Back to episode — Episode 697 Scott Adams The Hypnosis Coup Gains an Admiral, Kurds in the Way, Doral G 7 Summit
Context —
All right. One of my favorite stories of the week is that Trump has decided to select his own Doral golf course as the site for the G7. So just when we're talking about Hunter Biden and conflict of interests and all this, from a list of I don't know ten places, coincidentally out of all those ten places the very best place was Trump's own resort. I love this story. Here's why I love it. What the p…
← Previous segment →All right. There's news that China's GDP is slowing to a near 30-year low because of tariffs. So they're saying it's down to 6%. GDP. Now of course if the United States ever got up to 6% we think it was the best thing in the world. But all the smart people say China lies about its GDP. It's probably flat or negative. So can you win a trade war? Remember everybody said you can't win the trade war and the president said effectively sure I can. Watch this. They need us more than we need them. Watch this. Is he not right? Can we not say at this point that China's economy is suffering and ours apparently is not suffering at all? You know the farmers are suffering and you know I think maybe more could be done there to move some tariffs in their directions so that they can get some benefits. But it looks like the president called it right. They needed us more than we needed them.
Now I do not predict that we'll ever have a comprehensive trade deal with China because I don't think they want a fair deal and we wouldn't sign an unfair deal. So I just don't think it'll ever happen. I think their economy will continue to suffer forever and ours will probably just keep getting better.
Context —
All right. So we're hearing reports about Turkey's president Erdogan and how he reacted to Trump's let's say way too casual letter which was also a little bit threatening. So you all read the letter by now. His friendly letter to Turkish president in which he basically said hey let's be friends but if you don't want to be friends I will crash your economy. I did it before so don't be a fool. Play…
Next segment → →