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April 7, 2025 - Real Coffe - Scott Adams
44:46
Episode 2802 CWSA 04/07/25

God's Debris: The Complete Works, Amazon https://tinyurl.com/GodsDebrisCompleteWorksFind my "extra" content on Locals: https://ScottAdams.Locals.comContent:Politics, Mike Waltz, Signalgate, Tim Walz, Jake Tapper, Adam Schiff Protests Spin, Hands-Off Demographics, Forest Management, Hunter Biden FARA Violations, Military Parade Planning, Stock Market, Tariff Negotiations, Jamie Dimon, Low IQ City Fertility, Cartel Money Laundering, GARM Advertising Cartel, DeepSeek Self-Improving AI, Eric Schmidt AI Kill Switch, Hydrosponge Water Generation, Scott Adams~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If you would like to enjoy this same content plus bonus content from Scott Adams, including micro-lessons on lots of useful topics to build your talent stack, please see scottadams.locals.com for full access to that secret treasure.

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Coffee with Scott Adams.
Usually this is what I tell you to check your stocks, or I check them for you.
Don't do that.
Whatever you do, don't check your stocks.
But let's get our comments going here.
And we'll be in good shape Mom Oh.
Good morning, everybody, and welcome to the highlight of human civilization.
It's Cold Coffee with Scott Adams, and you've never had a better time.
But if you'd like to take this experience up to levels that nobody can understand with their tiny, shiny human brains, all you need for that is a cup or mug or a glass of tanker chalice or a canteen jar or flask or vessel of any kind.
Fill it with your favorite liquid.
I like coffee.
And join me now for the unparalleled pleasure of the dopamine end of the day, the thing that makes everything better.
It's called the simultaneous sip.
And guess what?
It happens now.
Go. Oh, so good.
Well, before we get into the politics.
Let's check on science.
There's already science that didn't need to be done.
According to Cy Post of Vladimir Hedra, he's writing that there's a study that shows that men are more distracted by sexual images than women.
Now, you probably know what I'm going to say next.
You could have just asked Scott.
Yes, somebody got paid.
To show porn to men and women and then measure their response.
I feel like giving a slow clap, a standing ovation to whoever successfully got funding to do this study.
If I were a scientist, I would spend most of my time trying to figure out how to do totally bullshit studies that were fun for me.
It'd be whatever was my favorite thing.
I'd be like, hmm.
Let's see.
Do people who read cartoons have a better day?
Does reading cartoons reduce your depression?
Anyway, next time, just ask me if you want to know who likes sexual images more, men or women.
Let's see.
Do we have any backward science where they got the causation backwards?
I don't know.
Let's look at this one.
According to SciPost, Eric Nolan is writing, That there's some new research that links gratitude development to lower adolescent depression.
So the more gratitude you develop, the less depression you have is the suggestion.
But could that be working the other direction?
Because you know what?
When I'm depressed, I don't get depressed often, but if I got depressed, I don't think I'd be thinking about gratitude.
But if for some reason I became less depressed, I would suddenly think, you know, I'm grateful for this or that.
Do you think they got the causation right?
I don't know.
Maybe. Maybe they did.
But this is one where I say to myself, it could have gone the other way.
Do you remember the news about the tariffs applying to those two islands that had no people on them, just penguins?
Do you remember that story?
It turns out there was a good reason for putting tariffs on the penguin islands.
If you didn't hear the story, it's funny.
When Trump put all of his tariffs on everything, it included two, I guess you'd call them countries, but they don't have any people, just penguins.
But the reason is so that real countries with real people can't use the fake countries as a workaround for the tariffs.
In other words, they can say, oh, it's not coming from my country.
It's coming from the penguin.
The penguin island.
There's no tariffs on the penguins.
So, actually, it made total sense.
They're just closing a loophole.
Here's an update on Signalgate.
According to The Guardian, they did an investigation and Mike Walsh has been cleared.
Now, he did make the mistake, but here's what he did not do.
He did not ever intentionally add Jeffrey Goldberg to his signal contacts.
So if you're asking yourself, well, I understand punching the wrong button, but why in the world would he have Jeffrey Goldberg's contact in the first place?
And the answer is he didn't know he had it.
And there is an explanation that makes sense.
So let's see if I can get this right.
So there was a...
There was an email that got forward to the Trump campaign.
Now, not to Mike Walsh, but to the campaign.
And then the campaign wanted to get some extra people's opinions.
The email included Jeffrey Goldberg's contact information.
So somebody named Brian Hughes copied and pasted the email from Jeffrey Goldberg into a signal text message.
And then Signal healthfully thought to itself, hey, if Mike Walsh is looking at a message that has Jeffrey Goldberg's contact information, maybe he would like to add it to his contacts.
And somehow, I think it confused the phone number for Goldberg or maybe Walsh did with Brian Hughes.
So he thought he was adding Brian Hughes to his contacts.
Based on a suggestion that popped up.
But he probably just didn't read the suggestion carefully.
And the suggestion was to add Goldberg's name.
Now, I accept that.
That sounds just weird enough that that's a real world thing.
So, I think that's the end of that story, actually.
How many of you have seen Jake Tapper use Tim Walz as a speed bag on CNN?
Poor Tim Walz.
He is so bad at interviews, and he's so game, he's out there all the time.
But here's a question that Jake Tapper asked Tim Walz on CNN.
He said, I'm paraphrasing this, but were the Democrats gaslighting the country about Biden's health, inflation, and the border?
Imagine being the number two person who ran for president on the Democrat side, and even CNN is saying, essentially accusing him of gaslighting the country on three of the biggest issues, the health of the president, inflation, and the border.
Now, here's how I interpret that.
I know a lot of people are saying, that Jake Tapper, he's for the Democrats.
Well, He might be.
I think he's registered independent or something.
But if I wanted the Democrats to win, I would spend some time destroying Tim Walz just so he didn't accidentally get nominated.
Because there's no way that guy could win the presidency.
There's not even the slightest chance he could beat anybody for the presidency.
So maybe that's what's going on.
You know, the destruction of Tim Walz.
Well, Adam Schiff, Senator Schiff, was on Beat the Press, and he was talking about all the fake protests.
Now, I call them fake protests because we all know, at this point, we all know that these are artificial.
It's people who are paid, it's senior citizens, and it's crazy people.
But basically, these are inorganic.
These are completely financed and organized by...
By dark forces, which we have a good idea of who they are.
And they're all just basically Democrat operatives.
So Schiff is trying to sell all this fake protest as, quote, the energy you're seeing now manifest around the country in these mass demonstrations show that the Democratic Party is waking up.
Is that what you're seeing?
It doesn't look like that to me.
If you have to pay people to show up, they're not waking up.
They're just cashing a check.
But here's the thing that I would be...
If I were going to talk to Adam Schiff, I would ask him the following question.
I'd say, Adam Schiff, if this is the Democrats waking up, there's some kind of people who are missing from the protests.
Let's take a look.
I see a lot of middle-aged women, and some of them brought their husbands.
I saw a lot of senior citizens.
They seem to be almost entirely white.
But I don't see any young men.
No young men.
Except for a couple of crazy ones.
What about black Americans?
How in the world do you get that many people in the street who are Democrats and none of them are black?
That is the question which must be asked.
Because what it does is it reveals that it's artificial.
What else is it going to be?
And it's funny that the news still allows people to pretend these are real.
When do you call these protests the next big gaslighting?
If you were Jake Tapper, and it's two years from now, are you going to say to somebody who's a guest, Were you gaslighting the country, Adam Schiff, when you said that this was the energy manifesting as opposed to obviously paid and organized?
So that's the new gaslight.
These are real protests.
No, they're not.
Well, Trump has raised the logging quota 25%.
Joel Pollack is writing about this in Breitbart.
But there are two reasons.
One is to clear the forest to make them less forest fiery, less risk to forest fires.
And the other reason is perhaps to get more lumber so that we can compensate for any loss of lumber from Canada from the tariffs, etc.
But the question I wondered is, how often are those the same thing?
If you're clearing out a forest, For the purpose of fire suppression.
Are you getting good wood?
Or are you just getting all the crap?
And so I went to Grok.
Now, I gotta tell you, I use Grok several times a day now.
And I'm quite impressed and quite happy with it.
When I prepare for the show, there's always some context that's missing.
And I always want that context.
And it's just...
Write one sentence into Grok and boom, context.
So here's what Grok said.
Some of that wood that you clear from the forest just for fire suppression can actually be used for construction.
Depends on the kind of trees and how big they are.
You can't do much with the small underbrush.
And there's a lot of that.
But depending on the trees, you can use them, and if the trees are not the perfect kind, you can turn them into plywood or particle board.
But there are probably at least two different reasons why the quota went up.
One of them probably is to get good trees for construction.
Jonathan Turley is talking about the New York Times news story on Hunter Biden.
Now, how many of you knew?
That the longer Biden is out of office, the more the, let's say, reputable news sources would have to confess, yeah, well, there were some problems there.
Yeah, we may have known about a few things.
Yeah, Hunter may have done some bad things.
So the latest is the New York Times ran a story that when Biden was vice president, That Hunter was working for Burisma, and he went to the American ambassador to Italy and tried to get the American ambassador to Italy to help him get the Italians to make some kind of an energy deal.
Now, if that's true, and remember, this is the New York Times reporting it, so they're not exactly pro-Republican.
If it's true...
Then it's inexplicable why he wasn't prosecuted.
Well, it's not inexplicable.
Obviously, it's because of political connections.
But these are exactly the kind of crimes that other people were prosecuted for.
Manafort, for example.
So it is a crime.
It's a fair violation to be lobbying on behalf of a foreign country.
You can't lobby the United States on behalf of a foreign country, which is exactly what he was accused of doing, unless you're a registered agent.
And he was not a registered agent.
So will that turn into any kind of charges?
I doubt it.
I doubt it.
Maybe he's already pre-pardoned for that.
Well, there's a report that...
Trump is planning a big military parade to celebrate the Army's 250th birthday.
I didn't know armies had birthdays, but all right.
I didn't even get anything.
And the route will be from the Pentagon to the White House, just like the Gulf War parade in 1991.
Here's what's going to be interesting about a military parade.
The point of a military parade is to show how awesome your military is.
Right? I mean, you're kind of showing the rest of the world.
That's why Kim Jong-un does it.
It's not just for his local audience.
It's to show the world you have this great military.
But the problem is, almost everything that we're going to highlight in a military parade would be obsolete.
I saw a post by Naval Ravikant, and he said this, I think it was last night or this morning, he said, any country that can't manufacture drones will be a vassal state.
The military is just going to be drones.
Everybody smart, I think, understands that.
It's just going to be drones.
If you can't make drones entirely within your country, or at least, let's say, with a friendly neighbor, You might have some parts you need.
You're not going to be independent very long, because whoever can make better drones is just going to own you.
So it will be a weird kind of parade, because it will be a parade of essentially obsolete military equipment.
But it'll look impressive, I'm sure.
Well, let's talk about the stock market.
How many times do you think the stock market has gone down 20% or more?
Just off the top of your head.
In the history of the United States, how many times has it dropped 20% or more?
According to Grok, the answer is 20 times.
How many times did it fail to come back to even higher levels?
Zero. Every single time it came back.
Now, sometimes it took years.
So it might take five to ten years.
But it has a 100% record of coming back.
100%. But the thing you need to know is that not all corrections are the same.
If the reason it went down is that it was oversold by 50%, which is probably the dot-com situation, it's not going to come back quickly.
Because all it is is an adjustment until the stocks are worth what they're actually worth instead of being overpriced wildly.
So that's going to take a while.
But let's say you had some artificial shock from the outside and it was a temporary shock and one that didn't involve resources too much.
So it wasn't like a shortage of oil because that caused once.
Is the S&P up?
I see somebody posting in the comments something that looks like the S&P is up, but I don't know about that.
So we'll check that after the show, I guess.
So here's what I think.
I think that the question of how long it will take the stocks to come back, because they'll come back.
But whether it takes five to ten years, or it takes six months, or it takes one year, is largely going to be based on how quickly the whole tariff situation gets resolved.
So let's talk about that.
If the tariff situation is sort of quickly resolved, let's say by the summer, you're going to see the stock market just tearing back.
But there are lots of, you know, that's not easy.
But here's what we know.
I saw a post by Nick Sorter.
He was saying that Taiwan has agreed to drop all tariffs on the U.S. They're joining India, Israel, Vietnam, and Cambodia, who also want to have zero tariffs.
Now, here's the trick, if you want to be the smartest person in the room.
It's not good enough that countries drop tariffs because they have other ways to screw us.
So anything from...
Property from currency manipulation to VAT taxes to duties to various restrictions.
So some of these offers are kind of fake, meaning that they're not really offering anything because they have other ways to kind of nickel and dime us.
So these are negotiations.
These are not, even if somebody says, we want to go to zero tariffs, that's the beginning of the negotiation.
That's not the end of the negotiation.
So we're closer to the beginning than the end, but that looks positive.
So over 50 countries have allegedly called to negotiate with Trump.
That might be an exaggeration, but I'll bet it's in that range.
And here's something that mattered to me a lot.
I've mentioned this before a number of times, but the top banker in the country, in my opinion, would be Jamie Dimon.
So if Jamie Dimon says something, you should listen.
Not only because he has a long track record of being wise and somewhat non-political, so he's just sort of calling it like he sees it.
He said that he says the tariff policy issue should be resolved quickly.
That's the head banker of the country, who again is not Republican, Democrat.
He might be Democrat, but he's...
He's famously, and I appreciate it, he's non-political.
He's a little bit political on DEI stuff, but I'm just assuming he has a daughter that cares about him.
I don't know if that's his actual opinion.
But when he's talking about economic stuff, he's one of the people you want to listen to.
So if Jamie Dimon says, yeah, this will be fine, we'll just work out this tariff stuff pretty quickly, that is a really good signal to the market.
Because he's not crazy.
He's not lying.
That's almost certainly his real opinion.
And there are very few people who would have the complete understanding of the economy to say that this is going to resolve quickly.
Well, here's what Trump is crowing about today on True Social.
He said oil prices are down, interest rates are down.
I guess apparently the Fed is meeting today.
Which means, I don't think it's a decision about interest rates today, but it seems like everything is set for them to lower interest rates.
We'll see.
That will be the biggest deal if they do.
Trump says food prices are down, there's no inflation.
I don't know about no inflation.
And the long-time abused USA is bringing billions of dollars a week from the abusing countries.
The abusing countries.
From the tariffs already in place.
And then he's saying that China is the biggest user at all.
And he says their markets are crashing, which is apparently true.
Not crashing as much as ours, but the Hong Kong market seems to be down 13% last time I checked.
That would have changed by now.
And the currency is having a problem over there in China.
And so China will be the last country to negotiate just because I think China would be perfectly happy if they could force Trump out of office by not negotiating and not selling TikTok.
So they may have a different game, whereas stocks up.
So let's see what else is going.
Then Trump also says he's not willing to make a deal with China unless the trade deficit is solved.
Now, there's a trillion dollar, I guess, annual trade deficit with China.
And he says that that has to be solved.
It's not good enough just to negotiate.
Wow, China is down.
We need to...
Make sure that we don't have the trade deficit.
Now, the only way you can do that, I'll take a fact check on this, is if China moved production to the United States.
But is that going to happen?
So, can you really get China's trade deficit of a trillion dollars down?
I don't know.
Maybe. I don't know how you could do it, but maybe.
I guess I'm open to hearing the argument for that, what that would look like.
Well, Australia has contacted the US.
They want to start negotiations because they obviously are getting hit pretty hard.
The European Union says we're ready to negotiate with the US on tariffs.
Japan's Prime Minister just said we need to propose ideas about how we can together create jobs in the United States and contribute to their economy.
Now, Japan really knows how to be an ally, don't they?
Have we ever had a better ally than Japan?
Now, I suppose the fact that they depend on us for military protection is a big part of this.
But this is exactly what I want to hear.
It's almost better than what I expected.
That they want to work hard to come up with ideas about how to create jobs in the United States.
And contribute to our economy.
Good. So I guess that would mean more other countries manufacturing over here to avoid tariffs.
Do you remember Francis Macron?
He had suggested that the French companies stop doing business with the United States.
And I thought to myself, what?
Can French companies really stop doing business with the United States?
Is that even a thing?
And apparently the big French companies just told him to stuff it up his ass because there's no way that Macron can tell them where they should invest and they're definitely going to invest in the United States.
A lot of them have gigantic entities.
Why am I seeing so many numbers?
There's a whole bunch of numbers in the comments, but they're all over the place.
What do the numbers refer to?
Because a whole bunch of you are very insistent on saying something with numbers.
Hmm. What's this?
Breaking. Trump considering a pause to tariffs for 90 days, excluding China.
The market explodes green in celebration.
Ah! A pause in tariffs.
Well, the pause in tariffs, well, that was my very next thing.
That investor, what would you call him?
Investor? Bill Ackman?
He had suggested a 90-day pause.
Now, a 90-day pause makes perfect sense if the countries are willing to negotiate.
And given that so many have shown a willingness to negotiate, you should expect that 90 days would be completely the same.
So, good.
I heard there's a little bit of a pushback between Bill Ackman and Lutnick.
You know, Lutnick on the Trump administration.
Because Ackman thinks that Lutnick is long bonds, meaning that he owns bonds in his investment company, I guess.
And if you own bonds, then the stock market going down is good for you, because people will take their money and put it in bonds, and that drives the price up.
So I don't know if that has anything to do with what Lutnick's up to, but everybody is rich.
Has all these conflicts of interest.
There's just no way for a rich person to do anything without a conflict of interest, because they're just too connected to too many things.
In related news, China is getting dumber, according to a user, Kremu.
The S&P is up three...
What is it?
It looks like the Dow is up 800.
Ackman apologized.
Oh, Bill Ackman apologized about the bond thing.
Okay, that's good.
Yeah, if the pause in the tariffs makes the stock market shoot up, that's telling you that it was never going to be permanent.
Well, not 100% for sure.
But it does indicate that this was not a permanent structural problem, but rather just something we had to bang our way through.
And the 90-day pause is a very positive sign that the U.S. and the other countries are taking it very seriously, and they're going to bang their way through.
So, good.
Anyway, getting back to Cremieux.
He said a friend of his made a graph that he showed on X. The graph shows that the fertility rate in China is much higher in the provinces with the lowest IQ.
So the smartest people in China, this is obviously not 100%, but a lot of the smart people end up in the cities because that's where the good jobs are.
But it's also expensive to live and expensive to have a kid, and it's in their system.
It's hard to find somebody to marry unless they live in your city.
So the smartest people have been compressed into the cities and put in a situation where having children isn't such a great deal economically, whereas if you're living in a rural area, having some kids to help you farm might be just a plus.
So the net effect is that China's getting dumber really fast because the low IQ people are apparently very fertile.
In other news, Iran has counter-offered.
Now, Iran, we're not talking about tariffs in this case.
Iran is talking about war because I think there's a May deadline.
From Trump to the May deadline for Iran to essentially become sane or else Trump says he's going to bomb them.
They've decided that they're going to talk to us indirectly through Oman.
But, and then separately, Reuters is reporting that Iran-backed militias in Iraq are ready to disarm to avert Trump's wrath.
I don't know if these are important militias or just maybe some small militia that wasn't getting funded by Iran anymore.
So I'm not sure the militias are telling you much.
And I don't think that Iran is serious about negotiating.
I think they're just stalling.
I think the longer they drag it out, the happier they are.
So I don't see any hope that that's going to go anywhere.
This is interesting.
Apparently the US...
...has gone hard against the Sinaloa cartel and sanctioned six individuals and seven entities, entities being companies, that were basically fake money laundering companies so that they can money launder their illegal gains.
This is according to Gateway Hispanic.
Now, here's my question about that.
How hard was it for the United States to find how the Sinaloa cartel was laundering its money?
Doesn't that feel like the sort of thing we should have already known?
And does that indicate that the Biden administration just wasn't even doing anything?
Or was there some magic process that the Trump administration applied that they could find these money laundering individuals?
Quickly. I don't know.
Yeah. So the cartel CIA connection may be part of that story.
But apparently Trump's not worried about that because he just said, we're going after your money.
And probably, probably they know how.
So that's good.
Well, do you remember that group called GARM?
G-A-R-M?
It was that big group of people who tried to organize all the companies that advertised so that they had this powerful advertiser cartel.
And they could tell X or anybody else what to do.
Or they could say, we're not going to be advertising on X. And then all the companies of Garam would say, all right, we're not on X. Well, MasterCard, which was one of the Garm people, according to Reclaim the Net, D.D. Rankovich, they've decided to pull out.
Now, it's just one company, but their reasons were that they're taking steps to, quote, distance itself from that chapter in its corporate history.
In other words, they were embarrassed.
Now, that's exactly the right response.
MasterCard should have been embarrassed that they were an anti-free speech contributor.
By being part of GARM, they were part of the badness, and there was no reason for it.
So, that's a positive sign.
Moving in the right direction.
You know the deep seek?
AI that China came up with that was lower cost, but seemingly almost as good as the American models that were much more expensive.
Well, apparently the next thing that's coming from DeepSeek is self-improving models.
Now, they're not self-improving yet, but apparently there's a working paper that shows that's what's coming.
And what that means is that the AI will...
Use some kind of a judge system to try to learn things and then judge whether it's learning the right things.
And so this is the next big thing in AI, is AI that can improve on its own.
Now, here's what former Google CEO Eric Schmidt said about that.
He argued that we might need a kill switch for such systems.
When the systems can self-improve, we need to seriously think about unplugging it.
And I understand that, because if the AI is improving on its own, you don't know what you're getting, and it might improve too fast.
But I don't think that's going to apply to these LLMs.
My guess is that the self-improving models That you have to worry about would be a future technology that we don't yet have.
I think the large language models are just sort of lossy and buggy.
So probably all this will do is fill in some cracks and make them less buggy and a little more reliable.
So I'm not worried about this particular iteration destroying all of humankind.
Story that seems small, but it might be big.
According to interesting engineering, there's a hydro sponge that's been invented.
And you might say to yourself, what's a hydro sponge, Scott?
Well, it's a sponge that's made out of special materials that are apparently not that rare.
So no rare earth materials needed.
And they can make this sponge and they can just Put it outdoors, and even if it's kind of dry, if it's a dry area, no clouds, it can absorb moisture.
And it does it without any electricity.
Now the catch, this has been invented before, but the catch is you would still need electricity to release the water once it gets in the sponge.
But apparently they've invented one that requires so much less energy to release the water.
That the sun would do it.
So you could just put the sponge outdoors, it would suck up water, and then the sun would warm it enough to release the water.
It's a zero energy, at least man-made energy, a zero man-made energy to create fresh water out of air.
Now, if this thing actually works, this is completely transformative.
I mean, it would be one of the biggest technologies in the history of humankind because it would end water shortages wherever you had these sponges.
So I just hope they don't put them in the ocean because it'll dry up the ocean.
No, just kidding.
It won't dry up the ocean.
All right.
Those are the big stories of the day.
I would like to give you a product review.
Did you ever try to buy a blanket?
You know, not for your bad, but let's say just a, you know, nice blanket that's soft.
And did you notice that some blankets are not the same on both sides?
Like some blankets will have this nice, fuzzy, comfortable side, but then the other side is just kind of weirdly smooth.
And it's like a half blanket.
Don't ever buy a half blanket.
It's ridiculous.
If your blanket doesn't feel soft and fluffy on both sides, that's a throwaway blanket.
You just put that right in the garbage.
Because it's going to make you mad every time you pick it up.
So, that's my recommendation.
Never buy a blanket that's different on one side.
Alright. That's all I got for you today.
And I'm going to talk to the locals people privately.
And we'll catch up on what's happening in the markets.
It's like the markets are jumping all around.
Because most people just don't even understand any of it.
I've been seeing some of the worst takes on markets.
Especially the odds of the market coming back.
I don't think people understand anything about tariffs or markets or anything.
So maybe there are people like Scott Besant and Peter Navarro who understand enough to know what's going on.
Jamie Dimon would be another.
But I see a lot of journalists writing about the end of the United States because the stock market went down for a week.
Doesn't look like that to me.
To me, it looks like it's temporary.
And the other thing that makes me curious about how things come out is I remember seeing an interview with, I think it was Barbara Cochran.
She's a real estate investor type who used to work with Trump.
Now when I say work with him, I think meaning she was in on some of the same deals.
And she said that he was the greatest salesman.
That she had ever witnessed in her life.
Like, just crazy good at selling.
Now, that was in the context of selling real estate deals and making deals.
Now, what you're seeing is Trump selling something that's really hard to sell, which is, I'm going to make your stocks go down, but in the long run, through negotiation, it's going to be way, way better.
That's a really tough sell.
I think it was...
Mike Cernovich pointed out that you need a second term president who's not afraid of getting reelected and who just has balls of steel because the things that the United States needs to do are hard and they're going to be a little bit painful and it's very much a dad energy that you're just going to have to do the hard thing to get to the good thing and if you don't do the hard thing you might be out of business.
So, Watching Trump sell this is kind of exciting because it's the biggest sale of his life, maybe even bigger than getting elected.
You know, you'd think that would be the biggest, but this probably has more consequence.
So it's the biggest sale of all time with the best salesperson of all time.
And it does feel like he's turning the ship.
And what you look for...
He's going to play up any kind of activity that's on his side.
So every time there's a country that calls and wants to negotiate, he's going to tell you things are going great.
He's going to tell you how good things are going to be when we get it all worked out.
He's going to tell you how bad these countries have been treating us.
And he's really good at it.
He is really good at it.
So it's sort of him against the world.
You know, probably maybe 98% of the entire planet would have said, don't get into a trade war.
And Trump said, I can sell a trade war.
And now he's selling it.
Now, he hasn't sold it to everybody.
And if you're depending on your stocks for your retirement, etc., you're pretty panicked.
But he never promised you it would be easy.
He just promised you it was necessary and we could get to a better place.
I still think that's probably true.
The future is unpredictable.
But if I had to look at just where we are at the moment and then look at the skills of the people involved, the only one that's sort of up in the air, I think, is China.
And I'm not so sure that China is stable or unstable because I'm seeing both.
Sometimes people say China is like a little island and essentially like an island and that they can just survive longer than we can so they can hold out and they have all the advantages.
But then other people are saying that China is literally failing and their economy is falling apart.
Who said the other day that China is a savings-based economy and that they do a lot of construction to pretend like they're doing a lot of great stuff, but they're building stuff that they don't need and nobody wants.
One of the examples was they have these really impressive indoor malls, but there aren't many people shopping despite China having a lot of people.
There are not many people shopping because they are more into saving.
And they just go there because the air is cleaner and they have air conditioning.
So apparently going to the mall is just someplace you go so you're not outdoors and you're not in your home.
And we've got more of a consumer economy.
They've got more of a savings economy.
And we'll see if that gives them some extra superpower to allow us this.
All right.
All right, ladies and gentlemen, that's all I have for today.
I'm going to talk to the locals people privately.
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