the new congress. lou: i hope he's listening to you. >> he's not. lou: that's it for tonight. thanks for being with us. stay tuned for cavuto. good night. neil: tonight, on cavuto, when architects crumble. wait until you hear what jonathan gruber told me. the one bite that's adding to the health care price. is keystone the key to stopping terrorists? don't laugh. isis and al-qaeda certainly aren't. they're teaming up. if it's oil price, collapse continues, they're the ones who could be going down. plus, a data grab at 30,000 feet. that plane that flew over your house may have taken your personal data and given it to the government. the economy got you down? the guy who walks on coals to prove his point. tony robins is here to try to pump you up. no cold is necessary.

a fired up cavuto starts now. >> call it the stupidity of american or whatever. they basically figured a way to rip off the feds for $400 million a year. >> a clever exploitation of the lack of economic knowledge of the american voter. >> america is too stupid to understand the difference. [laughter] neil: no wonder why nancy pelosi says i just don't remember him. i'm neil cavuto. and i don't know whether to call it a rollout or a fake out. jonathan gruber, thanks to him it's looking like a health care knock out. putting a syringe in the health care law. the health care law is doing a good job of sticking a syringe in itself. increasingly, thumbs down from consumers who still don't understand the law and most others who are paying through the nose for the law. so we already know that the number of enrollees

has ratcheted down sharply. forget the 13 million they estimated we had see. more like 9 million now. and it really doesn't get much better. what happens now? to the hill editor and chief. paul could you see ack. >> i cannot believe how fast this thing is imploding. >> you don't say voters are stupid. at least you don't say it publicly. the administration hopes that gruber goes in hiding. it was a bad week. any time obamacare is in the headlines, usually it's bad for democrats. nancy pelosi saying she didn't know who he was. however, she cited his reports previously. they're hoping the website works, but certainly, there could be some bumpy roads ahead (?) neil: this second wave of enrollee sign ups coming with the president out of town. so i'm wondering if these revived lower

estimates will be lower than that. >> you have to think. the fact they're lowering them and a lot of experts have said, well, that could a sign it won't hit 9 million. it will hit eight or seven. the other aspect. we have the implementation of the employer mandate. that will be a big deal. the administration has given mixed signals on whether they'll implement it. that could be a nightmare. neil: they refer to those companies that have covered for coverage. a lot of them are saying, they're nowhere near ready and nowhere near able. so what happens? >> you know, i don't know, but democrats on capitol hill, they're very nervous. remember the government shut down was dominating the news. democrats in congress were saying we're going to win back the house, keep the senate. then the obama website imploded. that started the string of bad news for democrats and it cul culminated on election night. i don't think it could

go worse than last night. that was historically bad. especially with this mandate, that is something democrats think could lead to more trouble. neil: whether republicans have 54, 55 in the senate well shy of the 57. i've heard them coddling enough democrats who don't want to repeat -- so they might be able to join a coalition of the health care unwilling. >> i think they'll get enough votes to chip away at obamacare such as the medical device tax. that's something that al franken supports. that's the first goal for republicans. is divide the democratic party. chip away at obamacare. will they have obamacare repeal votes? absolutely. the republican freshman coming in, they want to vote on that. it will be interesting to see these new democrats and democrats coming into congress as well as those up in

2016. how they handle it. a lot of it depends on this enrollment period on how bad or well it goes. neil: right now it doesn't look good for this law. what could be killing this law is its simple credibility. forget about keeping your doctor, how about keeping any of the promises. i want you to -- jonathan gruber told me back in april, if we have 30 million in the end who are uninsured, was it worth it. >> absolutely. neil, if you cover half the uninsured americans it will cover -- >> i thought we would cover everyone. >> no. no one ever claimed that. no one ever did. neil: i remember they said everybody. anyway that was just three days before this. obama: today should remind us that the goal we set for ourselves, that no american should go without the health care that they need. the idea that everybody

in this country can get decent health care, that goal is achievable. we are on our way. [laughter] to our fox biz all-stars. tracy byrnes. kaley. come on. >> yeah. [no audio] it falls in line with the fourth leak, i guess you would call it, where he said this was never about insuring americans. this is about cost. this was part of a strategy because he said the american voter, quote, doesn't care about the uninshe had. we have to frame it as a cost mechanism to make the unpassionate people care. it falls exactly in line what he told you. neil: we have 30 million uninsured in this country. then in the end when we had 30 million who apparently wouldn't and aren't going to be covered, well, that was the plan all along. >> that we didn't care. yet it's called

universal health care which last i checked covers everyone. neil: yeah, covering everyone in the universe. >> and we're going to pay for it. he said that the lack of transparency office purpose. the people are stupid. they don't understand economic policy. yada, yada. this has been a ruse all along. neil: he never said yada. >> you're right. it has t to do with americans not knowing the facts. that's evil. neil: it's not even remotely nice. on and on we go. >> of course. if we actually wanted to help people, which i think all of us want to do. we don't want to go it alone. we don't want to turn our backs on people who need a hand up. neil: if we were to change things for 300 million for 30 million. then they said, we never said the 30 million. then why are we talking about this. >> there are ways we

could actually do that. we could have gotten rid of regulations -- we could have separated your place of employment from your purchasing of health care. given individuals the same -- neil: we didn't do any of that. is it too late. >> it is too late. the gall of selling this as a cost-cutting measure to people. it's insulting for millennials. his premium went up 28 percent. i'm a millennial female so it went up 24 percent. neil: the administration said it would have gone up more without obamacare. >> put that on the list of lies. it's ludicrous. gruber went on to say in that clip, american people don't care about the uninsured because young people are healthy. it's okay. are you kidding? neil: now, young people are facing a stunning deductible. >> and who is supposed to carry the brunt of this bill. neil: ladies, thank you very, very much.

maybe gruber isn't such a goober. maybe he's right. maybe we're too stupid to see through the health care law. so maybe we're the ones to blame? >> i don't think so. >> no. i am offended. this is just a white bread elitist from mit. >> there's nobody american at mit. they're all from other countries. neil: that's fine. move on. we've had you on many, many times. there's a bit of a, you know, nothing was revealed in these tapes. >> i travel around the country. i do a play around north america and the people are very smart. this is very insulting. to have a guy that goes like a professor, this is a problem with the president. they should go to essex community college in yorks. neil: nothing he said was factually wrong.

here's why i'm saying this. he was banking on all these vagaries, helping justify the end. in other words, we'll do a lot of slippery stuff along the way. it was just caught on tape. >> no. he knows exactly what he's doing. neil: just like nancy pelosi knew exactly -- >> how embarrassing is this. when i went on the radio station this morning, neil cavuto. neil: by the way, getting written up by the daily news what a star you are. >> i get frustrated. here i was a lifelong democrat, then this president steps in with no idea. it's a golden shiny opportunity for republicans. they'll blow it again. mcconnell is complaining about the president. neil: they're complaining he is overreaching. >> obamacare will unravel. the bottom line is here. where gruber is wrong.

he's offensive and he's wrong. neil: you're right. it will unravel. >> the democrats won't apologize. they should. let it unravel. let them hang themselves. that's what they have to do. you can't have boehner complaining and whining about it. come up with a bullet point plan that answers -- neil: they'll get rid of the medical device tax. >> complicated already. neil: i hear you. but i'm wondering if maybe -- [no audio] and saying they might join a coalition of what i call the health care willing and vote to end this. >> it could be. last week was great. you know, the election was great. it was like a slap in the face. i'm telling you, it's a shining moment for the conservatives. you have to go in. lay out a bullet point. this should be nice about it. i want to make my point. i said over and over this morning you have to be clear and very, very -- they have to be pragmatic and amicable.

neil: pragmatic in what way? how can you be? >> when this guy hangs himself like gruber hangs himself like that, and nancy pelosi quotes him and then she gets caught up -- neil: you used the wrong word. >> that's all right. everything is fine. neil: when your callers check in, what are they saying? >> they get very adamant against the president. they get angry with the president. neil: but your audience -- >> we have a lot of women listening too. neil: you're a very sexy guy. but the same thing. disproportionately women. >> i know pretty women around here. neil: when they call in, what is rattling them the most? to your point that nothing will get done or the fact that the president pulled a fast one. >> the president pulled a fast one. they're very offended by this president. they really are. it seems like he has an agenda. he's pompous. he's arrogant.

they say worse. neil: john boehner isn't exactly saint francis. >> i kept sticking up for the president. it's like i said osama bin laden was a nicer guy. the listeners were wrong. i'm starting to think they're right. he's pompous. the president is throwing red meat to the g.o.p. they have to lie back. neil: i think like ronald reagan this radio gig you've got is your launching pad for a gubernatorial run. >> well, you know what, i'm so frustrated, today particularly. i was so frustrated today. neil: you're going to run for governor. >> maybe we will. neil: you are one of the most recognized names in new jersey. >> you think that will be -- i don't know. it would be fun i know what to do. can i tell you what the platform is quickly, what the republicans should do.

the republicans should save the inner cities. all these jobs in china. bring it into the inner cities of camden, create jobs for these good folks. neil: you don't have to run here. >> i'm not. i'm just saying. neil: down the road. >> i've got the answers. neil: you do. >> i'm giving you the answers. neil: we could use that. >> don't get me started. it's frustrating. neil: yell at your listeners. not me. >> proud to be a american though. neil: and we're proud to have you here. >> proud to be here. neil: go to facebook.com/teamcavuto. tell me about what joe was saying about gruber and anything else and whether gruber is ticking people off including yourself. and, by the way, like us at facebook.com/fox business. this facebook is going to be big, big, big. and maybe now shouldn't have bothered today what have i tell you if keystone does happen, it's going to be too

late because our energy goose might already be cooked.

obama: right now you've got a case pending in nebraska where the pipeline would run through, in which a state court judge has questions of the plan. and until we know what the route is, it's very hard to finish that evaluation. neil: traveling abroad, still no signs he will budge. six years later they're still evaluating keystone. the us is pumping more oil than it has since 1986 which changes things for a lot of companies now that might feel it is no longer worth the expense to drill. after all, they need or

a lot of them need at least 80 a dollar barrel to make the drilling worth it. now under 75, the math doesn't serve them, does it. spencer abraham on whether that could be a problem. secretary, what do you think that? >> there's no doubt the market is fluid and right now down from where it was for a long period of time. these things change. obviously, the issue having a good structure system that can address the marketplace if, in fact, prices go in the other direction. they will. neil: to your point, if we had been doing it six years ago, we would have more than justified the cost and we would have more than seen this decline in prices accelerate. right? >> well, we certainly are producing a lot more. obviously, this is a project that has a lot of benefits attached to it from the standpoint of jobs, in terms of the building of the pipeline to having the export

capacity it can provide. market will move around. the prices may be down now. but if people stop producing, this can go back up. we have to be prepared for any market we will confront. if the rest of the world's economy can grow and grow more robustly then the demand levels will increase. that will change the equation again. neil: i'm wondering whether this downfall in prices is telling us something more ominous that is the whole world is heading for an economic if yo funk. >> it's suggesting that despite a lot of rosy talk around tables in washington that the world economy is facing some challenges. and i'm confident that it can rebound and that some of the parts of the world that are suffering a little bit now can come back. but they've got to

essentially liberty liberate themselves from government policy that's slowing them down. that's part of the problem. in areas of the world where the government policies allow for economic growth, you're seeing it. where they're inhibiting you're seeing something else. as far as the keystone debate this week, it remains to be seen. in part, it's a kabuki theater situation because it's an effort to prop up the senate race for mary landrieu. neil: that doesn't appear to be working. she's down 16 points in the polls. that could change, but didn't work. >> it's a tough race for her. but you're seeing a lot of democrats given the opportunity to distance themselves from harry reid and the caucus. you know, the democrats winning said they would vote against reid yesterday sort of mused amused me because no one was running against him. neil: only one did. >> yeah. and, at the end of the

day, this is just a lot of political theater to try to help people's reelections down the road. mary landrieu's the next month. neil: always a pleasure. thanks. who says there is no fast track to financial success. tony robins is here with the one thing investors can do now. it involves a book. 5 million could be granted amnesty or close to it. a border state sheriff is about to explode.

neil: he's been talked about it for months and talked about upping drones at the border. in case you think the president plans to use more drones to catch more illegals. he's going to delay deportations for illegals. you think he's trying to shift attention away from the number of deportations. [no audio] republicans a bone on border security. drones don't cut it. is that what you're saying? >> absolutely. drones provide a false solution for border security because, obviously, the proof is in the results. the border is not secure yet.

they're using this unmanned aircraft to fly overhead for nearly half of the 2,000 miles of border. and it clearly hasn't worked. what we need is actually enforcement along the border and consequences -- neil: what is enforcement, sheriff? more troops? what? >> it is. the first is we need 6,000 armed soldiers on the border. and it's not about milliomilitarizing the border. this will allow us to build the infrastructure necessary with the technology, the cameras, the infrared, and the sensors to alert when there's a breach of the border. third, and most popularity, we need uniform enforcement of the law. you get prosecuted for coming into the country illegally. other sectors, the nine sectors across the southwest border, depending which one you

come into, nothing could happen to you. you're just sent back. or you could be prosecuted. that's the wrong way to approach. the law is the law. it should be carried out and enforced evenly for everyone. neil: we know next week sometime this delay and deportations will happen, sheriff. how does that affect your job? >> right. well, it makes a difficult job nearly impossible because the message that it sends is that you just get to the border, and you're home free. when there's no consequences. when the president can simply exert authority, powers he doesn't have, and now say for 5 million illegals, that they have permanent legal standing and then issue work permits for them. it undermines the rule of law. everything our nation is built on. and this congress needs to stand up and stop the president. neil: all right. sheriff, good seeing you. hope it works out. this could be interesting.

>> good to see. on the tenth of february, we're actually, sheriffs across the country are going to washington to meet with senator sessions and other leaders to stand up and support them so look for that date on the tenth of december. neil: we're writing it down as we speak. sheriff, thank you very, very much. did you see that plane flying above you? it's not landing. it's taking to the skies. spying on you.

neil: all right. next time your phone has no service, you might be okay. at least you might be satisfied because at least the government won't be spying on you. department of justice reportedly using state cell phone towers that enable it to scan on thousands of cell phones below. so if you're sitting on your port's texting a plane flying above could follow everything you're texting. nine out of ten americans think their

privacy is already lost. stuff like this, confirmation. >> i'm one of those nine out of ten. at this point privacy is no mass. if you're playing the game, you'll use these electronic devices, you'll put yourself out there on facebook. although facebook ironically came out with a privacy handbook, which is laughable. you're out there. you have no privacy. neil: trying to give these guys the benefit of the doubt. if they had something like that over boston when those brothers were planning those attack. we have ways to separate terrorists from average folks. >> you have to -- (?) this is largely used to find criminals. they have to get a warrant to listen in on conversations. they said, yes, we do go to the courts. we go through the important channels. >> they do not. >> they survey the numbers and they survey in on the one number. >> let's say you were that person.

sabrina. which wouldn't surprise me. everyone around you with a cell phone is going to be picked up. >> what are they calling it dragnet security. they're not getting a couple of phone numbers. they're getting all the content. i live in d.c. like you. in new york. i understand the real threat of security whether we're talking about criminals or terrorism. we have to walk this line between security and individual rights. it's the government. we don't have any control over this. >> i get really disturbed when i hear this widespread hysteria about the government spying on us. they don't just read conversations. >> who cares. >> they zero on a particular number. neil: how do you know? like when they got 125 million verizon records. where is the value? >> we don't know. it's so important to elect leaders we trust. we have to put people in we trust. i don't trust the

president. >> aren't we at a point where you say, if you listen at my phone calls, i think they would take my kids away. i'm constantly yelling at them. if they want to listen that, let them. i think that's where we are. much like you get padded down at the airport. neil: in my case it's three or four pizzas. it's the times we live in, but it bothers me. >> we're living with it in the administration. it's not the last one interested in controlling the flow of information. neil: with every incident it will go up and up. >> it's a slippery slope. maybe we think we can elect the right leaders. that's a progressive mighmind-set. >> i'd rather the government spy on me. the whole facebook thing is eerie. i won't touch it. you have to read 2700 pages for their new policy. >> there was a 9/11

terrorist they had to stop tracking because he moved to yemen. if we could have spied on him, i don't know. i want the capability out there. >> i want the pen that can shoot things. neil: exactly. this is getting out of control. ladies, that you very, very much. you might love these lower gas prices. guess who does not? it's their currency and right about now that currency is crashing which could be isis's financial undoing. i'll be doing some explaining.

>> coming up tonight, i try to stop all this premature christmas celebration. will people sign my petition. >> who wants to sign my petition. let the turkey cool. do christmas lights go up too early. would you like to sign my petition? because you're a good person. kennedy: i know cavuto has been beating this drum too. i'll have more tonight at 9:00 and midnight on

the independents. neil: love her. anyway, here's another reason to push for keystone. it piles another stone on terrorists grades. it could. the more oil prices tumble, the more groups like isis and al-qaeda could tumble here. which could explain why they're joining forces. bob says they might be trying to conserve their resources. of course, the problem they're bleeding only for a while. the prices go up and down. what do you make of that argument that their currency is in trouble. >> that's true. with $78 a barrel right now they're not getting, but a few million dollars a week. it was one to two apparently per day back in june. our bombing, of course, has hurt their infrastructure. their smuggling will continue. it doesn't matter what the price is. they'll probably continue to sell some. my concern is two-fold.

one that this will cause them to look elsewhere. kidnapping. extortion, piracy, big donors perhaps outside in kuwait, qatar, and, of course, there are other issues that we need to be concerned about. you know, certainly that the neighbors like iraq, you know, break even point for iraq on oil per barrel is very high. and so someone is going to have to pay for the war that we now hear is coming sometime in the spring or next year or whenever. and so that could put the burden perhaps on us and the neighbors in the community that have deep pockets. neil: and i always wonder and worry that even if we were able to dry up the amount of new money coming they're already sitting on a lot of money. it may not be as much as they were generating before, but they're sitting on a lot of cash. what are they doing with that? >> well, clearly, if you go back in the history of that region, neil,

you'll find that even saddam hussein was very good at evading our oil embargo. their special forces in iran works in iraq. and they still steal a lot of oil. so, you know, the smuggling the black market say very sophisticated part of the world. our good allies say it's not coming in their country. the turks. we know it is. yes, they have hundreds of millions of dollars based on the reports i've seen. which suggest that those deep pockets are probably like an octopus going out all over making special deals, buying new weapons. and they will be capable i think for a good long time. especially now they own a large swath of syria and iraq. it doesn't look like we'll take it back any time soon. neil: this is hurting vladimir

putin as well. this decline in energy prices and might draw him back. what do you think of that? >> it's about $108 break even in russia. so he's taking it in the shorts right now with $78 per barrel. it's not very cost effective. and a large part of his economy is based upon oil revenues just like the middle east. so, you know, that's good news for us. i think the ukrainians. secretly should celebrate and maybe these little green men running around you, eastern ukraine won't be as well funded in the near future because of this. neil: vladimir putin has a lot of other money and a lot of other friends. also have a lot of money. we'll see how that sorts out. always great. bob. in the meantime, this economy, a lot of you feeling down about it. right? tony robbins is here to pick it back up in the most unusual way.

>> has there been a time where you looked at a woman and thought you were better than she was. >> all the time. >> one specific time when you were really shallow. >> oh, yeah. [laughter] >> come out. so,as my personal financial psychic,

i'm sure you know what this meeting is about. yes, a raise. i'm letting you go. i knew that. you see, this is my amerivest managed... balances. no. portfolio. and if doesn't perform well for two consecutive gold. quarters. quarters...yup. then amerivest gives me back their advisory... stocks. fees. fees. fees for those quarters.

yeah. so, i'm confident i'm in good hands. for all the confidence you need. td ameritrade. you got this. neil: well, we're still down. we're still emotionally down. leave it to tony robbins to at least try it and make us up. the man walking on coal might make us run to the bookstore. it's been a while since tony has aweakenned the

giant within. and proved that not only business guys are in the self-improvement. well, we are. and right about now we all could use a pep talk. six years into an economic recovery a lot of us aren't feeling it. this is tony's way of pulling a share and saying, snap out of it. this is money, master of the game. seven simple steps to financial freedom. tony's outreach to get us out of our collective funk. this time by tapping some of the finest investment minds on the planet. including the guy sitting next to him. eliot. but now with tony. he's sharing some of that investment wisdom. [no audio] good to have both of you. >> thanks for having us. neil: more than two decades since your last one. why this book, why now? >> thirty-seven years of my life i've been

looking for the ways to improve your life the fastest. you look at only a few areas. future relationships. it's your emotions, physical health and money. after 2008, i grew up in a tough environment. we had no money and no food at times. when people started losing their homes and half of what they owned, it wasn't a statistic for me. i wanted to participate in a solution. two years later, things hadn't changed. i was disappointed in what the government did. neil: who do you blame that on? >> i focus on what i do. i coached one of the top financial traders. he's made money every year for 21 straight years. neil: he was in a funk. right? >> short tough time. he's always been successful. i've had a chance to be beside him during the tech crash. beside him during 9/11. if i could interview 50 of the smartest minds on

the earth, and convert it in a seven-step process anybody could do it would be worth the mission. the book represents this four-journey. neil: you're talking about these top guys. this guy is no slouch. they -- their clients pay them big bucks. >> they do. it's because my average interview is supposed to be 45 minutes. it ended up two hours. i was going to take it so people could take advantage of it. they were truly generous. i would explain to people if i would work with them, i would show them what to do. if they don't go few fiduciary, they're going to get a salesman. i watched the video eliot made. it's brilliant. a bumpe butcher will sell you meat. maybe get off the red meat. so i went to eliot. made contact with him.

blown away. 3 billion in assets. fifth richest investor in the country. you're giving them transparency. how do you do that for 50 percent of america that has less money in assets. i have great businesses. let's do something like this. neil: why would you share that wisdom? >> we're trying to do is solve a problem. the reason why tony and i -- neil: what's the problem? >> the problem is the systems that are currently the entranched legacy of wall street are designed to do two things. they're designed to enrich the people inside the system, the people who work for the big firms and to drive shareholders of the institutions. they're not designed to deliver the maximum return to the client. and so i said, let's not argue with the system. let's not complain about the system. let's not fight about the system. let's not bash the system. let's take the system and retool it so it

benefits people. neil: when you talk to people, particularly young people, as you both know, they're very jaded. retail participation -- nothing like it was. >> here's a scary statistic. if you take a look at the boomers that need to be saving and should have been saving, the saving rate in the boomers is in mid-teens. which is lower than it has been historically. the saving rate among millennials is in negative 2 percent. neil: so how do you get them back from that. they're leading the parade saying it's a fixed game. >> it's showing them they can win. neil: you never see hints that it isn't a rigged game. >> yes, i do. neil: a lot of people say you're into it. you can succeed in the system. >> i make it clear where the challenges are. there's a whole section of the book about the nine lives sold to you. neil: they have to get commission. these guys get

commission. >> you want a fiduciary. either do it yourself or a fiduciary. someone legally loo out for your best interest. i went to the best on the face of the earth. ray. hundred $60 billion. ray, tell me if you couldn't give any of your money to your children, all you could do was give them a set of principles, a set of rules, maybe a portfolio and was going to make them wealthy long-term. he said i would do my whole weather portfolio. it makes money in almost any market. it's miraculous. he explained it to me. afterwards, i said this is beautiful. you told me to build a beautiful chocolate cake. no measurements. how much. it's the formula that matters. give me the secret sauce. neil: we're going to go longer on this obviously. part of what i think is going on here gentlemen, as i read a prompter for a living so i think i count as well. people are bummed. they're depressed. i remember years ago interviewing you at cnbc

you got out of your own funk at an old age and getting people out of their similar funk, but it's getting them out of their heads that's the challenge. >> you're absolutely. right. if you get a different strategy that works approximately iworks.results ma. change the state you're in. and, by the way, for example, you ever been angry at someone and suddenly you remember everything they've ever done that pissed you off? neil: like every marital stat. >> at the same time if you're head over he's like in love, what's wrong with the world? nothing. you have to have a strategy. ray gave me the formula of a version of weather without any leverage to it. i said, ray, you have to have a 5 billion net worth. 100 million to start. give us the formula. when you test this formula, back this by 75

years -- neil: why would these guys share this with you. >> perfect sis tense you're not going to take any new people anyway. neil: if i'm one of their paying clients, i'll be what the hell. >> this is not all. but it's the same principles. neil: do you practice the principles. >> this year when we lost 5 percent in two weeks, i saw my account go up because of his all weather -- 75 years the most it's lost is 25 percent that's the most ray lost. (?) eighty-five times it's been successful. and any market -- neil: how has it changed you? what are you investing in? i have his formula that i utilit utilize -- i have interviewed everybody. neil: do you do investing every day? >> i'm not a trader. i'm an investor. neil: you have a lot of money. you almost don't have to care.

>> i've been in a lot of companies. >> i think to that question when tony and i first met, he was four years into the book. he was committed to solving the problem. he realized in 2008 that if he was trying to help people with what he was doing in 30 years, if they couldn't make their mortgage payments, nothing he could do would cut through the fear of someone who couldn't make their bills. we were dealing with people from a different angle. neil: a lot of people say the markets have gotten ahead of themselves. whatever strategies better be short-lived because it's running out of gas. >> it doesn't make a difference if you're in a bull or bear market. if the person advising are putting you first -- neil: you get your options more conservative. how do you handle it? >> it doesn't make a difference from you're conservative or aggressive. the big difference if the person working with you is putting your interest first or work

for a business that's making money off you multiple ways. what tony's book describes and what my business sort of retooled in the industry is removing all those layers -- neil: and removing all the downs. people doubt everything -- >> they know there is something real. i do i do want to give you one last thing. the idea of value. his structure allows him to make money in any market up and down. the reason, most people have a balanced portfolio, 5060 in stocks and bonds are not balanced. when you think you're balanced you're 95 at risk. neil: what about real estate. >> real estate is a whole different market. here me for a moment. the balance he does is shows you how to balance risk. when you balance risk, you don't have ups and downs. in 2008, if you had a balanced portfolio be with you lost. because it's not balanced. it shows people how to take back control so you don't have to trust. you're able to use the system because you understand it.

neil: you might have a future in this persuasion thing. eliot a real pleasure meeting you. you're a lenld. all you people feeling bummed out, get out of it. see you tomorrow

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