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EMERGENCY PODCAST - PBD MAKES MAJOR ANNOUNCEMENT
PBD Podcast
The History of the Saudi Cycle
In the 1990s, commercial real estate and residential real estate in California, Hawaii, were being inundated by whose money? This is what year? 90s, late 80s. And Japanese were buying very large things in America like Manhattan soil. But there's cycles that happen with the wealth of nations and their currency being trading above other people. If each team is worth $3 billion on average, I can buy the entire NBA team, every one of them for 100 billion. Elon Musk could buy every single NBA team. That's crazy to think about.
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