Episode 2837 CWSA 05/12/25
Everything is going Trump's way and the stock market loves it ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 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.
Come on in here. Let's check the stock market. Holy cow, it's a good day in the stock market. I hope you have some. Well, let me get ready for the show. Looking at your comments. Looking good. There must be a lot of good news today. What do you think? Good morning everybody, and welcome to the hig…
View segment →r had a better time. But if you'd like to take a chance on making this experience even better than you could ever even imagine with your tiny shiny brain, all you need is a covered mug or a glass or tankard, chalice, a canteen, jug or flask, vessel. Any kind. Fill it with your favorite liquid. I lik…
View segment →ed the simultaneous sip. And it happens now. That's good stuff. Well, let's start with the ridiculous and get to the sublime. According to News Nation, a UFO hit a US fighter jet. Pilots flying over Arizona said they saw swarms of weird flying objects, and one of them smashed into an F-16. I guess…
View segment →male version of politics. I can't judge for women, but for men it's kind of testosterone. The Republicans are high testosterone, the Democrats are low testosterone, and everything else is just rationalization. That's what I think. Did you know that the weight loss drugs liraglutide and semaglutide…
View segment →d then after they've made the decision, they layer over it with a rationalization. "Oh yeah, the reason I did that was this." But it's really just a chemical reaction. So once you learn that willpower is fake and that some people just like things more than others, how hard is it for me to avoid alc…
View segment →deo of French President Macron and British Prime Minister Starmer and German Chancellor Merz. They were all together at a table. It looked like it was on a train maybe or maybe some kind of a jet. But they were sitting at a table and the photographers came in, the videographers I guess, and you saw…
View segment →k hole and there does seem to be some indication that they're part of the problem of the higher prices. Now you might say, well, they're a middleman so they're supposed to take their cut, which is true. But you can't really monitor whether their cut makes sense or it's too high because if you try t…
View segment →it. I don't think they're going to give Trump half or even three-quarters. Well, I don't think they'll give him a quarter of what he wants. I think that they will just kick the can down the road, add to the budget deficit, and lead us toward doom. I don't know what's going to stop it, but they're pr…
View segment →n you go to the Democrats and they're like, "Well, we oppose the oligarchs and we want to make sure that we keep habeas corpus for the MS-13 guys." Well, and everybody else. It's so lame. And then what about the chaos? If you were to ask the person in the street, where's the chaos happening? Now the…
View segment →guess that's per year, but that's not enough for Waymo to make money. I guess they have higher costs. And now if you were to look at Tesla, if they could get up to 100,000 robo taxis based on the likely charge that there would be for a ride, etc., they would make 2.9 billion in pure profit annually.…
View segment →be able to see the benefits. But the Qataris have a plane that apparently they're willing to part with, a new one. And they said, "Why don't we give it to the Air Force?" So it's not Trump's gift exactly. It'd be given to the Air Force and then somehow later it would be donated to the Trump Library…
View segment →looks terrible to me. According to Elon Musk, Doge has discovered 100,000 active federal employees who are also collecting unemployment insurance. Jim Hoft and the Gateway Pundit are writing about that. Now I think I've told you before that my current view is that I'm not going to believe any of th…
View segment →ct, you know, because I think we would just complicate things at this point. So those two just need to work it out. I guess Germany's new government is already threatening Russia that if they don't do a ceasefire, they're going to put new sanctions on them. So Germany is trying to be helpful there.…
View segment →t looks like we're stuck with China and China is stuck with us on a bunch of different levels. You know we can't really quickly get all the pharmaceutical products. We can't quickly get all the tech stuff, the assembly. We can't quickly get all the rare earth minerals, etc. So we're kind of stuck wi…
View segment →Come on in here. Let's check the stock market. Holy cow, it's a good day in the stock market. I hope you have some.
Well, let me get ready for the show. Looking at your comments. Looking good. There must be a lot of good news today. What do you think?
Good morning everybody, and welcome to the highlight of human civilization. It's called Coffee with Scott Adams, and you never had a better time. But if you'd like to take a chance on making this experience even better than you could ever even imagine with your tiny shiny brain, all you need is a covered mug or a glass or tankard, chalice, a canteen, jug or flask, vessel. Any kind. Fill it with your favorite liquid. I like coffee. And join me now for the unparalleled pleasure, the dopamine hit of the day, the thing that makes everything better. It's called the simultaneous sip. And it happens now.
That's good stuff.
Well, let's start with the ridiculous and get to the sublime. According to News Nation, a UFO hit a US fighter jet. Pilots flying over Arizona said they saw swarms of weird flying objects, and one of them smashed into an F-16. I guess the pilot's okay. But the FAA confirmed it, and a former Pentagon UFO guy says Arizona's been buzzing with sightings near the border. Some people say it's just the cartels' drones. I'm going to go with cartel drones. That would be my guess. I do not think the aliens are at the border. Why would the aliens even be there of all places?
According to Eric Dolan and SciPost, left-wing authoritarians are less likely to support physically strong men as their leaders. So if you're a left-wing person, you don't like leaders that are physically strong. But if you're a right-wing person, you like them strong. How many people are surprised by that? I really think that politics is just a difference in testosterone sometimes, at least the male version of politics. I can't judge for women, but for men it's kind of testosterone. The Republicans are high testosterone, the Democrats are low testosterone, and everything else is just rationalization. That's what I think.
Did you know that the weight loss drugs liraglutide and semaglutide make a huge difference in reducing your alcohol consumption without any extra effort? The patients say it doesn't take any effort. They just don't want as much alcohol. So that's good. This is more evidence that willpower is fake and imaginary. That's the hypnotist frame. If you're a hypnotist, you learn that people make decisions based on whatever hormonal soup is bubbling up in their bodies. And then after they've made the decision, they layer over it with a rationalization. "Oh yeah, the reason I did that was this." But it's really just a chemical reaction.
So once you learn that willpower is fake and that some people just like things more than others, how hard is it for me to avoid alcohol? It's easy because I didn't like it that much. How hard was it when I was more active to exercise every day? Not hard at all because I liked it. If I didn't like it, it probably would have been nearly impossible. So no, willpower doesn't exist. There's just stuff you like and stuff you don't like. And that's usually just chemical and cause and effect and the structure of your brain and has nothing to do with anything else.
Here's some good news. And wow, I was worried about this for a while, but it turns out that the new pope, Pope Leo, is calling for peace in Gaza and Ukraine. Yes, I was so worried that the Pope would be pro-war, but no. Turns out we got lucky again. I don't know how many popes in a row, but our luck is really holding. They all seem to be anti-war. And every time they announce it, I say to myself, "Boy, that could have gone either way." But it turns out that the Pope has a brother. Have you all checked out the news about the Pope's brother? This is the problem with having an American pope. He's got an American brother. And the American brother is super mega.
The Gateway Pundit is reporting that not too long ago he shared on X a video calling Nancy Pelosi a drunk c-word. So a drunken c-word. And he mocks the crying libs with Trump derangement syndrome. So he's not just a little bit mega, but he's way mega. Now if you don't think this is going to be fun, I immediately looked for his X account, but I couldn't find it. So is he posting somewhere else? Maybe not on X. But I want to follow him so badly. I was also interested to see if he followed me because it'd be fun if the Pope's brother followed you on X, but I did not see his account. So if anybody knows what his actual account is — I saw three that looked fake, you know, they were too small — if somebody knows which one is his, can you alert me to it? I'd love to follow him.
Well, let's talk about the great cocaine hoax. Some of you saw a video of French President Macron and British Prime Minister Starmer and German Chancellor Merz. They were all together at a table. It looked like it was on a train maybe or maybe some kind of a jet. But they were sitting at a table and the photographers came in, the videographers I guess, and you saw Macron grab this little rolled-up tissue and sort of take it surreptitiously away. And then you saw Merz grab some little thing that people are calling a coke spoon and kind of hiding it from the cameras.
Now why in the world would you think a balled-up tissue is where somebody was holding their cocaine? It didn't look like cocaine to me. And that little thing that they call a cocaine spoon, you really couldn't tell what it was. I mean, it could have been a straw that he was playing with or something. But it looked to me like they were just making the table look less messy and they were just preparing for the photo shoot, I guess. So I would say that's fake news. I'm not saying that they're not all coked up. That might be true. I don't know. Maybe. But it didn't look like a cocaine anything to me. So I'm going to say that's most likely a hoax.
Hamas has decided to help Trump get a little distance between Israel and Trump. Kind of cleverly, Hamas is going to release the remaining living American hostage, Eden Alexander. So that's going to happen today, I guess. And that was Trump's victory. So Trump gets some victory in getting the last American hostage out. Now the Israelis of course would wish that more Israelis had been released, but I think you can see this as a clever Hamas move to put a little distance between America and Israel and it worked. But you could also see that Trump seems to be willing to do things that are good for America and Americans even if Israel doesn't love it. So there's definitely a new world out there.
Trump is certainly going his own way and probably never appreciated all the people who said that the government is a puppet of Israel because at the moment it doesn't look like it. At the moment it looks like Trump's doing his own thing and Israel is going to have to do their own thing. We'll be allies, of course, but not singing from the same song sheet or whatever that saying is. So Trump gets the win just at the time he's getting ready to go to the Middle East to do some deals. So he's looking good there.
Trump is also signing, I think today, if he hasn't already done it, might be any minute now, an executive order to lower pharmaceutical costs. And the executive order will require the drug companies to offer the pharmaceuticals to American consumers at the lowest price that they sell it anywhere. So if the Albanians are paying less than we are, then we get the Albanian price. Now I didn't know you could do that with an executive order, but I guess he's going to try. So this will be funny because will this cause the Democrats to be in favor of higher prices for pharmaceuticals? And how are they going to explain that Biden couldn't do this if it works?
I imagine there'll be some kind of challenges from the pharmaceutical people, but it turns out it gets kind of complicated because there are things called PBMs. How many of you would even know what that is? A PBM. It's a pharmacy benefit manager. And it's this big middleman entity that is between the pharmaceutical companies and the big health care companies and even the government, Medicaid, and everything else. So these middle people, these pharmacy benefit managers or PBMs, they manage prescription drug benefits for health insurance plans and employers, etc. And they act as a middleman between drug manufacturers, pharmacies, insurers, and patients. And here's the key: with the goal of controlling costs and administering drug coverage. And they play a significant role in the US prescription drug supply chain, but they're often criticized for opaque practices that can inflate costs.
So the pharmaceutical companies immediately said, "Wait, don't blame us for these high costs. It's because the middlemen are sort of inflating the costs." Now that seems to be partly true, meaning that there's no doubt that the middleman is getting a cut. And it's also true that they're opaque, meaning that if you ask them for details of what they do or why they do it or can you show me your price sheet, they won't show you that stuff. So they operate as a big black hole and there does seem to be some indication that they're part of the problem of the higher prices.
Now you might say, well, they're a middleman so they're supposed to take their cut, which is true. But you can't really monitor whether their cut makes sense or it's too high because if you try to ask them questions, you would get nothing. It's just a big black hole. Now this is where Mark Cuban becomes a valuable citizen. So you might know that Mark Cuban has his own discount pharma drug company that he's been promoting lately. I think it's Cost Plus Drugs. Hope I have the name right. And he weighed in on this and he had a lot to say about the PBMs, these middlemen. Now I won't read you his whole explanation of how bad they are, but if any of what he said about them is true, and I think it is, they're pretty bad. And so there's some kind of fix that will be needed for these PBMs.
If we just let — well, I guess it's a free market so they can do what they want. But you should see what Mark Cuban says about them because if you're trying to understand the whole pharmaceutical — why are our prices so high — he's got a lot that contributes to that. So I think you should really pay attention to him on this topic because it's one that he knows a lot about. Well, so that's going to make the prices come down.
In other news, Futurism is reporting that the FDA is going to start using AI to speed up the approval of drugs. Now you might say to yourself, "But wait, AI hallucinates. Is AI going to say my drug is safe when it isn't?" Well, they're still going to have to check the work of the AI to make sure it's not hallucinating, but apparently you can speed through the analysis and do in minutes what would take days for a human to do. So I don't know if they have a lot of wrinkles they have to iron out of this, but they seem to be very optimistic about it. It does seem to me that it's the perfect application for AI because it's wildly complicated every time there's a new trial and a new drug and all the rest. So yeah, AI to accelerate the FDA approvals. Probably there's going to be some problems because it's such a big change, but I feel like we have to get there. It seems like that's exactly the place AI should make a difference.
Breitbart is reporting that Trump signed four bills on Friday where he's rolling back some Biden regulations on appliances like water heaters and refrigerators and walk-in coolers and some other household appliances. Now the Biden regulations were, of course, to reduce energy consumption, I believe, and so Trump's rolling that back. So that would lower the cost of those devices. So now we've got Trump lowering the cost of big pharma, lowering the cost of household appliances, lowering the cost of eggs, gas, and a lot of other things, and energy I guess. So it's going to be hard to ignore that. So Trump is having the week of all weeks. I mean I'm still going that the list gets longer, but I don't think any president has ever had this good a week because he's really nailing it this week.
But I'll tell you what isn't working. The Republicans are trying to wrap up their big beautiful bill, the budget. Everything about this budget effort looks fake and theatrical and performative. I don't believe anything that's coming out of it. I don't think they're going to give Trump half or even three-quarters. Well, I don't think they'll give him a quarter of what he wants. I think that they will just kick the can down the road, add to the budget deficit, and lead us toward doom. I don't know what's going to stop it, but they're pretending to have this markup session in which they're going to do a bunch of good things. It's all theater. I just don't believe any of it.
But at least one subset of the Republicans — I guess this would be, I forget which group it is — but they're looking at steep cuts to Medicaid. And so I said to myself, what? Trump said no cuts to Medicaid. Why are they going to ruin his big bill and the biggest thing he said, which is no cuts to Medicaid? So it looks like they've got all these weasel freaking tricks to lower the cost of Medicaid by finding clever ways to deny it to people, basically. So one of the clever ways to deny it to people — now this is not a done deal. These are just proposals that we think we're going to see. One of them would be a work requirement. So you couldn't get Medicaid unless you were in school or doing some public service of some kind or working. And that alone would deny it to, they think, six million people.
So the Democrats will say accurately, "Wait a minute, you've just installed some clever trick to deny six million people Medicaid." Republicans will say, "All we ask is that they do something useful for the country so that the country can do something useful for them." It's not a terrible argument, but it's going to look like they cut Medicaid. So can Republicans survive that, an obvious trick to cut Medicaid? Because those people aren't all going to work. What are they going to do? Go to the hospital and still get medical care and have the hospital cover it. So there's that.
And then apparently the bill — and again this is just first drafts so it doesn't mean it's real — would require some beneficiaries to pay more for their care. I guess that would be income-based. And there were some other clever tricks in there. All of it just looks like pure weasel theatrics. I am completely disappointed in the Republicans. Just completely disappointed that to me the most important thing we had to get right was cutting the budget. It looks like nothing like that's going to happen because I don't think that Trump's going to sign off on something that definitely looks like cutting Medicaid. You know, you could argue all day, well, we have reasons. And no, no, no, we're not cutting it because anybody can get it. They just have to do some public service. But the bottom line will be the Democrats will accurately say he's cutting Medicaid for some people. It'll be a lot of people, millions.
I don't have a better idea, by the way, but it's their job to do the budget, not mine. So I think we're all going to be disappointed with whatever the Republicans have. I'm not even sure that they're going to have no tax on tips and no tax on Social Security and all those other things Trump wanted. I don't think he'll get any of that. I think that they're just going to say no on all of that. We'll see.
Apple is apparently, according to the Wall Street Journal, thinking about raising the price of their iPhones but without blaming tariffs. Apple is kind of a clever company in terms of how they cover their public relations. They've always been good at it. But they don't want to blame China because that would be trouble. And they don't want to blame Trump because that would be trouble. So they want to raise their prices because of tariffs, but they want to make it look like it's not because of tariffs. So the only way to do that would be if you somehow added some extra features and you go, "Oh yeah, these extra features are worth a few hundred more." So we'll see what they do.
But my big question would be, what would Steve Jobs do in this situation? Would Steve Jobs be handling this completely differently in some out-of-the-box way that we can't imagine? I feel like he would, but of course I can't guess what he would have done because that's what made him Steve Jobs and we're not Steve Jobs. But I feel like he would have handled this whole tariff China stuff differently. I just don't know how.
Democrats are continuing their lame approach to politics. Now they've added to their oligarchs that they want to keep habeas corpus. Now if you were to do a survey of people on the street and say, "Are you a Democrat?" "Yes." "What's an oligarch?" "Well, I don't know." "What's habeas corpus?" "I never heard of it." So they're betting on words that their base doesn't even know what they mean. So I love this. Let's do more oligarchs and habeas corpus. If you can get them to talk about that all day long and then look at Trump: I cut your pharmaceutical costs. I freed a hostage. I'm going to bring a trillion dollars back in investments from the Middle East. What part of that don't you understand? It's just so simple.
And then you go to the Democrats and they're like, "Well, we oppose the oligarchs and we want to make sure that we keep habeas corpus for the MS-13 guys." Well, and everybody else. It's so lame. And then what about the chaos? If you were to ask the person in the street, where's the chaos happening? Now they might say Doge, but have you noticed that Elon Musk has quite cleverly removed himself from all political conversation? It used to be that every time I got on X there would be very political pro-Trump posts pretty much every day. But I think he's completely pulled himself out of politics and he's just doing Tesla-related posts and stuff and Tesla stock is way up based on the fact that he's focusing on the nuts and bolts, that he's getting out of politics. So that's good.
Meanwhile James Carville and company, they're trying to distance themselves from some comments made by Ilhan Omar. So I guess in 2018 she made some comments about white people and that video has reemerged. And I guess the comments were originally in an interview with Mehdi Hasan and Omar stated, I would say our country should be more fearful of white men across our country because they are actually causing most of the deaths within this country. And then Carville is trying to distance himself and say we need less of that and blah blah blah. And I'm thinking to myself, look at what Trump is talking about. Even if he doesn't get it done, he's talking about cutting your taxes and freeing hostages and ending wars and lowering pharma costs. That's what Trump's talking about, sealing the border. And Carville's talking about a 2018 video where somebody on his team was being a racist. That's the biggest difference you could even imagine between the two parties.
And but at least Ilhan Omar finally explained to me why people hide when I enter the room. I didn't realize I was that scary. But apparently as a white man I am one of the scariest people in the country. So that explains why people get under their tables and run away when I enter. I always wondered about that.
Here's some more bad news for Democrats. Apparently the House Judiciary Committee is going to interview Jack Smith's lead prosecutor who did the Mar-a-Lago box gate. You know, when Trump was accused of having all these boxes of stuff. And we've heard enough about that story to believe that there's something there. There's something sketchy there. It could be that it was being directed by the White House. It could be that it wasn't a purely legal problem. Could be that there were politics pushing it. So the lead prosecutor probably knows where all the bodies are buried on this story and will be under oath and we might find out some really interesting things about the Biden administration. Now I don't know for sure and if it's like everything else, nobody's going to go to jail. But it's going to be yet another bad news cycle for Democrats because there's nothing good that can come out of that story except for Republicans.
According to the Rasmussen poll, Trump's overall approval rating is 50% with likely voters. But here are some subcategories on that poll that are mind-blowing. He's got, according to Rasmussen, Hispanic support at 62% and Black at 39%. If those numbers are real — and I'm kind of skeptical about that — that would be just mind-blowing. You know, it could be real, but do you think Hispanic support for Trump is 62%? Now this would be likely voters so it wouldn't count any immigrant communities. Could be. I've been telling you for a while that if you didn't think that the Hispanics would back Trump, then you haven't been involved or you haven't had exposure to the Hispanic community. If you have exposure to the Hispanic community, no surprise at all. It's totally non-surprising if you've had any conversations with that group.
Speaking of Tesla, Tesla's robo taxi, which is where a Tesla with full self-driving can become a taxi, I guess it's called Project Alicorn. And this feature will quietly appear on Tesla's mobile app code. And so they're looking at a June rollout. So listen to this. Your car, if you had a Tesla and you wanted to have it double as a taxi, you could come home from work if your car is charged up I guess and just activate the app and park your car on the street and it would act like a robo taxi. So it would just take off from its parking space, go pick somebody up, deliver them to their location, and I guess go back and park where it was, and you can make ten to thirty thousand dollars a year just while your car is working for you.
Now apparently the initial fleet will launch in Austin with 10 to 20 cars, but it's going to scale up really fast. And here's some of the — I saw this was on a post. I guess the source was a user called G. Filch. Now I can't vouch for these numbers, but here's what one person estimated. So here's the math of it: if you look at Waymo, the competitor, they've got 1,500 robo taxis and they already generate 250 million in revenue. I guess that's per year, but that's not enough for Waymo to make money. I guess they have higher costs. And now if you were to look at Tesla, if they could get up to 100,000 robo taxis based on the likely charge that there would be for a ride, etc., they would make 2.9 billion in pure profit annually. And that's just the start. So the number of billions of dollars that these robo taxis could make, it's a big number because you could easily get to millions. So you're looking at 20 to 50 billion dollars a year just for the robo taxis. Amazing. We'll see if that happens.
Meanwhile, as you know, Trump's going to the Middle East to talk to a bunch of countries. But as the news is reporting, the Trump family has a number of business deals over in the Middle East. Trump thinks he'll come back with a trillion dollars in commitments to invest in the United States from the Middle East. If he does, that's going to be pretty impressive. We'll see. Axios is reporting that. But the Wall Street Journal is talking about the Trump family business connections to the Middle East. And I think this is important because these do feel like it should at least be fully transparent, which I think it is. I think it's fully transparent. So I'd worry more if we didn't know something about it.
But for example in the past year some Trump-branded residential towers have been launched in Dubai and Jeddah and then there's also a Trump luxury golf resort that's being launched in Qatar. Now here's what you need to know. These are Trump-branded properties, meaning that he just licenses his name, but the ownership of the property is whoever built it, I guess. So Trump does two kinds of business. One is he does build his own resorts and stuff, but he also just licenses his name to other people who are going to do it. So are you comfortable with him doing business as the president with these same countries where there are very large investments that benefit the Trump family? I'm not fully comfortable with that. But on the other hand, should they be denied the ability to do what they normally do because this is completely normal business for them? They license their name.
Do you think that there would be this many Trump-branded properties if he were not president of the United States? I kind of doubt it. So you have to worry about that. And there's something about the UAE and the royal family fund and something about Trump-related crypto stable coins that I don't understand, but it looks like something to worry about, something to keep an eye on. And then on top of that, the Qataris have offered a gift to the United States of a plane that would replace Air Force One. Now you might say to yourself, why do you need to do that? Well, the Air Force Ones that we have, I think there might be two of them, but they're like 35 to 40 years old. And Trump has had an order in for a new one for a long time, but it looks like it'll be seven to ten years before the new ones get built. So you'd never be able to see the benefits. But the Qataris have a plane that apparently they're willing to part with, a new one. And they said, "Why don't we give it to the Air Force?" So it's not Trump's gift exactly. It'd be given to the Air Force and then somehow later it would be donated to the Trump Library for his use. So that seems a little sketchy. So it feels a little like you'd be getting a free airplane. And so you got that going on.
So I'm going to say the same thing about all these Trump deals. They all make me uncomfortable. The Qatari plane definitely makes me uncomfortable. And on top of that, as you know, Jared Kushner is doing his own investing and he's gotten some co-investors from three of the Middle East countries. Three states I guess have committed more than three and a half billion to his private equity fund. So that makes me uncomfortable. But it's all transparent. It's all completely legal. It just makes me uncomfortable. And then it's sort of semi-related things. There are some investments that would be good for Elon Musk such as the Saudi prince Alwaleed bin Talal, who's a nephew of the king, is an investor in xAI which is Elon Musk's AI company. So but that's normal. He's just a gigantic investor who does a lot of investing in American companies. So again, completely transparent, but makes me uncomfortable.
Now the only thing I can say that would be softening all these deals is that Trump is the one person who can take your money and then screw you if he needs to. So if he were anyone but Trump, you would have to worry more that they just bought his cooperation. But I think Trump could take their money and still throw them under the bus if they did something that required that. But you can't guarantee it. So in terms of buying influence, I do think they're buying influence. But there are also countries that we have a lot of influence on as well. So I don't know. I'll just say that any Democrat criticism on this domain probably makes sense, but there's no smoking gun or anything that he's done wrong or that there's nothing that looks illegal and it's all completely transparent and it's business as usual for the most part. It's stuff that they would be doing as normal business, you know, licensing the Trump name, etc. But like I said, they probably get more offers because he's president. That's not a coincidence.
So we're going to hear a lot more about this Qatari plane. I think Congress says they have to approve it. I think the Democrats are going to complain so much that it gets killed. If I had to guess, it's not more than a 50% chance that that Qatari plane will actually become something that Trump's riding on. I think there'll be enough screaming and kicking from Democrats or maybe even Republicans would think it looks wrong.
In another news, you know what birthright citizenship is, right? So that question is coming to the Supreme Court now. Birthright citizenship is in the Constitution and it means that if you're born in this country with very rare exceptions you are a citizen automatically. You just have to be born here. Now Trump wanted to end that. So you've got some legal challenges to the ending of it and it's going to go to the Supreme Court. Now if you're like me and you've read the actual language of the Constitution, it doesn't look like there's any wiggle room at all. To me it looks like the Constitution is super clear. If you're born here, with some exceptions that aren't relevant to this, if you're born here, you're a citizen. Now I'm not saying that's good or bad. I'm just saying that when I read the Constitution, it looks kind of cut and dried, like there's no way you could challenge it. But of course that's what lawyers are for. They always have a way to challenge everything.
And here's the way they're going to challenge it. So the citizenship clause says it applies to children born in the USA who are quote "subject to the jurisdiction thereof." Now that would disqualify, for example, a diplomat's child. So if they were a diplomat working in the United States, the diplomats are not subject to our laws. So a diplomat can break a law in America and we don't do anything about it because they're not subject to our laws. But their child is also therefore since it's not subject to our jurisdiction, their child is not automatically an American. And I think there are some Native American exceptions, etc.
But here's how they're trying to argue that this "subject to the jurisdiction thereof" applies to the immigrant population. And they say it's analogous to Native Americans. And you know what I always say about analogies? Analogies are not arguments. So if all you have is analogous, you don't have anything. So forget about analogous. Let's go to the stronger part. And they're saying that the noncitizens — I guess this would be the babies too — are intentionally entered the country without authorization and likewise refuse to quote "formally present themselves to American authorities." So does that make you subject to the jurisdiction thereof?
Well to me this is the worst argument ever. And I'm not even a lawyer because the "subject to the jurisdiction thereof" is more about America thinks you're subject to our jurisdiction. It's not about what the immigrant thinks. If the immigrant comes in and they act like they're not subject to our jurisdiction or they think they're not, that has nothing to do with anything. They don't get a vote. It's up to America. So if we say you are subject to our jurisdiction and if we catch you doing illegal things, we're going to put you in jail, I think that's the end of the story, right? It's not up to them if they're subject to our jurisdiction. So to me it looks like there's no chance that Trump can prevail in the birthright citizenship. And again, I'm not giving you an opinion on whether they should or should not. It just looks like the argument is terrible. And you know, again, I'm not a lawyer so I could be wrong, but it looks terrible to me.
According to Elon Musk, Doge has discovered 100,000 active federal employees who are also collecting unemployment insurance. Jim Hoft and the Gateway Pundit are writing about that. Now I think I've told you before that my current view is that I'm not going to believe any of the Doge claims. I'll just tell you that that claim is out there, but probably it's not exactly what it looks like. I don't know. So I think it's better — and this is not something brand new. It's something that Musk said a little while ago. So I think that Musk is smart to stay quiet on all the political stuff which he's been doing, but I'm skeptical of all the Doge claims that sound a little too clever. You know, that one's just a little too on the nose. Might be true, but there have been so many of the Doge claims that sort of didn't pan out that I'm just going to say, well, that's what he claims.
Apparently India and Pakistan, their ceasefire seems to be holding. It didn't hold at first but now it is. That would look like a victory for Trump because the American — I think Marco Rubio and his team were working on making sure that India and Pakistan didn't blow each other up. Now the thing I would say about India and Pakistan is they really didn't want to be in a war. They really really didn't want to be in a war because there's just no way that that's going to be good for either one of them. But what they needed was the fake because they needed some external thing to talk them off the roof so it didn't look like they were backing down. So America just comes in with its big footprint and says, "Hey, you guys knock it off. We'll help you hold this ceasefire or something." So this is where America can really be useful. It was just something that Pakistan and India both needed. They just needed somebody who wasn't either Pakistan or Indian to come in and put a big boot on it and say cut it out. Now that's not exactly what we did. We were being helpful, but that's just a win. If the peace holds, I'd say that's an American win as well as obviously a bigger win for India and Pakistan.
Speaking of war, apparently President Zelensky says he's ready to meet Putin in Turkey. So I don't know if there'll be any ceasefire before then or during then, but Zelensky and Putin are going to meet and that of course would be good for America and certainly something that Trump has been pushing for. Get them to talk and it gets America out of the conversation which is sort of perfect, you know, because I think we would just complicate things at this point. So those two just need to work it out.
I guess Germany's new government is already threatening Russia that if they don't do a ceasefire, they're going to put new sanctions on them. So Germany is trying to be helpful there. And of course the Ukrainians and the Russians are just full-on drone war on the front.
So ladies and gentlemen, I think you can see that this is one of the best weeks that Trump has ever had. And if half of these things go in the right direction — you know, if the wars look like they're winding down, the prices of stuff look like they're winding down, and did I mention that China and the United States have agreed to delay for 90 days the big tariffs? So both countries have pulled back their tariffs. Now that's probably the big reason the market is up. And that's exactly what we wanted. I always say the stupidest people in the comments are the ones who just say, "I don't understand the topic." Like you couldn't fit a reason in there.
So anyway, Zelensky had his pants on backwards. Yeah, it looked like that in one of the pictures, but I think Scott Bessent probably did some good work. I think the main thing is just to get China and the United States to think that they're negotiating productively. Will that lead to anything good? I don't know. I saw Joel Pollak mention that it'll save Christmas because there'll be enough toys for Christmas from China. But it also puts us in a stronger negotiating position than we've been in. So we have China's full attention. They know that Trump would be willing to tariff the hell out of them. But one of the things that Scott Bessent said, and maybe this is the thing that China wanted the most, is that neither China nor the United States want to decouple. So I wonder if China was just really afraid of decoupling because there are a lot of people in the United States who do want to decouple such as me. But there are a number of industries etc. like the high-end Apple phones. There's nobody else who can make them. So the low-end ones I guess you can make in India but the high-end ones require more special processes or whatever and so it looks like we're stuck with China and China is stuck with us on a bunch of different levels. You know we can't really quickly get all the pharmaceutical products. We can't quickly get all the tech stuff, the assembly. We can't quickly get all the rare earth minerals, etc. So we're kind of stuck with each other for a while. And it looks like maybe we're heading in the right direction.
So everything's looking good. Probably the best week that Trump has ever had. It's my guess. And that's all I got for today. I'm going to say a few words to the locals people privately and the rest of you I will see you tomorrow, same time, same place. I hope for more good news.
Come on in here.
Let's uh check the stock market to see if Holy cow, it's a good day in the stock market.
I hope you have some.
Well, let me get ready for the show.
Looking at your comments.
Looking good.
There must be a lot of good news today.
What do you think?
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Well, let's start with the ridiculous and get to the sublime.
from the ridiculous to the sublime.
According to News Nation, um UFO hit a US fighter jet.
Pilots flying over Arizona said they they saw swarm swarms swarms I say of weird flying objects and one of them smashed into a F-16.
I guess the pilot's okay.
Um, but the FAA confirmed it and uh, former Pentagon UFO guy says uh, Arizona's been buzzing with sightings near the border.
But some people say it's just the cartels drones.
I'm going to go with cartel drones.
That would be my guess.
Uh, I do not think the aliens are at the border.
Why?
Why would the aliens even be there of all places for them to be?
Well, according to Eric and Dolan and Sai Post, did you know that left-wing authoritarians are less likely to support f um physically strong men as their leaders?
So, if you're a left-wing person, you don't like leaders that are physically strong.
But if you're a right-wing person, you like them strong.
How many people are surprised by that?
Not, you know, I really think that politics is just a difference in testosterone sometimes, at least, you know, the the male version of politics.
Uh I can't judge for women, but for men, it's kind of testosterone.
The Republicans are high testosterone.
the Democrats with low testosterone and everything else is just rationalization.
That's what I think.
Well, did you know that the weight loss drugs um laglutide and saglutide um make a huge difference in reducing your alcohol consumption without any extra effort.
So the patients say it doesn't take any effort.
They just don't want as much alcohol.
So that's good.
This is more evidence that willpower is fake and imaginary.
Uh that's the hypnotist frame.
If you're a hypnotist, you learn that people make decisions based on whatever hormonal soup is bubbling up in their bodies.
And then after they made the decision, they layered over it with a rationalization.
Oh yeah, the reason I did that was this.
But it's really just chemical reaction.
So once you learn that willpower is fake and that just some people like things more than others.
How hard is it for me to avoid alcohol?
It's easy because I didn't like it that much.
How how hard is it or was it when I was more active?
How hard was it for me to exercise every day?
Not hard at all because I liked it.
If I didn't like it, it probably would have been nearly impossible.
So, no, willpower doesn't exist.
There's just stuff you like and stuff you don't like.
And that's usually just chemical and cause and effect and the structure of your brain and has nothing to do with anything else.
Um, here's some good news.
And wow, I was worried about this for a while, but it turns out that the new pope, Pope Leo, um he's calling for peace in Gaza and Ukraine.
Yes, I was so worried that the Pope would be pro-war, but no.
Turns out we got lucky again.
It's like I don't know how many popes in a row, but our luck is really holding.
They all seem to be anti-war.
And every time they announce it, I say to myself, "Boy, that could have gone either way." But it turns out that the Pope has a brother.
Have you all checked out the news about the Pope's brother?
This is the problem with having an American pope.
He's got an American brother.
And the American brother is super mega.
And I guess he's so mega.
The Gateway Pundits reporting that uh he not too long ago shared on X, I guess he shared a video calling uh Nancy Pelosi a drunk uh c-word.
So a drunken c-word.
And he mocks the quote crying libs with Trump derangement syndrome.
So, he's uh not just a little bit mega, but he's he's like way mega.
Now, if you don't think this is going to be fun, I immediately looked for his X account, but I couldn't find it.
So, is he posting somewhere else?
Maybe not on X, but I want to follow him so badly.
Well, I I was also interested to see if he followed me because it'd be fun if the Pope's brother followed you on X, but I did not see his account.
So, if anybody if anybody knows what his actual account is, I saw three that looked fake.
You know, they were too small for for that.
But if somebody knows which one is his, can you alert me to it?
I'd love to follow him.
Well, let's talk about the great cocaine hoax.
Um, some of you saw a video of uh um French President Mcronone and British Prime Minister Starmer and uh German Chancellor MS.
They were all together on a table.
It looked like it was on a train maybe or on a maybe some kind of a jet, but they were uh sitting at a table and the the photographers came in, the videographers, I guess, and uh you saw Mcronone grab this little rolled up tissue and sort of take it, you know, surreptitiously away.
And then you saw MS uh grab some little thing that people are calling a a coke spoon and uh and you know kind of hiding it from the cameras.
Now why in the world would you think a baldup tissue is where somebody was holding their cocaine?
It didn't look like cocaine to me.
And and that little thing that they call a cocaine spoon.
You really couldn't tell what it was.
I mean, it could have been a could have been, I don't know, a straw that he he was playing with or something, but uh it looked to me like they were just making the table look less messy and they were just preparing for the photo shoot, I guess.
So, I would say that's fake news.
I'm not No, I'm not saying that they're not all coked up.
That might be true.
Well, I don't know.
Maybe.
But, uh, it didn't it didn't look like a cocaine anything to me.
So, I'm going to say that's most likely a hoax.
Well, Hamas has decided to uh help Trump get a little distance between Israel and Trump.
Kind of cleverly, Hamas is going to release uh the American the remaining living American hostage, Eden Alexander.
So, that's going to happen today, I guess.
And uh that was Trump's victory.
So Trump gets some victory in getting the last American hostage out.
Now the Israelis of course would wish that more Israelis had been released, but I think you can see this as a clever Hamas move to put a little distance between America and Israel and it worked.
So you but you could also see that Trump seems to be willing to do things that are good for America and Americans even if Israel doesn't love it.
So there's definitely a new world out there.
Uh Trump is certainly going his own way and probably never appreciated all the people who said that, you know, the government is a puppet of Israel because at the moment it doesn't look like it.
At the moment, it looks like Trump's doing his own thing and Israel is going to have to do their own thing.
We'll be allies, of course, but uh not not singing from the same uh song sheet or whatever that whatever that saying is.
So, Trump gets the win uh just at the time he's getting ready to go to the Middle East to do some deals.
So, he's looking good there.
Um, Trump is also signing, I think today, if he hasn't already done it, might be any minute now, he's going to sign an executive order to lower pharmaceutical um costs.
And the executive order will require the drug companies to offer the pharmaceuticals to American consumers at the lowest price that they sell it anywhere.
So if if the Albonians are paying less than we are, then we get the Albonian price.
Now, I didn't know you could do that with an executive order, but I guess he's going to try.
So, this will be funny because will this cause the Democrats to be in favor of higher prices for pharmaceuticals?
And how are they going to explain that Biden couldn't do this if it works?
I mean, I imagine there'll be some kind of challenges from the pharmaceutical people, but it turns out it gets kind of complicated because there are things called PBMs.
How many of you would even know what that is?
A PBM.
It's a pharmacy benefit manager.
And it's this big middleman entity that is between the the pharmaceutical companies and the big health care companies and even the government Medicaid and everything else.
So that the these middle people, these pharmacy benefit managers or PVMs, they uh I had to go to Grock to find out exactly what they do.
But they uh they manage prescription drug benefits for health insurance plans and employers, etc.
And they act as a middleman between drug manufacturers, pharmacies, uh insurers, and patients.
And here's the key.
With the goal of controlling costs and administering drug coverage and they play a significant role in the US prescription drug supply chain, but but they're often criticized for opaque practices that can inflate costs.
So the pharmaceutical companies immediately said, "Wait, don't blame us for these high costs.
It's because the middlemen are sort of inflating the costs.
Now, that seems to be partly true, meaning that there's no doubt that the middleman is getting a cut.
And it's also true that they're opaque, meaning that if you ask them for details of what they do or why they do it, or can you show me your price sheet or they won't show you that stuff.
So, so they operate as a big black hole and there does seem to be some indication that they're part of the problem uh of the higher prices.
Now, you might say, well, they're a middle band, so they're supposed to take their cut, which is true, but you can't really monitor whether their cut makes sense or it's too high because if you try to ask them questions, you would get nothing.
It's just a big black hole.
Now, this is where Mark Cuban um becomes a valuable citizen.
So, you might know that Mark Cuban has his own um discount uh pharma drug company that he's been promoting lately.
I think it's cost plus cost plus drugs.
Hope I have the name right.
And he weighed in on this and he had a lot to say about the PBMs, these these middlemen.
Now, I won't read you his whole uh his whole uh explanation of how bad they are, but if any of what he said about them is true, and I think it is, they're pretty bad.
And so, there's some kind of some kind of fix that will be needed for these PBMs.
Uh if we just let Well, I guess it's a free market, so they can do what they want.
But uh you should uh you should see what Mark Cuban says about them because if you're trying to understand the whole pharmaceutical why are our prices so high he he's got a lot that contributes to that.
So um I think he should be you should really pay attention to him on this topic because it's one that he knows a lot about.
Well, so that's, you know, that's going to make the prices come down.
So, uh, the, uh, in other news, Futurism is reporting that the FDA is going to start using AI to speed up the, uh, approval of drugs.
Now, you might say to yourself, "But wait, AI hallucinates?
Is AI going to say my drug is safe when it isn't?" Well, they're they're still going to have to check the work of the AI to make sure it's not hallucinating, but apparently you can speed through the analysis and do in minutes what would take days for a human to do.
So, I don't know if they have a lot of uh wrinkles they have to iron out of this, but they seem to be very optimistic about it.
It does seem to me that it's the perfect application for AI because it's, you know, wildly complicated every time there's a new trial and a new drug and all the rest.
So, yeah, AI to accelerate the FDA approvals.
Probably there's going to be some problems, you know, because it's such a big change, but I feel like we have to get there.
I mean, it seems like that's exactly the place AI should make a difference.
Breitbart is reporting that uh Trump signed four bills on Friday where he's rolling back some Biden regulations on uh appliances like water heaters and refrigerators and walk-in coolers and some other household appliances.
Now, the the Biden regulations were, of course, to reduce uh energy consumption, I believe, and uh so Trump's rolling that back.
So, that would lower the cost of those devices.
So, now we've got Trump lowering the cost of big pharma, lowering the cost of household appliances, lowering the cost of eggs, gas, and a lot of other things.
So, uh, an energy, I guess.
So, it's going to be hard to hard to ignore that.
So, Trump is having the week of all weeks.
I mean, I I'm just still going that the list gets longer, but I don't think any president has ever had this good a week because he's really nailing it this week.
Um, but I'll tell you what isn't working is the Republicans are trying to wrap up their big beautiful bill, the the budget.
Everything about this budget effort looks fake and theatrical and performative.
I don't believe anything that's coming out of him.
I don't think they're going to give Trump half of or even three quarter.
Well, I don't think they'll give him a quarter of what he wants.
Um, I think that they will just kick the can down the road, add to the budget deficit, and lead us toward doom.
Um, I don't know what's going to stop it, but they're pretending to have this markup session in which they're going to do a bunch of good things.
It's all theater.
I I just don't believe any of it.
But uh at least one subset of the Republicans, I guess this would be I forget which group it is, but they're they're looking at steep cuts to Medicaid.
And so I said to myself, what Trump said no cuts to Medicaid?
Why are they going to ruin his big bill and the biggest thing he said, which is no cuts to Medicaid?
So, it looks like they've got all these weasel freaking tricks to lower the cost of Medicaid by finding clever ways to deny it to people, basically.
So, one of the clever ways to deny it to people, now this is not this is not a done deal.
These are just proposals that we think we're going to see.
Um, one of them would be a work requirement.
So, you couldn't get Medicaid unless you were in school or doing some public service of some kind or working.
And that alone would deny it to, they think, six million people.
So, the Democrats will say accurately, wait a minute, you've just installed some clever trick to deny 6 million people Medicaid.
Republicans will say, "All we ask is that they do something useful for the country so that the country can do something useful for them." It's not a terrible argument, but it's going to look like they cut Medicaid.
So, can Republicans survive that an obvious trick to cut Medicaid?
Because, you know, those people aren't all going to work.
What are they going to do?
go to the hospital and still get medical care and not and have the hospital cover it.
So, there's that.
And then apparently the bill, and again, this is just first drafts, so it doesn't mean it's real, would require some beneficiaries to pay more for their care.
I guess that would be income based.
And there were some other clever tricks in there.
All of it just looks like pure weasel theatrics.
Uh I am completely disappointed in the Republicans.
Just completely disappointed that to me the most important thing we had to get right was cutting the budget.
It looks like nothing like that's going to happen because I don't think that Trump's going to sign off on something that definitely looks like cutting Medicaid.
You know, you could argue all day, well, we have reasons.
And no, no, no, we're not cutting it because anybody can get it.
They just have to do some public service.
But, you know, the the bottom line will be the Democrats will accurately say he's cutting Medicaid for some people.
It'll be a lot of people, be millions.
I don't have a better idea, by the way, but it's their job to do the budget, not mine.
So, I think I think we're all going to be disappointed with whatever the Republicans have.
I'm not even sure that they're going to have no tax on tips and no tax on social security and all those other things Trump wanted.
I don't think he'll get any of that.
I I think that they're just going to say no on all of that.
We'll see.
Well, Apple is apparently, according to the Wall Street Journal, um thinking about raising the price of their i.
Phones, but without blaming tariffs.
Uh Apple is kind of a clever company in terms of how they cover their public relations.
They they've always been good at it, but uh they don't want to blame China because that would be trouble.
And they don't want to blame Trump because that would be trouble.
So they want to raise their prices because of tariffs, but they want to make it look like it's not because of tariffs.
So the only way to do that would be if you somehow added some extra features and you go, "Oh yeah, these extra features are worth a I don't know few hundred more." So we'll see what they do.
But my big question would be, what would Steve Jobs do in this situation?
Would Steve Jobs be handling this completely differently in some out of the box way that we can't imagine?
I feel like he would, but of course I can't, you know, guess what he would have done because that's what made him Steve Jobs and we're not Steve Jobs.
But I feel like he would have handled this whole tariff China stuff differently.
I just don't know how.
Well, Democrats are uh continuing their uh lame approach to politics.
Uh now they've added to their oligarchs that they're that they want to keep habius corpus.
Now, if you were to do a survey of people on the street and say, "Are you a Democrat?" Yes.
Uh what's an oligarch?
Well, I don't know.
What's habius corpus?
I never heard of it.
So they're so they're they're betting on words that their base doesn't even know what they mean.
So I love this.
Let's do more let's more more oligarchic and habius corpus.
If you can get them to talk about that all day long and then look at Trump.
I cut your pharmaceutical costs.
I freed a hostage.
I'm going to bring a trillion dollars back in investments from the Middle East.
What part of that don't you understand?
It's just so simple.
And then you go to the Democrats and they're like, "Well, we we oppose the oligarchs and we want to make sure that we keep Amy Corpus for the MS-13 guys." Well, and everybody else, it's so lame.
And then then what about the chaos?
If you were to ask the person in the street, where's the chaos happening?
Now, they might say Doge, but have you noticed that Elon Musk has quite cleverly removed himself from all political conversation?
It used to be that every time I got on X, there would be very political pro.
Trump um posts pretty much every day.
But I think he's completely pulled himself out of politics and he's just doing Tesla related posts and stuff and Tesla stock is way up based on the fact that he's focusing on, you know, the nuts and bolts that he's getting out of politics.
So that's good.
That's good.
Meanwhile, uh James Carville and Roana, they're trying to distance themselves from a uh some comments made by uh what's her name?
Uh Elon Omar.
So, I guess in 2018, she made some comments about uh white people and that video has reemerged.
And I guess the comments were originally in an interview with Medi Hassan and Omar stated uh I would say our country should be more fearful of white men across our country because they are actually causing most of the deaths within this country.
And and then uh Carville is trying to distance himself and say we need less of that and blah blah blah.
And I'm thinking to myself, look at what Trump is talking about.
Even if he doesn't get it done, he's talking about cutting your taxes and freeing hostages and ending wars and lowering pharma costs.
That's what Trump's talking about, sealing the border.
and and Carville's talking about a 2018 video where where somebody his team was being a racist.
You that's the biggest difference you could even imagine between the two parties.
And uh but at least uh Elon Omar finally explained to me why people hide when I enter the room.
I didn't realize I was that scary.
But apparently as a white man, I am one of the scariest people in the country.
So that explains why people get under their tables and run away when I enter.
I always wondered about that.
Here's some more bad news for Democrats.
Apparently, the House Judiciary Committee is going to interview Jack Smith's uh lead prosecutor who did the Mara Lago uh box gate.
You know, the when uh Trump was accused of having all these uh boxes of stuff.
And you know, we've heard enough about that story to believe that there's something there.
There's something sketchy there.
It could be that it was being directed by the White House.
Uh it could be that it wasn't a purely um let's say legal problem.
Could be that there were politics pushing it.
So, the lead prosecutor probably knows where all the bodies are buried on this story and will be under oath and we might find out some really interesting things about the Biden administration.
Now, I don't know for sure and if it's like everything else, nobody's going to go to jail.
But it's going to be yet another bad news cycle for Democrats because there's nothing good that can come out of that story except for Republicans.
According to the Rasmmanson poll, Trump's overall approval rating is 50% with likely voters.
Um, but here are some subcategories on that poll that are mind-blowing.
He's got, according to Rasmmanson, Hispanic supporters as 62%.
And black at 39%.
If those numbers are real, and I'm I'm kind of skeptical about that.
That would be just mind-blowing.
You know, it could be real, but do you think Hispanic support for Trump is 62%?
Now, this would be likely voters, so it wouldn't wouldn't count any immigrant communities.
Could be.
You know, I've been telling you for a while that if you didn't think that the Hispanics would would back uh Trump, then you you haven't been involved or you haven't had exposure to the Hispanic community.
If you have exposure to the Hispanic community, no surprise at all.
It's totally non-surprising if you've had any conversations with that group.
Well, speaking of Tesla, uh Tesla's robo taxi, which is where a Tesla with full self-driving can become a taxi, um I guess it's called Project Alicorn.
And um this uh feature will quietly appear on Tesla's mobile app code.
And uh so they're looking at a June roll out.
So listen to this.
Um that your car, if you had a Tesla and you wanted to have it double as a taxi, you could come home from work if your car is charged up, I guess, and just activate the app and park your car on the street and it would act like a robo taxi.
So, it would just take off from its parking space, go pick somebody up, uh deliver them to their location, and uh I guess go back and park where it was, and you can make $10 to $30,000 a year just while your car is working for you.
Now, apparently the initial fleet will launch in Austin with 10 to 20 cars, but it's going to scale up really fast.
And here's some of the uh I saw this was on a Mario post.
I guess the source was a user called G.
Filch.
Now, I can't I can't uh vouch for these numbers, but here's what one person estimated.
So that here's the math of it that if you look at Whimo, the competitor, they've got 1,500 robo taxis and they already generate $250 million in revenue.
I guess that's per year, but that's not enough for Whimo to make money.
I guess they have higher costs.
Um, and now if you were to look at Tesla, if they could get up to a 100,000 robo taxis, um, based on the likely charge that there would be for a ride, etc., they would make 2.9 billion in pure profit annually.
And that's just the start.
So the number of billions of dollars that these robo taxes could make, it's a big number.
because you could easily get to millions.
So you're looking at, you know, 2050 billion dollars a year ju just for the robo taxis.
Amazing.
We'll see if that happens.
Meanwhile, uh, as you know, Trump's going to the Middle East to talk to a bunch of countries.
But as the news is reporting, uh, the Trump family has a number of business deals over in the Middle East.
Um, Trump thinks he'll come back with a trillion dollars in commitments to invest in the United States from the Middle East.
If he does, that's going to be pretty impressive.
We'll see.
Axios is reporting that.
Um, but the Wall Street Journal is talking about the Trump family business connections to the Middle East.
And I think I think this is important because these do feel um they do feel like it should at least be fully transparent, which I think it is.
I think it's fully transparent.
So, I'd worry more if uh you know, if we didn't know something about it.
But for example um in the past year uh some Trump branded residential towers have been launched in Dubai and Jedha and and then there's also a Trump luxury golf resort that's being um launched in Cutter.
Now here's what you need to know.
These are Trump branded properties, meaning that he just licenses his name, but the ownership of the property is whoever built it, I guess.
So, Trump does two kinds of business.
One is he does build his own resorts and stuff, but he also just licenses his name to other people who are going to do it.
So, uh, are you comfortable with him doing business as the president with these same countries where there are very large investments that benefit the Trump family?
I'm not fully comfortable with that.
But on the other hand, should they be denied the ability to do what they normally do because this is completely normal business for them.
They license their name.
Do you think that there would be this many Trump branded properties if he were not president of the United States?
I kind of doubt it.
I doubt it.
Um, so you have to worry about that.
Um, and there's something about the UAE and the royal family fund and something about Trump related crypto stable coins that I don't understand, but it looks it looks like something to worry about, something to keep an eye on.
And uh, then on top of that, the Qataris have offered to I won't say give.
Yeah, I guess it's a gift um a gift to the United States of a plane that would replace Air Force One.
Now, you might say to yourself, why do you need to do that?
Well, the Air Force Ones that we have, I think there might be two of them, but they're like 35 to 40 years old.
And Trump has had an order in for a new one for a long time, but it looks like it'll be 7 to 10 years before the the new ones get built.
So, you'd never be able to see the benefits.
But the Qataris have a plane that apparently they're willing to part with a new one.
And uh they said, "Why don't we give it to the Air Force?" So, it's not Trump's gift exactly.
It' be given to the Air Force and then somehow later it would be donated to the Trump Library for his use.
So, that seems a little sketchy.
So, feels a little like you'd be getting a free airplane.
And uh so you got that going on.
So I'm I'm going to say the same thing about all these Trump deals.
They all make me uncomfortable.
The Qatari plane definitely makes me uncomfortable.
Um, and on top of that, uh, as you know, Jared Kushner is doing his own investing and he's he's gotten some co-investors from three of the, uh, the Middle East countries.
What?
Yeah, three states.
I guess three states have committed more than three and a half billion to his private equity fund.
So, that makes me uncomfortable.
But, it's all it's all transparent.
It's all completely legal.
It just makes me uncomfortable.
Um, and then it's sort of semi-related things.
or some investments that uh would be good for Elon Musk such as the Saudi prince Al Wid Binelli El Saud who's a nephew of the king is an investor in X AI which is um Elon Musk's AI company.
So but that's normal.
He's he's just a gigantic investor who does a lot of investing in American companies.
So again, completely transparent, but makes me uncomfortable.
Now, the the only thing I can say that would be softening all these deals is that Trump is the one person who can take your money and then screw you if he needs to.
So, if he were anyone but Trump, you would have to worry more that they they just bought his cooperation.
But I think Trump could take their money and still throw them under the bus if they did something that required that.
But you can't guarantee it.
So in terms of buying influence, I do think they're buying influence.
But there are also countries that, you know, we have a lot of influence on as well.
So I don't know.
I I I'll just say that uh any Democrat criticism on this domain probably probably makes sense, but there's no smoking gun or anything that he's done wrong or that there's there's nothing that looks illegal and it's all completely transparent and it's business as usual for the most part.
It's stuff that they would be doing as normal business, you know, licensing the Trump name, etc.
But like I said, they probably get more offers because he's president.
That's not a coincidence.
So, we we're going to hear a lot more about this Qatari plane.
I think Congress says they have to approve it.
I think the Democrats are going to complain so much that it gets killed.
If I had to guess, it's not more than a 50% chance that that that Qatari plane will actually become something that Trump's riding on.
I I think there'll be enough screaming and kicking from Democrats um or maybe even Republicans would think it looks wrong.
In another news, you know what birthright citizenship is, right?
So that question is coming to the Supreme Court now.
Birthright citizenship is uh the in the constitution and it means that if you're born in this country with very rare exceptions um you are a citizen automatically.
You just have to be born here.
Now Trump wanted to uh end that.
So you've got some legal challenges to the ending of it and uh it's going to go to the Supreme Court.
Now, if you're like me, you say and and you've read the actual language of the Constitution, it doesn't look like there's any wiggle room at all.
To me, it looks like the Constitution is super clear.
If you're born here, you know, with with some exceptions that aren't relevant to this, if you're born here, you're a citizen.
Now, I'm not saying that's good or bad.
I'm just saying that when I read the Constitution, it looks kind of cut and dried, like there's no there's no way you could challenge it.
But of course, that's what lawyers are for.
They always have a way to challenge everything.
And here's the way they're going to challenge it.
So, the citizenship clause um says it applies to children born in the USA who are quote subject to the jurisdiction thereof.
Now, that would uh disqualify, for example, a diplomat's child.
So, if they were a diplomat working in the United States, the diplomats are not subject to our laws.
So, a diplomat can break a law in America and we don't do anything about it because they're not subject to our laws.
But their child is also therefore since it's not subject to our jurisdiction, their child is not automatically an American.
And I think there are some Native American exceptions, etc.
But, uh, here's how they're trying to argue that this subject to the jurisdiction thereof applies to the immigrant population.
And they say it's analogous to Native Americans.
And you know, you know what I always say about analogies?
Analogies are not arguments.
So if all you have is analogous, you don't have anything.
So, forget about analogous.
Let's go to the stronger part.
Um, and they're saying that uh the noncitizens are I guess this would be the babies too are are intentionally entered the country without authorization and likewise refuse to quote formally present themselves to American authorities.
So, does that make you subject to the jurisdiction thereof?
Well, to me, this is the worst argument ever.
And I'm not even a lawyer because the subject to the jurisdiction thereof is more about America thinks you're subject to our jurisdiction.
It's not about what the immigrant thinks.
If the imi if the immigrant comes in and they act like they're not subject to our jurisdiction or they think they're not, that has nothing to do with anything.
They don't get a vote.
It It's up to America.
So, if we say you are subject to our jurisdiction and if we catch you doing illegal things, we're going to put you in jail, I think that's the end of the story, right?
It's not up to them if they're subject to our jurisdiction.
So to me, it looks like there's no chance that Trump can prevail in the birthright citizenship.
And again, I'm not giving you an opinion on whether they should or should not.
It just looks like the argument is terrible.
And you know, again, I'm I'm not a lawyer, so I could be wrong, but it looks terrible to me.
According to Elon Musk, Doge has discovered a 100,000 active federal employees who are also collecting unemployment insurance.
Jim Haft and the Gateway Pundits writing about that.
Now, um I think I've told you before that my current uh view is that I'm not going to believe any of the Doge claims.
I'll just tell you that that claim is out there, but probably it's not exactly what it looks like.
I don't know.
So, I think it's better and and this is not something brand new.
It's something that uh Musk said a little while ago.
Um, so I think that Musk is smart to stay quiet on all the political stuff which he's been doing, but I'm I'm skeptical of all the Doge claims that sound a little too clever.
You know, that one's just a little too on the nose.
You know, might be true, but there there have been so many of the Doge claims that sort of didn't pan out that I'm just going to say, well, that's what he claims.
Apparently India and Pakistan their ceasefire seems to be holding.
It didn't hold at first but now it is.
That would look like a victory for Trump because the American um I think Marco Rubio and his team were working on making sure that Indian Pakistan didn't blow each other up.
Now the the the thing I would say about India and Pakistan is they really didn't want to be in a war.
They really really didn't want to be in a war because there's just no way that that's going to be good for either one of them.
But what they needed was the fake because they they needed some external thing to, you know, talk them off the roof so it didn't look like they were backing down.
So America just comes in with its book big footprint and says, "Hey, you guys knock it off.
We'll help you, you know, hold this ceasefire or something." So this is where America can really be useful.
Uh it was just something that Pakistan and India both needed.
They just needed somebody who wasn't either Pakistan or Indian to come in and put a big boot on it and say, you know, cut it out.
Now, that's not exactly what we did.
We were being helpful, but uh that's just a win.
If if the peace holds, I'd say that's an American win as well as obviously a bigger win for India and Pakistan.
Speaking of war, apparently President Zilinski says he's ready to meet Putin in Turkey.
So, um I don't know if there'll be any ceasefiring before then or during then, but Zalinski and Putin are going to meet and that of course would be uh good for America and uh certainly something that Trump has been pushing for.
get them to talk and it it gets America out of the conversation which is sort of perfect, you know, because I think we would just complicate things at this point.
So, those two just need to work it out.
I guess Germany's new government uh is already threatening um Russia that if they don't do a ceasefire, they're going to put new sanctions on them.
So, Germany is trying to be helpful there.
Um, yeah.
And, uh, of course, the Ukrainians and the and the Russians are just full-on drone war on the on the front.
So, ladies and gentlemen, I think you can see that this is one of the best weeks that Trump has ever had.
And uh if if half of these things go in the right direction, you know, if the the wars look like they're winding down, the prices of stuff look like they're winding down, and did I mention did I mention that uh China and the United States have agreed to delay for 90 days the big tariffs?
So, both countries have pulled back their tariffs.
Now, that that's probably the big reason the market is up.
And that's exactly what we wanted.
I I always say the the stupidest people in the comments are the ones who just say, "I don't understand the topic." Like like you couldn't fit a reason in there.
So anyway, uh Zalinsky had his pants on backwards.
Yeah, it looked like that in one of the pictures, but uh I think uh Scott Bassant probably did some good work.
I think the main thing is just to get China and the United States to think that they're negotiating productively.
Will that lead to anything good?
I don't know.
I saw Joel Pollock mention that it'll save Christmas um because there'll be enough toys for Christmas from China.
Um, but it also puts us in a stronger negotiating position than we've been in.
So, we have China's full attention.
They know that uh Trump would be willing to tariff the hell out of them.
Uh, but one of the things that Scott Bass said, and maybe this is the thing that China wanted the most, is that neither China nor the United States want to decouple.
So I wonder if China was just really afraid of decoupling because there are a lot of people in the United States who do want to decouple such as me.
Uh but there there are a number of industries etc like the the high-end Apple phones.
There's nobody else who can make them.
So the low-end ones I guess you can make in India but the high-end ones require more special processes or whatever and uh so so it looks like we're stuck with China and China is stuck with us on a bunch of different uh levels.
You know we we can't really quickly get all the pharmaceutical products.
We can't quickly get all the tech stuff, the the assembly.
We can't quickly get all the rare earth minerals, etc.
So, we're kind of stuck with each other for a while.
Um, and it looks like maybe we're heading in the right direction.
So, everything's looking good.
Probably the best week that Trump has ever had.
It's my guess.
And, uh, that's all I got for today.
I'm going to say a few words to the uh locals people privately and the rest of you.
I will see you tomorrow, same time, same place.
I hope for more good There's
Come on in here. Let's uh check the
stock market to see if Holy cow, it's a
good day in the stock market. I hope you
have
some. Well, let me get ready for the
show. Looking at your
comments. Looking
good. There must be a lot of good news
today. What do you
think? Good morning everybody and
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The thing that makes everything better.
It's called the simultaneous sip. And it
happens
now. That's good
stuff. Well, let's start with the
ridiculous and get to the sublime.
from the ridiculous to the
sublime. According to News Nation,
um UFO hit a US fighter
jet. Pilots flying over Arizona said
they they saw swarm swarms swarms I say
of weird flying objects and one of them
smashed into a
F-16. I guess the pilot's okay. Um, but
the FAA confirmed it and uh, former
Pentagon UFO guy says uh, Arizona's been
buzzing with sightings near the border.
But some people say it's just the
cartels
drones. I'm going to go with cartel
drones. That would be my guess. Uh, I do
not think the aliens are at the border.
Why? Why would the aliens even be there
of all places for them to
be? Well, according to Eric and Dolan
and Sai Post, did you know that
left-wing authoritarians are less likely
to support f
um physically strong men as their
leaders? So, if you're a left-wing
person, you don't like leaders that are
physically strong. But if you're a
right-wing person, you like them strong.
How many people are surprised by
that?
Not, you know, I really think that
politics is just a difference in
testosterone sometimes, at least, you
know, the the male version of politics.
Uh I can't judge for women, but for men,
it's kind of
testosterone. The Republicans are high
testosterone. the Democrats with low
testosterone and everything else is just
rationalization. That's what I
think. Well, did you know that the
weight loss drugs
um laglutide and saglutide
um make a huge difference in reducing
your alcohol
consumption without any extra effort. So
the patients say it doesn't take any
effort. They just don't want as much
alcohol. So that's good. This is more
evidence that willpower is fake and
imaginary. Uh that's the hypnotist
frame. If you're a hypnotist, you learn
that people make decisions based on
whatever hormonal soup is bubbling up in
their bodies. And then after they made
the decision, they layered over it with
a rationalization. Oh yeah, the reason I
did that was this. But it's really just
chemical
reaction. So once you learn that
willpower is fake and that just some
people like things more than others. How
hard is it for me to avoid
alcohol? It's easy because I didn't like
it that much.
How how hard is it or was it when I was
more active? How hard was it for me to
exercise every day? Not hard at all
because I liked it. If I didn't like it,
it probably would have been nearly
impossible. So, no, willpower doesn't
exist. There's just stuff you like and
stuff you don't like. And that's usually
just chemical and cause and effect and
the structure of your brain and has
nothing to do with anything
else. Um, here's some good news. And
wow, I was worried about this for a
while, but it turns out that the new
pope, Pope Leo,
um he's calling for peace in Gaza and
Ukraine.
Yes, I was so worried that the Pope
would be
pro-war, but no. Turns out we got lucky
again. It's like I don't know how many
popes in a row, but our luck is really
holding. They all seem to be
anti-war. And every time they announce
it, I say to
myself, "Boy, that could have gone
either
way." But it turns out that the Pope has
a
brother. Have you all checked out the
news about the Pope's
brother? This is the problem with having
an American
pope. He's got an American
brother. And the American brother is
super mega. And I guess he's so mega.
The Gateway Pundits reporting that uh he
not too long ago shared on X, I guess he
shared a video calling uh Nancy Pelosi a
drunk
uh
c-word. So a drunken
c-word. And he mocks the quote crying
libs with Trump derangement syndrome.
So, he's uh not just a little bit mega,
but he's he's like way mega. Now, if you
don't think this is going to be fun, I
immediately looked for his X account,
but I couldn't find it. So, is he
posting somewhere else? Maybe not on X,
but I want to follow him so badly. Well,
I I was also interested to see if he
followed me because it'd be fun if the
Pope's brother followed you on X, but I
did not see his account. So, if anybody
if anybody knows what his actual account
is, I saw three that looked fake. You
know, they were too small for for that.
But if somebody knows which one is his,
can you alert me to it? I'd love to
follow him.
Well, let's talk about the great cocaine
hoax. Um, some of you saw a video of uh
um French President Mcronone and British
Prime Minister Starmer and uh German
Chancellor MS. They were all together on
a table. It looked like it was on a
train maybe or on a maybe some kind of a
jet, but they were uh sitting at a table
and the the photographers came in, the
videographers, I guess, and uh you saw
Mcronone grab this little rolled up
tissue and sort of take it, you know,
surreptitiously away. And then you saw
MS uh grab some little thing that people
are calling a a coke
spoon and uh and you know kind of hiding
it from the cameras.
Now why in the world would you think a
baldup tissue is where somebody was
holding their
cocaine? It didn't look like cocaine to
me. And and that little thing that they
call a cocaine spoon. You really
couldn't tell what it was. I mean, it
could have been a could have been, I
don't know, a straw that he he was
playing with or something, but uh it
looked to me like they were just making
the table look less messy and they were
just preparing for the photo shoot, I
guess. So, I would say that's fake news.
I'm not No, I'm not saying that they're
not all coked up. That might be true.
Well, I don't know. Maybe. But, uh, it
didn't it didn't look like a cocaine
anything to
me. So, I'm going to say that's most
likely a
hoax. Well, Hamas has decided to uh help
Trump get a little distance between
Israel and Trump. Kind of cleverly,
Hamas is going to release uh the
American the remaining living American
hostage, Eden Alexander. So, that's
going to happen today, I guess. And uh
that was Trump's victory. So Trump gets
some victory in getting the last
American hostage out. Now the Israelis
of course would wish that more Israelis
had been released, but I think you can
see this as a clever Hamas move to put a
little distance between America and
Israel and it worked. So you but you
could also see that Trump seems to be
willing to do things that are good for
America and Americans even if Israel
doesn't love it. So there's definitely a
new world out there. Uh Trump is
certainly going his own way and probably
never appreciated all the people who
said that, you know, the government is a
puppet of Israel because at the moment
it doesn't look like it. At the moment,
it looks like Trump's doing his own
thing and Israel is going to have to do
their own thing. We'll be allies, of
course, but uh not not singing from the
same uh song sheet or whatever that
whatever that saying
is. So, Trump gets the win uh just at
the time he's getting ready to go to the
Middle East to do some
deals. So, he's looking good there.
Um, Trump is also signing, I think
today, if he hasn't already done it,
might be any minute now, he's going to
sign an executive order to lower
pharmaceutical
um costs. And the executive order will
require the drug companies to offer the
pharmaceuticals to American consumers at
the lowest price that they sell it
anywhere. So if if the Albonians are
paying less than we are, then we get the
Albonian price. Now, I didn't know you
could do that with an executive order,
but I guess he's going to try. So, this
will be funny because will this cause
the Democrats to be in favor of higher
prices for
pharmaceuticals? And how are they going
to explain that Biden couldn't do this
if it works? I mean, I imagine there'll
be some kind of challenges from the
pharmaceutical people, but it turns out
it gets kind of
complicated because there are things
called
PBMs. How many of you would even know
what that is? A
PBM. It's a pharmacy benefit manager.
And it's this big middleman entity that
is between the the pharmaceutical
companies and the big health care
companies and even the government
Medicaid and everything else. So that
the these middle people, these pharmacy
benefit managers or PVMs, they uh I had
to go to Grock to find out exactly what
they do. But they uh they manage
prescription drug benefits for health
insurance plans and employers, etc. And
they act as a middleman between drug
manufacturers, pharmacies, uh insurers,
and patients. And here's the key. With
the goal of controlling costs and
administering drug coverage and they
play a significant role in the US
prescription drug supply chain, but but
they're often criticized for opaque
practices that can inflate costs. So the
pharmaceutical companies immediately
said, "Wait, don't blame us for these
high costs. It's because the middlemen
are sort of inflating the costs. Now,
that seems to be partly true, meaning
that there's no doubt that the middleman
is getting a cut. And it's also true
that they're opaque, meaning that if you
ask them for details of what they do or
why they do it, or can you show me your
price sheet or they won't show you that
stuff. So, so they operate as a big
black
hole and there does seem to
be some indication that they're part of
the problem uh of the higher prices.
Now, you might say, well, they're a
middle band, so they're supposed to take
their cut, which is true, but you can't
really monitor whether their cut makes
sense or it's too high because if you
try to ask them questions, you would get
nothing. It's just a big black hole.
Now, this is where Mark Cuban um becomes
a valuable citizen. So, you might know
that Mark Cuban has his own um discount
uh pharma drug company that he's been
promoting lately. I think it's cost plus
cost plus drugs. Hope I have the name
right. And he weighed in on this and he
had a lot to say about the PBMs, these
these middlemen. Now, I won't read you
his whole uh his whole uh explanation of
how bad they are, but if any of what he
said about them is true, and I think it
is, they're pretty
bad. And so, there's some kind
of some kind of fix that will be needed
for these PBMs. Uh if we just let Well,
I guess it's a free market, so they can
do what they want. But uh you should uh
you should see what Mark Cuban says
about them because if you're trying to
understand the whole pharmaceutical why
are our prices so high he he's got a lot
that contributes to that. So um I think
he should
be you should really pay attention to
him on this topic because it's one that
he knows a lot
about. Well, so that's, you know, that's
going to make the prices come down. So,
uh, the, uh, in other news, Futurism is
reporting that the FDA is going to start
using AI to speed up the, uh, approval
of drugs. Now, you might say to
yourself, "But wait, AI
hallucinates? Is AI going to say my drug
is safe when it isn't?"
Well, they're they're still going to
have to check the work of the AI to make
sure it's not hallucinating, but
apparently you can speed through the
analysis and do in minutes what would
take days for a human to do. So, I don't
know if they have a lot of
uh wrinkles they have to iron out of
this, but they seem to be very
optimistic about it.
It does seem to me that it's the perfect
application for AI because it's, you
know, wildly complicated every time
there's a new trial and a new drug and
all the rest. So, yeah, AI to accelerate
the FDA
approvals. Probably there's going to be
some problems, you know, because it's
such a big change, but I feel like we
have to get there. I mean, it seems like
that's exactly the place AI should make
a difference. Breitbart is reporting
that uh Trump signed four bills on
Friday where he's rolling back some
Biden regulations on uh appliances like
water heaters and refrigerators and
walk-in coolers and some other household
appliances. Now, the the Biden
regulations were, of course, to reduce
uh energy consumption, I believe, and uh
so Trump's rolling that back. So, that
would lower the cost of those devices.
So, now we've got Trump lowering the
cost of big
pharma, lowering the cost of household
appliances, lowering the cost of eggs,
gas, and a lot of other things.
So, uh, an energy, I guess. So, it's
going to be hard to hard to ignore
that. So, Trump is having the week of
all weeks. I mean, I I'm just still
going that the list gets longer, but I
don't think any president has ever had
this good a
week because he's really nailing it this
week. Um, but I'll tell you what isn't
working is the Republicans are trying to
wrap up their big beautiful bill, the
the
budget. Everything about this budget
effort looks fake and theatrical and
performative. I don't believe anything
that's coming out of him. I don't think
they're going to give Trump half of or
even three quarter. Well, I don't think
they'll give him a quarter of what he
wants.
Um, I think that they will just kick the
can down the road, add to the budget
deficit, and lead us toward doom. Um, I
don't know what's going to stop it, but
they're pretending to have this markup
session in which they're going to do a
bunch of good things. It's all theater.
I I just don't believe any of it.
But uh at least one subset of the
Republicans, I guess this would be I
forget which group it is, but they're
they're looking at steep cuts to
Medicaid. And so I said to myself, what
Trump said no cuts to
Medicaid? Why are they going to ruin his
big bill and the biggest thing he said,
which is no cuts to Medicaid? So, it
looks like they've got all these weasel
freaking tricks to lower the cost of
Medicaid
by finding clever ways to deny it to
people, basically. So, one of the clever
ways to deny it to people, now this is
not this is not a done deal. These are
just proposals that we think we're going
to see. Um, one of them would be a work
requirement. So, you couldn't get
Medicaid unless you were in school or
doing some public service of some kind
or working.
And that alone would deny it to, they
think, six million
people. So, the Democrats will say
accurately, wait a minute, you've just
installed some clever trick to deny 6
million people Medicaid. Republicans
will
say, "All we ask is that they do
something useful for the country so that
the country can do something useful for
them." It's not a terrible argument, but
it's going to look like they cut
Medicaid. So, can Republicans survive
that an obvious trick to cut Medicaid?
Because, you know, those people aren't
all going to work. What are they going
to do? go to the hospital and still get
medical care and not and have the
hospital cover
it. So, there's that. And then
apparently the bill, and again, this is
just first drafts, so it doesn't mean
it's real, would require some
beneficiaries to pay more for their
care. I guess that would be income
based. And there were some other clever
tricks in there. All of it just looks
like pure weasel theatrics.
Uh I am
completely disappointed in the
Republicans. Just completely
disappointed that to me the most
important thing we had to get right was
cutting the budget. It looks like
nothing like that's going to happen
because I don't think that Trump's going
to sign off on something that definitely
looks like cutting
Medicaid. You know, you could argue all
day, well, we have reasons. And no, no,
no, we're not cutting it because anybody
can get it. They just have to do some
public
service. But, you know, the the bottom
line will
be the Democrats will accurately say
he's cutting Medicaid for some people.
It'll be a lot of people, be
millions. I don't have a better idea, by
the way, but it's their job to do the
budget, not mine. So, I think I think
we're all going to be disappointed with
whatever the Republicans have. I'm not
even sure that they're going to have no
tax on tips and no tax on social
security and all those other things
Trump wanted. I don't think he'll get
any of that. I I think that they're just
going to say no on all of that. We'll
see.
Well, Apple is apparently, according to
the Wall Street Journal, um thinking
about raising the price of their
iPhones, but without blaming
tariffs. Uh Apple is kind of a clever
company in terms of how they cover their
public relations. They they've always
been good at it, but uh they don't want
to blame China because that would be
trouble. And they don't want to blame
Trump because that would be trouble. So
they want to raise their prices because
of tariffs, but they want to make it
look like it's not because of tariffs.
So the only way to do that would be if
you somehow added some extra features
and you go, "Oh yeah, these extra
features are worth a I don't know few
hundred more." So we'll see what they
do. But my big question would be, what
would Steve Jobs do in this situation?
Would Steve Jobs be handling this
completely differently in some out of
the box way that we can't imagine? I
feel like he would, but of course I
can't, you know, guess what he would
have done because that's what made him
Steve Jobs and we're not Steve Jobs. But
I feel like he would have handled this
whole tariff China stuff differently. I
just don't know
how. Well, Democrats are uh continuing
their uh lame approach to politics. Uh
now they've added to their
oligarchs that they're that they want to
keep habius
corpus. Now, if you were to do a survey
of people on the street and say, "Are
you a Democrat?" Yes. Uh what's an
oligarch? Well, I don't know. What's
habius corpus? I never heard of it. So
they're so they're they're betting on
words that their base doesn't even know
what they mean. So I love this. Let's do
more let's more more oligarchic and
habius corpus. If you can get them to
talk about that all day long and then
look at Trump. I cut your pharmaceutical
costs. I freed a
hostage. I'm going to bring a trillion
dollars back in investments from the
Middle East.
What part of that don't you understand?
It's just so
simple. And then you go to the Democrats
and they're like, "Well, we we oppose
the oligarchs and we want to make sure
that we keep Amy Corpus for the MS-13
guys." Well, and everybody
else, it's so lame. And then then what
about the chaos?
If you were to ask the person in the
street, where's the chaos happening?
Now, they might say Doge, but have you
noticed that Elon Musk has quite
cleverly removed himself from all
political
conversation? It used to be that every
time I got on X, there would be very
political proTrump
um posts pretty much every day. But I
think he's completely pulled himself out
of politics and he's just doing Tesla
related posts and stuff and Tesla stock
is way up based on the fact that he's
focusing on, you know, the nuts and
bolts that he's getting out of politics.
So that's
good. That's good.
Meanwhile, uh James Carville and Roana,
they're trying to distance
themselves from a uh some comments made
by uh what's her
name?
Uh Elon Omar. So, I guess in 2018, she
made some comments about uh white people
and that video has
reemerged. And I guess the comments were
originally in an interview with Medi
Hassan and Omar stated uh I would say
our country should be more fearful of
white men across our country because
they are actually causing most of the
deaths within this
country. And and then uh
Carville is trying to distance himself
and say we need less of that and blah
blah blah. And I'm thinking to
myself, look at what Trump is talking
about. Even if he doesn't get it done,
he's talking about cutting your taxes
and freeing hostages and ending wars and
lowering pharma
costs. That's what Trump's talking
about, sealing the border.
and and Carville's talking about a 2018
video where where somebody his team was
being a
racist. You that's the biggest
difference you could even imagine
between the two parties. And uh but at
least uh Elon Omar finally explained to
me why people hide when I enter the
room.
I didn't realize I was that scary. But
apparently as a white man, I am one of
the scariest people in the country. So
that explains why people get under their
tables and run away when I enter. I
always wondered about that. Here's some
more bad news for Democrats.
Apparently, the House Judiciary
Committee is going to interview Jack
Smith's uh lead prosecutor who did the
Mara Lago uh box gate. You know, the
when uh Trump was accused of having all
these uh boxes of stuff.
And you know, we've heard enough about
that story to believe that there's
something there.
There's something sketchy there. It
could be that it was being directed by
the White House. Uh it could be that it
wasn't a purely
um let's say legal problem. Could be
that there were politics pushing it.
So, the lead prosecutor probably knows
where all the bodies are buried on this
story and will be under oath and we
might find out some really interesting
things about the Biden
administration. Now, I don't know for
sure and if it's like everything else,
nobody's going to go to jail. But it's
going to be yet another bad news cycle
for Democrats because there's nothing
good that can come out of that story
except for
Republicans. According to the Rasmmanson
poll, Trump's overall approval rating is
50% with likely voters. Um, but here are
some subcategories on that poll that are
mind-blowing. He's got, according to
Rasmmanson, Hispanic supporters as
62%. And black at
39%. If those numbers are real, and I'm
I'm kind of skeptical about that. That
would be just
mind-blowing. You know, it could be
real, but do you think Hispanic support
for Trump is 62%? Now, this would be
likely voters, so it wouldn't wouldn't
count any immigrant
communities. Could be. You know, I've
been telling you for a while that if you
didn't think that the Hispanics would
would back uh Trump, then you you
haven't been involved or you haven't had
exposure to the Hispanic community. If
you have exposure to the Hispanic
community, no surprise at all. It's
totally non-surprising if you've had any
conversations with that
group. Well, speaking of Tesla, uh
Tesla's robo taxi, which is where a
Tesla with full self-driving can become
a taxi, um I guess it's called Project
Alicorn. And
um this uh feature will quietly appear
on Tesla's mobile app code.
And uh so they're looking at a June roll
out.
So listen to this. Um that your car, if
you had a Tesla and you wanted to have
it double as a taxi, you could come home
from work if your car is charged up, I
guess, and just activate the app and
park your car on the street and it would
act like a robo taxi. So, it would just
take off from its parking space, go pick
somebody up, uh deliver them to their
location, and uh I guess go back and
park where it was, and you can make $10
to $30,000 a year just while your car is
working for you.
Now, apparently the initial fleet will
launch in Austin with 10 to 20 cars, but
it's going to scale up really
fast. And here's some of the uh I saw
this was on a Mario post. I guess the
source was a user called G. Filch. Now,
I can't I can't uh vouch for these
numbers, but here's what one person
estimated. So that here's the math of it
that if you look at Whimo, the
competitor, they've got 1,500 robo taxis
and they already generate $250 million
in revenue. I guess that's per year, but
that's not enough for Whimo to make
money. I guess they have higher costs.
Um, and now if you were to look at
Tesla, if they could get up to a 100,000
robo taxis,
um, based on the likely charge that
there would be for a ride, etc., they
would make 2.9 billion in pure profit
annually. And that's just the start. So
the number of billions of dollars that
these robo taxes could
make, it's a big number.
because you could easily get to
millions. So you're looking at, you
know, 2050 billion dollars a year ju
just for the robo
taxis.
Amazing. We'll see if that happens.
Meanwhile, uh, as you know, Trump's
going to the Middle East to talk to a
bunch of countries. But as the news is
reporting, uh, the Trump family has a
number of business deals over in the
Middle East. Um, Trump thinks he'll come
back with a trillion dollars in
commitments to invest in the United
States from the Middle East. If he does,
that's going to be pretty impressive.
We'll see. Axios is reporting that. Um,
but the Wall Street Journal is talking
about the Trump
family business connections to the
Middle East. And I think I think this is
important because these do feel
um they do feel like it should at least
be fully transparent, which I think it
is. I think it's fully transparent. So,
I'd worry more if
uh you know, if we didn't know something
about it. But for example um in the past
year uh some Trump branded residential
towers have been launched in Dubai and
Jedha and and then there's also a Trump
luxury golf resort that's being um
launched in
Cutter. Now here's what you need to
know. These are Trump branded
properties, meaning that he just
licenses his name, but the ownership of
the property is whoever built it, I
guess. So, Trump does two kinds of
business. One is he does build his own
resorts and stuff, but he also just
licenses his name to other people who
are going to do it.
So, uh, are you comfortable with him
doing business as the president with
these same countries where there are
very large investments that benefit the
Trump
family? I'm not fully comfortable with
that. But on the other hand, should they
be denied the ability to do what they
normally do because this is completely
normal business for them. They license
their name. Do you think that there
would be this many Trump branded
properties if he were not president of
the United
States? I kind of doubt
it. I doubt it. Um, so you have to worry
about that.
Um, and there's something about the UAE
and the royal family fund and something
about Trump related crypto stable coins
that I don't understand, but it looks it
looks like something to worry about,
something to keep an eye on. And uh,
then on top of that, the Qataris have
offered
to I won't say give. Yeah, I guess it's
a gift um a gift to the United States of
a plane that would replace Air Force
One. Now, you might say to yourself, why
do you need to do that? Well, the Air
Force Ones that we have, I think there
might be two of them, but they're like
35 to 40 years old. And Trump has had an
order in for a new one for a long time,
but it looks like it'll be 7 to 10 years
before the the new ones get built. So,
you'd never be able to see the benefits.
But the Qataris have a plane that
apparently they're willing to part with
a new one. And uh they said, "Why don't
we give it to the Air Force?" So, it's
not Trump's gift exactly. It' be given
to the Air Force and then somehow later
it would be donated to the Trump
Library for his
use. So, that seems a little sketchy.
So, feels a little like you'd be getting
a free airplane.
And uh so you got that going on. So I'm
I'm going to say the same thing about
all these Trump deals. They all make me
uncomfortable. The Qatari plane
definitely makes me uncomfortable.
Um, and on top of that, uh, as you know,
Jared Kushner is doing his own investing
and he's he's gotten some
co-investors from three of the, uh, the
Middle East countries. What? Yeah, three
states. I guess three states have
committed more than three and a half
billion to his private equity
fund. So, that makes me uncomfortable.
But, it's all it's all transparent. It's
all completely
legal. It
just makes me
uncomfortable. Um, and
then it's sort of semi-related things.
or some investments that uh would be
good for Elon Musk such as the Saudi
prince Al Wid Binelli El Saud who's a
nephew of the king is an investor in X
AI which is um Elon Musk's AI
company. So but that's normal. He's he's
just a gigantic investor who does a lot
of investing in American companies. So
again, completely
transparent, but makes me uncomfortable.
Now, the the only thing I can say that
would be softening all these
deals is that Trump is the one person
who can take your money and then screw
you if he needs
to. So, if he were anyone but Trump, you
would have to worry more that they they
just bought his cooperation.
But I think Trump could take their money
and still throw them under the bus if
they did something that required
that. But you can't guarantee it. So in
terms of buying influence, I do think
they're buying
influence. But there are also countries
that, you know, we have a lot of
influence on as
well.
So I don't know. I I I'll just say that
uh any
Democrat criticism on this
domain
probably probably makes sense, but
there's no smoking gun or anything that
he's done wrong or that there's there's
nothing that looks illegal and it's all
completely transparent and it's business
as usual for the most part. It's stuff
that they would be doing as normal
business, you know, licensing the Trump
name, etc. But like I said, they
probably get more offers because he's
president. That's not a
coincidence. So, we we're going to hear
a lot more about this Qatari plane. I
think Congress says they have to approve
it. I think the Democrats are going to
complain so much that it gets killed. If
I had to guess, it's not more than a 50%
chance that that that Qatari plane will
actually become something that Trump's
riding on. I I think there'll be enough
screaming and kicking from Democrats
um or maybe even Republicans would think
it looks
wrong. In another news, you know what
birthright citizenship is, right? So
that question is coming to the Supreme
Court now. Birthright citizenship is uh
the in the constitution and it means
that if you're born in this country with
very rare exceptions
um you are a citizen automatically. You
just have to be born here. Now Trump
wanted to uh end that. So you've got
some legal challenges to the ending of
it and uh it's going to go to the
Supreme Court. Now, if you're like me,
you say and and you've read the actual
language of the Constitution, it doesn't
look like there's any wiggle room at
all. To me, it looks like the
Constitution is super clear. If you're
born here, you know, with with some
exceptions that aren't relevant to this,
if you're born here, you're a citizen.
Now, I'm not saying that's good or bad.
I'm just saying that when I read the
Constitution, it looks kind of cut and
dried, like there's no there's no way
you could challenge it. But of course,
that's what lawyers are for. They always
have a way to challenge everything. And
here's the way they're going to
challenge it. So, the citizenship clause
um says it applies to children born in
the USA who are quote subject to the
jurisdiction thereof.
Now, that would uh
disqualify, for example, a diplomat's
child. So, if they were a diplomat
working in the United States, the
diplomats are not subject to our laws.
So, a diplomat can break a law in
America and we don't do anything about
it because they're not subject to our
laws. But their child is also therefore
since it's not subject to our
jurisdiction, their child is not
automatically an American. And I think
there are some Native American
exceptions,
etc. But, uh, here's how they're trying
to argue that this subject to the
jurisdiction thereof applies to the
immigrant
population. And they say it's analogous
to Native Americans. And you know, you
know what I always say about
analogies? Analogies are not
arguments. So if all you have is
analogous, you don't have anything. So,
forget about analogous. Let's go to the
stronger part. Um, and they're saying
that uh the
noncitizens are I guess this would be
the babies too are are intentionally
entered the country without
authorization and likewise refuse to
quote formally present themselves to
American
authorities.
So, does that make you subject to the
jurisdiction
thereof? Well, to me, this is the worst
argument ever. And I'm not even a lawyer
because the subject to the jurisdiction
thereof is more about America thinks
you're subject to our jurisdiction. It's
not about what the immigrant thinks. If
the imi if the immigrant comes in and
they act like they're not subject to our
jurisdiction or they think they're not,
that has nothing to do with anything.
They don't get a vote. It It's up to
America. So, if we say you are subject
to our jurisdiction and if we catch you
doing illegal things, we're going to put
you in jail, I think that's the end of
the story, right? It's not up to them if
they're subject to our jurisdiction. So
to me, it looks like there's no chance
that Trump can prevail in the birthright
citizenship. And again, I'm not giving
you an opinion on whether they should or
should not. It just looks like the
argument is
terrible. And you know, again, I'm I'm
not a lawyer, so I could be wrong, but
it looks terrible to me. According to
Elon Musk, Doge has discovered a 100,000
active federal employees who are also
collecting unemployment
insurance. Jim Haft and the Gateway
Pundits writing about that. Now, um I
think I've told you before that my
current
uh view is that I'm not going to believe
any of the Doge claims.
I'll just tell you that that claim is
out there, but probably it's not exactly
what it looks like. I don't know. So, I
think it's better and and this is not
something brand new. It's something that
uh Musk said a little while ago. Um, so
I think that Musk is smart to stay quiet
on all the political stuff which he's
been doing, but I'm I'm skeptical of all
the Doge claims that sound a little too
clever. You know, that one's just a
little too on the nose. You know, might
be
true,
but there there have been so many of the
Doge claims that sort of didn't pan out
that I'm just going to say, well, that's
what he claims.
Apparently India and Pakistan their
ceasefire seems to be holding. It didn't
hold at first but now it is. That would
look like a victory for Trump because
the American um I think Marco Rubio and
his team were working on making sure
that Indian Pakistan didn't blow each
other up.
Now the the the thing I would say about
India and Pakistan is they really didn't
want to be in a war. They really really
didn't want to be in a war because
there's just no way that that's going to
be good for either one of them. But what
they needed was the fake because they
they needed some external thing to, you
know, talk them off the roof so it
didn't look like they were backing down.
So America just comes in with its book
big footprint and says, "Hey, you guys
knock it off. We'll help you, you know,
hold this ceasefire or something." So
this is where America can really be
useful. Uh it was just something that
Pakistan and India both needed. They
just needed somebody who wasn't either
Pakistan or Indian to come in and put a
big boot on it and say, you know, cut it
out. Now, that's not exactly what we
did. We were being helpful, but uh
that's just a win. If if the peace
holds, I'd say that's an American win as
well as obviously a bigger win for India
and Pakistan.
Speaking of war, apparently President
Zilinski says he's ready to meet Putin
in Turkey. So, um I don't know if
there'll be any ceasefiring before then
or during then, but Zalinski and Putin
are going to meet and that of course
would be
uh good for America and uh certainly
something that Trump has been pushing
for. get them to talk and it it gets
America out of the
conversation which is sort of perfect,
you know, because I think we would just
complicate things at this point. So,
those two just need to work it out. I
guess Germany's new government uh is
already threatening um Russia that if
they don't do a ceasefire, they're going
to put new sanctions on
them. So, Germany is trying to be
helpful there.
Um,
yeah. And, uh, of course, the Ukrainians
and the and the Russians are just
full-on drone war on the on the
front. So, ladies and
gentlemen, I think you can see that this
is one of the best weeks that Trump has
ever had. And uh if if half of these
things go in the right direction, you
know, if the the wars look like they're
winding down, the prices of stuff look
like they're winding down, and did I
mention did I mention that uh China and
the United States have agreed to delay
for 90 days the big tariffs? So, both
countries have pulled back their
tariffs. Now, that that's probably the
big reason the market is up. And that's
exactly what we
wanted. I I always say the the stupidest
people in the comments are the ones who
just say, "I don't understand the
topic." Like like you couldn't fit a
reason in
there. So anyway,
uh Zalinsky had his pants on backwards.
Yeah, it looked like that in one of the
pictures, but uh I think uh Scott
Bassant probably did some good work. I
think the main thing is just to get
China and the United States to think
that they're negotiating productively.
Will that lead to anything good? I don't
know. I saw Joel Pollock mention that
it'll save Christmas
um because there'll be enough toys for
Christmas from China. Um, but it also
puts us in a stronger negotiating
position than we've been in. So, we have
China's full attention. They know that
uh Trump would be willing to tariff the
hell out of them. Uh, but one of the
things that Scott Bass said, and maybe
this is the thing that China wanted the
most, is that neither China nor the
United States want to decouple.
So I wonder if China was just really
afraid of decoupling because there are a
lot of people in the United States who
do want to
decouple such as
me. Uh but there there are a number of
industries etc like the the high-end
Apple phones. There's nobody else who
can make them. So the low-end ones I
guess you can make in India but the
high-end ones require more special
processes or
whatever and
uh so so it looks like we're stuck with
China and China is stuck with us on a
bunch of different uh levels. You know
we we can't really quickly get all the
pharmaceutical products. We can't
quickly get all the tech stuff, the the
assembly. We can't
quickly get all the rare earth minerals,
etc. So, we're kind of stuck with each
other for a while. Um, and it looks like
maybe we're heading in the right
direction. So, everything's looking
good. Probably the best week that Trump
has ever had. It's my
guess. And, uh, that's all I got for
today. I'm going to say a few words to
the uh locals people privately and the
rest of you. I will see
you tomorrow, same time, same place. I
hope for more good There's