The Tesla Model

Guest Post by Eric Peters

Tesla didn’t so much pioneer the modern electric car as it did the modern electric car grift.

It works like this:

The people who constitute the federal government decided to use the power of the federal government to sluice money taken by the federal government from what are styled “taxpayers” – as if they had a choice as to whether to pay these “taxes” – to an industry that the people who constitute the federal government have decided to favor, via finance – using other people’s money.

In this case, the industry was Tesla – the only company that was in the business (so-called) of making electric cars when this business began about fifteen years ago. No one else was in this business because there wasn’t any money in it.

But that was before the people who constitute the government began to redistribute money, to this business.

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Do Electric Cars Pencil Out?

Via Epic Peter Autos

A good way to think about what they’re trying to take away from us is to consider what ten gallons of gasoline weighs.

The figure is about 63 pounds, each gallon weighing just over six pounds. That 63 pounds of liquid energy will power a piston-engined car that averages 30 miles-per-gallon about 300 miles.

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DARWIN AWARD WINNERS OF THE WEEK

Via ZeroHedge

Tesla With No One In Driver’s Seat Wrecks, Burst Into Flames, Kills Two Men

Here we go again.

While the NHTSA continues to sit idly by and allow Tesla to continue to beta test its “Autopilot” and “Full Self Driving” features on public roads, yet another two men are dead after a Tesla crash where no one was reported to have been in the driver’s seat at the time.

The Tesla slammed into a tree near Hammock Dunes Place in the Houston Area, a local NBC affiliate reported. The wreck was in the “Carlton Woods subdivision near the Woodlands,” the report says.

According to authorities, “the vehicle failed to negotiate a cul-de-sac turn, ran off the road and hit the tree.”

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FROM AMERICAN DREAM TO AMERICAN NIGHTMARE

For most of the ninety years since James Truslow Adams coined the term American Dream, most Americans still believed the fairy tale of the American Dream, that no matter how humble your beginnings, everyone had a fair chance to become a success in America, based upon your individual talent, intelligence, work ethic and a society that rewarded those who exceled. Sadly, that dream is no longer achievable for most Americans. Our society has devolved into an oligarchy since The Epic of America was published in 1931, where a powerful few rule over a willfully ignorant many through propaganda, mistruth, fear, and an iron fist.

Amazon.com: The Epic of America eBook: Adams, James Truslow: Kindle Store

“But there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position…

The American dream, that has lured tens of millions of all nations to our shores in the past century has not been a dream of merely material plenty, though that has doubtlessly counted heavily. It has been much more than that. It has been a dream of being able to grow to fullest development as man and woman, unhampered by the barriers which had slowly been erected in the older civilizations, unrepressed by social orders which had developed for the benefit of classes rather than for the simple human being of any and every class.” – James Truslow Adams – Epic of America – 1931

The American Nightmare: How the American Dream has tainted American society. - Poponomics

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Von Greyerz: Why Buy Gold When There’s Bitcoin & Tesla

Authored by Egon von Greyerz via GoldSwitzerland.com,

Instant gratification is what drives the world and especially investment markets.

I often hear complaints that gold is a useless investment since it doesn’t go up fast enough.

We have invested heavily into gold for ourselves and our investors since 2002 when the price was $300.  Since then gold is up just under 6X.

Sure it has not been a straight line and there have been major corrections on the way.

STOCKS ARE TODAY A GARGANTUAN RISK

But Bitcoin and Tesla are much more exciting so why should an investor hold gold – an incredibly dull investment for the majority of people.

If I tell investors that it is absolutely critical to hold gold for wealth preservation purposes as the world financial system is the biggest bubble in history, most would ignore or ridicule me.

And if I tell them that the dollar and most currencies are down 97-99% since 1971 against gold and down 85% since 2000, they would yawn. They are only interested in their nominal stock market gains not understanding that they have gained nothing in real terms.

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Immediately After Moving To Texas, Elon Musk Announces Tesla AR-15

Via The Babylon Bee

AUSTIN, TX—After years of fighting lame California politicians who want to lock everyone in their homes so they can’t go to space or build cool stuff, Tesla CEO Elon Musk announced he was moving to a land flowing with milk and honey called Texas. Almost immediately after the move, he announced a new product the whole world has been waiting for: the Tesla AR-15.

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NO ONE GETS OUT OF HERE ALIVE

“The seasons of time offer no guarantees. For modern societies, no less than for all forms of life, transformative change is discontinuous. For what seems an eternity, history goes nowhere – and then it suddenly flings us forward across some vast chaos that defies any mortal effort to plan our way there. The Fourth Turning will try our souls – and the saecular rhythm tells us that much will depend on how we face up to that trial. The saeculum does not reveal whether the story will have a happy ending, but it does tell us how and when our choices will make a difference.”  – Strauss & Howe – The Fourth Turning

As we wander through the fog of history in the making, unsure who is lying and who is telling the truth, seemingly blind to what comes next, I look to previous Fourth Turnings for a map of what might materialize during the 2nd half of this current Fourth Turning. After a tumultuous, harrowing inception to this Crisis in 2008/2009, we have been told all is well and are in the midst of an eleven-year economic expansion, with the stock market hitting all-time highs.

History seemed to stop and we’ve been treading water for over a decade. Outwardly, the establishment has convinced the masses, through propaganda and money printing, the world has returned to normal and the future is bright. I haven’t bought into this provable falsehood. Looking back to the Great Depression, we can get some perspective on our current position historically.

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Tesla Stock Price Volatility a Sign of “Frothy” Market

From Birch Gold Group

tesla stocks

Near the end of a bull run, it’s fairly common for “frothy” conditions to develop in the financial markets. This often occurs shortly before bubbles pop.

According to Investopedia, “Froth refers to market conditions preceding an actual market bubble, where asset prices become detached from their underlying intrinsic values as demand for those assets drives their prices to unsustainable levels.”

Based on this definition, Tesla has definitely been frothy. In fact, its recent jump in stock price was parabolic — potentially a blow-off top. Referring to this near-vertical surge, Matt Maley, Chief Market Strategist at Miller Tabak, told CNBC that he predicted trouble in Tesla’s future:

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Here’s something that makes absolutely no sense

Guest Post by Simon Black

If you feel like you’ve been watching a meteor streaking across the sky over the past several weeks, it turns out it was just Tesla stock soaring to astronomical heights.

As of Tuesday afternoon, Tesla’s stock price was up 4x in the last four months, more than double since the beginning of January, and nearly 50% since February 1st.

(The stock is now down about 20% from that peak.)

It was an absolutely epic surge that nearly outpaced the 2017 Bitcoin bubble.

But even still– the company is now worth a whopping $136 billion at the time of this writing.

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Orange Man Lobs One at Tesla

Guest Post by Eric Peters

The Orange Man didn’t just kill an Iranian general last week. He may also have killed Tesla.

And not just Tesla.

This runs counter to the reports of Tesla selling more cars in the last quarter of 2019 than it ever sold before – which it did. But only because the federal government has been paying people to buy them.

Not anymore.

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WHAT A GLORIOUS FUTURE

Reminds me of 1973 when even numbered license plates could get gas on one day and odd on the other day during the oil embargo.

Doug Casey on Elon Musk’s Cybertruck

Via Casey Research

Chris’ note: It looks like something out of a sci-fi novel… and it’s got everyone’s attention.

I’m talking about Elon Musk’s latest project… his long-awaited “cybertruck.”

As you can see below, it’s not your typical truck:

Now, if you didn’t already know, our founder Doug Casey is a life-long car guy. So I had to get his take on this new truck since it’s truly unlike anything we’ve ever seen.

Below, in a brand-new Conversations With Casey, Doug shares his thoughts…

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The Throughput – and Other – Problems

Guest Post by Eric Peters

There was an interesting story over the holiday about electric cars piled up at “fast” chargers  . . . waiting in line for other EVs to finish “fast” charging. This brings up the problem of throughput – another of many EV problems not being reported by the general press as well as the car press (the latter being inexcusable).

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