DOGE vs USAID, Crypto Framework, Google's $75B AI Spend, US Sovereign Wealth Fund, GLP-1s

**Jason Calacanis** (0:00)
I have four pieces of advice for people. Number one, get good sleep. Number two, exercise. Number three, diet. Number four, meditation. And if you want to do that, it's very simple. You get the Calm Meditation app. You get the 8 Sleep Sleep. You get the FitBod for fitness.

**Chamath Palihapitiya** (0:15)
And then you get Nutrisense for your...

**David Sacks** (0:18)
What a grifter.

**Chamath Palihapitiya** (0:19)
He's just talking about his investments.

**Jason Calacanis** (0:22)
Those are the four things you focus on, people.

**Eric Friedberg** (0:25)
The four unsexuals.

**Jason Calacanis** (0:27)
You get a good Athena system. All of this is brought to you by my NGO, which is All-In NGO. USAID gave us 18 million last year. Guys, I forgot to tell you about it. But don't worry, it's in an offshore account for all of us.

**Antonio Gracias** (0:40)
When we get back to Ethiopia and Vietnam, we have an All-In Castle built there, okay?

**Jason Calacanis** (1:02)
All right, everybody, welcome back to the All-In Podcast, the number one MAGA, finance, business, and personal optimization health. Yes, we are now larger in the health space than Huberman, Tim Ferriss, and Peter Atiyah combined. Yes, we've really started to grow the pod. And if you want to, you can subscribe to the podcast on x.com, YouTube, Spotify, and all those other places, especially if you want to have an incredibly positive world, enlightening conversation with Ray Dalio. You can tune in to Friedberg and Ray Dalio on the channel. Great conversation. It's gotten three or 400,000 views already on YouTube. How's the feedback been, Dave? Got so much great feedback on you. Ray Dalio, is it the end of the empire or are we coming back?

**Eric Friedberg** (1:55)
What's awesome is a lot of the recommendations he shared is becoming policy, it seems, for the Trump administration. Elon and Besant and others in the administration have echoed, trying to get government deficit below 3% of GDP. That seems to be the economic magical number. And if you can do that, rates drop. I think that's resonated. It was great to have him publish that a couple of weeks ago, talk with us about it. It's great.

**Jason Calacanis** (2:20)
Great bonus content from the team at All-In. Today, we're super excited to have our friend Antonio Gracias joining the show. Antonio is the CEO of VALOR Equity Partners, and he's made some solid investments. He was one of the first investors in Tesla, SpaceX, Athena, tons of great, or he's the second investor in Athena after me. Welcome to the program, Antonio. He put slightly more in.

**Antonio Gracias** (2:48)
Thank you, Jason. I was also in Uber with you, too, by the way.

**Jason Calacanis** (2:50)
Yes, yes. I did the C. He did the Series A, I believe, or the B.

**Antonio Gracias** (2:54)
What did you do? We were in the B.

**Jason Calacanis** (2:56)
You were in the B?

**Antonio Gracias** (2:56)
Not again.

**Jason Calacanis** (2:57)
Yes, you were in the Shurban Round. Okay. Well, welcome to the program, Antonio Gracias, and we've got a full docket today, and we might even have a special caller from the White House today. No promises, but you never know. We are 17 days into the Trump 2 presidency, and it seems like the main character gentleman is DOGE, the Department of Government Efficiency, and they seem to have found a little known agency, USAID. Let's unpack it and talk about USAID and DOGE maybe in three acts. The first one, let me just educate the audience on what USAID is and then get y'all's general reaction to it. Most Americans probably haven't heard of USAID. It stands for the United States Agency for International Development. It was established by JFK by an executive order back in 1961 Wall Street Journal summed up its purpose as, quote, make friends and influence countries in the American interest. According to the USGov website, the purpose of USAID is to extend assistance to countries recovering from disaster. You got a budget of about $45 billion a year under Biden, and that's about $150 bucks per American per year. They have at least 10,000 employees, or did. And as of 2023, they had programs in 130 countries. Obviously, there's 195 countries in the world.
And the budget doubled under Biden from 26 to 45 The budget was between 15 and 20 billion during Trump's first term. But the White House and, I guess, Elon and the DOGE team found out about this USAID, went in there and found all kinds of interesting spend. $2.5 million to fund EV charging stations in Vietnam, $2 million for sex changes and LGBTQ activism in Guatemala, $1.5 million to a Serbian LGBTQ group, $70K for a DEI musical, $47K for a transgender opera in Colombia. The DEI musical, by the way, is in Ireland, so if you make it to Galloway, you can see that DEI musical. This went on and on and it has become quite a story. Antonio, you're our guest here this week. You and I and Sacks and Elon spent a little time at Twitter during the takeover, where I think a lot of these techniques were first put into action. Your thoughts on what's happening with DOGE?