How Energy Transition Models Go Wrong

I have written many posts relating to the fact that we live in a finite world. At some point, our ability to extract resources becomes constrained. At the same time, population keeps increasing. The usual outcome when population is too high for resources is “overshoot and collapse.” But this is not a topic that the politicians or central bankers or oligarchs who attend the World Economic Forum dare to talk about.

Instead, world leaders find a different problem, namely climate change, to emphasize above other problems. Conveniently, climate change seems to have some of the same solutions as “running out of fossil fuels.” So, a person might think that an energy transition designed to try to fix climate change would work equally well to try to fix running out of fossil fuels. Unfortunately, this isn’t really the way it works.

In this post, I will lay out some of the issues involved.

[1] There are many different constraints that new energy sources need to conform to.

These are a few of the constraints I see:

  • Should be inexpensive to produce
  • Should work with the current portfolio of existing devices
  • Should be available in the quantities required, in the timeframe needed
  • Should not pollute the environment, either when created or at the end of their lifetimes
  • Should not add CO2 to the atmosphere
  • Should not distort ecosystems
  • Should be easily stored, or should be easily ramped up and down to precisely match energy timing needs
  • Cannot overuse fresh water or scarce minerals
  • Cannot require a new infrastructure of its own, unless the huge cost in terms of delayed timing and greater materials use is considered.

If an energy type is simply a small add-on to the existing system, perhaps a little deviation from the above list can be tolerated, but if there is any intent of scaling up the new energy type, all of these requirements must be met.

It is really the overall cost of the system that is important. Historically, the use of coal has helped keep the overall cost of the system down. Substitutes need to be developed considering the overall needs and cost of the system.

The reason why the overall cost of the system is important is because countries with high-cost energy systems will have a difficult time competing in a world market since energy costs are an important part of the cost of producing goods and services. For example, the cost of operating a cruise ship depends, to a significant extent, on the cost of the fuel it uses.

In theory, energy types that work with different devices (say, electric cars and trucks instead of those operated by internal combustion engines) can be used, but a long delay can be expected before a material shift in overall energy usage occurs. Furthermore, a huge ramp up in the total use of materials for production may be required. The system cannot work if the total cost is too high, or if the materials are not really available, or if the timing is too slow.

[2] The major thing that makes an economy grow is an ever increasing supply of inexpensive-to-produce energy products.

Food is an energy product. Let’s think of what happens when agriculture is mechanized, typically using devices that are made and operated using coal and oil. The cost of producing food drops substantially. Instead of spending, for example, 50% of a person’s wages on food, the percentage can gradually drop down to 20% of wages, and then to 10% of wages for food, and eventually even, say, to 2% of wages for food.

As spending on food falls, opportunity for other spending arises, even with wages remaining relatively level. With lower food expenditures, a person can spend more on books (made with energy products), or personal transportation (such as a vehicle), or entertainment (also made possible by energy products). Strangely enough, in order for an economy to grow, essential items need to become an ever decreasing share of everyone’s budget, so that citizens have sufficient left-over income available for more optional items.

It is the use of tools, made and operated with inexpensive energy products of the right types, that leverages human labor so that workers can produce more food in a given period of time. This same approach also makes many other goods and services available.

In general, the less expensive an energy product is, the more helpful it will be to an economy. A country operating with an inexpensive mix of energy products will tend to be more competitive in the world market than one with a high-cost mix of energy products. Oil tends to be expensive; coal tends to be inexpensive. This is a major reason why, in recent years, countries using a lot of coal in their energy mix (such as China and India) have been able to grow their economies much more rapidly than those countries relying heavily on oil in their energy mixes.

[3] If energy products are becoming more expensive to produce, or their production is not growing very rapidly, there are temporary workarounds that can hide this problem for quite a number of years.

Back in the 1950s and 1960s, world coal and oil consumption were growing rapidly. Natural gas, hydroelectric and (a little) nuclear were added, as well. Cost of production remained low. For example, the price of oil, converted to today’s dollar value, was less than $20 per barrel.

Once the idyllic 1950s and 1960s passed, it was necessary to hide the problems associated with the rising cost of production using several approaches:

  • Increasing use of debt – really a promise of future goods and services made with energy
  • Lower interest rates – permits increasing debt to be less of a financial burden
  • Increasing use of technology – to improve efficiency in energy usage
  • Growing use of globalization – to make use of other countries’ cheaper energy mix and lower cost of labor

After 50+ years, we seem to be reaching limits with respect to all of these techniques:

  • Debt levels are excessive
  • Interest rates are very low, even below zero
  • Increasing use of technology as well as globalization have led to greater and greater wage disparity; many low level jobs have been eliminated completely
  • Globalization has reached its limits; China has reached a situation in which its coal supply is no longer growing

[4] The issue that most people fail to grasp is the fact that with depletion, the cost of producing energy products tends to rise, but the selling prices of these energy products do not rise enough to keep up with the rising cost of depletion.

As a result, production of energy products tends to fall because production becomes unprofitable.

As we get further and further away from the ideal situation (oil less than $20 per barrel and rising in quantity each year), an increasing number of problems crop up:

  • Both oil/gas companies and coal companies become less profitable.
  • With lower energy company profits, governments can collect less taxes from these companies.
  • As old wells and mines deplete, the cost of reinvestment becomes more of a burden. Eventually, new investment is cut back to the point that production begins to fall.
  • With less growth in energy consumption, productivity growth tends to lag. This happens because energy is required to mechanize or computerize processes.
  • Wage disparity tends to grow; workers become increasingly unhappy with their governments.

[5] Authorities with an incorrect understanding of why and how energy supplies fall have assumed that far more fossil fuels would be available than is actually the case. They have also assumed that relatively high prices for alternatives would be acceptable.

In 2012, Jorgen Randers prepared a forecast for the next 40 years for The Club of Rome, in the form of a book, 2052, with associated data. Looking at the data, we see that Randers forecast that world coal consumption would grow by 28% between 2010 and 2020. In fact, world coal consumption grew by 0% in that period. (This latter forecast is based on BP coal consumption estimates for 2010 and 2019 from BP’s Statistical Review of World Energy 2020, adjusted for the 2019 to 2020 period change using IEA’s estimate from its Global Energy Review 2021.)

It is very easy to assume that high estimates of coal resources in the ground will lead to high quantities of actual coal extracted and burned. The world’s experience between 2010 and 2020 shows that it doesn’t necessarily work out that way in practice. In order for coal consumption to grow, the delivered price of coal needs to stay low enough for customers to be able to afford its use in the end products it provides. Much of the supposed coal that is available is far from population centers. Some of it is even under the North Sea. The extraction and delivery costs become far too high, but this is not taken into account in resource estimates.

Forecasts of future natural gas availability suffer from the same tendency towards over-estimation. Randers estimated that world gas consumption would grow by 40% between 2010 and 2020, when the actual increase was 22%. Other authorities make similar overestimates of future fuel use, assuming that “of course,” prices will stay high enough to enable extraction. Most energy consumption is well-buried in goods and services we buy, such as the cost of a vehicle or the cost of heating a home. If we cannot afford the vehicle, we don’t buy it; if the cost of heating a family’s home rises too high, thrifty families will turn down the thermostat.

Oil prices, even with the recent run-up in prices, are under $75 per barrel. I have estimated that for profitable oil production (including adequate funds for high-cost reinvestment and sufficient taxes for governments), oil prices need to be over $120 per barrel. It is the lack of profitability that has caused the recent drop in production. These profitability problems can be expected to lead to more production declines in the future.

With this low-price problem, fossil fuel estimates used in climate model scenarios are almost certainly overstated. This bias would be expected to lead to overstated estimates of future climate change.

The misbelief that energy prices will always rise to cover higher costs of production also leads to the belief that relatively high-cost alternatives to fossil fuels would be acceptable.

[6] Our need for additional energy supplies of the right kinds is extremely high right now. We cannot wait for a long transition. Even 30 years is too long.

We saw in section [3] that the workarounds for a lack of growing energy supply, such as higher debt and lower interest rates, are reaching limits. Furthermore, prices have been unacceptably low for oil producers for several years. Not too surprisingly, oil production has started to decline:

Figure 1 – World production of crude oil and condensate, based on data of the US Energy Information Administration

What is really needed is sufficient energy of the right types for the world’s growing population. Thus, it is important to look at energy consumption on a per capita basis. Figure 2 shows energy production per capita for three groupings:

  • Tier 1: Oil and Coal
  • Tier 2: Natural Gas, Nuclear, and Hydroelectric
  • Tier 3: Other Renewables, including Intermittent Wind and Solar
Figure 2 World per capita energy consumption by Tier. Amounts through 2019 based on BP Statistical Review of World Energy 2020. Changes for 2020 based on estimates provided by IEA Global Energy Review 2021.

Figure 2 shows that the biggest drop is in Tier 1: Coal and Oil. In many ways, coal and oil are foundational types of energy for the economy because they are relatively easy to transport and store. Oil is important because it is used in operating agricultural machinery, road repair machinery, and vehicles of all types, including ships and airplanes. Coal is important partly because of its low cost, helping paychecks to stretch further for finished goods and services. Coal is used in many ways, including electricity production and making steel and concrete. We use coal and oil to keep electricity transmission lines repaired.

Figure 2 shows that Tier 2 energy consumption per capita was growing rapidly in the 1965 to 1990 period, but its growth has slowed in recent years.

The Green Energy sources in Tier 3 have been growing rapidly from a low base, but their output is still tiny compared to the overall output that would be required if they were to substitute for energy from both Tier 1 and Tier 2 sources. They clearly cannot by themselves power today’s economy.

It is very difficult to imagine any of the Tier 2 and Tier 3 energy sources being able to grow without substantial assistance from coal and oil. All of today’s Tier 2 and Tier 3 energy sources depend on coal and oil at many points in the chain of their production, distribution, operation, and eventual recycling. If we ever get to Tier 4 energy sources (such as fusion or space solar), I would expect that they too will need oil and/or coal in their production, transport and distribution, unless there is an incredibly long transition, and a huge change in energy infrastructure.

[7] It is easy for energy researchers to set their sights too low.

[a] We need to be looking at the extremely low energy cost structure of the 1950s and 1960s as a model, not some far higher cost structure.

We have been hiding the world’s energy problems for years behind rising debt and falling interest rates. With very high debt levels and very low interest rates, it is becoming less feasible to stimulate the economy using these approaches. We really need very inexpensive energy products. These energy products need to provide a full range of services required by the economy, not simply intermittent electricity.

Back in the 1950s and 1960s, the ratio of Energy Earned to Energy Investment was likely in the 50:1 range for many energy products. Energy products were very profitable; they could be highly taxed. The alternative energy products we develop today need to have similar characteristics if they truly are to play an important role in the economy.

[b] A recent study says that greenhouse gas emissions related to the food system account for one-third of the anthropogenic global warming gas total. A way to grow sufficient food is clearly needed.

We clearly cannot grow food using intermittent electricity. Farming is not an easily electrified endeavor. If we do not have an alternative, the coal and oil that we are using now in agriculture really needs to continue, even if it requires subsidies.

[c] Hydroelectric electricity looks like a good energy source, but in practice it has many deficiencies.

Some of the hydroelectric dams now in place are over 100 years old. This is nearing the lifetime of the concrete in the dams. Considerable maintenance and repair (indirectly using coal and oil) are likely to be needed if these dams are to continue to be used.

The water available to provide hydroelectric power tends to vary greatly over time. Figure 3 shows California’s hydro electricity generation by month.

Figure 3. California hydroelectric energy production by month, based on data of the US Energy Information Administration.

Thus, as a practical matter, hydroelectric energy needs to be balanced with fossil fuels to provide energy which can be used to power a factory or heat a home in winter. Battery storage would never be sufficient. There are too many gaps, lasting months at a time.

If hydroelectric energy is used in a tropical area with dry and wet seasons, the result would be even more extreme. A poor country with a new hydroelectric power plant may find the output of the plant difficult to use. The electricity can only be used for very optional activities, such as bitcoin mining, or charging up small batteries for lights and phones.

Any new hydroelectric dam runs the risk of taking away the water someone else was depending upon for irrigation or for their own electricity generation. A war could result.

[d] Current approaches for preventing deforestation mostly seem to be shifting deforestation from high income countries to low income countries. In total, deforestation is getting worse rather than better.

Figure 4. Forest area percentage of land area, by income group, based on data of the World Bank.

Figure 4 shows that deforestation is getting rapidly worse in Low Income countries with today’s policies. There is also a less pronounced trend toward deforestation in Middle Income countries. It is only in High Income countries that land areas are becoming more forested. In total (not shown), the forested area for the world as a whole falls, year after year.

Also, even when replanting is done, the new forests do not have the same characteristics as those made by natural ecosystems. They cannot house as many different species as natural ecosystems. They are likely to be less resistant to problems like insect infestations and forest fires. They are not true substitutes for the forest ecosystems that nature creates.

[e] The way intermittent wind and solar have been added to the electric grid vastly overpays these providers, relative to the value they add to the system. Furthermore, the subsidies for intermittent renewables tend to drive out more stable producers, degrading the overall condition of the grid.

If wind and solar are to be used, payments for the electricity they provide need to be scaled back to reflect the true value that they add to the overall system. In general, this corresponds to the savings in fossil fuel purchases that electricity providers need to make. This will be a small amount, perhaps 2 cents per kilowatt hour. Even this small amount, in theory, might be reduced to reflect the greater electricity transmission costs associated with these intermittent sources.

We note that China is making a major step in the direction of reducing subsidies for wind and solar. It has already dramatically cut its subsidies for wind energy; new subsidy cuts for solar energy will become effective August 1, 2021.

A major concern is the distorting impact that current pricing approaches for wind and solar have on the overall electrical system. Often, these approaches produce very low, or negative, wholesale prices for other providers. Nuclear providers are especially harmed by such practices. Nuclear is, of course, a low CO2 electricity provider.

It seems to me that in each part of the world, some utility-type provider needs to be analyzing what the overall funding of the electrical system needs to be. Bills to individuals and businesses need to reflect these actual expected costs. This approach might avoid the artificially low rates that the current pricing system often generates. If adequate funding can be achieved, perhaps some of the corner cutting that leads to electrical outages, such as recently encountered in California and Texas, might be avoided.

[8] When I look at the requirements for a successful energy transition and the obstacles we are up against, it is hard for me to see that any of the current approaches can be successful.

Unfortunately, it is hard for me to see how intermittent electricity can save the world economy, or even make a dent in our problems. We have searched for a very long time, but haven’t yet found solutions truly worth ramping up. Perhaps a new “Tier 4 approach” might be helpful, but such solutions seem likely to come too late.

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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3,781 Responses to How Energy Transition Models Go Wrong

  1. Yoshua says:

    Is everyone excited to go into new lockdowns?

    The Delta variant now counts for 100% of cases in UK, Portugal and Russia…30% in US…and rising rapidly in rest of Europe.

    The elite seems to have decided to keep New Zealand Covid free. (Even the ET’s warned about earthquakes in advance off New Zealand and stopped the tsunami 🙂

    https://pbs.twimg.com/media/E4WJEp4XwAQiVkO?format=jpg&name=medium

    • StarvingLion says:

      You mean the same “highly educated” ‘elite’ who…

      1. Wasted a gazillion barrels of american oil in WW2 so that they could destroy 2 countries (Germany and Japan) that had no natural resources in the first place?

      2. Wasted a gazillion barrels of american oil in Vietnam for a retarded jungle helicopter war?

      3. Wasted a gazillion barrels of american oil in Korea, Iraq, etc

      4. The NASA Farce

      5. Big “Science” SCAMS like ITER, CERN, Climate Change, Quantum Computer, etc.

      6. Blowing all the oil on V-8 Hemi Conthumers?

      7. Energiewende “Renewables” SCAM?

      8. The JOKE called the Stock “market”?

      9. The JOKE called the FANGS?

      10…..I could go on for another 1000.

      They are indeed the greatest geniuses on earth. Running out of conventional oil before the enemy is sheer brilliance. Normie Paggett and BANKRUPT UK can’t be wrong!

      • The elite enjoys 95+ yrs of healthy lifespan (diet & healthcare), private jets spooling 24/365 and mansions available around the globe, among other things.. till the very end of (-quasi ) BAU and likely a bit beyond.

        Sorry, you mostly described only some second or third order effects of various policies throughout their rule.. aka so what..

        Not sure what you mean by running out of oil before the enemy does?
        Soviets collapsed three decades ago (also in part believing W-fakery), and the per capita consumption or rather energy opulence in Asia / China is way lower than today’s US rural pop or even that unfortunate southern EU – ClubMed quasi UBI recipient.. Overall, that’s still winning position for the W-team in my book, so far!

        /sarc off but you catch my drift hopefully

      • kinda embarrassing to point this out

        Yes, WW2 consumed millions of barrels of oil

        but if hit ler hadn’t been stopped, by we in the UK in 1940, ( who kept UK open as an aircraft carrier till 1942 when the Americans realised the danger there they were in) and then by the power of the USA in 1945, he would have got hold of nukes by , say, 1946/7. Maybe even earlier

        he had the means to deliver ICBMs by 1943. Which he did, on London in thousands. V1 and V2s in 44. We had nothing to match them, or counteract them. Neither did the USA.

        making them big enough to reach the USA was just a logistics problem. Werner von Braun was capable of doing that. He was hired by the Americans to build theirs after the war. They chose to ignore his war record.

        Nuking New York and Washington and maybe a few other cities would have meant game over for the USA, which would have then been divided between the Germans and the Japanese.

        WW2 was started by the Germans and the Japanese primarily as a race for oil. (and other resources, they had little of their own) Same as all wars.

        Don’t take my word on all this. Read it up for yourself.

        If you cared to concentrate on the study of documented hi-story, instead of reacting to hy-steria fed to you by other people, you might actually learn something, and put yourself in a position to make comments based on facts.

        *******

        As to the rest of the list, Vietnam was I agree just foolish posturing in an unwinnable war, like Afghanistan now. Korea too probably.

        The rest is just a scamaphobic list, much of which I didn’t waste time trying to make sense of.

        **********

        I thought it might be worthwhile setting the record straight on WW2 though to counteract the anti-WW2 conspiracists from getting a mental foothold in it.

        • True ICBM systems needed at least a decade of further development (payload, precision, .. ) and in terms of over-all low impact against UK the resources would have been better used in “traditional” German air force or navy..

          Adolf boyz entered unwinnable sequencing during WWII, perhaps only if pressed UK harder early on and also managed to delay or avoid conflict with USSR. The first gamble, toppling demoralized France was a master stroke, but then it was all downhill.. Most likely the int bankers were not pleased and saw it against the initial contract (not attacking Soviets first).

          Basically, it’s like the sequence of advancing through sports tournament, succeeding in additional rounds becoming almost impossible..

          • a neutral-flagged ship or submarine up the Hudson River would have worked just as well

            I was thinking of the more difficult option

          • Sam says:

            Well he should have persuaded Japan to attack Russia for oil and held off attacking the u. S

        • Mirror on the wall says:

          James Heartfield argues that WWII was essentially an inter-imperialist war over resources. He has a book out on the subject. That is why most of the war was fought in the already established imperial colonies and in the east. The documents from the archives of the British state itself establish irrefutably that it fought WWII to maintain, and in the hope to expand, the British Empire. There was no other real motive. The war was a failure, Britain was bankrupt and the Empire was lost. States fight for their own power, no other reason.

          > Exploding the myth of a ‘People’s War’

          Heartfield examines how Britain’s monopoly of oil resources, and the impact of the Versailles settlement, meant that gaining access to raw materials was a key challenge for German industry. Later in the war, for example, the Wehrmacht made sure that it headed south to grab the Soviet Union’s Caucasus oil-fields. Alongside such vital economic considerations, for Britain there was an equally pressing issue of international prestige based on Empire. Heartfield quotes the historian AJP Taylor: ‘[T]he archives now reveal that Great Britain was fighting the Second World War in order to recover the British Empire and even (as with Libya) to add to it.’

          Essentially, Heartfield argues, the struggle over Empire was the cause of the Second World War. Those countries which tried to enlarge their empires clashed with those which were trying to defend their own. ‘In 1913’, writes Heartfield, ‘Britain controlled 60 per cent of the world’s foreign investments, down to 50 per cent in 1936. Over those same years, France’s foreign investment dropped from a quarter to a tenth of the world’s share. Germany’s share went from 15 per cent to minus six per cent – that is, she was in debt.’ It was through conquest of the east that Hitler saw Germany’s future, a model that Heartfield argues was ‘mainstream thinking at the time’. In the Pacific, Japan’s establishment of the Greater East Asia Co-Prosperity Sphere was seen as pre-requisite for the country’s survival which, in turn, put it on a collision course with the US. Between 1939 and 1941, all the major powers went to war to defend their honour and their export markets.

          https://www.spiked-online.com/2012/10/26/exploding-the-myth-of-a-peoples-war/

      • World War I occurred when the UK hit peak coal. World War II occurred when Germany hit peak hard coal.

        https://ourfiniteworld.com/wp-content/uploads/2018/10/52-peak-coal-in-uk-and-germany-led-to-world-wars.png

        Now China seems to have hit peak coal as well.

        We are past peak oil and well as at the world limit of coal production.

        There seems to be conflict or collapse whenever there is not enough energy per capita. You need to read some of my earlier posts.

        • the prime cause of wars is lack of resources

        • Dennis L. says:

          I don’t have time to research, so this is a guess. Germany lost the Ruhr to France after WWI. The graph of German coal production may be affected by this, France had the coal, Germany wanted it back.

          Your last paragraph is troubling, it is the per capita thing.

          Dennis L.

      • Less is More. Less is Better. says:

        Being wealthy and highly intelligent is like being bigger and stronger than your peers. There is a strong temptation to use you advantages to bully people and get them to do all kinds of thing simply because you can.

        It’s strange that people associate aggression– extortion and bullying–with men who are brawny, dumb, and poor only.

    • davidinamonthorayearoradecade says:

      lockdowns again? here in the USA, I doubt it. The country is fully open, and trying to push the pedal to the metal, which will give mixed results. The DELTA variant OMG it’s Goliath MEGA Covid on steroids… oh, wait, it’s not, it’s just a small variant of the original, no problem, carry on.

      • Slow Paul says:

        From what I can tell in Norwegian media it seems as the “pandemic” is over. Scrolling through all the major newspaper sites I can barely find any news about covid. It’s back to football (soccer), politics and celebrities. People are allowed to gather in crowds again, bars open etc.

        It’s like someone flipped a switch and suddenly the corona is not an issue anymore…

    • Azure Kingfisher says:

      Once in a while I’ll scan the mainstream news using a search like “Delta variant” to see what they’re putting out as the latest propaganda. The other day I came across a reference to “experts” raising concerns that the “Gama” variant is looming on the horizon.

      They’ve given themselves an alphabet to play with. This game could go on for a while.

      I wonder if they’ll use the entire Greek alphabet before retiring the scam. Will we get to see two-letter combinations, like the “Alpha Beta” variant? Or will we get to see three-letter combinations like those used by the US fraternity and sorority system? Watch out for the new “Alpha Beta Gama” variant.

      • davidinamonthorayearoradecade says:

        eureka! we’ll know it’s over when they warn us about the Omega Variant. Sounds like a movie, Omega Variant starring Amberr Heard, in theatres this summer..

        • Azure Kingfisher says:

          You’ve reminded me of something:

          “Jesus proclaimed Himself to be the ‘Alpha and Omega’ in Revelation 1:8; 21:6; and 22:13. Alpha and omega are the first and last letters of the Greek alphabet. Among the Jewish rabbis, it was common to use the first and the last letters of the Hebrew alphabet to denote the whole of anything, from beginning to end.”

          https://www.gotquestions.org/alpha-and-omega.html

          • Fast Eddy says:

            This was the signal that the Injection experiments were completed and the CEP was ready.

            The symbols indicate that in 5 years expect to be called upon to execute the Plan.

            https://youtu.be/QYmViPTndxw

            • Azure Kingfisher says:

              Many human beings are limited in their thinking and that is by design. We’ve been raised by occultists to be secular materialists.

              In my opinion, this speech points to the existence of the scriptwriters and that they employ numerology.

              Secular materialists will scoff at the notion because they’ve been raised to do so – it does not “compute” in their minds as it isn’t a “rational” approach to leadership.

              In time, it will be common knowledge across the world that we’re being ruled in this way. Even the most ardent secular materialists will be unable to deny the evidence. Given the prevalence of certain numbers in the media I get the impression that the scriptwriters are working on revealing themselves to the world.

              Just the other day, I watched the Pixar film “Soul.” One of the major characters was named “22.” That’s a pretty overt use, if you ask me. I think they’re coming out of the shadows.

              For fun, check out the Wiki page on the number 22:

              “In Jay-Z’s song ’22 Two’s’, he rhymes the words: too, to, and two, 22 times in the first verse.”

              “There are 22 stars in the Paramount Pictures logo.”

              “Traditional Tarot decks have 22 cards with allegorical subjects.”

              “There are 22 letters in the Hebrew alphabet.”

              “In the Kabbalah, there are 22 paths between the Sephirot.”

              “In numerology, the number 22 is thought to be an angel number that symbolizes balance and harmony.”

              https://en.wikipedia.org/wiki/22_(number)

              One of my favorite examples of the scriptwriters at work, and their overuse of the number 22:

              The Manchester Arena Bombing:

              – Event on 22 May 2017 at 22:15

              – Bomber was 22-year-old Salman Ramadan Abedi

              – March 2020 (drop the zeros to make 22) the bomber’s brother, Hashem Abedi, was found guilty of 22 counts of murder relating to the attack.

              – 22 concert attendees killed

              – 119 people were initially reported as injured. This number was revised by police to 250 on 22 June.

              – A total of 22 people were arrested in connection with the attack

              – On 22 November 2018, the Intelligence and Security Committee of Parliament published a report which said that MI5 had acted “too slowly” in its dealings with Abedi.

      • Fast Eddy says:

        PR Team – let’s name this latest one after DelusiSTANIS (in honour of Fast Eddy who has id’ed our gig)…. Delta for DelusiSTANI

        Then we’ll name one Charlie for CovIDIOT….

        Agreed. (much laughter and high-fiving… as the strippers and coke dealer enter the VIP room)

  2. StarvingLion says:

    https://blog.nomorefakenews.com/2021/06/21/covid-three-men-who-own-corporate-america/

    COVID: Three men who own corporate America
    by Jon Rappoport

    I’m reprinting this article I wrote in July, 2020. Before I do, here is an analogy.

    Let’s say you own a company. You’re public, meaning you issue stock for sale.

    Suddenly, the fake pandemic hits. The governor of the state issues restrictions, including lockdowns. You have to close your doors. You’re going to take a staggering financial hit.

    Your first reaction? Anger. Seething anger. You’re determined to fight back. You call your lawyer to work out a plan.

    “Wait a minute,” he says. “I have some bad news. Do you know who is now the majority shareholder of your company? Bill Gates. And he has voting rights. If you object to the lockdowns, he’ll roast you alive. You’ll be out on your ass…”

    Buckle up. Here we go.

    THE THREE MEN WHO OWN CORPORATE AMERICA

    Over the past 38 years working as a reporter, I’ve spoken with many medical people. Doctors, researchers, public health bureaucrats, business executives whose companies supply products to the medical industry, professors, etc.

    In every case, these people completely and utterly support conventional medical reality. They are unshakable. A man like Fauci says jump and they jump. To do otherwise would be unthinkable.

    As you read on, you’ll see why this is important…

    Airlines, hotel chains—you name it, they all folded when the lockdowns were imposed. They closed up shop, they took a knee, they opted for bailouts. Why?

    The CEOs of these corporations are supposed to be hard chargers and ruthless operators. Why didn’t they rebel?

    I could cite several reasons. Here I want to focus on a little-known and staggering story.

    Imagine an employee of a company is motivated to speak out against the lockdowns and go public. Then he thinks about the owner of the company. That owner happens to sit on the board of a large hospital.

    Uh oh. That owner is SOLIDLY WIRED into official medical reality. He isn’t going to appreciate a naysayer who says the lockdowns are a ridiculous and destructive overreach. Better to stay quiet. Better to fit in and go along.

    Well, it so happens that three of the most powerful corporate bosses in America DO have deep connections to major hospitals, and these three men run corporations that OWN CORPORATE AMERICA.

    What???

    The three men are Larry Fink, Joseph Hooley, and Mortimer Buckley.

    Buckley is the CEO of the Vanguard Group. Hooley is the CEO of State Street. Fink is the CEO of BlackRock.

    These three companies are titanic investment funds. Financial services companies.

    Buckley is a board member of the Children’s Hospital of Philadelphia. From 2011 to 2017, he was chairman of the hospital’s board of trustees.

    Hooley serves on the president’s council of Massachusetts General Hospital.

    Fink is the co-chair of the NYU Langone Medical Center board of trustees.

    Let’s look at their investment funds: State Street, BlackRock, and Vanguard—known as The Big Three. The reference is an article at theconversation[dot]com, “These three firms own corporate America,” 5/19/17, by Jan Fichtner, Eelke Heemskerk, and Javier Garcia-Bernardo.

    “Together, BlackRock, Vanguard and State Street have nearly US$11 trillion in assets under management.”

    “We found that the Big Three, taken together, have become the largest shareholder in 40% of all publicly listed firms in the United States.”

    “In 2015, these 1,600 American firms [the 40%] had combined revenues of about US$9.1 trillion, a market capitalisation of more than US$17 trillion, and employed more than 23.5 million people.”

    “In the S&P 500 – the benchmark index of America’s largest corporations – the situation is even more extreme. Together, the Big Three are the largest single shareholder in almost 90% of S&P 500 firms, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola.”

    “What is undeniable is that the Big Three do exert the voting rights attached to these shares. Therefore, they have to be perceived as de facto owners by corporate executives.” (emphasis mine)

    “Whether or not they sought to, the Big Three have accumulated extraordinary shareholder power, and they continue to do so…In many respects, the index fund boom is turning BlackRock, Vanguard and State Street into something resembling low-cost public utilities with a quasi-monopolistic position.”

    If the CEO of a corporation whose main shareholder is The Big Three thinks about rebelling against the official COVID medical consensus…

    And he knows that The Big Three bosses are heavily wired into the US medical complex…

    That CEO has a HUGE reason to forget about being an old-time hard charger.

    He has a reason to swallow his anger when he’s told to lock down and shut down.

    He has a reason to knuckle under and play the game.

    He has a reason to surrender to a story about a virus and Fauci and Bill Gates.

    He has a reason to stand down and stand aside and watch economic devastation sweep over the land.

    HIS CORPORATION IS OWNED BY THE BIG THREE, AND THE OWNERS OF THE BIG THREE ARE LOYAL MEMBERS OF THE MEDICAL COMPLEX…THE COMPLEX THAT FORMS THE CURRENT POLICE STATE THAT HAS SUBDUED THE WORLD, UNDER THE FALSE BANNER OF “SAVING HUMANITY FROM THE VIRUS.”

    It’s that stark.

    I keep telling you we’re now living in a medical civilization.

    From the financial side of things, you’ve just read how that is so.

    The three men who own corporate America are also medical denizens.

    Think it through.

    • Herbie R Ficklestein says:

      Gail was RIGHT again! She has written this is how human social groups organize!
      Thank you, for pointing this out Starving 🦁

    • Thanks for the link.

      I wouldn’t think about State Street being in the big three. It is really a property ownership group, headquartered in Jackson MS.

      The value of property would seem to be dropping, as workers work in the office less, and as people move out of the central city.

      Jay Hooley is the chairman of State Street.
      https://www.statestreet.com/events/statestreetlive/stt-live-boston/jay-hooley.html

      Jay is chairman and chief executive officer of State Street Corporation, one of the world’s leading providers of financial services to institutional investors, with US$31 trillion in assets under custody and administration [Emphasis Added], and US$2.6 trillion in assets under management* as of June 30, 2017.

      What is custody and administration? How does anyone get to $31 trillion of such assets?

      • Sam says:

        This is strange! Why would they be in jackson ms….that town is a s… hole. But I guess the can buy everything there including the national guard if they need it. 31 trillion? that is as much as the u.s economy and Chinese economy!

  3. Xabier says:

    Was I right to call the vaccinators ‘ modern-day Dr Mengele’s’? Points to consider:

    1/ Dr Mengele: carried out experimental treatments and operations often pointless) on minors, often twins, which aimed to help German soldiers,etc, not the children themselves.

    The Vaccinators: are injecting substances which have not undergone full safety trials, and are doing so not for the health of the children but ‘for society, for others, to stop contagion’.
    .

    2/ Most of Mengele’s victims died or were severely traumatised.

    The Vaccinators know that all the vaccines are causing large scale death and injury in adults in the short-term, and the same can be expected in children. About 20% of the injected suffer nasty side effects. No one knows about the long-term in either group.

    3/ Dr Mengele did not have the consent of the children, they were prisoners in death camps and their parents had been murdered.

    The Vaccinators are now brainwashing children in schools to see vaccines as good, and being injected as caring for others. In many jurisdictions, attempts are being made to legally circumvent parental rights and consent, leaving them unable to protect their children.

    4/ Dr Mengele was a psychopath, who believed his Jewish and Gypsy ‘test animals’ were sub-human. He ran his own independent unit (the building still stands).

    The Vaccinators: except for those giving the orders at the top, they are mostly conformists and ambitious careerists, or afraid of being sacked if they show any reluctance, and they do not share in his ideology – in my book, this is much worse!

    Murder and harm as an unthinking routine, carried out by thousands in disregard of their Oath and the best medical practices, at the behest of an increasingly Totalitarian state which has subjected children to immense psychological pressure for a year and a half.

    Not Auschwitz, certainly, but not far off. And on an enormous scale which Mengele could only dream of.

    In fact, given the scale of this, in calling them ‘Mengele’s’ I feel that I am understating the case.

    • Sort of disturbing.

      • Xabier says:

        Yes, Gail, horrifying!

        Mengele’s victims fell into the hands of one psychopathic man with total power, and a few assistants (just as criminal), in a prison camp.

        But I can’t think of anything to equal what is happening today: it’s as if most of the medical trade are in a trance.

  4. StarvingLion says:

    Oil Stocks are SOARING!

    Gails wrong again. I bet WTI melt up over 100.

    • Herbie R Ficklestein says:

      Please, Go back to Peak Oil News with the others that enjoy this type of exchange…
      Thank you….
      P.S. Gail was not wrong again….she has repeatedly stated that Oil may do so but doubts it would stay there for long without crashing the economy.
      Hope you do well with your grades and make lots of $$$$🤑

  5. StarvingLion says:

    What does Gail have to say about the future of Bitcoin?

    Well, today proves that premise in spades, as a worldwide coordinated attack against crypto is now being perpetrated by the Purveyors of the Ponzi Monetary System.

    To wit:

    1. The Pinko PBOC is now banning ALL businesses from dealing in crypto

    https://u.today/chinas-central-bank-forbids-banks-and-payment-providers-to-deal-with-crypto-related-businesses

    2. The head of the Russkie Central Pig-bank just dissed on Bitcoin, calling it “The most-dangerous investment strategy”:

    https://finbold.com/head-of-russias-central-bank-on-crypto-investing/

    3. The Iranian Alpha Thugs have now banned that country’s Blockchain Association:

    https://forkast.news/iran-govt-bans-countrys-blockchain-association/?utm_source=rss&utm_medium=rss&utm_campaign=iran-govt-bans-countrys-blockchain-association

    4. Mainstream economists are being trotted out left-and-right to bash Bitcoin, such as Peter Brezin of BCA:

    https://finbold.com/bitcoin-is-a-fraud-says-peter-brezin

    5. South Korean P-banks have suddenly decided to review the accounts of their Crypto Cowboys, looking for money laundering shenanigans:

    https://forkast.news/s-korean-banks-start-crypto-exchange-reviews-as-contract-renewals-loom/?utm_source=rss&utm_medium=rss&utm_campaign=s-korean-banks-start-crypto-exchange-reviews-as-contract-renewals-loom

    • geno mir says:

      You weren’t able to exit when BTC was in the range 55-60k? The last 6 months of crypto were the easiest for trade and profit. Only non-sharp tools with bad case of greed didn’t make money. I got enough to buy new Audi A4 3.0 TDI, new roof for the house, remodeling of 2 and a half bathrooms and new kid room. I love trading in predetermined framework!

      • Thierry says:

        I am afraid your Audi TDI will soon be useless, as Gail predicted in a previous post! (less than 5 years if I remember, probably before).

        • geno mir says:

          So what, I will buy some EV and keep the mighty horse in the garage. I am stocked in diesel fuel for very long time. I don’t drive inside cities, I use the tdi for long range travel. I don’t mind parking in a buffer parking and hoping into the public transportation system (as ex-commi country we have very robust and ubiquitous public transportation). Furthermore where I live I can drive in a radius of 50-70km whiteout even going near police or dmv post or even a camera. It is basically idillic paradise where the most dangerous thing is the casual speed bumb. I also don’t use audi repair shops. I have a guy who does all kinds of repairs and he is also stocked on spare parts and I take care of the electronics and the board computer. 1st thing I did when I got the car was to connect with the data cable and turn off every nasty corporate feature and disconnect from the mothership. In addition, where do you think all those ICEs that are driven across the west will go after mandating EVs. They will come to the ex-commie countries of Europe of course.

          • Lets be adults in the room, EVs will be most likely expropriated at some point in time for the benefit of state-gov agencies in declared emergency.. it’s just few clicks inside the car license database to find out who owns what and where..

            On your second point, most of the euro continent ex-commie countries are now ruled by zealot rusophobes, hence the only oil and gas you will get in the future will be essentially scraps from Germany’s table.. and only if they deemed that particular protectorate important enough in some form of subcontracting scheme for them to continue..

            • geno mir says:

              This is why I will keep my ICE horse.
              On the 2nd point, we will see. Our relationship with Russia is really one of a kind and very layered and complex. EU/US is trying to rest control over it since 2007 and the result is only optics and lip service. The oil/gas will probably continue flowing as we don’t consume much (~7mln pop), have independent from Germany fossil prosucts delivering infrastructure in place, the country produce 100% of its electricity independent of imports(only for the NPP which is like once in 7y I think) and one of the 2 refineries is Russian. And also 250k Russians live here permanently. I am sure that situation here will be infinitely better compared to Poland for example, when things get serious.

    • I would not count on bitcoin saving the world.

      • real money is a token of energy exchange

        bitcoin value is created in the minds of the holders, no energy is exchanged

        the dutch tulip bulb mania was created on the same premise

  6. Fast Eddy says:

    I am shocked… anyone else shocked? https://www.news.com.au/national/nsw-act/news/americans-shocked-by-sobering-way-delta-variant-is-spreading-in-australia/news-story/0f2d57bdf48fbe96245fd7495755234a

    I was so shocked I was actually thinking I should get Injected because the Delta Variant is shocking…

    But then I decided not to.

    • adonis says:

      it is a race fast eddie to spread the fear in order to vaccinate as many comers as possible

      • adonis says:

        you could surmise that the elders are targeting the developed countries citizens those with a higher carbon footprint take them out of the picture and more net energy becomes available to share amongst the remaining worlds citizens who belong to the lower carbon footprint group.

    • Rodster says:

      And the next variant will even be stronger and the next after that will be stronger…rinse and repeat. It’s part of the globalist playbook. Don’t worry because people like Dunce will be the first in line for the new vaccine.

      • Xabier says:

        1/ First more lock-downs and psychological pressure due to the ‘very infectious’ Delta variant. Boris Johnson has hinted at this already here.

        2/ Then, they will hit us with the massive cyber attacks – they will be designed to cause serious food and medicine shortages, blackouts, bankruptcies, kill people, and cut them off from online support and info, destabilising them still further.

        The cyber attack has to come in the winter, for maximum effect.

        3/ Finally, they will use the cyber attack and terrifying variant to justify heavy internet censorship and control, taking down dissident sites and those which publish accurate stats, good science, and news.

        • Sam says:

          Not in the states there will be no lockdown. You give the ptb too much credit

          • Xabier says:

            I’d agree with you there: the structure of the US makes it much more difficult to break in than the EU states and the poor old, shabby, centralised, UK.

            But they have to break you, state by state – and they will.

            Blackmail, bribery, assassination, financial leverage……

    • Xabier says:

      Like Gandalf facing the terrifying Balrog, you show no fear.

      Hard to do when something so evil and terrifying has come zooming up out of the bat cave.

      I’m not quite so fearless: I’ll need a shot of old brandy to calm my nerves before I can bid the Delta variant to do its worst…..

      • Fast Eddy says:

        Your booster shot appointment must be fast approaching?

        Stay Safe CovIDIOTS! stay safe….

  7. Yosi says:

    The US is run by a benevolent dictatorship. It is based on meritocracy. They don’t think that average people who “want to know” have the “need to know”. They believe in Plato and Machiavelli. The dictatorship is the hands of the CEO’s of private trillion dollar companies who can afford to hire the finest scientists, engineers and minds in the world.

    The government only provides the infrastructure and security and some financing to their black projects. The technology and weapons systems are then sold to the government. This makes the US the world’s super power politically, economically, financially and militarily.

    Dr. Kit Green

    • You may be correct in the way you describe the system.

    • Xabier says:

      I’d substitute ‘covert oligarchy’ for benign dictatorship – which is now transitioning to an overt Totalitarian oligarchy.

    • Thierry says:

      Why do you assume the regime is linked to the US only?
      The elites don’t belong to any country. May I suggest you to wait for the de-dollarization of the economy and see if the US will still be a super power? I don’t think so.
      On the other side, China probably has the same technology as the US (or even a better one). I have already shared this, but this is still worth reading :
      https://mattstoller.substack.com/p/the-pentagon-turns-on-wall-street

      • Exactly, the US is only the preferable substrate of the day for them, an iron fist. And Europe is place for that chateaux relaxation. The concept of sovereign (ruled) country lost most of its significance in the 17th century for them, perhaps even earlier.. since then it’s all just about paper deal jockeying stakeholder %ownership and twisting arms of adversaries through proxy delegated power..

  8. Neil says:

    Lebanon is a good example of the impact of subsidies on energy prices. The subsidised price of petrol was for many years less than 1000 Lebanese Lira at a fixed exchange rate of 1500LL to the US$ , so under $0.67/litre.

    Rampant imports and no exports, corruption and mismanagement has led to a collapse in the LL to the rate of 15,000LL to the US$.

    Unsubsidised fuel will soon increase to 10,000LL/litre. This brings it back to the rate of $0.67/litre, but in an economy where the average salary is 1,500,000 LL/month, or $100. Filling a tank with 40 litres therefore is about 1/4 of the monthly wage. Gunfights are fuel stations are now quite common

    • I can understand oil exporting countries subsidizing sales in their own countries by effectively taxing their own citizens at a lower rate than the citizens of other countries.

      But Lebanon has not been an oil producer, so I cannot understand why it thought it could subsidize the sale of oil.

  9. Harry McGibbs says:

    “Syria’s perfect economic storm should not be ignored.

    “… how are the people remaining in Syria doing? Not good, and over the past year it’s got much worse. According to the World Food Programme, more than 12m Syrians — 60 per cent of the population — are suffering from food insecurity.”

    https://www.ft.com/content/b06ad848-1066-447c-9d33-a83daad3a080

    • Harry McGibbs says:

      “‘Starvation on the way’: Border crossing decision weighs on northwest Syria.

      “Idlib province, Syria’s last rebel stronghold, is home to around 3 million people, more than half of whom depend on food aid. All of that filters through the Bab al-Hawa crossing where currently around 1,000 U.N. trucks enter a month through Turkey.”

      https://www.euronews.com/2021/06/17/us-syria-security-crossing

    • Mirror on the wall says:

      KABUL, Afghanistan — The Taliban entered two provincial capitals in northern Afghanistan Sunday, local officials said, the culmination of an insurgent offensive that has overrun dozens of rural districts and forced the surrender and capture of hundreds of government forces and their military equipment in recent weeks.

      In Kunduz city, the capital of the province of the same name, the Taliban seized the city’s entrance before dispersing throughout its neighborhoods.

      “Right now, I hear the sound of bullets,” said Amruddin Wali, a member of Kunduz’s provincial council. “The Taliban have appeared in the alleys and back alleys of Kunduz, and there is panic all over the city.”

      https://www.nytimes.com/2021/06/20/world/asia/afghanistan-kunduz-taliban.html

      • Tim Groves says:

        It sounds like Saigon without the brothels. Will the last Americans and a few of their luckier collaborators be evacuated from the roof of the Kabul embassy by chopper?

        • Mirror on the wall says:

          Taliban is taking the north of Afghanistan as well this time. They are an incredibly determined force, to fight off US proxy state forces for 20 years and sweep the land. US’ longest war has ended in defeat.

          > The current situation does not bode well for government forces and militias under the command of northern Afghanistan’s power brokers, some of whom are notorious warlords who have held onto power since the country’s civil war in the 1990s and the U.S. invasion in 2001.

          Those militia forces, often primarily made up of ethnic Tajik, Uzbek and Hazaras, have long seen the north as their stronghold from the Taliban, a primarily Pashtun group that rose in the south.

          • Afghanistan has been the graveyard of armies for millennia

            politicians who ‘wish’ it to be otherwise never accept what history books tell them

            • Mirror on the wall says:

              Even Sir Sidney Ruff-Diamond, the governor of Kalabar back in the day, fell foul of the old story. Now it is USA’s turn for a final scene.

          • I notice that a CNBC story published Mar 8 says,
            “The Pentagon said Monday that it has not decided whether to withdraw U.S. troops from Afghanistan.”

            March 8 was well after Biden took office, so it sounds like the problems got worse after he took office.

    • Syria was an oil exporter at one time. Its production started in 1980, reached a peak in 1996, and has been falling ever since. A big part of Syria’s problems are related to rising population when times were good. Also, the loss of the good fortune.

  10. Mike Roberts says:

    Just to give up to date information, the latest CDC numbers show 322 deaths from COVID-19 in 0-17 year olds. That’s about 0.0012% of cases in that age group.

    The 7 deaths occurring in vaccinated 12-17 year olds represents about 0.00009% of those vaccinated, though investigation would be required to determine if the deaths were from the vaccination.

    • All is Dust says:

      Deaths from Covid-19 have a head start of around a year. You need to compare over the same period of time. Otherwise you get meaningless (and dangerous) conclusions such as the above. In the UK, deaths from vaccines are roughly 1 in 40,000 whereas deaths from Covid-19 in 0-9 age group are 1 in 1,150,000 and for 10 – 19 age group it is 1 in 242,000. Clearly injecting children with this crap is a form a child sacrifice.

      • Mike Roberts says:

        I know it’s not apples with apples, but I gave the percentage in each situation, in case someone wanted to compare them (presumably that was the reason FE posted old figures on COVID deaths and up to date figures on vaccine events). Remember that the rate of vaccinations is far outpacing the rate of infections. In fact, there have been 7.5 million vaccinations (at least 1 dose) in children up to 17 years of age but only about 3.2 million COVID-19 cases in the same age group.

        • Fast Eddy says:

          Yes let’s inject all children with an experimental injection because they might get a sniffle or a sore throat….

          Even though they will still get a sniffle and a sore throat because the injection does not stop them from contracting covid

          Perfect sense … eh Mike?

          Latest CDC VAERS Data for 12- to 17-Year-Olds Include 7 Deaths, 271 Serious Adverse Events Following COVID Vaccines

          VAERS data released today by the CDC showed a total of 358,379 reports of adverse events from all age groups following COVID vaccines, including 5,993 deaths and 29,871 serious injuries between Dec. 14, 2020 and June 11, 2021.

          https://childrenshealthdefense.org/defender/cdc-vaers-data-deaths-adverse-events-covid-vaccines-including-children/

          To every person who is reading this post — if you have your kid Injected and they get very sick or die…. I hope you are driven by guilt to stick a gun barrel in your mouth – and pull the trigger.

          I really… really… really… do

    • Tim Groves says:

      I asked the CDC to tell me how many of those 322 deaths were “deaths caused by Covid” or “deaths with Covid”. I’m waiting for them to get back to me.

  11. Fast Eddy says:

    Just watching this … he’ll get nowhere…. the only way to change this is through violence… a total revolution would be required… I do not see that happening … and it would not be in our interests for it to happen – or succeed

  12. Fast Eddy says:

    As the United States’ covid-19 death toll moves relentlessly beyond 200,000, data shows that only about 100 children and teenagers have died of the disease, a fatality rate that is drawing wonder from clinicians and increasing interest among researchers hoping to understand why.

    https://www.washingtonpost.com/health/covid-children-deaths/2020/09/25/9df39bf4-fdad-11ea-8d05-9beaaa91c71f_story.html

    Latest CDC VAERS Data for 12- to 17-Year-Olds Include 7 Deaths, 271 Serious Adverse Events Following COVID Vaccines

    https://childrenshealthdefense.org/defender/cdc-vaers-data-deaths-adverse-events-covid-vaccines-including-children/

    • Xabier says:

      What ‘draws wonder’ is the global detemination to jab the poor little buggers, despite their not being in any real danger.

      Now, I wonder why that is? What can possibly explain it? Why are so many ‘sovereign national’ governments pursuing the same policy?

      It couldn’t be a Plan, could it?

      • Tim Groves says:

        It’s definitely a plan. All those doctors, nurses and army personnel haven’t just thought up the idea of jabbing junior independently, simultaneously and coincidentally, now have they? Dunc, Norm, Mike, Dennis, anyone?

      • Fast Eddy says:

        Let’s turn to Norm Dunc on this ….

        Why Inject the children …. we’ve seen the hundreds of thousands of maimed adults … and deaths… and that’s just the short term impact…

        We are told the vaccine is safe… but given the epic injury numbers … one surely has to wonder what the long term results will be….

        And children would normally have the long term to be concerned about… (although they will soon be dead so it doesn’t matter)

        But why Inject children?

        MOREon Brigade Members are invited to contribute more stuupidity.

        • Rodster says:

          “Why Inject the children …. we’ve seen the hundreds of thousands of maimed adults … and deaths… and that’s just the short term impact…”

          Answer: because according to people like Dunce, the vaccines are safe.

            • TIm Groves says:

              That’s right. When you can’t debunk the overall thrust of a claim, you can always pick on one word. It’s a great way to throw people off balance and create the illusion that you actually have a point to make.

            • ‘we’ve seen’ implies hard evidence–bodies in the streets and so on, maimed people filling hospitals.

              so far I’ve seen no chalked outlines around here to show were bodies were removed in the night.

              ‘And that’s just the short term’

              One must assume ‘long term’ means anything from a sex change to growing another head.

              I look in the mirror every morning….gf says nope—you’re as ugly as you were yesterday. Cheek. And after 20 years too—hardly worth getting vaxxed.

              Like I keep banging on–hand held social media is a wonderful thing.

              I can remember a time—long long ago—when the only ‘secrecy’ was about moon landings and the WTC.

            • Xabier says:

              ‘Seen’ as in ‘in the (official) -stats’.

              Over a thousand dead, nearly a million injured in the UK alone.

              And the MHRA stated on their site – before this all began – that the reporting system captures ‘less than 10%’ of incidents’.

              A statement they have since modified, as of course it is all too embarrassing for them.

              They are doing nothing to investigate those deaths.

              Reflect on that.

              Then, I sincerely hope, you will try to save your family and, above all, your new baby great-grandchildren, poor innocents, from this great crime.

              Although you attack and insult me, I am trying to help you, and them.

            • I dont attack anyone–life’s too short

              I only react to silly comments, particularly the ones that insult my intelligence by expecting me to believe them. If you see that as attack, well—tough. Don’t do it. Like Eddy, you used to present as normal and well balanced for exchange of ideas. Then about 5 years ago mass social media appeared. Then look what happened. Check the OFW archive if you don’t believe me.

              it seems to be my words that attract flak for some reason.

              I took a look at the MHRA site, out of general interest;

              https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/994726/20210616_Coronavirus_vaccine_-_summary_of_Yellow_Card_reporting__v2_-_clean.pdf

              taking a short quote out of it;

              >>>>>Up to 9 June 2021, the MHRA had received Yellow Card reports of 390 cases of major thromboembolic events (blood clots) with concurrent thrombocytopenia (low platelet counts) in the UK following vaccination with COVID-19 Vaccine AstraZeneca. Twenty seven of these events have been reported after a second dose. Of the 390 reports, 207 occurred in women, and 180 occurred in men aged from 18 to 93 years. The overall case fatality rate was 18% with 71 deaths, four of which occurred after the second dose.<<<<<>>>>>Based on age-stratified all-cause mortality in England and Wales taken from the Office for National Statistics death registrations, several thousand deaths are expected to have occurred, naturally, within 7 days of the many millions of doses of vaccines administered so far, mostly in the elderly.<<<<<<<

              A thousand dead and a million injured?

              I've said all along that any medical intervention, no matter how trivial, will give adverse reactions to some. That is inevitable. A visit to the dentist can kill you. Unlikely, but it happens. As can a scratch from a cat or a rose thorn.
              We are now looking at 40 million jabs. There are bound to be adverse reactions.

              The report states that most adverse reactions are an aching arm, which goes away after a day or two.

              Are these part of the 'million maimed and injured?'

              The report above seems to cover pretty much everything under debate in a reasonable way. I'd figured that much out before I read it. Common sense. There really is no plot to reduce human population by introducing viruses, anymore than there was in 1921.

              It does not of course pander to silly hysteria and various scamatologists, who seem to thrive on nonsense, who I can't resist deflating.

            • Fast Eddy says:

              Admitting the Injection maimed your body… is like complaining that a Tesla is a pc of sh-it vehicle…

              It’s just not done. Because you are ‘saving the world’…. and when you are saving the world …. you don’t complain.

              So ya… most CovIDIOTS will blame that blood clot in their brain on lack of sleep … or just deny its existence… they’d never report it …. that would be considered betrayal…

              Similarly when you notice the 2cm gap where the bumper attaches… you convince yourself that this is normal…

          • Fast Eddy says:

            Most people believe that only a handful of people have died or been maimed… because the MSM hides the numbers.

            Of course if a CovIDIOT is shown the numbers — the CovIDIOT believes it is in the interest of mankind to hide the numbers because otherwise people would refuse to be Injected and Covid would collapse the health care system.

            And we’d all end up like the poor Swedes… dying in the streets

            https://media.tenor.com/images/f9d332775b80b6a07b20775c5a8a257d/tenor.gif

        • John R. says:

          Fast Eddy, if you haven’t looked at Clues Forum that includes a sizable section on the fake moon landings plus other goodies, take a gander. Like Miles Mathis’s blog, it will make the typical dull-as-a-box-of-hair personality explode!

          https://www.cluesforum.info/viewforum.php?f=23&sid=0a09524672ca230342b77c015403489a

  13. davidinamonthorayearoradecade says:

    NIKKEI is down 1,000 points! We’re doomed! Oh well, it’s time for all of us to just give up because, you know, when there is a bit of bad economic news, well, it’s just time to give up. So my advice is that we all should just give up NOW, because someday in the future we are all DOOMED anyway. And oh, because it’s “obvious”.

    • davidinamonthorayearoradecade says:

      BTC down $1,000 tonight! It’s almost over, mere days until IC collapses.And some persons were planning on bAU in 2022. Ha!

      • StarvingLion says:

        BTC is down 2430 as I type this.

        What effect will it have on the general stock market?

    • Sam says:

      It’s actually A good thing to see markets come down. Stocks trading so much higher than earnings and housing 300,000 higher than what they were three years ago is not a good thing. I will sometimes wonder when will the masses figure out what is happening

      • Sam says:

        Why are my comments awaiting moderation when fe can say whatever he wants!! Censorship I suppose! It’s everywhere!

        • a word in your ear Sam

          don’t jump to conclusions about FE saying whatever he wants

          only the sanest of his sayings gets published

          • A fair amount of what FE says never gets past moderation.

            • Fast Eddy says:

              I am hoping my new tactic is pleasing the moderators…

              I____

              Could be many things.. Investment… India… Immoral … surely we cannot censor based on fill the blanks… that would reflect poorly on the censor who is assuming the worst 🙂

          • Fast Eddy says:

            The DelusiSTANIS need censorship to protect their feeble minds from the Greatness of Fast Eddy.

            Makes sense… Gail would get bored writing for FE and a handful of others.

            And The Core would get bored with DelusiSTANIS to amuse us with their Stoo—oopidity.

        • Xabier says:

          Sam, it happens quite randomly on this site, whole poss can disappear, pop up in random places, etc; it’s not censorship, although Gail does use wise moderation she is very tolerant.

        • Fast Eddy says:

          You could also apply for God status …. but it’s difficult… you need a minimum 800IQ

  14. Duncan Idaho says:

    “Each year Lake Oroville helps water a quarter of the nation’s crops”

    (are you paying attention?)

  15. Cirus says:

    This should prove interesting https://www.youtube.com/watch?v=UHzEFPfDDZ8 ex police officer calls out uk gov.

  16. voza0db says:

    But this is not a topic that the politicians or central bankers or oligarchs who attend the World Economic Forum dare to talk about.

    Nope… They do talk about it. And even better they use many resources into planning events that can address what really is a threat to Them.

    OPERATION COVIDIUS is just the most recent operation They deployed. I must declare that it is the most successful till this day.

    • Maybe I should add the word publicly to the end of the sentence:

      But this is not a topic that the politicians or central bankers or oligarchs who attend the World Economic Forum dare to talk about publicly.

      Behind the scenes, they are willing to pull whatever strings they can, so that they personally will have a good chance of coming out ahead.

  17. StarvingLion says:

    I have just written Gail’s next article and every one after.

    “The Nasdaq Composite must go up ala Bitcoin”

    Thats it. No further analysis is required or even relevant.

    The commentary exhibited on this forum has been whittled down to…

    The Progress Hoax.

    Just Fake It. Nobody cares. Its all good. Just buy the Nasdaq.

    Its going to the moon.

    • StarvingLion says:

      Stock Market Melt-Up Followed By 80% Crash THIS YEAR | David Hunter (PT1)

      https://www.youtube.com/watch?v=QwY29NHlpPg

      Its so obvious. Why bother talking about anything else?

      The Nasdaq Composite will do a Bitcoin and go to 85000 and then CRASH to 15000.

      • I have no problem with a forecast of the market perhaps going a bit higher, and then crashing.

        I don’t see my job as being predicting precisely when this will happen. But it does look like we are up against limits, right now.

      • D. Stevens says:

        He says after the crash he expects a fairly quick recovery and growth to return. Major pull back in the markets end of ’21 and after we muddle thru ’22 then it’s pile in for big growth in ’23? Guess he’s not a reader of this blog or other similar ones talking about resource limits. Then again maybe he’ll be right and the markets will rocket back and you can make a lot of money. Probably wont be much to buy with that money other than more equities in unprofitable companies but it’s fun to watch the balance grow because it makes one feel wealthy having all those digits.

    • StarvingLion says:

      Charlie Nenner says Gail will be talking a lot about the Stock Market from now on.

      https://usawatchdog.com/stock-market-cut-in-half-soon-charles-nenner-6-19-21/

      Renowned geopolitical and financial cycle expert Charles Nenner made a huge call at the end of January 2020. Nenner said, “I am more worried about the market going down 40% than making 5% more on the upside.” The market topped a few weeks later (2% higher) and then plunged 38% for the next several weeks. Spot on call. Nenner also said he was “more worried about domestic civil unrest than war in a foreign land.” We had Antifa and BLM rioting, looting and burning in Portland, Minneapolis, Chicago, New York and many other cities for most of 2020. This was, yet, another spot on call. What’s Nenner seeing now? Nenner says, “ I have a chart going back to the 1900’s, and if you connect all the tops, the tops of 1929, top in the 1960’s, 1987, . . . we are up to the trend line again. It seems very, very unusual to break a trend line that dates back for 100 years. So, risk is very high. . . .We are totally out of the market. . . .We have been out for three or four weeks. . . .We have the same thing as before. People are more afraid to miss 4% on the upside than 50% on the downside. That’s human nature.”

      How low can the market go from here? Nenner says, “20,000 or lower is my call.” I asked Nenner, “You think the market could get cut in half?” Nenner replied, “Yes.”

      The next big call is on inflation. The Federal Reserve keeps telling the markets that inflation is “transitory.” Nenner contends inflation is here and will get much worse. Nenner explains, “If the Fed keeps the policy unchanged, the market is not going to like it because they think the Fed is not paying enough attention. For the moment, I agree with the Fed that the inflation fear is overdone. But based on my cycles, we are going to soon start a whole new cycle of inflation. . . . There is a long term cycle on inflation. . . .In a year or so, we are going to have a lot of inflation.”

      Nenner says Bitcoin, at least for now, looks to be topped out. Nenner says, “I have no higher price target. We might have a new up cycle, but I don’t think the top ($64,000) is going to be taken out for a long time.”

      On oil and natural gas, Nenner says, “We are out of oil right now, but I don’t think the bull market in oil is over yet. I think natural gas will start a long term up move soon.”

      On gold and silver, Nenner says, “There is no bottom fishing in silver or gold. The bottom is weeks away. We might touch the bottom on gold at $1,670.”

      • Don Millman says:

        Silver is much better than gold. I bought silver at $13 an ounce about a year ago and it’s now around $27 or $28. Warren Buiffett bought a shipload of silver some years ago and sold at a huge profit. Gold is overpriced–look at historical trends.

        • Diversification is a good strategy, in my view, but I am not really convinced any particular strategy will work Silver coins are a lot easier to trade than gold coins, and much less likely to be called back in..

          Perhaps in the future, it will be the world’s few remaining hunter-gatherers that will come out ahead.

          • Xabier says:

            It’s the thought of having a clever stratagem, and the little transient gains they make, that keeps the little people sane – or at least hopeful – in a menacing environment, even if it is delusional.

            Gains on trading in this and that can be wiped out in a moment these days – particularly if the owners of the system don’t want you to keep them.

            Remember, it’s ALL theirs. And soon they will chip you to make sure you know it, as a follow-up to the injections.

            Power is much better, to be the top predator of the financial system; but even that will fail those who imagine that they are ‘the makers of reality’ and ‘horizon scanners’.

            Every hand is a losing hand in time, and they will discover they are not gods.

            ‘All things die: beasts die; men die: the only thing that might survive is your reputation among men’.

            The Havamal.

            Right, off to chop some wood and make a nice big fire on this truly miserable English ‘Midsummer’ day!

            ‘Cast another log on the fire, pour some old wine’, as the wise Roman poet said.

    • StarvingLion says:

      Gregory Mannarino says you’re all DOOMED. Its not just Harry Dent

      https://www.youtube.com/watch?v=68J1U1Z038I

      Out Of Control Inflation, A Currency Crisis, An Economic Freefall, Runaway Central Bank. Mannarino

      • davidinamonthorayearoradecade says:

        wow! first HD now GM says we’re DOOMED! What should we do? Should we just give up?

    • Actually, the economy is hitting physical resource limits. We are already seeing many broken supply lines.

      I don’ know when I have ever written about the stock market going up, except to say that all of the funny money is making the stock market go up. But there is a limit to this. Either a debt bubble bursts, and asset prices start falling greatly. Or there are a huge number of broken supply lines, making it impossible to buy, for example, cars with the number of semiconductor chips that are used today.

      Eventually, there cannot be the physical goods and services that there are today.

      If Joe Biden has his way, these goods and services will be shared almost equally among the many poor. But this approach is not the approach of nature. If there is not enough to go around, there will be unequal sharing of what is available, so that some have a chance of surviving. The best adapted to the new situation will survive.

      I would imagine that it will be the people making the goods and services, not the ones owning all of the shares who will be the survivors. Without the workers, nothing will be made. The owners of the big bank accounts may be out in the cold.

      • StarvingLion says:

        Why can’t you just state the blunt truth: those bullshit tech “giants” are CULTURAL MARXIST BULLSHIT FRAUDS and they can’t ever go through a corrective phase. Not only that they have to go BITCOIN straight up vertical and crash the US $. What else can possibly happen?

        Invesco QQQ Trust Series I (ETF)

        Apple 10.95
        Microsoft 9.50
        Amazon 8.32
        Tesla 4.24
        Facebook ‘A’ 3.78
        Alphabet ‘C’ 3.62
        Alphabet ‘A’ 3.31
        Nvidia 2.69
        PayPal 2.31
        Intel 2.1

        https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=qqq&insttype=&freq=2&show=&time=20

        • But you only get paid in play money.

        • Sheila chambers says:

          Bitcoin is a DIGITAL CURRENCY when the blackouts come, your Bitcoins will be GONE.
          It takes awesome amount of energy to “mine” Bitcoins & that energy is in DECLINE.
          Better to get your $$$ into LAND & HOUSING not Bitcoin.

          • Xabier says:

            Bitcoin does seem particularly delusional.

            But even land and housing can be taken away in a moment, by an unjust law, new regulations, new or higher taxes, or by simple force as an ’emergency measure’.

            Jesus was correct: foxes have holes, birds have nests, which they make and no one owns; but man is a homeless, destitute wanderer…….

            I am comfortable at the moment, and very grateful for it, but I have worked out the few simple, rapid, steps by which I could be made both homeless and penniless by the system if TPTB decide to do it.

            And if it suits them, they will.

          • rufustiresias999 says:

            When the blackout comes, your money in dollars (euros, pounds) you have on your bank account is gone too. Your money on your bank account is digital information too. Even the paper money in your pocket is a claim on future (perhaps immidiate future) energy use.

            • Xabier says:

              Quite so, Rufus: that’s why I’ve invested very heavily in wood and steel, among other things, in highly useful forms…….

              And a large library to while away the next lock-downs, and burn on my fire if needed.

      • Mirror on the wall says:

        I suppose that it could go either way, but historically there are always those who are good at making stuff, and those who are good at controlling the power structures of society, usually to their own benefit. Those classes are rarely (ever?) the same group of people.

        It generally comes down to who controls the armed forces, and who makes the laws that give structure to property relations and to the distribution of goods. Today that is the bourgeois ‘national state’. In less materially and energetically ‘developed’ times, it was kings and aristocracies, or pharaohs, ceasars and the like.

        The main historical socio-economic orders that we know much about were classical slavery, feudalism, capitalism and ‘socialism’. None of those involved any control over production and distribution by the workers themselves. There was always a different social stratification.

        So, we will have to wait and see, but I doubt that it will go the way of ‘workers control’ if history is anything to go by. I suppose that theoretically it could, if the workers controlled the means of power, above all, weapons and their use, but they tend not to.

        Will any ‘share holders’ retain any power for much longer? Hard to say, but it seems unlikely that they will indefinitely. The present organisational ‘set up’ will prevail – until it does not. Historically that way of organising things is limited to the period of developed industrial capitalism, which is on its way out.

        • Don Millman says:

          The main problem is that the politicians are absolutely corrupt. What used to be called graft is now called campaign contributions. Politicians spend most of their time and effort raising money from special interest groups. It is very much like the situation during the final years of the Roman Republic when senators openly sold their votes to the highest bidders, thus creating the worst form of government, a plutocracy.

          • Fast Eddy says:

            As I have mentioned… the Elders prefer corrupt politicians… they are ideal…. no need to show them the Zapruder film!

          • Mirror on the wall says:

            The Tory Party, which has dominated UK politics for 100 years, is funded by big business. It gets its donations directly from businesses, or else from the individual owners of the businesses – it also gets some smaller donations from the ‘plebs’. TP is basically the political front of the CBI.

            The British state is a capitalist state and it exists first and foremost to represent the interests of organised British capital. All that they really care about is more money for businesses, GDP growth – everything else is just spin to draw in the suckers to vote for them – flags and all that nonsense.

            > The Tory party is so dependent on big money it now represents only a tiny elite

            In the first fortnight of the election campaign, the Tories broke the record for the most money raised in a British election. The Electoral Commission’s latest data on donations shows the Conservatives consolidating their lead in the money stakes. Since the start of November, large donors – those who give more than £7,500 – have contributed at least £12m to Tory party coffers. No other party comes close.

            So far, this general election is confirming a major trend in British political funding. The Tories are increasingly reliant on a small group of very wealthy, overwhelmingly pro-Brexit donors, mostly involved in the City of London. Last week, a billionaire businessman, Peter Hargreaves, gave the Conservatives £1m. Hargreaves – who described Johnson as a “buffoon” in August 2018 – previously gave £3.2m to Arron Bank’s controversial Leave.EU campaign during the EU referendum. Jon Wood, the founder of SRM Global and a long-term Tory backer, gave £250,000, as did the Carphone Warehouse founder David Ross.

            “The Tory party is now wholly unrepresentative in any way of the UK population – its source of funds is so restricted,” says the economist Frances Coppola. “These are all people who want to see a bonfire of regulation, a Singapore-on-Thames.”

            https://www.theguardian.com/commentisfree/2019/dec/09/money-matters-elections-tories-ultra-rich-brexit-donors

      • Xabier says:

        First the owners will triumph: then ALL will go down together.

  18. Minority Of One says:

    Dr. Vernon Coleman, who used to feature in posts semi-regularly here, posted what looked like his last video on April 1 st this year, “Goodbye and Thank You”.

    Seems like he changed his mind. This video appeared on YT when I logged in last Thursday:

    Ignorance and Prejudice in Medicine
    https://www.youtube.com/watch?v=lVE3kxwRW0Q&t=917s

    Vernon discusses the medical establishment’s historical inability to accept new ideas from up and coming doctors, or even established ones. The issue goes back centuries. He has turned off comments due to the amount of bile his articles were receiving.

    His main website is:

    https://vernoncoleman.org/videos

    He has been busy.

    I think he posted ‘Ignorance and Prejudice in Medicine’ on YT because it does not mention sars-cov-2 or CV19 and is unlikely to be removed. But you never know.

    One of the people Vernon mentions is Dr. Joseph Lister. He was a well respected professor in his day (what Brits would call Victorian, 1827-1912) and he spent much of his life trying to convince the medical establishment that antiseptic surgery was a good idea. He got there in the end but it took decades. His story told in “The Butchering Art” by Lindsey Fitzharris, 2017. A good read.

    • Doctor Vernon Coleman is British. I expect that the situation is somewhat worse in the US, because the US healthcare system seems to operate on the principle of making as much money as possible for the providers. A reasonable person would think that some of this treatment is excessive. A much less expensive approach could have been used, in many cases,but that would not have resulted in as much money for doctors, device makers, and the pharmaceutical companies.

  19. cannuck210 says:

    Thank you Gail for another excellent article.

    Please may I ask a question that is ‘somewhat, related to your article?

    Specifically, I have just finished listening to Tom Luongo being interviewed on the web site, Geopolitics and Empire. newsletter@geopoliticsandempire.com

    Luongo writes an excellent column and when he is not becoming too excited, produces some well reasoned arguments that are interesting to follow.

    On this occasion though I am unclear as to what he means by the statement “that there are huge volumes of oil available both in Russia and Iran – ready to flow into Western Europe”

    And that there are equally large volumes of very cheap natural gas available as well – Nordstream 2.

    I follow your logic (hopefully) regarding the costs facing oil companies – associated with exploration, extraction, refining and transport to market not being covered by the actual price achieved at point of sale.

    So does your analysis support Tom’s comment for such huge and cheap amounts of oil and Natural gas being available? Or am I missing something? (Most likely!).

    Many thanks

    • MM says:

      I would say the gas in Russia or better Turkmenistan or Iran comes with a military price tag that adds to the pump price in the end.
      But you can ask Biden to send a SMS “We want you oil and gas!” maybe it will work….

      If you look at current Gas / and coal projects around the world you see that there is a lot left to burn
      Vaclav Smil “natural gas, the fuel for the 21st century”:
      Mr. Smil is a pretty smart guy but his latest book was about “growth”.
      It is not clear, if growth is a solution for problems related to growth…

      I must admit that I also do not follow easily in all point to what Gail says but:
      1. Saudi Arabia is BIG in oil but in it’s best days only delivered around 10 MBl / d of current consumption of 85 MBl/d
      2. Russia has developed several pipeline proejects for it’s “neighbour” Europe quite quickly
      3. There is a substantial amount of gas in the mediteranian but most of it is under “dispute”

      The point I see is that in principle for this to work you would need to invest a lot in “gas” infrastructure.
      That does not sell well with climate change.
      So currently the story of the day is “green hydrogen” (with a small blend of NatGas to it, cough)…
      It is a bet….

      Debt is a bet on future energy, if it should not materialise in time, some people might want to sell Bitcoins to pay off debt…
      But debt you know, it is all just numbers in some Excel sheets in the IMF/FED/EZB…

      “Oops, i pressed the delete key for some cells. ”
      “Hey that actually looks nice!”

    • Sam says:

      Huge amounts of cheap oil?! Ha…Ha Ha……has it been there all along and we never saw it? How about some specifics….oil companies drill the huge cheap oil first …..if it has just been sitting there they would have taken it a long time ago…Your logic makes no sense!
      Why would they being going after the expensive hard to get to oil now while price is low!

      • cannuck210 says:

        Thank you Sam for your reply. If you took a moment to read my post you would see that is ‘not my’ logic. I was asking with reference to a podcast that I had just listened to.

      • MM says:

        This is how cheap oil looks like:
        https://www.thestoryoftexas.com/discover/campfire-stories/roughneck
        I do not think that Iran has that much trees for lumber to construct such great oil wells as the Texans did!
        As far as I know the quality of the oil in Iran is not really perfect due to heavy metals (https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0242703) that make it difficult to refine or dump refinery waste echaust……
        Oil is the master resource. All machinery for all other resources runs on oil.
        Then there is coal, all machinery from steel is smelted with coal
        Then there is gas. Gas is quite effective in amonia production (cough) and some people like it for gas turbines that can have a higher carnot efficiciency coefficient than coal fired plants. That is a very delicate business to make profts…
        The Germans in the end made Biden accept Northstream2 because LNG would have broke the EU camel’s back, you know….

        • Sheila chambers says:

          To access that coal & natural gas, you need OIL, cheap OIL so the asking price of coal & nat. gas is low enough to be affordable to those that need it, like everyone & every farming & manufacturing process.
          Without OIL, nothing gets done.
          OIL is the keystone of our civilization & is LIFE itself for billions of people.
          No OIL, no 8 billion humans.

    • One point I would make is, “Whether or not we have natural gas, we really need to have inexpensive coal and oil.” Without these, we cannot make and lay the pipelines to pipe the natural gas. We cannot maintain transmission lines and roads to service the transmission lines.

      The catch with all of the oil is that the price needs to be high enough so that it can be taxed heavily by governments. This is probably in the $120 to $150 per barrel range. The oil may look cheap to extract, but it is not.

      Natural gas has a lot of “issues” with it. It needs to be piped door to door. If it is shipped across the ocean, it needs to piped to a location where it is made into liquified natural gas, then transported by ship across the ocean, and them made back into natural, with the correct characteristics for the country where it is sold. (These vary a little.) Some of it is necessarily lost in shipping. Methane is the primary natural gas. Methane is a long lasting global warming gas. If the leakage is enough of a problem, natural gas may be more of a global warming problem than coal.

      All of the infrastructure needed for natural gas requires coal and oil to be built and maintained.

      There also needs to be a huge amount of storage for natural gas, because the use of natural gas tends to be very seasonal. Storage is done in underground caverns, of the right type, that have been prepared for this purpose. These only exist in some parts of the world.

      Delivery costs for natural gas are often the majority of the price. (With oil, it is taxes that are often the majority of the price.)

      My guess is that we lose natural gas, not because it “runs out,” but because we can’t maintain all of the infrastructure for end-to-end delivery of the natural gas.

      There may also be an issue of too low price for natural gas to make collection worthwhile. Historically (and even now) a whole lot of natural gas has been “flared” (burnt off), simply because the cost of collect and purifying it for sale was more than the market price.

      • Don Millman says:

        It is cheap and easy to extract hydrogen from methane CH4. A rapid shift to a hydrogen economy in a few years appears feasible. After all, France developed safe and cheap nuclear electricity in just a few years, and now they have cheap, safe, and reliable electricity with waste safely disposed of using their vitrification. When South Africa faced a global oil embargo, Sasol developed cheap and reliable coal to oil technology in just a few years, and it has been profitable and reliable for the past fifty years.

        • I will believe a rapid shift to a hydrogen economy when I see it. How do you possibly store the stuff? The volume is huge and it easily leaks.

          France’s highest nuclear energy generation was back in 2005. Its generation was down 12% in 2019. Its power plants are an average of 35 years old. Some of the very old ones are being decommissioned. The country does seem to be doing better than average on recycling waste material, so it has less to store on.

          The coal to oil process of Sasol “works” when the price of oil is high relative to the price of coal. Recently, the price of coal has been relatively high and the price of oil low. This combination doesn’t work. This is why Price Waterhouse Coopers questioned the company’s ability to continue as a going concern in its last financial statement.

          • Don Millman says:

            Sasol has been making money for fifty years. Now that the price of oil is up, it is doing even better. My guess is that it will be around for another fifty.

        • Fast Eddy says:

          Don … are you smoking or injecting? Where do I get some?

        • Ed says:

          Better to convert it to methanol a liquid easy to store and transport.

          • I strongly recommend David Mackay’s book—Sustainable energy, without the Hot Air

            Brilliant and free to download. He offers some brilliant, informative youtubes as well. No loonytoon stuff I promise

            At one point he covers methanol as a fuel, with all the necessary calculations:

            A six lane highway with all its traffic running on methanol (moonshine) would require a swathe of farmland 7 miles wide just to provide that moonshine.

            Don’t take my word for it. The information is all available for free

      • Sam says:

        In the west we use natural gas to heat our houses and produce electricity. A lot of coal power plants have converted to natural gas because of the low price. I wonder if fracking starts going down then the price of natural gas will go up..

      • Student says:

        Gail, at this regard I kindly ask you if you have any information of steel plants that can be converted to produce steel using only gas as energy instead of coal.
        In fact in Italy the government wants to convert the famous and important Italian steel plant called ‘ ex Ilva di Taranto ‘ using gas.
        They even think to then pass tp hydrogen, if I have understood well.
        Leaving apart the hydrogen issue that I can understand by myself is strange and difficult, can you please let me know if you have any information of steel plants working well with gas ? Many thanks indeed.

        In case please see here as reference: https://www.quotidianodipuglia.it/regione/taranto_ilva_cingolani_landini_bellanova_confindustria_futuro_impianto-5996206.html

        • You certainly aren’t going to be able to build the plant with only natural gas. You cannot build the pipes to the plant with only natural gas. Can you heat up the steel, using natural gas? My guess is that the answer is yes. In fact, I expect that this is the only portion of the process that is being considered. Can you use natural gas alone to mine and transport iron ore? No! Can you use it to make pig iron? I wouldn’t count on it.

  20. Herbie R Ficklestein says:

    Now they are even outsourcing Hillbillies!
    The Guardian
    ‘When is this going to end?’: US factory town devastated by jobs moving overseas
    Michael Sainato

    The Viatris plant at Chestnut Ridge, just outside Morgantown, has been in operation since 1965, providing well paid jobs in one of America’s poorer states. And the timing of the closure has workers furious.

    “This is the last generic pharmaceutical manufacturing giant in the US, and executives are offshoring our jobs to India for more profits. What is this going to do to us if we have another pandemic?” said Gouzd.

    It is also causing a political row, with Congress accused of inaction and workers denouncing profits before people.

    “When is this going to end, losing American jobs? Every politician you hear, part of their political platform is: jobs, domestic jobs, domestic manufacturing, bringing jobs and manufacturing back to America,” said Gouzd.
    According to Gouzd, Republican senator Shelley Moore Capito has ignored pleas to work with Biden officials to save the plant, and Democrat Joe Manchin, whose daughter served as Mylan’s chief executive until she retired in 2020, has also ignored their requests to get involved and help.

    Viatris cited the plant closure as part of a global restructuring initiative, and said it is exploring alternatives outside the company network.

    “The phasing out of manufacturing operations in Morgantown was a decision the company did not take lightly and in no way reflects upon our genuine appreciation for the commitment and work ethic of the employees at Chestnut Ridge,” it said.

  21. Yoshua says:

    Remember the dollar broke down from support against the euro. I still have a hard time believing this. Things are now so crazy that even Greek government bond yields have turned negative. We live in strange times.

    When the euro rises, oil prices rise. Maybe this explains the rise in the WTI price? The inflation is due to a falling dollar?

    https://pbs.twimg.com/media/E4EoOCOXwAEhKlY?format=png&name=large

    • When the Euro rises, oil is more affordable for countries using the Euro. They buy more of it, pushing up oil prices.

      US inflation is indeed related to a falling dollar, which in turn is related to all of the stimulus being done in the US.

      It is not really true that a country can issue infinite debt and not be penalized for doing so. Its currency will fall, and there will be inflation to pay for the falling currency.

      • The US has not been merely in role of “a country”..

        If and only when the status is lowered in the eyes of enough true stake holders then the process you describe (penalization for issuing infinite debt) could commence for real..

        From our (low-er) vantage point it’s unreasonable to claim with certainty the very moment is just here. The perennial rich have stakes and domiciles at every major hub (US, Europe, Gulf, Asia) always nudging if not directly commanding respective governments, one day they could dump the entire US if the situation (for their benefit / survival) demands it. We are likely not there yet..

        • Xabier says:

          The US offers them a fantastic concentration of military power, a very useful tool indeed: much as the UK’s Royal Navy – a world-dominator – served them in its heyday.

          So the US remains of great value to them, and the illusion of US servicemen that they are primarily ‘protecting their country’……

      • Don Millman says:

        You are exactly right.

  22. Rodster says:

    Do a search Duncan because she’s not the only one. Not only are cases of heart inflammation appearing but spinal inflammation, seizures, blood clots and death.

    • Duncan Idaho says:

      Can’t you supply the info?
      Is Newsmax down?

      • Rodster says:

        I don’t do Newsmax or Foxnews or any other MSM. Stop being lazy the info is out there. Here’s a nice leftest rag website you probably read. See how easy it is to find the information?

        https://news.yahoo.com/cdc-heart-inflammation-cases-ages-140826238.html

        Here’s another example of paralysis: https://www.bitchute.com/video/UnZBYeRdyXpQ/

        • Fast Eddy says:

          I think those guys prefer the video platform that censors…. I know most DelusiSTANIS choice is Youtube…

          I’ve got a friend who is like that – he refuses to open BC.

          He also thinks that the police state in Hong Kong is good — because it’s peaceful there now…. no violence or burning..

          He’s part of a minority (from America) and is big on minority rights… so I says well then… I assume you would support a Police State in America then … all those pesky BLM folks burning buildings and so on …. if the US had a govt like HK then there would never be another protest 🙂

          I also ask him why he is so against the Junta in Burma… surely he should be supporting the Generals because they are offering eternal peace hahaha… screw those people who are marching for a better government.

          He then leaves the conversation after I prod him a few times … it’s so much better to joust on a messenger app… the loser cannot scream … or punch you :)… he just has to take it like a beaten dog… (he can block you but that would be extreme)

          It’s amazing how ridiculous Goy are….

      • Fast Eddy says:

        Dont check CNN …

    • Fast Eddy says:

      I’ve posted the UK and US numbers… DuncNORM ignore them…. because they are ___________.

  23. Yoshua says:

    The debt is the problem?

    The treasury yield hit resistance at ~1.60 and it all started to breakdown?

    In 2021 this is all that it takes to crash everything?

    https://pbs.twimg.com/media/E4GhqjQXEAIJ3Co?format=jpg&name=large

    • The problem is that there is no “normal” to go back to, without completely breaking down supply lines and running out of the needed grease for trucks, chlorine for water systems, and semiconductor chips for everything that we need.

      • Xabier says:

        No old normal, how sad:

        ‘There is the land of lost content,

        I see it shining plain

        Those happy highways where we went,

        And cannot come again….’

        • ah yes

          I live there, I do know it well, and find Housman very hard to read at the best of times

          It was the funeral of one of my oldest friends (75 years) today

          Those were the exact words of the reading he had. Had I been able to be there, I know I would have cracked at that point.

        • Fast Eddy says:

          And yet… and YET… the DelusiSTANIS are convinced we’ll Build Back Better…. so let’s not lament the loss of ‘normal’…. what’s coming is going to be fabulous by comparison!!!

          It’s like an extended night before Christmas

    • If the purpose of the vaccine is to reduce fertility, then getting the vaccine out the world would seem to be the way to go. Encourage countries to use their scarce resources to make more vaccines, so everyone everywhere can get this benefit.

      • Fillmore East says:

        Interesting Gai. I just watched the Netflix movie “The Old Guard” starring Charlize Theron night. The premise of the movie.. A group of immortal soldiers whose good deeds have protected humanity down through the ages are tracked and captured so that a shady corporation can do genetic experimentation on them for the purposes of life extension and pharmaceutical profits. The name of the corporation is Merrick.

        In chickens, the widespread use of leaky mRNA vaccines resulted in a form of Marek’s disease allowing more virulent and deadly strains of the virus to kill unvaccinated birds.

        Pro-C-19 Vaxxers say that there is no evidence of Antibody Dependent Immunity in the clinical trials of the mRNA vaccines and the narrative is that we need high % of vaccine uptake to guard against dangerous variants.

        Check out this article. Thanks!

        https://www.sciencemag.org/news/2015/07/could-some-vaccines-make-diseases-more-deadly

        • Fillmore East says:

          Gail,

          I’m leaning towards.. the goal is to control the population through a global biosecurity state while managing resources, reducing fertility and killing off the dissenters with a more deadly engineered viral strain that Bill Gates says will “get our attention.”

        • Fillmore East says:

          Gail,

          Sorry I was typing fast. Leaky vaccines for chickens leading to death for unvaccinated chickens. Leaky mRNA vaccines for unsuspecting human guinea pigs, lol.

        • All is Dust says:

          No one can factually discredit the issue of ADE in relation to Covid-19 jabs because human challenge trials were not performed. I have the FOI request from the MHRA which proves it.

      • Fast Eddy says:

        Is that what Japan did?

    • Fillmore East says:

      Adonis, thanks for sharing. The IMF.org article says..

      “Second, insuring against downside risks such as new variants that may necessitate booster shots. This means investing in additional vaccine production capacity by at least one billion doses, diversifying production to regions with little current capacity, sharing technology and know how, scaling up genomic and supply-chain surveillance, and contingency plans to handle virus mutations or supply shocks.”

      Sociable.co is a great resource for the latest Great Reset news.

      https://sociable.co/technology/how-to-track-trace-every-person-purchase-protein-planet-manipulate-human-behavior/#comments

  24. Herbie R Ficklestein says:

    Amazing…the Tractor that won’t quit…Largest in the world …100% US Made….and simple construction design but lots of materials and Petro needed….great story…

    Jeremy Weber, Daily Inter Lake, Kalispell, Mont.
    Sat, June 19, 2021, 9:01 AM
    Jun. 19—It stands 14 feet tall, holds 1,000 gallons of fuel and can work close to an acre-and-a-half a minute.

    At 36,000 pounds, its eight 8-foot-tall tires alone weigh as much as a conventional farm tractor. The Big Bud 747 is the largest farm tractor ever built and it is coming to Kalispell.

    Owned by Robert and Randy Williams of Big Sandy, the Guiness World Record holder as the largest farm tractor will be on display at the Flathead County Fairgrounds Trade Center Building July 2-5 from 10 a.m. until 7 p.m. each day.

    “My daughters Lisa and Mandy, who live in Kalispell, wanted to try to do something for their community while also representing their roots in the eastern part of Montana,” Robert Williams said. “They think that it is great that Big Bud was built in Montana and is part of the history of farming here and they want to share that with everyone.”

    The 100,000-pound behemoth built by Ron Harmon and the crew of the Northern Manufacturing Co. of Havre in 1977, Big Bud originally was produced with a price tag of $300,000 for the cotton-farming Rossi brothers in Bakersfield, California.

    After a stint with Willowbrook Farms in Indlantic, Florida, the Williams brothers brought Big Bud home to work their large farm in Choteau County in 1997, less than 40 miles from where it originally was manufactured.

    After a slight rebuild, including a new paint job, chrome stacks, and a whopping new 900-plus horsepower engine, the Williams brothers put Big Bud to work.

    “We just kind of spiffed it up and took it out and farmed with it,” Robert Williams said. “This tractor has never just sat around. It has worked its whole life.”

    PULLING AN 80-foot tiller at speeds up to 8 miles per hour, Big Bud can work approximately 1.4 acres of ground per minute with a fuel economy of three-quarters of a gallon per acre.

    While the large tractor was purchased to help cut down the manpower needed to operate the family’s large farm, the Williamses soon found all kinds of unexpected visitors showing up at their door.

    “After a few years, people started coming out just to see the tractor,” Robert Williams said. “We entertained a lot of people from all over the world and wound up having one or two hundred people a year coming all the way out to Montana just to see Big Bud. It was a bit disruptive, but we were able to handle it.”

    Big Bud was the workhorse of the Williamses’ farm for years until a unique issue finally brought it to a halt. The United Tire Co. of Canada, which had built Big Bud’s one-of-a-kind set of massive tires in 1977, went out of business in 2000.

    “Big Bud actually has a very simple design, just like all of the company’s tractors. Just about anyone with any farming experience can work on it and keep it running. The components are easy to find and rebuild. Our largest problem was finding replacement tires,” Robert Williams said.

    With its original set of tires degrading, the Williams brothers had no choice but to retire Big Bud and elected to put the tractor on display at the Farm Progress Show in Decatur, Illinois.

    BIG BUD was down, but not out. The Williams brothers set to work producing new wheels, spacers and, with the help of Goodyear, Big Bud is now the owner of eight Goodyear LSW1400/30r46, the world’s largest agricultural tires.

    The tractor returned to the fields of the Williams brothers’ farm this summer.

    https://www.yahoo.com/news/worlds-largest-farm-tractor-coming-130100859.html

    LLING AN 80-foot tiller at speeds up to 8 miles per hour, Big Bud can work approximately 1.4 acres of ground per minute with a fuel economy of three-quarters of a gallon per acre.
    Big Bud actually has a very simple design, just like all of the company’s tractors. Just about anyone with any farming experience can work on it and keep it running. The components are easy to find and rebuild. Our largest problem was finding replacement tires,” Robert Williams said.
    … you look at the tractor, it has an engine that was built in Detroit. The tractor was built in Havre and the tires were made in Iowa. This tractor is 100% American-made, which is rare these days.

    No way folks are going back to hoeing the farm with draft animals ….this tractor has a 100,000 gallon fuel tank!

    • Ed says:

      it weights 100,000 pounds and has a 1000 gallon fuel tank.

      • Herbie R Ficklestein says:

        That’s what the article says!🤪🙊
        Should have said it uses 100,000 gallons of Petro!!!
        When I visited SE Minnesota a few years ago the fields had these monster machines In the fields as far as the eye can see….and thought to myself there is no way we are going back to Little House on the Prairie….
        While there, stopped off at the local museums …one had a wagon featured and the old guy there said when the youngest in the family became an adult that was there gift to prompt him off to start his own homestead in some other unsettled part of the territory.
        https://vesterheim.org/

    • Wow! It was built in 1977, when the consumption of oil and other energy products was still rapidly growing. I am sure it was designed even earlier.

      Now the limit we are reaching is in semiconductor chip. That wouldn’t be a problem for this tiller. Running out of grease would be. I am sure the new tires will last a long time. I expect getting new tires for vehicles will become another bottleneck in not many years.

  25. StarvingLion says:

    Harry Dent said 2 days ago that its all over for the stock market within the next 9 months. He guarantees it with his reputation.

    With that monstrous margin debt, …

    Bitcoin and the SP500 will literally go to 0.

    Its called…

    Pump and Dump. Gail and Eddy can’t figure it out.

    • Dennis L. says:

      A bit of internet research, HD net worth $1M-$5M, yawn.

      Dennis L.

      • Sam says:

        So does net worth mean you have intelligence and should be listened to? George Soros and Bezos have a lot of money should we take everything that they say as the holy grail? Who cares what net worth is if anything the more money people have he more they are disconnected with what is coming because they have lived a “soft life” and feel that they are insulated from anything and everything. Funny how you disregard him based on his net worth….

        • Dennis perhaps meant to say that H.D. seems to fill the rank of bottom feeders in the zoo of independent biz consultants, newsletter outfits etc.. which is by all accounts reasonable evaluation. Perhaps I’m biased too, but in any case there were other people who called the lift off and top for various fin manias correctly throughout recent decades, hence their reputation and record and also net worth is comparatively in way different league..

          If I recall it correctly there were even folks on this site year ago urging others to load up the proverbial truck when markets temporarily tanked and energy ETFs as well tech stocks shortly bounced back..

        • Well, Elon Musk thinks he’s a rocket scientist. Can’t find anything wrong with his notion of selling all his Earth houses to buy his Mars one.

          I think he disguises himself and stalks astronauts and harangues them about moon landings

        • Fast Eddy says:

          There surely is a fairly strong correlation between uninherited wealth … and intelligence….

    • adonis says:

      the elders are already preparing for that possibility https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

    • Peak Oil Pete says:

      LOL
      Harry Dent said last December was going to be the big CRASH.
      Then he moved it to February. …. NOTHING
      The he moved it to April (He said if it doesn’t happen in April he will quit and become a taxi driver) … NOTHING

      I suppose eventually he will be right. Then he can brag that he predicted it all along 🙂

      Yes, eventually it will happen.
      One month, 5 months, 12 months ?
      It’s up to the FED

  26. StarvingLion says:

    ****EMERGENCY WARNING SYSTEM****

    Crypto is collapsing again.

    • Duncan Idaho says:

      Yep, something that is worth nothing, eventually will be worth nothing.
      Reality eventually catches up with ideology.

    • davidinamonthorayearoradecade says:

      well, BTC is over 35,000. What do you see “collapsing”?

      • Duncan Idaho says:

        What do you see “collapsing”?

        It was 65,000 a short time ago.
        On Earth, that is a collapse.
        Don’t know on the planet you live on.

        • davidinamonthorayearoradecade says:

          I agree that BTC is a virtual nothing that only has value as long as its Ponzi continues. I own none. But one year ago it was $9,000. So in a year, it has “collapsed” from 9k up to 35k. Perhaps your memory is short.

      • Fast Eddy says:

        If you bought in at 60K+ … you might think otherwise

    • Hm, even the “smart pants” people who offloaded at peak are nowadays faced with inflation and or out of order for lot of items, best crews not taking new clients etc.. Proper timing needs gigantic doze of luck as well – all it’s a very narrow bottleneck and most are not going to make it through, smart or otherwise.. That’s why there is a social pyramid with tiny pointy spike at top to begin with..

  27. Harry McGibbs says:

    “Supply Chain Bottlenecks Drive Factory Decisions at This Maker of Boats, Motorcycles, ATVs…

    “Sports-vehicle maker Polaris changes its plans sometimes daily for what it produces. The company switches models for a while as supply-and-logistics managers scrounge for parts and materials for other models it is unable to build.”

    https://www.wsj.com/articles/supply-chain-bottlenecks-drive-factory-decisions-at-this-maker-of-boats-motorcycles-atvs-11624111201

    • Harry McGibbs says:

      “Shipping disruption: “We’re trying to do the best we can, but this is crippling us,” says Scott Humphreys. “Before the pandemic we were paying $2,500 to $2,800 (£1,800-£2,000) to bring a 40-foot container from China. Now we’re paying $16,000 – if we can get a booking.”

      “Mr Humphreys is managing director of Peppermill Interiors [UK], which supplies furniture for homes as well as to the bar and restaurant trade.”

      https://www.bbc.co.uk/news/business-57531716

  28. Harry McGibbs says:

    “McDonald’s to hire 20,000 workers in big UK expansion.

    “Fast-food titan set to open 150 sites and hire 20,000 workers as it dismisses fear of a decline in city centres… “It’s up to us to make sure there are reasons for people to visit their local high streets,” said Paul Pomroy, McDonald’s UK chief executive.”

    https://www.telegraph.co.uk/business/2021/06/19/mcdonalds-hire-20000-workers-big-uk-expansion/

    • Harry McGibbs says:

      “[UK] Clothing banks warn of families in crisis as demand soars…

      “Clothing poverty has been significantly worsened by Covid, says Louise Cooke, CEO and founder of the charity Sharewear, Britain’s largest provider of free clothing and bedding to the economically vulnerable.”

      https://www.theguardian.com/society/2021/jun/20/clothing-banks-warn-of-families-in-crisis-as-demand-soars

      • I expect people may be giving away less clothing to charities, if they have been buying fewer clothes themselves. If this is the case, there could be a double problem, of the poor needing more and the same time the rich are giving away less.

        • Don Millman says:

          i always give my surplus clothing to Goodwill. I also shop at Goodwill for bargains, e.g. a brand new $750 Italian sport coat that fit me perfectly and that I bought for $5.

          • Sam says:

            The goodwill stores here are so full the aren’t accepting anything… that or they don’t have Enough employees to check everything in.

    • Xabier says:

      That will certainly get me haring off to the centre.

      Next an expansion of Subway, and it will be up, up and away, UK!

      Vaccine Leader and the best cuisine on the planet, to be found in the city centres so beautifully reconstructed in the 1960’s……

  29. Harry McGibbs says:

    “The current economic crisis affecting Latin America and the Caribbean is having long-term effects on the employment structure, with the risk of permanently excluding many workers from the formal economy, a new World Bank report says.”

    https://presstories.com/2021/06/19/latin-america-and-the-caribbean-the-economic-crisis-is-pushing-many-workers-into-the-informal-sector/

    • Harry McGibbs says:

      “Rival protests in Peru as tensions rise over presidential vote.

      “Supporters of socialist Pedro Castillo and conservative Keiko Fujimori took to the streets by the thousands in Peru on Saturday, as tensions rose over the result of a June 6 presidential election.”

      https://www.aljazeera.com/news/2021/6/20/rival-protests-in-peru-as-tensions-rise-over-presidential-vote

    • Dennis L. says:

      Okay, so workers are excluded from the formal economy, what happens?

      It would seem a major issue is the inability of governments to skim some production of the workers. We need governments, but they seem to quickly become sinecures for those in power, not unexpected. Limit the skim and limit the power of governments, maybe even limit the ability to wage senseless wars.

      With recent historical economic growth, governments have been able to promise more today which is paid for tomorrow; this is no longer the case for those of us who more or less agree with Gail or Tim Morgan. That implies governments have lost a key function, Keynesian economics is pretty much a dead end.

      The Caribbean has a problem, if the cruise lines and tourists don’t return, their income is dropping, it takes a lot of metaphorical coconuts to buy a barrel of oil.

      Dennis L.

      • Mirror on the wall says:

        The Caribbean has a population of 43M. I do not know what its pre-Columbian population was, but it was probably closer to its actual carrying capacity.

        • Dennis L. says:

          Agreed, so we are back to the metaphorical coconut/capita problem.

          Dennis L.

    • I am afraid the situation is “Less energy consumption per capita = fewer formal jobs available, per capita.” The problem is an energy problem.

  30. Mirror on the wall says:

    The self-destructive impulses of the DUP are just unbelievable. Poots is gone as DUP leader after just 20 days in the job – which in creationist terms are actually tens of thousands of years. I sort of miss him – ‘Potty Poots’ was always good for an affectionate giggle.

    “He eats, Poots, and leaves.” “These Poots were made for walking.”

    Poots is out, after he proceeded to the appointment of ministers when Westminster intervened to impose the Irish Language Act, which DUP had agreed to kickstart Stormont last year. DUP is to have its third ‘leader’ in as many weeks – and today announced that they will collapse SM unless there is ‘significant change’ in the ILA plans.

    So, NI will likely proceed to fresh SM elections in the Autumn, in which SF is likely to become the largest part for the first time, and to take the post of first minister – and the DUP is likely to lose many of its seats. It is almost as if the DUP just want to destroy themselves.

    It seems likely that the non-sectarian Alliance party will take second place. In 2001, some of their MLAs temporarily ‘designated’ as ‘unionist’ to provide the UUP candidate for FM with the support of ‘50% of unionist MLAs’, and to restart SM – something similar could happen later this year, and then DUP would effectively be out of SM.

    We will just have to wait and see what happens. If DUP had sat down over the past week and asked themselves, ‘what could we possibly do to increase the chances of a united Ireland’, then it would probably have been ‘dump Poots over ILA, then collapse SM over it, and force fresh elections on that basis.’ The saga continues.

    > DUP warns: We will collapse Stormont

    Any new leader unlikely to nominate a new first minister unless Irish language law overhauled

    The DUP will force an Assembly election in the autumn unless there is significant change in the plans to bring in Irish language laws.

    Senior sources within the party told Sunday Life last night that the new leader, who looks set to be Sir Jeffrey Donaldson, won’t nominate a first minister unless a new deal is reached.

    That would collapse the Executive and set the clock ticking for Secretary of State Brandon Lewis to call an election.

    https://www.belfasttelegraph.co.uk/sunday-life/news/dup-warns-we-will-collapse-stormont-40558229.html

    • Mirror on the wall says:

      The UK MSM seems to be operating a total ‘black out’ of this news. Perhaps a state order has been issued?

      Varadkar has responded, and the Irish Times and other media outlets in the south have picked it up.

      > Varadkar urges DUP to ‘honour commitments’ on Irish language

      DUP sources say party will force election if no significant change to legislation plans

      …. Party sources told the Sunday Life that unless there were “significant change” in plans to introduce Irish language legislation, then the DUP would collapse the Stormont Executive and force an autumn Assembly election.

      Mr Varadkar, defending the commitment to introduce an Irish Act in the cross-party New Decade, New Approach agreement, which restored powersharing in January last year, said it was “something that shouldn’t really threaten anyone. It is similar to legislation already in place in Scotland and Wales, and it would be part of a wider package to recognise people who are British in Northern Ireland and people coming from a unionist perspective. That was agreed. It was agreed by the governments, it was agreed by all parties, and that should be honoured. People should honour their agreements.”

      Mr Varadkar said the deal was not “ancient history. I don’t understand how anyone, no matter what background they come from, wouldn’t honour an agreement they made only a year ago,” he told RTÉ.

      https://www.irishtimes.com/news/politics/varadkar-urges-dup-to-honour-commitments-on-irish-language-1.4598630

  31. Harry McGibbs says:

    “…Almost inevitably, the policy response to any crisis ends up sowing the seeds for the next one, and that’s certainly the case with Covid; there will, unfortunately, be a mighty price to pay for the monstrous scale of the monetary and fiscal support that the pandemic triggered…

    “Central banks face a brutal choice; let inflation rip or hike interest rates in a manner that provokes fiscal and economic crisis. No prizes for guessing which way they’ll go.”

    https://www.telegraph.co.uk/business/2021/06/19/let-inflation-rip-raise-rates-brutal-choice-facing-central/

    • Harry McGibbs says:

      “Fed must tread carefully in exploring ways to scale down monetary easing.

      “A hike to interest rates and a paring of quantitative easing by the U.S. central bank will have a significant impact on the global economy. The U.S. Federal Reserve must carefully explore the timing of its monetary policy changes while keeping an eye on the overheating of the economy and price trends.”

      https://the-japan-news.com/news/article/0007507980

    • I am not sure it is possible to “win,” regardless of the path chosen. Something will “break.”

  32. Dennis L. says:

    Deferred comment regarding Gail’s observation Tesla may be considering food or some such at its charging stations.

    In the the Midwest US, Kwik Trip already has such a model, they sell gas, food, etc. at one location and by number of outlets are very successful.

    If autos begin a massive change to electric, see Audi below, what happens to these enterprises if the latest and greatest charging stations are not made available? Well, Germany is ahead of the game with green energy, isn’t it?

    https://www.zerohedge.com/markets/audi-will-be-all-electric-2026

    What about paying for things at these stores, Elon does have a history with a small company named PayPal, some understanding of BitCoins and a developing network of satellites for communication.

    This is not a single company with a single product, it keeps on improving and answering questions asked with product development to address those issues. Buy the dips?

    Oil is so yesterday, tomorrow awaits.

    Dennis L.

    • geno mir says:

      You should pay Gail for allowing such blatant propaganda to appear here. I hope at least Tesla pays you good for your half-assed agit prop.

    • Something goes wrong:

      1. Roads can’t be maintained
      2. Not enough electricity for charging
      3. Not enough away-from-home charging stations
      4. Cost of maintaining roads needs to be charged back to the few remaining electric vehicles. This charge becomes exorbitant.
      5. Too many bridges down. Can’t drive very far.
      6. No way of clearing many fallen trees from roads.
      7. Lack of semiconductor chips drastically reduces all vehicle production
      8. Broken supply lines put an end to electric car production

  33. Dennis L. says:

    More Elon,

    Tesla is working on the charging time issue, Tesla has made significant investments in charging stations.

    Listening to this as I type, Tesla is concerned opening up his network might slow down development, they are moving the network forward and adapting what seem to be continuous improvement. Can other manufactures keep up? Comment is made that this is an Apple type model. a German minister wants to ensure the Tesla charging network is available to all.

    Tesla is even considering robotic charging stations, and there are the payment systems (BitCoin?), possibly using his space based communication network. This is basically a Tesla standard, they are ahead, others will be adapting, possibly Tesla does not release the greatest and latest to competitors.

    https://www.youtube.com/watch?v=u627l45CDQ4

    This company does not seem to be driven by the corner suite, some very intelligent people are driving things forward and seem to have a synergy between space and cars and AI, etc. It appears to be considerable integration and embedding of AI and software into real world products.

    We face many challenges, but when eating an elephant one does it a bite a time.

    Dennis L.

    • geno mir says:

      VAG group will crush the one trick pony known as Tesla in a few years. Just watch and be prepared with enough tranquillisers.

  34. adonis says:

    i still believe the elders may have come to the conclusion that massive depopulation may be the only answer to balance out energy per capita with renewables and remaining viable non renewables, this is an excerpt from a conspiracy magazine i was reading in the year 2005. “An American Bilderberger expressed concern over the sky-rocketing price of oil. One oil industry insider at the meeting remarked that growth is not possible without energy and that according to all indicators, world’s energy supply is coming to an end much faster than the world leaders have anticipated. According to sources, Bilderbergers estimate the extractable world’s oil supply to be at a maximum of 35 years under current economic development and population. However, one of the representatives of an oil cartel remarked that we must factor into the equation, both the population explosion and economic growth and demand for oil in China and India. Under the revised conditions, there is apparently only enough oil to last for 20 years. No oil spells the end of the world’s financial system. So much has already been acknowledged by The Wall Street Journal and the Financial Times, two periodicals who are regularly present at the annual Bilderberg conference.

    Conclusion: Expect a severe downturn in the world’s economy over the next two years as Bilderbergers try to safeguard the remaining oil supply by taking money out of people’s hands. In a recession or, at worst, a depression, the population will be forced to dramatically cut down their spending habits, thus ensuring a longer supply of oil to the world’s rich as they try to figure out what to do “

    • According to wikipedia,

      The Bilderberg meeting (also known as the Bilderberg Group) is an annual conference established in 1954 to foster dialogue between Europe and North America. The group’s agenda, originally to prevent another world war, is now defined as bolstering a consensus around free market Western capitalism and its interests around the globe. Participants include political leaders, experts from industry, finance, academia, and the media, numbering between 120 and 150. Attendees are entitled to use information gained at meetings, but not attribute it to a named speaker. This is to encourage candid debate, while maintaining privacy – a provision that has fed conspiracy theories from both left and right.

      The operation of this group is no doubt another contributor to the control that the elite have over the rest of the world.

  35. nikoB says:

    https://www.abc.net.au/news/2021-06-20/coronavirus-vaccinated-indonesia-medical-workers-contract-covid/100223636

    Patients in their 30s presenting at hospital

    At the Hasan Sadikin hospital in the city of Bandung, Indonesia, Lazuardhi Dwipa has noticed a sharp increase in the number of people presenting to the emergency department over the past month.

    “It started from 10 patients per day, slowly increasing to 20, and finally 30,” Dr Dwipa told the ABC.

    As of early this week, more than 160 out of 224 beds at the hospital were filled with COVID-19 patients.

    “Compared to a few months before Eid, the number of patients of all ages has been increasing … not just the elderly,” Dr Dwipa said.

    “We have had cases of young people, in their 30s, who are [fully vaccinated] but still had COVID-19 symptoms and needed to be treated.”

    • I wonder to what extent the use of the Chinese vaccine is the problem with the number of new COVID-19 cases:

      “Indonesia’s vaccination rollout is heavily reliant on the Chinese Sinovac vaccine, which has been shown to have lower efficacy than other vaccines.”

  36. Mike Roberts says:

    My question earlier, Gail, wasn’t rhetorical as I would like to know which insights were worthwhile. I’ve read through it a few times but can’t see much in the way of insight, except maybe the paragraph about British rule in India. Interestingly, the comment is from someone who yearns for human extinction yet denies many of the things that might help bring that about.

    • Fast Eddy says:

      Mike – you wouldn’t know an insight if it knocked you out cold…

      After all of this …. you still think man has walked on the moon hahahahaha

      https://youtu.be/-5xkMNIt-5k

      • Mike Roberts says:

        Just replying here to ask Fast Freddy to withdraw that claim. All I have posted on this matter is a link to a video which purports to refute the claims in the video that Fast Freddy keeps posting. I have offered no opinion on the matter, nor do I intend to as it is completely irrelevant to this blog.

        • Fast Eddy says:

          This is quite possibly the most relevant bit of information that has ever been leaked…

          Why? Because it exposes the biggest lie in the history of civilization.

          And if this is possible then anything is… this should serve to remove the blinkers of DelusiSTANIS… but most are just to dummm to understand the implications of what this represents…

          https://youtu.be/bdQHKf48Mfw

          Withdraw? I can pull the sword out… but that won’t save you…. in fact I’ll do it at a severe angle … so as to inflict more damage 🙂

  37. davidinamonthorayearoradecade says:

    we’ve recently seen OFW graphs that show that the 2011-2014 oil price plateau at roughly $100 would be about $120 adjusted for inflation. But inflation adjustments usually use official inflation rates which are suspect and most likely too low. I think that price plateau is probably more like $140 if adjusted for true inflation. ……………………………………………………………………………………………………………………………………….. oil today at about $70 is a half price sale.

    • Probably so. A price of $140 would not be unreasonable. Depletion has been taking place in the last 10 years as well.

      • Rodster says:

        Gail, check out Chris Martenson’s video on the potential oil shortage.

        https://www.peakprosperity.com/when-this-runs-short-watch-out/

        • davidinamonthorayearoradecade says:

          that’s a good take on the supply side. Investment is way down for many years and that will hinder ramping up supply. BUT, there is an elephant in the room which CM fails to discuss. Inflation is surging, and that could seriously hamper oil demand and even soon like later this year and probably more severe in 2022. It’s a race between falling supply and possibly falling demand, and possibly supply will fall short and prices will spike but it is not certain.

        • Fast Eddy says:

          He starts off badly by suggesting once oil peaks we will produce slightly less.. and get by… he also suggests there is a way to prosper from this …. stopped at the one and a half minute mark

      • Sam says:

        If the price for oil gets to $120 it is game of for the people in the American economy, The average consumer is already stretched right now and you throw that on top not to mention everything else….Thats what happened in 2008 and they blamed it on the housing market…this time they will do the same and try and get people to look the other way….

        • davidinamonthorayearoradecade says:

          $120 will smash demand and prices will plunge like 2008 where $147 quickly became $30. A temporary oil price spike won’t help, but it won’t be the end of bAU for most people, just a nasty speed bump.

          • Sam says:

            I hope you are right….what concerns me is a massive recession and then what is the u.s government going to do? They have already borrowed a lot of money and they will try to do it again. At some point that could make the dollar fall; I believe this in turn would drive up oil in the united states. Not to mention the borrowing from the new stimulus that we will see at the end of the month. Probably another trillion or so…..

            • Don Millman says:

              The Federal Reserve System is betting that increases in inflation will be transitory. I think the Fed is wrong, because there has been a huge increase in the M2 money supply. As Milton Friedman demonstrated, discretionary monetary policy cannot work because of long and unpredictable time lags between changes in the money supply and the impact on real GDP and also on the rate of inflation. Janet Yellen is an excellent economist, and she knows the risks, but she is mostly concerned about the risks of deflationary recession or depression.

            • At Surplus (Tim Morgan’s site) there is currently very good discussion. Don Stewart summarizes latest Orlov’s speculative article that Biden asked for that very summit in order to suspend (or rather attempted pause – slow down) for the petro-dollar demise. As we know Iraq and Libya were gutted to stall development in that direction, it worked as it provided ~two extra decades as they openly debated at that time EUR payments and other different modes of global trading oil, securities etc. Nevertheless even the Gulfies are now not much united front, and obviously there is the big overall China factor with their own ideas about timing for that process.

            • Sam says:

              More countries have been gutted by run away inflation than by deflation….the u.s has basically been in a depression with the government paying everyones bill for the last year and a half. I think Yellen and the ptb are clueless.

      • Minority Of One says:

        Good overview, as far as it goes. Seems like as long as nothing else kicks in, oil prices could increase through summer as holiday travel increases. But the next lockdown could (will?) kick in any time, and prices will fall again, which is why the independent oil majors are sceptical about spending billions on new projects that require oil at $120+/barrel to make a return on investment (not discussed in the video, a shame). Then there are the multiple issues with the global financial system / economy. I cannot see any scenario where oil prices stay high for long. Months yes, years no.

  38. Duncan Idaho says:

    “One of the greatest speedskaters, Igor Zhelezovsky, dies of Covid. Known as “the Bear of Minsk,” Zhelezovsky won for the Soviet Union, the Commonwealth of Independent States and Belarus in the 1980s and ’90s. He became president of the skating union of Belarus. He was 57.”

    • Fast Eddy says:

      What the hell is going on here?

      https://youtu.be/bdQHKf48Mfw?t=1922

    • Rodster says:

      You should have or forgot to mention the healthy 21 yr old Israeli woman who died from heart inflammation from taking the bullsh*t vaccine.

    • TIm Groves says:

      Without knowing more about the chaps personal lifestyle, it would be pointless to speculate whether he died of of with the common cold.

      Facts:

      There is a Stark Gender Gap: The first of the 10 facts about life expectancy in Belarus is that the average life expectancy is 73 years, but there is a significant disparity in life expectancy between males and females. While women in Belarus have an average life expectancy of 79 years, men in the country live until only 67.8 on average. Non-communicable diseases are the leading cause of death in Belarus. While a genetic predisposition is typically the leading risk factor for non-communicable disease, lifestyle choices are commonly to blame in Belarus. The biggest risk factors for both Belarusian men and women are alcohol consumption, tobacco use and a lack of exercise.

      Alcoholism is a Major Problem: Belarus is one of the heaviest alcohol consuming countries in the world. In 2010, Belarusian males consumed an average of almost 29 liters of pure alcohol per capita annually. By 2016, this number was down to 18 liters per capita, which was still triple the global average. Alcohol abuse has concrete consequences for life expectancy in Belarus as alcohol consumption was the cause of over half of liver disease in Belarus in 2016.

      There is a Culture of Male Tobacco Use: Almost half of all adult men in Belarus smoke daily, while less than 10 percent of women do. Despite laws establishing an age minimum of 18 for purchasing tobacco, one in every 20 boys between 10 and 14 years old identified themselves as daily smokers in 2016 alone. That same year, tobacco use related to over a quarter of deaths from non-communicable diseases among males in Belarus.

      Men Often Die Early: Premature death is very common, particularly among males, skewing data for the average life expectancy for men in Belarus. In contemporary Belarus, an average of close to 40 percent of men dies prematurely between the ages of 30 and 70. Non-communicable diseases are the leading cause of death in Belarus, accounting for almost 90 percent of all mortalities and the vast majority of premature deaths.

      • Rodster says:

        There’s a 99.5% chance you and I and everyone else will die from something other than Covid 19 and that’s backed by the numbers from the WHO and the CDC.

        • Duncan Idaho says:

          Yep, almost 60% of the US population is already vaccinated.
          India? Brazil?
          Poor people, with ignorant rulers.

          • Rodster says:

            There’s a reason Fast Eddy refers to you as Dunce.

            • Fast Eddy says:

              I would prefer to use DunceNORM or NormDUNCE… but I fear the censors will chew my arm off….

              Let’s just assume the e… we can even make it silent 🙂

              BTW – in Russia back in the day … protesters held up blank sheets of paper … as a form of protest (because slogans were banned) – they were arrested anyway….

              The HK protesters tried similar recently … with the same result.

              I wonder how the assumed ‘e’ will be treated by the censor board of OFW…. tee hee….

              Fortunately it is not possible to censor thoughts…. and every time DuncNORM posts something… we all know what people are thinking…

              Starts with D _ _ _ _Y

            • let’s see now.

              OFW attracts about 3000 responses per 20 day session, give or take

              1000 (give or take) of those responses emanate from a single source

              Which should make us all wary of that source

              A source with no other outlet tends to build up an enormous pressure behind it, filters tend to break down, allowing every kind of detritus to flow downstream and pollute everywhere it floods into

            • Fast Eddy says:

              Come on Norm… admit it… when you wake up and find 100 FE comments… your day is made.

            • well that’s true

              good to know that stupid is to be found in concentrated form

              as it says on the label—dilute to taste

              which I do

            • Fast Eddy says:

              Or we could just play fill in the blanks…

              R ________
              M ________
              J ____ A _____
              IM______
              F _____
              I _____

          • Tim Groves says:

            There’s a massively greater chance that Duncan will die from the side effects of the kill shots than that he will die from the 2019 cold. Lordy!—the cognitive impairment is obvious, even from this distance.

            • Duncan is not a young person. I don’t remember exactly what he has said about his age. But as a person gets older, the chance of dying of COVID-19 becomes higher than the chance of dying (or being seriously injured) by the shots. For the oldest groups, and the people with the most co-morbidities, the vaccines may come out ahead.

  39. Yoshua says:

    WTI weekly chart almost touched resistance at 75. And from here down we go?

    https://pbs.twimg.com/media/E388IoEWYAQ8fyq?format=jpg&name=large

    Maybe if one has the right charts, then one can follow their manipulation of the markets?

    • davidinamonthorayearoradecade says:

      things change. China is backing off wind and solar subsidies. REPO and reverse REPO have gone crazzzy. Perhaps most prominent, consumer price inflation has arrived big time. March-April-May was 8% annualized in the US, which is probably about half the true number. Perhaps it’s not just manipulation?

      • Sam says:

        It is all manipulation! The fed is trying to create artificial growth and it is unrealistic. Remember the people working at the fed are graduates of ivy league schools and don’t understand how the real world works because their families have never worked. I married someone like that and it was so difficult because she had no idea of Money and how it worked. For her the concept was like a well and when you used it up you waited for the well to fill back up! Me I come from working class background with a master degree in business, Journeyman electrician, journeyman carpenter….Log home builder etc…I make sure I am employable….I want to be able to ride the last wave.

        When we have these massive swings it sets up a crash—-for example if you just bought your starter house for 6hundred K which is unstable for most people but the FED wants to balance that out then houses crash in value then someone lost 2 hundred K in their house extrapolate that out and you have trillions up in smoke! The same is true of Stocks they are trade much higher than future earnings and if they crash which they should then bam! The FED did too much interference….now the have to play it cool when they have no idea what they have done…

        I guess what I am saying is that we give those in power too much credit for knowing what is going on and most of those positions are not earned they are given. Most people on here would not ever get those jobs because we would be freaking out right now…..the upper echelon people don’t get scared because they think they are untouchable….they can just get on a jet plane and fly away!

        • When I visited with a group of US federal government staffers related to the Savings and Loan crisis years ago (probably in the late 1980s), I was surprised to discover that these folks were young people, hardly out of school (likely fancy ivy league schools), trying to figure out how to save the banks. They wanted actuaries to help them.

          • It could had been the case of placebo make believe gov committee though as the issue was in fact decided in some way higher up closed circles..

            That’s more less a standard procedure inside large bureaucracies, let them research possible loose ends, then put the matter higher up with lawyers and real stakeholders for the real decision, deflect blame and responsibility back down the chain of command.. case closed..

      • Reverse repo amounts are truly through the roof. There is not enough liquidity in the market.

        https://ourfiniteworld.com/wp-content/uploads/2021/06/Reverse-Repo-Amounts-June-18-2021-1024×395.png

        • Christopher says:

          “There is not enough liquidity in the market.”

          Isn’t liquidity spent to get securites in the reverse repo agreement, rather a shortage of securities than liquidity? Of course these securities could be regarded as lower tier liquidity compared to the money you buy them with. In that case, since sept 2019 different liquidity classes are really out of balance. I still haven’t seen any explanation for the trigger of the sept 2019 repo rate explosion.

    • Lumber, copper, steel and other commodities seem to be topping out. Why not oil?

      • Sam says:

        The money has to chase something and they have already made the stops at the other places….the FED has always wanted to make housing affordable for the average person and now that is out of reach; they are signaling that they might take action to correct that…

        Also look at the news stories out there in the mainstream and zero hedge…they are about supply shortages…investors are running from one end to the other!

  40. Yoshua says:

    NYSE

    https://pbs.twimg.com/media/E4QGdTPWQAwJ-26?format=jpg&name=large

    And Summer Solstice is next week. Don’t know how they always manage do it. Maybe it just works as a signal. We will do what ever it takes until the Summer Solstice…and then we’ll let go.

  41. Yoshua says:

    So it begins?

    A lot of charts are breaking down right now. Copper. Lumber. Bitcoin. NYSE. CAD/USD….

    Dow Jones

    https://pbs.twimg.com/media/E4KkTuTXIAUg-Ww?format=jpg&name=large

    • Things are scary. Of course, I am not trying to make money by timing market changes.

      My husband and I are planning on going on a little sight-seeing trip to Eastern Tennessee (American Museum of Science and Energy in Oak Ridge, Tennessee, for example) in the second half of next week. I plan to be online at least some of the time. Sooner, rather than later, seemed like a good idea for the timing of the trip.

      • Sam says:

        I’m going to a battle reenactment of the battle of Little Big Horn followed by a Indian rodeo 😁 in Hardin MT and I’m going to take my gas guzzler f-150 instead of Prius!

  42. Herbie Ficklestein says:

    Explains why the recent chemical plant fire in Illinois has destroyed the supply chain for Industrial Grease…..and stick removed….

    https://m.youtube.com/watch?v=XOrxANn92P0

    Scary…..we are living on a tightrope…and it is being swayed by the wind…hold on…. Sloppy

    • Very good 6 minute video on a chemical plant fire destroying the largest grease plant in America. There was already a shortage of grease (for trucks, conveyor belts, everything you can think of). The smaller plants can ramp up a whole lot, and can’t ramp up immediately.

      This reminds me of a Wall Street Journal article I saw today:

      The World Relies on One Chip Maker in Taiwan, Leaving Everyone Vulnerable
      Taiwan Semiconductor Manufacturing Co.’s dominance poses risks to the global economy, amid geopolitical tensions and a major chip shortage

      Semiconductors have become so complex and capital-intensive that once a producer falls behind, it’s hard to catch up. Companies can spend billions of dollars and years trying, only to see the technological horizon recede further.

      A single semiconductor factory can cost as much as $20 billion. One key manufacturing tool for advanced chip-making that imprints intricate circuit patterns on silicon costs upward of $100 million, requiring multiple planes to deliver.

      TSMC’s own expansion plans call for spending $100 billion over the next three years. That’s nearly a quarter of the entire industry’s capital spending, according to semiconductor research firm VLSI Research.

      If anything goes wrong at TSMC, we are really in trouble. We are already in trouble, because the industry cannot produce enough of the right kinds of chips.

      • Xabier says:

        It might be perverse, but I am in a way delighted by these failures of key nodes.

        It means that the perpetual soulless night of the Great Re-set cannot succeed, as its foundations are simply too fragile after decades of industrial hollowing-out, out-sourcing and consolidation

        We will go down: but THEY will go down with us, even though they are in a triumphant mood at the moment, after more than a year of the successful Pandemic fraud and stripping away of our rights.

        It’s like Hitler’s victory tour of Paris: his elation had no substance and it was really the beginning of the end for him.

        • Fast Eddy says:

          yes the silver lining is that the wankers with kids in the 50k per year primary school… (for the connections.. of course).. burn along with the rest of us…. as does Kim Paris and everyone other vapid skank that infects the earth… then there’s Bezos… and the WeWank jerk off.. and all those others who own billion dollar companies that lose billions of dollars year after year… there’s the crypto cultists… did I leave anyone out?

          Burn Burn Burn… I’m lov’in it

          • Xabier says:

            With you completely, FE.

            Maybe something nicer, more intelligent than mankind, like Kingdom of the Cockroaches, will come after us.

            Hitler did his famous jig of victory in 1940: by 1945 he was slumped on a sofa with a bullet in his foul brain.

            They cannot win.

            • Fast Eddy says:

              M Fast understands what is Going Down…. but she does not much discuss it (except when I comment about a credit card statement … then she says ‘well it’s the end of the world soon so…’)

              Her take is that ‘well — if everyone else goes down with the ship then it’s not so distressing’

            • no need to worry until the good lady mentions taking violin lessons

        • Mrs S says:

          That’s my perspective too, Xavier.

          I would much prefer a collapse than the Davos crowd’s obscene technocratic fantasy.

    • davidinamonthorayearoradecade says:

  43. Van Kent says:

    In a time of false news and wild conspiracy theories. What then is reality?

    When a reality check is required. What are you supposed to check for? In a time of lies, corruption and smokes and mirrors CB money printing illusions, how, where, and by what means, will you discern reality?

    Our reality:
    7,9 billion people (and growing)
    Wild animals terrestrial vertebrate biomass left = 4,2% (all other terrestrial vertebrate biomass are humans and their cattle = 95,8%)
    World deforestation = 4 billion hectares left, 50% gone
    CO2 = 412 ppm
    World energy output by fossil fuels = 84%
    World public debt = 72,7 trillion USD
    FED balance sheet = 8 trillion USD
    World fisheries fully exploited or depleted = 90%
    World fisheries collapsed, or at <10% of historical max. = 60%
    World cereal output = 2821 million tons (grown with fossil fuels, there are 10 calories of fossil fuels in one cereal calorie consumed)
    World cereal utilization = 2826 million tons (world population growing..)
    World cereal stocks = 811 million tonnes
    Topsoil lost annually = 75 billion tons of topsoil
    Degraded or seriously degraded soil = 40%
    People without basic clean fresh water access = 784 million
    People experiencing water scarcity = 2.7 billion
    Tons of resources mined = 61.1 billion tons
    Synthetic chemical business worldwide = 7,8 trillion USD
    Energy use in mining = 4-7% of global energy output
    Time left untill major oil shortages = less than 12 months
    Number of planets needed for current consumption level = 1.79

    What then does all of this entail?

    Well.. the carrying capacity of the planet is in exponential decay.
    On the other side of the eqution we have exponential growth. And on the other side of the equation we have exponential death and decay.
    When all is said and done, there will be no hunting, no fishing, no farming and there will be very little gardening.

    Doesn't technology and human inventions solve all of this? Nope. As the carrying capacity of the planet is in exponential decay, and everything runs on fossil fuels, which are scarce, actually nothing can solve this predicament. The only outcome is to have population levels collapse within the true carrying capacity of the planet.

    WWII managed to kill off.. 3,2% of world population..

    What we will be facing.. shortly.. will be 10x as bad as WWII. But it wont stop for centuries to come.

    What is our reality then? Our reality for us today, is that we have yet a few short moments before the plunge. And the amount of human suffering and pain to come in the decades following.. are astronomical. When we lament that nobody wants to know the truth.. well.. maybe ignorance is bliss? There are no solutions to this predicament. And the horrors to come are too much for humans to bear. Maybe then.. a sense of reality today is truly overrated?

    • Ed says:

      Many here know this.

      We can choose a slow kill or a fast kill. I vote for a fast kill.

    • infoshark says:

      Every resource shortage is equally a longage of people. There is only one clear and necessary step forward: Depopulation. It will be realized voluntarily by the hand of man or involuntarily by Nature. With the former civilization may yet be possible. With the latter civilization is almost certainly lost.
      To go from 8 billion in 2020 to 2 billion by 2100 would by a quick off the cuff calculation require 80 consecutive years of 75 million net deaths per year. To bring the human population to 2 billion by the end of the century it would require that the mortality of the entire WWII (approximately 75 million) be compressed into a single yearly event, and this event be repeated for 80 years. This is a very crude calculation but does a good job of showing the scale of the population problem.

      It should also be noted that WWII mortality was “netted out” globally by population growth for its duration, thus it is a radically conservative comparative measure of the true qualitative impact of population decline of this magnitude at a global scale

      • If you brake down the ~regional WWII death spike statistics it will be probably slightly different for the global collapse phase, most notably expecting higher child and elderly mortality vs. ~young age/conscript losses.. etc.

        Also from some point on the drivers per given region could be different. For example first world city / suburbia dweller is likely to become more adversely affected by suddenly worsened drinking water and over-all hygienic / medical conditions as well as temp / humidity exposure.. vs. “3rd world rough-tough necks”

        Most likely large movement of peoplez will further complicate the picture, e.g. as of now ClubMed countries show very little of self preservation attitudes towards incoming early waves migration so far.

        • Sheila chambers says:

          Well they had better face reality & stop those hordes of migrants invading their countries, they cannot feed all of them & they will keep coming until Europe looks like Haiti or Yemen.

          I would suggest they get their military war ships out into the med, intercept those boats full of migrants & offer them two choices, either you turn back or we will blow you out of the water, you will not be rescued & taken to Europe.

          Simular activity will be needed at the US border, it’s airports & ports. Any illegal found will be deported or if forcing the border on land, shot.
          Piles of dead bodies should be a powerful deturent.

          There is simply no way we can support so many when those already here are suffering.
          I can already hear the bellows of those right to migrate folks, let’s see them take care of endless lines of desperate poor people.

          Want to let in more migrants? then YOU will have to feed, house, clothe, doctor & find employment for them. That should shut up those right to migrate folks.

          Nature doesn’t care what we believe, reality RULES.

          • Fast Eddy says:

            Elon Musk should launch a Tesla speed boat… load people in and give them his flame throwers… and have them terrorize those people so they get the message….

          • Mike Roberts says:

            Migrants are people. Many of them suffering so much that their only option is to try to leave. Having the navy blow them out of the water is way out of proportion to their actions, which are certainly not even criminal, never mind an act of war. Thankfully, your advice is highly unlikely to be acted upon.

            • Fast Eddy says:

              I think the flame thrower idea if more humane… defining humane as an act that is in keeping with what humans do….

              And humans are extremely violent predators who have a penchant for torture, murder, bullying and all out war.

              Keep in mind the migrants are humans so would exact in the exact same way if the tables were turned

              Everyone just wants MOAR….

            • Wolfbay says:

              People will migrate until all areas of the world are equally “third world”.

      • infoshark says:

        Despite the above, a protracted slow kill scenario will almost certainly cause irreversible global ecological destruction relative to human time horizons. Thus the necessity of a fast kill, and sooner rather than later.

        Given humanity is both an end unto itself and the means of its own end, normative ethics of what ought to be can only be what is possible. Possibility in turn is subsumed by necessity.

        Despite the prima facia immorality and evil of fast-kill depopulation from a self interested, myopic space-time perspective, since it is necessary it is normative.

        However, by virtue of the system reflexivity if a fast kill depopulation is too fast it may reflexively cause global civilization to collapse anyways.

      • infoshark says:

        Despite the above, a protracted slow kill scenario will almost certainly cause irreversible global ecological destruction relative to human time horizons. Thus the necessity of a fast kill, and sooner rather than later.

        Given humanity is both an end unto itself and the means of its own end, Thus normative ethics of what ought to be can only be what is possible. Possibility in turn is subsumed by necessity.

        Despite the prima facia immorality and evil of fast-kill depopulation from a self interested, myopic space-time perspective, since it is necessary it is normative.

        However, by virtue of the system reflexivity if a fast kill depopulation is too fast it may reflexively cause global civilization to collapse anyways.

        • infoshark says:

          I assumed the Soviet Union “miscounted” their losses by several tens of millions. However,using the info you provided, then the above is radically conservative and we are looking at a WWII mortality event every 4 months for 80 consecutive years to reach 2 billion by 2100.

          • Eh? You assumed it was won in Normandy by the US?

            • Xabier says:

              My impression is that the Allied armies in Normandy only survived due to the immense quantity of war materiel they had, and the 2nd- rate German troops they initially faced.

              A friend of the family was in Normandy, and I recall the expression on his face when it was mentioned: disgust and horror. Before that he’d been in the desert, which wasn’t half so terrible.

              That told a boy just what war is really like……

    • It is certainly a worrying situation. I can understand why quite a few people want to stay far away from these issues.

    • Mike Roberts says:

      Whilst you succinctly show the predicament we’re in, no one knows exactly how it will play out. Obviously, human extinction doesn’t really help humans but it seems that most of us (globally) don’t really consider that a possibility. Although stupid, humans are quite resourceful (after all, they are found in almost all climates and in almost all locations) so it’s possible that humans may be the last complex life form to go. But this is all speculation.

      Predicaments have no solutions but they will play out in some way. Sadly, I doubt whether anyone alive today will find out how this ends but many of us will see pointers in how it’s heading.

      I must point out, though, that several commenters here (not me) would take issue with some items on your list (either as facts or that they are of concern), so may not see that the situation is too bad.

      • Fast Eddy says:

        Astronauts ‘REFUSE to confirm Moon landing was real in shocking footage’

        A HOST of astronauts refused to confirm they walked on the Moon when approached by a conspiracy theorist in bizarre footage.

        https://www.dailystar.co.uk/news/weird-news/moon-landing-faked-claim-astronauts-18677434

        hahahahahahaha… that’s pricelss – f789 neil armstrong the lying pc of s it.

        • still playing out the same old youtube of a person obviously mentally disturbed, who insists on disturbing other people. ??

          You see it in city centres everywhere. There’s always one. Especially as they are not kept locked up any more. Most people smile indulgently and take evasive action when they see him coming.
          Around here we used to have a guy who wore a cowboy hat and shot everybody with a toy gun.
          Nowadays that would mean an armed response team, back then, everybody just laughed. He was a harmless local character.

          Come to think of it, that guy would now be on social media causing mayhem with lots of people who would tell him he was sane.

          Now we give silent thanks when the loony latches onto somebody else.

          When the loony gets punched—well that just confirms he was right doesn’t it.?

          Do you seriously expect an astronaut to engage with someone clearly off his trolley and confirm that he walked on the moon? You reveal much about yourself there, and lack of awareness of human nature. People walk away from lunatics, unless they are paid to do otherwise.

          The obsessive moon thing just goes on and on. Endless mindless repetition, to the only audience you have. No one in actual physical proximity would stand around and listen to it for one minute. ( am I right?)

          have you ever seen the movie: The Entertainer.?

          Endless repetition of tired non humour to his only (equally tired) audience, which constantly decreases. The empty theatre echoing with nothingness.

          • Don Millman says:

            i agree.

            • davidinamonthorayearoradecade says:

              I also agree.

            • thanks guys

              it was starting to get a bit lonesome on this island of reality—especially with rising seas of idiocy all around

            • Fast Eddy says:

              ‘I agree’ = I am also a MOReON.

              Given the woke culture… one should be proud to be a MOReON… so good for you guys….

              Just as a 300lb pig woman should feel sexy!!! As long as she puts on her lipstick she IS sexy.

              It’s all about how you feel about yourself. For some being a MOReON feels like genius

            • you repeated MoreOn 3 times

              Do you have a defective vocabulary

              or do you enjoy using that word?

              maybe you should have resisted buying that second hand bar stool from Onassis’ yacht

            • Fast Eddy says:

              Notice my use of derivatives… MOREON MOREon MORE-ON MoreON MoreoN….

            • Mike Roberts says:

              Yes. Though I now largely ignore FE and his continuing jibes and repetitions, it’s nice when someone else shows that they aren’t taken in by his (or her) fantasies.

            • Fast Eddy says:

              Why don’t you two breed each other and see what comes out the back end?

          • Duncan Idaho says:

            Delusion is sometimes entertaining.
            But the question remains:
            “Is this a con, or is he really that stupid?”

          • Fast Eddy says:

            Norm … I’ve got a different clip for you … it’s the leaked raw NASA footage that proves they faked the moon landing…

            Indulge me Norm.. no punch ups here… no bibles.. just raw footage….

            This was leaked in 2004… and I am just learning about it now… there are those who say how can you keep a secret? I would say … even if you try to expose a secret … most people will refuse to listen … or reject the secret as a lie… or not be made aware of the exposure…

            This is PROOF:

            https://youtu.be/bdQHKf48Mfw

            • Tim Groves says:

              It’s nice to see the conformists squirm as they find themselves totally unable to refute the evidence you’ve been presenting, so they react like the online equivalents of buzz Aldrin by making personal attacks on your reputation, character and sanity.

              Rejoice! You only take this level of flak when you’re over the target.

              How does that Gandhi quote go? First they ignore you, then they laugh at you, then they attack you, then they all die of complications from the vaccines, then you dance on their graves!

            • Fast Eddy says:

              I likes my chances if NormDunc ambush me — they can even have Buzz on their side… 3 old goats… see how they run …

            • Mike Roberts says:

              Tim Groves wrote,

              so they react like the online equivalents of buzz Aldrin by making personal attacks on your reputation, character and sanity

              Well, perhaps you ought to take a look at FE’s posts. Personally, I haven’t make any such attacks. It really isn’t worth engaging with someone who primarily uses the tactics that you seem to abhor.

            • Fast Eddy says:

              DelusiSTANIS are like lab rats… only dummer…. so it’s ok to abuse them.

            • The reality of today is that even if you get death bed confessions of the participants or something as powerful it doesn’t matter much.
              Back then it was a powerful chip in the cold war and globalization, which brought lotsa fruits home for decades.. in other words it churned, it worked, it served its function plenty enough already, case closed..

              And If we get some sort of quasi BAU extension ~2025-35 the new Moon/Mars landings via Elonistas and or China-Russia would just plaster over “these early beginnings” as with new reality layer.. so what.. it was just “honest motivational error” would counter argue many..

              It’s similar how all historical (religious) affairs were transformed again, and again, and again.. throughout future times and their particularly shaped narratives-dogmas of the day.

              FE, don’t be mad at people, it’s futile, as they are somewhat pleased to be always bamboozled and subjugated, that’s integral part of our existence. Some could argue the intensive form of civilization mal-adaption (mutation) made it worse in recent few thousand yrs vs the so-called primitive “unspoiled” human tribes, but that’s also debatable..

            • I could ‘fake’ something trivial, if I wanted to.

              but if I wanted to fake something complicated, it would require more and more people the more complicated it became

              that’s where eddyfakes fall down—just too many people have to be involved for the ‘secret’ to hold together.

              Check any one of the eddyfakes, doesn’t matter which. They all require the collision of hundreds or even thousands of people not break ranks and tell all.

              I don’t mean just the odd one—I mean all or most. All the scene painters from the moon studios, all the demolition experts from the WTC. All the people who doctored Gates’s vaccines

              There would be a wave of ‘me too’s’

              There isn’t.

              **********

              I’m amazed that Eddy hasn’t cottoned onto the fact that Kennedy promised in 1960 we would go to the moon, then in 1963 he got shot.
              The link is obvious.
              Oswald was lined up to be a fake astronaut, but failed to reach double figures in his IQ test.
              Naturally he blamed Kennedy for setting the bar too high. So shot him.
              They knew he would blab everything if he came to trial, so he got bumped off as well.

              Had Kennedy lived, he would have known it was all a fake, and sold the story to the Washington Post, (or something).

              Prove me wrong?

            • Sorry

              Once I get caught opening a loonytoon clickbait youtube, there’s no second chance.

              Especially with proof in caps

    • Sergey says:

      You look at total population as a whole, but we can look at exact countries. There are two China + India = 2.8 bil. Enormous out population.

      As recently as 31 May, 2021, China’s government has relaxed restrictions even more allowing women up to three children.

      Davos forum, is there any problem, no? That’s there the focus should lay.

    • Tim Groves says:

      Good post, Van Kent. A lot of us know this or intuit it, but few people want to know.

      Some data:

      There are several ways we can answer the question of how much life is on Earth. We could, for example, count the number of species, population sizes or the number of individual organisms. But these metrics can make it difficult to compare between taxa: small organisms may have a large population but still account for a very small percentage of Earth’s organic matter.

      For a meaningful comparison, Bar-On et al. (2018) quantified life using the metric of biomass. Biomass is measured here in tonnes of carbon as it is a key building-block of life.

      In the graphic below I summarize the distribution of global biomass by taxonomic kingdom (on the left), with a magnified snapshot of the animal kingdom (on the right).

      What are the stand-out points?

      plants – mainly trees – dominate life on Earth: they account for more than 82% of biomass;
      surprisingly in second place is the life we cannot see: tiny bacteria sum up to 13%;
      whilst our perceptions are often focused on the animal kingdom, it accounts for only 0.4%;
      humans account for just 0.01% of biomass, so we’d need about 70 trillion of us to match Earth’s collective biomass.

      Humans comprise a very small share of life on Earth — 0.01% of the total, and 2.5% of animal biomass

      But we are also responsible for the animals we raise. Humans alone may seem insignificant, but our hunger for raising livestock means we have played a major role in shifting the balance of animal life: livestock account for 4% of animal biomass.

      Livestock accounts for more biomass than all humans on earth; more than 50% greater than humans.

      And livestock accounts for much more than all wildlife: Wild mammals and birds collectively account for only 0.38% — livestock therefore outweighs wild mammals and birds by a factor of ten.

      https://ourworldindata.org/life-on-earth

      • Minority Of One says:

        Bacteria – saw an interesting TED talk on YT a couple of weeks ago that stated 90% of the cells in our bodies are bacteria. It’s all their fault.

    • Minority Of One says:

      “And the amount of human suffering and pain to come in the decades following.. are astronomical”

      “Decades” – that is a bit optimistic.

    • Polemos says:

      Thank you. Refreshing information. Can you direct us to your sources?

  44. Ed says:

    There are post collapse alternatives

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

    yes the wooden smart phone

    • Xabier says:

      Bjorn’s wooden ‘smart phone’ is amusing: made with an axe and saw, his photo pasted on and ‘Bjorn can do what he likes’ written underneath as his ‘passport’.

      He fully understands the new slavery system being implemented by these devices. I like the melancholy Norwegian.

      The G7 ‘leaders’ and their retinues did as they liked in Cornwall, while masked servants attended them.

      I wish they had taken the masks off and poured the drinks over their heads in protest, it was an ideal opportunity. But the Cornish are poor and must take what work they can get…..

      • Student says:

        Thank you Xabier, it is a fantastic piece of humor with some great truth behind it. A little smile is also necessary. Have a nice evening.

  45. Artleads says:

    Although the following applies to new energy, it also applies well to new buildings.

    Should be inexpensive to produce
    Should work with the current portfolio of existing devices
    Should be available in the quantities required, in the timeframe needed
    Should not pollute the environment, either when created or at the end of their lifetimes
    Should not add CO2 to the atmosphere
    Should not distort ecosystems
    Should be easily stored, or should be easily ramped up and down to precisely match energy timing needs
    Cannot overuse fresh water or scarce minerals
    Cannot require a new infrastructure of its own, unless the huge cost in terms of delayed timing and greater materials use is considered.

    • Perhaps people can live in caves, or make simple dwellings out of plants that grow in the area.

      • Fast Eddy says:

        Somehow I don’t think the doomie preppers would be ok with the cave man lifestyle…

        The thing is…

        If one discounted the spent fuel ponds … and wanted to live… one would learn to be a hunter gatherer… but of course the doomie preppers are unwilling to go there

  46. The latest laughter-fest in uk. Gb News

    it carries all the conspiratorial hallmarks of certain factions of OFW:

    https://www.irishtimes.com/culture/gb-news-week-1-it-takes-until-tuesday-to-go-full-wingnut-1.4596133

    To take one quote:

    It doesn’t take long for Wootton to go full wingnut. On Tuesday he highlights a baseless conspiracy theory about how lockdowns might ultimately be a government plot to curb carbon emissions. Does he have facts to back this up? No. But he’s the type of journalist who doesn’t need facts

    Hilarious—just to hear it being said elsewhere.

    if you’re in UK watch it for as long as you can stand it.

    You’ll find it on the TV lists between Al Jazeera and Babestation

    • No, it is not a government plot to curb carbon emissions. It is a conspiracy theory to hide the lack of fossil fuels to power our vehicles and operate our factories. If almost everyone is at home, energy use is less.

      The story about carbon emissions is simply a less scary version of the running out of oil (or fossil fuels) story.

      • Did you mean ‘conspiracy theory’, or full on ‘conspiracy’?
        ***********

        Like all species, our existence is predicated on the consumption, or to be absolutely specific, the conversion, of one energy form into another. We can’t do that ‘from home’. (i.e. sitting around getting paid for doing nothing—the ultimate UBI).
        If we try to, our entire civilised existence, in the sense that we know it, must collapse and dissipate into nothing.(which it may well