I think he does. The guy completely went off the rails sometime ago--he fancies himself to be an "expert" on Russia--but his latest sharing of his "expertise" on FOX at Tucker Carson's excellent (one of very few remaining) program is a tour de force' of a complete insanity.
In this sense, Peters is not just himself mentally unstable--he is an excellent embodiment of a symptom of an affliction prevalent in one small American locality in and around Washington D.C. Many people there, while not as openly bizarre and downright crazy, harbor much what Peters exhibits in this video. Judge for yourself. I will address major reasons for this behavior by Peters more in depth later.