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Real Coffee with Scott Adams

Episode 2800 CWSA 04/05/25

Sat, 05 Apr 2025

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God's Debris: The Complete Works, Amazon https://tinyurl.com/GodsDebrisCompleteWorksFind my "extra" content on Locals: https://ScottAdams.Locals.comContent:Politics, Democrat Peoples Cabinet Play, Harvard Endowments, Non-Essential DOE Staff, HUD Halts Sanctuary Funding, TikTok Sale, GLP-1 Country Specific Formulation, Jerome Powell, Fed Interest Rate, US Debt Refinancing, Tariff Negotiations, Kamala Harris, Colorado Pronouns Bill, Pro-Tariffs Persuasion, Jobs Report, Trade Deficits, Smoot-Hawley Tariff Act, China's Negotiation Strength, Military Drone Importance, Trump's Tax Plan, Fiscal Framework, Ashley Allison, Scott Bessent, Zelensky Mineral Deal, Funding Illegal DEI, DEI Word-Play, China US Farmland Ownership, EU Censorship X Penalty, President Trump, Autonomous F-16 Jets, Inexpensive Drone Killing Lasers, Scott Adams~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If you would like to enjoy this same content plus bonus content from Scott Adams, including micro-lessons on lots of useful topics to build your talent stack, please see scottadams.locals.com for full access to that secret treasure.

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Chapter 1: What is the highlight of human civilization discussed in this episode?

5.849 - 21.944 Scott Adams

Good morning, everybody, and welcome to the highlight of human civilization. It's called Coffee with Scott Adams, and I'll bet you never had a better time. But if you'd like to take a chance on taking this up to a level that nobody's ever seen with their tiny, shiny human brains...

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22.802 - 51.95 Scott Adams

All you need for that is a cup or mug or a glass of tanker gels, a steiner canteen jug or flask, a vessel of any kind. Fill it with your favorite liquid. I like coffee. And join me now for the unparalleled pleasure of the dopamine. At the end of the day, the thing that makes everything better, it's called, that's right, the simultaneous sip. Go. Well, we're all bonded now through the sip.

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53.931 - 86.57 Scott Adams

I should tell you that after the show, there will be a Spaces. That's the audio only feature on the X platform. Hosted by Owen Gregorian. For those who want to do the coffee with Scott Adams after party. It'll be more stuff, more fun. So just look for Owen Gregorian on X or just look for my account on X and you'll find that I reposted it. So you'll find the link. All right.

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86.67 - 109.976 Scott Adams

Well, let's start with weird news. According to the Daily Mail, declassified CIA documents show that Hitler was may have escaped Germany after World War II and was living in South America. And the CIA apparently was looking for him 10 years after he supposedly died.

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Chapter 2: What are the implications of the CIA documents about Hitler?

109.996 - 140.438 Scott Adams

So according to multiple reports from the CIA archive, agents in South America were convinced the dictator was still alive in the 50s. And he changed his name to remain undercover. Do you know what this makes me think? It makes me think, I don't know what's true about anything in history. I don't think any history is real. I feel like all history is fake.

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141.279 - 165.613 Scott Adams

So there was a time when I would have laughed at this and said, because that's me laughing. That's my laugh. And I'd say, I don't think so. Next thing you're going to tell me is that the moon landing was, okay, let's not go there. I'm going to say I don't know if this is true, but I also don't know if anything else in history is true.

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Chapter 3: What is the Democrats' 'People's Cabinet'?

167.154 - 199.13 Scott Adams

Well, speaking of Nazis, let's check in with the Democrats, see how they're doing. According to the Gateway Pundit, the DNC chair, Ken Martin, He's decided to put together a little group called the People's Cabinet. And people like Robert Reich are on there. So it's supposedly a group of experts and ordinary people, he calls them, experts, leaders, and everyday Americans.

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199.77 - 227.188 Scott Adams

And what they will be doing is fact-checking Trump. But they will be doing it in the most theatrical way. So, in effect, the Democrats, having absolutely nothing to offer to the country, have decided to put on a play, a theatrical production, called The People's Cabinet. And apparently it requires a little person, so... Robert Reich will be taking that role.

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227.648 - 253.697 Scott Adams

He'll be playing a far-left economist who says wacky things. I'm looking forward to it. I'm looking forward to the play. Now, some say it could be as good as Snow White the movie. So if that doesn't get you there, I don't know what will. I'm going to buy my ticket right away. Because as you know, the Democrats don't have any policies or ideas or power.

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254.478 - 280.569 Scott Adams

So they're kind of left with doing one-man theatrical productions like Cory Booker recently did. But now at least it's an ensemble. Is that the right word? Ensemble? The People's Cabinet. Can't wait. It'll be like Hamilton, but with fewer minorities, I think.

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284.59 - 316.547 Scott Adams

So Trump sent a list of demands to Harvard University, according to the New York Post, and they're going to lose $9 billion in government funding. Let's stop right there. Harvard was getting $9 billion in government funding? Now, one of the things that many of you have heard but don't understand is that the so-called endowments that colleges have, they can't really use it for whatever they want.

317.427 - 339.387 Scott Adams

So if you say to yourself, but Harvard has endowments worth X billions of dollars, why don't they spend that instead of charging people for tuition? And the answer is the endowments usually are limited. As in, here's some money to build the science building and put my name on it. But they can't just use it for whatever they want.

340.048 - 364.552 Scott Adams

Or here's an endowment to give scholarships to a certain class of people. They can't just take it and use it for other stuff. So if you want to be the smartest person in the room, when somebody else says, They've got these rich endowments, you should say. They do, but they're all restricted. They can't just use them as a piggy bank. Anyway, $9 billion.

364.672 - 386.329 Scott Adams

And again, I don't know over what time period that is. That can't possibly be one year, but maybe anything's possible. But the reason that they might lose that $9 billion is that Trump is insisting that they get rid of their DEI programs and clamp down on all the anti-Semitic protests and stuff.

387.509 - 417.5 Scott Adams

And he also wants them to ban face masks on campus because that's one of the reasons that the protests can get out of control because people can cover their faces. So we'll see if Harvard blinks. I'm going to say I think they will. According to Newsmax, Sam Barron is reporting that the Department of Energy has decided that 44% of their staff is what they call non-essential.

Chapter 4: How is Trump's tax plan affecting Harvard's funding?

861.669 - 888.744 Scott Adams

But between the tariffs and maybe some other stuff, interest rates have drifted down. And this would be a terrific time to give everybody a little raise if they're paying anything on interest. So, well, at least anything that's gonna be adjustable. But more importantly, apparently the government has to refinance something like $9 trillion pretty soon.

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890.669 - 914.68 Scott Adams

And the difference between refinancing it at 5% and 4% is really, really big. So the theory that I mentioned yesterday, that the big play with tariffs might have been to tank the stock market temporarily, because then people move their money into bonds. And if they have their money in bonds,

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915.603 - 943.989 Scott Adams

supply and demand causes the interest rate to go down, and then you refinance your trillions and trillions, and then slowly you can let the stock market come back to the level you want. Now, if that's what the Trump administration had in mind the entire time, and honestly, it's starting to look that way. It's starting to look like that was always part of the plan, not the only plan,

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944.508 - 973.979 Scott Adams

I think he genuinely, Trump, I think he genuinely likes tariffs and negotiating and all that. But it could be that one of the biggest gains is this interest rate thing. And you cannot, it's almost hard to put a value on it because it might be almost impossible to negotiate our own debt. We could be in quite a bit of trouble unless we get this lower interest rate. And now the table is set for it.

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974.622 - 997.679 Scott Adams

But I don't know that Jerome Powell is going to want to look like he was influenced by the president. So I don't know that Trump is playing this right. because he's putting Powell in a position where he's supposed to be the independent guy. But if Trump is publicly saying you should do this and then he does it, it's going to look like he got influenced.

998.599 - 1017.398 Scott Adams

So I'm not sure the persuasion play here is quite right. It looks like Trump might be doing anti-persuasion. On the other hand, Powell is going to have a lot of explaining to do if he doesn't do it, because everybody's going to be hurt by it. And it's going to be a lot of pain for the country.

1018.059 - 1043.35 Scott Adams

So you'd have to ask yourself, is Jerome Powell on the side of the United States or his own side or somebody else's side if he doesn't lower interest rates? So we'll see. That'll be interesting. Well, so far, the number of countries who have decided that they're going to immediately negotiate their tariffs with Trump, it's a small number.

1044.141 - 1076.156 Scott Adams

but it's so far Vietnam, Cambodia, Argentina, Israel's already gone, but it's a start. So Macron in France is saying, don't do investments in the United States. China matched our tariffs with their own, so they're looking tough. So we're going to need to get at least one larger country to negotiate. So it makes me wonder who's going to go first, if anybody.

Chapter 5: What is the significance of the Department of Energy's non-essential staff?

1076.956 - 1108.017 Scott Adams

So you can get all the little countries to capitulate. but that's not going to get you what you want. You're going to need to get at least one big one to say, well, I'm glad I went first. Billy John, we've got a troll here from YouTube. Billy John, let me explain to you how time works. Yeah, you seem to be confused. You might be an alien from another country. The golden age...

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1110.114 - 1139.365 Scott Adams

is something that you build toward. And as I'll explain to you during the show, the temporary pullback in the stock market is not anything you should worry about. And we probably are now poised for the greatest American period of all time. It doesn't mean it's guaranteed, but I do think Trump has largely done all the right stuff. And he's got really smart people behind him.

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1139.645 - 1165.327 Scott Adams

Scott Besant impresses me every time I see him on camera. I think he's just the best. Have you listened to him at all? He's so good explaining things in simple terms while also sounding like the smartest person in the room that when he's done, you say to yourself, oh, I feel a lot better now. Yeah, if you hear Trump say stuff, you think to yourself, I don't know, is he just in salesman mode?

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1166.108 - 1193.402 Scott Adams

You know, is that all BS? But when you see Scott Besant explaining something, he gives you all of his work. You know, like he removes all questions. So we'll talk about him a little bit more. So, yes, I think the golden age is looking actually pretty strong. But Trump and everybody smart warned that there would be a period of turmoil, which is the period to win.

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1194.323 - 1222.201 Scott Adams

Now, there's almost nothing I can think of. that doesn't require some sacrifice to get there. If you wanted to get in shape at the gym, it's going to be harder when you start. If you wanted to go on a diet, it's going to be kind of painful. If you wanted to improve your job, you're probably going to have to, I don't know, go to training or school at night or, you know, double your efforts.

1223.095 - 1255.716 Scott Adams

So this is no different. If the country wants to survive the death spiral it was in, you know, the death spiral, it's got to do doge, even if it's messy. It's really got to do the tariffs, even if it's messy. So the big picture is really good. If you're playing small ball, like the troll on YouTube, and you don't understand how anything works. It just looks like, oh, my stock went down.

Chapter 6: What changes are happening with HUD funding in sanctuary cities?

1256.036 - 1289.094 Scott Adams

My stock went down. But we can get you to a smarter place. All right. There's a video of Kamala Harris acting drunk. She finally appeared. I guess she thought it was a good time to go to say something in public. She was at some event. And since the stock market was down, she decided that what she would do is, it looks like she was drunk, go in public and say, I don't want to say anything.

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1291.081 - 1326.994 Scott Adams

I don't want to say... I don't want to say, I told you so. That's my Kamala Harris impression. Pretty good, wasn't it? Yeah. But I was watching The Five, and they showed that clip, and Piers Morgan was on the show that day, and he just... said, she looks drunk. And I think Jesse and Greg were sort of on the same page.

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1328.074 - 1361.331 Scott Adams

And I'm so confused why we can be in a mode where there are now a couple of books out where people are admitting that the insiders all knew that Biden was mentally disabled. And I'm thinking to myself, the insiders, Everybody who had a television or could hear or see knew that he was mentally disabled. And we could see the same thing, exactly the same thing with Harris.

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1361.832 - 1385.379 Scott Adams

She's clearly inebriated in public on a regular basis. And are we going to just do the same thing? Are we just going to wait a few years and then somebody will write a book when she seems like she's not a threat anymore? Somebody's going to write a book and say, oh, yeah. We all knew. Everybody knew. We tried to take the drink away from her, but she fought us.

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1386.339 - 1415.769 Scott Adams

Looks like that's what we're going to do. We're just going to repeat the same thing and act like we're surprised again. So that's coming. Speaking of books, so one of the two books that alleged to have the inside story of what was happening during the Biden-Kamala changeover. The book called Fight alleges that Harris and Walz were completely shocked that they lost the election.

1416.99 - 1450.056 Scott Adams

And they were actually asking their staff if they should do a recount. So I wonder if at any point they asked themselves, was this rigged? Because I'll bet they did, even if it was only privately. Don't you think they said to themselves, everybody said we were going to win. And apparently they've been shown, they've been looking at polls that were just the ridiculous rigged polls.

1451.457 - 1474.916 Scott Adams

Yes, I think some of the polls were rigged. So I guess their staff, they must have put them in this weird position where they thought, oh, we're definitely going to win. And then she had the surprise of her life. Anyway, so apparently, according to this book, she blamed Biden for staying in the race too long and said she could have won with more time. Okay.

1476.196 - 1504.528 Scott Adams

How much time do you think that would have taken? 40 years? In Colorado, it looks like there's a bill that's go on to the next level. So there's a proposal that if parents in Colorado refuse to use their children's preferred pronouns, they could lose custody of the children. That doesn't even seem real, does it? No, it's not real yet. It's a proposal.

1505.488 - 1544.746 Scott Adams

But they got the green light to create the bill, I guess. And misgendering is called coercive control. Could you imagine losing custody of your own child because you didn't go along with some pronoun stuff? That is so beyond anything that my brain can even handle. I just look at it and go, oh, how is this even possible? So with any luck, that will not become any kind of a law there, but we'll see.

Chapter 7: What are the potential consequences of TikTok's sale negotiations?

1546.311 - 1575.308 Scott Adams

All right. I thought I would give you a little very quick, easy set of arguments that are the best arguments about all the tariffs and the situation we're in. So I've heard some good arguments and some bad arguments, and I'm going to tell you the ones that look most persuasive to me and most correct. I think in this case, when you're talking about economics, being persuasive and being right,

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1576.528 - 1605.142 Scott Adams

Kind of the same thing. And that's not always true. But you don't want to mess around with economics, right? So you don't want to be real persuasive and wrong. Although in politics, sometimes that can work out for you. But not when it comes to your finances. You want your most persuasive argument to be also accurate. So let me give you some of the best arguments. I saw Victor Davis Hanson.

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1605.662 - 1630.728 Scott Adams

I always say his name wrong. I feel so bad about it. But I was hearing him saying that if tariffs are bad... and all the smart people know that tariffs are bad, and that's what we've been hearing, right? The critics, everybody knows tariffs are bad, tariffs are terrible, tariffs are bad for your country. Then the question would be, why does every country have tariffs on us?

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1632.29 - 1657.004 Scott Adams

Are we the only country that if we put a tariff on, it's bad for us? Is China going out of business? They've got tariffs. To imagine that tariffs are bad for a country while every single sophisticated modern country has tariffs, all of them, that's a pretty good argument in favor of tariffs, isn't it? What is the counter argument to that?

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1658.325 - 1684.062 Scott Adams

Once you've pointed out that every smart, successful country has tariffs, every one, I think there are no exceptions. How can you argue that we're the only country to be bad for? And is it destroying all those other countries? Doesn't look like it. China seems to be growing. So that's your best argument in favor of tariffs.

1684.522 - 1712.788 Scott Adams

Now, the other argument is, of course, that it's primarily for negotiation. And that if you look at, say, Vietnam, they've already offered free trade, zero tariffs. If you look at Argentina, they're also negotiating no tariffs. So if you look at it as a negotiation, it's a slam dunk smart thing to do that's already working because at least two countries have already said, yep, no tariffs.

1714.71 - 1737.388 Scott Adams

We need to get the big countries or it doesn't matter that much, but at least directionally it looks good. So those are your two arguments. Every country does it and it's a negotiation. So if you like no tariffs, this is how you get there. The only way to get to no tariffs is to put one on the people who you think you can negotiate to get rid of them on both sides.

1739.15 - 1765.647 Scott Adams

Then there's the stock market argument. I guess the stock market was down $6.6 trillion in market value. I always tell you, ignore any numbers that don't come with percentages. In this case, the percentage is the thing you should look for in the stock market, not the number. But here's the first part of the argument. It is completely normal

1766.947 - 1794.867 Scott Adams

and completely predictable that there will be 10 to 20% pullbacks in the stock market for any number of reasons. Sometimes it just gets ahead of itself. Sometimes there's some big impact in the country like COVID or something else. But there is no world in which you can go for 20 years without a 20% pullback. There's just always a pullback.

Chapter 8: How does the Fed's interest rate impact US debt refinancing?

2374.947 - 2401.334 Scott Adams

And the argument is that when the US put tariffs on other countries in 1930s, it was one of the triggers to create the Great Depression. Now, the problem with that argument is that it's an analogy. Even though you say to yourself, well, it's not an analogy. It's exactly the same thing. It's putting tariffs on things. But no, this is not 1930. There are too many differences.

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2402.155 - 2424.941 Scott Adams

The biggest difference is that I wasn't there in 1930, but these tariffs are for primarily negotiation purposes. Was that true for Smoot-Hawley? When Smoot-Hawley put their tariffs on, did five countries immediately contact the US and say, hey, how about we all drop all of our tariffs? Because that's what just happened with these tariffs.

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2426.782 - 2441.45 Scott Adams

So I don't think you can compare a country that was teetering on the edge and wasn't using it for negotiating with whatever's happening today. There'd be just too many differences. And then you might remember

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2443.407 - 2470.189 Scott Adams

as a cynical publius who's on Axe, a great account to follow, cynical publius, argues that back when Gore was arguing with Ross Perot about NAFTA, Gore argued that NAFTA was a good idea and Perot was saying there'd be this giant sucking sound that would suck the industry out and Perot was right.

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2472.805 - 2491.879 Scott Adams

So apparently, Perot's argument that we should have some trade barriers, which you would think typically would be bad, probably was right. So when you think about things that limit trade, you can't really just compare 1930s to today. There are just too many differences.

2496.232 - 2522.923 Scott Adams

So some are saying that, I saw the Wall Street Journal had an opinion piece, that China had a good week, meaning that things are looking good for China because they just have some kind of negotiating advantage. And they kind of do. They kind of do. So one of the things China has, as I mentioned, is the TikTok thing. Trump has a lot riding on the TikTok deal.

2523.857 - 2553.326 Scott Adams

because I think one of his biggest funders is an owner of it and needs some kind of an exit or some kind of a deal to not lose all of his billions. And Trump's put his reputation on it, and now China just yanked it back. So now they have something to negotiate with in addition to the tariffs themselves. So then there's also the China has those Panama Ports,

2554.505 - 2586.917 Scott Adams

that we don't want China to be controlling. But I don't know, does that work for China or against it? Because we could always just go in there and just take it. and I don't think China would start a war over it. So that's part of the negotiations. But I saw today a source that said that China's exports, only 15%, 1.5%, is to the United States. And then I said, uh-oh, uh-oh.

2588.018 - 2610.545 Scott Adams

That means that they're not dependent on selling things to the United States. It's only 15% of their exports. It seems to me they can ride this sound pretty well. So they probably played this exactly right by just matching our tariffs, which are unsustainable in either direction, probably.

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