Oldy Enough 2 years ago when Kaiser was talking about trying to squish the silver market and then rehypothecating their way out of it. It got me thinking since they're clearly setting up an infinite fraction that's how they apply things like theta decay. What would happen if we did that to one a low float. And second a party that also has a bidspread in a trade that's treated like a ARB trade but really isn't and three dirty underhanded leverage deals like buying it in the private bond market while you pretend to bankrupt the equity. What if all the retail hopped on the other side of that trade like $AMPE ampio pharma worse it was a bad reputation so as soon as the price went up a little bit they would issue out way more short shares than it was sane. When you compound this with the fact that short selling now cost more money because of interest rates. You may have your circuit breaker you've been looking for Ampio pharma $AMPE
It is kinda funny how authority is often transferred. The wealth and nature of Tech is likely what makes California have the vibe of being the future. But that credibility is piggybacked on by politicians who aren't really suited to building or changing anything in a good way. They want comfort, but don't realize that comfort too must be earned.
The way he framed the elites wanting homelessness, defund the police etc because it pushed up their home prices located in the areas away from all those issues was spot on.
There’s a lot to hate about Bill DiBlasio, but at least he was aware enough their scam to keep trying to put the homeless in expensive hotels on the UWS, instead of trying to send them out to Queens, or some other, redder, more middle class part of NYC.
The idea that the housing crisis is somehow a partisan issue isn't supported by any of the available facts. It's fairly uniform from region to region. It tracks with practical things like which cities provide services to them and which places have favorable weather for living outdoors. If one party or the other had some unique solution we should see places with dominant red or blue influence showing some remarkable per capita difference. Either by city, state or county depending on which sort regulations we are considering. That doesn't bear out by survey.
California has had budget surpluses in recent years, paying down debts early, cash reserves are full of money to tide them through the next recession, and pays more in federal taxes than they receive in federal funding.
Every time I listen to Peter Thiel I learn something new or have a new framework for viewing reality. It’s unfortunate that the smartest people in the world do not consistently publish content. I think I understand why: ideas and new ways of thinking take thought and study. New ways of looking at the world don’t happen overnight; they take thought and reflection. And I guess it makes it that much better when I see a new Peter Thiel video.
I gotta say as a center-left guy, I appreciate Thiel's perspective because he gives a different view of things that aren't just the same regurgitated talking points of the left and right. I think different thinking and original thoughts are very much needed today. And even if people don't necessarily agree with Thiel, I think it's valuable just to be able to entertain a different argument and interrupt/change our mental "tracks" rather than listen to the same songs over and over again.
Fresh? As in referencing Star Wars by comparing billionaires to the rebel alliance in his opening remarks? That may be nerdy but it's not fresh original or even remotely analogous. When someone sounds like an unhinged adolescent in the first sentence it usually doesn't get much better. Background check, please!
For housing, I think owning a studio, 1 bedroom, or 2 bedroom condo with a 1.5 car detached garage instead of leasing it is how you tackle the housing affordability crisis. Local governments don’t allow that to be built now. They city council will say it’s gotta be at least 3 bedroom and 1,500 square feet.
The starter home has been replaced by the McMansion. And where small, affordable houses do exist, firms like Blackrock step in and buy them up for the future serfdom society they want to build.
I never heard from him before, but he's spot on. It's time to move on and create a better future vision. Simply saying, "look how bad that side is," isn't enough.
I love him too. I've discovered that Rene Girard is a big source of influence on him. Don't get me wrong, he's still a genius, but if you read Girard enough you'll understand how that's his secret weapon. Intellectually speaking.
Bottom line is poverty for the majority. The only way to be middle class is to get a government job for the benefits and retirement. Everybody else, except a few people with professional licenses, is an impoverished serf. Just like every other Latin American country. We will be deset by an endless grind of taxation and inflation. Only the rich and government bureaucrats will have protection. Most will scrape by un the low wage service economy. The job in manufacturing, that actually created wealth, are long gone. The third world has an endless swarm of peasants to suppress wages. Other than a few glittering areas, the United States is turning into a shithole. Drive across it and take a look.
I feel this same, and it scares me. Especially, I feel myself going to the lower level. But why isn’t the course rather on improving things in life. To improving manufacturing technologies. To making it better by automation routine and hard work. Like there’s too much to do. Improve the architecture, surroundings. To free up space for more free time, creativity and art. Also, I imagined that economics as well can go more to local craftmanship. For ex., when clothes, furniture, cookware and many more things are mostly produced by local designers, craftsman. I don’t understand why this have to go the bad way. Why is someone leading the world this way. 😢 . By diversity in life, life would be much brighter and interesting for everyone. Many more unique things would come to life.
His omissions are telling. He references how CA is a plus 30Dem state but fails to mention the myriad plus 30R states or deep dive into whether they contribute anything worthwhile. As he says at the start, CA has delivered a ton of real value to this country and no +30R state can point to anything remotely comparable. Also, he has a clear west coast bias, and doesn’t understand that DEMs are WAY more diverse than Rs. Republicans in senate and congress followed McConnell like a homogenous glob during Obama’s tenure whereas Dems can’t unite their elected representatives (because they’re diverse in perspective). Good framework from Thiel, but very selective and many omissions that say more than his talk does
I love the quote he cites @10:28 from the year 1576. "Men of a fat and fertile soil are most commonly effeminate and cowards; whereas contrariwise a barren country make men temperate by necessity, and by consequence careful, vigilant and industrious." - Jean Bodin
Peter Thiel is a national treasure. I don't share his "family values" and that is OK - we can differ on those points. The man isn't a smooth orator, but it is a mistake to ignore him.
Speaking of his oration, he's regressed over the years. The ideas and intellect are well in tact and he continues to fire on all cylinders however his speech has gotten worse. I hate to say it. I hope he's alright just one dude to another.
@@phonkphonk Dunno. I saw him speak 15 years ago and that day his oratory abilities were in the dump; much less smooth than this recording. Which kinda surprised me since thats not how I knew him from video. I think he just has up and down days in this regard.
His stuttering at times and not perfect speaking is easily forgotten about as soon as you hear several new ideas you’ve never heard. It might appear as if he’s fumbling but I think he’s purposefully recycling that idea from as many positions as possible before he makes exacting statements he knows people will take seriously.
The Norway example in a oil rush analogy. Norway is an incredibly well functioning country with government workers making heaps of money. At the same time it's politically left. Doesn't this contradict his thesis? Please explain
Comparing California productivity to other (nation) states is difficult because so much of the wealth is captured by so few people. Then if you in addition squander what remains on over-priced products and people, it isn't functioning like the comparable states. The idea they got all the growth when so much is recycled into "Wahhabism" and exporting the insanity doesn't help either.
Peter spent over a half hour to say California is bad and that he doesn't like it. Someone with a smaller ego could have done that in about 5 minutes. Too bad he didn't offer a plan or options to do better - How hard would it be to say "less and smaller government, more liberty and more freedom". Glad he can afford to pay fanboys for his contributions. That's 38 minutes of my life I wish I had back.
Even when they say words like value agent they're talking about a specific form not what you read in the Webster's dictionary. Whenever you see a circular euphemism run
He is very good at pointing out problems like affordable housing BUT not willing to invest in solutions which he could afford to do. He’s rather accrue power by trying to buy senate seats. He didn’t offer ONE solution in this talk did he? He is building himself an underground bunker style house in New Zealand, because it’s been proven the safest country from climate changes & natural disasters.
He pointed out that Tech industry pays a lot of taxes in California but terrible irresponsible policies have made matters worse. Comprehension problems?
Incoming Asians with money are the ones supporting California's high real estate prices. When they discover why Californians are leaving the state, they just might skip the coastal stage, jump over California, Oregon & Washington, and buy land & businesses in middle America. That happens, it will be even harder to rent a moving van to leave California.
We are individuals who value true diversity and believe the right of pursue life, liberty, and happiness free of tyranny of any kind from any group. Our value transcend identity politics.
14:26 Oh I get it. He's saying that since there are homeless people in the less nice parts of town, This causes people to want to move to the nicer parts of town more where there aren't any homeless people. This raises the values of the houses in the nicer parts of town. So, they want the houses in the better parts of town because there aren't homeless people there, which raises the value of these houses. Thats crazy
You cannot cherry pick macro statistical data and then try to prove the point he is making @ 9:00 When comparing earnings across government and private sections, you need to match their responsibilities as close as possible to get usable data. i.e. IT Manager local Government office vs. IT Manager local private sector office. Another thing you need to look at closely, is "compensation". That is not just salary. If we looked at salary of private and public sectors, I can promise you that the CA Government guy is not making more - I know because I work in the industry.
Only in Cali can you get rich as a prison guard. Luckily, they have all that tech monopoly money stolen from the rest of the world to pay for such luxuries.
Would you care to provide some type of reference or source showing information that would back your claim of his numbers being 'cherry picked'? Your claim and 'promise' is a sample size of one and goes against all the data that comes up on the searches that I made.
@@paulvarjak7378 I'm basing my statement on my +20 years of experience in both private and public sectors in CA. The key here is to separate the data he is using. I would add, he provides no reference for the data he gives. His graph says total compensation, not salary. We need to break this macro data apart and look at specifics, to have a clear picture.
He mentioned compensation, and state it how it exacerbates the issue further pushing government public sector job earnings to almost double that of the private sector
@@paulvarjak7378 His Data is super Cherry picked and without any reference as well.....apart from being the only (!) reason presented why California has failed as a state....
Houston is still affordable despite the great success in its top industry in recent years. reduce minimum lot sizes, reduce parking requirements so we can build a lot more homes!
How can any nation, let alone empire, stand on false weights and measures? The unsecured debt note IOU is a dishonest measure and will cause the fall of nations who use it to excess. We need honesty, not lies or social political agendas.
PALANTIR TO THE MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON!!!!!!!!!!!!!!!!!!!!!
Too many Californians willing to pay too much. To quote a word I first read in The National Geographic: Florida is being Californicated. Horrible disease. Sometimes lethal.
It's customary to address someone who once was the country's president with the title of "President" or "Mr. President" even when he's not the acting president of the country anymore.
"i'll leave that to the other panellists" geeeeeezus... the Paypal mafia is getting more obsessive-compulsive by the day Asperger's can be a sad thing He's now so obsessed with the California is evil idea that he can't even control himself anymore to manage to talk about anything else. Seems even the China is evil, and how to compete with china, etc... literally everything, seems less important for him now. He should seek some help.
@@maumau6677You didn't notice during COVID we found out that most of our stuff is made in China. Corporatocracies outsourced all of our industries. Wake Up
I think he’s naive in assuming democrats and republicans are both not corrupt. In Miami, Suarez joined a private equity real estate company and when asked about affordable housing said that you can ask your employer for a raise or find a better job. Wokeness and all these other cultural terms are tools both sides use to make people think they’re fundamentally different, when it’s just deciding between Coke and Pepsi
Thanks a million, a trillion, even a zillion if I can count that far for contributing your brilliance to this world ( I know I am included in this world). You are kind of joking when you say "one-child policy" is a California-ism triumph, if you could organize a kind of "jury" of people during that time living in that society, even you, who is so far away from those brutalities of pure poverty, might have reached the conclusion that it might be only compromised solution then. When you say China paid people too little, you are kind of saying that it is one other form of globalization curse for China, in the sense that the scaled-up interests of globalization couldn't reach the majority more or more evenly. payment of salary itself is subject to the natural law of supply-demand underlying economy, no human being can go beyond, but how to redistribute the scalable interests has formed a centuries-long problem for human beings, Marxism couldn't see or are unwilling to admit the scaleable interests of capital /idea/creation/innovation, mixed scalable interests with payment salary together, defined scaleable interests as a form of exploitation of labors in the front line, therefore caused its inherent dilemma of the circle of opposed rosed to be opposer, and inherently hinder the progress of productivity, no better than any feudalism cycle before. I hope your brilliance would one day solve this problem, then history would record it as Peter Thiel-ism. Before we dream of a utopia where society is so abundant that everything could be distributed as per needs, we need to encourage productivity to match that level of abundance, and along the way, battle anything counter-productive in re-distribution.
I don't remember Obi Wan Kenobi referring to women as fat pigs or telling African Americans to go back to their own country. Kind of a stretch with that one.
Your analogies fail hard. Tech is a mindcontrol nightmare--unless you are the deep state. For the deep state it is the perfect tool of totalizing control.
