In this podcast, Patrick Bet-David and his guests cover a range of interesting topics, including controversial interviews, event cancellations, concerns about Tesla CEO, declining faith in college education, gender disparities in career choices, financial landscape and interest rates in the United States, regulations and controversy surrounding Liberty Safe's privacy, Apple's manufacturing decisions, Tesla's impact on the electric vehicle market, conspiracy theories about Barack Obama, analyzing affair claims and motivations, analyzing Elon Musk's statements and Tucker Carlson's motives, billionaires investing in longevity research, sentencing and terrorism, surveillance clothing becoming fashionable, and humorous conversations about technology.
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Quick takeaways
Confidence in higher education has declined due to rising tuition fees, student debt, and politically driven sentiment.
Spotify's investment in exclusive podcasts did not generate expected profitability, highlighting the challenges of success in the podcasting industry.
Choosing the right college major is crucial for successful careers, with STEM fields offering better prospects.
Building a successful podcast requires time, effort, and talent, fame alone is not enough.
BMW and Mercedes-Benz are making advancements in the electric vehicle market to challenge Tesla and Chinese contenders.
Claims about Barack Obama's personal life raise questions about journalistic integrity and selective reporting.
Deep dives
Americans Losing Faith in College Education
Surveys show that confidence in higher education has declined, with only about a third of Americans having a lot of confidence in it. Rising tuition fees and student debt are major factors contributing to this shift. In addition, politically driven sentiment has negatively impacted the perception of colleges, particularly among Republicans. The usefulness and worth of college degrees are under scrutiny, as studies show that less than 50% of college graduates get a job related to their major. Many believe that taking a gap year or exploring alternative career paths could be beneficial.
Spotify's Billion Dollar Podcast Bet
Despite investing a billion dollars in podcasts, including deals with famous figures like Kim Kardashian, Obama, Prince Harry, and Meghan Markle, Spotify has struggled to generate profitability. The company faced increased competition and exclusive podcasts didn't attract new subscribers as expected. To meet its profitability goals, Spotify has taken measures such as laying off employees, raising subscription prices, and sharing revenue risks with talent. This highlights that fame alone is not enough for a successful podcast, and podcasting is not as easy or lucrative as some may think.
The Importance of Choosing the Right College Major
Choosing the right college major is crucial, as not all majors lead to successful careers. Many students and parents are questioning the value of certain majors, especially those in the liberal arts or esoteric fields. Studies show that less than 50% of college graduates find a job related to their major, leading to financial burdens and disappointment. STEM fields, such as science, technology, engineering, and math, offer better prospects, and parents often favor funding degrees in these areas. It is essential for students to carefully consider their career goals and the return on investment when choosing a college major.
The Challenging World of Podcasting
Podcasting has become a popular medium, but it is not easy or guaranteed to bring success. Many people mistakenly believe that starting a podcast will instantly lead to fame and financial gain. However, the reality is that building an audience and monetizing a podcast takes time, effort, and talent. Simply being famous in one area does not guarantee a successful podcast, as demonstrated by the underwhelming performance of podcasts from high-profile figures like Kim Kardashian and Barack Obama. It is important for aspiring podcasters to understand the challenges and realistic expectations of the medium.
BMW and Mercedes-Benz enter the electric vehicle market to compete with Tesla
BMW and Mercedes-Benz are making significant developments in the electric vehicle market to challenge Tesla and Chinese contenders. Mercedes introduced a new concept car with impressive range and fast charging capabilities, while BMW unveiled a new electric concept car and platform for EVs.
Tucker Carlson interviews Larry Sinclair, who claims Barack Obama smoked crack and had gay sex
During an interview, Tucker Carlson revived Larry Sinclair's previous claims that Barack Obama engaged in drug use and had sex with men. Sinclair signed an affidavit and passed a lie detector test, but the mainstream media rejected the claims due to the Obama campaign's threat to deny access to anyone reporting on the allegations.
The controversy over the claims about Obama's personal life
There are mixed reactions to the claims made about Barack Obama's personal life, with some dismissing them as conspiracy theories and others demanding answers. The portrayal of the claims in the media has raised questions about journalistic integrity and selective reporting.
The importance of separating personal and political issues
While personal allegations can be attention-grabbing, it is crucial to separate them from political issues and focus on factual evidence when discussing a public figure's personal life. The claims made about Obama's personal life should not overshadow his political achievements and impact.
Enrique Tarrio sentenced to 22 years in prison
Former Proud Boys leader Enrique Tarrio has been sentenced to 22 years in prison, the longest sentence among the cases related to the January 6th Capitol assault. He was convicted of sedition conspiracy and charged with efforts to use force to overthrow the government. Despite not entering the Capitol himself, Tarrio apologized for his role. The sentence has raised questions of selective prosecution and ignited comparisons to the treatment of other individuals involved in protests or riots.
US government investing in surveillance clothing
The US government is investing $22 million into developing surveillance clothing that includes shirts, pants, and underwear capable of recording audio, video, and geo-location data. The program, called smart E-PANs, aims to create washable garments with advanced surveillance capabilities. The program manager, Dr. Dawson Kegel, highlighted the potential benefits for government agencies such as the Department of Defense and Department of Homeland Security. While the technology presents situational awareness advantages, it also raises concerns about privacy and surveillance.
Future of longevity research
A tech entrepreneur named Brian Johnson is investing millions of dollars annually in longevity research, focusing on rejuvenating treatments that can prolong life. Researchers are exploring the potential of treatments like blood transfusions between young and old mice for rejuvenating effects. Billionaires like Jeff Bezos and Peter Thiel are also involved in longevity research. While the prospects are promising, questions about the ethical implications and potential exclusion of certain groups arise. The pursuit of longer, healthier lives continues to spark interest and investment.
Today on the PBD Podcast, Patrick Bet-David, Adam Sosnick, Tom Ellsworth, Vincent Oshana, and K'von will discuss a wide variety of political and economic current events.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
