Real Coffee with Scott Adams - Episode 2046 Scott Adams： Banking Prediction, Incompetence, TikTok, Dilbert Reborn Launches Today

00:00:00.000 Good morning, everybody, and welcome to the decline of civilization.

00:00:04.620 Apparently, everything's falling apart, but we'll put it back together again.

00:00:08.680 Your mental state will be so much better when I'm done with you today.

00:00:13.040 I know it's sort of a disturbing day, but we'll make it better.

00:00:15.980 That's what we do.

00:00:17.180 And if you'd like to make it better, all you need is a cup or a mug or a glass or a tank or a chalice or a stein, a canteen, jug or a flask, a vessel of any kind.

00:00:24.940 Fill it with your favorite liquid.

00:00:27.580 I like coffee.

00:00:28.440 And join me now for the unparalleled pleasure, the dopamine hit of the day, the thing that makes everything better, including the banking system.

00:00:36.300 You don't believe me?

00:00:37.460 Watch this.

00:00:38.100 We're going to take a sip, and everything will be better.

00:00:40.920 Go.

00:00:45.720 Yeah.

00:00:46.620 Yeah.

00:00:48.360 Can you feel it?

00:00:49.420 I feel like deposits just went up.

00:00:52.260 Uh-huh.

00:00:53.060 And quality, credit quality improved a little bit.

00:00:56.420 It might not show up in the data, but I could feel it. 0.98

00:01:01.680 And my lived experience is far more important than your damn data, that's for sure. 0.91

00:01:06.740 Well, let's talk about the most important thing that's happening today. 0.97

00:01:10.680 If you've seen the news, you know that the Academy Awards happened last night.

00:01:14.540 Yeah, we'll talk about that banking thing, too.

00:01:18.440 We'll talk about the banking thing.

00:01:20.540 Got to do that, sure.

00:01:22.600 But the most important thing was that there was a huge award show for people who made movies.

00:01:30.220 Now, I was not aware of this, but did you know that there had been any movies made recently?

00:01:35.960 Did you know that?

00:01:36.960 They're still making movies?

00:01:37.840 Has anybody watched a movie in the past year?

00:01:43.680 I mean, I remember Top Gun, but that's the only one I watched.

00:01:48.860 I didn't watch anything else this year.

00:01:50.860 I can't even name one.

00:01:52.920 I mean, I've heard some names.

00:01:54.300 Oh, there's some Avatar 2 or something.

00:01:56.280 Well, how about that?

00:01:58.560 But the important thing is that people of color won a lot of awards.

00:02:02.220 And that is far more important than any other theme.

00:02:05.840 And my favorite is that...

00:02:08.740 Actually, my favorite actress in the entire planet won, I guess, the big Academy Award for Best Actress, Michelle Yeoh.

00:02:17.520 Am I the only one who has her way before she won this? 0.98

00:02:23.720 She has always been my number one favorite actress in the entire planet.

00:02:27.580 I just love anything she does.

00:02:31.140 She's just so good.

00:02:33.240 I'll watch anything she's in.

00:02:35.280 As soon as I hear she's in, it's like, all right, I'm in.

00:02:37.540 I'll watch that.

00:02:38.580 So I'm pretty happy that my favorite actress in the entire planet won.

00:02:44.880 So that's good.

00:02:45.640 And then what does the press do to reduce, totally reduce her accomplishment? 0.98

00:02:53.220 They report that she is the first person who openly identifies as Asian to win.

00:03:03.480 She's the first one to openly identify as Asian to win.

00:03:10.260 Could there be anything more demeaning to her accomplishment?

00:03:15.640 She literally just ran the table of every actress on the planet Earth, right? 0.99

00:03:23.380 I mean, given that Hollywood is a global thing.

00:03:27.480 I mean, she just won against all the other actresses on the planet Earth. 0.99

00:03:32.780 And what do we say about her?

00:03:34.580 Oh, she's the second Asian. 1.00

00:03:36.660 I mean, the first one didn't openly identify, because in those days you couldn't.

00:03:41.300 But she's the first to openly identify, like, that's the headline?

00:03:46.040 Seriously, that's the headline.

00:03:47.340 I mean, to me, I would just be pissed.

00:03:53.500 If I won the greatest award you could win in my craft, and all they reported was my ethnicity, like, that's the lead, I would be pissed.

00:04:06.360 How about she was just the best one?

00:04:08.840 How about that?

00:04:09.820 How about she was just the best one?

00:04:11.100 How about she was just the best one?

00:04:12.960 Crazy. 0.75

00:04:14.040 All right.

00:04:15.200 Well, today, as I've been telling you, is the first day of the Dilbert Reborn series.

00:04:22.080 We'll get to banking next.

00:04:23.780 So Dilbert, as you know, got cancelled in the polite world.

00:04:27.760 And disgraced artist Scott Adams, that's what I call myself now.

00:04:32.620 My new name for myself is disgraced cartoonist Scott Adams.

00:04:36.100 So disgraced cartoonist Scott Adams, me, has moved to the Locals platform.

00:04:44.780 It's the only place you'll be able to see Dilbert, the new ones.

00:04:47.580 But the new ones will be called Dilbert Reborn, and it will continue daily, as it always did.

00:04:53.200 I'll just be self-publishing, self-syndicating through the Locals platform.

00:04:57.620 And if you went to Dilbert.com today, where it has always been running until now, you'll

00:05:05.620 see a redirect to the Locals platform.

00:05:09.460 So just go to Dilbert.com and click the Locals button for, well, it'll say Dilbert Reborn.

00:05:16.380 Just follow that.

00:05:17.300 If you want to sign up, it's a subscription service.

00:05:20.020 Now, I was worried a little bit that something might go wrong, because I had two points of

00:05:26.060 possible going wrong.

00:05:28.560 One was that the Dilbert.com site wouldn't show the redirect, because we weren't sure

00:05:34.420 that technically what we did would work on the first try.

00:05:37.780 And then I was worried that there might be too much traffic, or there'd be a problem on

00:05:41.140 the receiving side if the Locals platform got overwhelmed.

00:05:44.420 But, I'm happy to say, we did not have a problem with one of those systems.

00:05:51.680 Both of them didn't work.

00:05:54.060 So Dilbert.com was not redirecting anywhere when I woke up, and the local system was not

00:06:00.160 taking new subscribers.

00:06:02.600 So the most important day of my life went completely wrong.

00:06:07.040 So nobody actually signed up for a little while.

00:06:09.360 But it looks like it's fixed.

00:06:10.660 So when people woke up, it was the waking up part that I had to wait for.

00:06:16.280 When people woke up on both sides, quickly fixed.

00:06:20.260 So now we've got both sides working, and everything's back online.

00:06:26.640 But I want to talk about a larger theme when we get to it.

00:06:31.280 Let's talk about Silicon Valley Bank.

00:06:33.840 The first question you want to know, since I'm going to be talking about this bank, is,

00:06:38.780 Scott, how much money did you have in that bank, Silicon Valley Bank?

00:06:43.640 And I would like to give you one definitive answer to that question.

00:06:48.540 I'm not the guy who puts any money in the 19th largest bank.

00:06:55.380 Any questions?

00:06:56.200 I have a degree in economics, an MBA, and I worked in banking for years.

00:07:05.640 I'm not going to put my money in the 19th biggest bank.

00:07:09.900 I'm sorry.

00:07:11.600 That was a mistake.

00:07:13.620 Every person who put their money in the 19th biggest bank in today's environment,

00:07:19.100 they were taking on a little bit of a risk.

00:07:21.640 Seems to me.

00:07:22.460 Now, it looks like the depositors will be made whole, and I'm happy about that, actually.

00:07:27.300 I think that was the right decision.

00:07:29.340 But no, I did not have any money in the 19th largest bank.

00:07:33.480 So you might ask yourself, who would?

00:07:35.640 Who would?

00:07:36.660 But part of the business model of that bank was, I think, they would offer, I don't know,

00:07:42.080 discounts on your mortgage if you had your business there and also your personal there.

00:07:46.860 And sometimes the venture capitalists would recommend it because it was some kind of collective benefit

00:07:55.560 from having all your business in one place.

00:07:58.820 So it was a combination of unique, special benefits that that one bank in that one situation had

00:08:05.160 and not something that is common.

00:08:07.600 But what is common, if I take the approach that apparently the...

00:08:16.280 So here's one take on it.

00:08:19.560 So a number of people have different filters on this or frames.

00:08:23.660 So each of these are true, but they're not the whole story.

00:08:27.400 So one of the frames that's true, but not part of the whole story, is that the Fed tried

00:08:36.080 to convince people that interest rates were transitory or inflation was transitory and

00:08:41.680 that inflation would be, you know, fine once we got past the transitory part.

00:08:47.340 Now, if you believe that and you thought, oh, okay, then you'd probably think interest rates

00:08:53.140 wouldn't go up that much.

00:08:54.180 And then you would make a huge purchase of fixed-rate government instruments that paid

00:09:01.320 a very little interest, but that's all you needed at the time.

00:09:06.320 The only thing that would get you in trouble is if the rest of the world raised its interest

00:09:10.740 rates while you were locked in at this tiny, tiny little one-point-something rate.

00:09:15.760 And then you'd be underwater.

00:09:17.800 So that's what happened.

00:09:19.420 But there is some notion that there might be a lot of other banks that did the same thing.

00:09:24.180 That doesn't mean everything else about the other banks is similar, so they might not

00:09:28.360 have the same structural problems in terms of how many, what percentage of their deposits

00:09:35.260 are, you know, over $250,000 and therefore uninsured, that sort of thing.

00:09:39.960 So there are all kinds of other differences.

00:09:41.920 But there is a general problem that there might be a bunch of banks that locked into low-interest

00:09:46.820 rate stuff because they believe the Fed.

00:09:50.200 So apparently listening to Janet Yellen would crush your bank if you just believed what

00:09:57.580 she said.

00:09:59.180 Now, I think that's just one frame.

00:10:01.680 I don't think that's the one I would prefer.

00:10:05.340 You know, I don't think that's the window I'm going to be looking through exactly.

00:10:08.000 To me, it looks like a combination of complexity, meaning there was something about their bank

00:10:15.580 that was different than others and there were other dynamics.

00:10:18.260 There was, you know, the general flow of capital, et cetera.

00:10:22.880 But also there seemed to be some incompetence.

00:10:26.160 Would you agree?

00:10:29.440 It seems to be the, there is an incompetence problem.

00:10:33.180 And have you noticed that there's a general incompetence problem just everywhere?

00:10:39.960 Have you tried to get customer service help since the pandemic?

00:10:45.480 Something changed.

00:10:47.400 Something changed.

00:10:49.020 You know, before the pandemic, you know, we always complained about customer service.

00:10:53.460 But at least the person on the other end knew their job.

00:10:57.460 You know, you just complain about one thing or another.

00:11:00.320 But now it's really different.

00:11:01.820 If you get customer service, they don't even know their jobs.

00:11:05.560 They don't even know the basics, the most, you know, top five things that you do in that job.

00:11:10.560 The competence level is just crazy now.

00:11:14.180 And I think there's a reason.

00:11:18.580 And it looks like this.

00:11:22.240 Here is a controversial, it looks like a bell curve, but I'm going to call it,

00:11:27.140 I'm going to call it competence.

00:11:28.920 Don't get caught up on IQ.

00:11:30.180 Competence is whether you can do the thing that's your job, right?

00:11:34.260 So it's not about how smart you are.

00:11:37.140 It's whether you have all the capability to do your job, right?

00:11:40.380 You don't need to be a rocket scientist.

00:11:42.320 You just need to be capable in your job.

00:11:45.860 And I would say that for most of history, you had some people who basically couldn't do anything.

00:11:51.340 They were just the lowest capability for whatever reason.

00:11:54.280 They might be not as smart.

00:11:55.600 They might be on drugs.

00:11:57.380 For whatever reason, they just were not capable.

00:12:00.540 Maybe mental insanity.

00:12:03.420 And most people were in this, you know, big, normal phase.

00:12:07.280 Like everybody could sort of do their own job.

00:12:10.000 Everybody could figure out how to get a mortgage if they needed it.

00:12:13.400 You know, you could figure out the basics of life.

00:12:15.900 How to buy a car.

00:12:17.500 You know, everybody could get that stuff.

00:12:18.940 And then there were some freaks who were doing things that none of us can do.

00:12:21.960 Right? 0.99

00:12:22.780 They're doing quantum physics and shit. 0.95

00:12:25.720 So they could do everything. 0.94

00:12:27.320 But there aren't many of them.

00:12:29.180 Here's what's changed.

00:12:32.540 Of course, technology has spread the number of people who are incompetent.

00:12:39.460 Because it's just harder to do stuff now.

00:12:41.920 Would you agree?

00:12:43.080 When I go to sign into an app, do you know what I used to do?

00:12:48.500 Here's what I used to do.

00:12:50.180 Password.

00:12:50.620 Password username.

00:12:53.200 Good.

00:12:54.400 Now if I sign into an app, it's more like cracking it.

00:12:58.360 Like I'm more like a safe cracker.

00:12:59.800 I'm like, hmm.

00:13:01.860 We'll try the password first.

00:13:04.200 All right.

00:13:04.540 All right.

00:13:04.840 Password.

00:13:06.040 Password.

00:13:06.920 Okay.

00:13:07.520 It's requiring authentication.

00:13:09.500 It requires me to download an authenticator app.

00:13:12.300 Okay.

00:13:13.280 But my authenticator app I had is out of date.

00:13:17.800 So it's not working.

00:13:19.020 But damn it, I've got two things that are apps that are called authenticator.

00:13:23.280 I can't remember, did I use the old authenticator or the new one? 0.96

00:13:26.300 Have I updated the authenticator?

00:13:28.000 So then I use it, but for some reason the authenticator number isn't working.

00:13:32.160 And then I try the other authenticator, but that seems to be the wrong app.

00:13:35.220 So I go back and I try it again and I try it again and I try it again.

00:13:38.160 And on the fourth try, it works.

00:13:40.500 That's just opening an app.

00:13:46.880 Just opening an app.

00:13:50.040 It's like I have to plan the afternoon.

00:13:53.480 You know, if somebody says to me, hey, Scott, can you check something on, let's say, your payroll system or something like that?

00:14:00.080 Do you know what I first think?

00:14:01.140 Oh, how in the world will I find enough time to hack into that account?

00:14:08.800 Hack into it.

00:14:09.920 That's actually what I call it now.

00:14:11.780 I don't call it signing up.

00:14:13.400 I don't call it signing in.

00:14:14.920 I call it hacking it.

00:14:16.720 Because you've got to be, you're on Google figuring out what other people have done.

00:14:20.300 But of course, Google is just full of helpful advice for many choices that you don't have, right?

00:14:28.360 So anyway, just the pace of technology makes everything more complicated.

00:14:35.480 So you figure that there are just fewer and fewer people who can do the basics of life.

00:14:40.040 And then because there are more apps and there are more possibilities, there are just more possibilities in life, right?

00:14:46.560 Right now, if I said to you, hey, send me some money, in the old days, you'd say, all right, I'll write a check and put it in this envelope.

00:14:55.440 But now I'm like, okay, do I use Venmo?

00:14:58.080 No, Venmo's got a limit on it, but it's connected to the wrong account.

00:15:01.940 But I can use Google Pay or I can use Zelle.

00:15:05.040 What is Zelle anyway?

00:15:06.600 Remind me what Zelle is. 1.00

00:15:07.860 I know what it is.

00:15:08.500 I'm just pretending.

00:15:09.960 And now you're like, okay, should I just send Bitcoin?

00:15:13.280 And what's happening with my Coinbase?

00:15:15.360 And everything is just insane now.

00:15:18.480 The level of complexity to do this simplest frickin' thing is just through the roof.

00:15:24.280 So some of it is just we've got new and better stuff.

00:15:28.020 It's not so much that it's a technology problem.

00:15:30.960 It's just more stuff.

00:15:33.260 So everything you do is just more.

00:15:36.060 More regulations.

00:15:38.100 More rules.

00:15:39.640 More security problems.

00:15:41.200 More updates.

00:15:42.700 More patches.

00:15:43.340 Everything's more.

00:15:46.320 So suddenly the number of people who can just sort of survive in the world is just way less.

00:15:52.600 Way less.

00:15:53.780 But what happens if you're a business and you have to layer on something like ESG?

00:16:02.420 So now you're not looking at just profits.

00:16:09.540 You're not looking at just profits.

00:16:11.400 You've got to reduce your carbon footprint.

00:16:14.300 You've got to increase your diversity.

00:16:16.640 At the same time, you're working on profits.

00:16:19.160 Do you think those will always be compatible?

00:16:22.880 They can be.

00:16:25.060 Ideally, yes.

00:16:26.260 In a perfect world, yes.

00:16:27.680 They could all be compatible.

00:16:28.680 In the real world, do you think they are?

00:16:32.360 In the real world, they could be compatible, but it causes extra complexity.

00:16:39.040 Oh, I found somebody who would be perfect for this job.

00:16:42.280 Are they?

00:16:43.340 Are they perfect?

00:16:44.300 Or maybe if you hire that perfect person, you might be working against your ESG goals, right?

00:16:52.780 So which is more important?

00:16:54.580 Do you need your diversity or this person had just the right experience?

00:16:59.100 Well, now it's a little complicated.

00:17:00.600 And if you do that, is it going to increase or decrease your carbon footprint?

00:17:05.300 I don't know.

00:17:06.500 So as soon as you add all the extra complexities, in theory, your average company should become far less capable,

00:17:16.440 not because they're hiring minorities.

00:17:19.620 That's not what I'm saying.

00:17:20.380 I'm saying that when you add a whole new set of requirements, be they government requirements

00:17:26.300 or be they World Economic Forum recommendations, it doesn't matter where it comes from.

00:17:32.680 You can make it up yourself.

00:17:34.140 But if you add a whole layer of other priorities to fight with your current priorities,

00:17:40.300 you should expect far less capability, right?

00:17:44.940 Now, that doesn't mean that's what's – I'm not suggesting that's what happened to the Silicon Valley Bank.

00:17:51.280 You know, that's sort of a right-leaning – I would say that's more of a political attack.

00:17:57.900 But take the politics out of it.

00:18:01.500 You cannot argue with the fact that as soon as you add goals on top of your existing goals,

00:18:07.360 that you have a new level of complexity that will paralyze people who are not that smart.

00:18:12.640 Now, if you're really smart, does any of this matter?

00:18:17.520 Well, if you're really, really capable, you could probably make all of it work.

00:18:23.320 You probably could.

00:18:24.560 Somebody like Google, for example.

00:18:26.860 You have Apple, highly capable companies.

00:18:30.080 They can get the best engineers of every demographic group.

00:18:34.800 People want to work there.

00:18:36.020 Yeah, yeah, if you work at Apple, you could probably manage all of this complexity.

00:18:40.520 But not everybody can.

00:18:44.660 So, in my opinion – and then you imagine that you've got the Biden administration,

00:18:52.380 which is adding another burden on business.

00:18:58.020 So, remember – did you see Kevin O'Leary talking about some states are uninvestable?

00:19:03.840 Do you remember there was an interview in which he said – he said on CNN, and they didn't like it at all –

00:19:15.760 he said, I've got to tell you – I'm paraphrasing –

00:19:18.300 but New York and California and Massachusetts are uninvestable.

00:19:24.580 Uninvestable.

00:19:25.900 He will not open a business there because the business climate,

00:19:29.080 because of Democrat policies, basically,

00:19:32.680 makes the taxes too high and the regulations impossible,

00:19:35.940 and it doesn't make sense.

00:19:37.520 There are actually states in the United States you can't invest in

00:19:40.920 if you're paying attention.

00:19:43.700 Amazing.

00:19:45.260 Like, how did we get there?

00:19:46.780 Now, I'm sure that that's, you know, the regulations.

00:19:52.800 Regulations, taxes.

00:19:54.000 So, what it feels like is, when I watch these shows,

00:20:04.940 I watch these old shows about how the pyramids were built,

00:20:08.580 and nobody can figure it out,

00:20:10.420 because the current residents of Egypt definitely do not know

00:20:14.140 how to build a pyramid without using modern tools.

00:20:17.840 And so, I think to myself,

00:20:19.600 how was it that a society once knew how to do something impressive,

00:20:23.140 and then they lost that ability?

00:20:27.780 Isn't that weird?

00:20:29.440 But then I see us doing it. 1.00

00:20:31.660 Like, it feels like we're moving toward absolute stupidity. 1.00

00:20:35.420 Like, we won't be able to do normal things. 1.00

00:20:38.560 Like, we're losing the ability to do normal things.

00:20:41.920 The complexity is just crazy.

00:20:45.140 Yes.

00:20:46.240 All right, well, more about Silicon Valley Bank.

00:20:48.020 Like, so, it immediately broke out along political lines.

00:20:54.100 People who wanted to establish their conservative credentials said,

00:20:58.080 don't save that bank full of left-leaning Democrats

00:21:01.700 and a bunch of rich people and VCs,

00:21:04.760 and what about middle America, and don't save them.

00:21:09.260 And then other people said, but wait a minute.

00:21:12.200 It's not about politics.

00:21:13.460 It's not so much about politics this time.

00:21:17.400 Hold on.

00:21:18.340 Hold on.

00:21:19.240 Let's take the politics out and see what it looks like.

00:21:22.160 Now, if you take the politics out, some would say, right,

00:21:25.440 I'll round out the opinions,

00:21:27.880 so if I'm leaving one out, just wait for it.

00:21:30.780 So, some would say, no, no, it's more about

00:21:32.640 if people see this one bank fail,

00:21:35.680 it might cause a run on the other banks.

00:21:37.640 So, it's really not even about this bank.

00:21:39.620 If you're focusing on what's happening on this bank,

00:21:42.840 you're missing the bigger picture.

00:21:45.600 But then other people say, who's telling us that?

00:21:49.380 The people who have deposits in that bank?

00:21:52.920 Seems like a coincidence that the people you would imagine

00:21:56.500 are most likely to have money in that bank

00:21:58.540 are also in favor of saving it.

00:22:01.840 Huh.

00:22:02.660 Venture capitalists.

00:22:03.560 So, you have to watch out for, you know, self-interest, right?

00:22:10.860 Which is why I start by saying

00:22:12.380 I did not have any money in that bank,

00:22:14.060 so at least that part of my bias will not show.

00:22:17.680 And, yeah.

00:22:20.400 So, here's, yeah, Bill Ackman, I think,

00:22:23.020 was more of a system focus.

00:22:26.700 Let's save the system.

00:22:28.200 Now, it appears, and I predicted,

00:22:30.540 do you remember I predicted over the weekend

00:22:33.680 that the most likely outcome

00:22:35.920 is that because the government could stop a run on banks

00:22:39.680 just by saying,

00:22:40.840 we'll guarantee you whatever we need to guarantee,

00:22:43.300 and they needed to,

00:22:45.240 and they could,

00:22:47.000 that it would happen.

00:22:48.260 And here we are.

00:22:49.240 So, they could do it,

00:22:50.760 they needed to do it,

00:22:52.420 and then they did it.

00:22:53.900 So, it wasn't my hardest prediction,

00:22:56.800 but I suppose it could have gone the other way.

00:22:58.300 So, some are calling it a bailout,

00:23:01.540 and others are saying it is not.

00:23:04.360 Now, the argument that it's not a bailout

00:23:06.680 says that the bondholders and the investors

00:23:09.720 in the bank lost everything,

00:23:11.440 and that's not going to be,

00:23:12.840 there's no compensation for that.

00:23:15.040 So, it's not a bailout of the people

00:23:17.780 who made the mistakes.

00:23:19.440 That's important, right?

00:23:20.760 The people who made the mistakes are wiped out.

00:23:23.200 The people who were innocent customers

00:23:26.060 will be made whole,

00:23:28.880 even though you could argue

00:23:30.400 they should have known better,

00:23:31.820 blah, blah, blah, blah, blah.

00:23:32.780 But you know what my argument is

00:23:34.300 against should have known better?

00:23:37.120 Well, maybe they should have known

00:23:38.680 that the regulators were watching the banks.

00:23:41.840 This was a government failure,

00:23:43.700 in my opinion.

00:23:45.480 To me, they looked under-regulated,

00:23:47.340 wouldn't you say?

00:23:48.640 It looked under-regulated.

00:23:49.200 Because somebody should have seen this

00:23:51.580 coming from a mile away. 1.00

00:23:53.400 So, the government fucked up, 1.00

00:23:55.500 and they're paying for it. 1.00

00:23:57.280 I'm okay with that.

00:23:58.760 The government messed up,

00:24:02.200 and now the government is saying,

00:24:04.400 we'll at least guarantee it.

00:24:05.780 Now, remember, guaranteeing it

00:24:07.020 doesn't mean they pay anything.

00:24:09.240 Guaranteeing, if you guarantee it,

00:24:11.020 it means you won't pay anything,

00:24:12.720 because there won't be a run on the banks,

00:24:15.260 the general banks.

00:24:16.040 Now, if the real problem

00:24:19.200 is not just that this specific bank

00:24:22.760 had the unique special circumstances,

00:24:25.260 which they did,

00:24:27.200 then we'll see if it spreads anywhere else.

00:24:29.400 But in my opinion,

00:24:30.420 the government going in strong

00:24:32.140 and guaranteeing at least

00:24:34.400 that the depositors will be made whole

00:24:36.380 was exactly the right decision.

00:24:39.980 Now, does that mean that I agree

00:24:41.940 with government intervention?

00:24:43.660 No.

00:24:44.820 I believe the proper role

00:24:46.180 of the government

00:24:46.740 is the country's insurance policy.

00:24:50.840 I've always thought of the government that way.

00:24:52.500 The government's your insurance policy.

00:24:55.280 If you have to use it,

00:24:56.400 you have to use it.

00:24:57.460 But you don't want to.

00:24:59.800 Your first choice

00:25:01.420 is that the government

00:25:02.620 has nothing to do with your life at all,

00:25:05.400 at least negative.

00:25:07.140 And then,

00:25:08.800 if something bigger than you happens,

00:25:11.100 then they can come in

00:25:12.100 like an insurance policy.

00:25:14.280 Now, that's just my view of it.

00:25:15.740 I'm not selling that view to anybody else.

00:25:17.920 But my personal view

00:25:18.840 is that government

00:25:20.440 as insurance policy

00:25:21.700 is not a bad idea.

00:25:23.680 Not a bad idea.

00:25:26.400 So, we certainly want them

00:25:27.860 when there's a natural disaster, right?

00:25:31.040 So, what's the difference?

00:25:32.440 If there's a natural disaster,

00:25:34.100 we say,

00:25:35.100 send that government in

00:25:36.060 and go fix that. 0.99

00:25:37.180 Those are Americans suffering.

00:25:38.600 You know, we're not being political.

00:25:41.100 We don't get political

00:25:41.980 in a hurricane, do we?

00:25:43.360 I guess we do. 1.00

00:25:44.540 Because we suck. 1.00

00:25:45.720 But we don't get as political 0.99

00:25:47.340 when there's a natural disaster.

00:25:49.200 At least most of us

00:25:50.760 can turn that off

00:25:51.660 for about 10 minutes.

00:25:53.300 You know, maybe the politicians can't.

00:25:54.920 But the citizens can.

00:25:56.540 I mean, when there's a hurricane,

00:25:59.100 no citizens I've ever heard

00:26:00.860 said don't help them

00:26:01.760 because they're Democrats or Republicans.

00:26:04.240 I've never heard that.

00:26:06.340 So, not from citizens.

00:26:07.340 And even in East Palestine, 0.65

00:26:11.520 I don't think there were good people

00:26:13.140 of any political stripe

00:26:15.540 who didn't want those people helped.

00:26:18.120 That's what I think.

00:26:19.440 Anyway,

00:26:20.220 more about this Silicon Valley bank.

00:26:26.060 Do you think that

00:26:27.180 some of what's going on

00:26:28.880 is just that

00:26:29.920 Republicans and conservatives

00:26:32.900 are mad at Democrats

00:26:34.220 and it looks like a Democrat bank

00:26:36.540 with a bunch of Democrat depositors?

00:26:40.560 Now, that, of course,

00:26:41.640 is not true.

00:26:43.680 You know, every bank

00:26:44.620 would have a mix

00:26:45.740 of all kinds of people.

00:26:47.640 They'd have a mix of ethnicities

00:26:49.780 and a mix of political.

00:26:51.300 But probably the way people think

00:26:53.300 of Silicon Valley

00:26:55.020 is a bunch of Democrats.

00:26:56.580 Democrats.

00:26:57.920 So,

00:26:59.220 I would be a little embarrassed,

00:27:02.420 a little embarrassed,

00:27:03.740 for my country

00:27:05.540 if any of that

00:27:06.760 is seeping into this decision.

00:27:09.280 If this is political, 1.00

00:27:11.620 we suck. 1.00

00:27:13.300 Right? 1.00

00:27:13.640 This is just a,

00:27:14.500 it's a disaster.

00:27:16.100 It's just like,

00:27:17.300 you know,

00:27:17.500 it's not just like.

00:27:18.720 But in some ways,

00:27:20.540 in terms of the country

00:27:21.940 needs to save

00:27:22.980 some part of something,

00:27:24.480 it is like a natural disaster to me.

00:27:27.440 The people,

00:27:28.560 most of the people involved

00:27:29.660 had nothing to do with it.

00:27:31.380 We're just completely

00:27:32.240 innocent victims.

00:27:34.780 Yeah.

00:27:35.220 So, I think the right decision

00:27:36.680 is for the government

00:27:37.400 to come in strong

00:27:38.360 and protect depositors,

00:27:40.700 but not owners of banks.

00:27:42.720 And I'm happy

00:27:43.400 with how that turned out.

00:27:46.000 All right.

00:27:47.060 But let's check

00:27:48.460 the stock market.

00:27:49.520 I think the stock market

00:27:50.660 will give you the best idea

00:27:51.780 of what's going on.

00:27:54.200 So, let's look at SPY.

00:27:56.500 So, that would be

00:27:57.140 the Fortune 500.

00:27:58.860 So, it's down half a point,

00:28:00.460 which would be

00:28:01.380 a normal day move.

00:28:04.780 Oh, it's up?

00:28:06.100 Is my app on it?

00:28:08.440 Let's see if I refresh.

00:28:09.620 My app's like 15 minutes late.

00:28:11.200 But do you even,

00:28:13.940 do you have a different,

00:28:16.560 mine says down.

00:28:20.800 Do you have a delay

00:28:21.860 on your app

00:28:22.500 or do I have a delay

00:28:23.300 on my app?

00:28:24.240 Anyway,

00:28:24.980 the point is,

00:28:26.080 whether it's up or down,

00:28:27.180 it's not up or down much.

00:28:29.080 It's not really more

00:28:30.120 than an ordinary day.

00:28:31.880 If the stock market

00:28:32.840 is not moving

00:28:33.640 more than an ordinary day,

00:28:35.020 I think we're going

00:28:36.340 to be okay.

00:28:37.880 I think we're going

00:28:38.720 to be okay.

00:28:40.040 Yeah.

00:28:40.940 I'm looking at

00:28:41.680 less than half a point move

00:28:43.120 on something

00:28:44.140 that should have been scary.

00:28:46.380 So, it looks like

00:28:47.400 the stock market,

00:28:48.660 the collective wisdom

00:28:49.660 of the crowds,

00:28:50.900 is that we'll be okay.

00:28:52.660 Now, if the collective wisdom

00:28:54.260 of stock people

00:28:55.580 says we'll be okay,

00:28:57.840 that probably matches

00:28:59.180 the public.

00:29:00.640 Right?

00:29:00.840 They're a little more

00:29:01.460 sophisticated

00:29:01.980 than the public

00:29:02.660 in general.

00:29:03.500 But it's also

00:29:04.200 the people who have money.

00:29:05.920 The people who don't

00:29:06.740 have money,

00:29:07.320 it doesn't matter

00:29:07.840 if they try to withdraw

00:29:09.320 their money

00:29:09.900 they don't have or not.

00:29:11.380 But if you're

00:29:11.880 in the stock market,

00:29:12.940 you're probably

00:29:13.320 exactly the same people

00:29:14.600 who are putting money

00:29:15.460 in banks

00:29:15.920 because you have money.

00:29:17.540 So,

00:29:18.280 those people seem

00:29:19.220 to be fairly calm.

00:29:23.100 Fairly calm.

00:29:23.840 Yeah,

00:29:24.040 the market is still assessing,

00:29:26.100 but that I don't worry about.

00:29:28.080 I don't worry

00:29:29.060 about a careful assessment.

00:29:30.760 I worry about a panic.

00:29:33.720 And it looks like

00:29:34.300 the government acted

00:29:35.240 to stop the panic.

00:29:37.040 Now,

00:29:38.120 remember I always tell you

00:29:39.260 that the internet dads

00:29:41.820 are really keeping

00:29:44.360 everything together?

00:29:45.780 I don't think everybody

00:29:46.800 realizes this yet,

00:29:48.180 how true this is.

00:29:49.760 Now,

00:29:50.020 when I say the internet dads,

00:29:51.260 I don't mean just men

00:29:52.700 and it's not gender specific.

00:29:55.020 I'm using it as sort of

00:29:56.120 a dad vibe.

00:29:58.800 You know,

00:29:58.960 somebody just

00:29:59.600 taking control,

00:30:01.420 that sort of thing.

00:30:02.560 And

00:30:02.980 what I watched,

00:30:05.700 at least play out

00:30:06.640 in public,

00:30:07.460 is the smartest people

00:30:08.720 in America

00:30:09.320 realizing that they

00:30:11.200 had to get involved.

00:30:13.780 Now,

00:30:14.220 smart people get involved

00:30:15.120 in lots of stuff,

00:30:16.220 but I think

00:30:17.220 the smartest among us,

00:30:19.300 I don't include myself

00:30:20.580 in this topic,

00:30:21.460 I think the smartest among us

00:30:23.700 said,

00:30:24.440 all right,

00:30:24.680 this is my job.

00:30:25.540 I'm not going to delegate

00:30:27.460 this one.

00:30:28.500 You don't want to delegate that.

00:30:30.400 And I saw

00:30:31.200 the smartest people

00:30:32.620 just become more visible,

00:30:34.780 you know,

00:30:34.980 and they weighed in

00:30:35.680 with their specific opinions.

00:30:37.400 And I believe that

00:30:38.580 we got a result

00:30:39.840 that would be compatible

00:30:41.020 with,

00:30:42.360 I say,

00:30:42.860 most of the smart dads.

00:30:44.860 I know Vivek,

00:30:46.280 Ramaswamy was more, 0.90

00:30:48.380 you know,

00:30:48.600 let them fall.

00:30:50.000 So he was sort of

00:30:51.200 outside the mainstream

00:30:52.340 dad mode.

00:30:54.200 But I think dad mode

00:30:55.220 just saved the country.

00:30:57.320 And again,

00:30:57.860 I don't mean just male.

00:30:59.660 I'm using it generically.

00:31:01.340 Yeah.

00:31:01.600 I think dad mode,

00:31:03.000 because those smartest people,

00:31:04.860 well,

00:31:05.140 let me say,

00:31:06.080 I'll be very specific.

00:31:08.460 I tuned into a Spaces,

00:31:10.640 you know,

00:31:10.880 the audio thing on Twitter,

00:31:12.680 and I was listening to

00:31:13.640 a famous investor,

00:31:15.120 Bill Ackman,

00:31:17.000 talking about,

00:31:18.060 you know,

00:31:18.460 where things were,

00:31:19.200 where they're going to go.

00:31:20.300 Now,

00:31:20.720 because he's someone

00:31:22.540 whose opinion on this topic

00:31:24.280 I would trust,

00:31:25.360 because he's in,

00:31:26.220 you know,

00:31:26.420 he's right in the center

00:31:27.520 of this business,

00:31:28.760 and he was thinking

00:31:31.000 that we could get through it,

00:31:32.780 that made me think so too.

00:31:35.540 Right?

00:31:36.320 So I thought,

00:31:36.920 well,

00:31:37.080 okay,

00:31:38.080 if this,

00:31:38.700 if this internet dad

00:31:40.380 is happy.

00:31:41.580 And then I look at people

00:31:42.340 like David Sachs,

00:31:43.360 who was arguing with Vivek.

00:31:45.160 They were disagreeing

00:31:46.080 quite a bit on this.

00:31:47.180 But I felt as though,

00:31:50.180 I felt as though

00:31:51.580 I discounted anybody

00:31:53.040 who was running for office.

00:31:55.780 So I've told you

00:31:56.820 I'm supporting Vivek

00:31:58.260 for president

00:31:59.020 primarily on one topic.

00:32:00.620 He's just tough

00:32:01.240 on fentanyl in Mexico.

00:32:03.520 And I disagreed

00:32:05.280 with his take on this.

00:32:06.920 I disagreed with his take.

00:32:08.540 But he's also

00:32:09.400 in a political realm.

00:32:10.660 And I think

00:32:12.000 on this decision,

00:32:13.060 I didn't care about

00:32:13.820 anybody in politics.

00:32:16.420 Don't show me

00:32:17.280 a Democrat

00:32:17.720 running for office.

00:32:18.820 Don't show me

00:32:19.700 a Republican

00:32:20.840 running for office.

00:32:22.460 I discount

00:32:23.080 those opinions

00:32:23.720 completely.

00:32:24.920 I don't discount

00:32:25.940 the smartest people

00:32:28.740 in Silicon Valley.

00:32:31.100 I don't discount

00:32:32.100 that at all.

00:32:32.900 Even though I know

00:32:33.600 they have a personal

00:32:34.740 stake in some cases,

00:32:36.440 a personal stake,

00:32:37.200 I still think

00:32:39.080 they're closer

00:32:39.700 to what makes sense

00:32:41.400 than what's political.

00:32:44.300 Yeah.

00:32:44.980 So I always discount

00:32:46.140 politicians

00:32:46.720 for a technical

00:32:48.100 analysis like this.

00:32:52.380 Lots of banks

00:32:53.160 probably have

00:32:53.520 the same problem,

00:32:54.240 so we'll see

00:32:54.600 how this plays out.

00:32:56.620 So far,

00:32:57.640 I trust

00:32:58.440 the,

00:33:00.100 I trust

00:33:02.940 that we're going

00:33:03.360 to work our way

00:33:03.920 through it.

00:33:04.360 Because I think

00:33:04.840 the smartest people

00:33:06.360 are just asserting

00:33:07.840 themselves right now

00:33:08.860 because they have to.

00:33:10.820 I saw a tweet,

00:33:12.020 I guess this was

00:33:12.780 from Fox Business,

00:33:14.560 had a headline

00:33:15.200 that said,

00:33:15.680 B of A and Lowe's

00:33:16.920 sponsoring CRT training

00:33:19.040 that, quote,

00:33:21.120 urges whites 0.85

00:33:21.960 to seed power

00:33:22.920 to people of color.

00:33:25.040 Now,

00:33:25.780 I'm sure that's

00:33:26.840 taken out of context.

00:33:28.980 But,

00:33:29.460 of course,

00:33:29.920 you ask yourself,

00:33:31.040 what possible context

00:33:32.520 could make that okay?

00:33:33.440 Like,

00:33:35.080 how much imagination

00:33:36.120 would you have to

00:33:36.660 wrap around that

00:33:37.420 to say,

00:33:38.140 well,

00:33:38.760 in this one context

00:33:40.180 that might actually

00:33:40.980 make sense.

00:33:42.500 No,

00:33:43.100 not really.

00:33:44.540 Nope.

00:33:45.500 Nope.

00:33:46.200 Now,

00:33:46.740 if B and A

00:33:47.420 and Lowe's

00:33:48.200 are

00:33:49.020 teaching people

00:33:51.980 to put,

00:33:53.300 let's say,

00:33:53.900 race over capability,

00:33:56.000 would you buy stock

00:33:57.660 in B of A

00:33:58.320 or Lowe's

00:33:59.040 knowing that they

00:34:00.260 have publicly signaled

00:34:01.480 they're no longer

00:34:02.820 valuing competence

00:34:04.100 as their highest

00:34:05.740 standard?

00:34:07.620 Their highest standard

00:34:08.780 now is

00:34:09.420 who has the power.

00:34:11.420 It says so.

00:34:12.760 It's from their own 0.89

00:34:13.560 training.

00:34:14.800 Who would invest

00:34:15.860 in that?

00:34:17.200 Now,

00:34:17.520 if it sounds to you

00:34:18.340 like I'm saying,

00:34:18.940 oh,

00:34:19.200 I don't want 0.98

00:34:19.860 people of color

00:34:21.980 to have opportunity,

00:34:23.340 no,

00:34:24.400 no.

00:34:25.400 I'm just saying

00:34:26.240 that if the way

00:34:27.440 you get it

00:34:28.220 is by making

00:34:30.040 your companies

00:34:30.820 no longer

00:34:32.600 capable of

00:34:34.400 rotting,

00:34:35.580 then maybe

00:34:36.040 that wasn't

00:34:36.520 the best path.

00:34:37.500 That's all.

00:34:38.200 Maybe there's

00:34:38.640 a better way.

00:34:40.800 All right.

00:34:42.160 So,

00:34:42.500 a tweet from

00:34:43.000 Representative

00:34:43.600 Jamie Raskin.

00:34:50.200 I'm just

00:34:50.900 going to read

00:34:51.380 you the tweet.

00:34:52.660 I feel like

00:34:53.220 sometimes there's

00:34:53.940 no commentary

00:34:54.600 needed.

00:34:55.880 Remember,

00:34:56.380 he's a notable

00:34:57.380 Democrat

00:34:59.020 who has pushed

00:34:59.860 a number of

00:35:00.400 hoaxes,

00:35:00.840 and he says,

00:35:01.840 America must

00:35:02.580 reject the

00:35:03.700 GOP's dangerous

00:35:04.900 nihilism about

00:35:06.180 the impossibility

00:35:07.160 of separating

00:35:07.840 truth from

00:35:08.680 lies,

00:35:09.860 a derangement

00:35:10.580 brought on

00:35:11.120 by Donald

00:35:12.120 Trump,

00:35:13.160 but now

00:35:13.720 infecting their

00:35:14.440 whole party.

00:35:16.180 Our system

00:35:17.300 of democratic

00:35:17.980 governance

00:35:18.560 rests on

00:35:19.460 truth and

00:35:20.020 facts,

00:35:20.860 not lies

00:35:22.400 and conspiracy

00:35:24.560 theories.

00:35:25.180 So,

00:35:27.240 I retweeted

00:35:29.220 with a comment

00:35:29.900 and attached

00:35:30.720 the now

00:35:32.160 over 20

00:35:33.280 lists of

00:35:33.900 the hoaxes

00:35:35.580 that Democrats,

00:35:36.480 including

00:35:36.840 Representative

00:35:38.020 Jamie Raskin,

00:35:39.280 have played

00:35:39.840 on the country

00:35:40.520 over the past

00:35:41.280 five years.

00:35:42.880 There are

00:35:43.160 over 20

00:35:43.840 major hoaxes,

00:35:45.600 some not so

00:35:46.340 major,

00:35:47.140 that his

00:35:48.680 party played

00:35:49.320 on the world,

00:35:50.700 and they still

00:35:51.540 do,

00:35:52.440 to this day.

00:35:53.420 And he's

00:35:54.380 complaining about

00:35:55.060 truth.

00:35:56.000 Now, if there's

00:35:56.880 one thing I

00:35:57.400 could tell you,

00:35:58.820 truth would

00:35:59.440 destroy the

00:35:59.980 country.

00:36:01.160 You don't

00:36:01.880 want truth.

00:36:03.640 You don't.

00:36:05.000 The banking

00:36:05.960 problem is a

00:36:06.700 perfect example.

00:36:08.720 If everybody

00:36:09.640 involved in the

00:36:10.340 banking just

00:36:10.880 told you the

00:36:11.740 cold, hard

00:36:12.460 facts, there

00:36:13.440 would be a

00:36:13.820 run on banks.

00:36:15.540 There would.

00:36:16.560 There would be a

00:36:17.380 run on banks

00:36:18.120 if nobody told

00:36:19.660 you everything

00:36:20.080 would be fine.

00:36:20.780 Does anybody

00:36:22.740 think that

00:36:23.300 anybody knows

00:36:24.880 for sure

00:36:25.860 that everything

00:36:26.800 will be fine?

00:36:27.940 Nobody knows

00:36:28.520 that.

00:36:29.560 Now, I think

00:36:30.120 it's true.

00:36:30.980 That's my

00:36:31.420 honest opinion

00:36:32.120 that it will

00:36:32.600 be fine.

00:36:33.480 But nobody

00:36:33.960 knows.

00:36:35.140 So I'm

00:36:35.520 giving you

00:36:36.000 an optimistic

00:36:36.900 view of the

00:36:37.460 future because

00:36:38.160 it's more

00:36:38.640 functional.

00:36:40.100 If I can

00:36:41.080 infect you

00:36:41.640 with some

00:36:41.980 optimism, it

00:36:43.080 will stop a

00:36:43.820 bank run.

00:36:45.100 It will stop

00:36:45.940 the run.

00:36:46.700 But if I gave

00:36:47.460 you a whole

00:36:47.720 bunch of facts

00:36:48.460 about the

00:36:50.220 stability of

00:36:50.920 the system and

00:36:52.500 you were

00:36:53.220 unaware that

00:36:54.600 people will

00:36:55.100 be acting in

00:36:56.680 various heroic

00:36:57.740 ways to try to

00:36:59.240 make sure that

00:36:59.720 those risks

00:37:00.240 don't become

00:37:01.400 real.

00:37:02.080 So you're not

00:37:02.780 going to see

00:37:03.120 what people

00:37:03.620 would do to

00:37:04.240 fix something,

00:37:04.860 right?

00:37:05.520 Because that's

00:37:06.140 unknown.

00:37:07.140 So if all I

00:37:07.800 did is tell you

00:37:08.400 all the problems

00:37:09.120 with the system,

00:37:10.740 you would go

00:37:11.500 and try to

00:37:12.060 turn your money

00:37:12.640 into gold

00:37:14.000 immediately.

00:37:15.900 But we don't

00:37:16.680 have a world

00:37:17.300 that works on

00:37:17.840 facts and you

00:37:18.620 don't want one.

00:37:19.320 You do not

00:37:20.420 want a world

00:37:21.040 that works on

00:37:21.600 facts.

00:37:22.420 It has to

00:37:23.400 work on 1.00

00:37:23.800 bullshit. 1.00

00:37:25.540 Bullshit is 1.00

00:37:26.200 the only thing 1.00

00:37:26.980 that keeps us

00:37:27.520 alive.

00:37:28.620 Now, too

00:37:29.160 much of it

00:37:29.780 and the wrong

00:37:30.360 kind seems

00:37:31.120 negative.

00:37:32.260 But you don't

00:37:32.960 want to take

00:37:33.440 away the

00:37:33.920 operating system

00:37:34.880 of society,

00:37:36.060 which is lies.

00:37:38.340 Exaggerations,

00:37:39.080 promises you

00:37:39.700 can't keep,

00:37:40.960 optimism that

00:37:41.640 isn't accurate,

00:37:44.880 downplaying the

00:37:47.400 things that

00:37:47.780 are really

00:37:48.080 bad.

00:37:50.380 The moment

00:37:51.160 you think

00:37:51.580 that truth

00:37:52.220 is your

00:37:53.500 goal,

00:37:54.500 you're lost.

00:37:56.320 Now, we all

00:37:56.860 prefer truth.

00:37:58.420 If you ask me,

00:37:59.200 I'll say,

00:37:59.540 oh, yeah,

00:37:59.880 I'd much

00:38:00.560 rather have

00:38:00.960 the truth.

00:38:01.640 But I'm

00:38:02.080 also not 0.64

00:38:02.680 an idiot. 0.98

00:38:03.820 I see that 1.00

00:38:04.520 most of the

00:38:05.080 world couldn't

00:38:05.620 handle the truth

00:38:06.320 and it would

00:38:06.700 just crash the

00:38:07.440 system.

00:38:08.160 So, no,

00:38:08.600 the truth is

00:38:09.100 terrible.

00:38:10.000 You don't

00:38:10.280 want the truth.

00:38:11.180 But that

00:38:12.100 doesn't mean

00:38:12.520 that every

00:38:12.920 piece of BS

00:38:13.700 is good for

00:38:14.280 you.

00:38:15.100 So, I

00:38:16.040 would agree

00:38:16.400 with Jamie

00:38:16.920 Representative

00:38:17.980 Raskin that

00:38:19.520 there's too 1.00

00:38:20.100 much bullshit, 1.00

00:38:21.540 but don't 1.00

00:38:22.500 get rid of

00:38:22.840 all of it.

00:38:23.680 It's sort

00:38:23.980 of a

00:38:24.180 necessary

00:38:24.700 lubricant

00:38:25.620 of society.

00:38:29.560 All right.

00:38:31.700 I finally

00:38:32.560 figured out,

00:38:33.300 and I guess

00:38:33.720 this was not

00:38:34.720 the biggest

00:38:35.160 mystery in

00:38:35.760 the world,

00:38:36.540 exactly why

00:38:37.460 TikTok has

00:38:38.280 not already

00:38:38.900 been banned

00:38:39.520 by the

00:38:41.020 government.

00:38:42.020 Can you

00:38:42.440 guess why

00:38:42.980 TikTok

00:38:43.380 TikTok has

00:38:44.540 not already

00:38:45.060 been banned

00:38:45.580 by the

00:38:45.960 government?

00:38:46.920 Just take

00:38:47.480 a guess.

00:38:49.300 Because it's

00:38:50.080 good for

00:38:50.480 Democrats.

00:38:52.140 Now, I

00:38:52.900 didn't know

00:38:53.300 that the

00:38:53.620 Democrats

00:38:54.060 were thinking

00:38:54.940 in those

00:38:55.320 terms, but

00:38:56.620 it did seem

00:38:57.300 to me that

00:38:57.800 because of

00:38:58.180 the demographic

00:38:58.840 of TikTok

00:38:59.620 users, young

00:39:01.140 people tend

00:39:01.680 to be

00:39:01.960 Democrats,

00:39:02.920 more likely,

00:39:03.940 that it

00:39:04.380 probably helped

00:39:05.140 them to have

00:39:05.640 that vehicle

00:39:06.580 that they

00:39:06.980 could reach

00:39:07.420 those voters.

00:39:08.940 Now, did

00:39:09.300 you know that

00:39:09.820 2022 was

00:39:11.780 record turnout

00:39:12.640 for young

00:39:13.380 people of

00:39:14.180 the TikTok

00:39:14.720 using age?

00:39:16.080 Did you

00:39:16.380 know that?

00:39:18.080 Do you

00:39:18.320 think it's

00:39:18.640 related?

00:39:20.040 I don't

00:39:20.660 necessarily think

00:39:21.480 it's related.

00:39:22.020 It might be

00:39:22.320 related to

00:39:22.840 abortion or

00:39:23.720 something like

00:39:24.040 that.

00:39:26.500 But I

00:39:27.160 wonder, I

00:39:28.600 wonder, did

00:39:30.100 TikTok make 0.50

00:39:30.800 people more

00:39:31.340 likely to vote?

00:39:32.960 It can.

00:39:34.640 If you don't

00:39:35.400 think it has

00:39:35.820 the power to

00:39:36.520 do that,

00:39:36.920 you're completely

00:39:37.500 wrong.

00:39:38.460 Yeah.

00:39:39.000 TikTok has

00:39:39.800 the power to

00:39:40.500 change how

00:39:41.060 many people

00:39:41.540 vote.

00:39:42.760 Did you

00:39:43.080 know that?

00:39:44.560 Because it's

00:39:45.220 persuasive.

00:39:46.560 And they can

00:39:47.060 decide what

00:39:47.680 you see and

00:39:48.120 what you

00:39:48.380 don't see.

00:39:49.440 So if they

00:39:50.040 want you to

00:39:50.500 vote, they

00:39:51.420 can make sure

00:39:51.940 that your

00:39:52.280 feed is filled

00:39:53.020 with more

00:39:53.500 things that

00:39:54.600 are political

00:39:55.080 and would

00:39:55.720 encourage you

00:39:56.260 to vote and

00:39:56.940 scare you so

00:39:57.720 you have to

00:39:58.080 vote, right?

00:40:04.660 Anyway, so

00:40:05.980 the reason

00:40:06.420 that TikTok

00:40:08.700 is not

00:40:09.320 already banned

00:40:10.140 when it's

00:40:10.520 so obvious

00:40:11.120 the right

00:40:11.640 thing to

00:40:11.980 do, I

00:40:12.320 mean, this

00:40:12.580 is just

00:40:12.940 an easy

00:40:13.360 question.

00:40:14.220 Am I

00:40:14.500 wrong?

00:40:15.740 Banning

00:40:16.100 TikTok is

00:40:16.660 not a

00:40:16.980 hard question.

00:40:18.320 The Chinese 0.89

00:40:18.800 government can

00:40:19.580 control what

00:40:20.180 our kids

00:40:20.860 see.

00:40:22.080 They have

00:40:22.460 total control

00:40:23.380 of what they

00:40:23.880 see more

00:40:24.300 of and less

00:40:24.800 of.

00:40:25.640 Even the

00:40:25.980 Chinese children

00:40:27.440 can't use it.

00:40:28.620 They're not

00:40:28.980 allowed.

00:40:30.280 It's too

00:40:30.620 dangerous.

00:40:33.080 All right.

00:40:33.460 But it's

00:40:35.200 because the

00:40:35.740 Democrats are

00:40:36.380 saying directly

00:40:37.060 they don't

00:40:37.520 think they

00:40:37.880 can win

00:40:38.280 races without

00:40:38.980 it.

00:40:40.080 The

00:40:40.320 Democrats,

00:40:41.300 the consultants,

00:40:42.280 et cetera, are

00:40:42.760 saying it

00:40:43.140 directly.

00:40:44.000 Yeah, without

00:40:44.720 TikTok, we'd

00:40:45.740 have trouble

00:40:47.180 winning.

00:40:48.860 So there

00:40:49.560 it is.

00:40:50.920 Your

00:40:51.100 Democrats

00:40:51.660 have

00:40:52.620 literally

00:40:53.200 preferred

00:40:57.000 China's 0.76

00:40:57.760 well-being

00:40:58.260 over yours.

00:41:00.260 That's not

00:41:01.060 exaggeration.

00:41:02.480 Because to

00:41:03.200 the extent

00:41:03.600 that they

00:41:03.980 know that

00:41:04.420 China can 0.98

00:41:04.900 influence

00:41:05.340 TikTok, and

00:41:05.980 of course

00:41:06.660 they should

00:41:07.140 know that,

00:41:07.700 it's pretty

00:41:08.060 obvious, and

00:41:09.420 the fact that

00:41:09.920 they want to

00:41:10.420 not change

00:41:11.120 that situation

00:41:11.840 because it's

00:41:12.380 good for them

00:41:12.920 politically,

00:41:14.820 they're not

00:41:15.260 on your side.

00:41:17.960 Nice picture.

00:41:19.220 They're not

00:41:19.580 on your side

00:41:20.080 at all.

00:41:21.200 Anybody who

00:41:21.740 wants to keep

00:41:22.380 TikTok to get

00:41:23.160 elected has

00:41:24.220 favored China's

00:41:25.520 well-being over

00:41:26.360 the United

00:41:26.780 States.

00:41:28.800 I'm not wrong

00:41:29.720 about that.

00:41:30.740 That's exactly

00:41:31.560 what's happening.

00:41:32.360 They've literally

00:41:33.020 favored China's

00:41:35.540 well-being over

00:41:36.260 the United

00:41:36.640 States so

00:41:37.480 they can get

00:41:37.900 elected.

00:41:39.360 What would

00:41:40.000 be a lower

00:41:41.000 level of

00:41:41.960 ethical

00:41:42.420 behavior?

00:41:45.620 I can't

00:41:46.080 think of

00:41:46.380 one.

00:41:47.220 Can you

00:41:47.480 think of

00:41:47.760 anything that

00:41:48.160 would be

00:41:48.380 less ethical

00:41:49.200 than that?

00:41:51.060 Literally

00:41:51.700 allowing your

00:41:52.720 most dangerous

00:41:54.040 adversaries to

00:41:55.360 have control

00:41:56.020 of the minds

00:41:56.900 of your own

00:41:57.740 children so

00:41:59.060 you can get

00:41:59.580 elected.

00:41:59.880 you would

00:42:01.400 delegate the

00:42:02.220 raising of

00:42:02.760 your children

00:42:03.260 to the

00:42:04.140 Chinese

00:42:04.540 communists so

00:42:05.620 you can get

00:42:06.020 a few votes.

00:42:07.100 That's what the

00:42:07.600 Democrats are

00:42:08.100 doing.

00:42:10.240 I'm not making

00:42:11.140 that up.

00:42:12.500 Let me ask you,

00:42:13.500 is that framing

00:42:14.300 too hyperbolic?

00:42:17.340 Was that

00:42:17.980 hyperbole or is

00:42:18.800 that a description

00:42:19.560 of fact that a

00:42:21.520 Democrat will 0.68

00:42:22.320 leave the

00:42:22.900 education to a

00:42:24.960 large degree of

00:42:26.940 their own

00:42:27.560 children and

00:42:29.480 grandkids?

00:42:30.980 They will risk

00:42:31.960 their own

00:42:32.440 children and

00:42:32.940 grandchildren so

00:42:34.900 they can get

00:42:35.380 elected.

00:42:36.380 It's just like

00:42:37.640 some votes.

00:42:38.420 It's not like a 0.54

00:42:38.940 lot of votes.

00:42:40.260 That's actually

00:42:41.160 happening in the

00:42:42.140 real world right

00:42:43.740 in front of you.

00:42:45.220 There's nobody

00:42:45.920 hiding it.

00:42:47.700 Just think about

00:42:48.200 the...

00:42:48.560 Remember how I

00:42:50.040 kept saying why

00:42:50.660 is there no

00:42:51.080 argument for

00:42:51.800 keeping TikTok?

00:42:53.620 Fox News would

00:42:54.580 have on this

00:42:55.280 bipartisan two

00:42:56.880 senators, oh

00:42:57.980 here's a

00:42:58.680 Republican who

00:42:59.320 says ban 0.97

00:42:59.760 TikTok and

00:43:00.880 here's a

00:43:01.640 Democrat who

00:43:02.180 says ban 0.97

00:43:02.580 TikTok.

00:43:03.560 And then I

00:43:04.020 say, okay,

00:43:04.860 good.

00:43:05.680 Now I'm very

00:43:06.240 curious to see

00:43:07.220 the opposite

00:43:07.760 side of the

00:43:08.380 argument.

00:43:09.120 So I can't

00:43:09.660 wait until they

00:43:10.240 have a Democrat

00:43:10.760 on who wants

00:43:11.780 to keep TikTok.

00:43:13.720 Have you ever

00:43:14.140 seen one?

00:43:16.580 Anywhere?

00:43:17.820 CNN, MSNBC,

00:43:20.060 Fox News?

00:43:21.700 No.

00:43:22.780 Have you seen

00:43:23.240 an article,

00:43:23.880 Wall Street

00:43:24.200 Journal?

00:43:25.460 Have you seen

00:43:25.980 any Democrat

00:43:27.220 say, I'd like

00:43:28.820 to say that

00:43:29.480 TikTok should

00:43:30.280 remain legal?

00:43:31.740 Nope.

00:43:32.920 Do you know

00:43:33.260 why?

00:43:33.800 They literally

00:43:34.660 can't say it

00:43:35.320 in public.

00:43:37.080 It's the

00:43:37.760 policy of the

00:43:38.440 United States.

00:43:39.660 It's not a

00:43:40.380 state secret.

00:43:41.700 And they're so

00:43:42.660 embarrassed, they

00:43:43.600 can't even say it

00:43:44.340 in public.

00:43:45.500 Do you think

00:43:46.220 they should be

00:43:46.920 embarrassed?

00:43:47.800 Yes.

00:43:48.780 Yes, they

00:43:49.280 should be

00:43:49.700 embarrassed.

00:43:50.660 If you can't

00:43:51.540 even make your

00:43:52.260 argument in

00:43:53.140 public, and I'm

00:43:54.500 not wrong, there

00:43:55.640 is no Democrat

00:43:56.420 who has made

00:43:57.260 an argument for

00:43:58.220 TikTok in

00:43:58.880 public, because

00:44:00.080 they can't.

00:44:01.160 It would be

00:44:01.760 thoroughly unethical.

00:44:03.800 What they're

00:44:04.240 doing instead is

00:44:05.000 saying, oh, let's

00:44:06.200 study it until the

00:44:07.020 next election's

00:44:07.760 over.

00:44:08.540 They're going to

00:44:09.100 study it until the

00:44:10.140 election's over.

00:44:11.340 And they're doing

00:44:12.060 that right in front

00:44:12.980 of your face.

00:44:14.820 Right in front of

00:44:15.760 you.

00:44:16.840 Nothing's being

00:44:17.500 hidden here.

00:44:18.620 This is right in

00:44:19.520 front of you.

00:44:20.180 We would like

00:44:20.880 China to be a big 0.99

00:44:22.540 part of the next

00:44:23.280 election.

00:44:25.060 Oh, my God.

00:44:27.000 Oh, my God.

00:44:28.440 Yeah, let's have

00:44:29.360 China be a big 1.00

00:44:30.080 player in the next

00:44:30.880 election, and

00:44:31.780 purposely.

00:44:33.380 Purposely.

00:44:34.020 Now, they're not

00:44:35.080 purposely wanting

00:44:36.180 China to do it, but

00:44:37.480 they're purposely

00:44:38.080 creating the

00:44:38.720 situation which they

00:44:40.340 know gives China 0.74

00:44:41.180 tremendous control

00:44:43.140 over the election.

00:44:44.540 Now, here's the

00:44:45.080 question.

00:44:45.440 Do you think

00:44:45.780 China prefers 0.99

00:44:46.600 Democrats?

00:44:49.820 What do you

00:44:50.440 think?

00:44:50.680 Do you think

00:44:51.900 they prefer

00:44:52.600 Democrats?

00:44:55.200 Well, you could

00:44:56.540 argue that they

00:44:57.440 don't care.

00:44:58.520 There is an

00:44:58.900 argument that

00:44:59.580 Biden's been

00:45:00.380 tough on them.

00:45:02.040 Biden has been

00:45:03.040 tough on China.

00:45:04.920 And the

00:45:05.200 Democrats, even

00:45:05.960 Schumer, etc.,

00:45:07.280 are still kind of

00:45:08.140 tough on China.

00:45:09.460 So it's not as

00:45:11.120 clear to me that

00:45:12.280 China wants 0.96

00:45:12.820 Republicans to

00:45:13.600 win.

00:45:14.140 But what is

00:45:14.800 clear is if they

00:45:16.260 wanted Republicans

00:45:17.040 to win, they

00:45:17.660 could make it

00:45:18.100 happen.

00:45:19.820 That's clear.

00:45:20.680 They could make

00:45:22.000 it happen.

00:45:23.480 Doesn't mean they 1.00

00:45:24.260 will, but your

00:45:26.460 election is no

00:45:27.200 longer in your

00:45:27.680 hands.

00:45:28.660 It looks like

00:45:29.260 China has full 0.99

00:45:30.380 control of the

00:45:30.980 next election.

00:45:32.160 And I say full

00:45:32.820 control because

00:45:33.480 anything that can

00:45:34.120 move the electorate

00:45:34.880 by 2% is going

00:45:36.680 to determine who

00:45:37.940 the next president

00:45:38.660 is.

00:45:39.520 You don't think

00:45:40.100 TikTok can move

00:45:41.200 us by 2%?

00:45:44.440 Yes, they can.

00:45:46.020 Yes, they can.

00:45:46.800 But it has

00:45:47.620 exactly the kind

00:45:49.260 of system that

00:45:50.420 could move 2%

00:45:51.240 of the public

00:45:51.780 completely, totally.

00:45:55.160 All right.

00:45:58.100 So I think it

00:45:58.940 was last week I

00:45:59.760 showed a clip that

00:46:00.780 I just took off

00:46:01.460 the news.

00:46:02.180 So I know it's

00:46:02.700 not, I know it

00:46:03.380 wasn't manipulated.

00:46:06.600 You know,

00:46:06.760 sometimes you see

00:46:07.920 manipulated things

00:46:08.720 where they slow

00:46:09.760 down somebody's

00:46:10.460 speech to make

00:46:11.060 them look like

00:46:11.440 they're drunk or

00:46:12.000 something.

00:46:12.260 But I'm pretty

00:46:13.640 sure the video

00:46:14.280 of Kamala Harris

00:46:15.620 appearing to be

00:46:16.660 inebriated while

00:46:17.840 she was speaking

00:46:18.380 in public,

00:46:19.540 now that's my

00:46:20.000 opinion.

00:46:21.180 In my opinion,

00:46:21.960 she appeared to

00:46:23.160 be inebriated.

00:46:24.500 And so I tweeted

00:46:25.220 it to ask other

00:46:25.980 people what they

00:46:26.540 thought.

00:46:27.380 And there were

00:46:27.720 some who thought

00:46:28.700 no.

00:46:29.140 They said, oh,

00:46:29.580 she's just like

00:46:30.200 that.

00:46:30.980 But I think at

00:46:32.260 least three quarters

00:46:33.080 of people who

00:46:33.720 responded said,

00:46:35.440 oh, yeah,

00:46:35.840 obviously inebriated.

00:46:37.480 It's obvious.

00:46:39.620 Now, where's the

00:46:40.980 pushback to that?

00:46:42.780 Where's the

00:46:43.380 pushback?

00:46:45.400 So we've got

00:46:46.120 this banking

00:46:46.680 crisis, and the

00:46:49.700 confidence of the

00:46:51.380 economy, the

00:46:52.020 confidence of the

00:46:52.640 country depends on

00:46:54.000 leadership more

00:46:54.980 than anything else.

00:46:56.240 So we've got a

00:46:57.040 leader who can't

00:46:57.840 put two words

00:46:58.440 together, and it's

00:47:00.380 never clear if he's

00:47:01.940 going to finish a

00:47:02.620 sentence, and his

00:47:04.120 backup, nobody's

00:47:06.100 questioning the

00:47:06.860 fact that she

00:47:07.500 appears to be

00:47:08.100 drunk in public on

00:47:09.440 a regular basis.

00:47:10.340 Nobody's even

00:47:12.300 questioning that

00:47:12.960 that's true.

00:47:14.560 I mean, 75% of

00:47:15.780 you are perfectly

00:47:16.800 willing to say

00:47:17.480 that's what it

00:47:18.000 looks like.

00:47:18.900 Now, we don't

00:47:19.400 know.

00:47:20.660 If I said, I

00:47:21.700 know she's

00:47:22.240 inebriated, that

00:47:22.900 would be too

00:47:23.300 far.

00:47:24.300 I'm saying she

00:47:24.980 acts exactly like

00:47:26.060 somebody who's

00:47:26.620 inebriated.

00:47:27.940 So it doesn't

00:47:28.800 even matter if

00:47:29.340 she's not.

00:47:30.580 Do you want a

00:47:31.080 vice president who

00:47:31.860 acts like a 0.98

00:47:32.540 drunk when she's 0.91

00:47:33.260 not?

00:47:34.120 That's not

00:47:34.800 better.

00:47:36.000 That's not an

00:47:36.600 upgrade.

00:47:36.980 So we have

00:47:39.080 the weakest

00:47:39.680 leaders we've

00:47:40.740 ever had, if

00:47:41.460 you look at

00:47:41.820 them as a

00:47:42.220 pair.

00:47:42.840 It's the

00:47:43.400 weakest

00:47:43.660 leadership we've

00:47:44.440 ever had in

00:47:45.600 terms of

00:47:46.020 confidence, at

00:47:47.360 a time when we

00:47:47.920 need confidence.

00:47:49.600 Now, is it

00:47:50.220 my imagination,

00:47:52.320 or has

00:47:53.380 absolutely

00:47:54.040 everything in

00:47:54.760 the country

00:47:55.120 gotten worse

00:47:55.840 since Biden

00:47:56.800 took over?

00:47:59.240 Am I

00:47:59.780 imagining that?

00:48:01.080 So we're in

00:48:02.120 a war,

00:48:03.860 inflation is

00:48:04.800 through the

00:48:05.080 roof.

00:48:05.660 Inflation would

00:48:06.380 have been bad

00:48:06.920 under Trump.

00:48:08.240 You know

00:48:08.580 that, right?

00:48:09.440 We still

00:48:10.000 would have

00:48:10.220 had inflation

00:48:10.940 because we

00:48:11.580 spent a lot.

00:48:13.000 But I don't

00:48:14.380 think it would

00:48:14.800 have been as

00:48:15.520 high.

00:48:16.800 Like, I think

00:48:17.300 he would have

00:48:17.760 been at least

00:48:19.320 putting his foot

00:48:20.040 on it a little

00:48:20.520 bit harder.

00:48:21.480 I don't know

00:48:21.880 if it would

00:48:22.140 have made a

00:48:22.460 difference.

00:48:23.380 But we can

00:48:23.900 certainly say it

00:48:24.500 hasn't gone

00:48:24.940 well under

00:48:25.520 Biden.

00:48:26.160 I think we

00:48:26.660 have more

00:48:26.980 racial division.

00:48:28.840 We didn't

00:48:29.420 have bank

00:48:29.900 scares under

00:48:30.500 Trump.

00:48:31.840 I remember

00:48:32.560 a time when

00:48:33.020 movies and

00:48:33.580 TV were

00:48:34.100 watchable.

00:48:35.460 Do you

00:48:35.620 remember when

00:48:36.040 movies and

00:48:36.580 TV were

00:48:37.060 watchable?

00:48:37.820 And now

00:48:38.180 they really

00:48:38.520 aren't.

00:48:42.400 And then

00:48:43.000 as Kevin

00:48:43.600 O'Leary

00:48:43.900 says that

00:48:44.620 states, the

00:48:45.880 blue states

00:48:46.360 have made

00:48:46.720 business just

00:48:47.860 uninvestable.

00:48:48.840 The states

00:48:49.160 are uninvestable.

00:48:50.140 Those are

00:48:50.580 really big

00:48:51.220 things.

00:48:52.780 Those are

00:48:53.200 really big

00:48:53.720 things.

00:48:54.380 And I

00:48:54.680 don't know

00:48:55.240 that they

00:48:56.700 would be

00:48:57.020 worse under

00:48:57.480 Trump.

00:48:58.860 What do

00:48:59.220 you think?

00:49:00.780 Do you

00:49:01.320 think a

00:49:01.700 Trump

00:49:02.020 government

00:49:02.620 would have

00:49:03.280 saved any

00:49:04.980 of these

00:49:05.200 problems?

00:49:06.460 Or maybe

00:49:07.120 at least

00:49:07.460 the Ukraine

00:49:07.960 war?

00:49:09.500 He wouldn't

00:49:10.080 change movies.

00:49:12.760 So maybe

00:49:13.660 I feel like

00:49:14.920 the country

00:49:15.340 is an 0.82

00:49:15.780 alcoholic

00:49:16.260 and it's

00:49:17.820 been drinking

00:49:18.580 the CRT

00:49:19.680 and the ESG

00:49:20.640 and the DEI

00:49:21.620 juice and

00:49:23.520 now it's

00:49:24.080 just drunken 0.99

00:49:24.880 and incompetent. 0.99

00:49:26.680 It just 0.99

00:49:27.060 drank all the

00:49:27.980 social media

00:49:28.520 juice.

00:49:28.940 All right,

00:49:30.680 here's a

00:49:31.220 little anecdote.

00:49:33.520 I want to

00:49:33.840 see if

00:49:34.100 anybody can

00:49:34.840 back up

00:49:35.860 this anecdote.

00:49:38.120 So yesterday

00:49:39.680 I talked to

00:49:40.520 a young

00:49:40.800 person,

00:49:42.000 17-year-old

00:49:42.780 family member,

00:49:44.540 and the

00:49:45.440 family member

00:49:45.920 said that

00:49:48.580 she had

00:49:49.140 deleted her

00:49:50.620 social media

00:49:51.280 accounts just

00:49:52.900 to see if

00:49:53.340 she'd feel

00:49:53.720 better.

00:49:55.340 In one

00:49:56.380 day of

00:49:57.180 no social

00:49:57.700 media,

00:49:58.940 she reported

00:49:59.740 an immense

00:50:00.560 change in

00:50:01.460 her mood

00:50:02.260 and her

00:50:03.720 enjoyment of

00:50:04.280 life.

00:50:05.780 And she

00:50:06.320 said,

00:50:06.700 I was so

00:50:07.060 productive

00:50:07.440 today,

00:50:08.640 did a whole

00:50:09.120 bunch of

00:50:09.460 things that

00:50:09.940 she wanted

00:50:10.220 to get

00:50:10.700 taken care

00:50:11.260 of,

00:50:11.600 school and

00:50:12.600 other things,

00:50:13.800 and felt

00:50:14.300 really good.

00:50:15.020 It was like,

00:50:15.280 wow, so

00:50:15.720 productive.

00:50:17.320 And those

00:50:17.820 days normally

00:50:18.460 would have

00:50:18.760 been sitting

00:50:20.680 in one

00:50:21.140 place,

00:50:22.820 or maybe

00:50:23.420 walking or

00:50:23.980 something,

00:50:24.280 but just

00:50:24.580 scrolling.

00:50:25.820 Like that

00:50:26.160 would be a

00:50:26.500 normal weekend

00:50:27.100 day,

00:50:27.440 would just be

00:50:27.920 scrolling.

00:50:29.800 And maybe

00:50:30.460 you see

00:50:31.120 some people.

00:50:32.380 And by

00:50:32.980 getting rid

00:50:33.440 of her

00:50:33.660 social media,

00:50:34.920 she couldn't

00:50:35.440 stop talking

00:50:36.020 about how

00:50:36.480 free her 0.72

00:50:37.980 brain was.

00:50:39.880 Now, has

00:50:40.640 anybody done

00:50:41.160 that?

00:50:42.440 Has anybody

00:50:43.000 tried that?

00:50:44.360 I guess you

00:50:45.140 wouldn't be

00:50:45.500 here if you

00:50:45.920 had.

00:50:47.080 But do you

00:50:47.480 know anybody

00:50:47.900 who's tried

00:50:48.440 it?

00:50:49.460 Do you know

00:50:50.240 any teens

00:50:50.700 who have

00:50:51.020 gone cold

00:50:51.660 turkey on

00:50:52.160 social media?

00:50:53.560 Because I'm

00:50:54.140 wondering if

00:50:54.640 that needs to

00:50:55.740 start as a

00:50:56.400 trend.

00:50:56.680 I don't

00:50:57.860 know how

00:50:58.100 you start

00:50:58.460 a trend,

00:50:59.360 because if

00:50:59.860 it's not

00:51:00.220 a trend

00:51:00.600 that's on

00:51:01.100 social media,

00:51:01.860 they'll never

00:51:02.200 see it,

00:51:02.620 right?

00:51:03.300 But I

00:51:03.820 feel as if

00:51:04.440 in the same

00:51:05.600 way that

00:51:06.180 the so-called

00:51:07.620 pure bloods

00:51:08.420 were happy

00:51:08.780 they didn't

00:51:09.160 get vaccinated,

00:51:10.700 I wonder

00:51:11.120 if there's

00:51:11.420 going to be

00:51:11.660 a time when

00:51:12.300 the non-social

00:51:13.900 media users

00:51:14.760 look like

00:51:15.340 the best

00:51:15.960 ones to

00:51:17.820 date.

00:51:19.160 I wonder

00:51:19.800 if you'll

00:51:20.140 look more

00:51:20.600 attractive if

00:51:21.340 you're not

00:51:21.700 using social

00:51:22.360 media after

00:51:23.180 a certain

00:51:23.780 amount of

00:51:24.120 time.

00:51:24.320 Imagine

00:51:25.740 you're

00:51:26.040 looking for

00:51:26.500 let's say

00:51:27.920 you're a

00:51:28.500 teenage girl

00:51:29.320 and you're

00:51:29.540 looking for

00:51:29.860 a boyfriend.

00:51:31.120 You've got

00:51:31.420 two choices

00:51:32.000 and you

00:51:32.320 like them

00:51:32.640 both.

00:51:33.500 One

00:51:33.940 boyfriend

00:51:34.340 lives on

00:51:34.940 social media.

00:51:36.220 The other

00:51:36.820 one deleted

00:51:37.580 all social

00:51:38.120 media.

00:51:39.180 Which one's

00:51:39.680 going to

00:51:39.900 cheat on

00:51:40.240 you?

00:51:42.440 Right?

00:51:43.100 Which one's

00:51:43.520 going to

00:51:43.740 cheat on

00:51:44.040 you?

00:51:44.760 The one

00:51:45.340 that has

00:51:45.640 no social

00:51:46.140 media or

00:51:46.560 the one

00:51:46.820 that uses

00:51:47.580 it constantly?

00:51:48.780 It's easy.

00:51:50.500 Yeah.

00:51:50.740 All things

00:51:51.320 being equal,

00:51:51.880 the person

00:51:52.740 with no

00:51:53.120 social media

00:51:53.680 is the

00:51:54.600 star.

00:51:55.500 Now suppose

00:51:55.980 you think

00:51:56.360 things might

00:51:56.880 someday go

00:51:57.460 wrong.

00:51:58.720 Might someday

00:51:59.240 go wrong

00:51:59.840 and then

00:52:00.340 the person

00:52:01.400 you broke

00:52:01.800 up with

00:52:02.220 is still

00:52:02.580 on social

00:52:03.060 media.

00:52:04.200 What kind

00:52:04.680 of BS

00:52:05.580 do they

00:52:05.900 post?

00:52:06.800 Well,

00:52:07.140 it might

00:52:07.380 not be

00:52:07.700 good for

00:52:08.020 you.

00:52:08.980 That's a

00:52:09.420 downside.

00:52:10.160 But the

00:52:10.540 person who

00:52:10.880 has no

00:52:11.240 social media

00:52:11.820 is not

00:52:12.160 going to

00:52:12.340 post anything

00:52:12.880 on social

00:52:13.300 media.

00:52:14.720 Do you

00:52:15.040 think

00:52:15.280 if you're

00:52:16.940 dating somebody

00:52:17.480 and they

00:52:17.740 see something

00:52:18.220 on social

00:52:18.660 media that

00:52:19.640 maybe you

00:52:20.180 should be

00:52:20.480 doing?

00:52:21.880 How about

00:52:22.320 that?

00:52:23.200 You know,

00:52:23.740 all these

00:52:24.200 girls on 0.53

00:52:24.900 social media,

00:52:25.880 I see

00:52:26.480 they're doing

00:52:26.940 XYZ and

00:52:27.900 I really

00:52:28.260 like that.

00:52:29.900 And then

00:52:30.580 your girlfriend

00:52:31.240 is like,

00:52:31.960 uh,

00:52:32.420 what?

00:52:33.440 Yeah,

00:52:33.760 they're all

00:52:34.140 doing this

00:52:34.940 thing,

00:52:35.640 a certain

00:52:35.960 kind of

00:52:36.240 makeup or

00:52:36.980 whatever.

00:52:37.760 Yeah,

00:52:37.860 you should

00:52:38.120 do that.

00:52:39.560 That doesn't

00:52:40.320 work.

00:52:41.640 That's not

00:52:42.280 a good

00:52:42.600 relationship

00:52:43.200 sort of

00:52:44.000 thing.

00:52:44.540 I saw

00:52:44.980 something on

00:52:45.500 social media,

00:52:46.220 you should

00:52:46.480 be more

00:52:46.780 like that.

00:52:47.800 That actually

00:52:48.440 happens.

00:52:49.740 But somebody

00:52:50.220 who doesn't

00:52:50.620 have social

00:52:51.060 media is

00:52:51.540 just going

00:52:51.880 to say,

00:52:52.420 I like

00:52:52.860 you.

00:52:54.160 I like

00:52:54.640 you.

00:52:55.240 That's

00:52:55.500 about it.

00:52:57.040 So I

00:52:58.360 do think

00:52:58.900 that there's

00:52:59.320 a possibility,

00:53:00.740 because everything

00:53:01.400 goes too far

00:53:02.440 before it

00:53:02.940 comes back,

00:53:03.880 the social

00:53:04.300 media may

00:53:04.820 have reached

00:53:05.200 a point

00:53:05.620 where it's

00:53:06.480 just obviously

00:53:07.220 affecting your

00:53:07.940 mental health

00:53:08.560 and that the

00:53:10.240 smarter young

00:53:10.860 people are

00:53:11.260 just going to

00:53:11.680 ditch it.

00:53:12.120 or maybe

00:53:14.900 take time

00:53:15.540 off from

00:53:15.980 it.

00:53:17.080 It might

00:53:17.420 be like

00:53:17.820 a social

00:53:18.280 media

00:53:18.560 diet,

00:53:19.780 like only

00:53:20.260 look at

00:53:20.700 it for

00:53:20.980 an hour

00:53:22.100 a day

00:53:22.440 or something,

00:53:23.120 because you

00:53:23.600 can't really

00:53:23.980 live without

00:53:24.480 it in the

00:53:25.420 modern world,

00:53:26.020 it seems.

00:53:26.640 I don't think

00:53:27.200 I could,

00:53:28.280 but I could

00:53:28.920 figure out a

00:53:29.440 way to not

00:53:29.840 look at it.

00:53:31.200 You know,

00:53:31.520 it's weird

00:53:31.960 when my

00:53:33.780 little scandal

00:53:34.560 broke.

00:53:35.980 I'm sure

00:53:36.340 you're all

00:53:36.660 aware of it.

00:53:38.000 When my

00:53:38.640 scandal broke,

00:53:39.280 all I had

00:53:39.640 to do was

00:53:40.040 not look at

00:53:40.560 social media

00:53:41.160 and I

00:53:41.440 felt fine.

00:53:42.980 Did you

00:53:43.520 know that?

00:53:44.720 If I just

00:53:45.740 lived in my

00:53:46.360 house and

00:53:47.760 didn't check

00:53:48.320 my phone or

00:53:49.280 didn't look at

00:53:49.760 any articles

00:53:50.220 about me,

00:53:51.300 it didn't

00:53:51.920 bother me

00:53:52.300 at all.

00:53:53.780 It didn't

00:53:54.340 bother me

00:53:54.660 at all.

00:53:55.580 But social

00:53:56.200 media created

00:53:56.840 this whole

00:53:57.380 artificial world

00:53:58.860 that if I

00:54:00.140 had entered

00:54:00.620 it, I

00:54:01.580 probably would

00:54:02.100 have felt

00:54:02.360 bad, because

00:54:04.060 there was

00:54:04.260 this whole

00:54:04.740 ugly bubble

00:54:05.840 that started 0.91

00:54:06.340 and I just

00:54:06.720 said, well,

00:54:07.120 I just won't

00:54:07.600 get in there.

00:54:08.760 So there

00:54:09.080 are a whole

00:54:09.240 bunch of

00:54:09.620 notable

00:54:10.560 people who

00:54:10.960 wrote nasty

00:54:12.060 articles about

00:54:13.000 me.

00:54:14.440 Didn't see

00:54:14.880 them.

00:54:16.060 I mean, I

00:54:16.360 saw some

00:54:16.700 headlines

00:54:17.040 sometimes,

00:54:17.600 not interested.

00:54:21.080 So, that's

00:54:24.240 where we're

00:54:24.580 at.

00:54:25.720 Let's talk

00:54:26.120 about Pete

00:54:26.640 Buttigieg.

00:54:29.800 Rasmussen

00:54:30.280 Pohl says,

00:54:31.680 what percent,

00:54:33.920 half of the

00:54:34.380 country or

00:54:35.120 something doesn't

00:54:35.680 want him,

00:54:36.740 thinks he

00:54:37.160 should resign

00:54:37.760 because of

00:54:38.300 the East

00:54:39.260 Palestine

00:54:39.780 situation.

00:54:41.220 Here's my

00:54:41.740 problem with

00:54:42.340 Pete Buttigieg.

00:54:44.920 I've always

00:54:45.620 liked him for

00:54:46.140 being smart

00:54:46.860 and for

00:54:48.520 having a

00:54:49.320 consultant

00:54:49.760 background,

00:54:50.860 because it

00:54:51.520 means he

00:54:51.880 can at least

00:54:52.240 understand

00:54:52.940 complicated

00:54:53.920 stuff and

00:54:55.300 can figure out

00:54:55.980 solutions,

00:54:56.800 maybe.

00:54:58.220 But the

00:55:00.860 East Palestine

00:55:01.620 situation really

00:55:03.460 showed his

00:55:04.140 biggest weakness.

00:55:04.940 his biggest

00:55:06.560 weakness is he

00:55:07.960 doesn't seem

00:55:08.700 like he has

00:55:09.140 a heart.

00:55:10.300 Of course he

00:55:11.040 does, but in

00:55:12.300 terms of a

00:55:13.120 leadership vibe,

00:55:15.800 Trump showed

00:55:16.980 that he cared

00:55:17.600 and people

00:55:18.860 believed it.

00:55:20.500 Would you

00:55:21.180 agree?

00:55:22.540 Trump showed

00:55:23.440 empathy by

00:55:25.140 showing up.

00:55:26.240 Showing up is,

00:55:27.720 as you know,

00:55:28.380 in relationships

00:55:29.020 and in work,

00:55:30.400 showing up can

00:55:32.620 be 80% of the

00:55:33.660 solution.

00:55:34.040 or 80% of

00:55:35.700 the message.

00:55:36.720 The message.

00:55:38.000 So showing up

00:55:38.660 is big.

00:55:40.600 But Pete has

00:55:41.400 this problem.

00:55:41.980 He's a little

00:55:42.560 academic and

00:55:44.400 intellectual and

00:55:45.360 a little bit

00:55:46.360 too much of a

00:55:46.920 consultant.

00:55:48.000 I never once

00:55:48.780 felt that Pete

00:55:50.900 Buttigieg cared

00:55:52.300 too much.

00:55:53.760 Did you?

00:55:55.320 Like, I just

00:55:56.000 didn't feel like

00:55:56.480 he cared.

00:55:57.360 And when he

00:55:57.980 said, you have

00:55:58.640 to understand

00:55:59.200 that there are

00:55:59.700 all kinds of

00:56:00.440 train derailments

00:56:01.280 all the time,

00:56:01.880 then I really

00:56:03.280 didn't think he

00:56:03.900 cared.

00:56:04.840 But he does.

00:56:05.980 Right?

00:56:06.340 So I'm not

00:56:06.800 mind reading.

00:56:08.400 I'm saying that

00:56:09.020 a leader needs

00:56:09.720 to project

00:56:10.620 empathy,

00:56:11.980 not just

00:56:12.440 have it.

00:56:13.420 He probably

00:56:13.900 has it.

00:56:14.740 I'm not saying

00:56:15.320 he's like a

00:56:15.980 heartless robot.

00:56:16.740 but not

00:56:18.360 everybody can

00:56:19.000 project it.

00:56:20.500 And this was

00:56:20.900 one of those

00:56:21.300 situations where

00:56:22.080 the people needed

00:56:22.820 to know that

00:56:24.200 the people in

00:56:24.780 charge cared.

00:56:26.880 Biden didn't

00:56:27.380 show up.

00:56:27.920 It looks like he

00:56:28.480 didn't care.

00:56:29.420 Buttigieg talked

00:56:30.280 about it like a

00:56:30.920 consultant, which

00:56:32.660 makes you think he

00:56:33.420 doesn't care.

00:56:35.140 Trump showed

00:56:35.860 up.

00:56:38.060 Totally

00:56:38.580 unambiguous.

00:56:40.320 What Trump

00:56:40.900 did left no

00:56:42.200 doubt about what

00:56:44.780 he was trying to

00:56:45.360 communicate.

00:56:45.760 Again, we don't

00:56:46.900 know what's in

00:56:47.340 his heart or

00:56:48.100 his mind, but

00:56:49.100 what he

00:56:49.360 communicated was

00:56:50.200 crystal clear.

00:56:51.980 Crystal clear.

00:56:52.760 I'm going to

00:56:53.040 put my time

00:56:53.720 into this and

00:56:54.800 my money, too.

00:56:56.640 So, yeah, you

00:56:59.420 don't usually

00:56:59.940 think the

00:57:00.380 Secretary of

00:57:01.000 Transportation

00:57:01.480 needs to be a

00:57:02.300 leader, more

00:57:03.840 than a wonk.

00:57:06.880 But there may

00:57:08.380 be more and

00:57:08.900 more situations,

00:57:09.860 especially with

00:57:11.140 any kind of

00:57:13.260 transportation by

00:57:14.140 air or self-driving

00:57:15.600 cars.

00:57:16.580 We have a whole

00:57:17.360 bunch of

00:57:17.960 transportation-related

00:57:19.940 things in the

00:57:21.160 pipeline, the

00:57:22.940 self-driving cars

00:57:23.700 being the biggest

00:57:24.240 one, I think, that

00:57:25.600 you're really going to

00:57:26.260 need some leadership

00:57:26.900 from the

00:57:27.380 transportation area.

00:57:28.880 So I do think he's

00:57:29.760 the wrong person.

00:57:31.580 Now, I don't know if

00:57:32.540 he should resign, but

00:57:33.900 I think we actually

00:57:35.480 need a leader who

00:57:37.240 can convey the

00:57:39.120 emotions and empathy

00:57:40.180 of leadership.

00:57:41.020 leadership, and I

00:57:41.960 don't think he has

00:57:42.580 that gear.

00:57:43.940 I think he's a

00:57:44.700 smart guy, probably,

00:57:45.960 I think he cares, I

00:57:47.840 assume so.

00:57:49.440 He just doesn't

00:57:50.380 project leadership, and

00:57:51.720 I don't think we can

00:57:52.620 do without it.

00:57:54.120 I don't think we can

00:57:54.880 do without leadership

00:57:55.840 from his department,

00:57:57.820 and maybe before we

00:57:58.880 could.

00:57:59.980 Maybe before we

00:58:00.840 could.

00:58:02.000 I do say things

00:58:03.080 twice sometimes.

00:58:04.960 Somebody pointed it

00:58:05.880 out recently.

00:58:06.400 I didn't notice it

00:58:07.380 until somebody

00:58:07.760 pointed it out.

00:58:09.840 Well, I'll be

00:58:10.540 talking to Larry

00:58:11.860 Elder.

00:58:13.360 I think on Thursday

00:58:14.360 I'm going to talk

00:58:14.860 to him, and maybe

00:58:15.660 it airs the next

00:58:16.920 day.

00:58:17.220 It'll be recorded.

00:58:20.000 And he retweeted

00:58:21.820 my video in which

00:58:23.760 I reframed race 0.94

00:58:25.560 relations, or the

00:58:27.440 race, let's say, 0.66

00:58:28.840 topic.

00:58:31.560 I'll give you the

00:58:32.580 quick view if you

00:58:33.660 want to find the

00:58:34.880 video.

00:58:35.280 It's in my Twitter

00:58:37.240 feed.

00:58:38.200 And it's a quick

00:58:38.860 little micro lesson

00:58:39.740 in which I compared

00:58:40.920 the concepts of race

00:58:44.620 that we're most

00:58:45.360 focusing on, from

00:58:47.240 CRT to reparations

00:58:49.180 to grievances,

00:58:51.560 et cetera.

00:58:52.380 And then I compared

00:58:53.300 that to all the best

00:58:54.300 practices in self-

00:58:56.920 development or

00:58:58.260 success.

00:58:59.640 And you find out

00:59:00.380 that focusing on

00:59:01.740 the race frame is

00:59:04.240 in direct conflict

00:59:05.320 with all the things

00:59:06.600 that are best

00:59:07.080 practices for your

00:59:08.100 own best life.

00:59:10.380 Best example is

00:59:12.140 that people who

00:59:13.180 teach success tell

00:59:15.880 you that you should

00:59:16.480 have gratitude about

00:59:18.360 whatever is working

00:59:19.080 out.

00:59:19.700 And that gratitude

00:59:20.760 will inspire you and

00:59:22.660 lift you to work

00:59:23.720 harder for the future.

00:59:25.500 So it turns out that

00:59:26.800 gratitude, about the

00:59:28.280 current situation at

00:59:29.800 least, gives you

00:59:31.460 extra energy for

00:59:32.820 doing stuff in the

00:59:33.540 future.

00:59:34.540 Whereas I pointed

00:59:35.640 out that if you're

00:59:36.840 studying slavery in

00:59:38.960 the past and

00:59:39.680 discrimination in the

00:59:40.600 past, how could you

00:59:41.840 possibly have any

00:59:42.840 gratitude for that?

00:59:44.500 It's impossible.

00:59:46.960 And so one of the

00:59:47.780 main tools of success

00:59:49.260 is being removed from 0.98

00:59:51.760 black Americans through 0.97

00:59:53.900 a system that tells 0.57

00:59:55.560 them they should be

00:59:56.100 focused on the

00:59:57.320 grievances of the

00:59:58.160 past, which are real

00:59:59.800 and should not be

01:00:00.660 forgotten and should

01:00:02.100 be taught.

01:00:03.500 But if everything

01:00:05.800 stayed the way it is,

01:00:07.520 black America should 0.98

01:00:08.600 fall behind farther. 0.92

01:00:10.780 Does that make sense?

01:00:11.820 We've developed a

01:00:12.880 system where we're

01:00:14.140 training black 0.96

01:00:14.780 Americans to do all 1.00

01:00:15.940 the wrong things for

01:00:16.980 personal success.

01:00:18.480 Focus on the past.

01:00:20.160 Work on your

01:00:20.740 grievances.

01:00:22.140 Get your reparations.

01:00:23.200 Don't do things for

01:00:24.560 other people.

01:00:25.560 They owe you.

01:00:26.640 Why should you do

01:00:27.220 anything for them?

01:00:28.140 They owe you.

01:00:29.360 And how about teaching 0.94

01:00:30.980 black people that being 0.98

01:00:32.060 openly racist is fine? 0.98

01:00:34.860 Do you realize we did

01:00:36.020 that?

01:00:37.600 That not we, but the

01:00:39.400 culture?

01:00:40.160 The culture taught

01:00:41.140 black Americans they 0.98

01:00:42.100 can be openly racist 1.00

01:00:43.380 against white people

01:00:44.680 than anybody else.

01:00:45.880 And they get a free

01:00:46.740 pass.

01:00:48.300 Now, I don't mind that

01:00:49.460 they have feelings.

01:00:50.300 But if you're doing it

01:00:52.540 openly, you're working

01:00:53.520 against your own

01:00:54.880 success strategy.

01:00:56.580 You've probably seen

01:00:57.600 on social media, you

01:00:58.980 know, there are way

01:00:59.660 too many of them, some

01:01:00.840 video that went viral of

01:01:02.520 some black American 0.69

01:01:03.980 complaining about white 0.97

01:01:05.480 people.

01:01:06.740 Now, suppose the

01:01:07.700 complaint is completely

01:01:09.020 accurate.

01:01:10.380 That's not my point.

01:01:12.040 My point is, I would

01:01:13.220 never hire that person.

01:01:14.640 Would you?

01:01:15.080 It has nothing to do

01:01:17.280 with anything except

01:01:18.900 having the wrong

01:01:19.640 mindset for success.

01:01:21.360 I would definitely hire

01:01:22.400 somebody who said, all

01:01:23.940 the problems of the

01:01:24.760 past are exactly what

01:01:25.960 they look like.

01:01:27.420 That would just be an

01:01:28.580 accurate, objective

01:01:30.080 view.

01:01:30.800 But if that's what you're

01:01:31.720 leading with, like

01:01:33.260 today, you're leading

01:01:35.200 with your grievance, if

01:01:37.060 your grievance is what

01:01:38.040 you're tweeting, I don't

01:01:40.060 want to work with you.

01:01:41.220 It has nothing to do

01:01:41.980 with your race.

01:01:42.980 It has to do with

01:01:43.660 being infected with 0.99

01:01:45.320 a loser philosophy. 0.99

01:01:48.080 The only people who

01:01:49.240 win with this

01:01:50.580 backwards-looking ESG

01:01:52.200 CRT stuff is the

01:01:54.120 people who are

01:01:54.540 signaling their

01:01:55.600 awesomeness.

01:01:57.180 You know, hey, I'm

01:01:57.760 signaling my

01:01:58.340 awesomeness.

01:01:59.040 And the people who

01:01:59.740 make money selling

01:02:00.520 those courses.

01:02:01.760 That's it.

01:02:02.760 Everybody else is 1.00

01:02:03.600 just bullshit. 1.00

01:02:04.700 And nobody wants 1.00

01:02:05.480 it.

01:02:06.860 That's an exaggeration.

01:02:08.340 I'm sure there are

01:02:08.780 people who want it.

01:02:11.560 So, when I talked

01:02:13.260 to Larry, given that

01:02:14.900 he tweeted that

01:02:15.660 video, he must have

01:02:16.760 at least some

01:02:18.500 compatible thoughts

01:02:20.580 with it.

01:02:20.920 We'll find out how

01:02:21.560 compatible.

01:02:23.080 And the good news

01:02:25.620 is maybe we could

01:02:27.880 at least get the

01:02:30.940 message to some

01:02:31.860 people in black

01:02:33.880 America and

01:02:34.440 everywhere else that

01:02:35.520 if you're working on

01:02:36.160 your personal success,

01:02:38.080 the tools of personal

01:02:39.160 success are very

01:02:40.180 accessible.

01:02:40.640 It doesn't take

01:02:43.040 you don't have to

01:02:44.080 take a college

01:02:44.760 course to learn

01:02:46.500 that if you act

01:02:47.620 with more gratitude

01:02:49.320 you'll have better

01:02:50.880 results.

01:02:51.840 That doesn't require

01:02:52.580 college.

01:02:53.500 If I tell you

01:02:54.300 have a good

01:02:55.780 positive, optimistic

01:02:57.920 frame of what is

01:02:59.320 going to happen,

01:03:00.260 you don't have to go

01:03:00.960 to college to

01:03:01.580 understand that.

01:03:02.920 It's all just

01:03:03.600 available to

01:03:04.140 everybody.

01:03:04.960 If I told you that

01:03:05.940 continuously adding

01:03:07.740 talents to your

01:03:08.860 existing talents is

01:03:10.540 absolutely going to

01:03:11.840 help you in life, do

01:03:13.720 you need to be

01:03:14.380 college educated to

01:03:16.040 understand that?

01:03:17.140 No.

01:03:17.960 Everybody can learn

01:03:18.840 stuff.

01:03:19.720 Everybody can

01:03:20.200 understand that some

01:03:21.100 kinds of skills work

01:03:22.080 well together to make

01:03:23.540 you more valuable.

01:03:24.860 So the thing that

01:03:25.880 bugs me the most is

01:03:27.960 that the basic tools

01:03:30.680 for success, everybody

01:03:32.160 who succeeded used

01:03:33.240 the same tools.

01:03:33.960 And it's not being

01:03:36.160 taught to black 0.95

01:03:37.060 Americans. 0.98

01:03:38.420 Instead, they're being

01:03:39.680 taught anti-success.

01:03:42.100 How to not be

01:03:43.240 successful.

01:03:44.600 It's not presented

01:03:45.520 that way, but it's

01:03:46.920 very cleanly and

01:03:48.960 clearly a way to

01:03:50.680 keep them second

01:03:52.020 class citizens.

01:03:54.320 Because they just

01:03:55.180 won't be doing the

01:03:56.180 stuff that works.

01:03:57.480 And the stuff that

01:03:58.220 works is denied to

01:03:59.900 them by people who

01:04:03.240 may, I don't think

01:04:04.300 anybody intends it,

01:04:05.560 but that's the way

01:04:06.140 it's worked out.

01:04:09.840 Boomer, somebody

01:04:10.560 says.

01:04:11.620 How does that, how

01:04:13.020 does that make sense?

01:04:14.560 What does a boomer 0.97

01:04:15.320 have to do with

01:04:15.820 these?

01:04:19.020 Does Khan Academy

01:04:20.240 deny them?

01:04:21.460 See, the thing with

01:04:22.400 Khan Academy is you

01:04:23.680 would have to know

01:04:24.300 that's a good idea.

01:04:25.940 And you'd have to

01:04:26.500 know it exists.

01:04:27.840 But there are not

01:04:28.840 many people who can

01:04:29.880 self, you know, learn

01:04:31.840 on their own from a

01:04:32.840 video.

01:04:33.820 It's pretty hard to

01:04:34.540 do.

01:04:35.560 So as much as I love

01:04:37.980 Khan Academy, I feel

01:04:39.700 it's better for people

01:04:40.680 who already have some

01:04:41.660 kind of education and

01:04:43.400 they're trying to fill in

01:04:44.420 some spots or they're

01:04:45.860 trying to augment their

01:04:46.880 schooling.

01:04:50.980 What's the incentive if

01:04:52.200 the government is giving

01:04:53.200 you things?

01:04:54.380 Well, does that question

01:04:57.040 make sense?

01:04:58.540 What's the incentive if

01:04:59.900 the government is giving

01:05:00.800 you things?

01:05:01.280 The government would

01:05:03.000 give me things if I

01:05:04.320 were poor.

01:05:05.420 Do you think that I

01:05:06.460 would prefer that over

01:05:07.840 success?

01:05:10.100 Who in the world

01:05:11.080 prefers getting stuff

01:05:12.440 free from the government

01:05:13.340 versus being rich or

01:05:16.500 being well-off?

01:05:19.660 You think some do?

01:05:21.320 I think some do.

01:05:23.140 You know, I mean, it's a

01:05:24.020 big world, so there's

01:05:25.040 always somebody who does

01:05:25.900 anything.

01:05:26.200 But I've got a feeling

01:05:27.780 that that has more to do

01:05:28.860 with knowing what's

01:05:30.240 possible.

01:05:32.180 Suppose you took just an

01:05:33.680 average person, doesn't

01:05:34.560 matter what ethnicity, you

01:05:36.260 say to this person, here's

01:05:37.420 the deal.

01:05:38.380 If you don't work, we'll

01:05:39.800 give you some social

01:05:40.640 services.

01:05:41.700 You can live in squalor,

01:05:43.120 but you won't have to

01:05:43.900 work.

01:05:45.140 At least you don't have to

01:05:45.880 work.

01:05:47.420 Some people would take

01:05:48.420 that.

01:05:49.460 But if the alternative is,

01:05:50.760 look, you can live in

01:05:52.000 squalor, but here's some

01:05:53.820 set of tools and

01:05:55.040 techniques that if you

01:05:56.320 did these things, pretty

01:05:57.820 much guaranteed to get

01:05:59.020 out of this squalor.

01:06:02.580 Now do you do it?

01:06:04.260 Now suppose I say to

01:06:05.280 you, the government will

01:06:06.060 take care of you, but

01:06:07.000 you have to live in

01:06:07.620 squalor.

01:06:08.520 The alternative is to

01:06:10.320 try to make it the way 0.97

01:06:11.260 white people do. 0.97

01:06:12.720 I'm speaking the worst 0.99

01:06:14.400 possible way.

01:06:15.620 And it's not available

01:06:18.300 to you because of

01:06:19.160 systemic racism.

01:06:21.480 So you have a choice of

01:06:22.700 the free stuff, and you

01:06:24.080 don't have to work, but

01:06:24.900 you live in squalor, or

01:06:26.420 you can work really

01:06:27.220 hard, but the system is

01:06:28.840 just so biased against

01:06:29.960 you, it won't help you

01:06:31.000 at all.

01:06:32.740 Right?

01:06:33.820 So I get, you know, I

01:06:37.100 agree with the point that

01:06:38.020 some people can't be

01:06:38.920 helped.

01:06:40.720 But I don't believe that's

01:06:42.200 that describes an entire

01:06:44.100 class of people.

01:06:45.800 That would be crazy.

01:06:47.720 You know, everything's

01:06:48.400 about more of the good

01:06:49.800 stuff and less of the bad

01:06:50.820 stuff.

01:06:51.220 There are no absolutes.

01:06:52.160 But there's no way in

01:06:53.540 the world that black 1.00

01:06:55.120 America would fall 0.96

01:06:56.360 behind if they used the

01:06:58.980 tools for individual

01:07:00.100 success.

01:07:02.780 There would be just a

01:07:04.120 huge difference in how

01:07:05.380 everything is turning

01:07:06.180 out.

01:07:08.160 Yeah.

01:07:09.220 And like I said before,

01:07:10.360 if I sniff, if I meet a

01:07:12.600 new person, and I get

01:07:13.880 even a whiff that they're

01:07:15.960 living in the racism frame,

01:07:17.980 you know, where CRT and

01:07:20.640 that stuff are their main

01:07:22.140 concern, I wouldn't hire

01:07:23.800 anybody like that.

01:07:25.340 Whether they're, it

01:07:26.140 doesn't matter the race. 0.85

01:07:27.460 I wouldn't hire a white 1.00

01:07:28.640 person who said, you know,

01:07:30.580 I only want to work for a 0.52

01:07:31.600 company that has ESG.

01:07:33.980 I wouldn't hire a white 1.00

01:07:35.080 person who said that. 0.59

01:07:36.880 Because they're not focused

01:07:37.960 on what I want, which is

01:07:39.260 profitability.

01:07:40.420 Now, of course, I also want

01:07:41.760 not to pollute.

01:07:43.120 I want to, you know, not add

01:07:44.940 any CO2 that I don't have to.

01:07:46.400 And I want to have access to

01:07:48.480 the entire diverse workforce.

01:07:53.380 But I'm not going to hire

01:07:54.520 somebody with the wrong

01:07:55.400 mindset.

01:07:56.400 So we're talking about

01:07:57.100 mindset, not ethnicity.

01:07:59.700 And if we started talking

01:08:01.080 about mindset, everything

01:08:02.220 would be fixed.

01:08:04.060 Right?

01:08:05.180 Do you think, when I said

01:08:07.060 my hyperbole, do you think

01:08:09.960 I said, I sure would like to 0.99

01:08:11.540 avoid contact with black 1.00

01:08:13.640 people who have a success 0.92

01:08:14.920 mindset?

01:08:16.400 Can you imagine that I

01:08:18.140 would ever think that?

01:08:20.220 No.

01:08:20.960 Anybody who has a success

01:08:22.900 mindset, I want to be your

01:08:25.400 friends with, that I want to

01:08:27.420 be your friend.

01:08:28.300 Nothing else matters.

01:08:30.460 Nothing else matters.

01:08:31.900 I don't care, you know, if

01:08:33.160 you're differently able,

01:08:35.460 different color, different

01:08:36.300 gender.

01:08:36.940 I don't care about any of

01:08:37.620 that.

01:08:38.120 You come to me with a success

01:08:39.780 mindset, best friend.

01:08:42.380 And the trouble is that we've

01:08:46.120 denied one group of Americans,

01:08:49.140 black Americans, somehow the 1.00

01:08:51.980 common useful knowledge that

01:08:54.820 everybody else has, and they've

01:08:56.380 been, you know, biased toward a

01:09:00.320 frame on life that guarantees

01:09:02.140 less success.

01:09:04.040 Guarantees less success.

01:09:05.380 as, as, as Peninsal says, but I'm 1.00

01:09:11.380 still a jerk. 0.99

01:09:13.020 Did I ever deny that? 1.00

01:09:16.060 Did you ever say, did you ever hear

01:09:17.920 me say, well, the one thing I want you

01:09:20.920 to believe is my character is

01:09:23.520 unassailable?

01:09:24.080 I would never say that.

01:09:28.120 I'm pretty self-aware.

01:09:30.660 But you should be self-aware that my,

01:09:34.320 my public persona does not match my

01:09:37.500 personal persona.

01:09:38.940 How many of you knew that?

01:09:41.300 I think the locals people know that.

01:09:43.340 But on YouTube, I'm just asking you, how

01:09:45.420 many of you understand that my public

01:09:48.520 persona is a sort of a heightened

01:09:50.680 character?

01:09:52.180 Like, my actual me, pretty different.

01:09:58.220 Now, I'm not lying in public, right?

01:10:01.480 So the things I say are all the things

01:10:02.960 I really believe.

01:10:04.320 I think.

01:10:05.200 I can't think of any exception.

01:10:06.820 But the things I say in public are my

01:10:08.660 actual beliefs.

01:10:09.900 It's just that I, I ramp them up a

01:10:12.000 little bit to, you know, get the

01:10:13.480 entertainment value.

01:10:15.000 And also to make a message and, you

01:10:17.020 know.

01:10:17.500 And when people got mad that I

01:10:19.560 insulted

01:10:20.800 a group of Americans and they asked

01:10:24.640 me to apologize.

01:10:26.620 And I thought, no, I insulted them to

01:10:29.480 get their attention so that all of us

01:10:32.100 would be better off.

01:10:33.720 Now, the fact that 98% of all the

01:10:36.960 people watching my story don't believe

01:10:38.780 that.

01:10:42.180 Yeah.

01:10:42.660 Well, that's what got me canceled.

01:10:45.700 And I haven't complained about it yet.

01:10:47.560 I don't expect to.

01:10:50.440 So I feel like I'm right where I need

01:10:53.360 to be.

01:10:54.240 And right where I need to be is I'm going

01:10:56.300 to draw a line that says, for something

01:11:00.460 this important, the complete destruction of 0.99

01:11:03.640 black American minds by teaching them 0.98

01:11:06.520 anti-success tools and ignoring the very 0.50

01:11:10.840 available success tools that make anybody

01:11:13.260 successful of any, any type.

01:11:17.080 That's too far.

01:11:18.880 It's too far.

01:11:20.800 And if I have to, like, give up my

01:11:23.080 career to say, like, you're just destroying

01:11:25.980 the whole frickin' country, that would be

01:11:28.420 worth it.

01:11:29.440 I have to admit that my overall feeling is

01:11:32.740 that although I have not penetrated the

01:11:35.320 other bubble, I'm going to keep tapping

01:11:37.300 on it.

01:11:38.580 And, you know, I never give up.

01:11:39.940 So if you don't know anything else about me,

01:11:42.560 I never give up.

01:11:44.340 To my dying breath, I'm going to make this

01:11:47.680 work one way or another.

01:11:49.440 Now, I don't think I can change the world.

01:11:51.740 But I think I can maybe create a subset of

01:11:56.900 people who know that personal success tools

01:12:00.600 are their way out, and then maybe that

01:12:03.320 idea can spread.

01:12:04.900 Other people will see it.

01:12:06.180 Because the thing I can't influence is

01:12:08.000 peer influence.

01:12:10.300 You somehow have to create some peers, if

01:12:12.520 you can, any kind of a foothold, so that

01:12:15.000 then they can influence their peers.

01:12:16.580 But short of that...

01:12:19.580 Until I get one million followers.

01:12:26.900 How many neighbors have I nudged to be

01:12:30.300 rich?

01:12:30.960 Well, I live in a high-end neighborhood

01:12:32.580 now, so they're all doing fine.

01:12:38.200 Elon does not seem anti-CCP enough.

01:12:40.960 Well, he's got a business to run.

01:12:43.520 Yeah.

01:12:44.200 If Musk had no business in China, I think

01:12:47.840 we could be confident his opinion would

01:12:49.640 sound different.

01:12:50.980 But at the moment, he doesn't have options.

01:12:53.780 And I don't think it's the right move to

01:12:57.180 put him out of business.

01:13:00.440 So in the long run, I would hope that he's

01:13:02.520 looking for alternatives.

01:13:04.160 In the short run, it's just a tough situation

01:13:06.600 to be in.

01:13:09.120 Hang on like a bum with a bologna 0.98

01:13:12.340 sandwich. 0.77

01:13:15.060 Hasn't your YouTube channel increased?

01:13:18.020 Yeah, something like that.

01:13:19.220 But, you know, the YouTube channel doesn't...

01:13:22.620 It's not like a big moneymaker.

01:13:25.040 It's sort of like doubling five dollars.

01:13:29.520 At the level that it earns money,

01:13:33.380 a 30% chance doesn't have any impact on my life.

01:13:36.620 Just none.

01:13:39.580 All right.

01:13:40.960 That, ladies and gentlemen,

01:13:43.180 is everything I wanted to say this morning.

01:13:45.840 I'm going to talk to the locals people

01:13:47.400 a little bit more.

01:13:48.820 Has anything happened?

01:13:50.760 Jared Taylor, I don't know who that is.

01:13:55.540 If you're new to me on YouTube

01:13:58.360 and you'd like to hear more ideas

01:14:02.800 for improving the world,

01:14:05.400 you should hit that like and subscribe

01:14:07.540 button on YouTube.

01:14:11.300 Locals people told me I should say that.

01:14:12.900 Punch those like and subscribe buttons.

01:14:17.220 I guess that helps me.

01:14:18.620 All right.

01:14:19.300 Thanks, YouTube.

01:14:20.020 I'll talk to you tomorrow.

01:14:21.560 Thank you.

Real Coffee with Scott Adams - March 13, 2023

Episode 2046 Scott Adams： Banking Prediction, Incompetence, TikTok, Dilbert Reborn Launches Today

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