🔴Financial Crisis Indicators Hiding in Plain Sight (w/ Peter Atwater)

Peter Atwater, president of Financial Insyghts LLC, sees the state of the modern world reflected in the rhetoric and actions that surround us. Whether it is China recalling loaned pandas from the San Diego Zoo, the troubled IPOs of Uber and Lyft, or the willingness of people all around the globe to elect previously unthinkable leaders, there are several recent signs that the ground is shifting beneath our feet. In this interview with Grant Williams, Atwater cuts through the noise to focus on the sentiment indicators that are informing his current world view. Filmed on May 22, 2019 in New York.
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Indicators Hiding in Plain Sight (w/ Peter Atwater)
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Transcript:
For the full transcript visit: rvtv.io/2Xe7Ok0
PETER ATWATER: I can remember writing- shortly after Trump was elected, he has to placate his base.
And he has to placate the markets. And their interests are mutually exclusive.
This is a time where small localized individuals have far greater power than those at the center.
My freshman class this spring- they do not see 2018 the same way investors see 2018. There is no question
in their mind that the peak is behind us.
GRANT WILLIAMS: Now, the peak in what for them?
PETER ATWATER: The peak in confidence, their confidence, the confidence of America at large. They
saw something 2014, 2015.
When somebody picks up the Wall Street Journal, the Financial Times, to step back and say, as you're
reading these headlines, why are they here? Why are these on the front page? And they were on the front
page always to confirm the bias of the reader. The front page is telling you this is the consensus view.
The nationalist Nissan leadership base said we are not going to become fully integrated into a global
organization. That nationalistic opposition to globalism put Ghosn very vulnerable. The American Dream
from for most Americans has become unachievable. And so, that which is not given will be taken.
GRANT WILLIAMS: I'm about to sit down for a long overdue chat with a man who probably makes me
question things I read and think about more than just about anybody else. That's Peter Atwater. There's so
much I want to talk to him about confidence, mood, left versus right. And of course, Tesla, I can't leave that
one alone and the trade wars. So, let's go see what Peter has to say.
Peter Atwater, welcome back to Real Vision.
PETER ATWATER: Thank you, Grant.
GRANT WILLIAMS: We've been trying to do this for a while. We finally got a diary synced. But now
we're here. It just feels like there's nothing to talk about.

[@UneducatedEconomist]

It’s “credible threats” Ben Bernanke said it in a 2002 speech. He knew that the Fed would hit the lower bound ( zero interest rates) and would need unconventional tools. He said they could use their words. Imagine a guy who invents a gold machine and with this machine produce as much gold as he wanted with little effort . The moment that information gets out to the markets the price of gold would plummet even before the guy produces a single ounce of gold. The “credible threat” alone would be enough to move the markets. They had to raise rates enough to get the threat but not enough to actually damage the markets.

[@ericparadis7882]

They delivered a steak with only the sizzle

[@johnbowman476]

Jawboning only works when you have credibility. The central banks have credibility on Wall Street, on main street not so much as the results of their unconventional efforts are being experienced

[@ericparadis7882]

@@johnbowman476 yup, on main street its called incredulity - the state of being unwilling or unable to believe something.

[@UneducatedEconomist]

John Bowman will the Fed cut rates? Everyone thinks so 500 points on the DOW. In a few weeks the Fed will be hawkish again. Lots of speaking engagements and news interviews but will only continue to sit on their hands as they have done for months now.

[@gemstoned33]

" Gullible's Travels " lmao Perfect description of the market's momentum

[@nachannachle2706]

This is an amazingly real conversation. I have had similar observations and thoughts about the state of the post-2016 world, but it was great to have it all wrapped up so elegantly and seamlessly by Mr Atwater. Thank you very much for sharing this, RV Finance.

[@GenkiSugiru]

Excellent interview. Relatively unique, big picture conceptualization and synthesis of many important trends.

[@jayofman]

Really enjoyed this interview, its thought provoking ans nails many of the sources of the problems of today. Thank you:) .

[@mktwatcher]

Excellent Interview - Thank you for publishing this on YT.

[@theciakilledjfk5973]

Keep in mind this guy is saying that Bernie Sanders isn't popular with younger voters. That's just not factually true. That's actually his most popular age group. He is less popular with older voters. How could this guy get something like that so wrong?

[@maxb5640]

Fascinating conversation. Gives new perspective on macro. Thank you

[@goldenalight1]

I've been watching 'RealVision' for many months now. I never miss an episode. I love your passion, authenticity and clarity in communicating important, uncommon perspectives. A topic I've been expecting you to cover but is, so far, missing from your analysis, is the relationship between rising cost of producing energy(ECoE) and the decline in business profits and household prosperity. I'm sure you agree there are many unexamined assumptions about the true basis for our prosperity including our history of low cost energy, and the factors contributing to the rising cost of energy production. The most eminent person writing on this subject is Dr Tim Morgan, ex director of research at the London based firm Tullet Prebon, the world's largest inter-bank energy and finance brokerage. Dr Morgan's blog. Surplus Energy Economics joins the dots between issues that appear disparate and unrelated to most people; the GFC, rising energy production costs, declining GDP growth, the house price bubble, BREXIT, rising debt, increasing immigration flows, declining per capita prosperity and the rise of pitch fork reactionaries like the gilets jaunes. Dr Morgan claims that policy makers fail to make effective changes to policy settings because they are looking at grossly distorted econometrics. In a recent post, he claims that, although we need renewable energy, wind and solar only look cheap when compared with now expensive fossil fuels, and the trend cost of energy is rising exponentially. In 1960, one unit of energy invested, yeilded around 50 units for use in the economy. Today, as our heritage oil, gas and coalfields decline, that yield is down to 11 energy units from one invested. We are very near the 'net energy' cliff edge. Its pretty clear that we need to plan now for an orderly transition to a low energy future economy. Planning for this low energy economy may allow us to maintain social cohesion and have dignified lives with meaningful work as we make the transition. Not planning for this transition would risk us being taken by surprise and the emergence of a disorderly, dystopian energy descent. This topic deserves your close attention. The Energy cost trend is the trend underlying all other trends.

[@OMGAnotherday]

Agree! - As the human race, we have (to date) planned abysmally for our survival, and now the message seems to be that only the 1% have a future worth living, indeed, the rest of us should just go away and die or commit suicide, sooner preferably than later! It really doesn't need to be this way.

[@lynlee6861]

What makes u think our oil and gas are in decline? They are not. Do u realize all these new energy sources are not clean energy. The cost and pollution to make windmills, batteries for cars etc. Have u really looked into this, or do u just believe everything thats poked at u?

[@nord98]

Huawei is an organ of the state. Don't be naive.

[@Do_the_Dishes]

I love his analogy of the Fed @ 13:10: “you have this Medusa like organization”

[@Iquey]

China like, "give us back our fucking pandas you capitalist brutes."

[@PaulRizzo504]

lol @ that Tesla part. If that interviewer was short then he seriously got hammered since this was taped. "This is not the time to get in on Tesla" lololol

[@pontonsky]

Great flow of thoughts

[@hodlbeast1889]

This guy is smart. The question is why have so many people put their life energy into gaming the markets?? The extreme FINANCIALIZATION of our economies worldwide is the reason for our current unsteady world. Don't get good at markets people. Get good at innovation and problem solving. Real economics. This guy needs to put his intelligence and ability toward something important.

[@matteo1ize]

because why would i or anyone want to work creating something then China steals it, inflation eats it. and take huge amounts of time. or i can study read and let other people make me money and what i get is time and if i dont like it i can leave any time. sounds like a good deal to me

[@istvanpraha]

I do have a real job, but even making $90K I can't afford a house, so I still need to play the market. Sad but true.

[@brucehunt2626]

EXCELLENT!!

[@theciakilledjfk5973]

Are we sure we can trust this guy's forecast when he confidently asserts that mayor Pete is more popular than Bernie Sanders with younger voters?

[@JoshKaufmanstuff]

@36:53 financial advice: May/June 2019 is not the time to get into TSLA Let's revisit this advice later and see how wise it was.

[@redpillcopinthephilippines9647]

He was dead fucking right. My guess he was short TSLA just like me. Short it to zero!

[@yogathan1]

@Mr. Smith would love to see your annual rate of return... Tesla is the least of your worries. How is GM going to do in the next crisis? I bet you look into their balance sheet weekly. They have a ton of cash that will last them about six months if sales plummet.

[@TIOMKIN1]

A Very Informative video message. I Learned quite a lot. Thank you. Out.

[@amineaiffa]

Wouldn't it be contrarian to purchase Tesla stock now?

[@cocochanel6495]

Large corporations with resources to see farther out may have come to the conclusion that as a business things are not looking good. Raising share prices is a chance for the Board, and senior management can take huge bonuses. Senior management generally have no skin in the game. They are looking to bleed the carcass. Not terribly technical is it !!

[@jonl9192]

You can tell this man is striking a chord with society when every comment is filled with negative energy.

[@theciakilledjfk5973]

Is Pete buttigieg more popular than Bernie Sanders with younger voters? Do the numbers actually bear that out or is this guy just huffing Vapors?

[@fitnesspoint2006]

This says feel your way into economic decisions, fee, feel,

[@stevebrown1461]

Interesting listening about the Tesla discussion on value two years following the interview.

[@OMGAnotherday]

Buy back is like eating your dinner, then trowing it up and eating it again! There is no real value in it.

[@SW20FL]

I've heard this in the news SO many times in the past few months: "stock are rallying in anticipation of a fed rate cut". *WTF* This is a nice game of musical chairs.

[@patw9319]

NYT front page confirming consensus? idk about that

[@deandimola5452]

Great convo. When you guys gonna get Martin Armstrong on?

[@chrismaxwell5965]

I agree with his premise but tend to disagree with all of his explanations and reasoning.

[@hawaiihiker1]

Yes. He also suggested that the other side (obama) reached across to the other party. Incorrect.

[@theciakilledjfk5973]

Keep in mind that this guy is confidently asserting that Bernie Sanders isn't popular with younger voters. That's like saying that Donald Trump isn't popular with evangelicals.

[@grahamdougherty226]

Fantastic interview. Peter Atwater is very well spoken and informative.

[@stansema1]

Drinking game---Take a shot every time Peter says ....."so"

[@iancassie9840]

ITS great too see a teacher that seems to be pushing use your own initiative rather than group think

[@m.burgesszbikowski8049]

There is a symbolic devolving all right and it is the "Vision Thing" ! And....

[@shareefcondon]

For How long can you buy back your own stock, actually it now belongs to the Fed supposedly, because they created the QE @ o% for that, although it really belongs to the people who are the primary creditors for all that creation. The debt is with the Govt Inc., it is owed to the people .

[@frankdavid8117]

Informative, insightful, relevant, fascinating, educational dialogue. Great!! Thank you.

[@mattmccracken1768]

The Fed has manipulated this market for so long that I think many believe it can keep it pointed upward indefinitely, but for every Fed move I believe there will eventually be a counter move by the market. The Fed has done a masterful job of postponing the inevitable, to the point perhaps where many sceptics will throw in the towel and begin buying equities again, but I still think the next recession will hit extremely hard. The Feds policies have encouraged spending, but mostly through borrowing, and those individuals and companies that racked up debt during the past ten years may have a difficult time servicing it when their income drops.

[@mywowfreak1]

This is not far removed or detached from reality. There seems to be a failure to realize the magnitude and nature of the problem. There also seems to be a failure to realize the resolve of the American people.

[@pokerchump25]

what 'resolve' do we have? we have let the fed and government lie, cheat, and screw us over for over 100 years...how is that 'resolve'? hell, even personal income taxes are illegal, yet us sheeple just go along and give away %s of our wealth like morons. any REAL 'resolve' would involve eradicating the bullshit irs and the bullshit FED and getting back to 'we the people'...

[@gullibletravels5250]

Very interesting discussion - thanks for the mention

[@MetalBum]

I'm buying gold, real estate, less US stocks but keeping some S&P and more China/ EM

[@callumjames9659]

Investing in Asia is dangerous in current climate

[@inventamus]

he lost me at "my freshman class" . When a professor starts by making big claims based on his students.

[@ericparadis7882]

Hes suggesting that the economy is mimetic (mimetic desire - i.e a desire is a desire for a desire) The desire was coming to an end, the demographics roll over but the millenials don't get the jobs.. the heathcare costs exceed savings... its a generational dross, and they collectively sensed it probably when Trump took office.

[@ryankane4347]

@@ericparadis7882 Just wanted to say I read Girard today and I abstracted that out too. Also caught some ideas from Peter Schiff. The professor flirts with heresy but is too much a coward to dive in from my perspective. His reasoning, although close to truth, will be flawed by lack of bravery.

[@ericparadis7882]

@@ryankane4347 its a theme I've seen with all west coast intellectuals, including most of the ones with science degrees dabbling in the markets, they use liberal ideas to reflect on how things work, but there is ultimately nothing underneath them. I don't think the ideas hold water over the long run, they just help explain peoples behavior in a heavily financialized society

[@lynlee6861]

@@ericparadis7882 trying to use the lefts psychology to explain the world. Sounds like a babbler to me. One look at his hands, and i dont want to hear another word. Never worked a day in his life

[@theciakilledjfk5973]

@@ericparadis7882 did this guy actually say that Pete Buddha judge is more popular than Bernie Sanders with younger voters? Is there any data to back that up?

[@nezb01]

Seriously? comparing Tesla to Theranos. That's ridiculous on so many levels. It's hard to take someone seriously making such a comparison. Uber and airbnb?

[@condor7782]

nezb01 , Your spot on! Comparing apples and oranges, how is that useful? Who is the carnival barker?

[@polsyg6581]

"full employment"... labor force participation was higher under george w. bush, so I dont know if Id call it full employment.

[@lynlee6861]

For some but its the highest ever for latinos women and blacks

[@__-ox5kz]

Interviewer speaks about "keeping markets together".... Has he never heard of the 9th floor on 33 Liberty Street?

[@lrevengek]

Original video: kzbin.info/www/bejne/mn-1o3Womr6hfqM Do you have the permission of Dave to re-publish his work?

[@nukelaloosh4795]

so, so, so, so, and so

[@rajgopinoth4241]

Big deal. Nobody's perfect

[@rajgopinoth4241]

Excellent insight. Listening to an individual this caliber speak really puts my own thoughts into perspective. I question how I should allocate my wealth going into these next few years.

[@pokerchump25]

just be happy and content youre one of the rare ones that even has any 'wealth' to worry about allocating

[@BothSidesNow52]

What does he mean by, " ... tin headed ladies" at 1:01:22 ?

[@thomasmendola937]

8:43 yes we are close to the cliff

[@yogathan1]

You bet ✌️

[@hiram.j]

36:53 PA: "Anybody listening to this in late May or early June, this is not the time I would be eager to get in on Tesla." TSLA stock price 1st June: $180 Now, 31st Dec: $420

[@k.cunningham1639]

Not ignoring. Just flat broke already . so not a thing can be done .

[@ghgoogle5238]

The larders have been overstocked so we need a time of no activity to empty the goods. So we call this a recession. The world can not make one more car, computer or mobile phone for at least 18 months.

[@spiral272]

Amazing speaker and thinker but he strikes me as shortsighted; perhaps because he focuses more on trends in place of overall progress.

[@mattmccracken1768]

My favorite Atwater quote: "The last few years have been Gullible's Travels." Indeed.

[@williamiannucci2740]

Who runs WALLSTREET and what religion are they ? IN GOD WE TRUST ??? I wonder. Money is not evil but the love of it sure is and they don't give a damb who they hurt or exploit. In the end they'll wish for these days that are now going by for sure .

[@scroogoo99le24]

Nothing of substance here, folks. Don't waste your time.

[@LeaPustetto]

Great interview and very intelligent guy. Terrific

[@melaniedavies5577]

Brilliant!

[@RGMiron]

Peter is viewing it to left leaning, not a wall but desire for sovereignty, globally.

[@Sakhmeov]

Not gonna happen. Because it doesn't work. It doesn't work within the present paradigm of understanding of what government is and how it should work, and it doesn't work in that it is not a thing that seeks a working solution or a general efficiency just universally. Just as little as the idiot idea of socialism works, wherever you draw the line for how "limited" it should be at the moment. That's _really_ the bottom here; the moment that people are forced by reality to question these postmodern ideas and the idiocy of thinking that just because one can collateralize and mitigate and take on faith and credit, that will somehow lessen the burden or the correlation to reality. Or that this has anything to do with... what, history or borders? That have been re-drawn and shown wrong or irrelevant time and again? Arbitrariness? The bottom is democracy and this failing vision of "liberal humanism" itself. It's conceited and prideful and a bad joke, and it was always going to end up in a bloody self-referential spiral. We may see a series of crashes and all sorts of erratic developments, but we won't be rid of the consistent downtrend before that shit effectively goes.

[@RGMiron]

@@Sakhmeov interesting comment and over my head at a few points but I think you over estimate mankind on the "postmodern ideas and the idiocy of thinking that just because one can collateralize and mitigate and take on faith and credit" and underestimate his desire for community, sovereignty, border. One thing is for sure my friend. We have interesting times ahead. Great time to be alive.

[@Sakhmeov]

@@RGMiron Great time, terrifying time. Interesting time, as the saying goes. You ever heard of the archetypal concept of the "Devouring Mother"? That's kind of what we're talking about here, only on a sociocultural level. Or, because I bend that way, the idea of Pride; that being the denying of the judgment of the world and of God and instead believing in self-justification. I know people want that community and sense of self-sufficiency. And they might even bring up how these ideas have worked out historically. But pretty much always, even the best of them (take Acemoglu, for instance) mistake and jumble things and fail to actually look at the thing itself and its direct origination, rather than just going "post hoc ergo propter hoc". Firstly: It doesn't matter whether if people believe themselves in these mad ideas; if the system they are participating in is built around them and incentivizes them, then the people can believe whatever they like. They will be coaxed into acting out the system's own axiology and teleology, whether financially or socially or judicially or whatever. Like logic gates in a circuit, albeit not as definitive. But still, with a bias. Which adds up over time, until the system can start selecting for the kind of madmen who actually _do_ believe. What's happening to the Democrats right now? To Silicon Valley? Charlie Munger put it best, I think; "You give me the incentives, and I will give you the outcomes." Secondly: Specific and universal fitness can be vastly different, and nothing exists in isolation. Nothing is or can be self-justified. This goes for everything, _including_ nations and communities. And you show me the nation, the tribe, the ideology today that hasn't yet effectively betrayed those who've signed on or been born into it. Nations used to be about values and ideas and most importantly about _why_ people believed that they worked; now they're just empty shells, and people are trying to Ghost Dance around the few recognizable frills and trinkets to try and bring the past success back, and thinking about the "Why?" is as good as banned because it isn't marketable. Believe me, I don't like what I'm saying. I wish that I had something more than just my personal ideology and take to swear to. But, I cannot honestly think anything but that we have lots and lots of pain in store before people have had enough idealism and false hope knocked out of them to accept that the present state is over, and never actually worked in the first place as all that held it up was the consolidation of the past...

[@edwardhernandez8289]

We have lost God. We have no reference point, believing humanity could be its own Anchor. We’re living on subsidies of God’s grace and mercy. It’s about to run out. For every sin not forgiven he will avenge himself. Babylon has already fallen, We’re simply waiting to see the Physical manifestations

[@lendavidhart9710]

Why are globes everywhere?, to confirm, not trying to be funny, but behide news casters, everywhere you look, why?????? Why is this constantly reinforced. Think about what this guy is saying. Thank you for posting/sharing this video!

[@lynlee6861]

Pushing globalism perhaps subtly

[@thomasmendola937]

6min in nothing said yet.

[@chasenielsen7834]

but the pandas

[@davidjewett112]

When your favorite word is...... SO

[@chavylevy7355]

1 hour of not saying anything.

[@kirstinstrand6292]

Interesting parallels between Musk and the overall Market Hype...there are many Players who operate on similar levels. This is another wonderful interview.

[@tensevo]

Wow, to right off Amazon as just a logistics company, wow. Most of my money is spent with Amazon and I buy real things delivered to me next day.

[@pegasus8873]

Mark Freeman They are logistics because they don’t manufacture anything. They deliver goods.

[@xDDufiosy]

Mark Freeman you have no idea what it means to be a logistics company

[@parag1489]

1. There is no veneer in tesla, it is just overvalued company with a guy a trying to be ambitious in its actions with a demonstrable record for achieving which people think is hardly possible. It just means the stock has gotten ahead of itself. People just like to hate it because of lofty valuation and then try to justify it by giving bad rap. You can just say that it has lofty valuation. 2. He is right about ETFs to a certain degree.

[@dmay3391]

"tesla" *Tesla Motors failed years ago, then government stepped in to prop up it's failure. USA brand: Tesla, the coal powered car.*

[@chickenmanfarmer1570]

SO, LIKE, UM....could you have a conversation with someone....ANYONE...who doesn't insist on starting every response with.....SO??????

[@Stevenjweber]

chickenman farmer instead of saying umm he says SO🤣

[@prez2576]

This guy is FOS. "Well this is what I think of things without having to back it up with any numbers or statistics or history or..."

[@lynlee6861]

Exactly pompous b.s.

[@firstdog4]

Two guys who clearly do not like POTUS. What is the motivation for this 'interview'..?

[@tecomaman]

now it is October

[@josephlee2318]

Grandma was in on the crypto bubble...really? No, Grandma doesn’t have private keys. For all his knowledge and understanding he is uninformed about what is going on in the blockchain and crypto ecosystem development.

[@theciakilledjfk5973]

This guy is saying that Bernie Sanders is not popular with younger voters, but that is actually where he is doing the best. I volunteer on the campaign and I can tell you for sure that we struggle with older voters more than younger voters. It's amazing how confident these guys are in totally false information sometimes. Not saying that this guy isn't smart and I certainly enjoyed this talk.

[@TBradFashionModel]

Ah, a professor, an academic, an opinionated instructor who can arm chair an opinion into an idea of the future. Completely disagree, but correct in periodicals bias toward public.

[@theciakilledjfk5973]

This guy is confidently asserting that Pete buttigieg is more popular than Bernie Sanders with younger voters. Wrong. Flat wrong by the numbers.

[@yountune9799]

Why do people stutter when they convey their ideas? Is it because it's not yet concrete in their mind?

[@patrickfeeney8569]

Ahh, I remember the Tide Pod fad.

[@maxsmart5466]

What a well-balanced truly coordinated and explicitly choreographed part of an interview with such deep insight and depth of knowledge that is only rarely seen on the exclusive corner of the internet reserved for deep thinking and utterly motivated by strict science professionals bearing the extensive and particulative encompassing globalised group of holders of aquainted knowledge deeply rooted in great philosophy and wisdom regarding recent history backed up by ..........................a panda. oh boy.

[@adamazia9861]

Globalism has two antithetical goals. Corporate profit versus customer satisfaction.

[@dmay3391]

Globalism is a monopoly global government. Governments are extremely profitable because spending is a justification for more revenue.

[@thomasmendola937]

9:50 haha tax incentives.

[@squeegeedee]

"Sanders no longer has traction with the youth". Love him or hate him, Sanders still has massive support from millenials.

[@assemblyofsilence]

A candidate who can “Attempt to straddle with some groups on the right”: Andrew Yang perhaps?

[@DredPirateRoberts]

Assembly of Silence RH - his eyes are too slanted for anyone in the right to tolerate, nice try.

[@assemblyofsilence]

Rigor Mortise: a fantastically partisan reply sir. See: www.nbcnews.com/news/asian-america/obama-asian-americans-voted-republican-gop-wants-bring-them-back-n873401

[@theciakilledjfk5973]

Am I crazy for noticing that this guy said that Pete Buddha judge is more popular than Bernie Sanders with younger voters? I'm looking at all the polls and that's just factually inaccurate.

[@paladino444]

This is the first video that I've tried to watch on this series...which I enjoy..that I can't finish. Just too much mush, speculation, chicken bones...

[@lynlee6861]

Garbledygook

[@eldareldar7174]

This guy is so full of it. Very convincing sounding; but full of it. He builds a narrative which sounds plausible;but, in fact, is fiction. Likes to tell "his" audience what they already belove.

[@chunglee6895]

History shows this kind of jerk prevailed in every technological breakthrough period.

[@jayrobbins1598]

This is why you only have 78k subs.

[@bsant54]

Intellectual drivel of analogy and no conclusion. Like a committee, when right everyone takes credit when wrong no one takes credit. As for reading news headlines, no dung Sherlock.

[@HJ-br1bs]

Never deal with communists.... never....

[@hawaiihiker1]

Correct. They will bayonet their own people as they seem fit to do so.

[@DredPirateRoberts]

We partnered with Stalin in WW2, you idiot.

[@JJCornett]

53 mins in: ..."Sanders time has come and gone. He no longer has traction with the youth."... 3 months later and Mr Atwater must be rethinking that call...

[@dmay3391]

Crazy Bernie isn't electable or nominatedable. Crazy Bernie's popular with a tiny number of extreme of Leftists that advocate for policies which most Leftist regard as dysfunctional, and he's a old white male, Leftist won't nominate him. Warren say's Crazy Bernie's policies are her policies, but Warren is a science denier when it comes to gen3 nuclear as the only viable solution climate change and her Bernie health care plan to expensive, it's absurd. Harris debates like a lacky, not a leader. Bidens out to pasture. Crazy Bernie's knows he won't be nominated, the only question is who he will sell his support to. Looks like Warren, from what Warren says. The DNC gave up on try to win against Trump. Have you noticed?

[@4notron]

"If that's not real, what is?" simply beautiful: if I may, let me answer; "what is REAL?" REAL being what matters, ENERGY tech. LFTR, and the opposing piston 6 cylinder 3 crank shaft, 3 generators, 2 stroke internal combustion extremely clean diesel that gets 55 miles a gallon in a 2 ton dully configured with motored shaft to each wheel hub. Braking generated power stored in capacitor pack. Battery's not needed but can be optional. This is real technology that's been doable for decades, & only getting much more efficient with modern martial & computer controls. Even 25 miles per gallon is significantly less taxing on the environment that any battery EV in anyone's pipeline. By the time we can make super-material super batteries, we wont need any of this stuff anyway, because we'll have solid carbon hydrogen fuel cells. BUT, right now, we can't come even remotely come close to making a safe clean & easy to recycle battery, not to mention their life spans are horrible. And every time there's an accident you have this monster energy storage ready to ignite anything it can, but with capacitors, they can be safely discharged in the crumple phase of the accident.

[@parkerbohnn]

Formafist I'll clue you in. America is lowering interest rates to push down the value of the U.S. dollar because the China U.S. trade deal fell apart. This has the net effect of pushing up U.S. stock values. Trump is timing the rate cuts perfectly to increase his chances of winning the 2020 election. Remember there's a 6 to 8 month lag between and interest rate cut and when it kicks in. This would see rate cuts in September and December this year as its already too late this year for the U.S. housing market.

[@Theplaided1s]

Actually all of the youths I know wanted Bernie

[@mettaphysicist93]

I wanted to like Peter, but the more I listened, the less I enjoyed his narrative of our reality. Having spent a great deal of my career on delivering "things", I find myself more than a little disappointed by this kind of psuedo-intellectual armchair critique of people who are trying to do something that may benefit humankind (and the rest of the biosphere). The comparison of Musk to Theranos' Elizabeth Holmes and the circus barker analogy were the final nails in the coffin for me, as I parted company with this interview. With homage to Douglas Adams, I imagine this interview being conducted on the Golgafrincham Ark Fleet Ship B, a starship as it relocates the largely redundant and useless part of the population from the planet of Golgafrincham. We have a planetary emergency with respect to the environmental damage we are doing (climate change being a subset of the threat). Our track record shows, that we are not going to change our habits. Therefore, on current trajectory, we are doomed unless we engineer our way out of this self-made disaster. Give me a Musk, with all his failings, any day over the hubris of a thousands Peters.

[@medraut6599]

None of what you said is mutually exclusive. Musk can be a circus barker and create an automotive revolution at the same time. Just because he is the guy that pioneered electric cars doesn't mean that his company will survive in the long run. There are many examples of where a company basically created a market only for another company to come and dominate, facebook comes to mind for example.

[@fanniannifig2779]

The Douglas Adams parallel is right on, I can just imagine it. Have to read his stuff again, he nailed human nature.

[@justustx6996]

Bla bla bla...so many words so little worth

[@hawaiihiker1]

He is saying nothing. I'm out.

[@justustx6996]

@@hawaiihiker1 over educated psycho babble

[@nachannachle2706]

Typical rebuttal from people who don't have the brain to understand...

[@n8pronouncednate858]

“It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.” Thomas Sowell This guy gives one really good reason to not send your children to college.

[@OMGAnotherday]

Yeah I know what your are saying, my sister is one of them! Her attitude is don't be jealous of people who have more than you, they did something for that wealth, (She misunderstands exposing the reality for jealousy) I say be careful you could loose it all in a month! But true to her form, she doesn't want to go that deep into the subject. I don't know why? Perhaps fear of what is really there, and just around the corner for most of us if we get an unlucky streak or we get sick!

[@n8pronouncednate858]

Perhaps jealous is the wrong word. What I would typically tell people is to focus on themselves. Don’t worry about what your neighbor has, worry about living the life you want to live. I personally don’t want a lot of “things” so I don’t have much. I do however want a large family so that’s what I focus on. I do the things I need to do to live the life I want. Some people want to be rich, if that’s what you want, you should ask them how they did it? What they had to sacrifice? Find out the traits that made them successful. “You could loose it all in a month” it doesn’t matter how much you have, anyone could loose it all in a month or one minute. Always be thankful for what you have. It could be much worse.

[@OMGAnotherday]

@@n8pronouncednate858 - Nate that's fine if you can live the life you describe, however, I was talking about the people who have lost their livelihoods, life savings through the likes of 2008, and that there are millions of people across the world that could have been brought out of poverty had 2008 not happened! My focus is to try to highlight the harm that the banks/elite have done and perhaps we as humans can stop this kind of thing happening again! I doubt I will have much impact on my own, but as groups, we might stand a chance.

[@n8pronouncednate858]

I’m sure we both agree the federal reserve has to go, but I’m sure we have different ways of helping people out of poverty. As for impact, you could start by living the ideology you espouse. If it works you will not need to force other to join you. A good idea does not require force. If force is needed you should rethink the ideology you espouse. What do you believe caused 2008 crisis?

[@n8pronouncednate858]

Is the answer “a culture of loads of money” the cause for the 2008 crisis. If so I agree. What caused the culture of loads of money and how do we prevent it from happening again.

[@stevenoconnell6297]

Interesting conversation and great points made but I can’t help but feel like this man is analyzing and attempting to conceptualize data in a world that he doesn’t understand from a common persons perspective as a lot of the things he mentions as potentially coming are a already fully established in the psyche of the people. Thought provoking for sure but there is just something out of touch about it. Personal opinion.

[@stevenoconnell6297]

Yea, I’m doubling down and calling bull shit on this word wizard 🧙‍♂️ Goebbels and Bernays would be so proud.

[@jairolinares9869]

This world is living in a no true democracy.

[@chrislemieux2747]

Say placate one more goddamn time

[@Michael-qy1jz]

Haa. People will believe anything out of thier mouths. They believe the same lies over and over and over and over and over and over and over. I watched it for 60 years- people are stupid.

[@marsmotion]

how about Asymptotic lol

[@wearewaves3106]

lol

[@johnristheanswer]

Peter's gone long on his shirt supplier. Two sizes too big , me thinks !

[@chrisferrell2663]

We need a weighed, measured, sound strategic mind like this in the presidency

[@ridethecurve55]

The Musk / Tesla narrative: Joe Biden not having a chance for the WH: Boy, THAT didn't age well. Predictions say more about the predictor than the prediction.

[@ajblundell]

so china have named a leader for life. nothing said about the royal families from the west!!

[@daviddarby]

Having REAL earnings is PAR for a normal business.

[@mike569112]

This guy is brilliant.

[@rubytuesday9539]

I don't want this guy teaching my children.

[@dmay3391]

As he said his students a very big on pretending, he must teach at a Liberal Arts college. Only people that are rich and don't need job skills should go to liberal arts colleges.

[@johnbesmith4094]

this show does nothing to forward the goal of fair and balanced trade