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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1,605 Responses to Why political correctness fails – Why what we know ‘for sure’ is wrong (Ex Religion)

  1. Fast Eddy says:

    http://www.zerohedge.com/news/2017-10-16/ex-dea-agent-blasts-congress-and-drug-industry-creating-opioid-crisis

    Whistleblower Joe Rannazzisi is telling all when it comes to placing blame for the nation’s opioid crisis. He says drug distributors pumped opioids into communities in the United States knowing that people were dying and that the US government is helping.

    • Read for comprehension says:

      Drugs in the USA have been overseen by the DEA to extract wealth to counter “Independence Day”

      https://orig00.deviantart.net/e2a1/f/2014/230/b/0/reptoid_by_breyen-d7vqblr.jpg

    • I found an interesting article by a doctor named Edwin Leap. https://www.medpagetoday.com/Blogs/KevinMD/68504?xid=nl_mpt_DHE_2017-10-13&eun=g442133d0r&pos=1

      It says,

      Unless you’ve been living under a rock, you’re well aware that the U.S. is in the grip of a really big epidemic of opioid abuse. The epicenter of much of this has been my beloved Appalachia. My hometown of Huntington, West Virginia, might as well be re-named “Oxycontin,” or maybe “Heroinville.” It’s ugly.

      Enormous amounts of ink have been spilled on this topic, and I don’t intend to explain the genesis of it in detail. In short, however, about 20 years ago, some doctors thought we weren’t being kind enough in our treatment of pain. Some articles were published to draw attention to this theory. We started using the pain scale. 0 = no pain, 10 = the worst pain ever.

      Around the same time, administrators discovered the customer/patient satisfaction score. Taken together, physicians and nurses were pressured by academic peers and medical directors as well as administrators, to give more pain medication.

      So, to recap mathematically:
      Pain scale x Satisfaction score = Better reimbursement + Death

      Recently, smart people have discovered that a lot of what we were told to do in clinical practice was probably (to put it delicately) utterly stupid and ultimately deadly. Having said that, not all of the drug abuse in the country is because doctors gave out too many pills (although pill mills are obviously a problem).

      So whether or not the pharmaceutical companies had a plan to sell more pills, hospitals and emergency rooms compete on “patient satisfaction.” They can get more reimbursement from insurance companies this way, and perhaps get recommendation scores when hospital comparisons are made. Patients will be happier.

      IIRC, there was an academic study (or perhaps just a letter to the editor, claiming that this is what academic studies showed) that claimed the opioids were non-addicting, except in certain very limited situations. So all of this emphasis on more pain medication would bear little risk of addiction.

      • J. H. Wyoming says:

        https://www.healthline.com/health/addiction/addictive-prescription-drugs#overview1

        9 most addictive pharmaceutical drugs. Unfortunately there is a profit incentive to get patients addicted to Pharm drugs for the rest of their lives. It establishes a reliable income stream for the industry.

        • Greg Machala says:

          More evidence of destructive growth. Imagine if all the drugs that were sold today were only for real conditions and not redirected to addicts. The profits of the big pharma would plummet. Can’t have that. High fructose corn syrup isn’t good enough so gotta have people hooked on something even more profitable …. drugs. Preferable something that costs $100.00 per pill.

        • xabier says:

          I rather like the idea of ‘altered levels of consciousness’ from cough syrup! Is it really so easy to get a glimpse of Heaven, thanks to Big Pharma?

          It seems the Ancient Egyptians started the habit of excessive consumption of drugs – too much time on their hands in those temple complexes I suppose.

      • Fast Eddy says:

        And there is little interest in hoisting a pitch fork when smashed on heroin

        • Mark says:

          You’ve never jonesd’ for a fix. 😉

        • Greg Machala says:

          Yes, that is a good point. Dope the populace up and they becoming quite docile. High fructose corn syrup does this to some extent as well. But, opioids are even more effective. And the idiots pay money for the drugs – it is a win-win for the drug companies and MIC.

    • Jesse James says:

      Seems to be a very flighty fellow. Just like the truth about what happened in Vegas. It seems to be escaping us.

  2. Davidin100millionbilliontrillionzillionyears says:
  3. Davidin100millionbilliontrillionzillionyears says:
  4. adonis says:

    ‘European Central Bank President Mario Draghi said Thursday that central banks might need to reuse some of the weapons employed to fight the last war, most notably negative interest rates’ http://www.foxbusiness.com/features/2017/10/12/central-bankers-use-moment-calm-to-debate-how-to-fight-next-crisis.html
    .

    • I can believe this. How well it will work is another question. As I understand the situation, if there are negative interest rates, people in Japan seem more rather than less inclined to hoard their savings (rather than spend them).

      • Fast Eddy says:

        ‘Central bankers, basking in a moment of synchronized growth and a global economy less dependent on easy-money policies’

        See how the MSM just makes shi t up.

        And because humans are quite stupid beasts… they will be calmed by that statement .. it’s all getting better …. the wolf has been sent on his way…. and they go back to munching grass..

        The only problem is that for a lot of the beasts … there’s not enough grass to go around… they still suspect the wolf is lurking

      • xabier says:

        Economists always seem to argue that it is ‘ irrational’ to save when money is losing value steadily,and the thing to do is seek yield from investments.

        But this goes against basic psychology – back to Neolithic people storing dried and frozen meat.

  5. psile says:

    Saudi Aramco Reportedly Shelves IPO In “Face-Saving” Move

    http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/09/15/20170915_aramco_0.jpg

    Hmm, looks like they’re going to sell it to some hedge funds instead…

    Now the sheiks won’t have to suffer the indignity of being called out on their magically refilling 265 billion barrels of oil reserves, once the thing had gone public. But why on earth would anyone still want to buy it? Unless it’s a hostile takeover?

    • If there is even 5% outside ownership in an IPO, they would have to have the 265 billion barrels of oil reserves audited. If it is a private placement, perhaps with the Chinese government or with hedge funds, they might be able to keep information like that private.

      • psile says:

        I think that’s the plan. Blows their reserves figure sky high though. But why would anyone still want to buy in, unless it’s a fire sale, or part of a hostile takeover?

        • Davidin100millionbilliontrillionzillionyears says:

          China loves fire sales.

          if SA is desperate enough, the Chinese might get themselves a good deal.

    • Rob Bell says:

      Saudi Arabian oil reserves are overstated by 40% – Wikileaks
      https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

      BP 1.7 Trillion barrels proven oil reserves NOT so proven
      http://crudeoilpeak.info/oil-reserves-and-resources-as-function-of-oil-price

      • I agree that Saudi Arabia’s reserves are funny numbers.

        If we could get oil prices up to $300 per barrel, and keep them there, I imagine that quite a few of the questionable reserves could be produced. There is heavy oil in Saudi Arabia, for example, that could be steamed out, if the cost were high enough.

        • jupiviv says:

          @Gail, what is the reasoning behind the $300 figure? Do you just use it as an example of an unreasonably high oil price or is there more to it? If the latter then some I’d appreciate some more info.

          • $300 per barrel is the number the International Energy Association has been using to justify the high amount of oil that they are assuming is really available to people of the world. If we can only get the price up to $50 or $60 or $70 per barrel on a sustained basis, we will be able to extract very much less oil than they are assuming.

            IEA figure showing oil extractable at various prices

            This is IEA Figure 1.4 from its World Energy Outlook 2015, showing how much oil can be produced at various price levels.

            • jupiviv says:

              Ah I see. One would certainly expect the oil price to skyrocket if the economy really was doing well. Perhaps a gradual chanelling of resources away from the actual economy and towards resource extraction is how collapse will happen.

              The fake economy can keep growing with brilliant and innovative entrepreneurs like Musk rolling out fantastic ideas and products while losing money. All the while, the actual economy crumbles. This would be a hybrid fast/slow collapse scenario, and probably most likely to happen or indeed be happening right now. The only question is how and when the real economy stops crumbling and crashes down all at once.

            • Fast Eddy says:

              ‘Musk rolling out fantastic ideas and products’

              Can you name some of these fantastic products and ideas?

            • Rob Bell says:

              The market will not accept expensive oil because it collapses the economy.

              Causes and Consequences of the Oil Shock of 2007-08 (Hamilton, 2009)
              https://www.brookings.edu/bpea-articles/causes-and-consequences-of-the-oil-shock-of-2007-08/

  6. psile says:

    Ophelia was an “off the charts” storm

    https://s.w-x.co/wu/ophelia-radar-landfall.png

    …we know that Ophelia was an extremely unusual storm is that is broke some of the graphical displays we use to view the forecast. The National Hurricane Center graphical forecasts of the storm’s track had to be truncated east of 0° longitude (the Greenwich Prime Meridian), since they never planned for the possibility that an Atlantic hurricane or its identifiable remnants could make it so far to the northeast.

    • Tim Groves says:

      Nice picture!

      It’s interesting that while the North Atlantic has been much more than usually active this year, on a global basis, accumulated cyclone (inc. hurricane and typhoon) activity is quite a bit below average. Not that you would have heard much about this from CNN.

      http://wx.graphics/tropical/

      2017 Accumulated Cyclone Energy
      http://notrickszone.com/wp-content/uploads/2017/10/Maue-10-10-17-ACE-768×381.png

      • Fast Eddy says:

        What… no headline across the MSM:

        Fewest Hurricanes in a Year since ………

        Can’t have that… that would make people think…. and that’s not the agenda… they must think …. what Al Gore wants them to think

      • Interesting!

        • Fast Eddy says:

          To some people that is not at all interesting…. it makes them more glum than ever….

          They want cherry picked data points that confirm that we are soon going to broil… only that makes them happy…

          Fortunately as we all know — we won’t broil because we don’t have half a trillion tonnes of carbon left to burn … and even then who knows given the models are all over the place.

          Burn More Coal — because it does not matter

          • How much climate change hits the front page of papers depends on the pre-existing views of those living in close proximity to the aberration on the high side. People are now convinced that we have the ability to fix more problems than is really the case.

        • Tim Groves says:

          My view, for what it’s worth, is that variations in cyclone activity (and lots of other weather phenomena) are probably determined more by ocean surface/near surface heat content than anything else, and that this varies considerably regionally from year to year.

          For instance, we know about the ENSO phenomenon moving heat across the Pacific every 5 to 7 years to form El Nino and La Nina events, and the AMO and PDO moving heat north and south quasi-periodically in the Atlantic (around 70 years) and the Pacific (around 20 or 30 years) respectively. And there are probably lots of other smaller ocean cycles that have yet to be spotted or analyzed.

          Most of the heat in the climate system resides in the oceans, so it make sense to assume that variations in weather and climate are mainly due to corresponding variations in ocean heat distribution. When meteorologists try to forecast the weather next week or next month, they don’t even glance at the CO2 level. But they look in detail at ocean heat distribution. They know a thing or two about cause and effect.

  7. Rob Bell says:

    Miami politician says aliens took her on a spaceship. Now she’s running for Congress.

    “Three blond, big-bodied beings — two females, one male — visited her when she was 7 years old and have communicated telepathically with her several times in her life, she says.”

    “She described “going up” inside the spaceship —“I went in. There were some round seats that were there, and some quartz rocks that controlled the ship — not like airplanes,” Rodriguez Aguilera said.”

    http://www.miamiherald.com/news/local/community/miami-dade/article178813586.html

    Holy shit! LOL

    • J. H. Wyoming says:

      Well if people are desperate enough to vote for insane Trump then why not this candidate?

      • Davidin100millionbilliontrillionzillionyears says:

        “… and some quartz rocks that controlled the ship…”

        but I want to know what energy source is used to power their spaceship!

        I mean, the Earth could be saved!

        please, Mr. Alien sir, please share.

        BAU forever!

    • Greg Machala says:

      Quartz rock / dilithium crystals – Star Trek!

      KIRK: Mr Spock, is there any evidence or history of quartz rock powering a starship?
      SPOCK: None that I am aware of captain.
      KIRK: What about round seats. Is there some meaning to round seats in a space craft?
      SPOCK: Computer – analyze – “round seats and quartz crystals” – question, can this power a space craft? Beep Beep Beep – negative.
      KIRK: I see. So, this Rodriguez Aguilera is being disingenuous. .
      SPOCK: It would seem so captain.

      Who is she trying to fool. Clearly some village is missing their idiot.

    • It is ironic that Monarch seems to have failed partly because oil prices were too high, because the value of the pound had fallen.

      The Russian airline VIM-Avia seems to have failed partly because oil prices were too low, and the value of the ruble was too low. Of course, Russia is an oil exporter, so low oil prices mean something quite different. Low oil prices affected the ability of citizens to use the airline, so reduced demand.

  8. psile says:

    Big polluters: one massive container ship equals 50 million cars

    https://assets.porttechnology.org/images/made/images/uploads/wygwam/maersk_we_are_on_a_journey_to_transform_maersk_line3_550_367_84.jpg
    “15 of the world’s biggest ships may now emit as much pollution as all the world’s 760m cars” :O

    Shipping is by far the biggest transport polluter in the world. There are 760 million cars in the world today emitting approx 78,599 tons of Sulphur Oxides (SOx) annually. The world’s 90,000 vessels burn approx 370 million tons of fuel per year emitting 20 million tons of Sulphur Oxides. That equates to 260 times more Sulphur Oxides being emitted by ships than the worlds entire car fleet. One large ship alone can generate approx 5,200 tonnes of sulphur oxide pollution in a year, meaning that 15 of the largest ships now emit as much SOx as the worlds 760 million cars.

    • Tim Groves says:

      Shipping is one field in which wind power has proven itself very effective, and most ship owners prefer burning hundreds of millions of tons of fossil fuels per year and emitting 20 million tons of SOx to going clean, green and breezy. Funny that. Ships should be the first transport systems powered by renewables.

      https://www.marineinsight.com/wp-content/uploads/2011/08/Preussen.jpg

    • I think of Sulfur Oxides as producing local air borne pollution. The theory was that as long as ships operated at sea, there was no point in going to the expense of refining the oil to take out nearly all of the sulfur. As a result, ships have tended to use very low-quality fuel (bunker fuel), which is cheap but high sulfur. A recent study says that SO2 emissions from ships can exacerbate ocean acidification. https://ec.europa.eu/jrc/en/news/ocean-acidification-exacerbated-emissions-ships-major-shipping-routes

      If ships are forced to use fuel which is twice as expensive, (because extra refining is required, to get rid of the sulfur), this will raise the cost of transporting goods internationally. Ultimately, it will tend to push the world away from globalization, in the same way new tariffs for shipping goods across the ocean would. We can expect, as a result, oil prices to fall farther, and world economic growth to slow.

      • J. H. Wyoming says:

        Just another example of painting ourselves into a corner by taking short cuts, i.e. failing to take responsibility for the long term effects of unrefined fuel with high sulfur content. But I’m sure Trump will sign off on the idea ocean acidification is no problem.

  9. interguru says:

    Ben Bernanke is worried — and perhaps we should be, too.

    As chairman of the Federal Reserve from 2006 to 2014, it was Bernanke, along with others, who prevented the worst recession since World War II from becoming the Great Depression 2.0. Now he fears that, should another sharp recession occur, the Fed won’t be able to contain it.

    ……………………..

    In a paper presented recently at the Peterson Institute for International Economics, a Washington think tank, Bernanke judged that these policies — to some extent — had helped end the Great Recession and sustain the recovery. What troubles him now is the possibility that the same policies won’t work in a severe recession or financial crisis in the future.

    http://www.realclearmarkets.com/articles/2017/10/16/ben_bernanke_is_worried_maybe_we_should_be_102921.html

  10. J. H. Wyoming says:

    https://www.bloomberg.com/news/articles/2017-10-15/yellen-says-fed-to-raise-rates-gradually-as-inflation-picks-up

    “Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.

    “My best guess is that these soft readings will not persist, and with the ongoing strengthening of labor markets, I expect inflation to move higher next year,” Yellen said Sunday at the Group of Thirty’s Annual International Banking Seminar in Washington.”

    My goodness the FED are amazingly good at making stuff up to push the idea of raising interest rates ever further into the future. Now Yellen expects inflation to go higher next year. What happened to raising interest rates 3-4 times in 2017?! It’s getting to be a laugh! Obviously they can’t raise them because then all those loans would go belly up, the stock market would tank and there would go the so called recovery. The FED are professional BS specialists.

    • adonis says:

      the fed may have done enough by raising rates to the level they are now to allow public perception around the world to blame the US, Trump and the Fed when the system implodes this will be the perfect opportunity for the Currency Reset to be introduced that will be spearheaded by China and backed by the IMF. Once this system is offered to the world’s governments they will jump at it as they will have no solution to the deflationary death spiral they find themselves in when the system implodes, i am now all set up to enjoy the coming collapse with all my favourite foods and drink (wine) and watch this blockbuster movie play itself out we are only weeks away or less when the system implodes i will only say this one more time physical gold or silver will decide whether you end up a slave or a freeman in the foreseeable future

      • Fast Eddy says:

        You are in for the mother of all surprises….

      • There are couple of problems with your scenario:

        – certain faction of US elite might get even more insane from the perspective of the country looming disintegration and irreversible abject poverty, hence they will start lobbing nukes first, be it in proxy war or directly hitting top contenders, outcome very unclear..

        – probability of getting new albeit temporary plateau attempt of reworked global financial arrangement where the western powers suddenly play a much lesser role is indeed not zero, but you fail to think it through the necessary conclusion in the era of depletion as it necessarily must function as very deliberate oppressive and re-distributive system, where little people can hardly maintain their “freedoms” status-purchasing power by the same tools of the big player, this holds true especially on the “loosing part” of the conflict, ..

        – that schadenfreude moment after the realization of what’s happening will be be very brief to enjoy and in many places it will actually fuel the chaos, even in some lucky enclaves managing temporary plateau it might materialize at best as in some noticeable level of impoverishment, loss of liberties, ..

      • J. H. Wyoming says:

        “…when the system implodes this will be the perfect opportunity for the Currency Reset to be introduced that will be spearheaded by China and backed by the IMF. Once this system is offered to the world’s governments they will jump at it as they will have no solution to the deflationary death spiral they find themselves in…”

        Agreed, as it is the most logical next desperate step to be taken, but not sure it will do much of anything. Keep in mind just how massive the bubble has been blown and how enormous the world economy has gotten with China on board. Once that ship sinks, sure, what you wrote above will be attempted, but if only a small percentage of people can participate then what good is it? Those with silver and gold might be able to buy a little more food & water, but the overall economy will still list and sink. Then hundreds of millions or even billions will have a hand out and chaos will ensue. Plus the underlying cause as we all know it here will not have changed.

      • alex says:

        If maybe I mistaken .But I think you are Cathal “putrid”

    • Greg Machala says:

      Yep it is all bull$hit now. Have faith and believe.

  11. adonis says:

    the elites have a plan B and OFW’ers have completely missed it how have they missed it they have failed to do the research and connect the dots to connect the dots you need to have an open mind open to all sorts of possibilities and the main possibility being that ever since 2008 the ‘patient’ has been in a coma yet Bau continues and it will continue for another ten years once 100 % of all the world’s interest rates permanently enter the twilight zone of negative interest rates.it feels so good finally knowing the truth that this industrial revolution will continue for a lot longer

    • psile says:

      Ok Mr. Smartypants. What is it? ZIRP/NIRP have already been tried where it counts. NIRP in Albania or Zambia, for example, does not.

    • Tim Groves says:

      My take:

      Collapse—the end of BAU—will all always seem to be ten years away right up to the point when it occurs due to a catastrophic systemic failure that can’t be repaired or worked around.

      There will be no official advance public warnings because that would be counterproductive.

      Any major failures that can be averted with shoring up or repaired with duct tape will surreptitiously attended to and any overt signs that collapse is approaching will be papered over, so to the commonsense conformist eye, everything will seem to be running normally right up until we step off the Seneca cliff.

      The impending collapse will not be televised.

      • Greg Machala says:

        I too think that things will just come to a stop. There will be no warnings or panels of experts on TV talking about it. The credit markets will seize up at some point. It will be touted as temporary. However, shortly there after, “CLOSED” signs pop up everywhere. You run out of gas in your car and then the power fails. Chaos ensues when people realize the power isn’t coming back on and they are hungry. Communications are down and chaos is everywhere. I doubt there will be police keeping order in the streets either. The police will be hunting for food too.

      • You may very well be right. The plunge protection team will work overtime, until at some point, asset prices drop all at once, and banks fail. Or China will have a major problem that cannot be contained, and will spread to the rest of the world.

      • Fast Eddy says:

        This is along the lines of what I was thinking when the power went off the other day…. no announcements… just one moment its BAU.. and the next the bubble I live in is gone….

        As we know the news is a propaganda tool — it does not exist to inform….

        So why would we be informed when BAU is going down? What do they give a f789 about letting us know the world has ended?

        We know that those who control the MSM think of us as cattle….go yim = cattle. Stupid dumb animals….

        We know that they will kill innocent people without hesitation – IF it is their interest. Sure they’d like to keep their herd around but that would be impossible – so why bother to even give us a heads up. We do not matter (and we don’t)

        I would imagine that when the end comes they will hop into their choppers and lock themselves into their mega bunkers and just leave the cattle to wander around in confusion wondering why the lights aren’t coming back on….

        And then the feeding frenzy will begin.

        https://i.pinimg.com/originals/34/af/b2/34afb2918c2ca3fe7c8c64dbce606a2d.gif

        I might add that if that’s the way it goes down this is going to be such a let down. I was hoping for coverage of mass riots… cities in flames… Wall St bankers jumping from towers….

        And I probably won’t even get a chance to tell anyone — SEE – I TOLD YOU SO!

        If this is the way it goes down I will definitely need some anti-depressants to get me through the last couple of weeks of life….

        • “I was hoping for coverage of mass riots… cities in flames… Wall St bankers jumping from towers….”

          Dude… that’s been happening for years. So the prelude phase is done and done. We’re on the main course now. Pull up a chair and tuck in.

          And judging by the overly descriptive nature of your posts over the years it baffles me why you’re not already knocking back the happy pills with gusto. What are you waiting for? Enjoy!

  12. Fast Eddy says:

    Pulled from the comments https://srsroccoreport.com/worlds-largest-oil-companies-deep-trouble-as-profits-vaporize-while-debts-skyrocket/

    NASA Study: Industrial Civilization is headed for Irreversible Collapse (Motesharrei, 2012)
    http://jayhanson.us/_Biology/OvershootCollapse.pdf

    UK Royal Society Study: Now, for the First Time, a Global Collapse Appears Likely (Ehrlich, 2013)
    http://rspb.royalsocietypublishing.org/content/280/1754/20122845

    Study: Limits to Growth was Right. Research shows we’re nearing Global Collapse (Turner, 2014)
    http://sustainable.unimelb.edu.au/sites/default/files/docs/MSSI-ResearchPaper-4_Turner_2014.pdf

    Study: Financial System Supply-Chain Cross-Contagion: in Global Systemic Collapse (Korowicz, 2012)
    http://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/

    The End of the Human Race will be that it will Eventually Die of Civilization –Ralph W Emerson

  13. psile says:

    And from the book of fairy tales…

    Can Canada’s Population Reach 100m by 2100?

    Hmm, the opening reads…”Canada’s population needs to triple to 100 million by 2100 if it is to continue to stay relevant on the international stage.”

    More like, Canada’s population needs to triple to 100 million by 2100 if it is to continue to with it’s non-stop Ponzi schemes.

    • Davidin100millionbilliontrillionzillionyears says:

      I don’t have the source, but anyway…

      I’ve read that Canada annually exports a higher % of its resources than any other nation.

      that’s certainly the Ponzi way to have more wealth today and less wealth in the future.

      but if they time it right, they can stay sorta wealthy until The Collapse.

      perhaps that’s a good plan?

    • “Non-stop Ponzi schemes” — good point!

  14. psile says:

    Something you don’t see every day…a hurricane this far in the north Atlantic. Expected to make landfall as a CAT1 storm in Ireland tomorrow.

    http://media.al.com/news_impact/photo/10-14-hurricane-ophelia-track-map-4-pmjpg-0f27f8bbe08d2c83.jpg

  15. Kurt says:

    Once again, ofw is kind of boring tonight. Lets raise our game a bit people! A new topic – why are rich people unconcerned about our current state? I know, I work with them. They could care less about this any of this stuff. They are planning 10 years out. And pleeeeeeease don’t start with the bunker nonsense,

    • Mark says:

      Cornucopian myth of unlimited resources.

      • William Catton’s book “Overshoot” is good.

        As long as people believe that the only direction for energy prices to go is up, when there are shortages, they misunderstand the real problem. Catton understands at least part of the problem.

        • Artleads says:

          So when you repeatedly say that fuel prices need to go up, I guess you mean go up as an emergency measure to prevent an earlier crash.

    • Davidin100millionbilliontrillionzillionyears says:

      hey Kurt!

      life isn’t all this:

      https://www.youtube.com/watch?v=_WFLUhSym80

      you know?

      not non-stop action!

      but re: “rich people”…

      humans discount the future!

      a person with lots of dough for the next “10 years out” has gotta make some plans.

      “they” most likely are discounting “20 years out” to zero.

      now, myself, being a semi-Doomer…

      I would say to plan 10 years out but with low confidence in BAU.

      if BAU holds, then that sorta works.

      if BAU turns into The Collapse, then go to plan B.

      though…

      I don’t know any plan B that might work.

      so there’s that.

      cheers!

      keep the BAU-LL rolling!

    • This has been addressed here several times already.

      First of all, lets be real and differentiate a bit, you most likely refer to the upper middle class and or lesser nobility. I seriously doubt you personally hang out with the royals and or the share holders of the global financial reserve system, or the Russian/Chinese deep state etc..

      Most of the visible “rich” level are simply one time wonders or originating from the pedigree of few generations of inherited and properly managed wealth. They are born and accustomed to past ~150yrs of more or less same quasi stable system in which it is not that hard to make few %thousands each decade or two in various up and down cycles, and hence beat the inflation, evade the occasional wider wars and revolutions, simply stay on top. Obviously, it’s not 100% success rate for everybody, there are also some waste and dropouts of this wealth due to sheer incompetence, fraud, bad luck in politics/timing etc.

      So, in total this culture breads overconfidence, they feel indestructible in reasonably weathering smaller cycles and societal upheavals, but as history shows they usually can’t survive longer-larger one impacts like ~300/500/1000s yrs cycles of profound changes..

      PS The top of the top finacial guys have direct access to gov/mil bunkers (not saying this will help them in the end), and I’m not going to discuss some silly family sized installations you might have on the mind, which are on the market for the ordinary folk as well..

      • Overconfidence… they feel indestructible

        That just about sums it up… and we all know where that leads…

        The cheats have to outcheat all the other cheats until there’s no cheating left to be done…

        And we all fall down…

      • Fast Eddy says:

        I was on skype with a friend who while not in the private jet class… retired at 42 and is well set… having a discussion about Bitcoin (and tulips)…

        I explained that I was not particularly interested in understanding Bitcoin and that I was more focused on the energy situation because that trumps all other issues…

        He did not disagree with my take on the energy situation but ranked in terms of concerns up there with running out of fish and fresh water… things that are certain … but not necessarily imminent.

        The consensus was all of these things could go on for a very long time — so better to keep dancing while the music plays.

        Maybe he is right on energy… I expected BAU would be long gone by now….

        http://media.tumblr.com/da2df590b7907c23c7d32b23c55f50a7/tumblr_inline_mqrputsdRr1qgnocf.gif

    • xabier says:

      To care would place in question the fundamental premise on which their lives are built: that all those little zeros in their bank accounts and the valuations of their real estate represent a durable reality.

      A bit like trying to convince an Ice Age hunter that the meat he’s chopped up wouldn’t keep under the frozen stone pile and would be rotten when he tried to eat some in 3 month’s time. To awful to contemplate.

      Also, none of them have any experience of serious civil disorder aimed directly at grabbing what they have. They expect the mass of society to go down quietly, living on welfare,and to come out on top even if some assets are wiped out or reduced in value. Being able to invest globally helps maintain this illusion.

      • +++++++++

        They expect the mass of society to go down quietly…

        Hah good luck with that…

        • Tim Groves says:

          I was listening to Alex last week on the LA shootings and he was adamant that there were lots of real victims — something along the lines of “This is not a hoax, folks!” One of the reason’s he concluded that after looking at the video evidence was that he has been hunting elk in the US and game in Africa and has taken his son hunting, and often a high velocity will go in one side of the animal’s head and out the other and the wounds will not necessarily be easily visible or result in blood spurting out all over the savannah.

          • Fast Eddy says:

            Like JFK!!!

          • Ha! Case closed.

            Controlled opposition are free to twist things however they want as long as it prevents the punters from actually getting to the truth.

            My take on this… we are embedded in a narrative where all sides are playing a role conducive to the pursuit of an endgame of sorts. That endgame has always been total and absolute power over life on earth. And once that goal is achieved to procede with the destruction of god’s creation (their words not mine) through the gradual replacement of every element of it (GMO, transhumanism, robotics, AI, depopulation etc).

            This is the narrative that I’ve uncovered over the years. Your take on things may be something entirely different.

            In my opinion… this goal is relatively simple to implement. Once you have the majority of people hooked on BAU, then all you have to do is threaten the removal of it and people will do anything you ask of them.

            > walk away from the king and perish
            > accept further loss of freedoms but survive comfortably

            As a fully domesticated species I believe poeple will opt for the least painful option. And of course it may be the case that the controllers have not fully understood the process of overshoot… or maybe they have and that is part of the goal.

    • Hi main thesis is, “Technology boosts incomes and saves nature.”

      If we would substitute technology for cheap energy, we would be in great shape. We cannot. Technology leads to greater wage disparity, as some become the owners and operators of the technology, and others are left without jobs.

      • Sven Røgeberg says:

        http://www.power-technology.com/features/featurecould-the-middle-east-go-fully-renewable-5819109/

        Nafeez Ahmed has revet ly at least twice refered to a study under the leadership of Finlands first Professor of Solar Economy.
        To good to be true?
        https://www.researchgate.net/profile/Christian_Breyer

        • Sven Røgeberg says:

          If you skip both ends of the article, I can recommend the four axioms of Jonathan Rutherford. You could argue over some issues, but the big picture is close to what Gail is elaborating.
          https://medium.com/insurge-intelligence/whats-really-driving-the-global-economic-crisis-is-net-energy-decline-82efb9ca45fe

          • lots of amusement to be had there.

            As I pointed out to Rutherford in a comment on that article, he makes no mention of political chaos—which will be the main problem we face over the next 50 year or less. (He did acknowledge that, to be fair)
            He goes along with the popular fantasy that all will be well and we can become gentle gardeners (or something)–take out 90% of energy input and that’s all we will have left. trust me on that.

            He also exposed glaring ignorance of what “capitalism” is–saying that it started 300 years ago

            Totally wrong. 300 years ago was the point at which capital started its diffusion among the lower orders (ie you and me).
            Before that time, capital (the means of energy production) was in the hands of kings and nobility and the church.
            Fossil fuels provided everyone with capital (energy availability–cars houses planes healthcare etc)

            Societal reconstruction?? Does OFW advocate that or suggest it can be done? That’s Heinberg territory I think.

            Who will oversee that?—It will require a controller with powers of enforcement, (globally) and controllers (aka dictators) are invariably unpleasant individuals.
            They will readily recruit enforcers who enjoy using force. (they always do)
            I can guarantee that it will carry religious overtones with it.

            Do you seriously imagine that 190 nations will accept that? Check El trumpo night now—He’s picking an EPA head who insists CO2 is not a pollutant –50% of Americans believe that.

            Need I go on?

            the concept of the middle east going fully renewable takes hilarity into the realms of hysteria.

            In case you hadn’t noticed, the Mideast is in a state of permanent conflict.
            Saudi Arabia holds itself together by using oil money to buy off different factions, so they can gold plate their cars and fly them the London every summer.
            When the oil finally goes, SA will explode as will the rest of that region—far more than now.

            Do I need to elaborate on what would happen to 100 sq miles of solar panels in a conflict?
            Leaving that aside, solar panels need constant washing—particularly in deserts.
            That requires water, which the locals are short of.

            The only ultimate use for saharan sand is sticking heads in. They are good at that—but so are we.

            • theblondbeast says:

              It’s cold comfort to think that what might save us from FE’s spent fuel rods is the brutal crack down of authoritarian governments on the rise. But I do think you have best made this point. In the same way that there are good reasons (articulated by Gail) to think oil prices may drop rather than the default assumption they will rise, I think there are good reasons to believe the end of BAU means at least a temporary increase in militant government. Note: This does not mean law and order won’t also decline, as seen in Venezuela.

        • Fast Eddy says:

          April 1 is still some months away…..

      • ++++++++

        Even without the impending collapse scenario… The increasing number of useless eaters would not be able to afford the output of a fully automated economy no matter how affordable the products become or how much basic income you provide.

        We have already invented a system whereby unnecessary purchases are made by encouraging false values to gullible creatures that truly believe that swapping their 40″ LCD TV for a 50″ LED TV is going to revolutionize the meaning of personal happiness and joy in their lives.

        The fact is that we don’t even need to employ built in obsolescence any more because the deliberately staggered release of incremental technological improvements will suffice to continue the churn of routine purchases until saturation is complete.

        The driving force of national economies – vehicle sales – has been faltering for some time with car sellers looking more like loan sharks and insurance brokers now. The churn of swapping a new vehicle for an upgrade every few years has reached peak and the economy cant run on used car sales or any other second hand market.

        So what gives… We are funding technological improvements to allow the transfer of large numbers of people from A to B and back again. That is essentially what is happening. And many of those people are only doing so because it allows them to earn money to spend on bigger and better and fancier vehicles with which to travel back and forth between A and B. And this strange activity allows others to sell coffee and snacks to these individuals and yet others to fix their vehicles when they break down.

        And swapping out the petrol engine for electric batteries does nothing to change the fact that most of the travel from A to B is a complete and utter waste of time and energy.

        What will the owners and operators of this fraudulent system do when they realise that the more you automate everything the less people will be able to make use of said automation?

        The general argument is that everything gets cheaper with further automation and economies of scale. The truth is that people are paying more and more every month of their lives just to stay alive and keep up with the Joneses because the smartypants didn’t factor in that human stupidity and greed would also increase.

        • I think you are right about this. Swapping 40″ LCD TVs for 50″ LED TVs doesn’t get us very far; sale of used vehicles does not stimulate the economy in the way that the sale of new vehicles does.

          It would seem like expenditures that truly help the world economy become more efficient in producing and delivering goods and services would help the economy. We can think of a lot of examples:

          1. Anything that produces better interconnections among different “nodes” of the economy. Building roads for the first time was helpful in this way. Adding additional lanes to accommodate more traffic might be helpful in this way. Even finding approaches to regulate traffic, so it flows more efficiently, such as different lane patterns and lights for regulating the addition of new traffic to an expressway. Adding railroads, years ago, was helpful in this regard.

          2. Another thing that produced better interconnections would be the internet. Also, higher level government organizations, to encourage flow of goods among countries.

          3. More efficient machinery and self-driving cars would seem to go in this direction. So would more higher education.

          4. More debt availability at lower interest rates, would seem to make goods more available to buyers.

          —-

          The catch as we go this way is that there is too much wage disparity, and too many jobs are cut out.

          We can think of another way of helping the economy, namely increasing demand for commodities. This comes from either (1) strengthening the buying power of the 90%, or (2) somehow, directing the money that is spent toward goods that wear out quickly, or for some reason need to be replaced.

          In this regard, reselling cars to other buyers is not very helpful (although the wages going through the economy are somewhat helpful, in allowing car salesmen to afford new homes and cars, for example). Selling a new car or home is more helpful, because of the large amount of commodities used in building these cars or homes. Remodeling or rebuilding after storms is helpful, too, in increasing demand for commodities.

          Whenever one change is made to the networked economy, multiple changes are made at the same time. It becomes more and more difficult to say what is “good” and what is “bad” for the economy. Adding more international organizations is good for a while, but then the problem becomes too much wage disparity. But it does help keep up demand for commodities, and thus prices.

          • What is the goal?

            Do we have purpose?

            You see… I’m just not what you would call the model consumer. I’ve never been that materialistic. If everyone was like me… there wouldn’t be an economy. As a kind of modern day techno-monk / hermit I do use a limited amount of tools to get things done but that’s about it. I get a rash when I have to go clothes shopping or spend more than the usual to get something done. If I can do something myself I will and I don’t replace things until they break.

            Imagine for a moment that the young people you speak of achieve their higher education goals and most of them end up in low paying jobs working from home as is feasible for an increasing number of jobs today. In oterh words, they choose the lower pay in exchange for improved work / life balance.

            It may be that they would still have the same needs that a commuter would have. It may be that they choose to live in a property already owned instead of moving to a rental property closer to work. It may be that they don’t need a fancy commuter vehicle so opt for a practical runaround or other cheaper options.

            I don’t know… I just don’t see much purpose in accumulating more material goods which once saturation is reached leads to upgrading and replacing. I understand that people can write millions upon millions of pages on how important all of this activity is and how it’s REALLY important for the economy… but I don’t get it… and never will.

            https://investingtruth.files.wordpress.com/2012/01/spending-chart.png

            There it is… housing and transportation are the core of this economy thing. And It seems logical that the solution would be to entice the rest of the world that doesn’t yet have these things to begin aquiring them. And when everyone has basic housing and transportation the next step is through advertising (devious psychology) to entice them to earn more and aquire the next level up in living standards and goods and on and on until everyone is just replacing what they have because they can.

            Again… I don’t know about you but this game doesn’t interest me in the slightest. Their is no authentic directional purpose to it. It’s the equivalent of digging a hole and filling it and because someone somewhere has figured out a way to extract wealth from this game it is deemed a successful endeavour by all involved… even the losers.

            I want something more. Call me greedy, needful even… but I would prefer for humanity to work together towards some greater goal that is not simply the aquisition of more and more material goods to satisfy a fraudulent economic market that was specifically designed to insidiously extract wealth from the 99% to enrich the 1%.

            Now… what could those goals be and why haven’t we started work on them?

        • Tim Groves says:

          OK, I’ll come clean. I’m the one who’s been putting a break on the economy all these years.

          The last time I flew was in 1995. After the events of the 11th of September 2001, I decided I would never do so again, and the regular trickle of air rage and airport security hassle stories and the recent Malaysian Airlines incidents merely underlined that decision for me.

          I’ve never owned a car or been tempted to buy one. The single biggest reason for me is I couldn’t live with myself if I knocked somebody else down while my concentration was elsewhere. But tax, insurance, loans, vehicle maintenance and testing, parking, garaging, cleaning gasoline, red lights, congestion, road rage, and seeing other people on the road whose cars are cooler than mine take all the fun out of the idea of car ownership for me.

          As for the TV, which we only use as a video screen these days, I was happy enough with a 24-inch and only upgraded to the present 32-inch because the old set couldn’t handle the conversion to digital TV. Bigger than 32-inches I have no desire to accommodate.

          • Well… you and me both! Cuff me now and throw away the key. When I was a lad I really did believe that I was a human being. Uff How wrong I was… apparently I am… wait for it…

            a consumer
            a polluter
            a taxpayer
            a denier
            a heretic
            a potential terrorist
            a debtor
            a left wing / right wing kook depending on which way the wind is blowing
            a conspiracy theorist because I like to research topics deeper than the average bear

            These are all honorary titles by the way. I didn’t actually have to lift a finger to attain any of them.

    • Lots of rebuilding to do, but lots of people left out of jobs at the same time. If people can be forced to borrow more money to build “stuff,” GDP tends to rise.

  16. Rob Bell says:

    Once the meltdown begins everything will come crashing down. If you don’t believe read Hank Paulson’s book to get an idea how bad 2008 really was. He told G.W. Bush if they didn’t bail out the banks, the world economies would come to a halt and there would have been Martial Law in the US with tanks roaming the streets to keep law and order.

    • The first article talks quite a bit about aging populations. I can think of two connections, not in the article:

      1. An aging population becomes less able to repay loans on homes and vehicles. They need to sell their homes, and buy fewer vehicles. This hurts “demand” for homes and cars. The prices of resale homes may stop rising or fall.

      2. Government programs for the aged, such as Social Security and Medicare, are not pre-funded (except in the US, a little by “non-marketable US debt”). Generally, there is no “debt” associated with them, because governments could stop the programs tomorrow, if they chose. So somehow, taxes need to be higher to pay for these programs, as the population ages. This would work a whole lot better if there were more young people, and they were earning more money.

  17. The Second Coming says:

    The woman who cleans up after ‘lonely deaths’ in Japan
    Miyu, who was 24 when we met, works for ToDo company, whose employees clean the homes of people who have died. Theirs has often been a “lonely death”, known in Japanese as kodokushi. It’s an increasingly common phenomenon in a country with an ageing population, more elderly people living on their own and fractured connections. Miyu is the only woman and the youngest employee in the 10-person company
    In her opinion, demand for their work is increasing. Hideto Kone, vice president of Association of Dispositions Memento, estimated in February that there are around 4,000 of these companies across Japan.

    “Every year I feel more that people have been disconnected from each other, and I think this losing of connection, losing of communication is the reason [behind kodokushi],” Miyu says
    http://www.aljazeera.com/indepth/features/2017/10/woman-cleans-lonely-deaths-japan-171012115412607.html

    • Tim Groves says:

      The Japanese were traditionally a very gregarious race. Living in big families in small homes divided by paper screens with the jawing and snoring of the next door neighbors well within earshot and bathing in huge communal bathhouses, their concept of privacy was vestigial and their non-verbal communication skills were said to be little short of telepathic.

      But one way or another, modern life has taken its toll. Perhaps those non-verbal communication skills were not as refined as were advertised, or perhaps its something in the pot noodles, but whatever the reasons there seem to be an increasing number of people who find it hard to communicate at all and so they retire as best they can from society.

  18. The Second Coming says:

    Clamet Science Predictions Prove Too Conservative
    Checking 20 years worth of projections shows that the Intergovernmental Panel on Climate Change has consistently underestimated the pace and impacts of gobbly weeming
    https://www.scientificameri
    The ITCC is a joke. It was created by governments for the purpose of control in favor of BAU.

    • Tim Groves says:

      <The IPCC is a joke.

      They gave the IPCC a Nobel Peace Prize and put this man in charge of the organization for over a decade so that nobody could ever say that.

      http://i.telegraph.co.uk/telegraph/multimedia/archive/01560/Pachauri_1560514c.jpg

    • Fast Eddy says:

      Yes of course it’s a joke… now there there … I have saved you from being Auschwitzed and this is the thanks I get!

      Well then …. you better stop posting on FW — do you know how much carbon gets released each time you post!!!

      And while you are at it — stop using petrol – and electricity — stop buying stuff — stop using medical care …

      Why don’t you really make an impact — run naked into the forest and live off the land?

      Otherwise … can you please

      https://i.ytimg.com/vi/–ivUNR5ry0/maxresdefault.jpg

      • The Second Coming says:

        Sorry, Charlie, that doesn’t change things, no matter you bark.

        • Fast Eddy says:

          Hmmm… if I had children (why would I do that???) …. and I believed the planet was about to burn up because of human activities …

          Would I:

          – visit web sites using electricity to bit ch and complain

          – continue to drive a car use electricity buy stuff in the mall live in a house and fly in airplanes

          If I did both of the above what would that make me?

          Hmmm….

          Al Gore Lite? You know —- preaching to others how we have to DO SOMETHING NOW!!! Well actually how EVERYBODY ELSE … has to DO SOMETHING NOW….

          Meanwhile I continue along as I always have — with my coal and oil orgy….

          Wouldn’t I be better off to:

          https://i.ytimg.com/vi/–ivUNR5ry0/maxresdefault.jpg

          • Slow Paul says:

            You don’t have to choose. I have two kids (and two cars!). Even though we will all crash and burn at some point, I still try to raise them to become decent human beings.

            It’s not _what_ you do that is important, it is _how_ you do it. We cannot bring anything with us from this life. But we can lead a good life and help each other through this.

  19. So… I thought I’d type in Global Economic Collapse and other variants into my good friend Google to see what floats to the top of the trash heap… and this one article kept surfacing.

    Top 10 Reasons Why the U.S. Economy Won’t Collapse
    Rebuttals to Fears Using Facts

    https://www.thebalance.com/us-economy-wont-collapse-3980688

    It caught my eye because it wasn’t saying the same thing that the others were and I don’t really take Michael Snyder’s Economic Collapse Blog seriously or any of the usual tripe in the msm that glosses over the subject so it can get back to the football.

    It’s also quite recent… which surprises me. The level of confidence in this report is so high I had to wonder what the writer was smoking and why the article is so prominent in search results.

    The writer appears to have a grasp of what can go wrong based on this…

    “Second, understand what a real economic collapse looks like. On September 17, 2008, the U.S. economy almost collapsed. That’s when companies pulled out trillions of dollars from money market accounts. It would have created a severe cash crunch had it continued. The nation’s trucking industry would have ground to a halt. Gas stations would have gone dry. Grocery stores shelves would have gone empty. But those things didn’t happen because the Federal Reserve prevented the collapse. It guaranteed money market accounts and restored confidence.”

    Which sharply contrasts her intro…

    “In fact, the U.S. economy is doing just fine. Here are the top 10 reasons why it won’t collapse. Included are rebuttals to the negativists’ claims.”

    I mean… I’m a simpleton but c’mon… if the central banks had to do what they did in 2008 to avoid a total collapse and they have continued to artificially prop up the entire edifice from that day to this… then only a complete and utter maroon would say… “the US economy is doing just fine.”

    The whole world is a ponzi scheme and to call it anything else is just wrong wrong wrong. In fact, to call it a ponzi is wrong… as if it has some negative aura attached. The ever swirling spiral that sucks energy from wherever it can until it implodes is natures way and there is no escaping it.

    More than 99 percent of all species, amounting to over five billion species, that ever lived on Earth are estimated to be extinct. Estimates on the number of Earth’s current species range from 10 million to 14 million, of which about 1.2 million have been documented and over 86 percent have not yet been described.
    Extinction – Wikipedia
    https://en.wikipedia.org/wiki/Extinction

  20. J. H. Wyoming says:

    https://economictimes.indiatimes.com/markets/stocks/news/imf-panel-says-no-room-for-complacency-on-global-growth/articleshow/61088638.cms

    IMF pushing hard for increased economic GROWTH – “No room for complacency on global growth.”

    You’d think they pause for a moment and ponder why so much CB stimulus is now required to eek out tiny percentages of growth.

    • I really wanted there to be a conspiracy… because that would offer some hope… but no, they just don’t get it. They’re trying to reanimate a corpse. And as you would expect it’s quite a disturbing thing to behold. But sorrow does funny things to the brain I hear.

    • I would agree. At some point, a person might think that people would figure out that in a finite world, the rate of growth has to fall. No amount of silly accounting or stimulus will fix the problem.

  21. Peter Harris says:

    The hypocrisy in this article is breathtaking.
    Talk about confirmation bias, and conflict of interests.
    And the twisting of science and philosophy to write this feckless article is equally breathtaking.
    Example; The author of this junk quotes a discredited book on Evolutionary Biology.

    • I am not sure what “this article” refers to. Perhaps this comment is in the wrong place.

      • Tim Groves says:

        Peter appears to be the self same natural medicine practitioner Peter Harris who alternately dazzles and entertains the denizens of scienceblogs.com with his wit, wisdom and colorful language, such as the following:

        http://scienceblogs.com/insolence/2016/08/31/in-which-a-professor-who-isnt-talks-science-about-vaccines-that-isnt/comment-page-2/

        Peter Harris
        Australia
        September 6, 2016
        I’m increasingly surprised, by the level of hypocrisy, and double standards.
        gaist, Science Mom and Od Rockin’ Dave, just to name a few, would have to be the most ignorant fools one would ever come across on a science Forum.
        Their only skill they seem to possess, is some high school level social media dribble/trolling, while at the same time, they don’t even come close to making an argument for conventional medicine. Most likely because they are clueless and feckless high school dropouts that have absolutely no understanding of medicine.
        It’s just hilarious and amusing.
        And I see some self-flagellator, denies the existence of autoimmune diseases.
        Are you joking??? What staggering ignorance.

        And now the hyenas here, are doing their best to try and discover my education.
        Who said I did all my training and education in Australia?
        The arrogance is breathtaking. All the bumblers here, are doing their best to undermine my qualifications, when they themselves don’t have any!
        As if I had no right to pass opinion, but they do. As I keep saying, it’s just hilarious.

        “I will happily tell you my relevant qualification: scepticism.”
        You forgot to add your qualification of being a shill Craig Thomas.

        Just last week, I had a client who I have treated 4 times now, in tears.
        Not tears of pain, but tears of joy.
        For almost 2 decades, this woman in her late 40s had a back complaint.
        The conventional doctors pumped her full of pharmaceutical drugs, and after 14 or 15 years of no results, a back specialist suggested surgery.
        A friend of a friend passed her on to me, and after 4 treatments, which included some acupressure, her chronic back problem was cured. And of course, there were no side-effects.
        That is one of the major differences between natural medicine and the pharmaceutical industry.
        Natural medicine will treat the cause, whereas doctors and the pharmaceutical industry, will only treat the symptoms.
        The reason of course is that the pharmaceutical industry wants to make profit, and there are no profits in curing someone’s disease, however, there are billions of dollars each year made by treating someone symptoms. Why cure a customers disease, when you can treat their disease for 10/20/30 years. Anyone in marketing will know that, long-term sustainable profits, are only gained when you can have a customer that keeps coming back to you for the remainder of their life, and that’s how the pharmaceutical industry approaches their marketing model.

        Some wanker is confusing homoeopathy and Reikei with Naturopathy.
        For a start, Reiki is not part of naturopathy, and I very rarely use homoeopathy.
        But I know what you’re going to say, all the ignoramuses here will say, hey! Homoeopathy is no better than a placebo, which is not true. But let’s say it is only a placebo.
        It’s no better or worse than many of the pharmaceutical drugs, which have been proven to be no better than placebos, but of course homoeopathy doesn’t have any detrimental and chronic side-effects.

        The inane drivel here reminds me of my primary school days, when some petulant child would sulk, and not get their own way, we would say; Sooky sooky Lala.
        That’s the best way to describe all the head wobblers here.
        You can dish it out, but you sulk when it comes back at you.

        Oh, and before I go, we have another saying in Australia; “piss and wind,” which is what I read from the commentators here.

        But hey, you continue with your ad hominem, such as my level of English, when it compares to yours, and avoid the elephant in the room, and that is, natural medicine is safer and more effective than the current disastrous, and monumentally expensive system that we have today.

        It’s the same pattern of personal abuse, claims of hypocrisy, Tourette Syndrome and non sequiturs. Could it be the same Peter Harris? And if so, could there be a homeopathic herbal remedy to ameliorate these symptoms?

        Here are a few recommendations.
        -Herbs.
        -Chamomile is a very helpful and well-known herb for easing anxiety. …
        -Oatstraw is a nutritive and nervous system tonic. …
        -Passionflower is a mild sedative, pain reliever and anti-spasmodic. …
        -Valerian is a well-known, safe, gentle and natural sedative, which is useful for nervous anxiety.

    • Fast Eddy says:

      Peter — your stuuuupidity is what is breathtaking… can you put some meat on the bones of your critique… I am having a hard time getting a hold of anything to rip and tear….

      https://i.pinimg.com/originals/f1/78/95/f17895870717caab445d691ec71c967c.gif

  22. Rob Bell says:

    Trump thinks kneeing is bad. Well in Hong Kong some of their soccer fans have started booing and turning their backs during their national anthem. And some have been bringing signs calling for Hong Kong independence from China. And FIFA has had to fine them several times for not being able to crowd control.
    http://www.scmp.com/sport/hong-kong/article/2114181/hardcore-fans-boo-national-anthem-hong-kong-friendly-soccer-match

    • Fast Eddy says:

      No doubt CIA rent-a-crowds are leading the way on this …

      I am hopeful that such people are disappeared into the darkest dungeons after being charged with sedition … and locked away forever.

      Then all US embassy staff should be put on the next flight back to America.

      Meddling motherf789ers.

  23. Rob Bell says:

    You can’t live on Mars because the cosmic rays will fry your brain and give you dementia and paranoia for life. And the technology and logistics haven’t advanced far enough either.
    ( Limoli, 2016) (Do, 2016)

    https://news.uci.edu/2016/10/10/mars-bound-astronauts-face-chronic-dementia-risk-from-galactic-cosmic-ray-exposure/
    http://www.sciencedirect.com/science/article/pii/S0094576515004294

    • Davidin100millionbilliontrillionzillionyears says:

      Elon will fix this!

      within 5 years, he will solve ALL the problems!

      we are going to Mars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      we are going to the stars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      keep the BAU-LL rolling!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      • Davidin100millionbilliontrillionzillionyears says:

        Keep On Rolling!!!!!!!!!!!!!!!!!!!!!!

        • Davidin100millionbilliontrillionzillionyears says:

          don’t miss the fine print…

          You can Tune a piano, but you can’t Tuna fish.

    • Tim Groves says:

      The report in the second report was a good read and pours a lot of cold water on Elon’s dream.

    • Okay… so if we’re protected from cosmic ray exposure by our atmosphere then… what’s causing the outbreak of chronic dementia and paranoia on this panet?

      Wait, I’ve just got off the phone with Elon… he was a bit stressed actually… said he had to get back to the model 3 he was building by hand… but he managed to wave away any concerns about dementia on mars and such… it’s very simple… he said we’ve nearly cured alzheimers in our neck of the woods so all you have to do is send monthly shipments of anti-dementia drugs to mars for all the suckers… I mean lucky winners and anyway… not long from now those lucky winners will be dead and we’ll be sending genetically engineered billionaires… he said they can feel the noose tightening around their necks and want to get as far away as possible from the rabble that is ominously piling up outside their gated communities.

      From the article…

      Preventive treatments offer some hope. Limoli’s group is working on pharmacological strategies involving compounds that scavenge free radicals and protect neurotransmission.

      We already have natural compounds that do this so I really don’t know what all the fuss is about.

      • J. H. Wyoming says:

        “what’s causing the outbreak of chronic dementia and paranoia on this panet?”

        I have a theory that consciousness evolution has stalled for two main reasons, resulting in increases in outrageous behavior. 1) For example, people now seem to interact more with their electronic devices than each other. People use to sit down and have conversations with each other to discuss a whole range of stuff going on in their lives and the world. Not so much anymore and I think that has stalled consciousness evolution, and by that I mean that other stuff most intellectuals discount as being a myth, i.e. the soul. I think it’s either evolving individually and collectively or it isn’t, and right now it isn’t so the result is widespread aberrant behavior.

        2) I use to think the internet would represent a global brain and broaden people’s view of other cultures, but instead it seems to have divided people by way of airing out their different perspectives on everything from A-Z. But by airing them out seems to have entrenched viewpoints rather than broaden them. To understand this you have to realize that before the internet, most people were amongst a rather finite group of people and the range of topics was limited. Now it’s unlimited but instead of bringing people together, it seems to be dividing them. We have to ask ourselves if the internet is a globally deranged brain?

        • Well… I have to admit I think you’re absolutely 100% spot on. I mean… you just summed up the core effect that widespread technological adoption is having on human brains and consciousness in general.

          The only logical conclusion is that we are witnessing a directed attack on the human species. What else could it be? Why would a promising species do this to itself willingly?

          Now if I was the religious type… I would have to assume that a nasty humanity-hating cult had got together behind closed doors and plotted this whole nefarious thing out until they got into all the best string pulling positions… I mean… 4000 spent fuel ponds… consciousness destroying hand held devices… GMO food… health destroying pharmaceuticals… mind destroying MSM…

          You couldn’t make this crap up if you tried.

          • i1 says:

            Yeah, don’t forget aluminum nano particulate saturated brains in conjunction with high wattage microwave towers every 100 yards, add in network television/radio/periodicals with fake alternative media and confusion shall reign.

            • Oh you betcha…

              https://en.wikipedia.org/wiki/Microwave_auditory_effect

              The microwave auditory effect, also known as the microwave hearing effect or the Frey effect, consists of audible clicks (or, with speech modulation, spoken words) induced by pulsed/modulated microwave frequencies. The clicks are generated directly inside the human head without the need of any receiving electronic device. The effect was first reported by persons working in the vicinity of radar transponders during World War II. During the Cold War era, the American neuroscientist Allan H. Frey studied this phenomenon and was the first to publish[1] information on the nature of the microwave auditory effect.

              Pulsed microwave radiation can be heard by some workers; the irradiated personnel perceive auditory sensations of clicking or buzzing. The cause is thought to be thermoelastic expansion of portions of the auditory apparatus.[2] Competing theories explain the results of interferometric holography tests differently.[3]

              In 2003–04, the WaveBand Corp. had a contract from the U.S. Navy for the design of a MAE system they called MEDUSA (Mob Excess Deterrent Using Silent Audio) intended to remotely, temporarily incapacitate personnel. The project was cancelled in 2005.[4][5][6]

        • Fast Eddy says:

          ‘I use to think the internet would represent a global brain and broaden people’s view of other cultures, but instead it seems to have divided people by way of airing out their different perspectives on everything from A-Z.’

          Yes one would have expected that the internet would allow people to examine their positions on issues — and challenge them if there was a shred of doubt…. to research and find weaknesses in their arguments.

          But nope.

          As we have seen. Most are not doing that.

          They do not change their minds. If doubts are raised they reject them and look for more MSM delivered reinforcements for their existing positions.

          If Al Gore were to announce that he was the front man for the Great Hoax…. his former supporters would rush to the internet looking for negative articles on Al Gore that wreck his credibility.

          Funny that.

    • I mean… if you really want to take any of this seriously… then why haven’t we built underground cities in Siberia, Africa and Antarctica?

      Or maybe we already have…

      https://www.rdmag.com/article/2017/10/giant-hole-antarctica-remains-unexplained

      Or how about some fancy biodomes in the less habitable regions of the planet… you know… just to try things out… experiment a little to see how people get along in claustrophobic situations…

      Oh wait… some idiots already tried that…

      https://www.curbed.com/2013/6/6/10235572/a-look-back-at-arizonas-utterly-beautiful-biodome-failure

      From the article…

      Turns out being locked in somewhere with just seven people is not exactly conducive to kumbayas and peace gardens. “The media expectations were really high, and it was, to a large extent, our fault because we had promoted the idea that we were going to go in and it was going to [finger quotes] ‘work,'” Linda Leigh, one of the scientists, says in a mini documentary by The Avant Garde Diaries, an online magazine that features interviews with all manner of interesting people. “There were some mean times. People did not talk to each other; it very much was a split of two groups.”

      Then they started running out of things that are, you know, kind of important, like oxygen: “Most of us were hungry most of the time. It was difficult to walk up steps without having to take a deep breath,” Leigh says. Carbon dioxide levels rose and they had to pump oxygen in. “We said we were not going to do that. So in that sense it was a failure.”

      And that was on planet earth surrounded by Mother BAU.

      • I’m sorry… I cant help it… I’m still pissing myself at this line…

        “Most of us were hungry most of the time. It was difficult to walk up steps without having to take a deep breath,”

        F*&%ing haalarious.

        • Fast Eddy says:

          But it all sounded so dreamy … but then when put into practice … it didn’t turn out as expected…

          Reminds me of Doomie Prepper …. reckons everything is going to be just fine … she’s all set out there …

          Just like Steve over on the report — the oil is running out — but IF you buy gold and silver you will be saved…

          Popeye had spinach — doommie preppers have organic gardens and silver and gold coins….

      • Good point! I am not expecting plans like this to work very well.

        The Atlanta Journal Constitution has an article about a new book to the out shortly written by an astronaut (Endurance by Scott Kelly). He talks about the difficulties of living in a space station for a year. For one thing, the CO2 level got way too high, and he felt like the people on earth didn’t really care about the problem.

  24. Michael Rauh says:

    Gail,
    You wrote “Humans can’t use much less energy; even if we could, our energy use would always be on an upward slope, headed to precisely where we are now.”

    Of course people can use less energy. There are many surviving remnants of stone-age people living all over the world. They don’t participate in the industrial economy. They seem to do just fine when we leave them alone.

    Why would we necessarily be on an upward slope in terms of population and energy use? Again, that does not seem to be the case for indigenous people all over the world. It seems to be a matter of how badly we have trashed their way of life. I don’t think the Hopi would ever develop automobiles no matter how much time went by, simply because they probably wouldn’t be interested,

    Finally, I don’t think a person would need to be particularly religious to realize most leaders are psychopaths.

    As for world population, don’t worry. That problem will take care of itself, and probably much sooner than moist people imagine.

    I love your blog. You are a treasure.

    • Fast Eddy says:

      But what about me?

      I can’t live like a cave man!

      I wanna live I wanna live!!!

      And let us not forget — cavemen don’t know how to operate the computer controlled cooling systems that are required to stop these from burning up and releasing 56,000,000 Hiroshimas of radiation – or say 50,000 Chernobyls….

      http://www.ansnuclearcafe.org/wp-content/uploads/2014/06/spent-fuel-pool.jpg

      Containing radiation equivalent to 14,000 times the amount released in the atomic bomb attack on Hiroshima 68 years ago, more than 1,300 used fuel rod assemblies packed tightly together need to be removed from a building that is vulnerable to collapse, should another large earthquake hit the area. http://www.reuters.com/article/2013/08/14/us-japan-fukushima-insight-idUSBRE97D00M20130814

      Assuming a 50-100% Cs137 release during a spent fuel fire, [8] the consequence of the Cs-137 exceed those of the Chernobyl accident 8-17 times (2MCi release from Chernobyl).

      Based on the wedge model, the contaminated land areas can be estimated. [9] For example, for a scenario of a 50% Cs-137 release from a 400 t SNF pool, about 95,000 km² (as far as 1,350 km) would be contaminated above 15 Ci/km² (as compared to 10,000 km² contaminated area above 15 Ci/km² at Chernobyl).

      A typical 1 GWe PWR core contains about 80 t fuels. Each year about one third of the core fuel is discharged into the pool. A pool with 15 year storage capacity will hold about 400 t spent fuel.

      To estimate the Cs-137 inventory in the pool, for example, we assume the Cs137 inventory at shutdown is about 0.1 MCi/tU with a burn-up of 50,000 MWt-day/tU, thus the pool with 400 t of ten year old SNF would hold about 33 MCi Cs-137. [7]

      http://belfercenter.hks.harvard.edu/publication/364/radiological_terrorism.html

    • I am glad you like my blog.

      Actually, if you read National Geographic, they have articles about indigenous people no longer, “Doing fine.” Wild areas where they like to live are becoming smaller and smaller. The animals that they like to hunt are become overheated. They realize that medical care would be helpful, but this is outside what they themselves can provide.

      Perhaps there are some groups that are doing “sort of” OK. People everywhere have tended to run into overshoot and collapse. I am sure that the Hopi would too, if left long enough. The problem the groups reach is “falling resources per capita.” This can happen either of two ways: (1) growing population, with fairly level supplies, or (2) dwindling available resources, for some reason or other. It could be shifting climate, or overhunting, or reaching the end of extraction of some needed mineral available in the area. When falling resources per capita hits, the natural tendency is to use a more hierarchical structure to work around the problem–put some leaders in charge, and try to expand the area controlled, or build some workaround for the problem. This may work, or it may not. At some point, it doesn’t, and the growing wage disparity is what brings the economies down. Governments cannot collect enough taxes, and the people at the bottom of the hierarchy cannot get an adequate diet.

  25. Fast Eddy says:

    Hmmmm…. not sure why the ce nso rs would take offence at this…

    Let’s try again – response to Norm

    ______________________________________________________________________

    Particul arly if they are ve
    r..
    g in…
    s…

    S mite – how does it work — when you place your order is there a box to tick for the de fa ult se tting?

    __ totally in no…cent (v er..
    g in…. a l)
    __ add a c an of W D 40 (20 b uc ks)

    __ fi lt hy w h
    .o re
    __ with t a
    t to os
    __ no t a
    tt o os

    __ inn o ce nt but p er form s like filt hy w h
    or e

    O r

    Click here to cust o mi ze your s
    e x r o
    bot.

  26. Fast Eddy says:

    http://www.zerohedge.com/news/2017-10-13/pay-tv-companies-tank-subscribers-losses-surge-record-highs-2017

    No doubt some of this is related to people choosing to stream the few channels they want directly from the provider … for instance if all you want is to watch the NFL then you just subscribe to the NFL feeds….

    Netflix and free streams such as Pirate Bay are also involved…

    But without a doubt … some a lot of people are just flat broke and eliminating what they can to make ends meet

  27. Rob Bell says:

    WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Profits Vaporize While Debts Skyrocket
    https://srsroccoreport.com/worlds-largest-oil-companies-deep-trouble-as-profits-vaporize-while-debts-skyrocket/

    • I notice this report is talking about low prices ahead. This is something I think is quite possible. If there is a spike, it will be not very long, and not nearly high enough.

      The world’s major oil companies will continue to struggle with the oil price in the $50 range. While some analysts forecast that higher oil prices are on the horizon, I disagree. Yes, it’s true that oil prices may spike higher for a while, but the trend will be lower as the U.S. and global economies start to contract. As oil prices fall to the $40 and below, oil companies will begin to cut capital expenditures even further. Thus, the cycle of lower prices and the continued gutting of the global oil industry will move into high gear.

    • Fast Eddy says:

      For example, Chevron was able to make considerable profits in 1997 when the oil price was $19 a barrel. However, the company suffered a loss in 2016 when the price was more than double at $44 last year. And, it’s even worse than that if we compare the company’s profit to total revenues. Chevron enjoyed a $3.2 billion net income profit on revenues of $42 billion in 1997 versus a $497 million loss on total sales of $114 billion in 2016. Even though Chevron’s revenues nearly tripled in twenty years, its profit was decimated by the falling EROI.

      To provide a more realistic view of the disintegrating energy industry, I will provide data from seven of the largest oil companies in the world:

      https://srsroccoreport.com/worlds-largest-oil-companies-deep-trouble-as-profits-vaporize-while-debts-skyrocket/

  28. Fast Eddy says:

    Hong Kong Chief Executive Carrie Lam revealed the details of her maiden Policy Address at the Legislative Council yesterday

    Economy
    • Support SMEs by reducing profits tax to 8.25% for first $2 million (US$255,000) profits. Remaining profits to be taxed at current rate of 16.5%
    • Encourage R&D investment with 300% tax deduction for first $2 million R&D expenditure, and 200% deduction for remainder
    • Increase CDTAs to 50 within the next few years
    • Sign and FTA and IPPA with ASEAN in November; and sign a CEPA with Macao this year
    • Issue “green bonds” to encourage investment in green projects via HK capital markets
    • HKMA to launch a Faster Payment System in 2018 to promote more diversified and flexible payment products

    Hmmmm…. corporate tax rate on SMEs cut in HALF for the first 225 income…. that is unprecedented….

    • Sounds like a race to the bottom on corporate tax rates. Come incorporate your small business here, and we will hardly tax you at all. Perhaps you will buy a few services from us. Or we will require that you have annual meetings here, encouraging tourism.

  29. Rob Bell says:

    Investors get reality check on U.S. shale – Art Berman TV interview
    http://www.bnn.ca/video/investors-get-reality-check-on-u-s-shale~1229611

    • Art is a good speaker. He makes good points about future supply, but he generally doesn’t understand the problem with getting prices to go high enough. I haven’t listened to this video, however.

    • Started watching. Couldn’t stop until he’d gone all the way around the world. Most educational and probably factual geography lesson I’ve ever had. But that’s not saying much. Had no idea that guiness is made from penguins.

  30. MG says:

    Machines contribute to the depopulation:

    7 dead in car crash: 6 Slovak female caregivers die while returning from their work from Austria.

    http://slovensko.hnonline.sk/1044155-obrovska-tragedia-v-trencianskom-kraji-po-nehode-zahynulo-sedem-ludi

    https://spectator.sme.sk/c/20042328/survey-finds-thousands-of-slovak-carers-working-in-austria.html

  31. adonis says:

    we are now very close to the financial systems next implosion which will either be the end or strike 2 see this article to see how confused the central banks have become http://www.gold-eagle.com/article/are-central-bankers-secretly-terrified

    • Fast Eddy says:

      And if the central bankers are secretly terrified… do you really think that they are going to publicly acknowledge this …. that they are going to allow a leak of this?

      Of course they are terrified… they know they suffer and die along with everyone else… or at best they live out their lives imprisoned in a mega bunker.

      • Welp… I’ll take door number two.

        • Davidin100millionbilliontrillionzillionyears says:

          “Again, what do these these people know about the financial system that they’re this terrified of the markets dropping for just a few days?”

          they “know” several things:

          markets MUST NOT go down.

          interest rates must not go up.

          this is “new normal” economics.

          it could be an “endgame” of sorts, in which they don’t want to see the actual finish but want to keep it going, or else they fear a recession or worse.

          we baseball fans know that “3 strikes yur out”.

          a 2018/2019 recession could be strike 2.

          we will see, soon enough.

    • J. H. Wyoming says:

      “First was ECB President Mario Draghi, with claims that the ECB was considering gradually removing its stimulus programs. European markets dived in response to this.”

      In that article Adonis, is the above. People keep thinking the stock markets are going up because of a recovery from 08/09 but what is actually happening is they are still rising because of continued CB injections into the economy. The quoted sentences above show that once the stimulus is pulled out the sentiment for the markets wanes.

      The recovery has been stoked by inflating a bubble to a historically unprecedented level, the granddaddy of all bubbles and the ongoing stimulus is a bag intravenously keeping the body economic to continue to inflate way beyond what could ever be expected without stimulus. It’s like having a fire on the sand dunes of the Sahara; as long as wood is being brought in and tossed on to the flames, it’s good, but once that stops the sand won’t burn and out it will go.

      Once the CB’s have decided to back off of stimulus, the markets tank, then tremendous pressure to do something, anything to jack the economy back into coherence, but what? Some have guessed QE4 – the granddaddy of all stimulus in which the funds not only flow out to the super wealthy like they did in QE1-3 but to the middle class (that have been squeezed for so many years) and a final spending spree the likes of which no one has ever seen will ensue. Amazon will be hard pressed to keep up and even hire more people to expand operations, but the shopping frenzy will come to a sad close with hyper inflation. Currency will fail – crypto currency will not suffice, and then what? Turn silver and gold in for new currency and try as they may to jolt the sucker back up and going again? Should be even more entertaining than Trump the maniac.

      • I think part of the reason that stock markets are going up is because several countries are talking about raising interest rates. If interest rate go up, the market value of existing holdings of bonds to down. So buyers who can own both stocks and bonds (for instance, pension funds) are right now more interested in buying shares of stock than buying bonds. This makes more “demand” for stocks. The fact that companies have bought back so many shares in recent years also adds to the lack of available shares of stock. So party what is happening has to do with supply and demand.

  32. Rob Bell says:

    More Americans Are Getting Their Electricity Cut Off

    More than 900,000 homes went dark in Texas last summer because of unpaid bills, almost triple the number 10 years ago. In California last year, it was 714,000, the most on record. The tally across the country is in the millions, a sign of the economic stress that lingers after the Great Recession.
    https://www.bloomberg.com/news/articles/2017-10-13/in-great-american-blackout-millions-go-dark-due-to-unpaid-bills

    • According to the article, there are follow-on effects as well:

      “Without power, landlords in some jurisdictions can evict tenants, and social-service agencies can take away a family’s children, according to Josie Pickens, an attorney for Community Legal Services in Philadelphia.”

      • Third World person says:

        service agencies can take away a family’s children
        say with me usa usa usa usa usa
        https://youtu.be/PVCtFkpFzwc

        • I was an alternate on a jury trial. A man killed his best friend, allegedly to get the best friend’s money, so that the service agency (DFACS) would not take away his and his wife’s two children. Somewhere along in the evidence, they showed that the couple had pawned the wife’s wedding ring, to get extra cash. The man accused of murder was clearly very well educated. He spoke using very good grammar and vocabulary. He was an alcoholic, however, and this was a major problem.

    • J. H. Wyoming says:

      Those are some serious numbers of people getting their power cutoff.

      • Davidin100millionbilliontrillionzillionyears says:

        yes.

        I suspect that, in many cases, these persons have no money left after they pay their smart phone bill.

        priorities, you know?

  33. Rob Bell says:

    Tesla fired hundreds of employees in past week:

    Luxury electric vehicle maker Tesla Inc (TSLA.O) fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees.
    http://www.reuters.com/article/us-tesla-jobs/tesla-fired-hundreds-of-employees-in-past-week-mercury-news-idUSKBN1CJ00L?feedType=RSS&feedName=businessNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

    • Fast Eddy says:

      That should help with the production shortfalls they are experiencing….

      Fewer workers mean more production — losing money is success….

      Tesla

      • Ed says:

        Elon seems to have troubles when he has to deal with the real world rather than cyberspace.

      • Rob Bell says:

        I read that fruit loop Sir Richard Branson just bought into Musk’s hyperloop scheme. They are going to even change the name to the Virgin Hyperloop. And Branson was claiming that he was going try to build one in the uk but would be looking for government financing to help build it….har har

  34. J. H. Wyoming says:

    http://www.mercurynews.com/2017/10/13/4819750/

    Tesla fires hundreds of employees after performance reviews.

    • Strange! Quite a few to lose in an annual performance review. The article suggested that attempted unionization might have played a role in some of the firings:

      Tesla has faced ongoing discontent from some factory workers, who have complained about work conditions and wages below the auto industry average.

      Tesla has a hearing before the National Labor Relations Board in November for charges that company supervisors and security guards harassed workers distributing union literature. Tesla denied the accusations.

      Openly pro-union workers were among those fired this week. Some believe they were targeted.

      The company denied union activities played a role in the dismissals.

  35. i1 says:

    No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts – Article 1 Section 10 United States Constitution 1789

    Money is gold, and nothing else. – JP Morgan 1912

    If you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day. – Jamie Dimon 7hrs. ago

    • Davidin100millionbilliontrillionzillionyears says:

      like I said, I wish I was stewpid enough to buy some a few years ago.

      this is a classic Ponzi.

      the early entries can make millions, and the late entries most likely will lose just about everything.

      it’s not certain how “late” it is to buy Bitcoin, but I would guesstimate it’s between “somewhat” late and “are you freaking out of your mind” late.

      buyer beware.

      • Sheesh… I almost jumped in five years ago… just fer the shits and giggles. Wish I had now… but then I’d also have had to develop the oversized balls to bail out at the “right time” which as you say could be anywhere between “somewhat” soon and a bit later than that and ’cause I’m not very good at predicting things and have never won euromillions (f&%*) I’d probably get a bit greedy by now and not get out before it was too “are you freaking out of your mind” late.

        Same old story.

  36. Fast Eddy says:

    IDEA!

    Raise $50 billion. Corner the bit coin market driving it up to 200k from 5k

    https://cdn.howmuch.net/content/images/ex3-5-1.jpg

    https://image.freepik.com/free-vector/hand-drawn-idea-concept_23-2147532419.jpg

    • Davidin100millionbilliontrillionzillionyears says:

      and this:

      https://snakeholelounge.wordpress.com/2017/10/13/bitcoin-hits-all-time-high-market-cap-almost-as-big-as-goldman-sachs/

      the Bitcoin price is a canary in a coal mine.

      but not as Bitcoin “believers” might think.

      its higher price signals a higher danger of economic turmoil.

      huge investment money poured into crypto-currencies is a giant flashing sign that the world’s economy is not functioning well.

      higher Bitcoin shows higher dysfunction.

      but I wish I bought some a few years ago!

      Friday night here in these United States and…

      BAU tonight, baby!

      • Kurt says:

        I just drove 100 miles really fast. BAU tonight!!!

        • Davidin100millionbilliontrillionzillionyears says:

          good thing your BAU didn’t end tonight with a “crash”!!!!

          • J. H. Wyoming says:

            I was driving somewhere today and this big white truck came racing up behind me, even though I was already driving 7 mph over the speed limit, so I pulled over to let him go nuts, then casually drove on. About 10 minutes later I came up to slow traffic and fed in behind the guy with the white truck. Has to be some lesson there.

            • Happens almost every time I drive to the nearest big town. There’s hardly any traffic on this road but when there is it’s practically glued to my rear bumper. And because there’s hardly anywhere to overtake it makes the whole trip very frustrating and more stressful than it should be. Then I finally arrive at the town and the other guy is parking in the space next to mine.

              Don’t worry guys… this will all be a thing of the past very soon. California is steaming ahead with self driving cars. Soon we will have self driving trucks pootling up and down the highway and they will always keep their distance and stick to speed limits forever and ever amen.

              Never again will civilised people have to suffer the slings and arrows of roadrage. Passengers will be able to eat, sleep, tweet, and fornicate while under the influence on their way to their destinations unhindered by the flicking of the finger, the waving of the fist, or the unsavoury baring of the derriere.

              Good times are ahead people. it doesn’t get better than this.

              BAU to infinity and beyond!

          • Kurt says:

            Well, I was driving the speed limit, but it seemed really fast to me. Are humans really meant to go 65 mph?

  37. Fast Eddy says:

    Post Apocalyptic novel….

    A doomie prepper has avoided the spent fuel ponds and establishes himself as the high priest of a cult of the few who survive….

    His power rests in his solar panels (bringer of light) and his functioning toilet (destroyer of disease)

    Cult followers worship him and the panels and the toilet bowl (The Cult of the Toilet Bowl)

    https://i.pinimg.com/736x/86/21/9a/86219a270985965093400963fab0a2e2–funny-pics-funny-shit.jpg

    • theblondbeast says:

      This fits well with my warlord plan…

    • So where’s the book?

      Seriously… you’ve been playing Fallout 3 haven’t you?

      • “Behold! He is coming with the clouds. And every eye should be blind with his glory. Every ear should be stricken deaf to hear the thunder of his voice. Let the men, women and children of the earth to come forth to gather and behold the power of atom. Let those who dwelled here in this favoured land, attend now to the word to the profit of atom. Come forth and Drink the waters of the glow. For this Ancient weapon of war, is our salvation, it is the very symbol of Atom’s glory. Let it serve as a reminder of the division that has occured in the past. And the resplendence of the promise of our division in the times to come. Give your bodies to Atom my friends. Release yourself to his power! Feel his glow, and be divided. There shale be no tears, no sorrows, no suffering For in the division we shale see our release from the pain and hard ships of this world. Yay, your suffering shall exist no longer, it shall be washed away! In Atom’s glow. Burned from you in the fire of its brilliance. Each of us shall give birth to a billion stars form from the mass of our reched and filthy bodies. Each of us shall be mother and father to a trillion civilizations. Each of us shall know peace, and know an end to pain, and shall know atom in his glory. I urge you my friends come drink with me and prayyyyy. Glorious atom I give on to you these febble bones, I present to your will this frail body.”

        Random youtube comment

      • Fast Eddy says:

        Ah… I may need to buy a console… https://en.wikipedia.org/wiki/Fallout_(series)

  38. Fast Eddy says:

    Thursday’s survey figures showed Britain’s consumer economy is running out of steam, said Joanna Davies, economist at Fathom Consulting, the only forecaster in recent Reuters polls to predict a recession.

    “We’re quite concerned about the consumer squeeze,” Davies said, citing falling wages in inflation adjusted terms and historically low household savings.

    http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/12/20171012_boe_0.jpg

    http://www.zerohedge.com/news/2017-10-13/british-banks-forecast-biggest-consumer-credit-collapse-10-years

  39. theblondbeast says:

    I guarantee they are the ones keeping the lid on it. It happened on their private property and their team of lawyers will be all over this to minimize their liability and damage to their brand.

    • Are you talking about the hotel owners?

      Imagine that 20,000 “victims” (according to their respective lawyers) decide they are absolutely within their right to sue the nearest large entity involved for damages suffered.

      If I was a lawyer (god forbid) I would be holding the hotel group responsible for the total apparent lack of and unnaceptable holes in their security protocols. How can a guest book a room and proceed to fill it with over twenty assorted assault weapons and lay seige for five days with hotel security alseep at the wheel?

      And how on earth does it take in house security – never mind police (they’re always late) – so long to get up to the room and do something about it?

      What is certain is that all public and private places at some point will require routine pat downs at the inserted checkpoints.

      I’m not sure if that’s before the roll out of electronic tattoos for “trusted travellers” (and gamblers) or after but either way… prisoner training is coming town.

  40. Rendar says:

    I’m curious on your takes, Finite Worlders. Is it possible that Stephen Paddock and Eric Paddock are the same person?

    http://mileswmathis.com/lasveg.pdf

    https://worldisraelnews.com/wp-content/uploads/2017/10/Eric-Paddock-YouTube-Screenshot-360×240.png

    • Mark says:

      I could only get through the first couple of paragraphs. Too insane for me. The hotel are keeping their mouths shut, won’t know anything until that can is opened.

      • Greg Machala says:

        For me, I don’t believe anything else that comes out about this incident. Any videos or “new” evidence that comes out is questionable. We will never know what happened, who is to blame and no one will be punished for it.

      • Rendar says:

        Good point about the hotel response. It will be interesting to hear their official statement, if they ever present one.

        If you’re interested in just the evidence supporting the idea that Eric and Stephen are the same person, skip to the section that begins: Addendum October 12, 2017.

        • Davidin100millionbilliontrillionzillionyears says:

          for what it’s worth, the FBI has taken over the entire case.

          the Las Vegas PD is apparently overwhelmed by the dimensions of the event.

          doesn’t guarantee that we will ever know “the truth”.

          but I’m still a doubter that there’s anything more here than just an aging man going on a rampage.

          that’s plenty when it’s known that his father was an armed robber and was wanted by the FBI back in the day.

          • And the FBI back in the day classified his father as a psychopath. So there is reason to believe that there is at least some genetic and behavioural disposition among his family. That would explain some of the strange behaviour demonstrated by the shooter’s brother.

            But then… a psychopath is only a criminal once they actually commit a crime. It’s possible that the shooter was involved in other types of crime up to this point but remained undetected. The rumors of gun running and money laundering etc are just that… rumours until further evidence is brought forward… which may never happen.

            Where’s Wikileaks or anoymous when you need them.

            The subjects brain is being analysed for signs of mental illness.

            • Fast Eddy says:

              And why does wikileaks or anonymous or Snowden not leak evidence of the many false flag operations that the CIA carries out every year?

              For the most part all we get is tabloid sh it…. oooh the CIA is listening in on Merkel’s mobile phone calls — and such and such called her frumpy hag behind her back… no f789ing kidding…

              Show me that the CIA gassed those kids in Syria —- or that they took down the Malaysian airliner in Ukraine…

    • FBI ‘Hand-In-Hand’ With Vegas PD, Begin Damage Control: “There Is No Conspiracy… Nobody Is Attempt to Hide Anything”

      http://www.zerohedge.com/news/2017-10-13/shot-vegas-security-guard-cancels-media-goes-missing-i-can-confirm-his-family-has-ga

      It wouldn’t be the first time the FBI has been caught red handed carrying out attacks using mentally ill patsies for some reason or another.

      • Fast Eddy says:

        I just did a property deal…. and the buyer was initially an Indonesian Chinese chap… very friendly fellow was he… yet I knew for a fact he was trying to f789 me over…

        My first indication of that was when he said ‘Trust me Fast — I am in business for a long time — I wouldn’t try to cheat you — my wife is from Hong Kong — just like you’ He must have said that 5 times over the course of the negotiation.

        When I hear comments like that – or that there is not a conspiracy …. reminds me of ‘The lady doth protest too much, methinks’

    • Tim Groves says:

      First off, I am a fan of Miles Mathis. He’s taught me to question everything the MSM puts out by offering some extremely plausible hypotheses all kinds of things. Not that I believe half of his ideas, and I don’t suppose he believes everything he puts his name to, but the guy offers up scenarios that make sense of so much that is otherwise inexplicable. PLUS, his work is extremely entertaining. And unlike David Icke, he doesn’t go in for shape-shifting reptilians who are like the bad guy out of Conan the Barbarian.

      Having said that, I think it’s probably too early for a definitive MM take on the Las Vegas incident. Even so, I’ll give this a read.

      Lastly, from what I’ve seen of the interviews with Eric, he’s a natural actor. Some have called him a crisis actor. I would call him a good performer—articulate, chatty, good looking, and very smooth in front of the cameras—and possibly a little too good a performer to be a credible “brother of a mass shooter”. I would have expected shell-shocked, incoherent, overcome with grief, unable or unwilling to give long detailed answers or to provide more information than the interviewers asked for. I wouldn’t have expected this.

      https://youtu.be/QAdnSQIINgo

      • Fast Eddy says:

        ‘100k is not a lot of money to some people — He was a good guy’

        It’s almost as if someone was writing a script with the intention of generating Trump-level hatred for the characters involved….

        Who would say that sh it?

        • Mark says:

          I could think of a lot of explanations. It’s not like he’s doing the morning show rounds, so he probably regrets these interviews? Could be fight or flight, family suddenly called into question? He’s hopped up on something, uppers, downers, both? It’s just to presumptuous to make an assertion.

          • Fast Eddy says:

            Maybe he fancies himself the a celebrity — along the lines of Paris or Kim….. didn’t they both become famous via some filthy act that they video taped?

            Maybe he thinks his brother’s infamous moment can be parlayed into greatness….

            Who the f789 knows…. but one thing is for certain — that interview is bizarre.

            • People who are lying or following a script or selling you something give too much detail and repeat points over and over again to make sure you get them…

              Compare proven crisis actors and you pick up the pattern of script and fake emotion

              Listen to guilty individuals squirm to get out of a sticky situation and you’ll notice a different pattern

              Listen to a sociopath or psychopath prattle on and the pattern is chilling but more “natural”

              This guy sounds like he’s squirming and has zero empathy

    • Greg Machala says:

      Ahh yes, fake news calling fake new fake. Beam me up Scotty.

    • Rendar says:

      Look, If we’d all just willingly go back to the time of The Big Three, and put our complete trust in them, the billionaires and trillionaires would be able to keep the gravy train going while maintaining control of the narrative:

      https://en.wikipedia.org/wiki/Big_Three_television_networks

      “The Big Three television networks are the three major traditional commercial broadcast television networks in the United States: the American Broadcasting Company (ABC), CBS (formerly known as the Columbia Broadcasting System) and the National Broadcasting Company (NBC). Beginning in 1948 until the late 1980s, the Big Three networks dominated U.S. television. These three channels were also the first three channels on Television in America.”

    • Fast Eddy says:

      And to think 10+ years ago — I sometimes read alternet….

      Is there a print edition of that rag? No? Well then it is totally worthless because it can’t even be used as

      http://www.howtowipeyourbutt.com/4-1.jpg

  41. Schools Are Officially Accepting Bitcoin for Tuition

    https://futurism.com/schools-accepting-bitcoin-tuition/

    Anyone want to run some experimental models where the whole world is running on Bitcoin etc to see what that looks like?

    I keep hearing complaints that it runs on that there lectricity thing…

    But then everything does so kindof a moot criticism unless you’re from Puerto Rico.

    • Greg Machala says:

      Bitcoin is a joke. Our mondern world is already quite virtual and unnatural. Now Bitcoin is another virtual world within a virtual world. How crazy is that? Electronic money is no better. Cash at least is backed by resources (as long as there is faith that cash has value and there are enough resources to build the things cash wants to buy). Historically gold and silver are better. But, what happens when clean water and food is more scarce than gold and silver?

      • … as long as there is faith that bitcoin has value and there are enough resources to build the things bitcoin wants to buy…

        See… it’s easy when you try.

        Gold and silver have no intrinsic value. They are just metals. Some people make trinkets with them. Much easier to come up with a practical currency (electronic bits that transfer at the speed of light) and for gov to give it it’s blessing than to mess around with paper and coins. We are in a real life game of monopoly so monopoly money seems appropriate.

        The occasional glitch or downtime is not sufficient reason to abandon the idea of digital money. Banks have been pushing digital around for quite some time and yes, sometimes the systems fail, but for true believers in BAU permanent failure is not even on the radar so cryptos will be adopted by all until system failure occurs.

        Not only that, but the blockchain itself is what gives people that fuzzy wuzzy warm feeling inside because… BAU is changing…

        https://blockgeeks.com/guides/what-is-blockchain-technology/

        scroll down the page and see how happy all these believers are. Will you be the one to burst their bubble?

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