Back to episode — Episode 2629 CWSA 10/15/24
Context —
s key energy pathways, blah blah blah. So it's got several ways it can work I guess. And this fenbendazole and mebendazole, they're both anti-parasitic drugs. Oh I should have said anti-parasitic. So these are three anti-parasitic drugs: ivermectin and then these other two. And they've been found to halt cancer cell growth, interfere with glucose metabolism, trigger apoptosis in some preclinical t…
← Previous segment →uldn't be able to raise money and we wouldn't be able to get anything done in the government so basically it just couldn't happen. But what if you're Google? If you're Google you tell the government what to do. If you're Google you don't need money because you have it. If you're Google you just change the whole world, change your search results, make everybody suddenly like nuclear. If you went to Google and you checked their search results about the downside of nuclear energy do you think it says as many negative things about nuclear energy risks as it used to? I don't know but I'd be real surprised.
So keep in mind Google is who tells people what to think. Literally Google results tell people what to think. And we've seen it. It can change your election results etc. If Google is building its own or buying its own nuclear energy plant, what will Google who tells people what to think tell them what to think about nuclear power? Best thing ever. Not only best thing ever but required for survival. You're going to need it for AI and if you don't have AI your country is going to be defeated by the countries that do. So it's not only a good idea it's essential. Golden age.
If Google is all in, America's all in. There is no such thing as America disagreeing with Google because Google tells America what to think. That's just the way it works. Now the media if it wanted to disagree could put up a good fight. So if the media wanted to disagree with Google and say no we think this nuclear power is a bad idea, well they'd be going up against Google. Do you think they want to do that? Nope. How about do they want to go up against Microsoft who is also looking for its own nuclear energy plant? Nope. Do they want to go up against Oracle? Well Oracle is a little different but they don't. So our most important companies have just told the rest of America nuclear energy is not just good it's essential. It's coming fast and we can't get enough of it.
Do you remember in 2015, 2016, really all through the first years of the Trump administration almost every day I came on social media and said everybody who thinks these nuclear energy things are a bad idea you're thinking of the old technology. You don't know that the new technologies are safe. They figured out how to store the waste and even reuse it in some cases. Everything solved. We need nuclear. You better go fast. Here it is. Golden age.
Yeah it wouldn't be the golden age unless you saw all the big American companies go down hard in favor of nuclear energy. It's how hard they're going at it that's the thing. It's not that they oh we're mildly interested in it. No they're committed. They're all in. The biggest companies, the most powerful. Guaranteed it's coming.
Now I'm going to give you another prediction that goes like this. You can predict the outcome of any nation in the world based on their nuclear program. That's it. If you look at the United States we started late. I wish we'd started earlier but we're really good fast followers so I don't think it's going to hurt us too much that we didn't do something 10 years ago because that would have been 10 years ago's technology. If we're starting to go hard today with many nuclear plants and Gen 4 in some cases and the best technology that we have and getting rid of some maybe some regulations as appropriate, lots of experimenting with nuclear fuels that are better etc. And to its credit the Energy Department in America, let me say this unambiguously, so over two administrations the Department of Energy in the United States has been quite pro-nuclear power and has done very, as far as I can tell, really important work in making it possible to test newer nuclear processes. So if you think it's just like another bureaucracy the Department of Energy they might be superstars. They seem to have quietly done as far as I can tell a whole bunch of correct things in the last several years across two administrations. And that counts. That counts because it means it's administration robust. It's not going to be destroyed by getting the wrong president in. It's still going to look good no matter who's in. So good job on Department of Energy at least pushing nuclear stuff.
But if you look at Great Britain they're about ready to phase out the last of their nuclear energy. It doesn't look like they're going to go hard to get new ones. And any country in Europe that you see phasing out their nuclear power I would say you're seeing the end of them as an important country. I think Britain doesn't have a chance of really surviving into the modern era without nuclear power. So if that's the way they're going you're seeing the end of an empire. If that's what they want that's what they want.
Anyway, did you know that the appeals court, unless they've already ruled I don't think they have, they were looking into the case of the half a billion dollars or whatever it was that Trump was supposed to pay because he allegedly defrauded banks by allegedly overvaluing the price of his or the value of his assets. Now what did I tell you on day one of that story? On day one of that story I said whoa whoa whoa the people in the media are idiots and they don't know anything about business and everything you're seeing about this story is based on idiots not knowing anything about business. Because if you're not an idiot and you know about business you knew that there was nothing wrong with that story. In other words you knew that there was no reason that there should have been a legal process against Trump. Did he overvalue his assets? Doesn't matter. That's what I told you. Because I was a banker. If you're a banker, and literally I was a lending officer, I was approving loans for lenders. I was actually not the lending officer. I was in the back office that approved the loans made by the lending officer. So I was sort of, I don't want to say superior to them but I had to make sure it was okay. So I had to know what a loan is and how it works and whether they can repay. I had to know as much or more than the lenders to do my job.
And here's what I know. The bank doesn't take your word for anything. That's what I knew. In the normal course of things your lender tells you a bunch of lies and then you say can you back that up and if they can't you go okay well that was a lie. And when they can you rely on the document not what they said. There is no scenario in which a bank ever ever relies on what a lender says or what a borrower says. Ever. It's never happened. Never should happen. Never can happen. Never will happen. And yet they're pretending that the Trump situation was the one time they relied on the statements of the borrower. No. They have a whole process in which they go out and they check the value of things on their own because they have to because that's their job. And so the banks were happy with the loans because they checked it out. Trump has always paid back his loans so he's good to do business with. They made money. He made money. Nobody even once concerned themselves with the fact that there was a big difference between what the banks thought was the value and what Trump said was the value. It had no impact in the real world and the systems in the real world, the banking loaning systems, guaranteed that it wouldn't be a problem. Gu
Context —
aranteed. And of course Trump would know that. He wouldn't be trying to get away with something because he would know it the same as the banks. Everybody in business knows that. Nobody relies on your impression of your asset's value. Everybody knows that. So now the appellate court is sitting there just excoriating the attorneys who brought this case and won. They actually won in the most absurd…
Next segment → →