Real Coffee with Scott Adams - Episode 1958 Scott Adams： The News Is Full Of Fakeness And Bad Opinions. Let's Have A Laugh

00:00:00.880 Good morning, everybody, and welcome to the highlight of civilization.

00:00:05.440 It's called Coffee with Scott Adams.

00:00:06.980 There's never been a finer thing that ever happened in your whole life.

00:00:10.340 And if you'd like to take it up a level, it's not hard.

00:00:13.860 All you need is a cup or mug or a glass, a tank or chalice or stein, a canteen jug or flask, a vessel of any kind.

00:00:23.220 Fill it with your favorite liquid.

00:00:26.180 I like it.

00:00:28.060 I like coffee.

00:00:29.220 Stop doing funny memes while I'm trying to do this.

00:00:32.920 Over on the locals' platform, they can do photos in their comments.

00:00:38.840 You're killing me.

00:00:40.080 You're killing me.

00:00:41.400 All right, it's time now for the dopamine hit of the day, the unparalleled pleasure.

00:00:48.720 Go.

00:00:52.320 Oh, yeah.

00:00:56.180 Is the mug picture wrong?

00:00:57.640 Oh, you're right.

00:00:59.220 I just realized that the finger grip is a little bit wrong.

00:01:02.760 It should be a two-finger grip, two inside.

00:01:05.820 Yeah, good point.

00:01:06.460 Well, here's a little lesson on how to handle your critics.

00:01:14.020 Tech magnate Mark Andreessen wakes up to find that there's a meme going around in which there's like a competitive playoff kind of a grid.

00:01:27.360 And people are being asked to vote on the worst people in tech, the worst people in tech, and Mark Andreessen is one of the so-called competitors for the worst people in tech.

00:01:41.660 So he wakes up and sees this is trending on Twitter, and he replies, seriously, though, any day the communists are still in favor of voting is a good day. 0.68

00:01:52.480 Pretty good.

00:01:53.480 Pretty good.

00:01:54.480 Pretty good.

00:01:55.480 Pretty good.

00:01:57.480 Pretty good.

00:01:58.480 Pretty good.

00:01:59.480 Pretty good.

00:02:00.480 You know, the best you can hope for is that your retort is more clever than the attack.

00:02:05.820 And that's definitely more clever than the attack.

00:02:10.420 All right.

00:02:11.100 There is a thread by Cliff Sims, who I guess worked in the DNI under Trump.

00:02:18.200 And he tells this story about, he tells two stories about dealing with the press and how the press just won't listen.

00:02:25.800 You know, they come in with a narrative.

00:02:28.100 He's talking about Natasha, Bertrand in particular.

00:02:30.480 But people were asking Ratcliffe, the head of the DNI, when the Hunter laptop thing came out, the press was saying, some people were saying it's Russian disinformation.

00:02:44.580 And Ratcliffe, who would be the one person in the world most qualified to know if there's any evidence for Russian disinformation, said from the start, no, there's no evidence whatsoever it's Russian disinformation.

00:03:00.480 And then how did it get reported?

00:03:03.260 Well, you know, it might be Russian disinformation.

00:03:06.280 There's just nothing you can tell.

00:03:09.040 There's no expert.

00:03:10.400 There's no fact.

00:03:11.160 There's just nothing you can say to the media that will stop them from writing a biased thing.

00:03:16.980 But you have to see Cliff Sims' full thread.

00:03:20.920 It's in my Twitter feed this morning, if you want to find it.

00:03:23.600 Or you just go directly to Cliff Sims.

00:03:27.420 Fake news this morning, some of you might have seen.

00:03:30.060 There's some kind of House Oversight Committee hearing.

00:03:34.760 And Congressman Michael Cloud was talking to a representative in Colorado.

00:03:43.280 There was some witness who was testifying.

00:03:45.240 I think it was this morning, maybe yesterday.

00:03:47.280 And the witness said that for kids thinking about their gender confusion, that the age of consent for mental health therapy is 12.

00:04:03.980 In other words, if you're a 12-year-old, apparently at least within the school system, I think, maybe the medical system too, you can ask for mental health help.

00:04:15.380 But it's just the mental health part.

00:04:20.620 And apparently they have the right not to tell your parents.

00:04:23.600 Now, if there's anything dangerous going on, of course parents have to be notified immediately.

00:04:28.800 But just in terms of giving them therapy, I didn't know this, but the law is 12 years old.

00:04:33.900 I think it might be 16 in California.

00:04:36.560 I'm not so sure.

00:04:38.060 It might be different by state.

00:04:39.980 But here's the fake news part.

00:04:41.440 Congressman Michael Cloud tweets out,

00:04:44.760 In today's House Oversight Committee hearing, a far-left Democrat witness said that parents have no right to know if their kids are going through sex changes.

00:04:52.780 That never happened.

00:04:56.420 And then he tweets the person testifying who doesn't say that.

00:05:03.700 She talks about mental health therapy talking to him.

00:05:08.900 Now, you could argue whether they should be allowed to talk to a mental health expert at the age of 12 without parental consent.

00:05:16.460 That's a fair discussion.

00:05:19.760 But they're not talking about a 12-year-old.

00:05:24.460 Julian, read.

00:05:26.240 I'm just saying that he tweeted something that says the opposite.

00:05:29.700 In other words, he tweeted the actual witness.

00:05:32.600 I listened to the whole thing she said.

00:05:34.900 And she very clearly specified mental health therapy.

00:05:39.040 She never said a sex change operation a 12-year-old can get.

00:05:42.920 This is a terrible rumor.

00:05:45.420 This is really bad.

00:05:46.940 Because you realize that 40% of the people on the right will forever believe this happened.

00:05:52.640 There's nothing I can do to make people think this didn't happen.

00:05:56.160 This is like the drinking bleach hoax.

00:05:58.860 Once it's out there, it's just out there.

00:06:01.700 So now politics will be completely dominated by a fake belief that 12-year-olds can get a sex change operation without talking to their parents.

00:06:13.780 That's not true.

00:06:16.060 That's not true.

00:06:18.060 And, you know, there's a congressman tweeting it today.

00:06:22.480 All right.

00:06:22.780 And by the way, if it turns out I'm wrong about that, and a 12-year-old can get a sex change operation without their parents being involved,

00:06:32.500 if I'm wrong about that, we need to fix that, right?

00:06:37.880 Can we all agree?

00:06:39.880 There's no way that can stand.

00:06:42.120 That can't stand.

00:06:43.540 But it's not true.

00:06:45.240 So if anybody can, you know, make a case that that's true, let me know.

00:06:48.940 There's no way that's true.

00:06:50.000 All right.

00:06:54.440 So Musk has apparently, some people would say, reversed his position, but I don't think it's that clear.

00:07:01.500 On Twitter accounts that track the location of airplanes or people.

00:07:09.340 So if your Twitter account is dedicated to just saying where somebody's going to be,

00:07:14.360 specifically celebrities and famous people, then you will be banned on Twitter.

00:07:20.340 Now, prior to that, he had actually said explicitly that that would be okay.

00:07:24.920 But apparently he had some security concerns of his own, and it wouldn't be surprising if that influenced his opinion.

00:07:33.120 But he reports that, this is a Musk tweet, he said,

00:07:37.520 Last night, a car carrying Lil X.

00:07:40.500 Now, I don't know who Lil X is. 0.99

00:07:43.580 A rapper?

00:07:44.680 Famous rapper?

00:07:45.760 Maybe?

00:07:46.800 Lil X?

00:07:50.280 That's his son?

00:07:51.160 Oh, my goodness.

00:07:54.540 Okay.

00:07:56.080 I didn't realize it was his son.

00:07:57.780 Okay.

00:08:00.240 But was followed by a crazy stalker, thinking it was Elon, who later blocked the car from moving and climbed onto the hood.

00:08:09.980 And he's taking legal action against whoever, I don't know, somebody.

00:08:14.580 But what do you think about that?

00:08:20.160 Do you think that Musk reversed his opinion?

00:08:24.340 Or do you think he's just acting to block things that are obviously inciting violence?

00:08:29.340 Because here's what changed.

00:08:34.220 What changed was the environment.

00:08:37.200 Right?

00:08:37.680 When whoever was started tracking Musk's airplane, because I think that's maybe where it all started.

00:08:43.600 There was a Twitter account that would just say where his airplane was going.

00:08:47.220 That was before Musk was really targeted so much.

00:08:51.640 Because it was either when he was thinking about buying Twitter or hadn't yet.

00:08:56.360 But once he bought Twitter, his own personal security was a different situation.

00:09:04.340 And if his own personal security is a different situation, then telling the public where he's at could be physically quite dangerous.

00:09:14.340 Right?

00:09:14.440 So, do you think that if somebody is the type of person who could be targeted, and Musk is clearly that type of person,

00:09:27.260 do you think that it incites violence to simply track him and say, here he is at this time?

00:09:34.680 Does that incite violence?

00:09:38.640 It does accidentally.

00:09:41.340 Yeah.

00:09:41.640 It does not by intent.

00:09:43.000 Well, there could be intent.

00:09:45.940 I mean, you could imagine somebody having intent.

00:09:48.180 But I don't believe the original tracker had that intent.

00:09:52.040 But in terms of does it have that effect?

00:09:54.980 Absolutely.

00:09:57.060 Does it have the intention?

00:09:59.240 That's not an evidence.

00:10:00.880 But does it have the effect of inciting people because they know where you are and they're already mad?

00:10:06.640 Of course.

00:10:08.000 Absolutely.

00:10:08.480 Now, I heard some pushback saying that Musk was saying he would only ban you if he did things that are against the law.

00:10:17.780 Right?

00:10:18.680 Things that are against the law.

00:10:19.840 But is it against the law to tweet that somebody's airplane is at a certain airport?

00:10:28.400 No.

00:10:29.020 It's not against the law.

00:10:30.360 So, is Musk now being inconsistent because he says we won't do anything that's, you know, not against the law?

00:10:37.480 All right, well, here's the argument for him.

00:10:43.520 Inciting violence is illegal, isn't it?

00:10:46.660 Or is it?

00:10:48.380 Is inciting violence legal or illegal?

00:10:52.040 I thought it was illegal.

00:10:53.900 Maybe it depends where you are in the context.

00:10:56.720 But is he supposed to wait until somebody gets hurt?

00:11:01.100 Because that's when the law is broken when somebody gets hurt.

00:11:06.740 He's changing it before somebody gets hurt.

00:11:10.560 Is he compatible with the law or is he incompatible with the law?

00:11:15.620 He's saying if somebody does this, somebody might get hurt.

00:11:19.660 But he's stopping them from doing the crime.

00:11:22.740 But he's also stopping people from having information that would not be part of a crime.

00:11:27.760 So he's doing both.

00:11:31.100 All right.

00:11:35.440 What?

00:11:37.040 Why are you here, Sean?

00:11:43.780 Somebody's on here just to bother me.

00:11:46.480 Sean, can you just fuck off?

00:11:49.480 Like, I'll delete you after I'm done.

00:11:51.740 So you're not going to be on the platform when I'm done.

00:11:54.200 But I'm looking at your comments and you're just,

00:11:55.780 he signed up for my subscription service just to be an asshole to me, apparently. 0.51

00:12:01.100 So what the fuck is wrong with you, really?

00:12:05.240 Just get off the platform.

00:12:06.560 Could you quit today?

00:12:07.660 I'll get rid of you.

00:12:09.720 Let me make a note so I can get rid of you later. 1.00

00:12:14.720 Sorry.

00:12:15.520 I have to just do this.

00:12:18.660 All right.

00:12:18.960 Sean, that's the last time I'll put up with your fucking face.

00:12:22.780 God, fucking assholes.

00:12:24.000 All right.

00:12:33.560 Let's go back to the show.

00:12:39.420 All right.

00:12:40.020 Well, no, it's not a troll.

00:12:41.440 See, the problem with trolls are a very specific thing.

00:12:45.220 There are some people who are just broken and they need to hurt other people in public for whatever reason.

00:12:50.940 I mean, this person is just fucking broken.

00:12:53.400 So you're out of my life forever.

00:12:58.280 All right.

00:13:02.860 So one thing I learned in 2022, here's a little tip for you.

00:13:08.280 Would you like a tip on safety?

00:13:09.880 If you're the kind of person that somebody might want to kill, and, you know, there are lots of them, the kind of person that somebody might want to kill, it's a good idea to let somebody that you don't like that much borrow your car.

00:13:27.520 I think I've heard at least three stories this year of somebody who got attacked because they had a borrowed car.

00:13:34.900 Have you heard those same stories?

00:13:36.400 Like, I think I've seen, or three of them this year, right?

00:13:41.580 Wasn't there the, was it the Russian?

00:13:44.660 Maybe it was the Russian whose daughter blew up because she was borrowed the car.

00:13:48.860 And then there's a story about, something about the Beatles that I heard.

00:13:55.040 I think one of the, now there's some celebrity who lets somebody else borrow their high-end car and got in trouble.

00:14:02.300 Yeah, there's a whole bunch of stories like that.

00:14:03.880 But basically, if somebody's trying to kill you, let somebody that you don't like that much borrow your car.

00:14:11.000 That's, that's my advice.

00:14:13.680 All right, Trump said that he's going to make a major announcement today.

00:14:17.020 Does anybody have any guesses what that is?

00:14:19.120 He says that we need a superhero.

00:14:22.900 Now, do you think he's talking about himself?

00:14:26.020 We need a superhero? 0.67

00:14:27.340 Because that would be so cringy, it's hard to believe he's talking about himself.

00:14:35.220 Now, he did show a meme of himself as a superhero.

00:14:40.180 So it could be he was just referring to the meme, and it's not really directly related to the announcement.

00:14:46.160 So maybe the superhero thing is just a diversion, and it's just because there was a fun meme and has nothing to do with anything.

00:14:54.800 Is that what you think?

00:14:56.860 Do you see, you think the major announcement and the superhero thing are disconnected, right?

00:15:01.500 They're just two things that happen at the same time?

00:15:03.260 Because yesterday I was speculating that he was going to say Cary Lake had joined his team or was going to be his vice president pick or something.

00:15:13.940 Now, if he did that, it would basically just throw the chessboard on the floor, wouldn't it?

00:15:21.780 It's basically just the whole game is up at that point.

00:15:25.460 At that point, everything is up for grabs.

00:15:28.940 Because if he has just an ordinary vice president, he doesn't have anything.

00:15:34.220 I think it would be hard for him to win.

00:15:36.340 He's seeing some crushing polls, you know, with DeSantis easily beating him in the polls and stuff.

00:15:42.360 Yeah, somebody says it could be a Dean Cain-related announcement.

00:15:47.060 But would that be a major announcement?

00:15:49.580 Let's say Dean Cain joined his team in some capacity.

00:15:54.740 That would sound like we need a superhero.

00:15:58.400 Maybe it's something like that.

00:15:59.760 He's so good.

00:16:00.580 Trump is so good at making us curious.

00:16:04.160 He's always been doing this.

00:16:06.020 And it works every time.

00:16:07.160 I hate that it works on me.

00:16:08.560 But I'm actually genuinely curious what he's got going.

00:16:12.800 Dean Cain played Superman in a, I don't know, maybe 30 years ago version or something like that.

00:16:20.740 It was a long time ago.

00:16:21.820 Now, by tradition, I don't think there's any law about it.

00:16:30.600 But by tradition, presidents don't pick vice presidents until they're nominated, right?

00:16:36.380 That's the tradition.

00:16:38.060 But there's no reason for it, is there?

00:16:40.500 Is there any obstacle to doing it?

00:16:42.340 There's no downside.

00:16:44.160 There's only an upside if you pick the right person.

00:16:46.360 Adam West's already dead, yeah.

00:16:50.340 So, is Trump clever enough to know that he could regain the news cycle and maybe they can't keep Carrie Lake off of Twitter?

00:17:04.780 What about that?

00:17:05.620 If he picks his vice president, he can pick a vice president who is not banned on any social media.

00:17:13.020 And then he can have the vice president just tweet out his whole campaign.

00:17:18.140 That would be interesting, wouldn't it?

00:17:20.260 Now, the other possibility is that the announcement has something to do with truth social, but I doubt it.

00:17:28.720 I doubt it.

00:17:30.680 Now, I don't think it's a Dean Cain thing.

00:17:32.880 So, what would be big enough?

00:17:36.140 Because here's the thing.

00:17:37.060 I don't think Trump is likely to disappoint.

00:17:40.720 I don't think it's in his nature, Trump, to say there's something big and then roll out with something small.

00:17:47.920 Would you agree?

00:17:48.980 Would you agree that Trump would never say there's something big coming and then roll out with something small?

00:17:55.640 Right?

00:17:56.500 So, you know, he uses hyperbole.

00:17:59.360 So, he's always going to say it's bigger than it is.

00:18:01.000 But it's not going to be small.

00:18:03.380 So, what is there?

00:18:05.560 Yeah.

00:18:06.160 And he says we need a superhero, which makes me think it's something about a person.

00:18:11.300 Now, he might be the person.

00:18:13.340 But, I don't know, the smart play would be announcing Carrie Lake before you're supposed to.

00:18:20.160 Because the first thing that would happen is the news would jabber forever about how you're not supposed to name your vice president.

00:18:28.420 Right?

00:18:28.580 That's like free money.

00:18:31.000 Because it's so easy to talk about.

00:18:33.300 That's how you know it would be a story.

00:18:35.760 Everybody would talk about, oh, historically we haven't.

00:18:39.900 Here's the reason we don't.

00:18:41.900 But why did he do it?

00:18:43.520 Why is it different this time?

00:18:45.120 Is there something special about Carrie Lake that it makes sense?

00:18:48.360 Is there something special about the landscape of the news where it makes sense?

00:18:52.040 Is everything moving faster?

00:18:53.680 Is there really a thing called Trump time?

00:18:56.260 See what I mean?

00:18:56.820 You could talk endlessly.

00:18:59.780 It's not really even terribly important.

00:19:03.080 It's like a little tradition with no special backing to it.

00:19:09.640 So, if that's what he has in mind, it would be brilliant.

00:19:17.120 If it's not what he has in mind, it better be good.

00:19:20.440 It better be good.

00:19:22.260 Because, you know, he's teased it would be big.

00:19:24.600 And if he teases something big and doesn't come through,

00:19:29.100 now it's not going to be a lawsuit.

00:19:30.640 Because he said, oh, it could be.

00:19:34.880 It could be a lawsuit if you're sure that the superhero part

00:19:39.480 is not connected to what the announcement is.

00:19:43.120 I get it.

00:19:43.400 That's possible.

00:19:44.400 Yeah, I'll give you that.

00:19:45.200 That's possible.

00:19:46.400 But I don't feel like a lawsuit is like a big announcement.

00:19:51.420 Do you?

00:19:51.760 Like, would Trump say a lawsuit was a big announcement?

00:19:57.040 It's got to be people.

00:19:59.960 It's got to be a human...

00:20:02.820 There's something about a human being.

00:20:05.300 Like all...

00:20:06.220 It's like a glaring signal because it's Trump.

00:20:08.920 Trump doesn't make a big announcement about paperwork, does he?

00:20:14.120 You think Trump's going to make a big announcement about paperwork?

00:20:17.300 I don't think so.

00:20:20.080 A legal process?

00:20:21.960 That would be so counter to his instincts of, you know, being a good promoter

00:20:27.500 and what actually excites people.

00:20:30.500 All right.

00:20:32.460 Is anybody blown away, as I am, that we still don't agree as a country

00:20:37.760 whether the vaccinations were unambiguously a good idea

00:20:42.200 or unambiguously a bad idea.

00:20:45.200 Now, I don't want to hear anything about myocarditis in young men.

00:20:52.320 Stipulate it.

00:20:53.880 I'll even stipulate it.

00:20:56.980 Can I beg you?

00:20:58.500 Can I beg you not to mention it because we all already know it?

00:21:02.660 I'm just begging you.

00:21:03.860 Just don't say it.

00:21:04.700 We all know it, okay?

00:21:07.480 There is no conversation about young men.

00:21:12.120 That part, we can agree on, right?

00:21:14.260 Are you right?

00:21:15.180 But the rest of the people, all right,

00:21:18.140 I will stipulate that the data is sketchy for young men.

00:21:23.320 Okay?

00:21:23.780 Sipulate it.

00:21:27.060 Okay, I stipulate that so you don't have to say it.

00:21:29.440 But let's just say for older people.

00:21:37.840 And I would be curious just to see where you're at right now.

00:21:41.020 Now, my current opinion is how would I know?

00:21:44.140 That's my current opinion.

00:21:45.800 How would I know?

00:21:46.440 So I think there are three opinions and two of them are unsupported.

00:21:51.840 If we can agree on the stipulated part,

00:21:57.500 that young men seem to have a greater risk with a vaccination.

00:22:01.040 Everybody seems to know that now.

00:22:03.240 But for not that group, for the people older,

00:22:07.580 older than that, just older, forget about kids.

00:22:10.820 That's a whole different conversation.

00:22:12.660 But for the older population,

00:22:14.660 how many of you think that the vaccinations were more good than bad

00:22:18.080 or more bad than good?

00:22:19.660 Just for the older people. 0.69

00:22:23.360 Older only.

00:22:24.640 Older only.

00:22:27.620 Oh, wow, I'm surprised.

00:22:30.540 I'm very surprised.

00:22:33.880 Yeah, there's a big difference between the locals and the YouTube people.

00:22:39.560 YouTube says more bad than good,

00:22:42.160 and locals is more good than bad.

00:22:44.760 But anyway, either way, it proves my point.

00:22:47.340 How in the world could we be here

00:22:49.380 and not know that?

00:22:52.660 I mean, how could it be?

00:22:56.200 Is there anything more important than that?

00:22:58.800 Like, literally, how could we be at this point

00:23:00.720 and still disagree

00:23:02.320 about whether the vaccinations worked or didn't

00:23:05.920 for older people?

00:23:07.860 Only older people. 0.62

00:23:09.340 Only older people. 0.62

00:23:11.120 I have to say that every time.

00:23:13.620 How is that even possible?

00:23:14.600 Now, so the three opinions are,

00:23:20.160 it was the so-called vaccine...

00:23:22.480 Oh, here's the other thing.

00:23:24.320 Can I do another stipulation?

00:23:26.460 One more stipulation.

00:23:27.660 I never, ever, ever want to hear you tell me

00:23:35.180 that you shouldn't call them vaccinations

00:23:37.900 because they don't stop the spread.

00:23:40.720 Everybody knows that.

00:23:42.560 Everybody knows that.

00:23:44.240 I will stipulate it.

00:23:45.900 If you'll please, please stop saying it.

00:23:48.160 I know!

00:23:50.400 Simulated.

00:23:54.400 Ah, good.

00:23:55.820 Good stuff.

00:23:59.300 So I was listening to a little clip

00:24:01.920 by comedian Dana Gould.

00:24:04.040 It was very funny.

00:24:04.940 One of my favorites.

00:24:05.640 But his routine was...

00:24:09.000 It's interesting

00:24:09.760 because in his bubble,

00:24:11.580 he said,

00:24:12.700 basically,

00:24:14.140 that how could anybody be against

00:24:16.040 what he called vaccinations,

00:24:18.500 which I stipulate,

00:24:19.840 I stipulate,

00:24:20.760 I stipulate that when he used the word vaccination,

00:24:24.160 I stipulate

00:24:24.800 that they don't actually stop the spread of transmission.

00:24:30.860 It's just something he said.

00:24:32.320 And he said,

00:24:35.480 how in the world

00:24:37.100 are we,

00:24:39.560 let's say,

00:24:40.640 going against the experts?

00:24:42.100 I'm paraphrasing.

00:24:44.020 Basically, he said,

00:24:45.320 everything that we do in life,

00:24:48.180 we're trusting experts,

00:24:49.460 so why is this different?

00:24:51.440 He says,

00:24:52.280 I use my zipper.

00:24:54.300 I don't know how that works,

00:24:55.660 but I use it anyway.

00:24:57.500 So his view was,

00:24:59.560 everything

00:25:00.040 that you do

00:25:02.540 is because some expert told you it was okay.

00:25:05.880 It's no different.

00:25:07.140 So why wouldn't you do the vaccinations?

00:25:10.020 Totally,

00:25:10.660 totally a good point, right?

00:25:12.580 And then he mocked his brother

00:25:14.100 for not getting vaccinated

00:25:16.140 because his brother said

00:25:17.260 he doesn't know

00:25:18.460 what goes into those vaccinations.

00:25:20.540 Like,

00:25:20.820 he doesn't know how that works.

00:25:23.180 And then Dana said,

00:25:25.380 again,

00:25:26.080 paraphrasing,

00:25:27.380 that you don't know how anything works.

00:25:28.920 Like,

00:25:29.360 it's a crazy point.

00:25:30.600 Just because his brother

00:25:31.420 doesn't know how that works,

00:25:32.920 his brother doesn't know

00:25:33.780 how anything works

00:25:34.520 that's,

00:25:34.960 you know,

00:25:35.240 technical.

00:25:36.480 So how do you make any decisions?

00:25:40.200 And

00:25:40.660 I tweeted that

00:25:43.320 and I made the following observation.

00:25:46.580 Who is more likely

00:25:48.160 to screw you?

00:25:50.760 Somebody who knows more than you

00:25:52.500 about the topic

00:25:53.340 or someone who knows

00:25:55.020 a lot less than you

00:25:56.200 about the topic.

00:25:57.940 Over the course of your life,

00:26:00.260 have you been more screwed

00:26:01.720 by people who knew more than you?

00:26:04.680 Let's say,

00:26:06.020 crypto?

00:26:07.740 Crypto would be a good current

00:26:09.920 kind of thing.

00:26:11.280 Why do you think that

00:26:13.100 Sam Bankman-Fried

00:26:15.060 could build,

00:26:16.480 you know,

00:26:17.200 his company FTX

00:26:18.360 and get away with it?

00:26:20.440 Because he knew

00:26:21.380 more than you know.

00:26:24.120 He's the expert.

00:26:26.480 Right?

00:26:28.980 A hundred percent

00:26:30.080 of the people

00:26:30.880 who fuck you 1.00

00:26:31.720 are the ones

00:26:32.740 who know more than you.

00:26:33.660 That's how they do it.

00:26:35.700 Do you know

00:26:36.140 when people

00:26:36.680 do, like,

00:26:38.280 financial scams on you?

00:26:40.100 Or they, you know,

00:26:41.220 do insider trading?

00:26:42.960 Is the insider trading

00:26:44.280 happening because

00:26:44.940 they know less than you?

00:26:46.580 No, it's because

00:26:47.380 they know more than you.

00:26:49.320 That's how it works.

00:26:51.020 It's the knowing

00:26:51.760 more than you

00:26:52.420 that's the whole trick.

00:26:54.260 Everything depends

00:26:55.060 on them knowing

00:26:55.640 more than you.

00:26:56.220 They can't fool you

00:26:57.120 if you know

00:26:58.040 more than them.

00:26:59.840 Okay?

00:27:00.540 I don't know

00:27:01.360 how more clear

00:27:02.020 that could be.

00:27:03.500 The people who know

00:27:04.380 less than me

00:27:05.640 almost never fool me.

00:27:09.360 Do you know why?

00:27:10.620 Because they know

00:27:11.540 less than I know.

00:27:13.940 That's why.

00:27:16.000 It's only the people

00:27:17.380 who know more than you

00:27:18.280 in politics,

00:27:19.600 in economics,

00:27:21.140 you know,

00:27:21.560 every form of finance,

00:27:24.260 crypto,

00:27:25.180 everything.

00:27:26.140 It's only the people

00:27:27.300 who know more than you

00:27:28.060 that are screwing you.

00:27:30.320 Doc Anarchy

00:27:31.180 has another

00:27:31.840 great thread

00:27:32.740 that actually

00:27:33.260 you'd need to be

00:27:34.040 subscribing to his

00:27:35.160 sub-stack

00:27:36.320 to see it all.

00:27:37.740 But he's going after

00:27:38.760 the AMA

00:27:39.740 and the medical

00:27:40.780 and medical studies.

00:27:44.180 And once you see

00:27:45.620 how often

00:27:46.220 the people

00:27:47.300 who know more than you

00:27:48.260 have intentionally lied

00:27:49.980 to get a drug passed,

00:27:52.840 you would have to have

00:27:53.800 no context

00:27:54.700 in your life whatsoever

00:27:55.760 to think that

00:27:57.020 vaccinations are safe

00:27:58.820 because

00:27:59.820 the people

00:28:00.960 who know more

00:28:01.420 than you told you

00:28:02.100 they were.

00:28:03.020 The worst reason.

00:28:05.120 Now,

00:28:05.400 there might be.

00:28:05.920 I'm very explicitly

00:28:08.440 not giving you

00:28:09.920 my opinion

00:28:10.460 on whether

00:28:11.080 these so-called

00:28:12.440 vaccinations

00:28:13.060 that don't vaccinate,

00:28:15.420 whether they're

00:28:16.200 more good than bad.

00:28:18.420 How would I know?

00:28:20.260 I mean,

00:28:20.560 seriously,

00:28:21.060 how would I know?

00:28:22.440 And somebody's going to say,

00:28:23.480 oh,

00:28:23.700 do your own research,

00:28:24.760 Scott.

00:28:25.040 It's all out there.

00:28:26.120 No,

00:28:26.440 it isn't.

00:28:27.940 Nothing I believe

00:28:28.860 is out there

00:28:29.440 because everything

00:28:30.320 out there

00:28:30.720 would be

00:28:31.200 put together

00:28:32.220 by who?

00:28:33.920 What would be

00:28:34.620 a general description

00:28:35.640 of all the people

00:28:37.140 who put together

00:28:37.740 those studies

00:28:38.380 you think I should

00:28:39.100 look into?

00:28:40.020 Like a general

00:28:40.900 description of them.

00:28:42.000 Are they people

00:28:43.060 who know more

00:28:43.640 than I do?

00:28:45.160 Right.

00:28:46.200 So I can't check

00:28:47.180 their work.

00:28:48.300 I can't check

00:28:48.940 their work

00:28:49.320 because they know

00:28:49.800 more than I do.

00:28:50.740 Now,

00:28:51.020 I can check

00:28:51.440 some of them.

00:28:52.720 I mean,

00:28:52.920 some of them

00:28:53.360 just are like

00:28:54.000 screamingly

00:28:54.700 obviously bullshit,

00:28:56.220 but I can't check

00:28:57.060 all of them

00:28:57.660 because they know

00:28:59.080 more than I do.

00:29:00.520 Dana Gould.

00:29:02.920 All right.

00:29:07.560 I'm thinking

00:29:08.220 of creating

00:29:08.940 a sort of

00:29:11.120 a version of me

00:29:12.780 that's like

00:29:13.200 the dark version.

00:29:15.860 I can't,

00:29:16.220 you know,

00:29:16.440 it's like

00:29:16.660 everything like me,

00:29:17.780 but it's like

00:29:18.140 opposite me.

00:29:19.680 Like wherever

00:29:20.220 I have a socially

00:29:21.620 appropriate opinion,

00:29:23.180 you know,

00:29:23.460 dark Scott

00:29:24.100 would be the one

00:29:25.280 that's the opposite

00:29:25.860 because over on Reddit

00:29:27.980 there's a version

00:29:29.520 of me that's

00:29:30.040 dark Scott

00:29:30.760 and I can tell

00:29:32.200 when they come

00:29:32.660 over to Twitter

00:29:33.260 because they all

00:29:34.240 have the same

00:29:34.680 misinformation.

00:29:36.380 So over on Reddit

00:29:37.120 they believe

00:29:37.820 I was pro-mask. 1.00

00:29:39.880 I actually led

00:29:40.980 a anti-mask

00:29:42.120 campaign.

00:29:44.420 They think

00:29:45.100 I'm pro-vaccination.

00:29:47.100 I delayed

00:29:47.940 as long as I could

00:29:48.920 until I wanted

00:29:49.640 a vacation,

00:29:50.680 got the minimum

00:29:51.420 I needed

00:29:51.900 for the vacation

00:29:52.640 and never looked back.

00:29:54.420 So that's

00:29:54.900 pro-vaccination.

00:29:56.500 Do I think

00:29:56.960 the vaccinations

00:29:57.560 helped me?

00:29:58.480 I don't know.

00:29:59.760 I just know

00:30:00.380 I had a good

00:30:00.760 vacation.

00:30:01.800 That's all I know.

00:30:03.060 I don't know

00:30:03.480 anything else.

00:30:04.460 I had to make

00:30:05.060 a choice.

00:30:06.820 Cost-benefit,

00:30:08.080 no information.

00:30:09.080 I just made

00:30:09.540 the one where

00:30:09.920 I could have

00:30:10.200 a good vacation.

00:30:13.200 So there,

00:30:14.500 and then

00:30:14.940 what was

00:30:16.120 the other one?

00:30:18.440 Oh,

00:30:19.180 also on Reddit

00:30:20.180 they believe

00:30:20.860 that I'm in

00:30:21.400 favor of

00:30:22.140 digital passports.

00:30:25.140 So,

00:30:25.660 so Dark Scott

00:30:26.640 is in favor

00:30:27.260 of digital passports,

00:30:29.560 masks,

00:30:29.980 and vaccinations

00:30:30.800 and I promoted

00:30:31.680 all of those things.

00:30:33.260 All opposite.

00:30:34.580 All opposite.

00:30:35.960 None of that's true.

00:30:37.340 Now,

00:30:37.660 on Twitter

00:30:38.160 mostly people

00:30:38.940 know that

00:30:39.580 but when the people,

00:30:41.180 there's a bunch

00:30:41.960 of trolls

00:30:42.360 coming over,

00:30:42.900 I think it's because

00:30:43.700 I'm not positive

00:30:45.020 but when I started

00:30:46.740 hitting TikTok hard,

00:30:48.680 I started getting

00:30:49.380 a lot of trolls

00:30:50.160 on unrelated topics

00:30:51.720 and one of,

00:30:53.600 and one of the

00:30:54.580 consistent ones,

00:30:56.840 I think they're

00:30:57.200 from Reddit

00:30:57.640 but they could be

00:30:58.260 just Chinese trolls.

00:30:59.740 One of the

00:31:00.260 consistent ones

00:31:01.180 is a tweet

00:31:02.700 in which I was

00:31:03.840 questioning people

00:31:06.460 on digital passports

00:31:07.900 for vaccinations

00:31:08.660 which are not

00:31:09.980 vaccinations really.

00:31:11.620 I'm going to

00:31:12.220 stipulate

00:31:12.660 that they're not

00:31:14.080 actual vaccinations.

00:31:15.060 don't want to

00:31:19.760 start any rumors.

00:31:21.360 So,

00:31:22.940 I wonder

00:31:24.940 if that's China.

00:31:26.980 Is it a coincidence

00:31:27.980 I'm talking about

00:31:29.120 cancelling TikTok

00:31:30.020 and then suddenly

00:31:30.940 trolls with all

00:31:32.380 the same message

00:31:33.180 are hitting me?

00:31:34.220 Now,

00:31:34.520 here's my take

00:31:35.680 on digital passports

00:31:36.820 and here's why

00:31:37.880 it confused people.

00:31:38.680 I talk about

00:31:40.200 both sides

00:31:40.740 of every issue.

00:31:42.120 If you talk about

00:31:43.120 both sides

00:31:43.600 of every issue

00:31:44.220 somebody can

00:31:45.340 just delete

00:31:46.420 the conversation

00:31:47.880 and take one side

00:31:48.940 of it and say

00:31:49.300 that's who you are.

00:31:50.340 So,

00:31:50.600 that's what happens

00:31:51.040 on Reddit

00:31:51.560 but I think

00:31:53.200 that's maybe

00:31:53.840 just Chinese trolls.

00:31:55.180 I don't know.

00:31:56.060 But here's my take

00:31:56.900 on digital passports.

00:31:58.880 Whether it's for

00:31:59.700 vaccinations

00:32:01.060 which I stipulate

00:32:02.800 are not actually

00:32:05.640 vaccinations.

00:32:06.680 It's a misleading word.

00:32:08.680 stipulated.

00:32:15.460 Here's why people

00:32:16.340 think I'm in favor

00:32:17.260 of digital passports.

00:32:18.940 Because I've said

00:32:19.760 do you know

00:32:21.340 they can do

00:32:21.880 all of that to you?

00:32:22.960 They can track

00:32:23.540 everywhere you are

00:32:24.460 right now

00:32:25.560 and they can turn off

00:32:27.160 all your finances

00:32:27.960 anytime they want.

00:32:30.380 What do you think

00:32:31.180 happened to SBF?

00:32:33.740 The FTX CEO?

00:32:35.240 Do you think

00:32:37.040 they knew where he was?

00:32:38.680 Yes.

00:32:39.860 They did.

00:32:41.100 Do you think

00:32:41.620 they could turn off

00:32:42.440 his banking?

00:32:44.120 Yes.

00:32:47.540 The government

00:32:48.460 just has to care

00:32:49.360 about you.

00:32:49.940 That's all.

00:32:51.040 They simply have

00:32:52.000 to care about you

00:32:52.960 and they can do

00:32:53.800 anything they want.

00:32:54.880 You know they can

00:32:55.460 send people to your

00:32:56.240 house with guns, right?

00:32:57.900 They can drag you

00:32:58.600 out of your house

00:32:59.100 put you in a little cell.

00:33:00.760 They can do

00:33:01.280 anything they want.

00:33:02.800 Now, would it be

00:33:03.760 inappropriate, illegal?

00:33:05.080 Yeah.

00:33:08.460 Yeah.

00:33:08.940 But they have

00:33:09.360 all those tools.

00:33:10.740 So if you give them

00:33:11.720 and here's what

00:33:13.400 people said.

00:33:13.940 They said,

00:33:14.260 okay Scott,

00:33:14.900 I get that they can

00:33:16.580 you know

00:33:17.260 for all practical

00:33:18.620 purposes

00:33:19.180 they can track you

00:33:20.080 everywhere

00:33:20.480 for all practical

00:33:21.680 purposes.

00:33:22.380 Yeah.

00:33:22.580 January 6th people

00:33:23.440 already

00:33:24.900 and they can also

00:33:25.800 turn off your banking

00:33:26.740 for all practical

00:33:28.240 purposes.

00:33:29.020 But you don't want

00:33:29.920 to make the mistake

00:33:30.580 of making it easy,

00:33:31.460 right?

00:33:33.340 So that's the pushback.

00:33:35.060 No, if you make it

00:33:35.760 easier they're going

00:33:36.500 to use it more.

00:33:37.940 Right?

00:33:39.620 Anybody agree with that?

00:33:41.180 If you make it a

00:33:42.300 digital passport

00:33:43.020 and they can just

00:33:43.740 push the one button

00:33:44.700 and you just disappear

00:33:46.200 from the grid

00:33:46.900 that's worse.

00:33:49.100 Right?

00:33:50.600 Now,

00:33:51.820 you know what's wrong

00:33:52.560 with that, right?

00:33:53.420 Let me tell you

00:33:54.000 what's wrong with that.

00:33:56.040 The person who is

00:33:57.180 capable of making

00:33:58.080 that decision

00:33:58.800 about you

00:33:59.380 they don't push

00:34:01.300 the button.

00:34:03.000 They don't have

00:34:04.120 like a dashboard

00:34:04.880 at their big old desk

00:34:06.280 and they're sitting

00:34:07.140 there like

00:34:07.520 I don't like that tweet

00:34:09.180 that Adams just sent

00:34:10.300 Adams, Adams, Adams

00:34:12.200 there's the Adams button

00:34:13.180 boom, you're gone.

00:34:15.600 You think the person

00:34:16.320 who makes the decision

00:34:17.220 pushes the button?

00:34:19.120 No.

00:34:20.200 They say to an underling

00:34:21.500 make this person

00:34:23.380 go away

00:34:23.940 and then the underling

00:34:25.800 does extra work

00:34:26.840 but does the boss

00:34:28.280 care?

00:34:29.380 No.

00:34:30.640 The boss doesn't care.

00:34:32.640 Do you think the

00:34:33.320 I don't know

00:34:34.420 district attorney

00:34:35.700 or whoever

00:34:36.260 is going to be

00:34:36.940 tracking and

00:34:37.980 turning off

00:34:39.200 somebody's resources

00:34:40.520 do you think

00:34:41.140 the district attorney

00:34:41.940 does it himself?

00:34:43.800 No.

00:34:44.720 Some underling

00:34:45.640 puts the paperwork

00:34:46.800 together to

00:34:47.500 do whatever

00:34:48.320 needs to be done.

00:34:49.540 So I don't think

00:34:50.340 it makes any difference.

00:34:53.300 I don't.

00:34:54.740 I think they can

00:34:55.360 turn off anything

00:34:56.260 they can track you

00:34:57.100 anywhere.

00:34:57.460 It's a very

00:34:58.880 small difference.

00:35:00.120 Now, did that

00:35:01.100 sound like I'm

00:35:01.720 in favor of

00:35:02.340 digital passports?

00:35:04.280 Did it?

00:35:06.120 I think it's

00:35:06.940 fair to say that

00:35:07.660 if you had

00:35:08.020 digital passports

00:35:08.920 for anything

00:35:09.540 it would provide

00:35:10.920 you some

00:35:11.320 conveniences.

00:35:11.940 It would take

00:35:14.040 away a little

00:35:14.840 bit of freedom

00:35:15.380 because you write

00:35:16.620 and make it

00:35:17.160 like a little

00:35:17.760 bit easier

00:35:18.280 but the

00:35:19.980 difference is

00:35:20.600 so trivial.

00:35:22.240 It's probably

00:35:22.580 a trivial

00:35:22.980 difference.

00:35:23.980 Now, did I

00:35:26.640 say I'm in

00:35:27.140 favor of it?

00:35:28.160 Did you hear me

00:35:28.720 say I'm in

00:35:29.100 favor of

00:35:29.540 digital passports?

00:35:30.740 No.

00:35:31.560 I just said

00:35:32.080 what is the

00:35:32.540 potential risk

00:35:33.360 and the

00:35:33.620 potential upside?

00:35:34.760 I just

00:35:35.340 described it.

00:35:36.540 I simply

00:35:37.080 described it.

00:35:37.860 That's it.

00:35:40.380 So I can't

00:35:42.180 call myself

00:35:42.680 Dark Atoms

00:35:43.420 because there's

00:35:44.520 a movie out

00:35:44.980 called Black

00:35:45.520 Atom.

00:35:45.860 Very confusing.

00:35:48.180 You know,

00:35:48.400 The Rock

00:35:48.760 has a movie

00:35:49.200 out.

00:35:50.060 So I can't

00:35:50.600 be Black

00:35:51.040 Atoms.

00:35:52.240 That would

00:35:52.540 be confusing.

00:35:54.160 So I guess

00:35:54.700 I'll have to

00:35:55.000 hold off on

00:35:55.500 that.

00:35:58.140 What else

00:35:58.780 has happened?

00:36:02.580 You know,

00:36:03.260 Rubio and

00:36:04.600 a couple of

00:36:05.280 Congress people

00:36:06.020 are trying to

00:36:06.880 stop TikTok

00:36:08.580 to ban it.

00:36:10.280 And Rubio 0.92

00:36:10.740 was talking

00:36:11.140 on Tucker's

00:36:11.680 show about

00:36:12.060 that.

00:36:12.840 And to

00:36:14.040 Rubio's

00:36:14.560 credit,

00:36:14.960 allow me

00:36:16.180 to give

00:36:16.560 Senator Rubio

00:36:18.200 a little

00:36:18.500 compliment,

00:36:20.040 he was

00:36:20.500 able to

00:36:21.680 describe the

00:36:22.420 risk of

00:36:22.860 TikTok

00:36:23.160 accurately.

00:36:25.300 He described

00:36:26.180 it not only

00:36:27.460 in terms of

00:36:28.160 the privacy

00:36:28.800 because they

00:36:29.220 collect all

00:36:29.700 the information.

00:36:30.900 That's only

00:36:31.700 part of the

00:36:32.160 risk and

00:36:32.600 maybe the

00:36:33.020 smaller part.

00:36:34.280 He accurately

00:36:35.240 explained that

00:36:37.800 they could

00:36:39.160 use it to

00:36:39.540 influence and

00:36:40.280 probably did.

00:36:41.600 And he had

00:36:42.080 an anecdote

00:36:42.520 of where they

00:36:43.180 probably did.

00:36:44.080 But one of

00:36:44.440 the anecdotes

00:36:44.960 is true or

00:36:45.420 not, it

00:36:46.720 demonstrates

00:36:47.140 that it's

00:36:47.660 a thing

00:36:48.000 they can

00:36:48.340 do very

00:36:49.460 easily.

00:36:50.780 Now, let

00:36:52.280 me tell you

00:36:52.640 why this is

00:36:53.140 really clever.

00:36:54.460 And something's

00:36:54.960 going to happen

00:36:55.460 here really

00:36:56.820 soon.

00:36:58.200 Have you

00:36:58.880 ever heard

00:36:59.380 anybody argue

00:37:00.100 for keeping

00:37:00.900 TikTok?

00:37:02.860 Like a

00:37:03.720 person in

00:37:04.860 Congress?

00:37:05.900 Any

00:37:06.220 politician?

00:37:07.380 Any

00:37:07.540 Congress?

00:37:07.880 No.

00:37:08.700 Not one.

00:37:10.140 Not one.

00:37:11.800 And Tucker

00:37:12.560 said, do you

00:37:13.220 think you

00:37:13.500 have enough

00:37:13.860 Democrat

00:37:14.280 votes?

00:37:15.600 And I

00:37:15.920 sat there

00:37:16.320 watching that

00:37:16.820 and saying,

00:37:17.700 what?

00:37:18.780 You have

00:37:19.360 them all.

00:37:21.160 There's no

00:37:21.800 Democrat vote

00:37:22.420 you don't

00:37:22.740 have.

00:37:23.420 There's not a

00:37:24.000 single person

00:37:24.720 who's on the

00:37:25.260 other side.

00:37:26.660 And then I

00:37:27.100 said to

00:37:27.400 myself, are

00:37:28.640 they really

00:37:29.040 going to vote

00:37:29.460 against it?

00:37:30.660 Just because

00:37:31.300 there's a

00:37:32.540 Democrat, it's a 0.81

00:37:35.180 bipartisan bill.

00:37:36.040 Are the

00:37:37.280 Democrats going

00:37:37.960 to vote

00:37:38.260 against a

00:37:38.720 bipartisan

00:37:39.160 bill because

00:37:40.680 a Republican

00:37:41.340 likes it?

00:37:42.360 But it's

00:37:42.900 also bipartisan?

00:37:45.240 So here's

00:37:46.100 what I think

00:37:46.560 is going to

00:37:46.920 happen.

00:37:47.880 We're going

00:37:48.540 to find out

00:37:49.180 who China

00:37:49.780 owns.

00:37:51.740 For the

00:37:52.500 first time,

00:37:53.160 we're going

00:37:53.420 to have

00:37:53.640 unambiguous

00:37:54.480 evidence.

00:37:55.820 I would say

00:37:56.320 proof.

00:37:57.580 Because

00:37:58.100 literally,

00:37:59.080 there's no

00:37:59.360 other argument.

00:38:00.740 If anybody

00:38:01.800 votes against

00:38:02.520 this bill and

00:38:04.300 doesn't have

00:38:05.020 some clever

00:38:05.600 reason that

00:38:06.080 you haven't

00:38:06.340 heard yet,

00:38:06.820 there might

00:38:07.080 be some

00:38:07.360 clever reason

00:38:08.040 that I

00:38:08.820 haven't heard

00:38:09.200 yet, but

00:38:10.020 if somebody

00:38:10.400 votes against

00:38:11.000 it and

00:38:11.260 doesn't give

00:38:11.700 you a reason,

00:38:12.820 they're owned

00:38:13.240 by China.

00:38:14.640 No fucking

00:38:15.220 doubt about

00:38:15.720 it.

00:38:17.680 Check my

00:38:19.020 reasoning.

00:38:20.360 Check my

00:38:20.960 reasoning,

00:38:21.420 because this

00:38:21.760 is a big

00:38:22.580 accusation.

00:38:25.000 There's no

00:38:25.860 counter-argument.

00:38:28.240 Nobody's ever

00:38:28.920 offered one.

00:38:30.020 The news has

00:38:30.640 never reported

00:38:31.300 one.

00:38:32.620 And even

00:38:33.020 when they talk

00:38:33.620 about the

00:38:33.960 bill, it's

00:38:35.020 bipartisan.

00:38:35.600 And neither

00:38:36.820 of them are

00:38:37.760 aware of

00:38:38.240 anybody who

00:38:38.640 has a

00:38:38.860 different

00:38:39.060 opinion.

00:38:40.080 There's no

00:38:41.020 awareness of

00:38:42.220 any different

00:38:43.700 opinion.

00:38:45.980 For the

00:38:46.740 first time,

00:38:47.880 we'll know

00:38:48.700 for fucking

00:38:49.540 sure who

00:38:51.120 the traitors

00:38:51.640 are.

00:38:53.120 We're going

00:38:53.760 to know for

00:38:54.180 sure.

00:38:55.880 I'm not

00:38:56.620 wrong.

00:38:57.640 We're actually

00:38:58.400 going to find

00:38:58.940 out who the

00:38:59.440 traitors are.

00:39:00.660 Because I

00:39:01.600 think if

00:39:02.140 they're bought

00:39:02.520 off, they're

00:39:02.960 still going to

00:39:03.360 have to vote

00:39:03.740 for China.

00:39:04.240 And it's

00:39:06.000 going to be

00:39:06.280 right there.

00:39:08.120 It's going

00:39:08.460 to be right

00:39:08.800 there.

00:39:10.880 And, you

00:39:11.300 know, some

00:39:11.560 people say

00:39:12.040 Mitch, because

00:39:12.840 his wife is

00:39:14.000 Chinese-American.

00:39:16.180 I think that's

00:39:17.040 both unfair and

00:39:18.180 also, let's keep

00:39:19.040 an eye on

00:39:19.440 him.

00:39:21.600 It's racist and

00:39:22.760 unfair to

00:39:24.040 assume that,

00:39:24.660 you know,

00:39:25.120 McConnell is

00:39:25.640 going to be in

00:39:26.060 the tank for

00:39:26.620 China because 0.99

00:39:27.260 his wife has

00:39:28.260 some connection.

00:39:28.780 Yeah, I

00:39:29.720 know it's a

00:39:30.200 Taiwanese

00:39:30.520 connection.

00:39:31.420 I understand

00:39:32.060 the difference.

00:39:33.840 But I

00:39:35.740 don't think

00:39:36.000 that's fair.

00:39:37.620 But on

00:39:37.960 the common

00:39:39.620 sense, well,

00:39:41.580 let me separate

00:39:42.460 it.

00:39:43.640 As a citizen

00:39:44.860 of the United

00:39:45.420 States who

00:39:46.020 loves his

00:39:46.500 Constitution and

00:39:47.380 says everybody's

00:39:48.100 innocent until

00:39:48.620 proven guilty,

00:39:49.820 it's totally

00:39:50.440 unfair to

00:39:52.260 think that

00:39:53.000 Mitch is in

00:39:53.780 the tank for

00:39:54.860 China because 0.99

00:39:55.500 his wife,

00:39:56.540 who's Taiwanese,

00:39:57.320 or has a

00:39:58.700 Taiwanese

00:39:58.960 connection.

00:40:00.220 Totally unfair.

00:40:01.840 But in the

00:40:02.560 common sense

00:40:03.240 world, which

00:40:04.600 is a different

00:40:05.060 world, right,

00:40:06.340 there's the

00:40:06.720 Constitution,

00:40:07.520 what's right,

00:40:08.500 and how do

00:40:08.840 you want to,

00:40:10.140 you know, what

00:40:10.400 kind of society

00:40:11.140 do you want to

00:40:11.620 build?

00:40:12.720 In that world,

00:40:14.980 don't come

00:40:15.580 close to this

00:40:16.220 topic, right?

00:40:17.240 That's off base.

00:40:18.820 But in the

00:40:19.300 real world, people

00:40:19.980 are influenced

00:40:20.860 by their spouse.

00:40:23.020 There's no

00:40:23.580 exception to that.

00:40:25.460 You don't think

00:40:26.200 Trump was at

00:40:26.820 least a

00:40:27.200 little bit

00:40:27.620 influenced by

00:40:28.220 Melania

00:40:28.660 sometimes.

00:40:29.780 I mean, I

00:40:30.080 don't know

00:40:30.360 what topics,

00:40:31.200 but of

00:40:31.620 course he

00:40:31.940 was.

00:40:32.520 You can't

00:40:33.060 not be

00:40:33.520 influenced by

00:40:34.060 your spouse.

00:40:35.220 That's not

00:40:35.660 a thing.

00:40:37.160 So you've

00:40:37.760 got to keep

00:40:38.040 an eye on

00:40:38.580 him, but

00:40:39.600 I think it's

00:40:39.960 unfair to

00:40:40.460 just assume

00:40:41.220 there's

00:40:41.420 something bad

00:40:41.920 going on

00:40:42.300 there.

00:40:44.720 All right,

00:40:46.100 DeSantis

00:40:46.480 picks up the

00:40:47.200 free money

00:40:47.700 again.

00:40:49.440 So Florida

00:40:50.020 is going to

00:40:50.720 hold the

00:40:51.180 medical

00:40:51.560 establishment

00:40:52.180 accountable,

00:40:53.100 says DeSantis.

00:40:54.480 So he's

00:40:54.820 got a grand

00:40:55.500 jury that's

00:40:57.000 going to

00:40:57.260 investigate

00:40:57.800 mRNA shots

00:40:58.940 and big

00:40:59.640 pharma,

00:41:00.420 and they're

00:41:01.040 going to

00:41:01.240 investigate

00:41:01.660 cardiac-related

00:41:02.580 deaths tied

00:41:03.160 to the

00:41:03.420 mRNA vaccination.

00:41:05.280 Now, I

00:41:06.580 don't have a

00:41:07.380 prediction of

00:41:07.980 how that will

00:41:08.440 go.

00:41:09.420 I'm not

00:41:10.180 entirely sure

00:41:11.260 what their

00:41:12.320 fact-finders

00:41:13.060 would find,

00:41:13.740 if I'd

00:41:14.640 believe them

00:41:15.160 anyway.

00:41:16.420 So who

00:41:16.820 knows?

00:41:17.500 But the

00:41:18.220 part that's

00:41:19.500 salient is

00:41:21.760 that it's

00:41:22.000 free money.

00:41:22.520 Are you

00:41:23.580 telling me

00:41:23.960 that all

00:41:24.360 the other

00:41:24.740 governors

00:41:25.220 could have

00:41:25.660 done this?

00:41:27.300 Is that

00:41:27.660 true?

00:41:28.180 Because there's

00:41:28.800 some rule

00:41:29.760 in Florida

00:41:30.620 that there's

00:41:31.920 a law that

00:41:32.400 says you

00:41:32.700 can't

00:41:32.940 mislead

00:41:33.380 people about

00:41:34.260 medical

00:41:34.680 stuff.

00:41:35.580 But is

00:41:36.220 there only

00:41:36.520 one state

00:41:37.140 that has

00:41:37.480 that law?

00:41:38.380 There's only

00:41:38.700 one state

00:41:39.240 that says

00:41:39.580 you can't

00:41:39.960 mislead

00:41:40.360 people about

00:41:40.880 medical

00:41:41.280 stuff?

00:41:42.140 That feels

00:41:42.760 like maybe

00:41:43.560 that's a

00:41:43.960 little more

00:41:44.240 common than

00:41:44.780 one state.

00:41:45.300 So why

00:41:47.420 in the

00:41:47.680 world is

00:41:51.880 only

00:41:52.280 Florida

00:41:52.720 picking this

00:41:54.340 up?

00:41:55.620 And the

00:41:56.140 answer has

00:41:56.640 to be the

00:41:57.020 obvious.

00:41:58.120 That DeSantis

00:41:58.740 can recognize

00:42:00.220 free money

00:42:00.800 and every

00:42:01.960 time he

00:42:02.260 walks by a

00:42:02.800 table with

00:42:03.220 free money

00:42:03.640 he's like

00:42:04.040 hey,

00:42:05.280 does anybody

00:42:05.900 own this

00:42:06.320 money?

00:42:07.300 And everybody's

00:42:07.900 like eh.

00:42:08.900 And then he

00:42:09.360 just scoops

00:42:10.320 it up and

00:42:11.440 takes his

00:42:11.780 free money.

00:42:13.480 This is like

00:42:14.600 two points

00:42:15.280 of support

00:42:16.340 over Trump.

00:42:18.100 It's just

00:42:18.480 free.

00:42:19.920 Like you

00:42:20.300 can imagine

00:42:20.800 DeSantis

00:42:21.300 looking at

00:42:21.820 this,

00:42:22.520 you know,

00:42:22.700 I don't

00:42:22.860 know who

00:42:23.100 had the

00:42:23.360 idea or

00:42:24.140 whatever,

00:42:24.800 but when

00:42:25.220 he's evaluating

00:42:25.880 whether he

00:42:26.420 should do

00:42:26.740 this,

00:42:27.700 he's probably

00:42:28.120 like okay,

00:42:28.920 if I do

00:42:29.300 this my

00:42:30.000 approval will

00:42:30.660 go up 2%

00:42:31.380 compared to

00:42:32.060 Trump and

00:42:33.420 what's my

00:42:34.160 downside?

00:42:36.100 And they'll

00:42:36.700 say well,

00:42:37.140 they'll think

00:42:37.520 you're like a

00:42:38.560 vax denier.

00:42:40.080 And then he'll

00:42:40.800 say I'm not

00:42:41.940 doing that.

00:42:43.060 I'm getting

00:42:43.720 people who

00:42:44.280 know more

00:42:44.720 than I

00:42:45.080 do to

00:42:46.400 figure out

00:42:47.660 what's true.

00:42:48.620 I'm the

00:42:49.160 opposite of

00:42:49.760 knowing what

00:42:50.200 happened.

00:42:51.220 The opposite

00:42:51.920 is I don't

00:42:52.460 know what

00:42:52.720 happened.

00:42:53.800 So I'm

00:42:54.240 getting some

00:42:55.120 smart people

00:42:55.600 to figure out

00:42:56.080 what happened.

00:42:58.220 It's pretty

00:42:58.820 easy to defend.

00:43:00.600 You know,

00:43:00.740 no matter where

00:43:01.300 it comes down

00:43:01.900 you could say

00:43:02.380 I didn't tell

00:43:03.580 you where it

00:43:03.940 was going to

00:43:04.340 end up.

00:43:05.180 I told you

00:43:05.920 it's important

00:43:06.480 and the people

00:43:07.000 care and we

00:43:07.520 have to look

00:43:07.940 into it.

00:43:08.720 That's my

00:43:09.280 job.

00:43:09.880 My job is

00:43:10.440 not to tell

00:43:10.880 you where it

00:43:11.260 ends up.

00:43:11.840 So I

00:43:14.220 mean it's

00:43:14.420 a perfect

00:43:14.800 position.

00:43:15.880 It's completely

00:43:16.600 logically,

00:43:18.640 morally,

00:43:19.640 ethically,

00:43:20.440 it's just

00:43:21.140 clean.

00:43:22.440 It's like the

00:43:23.120 cleanest thing

00:43:24.960 a politician

00:43:25.520 could ever

00:43:25.960 do.

00:43:27.000 Why is he

00:43:27.720 the only one

00:43:28.200 who ever

00:43:28.460 sees it?

00:43:29.480 It's just

00:43:29.820 free money

00:43:30.560 just sitting

00:43:31.020 there.

00:43:31.820 He picks

00:43:32.100 it up.

00:43:32.400 All right.

00:43:36.720 Rasmussen

00:43:37.080 asked,

00:43:38.420 I think it's

00:43:39.000 likely voters,

00:43:40.440 is the economy

00:43:41.220 better or worse

00:43:42.000 in the past

00:43:42.540 year?

00:43:43.700 Your opinion,

00:43:44.580 please.

00:43:45.180 Is the economy

00:43:45.800 better or worse

00:43:46.760 in the past

00:43:47.380 year?

00:43:48.320 Go.

00:43:48.900 Better or worse

00:43:49.560 in the past

00:43:50.120 year?

00:43:51.040 In the past

00:43:51.600 year is the

00:43:52.100 key.

00:43:52.960 In the past

00:43:53.540 year,

00:43:53.940 better or worse?

00:43:56.440 It's not

00:43:57.080 obvious,

00:43:57.520 is it?

00:43:58.740 I don't know

00:43:59.460 either.

00:44:00.400 I have no

00:44:00.820 idea.

00:44:01.940 I don't

00:44:02.440 think we'll

00:44:02.800 know for a

00:44:03.400 long time

00:44:03.880 probably.

00:44:04.900 We can

00:44:05.400 point to

00:44:05.820 things that

00:44:06.200 are worse

00:44:06.640 and we can

00:44:08.000 point to

00:44:08.400 things that

00:44:08.760 are improving.

00:44:10.740 But is

00:44:11.780 anybody smart

00:44:12.460 enough to

00:44:12.940 net that

00:44:13.420 out?

00:44:15.220 I guess you

00:44:16.240 could look at

00:44:16.580 the GDP and

00:44:17.460 say that's a

00:44:18.000 net, but

00:44:18.820 not really

00:44:19.380 because inflation

00:44:20.340 subtracts from

00:44:21.760 the GDP.

00:44:23.660 I don't know.

00:44:24.620 This is one of

00:44:25.480 the few times

00:44:26.620 when I look at

00:44:27.360 a survey and

00:44:28.660 I say,

00:44:29.140 yeah, that

00:44:29.400 makes sense.

00:44:30.820 Makes total

00:44:31.580 sense that

00:44:32.100 people are

00:44:32.500 mixed.

00:44:33.540 Because probably

00:44:34.080 if you lost

00:44:34.620 your job,

00:44:35.220 it looks worse.

00:44:36.720 If you don't

00:44:38.600 own things that

00:44:39.580 appreciate with

00:44:40.320 inflation, it

00:44:42.120 looks worse.

00:44:43.780 So I guess it

00:44:44.400 just depends what

00:44:45.280 TV you're

00:44:45.940 watching and

00:44:46.660 what's happening

00:44:47.900 to you personally.

00:44:50.360 Yeah.

00:44:51.280 So to me,

00:44:52.520 it looks like

00:44:52.960 it's a little

00:44:53.420 better.

00:44:56.000 Totally subjective

00:44:57.120 perspective, and

00:44:58.060 you could talk

00:44:58.740 me out of that

00:44:59.260 opinion in like

00:45:00.120 a second.

00:45:01.540 Like I'm not

00:45:02.220 wed to it at

00:45:02.780 all.

00:45:03.100 But I'll tell

00:45:03.500 you just my

00:45:04.060 impression.

00:45:05.120 But I think I

00:45:05.600 have optimistic

00:45:06.740 poisoning.

00:45:09.900 I'm basically

00:45:10.800 optimism driven.

00:45:15.680 Dow is down

00:45:16.300 5,000.

00:45:17.380 Well, not

00:45:17.780 today, right?

00:45:20.460 You're not

00:45:20.980 talking about

00:45:21.380 today, are

00:45:21.840 you?

00:45:21.980 Yeah, down

00:45:25.440 2%.

00:45:26.440 Yeah, so, and

00:45:29.620 you all know

00:45:30.160 that the market

00:45:30.840 gets frothy at

00:45:31.960 the end of the

00:45:32.460 year.

00:45:33.440 Here's a little

00:45:34.400 personal investment

00:45:35.640 tip.

00:45:36.320 It goes like

00:45:36.820 this.

00:45:38.540 Stocks always

00:45:39.220 get frothy.

00:45:40.600 They jump up

00:45:41.680 and down toward

00:45:42.220 the end of the

00:45:42.680 year.

00:45:43.260 Because there

00:45:43.640 are a lot of

00:45:43.940 people who are

00:45:44.560 saying, I need

00:45:45.880 to take my

00:45:46.560 gains or my

00:45:48.060 losses in this

00:45:49.460 calendar year.

00:45:50.980 So people are

00:45:51.640 doing a lot of

00:45:52.120 moving around

00:45:52.740 just for tax

00:45:53.380 reasons.

00:45:54.120 But also, there's

00:45:55.020 something that

00:45:55.540 gets into our

00:45:56.160 psychology about

00:45:57.000 the end of the

00:45:57.520 year.

00:45:58.660 There are lots

00:45:59.700 of rumors or

00:46:02.760 not a rumor.

00:46:04.600 There are some

00:46:05.220 historical trends

00:46:06.520 about year ends

00:46:08.040 where people will

00:46:09.640 look at the

00:46:10.060 history and say,

00:46:10.740 oh, it always

00:46:11.980 goes up in

00:46:13.000 January.

00:46:14.340 Or I think it

00:46:15.020 goes up.

00:46:15.660 Does anybody

00:46:16.180 have the actual

00:46:16.740 number?

00:46:17.540 The number of

00:46:18.360 times that the

00:46:18.960 market is up in

00:46:20.040 January compared

00:46:21.580 to December?

00:46:22.800 It's like

00:46:23.760 seven out of

00:46:25.480 nine, something

00:46:26.180 like that.

00:46:27.420 Does anybody

00:46:27.820 have the actual

00:46:28.340 number?

00:46:29.280 There is a

00:46:30.140 history to

00:46:30.700 January as

00:46:31.340 being good.

00:46:36.540 And recently,

00:46:37.740 we've violated

00:46:39.000 that trend, I

00:46:39.660 think.

00:46:41.420 Fuck you, 0.94

00:46:41.960 money causes

00:46:42.480 optimism.

00:46:42.920 You know, I'm

00:46:46.080 barely rich.

00:46:46.860 You should have

00:46:50.460 a few divorces

00:46:51.320 and a lot of

00:46:52.500 inflation and

00:46:53.860 then have

00:46:54.300 newspapers get

00:46:55.340 whacked and

00:46:56.160 then get

00:46:56.640 canceled by one

00:46:58.300 of your bigger

00:46:58.900 clients.

00:47:00.420 No, definitely

00:47:02.080 for me personally,

00:47:04.800 my economic

00:47:05.540 situation is way

00:47:06.960 down.

00:47:08.700 I mean, it

00:47:09.640 doesn't matter

00:47:10.180 because I'm at

00:47:11.040 retirement age.

00:47:11.680 But in terms

00:47:12.580 of earning

00:47:13.400 income, well,

00:47:14.340 as well as

00:47:14.720 assets, probably

00:47:16.540 down 30% since

00:47:21.400 before Trump,

00:47:23.480 something like

00:47:23.880 that.

00:47:26.440 No, I'm not

00:47:27.240 broke.

00:47:27.860 Yeah, I'm not

00:47:28.740 complaining.

00:47:33.780 Yeah, I hear

00:47:35.940 you.

00:47:36.380 I hear you.

00:47:36.880 I will

00:47:37.620 stipulate that

00:47:39.700 I'm not

00:47:40.340 suffering.

00:47:41.800 We can all

00:47:42.440 agree on that,

00:47:43.020 okay?

00:47:43.240 You don't have

00:47:43.660 to mock me

00:47:44.180 for it.

00:47:47.040 All right.

00:47:48.480 Yesterday, I

00:47:49.220 did something

00:47:49.660 fascinating.

00:47:51.260 I joined a

00:47:52.420 spaces where

00:47:53.400 there's the

00:47:53.800 audio conversation,

00:47:55.020 so it's just

00:47:55.460 audio, on

00:47:56.500 Twitter.

00:47:57.220 And the

00:47:57.640 topic was

00:47:58.160 reparations.

00:48:00.160 And a

00:48:01.920 big percentage

00:48:02.880 of the audience

00:48:04.240 were black

00:48:05.400 Americans, I

00:48:06.140 assume.

00:48:06.880 based on their

00:48:07.720 profiles and

00:48:08.460 what I could

00:48:08.960 hear.

00:48:09.820 And I'd

00:48:10.620 never had the

00:48:12.600 privilege, and I

00:48:13.600 think it was a

00:48:14.100 privilege, actually,

00:48:15.400 to be exposed to

00:48:17.600 opinions that are

00:48:18.280 so different from

00:48:20.020 my own.

00:48:21.560 It was actually

00:48:22.080 kind of, it was

00:48:23.640 like really good.

00:48:24.780 It was really

00:48:25.360 interesting.

00:48:26.220 Just to hear

00:48:27.180 somebody who's so

00:48:28.480 different, so

00:48:29.860 different in

00:48:30.400 opinion.

00:48:31.400 And I didn't

00:48:32.860 catch it all, so

00:48:33.600 there may be some

00:48:34.200 nuances I missed,

00:48:35.160 so I don't want to

00:48:36.160 characterize the

00:48:36.820 whole thing, but

00:48:37.680 there was a

00:48:38.140 pattern that I

00:48:38.800 noticed, and it

00:48:40.940 goes like this.

00:48:42.600 People in favor of

00:48:43.800 reparations didn't

00:48:44.700 understand how

00:48:45.420 economics work, and

00:48:49.360 would speak in

00:48:50.080 public as if they

00:48:51.780 did, which tells you

00:48:53.040 how deeply their

00:48:54.560 lack of understanding

00:48:55.460 of economics is.

00:48:57.120 Now, I want to

00:48:58.340 make sure that we

00:48:58.900 don't drift into

00:49:00.740 racist territory here,

00:49:02.000 because you do

00:49:03.840 know that the

00:49:04.480 black community in

00:49:05.560 America is very

00:49:07.880 vocal about we

00:49:10.060 need more

00:49:10.520 economics training,

00:49:12.400 personal finance and

00:49:13.400 economics.

00:49:14.180 You've heard that,

00:49:14.960 right?

00:49:15.480 That's a real thing.

00:49:16.820 And that is a real,

00:49:18.080 in my opinion,

00:49:19.000 that's a sign of

00:49:20.820 systemic racism,

00:49:22.600 meaning just the

00:49:23.540 system not with any

00:49:25.320 intention, but

00:49:26.680 sometimes the system

00:49:27.520 just gets you into a

00:49:28.440 situation that nobody

00:49:29.400 intended.

00:49:29.800 And one of those

00:49:31.420 is, I believe that

00:49:33.440 white people in 0.69

00:49:34.420 general, this is not

00:49:35.620 true of all people,

00:49:36.820 nothing's true of all

00:49:37.700 people, I think white 0.82

00:49:39.380 people sort of pick it

00:49:40.300 up by osmosis, like

00:49:42.400 you just pick up

00:49:43.780 economics just by

00:49:46.200 hanging around it.

00:49:48.140 Is that true?

00:49:49.560 And I'll give you a

00:49:50.160 specific example.

00:49:51.840 And I didn't realize

00:49:52.700 that I'd gotten an

00:49:53.820 entire economics

00:49:54.840 lesson as a child

00:49:56.000 until I saw somebody

00:49:57.800 else on Twitter

00:49:58.620 mentioned that his

00:50:02.420 mother gave him

00:50:04.420 two rules.

00:50:06.960 I hope I wrote

00:50:07.780 those down.

00:50:08.340 I'd be so mad if I

00:50:09.140 didn't.

00:50:13.340 And the two rules

00:50:14.520 were, one was

00:50:18.180 life isn't fair.

00:50:20.500 Oh, shit, what was

00:50:21.460 that one?

00:50:23.080 Life isn't fair and

00:50:24.360 nothing's free.

00:50:25.560 Thank you.

00:50:26.140 Thank you for

00:50:26.620 money.

00:50:26.840 Yeah, so he said

00:50:28.140 his mother taught

00:50:28.860 him, life isn't

00:50:30.100 fair and nothing's

00:50:31.200 free.

00:50:33.140 That's exactly what

00:50:34.520 my mother taught

00:50:35.180 me, exactly.

00:50:36.700 Life isn't fair and

00:50:39.140 if you didn't work

00:50:40.400 for it, you didn't

00:50:41.980 deserve it.

00:50:43.120 Basically, nothing's

00:50:43.980 free.

00:50:45.880 If you unpack that,

00:50:48.500 that's the entire

00:50:49.300 theory of economics.

00:50:51.180 I didn't even realize

00:50:52.260 that until this

00:50:52.840 morning.

00:50:53.100 It's the entire

00:50:54.840 theory of economics.

00:50:56.820 Life isn't fair,

00:50:58.600 nothing's free.

00:50:59.740 If you just took

00:51:00.640 that little seed and

00:51:02.920 just say, all right,

00:51:03.480 what does that mean?

00:51:05.020 Like, what does that

00:51:06.120 imply?

00:51:07.600 Free markets.

00:51:09.540 Capitalism.

00:51:10.520 It's all there.

00:51:11.940 The entire thing is

00:51:13.180 there with just life

00:51:15.040 isn't fair and

00:51:15.580 nothing's free.

00:51:16.120 Because what that

00:51:18.400 told me to do in

00:51:19.260 life is what?

00:51:21.620 Find my advantage

00:51:23.220 that other people

00:51:25.000 didn't have.

00:51:25.720 Why?

00:51:26.660 Because life isn't

00:51:27.420 fair.

00:51:28.860 And my mother told

00:51:29.780 me that specifically.

00:51:31.360 Life isn't fair, go

00:51:32.540 where it's unfair in

00:51:33.740 your favor.

00:51:35.460 So I went exactly

00:51:36.860 where it was unfair

00:51:37.840 in my favor, to

00:51:40.400 college.

00:51:41.500 Because I knew as a

00:51:42.780 young white man in

00:51:43.860 America during those 0.59

00:51:44.840 years, if I went to

00:51:46.100 college, I could

00:51:47.840 pretty much own the

00:51:48.620 world.

00:51:49.820 And so I did.

00:51:51.100 I just found my

00:51:51.980 unfair advantage and

00:51:52.980 I took it.

00:51:54.220 Now, if you're black

00:51:55.560 in America, what are

00:51:57.960 you going to do?

00:51:58.660 What's your unfair

00:51:59.540 advantage?

00:52:01.080 Do you have any?

00:52:02.400 Yes, you do.

00:52:03.740 Yeah, you have

00:52:04.140 plenty.

00:52:05.360 Unfair advantage,

00:52:06.160 number one.

00:52:07.300 You could get more

00:52:08.320 funding to go to

00:52:09.100 college.

00:52:10.460 Now, I'm not

00:52:11.200 ignoring all the

00:52:13.940 disadvantages.

00:52:14.500 We will stipulate

00:52:16.780 that being black 0.78

00:52:18.940 in America comes

00:52:19.700 with a bag of

00:52:20.760 disadvantages.

00:52:21.940 But life is

00:52:23.260 unfair.

00:52:24.420 So find where you

00:52:25.340 have an advantage.

00:52:26.800 Go to any, you

00:52:27.780 know, get your

00:52:28.200 college education

00:52:29.060 that's more likely

00:52:30.640 paid for than not.

00:52:32.580 Go to any

00:52:33.200 Fortune 500 company

00:52:34.400 and apply for a job

00:52:35.300 with your college

00:52:36.000 education, and they

00:52:37.620 will favor you over

00:52:38.860 pretty much everybody.

00:52:40.380 That's your advantage.

00:52:41.240 You can just walk

00:52:42.760 into any company

00:52:43.440 and they'll hire you

00:52:44.240 if you're qualified.

00:52:46.940 I can't do that.

00:52:50.160 Pretty much only

00:52:51.120 black people in

00:52:52.440 America can get any 0.96

00:52:53.760 job they want if

00:52:54.760 they're qualified.

00:52:56.120 White people can't 1.00

00:52:56.920 get any job they

00:52:57.760 want if they're

00:52:58.200 qualified.

00:52:59.140 They can work in

00:52:59.880 their field pretty

00:53:01.440 much every time,

00:53:02.520 right?

00:53:03.160 Like if you're, if

00:53:04.340 you've got some

00:53:04.800 skills, you can work

00:53:05.760 in that field.

00:53:06.360 But if you're a

00:53:07.440 black American, you

00:53:08.440 can get close to

00:53:09.780 100% of jobs you

00:53:10.840 apply for if you're

00:53:12.200 qualified.

00:53:13.020 Because there's a

00:53:13.740 preference.

00:53:14.860 It's an unfair

00:53:15.420 advantage at the

00:53:16.940 moment that they

00:53:18.240 should take advantage

00:53:18.920 of.

00:53:19.740 And do you, have

00:53:20.620 you ever heard me

00:53:21.240 bitching that black 1.00

00:53:24.060 people have that

00:53:25.140 like little narrow

00:53:26.120 advantage?

00:53:27.520 Opposite.

00:53:28.100 I recommend they

00:53:28.800 take advantage of

00:53:29.500 it.

00:53:30.280 Because I'm doing

00:53:31.120 it.

00:53:31.560 If I find an

00:53:32.320 advantage for myself,

00:53:33.740 I'm going to be

00:53:34.400 all over it.

00:53:34.980 That's how the

00:53:36.280 system works.

00:53:37.140 If you find an

00:53:38.160 advantage for

00:53:38.640 yourself that I

00:53:39.420 don't have, please

00:53:41.120 exploit it.

00:53:42.560 That's how my

00:53:43.320 system works better.

00:53:44.640 You exploit your

00:53:45.580 advantage, I exploit

00:53:46.580 my advantage.

00:53:47.200 If it's legal, we

00:53:48.760 exploit our

00:53:49.280 advantages, and then

00:53:50.540 the whole thing

00:53:51.060 rises.

00:53:51.620 That's how it

00:53:52.020 works.

00:53:53.700 Let me give you

00:53:54.400 an example of how

00:53:55.080 the participants did

00:53:56.160 not understand

00:53:56.900 economics.

00:53:58.240 One proponent of

00:54:00.000 reparations said,

00:54:02.020 people don't

00:54:02.760 understand that when

00:54:04.580 you do something

00:54:05.420 that helps black

00:54:07.780 Americans, that

00:54:09.320 everybody else does

00:54:10.460 well too.

00:54:11.840 So it's almost

00:54:12.420 like it's free.

00:54:14.680 Have you ever

00:54:15.080 heard me say

00:54:15.600 that?

00:54:16.680 Have you ever

00:54:17.280 heard me say

00:54:17.840 that if you did

00:54:19.680 reparations, it

00:54:20.460 actually might be

00:54:21.340 good for everybody?

00:54:22.520 I have.

00:54:23.580 I have.

00:54:24.360 So I've made

00:54:25.020 that same point,

00:54:26.480 that anything that

00:54:27.660 helps black America

00:54:28.760 helps everybody.

00:54:31.180 Right?

00:54:31.300 Now what's wrong

00:54:32.720 with that?

00:54:34.620 You see what's

00:54:35.460 wrong with it?

00:54:37.280 In the context

00:54:38.380 of reparations,

00:54:40.220 it's not yes or

00:54:41.040 no reparations.

00:54:42.740 That's not how you

00:54:43.640 do economics.

00:54:45.000 That's not how you

00:54:45.780 do decision making.

00:54:47.520 Here's how you do

00:54:48.240 it, and this is

00:54:49.180 something I learned,

00:54:50.880 but maybe black

00:54:52.300 Americans don't have 1.00

00:54:53.300 access to the same

00:54:54.300 mentoring or

00:54:56.460 something.

00:54:57.560 But here's what I

00:54:58.320 learned.

00:54:59.080 You have to make

00:54:59.860 the right comparison.

00:55:01.600 The comparison is

00:55:02.420 not reparations yes

00:55:03.440 or no.

00:55:04.300 It's not like

00:55:04.780 there's a bucket

00:55:05.320 of money that

00:55:06.760 sits there unspent

00:55:08.140 if we don't do

00:55:09.580 reparations.

00:55:11.240 Reparations have

00:55:11.940 to be compared to

00:55:12.740 all other uses

00:55:13.540 for money.

00:55:15.200 You all knew

00:55:15.780 that, right?

00:55:17.840 The money is

00:55:18.840 not earmarked.

00:55:20.920 You know,

00:55:21.200 the government

00:55:22.020 collects taxes

00:55:22.860 and they raise

00:55:23.880 debt to pay for

00:55:24.580 things, but they

00:55:26.020 get to decide on

00:55:27.160 all those things,

00:55:28.040 and all of those

00:55:28.960 things have to be

00:55:29.660 weighed against

00:55:30.140 all the other

00:55:30.640 things.

00:55:31.540 So if you're

00:55:32.360 going to say

00:55:32.840 reparations yes

00:55:33.840 or no, that just

00:55:35.200 shows you don't

00:55:35.700 understand how

00:55:36.740 anything works,

00:55:38.080 because it's not

00:55:38.540 even the right

00:55:38.940 question.

00:55:40.240 You can't get the

00:55:41.180 right answer to

00:55:42.360 the wrong question.

00:55:43.420 That doesn't move

00:55:44.280 you forward.

00:55:45.060 Here's the right

00:55:45.620 question.

00:55:47.120 If you had, let's

00:55:48.320 say reparations were

00:55:49.180 going to cost, I

00:55:50.000 know, what, a

00:55:51.880 trillion dollars or

00:55:52.660 something?

00:55:53.660 Just pick a number.

00:55:55.200 The question is,

00:55:55.960 what else could you

00:55:56.580 use the trillion

00:55:57.180 dollars for?

00:55:57.820 And if the

00:55:59.480 answer is giving

00:56:01.400 money to everybody

00:56:02.200 who is poor, or

00:56:05.460 fixing all the

00:56:06.880 schools for

00:56:07.580 everybody, which

00:56:09.940 would be better

00:56:10.700 for the economy?

00:56:12.260 Well, almost

00:56:13.040 certainly it would

00:56:14.520 be better to give

00:56:15.460 two poor people

00:56:16.580 extra help than it

00:56:19.320 would be to give

00:56:20.160 one poor black

00:56:21.300 person some extra

00:56:22.240 reparations and one

00:56:23.980 rich black person

00:56:25.460 some reparations.

00:56:28.120 Am I wrong?

00:56:29.700 If you found a

00:56:30.500 poor, you know,

00:56:32.160 Chinese American

00:56:33.040 and a poor black 0.97

00:56:37.320 American, and

00:56:38.400 they're both really

00:56:39.060 poor, and you

00:56:40.360 helped those two

00:56:41.120 people, don't you

00:56:41.880 get more bang for

00:56:42.680 your buck than if

00:56:43.980 you helped one

00:56:44.660 poor black person, 1.00

00:56:46.620 poor black American, 0.99

00:56:47.600 and one well-off

00:56:49.500 black American?

00:56:50.660 There's no question,

00:56:51.660 right?

00:56:51.780 So the people

00:56:53.120 who are saying

00:56:53.540 that helping black

00:56:54.380 Americans helps

00:56:55.120 everybody, therefore

00:56:55.980 that's my analysis,

00:56:57.920 that's just somebody

00:56:58.560 who doesn't

00:56:58.960 understand really

00:56:59.920 basic economics.

00:57:01.660 Here's something

00:57:02.480 else that one of

00:57:04.400 the speakers said.

00:57:05.900 People are worried

00:57:06.680 that it would cause

00:57:07.420 inflation, but they

00:57:08.960 don't understand

00:57:09.640 that it won't.

00:57:11.180 That printing money

00:57:12.380 we don't have, a

00:57:14.040 trillion dollars, and

00:57:14.960 giving it to black 0.99

00:57:15.700 Americans won't cause 0.99

00:57:16.880 inflation.

00:57:17.560 Why?

00:57:18.420 Because it would

00:57:19.160 help the economic

00:57:20.040 activity.

00:57:20.600 So that would not

00:57:23.060 hurt inflation, it

00:57:24.420 would boost the

00:57:25.020 economic activity, so

00:57:26.320 you don't have to

00:57:27.100 worry about inflation.

00:57:28.820 Does anybody see a

00:57:29.980 problem with that?

00:57:32.020 Do you know where

00:57:32.900 inflation comes from?

00:57:34.920 It comes from every

00:57:36.300 boost of economic

00:57:37.560 activity.

00:57:39.960 It comes from

00:57:40.980 printing money and

00:57:41.940 throwing it into the

00:57:42.820 system, no matter

00:57:44.260 where.

00:57:45.300 It doesn't matter

00:57:45.840 where you put the

00:57:46.500 money, it's all

00:57:47.640 inflationary.

00:57:49.200 And so a gentleman

00:57:50.680 argued that it

00:57:51.780 wasn't inflationary

00:57:52.900 by its nature.

00:57:54.860 By its nature, it

00:57:55.940 wasn't inflationary,

00:57:57.180 because it was good

00:57:58.120 for, you know, the

00:57:59.720 economy.

00:58:01.020 Now, that is the

00:58:03.740 least understanding

00:58:04.560 of economics you

00:58:05.380 could ever have.

00:58:06.960 Now, it's not a

00:58:08.080 reason not to do

00:58:08.840 it.

00:58:09.660 I'm not saying that

00:58:10.680 you should not do

00:58:11.460 it because of

00:58:12.420 inflation.

00:58:13.240 I'm saying you

00:58:13.840 should at least

00:58:14.180 understand it, you

00:58:15.860 know, understand the

00:58:16.580 interplay between

00:58:17.300 putting money into

00:58:18.140 the system and

00:58:18.920 inflation.

00:58:20.380 So, my experience

00:58:23.040 was, and by the

00:58:23.620 way, nobody pushed

00:58:25.060 back that I heard.

00:58:27.700 I didn't hear

00:58:28.320 anybody raise their

00:58:29.100 hand and say, oh,

00:58:30.460 you know, just a

00:58:31.120 correction, any money

00:58:32.100 you put into the

00:58:32.700 system is inflationary.

00:58:33.860 There's no exception

00:58:34.540 to that.

00:58:35.900 Is there?

00:58:36.880 Is there any

00:58:37.300 exception to that?

00:58:38.320 I mean, this

00:58:38.820 wouldn't be one, but

00:58:39.700 maybe there is.

00:58:40.300 So, there's part

00:58:44.720 of me who believes

00:58:45.640 that we don't

00:58:47.220 have a racial and

00:58:51.340 philosophical divide.

00:58:54.060 We have a

00:58:55.620 knowledge problem.

00:58:58.080 And that people

00:58:59.020 who have similar

00:58:59.780 knowledge end up

00:59:00.640 in the same place

00:59:01.460 where economics is

00:59:03.560 involved.

00:59:04.940 And you have this

00:59:06.100 weird situation

00:59:06.800 where black America

00:59:07.680 is practically

00:59:09.000 screaming that 0.82

00:59:11.120 they know they

00:59:11.700 need personal

00:59:13.420 finance and

00:59:14.200 economic education.

00:59:17.060 And they're asking

00:59:17.660 for it to be

00:59:18.300 included in schools

00:59:19.700 and stuff.

00:59:20.520 I'm totally on

00:59:21.260 board with that.

00:59:22.020 But don't you

00:59:22.800 think that's one

00:59:23.400 place where the

00:59:24.680 Republicans can not

00:59:25.880 only agree with

00:59:26.780 black Americans

00:59:27.600 completely, but the

00:59:29.940 more aggressively

00:59:30.740 they help them get

00:59:31.680 what they're asking

00:59:32.300 for in that domain,

00:59:34.400 the better off

00:59:35.100 everybody's going

00:59:35.680 to be.

00:59:36.420 Am I wrong?

00:59:37.620 What Republican is

00:59:38.620 going to be

00:59:38.920 worse off because

00:59:39.640 black Americans

00:59:40.500 are brought up

00:59:42.380 to speed on

00:59:43.060 finance?

00:59:45.620 That's just all

00:59:46.500 good.

00:59:47.340 There's nothing

00:59:47.800 bad about that

00:59:48.480 in any way.

00:59:51.340 Teachers unions

00:59:52.140 are the problem.

00:59:53.000 Once again,

00:59:53.540 you were correct.

00:59:58.180 And that,

00:59:58.980 ladies and 0.98

00:59:59.320 gentlemen,

01:00:00.580 is the conclusion

01:00:01.300 of my exciting

01:00:02.220 show.

01:00:02.760 Was there anything

01:00:03.180 I missed today?

01:00:04.140 I feel like there

01:00:04.720 was a story I

01:00:05.600 missed.

01:00:05.980 Milton Friedman?

01:00:10.680 Yeah,

01:00:10.920 Milton Friedman's

01:00:11.740 sort of a

01:00:12.220 challenging

01:00:12.960 place to start.

01:00:14.960 I wouldn't

01:00:15.380 start anybody

01:00:16.840 with Milton

01:00:17.380 Friedman.

01:00:19.860 I'm a fan,

01:00:21.500 but I wouldn't

01:00:22.460 start there.

01:00:23.560 I'd start

01:00:24.020 simpler.

01:00:28.260 Handing out

01:00:28.880 money to people

01:00:29.460 for nothing

01:00:30.120 never works.

01:00:31.180 Well,

01:00:32.800 here's the

01:00:33.240 problem with

01:00:33.700 never.

01:00:36.540 Never makes

01:00:37.400 sense when the

01:00:38.000 environment is

01:00:38.640 similar.

01:00:40.160 But we're,

01:00:41.180 as we enter

01:00:42.080 the AI

01:00:43.080 singularity and

01:00:44.320 the age of

01:00:45.080 robots,

01:00:46.380 we might have

01:00:47.180 to rethink

01:00:47.760 that giving

01:00:48.980 money to

01:00:49.500 somebody for

01:00:49.960 nothing doesn't

01:00:50.580 work.

01:00:51.400 It might always

01:00:52.320 be true.

01:00:53.180 I'm open to the

01:00:54.080 fact that there's

01:00:54.720 nothing that could

01:00:55.320 change that.

01:00:55.960 but there

01:00:58.680 might be no

01:00:59.320 other alternative.

01:01:00.580 There might just

01:01:01.020 not be enough

01:01:01.560 jobs,

01:01:02.020 so we'll see.

01:01:07.460 Subtract

01:01:07.900 BLM riots 1.00

01:01:08.780 from reparation

01:01:09.600 debt.

01:01:10.420 Well,

01:01:10.880 yeah.

01:01:12.560 And here's the

01:01:13.300 other thing.

01:01:13.680 I've said this

01:01:14.360 before.

01:01:14.980 If you were

01:01:15.460 going to

01:01:15.660 calculate how

01:01:16.300 much the

01:01:16.740 reparation should

01:01:17.560 be,

01:01:18.700 how would you

01:01:19.600 do that?

01:01:20.780 Well,

01:01:21.080 if you

01:01:21.340 understood

01:01:21.700 economics,

01:01:23.520 and here's

01:01:24.120 the problem

01:01:24.500 again,

01:01:24.800 you would

01:01:26.860 compare to

01:01:27.320 Nigeria,

01:01:28.060 or you

01:01:28.320 would compare

01:01:28.740 to wherever

01:01:29.900 in Africa

01:01:30.700 the slaves

01:01:32.160 were originally

01:01:32.820 taken from,

01:01:34.320 you would say,

01:01:35.000 how is that

01:01:35.400 local population

01:01:36.280 doing compared

01:01:37.700 to the people

01:01:38.240 who had the

01:01:38.920 misfortune of

01:01:39.760 being slaves?

01:01:41.360 And I think

01:01:41.780 you would find

01:01:42.240 that the

01:01:43.080 descendants of

01:01:44.320 the slaves

01:01:44.840 are doing

01:01:45.880 better than

01:01:46.440 the descendants

01:01:47.100 of the people

01:01:47.860 who captured

01:01:49.680 them.

01:01:50.680 Probably the

01:01:51.120 people who

01:01:51.500 captured the

01:01:52.140 slaves and sold

01:01:53.000 them,

01:01:53.860 but stayed

01:01:54.380 in Africa

01:01:54.840 themselves.

01:01:55.920 Probably not

01:01:56.600 doing so

01:01:57.000 well.

01:01:58.020 I don't

01:01:58.200 know.

01:01:58.880 Probably

01:01:59.140 not.

01:02:02.860 A

01:02:03.220 sip

01:02:03.420 premises.

01:02:05.460 Somebody just

01:02:06.180 called me a

01:02:06.700 white sip

01:02:07.380 premises.

01:02:08.820 Okay,

01:02:09.100 that's pretty

01:02:09.500 clever. 0.51

01:02:10.940 See,

01:02:11.220 that's why I

01:02:12.060 accept my

01:02:13.760 inaccurate name

01:02:15.060 Claude Adams,

01:02:16.280 because it's

01:02:16.940 funny.

01:02:17.980 As long as

01:02:18.760 it's funny,

01:02:19.260 I'm okay with

01:02:19.780 it.

01:02:22.440 Humorous is

01:02:23.080 good.

01:02:24.380 All right.

01:02:28.100 Start with

01:02:28.740 Hayek.

01:02:34.880 Have you

01:02:35.400 been to a

01:02:35.760 school in

01:02:36.400 Baltimore?

01:02:37.060 How can you

01:02:37.520 genuinely blame

01:02:38.220 that situation

01:02:38.800 on the

01:02:39.160 teachers or

01:02:39.760 the schools

01:02:40.280 or the

01:02:40.660 NEA?

01:02:43.020 Easily.

01:02:44.520 Choice.

01:02:45.740 That's how

01:02:46.240 it's done.

01:02:47.600 Yeah.

01:02:48.560 The teachers

01:02:49.740 unions make

01:02:52.300 it impossible

01:02:52.840 to have an

01:02:53.320 option.

01:02:54.560 If they had

01:02:55.080 more of a

01:02:55.740 free market

01:02:56.260 school in

01:02:56.820 Baltimore,

01:02:57.160 you don't

01:02:57.560 think it

01:02:57.840 would be

01:02:58.060 better?

01:02:59.300 If the

01:02:59.840 kids who

01:03:00.200 went to

01:03:00.440 the school

01:03:00.740 that totally

01:03:01.260 doesn't work,

01:03:02.040 the public

01:03:02.420 one, had an

01:03:04.100 option of

01:03:05.460 going to

01:03:06.020 some kind

01:03:06.640 of a private

01:03:07.200 one that

01:03:08.220 did work,

01:03:09.240 you don't

01:03:09.700 think anybody

01:03:10.160 would make

01:03:10.500 that choice?

01:03:12.600 Now, I know

01:03:13.300 what you're

01:03:13.540 saying.

01:03:13.820 You're saying

01:03:14.160 that Baltimore,

01:03:15.360 it looks like

01:03:16.100 the people are

01:03:16.700 the problem.

01:03:17.280 Is that what

01:03:17.620 you're going to

01:03:17.900 say?

01:03:18.700 Like, if

01:03:19.080 you're actually

01:03:19.420 there, it

01:03:20.120 just looks

01:03:20.480 like it's

01:03:21.460 just a tough

01:03:22.160 neighborhood and

01:03:22.780 nothing's going

01:03:23.280 to work.

01:03:24.140 But there's

01:03:24.640 always somebody

01:03:25.400 in any group

01:03:27.140 who can get

01:03:28.140 out, and

01:03:28.880 they don't

01:03:29.100 have an

01:03:29.360 option now.

01:03:34.380 All right.

01:03:38.940 Here's a

01:03:39.460 question.

01:03:40.420 Somebody asked

01:03:40.900 me, it says,

01:03:41.440 you, Trump,

01:03:42.100 meaning me,

01:03:42.980 me, Trump,

01:03:43.580 Cernovich,

01:03:44.020 DeSantis,

01:03:44.480 Kerry, Lake,

01:03:44.920 Tulsi, and

01:03:46.720 Georgi, Malani,

01:03:47.440 on a desert

01:03:48.040 island for a

01:03:48.740 year, who's

01:03:49.220 the boss?

01:03:49.960 All right, let

01:03:50.360 me think.

01:03:51.560 Me, Trump,

01:03:52.540 Cernovich,

01:03:53.200 DeSantis,

01:03:54.740 Kerry, Lake,

01:03:55.480 Tulsi,

01:03:55.900 Gabbard,

01:03:57.240 Georgi, and

01:03:57.800 Malani on a 0.91

01:03:58.660 desert island.

01:03:59.300 Who's the

01:03:59.680 boss?

01:04:03.420 No, no, no.

01:04:04.260 That's a tough

01:04:04.780 one.

01:04:06.180 That's a tough

01:04:06.840 one.

01:04:07.760 It's a tough

01:04:08.420 one because I

01:04:08.980 always say me.

01:04:10.880 No, it'd be

01:04:11.340 me.

01:04:11.860 Yeah, it'd be

01:04:12.200 me.

01:04:13.320 It would be

01:04:13.920 me.

01:04:16.740 Now, I

01:04:17.240 wouldn't

01:04:17.440 necessarily

01:04:17.860 be in

01:04:20.240 charge.

01:04:21.920 So I

01:04:22.360 wouldn't

01:04:22.560 necessarily

01:04:23.000 be the

01:04:23.500 leader,

01:04:25.660 but I'm

01:04:26.260 pretty sure I

01:04:26.780 would get

01:04:27.160 what I

01:04:27.380 wanted.

01:04:28.680 So here's

01:04:29.220 one of the

01:04:29.860 tricks in

01:04:30.480 my book that

01:04:31.780 I'm just

01:04:32.460 finishing.

01:04:33.900 So I've

01:04:36.360 got a chapter

01:04:36.860 on knowing

01:04:37.620 who has the

01:04:38.200 power.

01:04:40.300 And lots

01:04:41.020 of times we

01:04:41.680 mistakenly think

01:04:43.360 that the

01:04:43.640 person has the

01:04:44.240 title, a

01:04:45.460 boss, has

01:04:46.400 the power.

01:04:47.320 But there's

01:04:47.960 so many times

01:04:48.560 that's not

01:04:49.000 true.

01:04:49.820 And the

01:04:50.440 primary time

01:04:51.300 that's not

01:04:51.740 true is if

01:04:53.220 somebody has a

01:04:53.820 better idea.

01:04:56.040 In my

01:04:56.760 experience, the

01:04:57.680 person with the

01:04:58.380 best ideas is

01:05:00.720 always in

01:05:01.180 charge.

01:05:02.360 Whoever the

01:05:02.900 boss is is

01:05:03.540 almost irrelevant.

01:05:05.080 If the boss

01:05:05.840 sits in a

01:05:06.260 meeting and

01:05:07.420 there's one

01:05:07.820 person who

01:05:08.260 comes up with

01:05:08.740 an idea that's

01:05:09.360 just clearly,

01:05:10.580 obviously, the

01:05:11.220 right thing to

01:05:11.720 do, what's the

01:05:12.980 boss going to

01:05:13.440 say?

01:05:14.560 Don't do

01:05:15.120 that.

01:05:16.580 Now, whoever

01:05:17.440 has the best

01:05:18.060 idea is always

01:05:18.800 in charge.

01:05:20.000 So when you

01:05:20.780 asked me about

01:05:21.360 the island, you

01:05:23.640 were probably

01:05:24.020 thinking, all

01:05:24.580 right, who's

01:05:24.940 the alpha?

01:05:26.280 Like, who

01:05:26.620 would be the

01:05:27.240 most, let's

01:05:28.840 say, power-centric

01:05:29.940 person who would

01:05:30.720 become the

01:05:31.100 natural leader?

01:05:32.100 And I think

01:05:32.620 that would either

01:05:33.060 be Trump or

01:05:34.340 Sertovich or

01:05:35.380 DeSantis,

01:05:36.480 probably.

01:05:37.560 Because I

01:05:37.900 think on an

01:05:38.740 island it would

01:05:39.260 end up being

01:05:39.740 male.

01:05:40.880 Because if

01:05:41.360 you're on an

01:05:41.800 island, you

01:05:42.980 there's no

01:05:43.400 social anything,

01:05:45.100 the men are

01:05:45.720 in charge.

01:05:47.980 I mean, maybe

01:05:49.180 Carrie Lake

01:05:49.780 rises to the

01:05:50.480 top, but not

01:05:50.980 really.

01:05:51.640 I think the

01:05:52.040 men are in

01:05:52.440 charge if it's

01:05:53.100 just no law.

01:05:55.340 So then you

01:05:56.040 would say, who's

01:05:56.520 the most alpha?

01:05:58.100 And you look

01:05:58.840 at, okay, who

01:06:00.160 could win a

01:06:00.680 fight?

01:06:02.300 Sertovich, from

01:06:03.540 that group.

01:06:04.640 Like, if it

01:06:05.060 turned into a

01:06:06.540 cage match, he

01:06:08.080 would win the

01:06:08.820 fight.

01:06:09.960 So does that

01:06:10.560 make him the

01:06:11.040 leader of the

01:06:11.480 island?

01:06:12.980 Well, I

01:06:14.520 still say that

01:06:15.420 how the

01:06:16.280 island is run

01:06:17.040 for the

01:06:17.380 benefit of

01:06:17.900 all is a

01:06:19.100 question of

01:06:19.740 having the

01:06:20.700 best ideas.

01:06:22.240 So regardless

01:06:23.180 of whether the

01:06:24.240 strongest or

01:06:25.040 the, you

01:06:26.100 know, if it's

01:06:27.000 Trump or

01:06:27.360 whoever, whoever

01:06:28.240 has the best

01:06:28.860 ideas is still

01:06:29.660 going to get

01:06:30.100 the biggest

01:06:31.740 influence.

01:06:32.880 So who has

01:06:33.920 the power?

01:06:35.020 The person with

01:06:35.880 the title or the

01:06:36.500 best ideas?

01:06:38.620 What would you

01:06:39.360 say?

01:06:39.600 In your way

01:06:41.200 of viewing, does

01:06:43.420 the boss have

01:06:44.000 the power, because

01:06:44.860 they have the

01:06:46.540 ability, I guess,

01:06:47.840 to fire

01:06:48.560 somebody, or

01:06:49.840 does the

01:06:50.560 employee who

01:06:51.420 is indispensable

01:06:52.320 and has all

01:06:52.940 the good

01:06:53.180 ideas?

01:06:54.700 To me, it's

01:06:55.180 easy.

01:06:56.140 The employee

01:06:56.620 has all the

01:06:57.060 power.

01:06:58.080 Now, you

01:06:58.800 could argue

01:06:59.260 it, but as

01:07:00.340 a way of

01:07:01.280 living and

01:07:02.140 going through

01:07:02.540 my life, I

01:07:04.200 walk into

01:07:04.740 every environment

01:07:05.560 thinking I'm

01:07:06.220 in control.

01:07:06.740 It's not

01:07:08.580 true, right?

01:07:10.720 It's not

01:07:11.240 true, but I

01:07:12.400 never walk into

01:07:13.120 a room that I

01:07:13.720 don't think I

01:07:14.180 control, because

01:07:15.900 I have enough

01:07:16.740 skill that if I

01:07:18.480 needed to, I

01:07:19.200 could.

01:07:20.460 It's just

01:07:20.780 usually you

01:07:21.240 don't need

01:07:21.580 to.

01:07:24.700 Who would

01:07:25.240 eat first?

01:07:27.840 Carrie

01:07:28.240 Lake's lawsuit.

01:07:29.320 She has a

01:07:29.740 lawsuit against

01:07:30.320 Maricopa.

01:07:31.100 Is that the

01:07:31.420 one you're

01:07:31.640 talking about?

01:07:34.000 Yeah.

01:07:34.400 So, I

01:07:36.240 don't know if

01:07:36.680 there are any

01:07:37.080 lawsuits that

01:07:38.960 will find, does

01:07:39.960 a lawsuit have

01:07:42.380 to find standing?

01:07:43.520 It does, right?

01:07:44.220 I don't know

01:07:44.640 enough about the

01:07:45.300 law.

01:07:46.060 But won't the

01:07:46.860 courts say the

01:07:47.480 same things they

01:07:48.220 always say, which

01:07:49.440 is the election's

01:07:50.160 already over, or

01:07:52.240 something like

01:07:52.740 that?

01:07:53.480 It's like, we

01:07:54.220 don't listen to

01:07:55.180 cases where our

01:07:56.560 ruling would have

01:07:57.220 no, there's no

01:07:58.140 point to it, because

01:07:59.680 we're not going to

01:08:00.140 go back in time and

01:08:01.020 change it, right?

01:08:04.400 But maybe if

01:08:05.960 they're just

01:08:06.300 suing some

01:08:06.920 individuals or

01:08:08.080 something, maybe

01:08:08.620 it's different, I

01:08:09.360 don't know.

01:08:12.920 Yeah, Carrie

01:08:13.400 Lake says she

01:08:13.960 has evidence of

01:08:14.700 malfeasance.

01:08:15.700 Now, here's what

01:08:16.600 you need to do.

01:08:18.300 How many, remember

01:08:19.480 when the initial

01:08:21.640 claims of election

01:08:23.220 malfeasance came

01:08:24.080 up in 2020?

01:08:25.480 You remember I

01:08:26.120 said, soon, early

01:08:27.700 and often, I

01:08:29.040 said that most, 95%

01:08:31.140 of all the claims

01:08:32.060 you hear will be

01:08:33.600 bullshit.

01:08:34.400 And that I

01:08:35.420 didn't know if

01:08:35.960 5% would be

01:08:36.800 true, but I

01:08:38.180 could guarantee

01:08:38.740 that at least 90%

01:08:40.120 would not be

01:08:40.700 true.

01:08:42.040 How have I

01:08:42.700 done?

01:08:43.880 Wouldn't you say

01:08:44.600 that 95% of the

01:08:45.700 claims were

01:08:46.260 definitely not

01:08:46.940 true so far?

01:08:48.700 Which has nothing

01:08:49.660 to do with whether

01:08:50.620 it was fair or

01:08:52.240 not.

01:08:53.200 Separate

01:08:53.620 questions.

01:08:55.160 I'm just saying

01:08:55.740 there will always

01:08:56.320 be 10 to 1

01:08:57.280 untrue statements,

01:08:58.900 at least.

01:09:00.200 If not all.

01:09:01.760 At least 10 to

01:09:02.660 1.

01:09:02.840 So, now you

01:09:04.480 say, Carrie 0.99

01:09:05.200 Lake is now

01:09:05.940 one of the

01:09:06.360 10, and she 0.99

01:09:08.080 has claims.

01:09:09.120 And she even 0.59

01:09:09.560 has a whistleblower,

01:09:10.420 right?

01:09:11.000 So, it doesn't

01:09:12.480 even matter how

01:09:13.080 strong the

01:09:13.860 claim sounds,

01:09:14.660 right?

01:09:15.460 But, so would

01:09:17.760 you say that the

01:09:18.500 existence of the

01:09:19.300 whistleblower, plus

01:09:21.200 whatever you think

01:09:21.880 about Carrie

01:09:22.400 Lake's own

01:09:23.080 reputation and

01:09:24.220 credibility, do you

01:09:25.780 think that those

01:09:26.320 two suggest that

01:09:27.860 this will be in

01:09:28.460 the 5%, or

01:09:30.400 will it be in

01:09:30.940 the 95% that

01:09:32.180 turn out to be

01:09:32.800 bullshit, almost

01:09:34.200 every time?

01:09:36.260 2,000 mules

01:09:37.060 hasn't panned

01:09:37.680 out, has it?

01:09:40.360 In my opinion,

01:09:41.720 2,000 mules has

01:09:42.720 not been

01:09:43.160 demonstrated to

01:09:45.200 some level of

01:09:45.900 certainty.

01:09:46.860 I would say

01:09:47.500 that's another one

01:09:48.140 that hasn't

01:09:48.460 panned out, which

01:09:49.760 doesn't mean it's

01:09:50.320 not true, it

01:09:51.800 just hasn't

01:09:52.220 panned out.

01:09:52.720 Yeah, so I

01:09:58.640 would say that I

01:10:01.500 don't have an

01:10:02.240 opinion of

01:10:02.800 whether Carrie

01:10:03.360 Lake's claims

01:10:05.440 are accurate, or

01:10:06.720 enough that they

01:10:07.360 would have changed

01:10:07.800 the election.

01:10:08.620 So I don't have

01:10:09.340 an opinion on

01:10:09.940 that.

01:10:12.140 I do have an

01:10:13.140 opinion that if

01:10:14.780 I were looking at

01:10:15.480 it from space, I

01:10:17.380 would say there's

01:10:17.920 a 95% chance it

01:10:19.740 either can't be

01:10:20.900 proven, or it

01:10:22.360 will be shown to

01:10:23.080 be irrelevant to

01:10:23.880 the courts because

01:10:24.780 of what the

01:10:25.240 courts consider

01:10:26.660 their domain and

01:10:27.460 what isn't.

01:10:30.220 Is that fair?

01:10:31.640 Is it a fair

01:10:32.700 position?

01:10:33.380 I genuinely don't

01:10:34.420 have any way to

01:10:35.400 know if her

01:10:36.580 claims are good,

01:10:37.520 and I also don't

01:10:38.620 have any sense of

01:10:40.180 whether she could

01:10:40.820 be fooled by

01:10:41.640 false claims,

01:10:43.160 because I think

01:10:43.660 we all can.

01:10:44.960 I mean, you

01:10:45.320 remember me

01:10:45.880 thinking that the

01:10:46.580 Kraken was real,

01:10:48.480 right?

01:10:49.020 I consider myself

01:10:50.120 a sophisticated

01:10:51.420 consumer of

01:10:52.340 news, and

01:10:53.660 when somebody

01:10:54.120 with a good

01:10:54.740 reputation stands

01:10:55.880 in front of the

01:10:56.380 world and says,

01:10:57.620 I'm going to

01:10:58.020 show you the

01:10:58.460 Kraken tomorrow,

01:11:00.300 I believed it.

01:11:01.820 I mean, I just

01:11:02.300 took it on face

01:11:02.900 value.

01:11:03.300 It's like, oh,

01:11:03.780 good reputation?

01:11:05.040 You wouldn't make

01:11:05.700 that kind of claim

01:11:06.420 unless you had the

01:11:07.020 goods.

01:11:08.060 And then it

01:11:08.820 turns out, I

01:11:11.180 think she was 0.93

01:11:12.520 bamboozled.

01:11:14.020 I think she

01:11:14.680 believed it, but

01:11:15.360 she was bamboozled.

01:11:16.800 So, do you

01:11:17.900 think, is there

01:11:18.480 anything that you

01:11:18.960 know about Carrie

01:11:19.680 Lake, they

01:11:21.100 would tell you

01:11:21.580 that she would

01:11:22.060 be less gullible

01:11:24.120 than Sidney

01:11:26.680 Powell?

01:11:28.420 What is it you

01:11:29.300 know about the

01:11:29.880 two of them?

01:11:31.120 You'd say, oh,

01:11:32.140 Sidney Powell was

01:11:33.300 gullible in that

01:11:34.660 case, but Carrie

01:11:37.140 Lake would never 0.99

01:11:37.820 fall for that

01:11:38.560 trick.

01:11:39.880 I don't know.

01:11:41.340 Because I've seen

01:11:42.300 even myself fall for

01:11:43.860 that trick, right?

01:11:45.640 How many of you

01:11:46.440 fell for it?

01:11:47.020 How many of you

01:11:47.880 thought the

01:11:48.280 Kraken was

01:11:48.820 coming?

01:11:49.680 Didn't we all

01:11:50.200 fall for it?

01:11:52.640 I'll bet you 80%

01:11:53.920 of the people

01:11:54.420 watching this

01:11:55.240 live stream fell

01:11:56.680 for the Kraken

01:11:57.380 because you thought

01:11:58.580 Sidney Powell was

01:11:59.440 a credible person

01:12:00.440 because the news

01:12:01.500 told you she was.

01:12:02.780 I watched Fox

01:12:03.740 News, and Fox

01:12:05.220 News kept saying,

01:12:06.000 oh, yeah,

01:12:07.440 Sidney Powell,

01:12:08.120 she's the real

01:12:08.600 deal.

01:12:09.660 Been around

01:12:10.100 forever, good

01:12:11.380 reputation.

01:12:12.400 I believed it.

01:12:13.300 Now, I also

01:12:15.140 believe Carrie

01:12:16.640 Lake is smart 0.93

01:12:17.960 and capable

01:12:18.500 and has a good

01:12:19.140 reputation.

01:12:20.620 Exactly what I

01:12:21.560 thought about

01:12:22.160 Sidney Powell.

01:12:23.820 So, having made

01:12:25.360 the exact mistake

01:12:26.640 before of

01:12:28.740 listening to a,

01:12:29.700 what I thought

01:12:30.320 was a credible,

01:12:31.800 high-powered,

01:12:32.780 successful woman

01:12:33.640 telling me

01:12:34.760 something, and

01:12:35.420 the woman part's

01:12:36.080 unimportant, a

01:12:37.440 high-powered,

01:12:37.940 successful person

01:12:38.740 telling me something

01:12:40.160 was true and I was

01:12:40.880 going to see it

01:12:41.280 tomorrow, I don't

01:12:42.940 know, you kind

01:12:43.540 of believe that

01:12:44.080 for at least a

01:12:44.760 day until it

01:12:45.760 doesn't happen.

01:12:49.860 All right.

01:12:50.860 So, here's the

01:12:52.340 other thing you

01:12:52.760 need to know

01:12:53.180 about Carrie

01:12:54.080 Lake and her

01:12:55.800 situation.

01:12:57.280 So, this is

01:12:58.080 independent from

01:12:58.860 the personality.

01:13:00.320 This would be

01:13:00.900 true of anybody

01:13:01.500 in her situation.

01:13:03.360 They would be

01:13:04.040 in cognitive

01:13:04.760 dissonance.

01:13:06.480 You could take

01:13:07.060 Carrie Lake

01:13:07.580 out of this

01:13:07.960 situation, just

01:13:08.840 take her out, 1.00

01:13:09.940 and plop in

01:13:10.700 anybody you

01:13:11.360 choose.

01:13:11.740 the smartest,

01:13:13.200 wisest person

01:13:13.840 you know.

01:13:14.260 Just put them

01:13:14.700 in her exact

01:13:15.440 situation.

01:13:16.580 How would

01:13:16.960 they feel?

01:13:18.760 Exactly the

01:13:19.420 way she feels.

01:13:21.520 The evidence

01:13:22.600 and what we

01:13:23.300 all watched

01:13:23.980 would make

01:13:24.940 anyone feel

01:13:26.020 the way she

01:13:26.500 feels.

01:13:27.320 But does

01:13:27.700 that mean

01:13:28.080 she's right?

01:13:30.660 No.

01:13:31.440 It means she

01:13:32.000 had a perfect

01:13:32.760 situation for

01:13:33.660 cognitive dissonance.

01:13:35.360 She had the

01:13:35.880 trigger.

01:13:36.860 Look for the

01:13:37.540 trigger.

01:13:38.480 The trigger is

01:13:39.160 there.

01:13:40.000 The trigger is

01:13:40.700 that she was

01:13:41.000 positive she

01:13:41.600 won.

01:13:42.020 That was her

01:13:42.440 worldview, or

01:13:43.380 that she would.

01:13:44.600 At some point

01:13:45.140 she was probably

01:13:45.560 sure.

01:13:46.660 And then it

01:13:47.480 didn't happen.

01:13:49.020 That's a trigger

01:13:49.820 for cognitive

01:13:50.500 dissonance.

01:13:51.760 Anybody you put

01:13:52.460 there would

01:13:53.720 think it was

01:13:54.160 rigged.

01:13:54.880 Anybody.

01:13:55.860 And I think

01:13:56.380 the same for

01:13:56.840 Trump.

01:13:58.920 Trump is

01:13:59.560 different because

01:14:00.140 he'll say out

01:14:00.820 loud it was

01:14:01.380 rigged as many

01:14:02.180 times as he

01:14:03.380 wants, no matter

01:14:04.240 how many times

01:14:04.800 you tell him

01:14:05.200 not to.

01:14:06.200 So that's

01:14:06.620 different about

01:14:07.120 Trump.

01:14:07.440 But you

01:14:08.260 don't think

01:14:08.800 that everybody

01:14:09.320 who loses

01:14:09.760 an election

01:14:10.300 that's close

01:14:10.960 and sketchy

01:14:11.540 looking thinks

01:14:12.080 it's rigged.

01:14:12.880 They all

01:14:13.460 do, of

01:14:14.300 course.

01:14:15.420 Of course

01:14:16.020 they do.

01:14:16.900 Trump believes

01:14:17.540 what anybody

01:14:18.280 would believe

01:14:18.900 in his

01:14:19.800 situation.

01:14:21.100 Carrie

01:14:21.340 Lake believes

01:14:21.920 what anybody

01:14:22.620 would believe

01:14:23.180 in that

01:14:23.500 situation,

01:14:24.140 including me.

01:14:25.620 Right?

01:14:26.380 So if it

01:14:26.980 turns out she's 0.99

01:14:27.600 wrong, trust

01:14:29.460 me, I would

01:14:30.100 have been wrong

01:14:30.640 in that same

01:14:31.420 situation.

01:14:32.240 And so would

01:14:32.700 you.

01:14:33.240 So would

01:14:33.580 you.

01:14:34.700 Yeah.

01:14:35.140 She's in an

01:14:36.160 impossible

01:14:36.640 situation.

01:14:37.940 It's basically

01:14:38.760 a cognitive

01:14:39.660 dissonance

01:14:40.260 vice grip.

01:14:41.820 She could be

01:14:42.440 totally right.

01:14:43.920 I'm not

01:14:44.280 going to, I

01:14:45.080 don't even have

01:14:45.580 an opinion

01:14:45.980 of what's

01:14:46.320 likely, honestly.

01:14:47.620 She could be

01:14:48.100 totally right.

01:14:49.720 But she is 1.00

01:14:50.360 in the grip

01:14:50.920 of cognitive

01:14:51.720 dissonance

01:14:52.340 where whether

01:14:53.640 she's right

01:14:54.240 or wrong,

01:14:54.700 she's only

01:14:55.100 going to see

01:14:55.500 one side.

01:14:57.180 Now if that

01:14:57.720 side is the

01:14:58.320 correct side,

01:14:59.180 well, good

01:14:59.860 for her.

01:15:01.020 But her

01:15:02.780 level of

01:15:03.340 certainty and

01:15:04.920 the amount

01:15:05.580 of evidence

01:15:06.220 she says

01:15:06.700 she has,

01:15:07.760 which sounds

01:15:08.400 pretty important,

01:15:10.980 you can't

01:15:11.880 really trust

01:15:12.340 it at this

01:15:12.740 point in

01:15:14.180 the process.

01:15:17.200 Are you

01:15:18.020 kidding me

01:15:19.340 that Trump

01:15:20.360 made a major

01:15:21.000 announcement

01:15:21.480 and it was

01:15:21.940 super stupid

01:15:24.480 digital trading

01:15:25.440 cards?

01:15:26.680 Oh, please

01:15:27.300 tell me that

01:15:27.840 wasn't it.

01:15:29.420 Oh.

01:15:30.940 Oh.

01:15:32.500 Really?

01:15:32.940 Oh, God.

01:15:38.960 Yeah.

01:15:40.520 Do you see

01:15:41.260 the analytical

01:15:43.260 problem that

01:15:44.200 I made here

01:15:44.780 where I was

01:15:46.800 speculating that

01:15:47.460 you might be

01:15:47.920 announcing, you

01:15:48.780 know, Carrie

01:15:49.220 Lake as VP?

01:15:50.980 Carrie Lake as 0.99

01:15:51.800 VP is what old

01:15:52.760 Trump might have

01:15:53.440 done.

01:15:55.240 2015 Trump

01:15:56.300 might have done

01:15:56.960 that, like if

01:15:57.800 he had been in

01:15:58.280 this situation in

01:15:59.080 2015.

01:15:59.520 I think past

01:16:01.920 Trump would

01:16:02.520 have made a

01:16:04.080 bigger play.

01:16:05.660 I don't think

01:16:06.160 past Trump would

01:16:06.960 have said it's a

01:16:08.180 big announcement

01:16:08.720 about digital

01:16:09.440 trading cards.

01:16:10.700 Now, is it a

01:16:11.140 fundraiser?

01:16:12.380 Is he using it

01:16:13.340 as his fundraiser?

01:16:14.440 Is that what it

01:16:14.800 is?

01:16:18.960 Yeah.

01:16:20.300 Oh, it's a

01:16:21.000 Trump card.

01:16:22.000 Or is it a

01:16:22.480 Trump card?

01:16:24.640 Yeah, it's like

01:16:25.340 he quit, huh?

01:16:26.700 Doesn't it look

01:16:27.320 like he's just

01:16:27.880 playing it for

01:16:28.900 business purposes?

01:16:32.200 I mean, that's

01:16:32.620 what we thought

01:16:33.040 the first time he

01:16:33.700 ran.

01:16:34.480 He surprised us.

01:16:39.460 All right.

01:16:39.980 I just have to

01:16:40.800 see on Twitter

01:16:41.420 what people are

01:16:42.020 saying about

01:16:42.420 this.

01:16:45.300 Actually, I

01:16:45.800 would look on

01:16:46.240 Truth Social

01:16:47.140 because it's

01:16:47.600 probably on

01:16:47.980 there, right?

01:16:49.900 Let's find the

01:16:50.640 actual announcement.

01:16:54.600 Trump, Trump,

01:16:55.300 Trump.

01:16:56.040 Trump, Trump,

01:16:58.760 Trump.

01:16:59.460 You've probably

01:17:00.100 already found it

01:17:00.760 and you're telling

01:17:01.180 me right now.

01:17:02.740 But I'm looking

01:17:03.480 down.

01:17:03.880 I don't see it.

01:17:05.780 All right.

01:17:06.240 My official

01:17:06.800 Donald Trump

01:17:08.100 digital trading

01:17:09.100 card collection

01:17:09.720 is here.

01:17:11.500 These limited

01:17:12.240 edition cards

01:17:13.020 feature amazing

01:17:13.820 art of my life

01:17:14.740 and career.

01:17:17.300 Get your

01:17:17.900 cards now,

01:17:18.560 $99 each.

01:17:22.500 All right.

01:17:23.140 I think I

01:17:26.160 know who the

01:17:26.620 artist is,

01:17:27.240 but I have

01:17:27.540 to confirm

01:17:28.180 that.

01:17:29.740 If the

01:17:30.300 artist is

01:17:30.760 who I think

01:17:31.480 it is,

01:17:31.820 it's somebody

01:17:32.600 you're going

01:17:32.920 to like.

01:17:34.540 Somebody you've

01:17:35.160 seen on

01:17:35.480 Twitter.

01:17:38.360 So,

01:17:40.240 Trump trading

01:17:41.680 cards for

01:17:42.180 $99.

01:17:42.700 Wait, is this

01:17:44.600 for the campaign

01:17:45.340 or for himself?

01:17:47.860 It's just a

01:17:48.420 Christmas gift.

01:17:49.100 Trump digital

01:17:51.540 cards or

01:17:52.200 NFTs.

01:17:55.780 Well,

01:17:56.640 so,

01:17:57.880 you may not

01:17:58.900 know this

01:17:59.260 about NFTs.

01:18:00.380 So, an NFT

01:18:01.000 is a digital,

01:18:02.820 it's usually

01:18:03.460 art,

01:18:04.420 digital art,

01:18:05.700 that because

01:18:06.160 of the

01:18:06.380 blockchain,

01:18:06.960 you can know

01:18:07.480 who the real

01:18:08.120 owner is.

01:18:09.080 And if anybody

01:18:09.560 has a copy,

01:18:10.480 they're not the

01:18:10.900 real owner,

01:18:11.760 because only the

01:18:12.400 blockchain tells

01:18:13.260 you who the

01:18:13.620 real owner is.

01:18:15.080 So,

01:18:16.080 but one of the

01:18:16.840 things that a

01:18:17.840 NFT does,

01:18:20.440 that's different

01:18:20.900 from regular

01:18:21.560 art,

01:18:22.300 is that if you

01:18:23.460 create it with

01:18:24.780 a feature that

01:18:26.360 would give you

01:18:26.960 a percentage every

01:18:28.120 time it's resold

01:18:29.080 to anybody any

01:18:30.140 time in the

01:18:30.640 future,

01:18:31.580 because you can

01:18:32.040 do that because

01:18:32.560 everything goes

01:18:33.100 back to the

01:18:33.560 blockchain,

01:18:35.680 you could make

01:18:36.680 a huge amount

01:18:37.720 of money selling

01:18:39.140 something for a

01:18:39.940 dollar.

01:18:41.160 Let me make

01:18:42.080 the case.

01:18:42.980 Let's say that

01:18:43.680 Trump sold one

01:18:44.740 card for one

01:18:46.260 dollar.

01:18:47.840 And that's

01:18:48.240 it.

01:18:49.820 And Buddy

01:18:50.260 said,

01:18:50.760 anybody who

01:18:51.540 resells this,

01:18:52.400 I get 10%.

01:18:53.360 So the

01:18:54.440 dollar resells

01:18:55.500 it for $2,

01:18:56.800 and he gets

01:18:58.080 10% of that.

01:18:59.060 The $2 sells

01:19:00.200 it for $4,

01:19:01.180 and Trump

01:19:01.500 gets 10%

01:19:02.500 of that.

01:19:04.940 He could

01:19:05.560 make a

01:19:05.860 billion dollars.

01:19:08.420 All that

01:19:09.040 matters is

01:19:09.560 people sell

01:19:10.140 it and

01:19:10.380 resell it.

01:19:11.440 That's all

01:19:11.820 that matters.

01:19:13.020 If they do,

01:19:13.920 if they like

01:19:14.500 trading and

01:19:15.780 trying to build

01:19:16.320 a full set

01:19:18.200 and stuff,

01:19:19.400 then they

01:19:19.820 will be

01:19:20.080 buying and

01:19:20.600 selling,

01:19:21.560 and he

01:19:22.280 would get

01:19:22.600 10% or

01:19:23.860 whatever he

01:19:24.300 specified of

01:19:25.620 every trade.

01:19:29.320 Well,

01:19:29.840 you say

01:19:30.120 nobody would

01:19:30.640 buy it

01:19:31.080 at $99.

01:19:33.780 Would you

01:19:34.340 buy it at

01:19:34.760 $99 if you

01:19:35.980 knew you

01:19:36.300 could sell

01:19:36.720 it for

01:19:37.020 $120?

01:19:39.120 Because it's

01:19:39.760 almost guaranteed

01:19:40.500 that you can.

01:19:41.060 it's like

01:19:43.680 free money.

01:19:44.620 The first

01:19:45.040 people who

01:19:45.440 buy it

01:19:45.760 are just

01:19:46.040 going to

01:19:46.240 be flipping

01:19:47.100 it over

01:19:47.500 for free

01:19:47.980 money.

01:19:48.960 That's how

01:19:49.360 NFTs work.

01:19:51.040 So you'd

01:19:52.000 have to think

01:19:52.560 that nobody

01:19:53.120 would buy

01:19:53.640 one for

01:19:55.100 you not

01:19:55.480 to buy

01:19:55.780 one.

01:19:56.540 If you

01:19:56.880 thought people

01:19:57.300 would buy

01:19:57.740 them,

01:19:58.120 this would

01:19:58.420 be the

01:19:58.680 day to

01:19:58.940 buy it.

01:19:59.680 Because it

01:20:00.100 should be

01:20:00.440 more expensive

01:20:01.060 every day

01:20:01.600 after this.

01:20:03.060 That's why

01:20:03.720 people get

01:20:04.200 in fast.

01:20:06.340 It'd be

01:20:06.940 weird if

01:20:07.420 this could

01:20:09.180 easily turn

01:20:09.780 out to be

01:20:10.780 the main

01:20:11.260 thing that

01:20:11.640 happens.

01:20:12.500 Like it

01:20:12.780 could be

01:20:13.040 bigger than

01:20:13.420 the election.

01:20:14.440 He could

01:20:14.760 actually make

01:20:15.260 a billion

01:20:15.600 dollars.

01:20:16.660 That's within

01:20:17.300 the realm

01:20:17.720 of possibility.

01:20:18.880 He could

01:20:19.140 make a

01:20:19.420 billion

01:20:19.640 dollars.

01:20:22.260 All right,

01:20:23.000 well, I

01:20:25.080 think you'd

01:20:25.560 agree it

01:20:25.920 doesn't look

01:20:26.360 like he's

01:20:26.700 running for

01:20:27.100 president,

01:20:27.560 really, does

01:20:28.080 it?

01:20:30.920 Is there

01:20:31.520 anything, do

01:20:32.500 you remember

01:20:32.900 when Trump

01:20:33.740 first got

01:20:34.200 elected in

01:20:34.720 2016, that

01:20:36.560 he and Pence

01:20:37.280 immediately went

01:20:38.080 on this

01:20:38.700 tour,

01:20:39.780 as if

01:20:40.200 they were

01:20:40.480 already in

01:20:40.840 office, like

01:20:41.580 months before

01:20:42.180 they were in

01:20:42.500 office, they

01:20:43.440 were traveling

01:20:43.940 around acting

01:20:44.760 like they were

01:20:45.260 already on the

01:20:45.840 job.

01:20:46.780 And I kept

01:20:47.280 saying how

01:20:47.800 brilliant that

01:20:48.340 was, because

01:20:49.060 that's your

01:20:49.360 first impression.

01:20:50.840 And you

01:20:52.560 don't think

01:20:53.080 that if he

01:20:53.580 were seriously

01:20:54.260 trying to get

01:20:54.940 re-elected, you

01:20:56.380 don't think he'd

01:20:56.940 be out there

01:20:57.360 every day?

01:20:58.520 Already?

01:21:00.740 You think

01:21:01.340 that announcing

01:21:02.800 the digital

01:21:03.480 greeting cards

01:21:04.220 is what he

01:21:05.240 does if he's

01:21:05.960 really running

01:21:06.460 for president?

01:21:09.820 He still

01:21:10.520 sells out

01:21:10.960 in stadiums

01:21:11.540 because he's

01:21:11.920 entertaining.

01:21:12.960 Yeah.

01:21:13.640 But wouldn't

01:21:14.620 he be selling

01:21:15.300 them out

01:21:15.680 today?

01:21:16.660 Wouldn't there

01:21:17.120 be a rally

01:21:17.600 this weekend

01:21:18.240 and the one

01:21:18.740 after?

01:21:19.560 I mean, I

01:21:19.880 think you'd

01:21:20.240 have to be

01:21:20.660 on at least

01:21:22.180 a rally a week

01:21:23.080 mode a year

01:21:25.260 before the

01:21:25.820 serious campaigning

01:21:26.880 goes on, if

01:21:28.120 you're serious.

01:21:30.640 And maybe

01:21:31.020 it'll cake

01:21:31.840 into it pretty

01:21:32.340 soon.

01:21:33.240 All right, we'll

01:21:33.680 see.

01:21:38.760 Yeah, I

01:21:39.300 think the

01:21:39.660 DeSantis

01:21:40.100 poll kicked

01:21:42.240 his butt a 0.91

01:21:42.780 little bit.

01:21:46.160 Maybe 0.02%

01:21:47.460 of people have

01:21:48.000 heard of

01:21:48.280 NFTs.

01:21:49.480 Yeah, but

01:21:50.580 that didn't

01:21:50.960 really hurt

01:21:51.360 the NFT

01:21:52.320 market.

01:21:53.100 What hurt

01:21:53.400 the NFT

01:21:53.820 market is

01:21:54.500 probably FTX

01:21:55.840 and just the

01:21:56.380 collapse of

01:21:56.940 crypto in

01:21:58.000 general.

01:22:03.680 Yeah, he

01:22:04.640 might need

01:22:05.280 the money

01:22:06.740 just for

01:22:07.180 his legal

01:22:08.320 battles.

01:22:19.060 What's the

01:22:19.680 Dilbert NFT

01:22:20.400 going for?

01:22:21.480 Good question.

01:22:22.660 Want me to

01:22:23.040 check?

01:22:25.960 I don't

01:22:26.520 have my

01:22:26.860 password with

01:22:27.420 me, so

01:22:27.820 never mind.

01:22:28.320 I don't

01:22:30.740 think anybody's

01:22:31.260 buying it.

01:22:32.420 I think

01:22:32.820 whoever owns

01:22:33.440 it is just

01:22:33.980 sitting on

01:22:34.360 it.

01:22:41.840 His

01:22:42.280 announcement

01:22:42.800 when he

01:22:43.160 said he

01:22:43.440 was running

01:22:43.780 was terrible

01:22:44.280 too, yes.

01:22:47.960 Crypto

01:22:48.480 crash coming

01:22:49.100 big time.

01:22:52.160 You can

01:22:53.000 do the

01:22:53.560 math.

01:22:55.940 Happy

01:22:56.260 IDOC.

01:22:56.720 everything's

01:22:58.400 public.

01:22:58.980 You know

01:22:59.220 how many

01:22:59.560 subscribers I

01:23:01.160 have and

01:23:01.680 you know

01:23:02.020 what you

01:23:02.360 pay for

01:23:02.680 it.

01:23:08.320 He's

01:23:08.720 being

01:23:08.920 ruthlessly

01:23:09.460 mocked on

01:23:10.040 Twitter about

01:23:10.560 it, even

01:23:10.920 on the

01:23:11.180 right.

01:23:12.600 Yeah, I'm

01:23:12.960 not surprised.

01:23:21.840 If I had

01:23:22.460 to make a

01:23:22.860 prediction,

01:23:23.780 and I

01:23:24.260 will,

01:23:24.660 the

01:23:27.660 destruction

01:23:28.340 of the

01:23:28.980 crypto

01:23:29.700 market

01:23:30.120 reminds me

01:23:30.800 of the

01:23:31.240 early

01:23:31.720 personal

01:23:32.520 computer

01:23:32.960 market.

01:23:34.200 Do you

01:23:34.340 remember

01:23:34.520 when

01:23:34.740 personal

01:23:35.100 computers

01:23:35.620 were

01:23:37.120 sort of

01:23:38.540 a big

01:23:38.820 thing,

01:23:39.620 and there

01:23:40.220 were a

01:23:40.320 whole bunch

01:23:40.640 of little

01:23:40.960 companies

01:23:41.340 that made

01:23:41.640 personal

01:23:42.020 computers?

01:23:43.480 But you

01:23:43.920 knew it

01:23:44.240 was going

01:23:44.520 to be,

01:23:45.020 you thought

01:23:45.700 it was

01:23:45.900 going to

01:23:46.060 be,

01:23:46.360 you know,

01:23:46.840 IBM and

01:23:47.700 Apple in

01:23:49.240 the end.

01:23:50.260 IBM didn't

01:23:50.980 make it to

01:23:51.360 the end.

01:23:51.700 crypto is

01:23:55.840 going to

01:23:56.060 go the

01:23:56.720 way computers

01:23:57.380 did,

01:23:58.140 which is

01:23:58.700 there's no

01:23:59.220 way crypto

01:23:59.780 goes away.

01:24:01.600 I think

01:24:02.260 there's just

01:24:02.560 no way it

01:24:03.040 goes away.

01:24:03.800 But all

01:24:04.440 the shit

01:24:05.340 coins,

01:24:05.880 so-called,

01:24:06.540 will go

01:24:06.900 away.

01:24:07.700 So all

01:24:08.080 of the

01:24:08.440 weak

01:24:08.980 competitors

01:24:09.560 will go

01:24:10.020 away.

01:24:10.260 I think

01:24:11.600 Bitcoin will

01:24:12.320 still be

01:24:12.720 standing.

01:24:14.860 Don't make

01:24:15.700 any investments

01:24:16.980 based on

01:24:18.200 anything I

01:24:18.920 say about

01:24:19.340 crypto.

01:24:19.700 It's my

01:24:20.860 weakest

01:24:21.260 category,

01:24:22.220 right?

01:24:22.980 If you

01:24:23.500 thought I

01:24:23.840 said something

01:24:24.360 smart in

01:24:24.840 some other

01:24:25.220 category,

01:24:25.920 that does

01:24:26.540 not extend

01:24:27.100 to crypto.

01:24:29.520 I'm just

01:24:30.220 treading water

01:24:30.800 with everybody

01:24:31.300 else on

01:24:31.700 crypto.

01:24:32.440 But it

01:24:32.780 does seem

01:24:33.160 to be

01:24:33.420 that the

01:24:33.780 likely thing

01:24:34.580 is it

01:24:38.060 will be

01:24:38.400 maybe too

01:24:39.440 standing in

01:24:40.140 the end.

01:24:41.140 Maybe it's

01:24:41.620 Ethereum for

01:24:43.120 its functional

01:24:44.040 purposes.

01:24:45.400 Maybe it's

01:24:45.900 Bitcoin because

01:24:46.920 it's the one

01:24:48.040 everybody knows.

01:24:48.920 I don't know.

01:24:49.700 But I think

01:24:50.500 there'll be

01:24:50.800 at least

01:24:51.180 two in

01:24:51.680 the end.

01:24:52.700 But I

01:24:53.320 don't think

01:24:53.800 that it's

01:24:55.480 going away.

01:25:00.320 Looks like

01:25:00.980 23 rates

01:25:01.980 are going to

01:25:02.480 persist in

01:25:03.160 real estate

01:25:03.720 correction.

01:25:04.600 Yeah.

01:25:05.900 Did you

01:25:06.440 find out

01:25:06.800 who Satoshi

01:25:07.400 is yet?

01:25:09.080 Well,

01:25:09.680 I didn't.

01:25:10.240 now,

01:25:16.240 you know,

01:25:16.440 it's

01:25:16.560 interesting.

01:25:17.020 So you

01:25:17.240 know that

01:25:17.720 associated

01:25:19.020 with my

01:25:19.620 startup that

01:25:20.400 is no

01:25:20.720 more,

01:25:21.420 we created

01:25:22.080 a token

01:25:22.760 called the

01:25:23.260 WEN,

01:25:23.940 W-H-E-N. 1.00

01:25:25.540 Now,

01:25:25.840 the interesting

01:25:26.300 thing about a

01:25:26.920 token is that

01:25:27.500 once you

01:25:27.880 create it,

01:25:29.080 it never

01:25:29.420 goes away.

01:25:31.040 Right?

01:25:31.380 Like,

01:25:31.760 it doesn't

01:25:32.280 wear out or

01:25:33.480 you know,

01:25:35.140 it doesn't

01:25:35.600 time out.

01:25:36.900 It's just

01:25:37.280 there forever.

01:25:38.560 So,

01:25:39.180 someday in

01:25:39.820 the future,

01:25:40.380 if anybody

01:25:40.720 wanted to

01:25:41.760 create a

01:25:42.800 business around

01:25:43.500 the WEN token,

01:25:45.000 they could go

01:25:45.600 to the one

01:25:46.400 exchange where

01:25:47.060 you buy them.

01:25:48.520 I think there's

01:25:49.060 probably one

01:25:49.520 left.

01:25:50.220 And you just

01:25:51.040 buy them all

01:25:51.660 for some,

01:25:54.040 you know,

01:25:54.380 almost nothing.

01:25:55.480 And then you

01:25:56.040 would have a

01:25:56.380 crypto.

01:25:57.460 You would,

01:25:57.980 I think Hotbit

01:25:58.780 is,

01:25:59.120 Hotbit.io is

01:25:59.920 the only place.

01:26:01.100 And if it's

01:26:02.940 still there,

01:26:03.380 I'm not even

01:26:03.800 sure if it's

01:26:04.180 still there.

01:26:07.480 No,

01:26:07.920 I didn't

01:26:08.180 finish the

01:26:08.920 Ed Kelter

01:26:10.060 interview.

01:26:15.340 Anyway.

01:26:18.120 Yeah,

01:26:18.560 the Senate

01:26:18.880 banned TikTok

01:26:20.040 on government

01:26:20.780 devices.

01:26:21.780 Now,

01:26:22.000 how in the

01:26:22.480 world can

01:26:23.720 they ban

01:26:24.120 it on

01:26:24.420 government

01:26:24.860 devices and

01:26:25.920 then not

01:26:26.660 ban it on

01:26:27.800 the public's

01:26:28.440 devices?

01:26:31.980 When was

01:26:32.780 that?

01:26:33.380 Now,

01:26:33.740 also,

01:26:34.120 the reason

01:26:34.440 that the

01:26:34.840 when is

01:26:35.880 likely to

01:26:36.780 have future

01:26:37.620 value,

01:26:38.640 do you know

01:26:38.980 why?

01:26:40.140 Do you know

01:26:40.500 why the

01:26:40.920 when crypto

01:26:42.500 that currently

01:26:43.660 has basically

01:26:44.480 no value,

01:26:45.500 do you know

01:26:45.880 why I think

01:26:46.340 it will have

01:26:46.780 a value in

01:26:47.280 the future?

01:26:48.900 Because of

01:26:49.480 the name.

01:26:50.680 The name.

01:26:52.620 Someday,

01:26:53.260 somewhere,

01:26:54.180 for some

01:26:55.300 function,

01:26:56.760 somebody is

01:26:57.360 going to need

01:26:57.740 a token

01:26:58.200 token that

01:27:00.340 says something

01:27:01.640 about time.

01:27:02.860 Because somebody

01:27:03.440 is going to

01:27:03.780 build a

01:27:04.560 company or

01:27:05.320 an app that

01:27:06.900 they have a

01:27:08.140 time-related

01:27:08.940 element to

01:27:09.620 it, and

01:27:10.400 they're going

01:27:10.680 to say,

01:27:11.200 why would

01:27:11.740 we invent

01:27:13.000 a token

01:27:13.480 when the

01:27:14.840 when is

01:27:15.260 almost free?

01:27:16.800 We'll just

01:27:17.320 grab it and

01:27:18.640 incorporate it.

01:27:19.900 So, if you

01:27:20.820 want one that

01:27:21.300 has a perfect

01:27:21.800 name and is

01:27:22.320 already created

01:27:23.080 and you don't

01:27:23.580 have to worry

01:27:23.980 about it being

01:27:24.440 wrong, because

01:27:25.800 it's already

01:27:26.180 there, somebody

01:27:27.760 can just adopt

01:27:28.500 it, put it

01:27:29.060 in their own

01:27:29.420 company, and

01:27:30.360 then, you

01:27:31.220 know, whatever

01:27:31.580 few shares I

01:27:32.520 have might

01:27:33.160 have some

01:27:33.620 tiny value.

01:27:37.380 It's

01:27:37.780 W-H-E-N. 1.00

01:27:42.860 Yeah,

01:27:43.740 W-H-E-N. 1.00

01:27:45.900 All right,

01:27:46.500 that's all for

01:27:46.920 now.

01:27:47.160 I'm going to

01:27:47.420 go do something

01:27:47.820 else.

01:27:48.420 I'll talk to

01:27:48.920 you tomorrow.

01:27:51.360 Bye, YouTube.

01:27:54.440 Bye.

Real Coffee with Scott Adams - December 15, 2022

Episode 1958 Scott Adams： The News Is Full Of Fakeness And Bad Opinions. Let's Have A Laugh

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