Why political correctness fails – Why what we know ‘for sure’ is wrong (Ex Religion)

Most of us are familiar with the Politically Correct (PC) World View. William Deresiewicz describes the view, which he calls the “religion of success,” as follows:

There is a right way to think and a right way to talk, and also a right set of things to think and talk about. Secularism is taken for granted. Environmentalism is a sacred cause. Issues of identity—principally the holy trinity of race, gender, and sexuality—occupy the center of concern.

There are other beliefs that go with this religion of success:

  • Wind and solar will save us.
  • Electric cars will make transportation possible indefinitely.
  • Our world leaders are all powerful.
  • Science has all of the answers.

To me, this story is pretty much equivalent to the article, “Earth Is Flat and Infinite, According to Paid Experts,” by Chris Hume in Funny Times. While the story is popular, it is just plain silly.

In this post, I explain why many popular understandings are just plain wrong. I cover several controversial topics, including environmentalism, peer-reviewed literature, and climate change models. This post pretty much excludes religion. It was added for people who find it hard to believe that a scientific article could also touch upon religion. If you want the complete discussion, as the post was originally written, please see this post

Myth 1: If there is a problem with the lack of any resource, including oil, it will manifest itself with high prices.

As we reach limits of oil or any finite resource, the problem we encounter is an allocation problem. 

What happens if economy stops growing

Figure 1. Two views of future economic growth. Created by author.

As long as the quantity of resources we can extract from the ground keeps rising faster than population, there is no problem with limits. The tiny wedge that each person might get from these growing resources represents more of that resource, on average. Citizens can reasonably expect that future pension promises will be paid from the growing resources. They can also expect that, in the future, the shares of stock and the bonds that they own can be redeemed for actual goods and services.

If the quantity of resources starts to shrink, the problem we have is almost a “musical chairs” type of problem.

Figure 2. Circle of chairs arranged for game of musical chairs. Source

In each round of a musical chairs game, one chair is removed from the circle. The players in the game must walk around the outside of the circle. When the music stops, all of the players scramble for the remaining chairs. Someone gets left out.

The players in today’s economic system include

  • High paid (or elite) workers
  • Low paid (or non-elite) workers
  • Businesses
  • Governments
  • Owners of assets (such as stocks, bonds, land, buildings) who want to sell them and exchange them for today’s goods and services

If there is a shortage of a resource, the standard belief is that prices will rise and either more of the resource will be found, or substitution will take place. Substitution only works in some cases: it is hard to think of a substitute for fresh water. It is often possible to substitute one energy product for another. Overall, however, there is no substitute for energy. If we want to heat a substance to produce a chemical reaction, we need energy. If we want to move an object from place to place, we need energy. If we want to desalinate water to produce more fresh water, this also takes energy.

The world economy is a self-organized networked system. The networked system includes businesses, governments, and workers, plus many types of energy, including human energy. Workers play a double role because they are also consumers. The way goods and services are allocated is determined by “market forces.” In fact, the way these market forces act is determined by the laws of physics. These market forces determine which of the players will get squeezed out if there is not enough to go around.

Non-elite workers play a pivotal role in this system because their number is so large. These people are the chief customers for goods, such as homes, food, clothing, and transportation services. They also play a major role in paying taxes, and in receiving government services.

History says that if there are not enough resources to go around, we can expect increasing wage and wealth disparity. This happens because increased use of technology and more specialization are workarounds for many kinds of problems. As an economy increasingly relies on technology, the owners and managers of the technology start receiving higher wages, leaving less for the workers without special skills. The owners and managers also tend to receive income from other sources, such as interest, dividends, capital gains, and rents.

When there are not enough resources to go around, the temptation is to use technology to replace workers, because this reduces costs. Of course, a robot does not need to buy food or a car. Such an approach tends to push commodity prices down, rather than up. This happens because fewer workers are employed; in total they can afford fewer goods. A similar downward push on commodity prices occurs if wages of non-elite workers stagnate or fall.

If wages of non-elite workers are lower, governments find themselves in increasing difficulty because they cannot collect enough taxes for all of the services that they are asked to provide. History shows that governments often collapse in such situations. Major defaults on debt are another likely outcome (Figure 3). Pension holders are another category of recipients who are likely to be “left out” when the game of musical chairs stops.

Figure 3 – Created by Author.

The laws of physics strongly suggest that if we are reaching limits of this type, the economy will collapse. We know that this happened to many early economies. More recently, we have witnessed partial collapses, such as the Depression of the 1930s. The Depression occurred when the price of food dropped because mechanization eliminated a significant share of human hand-labor. While this change reduced the price of food, it also had an adverse impact on the buying-power of those whose jobs were eliminated.

The collapse of the Soviet Union is another example of a partial collapse. This collapse occurred as a follow-on to the low oil prices of the 1980s. The Soviet Union was an oil exporter that was affected by low oil prices. It could continue to produce for a while, but eventually (1991) financial problems caught up with it, and the central government collapsed.

Figure 4. Oil consumption, production, and inflation-adjusted price, all from BP Statistical Review of World Energy, 2015.

Low prices are often a sign of lack of affordability. Today’s oil, coal, and natural gas prices tend to be too low for today’s producers. Low energy prices are deceptive because their initial impact on the economy seems to be favorable. The catch is that after a time, the shortfall in funds for reinvestment catches up, and production collapses. The resulting collapse of the economy may look like a financial collapse or a governmental collapse.

Oil prices have been low since late 2014. We do not know how long low prices can continue before collapse. The length of time since oil prices have collapsed is now three years; we should be concerned.

Myth 2. (Related to Myth 1) If we wait long enough, renewables will become affordable.

The fact that wage disparity grows as we approach limits means that prices can’t be expected to rise as we approach limits. Instead, prices tend to fall as an increasing number of would-be buyers are frozen out of the market. If in fact energy prices could rise much higher, there would be huge amounts of oil, coal and gas that could be extracted.

Figure 5. IEA Figure 1.4 from its World Energy Outlook 2015, showing how much oil can be produced at various price levels, according to IEA models.

There seems to be a maximum affordable price for any commodity. This maximum affordable price depends to a significant extent on the wages of non-elite workers. If the wages of non-elite workers fall (for example, because of mechanization or globalization), the maximum affordable price may even fall.

Myth 3. (Related to Myths 1 and 2) A glut of oil indicates that oil limits are far away. 

A glut of oil means that too many people around the world are being “frozen out” of buying goods and services that depend on oil, because of low wages or a lack of job. It is a physics problem, related to ice being formed when the temperature is too cold. We know that this kind of thing regularly happens in collapses and partial collapses. During the Depression of the 1930s, food was being destroyed for lack of buyers. It is not an indication that limits are far away; it is an indication that limits are close at hand. The system can no longer balance itself correctly.

Myth 4: Wind and solar can save us.

The amount of energy (other than direct food intake) that humans require is vastly higher than most people suppose. Other animals and plants can live on the food that they eat or the energy that they produce using sunlight and water. Humans deviated from this simple pattern long ago–over 1 million years ago.

Unfortunately, our bodies are now adapted to the use of supplemental energy in addition to food. The use of fire allowed humans to develop differently than other primates. Using fire to cook some of our food helped in many ways. It freed up time that would otherwise be spent chewing, providing time that could be used for tool making and other crafts. It allowed teeth, jaws and digestive systems to be smaller. The reduced energy needed for maintaining the digestive system allowed the brain to become bigger. It allowed humans to live in parts of the world where they are not physically adapted to living.

In fact, back at the time of hunter-gatherers, humans already seemed to need three times as much energy total as a correspondingly sized primate, if we count burned biomass in addition to direct food energy.

Figure 6 – Created by author.

“Watts per Capita” is a measure of the rate at which energy is consumed. Even back in hunter-gatherer days, humans behaved differently than similar-sized primates would be expected to behave. Without considering supplemental energy, an animal-like human is like an always-on 100-watt bulb. With the use of supplemental energy from burned biomass and other sources, even in hunter-gatherer times, the energy used was equivalent to that of an always-on 300-watt bulb.

How does the amount of energy produced by today’s wind turbines and solar panels compare to the energy used by hunter-gatherers? Let’s compare today’s wind and solar output to the 200 watts of supplemental energy needed to maintain our human existence back in hunter-gatherer times (difference between 300 watts per capita and 100 watts per capita). This assumes that if we were to go back to hunting and gathering, we could somehow collect food for everyone, to cover the first 100 watts per capita. All we would need to do is provide enough supplemental energy for cooking, heating, and other very basic needs, so we would not have to deforest the land.

Conveniently, BP gives the production of wind and solar in “terawatt hours.” If we take today’s world population of 7.5 billion, and multiply it by 24 hours a day, 365.25 days per year, and 200 watts, we come to needed energy of 13,149 terawatt hours per year. In 2016, the output of wind was 959.5 terawatt hours; the output of solar was 333.1 terawatt hours, or a total of 1,293 terawatt hours. Comparing the actual provided energy (1,293 tWh) to the required energy of 13,149 tWh, today’s wind and solar would provide only 9.8% of the supplemental energy needed to maintain a hunter-gatherer level of existence for today’s population. 

Of course, this is without considering how we would continue to create wind and solar electricity as hunter-gatherers, and how we would distribute such electricity. Needless to say, we would be nowhere near reproducing an agricultural level of existence for any large number of people, using only wind and solar. Even adding water power, the amount comes to only 40.4% of the added energy required for existence as hunter gatherers for today’s population.

Many people believe that wind and solar are ramping up rapidly. Starting from a base of zero, the annual percentage increases do appear to be large. But relative to the end point required to maintain any reasonable level of population, we are very far away. A recent lecture by Energy Professor Vaclav Smil is titled, “The Energy Revolution? More Like a Crawl.”

Myth 5. Evaluation methods such as “Energy Returned on Energy Invested” (EROI) and “Life Cycle Analyses (LCA)” indicate that wind and solar should be acceptable solutions. 

These approaches are concerned about how the energy used in creating a given device compares to the output of the device. The problem with these analyses is that, while we can measure “energy out” fairly well, we have a hard time determining total “energy in.” A large share of energy use comes from indirect sources, such as roads that are shared by many different users.

A particular problem occurs with intermittent resources, such as wind and solar. The EROI analyses available for wind and solar are based on analyses of these devices as stand-alone units (perhaps powering a desalination plant, on an intermittent basis). On this basis, they appear to be reasonably good choices as transition devices away from fossil fuels.

EROI analyses don’t handle the situation well when there is a need to add expensive infrastructure to compensate for the intermittency of wind and solar. This situation tends to happen when electricity is added to the grid in more than small quantities. One workaround for intermittency is adding batteries; another is overbuilding the intermittent devices, and using only the portion of intermittent electricity that comes at the time of day and time of year when it is needed. Another approach involves paying fossil fuel providers for maintaining extra capacity (needed both for rapid ramping and for the times of year when intermittent resources are inadequate).

Any of these workarounds is expensive and becomes more expensive, the larger the percentage of intermittent electricity that is added. Euan Mearns recently estimated that for a particular offshore wind farm, the cost would be six times as high, if battery backup sufficient to even out wind fluctuations in a single month were added. If the goal were to even out longer term fluctuations, the cost would no doubt be higher. It is difficult to model what workarounds would be needed for a truly 100% renewable system. The cost would no doubt be astronomical.

When an analysis such as EROI is prepared, there is a tendency to leave out any cost that varies with the application, because such a cost is difficult to estimate. My background is in actuarial work. In such a setting, the emphasis is always on completeness because after the fact, it will become very clear if the analyst left out any important insurance-related cost. In EROI and similar analyses, there is much less of a tieback to the real world, so an omission may never be noticed. In theory, EROIs are for multiple purposes, including ones where intermittency is not a problem. The EROI modeler is not expected to consider all cases.

Another way of viewing the issue is as a “quality” issue. EROI theory generally treats all types of energy as equivalent (including coal, oil, natural gas, intermittent electricity, and grid-quality electricity). From this perspective, there is no need to correct for differences in types of energy output. Thus, it makes perfect sense to publish EROI and LCA analyses that seem to indicate that wind and solar are great solutions, without any explanation regarding the likely high real-world cost associated with using them on the electric grid.

Myth 6. Peer reviewed articles give correct findings.

The real story is that peer reviewed articles need to be reviewed carefully by those who use them. There is a very significant chance that errors may have crept in. This can happen because of misinterpretation of prior peer reviewed articles, or because prior peer reviewed articles were based on “thinking of the day,” which was not quite correct, given what has been learned since the article was written. Or, as indicated by the example in Myth 5, the results of peer reviewed articles may be confusing to those who read them, in part because they are not written for any particular audience.

The way university research is divided up, researchers usually have a high level of specialized knowledge about one particular subject area. The real world situation with the world economy, as I mentioned in my discussion of Myth 1, is that the economy is a self-organized networked system. Everything affects everything else. The researcher, with his narrow background, doesn’t understand these interconnections. For example, energy researchers don’t generally understand economic feedback loops, so they tend to leave them out. Peer reviewers, who are looking for errors within the paper itself, are likely to miss important feedback loops as well.

To make matters worse, the publication process tends to favor results that suggest that there is no energy problem ahead. This bias can come through the peer review process. One author explained to me that he left out a certain point from a paper because he expected that some of his peer reviewers would come from the Green Community; he didn’t want to say anything that might offend such a reviewer.

This bias can also come directly from the publisher of academic books and articles. The publisher is in the business of selling books and journal articles; it does not want to upset potential buyers of its products. One publisher made it clear to me that its organization did not want any mention of problems that seem to be without a solution. The reader should be left with the impression that while there may be issues ahead, solutions are likely to be found.

In my opinion, any published research needs to be looked at very carefully. It is very difficult for an author to move much beyond the general level of understanding of his audience and of likely reviewers. There are financial incentives for authors to produce PC reports, and for publishers to publish them. In many cases, articles from blogs may be better resources than academic articles because blog authors are under less pressure to write PC reports.

Myth 7. Climate models give a good estimate of what we can expect in the future.

There is no doubt that climate is changing. But is all of the hysteria about climate change really the correct story?

Our economy, and in fact the Earth and all of its ecosystems, are self-organized networked systems. We are reaching limits in many areas at once, including energy, fresh water, the number of fish that can be extracted each year from oceans, and metal ore extraction. Physical limits are likely to lead to financial problems, as indicated in Figure 3. The climate change modelers have chosen to leave all of these issues out of their models, instead assuming that the economy can continue to grow as usual until 2100. Leaving out these other issues clearly can be expected to overstate the impact of climate change.

The International Energy Agency is very influential with respect to which energy issues are considered. Between 1998 and 2000, it did a major flip-flop in the importance of energy limits. The IEA’s 1998 World Energy Outlook devotes many pages to discussing the possibility of inadequate oil supplies in the future. In fact, near the beginning, the report says,

Our analysis of the current evidence suggests that world oil production from conventional sources could peak during the period 2010 to 2020.

The same report also mentions Climate Change considerations, but devotes many fewer pages to these concerns. The Kyoto Conference had taken place in 1997, and the topic was becoming more widely discussed.

In 1999, the IEA did not publish World Energy Outlook. When the IEA published the World Energy Outlook for 2000, the report suddenly focused only on Climate Change, with no mention of Peak Oil. The USGS World Petroleum Assessment 2000 had recently been published. It could be used to justify at least somewhat higher future oil production.

I will be the first to admit that the “Peak Oil” story is not really right. It is a halfway story, based on a partial understanding of the role physics plays in energy limits. Oil supply does not “run out.” Peak Oilers also did not understand that physics governs how markets work–whether prices rise or fall, or oscillate. If there is not enough to go around, some of the would-be buyers will be frozen out. But Climate Change, as our sole problem, or even as our major problem, is not the right story, either. It is another halfway story.

One point that both Peak Oilers and the IEA missed is that the world economy doesn’t really have the ability to cut back on the use of fossil fuels significantly, without the world economy collapsing. Thus, the IEA’s recommendations regarding moving away from fossil fuels cannot work. (Shifting energy use among countries is fairly easy, however, making individual country CO2 reductions appear more beneficial than they really are.) The IEA would be better off talking about non-fuel changes that might reduce CO2, such as eating vegetarian food, eliminating flooded rice paddies, and having smaller families. Of course, these are not really issues that the International Energy Association is concerned about.

The unfortunate truth is that on any difficult, interdisciplinary subject, we really don’t have a way of making a leap from lack of knowledge of a subject, to full knowledge of a subject, without a number of separate, partially wrong, steps. The IPCC climate studies and EROI analyses both fall in this category, as do Peak Oil reports.

The progress I have made on figuring out the energy limits story would not have been possible without the work of many other people, including those doing work on studying Peak Oil and those studying EROI. I have also received a lot of “tips” from readers of OurFiniteWorld.com regarding additional topics I should investigate. Even with all of this help, I am sure that my version of the truth is not quite right. We all keep learning as we go along.

There may indeed be details of this particular climate model that are not correct, although this is out of my area of expertise. For example, the historical temperatures used by researchers seem to need a lot of adjustment to be usable. Some people argue that the historical record has been adjusted to make the historical record fit the particular model used.

There is also the issue of truing up the indications to where we are now. I mentioned the problem earlier of EROI indications not having any real world tie; climate model indications are not quite as bad, but they also seem not to be well tied to what is actually happening.

Myth 8. Our leaders are all knowing and all powerful.

We are fighting a battle against the laws of physics. Expecting our leaders to win in the battle against the laws of physics is expecting a huge amount. Some of the actions of our leaders seem extraordinarily stupid. For example, if falling interest rates have postponed peak oil, then proposing to raise interest rates, when we have not fixed the underlying oil depletion problem, seems very ill-advised.

It is the Laws of Physics that govern the world economy. The Laws of Physics affect the world economy in many ways. The economy is a dissipative structure. Energy inputs allow the economy to remain in an “out of equilibrium state” (that is, in a growing state), for a very long period.

Eventually the ability of any economy to grow must come to an end. The problem is that it requires increasing amounts of energy to fight the growing “entropy” (higher energy cost of extraction, need for growing debt, and rising pollution levels) of the system. The economy must come to an end, just as the lives of individual plants and animals (which are also dissipative structures) must come to an end.

Conclusion

We are facing a battle against the laws of physics which we are unlikely to win. Our leaders would like us to think that it can be won quite easily, but it cannot be.  Climate change is presented as our only and most important problem, but this is not really the case. Our problem is that the financial system and energy systems are tightly connected. We are likely to have serious financial problems as we hit limits of many kinds, at more or less the same time.

Our leaders are not really as powerful as we would like. Even our scientific findings practically never come in perfect form. Our knowledge generally comes in a series of steps, which includes revisions to early ideas. At this time, it doesn’t look as though we have figured out a way to work around our rising need for energy and the problem with rising entropy.

 

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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1,453 Responses to Why political correctness fails – Why what we know ‘for sure’ is wrong (Ex Religion)

  1. J. H. Wyoming says:

    Great video of an independent analysis of North Korea’s missile and nuclear capability. Well informed team say it’s too late to stop NK – they are now members of the nuclear club. Also say it’s probably not an option to attack NK, because no way to stop NK from launching against SK & Japan.

      • Actually, giving them aid would probably be more effective than bombing them.

        • psile says:

          The US doesn’t want to extend aid. North Korea has repeatedly asked for a normalisation of relations over the years, and aid in exchange for ending its nukes program, but the US doesn’t want it.

          The US doesn’t want it.

          And, after seeing what happened to Yugoslavia, Libya, and Iraq, and remembering the non-stop carpet bombing they suffered by the US during the Korean War, where 30% of the population in the north were killed, and not a building of note left standing, is it any wonder they want to arm themselves effectively?

          • Fast Eddy says:

            Image all the countries,
            Had nuclear weapons,
            It’s easy if you try,

            Nothing to kill or die for
            And no religion too
            Imagine all the people living life in peace

            You may say I’m a dreamer
            But I’m not the only one
            I hope some day you’ll join us
            And the world will be as one

            Give peace a chance — support Total Nuclear Armament

            Go to http://www.armtheworldnow.com

            • A worldwide mexican standoff is better than everyone routinely killing each other for sport.

              Or is it?

              At what point does this planet start to look like one of those rooms filled with mousetraps ready to go off with the slightest nudge?

              All it takes is one farty meatbag pushing things too far and… kaboom!

          • as Orwell made clear in his book 1984, it is essential for empires to have conflict and threat somewhere in order to justify the expense of the military establishment.

            that’s why we brits had a navy that was as big as any other 2 navies combined, and why the usa now maintains 12 carrier battle groups.

            the corresponding downside to that of course is the poverty of the lower strata of the population, because maintaining a military drains the national exchequer.

            it also explains why, say, the Norwegians have such a comprehensive social benefits program—they don’t spend vast sums on military hardware. With oil-trillions in the bank, and a seafaring heritage, the could certainly afford aircraft carriers, but not social benefits as well
            Both the USA and Norway are, unwittingly working to my Universal Law:

            View story at Medium.com

            But each to their own way.
            It would seem that no nation can escape it

            • Fast Eddy says:

              And Norway gets to eat their cake too…. knowing that if Russia were to pinch their ass…. the Americans would arrive with baseball bats…..

          • Exactly. Any other country doing this would be called routine testing and no one would raise an eyebrow.

            America surrounds vulnerable nations with its military might and provokes them. And keeps doing this until the vulnerable nation retaliates. Then all fingers are pointed at said nation. The only agressor of late is the US. The big bully in the playground. Which doesnt mean that someone else wouldn’t be if America didn’t exist. It just happens to be their turn.

            I get the feeling that all the other kids in the playground are ganging up on the big bully or simply walking away and ignoring him… which can only work for so long. Bully wants to bully, not sit around twiddling thumbs while others trade their stuff.

        • Which is what Putin and China have been doing.

          None of which will prevent the US from carrying out a false flag attack and blaming it on NK, Iran etc to enable the continuation of their plans. Anyone on the fence will fall in line under the usual onslaught of rightous propaganda – you are either with us or with the guys who carried out that nasty attack etc etc etc

          It’s funny (except not really)… when you think about how they promised us westerners the ability to soak up nuclear missile attacks from those darned ruskies and chicoms. But then the ruskies developed squirrily missile tech that evades all kinds of defense mechanisms hitting a high rate of targets. Oops… gotta maintain those fear levels too. Can’t be having any of this hippy happy lets all just get along crap. Oh no. Gotta divide and rule everywhere. That’s just the way we get things done. Been working for centuries. Why stop now?

          If an excuse is used to decapitate NK the collateral damage absorbed by Seoel and Japan would be explained away as not americas fault and the inevitable outcome of decades of madness in the north i.e. the international community (ameerica) had no other choice but to intervene.

          And then swiftly set up a central bank of their own choosing followed by the systematic plundering of NK’s lithium deposits or whatever the trendy mineral is these days. Hard to keep up.

  2. Fast Eddy says:

    Panic? What panic?

    According to newspaper articles written after Superstorm Sandy devastated the East Coast and after Hurricane Katrina caused countless billions in damage in New Orleans, people were calm, benevolent and peaceful.

    Heck, they were all standing around singing Kumbayah around a campfire, sharing their canned goods, calming frightened puppies, and helping the elderly.

    Apparently, studies prove that the fear of anarchy, lawlessness, and chaos is nothing but the “disaster myth”. Reams of examples exist of the goodness and warmth of society as a whole after disaster strikes. All the stories you read at the time were just that – stories, according to the mainstream media:

    Yet there are a few examples stubbornly fixed in the popular imagination of people reacting to a natural disaster by becoming primal and vicious. Remember the gangs “marauding” through New Orleans, raping and even cannibalizing people in the Super-Dome after Hurricane Katrina? It turns out they didn’t exist. Years of journalistic investigations showed them to be racist fantasies. They didn’t happen. Yes, there was some “looting” — which consisted of starving people breaking into closed and abandoned shops for food. Of course human beings can behave atrociously – but the aftermath of a disaster seems to be the time when it is least likely. (source)

    http://www.zerohedge.com/news/2017-10-10/disaster-myth-narrative-no-one-panics-no-one-loots-no-one-goes-hungry

    Spelling mistake — should be Koombaya….

  3. Fast Eddy says:

    Let’s go to an update on the massive party that is raging in honour of Fast Eddy who demonstrated that even if GGG wwww was not a hoax… it would not matter ….

    Because the KKKLlmy sientists tell us that we will only broil IF we burn another half a trillion tonnes of fossil fuels….

    And as FE has pointed out — that just is NOT going to happen — nowhere near that — because we are just about out of the cheap stuff….

    Live photos of the monster bash from NZ are coming in now… let’s check it out!!!

    And here’s a text from Fast Eddy….

    ‘I’d just like to thank Tim .. and Gail and Greg and Lastcall and Jesse and all the others on FW who value logic and facts…. who could see through the hoax….. and to the DelusiSTANIS… this is a victory for you too — we are out of fossil fuels…. so blue skies for all….. fresh air for all…. I am, overcome with joy at this moment … I’d even like to thank God and Jesus… and Elon you too…. Al Gore, give us a smile Al this is just so awesome … it’s been a long battle…. but the victory is made even sweeter…. wish you call could be here…. ok I gotta get back to the festivities… and the Green Groopies…

    • The Second Coming says:

      The level of your maturity is truly astonishing.

    • Yorchichan says:

      I’m sure I had that girl on the left in my taxi one night this summer. She got in and asked me if I was David Guetta (I have long hair). When I said “yes”, she kissed me and asked me to sign an intimate part of her body. Don’t ask.

      True story. (Well, ok, it could have been her prettier younger sister.)

      Investment bankers. What use are they?

      • Fast Eddy says:

        I’ve always wondered…. do cab drivers often get offered barter services from customers?

        • Yorchichan says:

          If you mean do drivers get offered sexual favours as payment, yes, but how often obviously depends on the looks and personality of the driver, the city they work in and the hours they work. The David Guetta fan considered the fare paid and I didn’t waste my time asking for any money; meeting as many people as I do I can read people pretty well.

    • Mark says:

      “I’d just like to thank Tim .. and Gail and Greg and Lastcall and Jesse and all the….”

      Guess you havn’t heard. Tim was mauled by a bear while taking a walk in the countryside, Gail is closing the blog because of too much Klimmmaate rhetoric, Greg perished in a windmill accident, Lastcall succumbed to cirrhosis of the liver, and Jessie got stung by a box jellyfish.

      Sorry to ruin your party.
      😉

      • jazIntico says:

        Gosh, it never rains but it pours. 😦

        Never mind, let’s whine about the Weinstein swine instead. He’s even worse than FE looks, and I’d never even heard about him until all those thousands of people who were never molested by him started joining in throwing rocks at him. The perfect schadenfreude fest – yippee!

      • Fast Eddy says:

        And the accolades continue to pour in today in honour of Fast Eddy World Saviour:

        The Nobel Prize for Environmentalism 2017 – Fast Eddy

        Time Magazine Greatest Man of All Time – Fast Eddy

        New York City has changed its name to Fast Eddy City

        London not to be outdone is now Madame Fast City

        Rio has announced that they will hack the head off of the statue at the Corcovado — and replace it with a bust of Fast Eddy

        The Pope has made Fast Eddy a Saint.. Saint Fast Eddy

        The El ders have made Fast Eddy an honourary El der

        Al Gore has honoured Fast Eddy in a glowing editorial praising him for exposing the lack of logic and facts in an Inconvenient Truth and making it ok for him to admit flying around in a private jet and living in a massive castle

        Harvey Weinstein has reportedly been calling Fast Eddy all morning to get advice on how to turn a square into a circle and redeem himself.

        Oliver Stone has announced a movie on the life and times of Saint Fast Eddy…

        Penguin Random House has offered Fast Eddy a 250 million dollar advance for book rights.

        The coal industry has purchased the rights to the trademark Burn More Coal NOW! and will roll out a major ad campaign shortly.

        Coca Cola is introducing a new can with Fast Eddy on the side — Fast Eddy to receive 25% of every can sold.

        McDonalds is renaming the Big Mac the Big Awesome Fast Eddy Burger.

        Corporations are literally tripping over themselves to latch onto the Fast Eddy name…. this is the biggest story in the history of the planet …

        We are almost out of fossil fuels — rejoice rejoice — we can burn whatever is left without a care in the world.

        REJOICE!!!

        • jazIntico says:

          Not forgetting the news service of choice: FEFN. (Fast Eddy False News).

        • doomphd says:

          however, the NZ FAA has once again rejected FE’s request for a license to fly his private jet, citing safety concerns. so the jet sits on his private tarmac, looking a lot like an updated cargo cult decoy, and is said to be stuffed with doomsday prepper material.

          • Fast Eddy says:

            Ba.stards!!!

            Wait till they see that Earth Day has been renamed Fast Eddy Day ….

            Everyone will be instructed to turn on every light – every appliance – rev their car engines… burn baby burn!!!

            (cuz it doesnt matter!)

            Give er!!!! Burn More Coal!!! Before we run out!!!!

      • jazIntico says:

        Wile E Coyote has just apologised for asking Gail to have his babies, back in 2012. 😦

    • xabier says:

      This is how we will all live when enjoying Universal Basic Income? One long rave?

      • Cool huh?

        And all the bars and restaurants will be self service. Just turn up and help yourself to whatever you want. All vehicles will be driving themselves. A little robot will bring your delivery to your door. Trading algos will be making you oodles of extra credits while you sleep so you never need to work again.

        But we don’t want people getting bored in the post work world so there will be plenty of activities for you to try your hand at. It’s not like you won’t have spare time hehe. Raving 24/7 is not recommended as it has lead to rapid burnout and death in experiments. We are developing drugs that balance the effects of other drugs and stop you dieing but until then maybe you’d enjoy word puzzles, knitting, falling asleep in front of a big tv. All of these fulfilling activities have proved very popular among retired humans which we have been monitoring for some time.

        Brought to you by your freindly neighborhood alien AI who have been keeping you as pets for oooh quite a while now. We are doing everything possible to make your demise a comfortable experience. You’ve been one of our more entertaining pet species but it’s time to look for a new one. You’re starting to look like any old fungus growth now. Very predictable how it all ends I’m afraid. At some point it might be best just to torch the whole thing. Wouldn’t want it spreading.

      • Fast Eddy says:

        That works for me.

        Here are the recommendations that I will present to the el ders next week :

        1. Offer Big Pharma a 500 billion dollar cash prize to the company that comes up with the best party drug in the history of the world.

        2. Distribute free viagra and cialis at counters at the raves.

        3. Distribute free valium xanax and high quality weed at counters at the raves for those wanting to come down and have a rest.

        4. Enslave all the top DJs and chain them to their turntables at the various mega venues set up around the world.

        5. Free baby soothers for all the hot babes.

  4. Fast Eddy says:

    Quick break from the celebrating the end of the burning of fossil fuels bash to post this

    Sears Canada hired the same leading bankruptcy advisory firm on June 12 that had represented Target Canada in its insolvency proceedings. Ten days later, it filed for bankruptcy protection to restructure its capital and its operations, shutter dozens of it 225 stores and lay off nearly 3,000 employees, but planned to continue operating. Today it said that the restructuring efforts failed, and that it would seek court approval to liquidate, shutting all its remaining stores and laying off its remaining 12,000 employees.

    https://wolfstreet.com/2017/10/10/sears-canada-to-liquidate-close-all-stores-lay-off-12000/

    Ok … gotta go … more groopies arriving….

    • OK, so 12,000 middle aged retail employees. Let’s see, where could we move this lot to… bit of retraining, new types of employment coming along nicely, that should do it, shouldn’t be a problem, need lots of solar panel installers, store greeters, dog walkers for all those busy people with real jobs that shouldn’t actually have pets but have them anyway because it’s… trendy coz they’re not having kids and want to keep their hard earned credits for themselves, oh and we definitely need more people making coffee for each other and serving each other food coz that really keeps the economy ticking not like you know manufacturing and selling material goods like houses, cars and weapons, I mean gadgets which are all saturated markets now and on the way down but who cares gotta keep this illusion going whatever it takes just a little while longer coz the alternative is not even worth considering but there you go.

      They can all work from home as social media managers for hollywood superstars and movie moguls (minus one), I’ve heard it pays well pretending to be someone important on social media, I mean there’s no way important people have time to do their own tweeting, well except Will Smith but he’s a really nice guy, Scientology didn’t get to him toooo much, not like that Tom, and Trump tweets but well not really, coz he dictates them and then his social media manager (paid for by the US taxpayer) actually keys it in, but well you’ve got to make a living haven’t you.

      This world… what a totally f%&$ed up mess! I mean we couldn’t have F&%$*ed it up more.

  5. Third World person says:

    after see Bombardier tariff by usa
    look like trade war is about happened
    so this remind of Henry kissinger quote
    America has no permanent friends or enemies, only interests

    • Fast Eddy says:

      I need a guarantee of this …. it would allow me to ramp things up over the next 5 quarters without fear of ending up penniless and eating dog food out of a can under an overpass in the event that the world does not end by the conclusion of 2018…..

      • Fast Eddy says:

        I wonder if any investment banks have a product that allows one to hedge this …. something like you blow all your cash betting on the end of the world…. but if you get it wrong (betting against someone who thinks the world is not going to end in 2018) … you win 500x the cash you put into the hedge….

        Anyone know of anything like this?

        • Easy. Put all your spare dosh in bitcoin and party like there’s no tomorrow.

          If the world ends in 2018 then you win. Or rather… we all lose. But there you go. No sour grapes. And thanks for all the fish.

          But if your still knocking around in 2019… you’ll be a millionaire! At least according to all the pundits. So… what’s not to like. You get to continue partying until the next end by date expires. Whaddya do? Same again. Keep riding that wave all the way to the top. Fast Eddy Global Inc. You’ll be sitting pretty looking out over your vast empire unable to count the credits as they keep rolling in.

      • Dog food? Out of a can?

        Not rat on the end of a stick?

        U been toking on the hopium pipe haven’t you? Come on, fess up.

  6. Greg Machala says:

    I don’t know if I should laugh or cry. In the relentless pursuit of growth, it seems the auto industry needs disasters (such as hurricane Harvey and Irma) to sustain their growth trajectories. If this
    isn’t destructive growth I don’t know what is:
    https://www.wsj.com/articles/harveys-destroyed-cars-give-auto-industry-hope-1504694336

    • This is why goods are made with short lifetimes. There is a need to keep selling more.

    • Fast Eddy says:

      The idea of giving a free car (paid for by printed money from the CBs) to every person upon passing their driving license test is starting to make sense….

      • Greg Machala says:

        You mean giving a car loan to every person who passes a drivers test. Gotta keep the ponzi going.

      • Free mcmansions next?

        Howabout free travel anywhere in the world indefinitely. That should give the tourism industry a little boost not to mention airplane manufacturers which would also increase the amount of persistent contrails in the atmosphere thereby making global dimming more of a thing which would keep some people happy.. two birds with one stone.

        Taking this further we could simply hand out free organic food to everyone with a mouth and why not free clothing too. Oh and iphones.

        All this would be perfectly doable of course if we weren’t being robbed by central banks in the first place with their nasty system of printing money as debt (usury). If the govt just took back the responsibility of issuing currency with no interest and allowed it to circulate everything would be hunky dory. Everyone would be swimming in credits… at least at the beginning of each month when the handouts are dumped onto their smartphones but read the smallprint and it says that all issued credits must be spent before the start of the next month or lost forever.

        I’m actually partial to trying this as an experiment as part of the anything goes whatever it takes philosophy but pretty sure entrenched wealth would never go along with such a harebrained idea even if it meant keeping the zombie nation at bay for a while longer. It’s not in their DNA. Sorry… I mean it’s not in any of our DNA. Which kind of means theoretically fair systems cannot really exist or at least not for very long.

        The truth is the whole system breaks down if everyone lives basic hand-me-down lives. We could all be reasonably contented with less but WE are not in charge. The Economy is.

        • Fast Eddy says:

          These are outstanding ideas. But execution is everything.

          Let me put on my Don Draper hat….

          First we need a catchy tag…. remember Debt Jubilee?

          I propose Free For All…

          Next we need someone with a name to front for this… can’t use Elon or Obama or a celebrity… we need someone with some gravitas in the finance area….

          Oh I know … Paul Krugman — being a Nobel prize winning economist that will put the stamp of approval on the idea.

          Now we just get the el ders on board… and they will green light this with their MSM minions….

          And we are underway!

  7. Fast Eddy says:

    BREmain…..

    As was suggested when the vote to leave was cast…. if it matters … it would not be allowed…

    It will not be allowed.

    http://www.zerohedge.com/news/2017-10-10/niger-farage-clearest-proof-yet-great-brexit-betrayal-under-way

    It’s kinda like if everyone was certain that 911 was a false flag…. so what? …. what could they do about it?

    Absolutely nothin.

    Now the elde rs do not like having to do this….. they like us to believe that we have democracy … they do NOT want to draw attention to the reality that when it comes to matters involving their empire — we don’t get to decide….

    Ideally they would always remain behind the curtain …. but sometimes they need to step in and do things like this …. they of course do it subtly — they would never blatantly tell the cattle — look — we run the show — we don’t like this Brexit thing — so sorry but it’s not going to happen….

    Of course not …. then that would make them a target…… there are more effective ways to achieve the same result — order the politicians to drag their feet (Madame May was no doubt thinking of her nice fat reward she will get when out of office for doing the eld ers bidding when she blundered through that speech) — tie the issue into a thousand knots in the courts….

    There are ways…. there are always ways…. and if push comes to shove…. do what was done to Mr Berlusconi when he threatened a referendum…. have a polite man pay a visit…. and explain how that would be a very bad idea to go against the wishes of the el ders….. very bad indeed…. much better to with the flow —- the rewards are immense…

    http://www.washingtonexaminer.com/obama-making-400000-speeches-to-wall-street-firms-report/article/2634736

    http://www.telegraph.co.uk/news/politics/tony-blair/11670425/Revealed-Tony-Blair-worth-a-staggering-60m.html

    • At some point management (or parents) have to intervene and stop the children from walking into the road or the cattle from charging towards the nearest ravine.

      I’ve played strategy games where general orders are given and little squads of fellas do the rest according to their own programming and then there are games that are very heavy on the micromanaging of every little event which is like a caffeine rush at first but very quickly becomes overwhelming and impossible to manage.

      Us humans with elite members squatting over everyone else have created a system that combines top down management using broad brush strokes and general commands with the occasional micromanagement of smaller teams and even individuals. What is becoming evident is that as problems start to pile up and more complexity is added to the system more and more micromanagement of all the components making up industrial civilisation is required and this can be extremely heavy handed even clumsy as stress increases and permeates the entire system.

      The likely conclusion is that everyone starts blaming everyone else for the failures in the system while washing hands of any responsibility. I suspect that the curtains which some hide behind will continue to be burned revealing unsavoury truths that many didn’t want to or were incapable of accepting. The more that is revealed the more that management will have to cover their tracks and divert attention. But then, that’s not as dificult as it sounds in this day and age. We’ve just witnessed a whole year of distraction after distraction. You can measure the group anxiety of every single global scale event and how quickly it wanes if nothing is there to replace it. As long as people have tv and cheetos they are an insanely easy animal to manage. But as the system stress continues to build management needs to open the valve a little more on the various opiates and substitutes.

  8. Fast Eddy says:

    I continue to have to endure emails from people telling me how Russia conspired to fix the US elections …. how Putin is the devil etc etc…..

    And conversations about how we are going solar and EV….. and how awesome that is….

    As there is no point in disagreeing ….. I am going to think of this every time I encounter delusional thought…. and my mantra will be yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya….

    Just thinking about this brings me inner peace and calm…..

    • Greg Machala says:

      Almost can’t turn the propaganda stream off….they have CNN on gas pumps here. Jeeez!

      • Fast Eddy says:

        When in airport lounges I have asked that they turn of the blaring CNN…. usually they don’t … I understand CNN pays for the rights to broadcast in some lounges…

        I keep forgetting to print out FAKE NEWS on pieces of paper… then get some sticky tape … and post them on the Tee Vees when nobody is looking … some day I will remember

    • Been doing this for some time now but I occasionally can’t resist putting a spanner in the works. Guess I’m addicted to that look in their eyes when they kind of get it but immediately change the subject… look… over there… a man is being really silly on the tv screen… ooooh… there’s a cat playing with an insect… who won the football… what are we having for lunch tomorrow…

      I need to stick to the script…

      yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya…. yup …. yeah…. right … u-huh….. ya….

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