Episode 2880 CWSA 06⧸27⧸25
Episode Stats
Length
1 hour and 5 minutes
Words per Minute
124.213165
Summary
Dr. Scott Adams is back with a new episode of Coffee with Scott Adams! This week, he's talking about what's going on in the stock market, and why you should go to college if you don't get a degree from the University of Bath.
Transcript
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well there you are come on in everybody come on in it's time for your favorite part of the day
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let's check your stocks while everybody flows in
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tesla's down a little bit the sb is up a little bit snap is up a lot interesting
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it ready is up a little bit all right let's uh get your comments going and then we got something
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good morning everyone and welcome to the highlight of human civilization it's called
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coffee with scott adams and you've never had a better time but if you'd like to take a chance
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on improving the way you feel from levels that are hard to even understand and with our tiny
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it is a copper mug or a glass of tankard shells just dying a canteen jug or flask a vessel of any
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kind and fill it with your favorite liquid i like coffee and join me now for the unparalleled
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pleasure the dopamine at the end of the day the thing that makes everything better it's called
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so so good well i finally found a uh really satisfying use for ai
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uh yesterday i was just playing around with a grok and i told it to make me a photo
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of dilbert riding on a dog it's just you know first thing that popped in my head
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and so it makes this picture but it it uh it knew that if a human-sized dilber were riding on a dog
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that would be bad for the dog so it turned the dilbert into a little stuffed look like you know a
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stuffed uh stuffed animal and made it small and put it on a big dog and i posted it because i thought
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it was just interesting picture and ai wants to give dilbert a mouth because everybody in the world
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except dilbert has a mouth dilbert has no mouth by the way if you didn't know that and no eyeballs
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but it wanted to give him eyeballs with some of the ais and not others and he had a necktie but it
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didn't seem to understand that it would be an upturned necktie so it was definitely dilbert but uh yeah
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the ai version and then uh people saw my version and they tried different ais
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so the next thing i know there's more than one dilbert riding on a dog
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and the next thing i know um it starts morphing from dilbert riding on a dog to me riding on a dog
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and then dilbert riding on god's shoulders and then there was the baby jesus dilbert and then somebody
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used the mid journey which takes a static picture and turns it into a video and somebody improved the
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background so so the picture started as you know just a little thing i thought was funny
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and it took out a life of its own and evolved into all these different directions and uh there was
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even a dog riding dilbert but my favorite was a picture of me uh the ai created of me riding a giant cat
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a house cat it was a dog it was a horse-sized uh cat and i came away from the experience thinking
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oh my god do i want a horse-sized cat would that be awesome one you could you know put a saddle on and
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ride imagine if you could just say hey and call your cat and your cat would run over and you just
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jump on it like a like a horse and ride around okay maybe it's just me well i wonder if there's uh
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any new research that could have been skipped if they had just asked me oh here's something from the
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university of bath now you probably didn't know there was a university of bath but a lot of people
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try to take a bath without any education whatsoever and they'll be like drowning and you know they won't
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even get wet because they've never gone to the university of bath where i believe everybody majors in
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bath bathing i assume anyway but beyond that they've also done a study in which they determined that people
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with higher iqs make better decisions and the reason is the reason is the people with higher iqs
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can predict the results of their decisions more accurately uh-huh yeah that would be pretty much
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right in the middle of what a person with a high iq can do predict what's going to happen next
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so uh university of bath you should stick to your strengths which is teaching people how to bathe
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and uh next time you want to know if high iq people are smarter than low iq people just ask me
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just ask i got answers all right um according to the washington times uh there's a federal employee who
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managed to do work at home and get paid for three different jobs so it was chrissy monique baker
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so she was working at hud as a full-time management and program analyst but she also had two separate
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jobs beyond that and she was getting paid for three jobs and she's pleading guilty to fraud
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now does that seem like fraud to you do you think people should go to jail for having three jobs at the
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same time when they signed something they said they wouldn't do that so i guess that's the fraud part
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yeah so none of those employers got her full-time work so i guess it is wrong it reminded me of wally
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in the dilbert comic you know i've heard of people who had two jobs which i think was really common
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during the pandemic people having two remote jobs but this is the first one where somebody had three
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and made it work i don't know how they caught her probably wasn't based on her work performance
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well can you believe it today is the one-year anniversary from biden uh debating and showing
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the world that his brain was not working does that feel like only one year ago
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is it my imagination or does it feel like it was three years ago that the biden debate with trump
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happened does that feel like it could possibly be only one year ago oh my god how much stuff has
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happened in the last year you know just political stuff forget about your life but one year ago
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uh are you having the same the same impression i have that there's no way that's just one year ago
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that had to be at least three years ago nope one i saw that in a post from end wokeness one of my
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favorite follows according to ben whedon who's writing for just the news um trump won uh i guess this is
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based on new pew survey who is this uh yeah pew research so according to pew research um and if
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you don't know what pew research is uh they research when you shoot your toy gun pew pew pew pew and then
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they research that and then they go to the university of bath and wash it all off no no
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no pew research research is very serious things and one of the things they found out is that uh
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latinos were the ones who moved the most right during the uh period between 2020 and 2024
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or was it possible that 2020 wasn't exactly the most accurate election if you know what i mean
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so maybe maybe measuring the change from 2020 where many people i'm not saying me but many of you
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believe the results were complete bullshit of the election itself so i would first of all question
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the concept of looking how things changed in the vote from 2020 to 2024
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it feels to be like hmm maybe there's a reason those numbers don't look as similar as you thought
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they would look maybe but that's not me that's you that's what you think anyway um and maybe sometimes
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i think it too but apparently according to pew research i and i don't believe this is true how could this
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possibly be true um that trump outright won hispanic men does does that have you heard it that way
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before i i've heard a number of times he did better than you know anybody's ever done with hispanic voters
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but did you know that he won outright uh hispanic men by 50 to 48 percent against harris
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that is freaking incredible if it's real he lost narrowly with hispanic women
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and uh i guess there must have been more women voting or well no the numbers look right
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and but overall and but overall he was just close so he had 48 percent of the hispanic vote compared to
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harris's 51 but the fact that he won outright the male hispanic vote he won it outright
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at the same time that uh the news was telling us all of his rhetoric was
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you know racist against exactly that category of people and that category of people as i've been
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telling you for a long time they're way more conservative than maybe you thought was coming
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so it doesn't doesn't surprise me that it eventually got there but it happened faster than i thought
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well as you know the uh cover up of biden's brain um it was uh considered worse than watergate
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how many of you would agree with that that the cover up of biden as president being you know mentally
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deficient how many of you think that was worse than watergate well a lot of people the news reports
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like quite a bit that there's one expert after another saying oh that's worse than watergate
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instead of asking if something is worse than watergate
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since watergate is now no longer the high high bar mark we should be forced to say is it worse than
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biden's brain cover-up so the next time there's a gigantic controversy do not say is it worse than
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watergate that is no longer the high high water mark is it worse than biden brain cover-up and when you
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add the auto pen part to it it really is worse than watergate by a lot so as you know um at least one
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person has admitted to having access to the auto pen i think there were more and we'll learn more about
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that but nira tanden said that she uh i guess she told congress when asked that she would use the auto pen
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without actually verifying from joe biden uh that he gave the order
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now wait a minute well let me say that again that the person operating the auto pen
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apparently would not check directly with biden but would take it from some other staff member
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who was not mentioned would she take the word of anyone who asked could anyone who had access
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to the president walk in and say hey nira uh joe biden totally wants you to pardon this hardened
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criminal for no reason that you could tell would she then pardon a hardened criminal because somebody
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who was not biden said oh yeah biden's totally behind this ah i got questions i have many questions
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but if she was not verifying with biden himself or at least you know some way knowing that he had
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given the order we really don't know who was running the country you know i suppose that's the most
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ordinary observation but i have to admit i was i was holding out some kind of belief
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that maybe biden would sign a little document or give somebody the word in person so that at the very
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least the person who operates the auto pen had direct knowledge that the president wanted something
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signed but apparently not apparently not so the person doing the auto pen literally did not know if
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it came from the president does that seem like a problem
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yeah that seems like a problem it's bigger than watergate
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anyway according to um newsmax uh the gross domestic product did not look good for this quarter
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but the special case reason for it is because people were buying a bunch of foreign goods
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um in anticipation of tariffs so you can't really look at the gdp for this quarter this most recent
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quarter that they're reporting um that would that would be sort of a you know non-standard number this time
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but they think it will bounce back to a good number next time we see it and uh whatever happened in the
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april to june quarter is unlikely to be repeated so that's good um
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so there's a post on x by uh constantine kissin who if you're on x you probably know him so he's uh
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what would i call him um he has one of the biggest podcasts trigonometry he's one of the two who do that
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and uh he's often you know debating people on other podcasts and he's very active on social media
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but he's very well informed and very smart but he's the only person reporting that there's
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some kind of maybe deal coming up with gaza and israel and the middle east so i'm gonna say
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i don't believe this is true but he says that there are reports that trump and nanyahu have made a deal
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and it hasn't been announced yet now i'm gonna i'll read you what constantine says is reportedly
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a deal but i'll tell you in advance i don't believe any of it so i checked with grok and
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grok could not find any you know independent reporting that agreed but um only because
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constantine kissin is a um i'll say a highly credible you know commentator uh if it were someone else i
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probably wouldn't even read it but i'll let you know what he thinks you know based on sources he has
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that are unnamed so he thinks that there might be a deal to end the gaza war in two weeks
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which is possible it's possible because you could certainly imagine that trump would want to take the
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good will he's you know he's garnered in the situation and maybe use it to you know put a little
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pressure on israel or you know get something done so that part i doubt it just because the gaza
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situation seems so intractable but maybe maybe it's entirely possible that they might announce some
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kind of a framework you know they would take a long time to implement but maybe next thing that
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constantine reports says is being reported is that gaza would be governed by four neighboring countries
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countries to which i say maybe because that does make sense in terms of how in the world would you ever
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solve this problem you would almost certainly need some non-israel non-us non-hamas leadership
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and it does make sense that having only one of them would create a whole new problem so if you
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said uh let's say um saudi arabia is gonna you know monitor or manage gaza well immediately that would turn
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into you know saudi arabia would become a target and you know there'd be bad will there but suppose
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you said four of the closest neighbors were all going to jointly be part of it maybe they would be
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helping economically um but if there were four of them you'd feel like oh okay that really is neighbors
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helping out a difficult situation now again i'm not predicting any of this is going to happen
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but it's possible it's within the realm of possible uh then the third part if any of this turns
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them to be true is that hamas leaders would be exiled i don't see any anything else you could do with
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them right you'd have you'd have to exile them otherwise they stay underground in gaza and you can
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never solve anything so while i don't love the idea of them staying alive and israel wouldn't love it either
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it's entirely possible it's the only way you could make a deal so is it possible yeah it's possible
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again i'm going to bet against it because i'm a little bit pessimistic on this particular topic
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well it's possible uh here's the part that i think is the red flag for this not being real
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that uh the fourth element would be a two-state solution that would be agreed by israel
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do you believe that do you believe that netanyahu
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would agree to a two-state solution with all of those israeli settlements that are in the west bank
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does that sound real so that's the part that tells me uh
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maybe but that seems really unlikely to me you know maybe like a two percent chance something like
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that and then the last one is that several new countries would join the abraham accords and recognize
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israel certainly if there were an agreed upon reasonable conclusion for gaza that would lead to
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more people joining the abraham accords that'd be a big deal so that's possible but um there's no word
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about hostages or where do the refugees live for the many years it would take to make gaza livable again
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and do they all get to move back and who exactly is going to pay for the rebuilding of gaza and all
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that so i'm going to say that there's some details missing that obviously would have to be there if there
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were a deal such as the hostages and i don't think the two-state solution is likely enough that the entire
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reporting could be accurate so that's that's my red flag on that one anyway um it's interesting
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the only thing it does i think is it helps you understand what what is possible
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all right um and cnn is reporting um i think news banks is reporting on this too
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that uh the u.s is kicking around the idea of helping iran become a peaceful nuclear energy country
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without the ability to make a bomb and that part of that might be making available to them as much as
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30 billion dollars to build a civilian nuclear program that doesn't have any you know enriched uranium
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access or anything uh except for what goes into the uh nuclear energy for domestic use
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and the that money would not necessarily come from america but rather from other middle eastern
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countries does that seem does that seem like something that might happen i always like
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the trump approach of saying you've got two choices we will either attack you militarily
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or we'll help you develop your economy so you can make a lot of money
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i love that that you know i always tell you about one of the one of the uh principles of uh persuasion
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is that you lay out a really big gap between doing what you want them to do and not doing what you want
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them to do and that's a pretty big gap if you try to make your own nukes again we will bomb your country
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again very very bad but if you work with us for domestic nuclear power we'll help you get funding
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for 30 billion dollars from your neighbors and that's pretty good so i like that i like that that's even a
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conversation well according to trump the u.s and china have quote signed a trade deal do you believe
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that do you believe that the us and china have signed a trade deal i don't believe that there may be some
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elements that they've agreed upon or have a framework for but i don't believe there's an overall china
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trade deal uh i'm pretty sure there will be nothing about protecting intellectual property
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and probably nothing about fentanyl so is there i mean there might be you know some crawling forward
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on some things like you know the rare minerals there might be a rare mineral deal but no i don't believe
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there's any signed comprehensive china trade deal but the market might
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and uh we'll see and i guess london says the us is going to drop some some counter measures against
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china because china is loosening up uh about rare earth materials but we'll see if any of that matters
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but uh trump's team says that by july 9th which i guess is the new deadline for all the countries
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to to make a deal um he said that there will be a tariff hammer coming down for any nation that
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doesn't look like they're negotiating in good faith so basically just more tariffs so they do think
00:27:10.660
that there are a lot of tariff deals coming now do you remember do you remember when the tariffs were
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first announced um this would be a good time to see who was right and who was wrong and there were some
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people who said oh these threats of tariffs will never get you anything good it will just all be bad
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and by now the stock market has fully recovered so we're all all the way back before trump even
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announced the uh tariffs which means the people who have the most money to invest including the
00:27:48.020
professionals believe that the tariff thing will not be a big destructive force for the economy
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they might believe it will be additive um we don't know yet but certainly there's every reason to believe
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that our new trade deals will be a little better than the old ones so if you were one of the people
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like me who said hold on hold on there is no way to know if this is good or bad but it is certainly a
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smart way to negotiate and all of this uncertainty which you think is bad it is bad but temporarily
00:28:34.500
if your objective is to get a trade deal maybe a little bit of uncertainty and flip-flopping and
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jumping back and forth and keeping your um your negotiating partners off balance might be exactly
00:28:49.540
what trump does for every negotiation it might be he does it because it works and the persuasion reason
00:28:58.100
that that would work is that if you get other people frightened that if they don't make a deal there's
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you know there's going to be really bad consequences well then they're going to make a deal they wouldn't
00:29:10.260
have otherwise made so yes keeping all of our trading partners in a very precarious uncertain not sure about their own
00:29:21.540
political futures because it'd be such a big deal to their country if they don't get a trade deal
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that's exactly where he would want the other leaders to be and he put in there and now he says
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that over the summer which is about what he predicted they'll be uh you know cleaning up these trade deals
00:29:42.820
one at a time it'll probably take longer than they want longer than you want but it's all doable
00:29:49.220
so it went from oh my god he's he's a crazy man who's ruining the economy and in what four months
00:30:01.140
it turned into oh well looks like that's gonna work out trump is on the verge of having the best summer
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that any president ever had uh if he if trump gets the the big trade deals done
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and he continues to be you know lauded for his uh you know successful conclusion to the iran situation
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if nothing else happened that would be the best summer any president ever had basically and if
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if a miracle happens and somehow we get something done with gaza and or ukraine
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and i'm i would bet against both of those but even if he got one of them to go the way he wants
00:30:51.940
and then let's say the abraham accords goes to the next level that could all happen in one summer
00:31:01.060
oh my god oh my god like no no president's going to be able to touch that
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for just sheer persuasive you know leadership policies you know and that's not even without the
00:31:20.100
the big beautiful bill which is in trouble at the moment let's talk about that
00:31:26.660
so remember when i've talked about the budget process in congress
00:31:32.420
um i act like i don't understand it and it's not an act i really don't understand it and i i read the
00:31:42.180
you know the messages from steve miller who's trying to explain oh no this is not a budget bill
00:31:49.380
it's a rescission bill rescission is that the way you say it and they're they're very different
00:31:57.700
if it were a budget bill then you would need to get i think 60 of the senate to agree and nobody
00:32:07.780
believes that that's possible in today's environment but if it's one of these weird rescission things
00:32:15.300
apparently you can cut the budget on stuff uh with only a 50 majority you know 51 and so the entire
00:32:24.660
reason that there were not a lot of doge cuts in this one is that the the place you would do that would
00:32:33.300
be in the larger one but they did have a bunch of cuts and now it turns out that there's something
00:32:40.500
called a parliamentarian how many of you knew that congress even had a parliamentarian i guess the
00:32:51.300
parliamentarian just makes sure that congress is following its own its own guidelines and only and
00:32:59.060
follows the law and guess what the parliamentarian just told the creators of the big beautiful bill
00:33:07.780
the parliamentarian just explained that the only thing they could do is some minor budget tweaks
00:33:15.300
they can't have in the big beautiful bill changes in policy because if you want to change policy
00:33:23.140
according to something called the the bird rule b y r d based on you know uh ex congressperson bird
00:33:34.340
that if you follow the rules you can't change policy with a rescission bill
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and there were a number of things that were policy changes so i asked uh grok you know what the hell
00:33:50.180
what what kind of changes they are and most of them i don't understand um but stuff like changing the epa's
00:34:01.780
multi-pollutant vehicle emission standards blah blah blah blah blah blah so a lot of these budget changes
00:34:09.780
are directly connected to policy changes and we found out this week that they can't do that
00:34:22.260
now try to hold that in your head for a moment does it make sense that you and i did not know that
00:34:29.140
there was a parliamentarian yeah of course yeah we're not that deep into it so most of us never heard of
00:34:36.580
this parliamentarian thing if you had heard of it would you have known that the rescission process
00:34:45.940
would be different from the budget process and that if you tried to conflate the two
00:34:51.860
the parliamentarian would would shut you down well i didn't know that but i'm not a member of congress
00:35:00.980
who just spent five months trying to negotiate this thing are you telling me that nobody behind the big
00:35:09.540
beautiful bill was understanding that the parliamentarian was going to shoot a bullet through
00:35:16.420
the middle of its heart as soon as it was almost done are you telling me that nobody involved in that
00:35:22.420
process saw this coming are you telling me that they never once talked to her in advance and said we
00:35:30.740
don't want to get too far with this unless we know that it can get past the parliamentarian because we're
00:35:37.380
you know mixing some policy with some some funding nobody nobody knew this was coming
00:35:45.620
are you fucking kidding me right and again you and i can be excused right you know we like to be well
00:35:57.060
informed citizens who can you know with our opinions maybe help move things in one direction or another
00:36:03.460
in small ways but we're not supposed to know that everyone who is going to vote in this big beautiful bill
00:36:12.180
every one of them should have definitely known this was coming and to suddenly act like they're all
00:36:19.060
surprised and people are calling for the firing of the parliamentarian no no don't fire the parliamentarian
00:36:31.140
fire every single person who didn't know that they should check with the parliamentarian before they
00:36:35.940
got this far all of them every one of them should be removed from congress if you don't know this most
00:36:43.300
basic thing about your own job how are you how do we expect you to get anything done so i don't know what
00:36:53.220
the fate is of the big beautiful bill but it's looking like it's going to be totally gutted of you know some
00:37:03.940
substantial percentage of the things that the republicans were trying to get done
00:37:16.580
vance can overrider you mean if there's a if there's a vote of a majority
00:37:23.860
all right well i guess there might be more we'll find out about this i don't know if that's true the part
00:37:28.740
about vance but i mean it's just such a head shaker i definitely do not feel at this point you know
00:37:39.300
something might change my mind but i definitely don't feel like the parliamentarian is the bad
00:37:45.380
person it's a woman so i was gonna say bad guy but the bad person
00:37:49.380
yeah i think the parliamentarian is just doing the parliamentarian job so good luck with the big
00:37:57.940
beautiful bill anyway but it'd be amazing if if trump got that through without it being you know
00:38:06.420
totally got it um his summer would be looking pretty amazing
00:38:14.900
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fled his home country and uh this is according to just the news
00:38:49.380
um and says that china makes makes the chinese people who come to america sign a contract not all
00:39:00.260
the chinese people but the you know the scientific people
00:39:06.740
and anybody who's coming to the u.s and working in science they have to sign a contract with china
00:39:13.540
to help steal u.s intellectual property and research and anything else of value
00:39:19.380
and bring it back to the communist uh chinese communist party
00:39:24.980
now why is there never a story about russia doing this have you ever noticed that if russia is our big enemy
00:39:36.260
why is it only the chinese are stealing our intellectual property
00:39:40.740
or is russia doing it too but they're better at it so we don't catch them
00:39:46.900
why why would it only be china it's not like russia
00:39:53.060
is doing its own silicon valley you know aren't they just as much in need of
00:39:59.060
stealing our intellectual property and do you think that russia has
00:40:04.740
let's say some moral or ethical reason not to steal from us
00:40:09.860
why would it only be china i don't know but uh i guess uh the trump administration is launching a vetting process
00:40:21.940
for the hundreds of foreign scientists so we're going to try to catch them but how weird that
00:40:29.700
china is doing that but not iran venezuela the mexican cartels
00:40:34.020
um but well how many how many uh sleeper cells do we and spies do we have in this country now
00:40:43.540
is it more than the residents because allegedly iran has sleeper cells china has all these
00:40:52.980
spies and sleeper cells and buying up farmland to do god knows what venezuela is sending us the trend
00:41:01.460
uruguay or have the mexican cartels have already made you know inroads into the
00:41:07.780
mainland u.s and they've all got these sleeper cells and spies and stuff
00:41:14.340
but when was the last time you heard that russia was doing any of those things
00:41:21.220
like trying to put a lot of russian immigrants into the country so they could become sleeper cells
00:41:26.900
or steal our ip are they not doing it or do they just not get caught or do we just not mention them
00:41:37.620
for some reason isn't that weird if it works everybody would be doing it you know mexico would be
00:41:45.620
sending their scientists and venezuela would be i don't know there's something weird about the fact
00:41:50.980
that only china is doing this thing if it works i mean if it works they should all be trying it
00:41:59.380
well laura luber has another exclusive and uh i have to compliment her for carving out
00:42:07.940
a valuable space in the internet world um and what she seems uh the best at in terms of her scoops
00:42:17.780
is finding out whose uh sibling uh whose children and or spouses are involved in things
00:42:25.540
that the politician might be making decisions about and here's another one so according to laura loomer the
00:42:35.780
john cornyn who's a texas senator his daughter lobbies lobbies for china um related to alibaba
00:42:47.300
at the same time that um the texas attorney general ken paxton is targeting alibaba for privacy
00:42:56.740
valuations but so the daughter of the u.s senator for texas is working working for a chinese company and
00:43:08.020
not just a chinese company but you know one of the biggest or is it the biggest i don't know
00:43:13.620
now does that seem like a problem to you it does to me yeah does to me so another laura lumer
00:43:25.620
exclusive she's really got that category nailed down then uh according to blaze media carlos garcia is
00:43:36.340
writing about this um there was a democrat leading group called code pink that's now threatening um
00:43:46.580
an internet user named data republican i've talked about data republican it's a woman who is very good
00:43:52.900
at data analysis and especially linked to uh political events so code pink is threatening her because she
00:44:04.580
apparently suggested that they got some funding from chinese sources so code pink um is threatening a
00:44:14.260
lawsuit and they they say that they uh um they do not get money from china or the chinese communist party
00:44:24.020
or any foreign government so that's what code pink says they don't get money from china chinese communist
00:44:32.740
party or any foreign country so do you think data republican is wrong what do you think do you think code
00:44:42.980
pink is telling you the truth and data republican is wrong well data republican decided that the best approach
00:44:53.460
to this threat of lawsuit is simply to dump everything she knew and you can make up your own mind
00:45:00.900
so here's what here's what we've learned uh apparently code pink is getting some significant funding from a rich guy
00:45:13.060
who uh uh a social activist and businessman neville singham um he's a billionaire who is already under
00:45:23.620
congressional investigation for possibly violating the foreign agents registration act
00:45:29.620
that'd be far on behalf of the chinese government oh so it didn't come from china
00:45:39.540
the funding and it didn't come from the chinese communist party and it didn't come from a foreign country
00:45:49.140
true but it might have come from a billionaire who likes to do things on behalf of china
00:45:56.340
so how do you score that one do you score that one as yeah that's chinese funding or is it the chinese
00:46:08.820
funding that's deniable because when code pink denied it they did not say and we don't take money from any
00:46:16.340
billionaires who are who are connected to china's government they left that part out so i don't know
00:46:25.300
maybe they'll come back um and then apparently one of the things that code pink has done
00:46:35.140
um is push some propaganda saying that uh the uyghurs um
00:46:44.740
were not the uyghurs were basically dangerous so total chinese propaganda that nobody would do unless
00:46:52.900
some chinese force was giving them money in other china versus u.s news uh elon musk
00:47:02.500
pointed to a chart on x and said remember this chart and what it was was a chart that showed how much
00:47:09.860
electricity uh china is pulling online you know with new power plants etc versus the us and if you look
00:47:20.340
at the us's number since the 90s it's up a little bit but it's almost a flat line we have about as much
00:47:29.780
electricity in the u.s as we had at the end of the 90s and that's been a while now you might say but scott
00:47:40.020
that's good news because we've learned to conserve on electricity but then you look at the uh the china
00:47:49.140
line and it's it's not quite straight up but it's pretty close and it has passed us you know by a lot
00:47:59.700
so china is adding electricity like crazy and the u.s is still just getting ready to add electricity
00:48:09.860
you know by making it easier to build nuclear power plants and reducing regulations and stuff
00:48:15.380
it'll make a difference but we're way behind if you're trying to predict the future like which
00:48:23.380
countries will succeed one of the best ways to predict the future is how much energy they can produce
00:48:32.500
domestically that is really predictive of how your country is going to go
00:48:38.820
so china's got a big advantage there uh but they also have a big country so they need a lot of
00:48:45.460
electricity so you know there's a there's a reason that they're just also meeting basic needs but uh
00:48:54.900
that's worrisome and then the other thing would be a birth rate so if you asked elon musk
00:49:03.380
what are the big uh risks you know sort of geopolitical risks and country risks etc he would probably say
00:49:12.500
low birth rate is a gigantic problem in every developed country apparently and uh not having enough
00:49:20.500
electricity for ai might be the other gigantic variable that it would be easy to overlook if you don't follow the
00:49:29.620
news pretty closely so yeah have more babies and more electricity and you're going to be in good shape
00:49:39.620
according to the free beacon hunter biden is being sued by one of his probably there were a lot of them
00:49:47.060
law firms that worked for him and say he owes in excess of fifty thousand dollars in fees and interests
00:49:54.740
and uh i guess uh i guess he has paid them a little bit in the past but hasn't paid them everything
00:50:03.380
now i don't know about you but i'm starting to think that hunter biden's uh art career was not a hundred percent legit
00:50:14.820
hmm because i feel like he could have solved that problem
00:50:18.660
by selling just one painting just one so now i'm starting to suspect that that painting operation
00:50:31.380
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anyway let's talk about uh new york city's future mayor this is oran mamdani who's a who's a overt socialist
00:51:51.220
uh republicans are trying to paint him as a communist but more more socialist than communist i would say
00:51:58.500
okay and i realized i had not uh evaluated him on persuasion um i talked about him and his policies and
00:52:09.460
the fact he's a socialist and he wants things like uh rent control and government grocery stores and free
00:52:17.540
transportation and stuff a bunch of socialist things and um everybody who knows anything about economics and
00:52:27.460
history knows that too much socialism will destroy just about anything so new york city if he wins and
00:52:36.820
it looks like he might probably actually um new york city is sort of looking doomed because of his socialist
00:52:45.780
policies but to be fair since i i have in the past reviewed trump just as how persuasive he is you know
00:52:56.260
that's how i got started doing this political stuff and i've done the same with aoc so i've said you know
00:53:04.100
i don't like aoc's policies i wouldn't want her to be my president but definitely she has some persuasion
00:53:11.140
skills and so i decided to look at uh zoran mamdani just as a persuasion filter
00:53:19.540
and i don't think there's any question about why he's doing well if you look at him if you forget
00:53:30.100
policies because voters don't even understand policies for the most part and you just look at
00:53:35.780
persuasion he does have the whole package for for a democrat and a democrat majority city so he's got
00:53:45.780
charisma like crazy he's young and good looking which matters um he is perpetually optimistic
00:53:58.500
um which is not necessarily what the voters are feeling but he's optimistic so he's always smiling
00:54:05.780
he's always got this you know we can fix this problem thing he's a person of color so he's not a
00:54:13.220
generic white guy because democrats are not going to put up with that and when he talks about what
00:54:21.300
he's about he has this little phrase see if this sounds familiar to you or what what does it remind
00:54:28.740
you of it's not familiar but it it'll remind you of somebody else's work um he says he's quite
00:54:36.020
he's trying to and i quote make the city affordable make the city affordable what's that sound like
00:54:50.660
um if if you're worried that this socialist is going to be such a good politician that he can't be stopped
00:54:59.780
he does have the whole package he's got he's got the message he's got policies that if you're
00:55:07.940
a certain kind of person and a democrat you'd say yeah yeah why not that
00:55:14.820
um so if if i'm looking at him as only only for persuasion charisma optimism uh not a generic white guy
00:55:27.140
and he's got policies that fit easily under the category of make the city affordable
00:55:32.340
everybody understands that and it touches them directly and it's not about the rich
00:55:39.860
why is he winning because the people he's running against are not even close
00:55:45.140
they're not even close to that they don't have that package so you know the other lesson here is
00:55:52.020
if you imagine that the democrats are completely destroyed because you know trump won everything
00:56:00.740
and the republicans have the congress and all that all it takes is one candidate who's got this entire package
00:56:11.380
and if you say to yourself but he can't go that far because his policies are batshit crazy
00:56:23.860
obviously democrat voters cannot tell what policies will destroy the country obviously otherwise they
00:56:31.780
wouldn't have the policies that they have so could somebody like that win the presidency not necessarily him
00:56:41.060
well he i guess he was born in another country so he wouldn't be eligible but all it takes
00:56:48.020
all it's going to take is one candidate who's got the full package and uh democrats are going to be right back
00:56:56.100
so that's dangerous according to uh lydia moynihan in the new york post uh luxury real estate brokers
00:57:08.820
in new york city are already getting people saying the rich people are already saying um maybe i don't
00:57:16.260
want to live in new york city anymore so just the fact that the socialists might come into office and raise
00:57:23.140
their taxes and i don't know free the criminals um it's going to make the real estate people pretty busy
00:57:32.180
moving these people out in new york according to um salesforce ceo and founder mark benioff
00:57:43.300
and cnbc is reporting this uh for salesforce um he says that ai is doing up to 50 of the work
00:57:52.580
that would have been that had been done by people does that sound right to you the salesforce is
00:58:00.660
already using ai for half you know it might be 30 to 50 but he's estimating might be up to half of all
00:58:09.140
their work has been done by ai but now the question you might ask is oh no how many people have they
00:58:16.820
laid off because that's a pretty big company and the answer is that he believes that it just frees
00:58:23.780
people ai is freeing people to do higher level work so he's not talking in terms of layoffs he's
00:58:33.140
talking in terms of sort of turbo boosting the power of every existing employee so that they can get
00:58:40.820
all the regular work done with ai the help of ai and then they can you know that'll free them to do
00:58:46.900
higher level stuff that's valuable that is not the majority view and i don't know how many companies
00:58:55.780
that would ever be true for it will definitely be true for some you know there's no doubt about it
00:59:02.580
some companies will maybe add employees because the ai plus an employee is so valuable that you want to
00:59:11.220
add humans to work with the ai because it's also good but there will be companies where they just need
00:59:19.060
fewer people because the ai so it's going to be a little both um and maybe salesforce will have to
00:59:27.700
change their uh staffing um let's say ideals but uh betty off estimates that the software company has
00:59:38.180
reached i don't know exactly what this means 93 accuracy using ai 93 accuracy now
00:59:49.060
is that as good as people because people are not too perfect so if ai is competing with people
00:59:59.060
for these jobs is 93 is that going to get it done i don't know would you would you spend tens or
01:00:10.820
hundreds of millions of dollars on a technology that would be wrong seven seven percent of the time
01:00:16.900
would you i don't know maybe he's betting on improvements in ai but uh that doesn't sound too great
01:00:31.860
is it over in the uk uh the dyson you know dyson the engineering technology company they built an indoor
01:00:41.940
strawberry farm that is worked by robots so the robots are checking on stuff and picking the strawberries
01:00:51.860
and they came up with this really innovative method where instead of just putting things in an indoor
01:01:00.260
garden and then you know picking them when they're done um they have these these big rotating drums
01:01:08.420
that allow the strawberries to essentially get the right amount of light by rotating slowly so that
01:01:18.020
you know all the strawberries get enough light and what this taught me is that you know i have this
01:01:26.020
interest in indoor farms i'm just nerdy enough to care about that kind of stuff but i always imagined
01:01:33.060
that the indoor farms would be growing a variety of food but i'm now completely convinced that every
01:01:41.620
indoor farm should optimize over one product like the strawberries because probably you wouldn't grow the
01:01:49.060
potatoes the same way or corn or anything else so i think robots plus indoor farms plus only one product
01:02:01.140
per farm so you can optimize it maybe as a future there there's still there's still it's tough to get
01:02:09.620
protein from an indoor farm so even if you add a uh indoor i don't know fish farm uh it'd be hard to maintain
01:02:19.380
that so all right ladies and gentlemen that's all i had for today that's the news for today it's friday and i
01:02:27.140
know you're ready to start your weekends um i'm going to talk privately to my beloved subscribers on
01:02:36.260
locals and the rest of you i hope you'll come back tomorrow and we'll do it again same time same place
01:02:44.580
all right 30 seconds we will be private on locals
01:03:12.740
we will be doing placements we'll be doing well