Episode 976 Scott Adams: The COVID-19 Cure, Biden’s Raisen-Brain, the “Worse Than Watergate” Guy

Date: 2020-05-15 | Duration: 53:39

Topics

My new book LOSERTHINK, available now on Amazon https://tinyurl.com/rqmjc2a Content: Are Jennifer Rubin, CNN, MSNBC Russiagaters self-aware? There’s a cure for coronavirus…but only on FOX news Sorrento Therapeutics discovers STI-1499 antibody STI-1499 flushes coronavirus within four days Obamagate…a coup and unmasking, are the walls closing in? Don’t wear masks that reduce infection by 80%?

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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## Transcript

[0:10]

well I'm here where are you oh there you are there you are right there I knew you'd be here quickly good good morning are you ready to cure the pandemic I am we might need a few things to do that we might need a breakthrough therapeutic a cure a vaccine maybe but until we have those things and I'm sure that they're near we can get a head start on it with a little thing I call the simultaneous sip yes it will boost your immune system you think it won't well you're no doctor okay some of you are doctors but I think you'll back me on this the simultaneous sip will boost your immune system probably protect you from I don't know cancer coronavirus strikes from meteors pretty much everything well that's why you don't get your medical advice from cartoonists but all you need is a cup of Margot or class of tanker chelators

[1:11]

Margot or class of tanker chelators tying the canteen jugular flask a vessel of any kind filled with your favourite liquid I like coffee and join me now for the unparalleled pleasure the dopamine hit of the day the thing that makes everything better including the damn pandemic it's called the simultaneous sip and it happens now go alright I have a fun game for you to play are you ready it goes like this find a Biden supporter online challenge them to make the following definitive statement I challenge you to say publicly here on Twitter that you believe Joe Biden is mentally competent
now you say to yourself last no problem they're just gonna say sure he's mentally confident right not anymore not anymore

[2:15]

not anymore not anymore I tried this with uh with a guy online and I just said that directly because he made some comment about you know by didn't being better than Trump I forget what it was and it was right after I had oh it was after I had tweeted yet another Biden blowing his sentence clip which is ironic because I blew my sentence describing Biden losing his mind and blowing his sentence it doesn't mean I'm crazy not yet not yet and so somebody on Twitter you know made the comment that trumps know better and and showed a clip where Trump is mashing some words which of course we all do and so I thought to myself does he really think that looks the same because you could do a mash-up a mash-up of everybody you know who speaks a lot in public getting that words wrong alright

[3:15]

public getting that words wrong alright everybody knows you can do that but this outlook the same as the Joe Biden stuff can you really look at me honestly and say yeah it's just the same thing everybody misses a word now and then put them all together it's gonna look pretty bad so I just said can you state directly here on Twitter that you believe that Joe Biden is mentally capable what do you think he did he might have changed the subject actually he actually said directly he still prefers Biden so without answering the question do you think he's mentally capable he actually said he still prefers Biden I'm thinking you know especially since this was done in public on Twitter that would have been the ideal time to say oh he's monkey he's mentally capable I'm sure duh you know I wouldn't be I wouldn't be supporting the guy for President of the United States that was you know I have

[4:15]

United States that was you know I have his finger on the nuclear button unless I thought he was mentally capable I mean ah duh and we're actually in a situation that is so divorced from anything that's sensible or just makes any sense at all that people are literally and in public preferring the guy that they can't even say they can say in public that he's mentally capable and they want to put him in front in charge of the nuclear arsenal I'm not even making this up I'm not making this up so you have to try this this technique if you run into any perfect situations on life let me know how it goes so the the latest I think there are three different clips of Biden just going off the rails just the last 24 hours the best one of course is when Biden saying we've lost 85,000 jobs

[5:17]

we've lost 85,000 jobs no no it's tens of millions of jobs its 85,000 lives if you can't tell if any then he starts going and millions and millions of things and and the it he's just completely off the he's off the tracks so I watch it and I actually don't know like did he actually momentarily think that it was 85,000 jobs we lost it makes you wonder if he actually thought it for a moment or already just mash the jobs and the death numbers it looked bad whatever it was then also yesterday he I think Trump is on the way to having one of the best weeks anybody ever had iDEN also said that he doesn't remember Tara Reid but he advised that if women believer that they probably shouldn't

[6:18]

believer that they probably shouldn't vote for him what it's that it's everything that you shouldn't say all in one sentence the first part where he says Biden says he doesn't remember her he doesn't remember her she worked for him for a while she doesn't remember him I'm not sure that helps them do you think it helps Joe Biden that he has a memory problem because this isn't the first thing you think when he says I don't remember her do you say to you do you say to yourself oh well there were so many people who have worked for him over the years he meets a lot of people yeah that seems reasonable just some Rando in his office he wouldn't never hurt or does your brain immediately go to Wow what else has he forgotten right because of his age and his brain doesn't question the first thing you think is well he may have forgotten her but he's

[7:19]

well he may have forgotten her but he's pretty quick to deny that he didn't have sex with a woman he doesn't know existed because if you could forget she existed maybe there are other things you could have forgotten if you know what I mean now the part that Joe does well I would say is that his denial of this does seem unambiguous have you noticed that if I'm being fair if we're being fair his denial it's pretty darn good you know I have to say she you know his his accuser is very credible you remember credible doesn't mean true just means that everything about her seems consistent and believable so I would say I would put complete credibility on the claim but at the same time it could also be true that the denial can be credible right you could have a credible claim and a credible denial and they could both be solid-gold

[8:22]

denial and they could both be solid-gold credibility only one of them it could be true but they could both be credible I gotta say Biden's denial of this he you know given that he's not the most clever with words you would expect that you would expect that if it was a fake denial in other words if he had an actual memory of it and he was just lying I feel like his words would reveal it because he's just not that good with concealing his you know words reconciliate sauce in clever words every time I talk about Biden not being able to talk clearly he just totally ruins my fluency I know I know that's gonna happen again gets in your head but anyway I would rate the quality of Biden's denial really good really good only from the from this perspective he says that clearly and

[9:22]

perspective he says that clearly and confidently and he doesn't leave any wiggle room when he denies it he also says and this helps his denial he says that it's out of character so even though he says that you know he doesn't remember it he's saying you know I would certainly remember assaulting somebody in a hallway basically you know which seems were a fair thing to say right it's like okay that's so Anna character I don't have to remember or not remember that's just not me it would be like it would be like if somebody accused me of eating a steak last week and I say I don't remember that they can't really come back to me and say alright well you said you don't remember but I remember it so you know there it is no because I don't use steak so given that I haven't had a steak in 30 years I don't have to remember if I had a steak last week I know I didn't so I could know it without having a memory

[10:23]

could know it without having a memory Biden has the similar situation either you know from his telling oven right I'm not I'm not saying I'm getting in his head but from his telling of it that's a pretty good denial it's like okay this that's like it you're describing a person who's a whole different person I don't have to remember to know I didn't do that you know I I can tell you with confidence I have never sexually molested anybody in the hallway right I mean I know that about myself do I have a memory of all the times I've been in the hallway not really but I Know Who I am and I didn't eat a steak last week and I didn't sexually lest anybody in the hall of the capital want to be specific about the hallway there all right I have this great enduring curiosity about this and I wonder if you do too are the people who have been lying to us about the Russia collusion thing and now we're trying to lie to us that the Obama gay

[11:25]

trying to lie to us that the Obama gay thing is no big deal at all are they self-aware do you have it do you have an opinion on that and I'll throw out some names in particular Jennifer Rubin Maggie Haberman and Carl Bernstein the worse than Watergate guy I'll just use them as my three example people do you think there's any self reflection going on and I actually don't know this is a legitimate question I don't even I'm not even sure which way I lean on this do you think that in their quiet times they say to themselves oh my god I wonder if the country realizes that we lied to them for three years mislead them deeply and we're still doing it do you think so because I saying somebody says I've spoken to them all three of them that would be weird lookee here your comments because I'm

[12:26]

lookee here your comments because I'm actually very interested in seeing your opinion so some say they're believers unaware mental illness they're all nuts
three horrible people that sums it up part of the swamp they're sick it looks oh look at your looking your opinions they're just all over the place self loathing not a chance two movies on one screen either way is bad no they don't care yes all right so your answers are all over the place so you're about where I am which is it's just hard to tell but I want to see if you if you get this impression you know we're all stereotyped herbs and but we're all biased you know we try not to be so you try not to put your bias on the news but you can't really help it and I'll tell you what if I watch let's say historically not not talking about

[13:26]

say historically not not talking about the last year I think but historically if I watch the Republican on the news and let's say the Republican was saying something I didn't like what was my feeling about that Republican well usually my feeling was oh that's coming from you know some religious base that you know I'm not buying into all that or something so I would often think oh they're starting from some philosophical starting place that I don't buy into so therefore a big sense that we don't have the same opinion on a few things right so when I see a Republican I'm just okay they get this philosophy or religion or something and it's incompatible with this all right I get that but when I see a lot of the Democrats say the anti-trump errs in particular I'm not going to say Democrat I'll say anti Trump errs when I see the anti Trump errs such as Carl Bernstein and haverman and Jennifer Rubin and some

[14:28]

and haverman and Jennifer Rubin and some of the hosts on CNN such as Don Lemon what is your what is your just impression of those people is your impression that they're coming at it with a different philosophy and that's why your opinion doesn't match is your opinion that they're coming at it as basically criminals we're just making stuff up to make money and they know it's not true I mean it wouldn't be illegal but you know the sort of a fraudulent intent does it register that way with you or do you register it as mental illness because so so I'm going to give you my opinion which is that it registers is mental illness which is different from saying it's mental illness all right so I'm not going to give you a diagnosis I'm not a doctor right even though I even though my medical opinion has so far been better than the experts on the coronavirus but

[15:30]

than the experts on the coronavirus but that's probably just a coincidence we're not going to say that that's a trend they should continue but when I look at a lot of the the anti-trump critics the way it registers to me and I'm going to be careful with my language right I'm not saying that they have mental problems that would be totally irresponsible I'm not going to say it I'm going to say it feels like it so I can only talk about myself so this is just a comment about my self when I watched the FTA troopers on TV not all some of them are perfectly reasonable people but there's a class of them you know that the really hard course that that read to me like mental illness now URL you were aware from your own life that and by the way when I say mental illness I don't mean there's necessarily something organically wrong with them but rather that or they're troubled by

[16:30]

but rather that or they're troubled by whatever the situation is so let's just say troubled in a way that would be a mental distress of some sort it doesn't doesn't necessarily have to have a name on it like you know I'm not saying it's bipolar or something that has a name
that's my that's my take I wonder if everybody else has that the answer this question do you do you receive them just your human sensors do you read them as mentally having a problem or is just live or just or maybe they're right you're wrong who knows
alright just looking at your comments as they come and they're a little kind of time all right and is it a coincidence that Carl Bernstein hasn't been on television I suppose he's hiding in his basement yeah and may not have all the technology he needs but as Carl Bernstein been on CNN since Obama gate became Obama gate

[17:32]

CNN since Obama gate became Obama gate have we seen him since then because I have to wonder if they feel comfortable putting him on do wouldn't you love to know what the conversation is as CNN privately wouldn't you love to know what the producers as CNN and the avi air talent are talking to themselves about right now right wouldn't you love that because I feel like I I know what Fox News is saying you know the producers and stuff because I feel like what they're saying ends up on the page right so don't you feel like you know exactly what the producers and on-air people have Fox News think because I think they just put it on the air usually you see it but are the CNN people putting on the air what they think because it doesn't look like it maybe it is it doesn't look like they're trying to put on the air the

[18:32]

they're trying to put on the air the things they actually internally think to be the truth it feels like they must be in some kind of weird world but here's the fun part it's a big organization there must be people and see event who are on both sides internally there must be people who say okay okay we just have to say we were wrong about this for three years I mean this is embarrassing we should just admit we were wrong for three years and then there's probably some other producers saying yeah we don't have to do that we don't have to do that because the the Republicans don't watch this station the only people who watch it are the ones who are gonna believe anything we tell we'll just hope we weren't wrong we'll just say that didn't happen we weren't wrong it'll be fine watch this and then they just act like it didn't happen it's fine it totally works they can literally create any reality they want so long as they know their people are walled off from the rest of the you know

[19:34]

walled off from the rest of the you know the competing competing opinions and they are I who is a Jennifer Rubin who's still saying the walls are closing in on trumps lawless presidents and I guess there's Clips the first thing the walls are closing in all through the the Russia collusion stuff I mean it's so it's so absurd now in an entertaining way that I can't do anything to laugh at it if you're not watching CNN just for the jokes well you're missing a good show well I buried the lead buried the lead as they say here's the biggest story of the day if you haven't heard it maybe you've already heard this maybe this is the first news you're getting so there's a cure for coronavirus just let that sit there for a minute oh I should say more

[20:36]

there for a minute oh I should say more about that yes there's a cure for coronavirus maybe maybe so but it's only a cure on Fox News if you go to CNN that there's no story about this so what did I tell you when they heard two networks and one has a story that says this is totally true and the other one not so much well it means you shouldn't believe it yet I let this with age a little bit because it's brand-new news I think it's news from probably yesterday afternoon but it's a california-based bio a pharmaceutical company called Sorento California represented you know if you want some smart people come to California we got a lot of problems in California we got your you know hypodermic needles on the streets we got your taxes we got your immigration problems we got your homelessness we got lots lots problems in California but the other thing we

[21:37]

in California but the other thing we have we've got some smart people here we've got some smart smart smart people in California and what some of them are at this company is Sorrento and they have made the following claim so sorrento therapeutics will announce their discovery i guess today of the STI a 1499 antibody which is the good one i don't know if you if you're keeping track of your antibodies this is the good one the STI $14.99 oh yeah that's a good antibody right there so I guess it's a company that had millions of antibodies sort of in their library for just this sort of reason so that they could run their tests against I don't know if it's computer simulation or actual tests but they were probably computer simulation just guessing but they ran their tests against all their existing catalogue of millions of antibodies and they found this one that's sort of a superstar and what it does is it wraps around the

[22:38]

what it does is it wraps around the corona virus it just puts a wrapper around it and they can't infect you and it just gets passed from your body do you believe it yeah San Diego company but here's the thing that that just caught me by surprise if you're a legitimate traded company you've got to keep some credibility right what would be worse than making a claim that you do was just BS and then you know three weeks later everybody knows you lied you're a public company what's that going to do to your stock price remember this is a billion dollar company so you know it's a serious company billion dollar company at least that's what somebody offered to buy them several months ago a billion dollars and they this is the exact quote from the company we want to emphasize there is a cure not a therapeutic not a

[23:41]

there is a cure not a therapeutic not a vaccine when have you ever heard a legitimate American bio biotech company say in direct language we want to emphasize there is a cure there is a solution that works 100% dr. Henry G founder and CEO sorrento therapeutics told Fox News if we have the neutralizing antibody in your if you have the unique neutralizing antibody in your body you don't need the social distancing you can open up a society without fear they found there was one particular antibody bah bah now if this guy's lying well he could be wrong and not lying right he could be maybe just optimistic but how unusual is it for a CEO to make a claim of a hundred percent cure he used the word cure and he said a

[24:43]

cure he used the word cure and he said a hundred percent have you ever seen that ever now this guy is either so far out on you know on a branch that he's just a nut because even if you were 99% sure you wouldn't say a hundred you just wouldn't I mean nobody responsible would say a hundred percent unless unless they actually believed it nobody responsible and we don't know if he's responsible right we don't know this guy he could be like the biggest bad guy in the world we don't know so if he was the biggest bad guy in the world yeah he could make a crazy claim apparently some big companies have made crazy claims already and gotten in trouble so he it wouldn't even be the first pharmaceutical biotech company during perotta virus to make a

[25:44]

company during perotta virus to make a claim that wasn't true so it wouldn't be the first time so if you're evaluating this you'd have to say why is it only news on fox news that's your first red flag you know why isn't there more widespread coverage of this is it just because CMM doesn't want to give you any good news about coronavirus I hope not I doubt that would be the case is it because the claim is so so ridiculous meaning ridiculously optimistic that CNN just said I don't know about this it could be they're just better at news I hate to say it but you can't rule out the fact the Fox News bit on something and the CNN reporters are saying and that's that's a big claim you know I'm not gonna write that you know if you would not use the word cure I'm fine we'll write a story about it if you had not said a hundred percent okay

[26:47]

you had not said a hundred percent okay fine we'll write a story it's promising we do that all the time but it could be that these claims are so absurd maybe true but they're absurd sounding in our brains at the moment that that the other news organizations just went oh I don't even know if we can I don't know if we can report that yeah so it might be just a time lag maybe takes a little while before they report on it but I'm gonna tell you this is highly highly unusual for anybody at that level to make that kind of claim is either it's either career suicide right because this founder he's he's got a billion-dollar company so basically he you know he's a super-rich guy unless he messes up and he didn't need to do this right remember this is a company already successful and

[27:48]

this is a company already successful and a founder who's probably already worth hundreds of millions of dollars he doesn't need anything there's nothing he needs would he get in front of the world risk his entire company his entire fortune on a lie this this ridiculous now of course there's also the possibility he's not lying but he's also not right yeah I mean that's the obvious possibility but full disclosure don't take any advice for me on financial stuff you really shouldn't I've had a number of situations where I've been right guessing on some financial stuff but probably as many when I'm wrong so you know I feel like I get the politics right more often than not
not but don't take my advice on finances really don't except for general concepts like diversification but just fair full disclosure I bought their stock this

[28:48]

disclosure I bought their stock this morning stock in Sorento now you should not buy stock in Sorento if you think it's an investment it's not anything like an investment it's just something that dumb people like me will do because I don't know I do I guess I just wanted to bet on optimism if you told me was that a smart thing to do no no it is not smart not even close to smart to put your actual hard-earned money on a news story about one company making a claim in a context where lots of companies are making claims that most of them are not true but I just found myself wanting to bet on optimism today sometimes sometimes you just want a bet on optimism if the stock has already gone up so much before I bought it that I can't even imagine it will be a good good idea you should be hearing me in a week saying I wish I hadn't done that that's what I would expect but I just want to bet on

[29:49]

expect but I just want to bet on optimism today I want to go into the weekend feel that way all right so here's the fun part when these various states are being reviewed for how they're doing with their reopening the early indications seem to be there's not not any problem with the early opening places there doesn't seem to be a big change yet but it's too early and there are lots of other factors such as summer what what may be the reason that the southern states that are opening up earlier are getting a good result because it's warm what what if it's just warm so we will never know why something worked and why it didn't but we will all be sure we did everybody who's bias is that we should open up quickly we'll look at the states that opened up quickly and they're gonna say well it's right in front of you look they opened

[30:50]

right in front of you look they opened up quickly when fine compared to the other states no no better no worse so therefore we were right all along when we said you should open up early that's what people will say there will be no reasonable basis for that opinion because we won't know probably never we won't know what worked we'll never know when this is all done for the rest of time smart people will say ok you got it wrong the real reason it didn't go wrong in Florida let's say it doesn't the real reason was the weather turned the real reason was they they dealt with things differently the real reason was the people's social distance on their own the real reason was you know it's gonna be like that the real reason was people stopped shaking hands you'll never know why something worked or even if it worked I don't think we'll ever be able to tease it out of the data but man people are gonna be sure people are gonna be sure they see stuff in that

[31:53]

are gonna be sure they see stuff in that data that they don't see and so I was just out of Twitter this morning you know it's called the anecdotal data and somebody said to me Scott Scott Scott Florida you know they closed they closed late they opened up early they don't have any problems is that anecdotal is it anecdotal Scott the Florida not only closed late but they opened early meaning that they were open more than other states and they still have you know acceptable death rate is that is that just anecdotal Scott to which I say yeah that's what it means that's like literally the definition of anecdotal that's exactly a mcdowell that that lacks a rigorous scientific analysis that's anecdotal and still the the fascinating two movie situation with

[32:55]

the fascinating two movie situation with this Obama Gate unmasking this is a really interesting one so on CNN the Obama gay thing is nothing but gas lighting and can Piercy theory and there's nothing to it on fox news it's bigger than Watergate and it's this giant conspiracy to spy on a political campaign using the organs of government the worst thing ever which ones true can't both be true well I'm gonna be on the side of saying that the walls are closing in it doesn't it feel like that it feels like the walls are closing in on the Obama administration bad people who did whatever they did with FISA and spying on Flint but at the same time I'm gonna say those walls have not completely closed in so if you think that you see the direct evidence of the crime it's

[33:57]

the direct evidence of the crime it's not there yet it's not there yet do I expect that we'll ever see it I don't know because sometimes you never see there might not be any indication of what people were thinking which is really the entire accusation the accusation is what were they thinking because if we found out you know if we found the documents to say why they wanted to unmask and why 39 people needed it what if there's a good reason on there could be right 39 people have to fill out legal paperwork that could be discovered to say why they needed to know that Flint was the other person on the transcript they must have written down reasons how bad are those reasons do they just leave those boxes blank or do you think they said something like in the context of my work I need to know where we are a visa V Russia that's it that's all they have to say anyone anyone who one masked whether they're a

[34:57]

anyone who one masked whether they're a diplomat or Obama's chief of staff who you automatically think well what do they have to do with any of this but since the issue was the very nature of the relationship between the United States and Russia basically everybody in the government who had some kind of an official role had a reason reason to know that now I don't know how common is that they would unmask to get a little bit of data about something you know that stuff will we'll learn so it does seem to be highly highly unusual based on what we know so again if you're asking my opinion it sure looks guilty it sure looks like a coup well I have the direct evidence yet and I'm gonna hold off for it you don't need to all right a new study suggests that covin 19 cases could be cut as much as 80% if people wore masks what 80 percent first of all

[36:02]

wore masks what 80 percent first of all do you believe that do you believe that if everybody wore masks and I'm assuming that the hypothetical here is that you'd wear them as soon as you woke up right you know just everywhere do you think it would cut corona virus spread by 80% because I'll bet that's not far off yeah I don't know if it's 80 percent or 60 percent or 50 percent but it does it does feel to me if the people who were infected were wearing them why wouldn't it reduce it I mean it just feels like you should and so how far we've gone from masks don't work could you imagine you were the Surgeon General and you wake up in the morning and you know you're the guy who's famous for saying in public don't get a mask mask don't work and then you wake up and then it's still the crisis you're still in the middle of it people are dying by the thousands and you see yeah actually

[37:03]

the thousands and you see yeah actually if you had not told people that and might have cut the spread down by 80 percent what what I'm the Surgeon General and I gave people advice the wrong advice and if I'd given them the right device that would have reduced infections by 80 percent well I wouldn't have because we didn't have enough supply but in theory this is some of the worst medical advice of all time if you had if you had to guess what was the worst medical advice of all time well probably back when they said smoking was good for you that was probably the worst medical advice of all time but I would say second place would be the mass don't help you in an infection really that had to be the worst second worst advice Hey
I keep seeing more and more things that vitamin D is is gonna be important oh I I got my vitamin D supplements so I was

[38:05]

I got my vitamin D supplements so I was holding off you know I was just using the Sun and everything and I still just grabbed the Sun but I didn't know if I wanted to also supplement but I thought that the risk/reward of that was good so I'm gonna do you know maybe a thousand two thousand units a day so that would be way under way under a level that I would have to worry about having too much of it but it would be probably protective in a general way not necessarily a coronavirus way but in a general way vitamin D apparently is good for you Mitch McConnel conceded Thursday that there was he was wrong to claim that the Obama had left no kind of coronavirus plan behind apparently there was a detailed Obama administration plan for how to deal with a corona virus breakout but what we don't know is with that plan have helped us have enough PPE know with that plan have told us what to do about

[39:06]

that plan have told us what to do about closing the airport doubt it did that plan have anything in it about risk management if you thought hydroxychloroquine worked but it wasn't proven no so I don't know what was in that detailed plan I think it was mostly about which which organizations talked to who and who was in charge I think it was more of a framework for how the government organizes if I'm right but did you hear any problems on that regard we've heard tons of problems of you know hey where's our ventilators where's our PPE you know tons of problems about outcomes but have we heard one complaint and I'm not saying it didn't happen I'm just saying it's weird that we haven't heard about it have we heard one complaint that the real problem was that the government didn't get self organized efficiently or that they didn't know who to talk to didn't know who was in charge you know

[40:06]

didn't know who was in charge you know I'm sure I'm sure on the ground there was plenty of that complaining because there always is hey who's in charge he was doing this but in terms of you know you're the country and you're looking at your government how'd they do was there anything in the Obama coronavirus plan that made any difference because don't you think everybody knew that what the CDC's role was probably don't you think everybody knew the president was in charge I think so don't you think that all of the different organizations that knew immediately I have a role in this don't you think that as soon as they read the news and said oh I'm a I'm a virus department or I'm a medical this or you know I'm FEMA or whatever don't you think every one of those organizations said immediately oh this is where I jump in and the way I connect to the process is the way I always connect uh-huh so I'll call the CDC make sure they know who our main contact is I'll hit the I'll hit the president's

[41:08]

I'll hit the I'll hit the president's office make sure he knows we're up and running I've got a feeling that the Obama plan that said how you organized for the pandemic probably just happened spontaneously because every organization already knows who they are if you know your organization has a certain role and the time comes for that role to come into play probably there wasn't that much of a problem figuring out who does what yeah it's sort of normal business stuff just my guess according to Scott Gottlieb MD who was a great follow by the way on Twitter he says the national data is showing that the number of coronavirus deaths is plateauing or going down a little bit but I don't know do we still have some kind of a time lag problem I'm not sure I'm gonna believe anything yet and so what is CNN talking about today they've got this whistleblower Rick bright so he's the

[42:12]

whistleblower Rick bright so he's the abstracts eeen agency in and he's complaining now among other things that the n95 masks that we bought were not effective now here's the thing you know I like me a good whistleblower you know whistleblowers are important I like a good whistleblower now and then but if your whistleblower is complaining that the masks we bought from Asia were not effective I just don't know that that's on us right is that on is that on the government that products they bought were poorly made I mean obviously we wish they had known to check or they've done some testing or something but it seems to me that in an emergency choose a situation everybody just bought everything that they could buy because the alternative was worse wouldn't it be way better to have a mask that was half effective than not being able to get a

[43:13]

effective than not being able to get a mask so I think everybody did what they could do which is just buy every fricking thing you can get and and live with the consequences which was unfortunately the best risk management thing they could have done but CNN's turning it into a whistleblower story about how I don't know they did bad job at buying masks also according to CNN the hydroxyl chloroquine story is dead it's a done deal doesn't work were you aware of that were you aware that in the other movie it's already a fact the hydroxyl chloroquine doesn't work and might just be bad for you did you know that because that's not the story on Fox News I mean I don't know if Fox News has talked about it recently but CNN's evidence is two studies one that said it had no harm and no benefit and another one that said it had no benefit but it did have harm in terms of strokes or something but given that we know that this drug has been around forever that's not

[44:16]

has been around forever that's not really credible that suddenly this is the only case that those drugs cause problems oh yeah the one and only time that these drugs that have been around forever the one time they cause problems is this time maybe but the other study didn't show anything like that so you know where I had been I had been sick I'd been at a 40% chance the hydroxychloroquine would make some kind of a big difference that you know I'd started out higher but it lowered it and the the reason was that I hadn't heard good things about it but isn't that still true that doctors are using it let me ask you this so you've got CNN saying yeah the studies are and it's useless isn't it also true that the doctors are still prescribing it so why would the doctors whose job it is to prescribe it still still doing it in a widespread fashion when CNN says I

[45:17]

in a widespread fashion when CNN says I guess studies right it's over what's wrong what's going on here hey now it could be that my information is behind the times it could be that let's say a week ago doctors all over the country just stopped using hierarchical or queen maybe they saw the news too maybe they read CNN said oh darn you know it was promising but I guess there's no reason to try it now I don't know where's the reporting on that that's pretty big story our doctors still prescribing it all right let's see what else we got here Oh a user on LinkedIn sent me a long description about the monetary situation you know I was asking can we just print money can we just print money because I thought to myself there's something about this unique crisis situation that

[46:19]

about this unique crisis situation that we've never seen before that might be the one and only time that you could just print money and any other time it would cause you know you'd have inflation or if you borrowed you to cause debt etc but I was thinking I don't know there's something about this everything seems to have lined up where we can just print money and haven't you been waiting for somebody to tell you you can't do that right are you waiting for an expert to come on TV and say um you could print a little bit of money I mean maybe you could print half a trillion and you could you could live with that but you can't just print four or five trillion dollars you can't just print the entire GDP of your country and just hand it out and say hey here's some money spend it there has to be some kind of cost down the road have you seen one economic expert say that there would be where is

[47:19]

expert say that there would be where is that it aren't there don't we usually have two sides to everything where's the other side that says I gotta tell you this five whatever it's going to end up by you know I'm guessing five trillion but fact-check down that wherever it ends up where's the where's the person going on TV an expert an economist who says look look look you're all dreaming if you print five trillion dollars even under these unique situation you're dead there's no way you can recover from that that you've just ruined your economy where's that guy or a woman where's that person right it's conspicuously missing how could two everybody be on the same side that we can print five trillion dollars what what in what in this universe am I missing that is so big that I don't understand why we can not just invent five trillion dollars so I

[48:22]

just invent five trillion dollars so I wanted to read to you if you don't mind can I read to you a little bit of a lengthy explanation of this because I'm not sure I understand it all but maybe some of you will this is from Paul Vallejo and it gave it to me on LinkedIn I don't think he'd my if I were if I rather so on the question of money printing 0.1 in normal circumstances printing money creates bank reserves so some of you are already lost but just stick with me this would throw the Fed Funds interest rate off target so normally you can't do that so the first point is in a normal situation you couldn't just print money so that's what I've been saying here's however now the interest rates are at zero and they might even be negative pretty soon this does not matter the Fed could print and not alter the Fed Funds rate and again you know most of you are not going to be a little follow that if the Treasury does not issue bonds to mop up those reserves the supply of bank reserves lowers the Fed

[49:23]

supply of bank reserves lowers the Fed Funds rate and again you know just the only thing I want you to get in at that technical part is that this is somebody who knows what they're talking about now I can't fact check it because I don't know enough of the context to know if any of this is wrong but sounds like he knows we was talking about he's looked into it the buying and selling the bonds modulates the Fed Funds rates to be on target alright point two neither China nor any other country has to buy our printed money so it's not a debt obligation we're not we're not borrowing money from China which you'll see on TV people say we are but that's not what this is first because it does not have to be issued in bonds second even if we're even if it was insisted that it be issued in bonds the Fed could buy them so I guess the Fed can buy her own death as any ghost the Bank of Japan owns most of the Japanese government bonds so your government can issue a debt and then just buy it so I could just basically be

[50:25]

just buy it so I could just basically be its own debt I guess and the US banking system could do it with regulators agreement alright so I guess you need some regulator agreement to do that sounds doable all right so he says normally printing money creates inflation because it creates demand without supply this is an exception which is what I've been saying we're in an exceptional period the captioners due to debt inflation here we have to get into the paradox of thrift so it starts getting more complicated bla bla second brief banks great money when they lend that okay there's more a little stick out of it I'll get out of the lower detail but the point of it all is that this is someone who does seem to understand all the mechanisms of the system and is agreeing with the one point which is there might be something about this specific situation there might be the one time you can print five trillion dollars isn't that weird

[51:27]

trillion dollars isn't that weird now where did who saw that coming could any of could anyone see coming that we could just print money well surprise me alright and that is mostly what I wanted to talk about I'd like to just an update on yesterday I mentioned that the locals platform they're moving some of my other content to extra content you'll still this will still keep going on as always the periscopes but I'll be putting some extra stuff including these locals but I said so much traffic there I crashed their server so if you tried to go there yesterday and it didn't load that was my fault I said it's not a few hundred thousand people there all at once and it crashed it for a few minutes so just give it a you know if you try it again today it was probably fine I'm sure yeah

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today it was probably fine I'm sure yeah and the only people I see weighing in on the question of printing money are people saying yeah you can you absolutely can print money right now all right Snickers update she is resting comfortably my dog yeah she's on pain pills and the pain pills are masking the pain well enough that she doesn't seem to be in discomfort so she seems happy the hard part is keeping her non active which it's not easy alright and thank you for subscribing today alright let's all watch this Sorento story watch it for two things one to see if it gets reported on CNN this is it or any place else because if it you know if it's on Fox News and then you never see it anywhere else well you know judge the credibility based on that alright thanks so much for those of you did good locals and I will talk to you tonight and yes

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and I will talk to you tonight and yes there's a link to the article on my Twitter