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2024 Predictions on Tech, Business, and the Election

December 19, 2023 / 10:06

This episode covers predictions about geopolitical relations, economic trends, and political outcomes, featuring discussions on Saudi Arabia and Israel, U.S.-China relations, and the 2024 U.S. presidential election.

Scott discusses the potential normalization of relations between Saudi Arabia and Israel, suggesting it could lead to peace and economic benefits. He also mentions the impact of inflation on political stability in the U.S. and China.

The conversation shifts to predictions about the 2024 U.S. presidential election, with Scott expressing confidence that Joe Biden will win against Donald Trump, citing public sentiment and fundraising issues for the Republican National Committee.

They also touch on the possibility of third-party candidates affecting the election, with skepticism about Joe Manchin and RFK Jr.'s chances. The discussion includes the Justice Department's case against Google and its potential implications.

Overall, the episode presents a mix of political analysis and economic forecasts, highlighting the complexities of the current geopolitical landscape.

TLDR

Predictions on Saudi-Israel relations, U.S.-China ties, and the 2024 election outcomes are discussed.

Episode

10:06
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now it's time for our predictions of which we're not ready at all but go for it Scott you start and I'll think of one
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while you're talking uh okay so I'm just randomly picking three U and I can't help but play um a geopolitical
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commentator on television so um I've said this before I think that the Kingdom of Saudi Arabia and Israel are
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going to normalize relations and I'm I'm I'm I'd like to think that peace and prosperity have a are going to have a
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second chance or new Newfound Vigor as the two largest economies normalize relations I think I think that President
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Biden sending these carrier strike forces has ring Fen the conflict I think the whole world is coming to the
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important recognition that you can have empathy for one side and that doesn't immediately prohibit you from having
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empathy for the other and I'm so I'm I'm just hopeful that uh the normalization of relationships relations between the
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kingdom and Israel will create a lot of economic incen to maintain something resembling a peace I'd also say that
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it's not possible with the current leadership on either side but anyways longer conversation normalization of
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normalization of relations in 2024 between the kingdom and Israel I believe that the world's largest tax cut or in
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history is about to take place in 2024 as the US and China and Chinese relationship relations thaw I think
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there's going to be a new bear hug I think that inflation in the United States is an existential threat across
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not only the United States but governments are overthrown if Roy weight is overturned people are upset about it
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but only a small very small number of households are actually impacted inflation hits people every day and it's
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literally the number one cause of why governments are overthrown or or political parties have thrown out of
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office so the US and the West have an inflation problem China has hit real roadblocks economically whether you look
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at their stock market some of their biggest real estate um companies going out of business
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and with a onep party system if you have economic Calamity you you you tempt or you risk Revolution and I think that
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while two years ago they were definitely feeling um very emboldened I think China
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now recognizes that uh they're they cannot take their economic growth for granted they have had real economic
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issues the last two years and the fastest way out of inflation and to renew economic growth across the largest
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and second largest economies in the world are for the two to kiss and make up and the IP and innovation of us
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combined with the industrial manufacturing might of China creates every single product in the world for a
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lower price and a higher quality and that chocolate and peanut butter of 88% of your toys under the Christmas tree
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which come from China being a little less expensive every year uh is going to uh the incentives are lining up for both
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parties to put their differences aside and re-embrace each other so normalization or or thawing of us Ceno
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relations in 2024 all right and I think my final one is okay keep going my final
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one is I think um I think that um we're going to see actually two more massive amount of
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disinformation from Ai and q1 and Q2 said this before around the election and uh my my I think travel stocks are
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ranging from Expedia to I don't know with another Airbnb I'm by the way I'm a holder on Airbnb not an not an Expedia
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are going to boom I think the travel industry is going to boom and unfortunately there's
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a very dark side to this and I think the reason they're going to Boom is I think
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people in their 20s a lot of them have just given up on the traditional uh dream of owning a home and because
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they're no longer saving two 3 five grand a year in hopes of moving into a home in the late 20s early 30s they're
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going to be they're going to have more disposable income and they're going to decide to spend it on travel is the
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traditional American dream of buying a home has just becomes kind of Out Of Reach for them and I think the travel
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industry is going to be the unfortunate beneficiary of all this additional disposable income that traditionally has
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gone into saving for People's First home 14 million homes have been formed in the
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last 10 years and only 11 million homes have been built average cost of a home pre- pandemic was 290 it's now 420 and
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then you couple that with interest rates going from 3% to 7% the American dream is now a hallucination for most people
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when it comes to home ownership and I think people are going to spend more money on travel travel stocks to Boom
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wow that's a lot wow that's a lot of them all right I have uh two I think one I think big one um I don't think Donald
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Trump is going to be the president of the United States I think Joe Biden's going to win and I'm going to say that
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now um I know these polls are going this way I think the American people have had
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it with him and the more you see of of uncle crazy the less you're going to like what you see and remind you of bad
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times I don't think you're going to remember the tax cuts I don't think you remember anything else and I think the
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people will start to feel better about the economy uh over the next year so I think um I think the age thing is a
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significant issue obviously but he's been doing so well and uh and I think people are just going to bite the bullet
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and and vote for Joe Biden and also the there's some real signs the Republican National Committee is way down in
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fundraising both small donor and big donor everybody people don't want to give money that it's going to help
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Donald Trump I think and people are very nervous about so I would I'm gonna go out on limb he's not going to be the
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president I think we should calm the [ __ ] down I don't think he will I think it'd be a disaster obviously uh but I
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don't think the American every time there's that Kansas thing happening or what happened in Michigan
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with the judge or they always go the other way that everyone is predicting and these right-wingers are like we've
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got it now Glenn yunen and they and I said the same thing about Glen yonen I was talking to a lot of people I think
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people want to move on and there should be a the only caveat is this is these third party things and we'll see there
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could be issues around that um but I have I just have this feeling people are like let's just stick with the captain
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you a good gut on predictions around politics let me ask you a couple follow-ups do you think Trump go do you
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think Trump goes to jail yes yes every lawyer I talk to there's no way pre or post election well as long as he gets
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convicted before the election if not he can pardon himself or there'll be a whole mess of things but that'll be his
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whole Administration is him parting himself and not getting anything done so it'll be about him he'll be just
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outrageous and it'll be a useless waste of our time and I don't think people want to waste their time anymore um so
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what about these third party candidates do you think Joe mansion going to run do
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you think R I think he doesn't have the set I don't speaking of small no I don't
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think he has the set I think he's a egomaniac and a narcissist but I don't think he has what it takes I think he
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likes to be in the middle of things but not the hard work of of being a president and uh doing the things it
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takes I even think Trump has got more of a stamina than Joe Mansion I think both
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of them do I don't think he has stamina I don't know but I think RFK will fade as people get to know more about him uh
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I think young people being n I know a lot of people posted about going home and all these young people saying I'm
00:07:03
not going to vote for Joe Joe Biden because of the Israel thing that's a year from now I think when they're faced
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with Donald Trump they're not going to pull the they're not going to stay home and they're not gonna they know what
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that means I think people will man up and do the right thing anyway that's my on that um and in Tech um I I I think
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the justice department might win this case with Google I don't know it's looking that way isn't it I think they
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will I think uh got a good case I think it's a backward-looking case and they should be focusing on forward-looking
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things but that's not the Justice Department's job here um so I do think they're going to win it I don't know
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what the real repercussions will be because it's a it's a it's a it's a story of the past and um search
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certainly has changed that shouldn't be Google's defense here from what they did
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then right it can't say well murder's legal now or whatever you know uh they they don't have a excuse what happened
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happened and I think they'll probably have an issue I think they will lose this case and then it'll just keep keep
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going on and on um but I do think the government might Prevail here uh I don't know about these Facebook cases but
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definitely um uh they've got a higher bar to prove on things but they they C it certainly looks like maybe a good
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year for for for at least the Justice fit not so much for regulatory uh bodies necessarily just a prediction on top of
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a prediction if if they are in fact found guilty and the remedy may be the breakup and it's not entirely clear even
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if they are found guilty if that would be the remedy but if the remedy looks like it's going to be a breakout Google
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stock will outperform every other big that's prob in 2024 you are 100% right sir YouTube is a juggernaut on its own I
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mean obviously search is just the ultimate toll booth and if they were to spin their Ai and Cloud division
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together the some of the parts Google on a multiple of Revenue basis is cheaper than every other Big T Tech you're 100%
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right there you're 100% 100% right about that I think that'll be interesting you're right it could be I would spin
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off YouTube If I were there um they've got plenty there to work with um so we'll see those are my predictions I
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like basic hope you're right hope you're right on all of that uh I I shall be I am good on the on the political stuff
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seem to be good on the I just think people will be once they see that guy again they've seen little bits of him
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they'll be like oh that guy that guy oh I hate I hope you're right the data says
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we're both wrong every time does no the data doesn't the polling does the polling was wrong about everything and
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I'm sorry I just don't believe polls I think there's a silent majority of people who just want to move on from him
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first might want to move on from Biden but they really want to move on from him last night as I said I'm I'm alone I was
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alone had an edible and I took a poll and stuck it up my ass all right and we're going to do that I'll be here I'll
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we try the be let me tell you one other prediction Scott will continue to make tasteless jokes no matter what I do and
00:09:58
I'm thinking of call in the Justice Department

Episode Highlights

  • Predictions for 2024
    Experts predict significant geopolitical changes and economic shifts in 2024, including U.S.-China relations.
    “I believe that the world's largest tax cut in history is about to take place in 2024.”
    @ 01m 13s
    December 19, 2023
  • Inflation's Impact on Governments
    Inflation is cited as a leading cause for political upheaval and government overthrows.
    “Inflation is literally the number one cause of why governments are overthrown.”
    @ 01m 42s
    December 19, 2023
  • The Future of Home Ownership
    The traditional American dream of owning a home is becoming increasingly unattainable for young people.
    “The American dream of buying a home has just become kind of out of reach.”
    @ 03m 57s
    December 19, 2023

Episode Quotes

  • Inflation is literally the number one cause of why governments are overthrown.
    2024 Predictions on Tech, Business, and the Election
  • The American dream of buying a home has just become kind of out of reach.
    2024 Predictions on Tech, Business, and the Election
  • The American dream is now a hallucination for most people.
    2024 Predictions on Tech, Business, and the Election
  • I think people will man up and do the right thing.
    2024 Predictions on Tech, Business, and the Election

Key Moments

  • Geopolitical Commentary00:11
  • Economic Concerns01:27
  • Home Ownership Crisis04:18
  • Political Predictions04:31

Tension Over Time

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