E144: Biden targets Elon, BRICS challenges the West, Tiger hit piece & more

Well, this isn't preventing Germany from sliding into a massive recession because they're not able to get cheap energy anymore.

why Germany has such a difficult issue is because they turned off NatGas, they turned off the reactors, and there's just not enough solar installed right now. It's also a cloudy country.

if you look at nuclear, we just had a bunch of, I think it was senators signing a bill. I think you might have tweeted it, Chamath, of support of nuclear, 21 nuclear power plants are being directed at this moment in China, eight in India. The United States only has one, which is kind of an extension.

if you're going to investigate Tesla over this, like people can buy and trade the stock however they want. Like there seems to be some Biden administration, you know, like jihad against Elon.

I think that when Elon bought Twitter, what effectively happened is the biggest PSYOPs organization for the Democratic Party was taken away from them. ... And so this is the sort of death by 1,000 cuts approach that the blob has of trying to bring him down. And so you see a DOJ lawsuit over here. It's nominal, but whatever. Then you're going to see the SEC investigation over $50,000 of glass.

But I'll tell you when it all began is that Biden had a press conference where he said that Elon needed to be looked at. ... So this was the signal to all of the ambitious apparatchiks in our law enforcement agencies who are looking for advancement that he's the target, go after him, find something. Now, in fact, they couldn't find anything. So they look at his relationship with other countries and what you would expect is that maybe he hired some foreign nationals he shouldn't have, but it was the exact opposite. They didn't hire foreign nationals. So then they make that the crime.

The Trump people are actually promoting it because they want Trump to be up against a bunch. They want it to be up against a field, not against one.

three people at 10 to 15% is better than one at 30 I think that's probably correct

My big comment in my thread is just more that I think that the regulatory support in the United States for nuclear is so constipated that it's impossible to get it done. So you could have the greatest technology in the world. I just don't see how the laws change fast enough and the zoning changes fast enough and the NIMBY-ism goes away to make these things viable.

We have plenty of companies building these new nuclear reactors.

And the people who are attacking him now are all these neocons. It's basically the whole military industrial complex. It's all the bought and paid for politicians and think tanks who want America to be in these forever wars. So I think he's being attacked by the right people, and that's going to help him.

India GDP is going to be 7% a year. They're off to the races. They're on a rocket ship. They're doing everything right.

Alex Spiro is going to have a job for the rest of his life. That's his lawyer from Quinn Emmanuel. And Alex is going to beat these things back. And generally Alex will win most lawsuits.

If Brics adds Venezuela, Algeria and Kazakhstan, as they may do as soon as next year, they'll control 90% of all oil and gas traded globally. ... The other big thing that I think Brics is doing is they have this five to ten-year goal of allowing Brics members to settle trades in local currencies. ... The goal here is not to create a new reserve currency. It's simply to create a way to bypass the dollar complex. They're trying to break the petrodollar monopoly.

I think the fact pattern in that organization is pretty poor. ... That bank has not disbursed a single dollar in 23 years. They tried to create a joint program to lay undersea fiber amongst these countries, hasn't even started. ... I think the problem is that the actual amount of legislative coordination that these countries has been able to exhibit has been literally zero. ... And if you look at Swift in July, the Swift volumes on US dollars was the largest ever.

What I think is most important is the signal that's being given, which is that there is a desire by a larger percentage of global GDP than is represented by the G7 to de-dollarize. And so while these intentions may be difficult to translate into policy in the near term, that signal says a lot about the influence and perhaps the policy of the US in addressing and dealing with a lot of these countries and global economic actors.

But they should make their own euro. If they feel so strongly that they're a great voting bloc, make a euro. And then they could all put into it. And you can see what happens when a bunch of dictators and a long tail of failed states now share a common currency. It's not going to work.

oil is, of course, a declining commodity with renewables and nuclear and people are going to rely on it less

The US is already roughly energy independent. We produce about 20 million barrels of oil a day, and we consume about 20 million. ... So oil is still going to be huge. It's the number one global commodity.