Valuetainment’s Post

Transcript

So generational wealth, OK, I'm a I'm a Family Guy. I got four kids. I was in California last month. Great state. At one point I'm there where they're at Pride month and I'm asking myself what the hell happened for all of a sudden LGBTQ to own America? What happened for LGBTQ to own the world? World Cup sports, everything is about them. Small community, that's all we want to promote really. That wasn't the case 20 years ago. So what, what, what part of this generation thought it's OK for that to happen? Are we back to the libertarian generation where it's like to each his own and do whatever you want to do and who gives a **** because the bunch of journalists went to San Francisco this past week to Pride month. I don't know if you've seen the videos. I'm definitely not going to be playing the clips on. Maybe show it to you afterwards. If I show you the clips, you won't believe what's going on in the streets. Kids are standing out there. Men are **** naked with nothing to be shown. And cops, people go up to cops. Are you gonna do anything? Did you see a man is on his knees doing what you think is doing to another man while he's peeing on him? They go to the cops and saying there's kids on the sideline. This is OK. Yeah. We can't do nothing about it. What made any political leader society people to think that's normal? Because in in no possible way is that normal. When I was in the military, there were plenty of guys in the military that were gay. It wasn't something where we sat there were like, Oh my God, I don't know. She's gonna do your thing, We're gonna do our thing. Everybody's good to go. So my curiosity with this whole thing, Neil, is values and principles. What generation loses principles when you. About a year ago, my interest became about doing generational wealth transfer, OK. And you go and study different families. Rothschild, you go study Rockefellers, you go study Medici. Family, you go study Vanderbilt. Vanderbilt. Apparently the father wasn't that involved with the kids. I think he had eight or nine kids. Rob, can you pull up how many kids Vanderbilt had? I think he had eight or nine kids and but he didn't give a ****. He wasn't like, he's like, yeah, plus what, 13 kids? OK, my apologies. I'm off by 5 or 4 kids. It's like, uh, whatever. So let me get this straight. This guy's got 13 kids. He's the richest man. And his money only lasts one generation and then that's it. Yes. Why? Then you have the Rockefellers or, or the Medicis or the Rothschild. It keeps transferring generation after generation after generation. What do they do correctly? So you know, I'm, I'm in, I'm at an event in Chicago 5 weeks ago to Goldman Sachs event. And it's the 60 billionaire families out of Chicago. You and I were talking about Ken Griffin, Citadel. Who left Chicago and went to Florida, went to Miami? That was one of the names that came up. Crown family was there, the Walsh family was there, the Reinsdorf family who owns the Bulls, you name him. All the families are there and they're kind of talking about how they manage the wealth and the family to not go to the next one. Those. Who are too reckless and didn't build it based on values and they spoiled. Money barely stays after a generation or two, OK. Even if you're a billionaire, one of the families, their fifth generation, they called the G Fives, that 150 G Fives and I families worth $14 billion. It's a Crown family. The, the General Dynamics, it's, it's a very well known family in Chicago. So it's like, So what do we do? If we got the, you know, we're 14 billion out of family, 5th generation kids, we got 150 of them. What do we do? We give each of these guys 10 million bucks. We give each of these guys that doesn't work. You can't give each of them a billion. That just doesn't work that way, right? So what is the right model? But to me? Someone. Got casual about certain values and principles that leads to. Actual moral values principles being down. Do any of these turnings have to do with a level of casualness towards actual morality? Where we sit? There were like, yeah, I don't really care, to each his own. Do your thing. You know, like you said, the feminist, the communist. Where do you put the massive LGBTQ movement that we have today that everybody around the world feels matter of fact, I'm probably talking about this right now. Makes you uncomfortable because it's uncomfortable to talk about it. You could get cancelled. People may not buy your books. People may not do anything. Ohh, my gosh, I don't want to be part of the community, says this. I grew up in California, Yeah, I went to UCSD, I went to UC Berkeley back-to-back in the day. It was a beautiful state. Everything worked. Schools were great, freeways were free. I mean, everything worked and people poured in massively into that state. As you know, people are now leaving California and I've been back there, you know, I stayed in cabins in the mountains. I, you know, and I, I've, I've been everywhere in California. You go backpacking in the Sierras. I used to go up on that, you know, along the coast. It's gorgeous if it weren't for Californians, you know what I mean? That's the problem. I I don't understand that state anymore. I go back and I just don't get it. They will continue to lose people and they will continue to lose congressmen as they already are. It's gonna get smaller politically. And you know which studs are gay, which states are gaining? We bad now 15 years basically the red zone is winning. The Blue Zone is losing population. They have higher birth rates in the red zone. They also getting huge net. In migration, right what's really weird about this is I've looked back at state migration throughout the throughout the decades and the typical pattern is people move from lower income per capita states to higher income per capita that's the typical pattern you think about it right Everyone wants to move to a richer area to to get better jobs. This is the opposite that's people are moving from Connecticut to Illinois. These are and, and California they're moving into the red zone because the. Must have living is so much less. What's happening in America when I talk about the renewed sense of community, right, it's all today and tribalism. We've got a Blue Zone tribe, we got a red zone tribe and people don't even care is at the top of the ticket. You know what I mean it it. Biden could be dead and you'll still get 50% of the vote right? Because that doesn't matter as long as my tribe keeps the other tribe out. The reason why our country can't do anything is right now, this is part of the fourth turning. It's gridlocked and we're on the verge of civil conflict. Now I talk in the book about two forms of organized conflict which have come back continuously and 4th turnings 1 is external, the other is internal and usually. It's a little bit of both. I mean, the American Revolution was basically an internal conflict. People don't realize this. The American Revolution was basically patriots against Tories within the United States. More people killed each other within America than Redcoats, right? I mean, I think people need to get that straight. And typically a losing side. In a civil conflict, whatever side perceives they're gonna, you know, on the losing side calls in external help, right? So that's how you get, that's how you turn a civil conflict. Of course, the Patriots thought they were on the getting drummed, you know, getting pretty beat by the by the by the British general. So they brought in the French. That's how we won. I hadn't been for the French. My God, we made it a global war. Britain had to worry about a million other things that finally said, OK, we'll let you guys go. And the Civil War the Confederacy tried to bring in France and Britain. I think they were with one battlefield victory away from doing it. I think if Lee had won an Antietam. But she didn't. But if he had, the British may have actually said, OK, we'll recognize you. And then once the Emancipation Proclamation been made, it was kind of all over Britain. No European country was going to go inside with the South at that point. But this has been, and we go back and talk about this, but it's often at A at a razor edge which way we go, external or internal. And I see the same thing now if you had gone back in 1938. And remember, the 1938 was one of the most 1930s was one of the most polarized political decades in American history. Half America thought it was the red decade. The other half thought it was the the fascist decade, right? It was the New Deal. People either loved it or are they absolutely detested Roosevelt, right. And the man who brought it in. We had and in Europe, I mean, democracies were following to, to, you know. Dictatorships. But everyone thought that the liberal middle was gone. I mean, capitalism was over. It was either fascism or communism that was the future. And there's incredibly polarized and we had we had labor riots, we had sit down strikes, we had the Pinkertons out. It was a charged environment. And we were still mired in the Great Depression, you know, by 19381939, still a double digit unemployment. If you had asked Americans at that time, you say we're gonna have a huge conflict in American a couple years, what do you think it's gonna be about? They probably would have said internal, it's gonna be, I don't know. It's gonna be the it's gonna be the, the right wing against the left wing. You know, in America, no one would have said, oh, we're going to have a global conflict against fascism, which is when in fact happened. So one of the things I like to do is kind of do an anatomy of these 4th turnings and to try to discern what kind of trajectories they take. But one thing you see within these 4th turnings is this growth of tribalism, right? This is how what happens in a Ford. Remember how we enter, we would go from an unraveling into the into the crisis and, and, and what is people are overwhelmed by is the sense that everyone feels. Alone. You remember we triumphed. Individualism or something. We all feel alone. I talked to millennials today all the time. I talked quickly. Late wave millennials in their 20s. And the one thing I get response most of all is isolation, disconnection, a sense of complete aloneness. They don't have communities. They try to have, you know, ersatz communities, you know, through social media, which obviously just makes them even more miserable, as, you know. Have you read Silent Generation yet or not yet? Anxious generation. Generation. Yeah. He's great. Bug and a great rather than hide, you know, Jonathan Hyde. Phenomenal book. Yeah. Yeah. And a phenomenal. Writer, a fundamental maker in these uncertain times, if there's anything we need is we need people to believe the future looks bright. So you, if you've heard about me saying this mission to you, we're on a mission to get a million people to wear this gear. And This is why we're doing. If you buy one of these hats, there's a category of buying one hat, getting the second one free. If you haven't yet worn this gear publicly, go ahead and test it out by some of the gear we're in public and see how many people stop by and say you're also watching value teaming. You also follow people to podcasts. I do too. 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