The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. - Maximilien Robespierre.

Showing posts with label elon-musk. Show all posts
Showing posts with label elon-musk. Show all posts

Monday, February 20, 2023

More Globalist Psychopathy: How the Merging of Humans and Technology Will Define The Furure

 

A presentation at the World Government Summit (WGS) last week in Dubai, unveiled the conference organizers agenda for a Brave New World. Titled “Government in 2071 initiative" the plan was described as a roadmap for governments to interact with “citizens and stakeholders” in effecting dramatic changes in the way the world is governed and societies are organised. Drivers of these radical changes in the way we live will be Artificial Intelligence, robotics and climate change.

Convened from Feb. 13-15 under the slogan “Shaping Future Governments,” the WGS brought together around 25,000 political and business leaders, scientists, academics, mainstream media opinion makers and prostitutes to discuss how the future of the world may be shaped to the benefit of the wealthy elites and the detriment of ordinary citizens, in a format similar to that of the other recent jolly for the obscenely rich, the World Economic Forum (WEF) annual meeting at Davos Switzerland.


Klaus Schwab - Bond villain or Scooby Doo villain, you decide. (pcture WGS)
 

Arch globalist Klaus Schwab, addressing an audience of fellow psychopaths called for elites to come together globally in order to “master” advanced technologies such as Artificial Intelligence, robotics and The Internet of Things, warning that if the elites don’t act swiftly the world could “escape our power”.

It is the kind if insane rant his father's close friend Adolf Hitler was famous for but Schwab's audience love to hear such hyperbolic drivel. What surprises me more is that they seem to believe it. 

Schwab pointed to “fourth industrial revolution technologies,” and stated “Who masters those technologies – in some way – will be the master of the world.”

“Ten years from now we will be completely different,” Schwab said, adding “My deep concern is that [with] #4IR technologies, if we don’t work together on a global scale, if we do not formulate, shape together the necessary policies, they will escape our power to master those technologies.”

Schwab is obsessed with AI and other advanced technologies and has previously predicted that “What the Fourth Industrial Revolution will lead to is a fusion of our physical, our digital, and our biological identities.” 

Klaus Schwab: Great Reset Will “Lead to a Fusion of Our Physical, Digital and Biological Identity”

Taking a very different line to world domination freak schwab, Tesla founder and Multi - Billionaire Elon Musk  struck a warning note while giving brief brief remarks at the WGS, telling attendees to avoid excessive cooperation because it could pose an existential threat.

"I know this is called the 'World Government Summit,' but I think we should be a little bit concerned about actually becoming too much of a single world government," Musk said.

"If I may say, we want to avoid creating a civilizational risk by having — frankly, this might sound a little odd — too much cooperation between governments," the Tesla CEO added.

Citeing the fall of Rome, which took place in the 5th century, as an example of civilizational collapse, Musk explained, "While Rome was falling, Islam was rising, so you had a caliphate doing well while Rome was doing terribly. And that ended up being a source of preservation of knowledge and many scientific advancements."

"So I think we need to be a little conscious of being too much of a single civilization because if we are too much of a single civilization, then the whole thing may collapse," he continued.

Picture FOX BUSINESS

Musk later quipped on Twitter that the World Government Summit "seemed like the right venue" to spread the message.

While Schwab and the infinitely more likeable nutcase Elon Musk offered competing visions of the future at the event, between them dominating media coverage, the WGS has issued its own set of dystopian predictions for the future in its “Government in 2071: Guidebook.”

The guidebook predicts that catastrophic climate change, mass migration, mass layoffs due to automation, ensuing social unrest, and the merging of humans and technology will define the next 50 years.

It presents this vision as the “best-case scenario” for 2071. Those of you likely to still be breathing in 50 years time should be afraid, be very afraid.

 

RELATED:

[ New World Order ] ... [ Globalism ] ... [ Artificial Intelligence ] ... [ Humanitas ]

Is Switzerland About To Become First Country To Outlaw A Cashless Society?
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely.

World Eeconomic Forum Fuhrer Klaus Schwab Says Governments Must Harness A.I. And They Will Be ‘Masters of the World’, MWAH HA HA HARRR
Addressing the World Government Summit in Dubai,World Economic Forum Chairman and Scooby Doo Villain lookalike Klaus Schwab said that emerging technologies such as Artificial Intelligence which will usher in a 'Fourth Industrial Revolution' can become “masters of the world,”

Germany is Now A “Total Dictatorship” Says Dutch Journalist
A Dutch journalist has claimed that Germany is now a “total dictatorship”. This may seem like a case of the pot calling the kettle black given the Dutch government's plan to evict up to 3000 farmer from their land and return those acreages 'to nature' in a bid to lead the way among EU member states, to enforce total compliance with the latest loonytoons EU climate policy which requires EU members to reduce that dangerous pollutant nitrogen, which accounts for 78% of the air we breathe ...

Dutch farmers block roads with tractors in protest of government plan to seize thousands of farms over “climate change”
With the cost of energy and food prices already sky high and set to go higher, the , billionaire psychopaths have declared war on the food that sustains us. The European Union having failed to completely remove the gas essential to all lifeforms, Carbon Dioxide from the atmosphere, is now setting itself up to remove another esstential gas, nitrogen - which accounts for 70% of the air we breathe.

AI experts are increasingly afraid of what they’re creating
In 2018 at the World Economic Forum in Davos, Google CEO Sundar Pichai had something to say: “AI is probably the most important thing humanity has ever worked on. I think of it as something more profound than electricity or fire.” Pichai’s comment was met with a healthy dose of skepticism. But nearly five years later, it’s looking more and more prescient. College professors are tearing their hair out because AI text generators can now write essays as well as your typical undergraduate ...

Majority of the British people feel that migration is too high’
As the Conservative government come under fire for their failure to deliver on promises to control immigration and stay the flow of illegal immigrants from France in small, inflatable boats, the topic is once again at the forefront of political debate.
 Among the people raising the topic on media platforms this week is Professor Matthew Goodwin. A Politics academic at The University of Kent, Prof Goodwin declared today that a majority of people in Britain think imigration levels are too high.

The Great Genocide: Dutch Govt Plans to Shut Down Up To 3,000 Farms To Comply With Euronazi Union Green Law
As we reported earlier in the year, in order to comply with new, economically suicidal European Union environmental laws the Dutch government’s plans to force the closure of thousands of dairy and livestock farms in order to comply with the latest and most insane to date batch of EU environment laws which aim to limit notrogen as well as Carbon Dioxide emissions. The European Union green agenda directive has been branded as the “Great Reset turned up to eleven”.

Lockdowns, The Great Reset and the Unfolding Disaster That Is Globalism

In late 2019 and early 2020 and during the COVID era of lockdowns, mask mandates, etc., trillions of dollars were handed over, (via COVID-relief packages,) to elite interests while lockdowns and restrictions were imposed on ordinary people and small businesses.The winners were the global corporations like Amazon, Big Pharma and the tech giants. The losers were small enterprises, communities and the bulk of the population, deprived of their right to work and the entire panoply of civil rights their ancestors struggled for.

EU Vows To Retaliate if Nord Stream Gas Pipeline Blasts Were Sabotage - But against whom, the USA?
Yesterday's shocking news that the Nord Stream 1 & 2 gas poipelines between Russia and Germany immediately triggered speculation about who is responsible, but as the facts emerge the knee jerk blaming of Russia has failed to convince because the attack bears all the halllmarks of a false flag event engineered by the usual suspects ...

The Great Genocide: Dutch Govt Plans to Shut Down Up To 3,000 Farms To Comply With Euronazi Union Green Law
As we reported earlier in the year, in order to comply with new, economically suicidal European Union environmental laws the Dutch government’s plans to force the closure of thousands of dairy and livestock farms in order to comply with the latest and most insane to date batch of EU environment laws which aim to limit notrogen as well as Carbon Dioxide emissions. The European Union green agenda directive has been branded as the “Great Reset turned up to eleven”.

Legal Complaint Filed Against Food Retailer’s “Orwellian” Facial Recognition Surveillance System
A report last week that a major UK retailer, The Co - Operative Society (Co - OP) was planning to install in - store surveillance systems with facial recognition capabilities, supposedly to reduce shoplifting by repeat offenders, caused quite a stir in the media and the privacy protection community. Privacy rights campaign group Big Brother have denounced the scheme which would capture and store biometric scans of “thousands of shoppers” is “unlawful” and “Orwellian in the extreme.”

Reprieve For Free Speech - UK Online Safety Bill Sent Back To Committee
It s gratifying for supporters of free speech that the UK Government's Online Safety Bill, which had been described as a charter for censors, has been ripped apart and will have to be redrafted entirely apart from the title.
When the House of Commons the Speaker, savages a Bill it must be bad, so from the moment Lindsey Hoyle told MPs that the bill was 'all over the shop' (a good old northern phrase from a northern politician,), and that at least half its clauses "would be getting the treatment," in particular that measure which aimed to force Social Media platforms to remove content which was "legal but harmful," ...

Julian Assange Loses Appeal: British High Court Accepts U.S. Request to Extradite Him for Trial

Press freedom groups have warned Assange’s prosecution is a grave threat. The Biden DOJ ignored them, and today won a major victory toward permanently silencing the pioneering transparency activist. In a London courtroom on Friday morning, Julian Assange suffered a devastating blow to his quest for freedom. A two-judge appellate panel of the United Kingdom’s High Court ruled that the U.S.’s request to extradite Assange to the U.S. to stand trial on espionage charges is legally valid.


As the COVID narrative crumbles under the weight of evidence that the vaccines do not work, masks are useless and lockdowns kill more than they save a new scaremongering narrative - or a revamped old one - is emerging as the threat of war with russia is the latest fear and panic vehicle to scare the people into compliance with tyranny. Continue reading >>>

IBM Lays Billion Dollar Bet On Artificial Intelligence System Called Watson: They'll Lose
This publication has always been sceptical of the claims made by computer scientists that'the thinking computer is just around the corner'. The fact is pointy heads have been saying arificual intelligence would be with us in two or three years for the past forty years. And the old computer professional who owns the site says we are no nearer than when he wrote his fisrt program.

Nothing Good Has Come Of The InternetWhen a technophobe denounces the internet as anti - social, anti jobs, a force for dumbing down or a waste of time it can easily be dismissed but when the CEO of a major technology company like Sony saays nothing good has ever come of the internet we should perhaps listen..

The Robotification Of Human Society Is being Implemented
Are you ready to surrender your humanity to science, accept having computer chips implanted in your skull that will link your brain to the internet (via a Google server) and let your life be controlled by machines? That's what The Controllers are planning for you ...

Global collapse
The global corporatocracy
Sweden The Latest Domino To Fall ToAnti – Globalism Pushback?
The globalisation of serfdom
Global trade crash
Is Europe Waking Up To The Threat Of Globalism Posed by Secret Trade Treaties
Living within the conspiracy

Saturday, April 16, 2022

MSNBC Doubles Down On Fascist Mission Statements: It's Our Job To Control How People Think... Not Elon Musk's

 

It has been amusing to observe this week how utterly incensed the 'woke',  leftie hate mobs at Twitter were when they heard that Elon Musk, currently the richest man in the world's bid to buy Twitter, but for people who don't see the funny side of it, an old comment from the ultra left American news channel MSNBC is an important reminder of just how the lefties in the media media and their  globalist billionaire psychopath overlords see their role in modern society.

As hours of coverage and an avalanche of op-eds are unleashed to explain to the masses why they should grab their pitchforks as Elon Musk offers to buy a social media platform at a significant premium for shareholders, this brief exchange between MSNBC presenters from 2017 perfectly summarizes exactly what is wrong with modern socirty.

On MSNBC's breakfast show 'Morning Joe', Mika Brzezinski, referring to President Trump said the following words in her out-loud voice...

"The dangerous edges here are that he is trying to undermine the media, trying to make up his own facts, and it could be that while unemployment and the economy worsen, he could have undermined the messaging so much that he can actually control exactly what people think..."

And then the nail in the 'oops, I just told the truth coffin':

"...and that is our job."

To which the effervescent Joe Scarborough replies:

"Yeah".

See the clip HERE

And in case you thought that perhaps attitudes had changed in the intervening years and the propagandists at MSNBC had learned something from the hit their ratings have taken due to the utterly biased and distorted coverage on the COVID pandemic and decided gaslighting the public does not win them friends, viewers or advertising revenue, on Friday's 'Morning Joe', Brezinski repeated her delusional claim about the need to control information when raising alarm over how Musk's possible takeover of Twitter might affect the grip of the far left propaganda machine's grip on on social media and thus their ability to shape public opinion, calling a hypothetical Elon Musk takeover a "very dangerous precedent" for America.

"...are there any ways to stop him if he wants to buy Twitter? Are there any guardrails around something like this? Because this could be a very dangerous precedent,"

"He does not believe in the consequences of words," added Brezinki's guest, who had written earlier that "Elon Musk’s attempt to buy Twitter represents a chilling new threat: billionaire trolls taking over social media."

Somewhat bizarrely these people had nothing to say when Amazon founder and far left, 'woke' billionaire psychopaths Jeff Bezon took over The Washington Post, or when former world's richest man Bill Gates acquires controlling interests in numerous influential print and TV news companies. The problem for MSNBC is of course that while the 'woke' left are intent on controlling not only what people say but what they think, Elon Musk, whatever else we might think of him (and I'm not a fan,) is a determined defender of free speech, even if it means allowing people he disagrees with a platform on a site he owns. Other billionaire psychopaths, Twitter's founder Jack Dorsey, Mark Zuckerberg of Facebook and Amazon's Jeff Bezos being the most notable examples as all have been driving forces in the hounding of conservative and libertarian voices from their platforms.

RELATED:

 



 

[ Technology Rules ] ... [ Free Speech Murdered ]

SStarmer Outs Himself As More Fascist Than Boris Bonkers or Dementia Joe Biden
The leader of the UK’s official opposition party, Labour, Sir Kier SStarmer after a year of starring in a remake of The Invisible Man has finally decided to let us see who he is. Responding to remarks made by Home Secretary Priti Patel, SStarmer said education authorities should be allowed to use exclusion orders to stop anti-vaccine activists from protesting outside schools ... Continue reading >>>

Goodbye Freedom, Hello Global Governance.
If at any time during the chaos the past eighteen months you have wondered what kind of idiots are running the world and have gleefully trashed economies, disrupted social and commercial life and stripped citizens of their rights and liberties only to bring us, in late October 2021, right back to where we were in late February 2020 when the words pandemic and COVID crept into our consciousness ...Continue reading >>>

Big Tech tyranny is the biggest threat to democracy in our era
This weeks main story, pushing Coronavirus aside at last, has been the attempt by Twitter to censor U.S. President, classifying his somewhat rabid tweets as misinformation. Whether you love or hate Trump or any other occupant of The White House, their utterings can never be dismissed as ‘misinformation’ because they represent what one of the most powerful people in the world is thinking.

University free speech society told free speech a 'red risk', external speakers must be vetted

Sheffield University’s recently formed Free Speech Society has been warned that free speech is a “red risk” and all external speakers at events it organises will have to be vetted by the University Thought Police squad and the topics they intend to talk about shown to be in line with ideas and opinions the titty - sucking babies who run the Student Union are not frightened by.

Big Tech tyranny is the biggest threat to democracy in our era
This weeks main story, pushing Coronavirus aside at last, has been the attempt by Twitter to censor U.S. President, classifying his somewhat rabid tweets as misinformation. Whether you love or hate Trump or any other occupant of The White House, their utterings can never be dismissed as ‘misinformation’ because they represent what one of the most powerful people in the world is thinking.

French Intellectual Jailed for Calling Mass Immigration an “Invasion”
French intellectual Renaud Camus (above) has been conditionally sentenced to 2 months imprisonment for arguing that mass immigration in Europe represents an “invasion.” Summit.news reports: The writer, who is the author of Le Grand Remplacement (The Great Replacement), was charged with “public incitement to hate or violence on the basis of origin, ethnicity, nationality, race or religion.”

Algorithms Are No Better At Telling The Future Than Tarot Cards Or A Crystal Ball
According to a new report “An increasing number of businesses are investing in advanced technologies that can help them forecast the future of their workforce and gain a competitive advantage”. Almost every day we see more bollocks being written by supposedly intelligent people who believe that by using things called ‘Data Science’, ‘Artificial Intelligence,’ and ‘Big Data’, machines can already be relied on to make better decisions than humans, and that soon computers will equal or even surpass us in actual intelligence. ... Continue reading >>>

Proof That The Alarmist Claptrap You Are Hearing And Seeing At COP26 Climate Conference Is A Load Of Bollocks
The Arctic ocean is warming up, icebergs are growing scarcer and in some places, the seals are finding the water too hot, according to a report to the Commerce Department yesterday from Consul Ifft, at Bergen, Norway. Reports from fishermen, seal hunters and explorers all point to a radical change in climate conditions in the Arctic zone. Expeditions report that scarcely any ice has been met with as far north as 81 degrees 29 minutes. Soundings to a depth of 3,100 meters showed the gulf stream still very warm ... Continue reading >>>

Green dreams of Heat Pumps Continue reading >>>
When Boris Johnson revealed the UK Government plans for achieving 'net zero' carbon emissions by 2050 it emerged the much teased clean, green replacement for gas boilers as our main source of domestic heating is to be heat pumps. The Daily Stirrer counters the pseudo-scientific bollocks and reveals this 'new technology has been around for a hundred years.

Sweden Cancels Bill Gates Geoengineering Plan To Block Sun & Stop Global Warming
from Great Game India Bill Gates has proposed and funded a geoengineering experiment to determine whether blotting out the Sun with aerosols could reverse global warming. This experiment was undertaken by Sweden’s space agency. But now they have called off this project as they are facing a great opposition from the environmental activists. The experiment … Continue reading

Bill Gates Flounders When Asked Direct Questions About His Vaccine Agenda

Bill Gates, the world’s greatest vaccine fan and long term purveyor of software that is not fit for purpose, has been one of the main drivers of the wholly manufactured COVID – 19 global crisis that has seen our political leaders unquestioningly follow the instructions of corporate lobbyists and representatives of the Big Pharma cartel, … Continue reading>>>

Bill Gates running deadly global “vaccine empire” that can only exist through extreme censorship Bill Gates – wannabe Dr. Death? (picture: NewsTarget.com) The reason why Microsoft co-founder and billionaire eugenicist Bill Gates is being given so much airtime amid the Wuhan coronavirus (COVID-19) crisis is because Gates is currently the world’s largest manufacturer of vaccines, as well as the money … Continue reading
Continue reading

Italian Politician Demands Bill Gates Arrest For Crimes Against Humanity
As the FDA shuts down a Bill Gates-funded COVID-testing program, an Italian politician has demanded the arrest of Bill Gates in the Italian parliament. Sara Cunial, the Member of Parliament for Rome denounced Bill Gates as a “vaccine criminal” and urged the Italian President to hand him over to the International Criminal Court for crimes …Continue reading

‘Bill Gates seeks to microchip humanity!’ Russian Oscar-winning director pushes vaccine conspiracy…Russian director Nikita Mikhalkov claims billionaire Bill Gates might be seeking to implant humanity with microchips under the guise of vaccination, seeking to control people and ultimately “solve” overpopulation. The ongoing coronavirus crisis has produced a number of wild conspiracy theories, as some are …
Continue reading

World Domination Freak Bill Gates Appeals For World Government
In a recent interview with the German magazine ?Süddeutsche Zeitung?, Bill Gates, son of a CIA director and the New World Order’s ‘made man’ uttered some highly sinister comments in support of abolishing democracy and nationhood in favour of world government. Now those of us in the know have never been puzzled about … Continue reading

Wednesday, March 17, 2021

 

 

Identity politics has morphed into identity investing: the newest breed of traders buy stocks simply because they are fans. This is one explanation offered for the continuing rise of Tesla despite the incresingly apparent evidence that its founder and big boss is certifiably insane and the fact that the electric car maker runs is car making operation at a loss and only stays in business by selling carbonm credits handed out by the US Government and various state legislatures, including the global capital of crazy, California, New York state, Illinois and every other corupt, Democrat controlled shit hole.

That Elon Musk has recently anointed himself the Technoking of Tesla while rebranding his chief financial officer as “Master of Coin,”  the title held by Littlefinger, Tyrion Lannister and other characters in Game Of Thrones is not a joke. It’s not even (or not just) an attention-seeking stunt. There’s much more to it than that. However Musk's move has triggered the latest wave of enthosiasm among electric car nerds and tech cult members for buying shares in Musk's great bubble.  

Some have suggested Musk’s idiotic antics over job titles are a ploy to divert attention from the many downsides of Tesla’s performance, the upsides of which exist only in the minds of Musk and the millions of tech fanboys (and a few fangirls,) who believe every bit of hyperbole that spills from his mouth, viz Musk's splashy announcement last month about a $1.5bn bet on Bitcoin which came around the same time as regulators in China, its fastest growth market, were flagging safety and quality issues but triggered another uptick in the price of Tesla stock on financial markets when the news from China should have caused a sharp drop as China is the car company's biggest market.

The latest whacky disclosure coincides with a report from Barclays Investment Bank that shows Tesla’s share of the electric car market in Europe dropped from roughly a third at the end of 2019 to 10pc at the beginning of this year. Tesla is also having problems both technical and legal, with its “self-driving” feature, which, pardon me if I’m being a bit too technical here, when I say that it is effing uselesss. The legal issues mainly concern the families of tesla owners killed when the self-driving technology failed with fatal consequences.

Maybe there’s a diversionary element to it but this kind of tactic on planet Musk is a strategy. You could call it corporate populism. He's telling the faithful what they want to hear.

His Techno Highness regularly demonstrates that he has less than zero interest in governance norms, customer satisfaction or in the traditional conduits of financial information - like bank analysts or the media - instead playing to the crowd through social media (and subversive SEC filings).

Elon Musk updated his Twitter profile to describe himself as the 'Technoking of Tesla'
Elon Musk has changed his job title from chief executive to 'Technoking' of Tesla

It works because the crowd is big enough to make a difference and gullible enough to fall for it again and again. The number of retail investors, the majority of whom are under the age of 34, doubled in 2020, the generation that does not understand there's a big difference between researching something and Googling it. The significance of this trend towards young, independent invetors buying and selling small quantities of stock has only recently become apparent. Encouraged by social media campaigns particularly on the Reddit site, retail investors have accounted for a third of all US stock market trading, meaning they collectively yield greater sway than every single hedge fund and mutual fund in the country combined.

Many of these investors aren’t doing rigorous financial analysis. If they were, they’d be worried that Tesla has a p/e ratio ( a company’s share price expressed as a multiple of how much money it actually makes) of 180x. This compares to an average among US equities of 19x, UK, Germany and France about the same, according to analysis by Schroders. 

At the end of January Tesla was worth $752bn, placing it in the top 10 most valuable companies in the world. In fact it now represents over a third of the market value of the entire global car industry. This is a vast overvaluation for a company run by a nutter that is in reality a niche car maker.

“Such an immense market capitalisation makes sense only if the expectation is that Tesla will come to dominate the entire auto industry, not just the [electric vehicle] market,” says Rob Arnott of Research Affiliates. “Such an achievement requires that both Tesla’s brand and technology become so dominant that the company can earn profit margins that exceed those of Ferrari on a level of production exceeding that of Toyota.”

That ought to sound a bit far fetched even to Musk's biggest fan, it certainly does to one of his biggest rivals Akio Toyoda, President of Toyota, which is memory serves me well vies with Ford and Volkswagen for the unofficial title of world'd biggest car maker. It would clearly be impossible for Tesla to dominate the car industry in such a way while its rivals also continue to see their share prices rise whenever a new EV is announced. And yet that is what the soaring share prices of other EV specialists over the past year and the relatively stable share prices of traditional car markers currently implies. In other words, investors appear to believe there will be no losers from this ultra-competitive race to go electric. In the future there will be no losrs only runners up! How very woke!

This irrational obsession with electric cars is a classic example of what the financial trading community call the “big market delusion”, which usually happens when a new market is created or an old market disrupted through innovation. All the different players get valued as if everyone will win because nobody knows how things will play out. The cannabis market where shares in firms that sell cannabis based products in US states where the drug has been legalised is another example.

Of course, Musk would argue that Tesla is not just another carmaker but a software-enabled business that will overturn the old economics of the industry before turning its sights on robotaxis, self-driving trucks, battery technology and more. Indeed, his new job title kind of makes exactly this point. 

But the short-sellers in the established sector of the market who are betting on Tesla stock prices falling dramatically aren’t convinced. It’s not that they think Tesla is a bad investment at the right price. Clearly the future is electric with western governments calling time on the internal combustion engine. But the sceptics believe that the company’s share price has gone way beyond a basic appreciation of those facts. And their logic is sound. There’s only one problem. 

 Tesla doesn’t have ordinary consumers and shareholders but fans. And, as any follower of English football will tell you, the well from which a true fan draws their misplaced optimism is almost fathomless. But the Tesla bubble is something different again. Apart from being fans of Tesla, fans of Technology and fans of fantasy fiction, many of the new breed of investor understand that they are behaving irrationally while co-ordinating campaigns on social media and entreating each other to hold onto stocks with “diamond hands” even in the face of overwhelming evidence they should sell. 

The traditional investor was looking for a reasonable risk-adjusted return in order to fund their retirement. The new breed rallies to a banner emblazoned with the acronym “YOLO” – you only live once. They are not investing in Tesla because of its p/e ratio or in the hope that sky high share valuations go interstellar; they are investing because of who they are and how it makes them feel. They are investing because Greta Thunberg. They are not investing in business but in causes, to sen a politicical message to ......... we're not sure who. 

Identity politics has morphed into identity investing. And there are signs this new brand of shareholder won’t be put off by the next big market correction as their predecessors were when the dotcom bubble burst. 

A recent survey of US retail investors conducted by Deutsche Bank found that respondents are planning to invest over a third of any stimulus cheque they receive from the Government in equities (is that a money-laden helicopter I hear?) and will treat any sell-off as a buying opportunity.

The very fact that Deutsche Bank conducted such a survey clearly demonstrates that traditional market participants are starting to realise they need to figure out a way of analysing the phenomenon and incorporating it into their own models.

The default assumption must remain that economic gravity will reassert itself in the end. But it may take a lot longer than we mere technosubjects had supposed.

But a cautionary note for potential investors on Musk's "achievement" in getting Tesla into profit. All Tesla's profits to date have come from selling government issued carbon credits to conventional auto makers that have not achieved the unrealistic targets set by 'woke' politicians for reducing emissions. So hailing Tesla's incursion into profitability is a fraud, they are still losing vast amounts on auto making operations.


The carbon credits system is itself a fraud, as independent analysis has shown the shift to electric propulsion does not reduce emissions, it merely shifts them away from the back end of the vehicle to pre - build processes such as mining and processing cobalt and lithium and other rare earth metals and the equally polluting battery manufacturing process.
This article on investors website The Motley Fool explains how Tesla's business model is dependent for its profitability on government handouts.
https://www.fool.com/investing/2020/07/26/teslas-biggest-profit-driver-isnt-sustainable.aspx

 

RELATED:


 

RELATED:

VW Audi Suspends Electric Vehicle Production Due To Battery Shortage
Today in “news that affects all electric vehicle manufacturers”, Audi has announced that it has suspended production of its e-Tron electric SUV effective February 20 and won’t resume untilfurther notice. The suspension has been a resolve of “resolving production issues”, which are mainly attributed to bottlenecks in battery supply, according to Business Insider.

Tesla Stock Hit After German Regulator Warns Self-Driving Cars Are Unsafe

While the Tesla company and its Ubernerd founder Elon Musk have for several years been the darlings of the stock markets and the media, things may be changing. Like most technology startups, Tesla talk a good launch but fail to deliver real results. Since the cars launched to widespread admirationed at the elegant design, and open mouthed shock at the huge price tags and ...

House battery to store energy will 'change entire infrastructure of the world' - or maybe not
Another costly new product hailed as a breakthough in technology, this time a clutching-at-straws exercise from the failing electric car company Tesla, completely fails to live up to the hype under scrutiny. Hailed as a super battery, a mjor advance in battery technology that will change the world to store power for a household, it turns out to be nothing more than a streamined car battery. It will run the average home for about 2 hours.

Google Self Driving Car Can't Drive Itself
A lot of nerdy types have been getting very excited about the self - driving cars being developed by Google. Being nerdy they are not making such a fuss about the decent looking rides being developed by the likes of Mrecedes Benz, General Motors and Toyota. No, it's the Google wankermobile that turns them on.

All The Reasons You'll Ever Need For Not Buying An Electric Car As Tesla Electric Car Turns Into Firebomb after Collision.
The electric car thing will not go away will it, ever since the science tits who work for Big Tech started proposing that electric cars are the future it has been proved many times in many ways that they are not. Cost, extremely limited range and safety are mong the reasons. And here as a Tesla goes up in smoke, is another ...

Google Car Driverless Because No Sane Person Would Be Seen Dead In One
A few years ago Google boss Eric Schmidt said the company's aim was to get as close to creepy as they could without crossing the line. Well they had crossed the line long before he said that. The latest Google wirdness is the much hyped driverless car. It looks as if it was designed by a five year old. On the other hand it might be the ideal car for paedophiles who want to go cruising for jailbait.

Electric Car Mini Adventure
Keep The Engine Running
Just Drive
Driver Friendly Roads
Rare Earth
Reasons To Hate The Toyota Prius
Renewable Energy Con
V2G Technology

Ford Warns Electric Cars Are Only For The Rich
German politician calls on facebook to abolish free speech
A German politician has given the clearest indication yet that the political elites of the free world are ideologically much closer to Adolf Hitler's National Socialists than the social liberalism they claim to support. Free speech is the basis of all liberal democracy. Heiko Maas, the German justice minister has has written to the Facebook it removes “xenophobic and racist” anti-migrant posts from its website and apps., has written to the company to demand an urgent review of its policy over hate messages.

Free Speech Is Being Murdered By The Media And Left Wing Authoritarianism
Without free speech there is no democracy. Without democracy there is no freedom. But all over the developed world free speech is under attack from politically correct politics. It is time to start resisting, do not believe the propaganda published by mainstream media, question everything and make up your own mind. as The Buddha said, "Believe nothing you read or are told unless it agrees with your own experience and common sense."

Farage Reckless Facing Rabid Left Wing Fanatics
Following the defection to UKIP of Conservative MP Mark Reckless, who yesterday shocked the media and political establishment (everyone else knew it was on the cards.) by announcing his switch from con to Kipper from the podium at the closing session of UKIP's conference, the Kippers latest recruit and his new leader yesterday faced angry but ineffectual protests

Farage Reckless Facing Rabid Left Wing Fanatics
Following the defection to UKIP of Conservative MP Mark Reckless, who yesterday shocked the media and political establishment (everyone else knew it was on the cards.) by announcing his switch from con to Kipper from the podium at the closing session of UKIP's conference, the Kippers latest recruit and his new leader yesterday faced angry but ineffectual protests

Obama administration ‘blocking' information from the press
Uncovering information that should be available to the public has become increasingly difficult under the presidency of Barack Obama, an Associated Press bureau chief says. In some cases, it surpasses the secrecy of the George W. Bush administration. The White House's penchant for secrecy does not just apply to the federal government, according to AP's Washington bureau chief, Sally Buzbee.

Western Hypocrisy In Reporting News about Ukraine And Russia
The opening paragraph of a CNN report on the latest developments in the crisis in Ukraine illusrate perfectly the hypocrisy of Western media in the way they cast Russia as the danger to world peace and America as bringer of freedom and democracy. In fact in the crisis over the US attempt to draw Ukraine into NATO the positions taken by the USA abd Russias are the opposite of the 1962 Cuban Missile Crisis.

Scandal hit Rotherham ‘deleted abuse files’
In a move that puts them among the contenders for lying, self serving shits of the decade, but still in a league of their own un terms of complete and utter shittiness, it has emerged that the scum sucking scab lice of Rotherham Council's controlling Labour group and the public servants they employed had deleted files in order to cover up their complicity in the blatant and systematic child abuse perpetrated under the noses of council officials.

Centralized power - the worst of all possible worlds
The centralization of power over the past few decades in nations of the developed world has led to the evolution of a sociopathic managerial class formed mainly from the old petite bourgoisie who have now gravitted to public sector careers where their delusions of social status and the unaccountability of office lead them to abuse such power as they have.

Kick Political Correctness Out Of Football
As another football versus politiocally correct authoritarianist brings 'the beautiful game' even further into disrepute, we wonder is it time to kick politically correct authoritarianism out of sport.

Intrusive Surveillance Technology, Internet control freaks and The Orwell-Huxley-Dick Dystiopianometer
Are privacy campaigners right to be worried about intrustive internet technology and the massive databases that log our behaviour and parse the data for patters that enable us to be targeted for advertising? Should we bee worried by surveillance or are those that raise doubts just scaremongering? The Orwell-huxley-Dick dystopianometer is rising.

So Who Is Anti - science? Those Who Question Climate Change Or Those Who Would Abolish Free Speech
It was looking as if the global warming scare was dead, then that Nazi shit Barack Obama, seeing his dream of being President Of The World slipping away, gave his science whores enough money to enable them to kick some life back into it. Now the "science" lobby, unable to put together an convinging argument against their challengers are demanding the abolition of free speech.

New World Order War On free Speech Comes To Britain - Guardian editor accused of treason
The right to free speech is under threat from intolerant, authoritarian elitists, call them The Illuminati, New World Order, Scientific Dictatorshgip, Global Elite, whatever. Their goal is absolute power and they know that while the right of free speech, the free press and free access to information exist they cannot succeed.

How academic debate is suppressed on science topics like Climate Change, GMOs, Pesticides and Toxicity of medicines
Intellectual intolerance and the supposed superiority of the scientific education have led not just to the politiciisation of science but to it's being seduced by corporate money and political power. Science was ever fascism's whore of course and the egos of scientists are easily bought. This has led to a very unhealthy emergence of dogmas and orthodoxies and an intolerance of the dissent that is essential if scientific research is to have any credibility.