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:
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 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.
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 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.
Hahahaha https://interactives.stuff.co.nz/2021/the-whole-truth-covid-19-vaccine/#/1201683944/declining-the-vaccine-is-far-riskier-than-having-it
Remember all those people marching opposing the Iraq War?
These folks will get the same result
https://lockdownsceptics.org/2021/06/26/tens-of-thousands-march-for-freedom-in-london/
Snowflakes seem to think Power is moved by marches and slogans — and posting angrily on web sites 🙂
They apparently forget that historically… change involved… being imprisoned, tortured and murdered….
The Elders are laughing at these clowns.
+++++
Hahahaha…. the ‘intelligentsia’ of OG feels the wrath of The Almighty One.
https://off-guardian.org/2021/06/27/watch-take-a-break/#comment-389815
I am not sure if Sophie is an administrator of the site… but she has felt the lash… as we can see – logic has its limits for Sophie and many others … who refuse to debate … but then Fast Eddy is basically telling them their children are vile destroyers… as are they….
Sophie – Admin1
Reply to Fast Eddy
if you really believe this your only defensible moral position is to kill yourself. If you don’t do that, but continue taking up space and consuming resources while rambling on endlessly about how everyone else should die – you’re just an empty poseur and a bit of a joke.
Fast Eddy
Reply to Sophie – Admin1
How would killing myself make any significant impact when nearly 8B people (like your good self) would continue to:
Eat food that has been industrially farmed with animals kept in conditions far worse than a super max prison?
But more stuff (that you really do not need) with many actually going into major debt to buy said stuff.
Continuing to toss epic amounts of plastic into the ‘recycle’ bin that ends up in the ocean.
Prance about in your vehicles burning oil or if you have an EV, burning coal.
Continuing to be complicit in wars to rob weaker countries of their resources so that you can see 2. 3.4. above
Continue to breed like out of control rabbits (have a look at Albert Bartlett’s thoughts on this https://en.wikipedia.org/wiki/Albert_Allen_Bartlett#Views_on_population_growth he has some excellent videos on YT)
Continuing to pave over the planet and cause thousands of species to go extinct
I actually have not qualms with what YOU are doing to the planet. There is no alternative. We crossed the Rubicon when we started to destroy the soil using the Haber Bosch Process.
Now 99% of all arable land is ruined and will support nothing with chemical fertilizer.
Of course there are also 4000 spent fuel ponds that require industrial civilization to remain cool (computers etc…)
So there is no ‘returning to Walden’ — or hunter gathering.
We are doomed no matter what we do. So it does NOT matter what you think or what you want. You are a dead person walking.
The beginning of the end effectively kicked off in 2019 when shale peaked… the writing was on the wall.
Our century+ rampage was coming to an end.
Our minders (the owners of the Fed and their minions) have fortunately decided that we will go out with a whimper – not a bang.
A whimper being these Injections that WILL exterminate us. That is a certainty.
The bang option was they do nothing – we continue the rampage – civilization collapses — and we descend into epic murder, rape, starvation, disease… culminating in 4000 spent fuel ponds finishing the survivors off.
You can bleat on about how evil the Injections are but nothing will change. In case you have not noticed, EVERY leader on the planet is on board. The entire MSM is on board. Every military is on board.
Because the rampage was ending – and they are doing the right thing. Killing 8B people.
Feel free to use your final months marching around the block shouting ‘freedom from tyranny’ or whatever it is you holler.
You are being put down. And that is a good thing.
Think on the bright side… Greta should be happy — this is the only way to truly go green — 8B pushing up daisies …. a fabulous epitaph no?
Hahaha… feel free to continue to deny the truth and attack the messenger.
Meanwhile… people are car pooling to bring their children for the Injection.
They are willingly being put down. And humans think they are smarter than a dog hahahahaha….
But what’s most striking is that new discoveries aren’t even close to keeping pace with the loss of conventional resources. According to Rystad, the current resource replacement ratio for conventional resources is only 16 percent. In other words, only one barrel out of every six consumed is being replaced with new resources.
https://oilprice.com/Energy/Energy-General/The-Biggest-Oil-Gas-Discoveries-Of-2019.html
But there is a lot of heavy oil that could be extracted if prices were a whole lot higher. There is also a fair amount of oil from shale that could be extracted, if prices were a whole lot higher. Our problem is that we cannot get the prices high enough to make the extraction truly worthwhile.
Fast Eddy,
Sophie is actually following a very long and upstanding philosophical tradition.
In the antiquity, plenty of philosophers (members of upper class) proved that slaves have no souls.
During the genocides of the American natives, many European writers said the same things (“reds have no souls”) because of the stoic way the American Indians endured tortures. The same writers were praising the christian saints for their courage when tortured (they had God given souls).
Even today, the tradition continues. JM Greer, which I consider one of the best contemporary philosopher (I know that’s not saying much), was suggesting to treat materialists (which deny souls exists) like machines. He never came out to say that is okay to “dismantle” them, but he didn’t have to.
My guess is Sophie is educated at Oxbridge and she knows her philosophy.
Personal attacks are ok if you are a good guy, you should know that.
Just look at the ramping personal attacks against you on this site.
As someone that disagrees with you, I have to say you are having an impact. I think in the back of the mind of a lot of vaccinated, a little Fast Eddy homunculus keep whispering: “you are a sheep…”
Keep up the good work!
Fast Eddy will eat Sophie (and her ‘liberal’ Oxford education?) for breakfast…. then he’ll bend her in the barn for a bit of this and that…. (which she’d no doubt enjoy)
And Sophie will join NormDunc in DelusiSTAN… and everyone lives happily ever after…
Fast Eddy. Does Not. Lose.
The thing is … how can one lose… when the opponent refuses to dispute the logic? Then there is that 1000 horse power IQ waiting… to … pounce. But then Sophie knows that…
There is no logic there, just opinion.
When one cannot recognize logic to begin with… it’s difficult to get beyond that point.
Notice how not a single person disputes a single assertion that I make on those comments.
They are at least smart enough to know that Fast Eddy will gut them if they try.
Nothing I have posted can be disputed. Nothing.
Humans need to GO. The sooner… the better
The first comment was:
Which pretty much ties with what I wrote. It’s hard to dispute that humans have done more to damage the environment than any other species but many (perhaps all) species do that to some degree; humans have temporarily gotten around the limitations imposed by climax ecosystems (which themselves are temporary). One has to assume that life on this planet is necessary, whatever the species mix, plus many other assumptions, too numerous to get into, to argue that getting rid of humans is a necessity. I think the people who downvoted you understand that.
One of the odd approaches you use is to claim certain things are helping achieve your dream, for example vaccine, and yet try to convince people against them, for example, not to be vaccinated. One would expect you to welcome the vaccines if they would end up being more deadly than the virus. Perhaps you really think that the virus is much worse than you claim to believe.
first mistake—trying to make sense of Eddy’s ranting and self opinionated barstooling.
When you get on a rollercoaster, (if you enjoy that sort of thing), you don’t look for sense or reason, because there isn’t any.
Or if you have nothing better to do, you might just stand and watch, (me for example) wondering why anyone would be crazy enough to humour the operator by getting on the thing in the first place
Hey Norm… can you tell us again about how cheap oil and resources are so important … we never tire of that one
See “Man, Energy, Society” by Earl Cook. I used this most excellent book in the Environmental Economics class that I taught back in the seventies and eighties.
Don … thanks for the recommendation however… I shy away from anything involving the words ‘renewable’ and ‘energy’
I’m more of a King Coal and Petrol fan…. if only they’d make Ohai coal in convenient 5kg plastic sacks… I could just shove one of those through the maw 4 or 5 times per day.
The use of energy is examined considering technical, social, economic, and political factors. From a geographical viewpoint, the history of energy consumption is reviewed, current energy problems are delineated, and possible solutions to the energy dilemma are discussed.
The following chapters are included: Energy, Environment, and Evolution; Man and Other Engines; Renewable Energy Resources; Non-Renewable Energy Resources; the Physical Economy of Energy Use; the Conservation of Free Energy; Social Evolution and Energy; Life Styles, Government, and Energy; the Geography of Energy; the Social Economy of Energy Use; Energy and the United States; Decisions About Energy; Depletion of Geologic Resources; Ethical and Moral Aspects of Energy Use; and Alternative Energy Futures.
It is concluded that man must ultimately rely on renewable energy forms, but there is no promise that these energy sources can be made available at costs low enough to ensure man’s survival.
https://www.osti.gov/biblio/7357737-man-energy-society
In 1973 I lived in Grand Rapids, Minnesota–the year we all cut wood. Oil for furnaces was hard to obtain, and the companies would not fill oil tanks, and sometimes they ran out of oil. My best friend and colleague, Don Boese (historian and anthropologist) had a large old frame house that he heated with wood–several cords of hardwood per winter; he used a 12 pound Monster Maul to split wood and would start the day with an hour of cutting (by hand) and splitting wood. I walked two miles to work all winter and suffered from the bad woodsmoke pollution. In my own house I had an old potbellied stove that one could cook on; it worked equally well on coal, charcoal, and wood.
The Earl Cook book is not about renewables: It takes a historical, antropological, sociological, economic and engineering perspective to energy.
Checked that book—copies listed at anything between $500 and E1800, so will pass on that. Sounds interesting though. obviously something to do with Amazon’s pricing system.
there is only one renewable energy source:
The land we live on. (and the seas of course).
That land supplies food (meat and veg) and convertable vegetation, mainly trees. (for us and all other life forms)
Humankind cannot sustain itself, or grow faster than, other than what the land supplies.. This has been the law for a million generations
The last 300 years (or about 10 generations) have been the timeblink of an eye in Earth terms, a brief anomaly——— yet we think that it represents our permanent future. We have altered the laws of physics
It doesn’t.—we haven’t.
pretending (which is all it is) to stir up controversy to insist otherwise, as per our favourite stirrer on OFW, (I’m burning petrol and coal)…is to just sound foolish, except to fellow believers in energy infinity, who probably insist that gravity is a hoax until they hit the ground.
I keep telling the cheap oil and resources story as well.
I think the true opportunity cost of oil is greater than $120 per barrel, because external costs (those not captured by the price system) should be counted–especially pollution, including CO2 pollution. Nevertheless, I think people can afford $250 to $300 per barrel, because in the U.K. and Europe gasoline taxes in excess of $5 per gallon have not disrupted the economies of those countries.
And generally with a flavour of originality…
Norm is like a bad karaoke singer….
desperation
laughter is all that’s left
its no different to the oft repeated tale about goldilocks and the 3 bears.
goldilocks is really only after the energy and resources that rightfully belong to the bears, (the embodied heat in the porridge, and so on. )
they, understandably, get annoyed about her always expecting to live in the Goldilocks zone, without acknowledging that they have to supply her with cheap energy .
*********
On the other hand, if you can come up with a story about a current life-situation that doesn’t involve access to cheap surplus energy, I’d be very happy to re-distribute it to the waiting masses throughout the world.
They will be mightily relieved, I know.
I heard that there was a book running on how long you can hold your breath
She may have gone to Oxbridge, but she got her first real education from Fast Eddy.
We crossed the Rubicon when we started to destroy the soil using the Haber Bosch Process.
Ironic that that invention ushered in what came to be called the Green Revolution—the name being a triumph of marketing over reality.
We really are getting into fantasy world now.
After all the previous realms of make believe.
Now it’s 50 shades of Eddy
who, (like the original book) doesn’t have a clue what he’s talking about on that subject either.
3000 comments
1000 from the same source.
it is not necessary to say more than that
Is it that many? I really need to get paid for this …
Colbert’s people reached out to my agent with a 2 million dollar per year contract last week… but I turned it down because I am so busy posting on OFW and OG.
Perhaps I can license this stuff out to a network of sites.
there would have to be a contract of exclusions drawn up of course, to ensure you got paid the going rate.
regular payments would be made to you, (and everyone would be happy to contribute I know) but only on adherence to the conditions set out in the small print:
‘excluding OFW’
Gail,
A google search for break even or price for oil to be profitable is $56 but you often say it needs to be $120. Why the big price discrepancy and where do you account for the difference in numbers?
If you can post your sources that will be helpful
This is the OPEC Fiscal Breakeven chart by country from 2014. The Fiscal Breakeven (price needed to give enough taxes to operate their country) was well over $100 per barrel at that time. Fiscal Breakeven prices would be expected to be higher now.
https://ourfiniteworld.com/wp-content/uploads/2014/10/aricorp-opec-fiscal-breakeven-2014.png
This is a chart of effective tax rates (“government take”) from 2013 by country by Barry Rogers, Oil and Gas Consulting.
https://ourfiniteworld.com/wp-content/uploads/2013/06/pe_worldmapunfold1-comp.jpg
This is a link to a post I wrote in 2014, documenting a talk that Steve Kopits gave saying that oil companies, back as early as 2012, were finding oil prices inadequate. In today’s dollars, oil prices in 2012 were the equivalent to $120 today. I called the post, Beginning of the End? Companies cut back on spending
Companies were finding that prices as far back as 2012 were not sufficient to cover their full costs, including that of drilling new high cost wells.
Regarding intermittent electricity, the problem is that these intermittent devices only replace fuel, they don’t really replace electricity. In other words, there is no reason that the costs of these devices should be reimbursed at more than the cost of the coal or natural gas that they save. In fact, this seems to be the way the output of these devises is priced when it is purchased by in PPA purchasing agreements. Here, we see the price was about 2 cents per kWh, which would be the cost of the natural gas saved.
https://ourfiniteworld.com/wp-content/uploads/2018/12/Median-PPA-Prices-Compared-to-Gas-Price-Forecasts-2017-Wind-Technologies-Market-Report.png
In order to really replace electricity, the output of these devices would need lots and lots of batteries and lots and lots of long distance transmission lines. They would also need many people keeping brush cut from under these lines, to prevent forest fires. There is no way that California can make wind, solar, hydroelectric and batteries work, as far as I can see, even with lots more batteries. The pricing scheme being used for wind and solar drive backup providers, particularly nuclear, out of business. California is losing its last nuclear plant.
https://www.power-eng.com/nuclear/report-more-than-one-quarter-of-u-s-nuclear-power-plants-are-closing-or-unprofitable/#gref
not sure if that is for me kulm but here you gohttps://www.statista.com/statistics/748207/breakeven-prices-for-us-oil-producers-by-oilfield/
I just googled break even for oil production.
If the breakeven is by oil field, it is just the cost of the last little bit of spending needed to get the oil out.
There is more than one “breakeven.” A company will report to its shareholders the lowest possible breakeven, to make its situation look as good as possible.
If a company has done all of the initial work of obtaining the land and figuring out where suitable wells might be drilled, then all a company might be concerned with is how much direct expenditures that they might have with producing a barrel of oil. In such a case, it is perhaps true that some oil companies can have a breakeven of $56 per barrel. Some companies, for instance in Saudi Arabia, on such a basis, might have a break even far below $56 per barrel, say, $15 per barrel. If the price is higher than this breakeven, companies have money to put toward overhead expenses, including purchasing and developing new fields, debt repayment, taxes, and paying dividends to shareholders.
Historically, oil companies have paid high taxes. In fact, in oil exporting countries, taxes paid by oil companies are often nearly the only source of revenue for governments. Taxes can comprise as much as 90% of costs. Oil exporters have a real need for these taxes. Without them, roads couldn’t be build. Food couldn’t be subsidized. Governments would be overthrown by the otherwise impoverished population. Even in the US and Canada, oil companies pay “royalties” in addition to regular taxes on profits. State taxes often depend on the price of oil (the higher the oil price, the higher the tax percentage). Alaska has been known in past years to give each citizen a tax rebate (instead of paying any state taxes at all), based on the taxes oil companies have paid.
Once all of the costs are included, the price ends up being well over $120 per barrel. People get confused, because wind and solar get huge subsidies, instead of paying taxes. Oil companies do the reverse, paying in high taxes to governments, if the oil price is high enough. They greatly benefit the area where they are located with the high taxes they pay.
This is one recent analysis. Oil producing countries can obviously lower their fiscal breakeven price if they implement austerity measures, stop paying workers and triple VAT.
However, there are also questions of recent investment levels in future productive capacity, which have fallen sharply and need to rise much higher. Investment was slashed in 2014-5, and again in 2020 (IMF, WB, EBRD, EIB have now said that they will no longer invest in fossil fuels!) and we are headed for a severe supply crunch without far more investment. Proper investment in future production would radically raise the presently estimated fiscal breakeven price. Debt levels are also an issue.
Even so, Brent is estimated at an average present fiscal breakeven price of $91/b for 2021, which is still a lot higher than now, and far higher than the historical price. The global economy is ever more indebted, and oil is only profitable if users can afford it. The fiscal breakeven goes up if there is a global contraction and oil production levels slump. So, it is an ongoing, complex story. And we are headed for a severe supply crunch now anyway due to collapsed investment.
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/042221-feature-lower-gulf-fiscal-oil-breakeven-prices-seen-supporting-easing-of-opec-cuts
Saudi Arabia’s 2021 fiscal breakeven was seen lower at $75/b Brent from $86/b in 2020, thanks to austerity measures in the wake of last year’s oil price crash, the elimination of monthly payments to state workers and the tripling of value-added tax to 15% to boost non-oil income, according to Paul Sheldon, chief geopolitical adviser for S&P Global Platts Analytics.
Export-weighted OPEC fiscal breakeven prices are forecast to average $91/b Brent in 2021, down from $102/b in 2020, mainly due to higher non-oil revenues and rising net oil exports as demand recovers in the second half of the year, he said.
Fiscal breakeven oil prices are usually influenced by a drop in government spending, improvement in non-hydrocarbon revenues and an uptick in oil export volumes, according to Garbis Iradian, chief Middle East and North Africa economist for the IIF.
The tripling of VAT last year, the projected 6% cut in 2021 fiscal spending, and higher oil exports compared with 2020 in Saudi Arabia indicates the world’s No. 1 oil exporter is more inclined to support relaxation of OPEC+ cuts.
“Such lower fiscal breakeven oil prices would be one of the main reasons why Saudi Arabia, the UAE and other major oil producers in OPEC+ ease the production cuts in 2021 and 2022,” said Iradian.
Saudi Arabia hasn’t been paying its contractors. It is in terrible financial shape, even with the debt it has taken on in recent years, to try to cover part of the shortfall in tax revenue.
I think that the stated 2020 and 2021 fiscal breakevens for Saudi Arabia are lowball estimates. They cannot possibly get along at that level, for any length of time.
This would have been another argument for launching the CEP…. the Elders and their consultants would have been receiving detailed data points helping them make their decision
It may be CEP, or it might also be a longer-term pincer attack on the population.
1/Geronticide; 2/ Covert mass sterilisation, both through ‘vaccines’.
That way, the burden of the elderly – the ‘pensions black hole’ , care costs, etc – could be reduced or even eliminated; while they can still exploit the masses for labour and data harvesting/genetic experiments.
The savings from birth-rate expression and sterilisation would be almost immediate.
What we do know is that they have no ethical boundaries.
The sterilization angle is interesting … but I still have trouble understanding how we maintain BAU if the population is falling dramatically…. Japan is the obvious example … China has also discovered the folly of population control and is dismantling it.
End of the day… whatever the end game is here… I don’t think anyone (even Greta) will be pleased with the outcome.
In a way I hope it’s not extermination … and that only the Injected are severely impacted… how delightful it will be to mock the CovIDIOTS!!!
Two recent articles discuss how inadequate capital investment is headed to a supply crunch.
It’s Too Late To Avoid A Major Oil Supply Crisis
https://oilprice.com/Energy/Energy-General/Its-Too-Late-To-Avoid-A-Major-Oil-Supply-Crisis.html
Oil Price Hits Pandemic High as Investors Bet on Green Energy
https://www.wsj.com/articles/investors-bet-green-energy-focus-will-push-up-oil-prices-11623656321
those types of articles have been seen often lately. The main counter issue is that the projections for higher demand are nowhere near certain. Especially since the higher inflation seen now is a signal that recession is looming. Yes, supply looks constrained for the near future, but that’s only part of the complex picture.
I don’t understand why oil consumption is not way down….I know in that in the States that Chinese tourism is way down and that is a lot of fuel to move them around…consumption of goods seems to be down then why is oil consumption not way down? Where is all the oil consumption coming from?
it is down significantly compared to 2019.
With the so called UFOs. Did the military corroborate the detection using visual and radar from in orbit sensors? Did any Lidar sense the UFO? Was any sensor reading backup by a second independent sensor? Do two jets approaching from significantly different angles both sense the object?
Geee, a black dot on a screen…..
All good questions, although I doubt the military will be inclined to share this kind of detail. I only hope they’ve got skeptical people on the inside. I mean, awhile back somebody over there thought that “remote viewing” was a promising avenue that deserved military funding.
It’s electrifying!
Amidst all the doom, all the gloom the grass keeps growing. I have a vision, an electric pickup(Tesla of course) pulling a trailer which stops in front of a property, the ramp lowers on the trailer and the non polluting mower backs off and proceeds to mow said lawn with none of the racket commonly associated with IC mowers. At the end of the job, the mower collects itself onto the trailer, electronically bills residence owner(bit coin optional, cc will be fine) as it closes the ramp.
Electric truck consults data base and moves to next job.
Owner consults account, (cc account for receivables) and plans next golf outing to sell more services.
Pollution, none, labor shortage, none, increased free time yes, what could go wrong, it is green grass, green power and green in the bank, a triple.
https://www.zerohedge.com/sponsored-article/graze-has-pre-sold-19mm-in-ai-powered-lawnmowers-heres-your-chance-to-get-in
Cost you doomers are wondering? The gps chip which is accurate to a cm is now available for $250, an Arduino will run much of it, Elon(yup, good old Elon) is making much AI opensource, opportunity knocks.
Dennis L.
and the same for snow plowing
and leaf removal in the fall hot dog a three season business.
and grocery, restaurant, hardware, delivery
and home security quick dispatch let loose six robots to scout the property photo intruders fax to police…..
Laughing quietly, never thought of leaves, etc., very good.
Well, at least it was a post good for a laugh and some thought,
We are in for some interesting times.
Gail, we will have to work on the granny issue and those scooters are quiet.
Thanks for all the comments by all, they were a hoot.
Dennis L.
This is a joke…right?
no joke, big future business
I hope your silent electric truck doesn’t run over any little old ladies, trying to cross a street without a cross walk. I have enough problems with silent scooters coming up behind me when I am out walking.
In our part of the world, a person cannot count on sidewalks. The street may have children playing in it, or people going for a walk, or “normal” traffic (which varies a lot, depending upon whether people are headed to the university for classes, or whether the university is not in session).
I hope your smart truck is very smart.
I walk every morning on sidewalks to watch the sun rise. Invariably, I am the only pedestrian. We are a car-addicted culture; I walk almost everywhere–to doctor, bank, drugstore, and five excellent restaurants that are within an eight-minute walk of where I live; no matter the time of day I have the sidewalk to myself.
ah Gail, you need the safe walk vest. Which will have six cameras surveilling front, back left and right. When a car approaches from behind it warns the wearer “car approaching from behind”. It begins to flash a warning light behind to make it clear to driver or AI. If it gets too close if starts yelling at the car “DANGER you are too close, you are on video tape, the police are being phoned”.
Can I get one with lasers?
absolutely we are a customer driven business
Seems like easy targets for thiefs and trouble makers, without jobs due to all this automation.
it is like a cop with 24/7 video/audio recording streamed to a secure server in a Swiss mountain.
Some people have revelations looking at advertisements.
Well, whatever floats your boat.
Being connected to the cloud via VAX you will merely deposit a small world coin sum and a grass cutter drone will be dispatched. For a small additional fee you may place your consciousness in the drone during the cut, a thrilling experience. Be sure to summon the water making drones on a regular basis!
Labour shortage is not an issue, if the unemployment rate is over 4%. Many people make a living, in NZ, mowing lawns, often with two people working. There will be some more detailed work needed, around the edges, so this scheme would only work fully and flawlessly on some manicured lawns (but they won’t stay manicured without human input). In the end, it wouldn’t really save much labour, I don’t think, and it would be limited in scope. But it would take a lot of resources, some scarce, to make the batteries and motors, and it would have a lot of associated pollution, with battery making. Then there is the weeding and pruning …
“Nigeria accidentally struck 206 trillion cubic feet of gas reserve: Minister Sylva”
The second largest natgas field in the world?
https://xtremenews.com.ng/nigeria-accidentally-struck-206-trillion-cubic-feet-of-gas-reserve-minister-sylva/ okay so let’s hope they find even more. And I hope my computer doesn’t get infected by that website.
that will make half a dozen Nigerians insanely rich
let’s hope one of them emails me promising to share it
“Dear Sir, you have been recommended to me as someone who understands the effects of resource limits on the global economy…”
It would seem to me that NG fields discoverys this large have potential to extend BAU. If a plant is built in the vicinity the NG can be made into liquid fuel. Yes oil transports to the refinery with much less infrastructure an thus higher EROI but my guess is the lower EROI of a large ng field does not make extraction nonsensical.
https://setxind.com/energy-markets/guide-to-understanding-liquefied-natural-gas-and-gas-to-liquids/
There is lots of natural gas in the world. You need a lot of infrastructure, made possible with coal and oil, to extract natural gas and to transport it to homes and businesses. Coal and oil is also needed to make the electric power plants that burn natural gas, and factories that might make use of natural gas.
In a lot of places in the world, natural gas is simply “flared.” In other words, it is simply burned off, after it comes out of the ground, because the cost of refining and transporting it to do some useful work is simply too high. It may be that flaring is what will happen to this natural gas as well. Natural gas only works as part of a broader system. Natural gas doesn’t build roads, or pipelines, or agricultural machinery. It doesn’t even operate today’s agricultural machinery.
It might operate an electric power plant near where the natural gas is extracted, if the infrastructure for transporting the electricity is available. Of course, this too requires oil and coal.
Darn… that’s a lot of flaring to get at the good stuff
That one did not work out.
> EU leaders take hard line on Russia, rebuking Merkel and Macron
Poland and the Baltics lead effort to thwart German-French initiative.
EU leaders early Friday adopted a hardline stance toward Russia — but only after Poland and the Baltic countries took their own hardline stance toward Germany and France and torpedoed a proposal by the bloc’s biggest powers to seek a summit with President Vladimir Putin.
The 27 heads of state and government adopted their tough conclusions on Russia at around 2 a.m. following a protracted and, at times, heated debate. The final result was remarkably humbling, if not utterly humiliating, for German Chancellor Angela Merkel and French President Emmanuel Macron, who normally exert the greatest sway in discussions around the European Council table.
Rather than endorsing the language proposed by Germany and France that would have floated the idea of “meetings at leaders level,” akin to the one held by U.S. President Joe Biden with Putin in Geneva last week, the Council approved a statement focused on setting expectations and demands for the Kremlin, which would be a prerequisite for new diplomatic engagement. The Council also threatened new economic sanctions should Moscow persist in “malign, illegal and disruptive activity.”
“The European Council expects the Russian leadership to demonstrate a more constructive engagement and political commitment and stop actions against the EU and its Member States, as well as against third countries,” the leaders wrote in their conclusions.
While the result marked a stunning victory over Germany and France by countries along the Russian border, the whole situation was a rather embarrassing episode for the EU, as deep divisions over relations with Russia burst into public view.
The summit, unexpectedly, turned out to be one of the most divisive gatherings of EU leaders in recent memory, as the Russia debate and another heated discussion, over Hungary’s controversial anti-gay legislation, exposed deep rifts, roughly drawn between eastern and western countries.
https://www.politico.eu/article/eu-unity-on-russia-collapses-after-german-french-proposal-for-outreach-to-vladimir-putin/
Slavs unite the enemy is Germany and France and US and China.
Baltics and Poland are westernized clan of Slavs, which means a lot of German and Scandinavian intermixing (mutation) over the history.. The mindset is very different..
At one ~brief historical period Poland & Baltics ran pretty oppressive regime over parts of the Russian dominion. Not mentioning even various more recent intervention campaigns during WWI-II.. etc. These two “blocks” are pretty much hating each other with a very deep passion.. Poland and Baltics got puffed up on western credit now, but that’s just a temporary mirage of real strength or power, which won’t last very long..
Where’s a False Dmitri when you need one?
Geopolitics does not necessarily pay much/ any attention to meta-ethnicity, ethnicity, genetics, culture or linguistics. Even shared religion did not historically imply good relations. Each state is its own individual organised will power. Good/ bad diplomatic relations tend to be based on whatever suits the state at the time. Blocs and alliances get formed, and looser ties.
States can attempt to weaponise those categories, however. USA is trying to use ‘values’ (ideology) at present to organise a camp hostile to China, but countries will only side in so far as it suits their interests. NZ has largely opted out of any new use of the ‘Five Eyes’ (leaving it as ‘Four Eyes’? – not sure they thought that name through.)
NZ is basically an island of farmers with a relatively low GDP ppp per capita, and agricultural products were 80% of its exports in 2019. China is NZ’s biggest trade partner (milk powder, butter, cheese, wood, meat, travel services). So, NZ has less scope to ‘mouth off’ at China than Australia, which has other exports too, including iron ore. NZ is more about ‘service with a smile’.
NZ is the least important member of 5-eyes alliance, quite obviously. It wants to play rational – not alienate China – for economic reasons as you pointed out.
It is, nevertheless, as much exposed as Australia in the longer term. Both countries have low population density, lot of agricultural capacity and other resources.
As I can imagine both countries might be number one target for ‘living space’ expansion of China’s super power. As long as the US will not counter-strike in potential conflict. This is the reason for Australia active anti-China attitude and friendly relations with US, I guess.
So far, countries like China, Korea, Saudi Arabia have long time lease of the agricultural land (Madagaskar, Kenia, Sudan). As the agricultural goods get pricier and less available (increasing local instability in Africas countries) the food security will become the most important task for 1,4 bln people. Guess where they will arrive in the first place. Do they have this plan in strategic calculations?
And how will China move its troops there in order to invade?
https://thediplomat.com/2021/04/yes-china-has-the-worlds-largest-navy-that-matters-less-than-you-might-think/
Most probably by sea, I guess 😉
Presumably USA would intervene in Australia only if it suited USA interests, and regardless of the past trade behaviour of Australia, in which case there is no long-term motive for Australia on that count.
And there is no guarantee that USA would win, or that the war could be justifiable on a strategic level, given the likely consequences for USA, or that it would be politically viable.
Russia has taken land from Georgia and Ukraine, and USA has not intervened to reverse the advances, regardless of any diplomatic posturing on the matter. USA failed in Syria, and now in Afghanistan. I doubt that it would want to take on China.
So a future USA intervention would be doubtful, and it seems that Australia could not guarantee one with any present behaviour anyway. And all of that seems ways off anyway. Goodness knows what the Australian government is thinking.
Is Australia a geopolitically ‘mature’ country at all? And populism can lead to some pretty daft decisions, look at Brexit and some of Trump’s decisions. Quite a few of Scott Morrison’s stances look questionable. He seems to confuse geopolitics with virtue-signalling, which likely helps him electorally.
I think you are right about the USA not being willing (or able) to intervene if China decides to take over Australia. The USA can’t really “come out ahead” in any such confrontation.
You might be right. Will see.
“Peak Central Bank Support Marks New Phase for World Recovery…
“History shows that managing the exit won’t be easy. Attempts to wean markets off a drip feed of cheap liquidity in the years after the global financial crisis spooked investors.”
https://www.bloomberg.com/news/articles/2021-06-26/peak-central-bank-support-marks-new-phase-for-global-recovery
I wonder if they can ever wean markets. They can’t raise interest rates and housing is so high that majority can’t afford them ever again. Then there is the mass on unemployment….college tuition is going to have to go up soon because you are going to have to pay employees more money….and it cost more to maintain buying materials etc….no we have weaned the people off their opioids…what drug can we give them next! Add another 2 trillion to the deficit for infrastructure spending! Then the next stop is raising the debt ceiling before August!
Fake it till you make it….that is the theme of the FED and Treasury!!
No kidding. The amount of support by Central Banks has been amazing:
It took eight years to reach this level after the 2008-2009 financial crisis. It seems like the world economy should expect to need increasing central bank support for at least another eight years, this time, whether or not the virus seems to be going away. We still have peak oil and peak coal to somehow compensate for.
“Belarus dictator floods EU with migrants in retaliation for sanctions. Four flights from Baghdad land in Minsk airport every week, and some of the planes carry as many as 600 passengers each…
“The embattled Belarusian dictator has made good on his threat to flood the European Union with migrants by sending hundreds of Iraqis on ‘package holidays’ to neighbouring Lithuania in retaliation for sanctions.”
https://www.telegraph.co.uk/news/2021/06/27/belarus-dictator-floods-eu-migrants-retaliation-sanctions/
“Twice as many illegal migrants along ‘Balkan route’ this year.
“…the number of people illegally crossing the external borders of the European Union in the first five months of this year reached 47,100, an increase of nearly 50% compared with the same period last year.”
https://www.euractiv.com/section/politics/short_news/twice-as-many-illegal-migrants-along-balkan-route-this-year/
“He Saved 31 People at Sea. Then Got a 142-Year Prison Sentence.
“Greece is prosecuting migrants on charges of people smuggling, and imposing heavy jail terms. Rights groups say many migrants are being unfairly accused and sentenced.”
https://www.nytimes.com/2021/06/25/world/europe/greece-migrants.html
“Feeling abandoned by Europe, Greece hardens migration policy…
“Greece is hardening its approach ahead of summer when migrant arrivals pick up, defying criticism from aid groups and saying it has little choice given a lack of support from the rest of Europe.”
https://www.reuters.com/world/europe/feeling-abandoned-by-europe-greece-hardens-migration-policy-2021-06-18/
The world now, in total, has too many people for resources.
People from countries with rapidly growing populations especially want to migrate. Iraq is one such example. It had 3.588 births per mother in 2020.
https://www.macrotrends.net/countries/IRQ/iraq/fertility-rate
If someone (Belarus) will open the door, and send the migrants out another door, the EU then has a migrant problem.
“North Korean leader Kim Jong-un’s unusual acknowledgement of a food shortage is stirring up legitimate questions about the current situation inside the reclusive state and the reasons behind his admission.
“Pyongyang watchers also believe the country is facing a quite serious food shortage.”
https://www.koreatimes.co.kr/www/nation/2021/06/103_311178.html
“North Korea’s ‘wild’ forex swings signal new risk for Kim Jong Un.
“North Korea has been hit by sharp swings in currency and food prices as economic pressures stemming from the Covid-19 pandemic and international sanctions create new risks for Kim Jong Un.”
https://www.ft.com/content/b88149dd-2206-44ac-821e-16549ce7da2e
perhaps even Kim himself doesn’t have enough to eat. “emaciated” ha! … https://www.yahoo.com/news/north-koreans-worry-over-emaciated-131706955.html
If China has been having a food shortage related to last year’s floods, it shouldn’t be surprising that North Korea is also having food shortages, whether or not there is a problem with management.
Starvation usually comes because the poorer people cannot afford the food that is available. It seems like that is happening in North Korea as well.
I can see why Kin would hope to get aid from South Korea or the USA.
“Profit growth at China’s industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity… Officials warn that China’s recovery remains uneven.”
https://www.reuters.com/article/china-economy-industrial-profits/update-1-chinas-industrial-profit-growth-slows-amid-high-raw-material-prices-idUSL2N2O9017
“MMT Makes Inroads in China With Calls for Bigger Fiscal Stimulus…
““There’s a new understanding of debt in macroeconomics,” Liu Lei, a senior researcher at the National Institution for Finance and Development, a top government think tank, said in an interview. “Unlike the private sector, the government can continue to borrow new funds to repay old debts. The only requirement for this to go on is that interest rates remain low.””
https://www.bloomberg.com/news/articles/2021-06-23/mmt-makes-inroads-in-china-with-calls-for-bigger-fiscal-stimulus
“China is taking another step to loosen its capital controls and in the process is giving onshore investors greater access to a previously hard-to-reach bond market.
“The so-called southbound link of the Bond Connect program will help draw capital from the mainland to bonds available in Hong Kong, which are currently a challenge to buy due to regulatory restrictions.”
https://www.bloomberg.com/news/articles/2021-06-27/how-china-is-cracking-a-window-for-its-bond-investors-quicktake
Allowing the Chinese to invest in Hong Kong marketed debt is a way to keep the Yuan from rising too rapidly. According to the article:
Yikes!! Well everyone is doing it! When do countries lose confidence
Or speculators.
It is really hard to pass on higher raw materials prices to consumers. Likely, profit takes a hit as well.
Presumably as many EU workers came to Britain as the economy could absorb. Ending free movement was always going to leave labour gaps in the economy – what did they expect? Now they want them to come back. It would be so funny if EU HGV drivers all boycotted Brexit Britain.
All the Tory talk of ‘the brightest and the best’ is a lot of stark raving nonsense, an economy needs the full range of workers. Britain does not have a ‘high-skilled’ economy anyway, hardly any countries do.
> Supermarket shelves could be empty in food shortage within WEEKS after loss of 100,000 HGV drivers due to Covid and Brexit, industry chiefs warn
British shoppers could face a summer of food shortages due to a shortage of more than 100,000 lorry drivers, experts have warned. A double impact from Brexit and the coronavirus pandemic has sparked a staff shortages after Eastern European drivers returned home. And the disruption to the chilled food supply chain could result in shelves being empty of some items within weeks, industry insiders say.
In a letter to Prime Minister Boris Johnson, industry leaders have called for urgent intervention to allow eastern European drivers back into the country, similar to those issued to farm pickers, adding them to ‘shortage occupation’ lists. They have warned that without government intervention, British supply chains risk ‘failing at an unprecedented and unimaginable level.’
https://www.dailymail.co.uk/news/article-9727775/Britain-facing-summer-food-shortage-loss-100-000-HGV-drivers-Covid-Brexit.html
“Japan proposes four-day workweek as idea gains purchase amid pandemic…
“[Japan’s] annual economic policy guidelines, released this month, unveiled plans to push employers to adopt four-day workweeks, marking official acceptance of a once-fringe approach that has gained increasing purchase internationally amid workplace changes wrought by the coronavirus pandemic.”
https://www.washingtonpost.com/world/2021/06/24/japan-four-day-work-week/
“Almost half of London companies whose staff can work from home expect them to do so up to five days a week after the pandemic finishes, and smaller businesses are more likely than larger ones to move ahead with remote working.”
https://www.bloomberg.com/news/articles/2021-06-21/half-of-london-companies-plan-for-home-working-five-days-a-week
It seems like pay would fall, if the work week drops from 40 hours to 32 hours.
Going to 4 days, each with 10 hours, would cut commuting time (and fuel) and leave the hours the same. But in many kinds of work, productivity likely lags after working long hours.
“Lebanon: Protesters try to storm banks after currency hits record low.
“As the Lebanese pound plunged to a new low against the US dollar, protesters clashed with security forces in several cities. An ongoing economic crisis has sent the cost of living skyrocketing.”
https://www.dw.com/en/lebanon-protesters-try-to-storm-banks-after-currency-hits-record-low/a-58062461
“Lebanon’s caretaker prime minister on Friday granted his approval for financing fuel imports at a rate higher than the official exchange rate, effectively reducing critical fuel subsidies amid worsening petrol shortages.”
https://www.aljazeera.com/economy/2021/6/25/lebanon-reduces-critical-fuel-subsidies-amid-petrol-crisis
“For the fifth time this year, Lebanon raised the price of subsidised bread as the country’s political, financial and economic crises deepen with no resolution in sight.”
https://www.aljazeera.com/economy/2021/6/22/lebanon-raises-price-of-bread-for-the-fifth-time-in-a-year
The Lebanon situation keeps getting worse.
When?
http://1.bp.blogspot.com/-X85ruBcRUg0/U7QEXaDTL_I/AAAAAAAACjM/yb0vZHScM_E/s1600/camel.jpg
NOT MAKING HEADLINES: CDC Officials Admit More Hospitalizations of Young People from Vaccine than From the Actual COVID Virus – Including HUGE Number of Heart Problems Reported
Alex Berenson:
We can no longer trust the Centers for Disease Control to weigh honestly the risks and benefits of Covid vaccines for young people.
That is the only possible interpretation of Wednesday’s CDC Advisory Committee on Immunization Practices (ACIP) meeting about the link between Covid shots and serious heart problems in teens and young adults…
At the meeting, CDC scientists presented horrendous data. It showed that even without accounting for underreporting, a second dose of the Pfizer and Moderna vaccines could increase the risk of problems up to 200-fold in young men.
But the scientists then went on to suggest the vaccines should still be given – even to kids already suffering from heart problems…
…the CDC’s own data shows that for every 100,000 vaccines given to young people, more than 25,000 will have temporary side effects that prevent them from “normal activities,” 700 will require medical care and 200 will be hospitalized.
In contrast, the CDC estimates that only about 50 out of 100,000 adolescents have EVER been hospitalized for Covid-related illness.
http://www.cuzzblue.com/2021/06/not-making-headlines-cdc-officials.html
Wow! There should be correct numbers somewhere, a person would think.
That web site is blocked as being a trojan, I have very good anti viral software.
Dennis L.
Sorry about that. Thanks for the warning Dennis!
The regulators certainly cannot be trusted, anywhere it seems.
Dr Suneel Dhand on YT has done some excellent, very reasonable posts on Covid.
He points out in a recent one that to advocate a 2nd dose even when the 1st dose has caused problems is a violation of basic medical ethics (not to mention common sense).
He also wonders why they are dead set on jabbing children, and dismiss natural and acquired immunity.
I am sure he will be banned soon for uttering such outrageous heresies.
A young customer of mine, about 26, had Covid last year, which was just like a slight cold and feeling a bit dizzy. But the 2nd dose of a vaccine two weeks ago sent him to bed for 2 days feeling absolutely terrible, ‘far worse than the virus’.
None of my older acquaintances, active and not in ‘care’, in their 70’s and 80’s have suffered this, just a sore arm, etc.
Now you’ve been jabbed, you deserve to give yourself a reward. How about a nice Caribbean cruise?
+ + + + +
A Royal Caribbean-owned ship, the Celebrity Edge, set sail from a US port Saturday, marking the first cruise ship to sail from a US port in 15 months. It set sail with 99 percent of its 1,110 passengers fully vaccinated, the company said.
Celebrity Edge departed Fort Lauderdale, Florida, at 6pm Saturday, with 1,110 passengers on board, which is 40 percent capacity.
Celebrity Cruises, one of Royal Caribbean Cruise’s brands, says 99 percent of the passengers are vaccinated, well over the 95 percent requirement imposed by the Centers for Disease Control and Prevention.
A giant greeting was projected on a wall of one of the port buildings: ‘Someday is here. Welcome back.’
Passengers arrived with matching T-shirts that read phrases such as ‘straight outta vaccination’ and ‘vaccinated and ready to cruise.’
‘Words can’t describe how excited we are to be a part of this historic sailing today,’ said Elizabeth Rosner, 28, who moved from Michigan to Orlando, Florida, in December 2019 with her fiancé just to be close to the cruise industry’s hub.
To comply with both the CDC’s requirement and a new Florida law banning businesses from requiring customers to show proof of vaccination, Celebrity Cruises asked guests if they would like to share their vaccination status. Those who did not show or say they are vaccinated face additional restrictions.
http://www.yourdestinationnow.com/2021/06/royal-caribbean-owned-celebrity-edge.html
‘Darwin Prize Cruises’?
‘I’m just so excited that not only did Dr Mengele-Fauci choose me, but he lined up this special treat just for us lucky ones!’
Dr Mengele gave favoured children – he murdered thousands- apples and sweets…….
A boat full of CovIDIOTS hahahahaha….
Checked out JMG’s blog (ecosophia.net). He mentioned he thought there was a malevolent force at work behind the whole COVID thing, but he wasn’t sure if it was human or alien though.
Personally I’m a believer in aliens. Simple maths in an infinite universe says they must exist. The only question is are they here and what are they doing? But really it doesn’t matter whether it’s aliens or the Elders, the end result is the same.
This morning an analogy occurred to me with how Australia was taken over by the Brits vs COVID. The Brits appeared to be aliens to the Aborigines and one of the techniques they used was to handout smallpox infected blankets. Decimated them. Can you compare the frantic, w/wide COVID vaccine rollout (“safe and effective” is the mantra here in Oz) to blankets given to the Aborigines?
Anyway, as other commenters have noted, back in lockdown here in NSW after 1 death in 6 months in the whole damn country. And Yep super convenient timing to lockdown at the start of the school holidays.
The bonus this time is that you have to wear masks outdoors in public gatherings in rural areas FFS! It’s amazing how so many people are hypnotised that they think this and other crackpot sh-t is a good idea. If you try to explain the Pfizer vaccine is released under emergency authorisation and the trial data is scheduled to be available in Jan 2023 they literally can’t hear you.
Must say though given the scary production figures, I’m actually relieved if FF are conserved for essential purposes rather than frittered away on tourism. Just print some more money to fill the wage gaps.
As a footnote, somehow or other the OZ economy is reportedly going gangbusters. Who knows where the figures come from, but party on while we can.
Possibly a myth
http://www.amerika.org/science/another-myth-dies-american-indians-were-not-given-smallpox-infected-blankets/
Interesting!
Regardless… it would have been the smart thing to do… much more effective than fighting endless wars.
Before you attack… this is how the Elders think…. and they’d care if you don’t like their… methods.
On balance, probally true in nsw
UK is now officially in the third wave. One of the most vaccinated nations in the world can’t even come out of a lockdown. In fact they are entering the third wave while under lockdown.
What’s next? Burn down neighborhood’s with Covid clusters? Burn infected people on stake? Hang people without masks?
The UK is not really under a lock-down anymore, if we take the first one in March 2020 as the gold standard – just lots of restrictions still, masks indoors, the need to make appointments, etc.
All designed, obviously, not to reduce deaths, but to crush retail, hospitality, the arts and museum sector, and favour digitisation of the economy and our lives.
There is no hope for anyone who can’t see this by now.
Actually, your ideas are not as wild as they sound: the emergency legislation in the UK allows for local authorities to seize and demolish private property if it is ‘ineradicably infected’ with the virus.
Also to seize and detain people, without charge or trial, if an ‘infection risk.’
I don’t know if someone has already posted this article, but it is interesting, expecially for people living outside UK and expecially for Italy where mainstream media is trying to desperately convince people that if one gets the jab will have (in case) Covid only in a mild way.
Now it is has been definitely discovered that it is not like this.
Of course in the article they are scrambling to try to convince the reader that it is normal like this, but the embarassing result is now evident.
https://www.theguardian.com/theobserver/commentisfree/2021/jun/27/why-most-people-who-now-die-with-covid-have-been-vaccinated
Deaths with covid in UK are down to basically zero – 15 a day compared to 1500 in the second wave. The jabs seem to have worked on that count.
They could be dying of flu or TB instead, like in the good old days. I assume people are still dying at about the same rate?
They are low, but the title and the article is clear:
most people who now die with Covid in England have been vaccinated
The pattern is what one would expect, with some elderly and vulnerable still dying with covid, but at 1% of the rate that they were. Nearly all of them have been vaccinated, so those dying will tend to have been vaxed. They could be dying ‘of’ anything, and ‘with’ covid, that is unclear. A lot of those most liable to die did last year.
I assume people are still dying at about the same rate?
In the US, we are about 900,000 more than past rates.
600,000 of those are Covid, the other 300,000 are still being studied.
(I would bet they are Covid also)
I guess we could call the suicides “COVID lockdown” deaths. And the diabetics who didn’t go to the hospital when they were having serious blood sugar problems because they were afraid to go to the hospital were indirectly “COVID-19 lockdown” deaths, because all of the publicity about the huge problems made everyone afraid to visit the emergency room or call an ambulance. I don’t think that they were directly COVID-19 deaths, however. Some were deaths related to the vaccines against COVID.
In the US, where many people eat like pigs and bark like dogs, they will tend to drop like fliers.
Here in relatively un-obese, seaweed-scoffing and natto-swallowing Japan, despite having to deal with Covid-19, Fukushima and the oldest population structure of any large country on earth, there were 10,000 less deaths overall in 2020 than in 2019, which is very bad for the financial health of the pension and medical system.
You can check here. Deaths seem to be below baseline, perhaps because there are still restrictions (latest data should be treated with caution as deaths may be registered late).
We get a lot of comments here about deaths being much lower than official figures. If that line holds, the low death rate from COVID-19, in the UK, would be even lower. This is evidence (I’m not sure if it’s conclusive yet) that the vaccine is highly effective at preventing serious cases and deaths.
I think the vaccine is effective in preventing serious COVID-19 cases and deaths.
I expect that Vitamin D and ivermectin would be also be safe and effective in preventing serious COVID-19 cases and deaths. They would have much less serious side effect problems, especially unknown long-term side effects. But they would not help the big pharmaceutical companies as much.
I agree that Vitamin D and Ivermectin could also do the job but I don’t know about “less serious side effect problems”, at least for some of the vaccines – not enough research yet.
Perhaps I should say vitamin D and ivermectin have fewer short term adverse side effects. Longer term, we know that higher vitamin D levels seem to be protective against multiple diseases. The long term effect of these vaccines is unknown, but given that they seem to be based on a bioweapon, may very well be harmful. We don’t know.
Yes it’s very easy to reduce Covid deaths… just stop counting cancer, heart disease and traffic deaths involving people who tested + for covid as Covid Deaths…
Or do this…. https://off-guardian.org/2021/05/18/how-the-cdc-is-manipulating-data-to-prop-up-vaccine-effectiveness/
Or is it that thing called the ‘Sun’. Just like last year when we didn’t have the jab…
you really should stop holding forth while sitting on that secondhand barstool you got from Onassis’s yacht Eddy.
Its proximity to your fundamental orifice is having a detrimental effect on your personality
He is a paranoid lunatic who has taken to randomly attacking people on here with violent rants in ‘pay back’. It is the sort of behaviour that gets people committed to mental hospitals.
most of them have been closed down, I think they only accept cereal killers now.
Apparently it has to be ‘care in the community’ these days. Not good for the community though.
Why do I feel embarrassed on his behalf—I always get that feeling when I see our local RL lunatic too.
Consider the attacks entertainment.
I keep thinking outside this particular box
what must RL be like?
So to get into Bedlam these days, you literally have to beat someone to death with corn cob or a box of Weetabix?
Where am I going to retire to now?
The Eddyhome for retired conspiracists, hoaxers, plotters and assorted scam artists.
you’ll be in good company
he doesn’t charge much, though visitors are carefully screened in case they bring in a reality virus
Who, me?
https://www.ctvnews.ca/canada/751-lights-mark-unidentified-graves-at-cowessess-first-nation-for-saturday-vigil-1.5487223
Funny this… since then we’ve blown up how many millions of people’s lives … so we can live large… no candles for them…
How ridiculous Goy are…
I defer to the Colonel:
We train young men to drop fire on people, but their commanders won’t allow them to write “f789” on their airplanes because it’s obscene!
There are some excellent videos on YT on the gunships used by the US in Iraq and Aghanistan.
The enemy appear to the gunners, some of whom are female, as little dots on a screen, like ants, and they enjoy themselves picking them off with the armaments, which can fell trees so intense is the fire.
Just a game on a screen.
clearly a job well suited to automation
This is staged… for sure.. but he’s had some acting lessons since the time he laughed after hearing Shakespeare had the Injection …
‘Build Back Better’ he says https://globalnews.ca/news/7983543/uk-health-minister-affair-resigns/
He’s probably collecting 10M and will use these final months to nail strippers in VIP rooms in Poland while snorting coke….
Like I was saying… this is the sort of person the Elders like to employ… they are corrupt… imbe ciles… with zero ethics…. they’ll do absolutely anything for money…
Hope he ODs while in the VIP room
NSW records 30 new local cases as Sydney begins its first day of lockdown; Darwin enters snap lockdown; Perth requires masks indoors
https://www.smh.com.au/national/australia-covid-live-updates-sydney-plunged-into-two-week-lockdown-as-cases-continue-to-grow-across-nsw-20210626-p584jg.html
Bye Bye Bubble Bye Bye… just as the school holidays were about to start… and the hotels were fully booked … and the starving restaurants were preparing to feast….
What incredibly unlucky timing!
Vaccine hesitancy will require a military response, seemingly says author in “Nature”.
https://www.nature.com/articles/d41586-021-01084-x
“Efforts must expand into the realm of cyber security, law enforcement, public education and international relations. A high-level inter-agency task force reporting to the UN secretary-general could assess the full impact of anti-vaccine aggression, and propose tough, balanced measures. The task force should include experts who have tackled complex global threats such as terrorism, cyber attacks and nuclear armament, because anti-science is now approaching similar levels of peril. It is becoming increasingly clear that advancing immunization requires a counteroffensive.”
‘Anti-science aggression’?!
Hmm, not standing for scientific integrity and sound method, the defence of medical ethics, human rights and against coercion, as we thought we were?
To that second point… Joe Rogan has a big voice…. and a big contract… just like Colbert and others who are tools of the Elders….
If Joe is for real… then why does he not have Yeadon and/or Bossche on his show?
On the other hand, if Yeadon and Bossche went on Joe’s show, that would indicate they were tools of the Elders too.
No doubt the Spotify people — being part of the industrial media complex — have editors — who get the Ministry of Truth Edicts… and if Joe suggested Yeadon or Bossche as a guest… this would be vetoed.
If they they didn’t follow the edicts… there would be hell to pay… for all involved.
In the UK it’s permitted for complain about lock-downs, point out the economic damage, without any repercussions, etc.
The govt. has even admitted that ‘by mistake’ it over-estimated deaths by ‘about 33%.’
But not to join up the dots, or question the safety of the injections in any way.
I expect the independent new media who do so to be eliminated in the online repression and censorship which will follow the ‘cyber pandemics.’
Just to Keep You Safe……
He makes his money by kissing the right side so he will never bother with Yeadon and Bossche.
When you say Colbert, do you mean James Corbett?
Stephen Colbert is a (never-really-that-funny) US “late night” TV comedian whose shtick started out as a parody of suit-&-tie-wearing right-wingers. He used to be good at staying in character, but he’s been getting increasingly confused and/or lazy. He’s been used as a mediatical foil for Stewart in the past, most notably in their joint 2010 “Rally to Restore Sanity and/or Fear”, wherein they attempted to release political tension through tepid”both sides” mockery.
What he (and the jakkas s Stewart) does is serve to keep the Goy divided and at each other’s throats so they do not realize they are ruled by the Elders….
They get very well paid for their services.
Steven Colbert — the comedian / propaganda tool
1:36 or so … the 3 blind mice are attributing this to big pharma rejecting ivermectin because they want to make money…
F789!!! So they have the power to stop this drug and convince the MSM to join forces with them…
This is beyond ridiculous. We are pumping out tens of trillions of dollars to prop things up so that big pharma can make a few billion ….
This demonstrates the stoooopidy of highly trained apes…
It’s either that … or this is another method of getting the hounds off of the CEP scent….
https://american-podcasts.com/podcast/the-joe-rogan-experience/-1671-bret-weinstein-dr-pierre-kory
Rogan is a very effective gatekeeper… that’s why he gets the big bucks.
I only saw ten seconds of the Stewart thing and it was painful to see how scripted it was. Picking up the quashed “lab leak” narrative after a year-and-a-half with no new evidence is extremely suspect. The vast majority of people (esp. Boomers) see Stewart (né Liebowitz) as a “truth teller” because he made fun of GWB and seemed against the Iraq war(s). He seems to get dragged out of retirement every so often so he can play “conscience of the nation”.
” . . . the quashed “lab leak” narrative . . . “?
“GOF Reveals that SARS-CoV-2 is Man Made & Paid for by U.S Taxpayers
1999: U.S. Dept. of Health & Human Services (HHS) funds research amplifying the infectious character of Coronaviruses.
2000: In May* Ralph Baric successfully uses reverse genetics (cDNA**) to rescued infectious clone*** of SARS-CoV Urbani.
2002:In April Christopher M Curtis, Boyd Young & Ralph Baric file a patent for a recombinant (chimeric) DNA means of producing “an infectious, replication defective, coronavirus.” Funded by NIH Grant GM63228. Dr. Shi Zhengli and colleagues increase infectivity by combining an HIV pseudovirus with SARS-CoV-1.
2003: Dr. Ralph Baric at UNC Chapel Hill receives NIH grant AI23946-08 officially classified as affiliated with NIAID. • Baric works on synthetically altering Coronaviridae.
2006: Chinese**** researchers combine HCV, HIV-1, SARS-CoV-1 & SARS-CoV-2.
2007: NSF Grant IIS-0513650 (Italy, France and Indiana University) study addresses FIRST CRITICAL STEP to control a pandemic – shut down International Travel. Given this knowledge why did Fauci tell Trump a Travel Ban was unnecessary?
2011: Scientists express Concerns about GoF after Labs in Wisconsin and the Netherlands mutate already lethal H5N1 Asian Avian Influenza Virus (Bird Flu) increasing infectivity.
2013: Middle East Respiratory Virus (MERS) outbreak with 30-40% fatality in Saudi Arabia (2014) and South Korea (2015). Rhesus macaques show early treatement with interferon-α2b and ribavirin critical to treatment success. Baric* and Chinese scientists isolate 3 coronaviruses from bats with HKU4 spike protein – unable to infect human cells.
2014: CDC accidentally exposes workers to Anthrax; ships deadly flu virus. NIH finds 50-year old forgotten vials of smallpox. Obama Administration halts Gain-of-Function Research
* Yang Y…Baric RS, et al. Receptor usage and cell entry of bat coronavirus HKU4 provide insight into bat-to-human transmission of MERS coronavirus. PNAS 2014;111(34):12516-12521. Funded with NIH grants RO1AI089728 &
2015: Dr. Zhengli et al “re-engineered HKU4 spike aiming to build its capacity to infect human cells.” “To this end, we introduced two single mutations…mutations in these motifs in coronavirus spikes have demonstrated dramatic effects on viral entry into human cells.”
Baric and Zhengli announce they can make a more dangerous, virulent and infectious virus.
2017: Gain-of-Function Research Ban Lifted
2018: Zhengli presents research at Shanghai Jiao Tong University on 14 Nov. 2018 entitled “Studies on Bat Coronavirus and its cross-species infection.”
This presentation has since been deleted from the University website.
2019: Summer deletion of Wuhan Institute of Virology Corona Virus data bank.
December 31 Wuhan Municipal Health Commission report** discussing COVID-19 pneumonia – deleted. * “
https://21a86421-c3e0-461b-83c2-cfe4628dfadc.filesusr.com/ugd/659775_6f632cc8d75d4d8c8b90cc749262f4b4.pdf
postkey, thanks for that timeline. I meant “quashed” for public consumption in the MSM sphere.
🙂
Israel has ordered mask use indoors again after 50% of those infected with the Delta variant were fully vaccinated. It means that you are more likely to get infected if you are fully vaccinated. Although you will not end up in a hospital with tubes down your throat if you are fully vaccinated.
Looks like a few folks out in London – see the chopper video
https://off-guardian.org/2021/06/26/discuss-latest-anti-lockdown-protests-hit-london/
Again – you can march around the block for a year chanting koombaya… and you will be ignored…
Pick up a gun and you’ll be shot….
Burn the city down… and you’ll get martial law… which is basically lockdown…. and you run the risk of tipping over the CEP and precipitating Ripping Off of Faces….
The Elders will remain very firm with their response should things get … out of hand.
Dennis L
https://pbs.twimg.com/media/E40YEKTXwAcNDDr?format=jpg&name=medium
Cute!
He truly believes all the advertisements SpaceX releases. He is a true believer and I only reply to him just to try to show others the gaps of his argument.
Perhaps some thoughts going forward and how they might impact our personal lives. This regarding the British Military’s forward looking into social and societal trends.
Thinking of Musk, going to Mars, upsetting the automobile world, ability to hire the best and brightest, perhaps worth a read.
https://medium.com/discourse/the-british-militarys-dark-vision-of-the-future-2155f67a9b71
For the individual, seems it is a good idea to marry a good woman if a man and have money; well, having money is generally the way to get a good woman, they are choosy. For those in the know, it is the lobster problem again, Jordan Peterson.
Dennis L.
I will skip on the future trends.
A lot of people now choose not marry and save the trouble of future marriage breakups. Finding a good spouse to marry is like trying to dig the bird in the pony shit story you had told; it might be done, but it is a dirty job and most people just choose not to do it since that is more trouble than it is worth.
People expect a lot more than they used to. I remember asking my mom (married in the mid-1950s) why she didn’t divorce my (in retrospect only occasionally overbearing) dad, and she said, “He doesn’t drink, he doesn’t gamble, and he doesn’t run around with other women.” In other words, a keeper!
At that time wives could not sue and take half of the husband’s property. With marriage potentially a very huge detriment against a man’s fortune , a man is much more choosing than before.
That makes sense. I’m not sure what the answer is, because when divorce was harder, a lot of women were trapped in abusive situations and would have no means of support if they were to leave the marriage. That would certainly tend to make them more choosy (if they were the ones doing the choosing).
The 1950s was still somewhat the age of “suitors” and the potential husband having to approach the woman’s father for approval, as well.
In Texas, a woman was not allowed to even have her own bank account as late as the 1960s. It would have to be co-signed by a father or husband.
What is clear is that family formation and stability is being dis-incentivized on a variety of levels, and that’s not very good for society/civilization. Likely that’s just part of the emerging de-growth process beyond our control.
There might be a retrenchment, though, and a reversion to less-individualistic ideas of marriage. Arranged marriages might gain favor again, with families and the whole community essentially “vetting” the match. There are definitely some marriages where I would have liked to avail myself of the “speak now, or forever hold your peace” clause.
Quite so, Lidia.
‘I want a man like Putin! He won’t get drunk, he won’t beat me!’
I’ve fished out some old sketches of the Val d’Orcia and am painting them up in oils, thanks for reminding me of its beauty.
If you are nostalgic for Italy, there’s a lovely video on YT of La Foce; and an even better long one on La Ninfa which I had hoped to visit one day, too.
Totally insane in Navarra, the part of N. Spain I was going to move to.
35,000 school kids self-isolating!
And still no one rebels……
I would love to see some of your work, Xabier. Can’t do it today, but maybe later on this week I will put up a Flickr page with some images I captured from the area.
Thanks, Lidia I’ll look out for it. It’s an interesting landscape.
I’m working on paintings of Maggiore, Como, Garda, Rome, too. Takes one’s mind off Neo-Fascist jabbed-up ‘strong’ Britain……….
If I get an exhibition in London I’ll post the details here, for general amusement.
Putin left his first wife for a gymnast famous for being “the most flexible woman in the world.”
Maybe something lighter,
Solar cells may not be a panacea; I have several offers to cover my land with the things and get paid 5x or so normal rent. So, what happens when they fail?
Apparently HBR had reviewed the issue and disposal costs are not trivial. If landfills are full, one could be stuck with a toxic waste site. A field with crops is a solar collector, works for me.
https://michaelshellenberger.substack.com/p/why-everything-they-said-about-solar
Dennis L.
The article you link to says:
This is a link to the Harvard Business Review article.
https://hbr.org/2021/06/the-dark-side-of-solar-power
The Dark Side of Solar Power
The article argues that it is necessary to build a cost into solar panels that would pay for recycling of solar panels, even if they are turned in early. Furthermore, the recycling machinery needs to all be built before it is needed. Without incentives, there is no point in recycling the solar panels. They will just be placed in landfills to pollute the lands.
I am certain that EROEI calculations for solar panels does not include end of life cycle costs. It assumes these are zero. This is one of several reasons the EROEI estimates are misleading.
also, the article concludes that it is all important for the future of the world that the solar industry will have to enter “the circular economy”. These intellectuals-yet-iddiots have no clue that the energy inputs to manufacture solar panels are not recyclable. Oh are they in for a rude awakening in the near future.
C’mon man, we CAN do the Recyclable Energy Donut!
Epitaph of our civilisation?
‘1760- 2040: Sank Under the Weight of its own Trash’
RIP 4th Industrial Revolution.
Aufwiedersehen, Klaus baby!
Hmmm….
Do oil fields or automobiles or coal fired power plants include an ‘end of life cycle cost’ built into their purchase price?
Perhaps solar ‘end of life’ recycle costs should be left out of the equation in order to allow a proper comparison to current energy sources?
All costs should be counted; that is a fundamental axiom of economics. End of cycle costs are substantial, e. g. for nuclear energy. For more on counting all costs, including externalities, see my economics textbook, “Economics: Making Good Choices” available used on amazon.
Well,
“When it’s impossible to know if the person sitting next to you on a plane or in a restaurant is vaccinated or a Trump-humper who’s trusting in Jesus or hydroxychloraquine, many people are still reluctant to dine out, vacation, or go shopping the way we did before the pandemic.”
I kinda sliding toward our rightwing friends direction—-
Might be best to let the unvaccinated just be eliminated from the gene pool, and have our species get a bit smarter.
The question is:
Is smarter better?
You can feel as smart as you like Duncan, you’re still going over the cliff with the rest of us!
Sleep well knowing you’re smarter than the average bear?
What makes you think the unvaxxed will go before the vaxxed?
What are the long term studies on the effect of mRNA gene therapy, please link so that I can read them.
hey, Dunc, do you still have friends/insiders who are in the field of virology? Curious, it looks like Fauci Baric Daszak and Kristian Anderson were the principals behind the lab-altered bat virus with the intention of gain of function, which was successful and escaped the Wuhan lab, intentional or unintentional. Who do your friends say was largely responsibe for this deadly research?
Well–
https://i2.wp.com/digbysblog.net/wp-content/uploads/2021/06/8232602417_6434947138_c.jpg?w=542&ssl=1
You don’t have a clue, my uneducated friend
your cartoon reply means I won that round. You are such a disappointment. You used to be a 60s radical but now you are a conformist sheep, my bluffing friend.
15,472 Dead 1.5 Million Injured (50% Serious) Reported in European Union’s Database of Adverse Drug Reactions for COVID-19 Shots
https://www.globalresearch.ca/15472-dead-1-5-million-injured-50-serious-reported-european-union-database-adverse-drug-reactions-covid-19-shots/5748346
hahahaha More Dead CovIDIOTS!
It’s not a database of adverse reactions but of suspected adverse reactions (see my earlier comment).
Hopefully before the CEP plays out… the Trumpsters with all those guns… will get a brief window to hunt down as many liberals as possible … and get some payback.
What better outcome than to know they have overrun the HQs of CNN and the NYT and opened fire
Now that would be fantastic!
Duncan, I think you have a problem with the definition of “smart”, if it includes letting the gov. jab you with an experimental gene therapy not even tested on animals (except the earlier rounds where the animals all died).
Try again.
I’m personally tickled pink that these so-called “smart” people are going to shut down their lives all on their own now, keep wearing masks, and never go out DESPITE having potentially irrevocably altered the one true precious thing they have, their bodily autonomy and integrity.
Just think, I could be next to you in line at the grocery!
BOO!
“As is often the case, the truth is not as attractive or as immediately desirable as the lies—“
Is this truth attractive?
15,472 Dead 1.5 Million Injured (50% Serious) Reported in European Union’s Database of Adverse Drug Reactions for COVID-19 Shots
https://www.globalresearch.ca/15472-dead-1-5-million-injured-50-serious-reported-european-union-database-adverse-drug-reactions-covid-19-shots/5748346
Or do get turned on by lies?
All three vaccines authorized for emergency use by the Food and Drug Administration (FDA) have been thoroughly tested and found to be safe and effective in preventing severe COVID-19. They continue to undergo continuous and intense safety monitoring.
https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/is-the-covid19-vaccine-safe
Lidia thank you for you extremely well reasoned comment!
If the reports of VAX shedding are true its the Non GMO humans in line that are at risk however.
Could it be if VAX can be spread in person to person proximity without injection that the reason for restrictions being relaxed is to increase overall populations exposure to VAX?
What about the people that have had covid and still have antibodies? Are you saying that they should get vaccinated. I believe that nature is much better than man made products when it comes to health….why do you think there are no studies on natural antibodies against covid….seems very strange to me….
If I told you 20 years ago to take a pill so that you won’t get the FLU that you just had would you have done it?
The Deputy Secretary of Defense has now ordered everybody to report UFO encounters. Pilots that reported an eyewitness UFO encounter could have ruin their career due to presumed psychological instability before. The thing that has changed is that sensors on the jets have evolved and are now picking up these objects. The stigma is gone due to technological advancements.
https://www.theblackvault.com/documentarchive/unidentified-aerial-phenomena-assessments-memo-issued-after-report-release/amp/?__twitter_impression=true
Pilots can now point to some corroborating evidence.
Just like us, Gail.
They call us Doomer nuts: but it is simply that our senses were superior. and now the corroborating evidence is pouring in…..
The entire human experience since around 1800 can be summarized into one sentence: “To prove Malthus is wrong”.
Unfortunately for the cornucopians, who think some god, man or mollusk will save humanity, the limit is around and they are getting quite unhinged.
The Great Reset was an attempt to streamline the wastes and buy more time, and it basically failed although some aspects are going on.
If all these famed advances were to last, they should have reached the goals advertised by the year 2000. That’s right, 2, 0, 0, 0 .
Whatever being now is too little, too late. Like Archimedes, probably the best engineering mind of the ancient world but was pierced by an illiterate Roman soldier. (At that time Rome was quite uncivilized; Rome only became ‘cultured’ around the 1st century bc)
It is too late. All these advertised results, all these mythical ‘whiz kids’ being paid peanuts, won’t save the ship. It might save a few for a few generations, but won’t really make a huge difference in the long run.
Do you have links saying that the Great Reset was to have reached its goals by 2000?
I think the point might be that the extravagant predictions about AI, robotics, etc, are just not materialising on cue, and will not have the transformative and salvational effect predicted.
Look at old Elon videos on autonomous vehicles, etc, for instance. ‘In the next two years’ proved to be utter nonsense. but his audience lapped it up, and still do.
Reiner Fuellmich, the layer investigating Covid, on the other hand, feels that the Great Re-set was meant for about 2040, but has been rapidly accelerated for some reason.
He says corporate ‘greed’ is the motive, but I don’t feel that he is quite au fait with the urgent energy crisis – hardly anyone is.
A short travelogue:
I stopped reading and writing comments for the last weeks. I am trying to enjoy the time we have.
I am still planning an international trip so we had to get to California for a visa.
While the airports and airplanes are insane – with constant reminders about the muzzle and even double or triple masked people – LA was actually quite relaxed. Stores didn’t require masks, in the theme parks there is no distancing and less than half masked and the hotel had the pool open.
Contrast that with other western states where I was told in an asian store that they don’t care about the CDC – they are a private property and will enforce mask wearing. I remember long time ago when liberals were fighting for the rights of gay people to get a cake from a religious baker. It seems now all the democrats/liberals are for the rights of the corporations. I wouldn’t be surprised if they require a hijab soon.
I think that the gulf between the Elois and Morlocks is growing larger every day. In the end the Elois will be cannon fodder (or worse) but in the meantime they own all the imaginary wealth as well as massmedia, the government and the army.
I read some links about the NATO exercise in the Black Sea. Any more info about it? I don’t expect a “hot” war but a manufactured incident could be used as an excuse to close Europe down for a long time.
Overseas travel?
Worth reading https://www.nzherald.co.nz/nz/covid-19-coronavirus-travel-bubble-ban-surprises-michael-baker-outrages-some-travellers/EWKRBK6YAVJPGY3X2TISYZWX2I/
hey Nomadic, they literally tested the waters off Crimea by sending in a British ship which was driven back by a Russian plane bombing the water ahead of the ship. So that gave NATO some info as to what response Russia will muster if next weeks NATO exercise sails into Crimean waters. I think the USA might want an “incident” to show how tough (cough cough) Dementiacrat Joe is. We know the US coup leadership who were behind the 2014 Ukranian illegal coup are now behind our Puppet In Chief. It won’t be WW3, but yes it could be an incident. We’ll see soon enough.
David,
I am thinking along the same lines. Biden has been a joke in the meeting with Putin but now he has a chance of showing up tough (think Bush on a carrier with a banner behind him “mission accomplished”).
Unfortunately, eastern Europe are the pawns in this game so they might end up like Yugoslavia or Ukraine.
Can I appeal to our lords and masters and ask that they leave Eastern Europe alone? They already bought all the bs you sold and they are ready to die fighting the Russians – why not give them a break? You can kill them later with the next jab, just give me this summer!
Fast Eddy,
I have read the article you linked but I have to say proudly that the former communist countries in Europe are smarter than NZ or Australia!
While your countrymen have turned into good Germans, most of the poor people in Eastern Europe have not yet taken the jab and might still survive.
Remember these are the same people that survived the Roman empire, the migratory peoples and horrible empires (Bulgarian, Ottoman, Russian, Austro-Hungarian etc).
Call me naive but I still have hope for them. Yes, I know the CEP will take care of that. But to quote an old saying: is better to die on your feet than to live on your knees.
Good points, Nomadic: wise to have fun.
I just let work tick over, and spend as much time doing pleasant, healthy, things as possible.
I mean, there is no pension to save for……
There is some amusement in seeing how much the ‘liberals’ just love the corporate Bio-MIC-tyranny.
Completely free in New York State except for hospitals were masks must be worn. What is wrong with the four eyes?
yes, the northeast USA appears to be wide open free. I don’t recall hearing about any lockdowns anywhere in the USA lately. True? Is this a calm before the storm? Or are multiple CTs falling apart before our very eyes? We want ANSWERS!
Deaths outnumbered births in UK in 2020 for only the second time since the 1890s. The fertility rate has collapsed from 2.93 in 1964 to 1.58 in 2020, and to 1.53 in Q1 2021, which is in line with the recent downward trend.
Contraception was made available on the NHS for all women in 1967, and abortion was legalised in 1968. Since then, there have been 9.5 M abortions in Britain; abortions are now at records levels of ~220,000 per year, and 25% of all pregnancies end in abortion. Abortion pills are now available by phone.
A similar number of migrants are resident in the UK (9.5 M) as abortions have been done, and they have ‘propped up’ the birth rate. The overall fertility rate in 2019 was 1.65 children per woman – 1.97 children for non-UK-born women, and 1.57 for UK born women. Around 40% of kids are now of other backgrounds.
A survey in May found that most Brits simply did not have sex last year; 40% of Brits are single, and 40% of couples had no sex; couples rate their sexual experiences at 2.9 out of 10. An Ofcom study in June found that most Brits, especially men, use internet porn sites for their sexual release. PornHub has a bigger UK audience than the BBC; 75% of young Brit men use the site, and a third of young women.
> UK deaths outnumber births for first time in 40 years
Last year more deaths than births were registered in the UK for the first time since 1976. In total, just over 683,000 births were registered compared with nearly 690,000 deaths. This was only the second time deaths have outnumbered births since the late 1890s. The coronavirus epidemic led to a sharp rise in deaths last year but birth rates have also been falling for the last decade.
In 2012, the total fertility rate was 1.92 – close to the level where a population replaces itself. In just eight years that has fallen below 1.6, much closer now to societies considered to be “ageing” such as Germany and Japan.
The Office for National Statistics says this is because we are having children later in life and fewer of them. This trend has been happening for decades but it wasn’t apparent in the noughties as another trend was masking it. Back then, younger migrants tended to have more children than UK-born mothers and so they propped up British birth rates. But this is no longer the case and birth rates have been falling since 2011, feeding through into a lower total number of births by the middle of the decade.
The last time deaths outnumbered births was in 1976. But the biggest reason for the sharp change was the widespread availability of contraception and the legalisation of abortion in the UK in the late 60s.
https://www.bbc.co.uk/news/uk-57600757
In the US, there were 3.60 million births and 3.36 million deaths, so births outnumbered deaths.
In the Japan, there were 841,000 births and 1,385,000 deaths, in 2020. There were actually fewer deaths in 2020 than in 2019. More people died in a single month from suicide than all 2020 for COVID-19, according to one report. Births are down for five straight years.
In Norway, there were 52,979 births. Births have been falling for many years. The number of deaths was 40,612. The number of deaths has generally been trending downward, including in 2020.
The pattern seems to vary a lot. Norway and Japan have both had a trivial number of COVID-19 deaths. Both seem to get vitamin D from cod liver oil/fatty fish.
This pharmacist is revealing a lot about what’s been going on regarding the jabs in the US.
For instance, did you know that last year pharmacies across the US were recruiting pharmacists to go to care homes to inject the residents, and they were offering to pay as much as US$7,500 per week.
She talks about the data collection protocol that is used with the jabs. For instance, in the US, the administrator of the the injections needs to enter the race and the ethnicity (“There’s Latino, and everything else.”) of each individual vaxee. “Now, why would you need to know somebody’s race to give them a flu shot? You don’t!”
She points out that the Covid-19 injectables, unlike all other drugs for emergency use, have NEITHER an FDA indication NOR a package insert. “These are the only things that do not.”
She says she was initially skeptical about the issue of viral shedding by Covid-19 vaxees, but after hearing from people who have become seriously ill after being around family members, she now accepts that the phenomenon is real, and she goes as far as to speculate that the mRNA gene therapies may be “spontaneously immunizing” (I’m not sure if that’s the phrase she used) people who were not injected. This means once a certain number of us a jabbed, the rest of us are bound to pick up some of the active components of those jabs unless we live like hermits. Shades of Devil Covid?
She also goes on to speculate about how “the merchants of Babylon” are motivating poor and medium-income countries to “play by their rules” in accepting imported gene therapy injectables and she notes there have been a lot of fires and explosions at pharmaceutical plants in India and China over the past year.
Plus lots, lots more. It’s good to get an insider’s perspective and I found her well worth listening to for the full hour. She’s obviously very intelligent, very principled, and very concerned, but at the same time she’s now out of work, under a lot of stress and bubbling with emotion.
https://www.bitchute.com/video/5mfzioEqPLAu/
I really don’t want to go there, but it is getting difficult to deny that some form of depopulation agenda is underway, and it looks like even the compassionate extinction plan is not beyond the bounds of possibility. Of course, the CEP would would be very unlikely to be announced on the BBC or CNN.
That’s because, dear Tim, Trusted Providers like the BBC only announce the Truth.
It’s well known.
Now, let’s end on a high note, 1,2,3:
‘Strong Britain, Great nation! Strong Britain, Great nation! La la la la la…..’
The Tories have attempted to impose singing of this song on all UK schools, including those in the devolved countries. It is like something from CCP or [pick another]. It is about state loyalty, they push the British Army, monarchy etc. When did Britain get so openly corny?
‘Hey, teacher, leave those kids alone! All in all your just another brick in the wall.’
but where are the gay and trans Britons?
They should have had a drag story teller conducting it, it would have been hilarious.
Gay Britain, Trans Britain, hereditary dictatorship la la la
PS At least Mussolini had a stirring anthem, and Franco.
“… some form of depopulation agenda is underway…” Now I would like to see some form of depopulation data. The waiting is the hardest part.
There is no evidence of any population decline in UK. It was slightly down in 2020 as EU citizens went home during the lockdowns, but it will be up again in 2021 as more come here.
> The current population of U.K. in 2021 is 68,207,116, a 0.47% increase from 2020. The population of U.K. in 2020 was 67,886,011, a 0.53% increase from 2019. The population of U.K. in 2019 was 67,530,172, a 0.58% increase from 2018. The population of U.K. in 2018 was 67,141,684, a 0.62% increase from 2017.
David, before we see that data, we’ll have to give the injections time to do their work. Agenda’s are not necessarily realized overnight. For instance, I am a self-made man, but it took me decades to build myself up from nothing to the state of extreme poverty I enjoy today.
Bravo, Tim.
And let’s not forget your successful second career as a life coach, sharing the hard-won knowledge of the path to simply astonishing under-achievement.
This is a fantastic example of how it is so easy to control Goy using money…
They will even inject other Goy including children … with an experimental vaccine.
Hahahaha… most of them would continue to do it even if half of them died hahahaahhaha…
https://youtu.be/KFf1292hpt4
Few reach what appears to be a fairly obvious conclusion … but then they would not acknowledge peak oil so they cannot reach the obvious conclusion…
They would ask ‘why would our leaders want to kill all of us’
The PR Team has drilled Solar Panels and EV’s into their thick skulls….so they believe in a bright and cheery future.
Cardano crypto is now at 1.25 after being recommended by Frank at 1.91.
Since I believe Bitcoin is going to 10000 before a possible long term upswing, Cardano will be at about 0.25.
1.91 –> 0.25…HAHAHA. “Buy Buy Buy all the way down!”.
It’s your own decision to be affected by price changes Lion; that’s no reflection on the future value of the blockchain!
anything that relies on electricity has no future value
Electricity will continue to be available for quite some time. If it’s a distributed system like a blockchain, then it won’t be at risk of loss unless power is out everywhere.
That gives it maybe 5-10 years 🙂
You mean Block Head right.
See how humans believe just about anything … no matter how absurd…. the key is to throw together some really appealing catch phrases… block chain… self driving… AI…. and so on…
https://www.pandasecurity.com/en/mediacenter/src/uploads/2018/12/CAPCHA-computer.png
Have we reached a point where it is possible to convince an I di ot that buying high and selling low is highly profitable?
I suspect we have… with those who believe AI can drive a car safely 🙂
https://tcsuccess.com/wp-content/uploads/2013/12/captcha01.png
Hello again Mike, I had a quick look at both your post April 2020 links. Both from the Lancet, who, let’s be honest, have not done their own reputation much good during the last year or so.
Only read the first one and found it rather desperate to come to a predetermined conclusion like all the post April 2020 “science” on this subject.
Moderate and low certainty doesn’t convince.
“Our search identified 172 observational studies across 16 countries and six continents, with no randomised controlled trials and 44 relevant comparative studies in health-care and non-health-care settings (n=25 697 patients). Transmission of viruses was lower with physical distancing of 1 m or more, compared with a distance of less than 1 m (n=10 736, pooled adjusted odds ratio [aOR] 0·18, 95% CI 0·09 to 0·38; risk difference [RD] −10·2%, 95% CI −11·5 to −7·5; moderate certainty); protection was increased as distance was lengthened (change in relative risk [RR] 2·02 per m; pinteraction=0·041; moderate certainty). Face mask use could result in a large reduction in risk of infection (n=2647; aOR 0·15, 95% CI 0·07 to 0·34, RD −14·3%, −15·9 to −10·7; low certainty), with stronger associations with N95 or similar respirators compared with disposable surgical masks or similar (eg, reusable 12–16-layer cotton masks; pinteraction=0·090; posterior probability >95%, low certainty). Eye protection also was associated with less infection (n=3713; aOR 0·22, 95% CI 0·12 to 0·39, RD −10·6%, 95% CI −12·5 to −7·7; low certainty). Unadjusted studies and subgroup and sensitivity analyses showed similar findings”
I doubt we will ever agree on this but do have a read of the Ritter paper and if it peeks your interest there are many more from a wide selection of different countries, that all come to the same conclusion.
It would be good to see a paper that looks both at the claimed benefits and compares directly with potential harms.
Killing 10 young to save 1 old would surely be insane, so it’s important to look at the damage done for something that appears to me at least, to have no scientific foundation.
If say, telling healthy people to lock themselves up and then bombarding them with fear caused a single hospital, in a single month, to see a 1493% rise in abusive head trauma to babies, I’d start to wonder about the sanity of those promoting this whole thing.
http://dx.doi.org/10.1136/archdischild-2020-319872
What risk of cancer would people be willing to gamble with by donning a mask might be a good question, but I haven’t seen it asked.
https://markcrispinmiller.com/2020/10/that-mask-is-giving-you-lung-cancer/
What is the true effect of shutting the economy down, over say the next 5 years and how does that really effect QALY
There are so many harms being caused for what looks like no benefit. Why is no one in the media asking the obvious questions.
This was reply to Mike on the previous page.
Sorry it ended up here Mike.
Highly dubious benefits of lock-downs, but they are, as we have seen, 100% certain to crash whole sectors, kill those deprived of treatment, increase the suicide rate, etc.
Not to mention the suspension of civil and human rights, which should not be tolerated in any except the gravest crises, which we know this is not.
Simply not worth it from any angle. Unless the above are the real aims…..
Dear Fast Eddy,
Ah, NZ! They are fascinating. I am sure they will manage to stamp out the virus. And then they will have to have a 2-week quarantine for anyone who enters the country for the next 30 years or so. Will do wonders to tourism.
Now I’m off to bed. I just had a Zoom interview with Sky Australia and time here is 3 am.
Be good,
Johan Giesecke
Hopefully, NZ will begin to transition away from (international) tourism as a main part of the economy. Tourism accelerates the damage we do to this planet.
Mike, sounds like you are giving credence to the likelihood this is all planned, then…
Everyone … load onto Fast Eddy’s CEP Train… plenty of room….
Prior to the COVID-19 pandemic, tourism made a huge contribution to the New Zealand economy: Total annual tourism expenditure was $41.9 billion – $115 million per day. Annual international tourism expenditure was $17.5 billion – $48 million per day.
https://www.tia.org.nz/about-the-industry/quick-facts-and-figures/
Transition to what Mike?
Try banging on your tambourine and singing Imagine followed by Koombaya… I’m sure you’ll come up with something really interesting….
It’s obvious, FE: genetic experiments on ‘sheep’.
The new, exciting growth sector.
The unclassified UFO report stated that out of 144 cases only one case was identified and the rest were Unidentified Flying Objects.
The classified report included 70 pages and 14 videos.
From someone in NSA “What we had was 40 mins of science fiction movies. We were all gob smacked”
So now all of us should believe in UFOs?
They’re called Unidentified Aerial Phenomena (UAPs) now. That’s because we can’t assume they are “objects” that are “flying.” Anyway, yes, we should definitely believe in UAPs. People have seen them! The real question is whether any of them are alien spacecraft (or time machines, or some other woo thing). The government seems not to have any idea what to make of it all.
I will be the FE of UFO/UAPs. They are not aliens. They are not sub sea creatures.
They can be the major powers playing games with each others radar via electromagnetic wave projections. Standard physics and high technology engineering. Maybe also projections into enemy IR cameras.
Reagan’s briefing, circa March 1981. Details have been corroborated by others with validated backgrounds in AFOSI and the US Exceutive Service:
http://info-quest.org/documents/truthufonondisclosure.html
Invented dialogue:
– ey, we have big problems, people are smelling something is missing with Covid story, they are also starting to have some doubts about vaccines, then we are in the middle of a huge debt bubble, we are also running out of oil and many raw materials are becoming scarcer… do you have any suggestion?
– have you already brough up that old rubbish?
– What?
– the UFO story! they will go nuts for a while.
Conceited dismissal of the UFO/UAP issue doesn’t really work any more given the USG has explicitly acknowledged that the sightings display flight characteristics impossible according to our known physics.
As I’ve said, look into this a bit more, and there are distinct commonalaties. Perhaps the truth is stranger than we imagine?
Keep flexible.
It could be full of UFO out there, in the universe.
But one has also to realize when people are trying to distract you.
Agreed, but you don’t see me making a big deal out of this report.
They’re not, though. Both the media and public response has been restrained, and not even very interested.
There is a 9 page unclassified report available and it certainly worth the read
UFOs are like covid … they magically appear … just when the economy was about to collapse the CEP was rolled out…
Isn’t it amazing that they take the shape and form of what we were fed in scifi movies?
Isn’t it amazing that these beings… which are infinitely more advanced than us….. choose to hover in their space ships just over the horizon… and they’ve never landed nor made contact with us….
Isn’t it amazing that they’ve no Mars Attacks us…
Nope — they just hover over the horizon in their disc-shaped ships… and observe us…
Isn’t it amazing how billions of MOREonic humans … behave as they are expected when CNN tells them there are UFOS hahaha
https://youtu.be/5lxOJsJKTlE
On another issue… remember how I was saying I had mates in town who are in hospitality… and there were extreme difficulties with the visa situation here ….
And how I said — ski season is about to start and already many businesses are short of staff… so why would Ardern (donkey faced snowflake) not make it easier to hire …. I suggested the government might know something….
And less than a week later:
“As soon as they announced the transtasman bubble me and my mother, originally from Australia, booked flights to come back and see our family.
“We left on Sunday and were hopeful after weeks of no lockdown in Australia. Almost as soon as we arrived in Brisbane, Sydney went into lockdown and all the states closed their borders to Sydney.”
She then travelled to Canberra and was planning on flying yesterday, when travel to New Zealand was totally suspended.
“We had planned to travel through Sydney to go back to New Zealand as we could not get a direct flight from Canberra.”
She said Air New Zealand was forced to cancel her flights.
“Meanwhile, only two new cases had appeared outside of the managed Sydney cluster, one in the existing Melbourne cluster and one in the north.
“Me and my mother are both fully vaccinated and have not even been in the same states as any cases, yet if we were to travel back to New Zealand we would have to go into MIQ for two weeks and spend however many thousands to pay for it.”
https://www.nzherald.co.nz/nz/covid-19-coronavirus-travel-bubble-ban-surprises-michael-baker-outrages-some-travellers/EWKRBK6YAVJPGY3X2TISYZWX2I/
Remember the Aussie PM was in QT a few weeks ago meeting Horse Face…. do ya think that maybe they discussed the upcoming closer of the travel bubble … just in time for the ski season????
And they shut it down with literally a few hours notice… so if you are up there in Dundee country… you are SOL (sh it outta luck)…
‘We want to severely limit travel – we are running out of petrol’
Australia and New Zealand seem to be the cat playing with the mice for fun.
BOOM! a mate of mine is a hotel GM and he said weeks ago — if this bubble gets cancelled this will break the backs of many businesses in Queenstown – the despair will be massive …
https://www.rnz.co.nz/news/national/445605/quarantine-free-travel-with-australia-paused-for-three-days
BOOM Sydney in lockdown just as school holidays start – what a coincidence.
“Brace for the Next Crisis.
“Rob Subbaraman at Nomura [argues] that record-low interest rates and asset purchases by central banks risk leaving the world ripe for debt-fueled asset-price booms that at some point will unwind, perhaps abruptly.”
https://www.bloomberg.com/news/newsletters/2021-06-24/what-s-happening-in-the-world-economy-bracing-for-the-next-financial-crisis
“Fed’s Rosengren says financial stability risks could interfere with labor recovery.
“A buildup of financial stability risks linked to a low interest rate environment could lead to another downturn that interrupts the labor market recovery and impedes a return to maximum employment, Boston Federal Reserve Bank President Eric Rosengren said on Friday.”
https://www.reuters.com/business/feds-rosengren-says-financial-stability-risks-could-interfere-with-labor-2021-06-25/
It seems like a lot of different things could lead to a crisis. For example, if the dollar starts falling rapidly relative to other currencies, the price of oil and other commodities could rise, leading to higher-cost food and other goods that the poor disproportionately buy.
Or there could be a huge crisis in the derivatives markets, and relativities in currencies change rapidly. This could be a problem for banks dealing in derivatives.
Or there could be a problem in getting physical goods transferred around the world, with all of problems with getting containers shipped to where they are needed.
Stores will probably come around to something a little like the following:
– Close large main buildings to the public and use them to pile up inventory long term. Then work with govt and other agencies to notify relevant county publics of what’s inventoried so they can order by mail, phone or other media what’s in stock.
– Store-owned trucks will deliver, but that will entail only a fraction of the usual traffic.
But they’ll figure it out a little too late and too little proactivity to avoid a lot of preventable hardship, chaos and suffering.
https://i.redd.it/t8b8tcvxwa771.png
https://i.redd.it/a7bhns2p40771.jpg
https://off-guardian.org/2021/06/23/watch-a-brief-history-of-hopium/
“Central Banks Did it, Won’t Admit it. Top OECD Housing Bubbles: #1 New Zealand, #2 Canada, #7 USA.
“It is just so much fun to watch central banks denying that there are housing bubbles, and even if there were housing bubbles, denying that they could be seen, and even if they could be seen, denying that monetary policies are responsible for them, and even if monetary policies are responsible for them, denying that monetary policies could be used to deflate them or prevent them in the first place.”
https://wolfstreet.com/2021/06/24/central-banks-did-it-wont-admit-it-top-oecd-housing-bubbles-are-1-new-zealand-2-canada-7-usa/
“Denmark’s Top Central Banker Warns of a 2008-Style Housing Bust…
“After almost a decade of negative interest rates in Denmark — a world record — the country’s housing market now appears to have reached a tipping point, Lars Rohde said in an interview…”
https://www.bloomberg.com/news/articles/2021-06-23/denmark-s-top-central-banker-warns-of-a-2008-style-housing-bust
Housing prices are indeed just crazy now. The number of people buying is already slowing down. This can’t last.
“Unsung heroes of global trade: Merchant ship crews still stuck at sea amid pandemic.
“More than 15 months into the coronavirus pandemic, tens of thousands of seafarers vital to the global shipping industry remain stranded at sea or in ports, unable to leave their ships or get to new assignments due to global travel restrictions.”
https://economictimes.indiatimes.com/small-biz/trade/exports/insights/unsung-heroes-of-global-trade-merchant-ship-crews-still-stuck-at-sea-amid-pandemic/articleshow/83864704.cms
“Shipping delays from China and record-breaking sales from last year are having an impact on fireworks supplies this Fourth of July, according to industry experts.”
https://apnews.com/article/sd-state-wire-health-coronavirus-pandemic-lifestyle-2dcd5fd343bac1792a030ca168085d0c
Oh, boo hoo!
I imagine there’s going to be a sailor shortage for merchant shipping worse than the trucker shortage. Going to prison might be preferable because at least you know when your sentence will end and there’s a recreation yard. International air travel is still allowed for the most part but sailors get stranded for months? Think it would be easy to test all the crew and give them the all clear if the tests even work. Makes little sense unless the plan is to cause as much disruption as possible. I’ll toast to these sailors tonight when I cross state lines to meet friends at a dance club/bar in CT. Going to live it up and have as much fun this summer as possible because everything can be closed up again on short notice.
What a mess!
“How Covid fuels debt crisis among global have-nots.
“We predict that the combination of higher debt burdens and public anger about the government response to the health crisis means that political instability could rise in at least 88 nations.”
https://www.maplecroft.com/insights/maplecroft-in-the-media/bloomberg-how-covid-fuels-debt-crisis-among-global-have-nots/
“Colombia’s President Survives Attack On Helicopter Amid Nationwide Protests.
“A helicopter carrying Colombian President Iván Duque and several other government officials was shot at on Friday, the president announced on Twitter, as he grapples with widespread anti-government protests and clashes between the military and rebel forces.”
https://www.forbes.com/sites/joewalsh/2021/06/25/colombias-president-survives-attack-on-helicopter-amid-nationwide-protests/?sh=66a5fba75f0d
“Algeria’s prime minister resigns… Djerad’s resignation follows a parliamentary election on June 12 that was marked by a low turnout and no majority winner after two years of mass protests and political turmoil…
“A new government will have to tackle a deep financial and economic crisis due to a fall in oil prices.”
https://www.reuters.com/world/africa/algerias-prime-minister-resigns-state-tv-2021-06-24/
“‘Prayuth, get out’: Thai protesters rally to mark 1932 revolution.
“Pro-democracy protesters in Thailand have rallied to mark the 89th anniversary of the Siamese Revolution, a bloodless coup that brought an end to the country’s absolute monarchy and ushered in constitutional rule.”
https://www.aljazeera.com/news/2021/6/24/prayuth-get-out-thai-protesters-rally-to-mark-1932-revolution
Or rather, a series of constitutions punctuated by military coups.
The debt burdens of these many poor countries likely won’t be eased by much either. According to the article:
So China takes over all the poor countries?
“Australia records historic population slump amid calls to reboot migration.
“Australia has recorded its lowest population growth in more than a century after a sudden curb on migration during the Covid-19 pandemic prompted a demographic slump.”
https://www.straitstimes.com/asia/australianz/australia-records-historic-population-slump-amid-calls-to-reboot-migration
“Sydney broadens COVID lockdown amid surge in Delta variant.
“More than five million people across the city are subjected to movement restrictions as authorities battle to contain the spike.”
https://www.aljazeera.com/news/2021/6/26/sydneys-covid-19-cases-grow-as-more-restrictions-loom
“China has lodged a fresh complaint over trade tariffs that Australia implemented in 2014 and 2015, in a fresh blow to the already-fraught tensions between the two nations…
“Chinese Commerce Ministry spokesperson Gao Feng accused Canberra of derailing the economic relationship.”
https://au.finance.yahoo.com/news/china-retaliation-wto-012234643.html
If they don’t rebel now, they deserve whatever happens to them.
A whole city of 5 million locked-down for nothing!
I’ve declared myself a constitutional aristocratic Republic, of one. Plus the dog. Designing the flag is fun.
I just haven’t told Queen Liz yet. She will find out in due course.
Liz will have to have you over for tea as a peer.
I am sure that there are some people from Central Africa who would like to move to Australia.
Listen to the discussion https://off-guardian.org/2021/06/25/canadian-surgeon-fired-for-voicing-safety-concerns-over-covid-jabs-for-children/
I’d say crucifixion would be too kind a punishment for a doctor who advocates informed consent. Outrageous!
Even professional bodies of surgeons, etc, seem to have no regard for the Hippocratic oath: everything we thought might possibly safeguard us has simply crumbled.
The corruption and group-think, backed by censorship and repression, is just staggering.
And all co-ordinated, with hardly any countries departing from the script, just minor variations.
“simply crumbled … staggering” the world was not as we thought.
It certainly wasn’t, Ed.
We’ve learnt a lot about others, and ourselves, in the last year and a half.
“China’s debt-laden local governments struggle to secure refinancing as investors grow wary of default risks.
“Bond issuance by local government financing vehicles (LGFVs) has slowed amid growing investor concern about defaults.”
https://www.scmp.com/economy/china-economy/article/3138602/chinas-debt-laden-local-governments-struggle-secure
“China’s Debt Reckoning Hammers ‘Too Big to Fail’ Borrowers.
“One of China’s most prolific debt issuers hasn’t sold a single dollar bond in 17 months… An investment grade-rated conglomerate mostly owned by the government is facing a cash crunch in a test of state support. Analysts …now say the notion of ‘too big to fail’ no longer applies in China as defaults this year exceed $23 billion, a record pace.”
https://www.bloombergquint.com/global-economics/china-s-debt-reckoning-hammers-too-big-to-fail-borrowers
“Clashes in China’s Guangdong Amid Lockdown.
“Mass protests broke out in South China’s Guangdong Province after local authorities imposed strict lockdown measures without a clear reason.”
https://www.ntd.com/clashes-in-chinas-guangdong-amid-lockdown_632222.html
China’s debt is a big concern. According to the article,
But I believe they safeguard the debt owed to them from poor countries by often requiring large holdings of land as collateral.
“Lagarde Tells EU Leaders They Must ‘Water The Green Shoots’.
“European Central Bank President Christine Lagarde urged leaders to keep their fiscal purse strings loose, warning that a premature brake on stimulus measures could derail a nascent recovery.”
https://www.bloomberg.com/news/articles/2021-06-25/lagarde-tells-eu-leaders-they-must-water-the-green-shoots
“Covid debt mountain risks a new eurozone crisis, warns Deutsche Bank.
“Nations failed to control their finances before the pandemic struck, leaving them saddled with huge debts – and big plans to keep borrowing… ““A continued and careless build-up of debt can potentially lead to self-reinforcing loops of high debt and high risk premium, which do turn explosive at one point.””
https://www.telegraph.co.uk/business/2021/06/24/covid-debt-mountain-risks-new-eurozone-crisis-warns-deutsche/
Ha! Spray the global economy with Agent Orange, suppress whole sectors, drive hundreds of millions to starvation and bankruptcy (with a little calculated mass murder and psychological torture tossed in) and then talk about nurturing ‘green shoots’…….
And put babies’ blood in vaccines—-
The only thing possible at this point is debt and more debt!
Or creating more local autonomy?
“Severe workloads are contributing to mass burnout among [the UK’s] junior bankers, prompting many of them to quit their job, new figures reveal.
“Up to 70 per cent of analysts and associate teams left their role at banks and financial institutions in recent months, despite firms stepping up their efforts to retain young talent.”
https://www.cityam.com/severe-workloads-triggers-junior-banker-exodus/
“Staff shortages in sectors such as hospitality and leisure could reach crisis levels following the June 30th deadline, after which it will become more difficult to hire EU workers, says Bates Wells, the City law firm…
““EEA workers comprise 7.3% of the UK’s working population. There are entire industry sectors that are wholly dependent on labour from these countries.””
http://hrnews.co.uk/staff-shortages-set-to-reach-crisis-level-following-june-30th-deadline/
Remember to Forget the Alamo
https://zcomm.org/znetarticle/remember-to-forget-the-alamo/
Kinda interesting
EEA = European Economic Area
If workers from other countries will accept lower wages, it is difficult to fix the problem by enticing people from the UK to accept these positions, I would expect.