Tucker Carlson podcast. I haven't finished it yet, but like I said, it's the most eye-opening, jaw-dropping, incredible set of useful points that you should understand. It's really special. You know, so you got to watch that.

So that's a big deal. If you're looking for some optimism, this story about allowing any kind of power plant, you know, not stupid but just normal power plants to be associated with AI and letting the tech giants sort of take control of how that functions, honestly I can't think of anything that would be better for America right now. I mean it's just so good. So good. And it doesn't even look like the government you expect. I kind of expect my government to be just stopping me from doing stuff. And when you see somebody who's in the government, Trump, making it easier to do stuff, important stuff like critically important existential stuff, you can't get more optimistic than this. This is special. It really is.

Speaking of that, Trump's going to visit the LA fire zone today. So a few sub-stories to that. Number one, did Biden ever? I think he was already kind of done by the time of the fire. But Trump's going to be there, and Newsom said he's going to be greeting him at the tarmac, which suggests that Newsom is not invited to tour the actual fire areas. So it sounds like Newsom wanted to insert himself, but the only place he could be sure it would be acceptable is greeting him at the airport.

Now there could be a second reason for this. You know that there's still some fires burning. You know there's always some smoldering embers and stuff. So it could be that Newsom's hair gel presents too much of a risk. You know, you don't want to put that much of a... oh never mind, it's not about his hair gel. But so Newsom's in an awkward situation. People expect him to be the leader of the opposition to Trump. At the same time he has to beg him for money. So I wonder if he can separate those two things or if he feels like he'll just try to do both at the same time.

Ah, Mr. Trump, Mr. President, thank you so much for coming here. We really need a lot of help. $2.5 billion. And by the way, you're a fascist. What? Yeah, we said, I said we're going to need a lot of help from the federal government. Really appreciate that you came here. It means a lot to us. We need at least 10 billion. And you're Hitler. Wait, what? Like how's that conversation go exactly? I don't know. Awkward.

The good news is that I know he's going to be talking to the right people, and I won't say more about that. But I'll just say that one of the things that Trump does so well that I've never seen anything like it is that he has feelers among his base and on the ground like I've never seen. Like if somebody has a better idea about anything, it actually gets to him. It doesn't matter who it is. Anybody who has a good idea, it's just a good idea. And you can bubble it up through people who have bigger accounts, and they say, oh that is a good idea. And then sooner or later there's somebody on his staff who sees it, and he actually hears about stuff. Like I've seen that play out a number of times. And I think that's playing out again with his visit to LA. So we'll see how it goes. I'll be vague for now. But in terms of knowing that he's going to connect with the right people when he's there, done. And that probably bubbled up from the right people. And that's how you want your country to work.

Meanwhile, Trump signed an executive order on crypto trying to make America the capital of crypto. You know David Sacks is in the administration, so he's behind that. But he also is going to ban central bank digital currencies, and he's going to evaluate the creation of a national digital asset stockpile. So all that sounds forward-thinking and good. I'm only comfortable with it because Sacks is the main guy there. This is the crypto stuff is things I don't have a deep understanding of. Most people don't. So I wouldn't be comfortable with something like this if I heard that it came from, I don't know, Don Jr. because he likes crypto. I'm not making fun of Don Jr. I think he's great. But the source matters, right? If Trump just read an article and decided to do an EO on it, well that would be trouble. If it came from somebody who didn't really understand the space, that would be trouble. But it's coming from Sacks. Like I feel comfortable. Like okay, if Sacks thinks this is a good idea, and of course everything is risk-reward. Nobody can predict 100% what happens with anything. But if it's the right risk-reward, I'm completely comfortable that Sacks has that under control.

And that's what a podcast does for you. If you watch somebody on a popular podcast over a long period of time and you see them talking on all kinds of different topics, especially this one, you get a real feel for whether somebody's playing a game, just trying to make some money, just trying to throw some grenades. And Sacks is just common sense times extraordinary understanding of things times energy times patriotism. Right guy in the right place. Perfectly nicely done, Mr. Trump.

Trump is also talking about saving TikTok with a sovereign wealth fund. Now my understanding of a sovereign wealth fund would be when a country uses its own money to effectively make investments. Why did America not have this already? It's a pretty common thing. It's a pretty common thing for other countries. Saudi has one. You know, I think a lot of countries have one. Why wouldn't we have one?

One of the things that Trump apparently is bringing to the process here is the understanding that America, if it acted in some ways just like a private company, it could unlock investment potential like nobody's ever seen. I'm borrowing a Trumpism. Like nobody's ever seen before. And what I mean by that is because the U.S. government can make something work that corporations maybe wouldn't have the power to make it work. In other words, the U.S. can declare something legal. It can also declare something illegal. It can protect something that a private company couldn't protect. So if you add the military power and the lawmaking power and the regulation creating and removing power to a financial model, it can do better than all other financial models.

And the example is TikTok. TikTok would be the perfect introduction to a sovereign wealth fund. So if you can imagine, let's say the sovereign wealth fund just owns, you know, Trump says 50%, and then you get a bunch of American, and I don't even know if they have to be American. They could be Canadian or any friendly country. There are the other investors. But the important investor would be America because America would say now it's legal. So it turns an asset that's worth nothing into a trillion-dollar asset. And Trump says that directly. It's worth nothing if we say no to it, and I'm saying no to it. It's worth a trillion dollars if we change it so it's appropriate in the United States, and I say yes to it. So why don't I get half of that?

Now let me say it again. It's worth nothing now, but I can make it worth a trillion dollars just simply by making it okay again to operate. And if I can create a trillion dollars of value out of nothing, why doesn't the United States get some of that? And the answer is I don't know. The answer is it's a good idea. What's the pushback? We'd get TikTok. So the users would be happy. At the moment the way it's organized, it's an unacceptable risk. Trump can make that risk go way down by making an American product with an American algorithm. It's all win. It makes you think why weren't we doing this before?

Now TikTok happens