Comments by "SkyRiver" (@SkyRiver1) on "Zeihan on Geopolitics"
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@Ruben-w2v Since bitcoin does not have, and never had, and never will have any intrinsic value: it's value is totally derived from a story in the minds of those who value it. In other words, it's value is totally derived from what people think about it. The same is mostly true for many items that do have a physical aspect: Banksy art for instance, or half million dollar handbags, or even diamonds and gold. Of course diamonds and gold do have some intrinsic value as do the handbags, but it is really only a percentage of their value, and in the case of the Banksy art and the handbags: a minute percentage. Stocks and bonds and the value of currency itself is largely derived from consensus perception as opposed to intrinsic value. Food, water, and air, have the most intrinsic value, but even that is relative to scarcity. What is the value of a loaf of bread sitting next to a thousand other loafs at a supermarket? What is the value of that same loaf if it is the only source of food for a hundred miles? What is the value of a bullet if society collapses?
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Interesting question about Tesla. For some reason, and I have no idea why: Tesla is the only OEM manufacturing in China that is totally publicly owned and is not a partner with the Chinese gov.
They are presently enlarging the Chinese factory, after having taken it off line last summer for improvements which apparently increased its output tremendously. CATL is also construction a battery factory next to Tesla in China, apparently for Tesla's use.
Considering the financial media's hyperbolic attitude about every possible negative about Tesla, I wouldn't doubt that we will see much made of it, and little real difference, other than in the stock market, and that will be temporary.
Right now there are over a dozen Chinese EVs exported to Europe, many of them wear storied European marques like BMW, or MG, or Volvo, but are really Made in China an in many cases majority owned by the Chinese gov. All the European sales from all the Chinese EVs sold in Europe amount to about the same as the numbers of Chinese manufactured Teslas sold in Europe. I expect this will change dramatically as the Berlin gigafactory ramps up. Tesla does not import Chinese manufactured cars into the USA, so no real difference there. Recently wrong-hand drive Teslas have showed up in Austrailia and New Zealand, and despite the Chinese factory continuing to be unable to fill the orders, an unfounded rumor that demand had fallen off in China caused Tesla stock to plummet two weeks ago.
The financial and even regular news media has been attempting to coerce Tesla into handing over the advertising vig for years. What are a few thousand outright lies and slanted analysis compared to the prize, if they can bully Tesla into advertising to protect it from scum journalism? To put this in perspective: GM alone spent over 2.2billion dollars for advertising last year. Tesla spent none: you can figure it out. The media says one thing, but the facts on the ground say "outpreformed again" under all present less than optimal circumstances.
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