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Home » Joe Rogan Podcast: #2474 with Dave Smith (Transcript)

Joe Rogan Podcast: #2474 with Dave Smith (Transcript)

Editor’s Notes: In this episode of the Joe Rogan Experience #2474, Joe Rogan sits down with comedian and political commentator Dave Smith for a wide-ranging discussion that spans from high-stakes market bets to the intricacies of modern combat sports. The pair dives deep into recent MMA highlights, including the psychological shift in the Leon Edwards and Kamaru Usman rivalry, while also critiquing the current state of sports officiating and government transparency. From lighthearted banter about the addictive nature of video games to serious reflections on political investigations and insider trading, this episode offers a compelling blend of humor and unfiltered social commentary. (March 26, 2026)

TRANSCRIPT:

Oil Bets, Tariffs, and Government Corruption

JOE ROGAN: 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.

DAVE SMITH: It was a good bet. It just wasn’t timed right.

JOE ROGAN: I thought you got it in on time. I thought you got it in like five minutes early.

DAVE SMITH: I did not.

JOE ROGAN: How is there not a massive investigation into that right away? Didn’t someone make like $1.8 billion? Yeah, in like five minutes.

DAVE SMITH: Yeah, there’s a lot of those trades like that that should be investigated. That kind of never are, bro.

Howard Lutnick and the Tariff Controversy

JOE ROGAN: How about — what’s his name? Lutnick? Yeah, how about that one? The tariffs one.

DAVE SMITH: He’s so — he’s working for the administration and also standing to gain huge if people can sue over the tariffs. Right.

JOE ROGAN: Well, explain the whole thing. Do you know the actual details of it?

DAVE SMITH: No, I don’t really.

JOE ROGAN: 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 meanwhile, he was shorting the tariffs.

DAVE SMITH: Yes. Yeah. So he was personally shorting them.

JOE ROGAN: Let’s find out what that actually is so we don’t get sued. He’s a quite litigious gentleman.

DAVE SMITH: Yeah, he might be.

JOE ROGAN: See if we can find it.

Lutnick’s Epstein Connection

DAVE SMITH: Well, especially just him, because — so the way — there’s something about a really confident liar, like, where they just — because 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.”

JOE ROGAN: Is that really the quote?

DAVE SMITH: Oh, dude, I haven’t seen that. I don’t know if it’s verbatim, but that is the exact spirit of it.

JOE ROGAN: It would probably be pretty verbatim. Let’s listen to it.

DAVE SMITH: Listen to it. I find it very, very close to exactly what he said. What was this — Lutnick interview about Epstein? And he just sounds so morally outraged about the idea.

JOE ROGAN: There’s so many people that exist in that world where you just pretend that you’re a different person. You pretend you’re one way. You pretend you think things differently.

DAVE SMITH: I’ve been up close with people like that. That was my takeaway from debating Chris Cuomo. I just — it’s a weird thing to see someone just lie like that.

JOE ROGAN: 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.

DAVE SMITH: It was — let me see, the keywords that would downplay his relationship with him. That might be it.

JOE ROGAN: There was something on the other thing, but I don’t know. What does he do?

DAVE SMITH: He’s — he’s a Commerce Secretary. He was always like a money finance guy. I think he used to work for CNBC, if I’m correct.

JOE ROGAN: In this administration, it’s like the wolves have taken over the hen house.

DAVE SMITH: Yeah, they sure have.

JOE ROGAN: This is —

DAVE SMITH: This is what draining the swamp looks like.

JOE ROGAN: Under fire for Epstein ties. Commerce Secretary Howard Lutnick defends visiting his private island.

DAVE SMITH: Yeah, but this isn’t the clip. The clip was from —

JOE ROGAN: Oh, 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, you met him once. Or like, this guy sucks.

DAVE SMITH: 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.

JOE ROGAN: Nobody likes “the right kind of massages.” Those are terrible. Imagine if those were legal, just hand job massages. There’d 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 downplayed his relationship with Epstein during Senate testimony. I don’t know. Is this it now?

DAVE SMITH: This is from recently. This is from this year.

Cantor Fitzgerald and the Tariff Refund Scheme

JOE ROGAN: I did find an article that — I don’t even know what this website is, though.