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China LASHES OUT at Tesla & Biden on Covid Lab Leak - FBI Confirmation

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FULL TRANSCRIPT

0:00

gotta talk about China being super

0:02

pissed off at Elon Musk allowing talk

0:06

about the Wuhan lab leak Theory to

0:09

circulate on Twitter now he's getting

0:11

slapped on the wrist by potentially

0:13

threatening Giga Shanghai we'll see

0:17

we'll see but there's lots to talk about

0:19

because now it's no longer just the

0:22

energy Department talking about the

0:24

Wuhan lab leak Theory being a potential

0:27

or even likely explanation even though

0:29

with low confidence that that is where

0:31

covid came from but folks now the FBI is

0:35

coming out saying the same now you might

0:37

be thinking like what does the energy

0:38

Department have to do when the FBI have

0:40

to do with an infectious disease well

0:42

surprisingly they actually have a

0:44

substantial set of scientists Within

0:47

These departments that are dedicated to

0:49

the impact of infectious diseases on not

0:52

only their departments but the United

0:54

States has risks to energy

0:57

infrastructure energy needs energy

0:59

stability whatever it may be Hospital

1:01

stability FBI whatever

1:04

so however we want to explain it it's

1:07

worth noting that now the FBI has come

1:10

out said the following which just hurts

1:12

potentially Elon Musk I'll talk more

1:14

about that in just a moment what's going

1:16

on with China and the idea of

1:17

potentially divesting away from China

1:19

but what do we have here the FBI is now

1:21

coming out saying the FBI for some time

1:23

has assessed the origins of the pandemic

1:25

as quote most likely a potential lab

1:30

leak incident in Wuhan holy smokes this

1:34

is actually quite interesting this is

1:36

despite the fact and we've known this

1:38

okay the FBI is like two years late on

1:40

this maybe it's because the FBI knew

1:42

they just didn't want to say anything

1:44

because if they said something well a a

1:46

certain group of politicians would be

1:47

really pissed off and B what would end

1:50

up happening well you'd probably get

1:51

banned from Twitter because you used to

1:53

get banned from Twitter if you talked

1:54

about the potential that covet

1:56

originated from a lab now you got the

1:59

energy Department saying so via the Wall

2:01

Street Journal expose we just had on

2:02

Sunday you've got the FBI now

2:05

reiterating that yeah this was most

2:07

likely a lab leak but listen to this you

2:10

still have four other agencies along

2:12

with the National Intelligence panel

2:13

still judging that the pandemic was

2:15

likely the result of natural

2:16

transmission and the White House

2:19

National Security spokesman John Kirby

2:21

said on Monday that the US government

2:22

has not received or reached a definitive

2:25

conclusion now I write I write over here

2:27

Trump now the reason I write over here

2:29

Trump is is not because I'm like you

2:31

know a Mr mag over here absolutely not

2:33

but let's be clear

2:35

it would be very unpopular right now for

2:38

the existing Democratic Administration

2:40

to say oh yeah the lab leak is

2:43

potentially true because what did Donald

2:46

Trump say from day one

2:48

the Chinese virus the Chinese are

2:51

responsible for this this came from a

2:53

lab now at the time most people thought

2:56

Trump was just being Trump and that

2:58

maybe he's right but he's probably just

3:01

being Trump well now it's starting to

3:03

look a little bit more like when Trump

3:05

was just being Trump he was actually

3:06

right

3:07

uh and and I know that saying Trump was

3:10

right pisses off basically anybody who's

3:12

on the left that's not the intention of

3:14

this okay this is not to like bow down

3:16

to Trump this is just to say of course

3:19

it would be politically unpopular for

3:21

the White House to admit this in fact it

3:24

could potentially borderline be bad for

3:26

somebody like Mr fauci we'll talk about

3:28

that as well just a moment we're going

3:29

to talk about China and Tesla

3:30

specifically but anyway China denounced

3:33

uh these comments on Wednesday saying

3:35

basically this is a form of a political

3:37

manipulation of facts it's worth noting

3:39

that Tesla's Elon Musk is now getting

3:42

some backlash uh because Chinese State

3:44

media which a lot of media in China is

3:47

basically state-run almost all of it is

3:48

Chinese State media calls out Elon Musk

3:51

over coronavirus tweet Chinese State

3:53

media called out Elon Musk this week for

3:54

responding to a post about the origin of

3:56

the coronavirus potentially signaling

3:58

that the strained relations between

3:59

Tesla CEO and the country where many of

4:01

the cars are manufactured uh could be at

4:04

at risk that relationship can be at risk

4:06

40 percent of Tesla laws are

4:08

manufactured in China right now so maybe

4:11

today an investor day we'll find out a

4:13

little bit more about how they want to

4:14

get away from China but apparently musk

4:16

is quote advancing the conspiracy theory

4:19

about the coronavirus well apparently

4:20

now the energy department and the FBI

4:22

think that Conspiracy Theory actually

4:23

holds Merit but anyway the U.S

4:25

right-wing and anti-china media uh or

4:28

sorry that China is saying the U.S right

4:30

wing and anti-chinese media is hostile

4:33

to China uh and basically uh China's

4:36

pissed and that they think people are

4:39

trying to frame China but let's be real

4:40

that's potentially likely now or almost

4:43

certain what's actually happening uh and

4:45

uh Elon Musk apparently was responding

4:47

to a tweet on Twitter about a conspiracy

4:49

that Anthony fauci created uh the

4:52

coronavirus and that fauci should be

4:54

prosecuted uh so so I want to talk about

4:57

that just briefly and then I want to

4:58

talk China because we got to talk China

5:00

importantly because there's you know

5:02

China obviously has an impact on a lot

5:04

of companies that we invest in here so

5:05

here's a tweet that says Dr Anthony

5:08

fauci funded gain of function research

5:10

at the Wuhan lab lied to Congress about

5:12

it and now both the FBI and Department

5:14

of energy have concluded that

5:15

coronavirus originated at that Wuhan lab

5:17

it's a level 4 biosafety lab that level

5:20

4 biosafety lab is actually one of the

5:22

first that China has as a level 4 safety

5:24

a biosafety lab and apparently their

5:26

biosafety protocols just weren't good

5:28

enough and uh yeah well anyway kovid got

5:30

out but anyway uh Elon Musk replied to

5:33

this and says he did it via a

5:34

pass-through organization known as Eco

5:36

Health now it's worth understanding this

5:38

a little bit first of all technically

5:41

today technically okay let's let's just

5:43

consider facts here for a moment

5:44

technically today gain of function

5:46

research is technically not illegal now

5:51

it is very unpopular right now to say

5:54

gain of function research which is

5:56

basically where you manipulate a virus

5:57

to do something it couldn't otherwise do

5:59

so if that coronavirus originally

6:02

originated in bats and was able to

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transmit through bats if you now screw

6:06

with Ed and doink with it or direct its

6:08

evolution

6:09

now it could potentially spread to

6:11

humans well that is that type of

6:13

research that going is going on and it's

6:15

not illegal now technically people like

6:17

Anthony fauci and Pfizer say no we don't

6:20

conduct gain of function research but to

6:23

me that's just like saying at Twitter oh

6:26

we don't Shadow ban people okay well

6:29

what did Twitter do Twitter actually

6:32

visibility filters people okay it's just

6:36

a pseudonym phrase what actually is

6:40

happening uh is you're seeing directed

6:43

Evolution happen directed evolution is

6:47

very similar to gain of function

6:48

research is probably exactly the same

6:50

thing it's just unpopular to use the

6:52

phrase gain a function

6:54

and it is a fact that money went from

6:57

the United States

6:59

to that Wuhan lab in China

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and if directed Evolution was being

7:04

conducted there then yeah technically

7:06

the United States funded directed

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Evolution research which is basically

7:10

the same thing of gain function research

7:11

now you could say publicly but you're

7:14

basically just hiding the truth no no we

7:16

don't do gain of function research just

7:17

like you could say publicly we don't

7:19

Shadow ban people we

7:21

visibility filter people we do directed

7:24

Evolution so technically maybe fauci

7:28

could argue no he didn't really lie

7:30

because the definition is different but

7:32

it just doesn't look good right and so

7:33

anyway this is kind of where uh Elon

7:35

Musk has come out and sort of bagged on

7:37

fauci now a lot of people say look hey

7:39

you know fauci should be in jail but

7:40

then you have to ask yourself is if if

7:42

gain a functional research and directed

7:44

evolution is not a crime

7:46

does he belong in jail well of course

7:48

then the counter argument is but

7:49

millions of people died from govid and

7:52

if they contributed to the formation of

7:54

of coven and millions of people died is

7:56

that not murder well you know this is

7:58

where we have to look at go and say okay

8:00

well maybe we need laws that actually

8:03

address if gain a function research AKA

8:06

directed Evolution should be allowed and

8:08

then we have to evaluate do does

8:10

directed Evolution ever actually help us

8:13

in medicine or does it only hurt us so

8:16

like this is all still TBD stuff it's

8:18

really easy to just pretend to be on one

8:20

side and go Pharaoh traders to be in

8:22

jail and then on the other side you got

8:23

people going no he's a hero

8:26

let's look at what's actually happening

8:27

okay what's actually happening is the

8:30

research that led to covid is basically

8:32

happening on a daily basis on a daily

8:34

basis is happening and so we have as a

8:37

society have to realize that we're being

8:38

duped with what it's being called it is

8:42

actually happening and we have to decide

8:44

are we okay with that happening

8:46

all right I don't know I don't know we

8:49

probably don't have all those answers

8:50

yet but anyway this is where we kind of

8:52

go into China and and and potentially if

8:55

if you know China is very unhappy with

8:57

with Elon Musk for example what could

8:59

that potentially mean for okay go

9:01

Shanghai right is it I mean so far

9:04

already Shanghai has potentially had its

9:07

expansion limited so I'm interested in

9:09

investor day today what are we going to

9:10

see in terms of uh uh expansion plans

9:14

for China so far the China a gigafactory

9:17

had massive expansion plans that have

9:18

been put on halt because of China and

9:21

this just adds more tension to what is

9:23

already a lot of tension in China it's

9:25

not good for Tesla you know all this

9:28

this drama and this sort of political

9:30

commentary uh by Elon Musk and not only

9:32

that commentary but obviously now he

9:33

runs Twitter is bad for Tesla but I

9:36

think it's obvious by now I mean you

9:37

have to be a numbnut to suggest that

9:39

Elon Musk buying Twitter didn't hurt

9:41

Tesla it obviously hurt Tesla it

9:43

obviously did not only just in the share

9:45

price declines because of the amount of

9:47

liquidation uh Elon Musk had to perform

9:49

but also reputationally because you

9:51

pissed off a lot of lefties uh and you

9:54

know righties have also been pissed off

9:55

and I'm not saying I'm one or the other

9:57

just saying uh you know China is going

9:59

to be interesting now remember it's also

10:01

worth noting that people are trying to

10:03

dip out of China like people are trying

10:05

to leave China richer people are trying

10:08

to leave China and you've got

10:09

manufacturing that's trying to get away

10:10

from China because China does this crap

10:12

they try to intimidate you to

10:16

basically manipulate messaging

10:18

and to manipulate messaging they will

10:21

limit your expansion plans with

10:22

productive capacity in their country

10:24

that's what they do

10:26

Apple they just say which article is

10:27

this this is a Bloomberg article

10:29

airpods maker Gore Tech is one of the

10:33

manufacturer many manufacturers

10:34

exploring locations Beyond China

10:36

obviously as well with apple which today

10:39

cranks out the bulk of the world's

10:40

gadgets from iPhone to PlayStations

10:42

right apple is looking to build Supply

10:45

in areas like India and Vietnam in fact

10:48

Apple uh and companies associated with

10:50

apple are investing hundreds of millions

10:52

of dollars to build new factories in

10:54

India Vietnam and other places you're

10:56

seeing a massive divestiture from China

10:58

because China continues to operate like

11:00

this now Zig and Pink's speech at the

11:03

Chinese Communist party uh people's

11:04

Congress was that oh well we want we

11:07

like capitalism and even though we still

11:08

like socialism we really like capitalism

11:10

so I really I really hope that and I

11:13

have this hopium that Tesla can get

11:15

through this sort of like verbal drama

11:17

with China

11:19

because I think China's realizing crap a

11:22

lot of Manufacturers are leaving because

11:23

we're being too manipulative so I think

11:26

China can talk a big talk like North

11:28

Korea waving the saber but I think

11:30

they're realizing manufacturers are

11:31

leaving behind the scenes nine out of

11:34

ten of Apple's most important suppliers

11:36

may be preparing large-scale moves to

11:38

countries like India that means out of

11:41

China Bloomberg estimates it could take

11:43

eight years to move just 10 percent of

11:46

Apple's capacity outside of China so

11:48

China's still has time China's got time

11:51

but uh you know you're you're seeing

11:54

this transition away from China it's not

11:56

just manufacturers though that are

11:57

trying to transition away from China you

11:59

have to consider the the rich people

12:01

that are leaving China as well and this

12:03

is also quite interesting I mean look at

12:05

this particular article here

12:07

the Chinese Ultra Rich feel like they

12:10

are being penalized by government

12:11

policies remember what happened with

12:14

Jack ma Jack ma disappeared for three

12:16

months some people think he got sent to

12:18

Chinese re-education Camp because he was

12:20

[ __ ] on China basically sorry I

12:22

shouldn't say that bad word anyway

12:23

relocation experts say crazy spending

12:26

habits of Chinese wealthiest citizens

12:28

are sending Asian City State real estate

12:31

markets berserk and this is sort of the

12:33

the sub line over here talking about Sky

12:35

High rents in certain markets and that

12:37

but really what you're finding is a lot

12:39

of the rich are disappearing to other

12:42

markets whether that's Singapore or uh

12:45

you know a Chinese autonomous District

12:47

like in Macau uh you are seeing though

12:50

these sort of draconian regulations on

12:52

the Chinese rich and companies in China

12:55

driving people out of China here's

12:58

another piece take a look at this here's

13:00

a Wall Street Journal piece as China

13:02

reopens flight of wealthy Chinese to

13:04

Singapore Singapore set to accelerate

13:07

and so when we go through the piece what

13:08

do we see here

13:10

Andrew amalus whatever and oils whatever

13:13

head of research at new world wealth

13:15

says he expects departures from China in

13:17

2023 to pick up alongside a broader

13:19

Revival in Rich individuals moving

13:21

across around the world the company

13:23

expects 125k people with net worths of

13:25

more than million dollars to uh to move

13:28

this year exceeding the record in 2019

13:31

of 110k Chinese Nationals usually

13:34

account for eight to ten percent of that

13:35

total New Wealth tracks the behavior of

13:37

150k individuals in a database to derive

13:40

its estimates of migration basically

13:42

people moving out of China because of

13:43

the uh the restricted policies that you

13:45

have in China but at the same time it's

13:48

also worth noting the United States is

13:50

trying to slap a slap a China over the

13:53

head as well U.S China uh attentions

13:55

over Taiwan are expanding uh the united

13:58

states recognizes that China is seen as

14:00

a competitor not an ally you've got uh

14:03

potentially multiple bills in Congress

14:05

uh being uh potentially passed limit

14:08

China and China's expansion here look at

14:10

this house bill uh HR 554 would allow

14:15

the treasury secretary to Bar Chinese

14:16

individuals and their families from

14:18

receiving Financial Services uh from U.S

14:21

institutions H.R 510 pressure from the

14:25

international monetary fund uh regarding

14:28

uh manipulation of Chinese currency HR

14:31

803 excluding Chinese officials from

14:34

meetings of the G20 H.R 540 supporting

14:37

membership of Taiwan and the

14:39

international monetary fund H.R 839

14:42

pressuring the IMF to advocate for more

14:44

currency transparency in China on its

14:47

exchange rate holding China accountable

14:49

basically the chips act limiting China's

14:52

access to Advanced manufacturing chips

14:54

you've got a lot of pressure coming on

14:56

China so even though even though we know

15:00

at this point I think it's pretty safe

15:02

to say can't say with 100 certainty but

15:05

I think we could pretty much agree the

15:07

following gain a function research

15:09

happens even though when people tell you

15:11

it's not happening it's just because

15:12

they want you to use the word directed

15:14

Evolution it's nearly the same damn

15:17

thing

15:18

then not only that but we have to

15:21

realize that China is going to wave its

15:22

saber because they have egg on their

15:24

face they done effed up okay they effed

15:27

up the big the the primary doctor who

15:30

first announced uh in in I believe it

15:32

was November of 2019 that something bad

15:34

has happened and there's a really bad

15:37

new infectious disease going around who

15:38

ended up dying of covid by the way yeah

15:41

you know the guy was in his 40s and

15:42

people are like aha he died of covet who

15:46

pinched the IV uh anyway so uh you know

15:49

he was announcing that that This

15:50

Disaster is coming China is like oh yeah

15:52

we got a little problem from a flea

15:53

market or whatever a wet Market we we

15:55

don't think this is going to expand

15:56

anyway China's got egg on their face for

15:58

this and they're getting they're getting

16:00

a lot of backlash from the International

16:01

Community especially the capitalist

16:03

Community uh and China doesn't want to

16:06

see their manufacturing Fleet or their

16:07

rich people Fleet but that's exactly

16:09

what's happening so on one hand I think

16:11

China is probably going to make a press

16:13

of comments and kind of lash out at Elon

16:15

musk's Elon musk's Endeavors but on the

16:18

other hand I think they're really

16:20

handcuffed in terms of what they can

16:22

actually do because they don't want

16:26

things to worsen uh they they don't want

16:29

to be in a situation where all of a

16:30

sudden oh crap we are actually losing

16:34

more uh people more manufacturers uh and

16:37

now our economic growth is being more

16:39

constrained remember they had this whole

16:42

massive if we build it they will come

16:44

idea of building ghost cities and that

16:46

turned into a disaster some of these

16:48

ghost cities were so poorly built that

16:49

China is now demolishing a lot of uh a

16:52

lot of oh maybe not a lot but a chunk of

16:54

these ghost cities because these

16:55

buildings were built so poorly it's

16:57

cheaper to just demolish them and

16:58

rebuild them and actually try to

17:00

retrofit them and fix them it's crazy

17:01

but uh China's got a lot of work to do

17:03

and I think they're really Limited in

17:05

terms of how aggressive they can be

17:06

because they're not in a position to be

17:08

aggressive they're in a position to talk

17:10

loudly but then behind the scenes Let

17:13

Tesla keep expanding and then in the

17:16

meantime we as a society we need to

17:17

figure out

17:18

how do we feel about directed Evolution

17:20

anyway let me know in the comments

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