Global Trade This Week – Episode 127
What’s going on in Global Trade this Week? Today Trade Geek Pete Mento & Doug Draper of Inland Star Distribution cover:
3:30 -Cargo Theft is up 56% This Year
10:55 -Norwegian Tanker Attacked, Despite No Clear Ties to Israel
15:04 -Halftime
24:16 -Walmart Adding Parcel Stations for Faster Delivery
28:11 -Global Trade to Shrink by 5% According to the UN
https://unctad.org/news/global-trade-expected-shrink-nearly-5-2023-amid-geopolitical-strains-and-shifting-trade
https://unctad.org/publication/global-trade-update-december-2023
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You're watching Global Trade This Week with Pete Mento and Doug Draper.
Pete Mento 0:11
Hello, everyone, and welcome to another exciting edition of global trade this week. I'm Pete mento. And with me as always is my courageous exciting eye candy Draper Draper,
Doug Draper 0:24
a man coming to you in my very black, bland. I'm looking behind me now. And it is 6:16am in the great town of Fresno, Colorado. And Pete, I have to get into makeup and get my hair dialed in this morning. So I've been up since like 4:30am to make this show happen. That's how dedicated we are to our to our listeners. The
Pete Mento 0:50
in print is not easy, Doug. I know it takes work. It takes work. But thank you for putting the effort in for the show today. I really do appreciate that.
Doug Draper 0:59
Yeah, yeah, I'm in the parking lot like this guy, our security guy and like is the alarm turned off? Because if if I walk in there and this place goes berserk I'm not sure what to do. So I'm in the parking lot trying to figure out how to get in. Nobody is here. But you know global trade must must for John. So trade never sleeps
Pete Mento 1:19
to trade never sleeps.
Doug Draper 1:21
Right and never sleeps. That shouldn't be our new tagline. Well, that. You know what? We'll ask Keenan to stick that in the show somewhere trade never sleeps. I like it. She never
Pete Mento 1:30
sleeps. And neither do we. Not a global trade this week. Far too much happening in the world for us to ever take a break, Doug. Yeah, exactly. My sarcasm has not dripped through that last line. Yeah, but we got some great topics this week. lots happened. And I wanted you to go ahead and kick it off.
Doug Draper 1:48
Awesome. Well, I'm going to kick off with a thank you this morning. I was you and I were down at the Tampa conference last last week in Boca. It was great. So a couple things the concept of old people in Florida during the winter, it is 100% accurate. I walked into a restaurant and pull the median age down quite a bit. But the other thing, speaking of tap up again, appreciate Cindy Rosen for making it all happen. But the one thing Pete I was new to the event you're not is the collaboration. People are not trying to sell each other with their services or position or angling or whatever it was true partnership because you know, cargo security and cargo. Crime is a big deal and affects us all. So it was noticeable on my front, which makes it a good conference. And so shout out to those to those folks. That was good. I enjoyed that town
Pete Mento 2:44
tapper rules did and they're so supportive of the show so supportive of us. I can't say enough and I go to most of the tap events every year have been a couple overseas as well. They are spectacular. So if you are involved in any way with Carver security CT pat a Yo, you need to get engaged with tappa need to get your company to be a member and do everything you can to embrace all the things that they do to make it a more secure supply chain around the world. They're wonderful. Yes, well,
Doug Draper 3:13
you know, the trade never sleeps. Trade never sleeps, right never sleeps. So anyway, excuse me, I want to give that shout out. But the topic we spoke about it, we did a live show on stage, which I think was pretty well received. But so I'm going to take a little page from that. And the two things is that, number one, any statistic that you hear about cargo, just assume it's going to be much higher, the reality is much greater because people and companies are and it sounds crazy. But this is human nature embarrassed, right that their stuff may have been tampered with compromised or stolen. No offense to insurance people but the fact that you have to pay insurance and premiums and the potential impact some of the minor theft goes up on on reported. So but the big thing there, Pete is that all of the cool technology when you and I have been talking about the Digitation and the artificial intelligence and how it's going to, you know, move documents quicker and automate things. The crazy thing is that the bad guys are engaging with that as well. And the one piece I wanted to share with with the audience is that the concept of let's wait for a trailer to be parked at a certain location and let's hijack it is certainly still out there. But the next level of that was strategic cargo theft, and the ability to monitor monitor what's going on and change and manipulate documents is unbelievable. I mean, literally Pete There are nerds in basements. Working the system like a video game, right? You can fake somebody's identity. You can go in there with a bogus truck, and all the documents you can forge through to Technology, you pick that up. And then the interesting thing is they blend it in. Right? The movement of the cargo from point A to point B, there's enough true, honest to goodness law abiding carriers that are grabbing the freight. So they can up with a carrier that said, their identity stolen, and then they'll move it to a dock and translate it potentially splitting the cargo. And the folks that are taking those that split cargo from the cross dock are legit people. And how do they know they're just getting documentation and email traffic and direction from the dishes made up? Communication, and it's just some kid work in a computer, right? And so they've created and then those two, they split the cargo and they may take it to a dock, oh my gosh, this is a redelivery or we need you to take it to a different dock where that is fraudulent. And so the pervasiveness of this and the technology is enabling it to happen more and more. And so that's a chase in a ghost. That's not some people or group of people that are waiting for a truck to park to get hijacked. This is like a whole nother level and the technology is getting better and better and better. And one of the breakout sessions was just about how you how they can manipulate our voices, right? So you can have conversations with people that you may know, that sounds exactly like the person that's providing directions, and it's all being controlled by fraudulent people. And, and it's, it's crazy. And the thing about that, because they're This is my last point is that because they're engaging, honest, hard working carriers, if the ship goes down, they can just cut the tie. And they can sever the communication path that they've created. And they just walk away. You know, it's kind of like a, you know, an Ocean's 11 movie, where they're just like the gigs up, let's just, you know, walk away from the situation, and nobody knows any different. So I was concerned that this has happened. I mean, it just, it's a big deal. And it's gonna get worse and worse, maybe the right word, but the technology that you and I are stoked about, that's going to make life easier for the good. The good of the industry and everything else is the bad guys are still using it. And it seems like they're always one step ahead. And so cargo theft is increasing. There's all kinds of statistics, but it's pervasive, and it's not going away. And the technology that's helping us is also helping the bad guys out there. And it was eye opening up to the level of what's happening.
Pete Mento 7:37
Yep. Yeah. You know, there's a couple of things I wanted to mention about that, you know, our good friend, my good friend, Nate white, had that whole presentation about AI. Yeah, and the incredible, I'm almost uncomfortable ability. It made me feel real creepy, you know, that someone could take all these free tools, essentially. And do the things that that he showed us, creating fake pictures, creating fake documents, creating voices, like you said, videos, right? Just how easy it was, he made me feel like you and I could hang out in the basement and probably pull off a hell of a cargo theft, using a bunch of you know, free tools. And we're not the most technologically savvy cats in the world, right. So that that freaked me out. And the second one was, you know, the statistic that kept getting thrown around cargo theft is up 56% over last year 56%. And name another part of our industry, where you can say like, a 50. I don't even think rates are down that much are they you know, like, that's a massive number. And how that's not on the front page of the JLC every week or American shipper. It was it was an incredible number. And those guys, those men and women that were at tap up, you know, the stories that they'll tell in public, the stories that they'll tell people in confidence. They're incredible. The level of sophistication, the level of creativity that's being used by the bad guys, is so advanced, the the work you have to do to stay a step ahead. And what I loved about tapper, what I love about PCSC what I love about HDA is they know that they're stronger together, and collectively, they can probably get a step up on the bad guys. They talked a bit about Cynthia Cynthia Hetherington, who is one of my top 10 favorite people in the entire Earth, regardless of our industry, the work that she does on dealing with the dark web and in working through social media and using technology to uncover really horrible things. There are good people out there that are doing the things that need to be done in order to try to make the supply chain more safe. And the last thing I'll say is, is a gentleman who is he is pivotal right to cargo secure His name is Chuck Forsythe. He's at HDA. He, I give him a lot of grief. I do. But it's because we're we're very old friends, and that the things that he's seen the relationships he has bringing everyone together, you know, for PCSC. And being able to sort of be that that pivot, where everyone can reach out to him to get help. And he's he's just a non judgmental connector of people. And really, that was the most impressive thing that I saw, whether it was law enforcement, service providers, or shippers. Everybody was there to not just collaborate, but to share ideas, and to look for ways in the future to work with each other in case something happened. They're not going to be victimized. It's it, we need more of this, whether it's trade, compliance, transportation, we need to find ways to collaborate, because if we do, we're going to make this a much better industry.
Doug Draper 10:51
Yeah, great. All right, man. What's your topic? One?
Pete Mento 10:55
Yeah, topic. One is a continuation of another another conversation that we had, I'm going to pull up the name of the of the vessel. You know, last week, those in the region flagship, it was called the string NDA, that was attacks in the Red Sea. And this is a bit of a diversion from what we'd seen before where it was only Israeli owned vessels that were being attacked by the Hutus. Now, all trade is probably going to be affected. This has nothing to do with the nation state of Israel. That's nothing to do with Israeli ownership, it has nothing to do with any of that. They just went after a ship that happened to be, you know, approachable, and they could do something about I can't stress enough the geopolitical backlash, that could come from continued attacks on these vessels in this particular part of the world. And what it could mean for insurance, what it can mean for rates, if people feel it's just too dangerous to transit that, that part of the world, and what's going to be for shipping times, you cut, you cut the time from Europe to Asia and half back and forth by using that, that canal. And if we decide it's just too dangerous, it's going to jack up rates, it's going to jack up transit times, and it's going to have a real negative impact on our industry as a whole, particularly about predictability. And it's cheap to do doesn't take a lot of work to try to be a nasty person and attack one of these vessels, we have to do something as a global community to put more security in that particular part of the area. And it can't just be the United States. I know the French are sending ships now as are the British, but it's gonna take a lot more than that to secure that ceiling, buddy.
Doug Draper 12:36
Yeah. Yeah. And I think under the guise of the Israeli war and Ukraine war, what's going on there? I think that there's, you know, the bad actors so to speak, are using that, right, like, like you said, at the very beginning is, does it is it directly affected to the war? Indirectly, because it's like, hey, look, over here, look what's going on, while I'm while I'm, you know, taking this, this, this cargo theft. So, I don't know why people and we spoke about this on a previous show, directing traffic into it, it's almost like, like sitting ducks, you know, we had some, we had some type work for folks because of the Panama Canal, and the weather situation, and the locks slowing down, and you got to get in line. And if you don't book an appointment, you know, like a fancy restaurant in downtown LA, you're not getting in, and some people like screw that we're just going to, you know, give it a shot and go through the Suez Canal. And so it's almost like sitting ducks to some degree and the folks that are not going to participate. I'll tell you what their transit times are going to increase in predictability that you made mention of give me visibility, let me understand what my cargo is. And I can manage it. The unknown and what's going on. Is, is what a super detrimental, so the the redirection of those vessels, the longer transit will certainly have a ripple effect. And I think it will ripple effect all the way down to you and I as consumers.
Pete Mento 14:01
Yeah, it's a it's an industry that that craves predictability, we need it. It's a big part of this on time stuff. What really gets me about these attacks is, you know, the the teacher in international relations classes, a terrorist or a rogue state just has to not lose. They just have to not lose. If, if they win, great. But if you can continue to get someone to keep taking them seriously, and continue that war to go on. All it's going to do is create more people trying to fight on their side. And they can continue to pester the shipping lanes. And this is a great example of that. It's just some drones and time and very little expense. And you can continue to lay waste to one of the most important trade lanes in the world with devastating economic effects without a whole lot of money and a whole lot of people. I think we're a little too comfortable until All too confident and just how secure global trade is. Yeah, for sure.
Doug Draper 15:04
All right. Well, that brings us to halftime, brought to us by Capitol logistics. Again, I always say that you and I wouldn't have the soapbox and the fun time that get together every week without those guys. So visit cap logistics.com When you can to learn more about those services. So you don't like your topic. Anyway, let it rip. Yeah,
Pete Mento 15:23
so we're starting to see the cyber truck from Tesla. It's out people are receiving their, their copies of them, their versions of them all over social media. So trucks are a special kind of, of car freak. And being a Texan living in New Hampshire as well. I can tell you, I know a lot of people that are super into trucks, and ended up modifying them, making them faster, making them bigger, all those things. The cybertruck has become a polarizing vehicle. Amongst that particular sect of folks, there are people who, for whatever reason, political aesthetics, they hate the thing. They hate it. And then there's video after video of it just smoking Ford lightnings and all these other modified cars, I mean, just destroying them. And I guess the really fast ones aren't even out yet. So what's your take on the cybertruck? Do we like it? Do we not like it? I I don't like it for aesthetic reasons. And because I have a hard time thinking I'd be able to put you know, 500 pounds a cow shit in the back of it and feel like that's what it was made for. So for me, it doesn't feel like a pickup truck. It feels like something that Elon wants to make sure we have from Mars.
Doug Draper 16:35
Yeah. Oh, 100% agree the practicality of that truck is almost zero. And I think what's gonna happen is if you see it, you're going to be like that bad guy or gal on that truck is an asshole. They're just throwing money so they can have the latest and greatest right I get it's fast. I've seen the video when it was launched last week when muscles up there, you know, channeling and Steve Jobs. best efforts, but yeah, I don't get it. You know, it's it's the practicality is zero. The aesthetic value, as you said is zero. And I don't know who would purchase it less. You're just trying to show off in some statement. Hence my comment about the driver a second ago. Yeah. Well,
Pete Mento 17:22
Doug, to be fair. And I say this a lot about Tesla's and pulsars. And all these. I don't think they're being marketed or designed for guys like you and I. Yeah, I think they're being marketed and designed for another generation. And what they want to see in cars, you know, the interior is so stark, and unappealing to me, it doesn't feel like something that my grandfather would drive around with, you know, with a loaded pistol and a bottle of whiskey in the seat next to him. It's just not, it's not, it's not a truck that a farmer would want. And, you know, we have those sorts of roots. So I think it's for, you know, it's for these guys that buy that Lamborghini SUV, and for people who are buying those sorts of cars, I love the rivian truck, it looks like a truck. It's drives fast, and it's comfortable. But it still has the practicality of a regular bed and all that stuff. So, but I don't think they're being made for us Tesla, than you and I've disagreed about this too. I I'm blown away at the technology and the things that they can do. But from an aesthetic standpoint, I'm still a car guy. And I want my car to look like something you know, sexy and tough and sometimes scary. In these trucks in these cars, they just don't, which is why I'm not there yet. Now. Put one of those engines in a 911. Or, you know, slap one of those bad boys in a big Dodge Ram 1500 We can have a talk. Yeah, we can
Doug Draper 18:44
talk. Yeah, I don't expect any shotgun racks in the back of the window.
Pete Mento 18:50
What's gonna do it buddy, somebody in Austin, somebody in Texas is absolutely going to put a gun rack in the back of their cyber truck. I'm gonna search the internet for that because someone probably already has.
Doug Draper 19:01
For sure. Well, I came across this Pete while I was joking with you guys, when I'm out here in Fresno. I seem to watch a lot of Fox and Friends when I come out here and there was a comment made the other day about this new republic that's not new. But there's this republic outside of Marino. It's called Molossia. Never heard of it. It's been around since 1977. It's a sovereign independent nation within the territory of the United States. You know, is it a real place? It is like 11.3. I'm looking at some of the stuff right now. I'm talking to you. 11.3 acres, right. It's in Southern California. Well, it's it's kind of right outside the border of Reno on the Nevada side. You can't become a citizen because there's no more room. Right? You can't be a full resident. They don't pay taxes. but they provide a donation to the nation state of the United States. So they kind of are paying taxes. There's one guy, which is quite a character. I think they have the population at like 11 plus two dogs. And it is like in the middle of nowhere, there's no paved streets. It's it's like a compound out in the middle of nowhere. And they there was a press release they did a couple of months ago, where they just raised money to repair their railroad system. And they got a picture of it. And it's a frickin model train. If you go to MMA last year.org, right, because it's not a.gov it's a.org. But so not only is Molossia kind of kind of strange, but it reaffirms the fact that people in Northwest Nevada are whack jobs. Right? And I apologize. But Pete, as you know, I'm usually in a collared shirt. But since it's so early in the morning, you know, of the two of us who's been to Burning Man, it was me. And that whole Burning Man is just right up there in the Black Rock Desert, and the whole nine yards, but it's a whole nother world out there in in northwestern Nevada. And when I saw this thing on the last year, I was like, yep, if there's one place that that place that that fits the United States, that's exactly where it is. Because I don't know there's a magnet or a draw to some strange people that want to move there. So anyway, malassezia.org the shout out so maybe I can be an ambassador and get paid $0?
Pete Mento 21:37
Yeah. So this, this cracks me up dug in. What's unfortunate about I have had to do a lot of research about this. Because many of these countries have tried to establish themselves as free trade zones. You know, there's a lot of questions about taxation for for highly dutiable goods and selling them out of there. I had a friend of mine at grad school at Harvard, who was a member of the Iroquois nation, who did his master's degree thesis on whether or not the Iroquois nation could act as a sovereign nation with regards to trade and have their own free trade agreements. I mean, it, it's madness. But if you if you have time today, everybody, wiki right, so Wikipedia, go Google, the list of micro nations. There are hundreds, all over the place. One of my favorites is the nation of Sealand, which is basically an oil rig abandoned oil platform off the coast of the United Kingdom. If you're ever on Tik Tok, or Instagram or Facebook, and you see become a Duke become a duchess become a prince. Right? They do that. So for a donation, they will make you part of their monarchy. And they do they issued passports but I don't believe anyone accepts them. Like I don't think I think it's you and I flew to, you know, to Mexico for the weekend. They wouldn't take our Sealand passport. But yeah, the list is ridiculous. And some of my favorite names pal, the Grand Duchy of Avrom which is off the coast of Australia or it's in Australia. It was made basically as a tax dodge for one person. I mean, you gotta love that. Yeah, the province have been bungah. alarmed by the possibility of Australia becoming a republic, a monarchist, declared his farm and bum Bunga South Australia, as an independent state loyal to the crown of Great Britain. Like the reasons for why people did this aren't one of them. He wanted to be a polygamist, so he created his own nation. ones are just hysterical. Spend some time today reading about them and where they are, it will make you question humanity, that there's so many of these micronations all over the world now. Yeah,
Doug Draper 23:54
yeah, I can see the the passport thing. It's one of those sketch artists that you have at Disney, where they show up and your kids sit in a chair and they just scratch out their silhouette in like 45 seconds. Yeah, that's what passport looks like. And those micronations
Pete Mento 24:10
Oh, these are hysterical. Anyway. Yeah. That's the new for halftime force. So I guess we'll go on to the next topic.
Doug Draper 24:16
Yeah, yeah. So the next topic is a new service that Walmart came out with, and it's referred to as a parcel station, right? And they're testing it in 40 or 50 stores. And when I first saw this, I'm like, that's cool. It's a it's a mini post office where you can buy your stuff that you don't really need and mail it off to your niece or nephew. And so you buy it, you walk 20 feet, and you ship it out. So I had the initial concept completely wrong. It's it's literally a depot and a drop off point. So if you order a product, the whole concept here is to get the final mile delivery as fast as possible. So it may take a day from a DC to get to that store, but they can pull it in from that a parcel station, and using their network of independent and, and drivers like you and I to to make that final delivery, you know, within, you know, hours, sometimes within 30 minutes. And so the whole concept of getting the final mile closer to the end consumer, Walmart is embracing it, they're aggressively going after it. So there's four dates in the usual markets, you know, the big city markets, Southern California, and in Dallas and Atlanta and those kinds of things. So, I like it, it shows that the consumer has morphed from, Hey, I like being a prime member, because I can get free two day shipping to just expedite and quicker and quicker and quicker. And the demand and the expectation to have that final mile. And the instant gratification of buying the crap that you don't really need. Is is prevalent, and Walmart's embracing it and I'll give them a little bit again, a little shout out that, you know, it's it's not necessarily novel, to have a drop zone in a Walmart store. So you're closer to your end consumer. But I get it, and they're actually trying it and they're approaching it a little bit differently. So anyway, caught my attention. I thought I wanted to bring it up on today's show. Yeah,
Pete Mento 26:17
I am going to start my comments by saying simply, I will never bet against Walmart ever, ever have this massive footprint. They have a continued history of Blazing success when it comes to the retail industry. And I think that people sleep on them when they come up with innovation, and that will be to their detriment. So in this particular instance, first of all, Doug, I'm shocked. You didn't come up with some acronym like bulbous for this.
Doug Draper 26:44
I was thinking about it. I'm like, I'm not going to come up with some half assed acronym. It's gotta be powerful. And so I did think about it, and I couldn't come up with a good one. Yeah.
Pete Mento 26:53
Every ecommerce company, Amazon, Wayfair, Alibaba, they all want physical retail. And it's, it's so expensive to do it. It's hard to establish yourself, Walmart has it. And I think this is an extension to the fact of focusing on what they're better at than their competition. And using that as a lever to continue to grow in that market of E commerce. And I think eventually, it's going to turn into you know, you and I are at a Walmart, picking up a fishing lures and bait or whatever. And remember that our daughter wanted something and be able to say, I'm gonna buy this here, I see it, I physically see it, the shopping with that, that tactile feel, and then being able to turn that into a fast final mile delivery the next day for that other person. So it's shopping in person, but delivering it in an E commerce fashion to someone else. I think that's going to be something that Walmart's gonna do better than practically anybody else.
Doug Draper 27:53
Yeah. Great. Great. So I like your comment about never, never bet against Walmart. It's kind of like no, nobody ever got fired by an IBM.
Pete Mento 28:02
Yeah, they've got the money. They've got the footprint to do some real damage. And I think this is this is a great salvo. And that continued war with Amazon. Yeah. Cool. All right. Second topic. I was excited last year. I'm excited this year, the UN's report on global trade from the department of the Conference on Trade and Development, UNCTAD? Well, yeah, they've come out with their established analysis for next year and guidelines. Statistically, you gotta read the whole thing, folks. Got to read the whole thing, right? You got to sit down, I guess. I don't know, take an hour off. You have to drink some coffee. But you gotta read the whole thing. And there was a real mistake that's being made with the press. So the press is saying global trade is probably going to contract 5% next year. That is terrifying. Right? Just 5% is like walk in for this usual sunshine and roses and puppy dog kisses group to say 5%. That's big. If they would have said one or two, you've been like, oh, but five. Wow. But the the lead that they buried is that services will be down around 3%. But goods will be down around eight. So So UNCTAD is, you know, they're saying that we can expect global trade in goods to be 8%. Down globally. That that's incredible. That's incredible. And these are people that almost always sandbag their numbers. They almost always under under predict where they think they're gonna go. I will not be surprised if the global goods expansion is 10% or higher next year. Based on that. And me we all know it's bad, but I think 2024 may go down in our lifetime as one of the worst years for True.
Doug Draper 30:01
Wow, that's a bold a bold statement. And first of all, when you said untag, I thought you sneezed. And I was about to say xintai isn't? Yes. You know we we've talked about this in the past is that the economy, the world economy is two things, goods and services. And during COVID goods went berserk, right. And we always use the peloton as the example. People were buying stuff, right. And then when when the pandemic broke, people wanted to have the experience economy, they wanted to go out to dinner, they wanted to take the vacation that got canceled. And my personal take on Pete is that people are like, that's pretty good way to live your life and going to visit family or taking experiences and going places. It's impacting, it's meaningful to individuals not to go down to a touchy feely point here. But I think what we're seeing to some degree, is consumers are like, I don't need that thing that I was gonna buy and stick in the corner that I that I put in the garage sale the next step the next summer, but they're saying experiences and the service economy and having those types of things has value mentally has value and all the crap that that we buy that we don't need that you so eloquently say time and again. I think that's this is a tangible reflection of that.
Pete Mento 31:21
I agree. Yeah. And it's a manifestation of it. I think also the no matter what anyone says the amount of inventory still sitting in warehouses is problematic. So I think this is the year we start seeing fire sales on retail with a down economy, with people's credit just jacked up, and there's not a lot of money that's going to be floating around on the credit side. And creditors are a little unwilling, or a little tentative to give out more credit to consumers. So you have to see prices come down. And hey, hey, you know, inflation just went up point 1%. That's all over the month before so I guess everything's better duck.
Doug Draper 31:59
Life is good. Life is good. All right. Well, we'll wrap it up. So one thing Pete that we spoke about is that next week is the 2024 prediction show. We're going to drop that we're going to be back in the saddle. So we're going to do that a Monday. Last year, you had like nine predictions, and I had three, right, so we'll have two. That means I hedge my bet. So I'm not as wrong if my predictions don't happen, but I'm excited about it. I already got a couple of things noodling around. So the prediction show for 2020 for everybody's happens next week. We hope you tune in, and we appreciate you tuning in this week and all weeks to listen to our show and our banter. Yeah, we wouldn't be here without without our listeners. So
Pete Mento 32:41
you know, your couple of your couple of predictions against my crap tons of predictions. The best way I can describe this as you're like Peyton Manning, okay, you're, you're gonna you're gonna take the low percentage safe ones out there, feel real confident in them, and you're not going to be a gunslinger. I am Brett Farve I sprayed the field like a psychopath with every idea that I've got. Okay, so I'm your Brett Farve against your Peyton Manning here. Granted, Peyton Manning is definitely had. Let's face it, who was more fun to watch? Who was more fun to watch, buddy? The Maniac. I'm going to bring some crazy crap next week. You guys just wait. All right. One more thing. For our listeners, there is a movie on Netflix called Oh, just give me a second. Just give me a second, folks. This is going to be worth it. I promise you. It is called. Oh, hold on, hold on.
Doug Draper 33:42
I think I know the movie.
Pete Mento 33:44
The movie, leave the world behind. Ya know, I know. I know that I give a lot of movie recommendations. But all of you have Netflix. You can watch it at home. It's a solid 90 minutes, no problem. But if you want to know why I don't sleep a lot and have like explosive diarrhea over cargo security and cybercrime. Check this movie out. It is probably one of the best done from a visual perspective, explanations of what would happen if we had a catastrophic cyber event that you're ever going to see. If you don't want to run out start buying canned peaches and ammo after watching this thing. You're not paying enough attention. So leave the world behind Julia Roberts, Kevin Bacon. Ethan Hawke. Fantastic film. Yeah.
Doug Draper 34:31
And I think Obama had something to do with it. Right. He's a producer producer,
Pete Mento 34:35
which means that he just put that on. They put his name on it as part of his What is it $50 million Netflix deal that he had. So him and him Michelle are both on it. Nice.
Doug Draper 34:44
Good deal. Good way to end the show. Thanks for listening, everybody. We will catch you next week on 2024 predictions. Bye bye. Take care of my man. Thanks, buddy. All right.
Transcribed by https://otter.ai