Episode 848 Scott Adams: WuhanVirus, Trump’s Nat’l Address, Tom Hanks, Stocks, Bitcoin

Date: 2020-03-12 | Duration: 1:02:01

Topics

My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a Don Lemon flip-out Sean Hannity is the mothership of coronavirus Loserthink Additional coronavirus Loserthink examples Ian Sams Loserthink tweet…and resume Joe Biden and Kamala Harris chemistry

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## Transcript

[0:06]

don't undercut them dumb pom pom pom pom pom pom pom pom pom pom I like that turn on Studio hey everybody it's time for coffee with Scott Adams the best part of the day I think you'd agree it's pretty obvious really hello dr. Burris hello the rest of you jack good to see you come on in here it's time for the simultaneous it but all you need is a cup of our glass of tanker chelators sign in the canteen trigger flask a vessel of any kind fill it with your favorite liquid I like coffee enjoy me now for the oven care of a little pleasure the dopamine of the day the thing that makes everything including the Wuhan virus better it's called the simultaneous if it happens now go hmm

[1:07]

simultaneous if it happens now go hmm so as I often do I was watching myself in replay so I I play back my periscopes now and then just to see what it looks like and see if I could make it better and I gotta tell you one of the that one of the systems you should implement in your life and it really really helps you understand yourself is making a real concerted effort to monitor your personality after certain conditions have changed so for example monitor your personality after you've had a good night's sleep and then compare it to a bad night's sleep you get to see a difference hungry versus not hungry and as you all know I've mentioned it I'm coming off of a prednisone so I had some prednisone for some sinus stuff and it completely changes my personality and so I noted before I take it so that I could watch

[2:09]

before I take it so that I could watch myself like an observer which is really hard because when is you you don't really feel like you're observing yourself you're just you but you can do it if you practice so I've been watching myself sort of objectively to see if I turned into a different personality I'm prednisone and when I watch myself on the playback I really did so you know I'm on the tail end in it now so we should be normalizing but as I was watching myself I thought I don't think I'd watch that guy he seems kind of some kind of intense and angry and a little belligerent so my judgment of myself is that I was a little belligerent yesterday and a little bit unkind I was definitely hard on the president I doubt I've ever been harder on Trump than I have this week I think you'd probably agree let's talk about all that stuff anyway so it's a good it's just a good technique to learn to

[3:12]

it's just a good technique to learn to watch yourself objectively and say hey is that my normal personality is that or is that because of the meds I'm on or I didn't get enough sleep or something all right there's a whole bunch of stuff happening number one I understand that the Chinese government really really really hates it when you call this any kind of a Chinese flu or or the the Wuhan virus now once I learned that the Chinese government really hates it wouldn't you call the virus that I decided that from now on I'll only call it the Wuhan virus now I don't love calling it any kind of a Chinese virus because Chinese refers to you know variously the country the people etc and that's a little close to to making a you know an accidental racist sounding statement but Wuhan is literally the name of government gives a piece of real

[4:15]

name of government gives a piece of real estate so that to me feels like more government and it's the government of China that I eat with the passion the people are quite awesome in fact let me thank the people of China right now the the people of China as opposed to the government who sacrificed a lot to slow this virus down and you guys did a great job for the for the world certainly the people working on containing it in China were not the people responsible for releasing it if anybody is responsible who knows where it came from but the Chinese people a plus plus plus and the big thank you for the sacrifice that you guys did because I know you were fighting for your own lives and for your families and for your own country but it helped the world as well so thanks and it looks like things are or may be slowing down over there so Chinese really getting handle on it in

[5:15]

Chinese really getting handle on it in these times of national not national global crisis it's good to take stock of the more sober-minded among us so leadership leadership sort of bubbles up where you don't expect it you see this in a whole bunch of different ways people are just sort of stepping up and taking a position on the Wuhan virus taking a position meaning they're there saying what could I uniquely do that would help you know what's what's the thing that I can do that's my skill set and you see me doing it as best I can I was just noticing on Twitter that famous I'd never know what to call him because he's so many things but among others an evolved raava comte is a famous investor an adviser of startups and things like that now you wouldn't probably wouldn't call himself that but but within his talent stack there's this

[6:17]

but within his talent stack there's this tremendous range of investment business understanding and so he he tweets I think it was last night he said current market panic feels overblown now when somebody like navall says that it means more right so if the smartest most experienced people are saying the market looks overblown they're saying it for a reason they're saying it for a reason because the economy is a psychology machine and the people who understand that and have important positions you know in the world where they can say look I'm experienced listen to me on this topic that's what they've all saying he's saying the current market panic feels overblown this is a short-term shock Asian countries show social distancing assisted by seasonality and endure on flu that's my work works headlines will worsen as mass testing

[7:17]

headlines will worsen as mass testing begins so in other words it's going to look worse just because we're discovering more of it as we get better at testing he says take it seriously for yourself wear masks for others don't panic trade he says I don't so don't do panic training so you know that all saying that I'm not a big fan of it but you know there's there's nothing to fear but fear itself which every president said that Rozelle and this is one of those cases where that's purely true the only thing that would destroy that you know the financial markets is bad thinking so if we if we just decide to be too afraid well we'll go I'll go you know basically run off a cliff together but it takes people like Duvall and I hope that my voice adds to this a little bit to say this is temporary because it is I would say the one thing that you could bet on

[8:19]

say the one thing that you could bet on with the greatest certainty of anything you've ever bet on is that it's temporary most things are and so we'll be fine just keep your psychology strong this is not the time to panic sell and I find that a helpful message so when people when people of that station tell you to relax that means something and that's helpful
so there was a apparently a fascinating interaction last night on CNN where Don Lemon was interviewing John Kasich no cases of course is no fan of President Trump but he is a moderate Republican and lemon was trying to get John Kasich to say bad things about Trump's national address last night about the war on virus and cases wouldn't do it it cases basically said yeah I was pretty good yeah it was 98 percent okay yeah I mean

[9:21]

yeah it was 98 percent okay yeah I mean he had to clarify a few things big deal he was reading it from a teleprompter so obviously it was prepared and all the right people saw it and everything and I guess Don Lemon was flipping out because he couldn't get the cases to say something bad about Trump in a crisis now I don't think I've ever liked John Kasich better than last night so much so that I thought if he had you know if he had rear edge' stirred as a Democrat and just ran as a Democrat I mean he to have a shot because he is a completely reasonable level by the guy who has never been crazy and I appreciated him a lot last night just sticking up for the fact that the the president's addressed and I'll give my own criticisms so I'm not I'm not agreeing with cases his view I just appreciate the independence of it the fact that he wasn't going to take aside during a crisis when he's so cute he so easily could have you know

[10:22]

he so easily could have you know criticized the president because he's criticized the president a lot right it's not like Kasich doesn't know how to criticize the president he knows how but he chose during this panic not to nitpick I was something that wasn't worth picking out so good job John Kasich appreciate the leadership here's a question for you um none of this is going to be in any particular good order today but why don't we know more about ventilators here's the here's my question for the news media and I would actually like you you
you newsmedia 270 reporter somewhere you know seven somebody out and get a report on us who is making our ventilators and how and how quickly are we ramping up why is that not the biggest story because it's the most crucial piece of equipment the thing that will be most in-demand if if things crest the way we think they will but who makes them do we even make them in the United States are

[11:24]

even make them in the United States are they hard to make if we wanted to suddenly go from you know making a hundred a week to ten thousand a week could we do it I don't know so you know in World War two one of the most amazing things was that the United States industry just sort of immediately transitioned into making tanks of the war materials etc and dinner pretty quickly I don't know what quickly means in that context but it was quick so here's a question I ask you how close are we in terms of you know the totality of Technology from robots to 3d printers to - you name it how close are we to spinning up a factory to make a product that's let's say robot run starting from scratch like how quickly could we build even if it's a temporary facility you saw trying to build these entire

[12:25]

saw trying to build these entire hospitals temporary hospitals but they built have been like a week what what would it take for the United States with all of its resources in an emergency to spin up a robot manufacturing facility for ventilators because you know you could skip a lot of safety stuff you know it's a temporary building it's an emergency use wave all the red tape out of the way so if you got rid of all the red tape what could the best engineers with unlimited resources of the federal government highest priority working day and night how fast could we do it and why don't we have because somebody's doing it right now right I mean somebody is making more ventilators I think right nobody's making new ventilators I believe they are and how about if you wanted people to help suppose it's a suppose it's an assembly line situation do you think you could find enough

[13:26]

do you think you could find enough people to work on the assembly line temporarily to make these ventilators yeah of course unlimited labor you want labor to make to assemble ventilators you got it I'll do it yeah I'll volunteer tomorrow I'll make you some ventilators it's an emergency of course you have all the labor you want so you have all the money all the labor all the knowledge how fast could we put them together and why isn't the news showing us videos of the people we're actually doing that I have a real curiosity about that because it seems like the main there might not be anything that's more important in the end that's what's going to keep people alive I think all right I I was pretty disgusted watching the news last night I don't know if this is the Preta so I'm still talking so here here's one of those points where I have to catch myself and I say all right is the next thing that comes out of my mouth because I know what it is you don't this is the

[14:27]

I know what it is you don't this is the next thing that comes out of my mouth was that my normal personality I don't really know it doesn't feel like it it feels a little more aggressive than normally I would be but I'm gonna do it anyway I've been trying to figure out why there's so much looser think on social media more than usual and specifically around the the Wuhan virus and I thought at first I thought to myself oh it's just because I'm noticing it more because there's a new topic for people to be doubled about so I'm just you know tuned to it so I'm just noticing it more but there was a similarity to it that I kept saying to myself why why is there this weird similarity to the things people are saying that don't make sense and unfortunately I I found the source I found the mothership here's what I'm talking about I keep seeing people comparing the Wuhan virus to regular flu

[15:33]

comparing the Wuhan virus to regular flu death rates and people will say well a regular flu death rate is tens of thousands a year the Wuhan virus has only killed a few relative to that there you go and I and every time somebody does that I just say to myself stop it stop it the stupidity is crowding me stop comparing the wrong things who compares a problem which by its nature is going to be your logarithmically exponentially increasing but it's just starting who complain compares that to something that's already run its full course well not smart people smart people do not compare a regular virus that's already done a full year of killing people just something that just started because wouldn't you expect the regular flu would be a big number because it's already done and the new one is just article who compares those who is who is

[16:36]

article who compares those who is who is so dumb to say that in public over and over again besides the President of the United States sorry sorry the president did the same thing I'm not going to give them I'm not going to give them a pass on that and then I turn on TV last night to Fox News and I'm watching Sean Hannity say that and I thought to myself well Sean you're a smart guy you know it's good context to say the regular flu kills as many I think that's good to know I'm happy that people are reporting that but that he says and wuhan flus you know when we killed this many and then I'm waiting for Sean say but it's just starting so you shouldn't compare something just starting to something that's already done so I'm waiting for Sean to say that and then he changes the topic he keeps talking I'm like okay well maybe he'll circle back to it and then he doesn't he

[17:39]

and then he doesn't he and I'm thinking that's where this is coming from that's where it's coming from it's coming from Fox News I read an article last night who was it was it Margaret all of it or something who said that it would save lives if if Rupert Murdoch would bear down on Fox News and tell him to stop saying basically that and when I read that I thought come on you know this this is just inside baseball and you know it's not going to save lives if Fox News reports things differently and then I watched Sean Hannity shell and I thought I know I agree with that I agree with that if if Rupert Murdoch wants to be responsible and during this crisis he should talk to Sean Hannity and tell him to stop doing that he should actually just say look I'm the boss it's an emergency normally I don't bother you you know you

[18:39]

normally I don't bother you you know you do your show that's our deal it's not my opinion that's your show it's your opinion Sean Hannity but stop comparing it to the flu and then stopping it's fine to compare it to the normal flu and say but people were just starving so you know this new one is ten times more dangerous we think it could be in you know far bigger than a regular flu that would be great but Sean Hannity I think you need to raise your game a little bit for for the the greater good I'm not I'm not going to put this because it's an emergency I don't like to be hard on people I'd rather that I would coerce people to be on the same side so Sean Hannity and by the way I'm a huge admirer of Sean Hannity's skill stack I think I've talked about that before if you look at the number of skills that Sean Hannity puts together to do what he does it's it's jaw-dropping I mean he

[19:40]

does it's it's jaw-dropping I mean he has a lot of skills that that fit together really well but I don't think one of them is economics as far as I know I don't think it is and economists and scientists are better at comparing things and I think because it's a national emergency and people do mean to take this seriously I think that Sean Hannity I would like to ask you directly to you can still be obviously it's still helpful to say that normal flu kills a lot of people but put it in context please please I mean it's an emergency we need to have the the best information out there we can all right so here's some other we'll talk about the president's address and well actually let me talk about it now so it's a political season so it's impossible to separate the politics from any of the stuff even though we should here was my take on the president's address first of all it was somber but

[20:42]

address first of all it was somber but low-energy I don't know I heard a lot of people say they loved it because it was the right tone it's it's very weird to watch Trump be low-energy and read off a teleprompter because you can tell he's not in his comfort zone my take on it was it was fine in terms of the presentation it was fine it wasn't great and he's capable of being great but fine was all we needed we just needed a we just needed to hear from the president we needed to to feel like he's in charge taken seriously he had all those notes so I would say there was I didn't see anything I would criticize in it but it wasn't a home run or anything it just was a just a good solid presidential speech but interestingly he decided to close traffic to Europe air traffic now here's the here's the way I think you should look at Trump's performance

[21:45]

should look at Trump's performance because none of us are really good at evaluating presidents we were not we think we are we all think we're geniuses and evaluating presidents and I'm no different but we're not good at it and it's good to keep that in mind one of the reasons that we're not good at it as we forget that the valid comparison would be this president in this situation versus a different president but the same situation and that can't be evaluated because there is no way to evaluate a different president in this same situation that can't be done so all you know is how one person did it and then you imagine how it could have been done differently and you end up comparing your imagination of how it could have been done differently to what was actually done and that's not a valid comparison because your imagination is not some kind of standard to which all things can be compared that said here's a good way here's a useful way to break out you know your opinion there aren't

[22:46]

out you know your opinion there aren't that many parts of this emergency that the president actually does the president is one of the least important people in the emergency I know that's weird but he's actually bordering on irrelevant and when I say that that as soon as he does the right things those are the small things he does are right so he needs to focus the country's attention done I'd say 100 percent effective he needed to do the things that only a president can do such as closing the traffic from China and now closing it from Europe I would say that he did those aggressively and decisively and I give him an A for full grades for doing the things the president can do specifically just the president's job then he asked for a two and a half billion Congress said it's gonna be closer to eight and a half he said that's fine and I'll take it you know you could argue he should have asked for the Hayden they have first but I don't

[23:48]

the Hayden they have first but I don't take that's just small ball in the real world if you've ever done anything important in the real world a situation like this is not aim fire hit the target that's not the world where we're in the world of aiming wildly in the general direction because it's an emergency you shoot you see how far off you were you adjust so we're in the world we're in is a take a shot adjust take a shot adjust adjust adjust it's an adjustment world it's not it's not a laser focused hit the target world and so when I see the president asks for two and a half million but then Congress says no we're smarter it's eight and a half billion nine and a half whatever it is you know let's adjust happen quickly happen without any friction right there was no friction to the adjustment so as long as you're seeing people take a shot and then adjust quickly that's everything you can hope for that's it that's your

[24:50]

you can hope for that's it that's your government working exactly the way you wanted to adjust adjust adjust so the things that the president can do I think he nailed like the decision as the president does he put the money there he got the right person gave it the right attention did the presidential address close the airports early those are all the things he can do beyond that his messaging I thought was poor but also irrelevant because as long as he's willing to say blah blah blah here's what I think now let's listen to my expert and I think it's entirely obvious that dr. Fauci correct me if I'm wrong but it seems to me that the the experts that the president has chosen are strong personalities who understand the nature of the threat I believe dr. Fauci and probably the others would stand right next to the president in public and contradict him because they have right

[25:54]

contradict him because they have right now would a plain political person contradict the president if they were on the same party while standing in front of him in public well not so readily you know a lot a lot less likely but I think these professionals are different cats when you when you listen to foul see speak there's nothing political there there is nothing nothing and that's hard to do I mean he is so foul C is so clear of political even vibration that I put a lot of credit in that guy so I'm I have complete trust that the experts are telling the president why what needs to be told doing the things that need to be done and and when they do it wrong they're adjusting so one of the things that was wrong was the test kits how much and how to know what the details were but the early testing stuff was too little didn't work too late whatever so there are questions to be answered there but you know was the President of the United

[26:54]

you know was the President of the United States aware that we didn't have enough test kits well no but of course the the buck stops at the top so they're adjusting but here to the same story I said with the ventilators we should know about the test kits I'd love to see the news reports actually standing in the factory floor watching the people try to scramble to make more test kits than they've ever made before I want to see that process and maybe there's something we could add to it right did they need labor do they need funds do they need expertise does they need me to call somebody we can make something happen faster I'd help anyway so I thought the president's presentation was adequate hit all the notes any complaining about it would not be substances the substantial so I think we're on the right track and I agree with navall that

[27:57]

right track and I agree with navall that that the beauty of this problem is that it has a timer on we know with a very high degree of certainty because the Chinese and South Korean experiences we know that we can get a hold of this we know it'll be hard but we know we can do it so let's treat it like a short-term thing that it is I saw Mike sort of itch noted that if everybody starts doing online education if the colleges stay closed for a while or maybe even the schools the lower lower schools people might find out that they like online education better and they might that's definitely a possibility you have some other unintended consequences that are starting to form one is that I think telemedicine might have a resurgence you know it's already growing but I think telemedicine will get a big boost so you'll see that and I think you'll see

[29:00]

you'll see that and I think you'll see online shopping for groceries just become a thing I just tweeted I think I tweeted it or liked it I forget a story that broke my heart today so I'm gonna tell you to break your heart there's a woman who's tweeting was telling the story a young woman she was in the grocery she was in the parking lot of her grocery store and she heard somebody yelling from inside a car and it was two elderly people who were inside the car they they cracked the window open and apparently they've been sitting in the car for 45 minutes trying to yell to passers-by that they were afraid to get into their car and go in public to shop for groceries they didn't have food and they were yelling to people to help them apparently they didn't have much of a social whole family support system so these two elderly people went there and sat in their car and yelled through a crack in the window and finally this woman said she'd buy him some groceries so they so they put down some money and a shopping

[30:01]

they put down some money and a shopping list and so she shopped for some things and putting put them in her trunk now there might be a lot more of that going on there might be a lot more seniors who are panicked and don't don't have the capacity to get through this the best way so I would say if you know anybody you know in that over 70 age group you might want to check up on them and one way to help them might be to set up some online grocery shopping and maybe you have to do it for them but just have their address and their credit card on it so the food will be delivered to them directly so I don't know how to help the old people in your life but put some work into it so figure out who is your most vulnerable person in your circle figure out what you can do to help them because this will harden virus is not a spectator sport as I say this is this is all of us this is all of us doing

[31:02]

all of us this is all of us doing different things and you're gonna have to help out some elderly people tom hanks and his wife apparently have the Karuna virus there in Australia doing a movie and it's reported that they have it their symptoms are mild but here's the thing that got me a little close to home so Tom Max is 63 years old and reportedly somebody will have to confirm this he has type 2 diabetes is that true and that's one of the top risk factors so he's over 60 that's a risk factor and he has a special condition I'm sure it's well well treated and monitored and he would have you know obviously the finest healthcare but here's why this scares me in particular I'm gonna be 63 his exact age and I also have a risk condition in my case asthma and so I'm watching Tom Hanks like he's the canary in the coal mine for me so if

[32:04]

the canary in the coal mine for me so if if Tom Hanks survives and he's still alive in a month I'm gonna feel a lot better about myself selfishly speaking I'm sort of using it as my my surrogate if he survives the crow to virus I'm pretty sure I can because you know he's a very healthy 63 I've been very healthy 63 except for that one one issue now of course my problem is is is a lung problem so I probably have higher risk if we are checking our prediction models I would like to check mine for you number one did you see the video of Kamala Harris and Joe Biden together in which they they pretend they're doing an endorsement and calmly says she's endorsing Biden and then they do a staged artificial conversation after the F
F the director yells cut in which Kabbalah

[33:06]

the director yells cut in which Kabbalah talks about her I guess her supporters are called the K hive for comma K hive and Joe Biden talks directly to them in hopes that they will support him in his campaign but the the actual most interesting part of the little video because we know that the Democrats are lighting up behind Biden so that's not surprising but the part of the video that is most interesting is their chemistry watch watch the if you have a chance watch it or watch it again watch the chemistry between Camilla Harris and Joe Biden it's really good it's actually really good to me anyway I mean I suppose I could be fooled by it but from an observers perspective they look actually like a good pair like they have some genuine affection and apparently the back story is that they do because Carla was apparently very close with Beau Biden and therefore Joe Biden so I think Coble is gonna be at best

[34:08]

think Coble is gonna be at best prediction that I ever made because as vice president she would be as effectively the presidential candidate but here's another one so I think it was the fact-checking me on this but I think I'm right on this it was January 28th that President Trump called for the ban on travel to China January 28th on January 24th most of you watched me go absolutely crazy on periscope yelling that we should close the borders so that's a four-day different so January 24th I was aggressively calling for the Chinese travel to stop and when I said it I don't know if anybody else had
somebody says Wow Scott you love that Harris lady don't you apparently you're new here nobody has criticized cobbler Harris more than I have but that doesn't

[35:08]

Harris more than I have but that doesn't change the fact that demographically she's a good fit for the the ticket and it doesn't change the fact that she has real good chemistry with Joe Biden they have you know honestly let's look at this way if you assume the Joe Biden has some declining rental situation there who do you want is the vice president do or somebody that he picked who is just some governor that he doesn't have any connection with that just fits well within the ticket but wouldn't have any special connection to him that would be kind of dangerous wouldn't it because if if the risk that you're looking at is that Joe Biden might be you know not fully able to complete it a term as president you want that vice president to not just be capable of taking over the job but you want them to have a really good connection with the boss because that's a delicate conversation and it might not be a case of where a medical doctor says okay I'm calling the

[36:10]

medical doctor says okay I'm calling the I'm calling it I'm a medical doctor you know we need to replace the president but I don't know if you wait for that you want somebody who's close enough to the president to say in a private in a private conversation you know Joe you saw what you did yesterday I'm worried about it I think we ought to have a serious conversation about this I think kamo Harris might be close enough to him personally that she could have that conversation I don't know if a governor could just some random vice president he picks because it fits good on the ticket so I think she's a guarantee anyway so what I'm going to say about I called for the travel ban on January 24th the president did it on the 28th he's being praised for doing it early I would like to add this to my correct predictions even though it wasn't in the form of a prediction because I I don't know if anybody in the country said it before I did can anybody confirm that for me was

[37:13]

did can anybody confirm that for me was there was there any public person I'm sure there were private individuals plenty of them but was anybody in public calling for the Chinese travel to be shut down completely before I did on January 24th let me know because I'd like to feel like I was a constructive voice in that but there's no way to really know all right let's see how's the social distance incoming for all of you I've just sort of track my social distancing you know putting numbers on it I'm doing it in my mind I'm not not keeping a spreadsheet but yesterday for example I shook 0 hands and I was in 0 crowds and the only person I touched was Christina

[38:13]

the only person I touched was Christina so I'm doing okay i-i've not stood and by the way have you noticed that everybody in public is squirrelly have you noticed that somebody says something says shut TF up common-law sucks and everyone knows that maybe some of you are new but on this periscope were allowed to say that somebody does things well but also does some other things not well if you can't handle that you're on the wrong periscope yeah the minimum requirement for being able to watch this periscope is that you have to be able to say that people are not all bad or all good and groups are not all bad or all good well okay there's probably some groups that are all bad but we don't talk about them too much so you know try to try to improve your games so that you can accept that people could be good at things and bad at other things it's the thing it really is

[39:18]

NBA got cancelled all the rallies are canceled remember I told you yesterday that the president should have gone first because whoever goes first just looks like they're the smart one because you know it's all going to happen you might as well go first the weirdest just the weirdest story about this NBA cancellation is that that so there was one player Gobert gob TRT or is it Gobert this is again makes me feel like the simulation is winking at me that the guy who's in this story has Bert as the last part of his name go Bert anyway so he's a basketball player and prior to be prior to being tested and finding out that he is the first NBA player confirmed to have the coronavirus prior to testing this is the funny part before he was testing he's giving one of these little pressors where each of the players come out you know by themselves and talk to the press and he jokingly

[40:18]

and talk to the press and he jokingly stands up and makes a joke about the corona virus and then in front of the cameras he jokingly touches all the microphones and all the places like he is joking that he's going to spread the corona virus to whoever comes next to the microphone he did that on camera joking and at the time he did it he didn't know he would be the first person tested to actually have corona virus
what what is happening is the simulation is it just screaming at us to know that this is made up I'm just asking real was there was there one other basketball player that we could find a video footage video meaning you know that you actually see it in which they were joking about having the corona virus was there even one other player anywhere in the in the professional athlete world the only one who joked about it on

[41:18]

the only one who joked about it on camera is also the first one to be confirmed to have it what's happening how is that even possible somebody says he's pronounced Gobert which sound sounds correct all right so I think the the world of large social gatherings I could see two things happening you know I had always predicted that large gatherings would have to be canceled at least outdoor gatherings because of drones you know and teres just seems like that was obvious but maybe the the other reason will be pandemics and by the way it's officially a pandemic which changes nothing let's talk about the worst forms of loser think I'm seeing here and I mentioned one and I'm just a run through this list you've heard some of this but it's worth reminding you because you're gonna see so much of it one is that people are comparing Italy who's having all kinds

[42:20]

comparing Italy who's having all kinds of trouble with their hospitals their hospitals are overloaded with corona or woo woo Hardin virus patients and people are saying but don't worry about that Ascot because that's Italy you know Italy is not the United States we're not going to have that kind of problem they just have you know whatever lesser health care services or whatever now that's looser thinking here's why you do not compare or you should not rationally compare the Italian situation right now to any future American situation the the accurate and useful comparison is Italy now with the coronavirus versus Italy with a normal virus in other years with just the normal flu have their medical facilities ever been overrun and the answer is no so that's why you need to know that this virus is not like other viruses don't feel that you're safe because that's only going to happen to

[43:22]

because that's only going to happen to some country that has less resources or something because even in the top hospitals you know they're really high-end hospitals in Italy they're still having the same problem it has nothing to do with the quality of the medical care or or anything that's just a bad flu so first loser think is comparing other countries to us you should only compare those other countries to themselves in the past with a regular flu that's your best comparison now other people say Scott Scott Scott if you think this flu is bad explain to me why South Korea has already got apparently control on it so the number of new cases was declining to which I say that's the exception that proves the rule South Korea did what nobody else could do just massive testing and social distancing and fast acting and you know just really dramatic changes very quickly and it worked

[44:22]

quickly and it worked apparently or at least it worked in a sense of slowing it down I don't think we're gonna you know eradicate it right away but what you should learn from that is if you take drastic action you can slow it down that shouldn't tell you anything about what's happening in Italy because they didn't do that it's just a different situation and of course don't compare the regular flu to this flu because the regular flu has already run its course we know it's full numbers this one's just starting and the risk is that it ramps up faster than those other ones so understand the difference so those are the main things all right here's here's the more looser thank in the form of analogy this is from actor kamyelle Nanjiani i think he's the actor on Silicon Valley if I'm correct you might be a stand-up comedian too I'm not sure what he does anyway

[45:24]

sure what he does anyway he offers this analogy about closing the flights to Europe he says from Europe he says trying to fight the coronavirus by limiting travel between Europe and the u.s. is like trying to clean a coffee spill by washing the coffee cup so he's coming out it's actually a clever analogy so in terms of cleverness is an a-plus and it's basically a version of you know closing the barn door after the horse get out so basically it's just saying it's too late to which I say what what is wrong with your brain if there's new virus coming in from Europe all the time it's never too late it can't be too late if new virus is coming into the country and it's not already here in the same amount or worse so using an analogy of a coffee is so non-rational non-thinking

[46:25]

is so non-rational non-thinking craziness now do you what are the odds I didn't look at his biography but what are the odds that Kumail Nanjiani who's an actor by profession what did the odds that he also has a background in science or stem or economics probably low yeah unless he just thought it was funny I suppose and he knew it wasn't logical but it was funny can't rule that no here's another one another opinion and the funny part is who it comes from so I'll tell you the opinion first and then I'll tell you who it comes from okay so that's the fun part all right so this is from a tweet it says we're weeks past the point when suspending travel from Europe could have even remotely been seen as a strong major measure to prevent coronavirus spread and then the tweet goes on this is Steven Miller orchestrated xenophobic sleight of hand so that the real clever plan here is xenophobia and the tweet goes on we need

[47:29]

xenophobia and the tweet goes on we need solutions for the crisis we're facing at home right now all right so this is somebody who thinks we're weeks past the point when suspending travel from Europe would have been seen as a strong measure what I'm pretty sure everybody who was surprised by it last night thought it was a pretty strong measure what is good what would be a stronger measure the closing flight and closing travel from Europe which by the way a lot of Europeans are white just I'm just saying doesn't seem so racist so this is one of the dumbest effect if I'm being honest this is one of the dumbest lowest level of thinking and awareness I could ever see you've got this ongoing flow of problems and the president stopped it before anybody even thought it was on the table and this guy says they should

[48:30]

the table and this guy says they should have happened sooner which is literally a chapter in my book loser think if you look back a bed shelf no maybe it's not there anymore oh there it is it's this one it's called loser think you can't see it because the the light but there's actually a section in there where I'm talking about exactly this alright we're talking about exactly the fact that you can always say that something should have been sooner so that's actually a chapter in the book called loser think about bad ways of thinking is that no matter what you do and how good it is somebody's gonna say you should have done this sooner right because you could always do it sooner there's no exception to you should have done it sooner in the real world I mean hypothetically there could be you know in a in a technical sense but in the real world there's never an exception yep always could've

[49:31]

never an exception yep always could've done this sooner so that's the dumbest complaint because it's just universally true so who is this guy who makes the dumbest point in public without knowing it's so dumb you should not say this sort of thing in public what kind of job with this guy have in which he's so dumb and so I checked his a his profile and he was the communication and strategy for campaigns and candidates and he was the former national press secretary for Camilla Harris that's right the guy the guy who was part of the campaign that I had identified months ago as the worst really the worst campaign I've ever seen he was on that campaign and sure enough I had identified him as extra stupid from his tweet and then I looked to see

[50:32]

from his tweet and then I looked to see where he works and I find that I had already identified that campaign as extra incompetent coincidence I don't know yeah his name is Ian Sam nothing that matters all right I think that's about what's going on I don't know what's happening with this Cabala Harris thing it's it's sort of weird because I feel like I I'll say ABC and then I'll watch right in front of me and people will say Scott why are you saying XYZ and I'll say well not I just said ABC and I reject XYZ and then within five seconds somebody will say but why do you love XYZ and I'll say I know what's happening what's happening no my view I'm come lares is that she's likely

[51:33]

view I'm come lares is that she's likely to be the vice president I don't think she is my first choice for anything but there you have it she's got some sub skills and she's got lots of issues that she needs to improve well why can't I say that what's wrong with that let me say so I'm seeing somebody in the comments used I think it was James Woods who tried to nickname calmly Harris as it heals up because she has some history of a relationship with Willie Brown politician in California that helped her a career both Willie Brown and she admit that's true and for me that's the end of the story you know what's all the people that once all the people who are involved said yeah that's kind of true that's true aren't we done I mean once you get people to say yeah that's totally true yeah my relationship yeah that helps they help my campaign aren't we done what else is there to say about that

[52:34]

what else is there to say about that blaming people for things that they acknowledge is a true statement of fact should be the end of the story should be the end of the conversation I think I'm gonna start blocking people who say this guy has a crush on a oversee that's I saw that go by in the comments I'll give you one day of I'll give you one day of amnesty okay but after today you will be blocked for dumbness for accusing me of being in love with some female politician just because they're part of the conversation okay we can we can be a little better than that so we'll just block you going forward bit going that's Bitcoin just fell off the cliff this morning right but that you have to check it every five minutes good lord holy hell the stock market's

[53:36]

good lord holy hell the stock market's really taking a dump huh Bitcoin is down to seven I'm sorry it's not down to seven I'm looking at a fund so that has a different pricing but it's down to 19% today so it looks like it's down to a new low Twitter down 9% Amazon down 4% well now all that I would refer you back to involves comment this is no time for panic selling but it looks like a lot of people are doing panic selling some somebody's testing me by saying Scott has a crush on a OC and your test was successful you got locked you love her blog a lot of people want to get blocked and why did I

[54:42]

somebody says you said you'd never mentioned the racist a oversee but that was a lie did I ever say that if I did I didn't mean it did you see Pence's under for you I did not
not Dow's down mm yeah you know I just wanted to worry about the stock market honestly because it's gonna do what its gonna do and your share of stuff will be the same all right slaughter meter well the slaughter meter is in a state of flux right now you know if if the election were held today it would be a total slaughter and the president would win gigantically but there's so much happening with the corona virus and you know this is going to be a frothy year whatever problems we have we're gonna have new ones in the summer it's just that kind of year so nothing is predictable anymore but if the election were held today President Trump would win in a slaughter

[55:47]

somebody says hope you took your money out I don't do that so market timing is not something I do so if you're doing market timing good luck some of you win some of you will get wiped out it's just not my thing somebody says you need to go to my interface that one huh but profile yeah blockers gonna block all right we're just looking at your comments you know if you don't follow mark Snyder on Twitter you really should because there's all kinds of stuff happening in the nuclear energy field and you could argue it's the biggest news in the world that doesn't get covered because what could be more important to the you know the hissing the future of civilization what could be

[56:49]

the future of civilization what could be more important than developing these new miniature nuclear power plants and you know we've got free safe clean energy that solves any risks that you might imagine from climate change and etc it's like the biggest story and almost every day there's a new story about something got funded something's going into a test site the government to prove something there's a ton of stuff happening in the nuclear energy field but I think all of it is in the getting ready for stuff you know kind of domain so that when stuff starts getting online it's gonna happen really quickly so in other words there's a point where you're not going to see anything tangible but there's just a ton of activity and that's what we're in right now for nuclear power but you're not gonna see the plants for I don't know maybe in five years people will start showing you pictures of the nearly completed plant and stuff but it's gonna happen quickly when it happens it's just not happening yet one of the weird

[57:55]

not happening yet one of the weird things about this economy is that not everybody is going to be affected there will be businesses that that just do better I've been trying to game it out in my head like what's likely to happen because we've never seen a situation where everybody's stopped traveling for three months all right like I don't think we've seen that situation so we're all just guessing what happens now one thing that happens is a bunch of people save their money so for everybody who loses a paycheck and I hope we can figure out something to do about that because that's a pretty big problem a real big problem but for everybody who loses a paycheck for every small business that loses customers and there will be a lot of them I feel as though there may be an equal number of people who still get their paycheck just like always even if their employer is not doing so well you know they're not losing money yet so let's look at their paycheck and they won't be spending as much so you

[58:55]

they won't be spending as much so you have this weird situation where there's a whole bunch of people who are just by luck we're not affected they get the paycheck and they don't spend as much so they're building up their a little savings account all other people are suffering what happens the day things you know let's say when things go back to normal what happens with the people who have extra money do they spend it extra fast or does it become part of their permanent savings if the people who actually gained money during this and I might be one of them by the way so I'm a perfect example as far as I know at least in the short run my income will be roughly the same because you know at least for the next three months everything was sort of in the pipeline and most newspapers will still be in business and and all that so at the end of three months I will have saved a bunch of money that I normally would have spent I would have traveled I might have bought more stuff I would have gone

[59:55]

have bought more stuff I would have gone out more I would have gone out to restaurants more what happens to that money now in my case you know maybe I have enough money so it doesn't make any difference in the world but it could be half of the country has extra spending that's pent up and they've been locked in their houses for three months so you might see a pouring of spending like we've never seen before just because it's possible you know the the people who are living paycheck to paycheck let's say as a server for a restaurant they weren't going on big expensive vacations anyway so that for them the job is to survive you know to to to bite the basics but there are a lot of people who are going to have some extra cash and they're going to spend like crazy when unless they just put it into the stock bar which is also possible oh by the way all that cash that came out of the market that's got to go somewhere right people people don't sit on cash in the long run it's not a thing nobody does it won't

[1:00:58]

it's not a thing nobody does it won't happen so all of that like trillions and trillions of dollars that just people took out of the market they parked it somewhere where's it going it doesn't disappear it just moved and as long as it's still there it's gonna move back when these do so here's the the long story short that you're gonna see a recovery that happens so fast it'll make your head snap so anybody who's not in the market when the turnaround happens because it's probably gonna be like you know just two or three days the whole world is gonna say well it's back its back its back get in get in get in so when it turns back up you're gonna miss a lot of gain as it goes up so it's not the time I would be out of the market but I'm not giving you financial advice that's all I got for now oh I'm overtired let's let's go go back to our day and you have a good day