Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714 artwork

Trump Buying Greenland? Venezuela's 50M Barrels, Newsom's Fraud Probed + Iran On The Brink | PBD Podcast | Ep. 714

PBD Podcast

January 7, 2026

Patrick Bet-David, Tom Ellsworth, Vincent Oshana, and Adam Sosnick break down Trump’s controversial plan to buy Greenland amid global pushback, the U.S. securing up to 50 million barrels of Venezuelan oil, the looming fraud probe into Gavin Newsom’s administration, and escalating unrest in Iran.
Speakers: Patrick Bet-David, Brandon, Tom Ellsworth
**Patrick Bet-David** (0:10)
The future looks bright.

**SPEAKER_3** (0:12)
My handshake is better than anything I ever signed, right here.

**Patrick Bet-David** (0:16)
You are a 101?
All right, folks. It's as if every day, you're looking at the news. It's just getting thicker and thicker and thicker. There's so many things to talk about right now. Yesterday, we had the best strategy kickoff meeting ever in the history of the David Consulting. It was all day. It was a phenomenal, phenomenal meeting. We ended up very, very late at night. Those who were there, you know exactly what I'm talking about. A lot coming out soon here. But we got a lot of stories. We got, again, three of the smartest brains out there in Florida. Okay, we were able to figure out a way to do it. And then Rob and I decided to join them. We got Brandon, Snider and Ellsworth here with us. Brandon, you're like Madonna. You just have a first name. Thank you. You're so big. We don't even have to say Madonna's last name. What is Madonna's last name? Nobody knows. You're like Prince. You're like Madonna. So just Brandon.

**Brandon** (1:08)
That's good territory. Thank you.

**Patrick Bet-David** (1:09)
Yes, it's a great place to be. It's a great place to be with Madonna. But maybe 30 years ago. Okay, so this story here, a few things on what's going on, folks. Trump just came out and said, Look, Venezuela is going to give up 50 million barrels of oil to the US. And China comes out and says, Wait a minute, what are you talking about? That's ours. So there's this fight going on. Remember the key word that Rubio used, Western Hemisphere. Very soon, Rubio could be the head of state of four different places.
He could be running Gaza, Venezuela and Iran. If it goes the way it is going right now with the decisions he has to make. But that guy's got a very busy schedule. But Trump says 50 million barrels is going to the US. And Polymarket decides to refuse paying out bets that US would invade Venezuela because the word invade. So that's a very interesting. Now it's getting a little bit technical on how to have to pay out, right? The key word invade. It wasn't an invasion. They came and took them out, right?

**Tom Ellsworth** (2:10)
Yeah, it's a question. Well, let's talk about it.

**Patrick Bet-David** (2:13)
We'll definitely talk about it. Rubio tells lawmakers Trump wants to buy Greenland. We don't know if it's on sale or not. I went on eBay the other day. I didn't see Greenland for sale. I went on realtor.com. Zillow couldn't find it, but maybe they're on a different website we don't have access to. John Harbaugh, for some of you guys that follow sports, did you ever think he was going to get fired from the Ravens? I never thought it was going to happen, but this field goal kicker fired John Harbaugh.
If that field goal goes in, I don't know if the guy is getting fired, so should they fire the kicker, should they fire him, who knows? He says he's got eight job offers already, and we'll get into that if we have a chance to get into it. Rookie kicker, to be fair. What did I say? Did I say it's a kicker, right?

**Tom Ellsworth** (2:53)
No, I know, but I'm saying to be fair, it was a rookie kicker.

**Patrick Bet-David** (2:56)
It doesn't matter what you're, it's 43, Tom, it's 43 yards. I could have gone, Dylan would have kicked the 43 yard. Now listen, sometimes we talk like that, but that's part of fanning, screaming and arguing, and it's a different time. Prediction markets show rising odds. Trump seizes Panama Canal and moves on Greenland, which by the way, that was the deal with the Hutchinson that China came in and said, no, no, no, you can't get those 47, what was it, 47 ports, and two of them were the main ones that they were gonna get, right? A couple of the ports were in Mexico, but the deal was stopped. Trump administration, ready for this one? A lot of people, Jeff, in Minnesota, are not happy about this, devastated, because small business owners are gonna be impacted by this. Trump administration is freezing $10 billion in child and family aid to five states over fraud concerns. And by the way, you know what they said? Fraud investigation of California has begun. What do you mean, fraud investigation? It just began, and NVIDIA CEO says he doesn't care about California's proposal, billionaire taxic, I'm okay with it, although Bill Lachman has some comments on it and some thoughts on it. And Iran on the brink, as protestors move to take two cities, appeal to Trump, you should see they have Trump's name stickers all over streets. They're renaming streets after Trump in Farsi. Just a very interesting spectacle. Reza Palavi came out and gave a message to the Iranian people. I've made so many new Iranian friends. It's been incredible. The amount of love I've gotten after I called that Reza Palavi. The DMs are beautiful. You guys are so beautiful, so respectful. This entire community, it's been a great experience talking to them. All I care about is for Iran to be free again. So the people who live there, the people who live there, who live in Iran, my goal is to see them be free. So one day we can go to Iran and visit the city, the beautiful history that it has. Rob's been asking about going to Iran for a while. And listen, I like to have people's dreams become a reality. He's been begging for this for three years. I'm like, Rob, I don't know if it's going to be tomorrow or the next day, but just wait patiently. Maybe it will happen. God willing, it's going to happen. Here's some oil and Russia. Something's going on over there, right? Did you see the ships are coming in and kind of like, hey, if you're going to come this far, we're going to come and protect. They're worried about maybe the next North Stream pipeline. They're being a little bit paranoid right now, which kind of makes sense because there's a lot on the line. White House laser focused on affordability, which is probably the issue we'll start off with today, as Trump softens tariff strategy. The dollar, Snider, I'm going to come to on this one, the US dollar set for the biggest drop in a decade after trade war. I know you've talked a lot about the Euro dollar, zero dollar, so I kind of want to hear your thoughts on this as well. Michael Burry from Big Short says markets are missing a trick as the Venezuela rate just changed the game. What the hell is he talking about? We'll address that. Trump warns Iran that US will rescue protesters. What does that mean? In an interview with Wall Street Journal, Reza Pahlavi was asked, are you for US intervention to come and help out? And he flat out says, we don't need a single boot of your military on the ground in Iran, okay? Now I don't know if the Iranians agree with that. I mean that's what he's saying. I don't know if Iranians are sitting there saying, wait a minute, for 47 years we haven't been on a single boot and it's not been free. Do we want it? Do we not want to do? Americans want it. So there's a lot of topics there that we can address and hopefully we'll get into it. And then India issues, Trump warns of higher tariffs on India over Russian oil purchases.

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