Name: Joe Rogan Experience #2474 - Dave Smith
Uploaded: 2026-03-26T17:00:32.000Z
Description: Watch the stand-up comedy video 'Joe Rogan Experience #2474 - Dave Smith' from PowerfulJRE on Comedy Buff. Published 2026-03-26. Transcript available.

Watch the stand-up comedy video 'Joe Rogan Experience #2474 - Dave Smith' from PowerfulJRE on Comedy Buff. Published 2026-03-26. Transcript available.

Joe Rogan Experience #2474 - Dave Smith

Joe Rogan podcast, check it out.
The Joe Rogan experience.
Train by day, Joe Rogan podcast by night, all day.
So Dave, you were telling me right before the show that you are now retiring
because you got an impromptu phone call and bet hundreds of millions of dollars
on oil prices going down.
Congratulations.
It was a good bet, it just wasn't timed right.
I thought you got it in on time.
I thought you got it in like five minutes early.
I did not.
How is there not a massive investigation into that right away?
Didn't someone make like $1.8 billion in like five minutes?
Yeah, there's a lot of those, like trades like that that should be investigated
that kind of never are.
How about, what's his name, Lutnick?
Yeah, how about that one?
The tariffs one?
Working for the administration and also standing to gain huge if people can sue
over the tariffs, right?
Well, explain the whole thing.
Do you know how to, do you know the actual details of it?
No, I don't really know the details.
So essentially he was telling everybody that, you know, don't sweat it,
the tariffs are golden, we're getting them through, there's going to be no
problems.
Is that what it was?
But in meanwhile he was shorting the tariffs?
Yes.
Yeah, so he was personally shorting them while promoting them.
Let's find out what that actually is so we don't get sued.
I bet he's a quite litigious gentleman.
Yeah, he might be.
Let's see if we can find it.
Is it wild that people were on the files visited the island and then they still
work?
It was unbelievable.
Some people had to resign from some jobs.
Well, especially just him because he so, the way, there's something about a
really confident
liar.
They just said, because I mean that, that interview clip where he's like, let
me tell
you something, I met Jeffrey Epstein that one time, he had a massage table, he
said they
were sex massage tables.
I went right back to my wife and I said, honey, we are never hanging out with
Jeffrey Epstein
again.
And that is that, you know?
Is that really the quote?
Oh, dude.
I haven't seen that.
I don't know if it's verbatim, but that is the exact spirit of it.
Which probably would be pretty verbatim.
Oh, let's, let's listen to it.
Listen, listen to it.
Let's find it.
I'm very, very close to exactly what he said.
Okay.
Let me get this one again.
What was this one?
Let Nick, let Nick interview about Epstein.
And he just sounds, I mean, so like morally outraged about the idea.
There's so many people that they exist in that world where you just pretend
that you're a
different person.
You pretend you're one way.
Yeah.
You pretend you think things differently.
It's a, I've been up close with people like that.
I said, that was my takeaway from debating Chris Cuomo was like, I just could,
it's a weird
thing to see someone just lie like that.
Here it is.
Now, this is the one that says he's the greatest blackmailer ever.
Which quote am I trying to find?
Yeah.
Try to explain it to him.
It was a, let me see the keywords that would downplays relationship with him.
That, that might be it.
There was something on the other thing, but I don't know.
What does he do?
He's a, what's he's a commerce secretary.
He was a, he was always like a money finance guy.
He, I think he used to work for CNBC if I'm correct.
In this administration, this like, the wolves have taken over the hen house.
Yeah.
Yeah, they sure have.
This is, this is what draining the swamp looks like.
Under fire for Epstein ties, commerce secretary Howard Lutnick defends visiting
his private
island.
Yeah, but this is, this isn't the clip.
The clip was from.
Oh, it's at the top.
It says, it says Lutnick said in an interview last year, he was never in the
room with Epstein
other than a 2005 visit to his apartment.
Okay, so that's probably it.
He said, you know, he met him once and like, this guy sucks.
But he specifically says that he met him, that he saw he had a massage table in
his living
room and he goes, hey, Jeffrey, what do you, you really like massages?
And he claims that Jeffrey went, yeah, and the right kind of massages.
And that's when he decided he would never talk to him again.
Nobody likes the right kind of massages.
Those are terrible.
Imagine if those are legal, just hand job massages.
It would be like, no relationships.
How many people are in terrible relationships just because they need sex?
There's a lot of guys who'd be like, I'm just going to hang out with the boys,
just get
jerked off once on Wednesday.
And I'm good.
Howard Lutnick downplays relationship with Epstein during Senate testimony.
Testimony.
I don't know.
Is this it?
Now, this is from, this is from recently.
This is from this year.
I did find an article that kind of, I don't even know what this website is,
though.
I don't know if.
This old firm did not, in fact, profit from the Supreme Court tariff ruling.
It says that there was an article claiming it.
And then, that's why I was trying to dig through this.
Oh, we better edit that out then.
I mean, it was reported, though, that they did.
But I don't know what this says.
It says, firms run by his two sons, Elder Lutnick announced the sale of the
stake in the firm
and other investors in the Supreme Court on Friday, invalidated many of Trump's
tariffs.
The president said, okay, Castor did not consider the product which has existed
for years.
It was humming trade on Wall Street's Trump first-term tariff push, but decided
against
it after weighing the political sensitivities.
According to a senior banker familiar with this matter, a Cantor spokesman said
the salesman
erroneously believed the firm was likely to greenlight the business.
Okay, I'm missing this.
I'm not exactly sure what they're saying here.
This is just the legality of tariffs are discussing that.
I sent it in an email that said that they're representing 10 million.
That's right.
I was trying to figure out the accuracy of all this and whatnot.
So, what was the accusation?
The accusation was that he had shorted tariffs while claiming that tariffs are
going to work.
Yeah, the accusation was that he stood to make a lot of money from tariffs
being struck down.
Why don't you put that into perplexity, Jamie, and find out if that's accurate,
and let
it scoured the internet instead of us doing it?
God, I love AI.
Yeah, it is something.
I can't wait until it takes over government.
It's going to be awesome.
After a while, you're like, I don't know if it could be much worse than what
humans are
doing with government.
It's going to be better.
It's not going to be greedy.
Well, as long as it determines that human life is valuable, I feel like is
really the
big...
Which humans?
So, let's be honest.
You know, some homeless guy is taking a shit on your Jaguar.
Is that guy really valuable?
Yeah, but to AI, we all might be homeless guys taking a shit.
Do you see that there was these San Francisco tech guys, and they got trapped
in their Waymo
because a homeless guy started attacking the Waymo and yelling at them, why are
you paying
robots?
No.
Yeah, you're a traitor.
You're paying robots.
You're paying the robots.
The homeless guy was upset about this?
The homeless guy was attacking the Waymo.
The tech guys were in the Waymo.
We were terrified for our life.
We feared our safety.
Because they're being attacked by a crazy person who's saying you shouldn't be
giving
money to robots.
That's an uncomfortable position to be in.
I get all my information from the Tim Dillon show, by the way.
But they did play a clip.
It's not the worst source of information.
It's the best source.
Him and that dude.
What's his name?
James Lee.
He's our other number one source of information.
Conspiracy theorist.
Another one, a Waymo, a gal got in, and there's a fucking homeless guy in the
trunk.
Because apparently the last person, when they left their Waymo, they opened the
trunk to
get their luggage out, and they never closed it.
So the homeless guy hopped into their fucking Waymo.
And closed it?
Closed it.
It was in the trunk.
So she orders a Waymo.
She climbs in.
There's a homeless guy in the trunk.
And Waymo's like, that's unacceptable.
Oh, you think?
Oh, you think?
Okay.
The main claim is that Cantor Fitzgerald, Howard Letnick's former firm now chaired
by his
son, stood to profit by buying tariff refund rights that only became valuable
if Trump's
tariffs were overturned.
But the firm insists it ultimately did not execute those trades.
What critics say happened.
Investigators and reporting, notably by Wired, described Cantor Fitzgerald
exploring a business
where it would buy the rights to future tariff refunds from importers for about
20 to 30
cents on the dollar.
Internal materials cited in those reports suggested Cantor had capacity to
trade several hundred
million dollars of these refund rights and had already facilitated at least one
trade of
around 10 million dollars in rights under the IEPA tariffs.
The idea was that, of course, later struck down the tariffs the government
would have to
refund duties and Cantor or its clients would collect the full refund while the
original
importers only kept a small upfront payment.
So why is it seen as a conflict?
Is it true?
So it just said that they executed on one, right?
Didn't it say that?
Scroll back up.
That was based off that email.
Yeah.
It says internal materials cited in those reports suggested Cantor had capacity
to trade and
had already facilitated at least one trade of around 10 million dollars in
rights.
It's only 10 million.
Let it go, Dave.
That is small potatoes for what we're talking about.
Yeah.
For these kind of guys.
Uh-huh.
What Cantor and Lutnik's side say.
Cantor Fitzgerald has publicly stated that while some salespeople explored, I
like that
in quotes, brokering tariff refund rates in 2025, the firm never executed any
transactions
or taken any position on tariff refund claims, calling contrary reports false.
Follow-up recording has echoed that Cantor considered products tied to the
Supreme Court
tariff ruling, but ultimately backed off, in part because of the political
optics.
Duh.
Fuck it.
That's a big duh.
Around Lutnik's government job.
Latest coverage is no public evidence that Cantor actually booked profits from
this strategy,
though the investigations in Congress are ongoing and focused on whether there
was any
attempted or potential profiteer.
Are you more interested in the ethics conflicts of interest or the nuts and
bolts of how the
secondary tariff refund market works financially?
No.
So it seems like we don't really have evidence.
Well, it'll be interesting.
I mean, if, which is probably going to happen, but the Democrats take the House
and the Senate
in the midterm elections this year, I mean, they're going to be, that'll just
be the next
two years of politics will be investigations and subpoenas.
Some Democrat lady just over, she just took over the seat in Trump's
neighborhood where Mar-a-Lago
is so Democrat lady just won.
Yep.
Yeah.
Well, they're going to, yeah.
I mean, look, they, in his first term, they impeached him twice for absolute
bullshit.
So they'll go after him for anything, but I have a feeling now there's probably
a lot more for
them to investigate and work on stuff like this and the meme coin stuff and,
you know,
whatever business deal.
You know, I don't, I don't have the details at the top of my mind, but I do
know that they
said at one point that Jared Kushner would not be involved in this
administration at all
because he does so much business over there and it's just like, so they were
like, oh, no, no,
no, he won't, but now he totally is.
It's him and Whitcoff are like the lead negotiators in this too.
So just a lot of meat on the bone for Democrats to make big political theater
out of for the
next two years.
Is there anywhere that's not corrupt?
I mean, when we look at the insider trading in Congress, when you look at all
these slimy
deals that get made with NGOs, you look at every, it's like everything's dirty.
There's not one part of government,