Washington Post Says US Facing Electricty Shortages. AIA Weekly Report 3.23.24

John Polomny
23 Mar 202472:02

TLDRIn this weekly market update, John Palmy discusses his inclusion in a report by the Center for Countering Digital Hate as a top climate denier, expressing shock and criticizing the NGO's methodology and goals. He argues for clear definitions in climate debates and emphasizes the continuous change of climate, irrespective of human activity. Palmy also addresses the political and social implications of climate change discourse, highlighting the importance of energy for human progress and the potential for resource-based investments amidst global monetary policies and market trends.


  • ๐Ÿ” The script discusses a report by the Center for Countering Digital Hate, which lists the top 100 YouTube climate deniers, including the speaker.
  • ๐ŸŒ It debates the meaning and implications of being labeled a 'climate denier,' emphasizing the importance of precise definitions for productive discussions.
  • ๐Ÿ’ก The speaker asserts the continuous change in climate over billions of years and questions the extent of human impact on climate change.
  • ๐ŸŽฏ The speaker criticizes the push for deplatforming individuals with dissenting views on climate change, arguing for free speech and debate.
  • ๐Ÿ“š There's a discussion on the intellectual dishonesty and manipulation of language in debates around climate change.
  • ๐ŸŒฑ The importance of energy, especially in lifting people out of poverty, is highlighted, with a call for sensible, human-centric energy policies.
  • ๐Ÿ’ผ The script mentions the economic implications of climate change narratives, particularly regarding energy prices and investment opportunities.
  • ๐Ÿš€ The weekly market update segment discusses current economic indicators, hinting at potential recession signals and central bank policies affecting financial markets.
  • ๐Ÿ”ฌ The script delves into the importance of defining terms and having informed debates for making reasonable decisions on climate policies.
  • ๐Ÿ›‘ Criticisms are directed towards organizations and movements aiming to censor or silence climate change skeptics, advocating instead for a diverse range of viewpoints.

Q & A

  • What is the main topic discussed by John Palmy in the video?

    -The main topic discussed by John Palmy is the report by the Center for Countering Digital Hate, which identified him and others as top climate deniers on YouTube, and his views on the broader issue of climate change skepticism.

  • How does John Palmy respond to being named in the report as a climate denier?

    -John Palmy expresses shock and disagreement with the label, arguing that there is intellectual dishonesty in the way terms like 'climate denial' are used and that the debate is not about whether the climate changes, but about the extent of human contribution to climate change and reasonable actions to address it.

  • What is John Palmy's stance on climate change?

    -John Palmy acknowledges that the climate changes continuously but questions the extent to which human activity contributes to climate change and the proposed solutions, which he believes lead to more government control, higher costs, and less economic activity.

  • Who are some of the other individuals named in the Center for Countering Digital Hate's report?

    -The report also names Jordan Peterson, John Stossel, and Glenn Beck among others who have expressed skepticism about the mainstream narrative on climate change.

  • What does John Palmy criticize about the approach of the Center for Countering Digital Hate?

    -John Palmy criticizes the Center for Countering Digital Hate for using AI to determine climate deniers and their goal of removing such individuals and information from the internet, which he sees as an attack on free speech and intellectual honesty.

  • What is John Palmy's view on the role of energy in human progress?

    -John Palmy believes that energy is the lifeblood of humankind and that human progress has thrived due to energy abundance. He argues for the responsible use and development of resources, rather than opposing their use altogether.

  • How does John Palmy describe the situation with the F-35 fighter jet program?

    -John Palmy describes the F-35 fighter jet program as a significant issue, citing a report from the US Government Accountability Office (GAO) that states about 85% of the US fleet of F-35s are incapable of conducting combat missions.

  • What broader implications does John Palmy draw from the problems with the F-35 program?

    -John Palmy sees the issues with the F-35 program as symptomatic of a larger problem within the US, including the degradation of standards, ethics, and values, and a lack of long-term strategic thinking in areas such as defense and infrastructure.

  • What does John Palmy suggest as a solution for the US's energy infrastructure?

    -John Palmy suggests a government partnership with the private sector to upgrade the US's energy infrastructure, including building new power plants and improving the transmission grid. He advocates for a standardized design for new nuclear power plants and a streamlined approval process.

  • What is John Palmy's perspective on the pharmaceutical industry?

    -John Palmy criticizes the pharmaceutical industry for its lack of real competition and the high costs of medicines. He views the industry as a rigged system that is not conducive to the best interests of the public.

  • How does John Palmy feel about the current state of the US?

    -John Palmy expresses concern about the current state of the US, citing issues such as the F-35 program, the pharmaceutical industry, and the energy infrastructure. He worries about the country's decline and the potential for future crises due to a lack of investment in critical areas.



๐Ÿ“ข Introduction and Disclaimer

The speaker, John Palmy, begins by stating the date and the nature of the video, which is a weekly market update. He emphasizes the importance of the disclaimer, clarifying that the content is not investment advice and should be taken for educational and entertainment purposes only. He also mentions a recent report by the Center for Countering Digital Hate, which listed him as one of the top 100 climate deniers on YouTube, expressing his surprise at this designation.


๐ŸŒ Climate Denial Allegations and Intellectual Dishonesty

John Palmy discusses the report from the Center for Countering Digital Hate, which accuses him of being a climate denier. He criticizes the NGO for using AI to determine climate deniers and their mission to remove such content from the internet. He argues against the intellectual dishonesty and the twisting of words, emphasizing the need for clear definitions in debates. He disputes the narrative that climate change is solely due to human activity and criticizes the proposed solutions, such as centralized government control and a focus on renewable energy.


๐ŸŒฟ Climate Change: A Broader Perspective

Palmy asserts that climate change is a continuous process that will persist regardless of human actions. He references a video featuring prominent scientists, including Nobel Prize winners, who challenge the mainstream narrative on climate change. He argues that the political left is trying to silence dissenting voices, including Nobel laureates, and criticizes the push for global consensus on climate change solutions, especially when countries like China and India are unlikely to comply.


๐ŸŒ Global Energy Policies and Human Progress

The speaker discusses the importance of energy for human progress and criticizes those who he perceives as anti-human for advocating against the use of resources. He shares an anecdote about a Swedish NGO's interaction with Mongolian officials to illustrate his point. Palmy argues that energy abundance is crucial for lifting people out of poverty and criticizes what he sees as a lack of understanding of basic scientific principles among those pushing climate change agendas.


๐Ÿ’ก The Canon Effect and Wealth Inequality

John Palmy introduces the concept of the Canon effect, which suggests that those closest to the creation of money benefit the most from inflationary or liquidity impulses. He uses this concept to explain wealth inequality, arguing that the current financial system is rigged against the average person. He encourages viewers to understand the system and participate in it to protect their financial future, despite his personal dislike for the system.


๐Ÿ’ธ The Impact of Monetary Policy on Wealth Distribution

Palmy discusses the impact of central bank actions, such as money printing and interest rate adjustments, on wealth distribution. He points out that the bottom 50% of wealth holders in the US have not benefited as much as the top 0.1% from these policies. He criticizes the system that allows the wealthy to benefit from asset inflation while the average worker falls behind due to rising prices caused by increased money supply.


๐Ÿš€ Investing in the Face of Economic Realities

The speaker emphasizes the importance of understanding economic realities when making investment decisions. He warns against the dangers of relying solely on wages in an inflationary environment and encourages investing in assets that can appreciate over time. He also expresses his bullishness on resources and emerging markets, suggesting that these areas are undervalued and offer good investment opportunities.


๐ŸŒ Global Debt and Its Implications

Palmy addresses the issue of global debt, which has been increasing at an alarming rate. He questions the sustainability of this trend and hints at the potential for a debt cycle end. He warns that high levels of debt could lead to significant economic challenges in the future and suggests that this could be a more pressing issue than current market conditions.


๐Ÿ“ˆ Market Concentration and Mega-cap Stocks

The speaker discusses the market concentration among the top 10% of largest stocks and expresses concern about the potential for a market correction. He draws parallels with past market crashes and suggests that the current focus on mega-cap stocks could be leading to an overvaluation that may not be sustainable.


๐Ÿฆ Financial Firms' Outlook on Copper

Palmy shares insights from a financial firm about the copper market, highlighting the improving fundamental outlook and the expectation of a prolonged period of deficits. He notes that the supply response to higher prices will be slow, leading to declining inventories and higher prices. He suggests that the copper price will need to rise significantly to incentivize the development of new projects.


๐ŸŒ Emerging Markets and Their Potential

The speaker expresses optimism about emerging markets, suggesting that they are currently undervalued and offer good investment opportunities. He advises a country-by-country analysis to understand the policies and fundamentals before investing. He also mentions the positive impact of rate cuts in these markets and the potential for increased liquidity.


๐Ÿ’ก Electricity Shortages and Infrastructure Needs

Palmy discusses the looming risk of electricity shortages in the United States due to increasing demand and an aging power grid. He cites specific examples from Georgia and Arizona, where demand for industrial power is surging. He argues that the lack of investment in transmission infrastructure is a significant issue and that the need for new power plants and transmission lines presents a tremendous opportunity for investors.


๐Ÿ› ๏ธ The Decline in Standards and Its Impact on Investment

The speaker expresses concern about the decline in standards across various sectors in the US, including the military, aviation, and legal professions. He cites the example of the F-35 fighter jet program, where a significant percentage of aircraft are incapable of conducting combat missions. He argues that this decline is symptomatic of a broader issue of prioritizing profits over quality and standards, which has implications for investment decisions.


๐Ÿ—ฃ๏ธ The Dangers of Mass Hysteria and Uninvestability

In the concluding paragraph, Palmy warns about the dangers of mass hysteria and how it can lead to divisive actions, such as imprisoning vaccine critics. He uses the pandemic as an example of how people's reactions can vary widely and suggests that such hysteria can be exploited to centralize control. He also expresses concern about the US becoming uninvestable in the future due to its declining policies and infrastructure.



๐Ÿ’กClimate Denial

The term 'climate denial' refers to the rejection of the scientific consensus that climate change is occurring and is largely caused by human activities. In the video, the speaker expresses his inclusion in a report listing top climate deniers and criticizes the NGO behind the report for attempting to silence dissenting voices. He argues for the importance of defining terms clearly in debates and discussions, particularly when it comes to complex issues like climate change.

๐Ÿ’กIntellectual Dishonesty

Intellectual dishonesty refers to the act of misleading others or being untruthful in intellectual discussions or debates. The speaker accuses the NGO and others of intellectual dishonesty by suggesting that they are twisting words and not engaging in good faith discussions about climate change. He emphasizes the importance of honest debate and the proper use of language.


Deplatforming is the act of revoking someone's access to platforms that allow them to communicate or distribute their ideas, often due to controversial or offensive views. In the video, the speaker expresses concern about the NGO's goal to remove so-called climate deniers from the internet, which he sees as an infringement on free speech and an attempt to silence dissent.

๐Ÿ’กEnergy Policy

Energy policy refers to the strategies and measures implemented by a government to manage the production, distribution, and consumption of energy. The speaker criticizes the lack of a coherent long-term energy policy in the United States, which he believes leads to underinvestment in critical infrastructure like the power grid and hinders the country's ability to maintain its technological and economic edge.


Infrastructure refers to the physical and organizational structures necessary for the operation of a society or enterprise, such as roads, bridges, power plants, and transmission lines. The speaker highlights the poor state of U.S. infrastructure, particularly the electricity grid, and calls for substantial investments to modernize and expand these critical systems.


Meritocracy is a system where individuals are selected for positions or rewards based on their abilities and achievements, rather than factors such as social status or wealth. The speaker laments the departure from meritocracy in various sectors, including defense and energy, and argues that this shift has led to a decline in quality and standards.

๐Ÿ’กPharmaceutical Industry

The pharmaceutical industry involves the development, production, and marketing of drugs for medical use. The speaker criticizes this industry for its lack of competition and the high costs of medicines, which he attributes to a profit-driven system that does not prioritize public health or affordability.

๐Ÿ’กPolitical Hysteria

Political hysteria refers to a state of intense public excitement or anxiety, often related to political issues or events. The speaker mentions the mass hysteria during the COVID-19 pandemic and how it was used to centralize control, warning viewers to be aware of the potential for similar situations in the future.

๐Ÿ’กResource Cycle

A resource cycle refers to the periodic fluctuations in the demand for and prices of natural resources, often driven by economic conditions and technological advancements. The speaker is bullish on resources, believing that the current monetary policy and global conditions will lead to increased demand for and prices of resources like copper and energy.

๐Ÿ’กTransmission Infrastructure

Transmission infrastructure includes the systems and equipment used to transmit electricity from power plants to consumers. The speaker emphasizes the need for significant upgrades to the U.S. transmission infrastructure to handle increased demand and to support the integration of renewable energy sources.


Underinvestment refers to the act of not investing enough capital into a particular area or sector, often leading to insufficient growth or development. The speaker argues that the U.S. has underinvested in critical areas such as energy and infrastructure, which has long-term implications for the country's prosperity and competitiveness.


The Center for Countering Digital Hate's report on the top 100 YouTube climate deniers, including the speaker.

The speaker's disagreement with the label of 'climate denier' and criticism of the NGO's methodology.

The importance of defining terms in debates and the speaker's view on the climate change narrative.

The speaker's stance on climate change, emphasizing natural cycles and human influence.

The critique of Western intellectual dishonesty and the twisting of language in climate discussions.

The speaker's mention of being named alongside prominent figures like Jordan Peterson and John Stossel.

The discussion on the role of AI in identifying climate deniers and the potential impact on free speech.

The speaker's perspective on the political wrestling match around climate change and deplatforming dissenting voices.

The argument that climate change is a global issue that cannot be solved without worldwide consensus.

The speaker's emphasis on the need for a worldwide energy transition and the challenges posed by countries like China and India.

The discussion on the impact of climate change policies on economic activity and the cost of living.

The speaker's view on the importance of energy abundance for human progress and lifting people out of poverty.

The critique of climate change advocates as being anti-human and the potential harm of their policies.

The speaker's personal stance on conservation and responsible use of resources, rooted in Orthodox Christianity.

The discussion on the potential deplatforming of climate change skeptics and the speaker's contingency plans.

The speaker's prediction of a decline in ESG investing due to the internet's role in spreading information.