DOGE & Palantir WITHOUT Musk | This Changes Everything.

So, just so you know, yeah, the New York

Times is handing Doge a win. That's

pretty rare cuz well, you know how the

Times likes to be. Musk may be gone, but

his team burrows in deeper. At the

Department of Energy, a former member of

Doge is now serving of the as the chief

of staff. And at the Interior

Department, many Doge employees have

been converted into federal employees

and they're now deeply embedded in the

agency. Same thing at the EPA. And the

story then goes on over here. And I want

to see what else they're saying. But

what's fascinating is basically Elon

Musk's Doge effect might live on even

though Musk is gone. Which is kind of

cool because that's what we all wanted

was that somebody would bring efficiency

to the government. Uh bring technology,

bring artificial intelligence, bring

LLMs, you know, whatever. Uh bring

Palunteer to the government, whatever to

operate the government more efficiently.

And if that could be done with sort of

the seed that Elon spread, which is

basically the same thing he's doing with

children, but in this case, it's Doge

employees, it's actually kind of cool.

Some Doge members on Friday expressed

concern that the president could choose

to retaliate against Mr. Musk by firing

people associated with the initiatives.

Okay, so because of the whole like

meltdown from Elon, which he's now

deleted, people were worried that maybe

Doge could fail because of this. But I

don't actually think so. I think Donald

Trump likes this. You know, Donald Trump

gave Musk an easy win here because if

Doge can save any money, Trump can turn

around and spend it and be net neutral.

Everybody's okay with neutral neutral or

cuts, great, you know, they just don't

want to see more debt. And that's what

Elon was so pissy about any in the first

place. Anyway, others could Let's see

here. Uh, but the approach that Doge has

embodied at the outset, deep cuts in

spending, personnel, and projects

appears to have taken root even with

Musk on the sidelines. Doge on Friday

notched two legal victories. The Supreme

Court said it can have access to

sensitive data uh social security data.

Wow. And ruled that for now the

organization does not have to turn over

internal records to a government

watchdog group as part of a records

lawsuit. That's crazy. So you can't foil

what do Doge is doing right now. And

they get access to social security data.

And even with Musk on the sort of Doge

virus, if you will, though that makes it

sound bad, but we'll just go with it

because it's like the spread is

spreading. Doge staffers are becoming

far more institutionalized with

government agencies said the director of

the White House budget uh management and

budget. Uh let's see here. A White House

spokesman said, "The mission of

eliminating waste, fraud, and abuse is

part of the DNA of the federal

government now and will continue under

the direction of the president." With

Doge, Musk sought to orchestrate an

extensive overhaul of the government. He

promised to eliminate a third of the

federal budget, $2 trillion, and remake

federal agencies into a streamlined

techoriented entity that would operate

like a business. The billionaire adopted

the same playbook at Twitter.

Yep. We know the group's errors have

included posting billion instead of

millions. Okay, we already know that. We

already know the mainstream media

basically they've gone through a bunch

of the contracts that Elon says they cut

and they're like, "Well, some of those

you only cut because you killed DEI.

Some of those were already cut. Some of

those you typoed. Some of those you

counted the full contract value and not

the part that was actually assigned."

And and so after lots of tweaking, this

is where people think Doge is so far

safe 50 or 60 bill. But I think the

legacy of Doge actually lives on so far.

Like I think a lot of people thought

Elon's exit from the White House would

lead to the failure of Doge. So far it

sounds like you might have just embedded

a bunch of AI tech bros into the

government and they're getting like jobs

at the government in sort of a

non-traditional way. It's almost like if

if it was a a virus to take tech bro and

AI culture and inject it into the

government. It's now spreading. That's

kind of cool actually. I don't know.

Like I'm kind of like damn. All right. I

mean like Elon can be out but you know

I've planted a good seed. Courts blocked

some of Doge's initiatives. Some

dismissed employees were reinstated when

their work was proved uh essential. All

to all told Doge has tried to gain entry

into more than 80 data systems across at

least a dozen different agencies. The

data sets include systems that hold

personal information about federal

workers, detailed financial data about

federal procurement and spending, and

intimate personal details about the

American public. Now, the one thing

that's a little weird about it all, I

will say, is sort of like the

pounderification of American data. Uh,

and this is I mean there were a lot of

stories on this, but I'll jump into I'll

I'll just use the Times of India here. I

mean there there are endless companies

reporting like the same. Oh, this is

actually just using a New York Times

piece. Oh, that's funny. Yeah, here it's

just the New York Times piece. Fine.

That they've reposted the Times. Anyway,

in March, President Trump signed an

executive order calling for the federal

government to share data across

agencies. And apparently now they've

expanded Palunteers work across the

federal government in recent months.

that this by the way is something that I

mentioned when Trump won and Doge came

in. I actually talked about Palanteer on

the channel quite a bit and I said this

is good for Palanteer because Palanteer

as they say in the earnings calls, you

know, I think Karp is right when he says

it is like we don't cost money, we make

money, right? Like we make these

entities money. So Palanteer is the

perfect Doge tool. Like you could

literally just be a Doge working go

install Palanteer everywhere basically.

Okay, I'm oversimplifying, right? But

the company has received more than 113

million in federal government spending

since Trump took office. Whoa, that's

actually big because I wonder what

proportion of their revenue that is. I

mean, let's look it up. Palunteer

investor relations. So, financials,

quarterlys, quarterly report.

Whoa, look at this.

So Palanteer in the first three months

of the year took in 883 billion million

dollars. But apparently in just about

the three months that Trump has been in

office, Trump has sent about 113 million

to

Palunteer. 113 million just roughly. I

know the time periods don't align.

Divided by

883. Whoa. about

12.7% of Palanteer's budget has come

from or or revenue so far has come from

Trump new contracts existing contracts

does not include the DoD contract

awarded holy smokes social security and

IRS of course they're going to use

Palanteer it's a great product for

putting all this stuff together creating

detailed portraits of Americans like if

you wanted to create the perfect deep

state that has all information about

everything you've ever done, said, or

even what you think you're going to do

next, or every entity you want to

create, or every entity you want to

close, every LLC you want to form, every

trust you want to file, every public

notice you circulate in the newspaper,

Palanteer is the perfect way to do it.

Like, you know, when you go file like a

doing business as, you're supposed to

circulate a like notice in the

newspaper. Dude, who reads that? Nobody

reads that crap, you know? Like, I don't

even know that I could find one here.

Who knows? Maybe the USA Today has one

somewhere in the back. Usually it'd be

like VC Star, but I canceled them

because they were scummy to me during

the campaign. Um, but anyway, usually

there's a section like way in the back

of the papers where they'll be like,

"Oh, so and so filed, you know, a

petition for a doing business as or

whatever." Nobody reads it. But if you

have pounder tie it all together and

somebody looks up Kevin Pra, they could

be like, "Oh, filed this trust and did

this and this this this entity,

whatever, all these licenses, you know,

does this with this agency and this with

this." Really interesting. I mean, like

it is the perfect George Orwell

database. I And I'm not saying I promote

it. I'm just saying if you wanted to do

that, Palanteer would be the perfect

product for it. Trump administration has

already sought access to hundreds of

data points on citizens through other

government databases, including bank

account numbers, student debt, medical

claims, and disability status. Wow.

Trump could potentially use the

information to advance his political

agenda by policing immigrants. I

definitely believe he's going to do

that. 100% he's going to do that. And

punishing critics. Okay, so basically

the only way to protect yourself is just

yolo calls into Palanteer. Obviously,

no. Okay. The Palunteers valuation is

really, really high right now, but you

could see why it's going up cuz they

keep plowing money into them. Privacy

advocates, student unions, labor

organizations have filed lawsuits. Yeah.

Good luck with that. Palanteer selection

of cheap vendor for the project was div

driven by Doge. There it is. See? Yeah.

Palanteer and Doge. I'm telling you, all

you need is the virus, so to speak, of

the tech bros going in with their little

USB

drives. Wait, wait for it. Hold on. Hold

on. Hold on.

Uh, all right, bros. Uh,

USBA or

USBC? Where are we putting

Palanteer? And then Palunteer distress.

Obviously way oversimplifying here, but

this is very interesting. Uh, okay. Some

current and former Faller employees have

been unnerved by the work. Okay, get

over it. the company risk becoming the

face of Trump's political agenda? Uh,

whatever. Everybody, people have

complained about this forever with

Palanteer. This is old news. Some

employee, former employees have signed a

letter urging Palunteer to stop its

endeavors with Trump. Nobody cares about

your letter.

Nobody. The scoring of the shrine. The

scoring of the shrine. A letter from

concerned Palanteer alumni to tech

workers of Silicon Valley. Nobody cares.

like this is democracy versus big data.

Palanteer's leadership has abandoned its

founding ideals. Actually, I think this

is exactly what Palanteer was built for

this sort of technology and people will

pay huge money for this data that is

collected for one reason should not be

repurposed for the uses of other. Sorry.

Combining all that data, even with the

noblest of intentions, increases the

risk of misuse. Of course, because

imagine how much power politicians are

now going to have during elections when

they have competitors, you know, like

Gavin Newsome collects all the data on

his competitors when he runs for

president.

Dude, there's so much access they have

here. Palanteer declined to comment. We

act as a data processor, not a data

controller. Yeah, I mean, that's a great

copout for Palanteer, but I don't blame

them. They make a crapload of money.

Like if I were Palanteer, I'd be like,

"Bro, yeah, I mean, whatever, man. If

that's what they do, that's what they

do." At the IRS, Palanteer's engineers

joined in April to use Foundry to

organize data on American taxpayers.

Yep. Their work began as a way to create

a single searchable database for the

IRS, but has since expanded. Palanteer

is in talks for a permanent contract

with the IRS.

Dude, oh, they're going to know

everything about

everyone. This is insane. Social

Security

Administration, Education

Department. This is

huge. Some people are quitting because

of their partnership with

ICE. Yeah. And and this is like even as

Musk is gone. That's why I'm saying like

Musk, he only had to push the button to

start the process basically. What Shri

Shrier? I don't know what the hell that

is. I don't care. All right. So anyway,

those data sets include Okay, we read

that several days before his departure,

Mr. Musk was optimistic about the legacy

he was leaving that Doge will only

strengthen over time. By th Tuesday, Mr.

Musk was fretting that his

accomplishments were being washed away

by Trump's big beautiful bill. Yeah, we

already know about Trump or Elon

freaking out at the EPA. They Let's see

here. Doge employees in hand. We see the

policy is continuing on. Fine. Actively

listening to the

recommendations. That's

fine. in recent weeks. That's boring.

Cancel contracts with Harvard. Big deal.

Social Security Administration, one of

the most politically sensitive agencies

in government. Two members of Doge are

ex effectively serving as co-information

chief information officers. Whoa. Two

members of Doge, Aram Moadasi and

Michael Russo, are effectively serving

as co-chief investment officers.

According to two people with knowledge

of the arrangement, Mr. Moadasi appeared

alongside Mr. Musk and other members of

Doge during a Fox News interview. Still,

the continued influence of Doge could

diminish in the continuing days if the

White House chooses to retaliate. I

don't think the White House is going to

retaliate against Doge. See, Trump can

take the good of Doge and still kick

basically cut ties with Elon. If you

want to work for Elon, you're not going

to go work for Doge anymore. Well, yeah.

Okay, that's fine. Doge's fate could be

set up in the courts. A federal judge

allowed a lawsuit to proceed challenging

the entire Doge operation. And the

opinion of Judge Chut Chutkin, oh, we've

heard about her before, noted that Doge

has been accused of seizing control of

at least 17 federal agencies. Several

federal agencies have been dismantled,

dismantled. Thousands of federal

employees have been terminated or placed

on leaves. Leaves sensitive data has

been haphazardly accessed, edited, and

disclosed. Blah blah blah blah blah. The

card fight will go on, but honestly,

this spread or the

palunteerification of American data,

it's coming whether you like it or not.

Like, I don't know how I feel about the

government, you know, being able to tie

all your stuff together, but, you know,

I'm kind of like of the mindset that

it's going to happen whether I complain

about it or not. So, I'm just going to

like consider that, I guess.

And

um I don't know. I guess you have to say

nice things about the government in

power

now. No, I'm just kidding. I'm still

gonna tell you all the same

stuff, but I feel so anything else on

that. Isn't that very interesting? I do

want to see some reaction. Let's get

some reaction on social media on this

Palunteer

thing. Uh let's see.

Twitter first big update is a master of

overhaul of design language across

liquid glass aesthetic. I don't care. US

weapons cannot save Taiwan's party.

Okay, fine. Sarah Dichi, someone who is

still on iOS 18. I'll happily skip

straight to iOS 28. All right, let's do

what is this? This was the Palunteer

data. Let's just see what people were

ranting about. You know where you'll

probably see the rants would be on uh

Reddit. Asked about Palanteers compiling

government data. JD Vance says he is

more concerned about surveillance via

commercial ad data brokers. What? No

way. So like Trade Desk Palunteer

company, right? Yeah. Yeah. And that's

about a surveillance thing. So this

thing is [ __ ] This sounds crazy,

dude. Like this sounds like we're only

going to be human for like two more

years, right? So they and this is the

Palunteer company where they're going to

build security databases that have all

of our information in them. Right.

That's what they're saying. That's what

they're saying. Yeah. And it's going to

have like everything. It'll like JD's

like that's exactly what we're doing.

Look at you and know like if you're good

at tennis or if you've ever, you know,

if you have like if you have $60. It's

more than that, bro. It's it's auditing.

It's do they want to license you as a

financial adviser, as a broker? Do they

want you to pass the bar? Do they want

you like all do they want you to get a

permit for your home? I don't know. It

could hit everything, man. this the

amount of data like every agency will be

able to tap into this in the future and

be like, "Do we want this person as part

of our organization and every little

thing you've ever said on the internet

could come back to haunt you because now

when you want to go get your real estate

agent license and they palanteer your

ass, the Department of Real Estate is

going to be like, "Well, in 2021 you

said this about Gavin Newsome. you

know, we don't think agents should speak

like that. License deferred and they

just put you in like this loop of

deferral. Now, I'm being, you know,

obviously I'm just coming up with an on

the spot example here, but like every

agency getting access to this

data, boy, you basically you're just

going to have to behave a whole lot

better because they they're going to

know everything your pocket or if

you're, you know, it can tell if you

know, if your kids can have a limp or

whatever, if he'll be in the Christmas

play, you know what I'm saying? It can

tell all of that.

And then, and that feels real scary,

man. like to to a regular guy on the

street that feels like we're going to

give our our society like like we're

going to become these like they're going

to have every know everything about us.

It makes you feel like you won't be a

person anymore. I hear you. I don't I

don't I don't know what the hell this

guy is saying about it. Makes you not

feel like you're going to be a person

anymore. I'm still going to feel like a

human. Okay. Coffee probably still going

to hit the damn same. I go on a run,

it's still gonna hit the same. I go

plant some Irish moss, it's gonna hit

the damn same. Okay? It's not gonna take

away human. It's It's going to make it

harder for you to do business if you're

a critic of the

establishment. That's what it is. That's

not taking away your humanity. That is

instead a form of business censorship.

That's what I'm more concerned about. Oh

my gosh, they have my data. I don't feel

like a human anymore. What the hell

sense to you? It it definitely makes

sense to me. I mean, let let me try to

explain. So, to be clear, I'm not an

expert on this particular deal. I

actually just read about it earlier

today or maybe Okay, this is the classic

politician thing to say. Oh, well, you

know, I actually uh I haven't heard

about that yet. Uh I just saw the

headline uh sorry so I don't know

yesterday but the president did an

executive order I don't know a couple

months ago and the basic idea is you've

got all this different information but

it's not accessible in one place. So

like let me example where this might be

useful. Let's say you catch an illegal

im immigrant. Okay. And by the way this

is the perfect talking point to defend

this is immigration. it because all the

Republicans are gonna be like, "Hell

yeah, they damn illegal anyway. Get them

to hell

out but forgetting that it's also data

on the legal citizens." That person's

using a social security number, but the

Department of Homeland Security that

arrests the person can't actually figure

out what social security number that

illegal immigrant is, what name it's

attached to. Okay. Well, because often

they're also using taxpayer

identification numbers as opposed to

SSNs, but or you know, let's say you're

like investigating some terrorist and

the FBI arrests the person, but you

know, there are information about like

where the person lived a couple years

ago that you'd like to have so you'd

maybe like to go, you know, talk to

their friends or associates or whatever.

Yeah. My understanding is that it does

sound odd, but that what they're trying

to do is take all the information that

the Department of Homeland Security has,

that the FBI has, and just make it so

that it's actually not in some hyper

inefficient system. It's all sort of

accessible. And here's the thing, modern

technology is just crazy and weird and

it affects our privacy. And I I think

this is like the best vice presidential

defense. Hey man, we know it feels

uncomfortable, but but it's okay. Just

let it slide in. I mean, we don't have

to think that. Oh, hi Jack.

What's up, dude? How can I help you?

What happened? Oh, nothing. We're just

listening. It is like a reality of the

world that we live in, right? Sometimes

we get a little romantic about things.

Well, I mean, look, and I think it's

going to go back in time. I mean, look,

everybody I kind of agree with you. I I

think people are sort of going to rebel

against technology a little bit. In some

ways, they already are. But I mean,

look, dude, if I if I This has happened

to me so many times where I'm talking to

my wife like, "Oh, what are we going to

make for dinner for the kids tonight?

Oh, let's just like do door Door Dash or

GrubHub." And then you go on like X or

you go on, you know, Facebook or

Instagram and there's like an

advertisement for a Door Dash coupon and

it's like, well, I was just talking

about this 10 minutes ago. So, we know

that big technology spies on us and

harvests our data. I honestly worry more

about that than about like connecting

the DHS system to the FBI system. So,

that's all that this Palanteer deal is

part like a lot of that is just it's

just connecting information. So, I'm

hardly an expert, but that is my

understanding is that it's just taking

okay DHS has information, FBI has

information, Secretary of the Treasury

has information and making it possible

for that information to be searched.

Yeah, by whoever is looking for it.

That's my understanding. I dude Theo,

what he just said wasn't that

surprising. We already knew that. We

already knew that. And this is the

response. Looking for it. Oh, that's my

Can we meme that? Oh, so you're saying

it's not a big database that's going to

collect all of our data and make it

easier to search. It's just the big

database that's going to collect all of

our data and make it easier for law

enforcement and government agencies to

search. Oh, understanding. Yeah. And I

and I but again like I hear that same

that story and my reaction is the same

which is oh I don't like the government

having my information. The reality is

the government already has my

information and more importantly some of

these private technology companies have

way more information on me than the

government does. Well, they're doing it

so we need to do it too.

Oh yeah. I mean, anywhere you shop has

unbelievable information on you. I mean,

let me let me tell you like Blockbuster

two days ago, Blockbuster was like,

"Happy birthday." They were rolling. So

I I got to I got to It's like you're out

of business. There's a there's a Yeah.

When was the last time you were in a

Blockbuster?

But some guy somewhere probably in

another country, Nepal. I think this is

why I don't I don't ever watch this guy,

but I think this is why JD Vance will go

on the show because he doesn't actually

have to answer real questions. You and

FDR somewhere. You and FDR took your

Celsius and went down to Blockbuster to

get some get some VHS rentals. I Okay,

little bit of

boogie. That's all right. I was okay. I

I was getting a brief so because that's

what people when I first became No, no,

they they are and I get it. And look,

like all all I tell you is we try to be

as Oh, yeah. I did go to the last

blockbuster. I forgot about that. Shut

up. How old was that? 14 years ago.

Lived out there. Got stuck in the snow

out there. Yeah. One of the guys who

works the national security team of the

Trump administration

um gave me this brief about how Okay.

When you're using an iPad and let's say

you know you're reading a story from

some random newspaper and you hover on a

particular paragraph like your iPad is

collecting that information on you. God

like it's actually trying to track what

you're doing. Like that is the stuff

that really freaks me out. Well, how do

we stop that? I think it freaks

everybody out. I think it just makes

people sick. It's like so I think that's

interesting. It's like,

oh, the idea is, okay, advertisers use

cookies that follow you around to try to

advertise products to you. This isn't a

surprise. I actually think uh there JD

is probably right in saying that

corporations have a lot of data because

I I think that, you know, these always

on microphones that you now have in your

phones or Alexexas or whatever, uh they

they collect a lot of advertising data

on you. Uh, I mean there's to me it's no

surprise that when you talk about

certain things, you start getting

notifications related to those topics.

Thank you, Jack. Uh, like, you know,

Jack wanted Chipotle the other day and

uh it was the weirdest thing ever, but I

I don't think I ever get Chipotle

notifications, but I was talking to Jack

about maybe ordering Chipotle and like,

"Oh, yeah, we could order Chipotle in a

little bit, you know, in the car, I

think we said." And uh and then I like

as I was still in Home Depot, I get a

notification and it was like, you know,

some kind of Chipotle special. And I'm

like, dude, I never get Chipotle

notifications. So, I don't know if I

just like noticed it or if that's part

of the Apple ecosystem, listen to you,

pitch and promote things that are

relevant. And maybe Apple advertises

that as like, yes, relevant

notifications, right? So really the only

way to kind of get away from that is you

would just have to have no listening

devices anywhere which is kind of crazy.

Um so yeah but I I don't think that like

so to me that's weird and I don't like

it but I don't think saying that oh

companies do it so the government should

do it too makes me feel better about the

government doing it right. I think

that's why people are frustrated about

this palunteerification.

That said, it makes sense. You know,

again, if I wanted to make the

government more efficient and I wanted

to fulfill the Doge mission at the

government, I would go install that

pound tier USB stick for again uh

oversimplification purposes everywhere I

could. And so, you know, absent a

recession, you're probably not going to

get a good deal on Palunteer for a while

because I think it's still trading for

like a six-pack. What up, homie? Let's

look up the valuation. There might there

might be a little bit too much milk. Oh,

there can never be too much milk. By the

way, I'm starving. Is mom around? She's

taking a shower.

Would you mind asking her anyway if she

can make some corn beans?

Yes. Thanks,

man. And chicken. If there's chicken.

All right. So, pound

here. We've got EPS of

uh 130 bucks divided by 58 cents 244

times. Growth is expected to

be 30% growth and it's trading for 244

times. So that puts me at an 8 peg.

That's insane. An eight

peg. So yeah, I mean Palanteer is really

really rich. I love I want to own

Palanteer at lower valuations. So, and

I'm happy for everybody who's made money

on pounder. Please diversify a house

hack. But, uh, 40 times one. Let's see.

If I put them at a 269 time 40 *.58, it

should be trading for no more than 60

bucks at a at a fair valuation. It's

twice its fair more than twice its fair

valuation. Um, probably two and a half

times its fair valuation, but anyway.

Uh, because yeah. Okay. Yeah, I

multiplied a little bit too much. I gave

a little bit too much credit there. But

anyway, that's my take on Palunteer.

and Elana Doge, which is good. Some

legacy. What? What's Oh, could you put

that key there? Thanks. All right. Hey,

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startup, go to househack.com and know

that I will do everything for this

business in my power to make sure we can

do the absolute best that we can. Make

sure to read the solicitations and

disclosures on the House hack website

because there is risk with every

investment.