Taken from JRE #2043 w/Francis Foster & Konstantin Kisin from Triggernometry:
https://open.spotify.com/episode/1JHb9N5Kqha1wPUc2cV2Gu?si=110534b15aa942b4

All they have to do is have a good headline.

The inside of it can be nonsense and they can even show you in front, right in front of your face, why what they're saying is incorrect and it doesn't matter.

And then they all bitch and whine and then they go, why is no 1 watching our content?

Well here's the wildest 1 that's going on right now.

You know the Mar-a-Lago controversy of the pricing or

The judge ruled that it was worth $18 million.

It's 20 acres in like the most expensive real estate in that area, a house down the street from it, much smaller, just sold for $50 million.

Even if Forbes said it's worth somewhere between, see what Forbes said, I think they said it was worth between $300 and $700 million.

They were saying that it's worth $18 million.

It's like they don't even try to pretend.

If the guy says this house is worth a billion dollars, right?

And then you come along and say, no, no, no, it's worth like 800 million.

Forbes says it's worth as much as 700 million.

But if you say 18 million, like you got to know, that's a palace.

You can't do that That's like too obvious that you're just you don't give a fuck about the truth.

you don't give a fuck about the truth He claimed it was worth 1.5 billion and latest plea to drop fraud case, but judge ruled.

It's wildly inflated Yeah, but the judge does not have an accurate sense of the market, in my opinion.

It's just that the property size alone, it's such a giant chunk of property.

So that says it's worth somewhere about half a bill, right?

So he said, the judge was saying that it's worth between 8, 0, it says, okay, citing an appraisal report from the city of Palm Beach that pegged the value of Mar-a-Lago between $18 million and $27.6 million between 2011 and 2021.

Okay, so it was $18 million, and now it's worth, because of inflation, $27 million.

$325 million, that's how much Forbes estimated Mar-a-Lago is worth as of September.

All the way peg its net value at $292 million after deducting roughly $33 million in debt.

So I think what they're saying the scam is, is you wildly over-inflate a piece of real estate.

Again, I don't know jack shit about real estate

think what you do is you say I got a house worth a billion dollars I need a loan Based on this billion dollar property right now, but if then they send an appraiser to say hey But just house worth 18 million then you're like, oh, So now you really you got a loan, but you got a loan based on something that's not really worth is So I think they're collateral or whatever it is It would the reason why they would give you That much money doesn't make any sense.

but clearly that can't be accurate if you're seeing pictures of that fucking place Yeah, show some photos of Mar-a-Lago If that was 18 million dudes would be buying them every day,

That would it would last 3 seconds on the market before Somebody bought it people would just be calling up the phone lines would get jammed.

Favorite thing about the whole speech is he talks about himself in the third person.

And the inside of it is all like, look, click on that photo of Trump there with its chandelier.

I mean look maybe it's me being a Brit, but I look at it go It's a bit fucking much that

That looks like something out of a Russian Tsar's house.

That's what I want Trump's house to look like.

If Trump lived in some bullshit fucking log cabin, I'd be so disappointed.

Trump lived in like fucking John Dutton's house on Yellowstone.

So those little houses around there are selling for like $30 billion.

Like that's crazy expensive property there.

To think that that's only worth 18 million to 27 million, that seems a little insane.

You know the thing that always gets me, man, is like, you're reading the mainstream media and they criticize our podcast and your show and then they go, These people spread misinformation.

I'm like, mate, what are you talking about?

You've been spreading misinformation from day 1.

It's like getting a lecture on dating from Ted Bundy.

Yeah, it seems crazy for them to keep harping on that at this point.

It's like, don't you know about the internet?

People have made, they've made like compilation videos of you guys being wrong over and over and over and over and over again, and you've never apologized for it.

I mean, whatever you want to talk about, whether it's the Russia collusion thing or the saying the dangers of Trump denying the election, then you show like how many people denied Trump's election.

Hillary called him an illegitimate president.

If you think that's dangerous for him, then it's dangerous for you too.

And we should all acknowledge that we should try to figure out a way to make the elections as fair as possible.

My real fear is that not everybody's on board with that.

I would love to believe that everybody on the right and everybody on the left just wants a fair battle.

And they just want to be able to speak their mind to the public and have the people choose.

And that we would like to encourage all Americans to vote.

Everyone should just get informed and go out there and give your opinion and let's see how the country feels.

But I don't know how much shenanigans is going on.

You know there's a little, you know there's a little collusion between, you know, social media companies.

That's kind of scary that you would think that what you believe is so important that you're willing to manipulate an election.

It should scare us, because it's like, man, they could use that on you.

I mean, we could have this, imagine if there's like, we have this fucking amazing person who's running for president, and like, finally, all rational people in the center, people that are rational on the right and the left agree that this person has the country's best ideas in mind, and we've made awesome progress with the way this person is communicating with everybody, and it seems like they could really unite us.

Somebody comes in and just manipulates it, doesn't like the idea of some new person taking

like the idea of some new person taking charge doesn't like some night the idea some radical Thinker who wants to try to make things as good as possible for the whole country And that Maybe there's a way to do that and they get fucked by some establishment spokesperson Because they know how to manipulate the system

And look at the thing the people that rise to the top in the current system in your country and in ours I mean the idea that these 2 people whoever they end up being if it's Biden and Trump Let's say These are the best people out of 320 million fucking people?

Well, the thing about Biden is he's already won, right?

only makes sense that he runs for president if he's physically capable of doing that.

The thing about Trump is there's, you know, the narrative that he and a lot of his followers put out is that the election was rigged and that, you know, he should be the legitimate president anyway and no 1 else is, no one's voting for anybody else.

Like these hardcore Trumpers, they're gonna go all in on Trump.

So it's like, okay, how else could it be other than Trump versus Biden?

Unless they arrest Trump, unless they figure out a way to make some of these charges stick.

And here's the thing with Trump, you know, to him, this is no longer a presidential race.

To him, this is existential, because this is probably the only chance he's going to have of avoiding jail.

So you look at it like that and you think Trump is already a guy who, let's put it bluntly, or mildly, will do whatever it takes to win.

And if you put a guy like that and you say the only way that you're going to avoid jail is to win the presidency you're already notching it up a few ratchet when it comes to Making the atmosphere really toxic

and you can play that argument the other way I mean in terms of Biden and the investigations that are happening Donald Trump gets elected.

The Biden thing is fascinating to watch people to ignore it.

Did you see Noam Dorman's interview with that guy?

You never saw, oh man, it's Noam Dorman from the Cellar, from the Comedy Cellar.

He had a guy on his podcast who he built up as like the most sane Guy who says that the hunter Biden thing was a nothing burger and they went round for like an hour and the guy just would Not it was the craziest thing that I've ever seen.

Yeah, so when Noam essentially corners him and goes, no, no, look at this, look at this, the guy just, he just, He wants to leave.


Speaker 0: The Jorogun experience.

Speaker 1: All they have to do is have a good headline. The inside of it can be nonsense and they can even show you in front, right in front of your face, why what they're saying is incorrect and it doesn't matter.

Speaker 2: And then they all bitch and whine and then they go, why is no 1 watching our content?

Speaker 1: Well here's the wildest 1 that's going on right now. You know the Mar-a-Lago controversy of the pricing or

Speaker 0: the inflated value of the house?

Speaker 1: The judge ruled that it was worth $18 million. It's 20 acres in like the most expensive real estate in that area, a house down the street from it, much smaller, just sold for $50 million. Even if Forbes said it's worth somewhere between, see what Forbes said, I think they said it was worth between $300 and $700 million. They were saying that it's worth $18 million. It's like they don't even try to pretend.

Why does no 1 trust the mainstream? If the guy says this house is worth a billion dollars, right? And then you come along and say, no, no, no, it's worth like 800 million. Forbes says it's worth as much as 700 million. We'll call it 700 million.

Now you got a reasonable argument. Yeah. But if you say 18 million, like you got to know, that's a palace. The place is a palace. It's 20 acres And fuck out of here.

This is great. You can't do that That's like too obvious that you're just you don't give a fuck about the truth.

Speaker 0: They don't

Speaker 1: you don't give a fuck about the truth He claimed it was worth 1.5 billion and latest plea to drop fraud case, but judge ruled. It's wildly inflated Yeah, but the judge does not have an accurate sense of the market, in my opinion. It's just that the property size alone, it's such a giant chunk of property.

Speaker 0: So that says it's worth somewhere about half a bill, right?

Speaker 1: Is that what that's- No. So he said, the judge was saying that it's worth between 8, 0, it says, okay, citing an appraisal report from the city of Palm Beach that pegged the value of Mar-a-Lago between $18 million and $27.6 million between 2011 and 2021. Oh, right. Okay, so it was $18 million, and now it's worth, because of inflation, $27 million. $325 million, that's how much Forbes estimated Mar-a-Lago is worth as of September.

All the way peg its net value at $292 million after deducting roughly $33 million in debt. Okay, so it's got debt. So I think what they're saying the scam is, is you wildly over-inflate a piece of real estate. Again, I don't know jack shit about real estate

Speaker 2: All

Speaker 1: right, just

Speaker 2: just but I

Speaker 1: think what you do is you say I got a house worth a billion dollars I need a loan Based on this billion dollar property right now, but if then they send an appraiser to say hey But just house worth 18 million then you're like, oh, So now you really you got a loan, but you got a loan based on something that's not really worth is So I think they're collateral or whatever it is It would the reason why they would give you That much money doesn't make any sense.

Speaker 2: Yeah,

Speaker 1: but clearly that can't be accurate if you're seeing pictures of that fucking place Yeah, show some photos of Mar-a-Lago If that was 18 million dudes would be buying them every day,

Speaker 0: right?

Speaker 1: That would it would last 3 seconds on the market before Somebody bought it people would just be calling up the phone lines would get jammed. Yeah, I'll take it sight unseen. I'll take it Yeah, 18 million. I mean even 27 million

Speaker 0: calling a 1.5 billion is a Trump thing

Speaker 1: Favorite thing about the whole speech is he talks about himself in the third person. The judge hates Trump. That's what he keeps saying.

Speaker 0: That is it. That's a nice house.

Speaker 1: It's a nice gaffer's job. Fucking palace, man. Look at that place. It's insane. And the inside of it is all like, look, click on that photo of Trump there with its chandelier.

Look how fucking beautiful it is inside

Speaker 2: Matt that is ridiculous. I mean look maybe it's me being a Brit, but I look at it go It's a bit fucking much that

Speaker 1: oh, it's a lot

Speaker 0: That looks like something out of a Russian Tsar's house. Yes!

Speaker 1: That's what I like about it. That's what I want Trump's house to look like. If Trump lived in some bullshit fucking log cabin, I'd be so disappointed. Trump lived in like fucking John Dutton's house on Yellowstone.

Speaker 2: What are

Speaker 1: you doing, bro? You should be balling.

Speaker 0: That's on brand, as they say. That's on brand. What a

Speaker 1: house, man. Look at the size of that property. So those little houses around there are selling for like $30 billion.

Speaker 2: Wow.

Speaker 1: Like that's crazy expensive property there. To think that that's only worth 18 million to 27 million, that seems a little insane.

Speaker 2: You know the thing that always gets me, man, is like, you're reading the mainstream media and they criticize our podcast and your show and then they go, These people spread misinformation. I'm like, mate, what are you talking about? You've been spreading misinformation from day 1. You know what I mean? It's like getting a lecture on dating from Ted Bundy.

You're like, mate, come on.

Speaker 1: Yeah, it seems crazy for them to keep harping on that at this point. It's like, don't you know about the internet? People have made, they've made like compilation videos of you guys being wrong over and over and over and over and over again, and you've never apologized for it. I mean, whatever you want to talk about, whether it's the Russia collusion thing or the saying the dangers of Trump denying the election, then you show like how many people denied Trump's election. Right.

Yeah. It was calling him the

Speaker 0: illegitimate president. Hillary called him an illegitimate president.

Speaker 1: Yeah. They said he stole the election. If you think that's dangerous for him, then it's dangerous for you too. And we should all acknowledge that we should try to figure out a way to make the elections as fair as possible. My real fear is that not everybody's on board with that.

That's my real fear. I would love to believe that everybody on the right and everybody on the left just wants a fair battle. And they just want to be able to speak their mind to the public and have the people choose. That's what I would like to believe. And that we would like to encourage all Americans to vote.

Everyone should just get informed and go out there and give your opinion and let's see how the country feels.

Speaker 2: Yeah.

Speaker 1: But I don't know how much shenanigans is going on. You know there's a little, you know there's a little collusion between, you know, social media companies. We know that now. That's kind of scary. That's kind of scary that you would think that what you believe is so important that you're willing to manipulate an election.

That scares you. It should scare us, because it's like, man, they could use that on you. I mean, we could have this, imagine if there's like, we have this fucking amazing person who's running for president, and like, finally, all rational people in the center, people that are rational on the right and the left agree that this person has the country's best ideas in mind, and we've made awesome progress with the way this person is communicating with everybody, and it seems like they could really unite us. And they get fucked. Somebody comes in and just manipulates it, doesn't like the idea of some new person taking

Speaker 2: charge, doesn't

Speaker 1: like the idea of some new person taking charge doesn't like some night the idea some radical Thinker who wants to try to make things as good as possible for the whole country And that Maybe there's a way to do that and they get fucked by some establishment spokesperson Because they know how to manipulate the system

Speaker 0: And look at the thing the people that rise to the top in the current system in your country and in ours I mean the idea that these 2 people whoever they end up being if it's Biden and Trump Let's say These are the best people out of 320 million fucking people?

Speaker 1: Well, the thing about Biden is he's already won, right? So he is the president.

Speaker 0: So it

Speaker 1: only makes sense that he runs for president if he's physically capable of doing that. The thing about Trump is there's, you know, the narrative that he and a lot of his followers put out is that the election was rigged and that, you know, he should be the legitimate president anyway and no 1 else is, no one's voting for anybody else. Like these hardcore Trumpers, they're gonna go all in on Trump. So it's like, okay, how else could it be other than Trump versus Biden? Unless they arrest Trump, unless they figure out a way to make some of these charges stick.

Speaker 2: And here's the thing with Trump, you know, to him, this is no longer a presidential race. To him, this is existential, because this is probably the only chance he's going to have of avoiding jail. So you look at it like that and you think Trump is already a guy who, let's put it bluntly, or mildly, will do whatever it takes to win. And if you put a guy like that and you say the only way that you're going to avoid jail is to win the presidency you're already notching it up a few ratchet when it comes to Making the atmosphere really toxic

Speaker 0: and you can play that argument the other way I mean in terms of Biden and the investigations that are happening Donald Trump gets elected. What is he gonna do that? They would argue that too, right?

Speaker 1: Yeah. The Biden thing is fascinating to watch people to ignore it.

Speaker 0: Did you see Noam Dorman's interview with that guy? No, I did not. You never saw, oh man, it's Noam Dorman from the Cellar, from the Comedy Cellar.

Speaker 1: Oh, okay.

Speaker 0: He had a guy on his podcast who he built up as like the most sane Guy who says that the hunter Biden thing was a nothing burger and they went round for like an hour and the guy just would Not it was the craziest thing that I've ever seen. I'll send it to

Speaker 1: you. Okay.

Speaker 0: Yeah.

Speaker 2: It's a journal from the Washington Post.

Speaker 0: Yeah. Yeah,

Speaker 1: yeah. And he thinks it's nothing. Yeah. Yeah. But when- Is he doing mental gymnastics?

Speaker 0: Yeah, so when Noam essentially corners him and goes, no, no, look at this, look at this, the guy just, he just, He wants to leave. That's it.

See all PowerfulJRE transcripts on Youtube

Dispute Over the Worth of Trump's Mar-a-lago