Episode 2557 CWSA 08⧸05⧸24
Episode Stats
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Summary
R.R.K. Jr. and the dead bear story. And a new kind of water purifier. And the stock market takes a dump. And Japan has some issues. And it's a good one.
Transcript
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Good morning, everybody, and welcome to Coffee with Scott Adams, the highlight of human civilization.
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Well, you're probably saying to yourself, is the world going to disappear?
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We'll get to all the economics and the politics and all that.
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But the most important story of the day, if you haven't heard it, I'm going to call it
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If you haven't seen this on social media yet, go search for RFK Jr. and the Bear.
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I don't want to ruin the whole story, but I'll give you the beginning part, and then I'll
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So the beginning part is that I guess some automobile hit a bear and killed it.
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And RFK Jr. was somehow in the neighborhood and thought, hey, I don't want to waste a completely
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I could have it skinned, and I could use that bear skin for something.
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And by the way, the law of the land allowed him to make bear steaks, and so he could actually
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So he thought, I'm not going to waste this dead bear, so he put it in his car.
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And he had a meeting, and then he had to go to the airport, and his plan to take care of
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the bear in the appropriate way was thwarted by his own schedule.
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And so, being the creative man that he is, he came up with another plan of what to do with
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The only thing I'm going to tell you is that if you start listening to the story, do not
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You're going to want to, because the story goes out a little ways.
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But trust me, you've got to follow it to the end.
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It's one of the best stories in any domain I've ever heard about anything.
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It's just so weirdly beautiful that, you know, it's sort of a perfect slice of life.
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So, definitely make sure you listen to the RFK Jr. and the dead bear story.
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Anyway, there's yet another technology for extracting water, clean water out of the air,
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It's a self-sustainable, runs on solar power, and you just put it outdoors and it makes water
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It just sits there making water out of the air.
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You all want to talk about the stock market and what's happening and Japan's having some
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How many of you didn't know there was going to be a correction?
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Didn't every single one of you who invest say to yourself, oh, it's one of those times that
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I thought everybody knew it and that a 10 to 20% correction was pretty much guaranteed.
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It looks totally normal to me, but of course, with these stories, there's always stories
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There's always something, oh, this caused it, and it did in the sense that it caused the
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current thinking that will last a little while.
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So, one of the things is this, apparently because Japan had something like zero interest
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rates forever, a lot of people in Japan were borrowing because the interest rates were basically
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zero, and then they would use it to speculate in other currencies, et cetera, and it's the
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sort of thing that can catch up to you, and so the stock market in Japan took a dump, but
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not like the end of the world dump, just a good, serious correction.
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I think it was 12% down the last time I checked, but it's bouncing around.
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If the only thing that happened is Japan had a 10 to 20% correction, and the rest of the
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world did too, most of that would come back, and it would turn into maybe down 5 or 10%
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So, one of the beauties of being my age is that having been through this cycle a bunch
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So, I don't think there's necessarily anything big to change, except I don't know what to
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do about the debt, but the current problems are probably somewhat because Japan had a special
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situation, and then, of course, we're going to look for all the other reasons, such as a
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potential war with Iran, we'll talk about that, but if Iran decides to go big in their revenge
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against Israel for killing that Hamas guy on their territory, if they decide to go big
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and activate Hezbollah and Hamas and Syria and all their little proxies and things get
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out of hand, it could lead to a close in the Straits of Hormuz, and then suddenly, everybody
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who depends on that oil is in trouble, and one of those countries would be Japan.
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So, Japan's got sort of a double whammy, something about the yen, but also something about the
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supply of oil, two things that matter a lot to a country that doesn't produce enough oil
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on its own. And then, on top of that, we hear the stories about Warren Buffett sold more than half
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of all of his Apple stock, and people are saying, what does he know that we don't know he's cashing
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out? To which I say, well, that's probably true that he's getting more into cash because he's
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expecting there'll be a correction. But I think a bigger reason would be that Apple went up so much
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since he bought it that by selling more than half of it, he just gets back to the amount he bought
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in the first place. So, I think all he's doing is rebalancing his portfolio. If you had one stock
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out of many that was your star performer, and for many years, it just was crazy, at some point,
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you can't have that be, you know, 50% of your whole portfolio. You have to trim it. Now, that's why I did
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it. I think I told you I sold my Apple stock earlier, several months ago. And the reason I did
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it several months ago is partly because of AI, because I thought Apple didn't have an AI strategy
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that was visible. You know, it could turn out they have the best AI strategy of all time,
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which would be consistent with their history. But it opened up a uncertainty. Here's a little
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investment wisdom from Warren Buffett. It's the one I used to sell Apple stock. So, it's not
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surprisingly, he did it too. So, the reason I sold was because of Warren Buffett's advice,
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not recently, but advice that I saw from him, maybe 25 years ago. And the advice was,
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if you buy a stock, and you've got a reason for why you bought it, don't sell it unless the reason
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changes. Which sounds dumb, doesn't it? You think, well, I don't know, that's not saying much.
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But here's the example. I bought Apple stock because nothing could stop it. They had basically a
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monopoly position for half of the phones. If you got into that Apple environment,
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it was hard to ever leave. So, it was almost like they were just sucking money out of my pocket.
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And I thought, well, if they can just suck money out of my pocket, and there's almost nothing I can
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do about it, because I'm so hooked on their products, maybe other people have the same problem.
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So, I owned this stock when it seemed like a monopoly, when there wasn't much that could go
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wrong. But the introduction of AI changes everything. It might make them twice as much
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money. It might, but you can't predict it anymore. So, the reason I bought it was that it was so
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predictable, and it was so safe. And then it grew until it was too much of my portfolio.
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It was like just too much of a risk for one company. And so, I did what Warren Buffett did,
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exactly what he did. I reduced my risk in that one company, because the reason I bought it
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was now different. And the reason that Warren Buffett bought Apple was also different.
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And so, he ended up trimming it. So, two reasons to trim. One is it grew so much,
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it's too much of his portfolio. That would be all the reason he needed. He doesn't need any
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other reason. And the other would be the reason he bought it changed. So, he would reduce his
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holdings. So, I don't think that's necessarily signaling some big problem. Because Warren Buffett
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often says that the safest place is the American stock market. Where else are you going to put your
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money? I mean, the problem is not that the stock market is good or bad. The problem is,
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where else are you going to put money? So, Warren just says, well, just leave it there,
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and it'll correct, and you'll be glad you left it there. So, most of his money is still in the
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stock market. That's the more important statement. So, Rasmussen had a poll. 45% of U.S. likely voters
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think the Biden economic policies have been generally successful. So, it's less than half.
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But 53% think his economic policies, including Harris, I guess, would be unsuccessful.
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Including 40% who say Biden has been very unsuccessful.
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So, that's not too far from just the size of the parties. But it looks like the independents are
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definitely leaning toward Trump on the economy. It looks like all the Democrats are for Biden and
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all the Republicans are for Trump. But the independents seem strongly leaning toward Trump
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on the economy. Speaking of Trump and the economy, here's something that Trump said recently that I
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only just read today. According to Forbes, Trump was talking to Fox Business not too long ago.
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He said, and I quote, crypto is a very interesting thing.
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Quote, maybe we'll pay off our 35 trillion dollars and hand them a little crypto check,
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right? We'll hand them a little Bitcoin and wipe out our 35 trillion. Is that a thing?
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How in the world do you just pay off the national debt with Bitcoin? Now, you might remember that I
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was asking this question publicly. Not necessarily about Bitcoin, but about crypto. Can you just invent a
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crypto crypto that is like creating free money and then it pays off the debt? But then people said,
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no, Scott, if you just create money, it wouldn't matter what form you create it. If you can exchange
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it for the regular dollar, you've created inflation. And then I saw another opinion, which was much
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smarter, which said, yes, you can pay off the dollar debt with crypto. You know, you just buy a bunch of
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crypto in the US government's name. You wait for it to go up in value, like Bitcoin just naturally goes
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up in value. And then you basically use it to pay off the debt. And I said, well, would that cause
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inflation so that the dollar part would be inflated into infinity? And the expert said, yes, the dollars
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would just become useless. But it's going to happen anyway. In other words, inflation will make your
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regular dollars useless. So it doesn't matter that if you've sped it up a little bit with crypto and just
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made all your debt go away because the debt would go away from inflation anyway. Now, that seems a little
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extreme. But let me read, I just saw before I went live here, John Thompson on the X platform, who may
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be listening right now, did a little analysis about what that would look like if he used Bitcoin to pay
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off the debt. And the idea would be, let's see if I understand this. Let's say the US government
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decided to use a bunch of dollars to buy a bunch of Bitcoin. So the US government, of course, has to
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borrow to do anything. But let's say it took $270 billion and just bought a bunch of Bitcoin. And then
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you just use your predictions for the natural growth of value of Bitcoin, since it's a limited thing with
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the demand. And you just say, okay, in 10 or 20 years, Bitcoin will go up so much, it will equal the
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debt. And then you'd have a way to pay it off. But of course, that's where the inflation kicks in. So
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it's not like free money. Your regular dollars would be inflated away. But there is some kind of an idea
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that if the government used its dollars to buy Bitcoins, it would be like an investment.
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So let's say you're, let's say if the government, instead of buying Bitcoin,
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let's say the government bought the stocks. Just thinking this through, I'm not suggesting,
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I'm just thinking it through. If the government bought a bunch of stocks, and then the stocks went
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up in value, and the value was so much that it could pay off the national debt, would that create inflation?
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So here's the question. In this specific case, because Bitcoin has this unique ability
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that there'll be limited, limited supply by design, but yet the demand could go up for a while.
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The value of a Bitcoin, one Bitcoin should go up quite a bit in the natural course of life.
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So how's that different than just an investment?
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Is it? If the US government bought something that was just
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worth 35 trillion dollars after a number of years, but they didn't pay that much,
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would that not create money that they could use to pay off the debt? And if they did,
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would it be inflationary? I don't know. So I'm in territory that I'm not an expert in,
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but I'll say that Trump floated the idea, and people were smart to say, yeah, I mean,
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it's going to happen anyway. Your dollars are going to get deflated into nothing, no matter what you do.
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So can you see a way that this ends? I'm not so sure. It's a fascinating conversation. And I love
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especially that Trump wades into it. I don't know that he completely understands the situation like
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most of us don't. But the fact that he's even noodling on it is kind of interesting. Very interesting.
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This is a poll from YouGov, according to the Gateway Pundit. 92% of voters believe Kamala Harris is to blame
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for covering Joe Biden's obvious mental decline. I feel like that's an attack vector that Trump
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hasn't fully exploited. Meaning that pretty much everybody believes that she was covering up one of
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the biggest secrets in the biggest secrets in political life. And a bad one, like a really bad
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one. I don't know how she can explain that. There's nothing she can say about that that's not going to sound like
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bullshit. So that's a strong attack. Because remember, her attack, Harris's attack on Trump
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is that character thing. Oh, he's a liar, he's a liar. But she's the biggest liar we've seen.
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It's one thing to be a salesperson liar, where you say, I was better on this, and I was better on that,
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and the economy was great, even if it's an exaggeration. Those are sort of salesperson lies.
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But to actually cover up that the president can't function, that's a really, really deep lie.
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That's the kind that could get the entire country destroyed. The stuff that Trump lies about,
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well, here's a test for you. All right. Here's a good test. I've never seen anybody ask this question.
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And maybe there's like a clever answer to it that I haven't anticipated. So we'll try this live.
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Everybody knows, everybody's a Democrat, believes this to be true, that Trump's lying is bad for
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everything, right? That Trump doesn't pass the fact checks. And therefore, that's going to be bad for
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the America if he's in charge. That's the claim. All this lying is very bad for America.
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It's obvious. All this lying, bad, bad, bad. Here's my question. Name one thing that broke
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during Trump's first term because of his lying. It has to be because of the lie, not for any other
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reason because things break. But what was within four years, name me the one thing that went wrong
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because Trump failed the fact check? Anything? Can you think of anything?
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compare that to Harris hiding a Biden situation. That was bad even for Democrats because it
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constrained their choices. They didn't get a regular primary situation to come up with the
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best person. So I would say that Harris's lying about Biden's health was good for Harris
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and bad for the country in a way that even Democrats can see because now they're running Harris because
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they didn't have time to do a proper primary, which could have gotten them somebody who would
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just easily beat Trump perhaps. But Harris might be uniquely unable to beat him because she hasn't
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talked yet in public. As soon as she gets some tough questions, we don't know where this is going to go.
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So it looks like she is behind the biggest, most dangerous and damaging lie in American history.
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I can't think of any lie ever told by the government. I suppose you could get into the pandemic stuff,
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but that was lies by the experts as well as the government.
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It seems to be the biggest lie I've ever seen that's obviously damaging. It's obviously damaging to Democrats.
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because they didn't get their first choice for a candidate.
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for details. Please play responsibly. Well, there's a new peer-reviewed scientific
00:21:31.100
paper that people are taking seriously that says that, you know how you thought the government told
00:21:37.740
you that CO2 increases increased temperature? Do you remember the first thing I said about climate
00:21:45.020
change when I didn't know anything about it well over, I don't know, 25 years ago or something?
00:21:50.460
And I remember hearing that the fear was that CO2 rising happens at, you know, roughly the same time
00:22:00.780
as temperatures, so the CO2 must be causing the temperatures. Do you remember what I said?
00:22:08.540
I said the same thing I always say for every study. Well, you showed correlation, but how do we know it
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doesn't work the other way? Because I'm pretty sure that warming also creates more plants. And, you know,
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anyway, it just seemed to me that warming probably was associated with more CO2.
00:22:30.860
And sure enough, this new peer-reviewed paper, which doesn't mean it's true. Remember, peer-reviewed
00:22:39.180
doesn't mean much because you can always get somebody to say, oh yeah, that looks good to me.
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But they seem to have shown, according to them, that it's very clear both on an annual level, a decade
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level and a 100-year level. On any scale you look at, it's obvious that the temperature came before the CO2 increase.
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Do you think that's true? What if that's, what if that is borne out by other studies?
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It suggests that maybe the entire climate thing is ready to just disappear and that it was never real.
00:23:19.340
And I think the pandemic is what might be the final thing. Because before the pandemic,
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I think people were quite poised to say that science was always right. And people who were
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going to complain about 98% of the scientists, obviously were wrong. Because I mean, 98% of
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scientists can't be wrong, right? And then we learned, oh yeah, not only can 97% of scientists be wrong,
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it would be ordinary. That's the big deal. The big deal is not that it's possible
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that 98% of scientists could be wrong. The big deal is that we now know that's ordinary.
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That's new. That's new. And we also know the mechanism. The mechanism that if the experts have
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any kind of a boss, an employer, or any kind of a funding request that the employer and whoever does
00:24:23.980
funding will be weak links and they will have to do whatever is the standard narrative.
00:24:30.140
So since the boss has to go along with the standard narrative, it's too risky for them not to.
00:24:36.620
And they have to go with the narrative to get funding. And almost everybody has a boss or needs
00:24:42.620
funding. You can get to 98% of experts lying so easily. It requires nothing unusual. They simply have to
00:24:53.660
have jobs. And they do. The only thing you need to know is that the experts work for somebody.
00:25:00.620
And you can guarantee that they will conform to the narrative even if they don't believe it.
00:25:05.100
So now that you know that for sure, that's not hypothetical. It's not some weird theory I
00:25:12.780
concocted. It's observable every single time. Well, that's got to hurt your climate change claims.
00:25:21.180
Because that's all about the 98% say it's true. And now we know that means absolutely nothing.
00:25:26.060
Absolutely nothing. Absolutely nothing. All right. There's this weird story. Undercover DC has this
00:25:33.660
story that Tulsi Gabbard was being surveilled by some division of the TSA that follows people around
00:25:43.900
who are suspected terrorists. So if you're a suspected terrorist, but you're still allowed to fly,
00:25:49.500
there's some group within the TSA that will literally follow you around. So they'll follow
00:25:56.540
you around when you're waiting for the flight. They might even be on the flight to keep an eye on you.
00:26:02.540
I didn't know any of this. Did you know this was the thing? And then some whistleblower says that
00:26:09.820
Tulsi Gabbard is one of the people that they're following around. It's the Quiet Skies program.
00:26:15.580
Now, here's what I think about this story. There's something wrong with this story.
00:26:24.700
If you buy this as a complete story, I think that's a mistake.
00:26:31.980
There's obviously something we don't know about the story. It might be something terrible.
00:26:38.620
It doesn't mean that it's something innocent. It could be even worse than the story sounds.
00:26:43.260
But we don't know what's going on here. They didn't simply decide that Tulsi Gabbard is the
00:26:50.540
most dangerous person in the country. So they're going to follow around. And why would you follow
00:26:55.100
around? How would that help anybody? Suppose you were anti-Tulsi Gabbard. And so you're going to follow
00:27:03.180
her around in the airport. For what? What? Unless she has an actual terrorist device with her, which she
00:27:11.020
doesn't. How is that going to help anybody do anything? How is that even anti-Tulsi? So none of it makes
00:27:18.860
sense. So I'm going to say, put a pin in this story and wait to see if you learn anything useful,
00:27:25.900
because there's something missing from the story. I don't know what it is, but I don't buy it on its
00:27:33.100
surface. So anyway, over in Great Britain, apparently there's a bunch of white people rioting.
00:27:42.060
They're not even Antifa. They're being described as far right extremists. And they're causing a lot of
00:27:50.060
trouble in burning stuff and looting stores. And it seems to be mostly driven by an anti-immigration
00:27:58.220
policy reaction. And so I asked myself, how big do you think this will get? The anti-immigration
00:28:07.820
white people rioting in Great Britain? Do you think that's going to get bigger? Or do you think,
00:28:13.820
you know, there's maybe a few weeks of trouble in the summer and then everybody goes back to work?
00:28:18.140
I don't know. So several, let's see, there have only been 150 arrests.
00:28:26.780
It's mostly Islamophobic and anti-immigration, they're calling it, because there was some knife
00:28:32.380
attack that killed three young girls at a Taylor Swift-themed party. But I think there was some
00:28:38.460
fake news about it, which made people think it was immigrants and maybe it wasn't. And so things
00:28:44.940
turned violent. So most of the major cities in Britain are affected.
00:28:54.620
Here's what I think. I think Britain's already done. I think the immigration policy has basically
00:29:03.500
destroyed whatever they had as a coherent culture. So I don't know what's going to happen to it, but it
00:29:09.900
won't be Great Britain. It's not going to be run by a bunch of white people. So I don't think the
00:29:15.740
white people have the desire to be violent enough that it would make a difference. I don't think
00:29:23.660
anything short of violence would change their situation. I don't recommend it. So I'm not
00:29:28.860
recommending it. I'm just stating the obvious, that anything short of major violence will keep
00:29:34.380
things exactly the way they are, which would be the end of Great Britain. So I think you can write
00:29:39.900
them off. There's nothing that looks like there's a counterforce big enough. There might be a lot of
00:29:45.100
rioting, but it's not a big enough counterforce. So anything short of massive violence will make
00:29:51.580
no difference whatsoever. And I don't expect that to be massive. So I think it's the last whining before
00:29:59.100
they go under, actually. Here's an interesting update. Every single day we get another little
00:30:06.540
dribble about the Secret Service failure to protect Trump at that rally. And the Amuse account on X
00:30:14.940
is summarizing this. So apparently in Pennsylvania, because it's an open carry area,
00:30:23.020
it would have been completely legal for any citizen who had illegal access to a gun, including a serious
00:30:32.940
looking rifle, to simply put it over your shoulder and walk around directly outside the rally. Did you
00:30:40.140
know that? If you'd brought your own rifle and had it, I think, external, I mean, you could just put
00:30:49.100
it over your shoulder. You could have stood right outside the rally and the Secret Service wouldn't
00:30:54.460
be able to do a damn thing because it would be outside the security zone and it would be completely
00:31:00.220
legal to have your own legal gun. So part of what, and who knows how many times this story will change,
00:31:09.500
but part of it is that they may have seen a guy with a gun on a roof and they knew that if they shot
00:31:16.860
him, it would be murder because he might be legal to have a gun and being on the roof isn't illegal.
00:31:23.980
I mean, it might be trespassing, but it's not, shoot, you illegal. So that they would have to
00:31:28.700
actually wait until he pointed and shot. I don't know if pointing is enough. It seems like it should
00:31:34.220
be. But their hesitation was that it might have been a citizen with a legal gun. Now, does that sound
00:31:41.420
real to you? Doesn't sound real to me. Nope. Nope. I think there's something being hidden.
00:31:50.540
There's some indication that somebody lied again. Everything about this is sketchy.
00:31:56.620
Why was this the first time that they ever even had counter snipers? So the first time they ever had
00:32:02.300
counter snipers, they needed counter snipers. That's a pretty big coincidence, isn't it? The first time
00:32:10.060
they've used counter snipers for a non-presidential thing. And then they're claiming that the reason
00:32:14.940
they don't have the recordings of the conversations of the secret service during the event is that
00:32:22.140
they were not recorded because it would not be normal to record unless it's a president or a vice
00:32:27.740
president. And since he's only a candidate at the moment, it was not their deal to record it.
00:32:40.780
In what world wouldn't it make sense to have a recording if any action happened? If you're going
00:32:46.940
to have a sniper team, it's because you think things are important. You don't bring the sniper team,
00:32:54.220
you know, the anti-sniper team. You don't bring the snipers unless you think something important might
00:32:59.660
happen. And if you think something important might happen, why in the world would you have a rule that
00:33:04.940
says you delete your evidence right after it happens or don't save it? None of that makes sense.
00:33:14.700
Yeah. So everything about that story is not holding together.
00:33:17.660
Balaji Srinivasan warns us, and as he has before, that our military drones, actually all of our drones
00:33:29.500
in the United States, are primarily made in China. So even if the drone doesn't say made in China,
00:33:36.620
it's full of parts that are made in China. So we don't have an independent manufacturing facility for
00:33:44.620
drones, the most important future medical or future military device. And it turns out that
00:33:55.100
almost all of our other military equipment is also at least partly made in China. Now,
00:34:04.380
when I first heard this story, my first reaction was, oh my God, this means China could beat us in a war
00:34:10.860
because they would just wear us out and we'd run out of resources because China makes it.
00:34:18.300
And then I thought to myself, why would China ever want a war?
00:34:25.500
You know, we tend to put, I guess, an American spin on things. You know, America likes starting wars.
00:34:35.020
We're like really big on starting wars. So you naturally assume that other countries might be big on starting wars too.
00:34:43.980
Right? But what exactly would China ever want to start a war for?
00:34:50.060
I think whatever is going to happen in Taiwan, they can control by not invading. They can just wait it out.
00:34:57.820
And it looks like that's what they're going to do. But even if they invaded Taiwan,
00:35:04.220
I feel like that wouldn't become a general war. It might get really messy in Taiwan.
00:35:14.220
I can't think of any scenario in which China as a country would want to be in something like a general
00:35:20.460
war with the United States or anybody else, anybody else, because we don't have a border.
00:35:25.660
And we have so much economic connections, it would be devastating for both.
00:35:33.020
Why in the world would we ever have a war? You know, and there's a similar but different situation with Russia.
00:35:41.340
Russia definitely doesn't want to have a war with the United States, even though it's sort of in one and directly.
00:35:46.060
But with Russia, we do suspect that Putin has some ambitions, you know, to control other countries.
00:35:56.700
And that's, you know, that's warlike. But China seems to already control everything except Taiwan.
00:36:03.340
And in the long run, that's only going to go in one direction. So they're patient.
00:36:09.180
I think we should just admit that the US and China don't have any reason to be at war and maybe act like that.
00:36:17.180
And I don't see that ever changing, actually. So of all the things that I'd worry about in the world, at the very bottom is a war with China.
00:36:28.540
It's just the bottom. I would worry about everything before I'd worry about that.
00:36:35.420
They just don't want to. And we don't want to. And we have no reason. And it doesn't look like anything would ever change that would make us want to have a general war.
00:36:43.340
Anyway, so remember, I told you that Josh Shapiro seemed like the likely candidate choice for vice president for Kamala Harris.
00:36:54.600
And as of today, the news is still saying it could be any one of the people we've talked about.
00:37:04.060
Some people say that the Josh Shapiro story was intentionally leaked just to see how people would take it.
00:37:14.800
That assumes a little bit of extra cleverness and capability that I think we have.
00:37:23.240
I also think that choices of vice president can often be up in the air until like 24 hours before the announcement.
00:37:33.320
I think that it just goes back and forth and like, how about this one? How about that one?
00:37:39.660
So even if there was some point where Josh Shapiro was the number one preference, it's not real until it's real.
00:37:51.920
But allegedly tomorrow, Harris might announce who that person is.
00:37:57.760
Breitbart is reporting that Kamala Harris is backpedaling on yet another one of her radical policy things from the past.
00:38:12.540
At one point, she wanted a federal job guarantee so that everybody who was unemployed could at least have a federal job.
00:38:30.000
And part of me doesn't care when people change their minds about policies, especially if they're changing it from something crazy to something more mainstream, which would be a case here.
00:38:43.100
But in this one weird situation, since we don't know who the president is, and we're watching Harris, who should be the one setting policy, running away from all of her old policy positions.
00:39:04.320
Or do you think that there's somebody who runs Biden who also runs her and is telling her to go to the mainstream or they won't support her?
00:39:16.160
So we really don't know who's running the country.
00:39:23.020
We literally don't know who's running the country.
00:39:30.080
And Zero Hedge is reporting that Russia might be aggressively behind the Houthis and Iran, may have already sent weapons to Iran, because the hypothesis is that it would be good for Russia to drag the U.S. into another larger regional war.
00:39:52.000
Because then we would have less will for war in general, and maybe we would settle with them a little faster.
00:40:00.620
So that seems at least, I would say on the surface, probably they're helping in some way.
00:40:10.260
They may be helping a lot less than they could, which would make it look the opposite of the way it's reported.
00:40:16.240
So if, let's say, Iran was just really, really pressuring Russia to help, and Russia wanted to remain an ally with Iran, but didn't really want to create another big war,
00:40:30.060
they might give them some stuff so they could say they did something, but not enough to make it a really big war.
00:40:38.860
So Russia probably has this, you know, narrow little window where they can help a little bit, because they are allies with Iran.
00:40:47.980
But they don't want to go overboard, because there could be some pushback on that.
00:41:02.340
There's some thought that if they try to overwhelm the Israeli defenses, that pure number of missiles would be too many for the iron gnome to stop.
00:41:16.780
But do you think Iran is, has the right risk profile to do a major damaging attack on an Israeli population center?
00:41:35.400
So I think that whatever Iran does may take longer than we thought, because they've got to really think this through,
00:41:51.940
But if I were Iran, I would want to take out, let's say, a weapons depot,
00:41:56.580
or just some kind of asset, maybe even just the, you know, the air defense assets.
00:42:09.800
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00:42:21.700
So one possibility is that Iran will try to avoid population centers and go after a military target because it's less likely to escalate.
00:42:40.340
And then reports are that when colleges are back in session after the summer, the pro-Palestinian protests will just kick right back in.
00:42:51.140
So the U.S. will be full of protesters as soon as college is back.
00:42:58.160
Do you believe that any protests in the United States are organic?
00:43:03.700
I don't think that the United States has people who spontaneously go to the streets to protest anything.
00:43:12.120
There has to be an organizer or nothing happens.
00:43:14.760
And the organizer is almost always paid by somebody, either our government or another government.
00:43:26.780
Now, the opposite would be, you know, maybe some BLM stuff that jumped up because the news got everybody excited.
00:43:37.960
Anyway, Wall Street Journal is reporting that Russia may have rushed that hostage deal with the U.S.
00:43:48.440
because they wanted to get it done before Trump got in office.
00:43:52.280
Joel Pollack had predicted that, and apparently the Wall Street Journal is confirming it,
00:44:13.380
Do they prefer Biden so they make Biden look good by getting that done?
00:44:21.000
Or could it be as simple as the fact that Trump says he doesn't give anything for hostages?
00:44:27.600
So maybe Russia said if we trade him now, we'll get a bunch of our prisoners back at the same time.
00:44:34.620
If we wait for Trump, Trump is going to say, give us our prisoners or we will sanction you to death.
00:44:42.500
And then they basically just have to cave and give him the prisoners.
00:44:47.140
So we don't know exactly what Putin's thinking, but I doubt he's, well, maybe he did want to prop
00:44:55.040
up the Biden-Harris group just because he thinks that they're weak.
00:45:03.920
But it does show that he didn't want, he wasn't really enthusiastic about a Trump presidency.
00:45:12.580
Because the best thing that Trump could do is have an argument that Putin is working against
00:45:18.880
And this would look like one of those situations.
00:45:23.000
Elon Musk has reopened his lawsuit against ChatGPT, according to Reuters.
00:45:30.760
Because remember, that's the group that he was part of, was Sam Altman.
00:45:35.080
And he was the original big money into open AI.
00:45:39.560
Because it was promised that it would be an open thing, not a commercial thing.
00:45:43.340
But then Microsoft got involved and now it's a total commercial thing.
00:45:50.200
I don't know if that's just for competitive reasons or what.
00:45:56.440
Anyway, so according to PJ Media, Biden's freezing these immigration flights where they
00:46:03.520
were bringing in 30,000 citizens a month from places like Cuba and Haiti and Nicaragua and
00:46:09.700
And the reason they paused it, because there was a massive fraud alleged by the sponsors
00:46:18.420
So it wasn't the migrants themselves that were doing a fraud, but there were moneyed sponsors
00:46:27.580
And they have apparently been accused of some major fraud.
00:46:38.380
No, it was either for electoral advantage for Democrats or something, but wasn't what was
00:46:49.760
Are you aware that the way our US government controls free speech is that there are all
00:46:55.520
these, somebody called them pop-up industries, that are international groups whose job it is
00:47:03.120
is to monitor the fact-checking of social media.
00:47:08.680
So these are basically fake groups that will, essentially, they're looking to get rid of
00:47:21.060
So there's this whole industry of fake pop-up fact-checkers that are really just to stop
00:47:31.240
And, you know, they'll always say it's about misinformation, but they only chase misinformation
00:47:37.680
Yeah, these are the so-called NGOs, non-government organizations.
00:47:42.040
So it looks like the way the intelligence people in the US control free speech is by making sure
00:47:50.900
that if you're an entity that requires advertising dollars to survive, they'll have some fake
00:47:57.180
entities say that you're a liar, and then they'll talk to the biggest advertising groups,
00:48:03.380
and they'll say to the advertising groups, hey, these big entities that are independent,
00:48:08.680
but not really independent, they're fake, say that this group is bad apples.
00:48:15.880
So you should not give any of them, any of your advertising dollars to these groups.
00:48:20.720
So they can basically bankrupt any group that's making money and saying things they don't like
00:48:29.540
Now, let me ask you this question after some time has gone by.
00:48:35.040
How many of you think that I got canceled from my Dilber job because of what I said?
00:48:43.900
Versus how many of you think it was to make sure that I didn't have money and that I would
00:48:53.500
It's kind of coincidental that there's this entire structure whose job it is to bankrupt
00:48:59.080
people on the right, such as Alex Jones got rid of Tucker Carlson, Roseanne lost her job.
00:49:11.240
You do notice that there's this big coincidence that whenever there is a conservative who has
00:49:17.660
some source of money, that source of money will go away because it will be attacked.
00:49:28.540
So I don't believe anything about my cancellation.
00:49:31.880
I don't believe that had anything to do with anything I said because I've actually said
00:49:37.200
I said exactly the same thing in public before.
00:49:40.040
It's just that when it's taken in context, nobody really even shrugs.
00:49:44.660
It's only out of context that it sounds alarming.
00:49:47.180
By the way, if anybody is new to this and says, what do you mean it's out of context?
00:50:00.400
Now, the context is that in the context of ESG and CRT and DEI, white people are being framed
00:50:13.040
And they're the ones that have the money and resources and you should take it from them
00:50:20.860
Anytime you're in that situation, you want to get away from it if you can because you
00:50:27.860
If you're being targeted where you live, you should try to live somewhere else if you have
00:50:34.560
And likewise, because there's so much racial animosity that's been drummed up by the bad
00:50:42.680
people in the world, that if you just have co-workers who are diverse, your odds of getting
00:50:57.300
A white man will never sue me for discrimination.
00:51:02.460
So if I happen to be working with mostly white men, one thing we wouldn't worry about is anybody
00:51:08.020
If you work with a diverse group, your odds of being sued if you're the white guy and
00:51:13.340
you're in charge are really, really high, really, really high.
00:51:17.360
So you would want to get away from any situation where you had high risk and go where you have
00:51:23.560
Everybody agrees with that strategy that you should go where you have lower risk, all things
00:51:29.840
So if you looked at what I said in context, and of course I didn't get to complete the
00:51:39.180
context because I get canceled so quickly, but everybody who was a regular viewer of my
00:51:50.160
These are purely punitive actions against people who go against the narrative.
00:51:56.920
You do not live in a country with free speech or anything like it.
00:52:03.260
There's a concern now that AI will be so good that people will prefer AI as companions and
00:52:13.220
And it will be further destruction of humankind, not just reproduction, but our ability to even
00:52:21.820
Now, you may say to yourself, well, that's a little overblown.
00:52:32.780
Yes, AI and robots will have the ability to make you fall in love.
00:52:40.200
Now, I'm not saying every single person, of course, but most people.
00:52:44.780
The average person will find that the AI that is good to them all the time and never tries
00:52:52.140
to sabotage them, never tries to, you know, shit test them, you know, never, never is unavailable.
00:53:10.900
So my prediction is that AI will actually replace a lot of human contact.
00:53:19.360
I can't wait for my robot so I've got somebody to hang out with that doesn't give me any trouble.
00:53:36.360
You're not lying when you say you want to do something or don't want to do something.
00:53:43.120
And some people are talking about using AI to replace departed partners.
00:53:49.860
So there's going to be some number of young enough widows who don't remarry.
00:53:55.880
They're just going to replace their beloved with a robot.
00:54:21.840
and the sex toy part feels as good or better than a human would feel,
00:54:27.240
you're going to feel like you have a human relationship.
00:54:31.220
And it will activate your oxytocin and all your good chemicals.
00:54:39.660
And it's going to dominate civilization within a year.
00:54:43.120
Within a year, people will be just fully into their computer friends.
00:54:49.980
Now let me, if anybody joined late, here's what I think about the economy.
00:54:58.400
But short of the debt problem, what's happening now is temporary, normal.
00:55:09.640
And sometimes they go down 20% and then they come back.
00:55:13.320
So every single time our stock market has gone down, it's come back every single time.
00:55:23.860
There's nothing structurally different except the debt,
00:55:26.960
which is not what's driving the current problem.
00:55:29.160
So maybe we have to get on the other side of the Iran response.
00:55:37.000
Maybe we need a president who can drill more oil.
00:55:59.680
The odds of it going up if we get, let's say, a Trump presidency, pretty good.
00:56:24.840
I was looking for a comment, but it went by too fast.
00:56:35.840
But it's going to say, but the news likes to scare you.
00:56:41.520
And I don't know what else you would put your money in if you were afraid of the market.
00:56:48.720
You know, what I always say is if the entire market goes down and stays there, nothing's
00:56:55.740
It's not like your real estate isn't going to be worth anything if the stock market goes
00:57:02.900
Anyway, so I'm just going to keep my money where it is.
00:57:07.440
And I will talk to you tomorrow for everybody else.
00:57:12.200
And I'm going to see if I can go private with just the local subscribers.
00:57:15.820
And I will say thank you to everybody on X and YouTube and Rumble.
00:57:23.880
And if this works, I'll be talking to the local supporters separately.