We're going to see massive inflationary pressures in the food space because Europe screwed up its natural gas policy.
Natural gas is a direct and critical input into fertilizer, which is going to lead to increased grain prices.
@DoombergT
What are the implications of Pelosi's visit to Taiwan?
Find out what is really going on from experts
@DAlperovitch
&
@ElbridgeColby
hosted by
@kofinas
TONIGHT on Twitter Spaces at 7:30 PM EST
The purpose of the WIV database was to catalog viruses found in nature and use them to predict the next pandemic.
Now that a pandemic has actually happened, why aren't these same scientists willing to share that database with the world?
@Ayjchan
It’s a misperception that $TSLA shorts are “in it for the money.” There are easier ways to make money. $TSLAQ shorts believe that lying to investors, faking product demos, and intimidating critics is not OK, even if it has helped move the market for EV’s forward in the process.
It's gross seeing so many root against Tesla. Be the person on the side of the climate and innovation, not the person hoping to make money on puts.
Also, betting against Elon is historically a mistake...and the best product usually wins.
This week,
@CoveringDelta
speaks w/
@TeslaCharts
about an emergent network of outraged professionals who have come together to bring down the "biggest single bubble in this whole bubble market” and pull off the crowdsourced short sale of the century. $TSLAQ
When the US raises interest rates, it affects the whole world. The US domestic economy needs tight money & the rest of the world needs dollar funding. I don't think this gets resolved w/o pain & when pain happens, the dollar goes higher.
@SantiagoAuFund
We are extraordinarily pro nuclear energy. Nuclear energy is safe. The nuclear waste problem is solved. People who tell you differently are either ignorant or not being authentic.
@DoombergT
With long-anticipated inflation on the rise, the Federal Reserve is faced with an impossible dilemma: stem the inflation and risk a collapse in asset values or keep the party going and risk inflation running out of control.
@GrantsPub
joins
@kofinas
tomorrow to discuss his take.
Why does it seem like we see the world so differently these days? And why can't we seem to agree on almost anything?
We discuss the forces that have lead us to this moment and the strain of paranoia spreading like a virus through the body politic in this week's episode.
At some point, markets will shift from a relative value mindset to one of absolute value.
It is very difficult to predict when this regime shift will happen. If you understand it quickly enough, you have time to get back on-side.
@elerianm
“I’m very concerned that our society is much more interested in information than wonder. In noise, rather than silence. What can we do, to encourage people to have more quiet in their lives, more silence? Real revelation comes through silence.” - Fred Rogers ❤️❤️❤️
This week,
@Kofinas
speaks w/
@esaagar
&
@makosloff
of the
@RealignmentPod
about WTF is going on in America—why our political dysfunction, public distrust of institutions, and anxiety about global conspiracies only seem to be getting worse.
On this week's episode,
@CoveringDelta
speaks with
@Billbrowder
, once the largest foreign investor in Russia, about the murder of his lawyer Sergei Magnitsky at the hands of the Russian government and what it's like to be a public enemy of Vladimir Putin.
This week,
@kofinas
speaks w/ Jim Grant, editor of
@GrantsPub
about the history of inflation, what we know about its causes, and what its persistence could mean for interest rates, asset values, and the valuation of your portfolio.
Listen to
@FryRsquared
recount the incredible story of
@Kasparov63
’s historic loss to IBM’ Deep Blue and what it says about our relationship to technology. The full episode is available at
"I've always believed that Putin is a gambler...He's gambled everything on this conflict with Ukraine and in particular, he has gambled Russia."
@DAlperovitch
The real-time history of the COVID-19 pandemic is still being written.
But our conversation this week w/
@ScottGottliebMD
provides key details into what went right, what went wrong, and how to ensure that we are better prepared the next time this happens.
This week
@kofinas
speaks w/
@DoombergT
to discuss a wide range of topics including the unfolding energy crisis, the impending food crisis, lockdowns in Shanghai, investment opportunities in uranium, and the future of the global monetary system.
To understand how history might unfold, you must understand the importance of energy.
This week,
@kofinas
is joined by
@HelenHet20
to discuss the political economy and history of energy, the politics of national identity, and the causes of inflation.
One of the ways that the social media mobs work to cancel ideas is to attack the person. And if you're anonymous, the only thing that's left for people to attack are the ideas.
And we're happy to defend the ideas we've written about.
@DoombergT
The path function in the energy transition really matters. If we get it wrong, people could starve; they could freeze.
Energy is life. When you change the energy inputs into society and humanity, there's going to be unexpected outcomes.
@DoombergT
Energy is life. Therefore, energy policy ultimately reduces down to who lives, at what quality of life do they live, and who dies.
The choices we make in energy, in a very raw and real way, ultimately reduce down to those consequences.
@DoombergT
"The one group of people that we know visited caves and mine shafts in southern China, who sampled bats, and who went straight back to Wuhan, were scientists...that’s what they’ve been doing for the last 10-15 years."
@mattwridley
Today's international monetary system is the result of four hundred years of consolidation in banking networks, clearing houses, and exchanges. The destruction brought about by WWII laid the foundation for a new, gold-backed system of fixed exchange rates that arguably...
Something I have been talking about. It won’t be Libra, but it will be similar (and yes, it’s good for bitcoin and gold). I talked at length on the
@HiddenForcesPod
podcast about my views on this,
Wuhan is a surprising place for this virus to turn up.
How did a bat virus from southern China make it to Wuhan? What was the route by which it went there and nowhere else?
Because it didn't pop up in any other cities along the way...
@mattwridley
The corruption of our institutions in the West shouldn't be ignored or minimized. Just look at the Federal Reserve's insider trading scandal.
Imagine being almost certainly a centimillionaire and imagine that not being enough.
@DoombergT
Montana Skeptic breaks his silence for the first time in this exclusive, on-camera interview about
@Tesla
, the recent SEC fraud charges leveled against
@elonmusk
, the DOJ criminal probe, and the perils of apotheosis. $TSLAQ $TSLA
In this timely episode,
@CoveringDelta
speaks w/
@eddiemac3356
about the latest legal and financial woes plaguing $TSLA including recent allegations against its CEO Elon Musk. The two are joined midway through by a surprise guest with a lot to say. $TSLAQ
"This story is crazy, but it’s emblematic of a much larger decay in the most basic principles of capitalism.
It’s a system that now prioritizes raising money over turning profits. It rewards storytellers over businesspeople, price over value." —
@kofinas
In a world of abundant information, "learning how to learn" becomes of paramount importance. Venture capitalist
@wolfejosh
shares his process for dealing with information anxiety on this week's episode of Hidden Forces.
“I do think we're at a very dangerous point in American life, where if everyone does what is reasonable and rational according to their incentives, we are completely and totally fucked.”
@AndrewYang
Russell Napier joins us on the 24 yr anniversary of the Asian Financial Crisis to discuss its legacy, its causes, its lessons, & the consequences of the forces it unleashed upon the world that we are still grappling with today.
cc:
@ERICresearch
@kofinas
If you buy a share of Alibaba today, you're buying ownership in a Cayman Island entity that has no claim to the assets in China. If things go poorly, you, the American shareholder of $BABA don't own a thing. People need to understand that. -
@Jkylebass
This week's episode is a hard-core exploration by
@CoveringDelta
of the technological, political, and economic arguments in favor of bitcoin's inevitable rise as the next global currency standard with prominent bitcoin maximalist
@pierre_rochard
#bitcoin
At a certain point, I got tired of waiting for the collapse. I got tired of waiting for the bubble to revert back to some steady state equilibrium that more properly reflects reality.
I question now why I ever had those models in my head.
@kofinas
Are we headed into a recession, more inflation, or both?
This week
@EPBResearch
uses secular and cyclical trends to assess where we are and where we are going with enormous implications for your portfolio.
The more forward-looking and innovative the idea, the less likely people are to believe in it. If an idea is truly disruptive, you don't need to worry about anyone stealing it.
@wolfejosh
In next week's episode, a little green chicken with its own Bloomberg terminal joins
@kofinas
for a conversation about the power of independent voices in media & how to make it in the ‘gig economy for brains.’
cc:
@DoombergT
Is it ever ok to not “trust the science"?
In this week's episode, we look at what happens when you have an illness that the medical establishment says doesn’t exist and the lengths that some people will go to cure it.
“So many intimate moments that were previously sacred have become monetizable.” -
@kofinas
Is this another symptom of our narcissistic society or just the natural evolution of consumer capitalism?
The danger with living more of our lives online is that we dissociate from the world that nurtures us and upon which our very lives depend, sleepwalking our way into tragedy by thinking that “someone else will solve the problem.”
@kofinas
“We're looking at four to five million barrels of Russian crude being taken offline at the same time. It is the single largest disruption in energy since we had modern energy starting in 1946.”
@peterzeihan
This week,
@CoveringDelta
speaks w/
@EpsilonTheory
about the power of narrative and how it is used to guide and shape our behavior as investors. Topics include the great financial crisis, identitarian narratives, three-body problems, and crypto ideology.
The energy transition has become so politicized and politicized by people that have no relevant training in the industries that matter. We inevitably get the worst of all possibilities, reducing energy policy to the lowest common denominator.
@DoombergT
The EcoHealth Alliance's "Predict" program has the mission to "hunt viruses" in order to protect lives and advance our scientific knowledge about all of the viruses in existence.
This work continues to be very highly funded.
@Ayjchan
#OriginOfCovid
You will never do anything in this world without courage.
But how does one become courageous?
This is the topic of this week’s
@hiddenforcespod
. Tune in Monday!
If you find yourself persuaded by the thesis that long-term, structural supply forces will be bullish for commodities over the next 5-10 years but aren’t sure how to get into the trade or transition your portfolio, this episode is for you. 🔥🔥🔥
@TgMacro
In this episode,
@kofinas
speaks w/
@S_Mikhailovich
about his experience living in the Soviet Union, how that experience informs his investment philosophy and why he sees gold as the ultimate OTM put option on the failure of extreme monetary policy.
I’m happy to discuss Tesla balance sheet. Financials. Everything. Mono e mono on
@CNBC
any day of the week Jim. Enough talk. Let’s do this.
@jimcramer
vs
@GerberKawasaki
live on
#CNBC
Don’t be scared Jim. Calling you out.
@elonmusk
$tsla
We've just released
@ethereumJoseph
's long-awaited mixtape, featuring conversations on layer 1 & 2 scaling solutions, SEC regulations, artificial intelligence, and the hottest upcoming DApps that will run atop
@ethereum
"One of the problems that we have today is that these social media platforms—which are effectively the public squares of the age—are adversarial environments. They are not open town halls for discussion, and that's a big problem." -
@kofinas
You've lost over 6% of purchasing power in the last year that you will never get back.
That's the feature of this paper money regime that people don't talk about.
It's like a ratchet, only it doesn't ratchet backwards.
@GrantsPub
In this week’s episode with investor and macro-financial strategist
@aitkenadvisors
we discuss the impact of ESG mandates on the energy market, monetary & fiscal policy, the post-COVID economy, Chinese DCEP, opportunities for value investing, & much more.
The price elasticity of demand for energy is the price elasticity of demand for life and who can afford to pay it is the ultimate expression of income inequality.
@DoombergT
Many engineers aren't aware that they're building technologies that essentially brainwash us.
Instead they’re thinking, “The large internet company I work for wants to program the content so that users click more. Seems completely reasonable.”
@kaifulee
Central Asia is a fascinating, strategically important, but often poorly understood region.
@kofinas
asked Kazakhstan-based journalist and author of "Dark Shadows"
@joannalillis
to help explain its importance to us on the podcast this week.
Gordon Johnson has been called the biggest bear on Tesla by Bloomberg and CNBC. Learn why he has the lowest price target on the street for the electric car maker and why he believes Tesla could soon be headed for Chapter 11. $TSLA
It surprises me that there aren't more scientists calling for this virus database to be released.
We continue to fund these efforts with no measure in place to make sure that when a pandemic actually happens, this information is made available.
@Ayjchan
There comes a time when markets get so high that they run out of buyers, the narratives become self-evidently nonsensical, and no amount of hype can sustain them.
So there’s always an end to all of these booms.
- Jim Grant
Tesla was founded in 2003 by Martin Eberhard & Marc Tarpenning with Musk joining a year later.
We dive into the electric car company's origins, along with all of its successes & failures along the way to becoming the most valuable automaker in the world.
Hedera CEO
@ManceHarmon
met with
@davidmarcus
of Facebook in February 2018, and shared their vision for
@hashgraph
including the technology roadmap, the importance of a governing council, etc. Clearly, Zuckerberg panicked. Can you blame him?
#HelloFuture
Musk’s approach to many manufacturing issues was, and still appears to be, keeping the assembly line moving while line problems are being fixed.
That may be one reason why the quality of Teslas is so variable — why buying one can feel like a crapshoot.
There's always a need to structure reality. I think the difference today is that the structure is created by social media algorithms whose nihilistic logic is impervious to reality.
@kofinas
A new episode of Hidden Forces drops tomorrow with fmr. CEO & Chairman of Google Eric Schmidt.
We explore the technical dimensions of artificial intelligence, its national security implications, as well as the philosophical challenges it poses for humanity.
🔥🔥🔥
This week marks the 200th episode of Hidden Forces by
@kofinas
🎉
Words cannot express the appreciation we feel for your listenership & support over all these years.🙏🏻
Which have been your favorite conversations on the podcast?
Any guests you want to hear from in the future?
Only 28% of Americans are happy with the U.S. Congress.
Yet 92% of Congressional members get re-elected.
So the game is not to win a general election, the game is to avoid getting primaried.
@AndrewYang
Post-scarcity describes a world where everything is free and jobs become optional.
I certainly don't think we will get there in 20 years but we can take a couple of solid steps.
When that happens, money definitely becomes less important.
@kaifulee
This week,
@kofinas
sits down with one of the anonymous creators of
@DoombergT
to discuss the power of independent voices in an era of declining trust in media, how to grow a brand, and the need for a human centric energy transition.
Social media is a very recent phenomenon. And I hope it's a phenomenon that's in the process of burning itself out, because I think we'll be better off without it.
@EasterbrookG
Imagine a world where technology is no longer a tool but rather the host organism in which humanity resides. We explore this and other fascinating perspectives on Monday's episode with
@timoreilly
. Subscribe at
"To be rich is to be energy-rich, and to be poor is to be energy-poor.
So if you have richer people asking poorer people to reduce their energy consumption, that's a pretty politically tricky thing to do."
@HelenHet20
"The point I think that I would make is that all of America is a taker society, because we have not paid for these wars. That $5tn that we’ve spent on Afghanistan, Iraq, Syria, Libya, etc. has been borrowed. Nobody is paying for it." —
@joshua_landis
After the Great Financial Crisis, the Fed, who never confessed to error, gained a great deal more power.
There is no other company on earth that is that bulletproof. One that could fail and fail upwards, only to gain more prestige, more power.
@GrantsPub
Vance Spencer shares his vision for the future of the
#metaverse
in this week's episode. He argues that the staying power of the metaverse will ultimately be an on-chain digital economy that employs hopefully everyone.
@pythianism
1/ I began Hidden Forces two years ago with the goal of bringing an interdisciplinary perspective to the worlds of science, technology, and investing. I have declined sponsorship opportunities in favor of listener support. Help me keep the show ad-free.
Journalist
@robbysoave
, who has been at the center of the biggest news story in America, joins
@coveringdelta
to discuss the BIGGER story of how a group of Catholic school students from Kentucky became cannon fodder for a morality play gone wrong.
What’s the difference between knowledge and opinion? Reality and perception?
Next week's episode on "mental immunity" will teach you how to protect your mind from the spread of misinformation, bad ideologies, and the epidemics of nonsense that are sweeping our world.
The real opportunity in media is in the synthesis. That's where existing institutions are failing us.
We need a new approach to synthesizing information that helps us make sense of the world because right now people seem increasingly scattered.
@Kofinas
The reason people don't sell their legacy tech longs is because they're addicted to the performance that they have given out.
You tell me, has the world changed since you invested in these tech stocks or has it not?
@tgmacro
🔥🔥🔥
Back by popular demand,
@profplum99
makes an appearance after markets close on Friday to give us his take on the recent coronavirus melt-down and what our reaction to this pandemic says about what's broken in our society and how we might fix it.
I asked
@profplum99
to come back on
@HiddenForcesPod
for a timely conversation about the recent market melt-down, the unprecedented lock-down of Western societies and what this pandemic tells us about the resiliency of liberal democracy.
“This entire business model of trafficking people's attention and trading clicks for ad dollars is toxic; it shouldn't exist. It's one of those things that's clearly horrible for everyone except for the very few people who can profit from it.” -
@kofinas
The best quantum computer to date has over 200 qubits.
A 4000 qubit quantum computer would have the capacity to break into ALL
#Bitcoin
wallets.
When might that happen? According to
@kaifulee
, possibly within the next 20 years.
This is a question we openly pondered ourselves in a recent episode w/
@RaoulGMI
on "The Future of Global Money." It is the biggest trade of our generation. Getting it right may be the single most important decision that you will ever make in your lifetime.
We want there to be someone in charge. We want to believe that what's happening is the unfolding of some master plan. We don't want to think that events are just happening based on distributed decision-making that no one can anticipate.
@EasterbrookG
Will
@andrewcuomo
use this story in
@VanityFair
about the disaster that is the Buffalo plant to take responsibility for New York State’s $750 million blunder?
The INSANE story of how
@elonmusk
gambled Tesla’s future, his reputation, and the trust of his investors (not to mention putting himself in legal jeopardy) in order to bailout SolarCity by
@bethanymac12
cc: $TSLAQ $SCTY
It's almost like race, gender, & other minority markers are used as loopholes by politicians to divert the public's attention away from the deeper, more universal, and arguably more consequential forces.
Specifically, those of money & power.
@kofinas
The US invented cellular technology and along with European equipment makers, dominated the telecom equipment space until the early 2000s.
But Huawei, a Chinese company, is now the biggest player in the industry.
How did that happen?
We tell that story in next week's episode.
The manner in which we take ourselves off fossil fuels and replace them with more sustainable approaches is important.
And if you get the path function wrong, then the ultimate utopia of some hypothetical end state may never be realized.
@DoombergT
Inflation has been traditionally defined as "too much money chasing too few goods."
But what do you call it when “too much money is chasing too few good ideas?"
This is what our upcoming Hidden Forces episode is all about.
Tune in Monday to find out!
In the Overtime,
@kofinas
,
@esaagar
, &
@makosloff
discuss the consequences of a multi-decade breakdown in belief systems driven by institutional failure and mounting public distrust in authority.
100 years ago, on the eve of World War I, 4-5% of the world economy was based on trade. In 2019, that number had increased by more than 5x to 26%.
This week, we take a look at what made these gains possible and what happens if they start moving the other way.
Want to learn about the nature, motivations, operations, & objectives of the Chinese Communist Party?
Join
@kofinas
&
@joshrogin
for an eye-opening conversation that you won’t want to miss on the most important challenge of the 21st century.
Learn more:
Want to understand what motivates the community known as $TSLAQ? Listen to
@CoveringDelta
's episode w/
@TeslaCharts
and
@eddiemac3356
, as they discuss "the realization" and why there is more to the story of $TSLA than the public has been led to believe...