Back to episode — Episode 1887 Scott Adams - Kanye Says White Lives Matter And Elon Musk Is Buying Twitter. Fun News
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out that Hunter? He went to Albania. Really? Yeah. So what? Well, you know, Albania is our enemy. Yeah, well a lot of people go there. You know, he talked to somebody important in the government. Really? That's kind of sketchy. But you know, probably people do that. It's no big deal. You know, you talk to people in the government and they talked about making a deal. And I thought, oh, huh. That's…
← Previous segment →you know that? That's not their business model. That's what they promise you. That's why you put your money there, to make money. But that's not their business model. No, their business model is to get as much of your money away from you and into their pockets as they can.
So they want you to not put your money in one place and have it sit there, although they could make money on just managing it. So they can get your money two different ways. One is moving it into a fund they manage so they want to build some around that so you'll move to them. But the other way that not necessarily BlackRock but financial companies in general is that they can make cheese on moving you in and out of stuff. So the fund managers want you to move around because that's how they make money. Now how you make money is how they make money. And they want to go into their fund because again that's how they make money. It's not how you make money.
All right, so the companies that are the least ethical companies in America are the big funds, the big financial companies. They're the least ethical because they don't even pretend to sell you what you think you're buying. They don't even pretend. Yeah, I guess they pretend a little bit, but it's such a thin pretense. It's like, okay, you're just moving our money into your pocket but you're scaring us so that we'll let you do it. So what they really sell is fear. A big financial company is selling you fear. And here's the fear. If you do it yourself, you're going to fuck up. That's it. That's the whole thing. That's their entire business pitch. If you do it yourself, well you're going to fuck up. So you better let us do it. So it's a complete scam. That's why you should manage your own money if you can.
All right, and I guess there's 350 billion of these funds, so it's big money. So ESG is being backed by big money people who have tons of money on the line. The big money people are not interested in the environment necessarily. I mean they might also be. And they're not interested in the companies doing well necessarily. They're looking for their fees.
So apparently Apple is making some changes to move its supply chain closer to Cupertino because of supply chain uncertainty, especially China. Now do you remember in 2018 when people laughed at me and mocked me for saying that China was too risky for business and we would decouple? Yeah, do you remember how crazy that sounded? And I just kept saying to the public, and I was the only one. I think I was the only public person. That's not true. Kyle Bass was saying it. Gordon Chang I think was saying it. But it was a rare thing to say. But now it's just normal. Now it's just normal. Peter's Anne sang for years. Yes, that's correct.
I also said Ukraine could win against Russia. I was mocked and now that is common belief. And I said Trump would win in 2016 and I was mocked. Now how many times do I have to say something crazy before you'll give me the benefit of the doubt? Like what do I have to do? I get that I got some things wrong, but the ones I got wrong were sort of ordinary ones like guessing who the vice president pick would be. Everybody gets that wrong. I mean the ones I got right, you should look at these three and just say, okay that's freaky. I'll just say the three: decoupling from China, Ukraine winning the war, and Trump getting the presidency in 2016. Who else got those three right?
I also said that the Project Warp Speed would not create a vaccination that worked and then I mean it worked in a therapeutic way but that's it. We hoped. Maybe it was worse than that.
Why am I claiming the end of the Ukraine war? I'm not. Have you noticed that everybody who thinks they disagree with me is imagining what I thought? Perfect example. Why am I claiming the end of the Ukraine war? Did I do that? I just claimed the end of the war. Everybody has to add something to make me wrong. It's like it's super important that I be wrong so you have to just add something.
So there's this NYU chemistry professor who got sacked after 82 of his 300, of his 350 students complained that his course was too hard. His organic chemistry class, it was too hard. So he got fired. Now the way this
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is being reported at least in right-leaning news is that students are a bunch of and if they were as tough as they used to be they would just take that hard class and they'd suck it up and that's the way it is and you don't get participation trophies. And I'm completely on the other side of that. I've experienced science being made harder than it needs to be. Is it my imagination that organic che…
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