s not that he gave five million for nothing. Some amount of it was loans according to Hunter. There were loans.

Could somebody get me a copy of the loan agreement? Or I'm just going to guess. I'll bet you when he's asked for the loan agreements he's going to say they're missing. Possibly lost. Lost or missing. Anybody want to take the other side of that bet that the loan documents, they definitely existed but I don't know it might be in my WhatsApp messaging that reset itself somehow. Kind of an app, kind of a bug. I uninstalled an app and now my files are all gone. Yeah I think something like that. Something like that's going to happen.

So I guess Hunter does use this trick of saying something's a loan and then avoiding taxes. You realize of course that at some point if you said something's a loan and you don't ever pay it back, at some point you still have to call that income don't you if you never pay it back? Actually I don't know the answer to that question. If anybody's an IRS expert, let's say you legitimately received a loan and you actually had paperwork for it and then you just didn't pay it back. Does it ever count as income if it's obvious? Once it becomes obvious there's no intention to ever pay it back and maybe you have the money. It's clearly true you have the money to pay it back but you just don't. Does it become income at that point or does it become just bad news for the person who gave you the loan from a banking perspective?

If somebody defaulted it wouldn't be income if you simply defaulted because you couldn't afford it. That doesn't become income. That's just a defaulted loan. But if it's clear you never had documents, ten years of going by, you've never made an interest payment, you've made no attempt to pay it back, wouldn't the IRS reclassify that as income eventually? Somebody says if you default on a credit card it counts as income. Oh I'm seeing opinions that people are saying that it does count as income. Interesting. Could have gone either way. I didn't know how that was going to go.

All right well these are comments on social media so talk to your accountant before you take my tax advice or anybody else's.

So what do you think of this? Is there any reason that this one Hollywood lawyer would be giving millions of dollars to one person who by the way they were not childhood friends? This guy started giving Hunter millions within a few years of meeting him. Now that's a friend.

All right. FBI director Wray was testifying in Congress and Senator Mike Lee went after him hard about the alleged changes in the processes to keep Americans safe from illegal spying stuff I guess. And the trouble is that the FBI can't, I guess they can't be too specific about what they changed. It's sort of a trust us, we changed everything and now it's good. So Mike Lee just went off on them and it's really good because sometimes you say to yourself oh these are just all the politicians are just trying to do their moment so it becomes a viral thing so it looks like they're doing their job. Honestly Mike Lee looked like a human being who was really mad. It didn't to me it didn't come off as grandstanding. He just came off as a pissed off human being which is why I recommend it. You know I wouldn't recommend somebody gives their little speech in Congress because they're just trying to be a star but he didn't look like that. I mean that's just the way, I'm not reading his mind, I'm just saying that that was the impression I got. He looks sincere like a human who's being abused just like the rest of us and he was talking just like you would if you could have talked freely. It's like Jesus you don't even let us see it. We have no reason to believe you're different. I mean he just went off on them. It was interesting to see.

All right. Well Bill Ackman, famous investor Bill Ackman has been going super hard on the presidents of the colleges that have allowed the antisemitic stuff to happen. And so here's a post from him today. He says does calling for the genocide of Jews violate your university's code of conduct or rules regarding bullying or harassment?

Now he's talking about the fact that three presidents of three colleges, Harvard, University of Penn and MIT, were hauled in by Congress to explain why they weren't either all quitting or being fired or removed by the boards for allowing what most observers are saying looks antisemitic. Which is they're allowing the anti-Jewish voices to intimidate the Jewish students in a bullying, clearly threatening way they should not exist in any campus today.

So Bill Ackman's going after them and I guess the three presidents, all three female presidents of those colleges, said it depends on the context. Oh my God it depends on the context.

Now here's my take. It does depend on the context. So technically of course everything depends on context. But what doesn't? Is there something that doesn't depend on context? Of course it does, right? You know let's say the context was somebody was giving a speech about what you should never do in public. Well that context would matter because it would mean that what they said was the opposite of what they thought was true. So yeah context matters. But in the real world is there ever going to be a context where this matters? I mean really is there ever going to be a context that makes this okay ever? And would this ever be okay in any context if any other ethnic group were involved? No of course not. Well maybe white people in general or white men but any other group no it would be inappropriate.

So there's continued calls for those three college presidents to be fired by their boards. Will it happen? I doubt it. I don't think any of them will be fired. Do you? Nope. No way.

All right. There was a study that I think it was the End Wokeness account on X, it's a great account to follow, finds a lot of good stuff. So there was a national election studies in 2021. National Election Studies was the name of the study. And in 2021 they looked at racial groups and how they rated each other and how they rated themselves. So they asked separately they asked the Black, Asian American, Hispanic Americans and white people in America how do you rate your own group? Yeah how awesome do you think you are? And then how do you rate the other three groups?

Well the findings of this study, yeah assuming the study's right we don't know but the studies seem to indicate that white people on average of course we're not talking about every person it's always these are just averages, that they tended to rate themselves, other white people, as well as Hispanic, Black and Asian Americans. That's about the same. So white people said white people, ah we're average. How's everybody else? About the same. So nobody was special, nobody was disavowed, nobody was put on a pedestal. Just everybody's about the same. So basically white people have been buying into the melting pot, you know everybody's the same we're all equal kind of narrative.

How the other groups do? Not so good. Turns out that the other groups think that they're pretty awesome but white people suck. So bet you didn't see that coming or did you?

Now I gave some advice here. If you believe that this study is accurate and you believe that white people generally are not biased against other people on average but that other groups might have a very low opinion of you if you're white, don't do anything about it. That's my advice. Don't mention it in public. Don't bring up that there's a study that suggests maybe there's a way to act that would keep you safer if you were white because you will be very cancelled if you point that out.

So what you should do, the only ethical thing as I've been told, I didn't know this at first but I've learned this, the only moral and ethical thing to do if you're a white person is to continue associating with people who have a low opinion of you because to do otherwise would be racist. So that's your advice.

Okay. Vivek posted today truth number one. January 6 now looks more and more like entrapment. Well that's pretty direct. So a major candidate for president who is not Trump is saying directly that January 6 looks more like entrapment.

Why? Well there are now more videos coming out that show multiple instances of police calmly removing barriers to let the crowd into the Capitol grounds. Calmly and repeatedly removing barriers that were working. This is the key point. The barriers were