Back to episode — Episode 2936 CWSA 08/23/25
Context —
platform. That's the voice-only service, so you can chat and ask questions and get answers and all that. All right. Well, I guess the stock market hit record highs yesterday after the Fed chair hinted that maybe interest rates could be a little bit lower in September. So I don't know if Trump's browbeating of him and insulting and threatening him made any difference at all. Probably not. If it ma…
← Previous segment →ce of he delayed it longer than he could have. But maybe good news is coming.
However, there is some suggestion that Trump might fire that governor of the Fed. That would be the position below the Fed chair. And the reason would be Bill Pulte and his people found that she allegedly may have lied on some mortgage applications and said she had more than one primary residence, which is impossible. Apparently it's fairly common. I think 4% of homes or something like that are illegitimately primary residences. So it's a pretty common crime if it turns out she's guilty. I don't know if she is, but that was a lot of pressure to put on the Fed for what could turn out to be no benefit whatsoever. I guess the Fed will be independent.
Well, according to Howard Lutnick, commerce secretary, I now own a little bit of stock in Intel. I wasn't expecting that, but apparently the United States, and therefore as a resident that would include me, apparently the United States took a 10% stake in Intel. Now we had talked about that might be happening, but they actually got that done. That's a done deal. They've signed that agreement, I guess.
And while some people will say, well, there's another example of fascism where the government owns the companies, to which I say 10%, that's not owning anything except maybe profits. And the government is uniquely situated to make or break a company, you know, to make it successful. So my guess is this is going to be a tremendously good deal and that Trump has once again found a way to monetize things. He finds bad news and then he monetizes it. It's basically the same thing he did in his business life. He would find a building that was suboptimal and then buy it and monetize it by improving it. And he finds every opportunity to do that. So Intel may have been like the property that was suboptimal.
And maybe, I assume, now this is an important assumption. It might be wrong, but I'm assuming that there's a pretty specific thing that the government will do for Intel somehow that would make them more likely to succeed. Otherwise why would they give them 10%? But there will be more to learn about that.
All right, here's a story that will sound like it's a joke, but it's not. You know that there's a big software company called Microsoft. I think you've heard of it. Microsoft. Well, Elon Musk is going to start a competing company. Instead of calling it Microsoft, it'll be called Macrohard. Macrohard.
Now apparently even though Elon says the name is tongue-in-cheek, you know, it's a jokey name, it's a real thing. And the real thing is that he's recruiting software people to build a competitor to Microsoft's Office that would be an AI-based approach.
Now tie together the other stories. What would happen if you could do the main things that you want to do without buying Microsoft software or without using apps because let's say your phone and your laptop were running AI and that's it. It was just running AI. So if you wanted it to act like a spreadsheet, you just say, "Hey, AI, act like a spreadsheet." And boom, you'd have a spreadsheet. It would just create it on the fly. It wouldn't exist anywhere until you asked for it. And you know, maybe you'd say, well, maybe it would have a template that it used or something. Same with a word processor. You just say, hey, I'm going to write a letter. Boop. And it would create that interface as if it never existed before.
Now imagine that you've got that. And then imagine that your companies also include a network of satellites that can make it unnecessary to use a phone company because pretty much everywhere on Earth you'll have this high-speed bandwidth access to a satellite. That would be Elon Musk.
So if he can build the best AI and then he can use the AI to replace all apps and operating systems in our devices, so that would include your phones and your laptops. All of that would go away. And if Elon is successful, he would own all of that. Do you even understand how big a play that is? He's making a play to put Microsoft out of business and Apple too and take all of their business. Microsoft and Apple at the same time.
Oh no, not that. I'm sorry. Did I say that he was going to try to take Microsoft and Apple's business? I didn't mean that. I meant Microsoft, Apple, and all of the mobile phone company business because his satellites will be the mobile phone company. So he's going to be your internet provider, your phone provider, your operating system. And he's already 75% there because the AI is the important part, right? We already assume that if Elon Musk decided he wanted to build a phone that he could figure out how to manufacture a phone. I mean, he might not do it in the United States for the same reasons that nobody else does, but yeah, he could either find a partner or start a company and manufacture a phone.
So the future, I believe, is laptops and mobile phones that have only AI and it does everything you want to do. Whoa, wouldn't that be cool?
All right. So not only will Elon Musk be the first trillionaire, but he might be the first hundred trillionaire if he pulls that off. That would be worth, I mean, how much is that worth if he replaces all of those companies' entire businesses? And it looks like he's got, I'd give him a 25% chance of pulling that off. Maybe higher, might be 75%.
And here's another thing that AI might do. It might replace GPS. So it turns out that if you've got detailed satellite maps and you've got cameras on your car that your car can sort of look down the street and compare it to, I guess, like a Google map that maps a street and it will just figure out where you are by what it looks like, no matter where you are. Now it might only be used as a fill-in for when GPS fails. So in other words, you could imagine your car would have the AI navigation where it just looks where you are and tells you where you must be, but it would only kick in when the GPS failed perhaps. But how cool is that to not have GPS and still have AI tell you where you are? Now it's not going to work if you're in the middle of a forest, but it would work wherever the streets have been mapped. That's almost everywhere.
Well, one of what probably is several dildo throwers at the WNBA games. You know about that. Multiple people, I think, probably multiple people have thr
Context —
own a colorful dildo onto the court during basketball games, women's basketball. And I think somebody did it on a football turf yesterday as well. But one of those dildo throwers has been caught. He's a family man from Ohio who traveled all the way to New York, I guess, to throw a dildo onto a WNBA court. And he's not even like a big fan of WNBA. Why would you do that? He's a family man and a smal…
Next segment → →