The insurance industry saw the writing on the wall and apparently started trying to collude to raise rates on Tesla buyers despite Tesla's being safer. Tesla has been saying it will provide its own insurance and testing this in some markets. If you look at the insurance industry instead of simply holding capital for accidents with or without some small profit margin it is allowed under the capital rotting theory to invest which in itself creates corruption. But in the US like all other finance it is loaded down with toxic fossil fuel derivatives or insurance of underwater toxic fossil fuel debt (junk) that hold it and the public hostage and the result is higher premiums that help it pass along routine losses on fossil fuels.
Is the same thing happening with banking and customers seeking to buy new Teslas? Are they being dissuaded with worse financing terms despite highest resale value. Take Wells Fargo after the collapse it was straddled down with 50x the value of the its assets in worthless fossil fuel junk derivatives such that if Natural gas collapsed that bank would literally go bankrupt. Its the same for all the big banks that operate in the US. Navy Federal might be an exception. So would Wells Fargo for instance help Tesla when its success will guarantee the collapse of the natural gas bubble and leave the bank and other banks like it in a bankrupt bail-in situation or possibly collapse the whole banking system which has been taken hostage by the insurance of this opaque garbage debt. Note derivatives are insurance and we've already seen this tactic with consumer facing insurance- in a sense finance if monolithic and the timing of this would coincide with a debt maturity and with the expiration of tax credit and the new bs narrative by Tesla short morons about a problem with demand. ICE vehicles are utter junk in comparison with a Tesla quality electric the difference is way beyond say a SSD vs a HDD.
If you think about PG&E how many times is the public supposed to bail that firm out and if you look at the common link in its failure its natural gas even as it is finally considering ditching NG. This would be the third time in 20 years its had to bail that NG pusher out, the first two times were Enron and Alisa Viejo- with Alisa Viejo after gassing people it got to raise rates on them . Right now its corruption and criminal insanity when politicians encourage or look the other way as US utilities load up natural gas where the rate payers will absolutely guaranteed get screwed even now with 3x higher costs than utility solar plus storage (which has flat cost curves) but screwing will only get much as time goes on from these NG plants. Think about what happened in Nevada. Think about NG companies being able to pollute drinking water (see the documentary gas land) and cause Earth quakes and think about how NG companies trying to get rate payers to insure their property on the rate payers own land. Think about who is in NG. It was said that shale was about the US having energy independence and this was supposed to justify these actions and then its said that NG is a bridge fuel but the fact is NG has been more than a decade a criminally stupid investment- and its been a scam since the early 1950s. Rate payers really should be allowed to sue any utility that does any further investment in NG- its not just peakers plants its all NG that is criminally stupid.
And yet despite the stupidity of the investment in NG and fossil fuels their behind the scenes financial hostage taking (how many dumb as rocks pensions fund managers have inexplicable investments in fossil fuels when the highest form of corruption and absolute breech of their fiduciary duty to their pensioners is required to make these investments?) so plain hostage taking may be driving the continued investment and socializing of the losses when global society needs to just go ahead and zero out these hostage taking parasite rent seekers. The same logic would cause them to screw with the terms of purchase for new Tesla buyers at strategic times. Keep thinking about how the SEC office was in Building 7- how convenient. All of it seems to be the work of a group of criminal rent seekers trying to take us back to the plantation.
Is the same thing happening with banking and customers seeking to buy new Teslas? Are they being dissuaded with worse financing terms despite highest resale value. Take Wells Fargo after the collapse it was straddled down with 50x the value of the its assets in worthless fossil fuel junk derivatives such that if Natural gas collapsed that bank would literally go bankrupt. Its the same for all the big banks that operate in the US. Navy Federal might be an exception. So would Wells Fargo for instance help Tesla when its success will guarantee the collapse of the natural gas bubble and leave the bank and other banks like it in a bankrupt bail-in situation or possibly collapse the whole banking system which has been taken hostage by the insurance of this opaque garbage debt. Note derivatives are insurance and we've already seen this tactic with consumer facing insurance- in a sense finance if monolithic and the timing of this would coincide with a debt maturity and with the expiration of tax credit and the new bs narrative by Tesla short morons about a problem with demand. ICE vehicles are utter junk in comparison with a Tesla quality electric the difference is way beyond say a SSD vs a HDD.
If you think about PG&E how many times is the public supposed to bail that firm out and if you look at the common link in its failure its natural gas even as it is finally considering ditching NG. This would be the third time in 20 years its had to bail that NG pusher out, the first two times were Enron and Alisa Viejo- with Alisa Viejo after gassing people it got to raise rates on them . Right now its corruption and criminal insanity when politicians encourage or look the other way as US utilities load up natural gas where the rate payers will absolutely guaranteed get screwed even now with 3x higher costs than utility solar plus storage (which has flat cost curves) but screwing will only get much as time goes on from these NG plants. Think about what happened in Nevada. Think about NG companies being able to pollute drinking water (see the documentary gas land) and cause Earth quakes and think about how NG companies trying to get rate payers to insure their property on the rate payers own land. Think about who is in NG. It was said that shale was about the US having energy independence and this was supposed to justify these actions and then its said that NG is a bridge fuel but the fact is NG has been more than a decade a criminally stupid investment- and its been a scam since the early 1950s. Rate payers really should be allowed to sue any utility that does any further investment in NG- its not just peakers plants its all NG that is criminally stupid.
And yet despite the stupidity of the investment in NG and fossil fuels their behind the scenes financial hostage taking (how many dumb as rocks pensions fund managers have inexplicable investments in fossil fuels when the highest form of corruption and absolute breech of their fiduciary duty to their pensioners is required to make these investments?) so plain hostage taking may be driving the continued investment and socializing of the losses when global society needs to just go ahead and zero out these hostage taking parasite rent seekers. The same logic would cause them to screw with the terms of purchase for new Tesla buyers at strategic times. Keep thinking about how the SEC office was in Building 7- how convenient. All of it seems to be the work of a group of criminal rent seekers trying to take us back to the plantation.