The Monopoly on War: How the Military Industrial Complex is Bankrupting America

Valuetainment

Valuetainment Episodes

Business

4.8 • 1.7K Ratings

🗓️ 16 August 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Patrick explains how the military-industrial complex is bankrupting America. Connect With Experts On Minnect: https://app.minnect.com/ Get Your Tickets for The Vault 2023 NOW ⬇️⬇️ The BIGGEST EVENT in VT History! **TOM BRADY, MIKE TYSON & PATRICK BET-DAVID on one stage!** https://thevaultconference.com/ Visit our website: https://valuetainment.com/ Subscribe to our channel: http://bit.ly/2aPEwD4 @ValuetainmentMoney @ValuetainmentComedy @bizdocpodcast To reach the Valuetainment team, you can email: info@valuetainment.com Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get added to the distribution list 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.

Transcript

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0:00.0	There's a lot of ways to make money in America, but I want to tell you about a business model
0:02.8	that's going to get you to look at this in a complete different way. Let's get right into it.
0:06.3	Think about this. If you and I run a hospital, we got 200 beds. If there's empty beds,
0:11.5	you and I are not making money, so we need sick people to come to the hospital to make money.
0:15.8	That's how we make money. If you and I own a hotel, we got 500 rooms. Guess what? If our rooms
0:20.1	are empty, we don't make any money. We need people to come and stay in our hotel so we can make money.
0:25.2	Now, imagine a business model where you needed more wars for you to make more money.
0:31.7	Let me say that one more time. Imagine an industry you're a part of that you need more wars,
0:37.6	potentially people dying for you to make more money. That's like the department of defense.
0:43.6	That's defense contractors. The more wars, the more money. Now how Papa John says,
0:49.2	better ingredients, better pizza, Papa John's, defense contractors. Ready? More wars,
0:54.7	more people dying, defense contractors. So before I piss some people off, I'm pro military.
0:59.5	I was at the 101st Airborne and I love the fact that the U.S. has got a strong military,
1:03.3	but there's some people, some companies that are seeing it as a way of making a ton of money.
1:08.4	And today we're going to dive into different data that's going to show to you where we compare
1:13.4	to other countries on how much money we're spending and how much profits being made.
1:17.6	So if you give out a video, give it a thumbs up and subscribe to the channel. Let's get right
1:20.9	into it. I've been in the insurance industry for 23 years. There's a product in the insurance
1:24.9	industry called life settlement. So life insurance companies, when you buy product,
1:29.5	they want you to either live a long life because they're never going to have to pay out the life
1:33.6	insurance policy or they want you to kind of cancel your insurance policy 15, 20, 30 years later,
1:38.1	right? Like you had a good age, you're healthy, cancel life, they keep the money, you're good to go.
	...

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