Friday, February 27, 2026

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Thursday, February 26, 2026

DAVID FRIEDBERG: The majority of Americans do not own assets. They are net asset negative. As a result, they live off of income and they do not benefit from the de-dollarization like asset holders do and this is what is ultimately fueling populism in the United States.

 like I just don't know if there's a way of solving this fiscal problem without a functional redistribution of wealth.  And the question is can you do it violently or non-violently, and if there's a non-violent path I think that's probably the preferable path.  --David Friedberg

GUESTS

David Friedberg (the main speaker in the clip, a billionaire entrepreneur and CEO of The Production Board, known for his work in agtech and climate solutions).  David Friedberg $1.4 billion dollar net worth.  

Chamath Palihapitiya (former Facebook executive, founder of Social Capital, and investor in companies like Slack and Box).

David Sacks (co-founder of PayPal, founder of Craft Ventures, and a prominent venture capitalist involved in tech policy).

Jason Calacanis (angel investor, podcaster, and author, known for early investments in Uber and Robinhood).

TRANSCRIPT

If you own assets, like we do, the four of us, we own stocks, we own real estate, we own other assets, as the dollar devalues and everything inflates in value, our asset prices go up and we get wealthier and wealthier.   

The majority of Americans do not own assets.  They are net asset negative.  As a result, they live off of income and they do not benefit from the de-dollarization like asset holders do and this is what is ultimately fueling populism in the United States.  And the populism in the United States is what is driving socialism and the response to those behaviors is what got Donald Trump elected to some degree.  And the response to the Donald Trump actions is what's driving the civil unrest in Minnesota and other places. And I fundamentally believe that much of the unrest, the civil unrest, and ultimately the divide in this country is driven by the fact that de-dollarization, because of excess government spending, ultimately a majority of people in this country to feeling oppressed and left behind because they're seeing a few people in the country accelerate their net worth, like all of us here, and there's no way for them to catch up because if they don't actually own assets.  So I'll be honest with you guys, I'll make a confession, I was at the gym this morning on the treadmill and while I was there I was actually thinking about the wealth tax stuff that's going on in California.  And I wondered if it may be an inevitability in order to keep the United States from going into Civil War, I mean that very wholeheartedly, like I just don't know if there's a way of solving this fiscal problem without a functional redistribution of wealth.  And the question is can you do it violently or non-violently, and if there's a non-violent path I think that's probably the preferable path.

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SAMA HOOLE: Chloropicrin is a soil sterilant. You inject it into the ground to kill everything: fungi, bacteria, nematodes, insects, so the soil is chemically dead before you plant into it. You then grow strawberries in a sterile medium using synthetic inputs, because the natural soil ecosystem that would otherwise support the plant has been eliminated.

California grows 90% of American strawberries. To do it, they fumigate the soil with chloropicrin before every single planting. Not occasionally. Every planting cycle, every year, in 99% of California strawberry fields. Chloropicrin is a soil sterilant. You inject it into the ground to kill everything: fungi, bacteria, nematodes, insects, so the soil is chemically dead before you plant into it. You then grow strawberries in a sterile medium using synthetic inputs, because the natural soil ecosystem that would otherwise support the plant has been eliminated. It was also first used as a chemical weapon in World War One. The fumigation applicators are farmworkers, predominantly undocumented migrants. Exposure causes eye damage, respiratory damage, and neurological symptoms. California's Department of Pesticide Regulation lists it as one of the most common causes of agricultural pesticide illness. Residential areas near strawberry fields in Monterey County have recorded fumigation drift events serious enough to send children home from school. The strawberry is marketed as a heart-healthy, antioxidant-rich, plant-based superfood.

The soil it grew in was chemically sterilised with a WWI weapon. The person who planted it probably doesn't have health insurance. 

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ITALIAN PRIME MINISTER, GIORGIA MELONI: We want the laws of our country to be written by Italians, not by a bureaucrat in Brussels. We want to be masters of our own home. It is not hatred to demand that those who enter Italy do so by asking permission, respecting our cross, our language, and our laws."

Italian Prime Minister, Giorgia Meloni:

"You raise your voice to defend your people and they call you racist. You want your children to grow up in a safe neighborhood and they call you xenophobic. We want the laws of our country to be written by Italians, not by a bureaucrat in Brussels. We want to be masters of our own home. It is not hatred to demand that those who enter Italy do so by asking permission, respecting our cross, our language, and our laws."

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ANDREW BRANCA: Ilhan Omar and Rashida Tlaib ARE. NOT. AMERICAN. CITIZENS!

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