WEBVTT 00:00.000 --> 00:08.140 That is just absolutely awesome and gives me great hope for the second half of this administration. 00:14.560 --> 00:20.060 Hi, this is Mike Maloney with Alan Hibbard, and we've got something that is both informative, 00:20.640 --> 00:26.020 hopeful, and hilarious for you. Alan, how are you doing? I'm great, Mike. Thank you. How are 00:26.020 --> 00:31.540 you? Good. So show me what you put together. Excellent. Well, I want to talk about DOGE, 00:31.540 --> 00:36.860 the Department of Government Efficiency, and it all starts with a tweet from Elon Musk. 00:37.440 --> 00:44.140 This is from just, I guess, last week. America's A-Team is usually building companies in the private 00:44.140 --> 00:50.080 sector. Once in a long time, reforming government is important enough that the A-Team allocates 00:50.080 --> 00:57.540 time to government. This is that time. Boy, and it's long overdue. That is for sure. 00:58.320 --> 01:04.840 You know, every time a dollar is taken out of the real economy where goods and services are created 01:05.460 --> 01:10.340 and put over into the government, where the government is going to do something with it, 01:10.380 --> 01:18.120 but that dollar is funneled through the bureaucracy first. And so there's very little of it left 01:18.120 --> 01:23.600 by the time it comes spitting out and pays a teacher or something like that. It's not 01:23.600 --> 01:31.260 the whole dollar that ends up hopefully improving your lives, but a lot of what the government does 01:31.660 --> 01:40.640 is exactly the opposite of improving our lives. So, yeah, let's, you know, there was another 01:42.400 --> 01:50.060 tweet that I saw where Elon Musk was saying that everything that this DOGE Department does 01:50.500 --> 01:55.480 is going to be posted online so people can look at it and say, no, no, no, don't cut that. That's 01:55.480 --> 02:00.720 way too important. Or they're going to see the, he's actually going to do a leaderboard 02:00.720 --> 02:07.500 of the stupidest government spending there is, which he said was going to be both tragic and 02:07.500 --> 02:16.320 comical. So it should be interesting and everybody has input on what this A-Team is 02:16.320 --> 02:23.560 going to be doing. I see a bright future being created by this team. So yeah, let's 02:24.580 --> 02:29.500 Absolutely. So what this all comes from, by the way, is Elon tweeted out something from 02:29.500 --> 02:34.920 the Trump advance transition team again from last week. He said it's a statement here 02:34.920 --> 02:39.260 from President Donald J. Trump. And I want to read this whole thing just to give you a sense. 02:39.260 --> 02:47.560 It's three paragraphs here. It's got over 50 million views so far. And let me read 02:47.560 --> 02:52.380 a statement from President Trump. I am pleased to announce that the great Elon Musk, 02:52.660 --> 02:57.700 working in conjunction with American patriot Vivek Ramaswamy, will lead the Department 02:57.700 --> 03:04.240 of Government Efficiency, DOGE. Together, these two... 03:04.240 --> 03:10.160 Anybody doesn't know Elon Musk jokes quite often about DOGE coin, 03:11.120 --> 03:16.460 which was originally created as a joke and it has done extremely well. 03:17.340 --> 03:25.600 Yes. With his support largely. I mean, it is a big coin, but he's a big fan of humor. So 03:25.600 --> 03:30.740 can't blame him. Together, these two wonderful Americans will pave the way for my administration 03:30.740 --> 03:36.580 to dismantle government bureaucracy, slash access regulations, cut wasteful expenditures, 03:37.080 --> 03:41.360 and restructure federal agencies essential to the Save America movement. 03:42.280 --> 03:46.280 This will send shock waves through the system and anyone involved in government waste, 03:46.420 --> 03:51.680 which is a lot of people, stated Mr. Musk. So this is like the kind of thing that 03:51.680 --> 03:55.980 we dream of. We never thought it would happen, but maybe it's finally here. We'll see. 03:55.980 --> 04:02.440 Well, you know, I look at this from an entrepreneur's standpoint, and I've been an 04:02.440 --> 04:08.360 entrepreneur all my life, starting businesses, some of them failed, some of them were like, 04:08.540 --> 04:14.020 break even things that I just sort of shut down because I knew I wasn't going to become wealthy 04:14.020 --> 04:21.360 doing that. But I also have to have some sort of mission when I, in anything that I'm involved 04:21.360 --> 04:27.140 with, where I'm helping to change things, where I'm pushing stuff forward. It can't just be 04:27.140 --> 04:34.420 something where I'm getting a paycheck out of it. So, but what I've noticed is that from the 80s 04:34.420 --> 04:41.500 to today, it is like 10 times harder to start and run a business today than it was back then. 04:42.000 --> 04:50.600 And that is a bad road to be going down. That limits prosperity for all of society. 04:51.240 --> 05:00.140 And so I'm really glad to see this happening. Yeah, me too. Yeah. So continuing here, 05:00.500 --> 05:05.560 statement from Trump, it will become potentially the Manhattan Project of our time. 05:06.260 --> 05:11.040 Republican politicians have dreamed about the objectives of Doge for a very long time. 05:11.500 --> 05:16.240 To drive this kind of drastic change, the Department of Government Efficiency will provide 05:16.240 --> 05:21.960 advice and guidance from outside of government and will partner with the White House and Office 05:21.960 --> 05:27.160 of Management and Budget to drive large scale structural reform and create an entrepreneurial 05:27.160 --> 05:33.100 approach to government never seen before. Excellent. Yeah, entrepreneurial approach. 05:33.300 --> 05:36.360 Yeah, there's good incentives. Like the market will tell you if you're spending your 05:36.360 --> 05:43.400 dollar efficiently and if not, you can't spend it that way. I look forward to Elon and Vivek 05:43.400 --> 05:49.460 making changes to the federal bureaucracy with an eye on efficiency and at the same time making 05:49.460 --> 05:54.740 life better for all Americans. Importantly, we will drive out the massive waste and fraud 05:54.740 --> 05:59.900 which exists throughout our annual six and a half trillion dollars of government spending. 06:00.620 --> 06:02.580 It will work together. Six and a half trillion. 06:06.780 --> 06:13.480 This is just, if you went back to the year 2000, this would have been unfathomable. 06:15.020 --> 06:18.740 Nobody would have believed that this would have been possible. Six and a half trillion 06:18.740 --> 06:24.540 dollars of spending. So go ahead. I'm sorry I interrupted. No, it's massive. No, it's yeah. 06:25.160 --> 06:28.600 They will work together to liberate our economy and make the U.S. government 06:28.600 --> 06:34.260 accountable to we the people. Their work will conclude no later than the 4th of July, 06:34.460 --> 06:41.060 2026. So about a year and a half. A smaller government with more efficiency and less bureaucracy 06:41.060 --> 06:47.160 will be the perfect gift to America on the 250th anniversary of the Declaration of Independence. 06:47.640 --> 06:54.760 I am confident they will succeed. That is just absolutely awesome and gives me great hope 06:55.240 --> 07:00.740 for the second half of this administration. I do believe that they're going to be dealing 07:00.740 --> 07:08.380 with some sort of gigantic financial crisis, banking crisis, whatever. Something will happen 07:09.120 --> 07:16.580 sometime soon. Like I said in many videos, there is just too much energy built up. 07:16.980 --> 07:21.540 The economy has been too warped with the way the Federal Reserve responds to everything 07:21.540 --> 07:28.660 and tries to constantly force everything into these gigantic bubbles, thinking that the bubble 07:28.660 --> 07:36.540 century is normal and it is not. And that's the reason the scale of these bubbles and crashes 07:36.540 --> 07:43.020 keeps on getting bigger and bigger and bigger. But this gives me great hope that 07:43.560 --> 07:55.380 at the last half of this term, this administration and then leaving the economy and the structure, 07:55.840 --> 08:01.800 so whoever wins next time, they're at least dealing with something that's going to be on 08:01.800 --> 08:13.660 the upswing. This is a reason to be investing in America. Absolutely. I agree completely. 08:15.040 --> 08:19.960 Yes. So something else here, people might ask why is Elon getting involved? 08:20.340 --> 08:24.600 Well, I knew what this one was going to be about, so I actually sent you this link. 08:24.900 --> 08:30.300 That's right. You did. Which originally came from Dan. Yes. Go ahead. 08:30.300 --> 08:34.860 Yes. So the comment here is this is what happens when Elon Musk enters an industry. 08:36.040 --> 08:45.280 Do you want to explain this? This is the cost per kilogram to launch something into orbit. 08:45.500 --> 08:49.160 So you've got a payload. How much does it weigh? It weighs so many kilograms. 08:50.080 --> 08:55.940 The dollars expended to put that up into space. And you can see the high point 08:55.940 --> 09:05.440 was the space shuttle at over $52,000 per kilogram. And then the green line 09:06.040 --> 09:14.900 is Elon Musk entering the industry. And you can see 8 and 9 are Falcon 9 and Falcon Heavy 09:15.940 --> 09:23.720 launches, which have already occurred. So this is now history. And the Falcon Heavy, 09:23.720 --> 09:33.620 you're talking around, so from $52,000 to $1,500, $1,500. And then the target with the starship 09:33.620 --> 09:43.340 is under $200. So $52,000 to $200. This is the type of efficiency. When you look at Tesla, 09:44.260 --> 09:51.040 and I've owned, my first Tesla was a 2010. My second was a 2011. The third Tesla was the 09:51.040 --> 10:02.700 599th Model S off of the line in 2012. And so this is what happens. Electric cars were very expensive 10:02.700 --> 10:13.120 to make. And Elon Musk lost a lot on the roadsters. Every roadster was created at an enormous loss. 10:13.820 --> 10:24.540 And then the Model S, they started making a profit on. But my first Model S cost $128,000, 10:24.600 --> 10:36.320 I think, back in 2012. And that did, I think, the 0 to 60 was 4.2 seconds, and it only had 10:36.320 --> 10:46.300 a rear motor. Now it's a dual motor. It does 0 to 60 in 1.9 seconds. It's safer. It drives itself. 10:46.660 --> 10:51.660 But my 2012 didn't have the hardware to ever be able to take advantage of full self-driving. 10:53.940 --> 11:01.300 It's a completely different car and vastly superior. And the cost has come down about 20% 11:01.300 --> 11:06.420 during all of this raging inflation. So you're talking about 12 years later, 11:06.420 --> 11:15.540 and the cost has been falling. Another thing I want to point out is excluding the Chinese companies. 11:16.100 --> 11:21.780 Tesla is the only electric car. They're the only producer of electric cars that can make a profit 11:21.780 --> 11:29.320 on electric cars. Everybody else that's producing an electric car does so at a loss. 11:29.320 --> 11:37.620 And they're the most profitable car company on earth. And so you take these models of how he does 11:37.620 --> 11:45.920 things. He's got a couple of models. The best part is no part, and the best process is no process. 11:46.400 --> 11:51.760 So you want to eliminate as many things as possible. He's going to bring this to government, 11:51.760 --> 11:59.040 eliminating as many things as possible to get everything flowing as well as it can. 12:05.560 --> 12:11.760 First principles. He starts with what is the commodity cost of a car? What does the steel 12:11.760 --> 12:16.280 and the lithium and the aluminum and the copper and everything else that's in the car cost? 12:16.580 --> 12:23.500 How can we drive the cost of a finished car as close to that as possible? 12:24.960 --> 12:34.940 So what I see in this chart right here, that green line represents the Department of Government 12:34.940 --> 12:43.640 Efficiency cutting costs of our government, which leaves more tax dollars in the real economy. 12:43.640 --> 12:49.560 Those dollars don't need to be taken. That hopefully the deficit spending will stop because 12:49.560 --> 12:56.540 the deficit spending always shows up as inflation somewhere. You can't do deficit spending without 12:57.320 --> 13:06.400 causing. There's repercussions to all deficit spending. And so it either indets us in the 13:06.400 --> 13:13.800 future or it causes big inflation. And so this chart here gives me great hope, 13:14.120 --> 13:21.280 hopefully working with Vivek Ramaswamy, that this team can do some amazing things 13:21.280 --> 13:25.780 in a very short time. And like you said, did you say about a year and a half? 13:26.460 --> 13:36.380 A little bit more? Yeah, I'm thinking from, yeah, inauguration from January until the 4th of 13:36.380 --> 13:44.740 January is a big task and a very short time to do it. But we have seen when Elon Musk acquired 13:44.740 --> 13:52.900 Twitter, that was a complete dumpster fire, just losing tons of cash every single day. 13:53.900 --> 14:04.140 And they were doing heavy censorship, deplatforming. And he bought that, turned it around 14:04.140 --> 14:12.040 amazingly quickly and then introduced an AI program. And they've caught up, 14:14.420 --> 14:21.520 Microsoft and Google and others have been working on this for years. And they've caught up in this 14:21.520 --> 14:29.740 incredibly short time. And I just, I really think that these people can do this for government. 14:29.740 --> 14:35.820 That gives me great hope because when you look at the economic freedom of the world report 14:35.820 --> 14:45.580 produced up in Canada, you see that they audit all of these different countries. It's 168 14:45.580 --> 14:52.100 different countries or something now that they audit annually. And the bigger government gets 14:52.100 --> 14:58.000 compared to GDP, the higher the level of taxations and the more regulations, 14:58.500 --> 15:06.480 the worse that government starts to do. And so hopefully, we're down in like, we used to be 15:06.480 --> 15:13.940 number one in their economic freedom of the world report. And for a while we dropped to 15:13.940 --> 15:20.260 number 12 after the Patriot Act, we're back up to like number six. But I want to see us get back 15:20.260 --> 15:28.440 to number one again, because in that report is the big prediction, the roadmap to the future 15:28.980 --> 15:35.360 of our country, of our society, of how long you're going to live, how happy you're going to be, 15:35.700 --> 15:41.360 how wealthy you're going to be, even the poorest in a society are wealthier in the most 15:41.360 --> 15:46.900 economically free countries than they are in the countries that are trying to redistribute 15:46.900 --> 15:54.000 all the wealth and make everybody equal. The proof is in the pudding there. The proof, there's 15:54.000 --> 16:01.420 results. You can see what happens when a government has one policy or another and getting rid of 16:01.420 --> 16:09.060 government waste, lifting a bunch of these regulations, creating sunset laws for all laws 16:09.060 --> 16:18.220 where they have to be looked at periodically and reinstated, so rolled over basically, or 16:19.060 --> 16:26.520 the law vanishes. This will lead to great prosperity, I believe. What's your opinion? 16:27.000 --> 16:32.140 Yeah, I agree with everything you just said. Yeah, slash it. It's like Javier Millet, 16:32.640 --> 16:37.520 Afuera, Afuera, right? Every department, get it out of there. And the government, 16:37.520 --> 16:42.320 for the most part, doesn't belong in most of the industries that it's currently tinkering with. 16:43.500 --> 16:49.640 Tinkering is putting it mildly. Get it out of there and have these sunset provisions. I'm very 16:49.640 --> 16:57.760 optimistic. I hope that this happens the way it's proposed. Yes, and hopefully next on the 16:57.760 --> 17:05.760 chopping block is the Federal Reserve. Yes, I agree completely. I have one thing I want to 17:05.760 --> 17:10.500 give our viewers with. It's a pretty hilarious video. I hope no one gets offended. It is about 17:10.500 --> 17:14.080 government employees, and of course, the government is the number one employer 17:14.680 --> 17:20.000 in the country, but I do find it very funny. So I want to leave you guys with this. This is 17:20.000 --> 17:23.080 Elon watching federal employees enter the private sector.