In this episode of the podcast, Alex talks about a study that suggests that mental illness can be spread through social media. Plus, we find out what's really going on with Trump's tax returns. And we learn that he has a bank account in China.
00:01:34.380I'm talking about somebody has a specific mental illness and then they make a bunch of TikTok videos because TikTok is what they looked at.
00:01:44.960And then other people who watch the person who has the mental illness come to believe they have it, too.
00:01:51.500And then they adopt it as their identity.
00:01:53.960They don't just have a medical problem, but they are that person.
00:01:59.300And apparently Tourette's is one of them.
00:02:02.000That people are watching influencers with Tourette's and their parents have to take them to the doctor because they act like they have Tourette's.
00:02:48.620There are a number of videos, you can see them on social media, where if the owner gets a limp, you know, they hurt their foot and they're limping, the dog will adopt the limp as long as the person has it.
00:08:15.780Here's your financial tip for the day.
00:08:19.580You're going to see lots of articles discussing Trump's taxes and the losses that he's had from 2015 through 2020.
00:08:29.400Apparently, he had tens of millions of losses each of those years on paper.
00:08:33.580If you hear anybody discuss it or writing about it, and they do not mention also, in addition to that, what his cash flow is, you should never listen to that person again.
00:08:50.340Because here's like basic financial information.
00:08:53.140If you have a real estate-related empire, the laws are crafted so there's lots of stuff you could write off so that on paper you might look like you have losses, but you're still making money in the sense that there's more cash coming in than going out.
00:09:10.980Now, when Warren Buffett buys a company, does he look at the income statement, the way the reporters are, to find out if it's a good company?
00:09:24.620Nope, he doesn't look at the income statement.
00:09:27.080So Warren Buffett, he looks at both, but he's primarily interested in the cash flow.
00:09:33.720So the best investor in the world buys companies because they have good cash flow, even if on paper they've written off enough artificial stuff like depreciation, etc.
00:09:49.960Just hold it in your head that all these people are talking about his tax returns, and so far, so far, not one person has mentioned cash flow.
00:19:36.480Only Ray Epps is innocent until proven guilty.
00:19:39.300So, I declare Ray Epps, under the Constitution of the United States, totally innocent, just like the Tates are totally innocent, but in a different country, until proven guilty.
00:23:17.840Now, again, if your government gave you a different explanation, well, then I would weigh that and say, okay, I don't know one way or another, but they've explained it, and that is their obligation.
00:23:29.820So I would be tentatively supportive if they had a reason that passed the sniff test.
00:23:42.020If they don't give you a reason, you have to assume corruption, because that's the default.
00:23:50.520Remember, the government is guilty unless they're transparent.
00:23:54.160So if you suspect that corruption is the problem, and they don't do anything to, you know, talk you out of it, that has to be your working hypothesis.
00:24:06.180As a practical matter, the government has said that they're too corrupt to deal with it by their actions.
00:24:12.960I'm not blaming any specific person, but it's obvious that corruption is the problem.
00:24:18.760Because there is no other offered explanation.
00:24:52.820Is there any explanation other than corruption?
00:24:57.660If they have one, I invite them to give it to me and I will weigh it.
00:25:01.780So, for example, if they said, yeah, I know what you're saying, but then China would retaliate, I might say, hmm, I don't know, that might be a good reason or not.
00:28:49.400So, by all means, accept that version of the story.
00:28:53.380If you'd like to know technically what actually happened, he had misinterpreted my comment to be about left and right when it was closer to the opposite, meaning that, as I explained to him.
00:29:08.140My entire point was that the left has a number of hoaxes, like the drinking bleach hoax, but hoaxes are not limited to one side, and that the right has their own hoaxes, and the belief that Bill Gates wants to depopulate the earth is at the top of the list of an obvious, well, I call it obvious hoax.
00:29:34.200Anyway, once I clarified it on Twitter, then Musk confirmed, in his opinion, that the WEF was not an Illuminati trying to do any of these bad things.
00:29:48.060In other words, completely agreed with me, and that what you see is just the bubbling up of lots of individuals doing individual things.
00:29:58.480Now, and they said the reason he didn't go to Davos is they thought it would be boring.
00:30:04.200That's the only reason he turned down the invitation.
00:30:08.900So, the real story is that Elon Musk completely agreed with me that there's nobody who has power who is trying to depopulate the earth.
00:30:21.580Now, but he did say that it's a widespread opinion, that there are lots of people, environmentalists and stuff, who do want fewer people on the planet.
00:30:31.580But that was not my point, although I think I was a little unclear, so that's on me.
00:30:37.940But my point was that nobody in power has that opinion, which I thought I said directly, but then I reread it, and I left a little wiggle room in the way I wrote it.
00:30:47.660So, do you think, how many of you believe there's a video of Bill Gates at a TED Talk in which he said he wants to reduce the population of earth by 10 to 20% because of climate change?
00:31:11.400How many of you believe that actually exists?
00:31:16.960Because somebody sent it to me today and said, here it is.
00:31:21.420And then I watched the video, and what do you think I saw when I watched the video?
00:31:28.300This entire thing is because people can't tell the difference between reducing the rate of growth, a good thing, versus reducing the number of people, a very, very bad thing.
00:31:42.980So, it's only reading comprehension, or in this case, listening comprehension.
00:31:48.740And here's how you should have known that nobody meant to decrease the number of people on the planet.
00:31:58.300Nobody would say that, like, directly.
00:32:03.260And even the people you think are saying it, because Alex Epstein sent me a list of people who are influential thought leaders, who, he says, do, in fact, think there are too many people.
00:32:15.680And so, I read their quotes, and it's true.
00:32:18.940There are all these influential environmentalist names you've even heard.
00:32:22.500So, they're influential enough that you've actually heard their names.
00:32:25.000Who are saying directly, Earth can't sustain this many people.
00:32:29.120So, that means they want to decrease the number of people, right?
00:32:36.920Now, I'm not saying they don't believe it, but the examples given were, for example, Michael Mann had a quote sometime that he thought we were already beyond the carrying capacity of the Earth.
00:32:49.620But he didn't say, therefore, reduce the number of people.
00:33:16.140So, the first thing you need to know is that anybody who says there are too many people, that's not the same as saying I want to reduce the number of them.
00:34:09.760So, and then I got into this weird conversation with this user RogerThat on Twitter, where he sends me the video of Bill Gates very clearly talking about reducing the growth of population.
00:35:14.660So here are some of the environmentalists, the thought leaders who are pushing the idea that there are too many people, which is close to, it's close to wanting to reduce the population.
00:38:25.840Mostly the government is feeding us and keeping us alive and educating us.
00:38:30.900I mean, maybe poorly, but, you know, 99% of everything the government does is to keep you alive.
00:38:37.520If 1% of those things are about managing growth rate, that's really far away from saying there's a pattern of reducing the number of people.
00:40:22.160If I wanted to make money, all I'd have to do is listen to what Ben Shapiro says, and then listen to any other smart Republican, and wherever they both agree, I would just say those things.
00:40:37.680Because, you know, if Ben Shapiro agrees with it, and, you know, at least one other Republican, I'm just randomly picking people who are smart, right?
00:41:18.720I'm trying to create a small army of critical thinkers who are a level above the public.
00:41:29.400Because if I can create enough of you, then you will also teach other people, and maybe we're better at sorting out what's real and what's not.
00:41:41.400And the WEF thing is the most important one, probably, on the right, because the right needs to understand that they're also suffering from hoaxes of their own.
00:41:52.340They're not just being hoaxed by the other side.
00:41:59.960So there's a level of awareness thing.
00:42:04.080If your level of awareness is my team is right, and here are all my reasons, and the other team is wrong, you're not at a high enough level of awareness.
00:42:15.460I need to get you up to a level where you realize both sides get easily hoaxed, including me.
00:42:22.460You know, you've seen me hoaxed in real time, have you not?
00:51:57.400They're pretending to be a news literacy organization, and it's literally a brainwashing organization.
00:52:04.320Do you think that they would tell you if you check CNN, and it was on CNN, do you think this lesson for children would say, oh, that's not a credible source?
00:52:18.140Or would they say, oh, that's a credible news organization?
01:01:35.280Like every time I saw a book that was like how to get rich or be more effective, I would read it.
01:01:41.340And usually it doesn't take long, because you can glean the big picture fairly quickly.
01:01:46.600You can read it from newspaper articles and stuff.
01:01:48.920So as a life experience, the most satisfying and useful thing you could ever do is to not think of yourself as a seeker, but to become one.
01:02:38.440I'm not totally sold on rich dad, poor dad, because the author is hawking silver.
01:02:49.680Remember what I told you about how topics bleed over into other topics?
01:02:55.100Because I don't think it's ethical to sell gold or silver, to be a promoter of them, because they're not really predictable assets.
01:03:03.600I wouldn't mind if he promoted the index fund.
01:03:08.740Index fund is just good hygiene for your investments.
01:03:14.020But commodities, even if it turns out to be right, even if it turns out to be right, that's a credibility hit, because he's accepting money to do the commercials.
01:03:27.480So that puts you in a different category of credibility.
01:03:32.480So I wouldn't put that one on my list.
01:03:34.500However, a lot of people have read it and said they got good stuff out of it, so use your own judgment.