Episode 1837 Scott Adams: Is E.S.G. A Form Of Fascism, And Is The Mar-a-Lago Affidavit Legitimate?
Episode Stats
Length
1 hour and 2 minutes
Words per Minute
139.50018
Summary
If you were to pick one person that you would trust to tell you what is going to happen with the stock market in the long term, who would it be? Who would you trust? Warren Buffett? Laura Ingraham? Liz Cheney? Scott Adams?
Transcript
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Good morning everybody, and welcome to the slightly late, yet better than usual, Coffee
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with Scott Adams, a highlight of civilization, best day of your life, until tomorrow.
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And how would you like to pump it up a level, see if we can take this to the max?
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I'm talking Uber, I'm talking extreme, yeah, you'd like that, and all you need for that
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is a cup or a mug or a glass, a tank or a chalice or a stein, a canteen jug or a flask, a vessel
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of any kind, fill it with your favorite liquid, I like coffee, and join me now for the unparalleled
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pleasure, it's the dopamine hit of the day, the thing that makes everything better, it's
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called the simultaneous sip, and it's happening now, go, oh god, that's so good, oh that was
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a fresh one, that was good, shall we start with the good news, does anybody want the optimistic
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take on today, I got it, if you were to pick one person that you would trust to tell you
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what is going to happen with the stock market in the United States in the long term, who
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would it be, no fair saying me, no, no, because you know where I get my information, I get my
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information from the person I'm going to talk about, yeah the answer is Warren Buffett, Warren
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Buffett is still investing substantially in United States stocks, just bought a bunch of
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Apple, bought some other big investments, he has Coca-Cola, Bank of America, some other
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stuff, and here's what you need to know, if Warren Buffett is still investing big in
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America, he hasn't been wrong yet, it was something like 70 years of investing, and for 70 years
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he's been saying the same thing, don't bet against America, and then he puts all of his money in
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America, and it works pretty much every time, so if Warren Buffett thinks the economy is at
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least strong enough for him to invest in America, well, maybe you should too, that's pretty good
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news, no, I'm not telling you you should invest, that would be investment advice, which I don't
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give, I don't give, but it's worth noting that the person who can give such advice is investing
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in America, well, here's a little quiz for you, I'm going to see how many of you get this
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right, Rasmussen had a poll in which they were asking about the popularity of Attorney General
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Garland, and I want to see if you could guess what percentage of likely voters think that
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Attorney General Garland is doing a better job than most previous Attorney Generals, anybody
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want to take a, well, how are you doing this, what, what, how could it be that all of you
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are so close to the exact right answer, it's 26%, how do you do that, how do you do that,
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wow, okay, look out for the fake Laura Ingraham quotes, are you seeing them all over the internet,
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right, so it's something taken out of context, so what Laura Ingraham did say, on I guess
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a podcast, somebody else's, that we'd see if, we'd have to wait and see if voters are tired
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of the, you know, the drama of Trump and are ready for something else, so she was speculating
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about maybe the voters would have a certain attitude at this point, and that got turned
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into Laura, Laura Ingraham's turning on the president, or turning on Trump, now, is that
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what you heard, if somebody says the public might be, you know, they might be ready to turn
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the page, but I don't know, does that sound like she's turned on the president, no, it sounds
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like she's making an observation that literally every person in America has made, is there even
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one person in America who has not made the following speculation, huh, I wonder if America's had
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enough of this, it literally is closer to saying absolutely nothing than it is to saying something
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surprising and newsworthy, because there's literally no one in America who hasn't at least
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asked the question, not talking about themselves, but at least asked the question, are other people
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maybe over it, you know, and want something different, and that turned into, you know, now it's like a big
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story, literally nothing. So here's the biggest story that I don't know anything about, and I'm excited
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anyway. Do you think I would be stopped by a complete lack of useful information about a story?
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No. Have you met me? No, I'm not going to be slowed down by a complete lack of information.
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I'm going to take the most positive spin I can take, and I'm going to give you my hot take on it.
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Are you ready for it? So you remember there was a company, or it still is, called WeWork,
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work, and it got really big, and then there was a scandal. Liz Cheney was defeated by a melted
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popsicle. We have carpe donctum as letting us know. Good to know? Anyway, this WeWork company,
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at one point it was worth $46 billion, but now it's only worth $4 billion, and there was some
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scandal, but none of that matters. Here's what matters. The founder has a new startup that's
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already valued at a billion dollars, and here's what excites me about the startup. It's being
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funded, at least, I don't know if entirely or in part, by Andreessen Horowitz. Now, what's
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that tell you? Do you know enough about investing to know if Andreessen Horowitz is in big?
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That that means something? Right? It probably means something. That's not a company that invests
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big in something that's not a pretty darn good idea with somebody who knows how to operate,
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a good operator. All right? Yeah, Marco Andreessen invented Netscape, went on to create maybe the
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most substantial, or at least the most storied venture capital firm around. So they're in,
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but let me tell you what the service is. So this is extremely vague, but I'm going to tell you why I'm
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excited about it. So he's creating some kind of community-driven, experience-centric service
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to deal with the fact that there's a housing crisis. How do you interpret that?
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Well, I'm going to over-interpret it. Here's my interpretation. How long have you heard me say
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that the problem with home ownership and renting, really all of our housing, is that it's just poorly
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designed? It's not designed from the ground up to meet our lifestyle and our needs. I think what he's
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doing is designing a place you can live that's right from the ground up. Now, when I hear it, I hear,
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if you gave me, here's the example I use all the time. The best lifestyle I ever had was in a
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cinder block room with one other person, my roommate, in college, a college dormitory,
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with a shared bathroom down the hall. It was the best living experience I've ever had.
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The second best is a 19,000 square foot mansion that requires an army of people to maintain it
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and takes all of my time, and every day I wish I didn't have to do it.
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Even the best kind of home ownership kind of sucks. It does. I mean, there are tons of benefits,
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right? You know, that's why you do it. But every day I wish I didn't own a home. I wish there was
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some other way to just lead my life without the burden of owning a home.
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And I could afford a different kind of home. The reason I built my own home, which costs
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approximately twice as much as buying, if you've ever tried to build a house, you know, it's pretty
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expensive. The only way you can get something that's even modestly acceptable is to build it
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yourself. Because there's no home builder who's building homes for our modern lifestyle that fits
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our economics and our health needs and our social needs and all that. I've got a feeling that this
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WeWork thing, and largely because Andreessen Horowitz is behind it, I've got a feeling that they're
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going directly at the lifestyle part of living. Because homes are built as little, let's say,
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little containers. They're built as containers for people. Oh, we built a good container,
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but we'll put you in the container. But if you started from how do you make an awesome life,
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how do you create a situation where you're naturally interacting with people in a way that's positive?
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You're not secluded in your little cell. You have some kind of reason to deal with other people.
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And it might be something like, for example, one of the best things about college was the
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cafeteria. So the cafeteria was everything you wanted was free once you'd paid a monthly fee.
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So you could eat as much as you wanted of anything you wanted. And it was a really good
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cafeteria. The choices were awesome, and they changed all the time. And I never had to cook.
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I never had to clean dishes. I never had to shop. I never had to follow a recipe. And I ate great food
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every single day. It turned out that our cafeteria in my college was a model cafeteria for the company
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that managed cafeterias for colleges. So whatever was the best stuff they wanted to use to showcase
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their other stuff, they were doing it at my little college. So we had just a great situation.
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Now, if you said to me, Scott, I will take away your gigantic house that you designed yourself,
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and I will give you a space that's got a nice view, and a cafeteria, and you'll have a reason
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to interact with other people. It'll be healthy. I feel like I might go for it. If it met my basic needs,
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had enough rooms, and had an office, for example, I feel like it would be better.
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Yeah, it's like assisted living, but maybe... Yeah, actually, it is like assisted living,
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except maybe the turbo version of that for younger people. So like I said, I think residential housing is
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the biggest market in the next 50 years. It will dwarf everything else. And the reason is,
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we're going to have to tear down and rebuild everything. Because there are no homes in existence
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that meet our lifestyles. Not even close. Like housing is completely broken, and it's going to be disrupted.
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So are you following the Berenson case, where Berenson got kicked off of Twitter for... What's his
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first name? Why am I forgetting his first name? Berenson... His first name? Alex, right. Alex Berenson.
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So he was saying lots of things that, let's say, the experts did not think were true about the
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pandemic. So he got booted off of Twitter, but now apparently they're going to let him back. And
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there's some documentation showing that the Biden administration may have been encouraging Twitter
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to kick him off for misinformation, according to them. Now, I'm going to test you here.
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Probably most of you are familiar with Alex Berenson, a famous, let's say, skeptic of the government's
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handling of the pandemic. In lots of different areas, he was a skeptic. Now, was he proven right in
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the end? Go. Was Alex Berenson proven to be right after all? Go. Comments. I'm seeing a wall of yeses
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over here. Some not reallys. Don't know. Yes, 25%. Yes, yes, yes. Some knows. Some knows. But mostly
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yeses, and some people don't know. So my audience thinks mostly he's been proven right.
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But I didn't see any of that. Are you sure you're not hallucinating? Because I literally
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didn't see him get anything right that I'm aware of. So maybe has anybody done like a report
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card for his predictions? Here's what I think happened. I believe Alex Berenson got famous for
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being really bad at analyzing data. But every time he was really bad at analyzing data, he
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would come to the same conclusion that the government was lying and wrong about whatever
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it was telling you about everything. Now, what would happen if instead of being bad at analyzing
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data, you were just somebody who didn't analyze any data at all? And you just said, I'm going
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to go out there and make a prediction that the government is lying to you. And what they're
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saying is not quite correct. How well would you do? So it's the fog of war. It's a pandemic.
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Nobody really knows anything. So you go out there and you make yourself famous by saying
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the government's wrong about everything. How would you do as a public figure? Really well.
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Really well. In fact, people would come to believe that you were sort of magic because you kept
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being right about stuff. Except that the way he got there is by being amazingly wrong at
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analyzing anything. That's how it happened. He analyzed incorrectly just study after study.
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That's what it seemed like to me. Right? So this is my subjective impression of what was
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going on. So it looked to me like he got everything wrong, but he got the right outcome or something
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close to it. So it drives me crazy because you knew that there would be people guessing on both sides
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and whoever guessed right would say that they were wrong. They were right all along and it was obvious
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and you shouldn't believe them. But it's sort of a trick because either the government was going to
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be mostly right and it would have been good to follow their lead, or it would turn out that
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maybe they were more wrong than right. It was going to be one of those things. And there were people on
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both sides. So one of the people, let me ask you this, the people who were completely opposite of
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Berenson, how close were they to being correct? The people who were completely opposite of him,
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how close were they to being correct at the end of it? Now that we can see things a little bit
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clearly. I think you're saying not close. Yeah, of course, I'm priming you for this answer.
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Well, the opposite would be, I guess the opposite would be that masks do work, the vaccinations do
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stop the spread, that they are safer than not getting them, that that is good for children.
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That sort of thing. I would say they're mostly, at best, half right, at best. So the people on the
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other side from Berenson didn't come out too well. But what did I tell you in the beginning of the
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pandemic? My clearest, most often repeated warning. Everybody's guessing. Somebody's going to guess
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right. When it's done, whoever guessed right is going to claim genius. That's what happened.
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That's what happened. I called that exactly. However, we have the two movies on one screen
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phenomenon. So we have both sides with opposite opinions claiming victory after it's all done.
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The people who are pro-vaccination will tell you, well, sure, you know, it didn't stop the
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transmission so much. But it sort of did in the first variant a little bit. But mostly
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it kept people from dying. So that's a big win. Right? That's what they're saying. They're
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saying, yeah, you know, wasn't as good as we hoped, but it saved millions of people. So
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darn good thing we did it. We better give it to those children. And by the way, as far as
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I know, do a fact check on this, 100% of all civilized, let's say, industrialized countries,
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if that's even the term anymore, I would say 100% of all industrialized countries believe
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that the vaccinations are and were a good idea. Fact check me. There are no civilized countries
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who think the vaccinations were a bad idea. Can you fact check that? Now, I'm not saying
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that they're right. I know most of you are anti-vaccination. And I'm not disagreeing with
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you. I'm just asking you what the facts are. And if we're all aware of the same facts, see
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if we're on the same page. In my opinion, I think 100% of the industrialized countries are
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on the same page, which most of you think is wrong still, right? That one's kind of hard
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to explain, isn't it? Kind of hard to explain. Now, remember, if somebody stopped vaccinations
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during Omicron, you know, that's where opinions start to diverge legitimately, because Omicron
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is a different level of risk. The problem was the lack of conversation. The WEF explains
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it. So you think it's the WEF that explains everything? So one view would be that all of
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the industrialized medical communities are slaves to, what, the WEF? Or slaves to possibly
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Fauci. Because I wonder if the American medical community, if you got COVID after getting a
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vaccine, you have a trigger that others don't. Okay, maybe. Could be. Could be. All right.
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So we're not talking about whether any of this is true or not true. Those conversations are
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no longer interesting. But I do think it's fascinating watching the Berenson phenomenon.
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So one view is that, and by the way, I think that he's valuable, although mostly wrong.
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Valuable, but mostly wrong. That's my opinion. You need somebody on the other side of a big issue
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like this. And he was, he did a good job as a, you know, making attention on the, you know,
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hey, maybe we should, you know, tap the brakes on this. So I think he did, I think he was a solid,
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in my opinion, I think he added. But it's a controversial opinion. I think he added to the process.
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All right. Would you like an update on the 13th hoax? Everybody knows what the 13th hoax is, right?
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So the 13th hoax is that Trump had any kind of important nuclear secrets at Mar-a-Lago.
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To me, to me, that's ridiculous. Or at least that he knew about it. You know, that the suggestion that
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he knew about it, and there were sensitive nuclear secrets, and he didn't want to give them back?
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No. No. There's no chance that's true. Really. People. There's no chance that's true.
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Just thinking through. Trump had sensitive nuclear secrets, put them in a warehouse in Mar-a-Lago,
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had some reason to keep nuclear secrets. I don't know what that would be.
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And when asked to return them, refused. That's sort of the story we're being told.
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There's no chance that's true. None. I mean, really, there's no chance that's true.
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Anyway, so here's my summary of the 13th hoax. And I have to do it in this accent.
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So that's the tagline for the 13th hoax. Fool me 12 times, not going to fool me again.
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So I saw Greg Goffeld mention this, and I was just sort of catching up.
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A few days ago, historian Michael Beschlos asked this question on Twitter.
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He said, any possibility that certain foreign governments Trump loves wanted American nuclear secrets from him?
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Now, Michael Beschlos, and this is what Greg pointed out, I thought he was like a serious historian.
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He's somebody we've been seeing for years, talking about presidential history, etc.
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What I didn't know is that he apparently is associated with NBC News.
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I don't think Trump is selling nuclear secrets to foreign countries by storing those documents in Mar-a-Lago.
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When Beschlos says, is there any possibility Trump might want to sell nuclear secrets to some foreign country,
00:24:19.480
And what I mean is, is he saying something that's purely political and we should recognize it as such?
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You know, on Twitter, people make, like, you know, incredible hyperbolic leaps to the absurd.
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But if you know what it is, then you put it in context.
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Oh, that's one of those hyperbolic absurd statements.
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Or does he actually think we should believe this, that this is on the table, there's a possibility of this?
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But then I was informed that he worked for NBC.
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NBC, the entity most closely associated with, allegedly, the CIA.
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Is the CIA wanting us to believe that Trump is selling nuclear secrets to a foreign country?
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But it would be consistent with what we've seen from the CIA in terms of trying to affect internal politics before.
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And, you know, I like this what-if thing that the Democrats are doing.
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What if Democrats are intentionally creating more right-wing extremists to justify their tactics against regular Republicans?
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All I'm saying is that all of their actions are consistent with them needing to create extremists because there are not enough of them.
00:26:20.460
So, they seem to be doing things that, when you look at them, they seem only designed to create extremists.
00:26:26.360
And I think to myself, shouldn't you be trying to reduce the number of extremists?
00:26:36.560
And I thought, it doesn't look like they're trying to decrease it.
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It actually looks like they're trying to increase it.
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I'm just saying they're acting like they're trying to create more extremists.
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Here's a little story for you that should make you feel good.
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And so, Twitter, I guess the Department of Justice has found guilty an employee of Twitter who formerly was of Walnut Creek, California.
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Do you know where Walnut Creek, California is compared to me?
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So, this guy from Walnut Creek, but he wasn't working in Walnut Creek at the time.
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And he's accused of, and apparently they have evidence of,
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that he was giving private Twitter information to Saudi Arabia and the Saudi royal family,
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specifically about critics of Saudi Arabia, I assume.
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So, there was an insider, but here was his job.
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He was the media partnership manager for the MENA region.
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Do you think that somebody with the title media partnership manager should have access to private Twitter information?
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What kind of job has access to the private Twitter information?
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Could the manager of media partnerships look at my direct messages?
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Can my private direct messages be seen by the media partnership manager?
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But apparently, I mean, according to the legal system, yes.
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Now, how many other Twitter employees can look at personal information of people?
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How many Twitter employees can tweak the algorithm to change the results?
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Are there lots of people who could make a change in their little area, but as long as it compiles right, nobody really knows?
00:29:21.400
If you told me that an employee who is the manager of media partnerships could access private Twitter data,
00:29:38.580
So, if you think this is bad news, I think you're just a pessimist.
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Because here's what you should think is the good news.
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Despite the fact that Twitter had this fairly massive hole in their security,
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don't you feel good to know that all 50 of our election systems in the United States don't have this kind of problem?
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They don't have an insider who has access to anything or could change anything.
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And I feel as if we don't give enough credit to the programmers for our 50, I guess they're 51, different election systems.
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Because even the paper stuff has to be reported digitally.
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So, all the systems have some digital connection.
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And unlike Twitter, and I think some of these state election people,
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maybe Twitter should hire them to find out how they do it.
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Because Twitter, you know, you probably thought Twitter was like a big billion, multi-billion dollar company.
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And you're thinking, well, they hire the best security people.
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But obviously they're not operating at the level of each of these state election systems.
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So the state election systems that have operated flawlessly without any insider problems whatsoever
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And not only do they do it, they do it every election, time after time.
00:31:13.780
So they're doing it for congressional, local elections, you know, state elections.
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The internal digital security for all 51 of these elections is tight as a gnat's ass, as my dad used to say.
00:31:37.540
And isn't the obvious thing is that Twitter should just hire some of these people to teach them
00:31:42.740
how not to have any insiders working for your company,
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So a lot of you are looking at the negative side of this.
00:31:54.860
The positive is that our election systems have figured out how to do something that Twitter can't do for data security.
00:32:01.420
You know, what's interesting is that not only can Twitter not do it,
00:32:11.640
Google hasn't figured out how to never have an insider do something bad.
00:32:16.140
But all 51 election systems have nailed that in standing ovation for our election systems.
00:32:32.580
no problems with insiders doing things that we don't know about.
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That's the kind of accomplishment that does not get heralded as much as it should.
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So, let's all take a moment to thank the excellent men and women
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who are working on our election systems, the digital parts.
00:32:57.540
All right, so the DOJ says it's not going to release the affidavit,
00:33:02.540
the part that tells us anything interesting about the Mar-a-Lago situation.
00:33:16.000
I don't know if I've ever mentioned that before.
00:33:22.000
Yeah, actually, Tom Fitton told me himself he was not an attorney,
00:33:36.060
He does have too many muscles to be an attorney.
00:33:40.000
Are you allowed to have that many muscles if you have a law degree?
00:33:44.540
I don't think I've seen anybody with arms that big
00:33:48.240
so I think there's some kind of prohibition against that.
00:33:59.960
we're just going to wait and see how this lawsuit turns out,
00:34:04.260
which is an interesting, weak way to say it, isn't it?
00:34:07.560
And I think Trump came out a little bit stronger in favor of it,
00:34:11.640
but not until he found out it wouldn't be released.
00:34:14.060
I think Trump is confident that it won't be released,
00:34:48.200
And if you don't follow Jack Posobiec on Twitter,
00:34:55.060
because he just hears stuff before other people do.
00:35:33.000
and then you can talk about everybody talking about it,
00:35:50.020
Most likely the affidavit is complete bullshit,