Episode 96: Why you should consider putting trust in crypto during this crisis pt 1
In Pt 1 of a 2 part series, Chris J Snook tells us why you should consider putting trust in crypto during this crisis.
Chris J Snook- Bestselling Author of Digital Sense | Managing Partner at Launch Haus and LODE- a Venture Studio and Opportunity Zone Impact Fund | Chairman/Founder of WorldTokenomicForum and the Sandcastle Foundation.
Check out his entire bio here
Watch Chris’ Virtual Keynote: “Life, Business, & Markets In a Post-Covid19 World”
Twitter: @chrisjsnook
Website: www.chrissnook.com
*Disclaimer. None of this information is financial advice.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
00:01:17:01 – 00:01:24:15
Richard Carthon: Hello everyone. Welcome to another episode of crypto current. Your host here Richard Carlton in today got a very special guest we got Chris snuck in.
00:01:24:17 – 00:01:56:11
Richard Carthon: Oh my gosh. I want to say this is going to be a highly highly highly fun episode tune in. Hope you get in. Have a seat belt on because there’s just so much nonsense about to get dropped on you. You just don’t even understand. So Chris thank you so much for joining us today. Farda the demeanor you have men like first of all you’re highly involved in the crypto space and like you’re a part of just so many different things in both crypto block chain economics your resume makes just so long you just tell us a little bit of background before we dive into this.
00:01:56:13 – 00:02:31:13
Chris Snook: Yeah. You know the shortest version I’ve been. I didn’t set out to be an entrepreneur. I went to school and decided to go to grad school because I couldn’t find you know income from a job after four years of college that felt that I played college football division two and at that time in my life I knew it wasn’t gonna last forever I had no delusions of that but I went all in I have one of those personalities that’s either basically a light switch on me they’re on or I’m off and if I’m on or I write them off I’m not interested then I really get to you know I think the worst question you ask an 18 year old is what do you want to be when you grow up.
00:02:31:15 – 00:03:08:23
Chris Snook: I just don’t think you know maybe maybe your generation does because I think you’ve you’ve kind of come up in a different era but I still don’t think so I think it’s just a terrible question. I think you know it’s it’s just a lot of pressure right. And so I pick certain things because I was like why I want to play because I want to play football because that’s what I can do right now and I want to play music because I was into the music and I was like How do you go to school to do that. And so I really use college as an excuse to keep playing football and it wasn’t cause I was dumb or you know a jock it was just I just didn’t know what I’m going to study.
00:03:08:25 – 00:03:39:08
Chris Snook: So I say that not just for quick context. I had no interest in business. I mean that I knew I didn’t know I was in the business I certainly didn’t know it would become such a life passion of mine a few short years later wasn’t on my radar at all. I majored in exercise physiology because I’ve always been pragmatic and this was going to tie into your question in a second because I’m much more of a pragmatist than I’m a futurist but I’ve always been curious about the near term and long term future and I’ve always been very curious about the past because I think it helps us understand that.
00:03:39:16 – 00:04:25:09
Chris Snook: And it’s only been through pragmatics. So why did I made your next test physiology. You were a football player and baseball player too late. You probably know because it’s been 16 to 20 hours a week in class. I want to study stuff. It’s gonna make me stronger. So I could what a better football finish. And so you know fast forward fast forward from 1994 when I entered college 98 graduated. Now we’re in 2020 right. So fast forward twenty six years from that 18 year old and you know here I am and in the last 20 years I’ve been an entrepreneur but I didn’t you know entrepreneurship wasn’t a thing you didn’t like sign up to be an entrepreneur on Instagram in 1999 right like what you put in your hashtag.
00:04:25:11 – 00:05:04:13
Chris Snook: And there was no such thing right. It was literally you couldn’t get a job. And and so I didn’t set out to do that I set out to become economically independent. That’s what I wanted I wanted to do what I wanted for the rest of my life with who I wanted to do it with where I wanted to do it when I wanted to do it however big or small I wanted to do it. That’s how pragmatically simple My dream was with men. How laser focused it is still today. And so you know all this stuff and everything that you’re going to hear from me today any of it that impresses you any of it that you think is insightful is literally just a means to my end.
00:05:04:15 – 00:05:35:19
Chris Snook: It literally has just been scooped up along the way of me banging my head against the wall failing succeeding failing again succeeding failing screwing up getting zoo whatever the hell the thing was right. It’s all just been scooped up so it comes out. I’d say it could be very overwhelming sometimes be like oh my gosh you gotta understand is in nineteen ninety eight ninety nine. None of this was even on my radar. I what I do I even get started I didn’t read a book for pleasure till I was twenty five years old.
00:05:37:03 – 00:06:07:10
Chris Snook: And now my life has been consumed by some of the books that we’ll probably talk about throughout the show right again. Wherever someone’s listening to from if you get something out of this. This show is all about you today. I’m just here to try and hopefully give you some ammo that you can run your life with. But I’ve been on the frontlines of building stuff for 20 years and the last twelve 10 tenant ten to twelve I can’t depend. 0 9. So what’s that. Eleven years the last 11 years has been primarily and heavily in tech related stuff right.
00:06:07:29 – 00:06:23:24
Richard Carthon: So you know that it thanks for that for bringing all that down because again everyone listening it’s definitely become very clear why you started there before we kind of weave into the amazing presentation that you just gave that we’re gonna unpack. What was your first introduction into the crypt on black chain space.
00:06:23:26 – 00:06:37:05
Richard Carthon: Like where did you first hear about it when did it peak your interest you’re like I want to dig into this yeah to two points of that question and I I’m not going to answer it like most people but it’s gonna sound like it which is always a pain.
00:06:37:07 – 00:06:48:11
Chris Snook: I hate that I have to say this the first time that I remember hearing about or taking a look at something related to crypto was it had to have been 20
00:06:50:11 – 00:06:58:27
Chris Snook: must have been like mid to early 2011 ish and I say that because I remember the office I was in and I wasn’t in that office in 2012.
00:07:00:14 – 00:07:31:03
Chris Snook: So we were I was in San Diego at the time and I was in this coworking space called the hive and somehow and I don’t remember how somehow I got this email and I was doing a lot of stuff we a publishing company at that time. So I was working a lot of thought leaders in business like leadership you know authors things like that. So somehow through that I got this email I can’t I like for me I probably have three bitcoin sit over there and it’s cost it’s like one of those stories a lot to sit there is there was some company who came out it was called bit something and I can’t remember but it was kind of like Quora
00:07:32:25 – 00:08:03:26
Chris Snook: meets you know read it right. It was. The concept was in 2011 you can create an account and we’re gonna give you what they called bits essentially they were set they were Satoshi right but they called it bits. So one hundred millionth of a bitcoin we’re going to give you thirty thousand stop she’s getting noticed until she was right at the time we’ll give you 30 times till she’s to open up your com and the point of it was was you basically logged in and you created a profile and then people could ask how do I start up.
00:08:03:28 – 00:08:19:12
Chris Snook: How do I raise my own money for my idea or how do I fire a toxic employee. Like it was a business kind of forum. Right. And so the idea was you. You answered questions for free and you would ask me a question and answer it. And then you would tip me institution.
00:08:21:00 – 00:08:51:20
Chris Snook: So you just basically would send me and I remember thinking at that time this is brilliant because nobody in the real world I had heard about bitcoin and read about it. I didn’t really understand it. I knew what it was from a currency I understood in monetary theory sense but I didn’t understand it technology at the time. I did because it was you know like that 2011 ish somewhere in there. But I had done so much after the crisis kind of really on hacking like things like the Fourth Turning. I’ve talked about that book a lot. We’ll talk about that maybe a little bit today. You know I’d already gone strike. I understood conceptually.
00:08:51:22 – 00:09:04:08
Chris Snook: I just didn’t really understand the technology why it made it different. But what I didn’t know was user adoption was gonna be slow just because my kind of pattern recognition and business I was like this is going to be forever right. This is not going to happen overnight. And if it lasts at all.
00:09:04:10 – 00:09:25:00
Chris Snook: And then when I saw that I went wow that’s genius that could actually work because now someone’s basically they don’t know what this crap is but they’re doing it for free anyway. So now they’re getting something that’s kind of like games right. It’s like you get all these free tokens like maybe this will be worth something. So I start to answer questions and people started tipped me like twenty seven thousand SATs and thirty thousand SATs and forty does that so I don’t want to know how much.
00:09:25:02 – 00:09:35:11
Chris Snook: So far I have no idea. I know I never I don’t even know what the private key was. I don’t know what the password to get it. I couldn’t even tell you the name of the thing. I’d probably gone but it was the first exposure I had.
00:09:35:13 – 00:09:37:24
Chris Snook: I didn’t think about it again till
00:09:39:09 – 00:09:40:04
Chris Snook: I moved to Colorado.
00:09:40:06 – 00:10:06:15
Chris Snook: So that would’ve been June of 2013. And I believe in July of 2013 I kept my if that’s accurate or not. I think in July of 2013 is when why Bitcoin the letter why Bitcoin was a magazine that came out and somehow I got on their list probably threw that thing I don’t know. And so I subscribe to it. So I was like okay cool there’s a magazine first time there’s a magazine that I think they were the first magazine.
00:10:07:06 – 00:10:14:05
Chris Snook: And I can remember that’s the one of the telegraph for or not again. I didn’t know who any of these guys were back then and care but like Genesis like Gemini.
00:10:14:12 – 00:10:21:03
Chris Snook: So these things were like starting right about in that so July of 2013 I became a subscriber that they and I still have like the first.
00:10:21:05 – 00:10:56:19
Chris Snook: I think they only set for issues like quarterly or something. So I really became curious about it. But it was totally like not there was nothing and there was nothing to dive into. I was just curious. Just consuming it curiously because I don’t have any hobbies. And then in like 14 and 15 I created and produced two large startup weeks in Fort Collins because I wasn’t doing anything I was retired I was kind of on sabbatical. One of the startups we had founded which wasn’t in the crypto space at all in San Diego was was going well but not not near exit yet.
00:10:56:22 – 00:11:27:08
Chris Snook: There was no day to day role so the publishing company we had to shut down because it didn’t work and the founder that we invested in kind of had a difference of opinion and anyway partnerships fell. So I spent most of 2012 winding that down and we moved to 2013 and moved to Colorado and just wanted something fresh. Check it out. And I’m really looking for like what am I going to do next. Like what’s that thing. But I’m gonna be patients this time. And and so in 2014 we did an event I had a guy that was like one of the first bitcoin A.T.M. guys come out do a presentation. So I kind of was like curious about it.
00:11:28:00 – 00:11:41:07
Chris Snook: I was watching it and I was kind of I wasn’t invested it had none of the ones that I had lost I don’t even know what it was worth obviously Mt. Gox happened in 2015 too soon after that. I mean I remember thinking like well good thing I probably lost it all anyway.
00:11:41:21 – 00:11:49:26
Chris Snook: Yeah. And then in twenty seventeen we got serious. Yeah. Now I think of the price not because of price though so we can take another question.
00:11:49:28 – 00:12:09:09
Chris Snook: But I want to say 2017 we got serious and if we get to it I’ll tell you why but it was when Travis who wrote a book with me so Travis who is the co-host of bad crypto with Joel just for this event that you listen to where I did this keynote and I wrote a book called digital sense which was nothing about crypto but it was all about operationalizing customer experience and in your company.
00:12:09:15 – 00:12:14:07
Chris Snook: And that came out with Wiley in 2017. First part like January.
00:12:14:09 – 00:12:44:17
Chris Snook: And then in July he had started the podcast and all of a sudden they’d gotten like twenty five hundred. You know whatever in the first month and I was he was like you know we’re doing this thing you want to be involved what you don’t really need me I don’t know how I could be involved like you guys are killing it. Like just have fun and do it and you know I’ll find another way. And so when I saw it start to happen I went the tipping point is here you know I remembered ninety nine but I was too dumb and too immature to understand what I was looking at in 0 4 when that second wave of Internet 2.0 kind of hit through 0 7.
00:12:44:19 – 00:13:05:23
Chris Snook: I was too broke from the failure of the first one. So I couldn’t act. And so when I saw the thing happening in twenty seventeen and I went back through us like it’s gone this is this is gonna be the first movie that’s going to be the run up and then it’s going to trough but it’s happening now. I need to find a way in and that is kind of when I got serious and now it’s a journey.
00:13:05:27 – 00:13:06:27
Richard Carthon: Awesome. And like
00:13:09:09 – 00:13:46:27
Richard Carthon: the journey is always so people first hear about it and you’re like let me just see involved and then like once you get to the tipping point of like art I’m serious and I’m in. When people flip that switch it’s amazing to see like how deep they go in and just like how much starts happening quickly but in in a great and positive way. And so I mean just fast forward to now. I mean you just finished virtual block week that the backup though just put on gave an amazing presentation I’ll put it in the show notes of where you can go listen to that. And just for everyone listening right now we’re gonna kind of unpack a little bit of what was talked about but then at the end he got to that cut a little bit short so we’re gonna spend time expanding on that.
00:13:46:29 – 00:14:04:21
Richard Carthon: But at first you know your presentation was basically on post pandemic like what is the life after Cove it potentially going to look like. Can you just give like a a brief just overview of like what that is and I’m gonna pack up some certain questions from some other things that you gave me your presentation.
00:14:04:23 – 00:14:16:11
Chris Snook: Yeah yeah. So I think the context without stealing the thunder of those who watched the full replay the context that I always like to set first is that human beings you’ve heard this before human beings are creatures of habit
00:14:18:07 – 00:14:48:13
Chris Snook: and habits habits are nothing more than the sum total of our thoughts feelings and actions right. And for those of you who may have studied you know stuff like thinking grow rich or maybe walk while swallow sides are getting richer if you go way back down that personal development or that that kind of philosophical rabbit hole you run into as demand man think is bye bye. James Allen or of my one of my other favorite ones is master key system by Charles Horner which was written in 1911. And what’s funny about that.
00:14:48:15 – 00:14:57:25
Chris Snook: I digress a minute because all those books came out between 1987 and like nineteen thirty something hundred years ago.
00:14:57:29 – 00:14:59:29
Chris Snook: If you think about what was going on at that time
00:15:01:15 – 00:15:02:03
Chris Snook: very simple
00:15:03:23 – 00:15:04:23
Chris Snook: Yeah right.
00:15:04:26 – 00:15:25:17
Chris Snook: There were really hacks. There was the panic of 1987 for those who aren’t banking nerds right. And it was one of the worst panics and there was no central bank at that time because Andrew Jackson our president had killed the second central bank and he got shot. But he had basically destroyed the central central bank of the country after the Civil War. And so we had no central bank.
00:15:25:24 – 00:15:49:25
Chris Snook: We had independent banks and JP Morgan stepped in and backstop some and basically acted like the Fed and for those who know monetary history of a creature from Jekyll Island you know that in 1913 the sixth richest families representation at that time who had about 60 percent of the world’s wealth go down to Jekyll Island Georgia under under cover of darkness.
00:15:49:28 – 00:16:25:15
Chris Snook: And they create and have a meeting that essentially turns into the 13th Amendment which is the Federal Reserve Act. And so the IRS gets formed soon thereafter and everything else is so that we can be collateralized as citizens. So all this happens right around 100 years ago until all these books come up. About one hundred years ago the master key system 1911 I think James Downs book came out as meant they get them like 90 percent. I can’t remember exactly when that was the laws accessed by Napoleon Hill which was four volumes that Carnegie had commissioned him to write didn’t pay him due but said if you spent 20 years with me I’ll introduce you all my friends interview and find out what we have in common with the rest of the people.
00:16:25:17 – 00:16:59:09
Chris Snook: All right that’s rich. It started out as a lot of success. And then in 1937 it got published as a synopsis something rich. If you think about that time right. The mass suicide. You had the haves and have nots. There was no income tax before that so you had these you know you’ve all heard about these mega billionaires you know that would have existed back to Carnegie Rothschild you know Rockefeller Yeah. What were these books of major philosophy around how you think and this feeling and action happened that so that. So this kind of first wave of conscious but there was no Internet there’s just a printing press and so the distribution was limited.
00:16:59:11 – 00:17:32:00
Chris Snook: Right. And and so we’re kind of at that moment again. These books are more relevant than ever but they’re still relevant. And then there’s this kind of awakening opportunity again because every hundred years if you if you haven’t heard of the book The Fourth Turning it’s one of the ones I recommend. I’m by Neil Howard William Strauss. They talk about these generational macro cycles how every generation is born or dies during a period of these four seasons. So think winter spring summer and fall the crisis this winter. Summer is called the high or I’m sorry. Summers called the spring. Oh Jesus I’m sorry it’s Sunday.
00:17:32:03 – 00:18:02:23
Chris Snook: Summer is not hot so you get the high after the crisis. So the high is like springtime. All right then you got summer which is the unraveling and then you have the awakening and then you have the unraveling which is fall. Then you have the crisis again. So every twenty five years you move through one of these four things. Well we’ve been in the crisis since about 2005. But the reason why they know that is because it’s happened every 100 year 80 100 years it’s happened for the last how many years they went back. I think they went back to fifteen hundred. In this analysis.
00:18:03:01 – 00:18:35:06
Chris Snook: So when someone’s born like I was born as a Gen-X I was born during a period of time where essentially the unraveling was occurring. And so what happens during that time is everyone’s trying to maintain the high and the awakening that their parents live through or that they live through as children but they’re working twice as hard. And so for those in the Gen-X legs as example where were the latchkey generation because our parents were basically the first ones that were both going to college. That never happened in America before right.
00:18:35:08 – 00:19:11:26
Chris Snook: But because they’re both in college they were both going to work. What does that mean for the kids. DAVIES Yeah right. It meant things that didn’t exist for the generation prior. And so what happens when these things occur and both parents are out doing their thing the child grows up nomadic because the child becomes independent not because they wanted to be but as a generational archetype. They become nomads. And so this is kind of one of the arch types that happens. And I had no choice over that. You know unless you believe in you know cosmetology numbers and I came out at a certain time as a number to reincarnate but I didn’t have a choice that I’m aware of and when I was born right I just was born that you didn’t need it.
00:19:12:02 – 00:19:23:13
Chris Snook: Depending on when we’re born we’re we’re one of these archetypes. And then when we come of age meaning when we’re finally aware of it something’s happening in the world. Right so like our kid who’s eight and a half is growing up.
00:19:23:15 – 00:19:24:11
Chris Snook: Now during Koth
00:19:26:02 – 00:19:42:09
Chris Snook: now he knows it’s going on because he’s conscious he knows he’s home. He knows he’s home growing right this thing. But it’s for him for some of his generation. Unfortunately there are tough situations are living in apartments maybe with abusive parents like there’s there’s a lot of things that are happening now that are not good.
00:19:42:11 – 00:19:45:29
Chris Snook: And we know that beyond the disease right. Mm hmm.
00:19:46:05 – 00:19:57:23
Chris Snook: So when you think about it scale every eight and a half to 12 year old kid or Avery and have called the 16 year old kid that can’t be emancipated is aware of Kogan 19
00:20:00:00 – 00:20:16:27
Chris Snook: and they’re aware that stuff shut down and they’re aware that parents are working from home or not working at all or unemployed much like a child that same age. In nineteen twenty nine through nineteen forty was aware that there was a great depression. How did that shape a generation
00:20:18:14 – 00:20:49:03
Chris Snook: greatly. Go go go go forward. Go between me and you. So I’m Gen-X. I grew up at a time where essentially markets are roaring the 80s right. I’m coming of age when I’m that age. The stock market is roaring. Black Monday happens I’m 12 years old. My parents told me a story that when we were at Disneyland My dad was a teacher. We want a free trip to Disney like Disney World Florida. We wouldn’t have gone there the second time. It took them years to save up to go the first time a couple of years earlier. My grandmother put in a raffle and won a trip to Disney World.
00:20:49:05 – 00:21:10:02
Chris Snook: So when I was 12 we got to go back for free. And it was all expensive so I was one of those like things that used to happen back then. And so we go down there and I don’t remember this but apparently I’ve always been interested in business because we get in the airport and my parents who were like 40 something at the time are bringing my twelve me and my sister who’s like eight through the airport and it’s Black Monday right.
00:21:10:12 – 00:21:27:27
Chris Snook: This is the largest stock crash of that time in history since the Great Depression is happening. And they said I’m glued to the television in the airport at 12:00. Like I’m watching it and they’re going and I’m asking them like what’s going on. And I’m like glued to it. They’re like We don’t know. We don’t know. We stop crying because he was a teacher then a known entity in election.
00:21:28:03 – 00:21:48:00
Chris Snook: And so they said it was so funny because they’re like when you start to get into the business really wasn’t a shock because even though you did grow up around it for whatever reason like even on even on vacation with Black Monday I bet you were glued to the TV. Yeah and while you’re at Disney World. And so so the point is is that these generational things happen and then they shape how we act.
00:21:48:02 – 00:22:11:13
Chris Snook: Most people under the age of 35 but that are working today have zero clue how it is to operate in a tough environment. And I’m not trying to talk down to Gen Y and Jonesy. I’m trying to in fairness enlighten you that it’s not your fault it’s when you were born. Right. Think about when 2008 happened how long ago was that
00:22:13:20 – 00:22:26:07
Chris Snook: twelve years so a 12 year old in no way. Twenty four today. What’s the average age of influencers on Instagram somewhere between 24 to 30 years or 30.
00:22:26:09 – 00:22:48:09
Chris Snook: Yeah. So no freaking clue how to build a real business right. I’m not saying that as a demeaning thing. I’m saying that as you’ve built something but you built it in an era of unprecedented technology. You built it in an era of tension you built in an era of free money because interest rates have basically been at zero for the last ten years.
00:22:48:12 – 00:22:51:08
Richard Carthon: Right. And there’s there’s two things I want you to unpack.
00:22:51:10 – 00:23:03:00
Richard Carthon: So like real quick you made an analogy of the concept of Imagine you had a candle and like you had to go out and like Collier feel to get whatever you woke up and you had all this technology can you can you do that you.
00:23:03:02 – 00:23:25:02
Chris Snook: It’s very hard again. I’m hoping you guys write these names down because I can brag about all this stuff because none of it really is my ideas. I’m just a good connector of other people’s ideas so girly and hard E. Well you can look them up g Lee and hard at these on Twitter. I think it’s his thing. But he wrote a book called technology first community but he’s a futurist. We had him out in Fort Collins.
00:23:25:05 – 00:23:32:15
Chris Snook: I’d been phone for a couple years we hired him to speak in it but we didn’t Fort Collins in 2014 became friends with them for the first time in person.
00:23:32:17 – 00:24:07:21
Chris Snook: We’ve been on virtual forever but he wrote he had a saying a couple of years ago I can’t remember exactly when he first did it but it was probably right after that event. So it was far before code right. Yeah and he’s he’s a futurist and he really is someone who observes the future I’d like to say I observe the future versus predicted because he’s not like a Toffler who predicts 50 years out. He looks out three to five years eight years and goes these are the things that exist today. These are the macro forces and changes. That’s what I think the outcomes are gonna be right. And so he has a phrase that he coined that says in the next 20 years and I believe he said it in 2015.
00:24:07:23 – 00:24:39:10
Chris Snook: So between 20 20 20 35 doesn’t really matter. You can take today to 20 40 still holds true in the next 20 years humanity. All of us for all humans will experience the equivalent amount of change from today that the prior 300 years demonstrated combined. So the way I train you know analogize that in layman’s terms is I say seventeen hundred and twenty imagine today you go to bed in the year 17 20.
00:24:39:12 – 00:25:14:22
Chris Snook: Now most of us have read books or studied that at some level we know what that means. Right we may not know everything that was available but we know that we basically didn’t have electricity. We know that we didn’t have highways we didn’t have airplanes we didn’t have any of that stuff 17 20. We lived off the land. We were a colony of 13 or almost 13 I cannot remember if it was 13 colonies at that point yet but soon thereafter it was we were under British rule. And essentially it was the wild east over here right like you we’re just this colony where this little enslavement to the British and we it was colonial.
00:25:14:24 – 00:25:33:28
Chris Snook: So you’d go to bed tonight and you’d wrap up bearskin rug or like something made out of animal wool over you as a blanket you’d read by a candle or you know drink whatever you could make and ferment in your house and then you would go to bed and then the rooster would crow in the morning and you’d wake up and that was your alarm clock.
00:25:34:00 – 00:25:52:12
Chris Snook: So imagine you went to bed tonight and then you woke up tomorrow and you were listening to this podcast and your alarm clock was an iPhone and your you know you had I mean just all the crap you’ve got today. Yeah. Thank you.
00:25:52:22 – 00:25:58:07
Chris Snook: I’m going to change your 24 hour period or even a 20 year period. How would it make you feel. The answer is simple.
00:25:58:10 – 00:26:03:22
Chris Snook: You’d be overwhelmed. Yeah. There’s no other answer but you’d be overwhelmed.
00:26:03:24 – 00:26:21:09
Chris Snook: The crazy thing about girds quo is that if you and I think about everything we know you knew how to log onto this you and I knew how to do the same record that most of people listening to this are listening to this on the go or on a podcast or on a stream or on something right. And subscribe and you have all these debt you have credit cards you have other stuff.
00:26:21:13 – 00:26:29:07
Chris Snook: Take everything you know today and make that a bearskin rug and a candle you have to blow up and then for 20 years
00:26:30:26 – 00:26:33:05
Richard Carthon: and you’re going to feel like that dude.
00:26:33:17 – 00:26:46:17
Richard Carthon: And it’s like that it’s stuck out to me guys like that is so true just thinking about even you know I’m I’m 26 in the amount of change that’s just happened in my lifetime. I feel like it’s just so much and it’s a realistic thing.
00:26:46:19 – 00:27:15:09
Richard Carthon: Technology is moving at such a fast pace that we have we just have to keep up and we’re gonna go through so much change so quickly that the people who are trying to be present with where we are but be conscious of where the future is headed you’re just going to have so much more vanished and people who are just being in and why I think this is super relevant and to come back to cover it really quickly you dropped some really big facts on some different things that are going on with with Kobe. Can you keep touch on a couple of those which.
00:27:15:11 – 00:27:20:16
Richard Carthon: Which ones do you mean. Yes. The biggest one. We’re headed to poverty
00:27:22:14 – 00:27:26:07
Richard Carthon: with with people being driven.
00:27:26:22 – 00:27:39:13
Chris Snook: There’s a statistic out there statistic has some research that predicted half a million it’s like five hundred forty seven million or somewhere around half a billion new people will be pushed into poverty because of cocaine 90
00:27:41:26 – 00:27:54:16
Chris Snook: you know that. That’s almost. So sometimes these numbers are too big. Right. Like what does that mean. And then is that going to really impact me. I think the blessing in this is this is I’m saying this with all sensitivity because for a lot of people this is not a blessing.
00:27:54:22 – 00:28:07:09
Chris Snook: But you know the law law of the universe is very important understand with some of these things because we all know gravity right. So gravity isn’t a law that really cares whether you agree with it or not.
00:28:08:27 – 00:28:20:18
Chris Snook: It treats us all the same. That’s what’s called a universal law. So a man made laws a speeding limit or something like that. You and I can break it and then unless we get caught we don’t pay the price.
00:28:22:15 – 00:28:39:01
Chris Snook: Universal laws something where it doesn’t matter if we’re rich good looking ugly fat skinny poor broke. Genius. You know say it doesn’t matter who we are if you violate the law gravity and you’re up high enough you’re dead.
00:28:41:14 – 00:29:01:07
Chris Snook: Or you’re rolling ankle or blown out of knee or something. Because the law of gravity treats us universally the same. And the law of gravity is one of several universal laws but it’s the one almost every one of us doesn’t have to think about we understand what it is. Well another law called the law of clarity says that you can’t have a left without a right.
00:29:01:09 – 00:29:15:00
Chris Snook: In other words you you and I there’s two sides everything you know can’t no up without down. So if you’re looking for what’s right about this or what’s wrong about this interview you’ll be able to find it because you can’t have what’s right about it without also understanding what Chris forgot to say.
00:29:15:21 – 00:29:28:26
Chris Snook: Yeah so if you know if you take this having the troll culture or Internet culture right. Every little trolls you can’t have someone be great and not have people trashing. It’s like you can’t have people think someone walks on water and not even think they’re the devil.
00:29:29:06 – 00:29:56:00
Chris Snook: They cannot exist. So you can’t have come of it and have it be a curse without it simultaneously being a blessing somewhere. Yeah. If I say that let’s say it through that lens the blessing of Cobain is that it is universally hitting us all. And there has never been in our lifetimes or any of the generations that are living my parents or your grandparents right. Maybe there depending on how old they were when they had you.
00:29:56:07 – 00:30:01:25
Chris Snook: There has never been something that has shut the entire world down ever.
00:30:02:05 – 00:30:02:20
Richard Carthon: Yeah
00:30:04:03 – 00:30:21:11
Chris Snook: I mean for that and that is like that if you just sit with that for a second you realize Wow. So why is this different. Well because it is truly honest capable. Like Jimmy Fallon is doing TV shows from his condo.
00:30:21:14 – 00:30:32:05
Chris Snook: There is no class of people or rank of human beings. That is not equally impacted by this. Sure they might live in a better house and someone else. Sure
00:30:32:07 – 00:30:38:27
Chris Snook: Sure they might have more money right but they’re constrained and their and their fear is similar
00:30:41:01 – 00:30:43:13
Chris Snook: and so it’s a common enemy.
00:30:43:22 – 00:30:50:20
Chris Snook: And it’s also a common opportunity and so I think that you know when we look at stats like half a billion people are going to be forced into poverty.
00:30:51:26 – 00:31:18:02
Chris Snook: That’s just one stat that’s a shock stat that’s a click bait stat right. Because you can really hope we’re not looking for bad news. Me find it there it is. You’re also got one point four billion people being forced to school at home between you know K through 12. Yeah. Not counting universities one point four billion people forced from zooming or forced from learning remote doesn’t mean that they want to stay that way.
00:31:18:04 – 00:31:28:00
Chris Snook: But when you think about all the things like home school when you think about disrupting education when you think about the exorbitant price and lack of value of higher education in most cases
00:31:29:15 – 00:31:32:00
Chris Snook: I’m not gonna pick on any universities I will name.
00:31:32:02 – 00:31:36:26
Chris Snook: I will name one that that has got a tremendous value because it’s easier to name one that suits up right.
00:31:36:28 – 00:31:41:10
Chris Snook: But when you think about how many schools are charging 25 30 40 K year and they’re not Harvard
00:31:43:25 – 00:31:53:15
Chris Snook: like and I’m not saying Harvard I’m just saying it’s not so right and everyone knows a lot of student debt your whole generation is part of student debt right. And so.
00:31:54:03 – 00:32:02:26
Chris Snook: So you know when you think about these numbers one point four billion people forces home all sudden that makes everybody reevaluate the value prop
00:32:02:28 – 00:32:15:06
Richard Carthon: right in even the concept of money and I think this is a good transition where oil is trying to bring this was like You know you brought up a really interesting conversation about a 25 year old in 1980 versus a 25 year old right now.
00:32:15:08 – 00:32:34:12
Chris Snook: Oh yes. He touched on that real quick and I’m not sure I’d like to go deeper on that because that’s one of the slides we flew past on the other thing so let’s spend a little time there and we’ll go to the other. That’s perfect diet. It’s a great segway because I get the rest of the stuff if they watched the other video. So if you’re here to study I’m just forget forget if you are you’re 26.
00:32:35:25 – 00:32:46:19
Chris Snook: If you go back a generation not even my generation you go to baby boomers. Right. They were 26 in 1980. Now why does that matter
00:32:47:05 – 00:33:00:23
Chris Snook: When you’re 26. What are you thinking about. I’m not going to tell you what you’re thinking about I’m asking. So let’s broaden this. What are you thinking about right now. Why are you doing this podcast why are you wanting to learn from people like me or whomever or your audience. What do you care about. What are you worried about.
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