The Non-Sugar-Coated Ugly Truth About the Recession | Patrick Bet-David | POLITICS | Rubin Report

Dave Rubin of “The Rubin Report” talks to entrepreneur and Valuetainment creator Patrick Bet-David about red states vs. blue states, how he has avoided a victim mentality, why the American Dream isn’t dead, how you can make money in a recession, why this recession could get pretty ugly, how rising interest rates might tank the housing market, why mainstream media is already dead, how millions were tricked into thinking that home ownership is a good investment, what Jeff Bezos is learning from Elon Musk, and how to sell capitalism to the next generation. First, Patrick discusses what he learned from living in both blue states and red states. He explains how his family immigrated from Iran and how anyone can achieve the American dream. Patrick also shares a story of how he was discriminated against after 9/11 and how he refused to have a victim mentality and why you need to overcome the victim mindset. Next, Patrick explains why he believes that we are already in an economic recession. He shares how unprepared markets are for interest rate hikes that will be the largest in a generation. He gives his worst and best case scenarios of how bad inflation could get, and why layoffs will soon be rippling through the U.S. economy. Finally, Patrick shares why legacy media is dying and why there are so many opportunities in the media sector. He explains why capitalists have been so successful at making people think that buying a home is an important part of the American dream, but so bad at selling capitalism itself. He also discusses what we can learn from the Elon Musk Jeff Bezos rivalry.

0:00 Intro
3:50 Who Is Patrick Bet David?
13:11 California v. Florida
20:59 Is A Recession Coming?
30:01 How Can Democratic States Recover?
39:32 Selling Capitalism
44:47 What Is Elon Musk Mapping?

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Patrick Bet-David
Founder & CEO, Valuetainment
Patrick on Twitter: https://twitter.com/patrickbetdavid

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