Our fossil fuel energy predicament, including why the correct story is rarely told

There is more to the fossil fuel energy predicament than we usually hear about.

Strangely enough, a big part of the confusion regarding the nature of our energy problem comes from the fact that virtually everyone wants to hear good news, even when the news isn’t very good. We end up seeing information in the Mainstream Media mostly from the perspective of what people want to hear, rather than from the perspective of what the story really is. In this post, I explain why this situation tends to occur. I also explain why our current energy situation is starting to look more and more like an energy shortage situation that could lead to economic collapse.

This post is a write-up of a presentation I gave recently. A PDF of my talk can be found at this link. An mp4 video of my talk can be found at this link: Gail Tverberg’s Nov. 9 presentation–Our Fossil Fuel Energy Predicament.

Slide 1
Slide 2

Most people attending my talk reported that they had mostly heard about the issue on the right end of Slide 2: the problem of using too much fossil fuel and related climate change.

I think the real issue is the one shown on the left side of Slide 2. This is a physics issue. Without fossil fuels, we would find it necessary to go back to using older renewables, such as oxen or horses for plowing, burned wood and other biomass for heat, and wind-powered sail boats for international transport.

Needless to say, these older renewables are only available in tiny quantities today, if they are available at all. They wouldn’t provide many jobs other than those depending on manual labor, such as subsistence agriculture. Nuclear and modern renewables would not be available because they depend on fossil fuels for their production, maintenance and long distance transmission lines.

Slide 3
Slide 4

On Slide 4, note that M. King Hubbert was a physicist. This seems to be the academic specialty that finds holes in other people’s wishful thinking.

Another thing to note is Hubbert’s willingness to speculate about the future of nuclear energy. He seemed to believe that nuclear energy could take over, when other energy fails. Needless to say, this hasn’t happened. Today, nuclear energy comprises only 4% of the world’s total energy supply.

Slide 5

The transcript of the entire talk by Rear Admiral Hyman Rickover is worth reading. I have excerpted a few sentences from his talk. His talk took place only a year after Hubbert published his research.

Rickover clearly understood the important role that fossil fuels played in the economy. At that early date, it looked as if fossil fuels would become too expensive to extract between 2000 and 2050. A doubling of unit costs for energy may not sound like much, but it is, if a person thinks about how much poor people in poor countries spend on food and other energy products. If the price of these goods rises from 25% of their income to 50% of their income, there is not enough left over for other goods and services.

Slide 6

Regarding Slide 6, the book The Limits to Growth by Donella Meadows and others provided early computer modeling of how population growth and extraction of resources might play out. The base model seemed to indicate that economic decline would start about now. Various other scenarios were considered, including a doubling of the resources. Without very unrealistic assumptions, the economy always headed downward before 2100.

Slide 7

Another way of approaching the problem is to analyze historical civilizations that have collapsed. Peter Turchin and Sergey Nefedov analyzed eight economies that collapsed in their book Secular Cycles. There have been many examples of economies encountering a new source of energy (conquering a new land, or developing a new way of producing more energy), growing for a time, reaching a time where growth is more limited, and finally discovering that the economy that had been built up could no longer be supported by the resources available. Both population and production of goods and services tended to crash.

We can think of the current economy, based on the use of fossil fuels, as likely following a similar path. Coal began to be used in quantity about 200 years ago, in 1820. The economy grew, as oil and natural gas production was added. We seem to have hit a period of “Stagflation,” about 1970, which is 50 years ago. The timing might be right to enter the “Crisis” period, about now.

We don’t know how long such a Crisis Period might last this time. Early economies were very different from today’s economy. They didn’t depend on electricity, international trade or international finance in the same way that today’s world economy does. It is possible (in fact, fairly likely) that the downslope might occur more rapidly this time.

Past Crisis Periods seem to feature a high level of conflict because rising population leads to a situation where there are no longer enough goods and services to go around. According to Turchin and Nefedov, some features of the Crisis Periods included increased wage disparity, collapsing or overturned governments, debt defaults, inadequate tax revenue and epidemics. Economists tell us that there is a physics reason for the rich to get richer and the poor to get poorer during Crisis Periods; in some sense, the poor get “frozen out” and the wealth rises to the top, like steam.

Slide 8
Slide 9

Slide 9 is a chart I prepared several years ago, showing the growth in the world production of fuels of various types. What little wind and solar was available at that time was included in the biofuels section at the bottom. Early biofuels consisted largely of wood and charcoal used for heat.

Slide 10

Slide 10 shows average annual increases for 10-year periods corresponding to the periods shown on Slide 9. This chart goes to 2020, so it covers a full 200-year period. Note that the increases in energy consumption shown are especially high in the 1951-1960 and 1961-1970 periods. These periods occurred after World War II when the economy was growing especially rapidly.

Slide 11

Slide 11 is similar to Slide 10, except I divide the bars into two pieces. The bottom, blue part corresponds to the amount that population grew, on average, during this ten-year period. Whatever is left over I have referred to as the amount available to increase the standard of living, shown in red. A person can see that when the overall growth in energy consumption is high, population tends to rise rapidly. With more energy, it is possible to feed and clothe larger families.

Slide 12

Slide 12 is like Slide 11, except that it is an area chart. I have also added some notes regarding what went wrong when energy consumption growth was low or negative. An early dip occurred at the time of the US Civil War. There was a very long, low period later that corresponded to the period of World War I, World War II and the Depression. The collapse of the central government of the Soviet Union occurred in 1991, so it is part of the 10-year period ended 2000. Most recently, we have encountered COVID shutdowns.

The peaks, on the other hand, tended to be good times. The period leading up to 1910 corresponded to the time of early electrification. The period after World War II was a period of growth and rebuilding. Most recently, China and its large coal resources helped pull the world economy forward. China’s coal supply stopped growing about 2013. I have written that we can no longer depend on China’s economy to pull the world economy forward. With recent rolling blackouts in China (mentioned in the next section), this is becoming more evident.

Without enough energy, the current period is beginning to look more and more like the period that included World War I and II and the Great Depression. Strange outcomes can occur when there basically are not enough resources to go around.

Slide 13
Slide 14

Slide 14 shows recent energy production. A person can see from this slide that wind and solar aren’t really ramping up very much. A major problem is caused by the fact that wind and solar are given the subsidy of “going first” and prices paid to other electricity producers are adjusted downward, to reflect the fact that their electricity is no longer needed by the grid. This approach tends to drive nuclear out of business because wholesale electricity rates tend to fall to very low levels, or become negative, when unneeded wind and solar are added. Nuclear power plants cannot easily shut down. Instead, the low prices tend to drive the nuclear power plants out of business. This is sad, because electricity from nuclear is far more stable, and thus more helpful to the grid, than electricity from wind or solar.

Slide 15

Fossil fuel producers need quite high energy prices for a variety of reasons. One of these reasons is simply because the easiest-to-extract resources were removed first. In recent years, producers have needed to move on to resources with a higher cost of extraction, thus raising their required selling prices. Wages of ordinary citizens haven’t kept up, making it hard for selling prices to rise sufficiently to cover the new higher costs.

Another issue is that fossil fuel energy prices need to cover far more than the cost of drilling the current well. Producers need to start to develop new areas to drill, years in advance of actually getting production from those sites. They need extra funds to work on these new sites.

Also, oil companies, especially, have historically paid high taxes. Besides regular income taxes, oil companies pay state taxes and royalty taxes. These taxes are a way of passing the “surplus energy” that is produced back to the rest of the economy, in the form of taxes. This is exactly the opposite of wind and solar that need subsidies of many kinds, especially the subsidy of “going first,” that drives other electricity providers out of business.

Prices for oil, coal and natural gas have been far lower than producers need, for a long time. The COVID shutdowns in 2020 made the problem worse. Now, with producers quitting at the same time the economy is trying to reopen, it is not surprising that some prices are spiking.

Slide 16

Most local US papers don’t tell much about world energy prices, but these are increasingly becoming a big problem. Natural gas is expensive to ship and store, so prices vary greatly around the world. US natural gas prices have roughly doubled from a year ago, but this is a far lower increase than many other parts of the world are experiencing. In fact, the bills that most US natural gas residential customers will receive will increase by far less than 100% because at the historic low price, over half of the price for residential service is distribution expenses, and such expenses don’t change very much.

Slide 17

Slide 17 shows another way of looking at data that is similar to that in Slide 14. This slide shows amounts on a per capita basis, with groupings I have chosen. I think of coal and oil as being pretty much the only energy resources that can “stand on their own.” The recent peak year for combined coal and oil, on a per capita basis, was 2008.

Natural gas, nuclear, and hydroelectric were the first add-ons. If a person looks closely, it can be seen that the growth rate of this group has slowed, at least in part because of the pricing problems caused by wind and solar.

The “green” sources at the bottom are growing, but from a very low base. The main reason for their growth is the subsidies they receive. If fossil fuels falter in any major way, it will adversely affect the growth of wind and solar. Already, there are articles about supply chain problems for the big wind turbines. Any cutback in subsidies is also harmful to their production.

Slide 18

US papers don’t tell us much about these problems, but they are getting to be very serious problems in other parts of the world. The countries with the biggest problems are the ones trying to import natural gas or coal. If an exporting country finds its own production falling short, it is likely to make certain that its own citizens are adequately supplied first, before providing exports to others. Thus, importing countries may find very high prices, or supplies simply not available.

Slide 19
Slide 20

This slide got a lot of laughs. The university does have some sort of agricultural plot, but teaching subsistence farming is not its goal.

Slide 21
Slide 22
Slide 23
Slide 24

My point about “scientists who are not pressured by the need for research grants or acceptance of written papers are the ones trying to tell the whole truth” got quite a few laughs. As a practical matter, this means that retired scientists tend to be disproportionately involved in trying to discern the truth.

With the military understanding the need to work around energy limits, one change has been to move away from preparation for “hot wars” to more interest in biological weapons, such as viruses. Thus, governments of many countries, including the United States, Canada, France, Italy, Australia and China, have funded research on making viruses more virulent. The vaccine-making industry also supported this effort because it might enhance the industry’s ability to make and sell more vaccines. It was believed that there might even be new techniques that would develop from this new technology that would increase the overall revenue generated by the healthcare industry.

Questions came up, both during the talk and later, about what other changes have taken place because of the need for much of the audience to hear a story with a happily ever after ending, and because of the known likely decline of the economy for physics reasons. Clearly one thing that happens is successful entrepreneurs, such as Elon Musk, aim their production in areas where subsidies will be available. With fossil fuel production not making money, fossil fuel producers are even willing to undertake renewable projects if subsidies seem to be high enough. The issue isn’t really, “What is sustainable?” It is much more, “Where will the profits be, given where subsidies will be, and what people are being taught about how to perceive today’s problems?”

Slide 25
Slide 26
Slide 27
Slide 28

In fact, what has been happening in recent years is that a great deal of debt has been added to the world economy. Mostly, this added debt seems to be creating added inflation. It definitely is not leading to the rapid extraction of a great deal more fossil fuels, which is what really would allow the production of more goods and services. If inflation leads to higher interest rates, this, by itself, could destabilize the financial system.

Slide 29

I tried to explain, as I have in the past, how a self-organizing economy works. New citizens are born, and old ones pass away. New businesses are formed, and they add new products, keeping in mind what products citizens want and can afford. Governments add laws and taxes, as situations change. Energy is needed at every step in production, so availability of inexpensive energy is important in the operation of the economy, as well. There are equivalences, such as employees tend also to be customers. If the wages of employees are high, they can afford to buy many goods and services; if wages are low, employees will be very restricted in what they can afford.

In some sense, the economy is hollow inside, because the economy will stop manufacturing unneeded products. If an economy starts making cars, for example, it will phase out products associated with transportation using horse and buggy.

Slide 30

A self-organizing economy clearly does not operate in the simple way economists seem to model the economy. Low prices can be just as big a problem as high prices, for example.

Another issue is that the energy needs of an economy seem to depend on its population and how far it has already been built up. For example, roads, bridges, water distribution pipelines and electricity transmission infrastructure must all be maintained, even if the population falls. We know humans need something like 2000 calories a day of food. Economies seem to have a similar constant need for energy, based on both the number of people in the economy and the amount of infrastructure that has been built up. There is no way to cut back very much, without the economy collapsing.

Slide 31

I am not exactly certain when the first discussion of the economy as a dissipative structure (self-organizing system powered by energy) started. When I prepared this slide, I was thinking that perhaps it was in 1996, when Yoshinori Shizoawa wrote a paper called Economy as a Dissipative Structure. However, when I did a search today, I encountered an earlier paper by Robert Ayres, written in 1988, also discussing the economy as a dissipative structure. So, the idea has been around for a very long time. But getting ideas from one part of academia to other parts of academia seems to be a very slow process.

Debt cannot grow indefinitely, either, because there needs to be a way for it to be paid back in a way that produces real goods and services. Without adequate energy supplies, it becomes impossible to produce the goods and services that consumers need.

Slide 32

Attendees asked about earlier posts that might be helpful in understanding our current predicament. This is the list I provided:

Humans Left Sustainability Behind as Hunter Gatherers  – Dec. 2, 2020
How the World’s Energy Problem Has Been Hidden – June 21, 2021
Energy Is the Economy; Shrinkage in Energy Supply Leads to Conflict – Nov. 9, 2020
Why a Great Reset Based on Green Energy Isn’t Possible – July 17, 2020
The “Wind and Solar Will Save Us” Delusion – Jan. 30, 2017

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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5,606 Responses to Our fossil fuel energy predicament, including why the correct story is rarely told

  1. Fast Eddy says:

    What? Did someone say something?

    Oh… it’s just a dog ….

    https://media.tenor.com/images/771a80122af1fa8ae5ad853734f6222b/tenor.gif

  2. Harry McGibbs says:

    “There is no easy escape from the global debt trap…

    “As financial markets and total debts grow as a share of GDP, they become increasingly fragile. Asset prices and the cost of servicing the debt grow more sensitive to rate rises, and now represent a double threat to the global economy.”

    https://www.ft.com/content/c9e0c2c1-55af-4258-9c92-92faa111f41e

  3. Harry McGibbs says:

    “Supply-chain shock raises risk of more volatile economic cycles…

    “Intriguingly — and also for the first time in almost forty years — the percentage of companies citing “shortages” exceeded the number experiencing “insufficient demand”. This is as important as it is unusual: supply constraints at present exceed demand constraints.”

    https://www.ft.com/content/e702f0bd-fde2-467e-8354-04f60909f76d

  4. Tim Groves says:

    Here’s an informative report from the Netherlands posted on TAE by Polder Dweller, who sounds like he could well be a Dutchman. The chairman of the Police union is lambasting the politicians:

    * * * *

    What is happening in Holland? Well, as pointed out above, it’s all presented in the MSM as those damned anti-vaxxers. Many rioters probably are anti-vax, but that’s not exactly what they’re rioting about. No, the riots are mainly about the introduction of the hated QR-code (vaccine passports).

    Yesterday in de Volkskrant, the chairman of the largest police union explained in no uncertain terms that the riots are a direct result of political mismanagement.

    “Police union chairman furious with government.

    “It is a miracle that there were no serious injuries among the police officers,” Gerrit van de Kamp, chairman of the largest police union ACP, looks back on Friday evening’s explosion of violence in Rotterdam.

    He immediately makes it clear that he does not need words of sympathy from ministers or other political administrators.

    “They don’t do anything! Yes, endlessly going on about fundamental rights, endless talk about hospitals, and for the rest it’s up to the police to solve it. We have been warning for years and years against the radicalization of the protest, people who feel threatened in their freedom and are about to explode. And whaddaya know, the government throws in a few more measures that are not enforceable at all. And the police can handle the misery.”

    “The police must have done it wrong again in Rotterdam. Politicians never do anything wrong.’ Ultimately, Friday night’s aggression will again be dismissed as ‘a serious incident’,” he predicts. “What incident? This does come from somewhere. This is chronic!”

    To a certain extent, Van de Kamp also understands the outburst of pent-up anger. “You’ll just be a youngster who can’t do anything, can’t find a home anywhere. And above all, you should not lose your trust in the government. You are not allowed to go to the pub, you are not allowed to go to football, you will not be allowed anything on New Year’s Eve either.’ said the chairman of the largest police union ACP,

    Van de Kamp sneers about the latter: ‘Of course nothing [no fireworks] will be fired off soon… Get real! The police were already bombarded with heavily illegal stuff yesterday.”

    https://www.volkskrant.nl/nieuws-achtergrond/woedende-politiebondvoorzitter-over-rellen-rotterdam-dit-is-geen-incident-dit-is-chronisch~b32240bf/?s=09 (Dutch)

    • Fast Eddy says:

      Excellent.

      Let’s have more fireworks fired at the authorities.

      I like…. to watch. I like…. to… watch.

      Iliketowatch!

    • Ed says:

      They need to protest not in the down town shopping district rather at the homes of the ruling class.

      • ssincoski says:

        It is not a bad first step though if they target upscale places. If top 10%ers don’t feel safe getting some new outfits for the holiday parties it will have an impact. I agree that once they start invading the Hamptons, things will get more interesting.

      • Fast Eddy says:

        Take them as they leave their schools… you know who.

    • Netherlands is yet another country with a very high level of COVID cases, relative to population. Its cases aren’t quite up with Austria, but are close. There were a lot of cases added to the system yesterday. This could very well be some old cases that should have been entered earlier. I suppose that the country is at its “wits end” with respect to do about the situation.

  5. Tim Groves says:

    Some good news greeted me in Satoyama today. Given the current panicking by governments in countries all over the West as they attempt to bully everybody into injecting the KOOL-AID (or maybe that should be spelt KULL-ADE?), it is a considerable relief to read that at least in Japan, a kinder, gentler and more sensible attitude still prevails toward the Corona thingy.

    This month’s local government news letter, which arrived in the postbox this morning, has on its cover a photo of a human hand held out horizontally with a white silhouette depicting a syringe floating above it, along with the headline: 打つ・打たない意思の尊重を. Translated literally into English, this would read “Respect the decision to hit or not to hit.” But the essence of it is “Respect other people’s decision to get vaccinated or not.”

    This is not a command or an order—heaven’s know—but simply a polite request to everyone to lay off everyone else. And it comes from the national administrative level. Local governments everywhere are merely passing on the same message to local residents.

    Below the headline is a single paragraph, which says:

    On October 12, the second vaccination rate of citizens aged 12 years and older, who are eligible for the new corona vaccine, exceeded 70%. While the vaccination of those who wish to be vaccinated is progressing, there are those who cannot be vaccinated for medical or other reasons. It is unacceptable for people in the workplace or in the community to force others to get vaccinated, or to treat others in a discriminatory manner, such as terminating their employment or bullying them because they have not been vaccinated. Please respect other people’s decision to vaccinate or not to vaccinate, and act in a way that safeguards the human rights of both parties.

    At the same time, moves are afoot to roll out vaccine passport systems that will prevent the unjabbed from attending certain events and accessing certain buildings. How this can be squared with the idea of safeguarding human rights is a question for the lawyers. But I was at least relieved that the government here is officially against turning the unjabbed into a pariah class, as seems to be the general idea among government insiders in many countries these days.

    The way things are going, I’ll be happy if in a year from now I am allowed to visit hospitals, grocery stores and cafés and travel on trains, even if I’m forced to ride in the “Unclean” carriage. But if not, I’ll stay on the ashram and let the world do its thing without me. At my age it’s probably the safest place to be.

    • Xabier says:

      So sensible: you are very lucky indeed, Tim.

      I am mentally preparing myself to become a kind of pariah, or be killed, in the not too distant future.

      • DB says:

        I feel similarly, Xabier. Strangely, Fast Eddy’s “face ripping off” scenario is less disturbing to me personally than a totalitarian one (especially one targeting the unclean). Even though we may die in both cases, hopefully we put up a fight. Passively accepting such a death seems like complicity to me. I have never understood why people about to be executed comply with their executioners. If you are going to die, why not run or attack your killers? And why allow yourself to be taken into control by your killers in the first place?

    • That is good news if the Japanese government is making moves to treat the unvaccinated with respect. We can hope that the vaccine passport system will die before it ever gets implemented.

      Of course, Japan is short of energy supplies. It may need some sort of excuse to cut back energy consumption.

  6. Harry McGibbs says:

    “From Singapore and Hong Kong to Malaysia, Philippines to India, how inflation and rising food costs are changing the face of hunger…

    “In Singapore, food banks are busy; in Malaysia, meat is off the menu for many. In India, lamp oil is used for cooking and in the Philippines, the cost of your pizza could feed 150 people.”

    https://www.scmp.com/week-asia/economics/article/3156761/singapore-and-hong-kong-malaysia-philippines-india-how

    • Harry McGibbs says:

      “Sri Lanka has abandoned its attempt to become the world’s first entirely organic farming nation amid spiralling food prices and weeks of protest…

      “The government [had] said it would make farming in the South Asian nation more sustainable and environmentally friendly.”

      https://www.telegraph.co.uk/world-news/2021/11/21/sri-lanka-abandons-drive-become-worlds-first-organic-country/

      • Harry McGibbs says:

        “Soaring gas prices force Nigerians back to using charcoal and firewood.

        “People in Nigeria are being left with no choice but to go back to burning charcoal and wood despite its devastating effects on their health and the environment.”

        https://metro.co.uk/2021/11/21/soaring-gas-prices-force-nigerians-back-to-using-charcoal-and-firewood-15626974/

      • hillcountry says:

        Why is a ship carrying cargo from China refusing to leave Sri Lankan waters despite being asked to do so by authorities?

        The answer is a crucial shipment gone horribly wrong, leading to a rare diplomatic tussle between two close allies, the blacklisting of a bank, and a group of farmers and scientists up in arms.

        The ship in question – the Hippo Spirit – departed from China in September carrying 20,000 tonnes of much-needed organic fertiliser to Colombo.

        The issue is with the quality of the fertiliser – which scientists say, instead of helping, could prove harmful to crops.

        “Our tests on the samples showed that the (Chinese) fertiliser was not sterile,” Dr Ajantha De Silva, director general, Sri Lankan Department of Agriculture, told the BBC. “We have identified bacteria which are harmful to plants like carrots and potatoes.”

        https://www.bbc.com/news/world-asia-59202309

    • CTG says:

      I am not sure if people are taking meat off menuin Malaysia. Perhaps dramatisation. In general residents in Malaysia are rather well off.

      • I looked up energy consumption per capita for Malaysia. It indeed is quite high (especially for what I would assume is a fairly warm country), and it hasn’t fallen very much recently.

        Its energy consumption in 2020 was 127.1 gigajoules per capita. A few comparisons are

        Germany 144.6
        France 133.3
        UK 101.6
        Italy 97.0
        China 101.0
        Japan 134.7

        Of course, industry could use quite a bit of this energy.

        If some people are going without meat, it could be a wage disparity problem, I suppose.

  7. Harry McGibbs says:

    “Energy crisis could worsen poverty for millions of Europeans.

    “Energy prices have skyrocketed in the past months, increasing the concern that millions of Europeans will have to choose between paying their bills and putting food on the table this winter.”

    https://www.euractiv.com/section/energy-environment/news/energy-crisis-could-worsen-poverty-for-millions-of-europeans/

  8. Harry McGibbs says:

    “Portugal’s ‘illegal homes’ increase by another 11,000 through pandemic…

    ““Shacks, camps, pre-fabricated buildings, even commercial premises transformed into unlicensed lodging are the new homes by those disinherited by the pandemic. Since 2018, clandestine housing hasn’t stopped growing”.”

    https://www.portugalresident.com/portugals-illegal-homes-increase-by-another-11000-through-pandemic/

  9. TIm Groves says:

    Warning, this song uses language Tipper Gore would not approve of.

    “You’re good at stealing, and you’re good at lying,
    Now let’s see how good you are at flying.”

  10. Fast Eddy says:

    UK Data Shows No All-Cause Mortality Benefit for COVID-19 Vaccines

    https://roundingtheearth.substack.com/p/uk-data-shows-no-all-cause-mortality

    • Minority of One says:

      The above article links to another by the same author, Mathew Crawford, who I am not familiar with:

      The Kunlangeta and Pharmaceutical Medicine
      https://roundingtheearth.substack.com/p/the-kunlangeta-and-pharmaceutical?justPublished=true

      He discusses the historical links between the oil industry, and in particular John D. Rockefeller, and the medical industry, almost from the get-go. A very enlightening overview:

      ‘The last century of evolution of medicine in the West might be reasonably called “The Rockefeller Medical Era”. After all, it was oil tycoon John D. Rockefeller—by many accounts the wealthiest man in the world, and first to be called “billionaire”—who set about reducing the influence of doctors, building a portfolio of petroleum-based patent medicines that did more to mask symptoms than cure ailments, and helped Hitler set up manufacturing of poisons and chemicals through an investment in I.G. Farben.

      It might be said that Rockefeller took a noble vocation, fraught with the flaws of the times, gained a toe-hold on many medical schools through donations (with board members to “oversee spending”) and turned it into the corporate machine it is today—one that dominates spending on lobbyists, and holds open the revolving door (and here and here and everywhere you look) for regulatory capture…’

      A relatively short article worthwhile reading.

      • drb says:

        Over time Rockefeller morphed into Vanguard and Blackrock, and here we are. Medical tyranny has been creeping for decades, for those who were watching. Before all this, there were successful campaigns against cholesterol, saturated fat, and red meat. There were successful campaigns which resulted in people eating six times a day to lose weight, in people undergoing radiation and chemical poisoning to cure cancer, and where diabetes (a condition which prevents the body from assimilating carbohydrates) was treated with diets rich in carbohydrates. Natural immunity and other existing protection mechanisms were ignored.

        They must have felt confident going into this one. I can’t blame them.

        • Xabier says:

          Good points.

          It must be satisfying to find that one’s very low estimate of the intelligence of the general population has been exceeded.

          What has probably surprised them is the meek compliance to lock-downs and the closure of non-essential businesses (which is why grants and loans ere so generous).

          But we just bent our heads and asked ‘How much lower, my lords?’

      • The tradition started of teaching would-be doctors about pharmaceutical products available. Conferences for continuing education were sponsored by pharmaceutical companies. Nutrition was pretty much neglected. US physicians are often terrible in regard to the need for better nutrition.

    • Looks like a wash, in this analysis.

      Except that we have been hearing that UK mortality for causes other than COVID seems to be rising. The combination doesn’t add up to me.

      Also, earlier data from Israel seems to show higher mortality, even in the absence of any COVID surge, suggesting something was seriously wrong.

  11. Fast Eddy says:

    Nobody wants to debate this with us. I recently offered $1M for any of the members of the CDC or FDA outside committee members to debate us. Apparently, their time is worth more than a million dollars an hour because none of them accepted my more than generous offer.

    Is there anyone in a decision making capacity on the vaccines/mandates who wants to talk about the science and the statistics? Or are they all chicken?

    maybe ask buzz aldrin – as long as he doesn’t have to swear to the moon thingy… he’ll be all over this opportunity!

  12. Fast Eddy says:

    We are mandating a vaccine which basically kills ~ 800 people per M fully vaccinated

    When you couple that with my 8 ways of estimating the number of deaths from the COVID vaccines in America gives a minimum of 150,000 deaths, our government is basically trying to mandate a vaccine that is a killing machine.

    (we’ll chop this up and force feed the Stooges)

  13. Fast Eddy says:

    UK data shows the vaccines are NOT saving any lives at all. Zero. Zip. Nada.

    Mathew Crawford just did an analysis showing that the data from the UK shows that the vaccines aren’t saving any lives at all. Zero. Zip. Nada. So we’re killing over 150K people to save no lives. Wow.

    https://stevekirsch.substack.com/p/uk-data-shows-the-vaccines-are-not

    I have not read this yet… because I am laughing so hard thinking of norm and those 3 killer needles being stabbed into his withered geriatric shoulder…. taking all that risk…

    For nuthin.

    I need to get a hold of myself (snicker giggle)… and … and read it now hahaha

  14. Fast Eddy says:

    Anyone have any final plans before the Dying Phase starts and everything spins out of control?

    • Replenish says:

      Yes. Spend more time with my family, enjoy cookung and gardening, get out of debt and get to know my neighbors. My work is 95% word of mouth and I get to meet new people with a built-in level of trust by association that allows me to deliver high quality with a personal touch without the stress of a contract. My clients range from State Dept official, 2-Star General, State-wide Lobbyist to Hedge Fund Manager, Oil Co Owner, Corporate Media Owner, Surgeons and Recycling Consultant. I always keep my ears and heart open and foster what amounts to a mutual opportunity to learn and influence but it all comes down to good repoire and respect. My days of pushing buttons are waning as my painful opinion from first hand experience is that resistance is infiltrated and managed. If my ability to produce is taken away from me I will head for the cabin with everything I have and wait for the golden hordes, lol.

    • hillcountry says:

      Yup – what she said!!

      • extracted from the video:

        >>>>vax passports are a precursor to the coming new financial system<<>>they are coming for your children<<<<

        The assumption must be therefore, that covid was unleashed deliberately in order to bring about the above.

        But we do not live in a money based system

        we live in an energy based system

        Therefore a 'new' financial system cannot be brought into existence, other than (possibly) some form of short term extended debt, the ultimate function of which I couldn't begin to explain, other than as an add-on to the future indebtedness that forms the delusion of all of us

        • Tim Groves says:

          Fair comment, Norman.

          But can we look at it this way. Energy is a bit inconvenient to use as a medium of exchange. We are going to look pretty silly trying to carry around pockets full of Ever Ready batteries or cans of petrol in order to pay for things we want to buy at the shops. So we need a medium of exchange that is fungible, tradable, and acceptable to those were engage in transactions with.

          Enter money, with or without that clinking clanking sound, it makes the world go round.

          At present, money can be saved, invested, used to light cigars, or spent with minimal restrictions on what the owner wants to spend it on.

          But with the planned and promised incoming digital money system, the restrictions on how money is used can be increased in a host of ways. The money can be made conditional on the account holder’s good behavior. The Chinese social credit system already does this. A ceiling can be placed on the amount spent of beer, butter, bacon or betting. Limitations can be placed on where, when and how it can be spent. And the government can dip into an individual’s account at will to levy taxes and fines. An individual’s ownership of the money in their account(s) will be conditional on a lot of factors that don’t apply to money as we have known it up to now.

          I doubt that anonymous cash will disappear completely though. Politicians are far too fond of receiving wads of it in little brown envelopes for that to happen.

          • Tim

            you are quite right on that aspect of money control

            But it cannot be more than sort term, because declining energy availability will decrease money value, so governments will be motivated to increase the supply, until the entire edifice crashes

            • Minority of One says:

              The plan seems to be, to crash the population faster than energy availability.

            • i keep trying to put this clearly—-

              crash the population and energy (in the sense we know it) will be unusable, except in very rudimentary fashion (ie–burning stuff)

              there is no ‘plan’

            • Fast Eddy says:

              This quote has now been added to the coat of arms of DelusiSTAN… right below — I am dummmb therefore I am….

              “However, if the vaccine has no real-world effect then there is no harm in getting vaccinated in order to fit in with the governmental views and be able to get around more easily than the unvaccinated.”

              Justin Bieber is also working an anthem for DelusiSTAN… he will incorporate that lyric

              Remember that guy who took little boys on his sail boat ‘to teach them how to sail’…

              Compared to the now disgraced mike…. he actually was a voice of reason…

              Poor mike… if only it was possible to rewind the day and start over again…

            • Tim Groves says:

              Norman, what you are saying makes good sense to me.

              Unless the magicians running the show have got something else up their sleeves or can pull something out of a hat, then we may all face being sawn in half when their magic trick goes wrong.

              I am reminded of a quotation from Hemingway’s The Sun Also Rises:

              “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.”

            • i’ve struggled with the money production thing too Tim

              never found an alternative to—” (real) wages are created when one energy form is changed into another”

            • Fast Eddy says:

              For them to be doing what they are doing .. they must be doing it with very grim looks on their faces… they are tearing apart their empire… because TINA…

              They have decided to murder everyone on the Titanic and sink it before it hits the berg.

              Because there is no avoiding the berg… and freezing to death in the sea is not pleasant

      • Fast Eddy says:

        Digital = energy intensive… I am wondering what will power this Brave New World.. cuz it won’t be fossil fuels… and it won’t be renewable energy…

  15. Fast Eddy says:

    https://youtu.be/Do8TyMtgzso?t=165

    BAU Fast Eddy Ranch .. UHF comm check….

    BAU Fast Eddy Ranch .. UHF comm check….

    BAU Fast Eddy Ranch .. UHF comm check….

    Lock the doors

  16. Fast Eddy says:

    I wonder what would happen if someone from within the anonymous crowd fired a high powered weapon at the cops… dropped it … and disappeared into the throng…

    It would be impossible to catch the person … how would they police future events when they are fearful of being randomly shot…

    I suspect we’d get full on martial law…

  17. Lastcall says:

    The Covid narrative is falling apart in the face of the real world data in much the same fashion as the ‘Earth is the Centre of the Universe’.
    The powers that be will distort, remove, redact and recalculate to produce a dizzying array of contradictory mandates to keep the charade alive; a bit like Joe Brandon.

    ‘Centuries ago, everyone in the Western world believed that the Earth was the center of the universe, with the sun, the stars, the planets and everything else revolving around it. That model sort of stunk at predicting the motions of the other planets, so countless numbers of “epicycles,” or circles-within-circles, were added to their orbital paths to explain the data.

    https://www.space.com/35772-copernicus-vs-catholic-church-real-story.html

    After years of continual frustration from trying ever-more Byzantine (and ever-more unsatisfactory) equations to fit the motions of the planets, Kepler gave the simple ellipse a shot.

    So now we have ‘The Science’, a cult belief system, for sale in much the same way The Catholic church sold absolutions.

    Too funny. Except the adherents have been baptised with mRNA, adjuvants and of course the whole ceremony of taking the blood of the pharmacuetical offal.

  18. Fast Eddy says:

    And I was hoping to find some babies to make veal.. this changes the game significantly

  19. Fast Eddy says:

    Fauci Says Babies, Toddlers Eligible For COVID Jabs In Q1 2022

    https://www.zerohedge.com/covid-19/fauci-says-babies-toddlers-eligible-covid-jabs-q1-2022

    hahahahahaha… this is beyond funny …haha… and Still (hahahaha… hang on … I just pissed myself.. I need to change)….

    ——————————————– hahahah… hahahahahahahahaha… babies… hahahahahahahah… toddlers…. hahahahaha… oh shit … I’ve ripped by abdomen open and the intestines are spilling out … the dogs are going wild… lock them in the closet… now where is that staple gun … ouch .. ouch… ah ok we’re good …

    hahahahahah… grimace… hahaha…

    And still… and STILL … the CovIDIOTS… chomp the grass… waiting for the next injection ….

    This can’t be real… surely this is a bad dream… they can’t be THIS stoooopid…

    But they are… they are Ultra MOREONS hahaha…

    Hail Satan!

  20. Bei Dawei says:

    Let’s try a fun exercise. Somebody pick a number between 5 and 20. I’ll take the first one.

    • davidinamonthorayearoradecade says:

      lucky 7.

      • Fast Eddy says:

        I will choose for norm dunc mike

        norm 3 (3 shots) mike 28 (something to do with a measurement of ability) dunc 87 (how he feels in the morning)

        • Bei Dawei says:

          Thank you both. Okay, from davidinamonth, etc. I take the number 7, which is code for 2007. From Eddy I take the number 3, which is March. Here is Gail’s blogpost for March 2007:

          https://ourfiniteworld.com/2007/03/29/what-are-our-alternatives-if-fossil-fuels-are-a-problem/

          (The other is the quiz mentioned in the text.) Unfortunately, there are only 12 comments on it, and most of these were jokes. You see, I had hoped to evaluate how well our comments have aged, but should have limited the scope to more recent years.

          Anyway…

          Gail: “Natural gas supply is likely to decline in the next few years…”

          (It rose steadily, except for a dip in 2008.)

          Gail: “7. What is the likelihood that the technologies described in (6) will allow the US energy supply to continue to grow? Not very high…”

          (The US energy supply has broadly plateaued beginning in the mid-1990s–there was a dip in 2008 and a subsequent rise.)

          Gail: “…most geologist predict that oil production will begin to decline between now and 2012, but some predict the decline will begin as late as 2020. We said that governmental agencies, like the US Energy Information Agency, are projecting that oil production growth will continue until at least 2030.”

          (It seems that the correct answer was “2018.”)

          Should we try another one?

  21. Fast Eddy says:

    hahahahahaha – vaccines are awesome

    Bossche… say it again .. Bossscccchhhhheeee….

    https://ichef.bbci.co.uk/news/976/cpsprodpb/3BF7/production/_121615351_jh_cases_rate_timeseries_selected_countries_19nov-nc.png

  22. Fast Eddy says:

    Some smashing and burning in Brussels https://www.bbc.com/news/world-europe-59369488

    • Rodster says:

      As i’ve mentioned many times. First the protests are peaceful and low in numbers. Then the numbers begin to grow. Then the protests become louder, then you get civil unrest, followed by violence. It’s spreading globally which is a good thing. Hopefully NZ and Aus, turns on the authorities.

      Now imagine if those protesters were armed like we are in the US?

      • Fast Eddy says:

        I am hopeful that we do see a serious escalation because … I like to watch.

        Based on what I saw at the Voices for Freedom gathering … I think it is highly unlikely I’ll have the opportunity to watch a serious uprising here.

        They just didn’t look like they had it in them… there were some hippy types… some nurses… about half of them were over 45… not quite in fighting shape…. I cannot see any of them being willing to lock and load… they are ‘normal’ people … they don’t think like that … and no matter how hard you push them they would not fight… most of them have probably never been in a fist fight…

        Even if they were willing to they are few in number… they’d be crushed by a van load of coppers…

        Most people are soft… they have families… they are not willing to risk their lives or go to prison…

        Even during the HK riots… the vast majority of those involved were not violent … I’d estimate less than 1000 were walking that walk.

        • Tim Groves says:

          This probably goes for people higher up in NZ too, all the way to the top. They don’t have a lot of fight in them. So perhaps a van load of cops might be all it takes to overturn the state? Perhaps the All Blacks could do it. In the land of the wimps, the one-biceped man is king!

          • Xabier says:

            The dictatorship in NZ, of all countries, is certainly only a fragile facade: just grimacing Jacinda and a bunch of old women and weak men, and some 3rd-rate police and army.

            It could be over-turned in a matter of days without any violence; but all the cowards just want to be ‘safe’ within their secure border.

            A pity, as a revolt there would set a good example for the world.

            • Fast Eddy says:

              I reckon if I could round up all the big-hipped plough pulling women (there are a LOT of them…) and give them some basic training….equip them with baseball bats… and form the SOW Brigade… we could easily over throw the guvermint.

              I’ll go to the Pak N Save and start recruiting this afternoon.

        • hillcountry says:

          don’t worry, you’ll get some agit-prop. https://en.wikipedia.org/wiki/Propaganda_Due

      • Ed says:

        Sorry white Americans are cowards they will never actually fire their weapons at people.

        Now the Black Panthers, Hasidic Jews, Mormons, likely

  23. MG says:

    What’s behind the rapid disappearance of the delta variant in Japan? It could be self-extinction.

    https://www.japantimes.co.jp/news/2021/11/18/national/delta-variant-self-destruction-theory/

  24. deimetri says:

    ‘About two dozen people have been injured after a car tore through a Christmas parade in Waukesha, Wisconsin, police said. The car has been located, and a person of interest has been identified. It’s unclear if they are in custody.

    Waukesha Police Chief Dan Thompson revealed that over 20 people suffered injuries in wake of the incident at the holiday parade on Sunday afternoon, that saw a red SUV breaking through police barriers and ramming into parade-goers, including a marching band.’

    https://mobile.twitter.com/TaylorLumpkinTV/status/1462575035042910212

  25. Fast Eddy says:

    In Angry Rant, State Media Anchor Demands Austrian-Style Vaccine Mandates for Germany
    As Saxony and Bavaria announce closures and cancel Christmas markets in the face of surging infections, the press unfolds a coordinated campaign to blame the unvaccinated.

    https://eugyppius.substack.com/p/in-angry-rant-state-media-anchor

  26. Fast Eddy says:

    Mediocre watching … but still …

    https://youtu.be/F0_a6hDhCDo

  27. Fast Eddy says:

    Check this out … out of work … go with virtual begging on go fund me…

    Ya I’ll get right on that…

    https://alexberenson.substack.com/p/healthy-kids-all-but-never-die-from/comments

  28. Fast Eddy says:

    Reminds me of the offer to Buzz of 5k just to say ‘I swear on the bible I’ve been to the moon’

    Why would you turn that down… You pocket the money and laugh at the clown… then head off to the VIP lounge for a big one

    • Bei Dawei says:

      Yeah, why would people willing to lie about going to the moon, even fear the Bible? I guess the only explanation left is that he doesn’t need the money, and doesn’t want to give any attention to the moon denialists.

      Dr. Gene Ray, Cubic once offered 10,000 USD to anyone who could disprove Time Cube, his epochal discovery that every day contains four days (*). Since no one seems to have ever collected this money, I assume this means that Time Cube must be true.

      (*) Because when it is noon here, it is midnight somewhere else, dawn in some third place, and sunset in some fourth place. Thus each rotation of the earth causes four days. Since God in the Book of Genesis creates one day at a time, this means that Dr. Gene Ray, Cubic, is wiser than / above God.

      • that makes two people who know more than god

        • Fast Eddy says:

          He doesn’t need the money hahahaha…

          I don’t need 5k either… but if someone came up to me and said hey — can you swear on the bible ______… and I will give you 5k in cash….

          I’d swear that I’d been to the moon … shot the pope… shagged Queen Liz… it’s an easy 5 grand…

          And at the end of the day he did walk on the moon right? Why not just swear and take the money?

          Oh look what Fast Eddy just passed to me … Buzz sells his signature … for a LOT less than 5 grand hahahahaha He doesn’t need the money right???

          https://showmastersonline.com/forums/index.php?/topic/77605-buzz-aldrin-signature-price-list/

          Here is the complete list of Buzz’s autograph fees.

          BASE £250

          3D ITEMS MODELS ETC £315

          BETA CLOTH NOT FLOWN £345

          APOLLO 11 COMPLETION ARMSTRONG OR ARMSTRONG AND COLLINS £630

          BOOKS NOT AUTHORED BY BUZZ £250

          BOOKS AUTHORED BY BUZZ £175

          PERSONALISATIONS INCLUDED FREE

          DATE INSCRIPTION ADD £30

          MISSION INSCRIPTION ADD £30

          ADDITIONAL INSCRIPTION 10 WORDS MAX £15 PER WORD

          Buzz will not sign postal covers

          That’s the complete list that i have, showmasters will not accept credit cards for Buzz signatures but i believe Buzz will have a card machine at the show.

          hahahahaha… hahahahahahaha…. hahaha… hahaha…

          • Bei Dawei says:

            Okay, I guess he *does* need the money. In that case, I suppose there must be some *other* compelling reason why he doesn’t want to do business with moon-landing denialists.

            • Fast Eddy says:

              Oh come now… $5000 … for a money – hungry MOREON who signs stuff for $30 bucks????

              Buzz would clearly go out back with a guy and let him .. well you know … for that kinda cash

              You are flailing…

          • those h an a keys again

            the lunatic’s favourites

        • Fast Eddy says:

          http://www.buzzaldringigaloservices.com

          Wow… a night with Buzz for only $500 … he’ll do anything for money our Buzz… he’ll even live his entire life as a massive lie… pretending he’s been to the moon.

          That must be a difficult gig… no wonder Neil Armstrong keeps his head down… he must feel incredible shame

  29. Fast Eddy says:

    Newsom is banking on the “get better” option and thinks he can cover his tracks by waiting it out.

    I offered him unlimited amounts of money to give me a paper with the doctors he consulted with after his booster. If he’s telling me the truth, he could collect $100M just for handing me a blank piece of paper. My offer was ignored.

    Q: Who would turn down $100M for a blank piece of paper?
    A: Someone who is lying to the public about their vaccine injury.

  30. Fast Eddy says:

    Biden is highly likely vaccine injured; Newsom is DEFINITELY vaccine injured

    Peripheral neuropathy is extremely common after vaccination (an estimated 80% of vax injured have it), and the timing lines up perfectly. His doctors have ruled out every other cause.

    https://stevekirsch.substack.com/p/biden-is-highly-likely-vaccine-injured

    See norm…. it is possible to become more MOREONIC with each injection

    • Lidia17 says:

      Just came back from picking up our Thanksgiving turkey from a local farm. The woman said she’d gotten the jab in order to be able to travel back and forth to CA to take care of her dying mom (dying of what, I don’t know).

      The total was $103.78, minus a $30 deposit. Oh, $73.78, I said. She said, “Wow, you can do that math…” I said, “It’s $30 from a hundred so it’s pretty easy.” “Yeah, I can’t do any kind of math anymore..” “Oh..” Then she said, “it must be the vaccine.”

      She didn’t know that the jabs are still in Phase 3 trials. She had not heard of the myocarditis issues.

      It’s really sad. People are not informed of the dangers.

      • Bei Dawei says:

        My takeaway is that people who are bad at math are also likely to be vaccine hesitant.

        • Fast Eddy says:

          I wasn’t aware that there was much math involved in there being no long term testing done on these vaccines.

          I think most people understand the concept of 10-15 years to test a new vaccine. Most people can count to 15. Most people know that a year is

        • Lidia17 says:

          Well. you will have got it completely backwards, then. I, who refuse to be jabbed, can quickly subtract 30 from 103.78 to arrive at 73.78. My turkey farmer friend, who has been jabbed, can no longer do that sort of complex computation on the fly.

        • Xabier says:

          She wasn’t vaxx ‘hesitant’ as she’d taken it, AND used to be able to do simple maths. That was Lidia’s point.

          I have found people are often rather clumsy in shops and the street, they seem less aware of those around them and able to react.

          This might be due, of course, to months of isolation, but they just seem more sluggish and stupid.

      • Fast Eddy says:

        Oh wow… I was in a restaurant recently and the bill was something like 90 bucks… I asked the lady to add a 10% tip to that and ring it through… she was unable to do the math… so I just say let’s just make it an even $100 (to save face)…

        She probably took the jab … because she did not understand what 10-15 years means… and she thought that one year was better… because there were so few side effects that there was no need to wait 10+ years… you only do that with those old dodgy style vaccines.

    • Lidia17 says:

      Oh, and it’s an ORGANIC farm, where the woman holds classes on things like dowsing. She’s the last person I would have thought would sign up for this.

      • Fast Eddy says:

        I am told that all the fitness instructors in M Fast’s world… have jabbed.. one of them was telling M Fast that she was considering jabbing her child… just the other day.

        Hold the Line.

        It might be fun for awhile to be one of the only people left alive in the Queenstown area …

      • hillcountry says:

        Lydia17, gotta make you wonder doesn’t it? Like, why didn’t she just dowse it with a pendulum on a chain? I knew an old timer who found an acorn hung from a silver chain worked great for him. Or even just kinesiology muscle-testing? And there’s a history of remote map-dowsing for minerals and then just all kinds of “sensing” this and that techniques.

        The best book on dowsing I’ve ever seen has tons of fantastic pictures, stories and wood-cuts going back centuries. It was written by Christopher Bird – The Divining Hand:: The 500 year-old Mystery of Dowsing. Pretty sure he was on a CIA contract. He went all over the world. The Marines trained with dowsing to identify tunnels in a mock-up village in California during the War against Viet Nam. The best wood-cut was a bunch of Catholic priests chasing “water witches” all over the place. We’ve got tons of dowsing stories. A guy we knew was out on a backhoe-dig in the middle of ten-acres that was supposedly clear of danger but the old timer in charge pulled-out his copper rods and said “there’s something down there”, so they hand-dug and found a 440-cable running through right where the claw would have hit. We had a dowsing party on a property we’d bought and my rural old-boy neighbor leaned over the fence and said “didja notice all the “hits” are real close to that food table you got set-up”? He had a keen sense of humor and thought we were nuts because there was nothing BUT water for miles and miles at around 200-feet down.

  31. CTG says:

    Biden is highly likely vaccine injured; Newsom is DEFINITELY vaccine injured

    https://stevekirsch.substack.com/p/biden-is-highly-likely-vaccine-injured

    Huh? No saline jab?

    I like this site. It is one of my “goto” sites

  32. Harry McGibbs says:

    “Central banks are stuck in a ‘hall of mirrors’… Two decades ago there was a general belief that in the event of a financial crash or economic emergency, central banks would act in an apolitical and disinterested manner to keep the system functioning.

    “In the post-bailout world, worsening social inequalities, a scandal over trading by top Federal Reserve officials, and the politicisation of high-level appointments have all weakened the public consensus.

    “Now, there is a lot more cynicism. There is also a deep suspicion that all the post-crash bailouts and “unconventional measures” have done is make the rich richer. Central banks have acquired a lot of financial assets, but are losing the public’s trust.”

    https://www.ft.com/content/970dbfd2-681a-4fb2-b074-91b1e032838e

    • Harry McGibbs says:

      “Eventually soaring Icarus fell back to earth with a thud…

      “…we face the real prospect of a loss of confidence in the very basis of currency.”

      https://thinkscotland.org/2021/11/eventually-soaring-icarus-fell-back-to-earth-with-a-thud/

    • It is always the rich get richer and the poor get poorer. It seems to be the way the physics of the situation works, when there isn’t really enough to go around.

      • lol

        it’s the way the system works even when there IS enough to go round

        • houtskool says:

          Brain quantity is no guarantee for succes.

          Quoting FE, what we do to the ‘poor’ is NOTHING compared what we do to animals. Nothing.

          Again, brain quantity is no guarantee for succes.

        • Bobby says:

          Exactly

      • Hubbs says:

        In astrophysics, this is the behavior of a black hole.
        In politic /economic systems, communism /socialism is the end point for systems which had produced wealth in some form.

        “Communism is a parasite in serch of its next capitalist host.”

        And from another post on Zero Hedge today, I upvoted this

        “The state is that great fiction by which everyone tries to live at the expense of everyone else.”
        ― Frederic Bastiat

        Note that Bastiat didn’t bother to waste time on the minutia of what kind of state. In the final analysis, the state is the mechanism that puts socialism into action. This is independent of the type of government. Why is that? It’s because to do anything, even the most simplest of tasks, the state must first rob Peter.

        And for those who wander off the beaten path like I do, an “interesting” car chat with Survival Lilly.

        • Could be blackout and supply chain collapse sometime in the next few years, even perhaps in the next few months, in Europe. Wind and solar PV are not always available; taking off coal and nuclear electricity off the system at the same time as heat pumps and electric cars are added leads to more demand and less supply. The added complexity of a system servicing all of these needs is a problem in itself. Cannot store enough electricity in batteries.

          This is all from the first five minutes of the video.

          It would seem like these things would be fairly obvious to regulators in Europe, but maybe they have been listening to IEA nonsense about how renewables will save us.

          • Duncan Idaho says:

            I lived without electricity and water for a year in Micronesia.
            Got my water off the roof, drained into a 55 gallon drum.
            After a few months, you don’t even notice.
            I did have petro for my boat.

            • Replenish says:

              Thats cool Duncan. When we built our 10’x20′ hunting cabin in the early 80’s we had 2 black barrels on the roof for showers and a garden hose running from a spring up the hill. My grandpa fashioned a bbq grill and enclosure in later years.. for the hearth and chimney he chiseled out mountain stone and firebrick and used an old sled as a drag for flagstone. We still pay our respects at the site of his stone quarry. Dad and I just added an attached wood shed and new metal roof with a utility nook to house solar electric for simple lights and phone charging in blackouts. Low tech meant that we spent most of our vacation helping at my cousins farm, hunting and cooking out. Good times!

    • houtskool says:

      Fiat currencies, based on a steady growth of debt and inflation, only work in a growth environment. If it fails, we will see boatloads of financial and political crap, before the currency fails. Please watch out for ‘QR’ money. It is just an extension of the infinite growth sentiment, but with more control. Watch that one. It is like the US 2nd on steroids. Never, ever accept the blockchain within your medium of existance, formarly known as money. Whenever that starts, join every protest you can see, hear and smell.

    • Harry, if this is now posted by FT, well we are not much longer for this world ..

  33. Harry McGibbs says:

    “Food prices will likely stay elevated in 2022 as disruptions to the global supply chain are set to persist, according to the head of Cargill Inc., who highlighted labor shortages as one of the biggest risks facing the industry.

    “Whether it’s meat processors, truckers, warehouse operators or port staff, the global food system is seeing more competition for workers.”

    https://www.supplychainbrain.com/articles/34140-global-food-prices-to-stay-high-on-labor-crunch-cargill-ceo-says

Comments are closed.