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Russia’s attack on Ukraine represents a demand for a new world order that, over the long term, will support higher prices for fossil fuels, especially oil. Such an economy would probably be centered on Russia and China. The rest of the world economy, to the extent that it continues to exist, will largely have to get along without fossil fuels, other than the fossil fuels that countries continue to produce for themselves. Population and living standards will fall in most of the world.
If a Russia-and-China-centric economy can be developed, the US dollar will no longer be the world’s reserve currency. Trade will be in the currency of the new Russia-China block. Outside of this block, local currencies will play a dominant role. Most of today’s debt will ultimately be defaulted upon; to the extent that this debt is replaced, it will be replaced with debt in local currencies.
As I see the situation, the underlying problem is the fact that, on a world basis, energy consumption per capita is shrinking. Energy consumption is essential for creating goods and services.
The shrinking amount of energy per person means that, on average, fewer and fewer finished goods and services can be produced for each person. Some countries do better than average; others do worse. With low fossil fuel prices, Russia has been faring worse than average; it wants to remedy the situation with long-term higher energy prices. If Russia can start transferring its energy exports to China, perhaps the new Russia-China economy, with limited support from the rest of the world, can afford to pay Russia the high prices for fossil fuels that Russia requires to maintain its economy.
In this post, I will try to explain what I see is happening.
[1] It appears that Russia now fears that it is near collapse, not too different from the collapse of the central government of the Soviet Union in 1991. Such a collapse would lead to a huge drop in Russia’s living standards, even from today’s relatively low level.
If we look back at the Soviet Union’s energy consumption, we see a strange pattern. The Soviet Union’s energy consumption rose rapidly in the period after World War II. It became a military rival of the US, as its energy consumption grew in the 1965 to 1985 period. Its energy consumption leveled off before the central government collapsed in 1991. In fact, energy consumption has never gotten back to its level in the late 1980s.
[2] The thing that seems to have been behind the 1991 collapse is the same thing that seems to be behind Russia’s current fear of collapse: continued low oil prices.
When we look back at inflation-adjusted oil prices, we see that a long period of low prices preceded this collapse. These low prices were harmful in many ways. They reduced funds for reinvestment, which led to the collapse in oil supply. They reduced the funds available to pay wages. They also reduced the tax revenue that the Soviet Union could collect.
I believe that these chronically low oil prices ultimately brought down the top layer of the government of the Soviet Union. This is because of the physics of the situation. It takes energy to provide the services of the top level of the government. As the total energy that could be purchased by the system fell because of low prices received for exports, it became impossible to support this top level of governmental services. This top layer was less essential than the lower levels of government, so it fell away.
In recent times, there has also been a long period of low prices, since about 2013:
Unless this pattern of low prices can be reversed quickly, Russia as a political entity could collapse. Exports of all of the goods it now produces would likely fall.
[3] While oil prices depend on “supply and demand,” as a practical matter, demand is very dependent on interest rates and debt levels. The higher the debt level and the lower the interest rate, the higher the price of oil can rise.
If we look back at Figure 4, we can see that before the US subprime housing bubble popped in 2008, inflation-adjusted oil prices were able to rise to $157 per barrel, adjusted to the 2020 price level. Once the debt bubble popped, inflation-adjusted oil prices fell to $49 per barrel. It was at this low point (and correspondingly low prices for many other commodities) that the US started its program of Quantitative Easing (QE) to lower interest rates.
After two years of QE, oil prices were back above $140 per barrel, in inflation-adjusted prices, but these soon started sliding down. By the time oil prices dropped to $120 per barrel, oil companies started to complain that prices were falling too low to meet all of their needs, including the need to drill in ever less productive areas. Now we are at a point where interest rates are about as low as they can go. Short-term interest rates are near zero, which is where they were in the late 1930s.
The quantity of funds in people’s checking and savings accounts is at an extraordinarily high level, as well. This is partly because of the availability of debt at these low interest rates.
Thus, even before the Ukrainian invasion, oil prices were raised about as high as they could go, through low interest rates and generous debt availability. With all this stimulus, Brent Spot Oil prices averaged $86.51 in January 2022. Even now, with all the disruption of the attack by Russia against Ukraine, oil prices are below the $120 threshold that producers seem to need. This price issue, plus the corresponding low-price issues for natural gas and coal, is the problem that Russia is concerned about.
Prices for imported coal and natural gas have bounced very high in the last few months, but no one expects these high prices to last. For one thing, they are too high for the European manufacturers that use imported coal or natural gas to stay in business. For example, producers that create urea fertilizer using natural gas find that the price of fertilizer produced in this way is way too high for farmers to afford. For another, the electricity produced by burning the high-priced natural gas or coal tends to be too expensive for European households to afford.
[4] The fundamental problem behind recent low oil prices is the fact that the current mix of consumers cannot afford goods and services produced using the high oil prices that producers, such as Russia, need to operate, pay high enough wages, and do adequate reinvestment.
When the price of oil was very low, back before 1970 (see Figure 3), it was relatively easy for consumers to afford goods and services made with oil. This was the period when the world economy was growing rapidly, and many people could afford to purchase automobiles and buy the oil products needed to operate them.
Once the cost of oil extraction started rising because of depletion, it became more and more difficult to keep prices both:
- High enough for oil producers, such as Russia, and
- Low enough to make affordable goods for consumers, as was possible prior to 1970
To try to hide the increasingly difficult problem of keeping prices both high enough for producers and low enough for consumers, central banks have lowered interest rates and encouraged the use of more debt. The idea is that if a person can buy a fuel-efficient car at a low enough interest rate and over a long enough term, perhaps this will make the vehicle more affordable. Similarly, interest rates on home mortgages have fallen to very low levels. All of this, plus the fact that debt is used to finance new factories and mines, leads to the relationship we saw in Figure 4 between oil prices and debt availability, related to interest rates.
[5] No one knows precisely how much oil, coal and natural gas can be extracted because the quantity that can be extracted depends on the extent of the price rise that can be tolerated without plunging the economy into recession.
If prices of these fossil fuels can rise very high (say, $300 per barrel for oil, and correspondingly high prices for other fossil fuels), a huge amount of fossil fuel can be extracted. Conversely, if energy prices cannot stay above the equivalent of $80 per barrel oil for very long without a serious recession, then we may already be very close to the end of available fossil fuel extraction. Both oil and gas producers and coal producers can be expected to go out of business because prices do not leave a sufficient margin for the required investment in new fields to offset the depletion of existing fields. Renewables will falter, as well, because both building and maintaining renewables requires fossil fuels.
The amount of resources of any kind (fossil fuels and minerals such as lithium, uranium, copper and zinc) that can be extracted depends upon the extent of depletion that the economy can tolerate. Depletion of any kind of resource means that a bigger effort (more workers, more machinery, more energy products) is required to extract a given quantity of each resource. It is clear that the entire economy cannot be transferred to the extraction of fossil fuels and mineral resources. For example, some workers and resources are needed for growing and transporting food. This puts a limit on how much depletion can be tolerated.
What Russia (as well as every other oil producer) would like is a way to get the tolerable oil price up significantly higher, for example, to $150 per barrel, so that more oil can be extracted. The hope is that a Russia-and-China-centric economy might be able to do this. Ideally, the tolerable maximum price for coal and natural gas would rise, as well.
[6] Europe, in particular, cannot afford high oil prices. If interest rates are increased soon, this will make the problem even worse. China seems to have definite advantages as an economic partner.
Europe is already having difficulty tolerating very high prices of imported natural gas and coal. Rising oil prices will add even more stress. Central banks are planning to raise interest rates. These higher interest rates will make loan payments more expensive. These higher interest rates will tend to push Europe’s economy further toward recession.
Given the problems with Europe as an energy importer, China would seem to have the possibility of being a better customer that can perhaps tolerate higher prices. For one thing, China is more efficient in its use of energy products than Europe. For example, many homes in the southern half of China are not heated in winter. People instead dress warmly inside their homes in winter. Also, homes and businesses in northern China are sometimes heated with waste heat from nearby coal-fired electricity plants. This is a very efficient approach to heating.
China also uses more coal in its energy mix than Europe. Historically, coal has been much less expensive than oil. What is needed is a low average price of energy. A small amount of high-priced oil can be tolerated in an economy that uses mostly coal in its energy mix. When all costs are counted, wind and solar are very high-priced energy sources, which contributes to Europe’s problems.
In recent years, China’s consumption of energy products has been growing very rapidly. Perhaps, in the view of Russia, China can use high-priced fossil fuel better than other parts of the world.
[7] Russia realized that the rest of the world is utterly dependent upon its fossil fuel exports. Because of this dependency, as well as the physics-based connection between the burning of fossil fuels and the making of finished goods and services, Russia holds huge power over the world economy.
The world economy should have known about the importance of fossil fuels and the likelihood that the world economy would face depletion issues in the first half of the 21st century, ever since a speech by Rear Admiral Hyman Rickover in 1957. In this speech, Rickover said,
We live in what historians may someday call the Fossil Fuel Age. . .With high energy consumption goes a high standard of living. . . A reduction of per capita energy consumption has always in the past led to a decline in civilization and a reversion to a more primitive way of life.
Current estimates of fossil fuel reserves vary to an astonishing degree. In part this is because the results differ greatly if cost of extraction is disregarded or if in calculating how long reserves will last, population growth is not taken into consideration; or, equally important, not enough weight is given to increased fuel consumption required to process inferior or substitute metals. We are rapidly approaching the time when exhaustion of better grade metals will force us to turn to poorer grades requiring in most cases greater expenditure of energy per unit of metal.
. . . it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today’s unit cost are likely to run out at sometime between the years 2000 and 2050, if present standards of living and population growth rates are taken into account.
I suggest that this is a good time to think soberly about our responsibilities to our descendants – those who will ring out the Fossil Fuel Age. Our greatest responsibility, as parents and as citizens, is to give America’s youngsters the best possible education [including the energy problem of a world with finite resources].
Many people today would conclude that world leaders have done their best to ignore this advice. The likely problem with fossil fuels has been hidden behind an imaginative, but false, narrative that our biggest problem is climate change caused primarily by fossil fuel extraction that can be expected to extend until at least 2100, unless positive steps are made to hold back this extraction.
In this false narrative, all the world needs to do is to move to wind and solar for its energy needs. As I discussed in my most recent post, titled Limits to Green Energy Are Becoming Much Clearer, this narrative of success is completely false. Instead, we seem to be hitting energy limits in the near term because of chronically low prices. Wind and solar are doing very little to help because they cannot be depended upon when needed. Furthermore, the quantity of wind and solar available is far too low to replace fossil fuels.
Few people in America and Europe realize that the world economy is entirely dependent upon Russia’s exports of oil, coal and natural gas. This dependency can be seen in many ways. For example, in 2020, 41% of world natural gas exports came from Russia. Natural gas is especially important for balancing electricity from wind and solar.
North America has historically played only a very small role in natural gas exports; it is questionable whether North America can ramp up its total natural gas production in the future, given the depletion problems being experienced with respect to the extraction of oil and the associated natural gas from shale formations. Continuously high oil prices are necessary to justify ramping up production outside of sweet spots. If drillers consider long-term prospects for oil prices to be too low, the associated natural gas will not be collected.
Europe is especially dependent upon natural gas imports (Figure 9). Its imports of natural gas exceed the exports of Russia and its affiliated countries in the Commonwealth of Independent States, referred to as Russia+ in Figures 8 and 9.
Without the natural gas exports of Russia and its close affiliates, there is no possibility of supplying adequate natural gas exports to the rest of the world.
Diesel fuel, created by refining oil, is another energy product that is in critically short supply, especially in Europe. Diesel fuel is used to power trucks and farm tractors, as well as many European automobiles. An Argus Media report indicates that Russian supplies account for 50% to 60% of Europe’s seaborne imports of diesel and other gasoil, amounting to 4 to 6 million tons of fuel per month. It likely would be impossible to replace these imports, using supplies from elsewhere, without bidding the price of these imported fuels up to a much higher price level than today. Even then, countries outside Europe would be left with inadequate diesel supplies.
[8] Russia’s attack on Ukraine seems to have been made for many reasons.
Russia was clearly frustrated with the current situation, with NATO becoming increasingly assertive within Ukraine itself, even though Ukraine is not itself a NATO member. Russia is also aware that in some sense, it has far more power over the world economy than most people realize because the world economy is utterly dependent on Russia’s fossil fuel exports (Section 7). Sanctions against Russia will likely hurt the countries making the sanctions as much or more than they hurt Russia.
There were also several concerns that were specifically Ukrainian giving rise to the attack on Ukraine. There had been long standing conflicts about natural gas pipelines. Was Ukraine taking too much natural gas out as a transit fee? Was it paying the correct fee for the natural gas it used? Ukraine also seems to have mistreated quite a few Russian-speaking Ukrainians over the years.
Russia has become increasingly frustrated with the small share of the world’s output of goods and services that it receives. The way the economic system works today, those who provide “services” seem to receive a disproportionate share of the world’s output of goods and services. Russia, with its extraction of minerals of many kinds, including fossil fuels, has not been well compensated for the great wealth that it brings to the world as a whole.
Over the years, Russia’s great strength has been its military. Perhaps Ukraine would not be too large a country to do battle over. Russia might be able to eliminate some of its irritations with Ukraine. At the same time, it might be able to make changes that would help to raise what have become chronically low fossil fuel prices. The sanctions that other countries would make would tend to push the required changes along more quickly.
If the sanctions really did push Russia down, the result would tend to push the whole world economy toward collapse, because the rest of the world is extremely dependent upon Russia’s fossil fuel exports. In Figure 1, the laws of physics say that there is a proportional response to the quantity of energy “dissipated”; if a greater output of goods and services is desired, more energy input is required. Efficiency changes can somewhat help, but efficiency savings tend to be offset by the higher energetic needs of the more complex system required to achieve these savings.
If energy prices do not rise high enough, we will somehow need to get along with very little or no fossil fuels. It is doubtful that renewables will last very long either because they depend upon fossil fuels for their maintenance and repair.
[9] If higher energy prices cannot be achieved, there is a significant chance that the change in the world order will be in the direction of pushing the world economy toward collapse.
We are living in a world today with shrinking energy resources per capita. We should be aware that we are reaching the limits of fossil fuels and other minerals that we can extract, unless we can somehow figure out a way to get the economy to tolerate higher prices.
The danger that we are approaching is that the top levels of governments, everywhere in the world, will either collapse or be overthrown by their unhappy citizens. The reduced amounts of energy available will push governments in this way. At the same time, programs such as government-funded pension plans and unemployment plans will disappear. Electricity is likely to become intermittent and then fail completely. International trade will shrink back; economies will become much more local.
We were warned that we would be reaching a time period with serious energy problems about now. The first time came in the 1957 Rickover speech discussed in Section 7. The second warning came from the 1972 book, The Limits to Growth by Donella Meadows and others, which documented a computer modeling approach to the problem of limits of a finite world. The Ukraine invasion may be a push in the direction of more serious energy problems, emerging primarily from the fact that other countries will want to punish Russia. Few people will realize that punishing Russia is a dangerous path; a serious concern is that today’s economy cannot continue in its current form without Russia’s fossil fuel exports.
Yeah, Valeria gets my vote as well. 😍
Did you watch the video? The photos don’t do her justice…
I actually sent that to a good mate who’s single and in his 40’s … ‘my gift to you’… hate to see her end up with norm… poor thing…
‘LOL’
哈哈
> China to boost stakes in Russian companies
Investors eye energy giant Gazprom and aluminum producer Rusal
China is considering acquiring or increasing investments in Russian energy and natural resource companies, Bloomberg reported on Monday, citing sources.
According to the publication, Chinese investors are specifically interested in Russian state energy giant and major gas exporter Gazprom and aluminum producer Rusal.
The Russian authorities are reportedly in talks with state-owned Chinese companies such as China National Petroleum Corp., China Petrochemical Corp., Aluminum Corp. of China, and China Minmetals Corp. regarding investment opportunities in Russian assets, the sources said.
Many foreign companies have been severing ties with Russian producers amid sanctions. Energy majors BP, Shell, Equinor, OMV, and Exxon Mobil announced over the past few days they would be suspending operations in Russia and scrapping contracts with Russian firms. On Tuesday, US planemaker Boeing said it would stop buying Russian titanium used for aircraft production.
https://www.rt.com/business/551516-china-to-boost-stakes-in-russia/
Self-organizing economies will tend to fix themselves. If the US and other buyers choose to back out of buying products from Russia, China will step in.
I bought about 100 shares a few years ago after reading about the Power of Siberia plans.
I would buy Gazprom shares if I could, but it looks like all trading is blocked. Gazprom will be making money and paying dividends.
As for this round, fortunately I sold virtually all I had at ca. $9.80 a couple of months ago.
I still have 5, valued at I think $1.10.
So they (China) got all this, plus the connector diverting gas from Yamal towards Asia, without firing a shot. Really, from now on there will be growth only in Eurasia, exclusive of Europe… 2030, Turkmenistan has higher standards of living than most of Europe?
Forecaster, Martin Armstrong has been predicting for several years now that by 2030, China will be the “Financial Capital” of the world. It looks like it’s all heading in that direction.
What planet are you on?!?!? We are running out of resources! It is not 1958 with lots of oil.. Russian oil is on decline just like everything else…. I will be surprised if we make it it to 2030.
luckily none of the russian oil will go to the west now. so there are savings there.
Russia’s coal isn’t doing very well either. This is a big issue.
Remember that most if not all of China’s major building companies are to all intents and purposes bankrupt. No doubt the CCP will find a way to keep them a float for a while longer.
China will need to cut way back on building new apartment buildings to have enough resources for other projects, I expect. Road building will need to be cut back as well, I expect.
The supply of cement seemed to be endless in China, and other countries where it is investing.
Maybe that cement wasn’t such good quality.
Unlike the cement the Romans used in building their aquaducts.
Now it seems like cement (the materials and energy required to manufacture and use it), too, is a dwindling resource
Joe Blogs does a useful review of various metals Russia exports in his YT video today: palladium, platinum, vanadium, nickel, cobalt, titanium, gold. Gold not so much, but Russia is a major supplier of all these metals to the West, and cutting off supplies is going to be a very painful experience for us.
RUSSIA – Metal Prices Rising FASTER Than Oil Prices. Shortages & Costs Increase Risk of RECESSION
Most of us have no idea how many supply lines will be affected by loss of these exports.
Yeah, too bad our “leaders” didn’t game this out in advance.
The game goes:
Russia overplayed the cards and we can gobble it up.
One of the main fallacies of lay persons is:
“The government is stupid”
If you want my turn on this:
“The government is evil”
Unfortunately this does noit rhyme in the minds of the governed.
Germany’s Economic And Environment Ministries Advise Against Extending Nuclear Plants To Combat Energy Fears
You guys are so wrong….. see the German Minister says it has no impact at all for not extending the NPPs.
https://www.zerohedge.com/markets/germanys-economic-and-environment-ministries-advise-against-extending-nuclear-plants-combat
Do I need a sarc tag?
Perhaps Germany doesn’t mind freezing in the dark.
Almost as bright as the vaxx-crazy German health minister……
Yes you do — for norm hahahahaahahahahahaha
mike’s mostly gone now … vaxxident? dunc — I suspect he’s 6ft under … anna… dead…
Only norm left… the last of the MO… Mohicans ….
Anybody notice that we’ve exterminated most of the DelusisTANIS on OFW? We have distilled the site and now have the finest intellects on the planet in one place…. is it a coincidence that the world is ending just as we hit the OFW pinnacle?
you haven’t ‘exterminated ’ anybody eddy…….everyone else has rolled their eyes, passed by and gone home, better things to do…
One can only exchange with comparable intellect—-one does not ‘compete’ with a 5 year old, that really would be self-demeaning.
Look at you norm… barely even able to hold a thought after all the boosters… and lashing out incoherently …. while OFWers stand back and mutter … oh my… oh my…. what a disgrace…
its good that living in a conspiratorium makes you feel so secure and happy eddy
It is all so sad what is going on here.
Next winter will be….interesting.
Azov is creating a hundred little siege of Stalingrads. The Azov will not let the starving civilians leave. Rather than a fast dead from bombs the civilians will die a slow death of starvation.
Azov is the white supremacist group in Ukraine. According to what you are saying, it will not let starving civilians leave. This group is causing problems by not letting civilians leave. You mention slow deaths by starvation. There is also the possibility of viruses and bacteria leading to earlier deaths in weakened civilians.
There is also the possibility that special units will be deployed to take them out. We’ll soon find out.
Meanwhile there is a bull market in virtue signaling and bake sales for Ukraine. But they fail to answer, or even ask, the obvious question: How to get any humanitarian aid past the Asov guys?
Where were the bake sales when 13,000 were killed by artillery in Donbass?
The situation of the non-combatants is horrendous.
They should let them go, and then fight like the men they claim they are.
Like Zelensky, they are paid by Kolomoisky.
”Ukraine Reports Loss of U.S.-Built Patrol Boat by Russian Missile.
A U.S.-built patrol boat that had been transferred from the U.S. Coast Guard to the Ukrainian Navy as part of the efforts to build up its sea forces is reported to be among the causalities. In 2018, the then 30-year-old vessel was transferred to Ukraine along with another vessel from the Island Class as part of five vessels sent from the United States to Ukraine to increase the country’s naval defenses.”
– Did we give weapons to the Ukraine?
– Me? No…
https://www.maritime-executive.com/article/ukraine-reports-loss-of-u-s-built-patrol-boat-by-russian-missile
Oops!
a classic for eddy and his clothing worshippers
https://medium.com/the-cult-of-fools/pastor-says-99-sure-russia-not-invading-ukraine-29bb5e7f1546
anyone seriously interested in finding out stuff for themselves, rather than reading eddy’s self promoting hysteria, should consider reading Newsguard
it would seem to offer an antidote to disinformation, which seems to be the increasing specialism of this forum.
https://www.newsguardtech.com
it covers all of eddy’s favourite subjects, and more.
on the other hand—continue with self delusion by all means
Partners include MSN, US Department of Defence and World Health Organisation, to name but a few. Guess I’ll have to remain misinformed.
Quite, Yorchichan
Poor old Norman’s basic thesis seems to be that those who do not follow the MSM/ WHO/WEF, etc, propaganda, and swallow it hook line and sinker are mad. deluded or willing victims of ‘misinformation’.
It’s rather pathetic to witness, but he does after all exemplify the basic attitude of the propaganda-addled general public, so we know what to expect from them.
Frankly, they terrify me in their ignorance and smugness.
Hope the taxi business is doing OK.
Busiest ever start to the year as a York taxi driver. A lot of people must, like me, still be reluctant to travel abroad whilst they have to jump through hoops to do so. I’m slightly more optimistic about not dying on my doorstep before the year is out than I was at the start of the year, too.
On the other hand, talking as I do to many people, it is disturbing how easily hatred of anti-vaxxers has been turned into hatred of Putin. After so many lies over the last two years, I no longer believe anything I see in the MSN. I usually assume the opposite is true. Similar to Norman’s comments, really.
Hope book-binding is likewise keeping you busy in your pleasant part of England. Also, what’s happened to your mate James? Megacancer has never been down for this long before.
MEGACANCER JAMES, if you are out there send us a sign!!! His silence is concerning….
Glad to hear that you are busy: who would not wish to visit York on a crisp sunny day?
And enjoy an utterly authentic – perhaps Viking, they were such great traders and wanderers – curry and chips!
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
Similar to Norman’s comments, really.
you mastered copy and paste!!
success, a big jump from h’s and a’s and you’ve obviously been on medication for vowelitis, which is good too.
well done eddy–intellect will always find a way.
Sorry Norm, it was a cheap shot. You are actually really good on energy matters.
stuff just bounces off me, but don’t tell eddy.
he’ll start foaming at the mouth again if he hears about it. That literally everything revolves around energy availability.
I wrote: ‘The End of More’ 10 years ago. So I was perversely pleased this morning, diesel had jumped 20p overnight, I feel for you, trying to run a taxi business. We are all going to suffer, one way or another.
Back then I just couldn’t put a date on it. But I guessed and wrote, many times, mid 2020s.
You are good at absorbing what Gail teaches you norm….
….. but completely hopeless on everything else”
hahahahaha FIFY
nearly everything else
norm = expert on blow up dolls
absolutely eddy
i teach them the fundamental lesson that all blow up dolls need to learn
always avoid little pricks
We are close to eliminating all the MOREONS from OFW… we need a little help from the Boosters…
That said … we’d all end up fat and feeble if we lost our punching bags…
stay that way if you insist
this is a list of investors in Newsguard:
https://www.newsguardtech.com/about/our-investors/
your information may be part of ‘disinformation’ too
Who checks the checkers?
Newsguard are highly questionable.
“NewsGuard was founded by two veterans of mainstream journalism: Steven Brill (who previously founded Court TV, the Yale Journalism Initiative and The American Lawyer), and Gordon Crovitz, former publisher of the Wall Street Journal.
When it launched, NewsGuard had a team of 25 professional journalists, purportedly to evaluate the reliability of news sources.
Two other key founding members of NewsGuard, who are still with the company, include James Warren and Eric Effron.
Brill and Crovitz are members of the U.S. Council on Foreign Relations, a highly influential U.S. foreign policy establishment think tank.
This stance is further reflected in the makeup of NewsGuard’s advisory board, which includes a who’s who of individuals from the political, intelligence, Big Tech and media establishments, including:
Don Baer, who served as White House communications director during the administration of Bill Clinton
Arne Duncan, who served as Secretary of Education during the administration of Barack Obama.
(Ret.) General Michael Hayden, former director of the CIA, former director of the NSA, and former Principal Deputy Director of National Intelligence.
Leo Hindery, Jr., the former chairman of the National Cable Television Association.
Elise Jordan, a political analyst for NBC News and a former speechwriter for Secretary of State Condoleezza Rice, under the administration of George W. Bus.
Kate O’Sullivan, general manager for digital diplomacy of Microsoft.
Anders Fogh Rasmussen, former general secretary of NATO, former prime minister of Denmark, and founder of the Alliance of Democracies Foundation.
Tom Ridge, the first Secretary of Homeland Security, under the administration of George W. Bush.
Richard Stengel, former editor of Time Magazine and former Undersecretary of State for Public Diplomacy under the administration of Barack Obama. He is the author of “Information Wars: How We Lost the Global Battle Against Disinformation and What We Can Do About It.”
Jimmy Wales, co-founder of Wikipedia.
Members’ association with the military and intelligence community and their connections to major technology companies and media outlets that support COVID measures and mandatory vaccination cannot be overlooked.
Looking at NewsGuard’s team members, similar connections can be made to the media, political and intelligence establishments.
Two team members, Alex Cadier and Amy Westfeldt, have previous “fact-checking” experience. Cadier worked with Agence France-Presse’s AFP Fact Check Service since 2020, with a focus on “COVID-19 vaccine misinformation, 5G conspiracy theories and other myths.”
Westfeldt produced The Associated Press’ first fact checks, soon after the 2016 U.S. presidential election, in conjunction with Facebook. He also founded the “Not Real News” fixture.
Two other team members, Nerissa Beekharry and Cynthia Brill, were previously associated with Verified Identity Pass, operator of the Clear Pass for airport security checkpoints.
And at least two team members, Sam Howard and Sruthi Palaniappan, were involved in presidential campaigns: Howard with the Obama 2012 campaign and Palaniappan with Hillary Clinton’s campaign in 2016, the same year he was a delegate at the Democratic National Convention .
NewsGuard’s partnerships also reflect an affinity for entities associated with Big Tech, the military and intelligence establishments and government more broadly — even as a private initiative.”
In other words… it’s garbage…
https://rwmalonemd.substack.com/p/advocacy-journalism-is-propaganda?s=r
norm’s contribution to OFW – garbage….
mike do you mind to take norm’s garbage off of OFW and dispose of it
The names of investors mean about as much to me as a list of investors in a fact-checking company.
I notice Tom Glocer is on that list. Former CEO of Reuters and attender of WEF meetings at Davos. A man to be trusted for sure!
https://en.wikipedia.org/wiki/Tom_Glocer
Norman: It simply does not matter any more.
We already understood that “investor” is a word without any meaning.
Any!
You can look at your charts day in day out, you are just a stupid cubicle Plough Hog.
whatever. just go ahead…
“If you don’t read the newspaper, you are not a MOREON. If you do read the newspaper, you are MOREON.”
What about the BBC — they have a popup that says Why the BBC is a trustworthy source of news’
Reminds of that motherf789er Chinese Indonesian who expressed interest in our Bali property – he visited 3x and said on the final visit — you can trust me…. our nominee informed us soon after than he approached with a bribe to cut us out of the deal….
There are a few people in Bali that I would not hesitate to have exterminated… if I had diplomatic immunity… I suspect $500 would get it done
Gipsies here charge £1k to get rid of a nuisance, a very reasonable price.
Probably going up with inflation though…
In the meantime.. Austria suspends mandatory Covid-19 ‘vaccination’ (also said: experimental genetic therapy).
Not any more necessary.
https://www.tio.ch/dal-mondo/attualita/1570361/non-piu-proporzionato-l-austria-sospende-l-obbligo-vaccinale
Glad to hear that. Doesn’t work may be an issue, as well, I suspect.
And now all images, videos, social network profiles etc. of Putin, Zelensky et comp. should be removed from the internet, so that a reset is possible.
If Zalensky keeps this up, it looks like he is getting plenty of exercise. Not very dignified behavior for the president of Ukraine, however.
https://www.onenewspage.com/video/20220302/14438627/Ukrainian-President-Volodymyr-Zelensky-in-gay-show.htm
still up — norm are you happy?
General Marco Bertolini explains on Italian TV that giving weapons to the Ukranians is a bad idea.
It is like ‘pouring gasoline on the fire’
https://www.ilparagone.it/attualita/bertolini-armi-ucraina-benzina-sul-fuoco/
Russian ambassador in Italy Sergey Razov was shocked to see that the Italian decision to deliver weapons to the Ukranians was taken right at the beginning of the negotiation between Russia and Ukraine.
https://www.lantidiplomatico.it/dettnews-ambasciatore_russo_razov_e_scioccante_come_la_decisione_di_inviare_armi__stata_presa_proprio_allinizio_dei_negoziati/45289_45480/
no gas for you!
No gas, or oil, or food for you.
People cannot see that “giving up” might be a good idea.
Oh wow
Between 6th Jan and 11th Feb, the immune system performance of the fully vaccinated equated to -49%, meaning they were down to the last 51% of their immune system. But fast forward to 24th Feb, and we find that the immune system performance of the fully vaccinated in New Zealand has fallen to -74%, meaning the fully vaccinated populations immune systems have degraded by a further 25% in just 13 days, and they are now down to the last 26% of their immune system.
https://dailyexpose.uk/2022/03/02/nz-moh-data-fully-jabbed-have-vaids
One of the things that keeps this information from spreading is the fact that when only deaths are considered, vaccination still looks beneficial.
This report only shows risk of catching COVID is higher for those who are vaccinated. While this is a worry (at least for some people), the MSM story has revolved around the risk of severe illness (hospitalization) and death. The vaccines allegedly prevent both of these outcomes.
The charts shown do not show that the risk of hospitalization for the vaccinated is up. It just shows that the risk of hospitalization is sort of high.
It also doesn’t show the risk of death for the vaccinated versus the unvaccinated (especially the older unvaccinated people). The data may be too thin for the death analysis, but it should be sufficient for a proper hospitalization analysis.
Poor mike….
Official New Zealand Ministry of Health Data shows the Fully Vaccinated are developing Acquired Immunodeficiency Syndrome
The New Zealand Ministry of Health are presenting Covid-19 data in a way that misleadingly suggests the Covid-19 injections are extremely effective, and they are deceivingly doing their upmost to ensure you cannot prove otherwise.
But as is always the case here at The Expose, where there is a will, there is a way, and we have managed to uncover the true nature of the current Covid-19 situation in New Zealand according to the Ministry of Health’s buried statistics, and the data strongly suggests the fully vaccinated are developing Acquired Immunodeficiency Syndrome (AIDS).
https://dailyexpose.uk/2022/03/02/nz-moh-data-fully-jabbed-have-vaids
no harm right mike …. hahahaha…. just a touch of V(AIDS) hahahahaha’
I was almost off to bed to read … but picked up some Telegram messages … and this wonderful news showed up hahahahaha… what a GREAT way to finish off what has been a fantastic day hahaha
https://twitter.com/i/status/1500926256363171840
Not because of supply chain issues.. because we are past peak….
And Ukraine is a way to paper over this so that they can blame ‘the war’ and insist it’s temporary …
But the reality is — this is as good as it will ever get…. can’t have the cattle realize they are entering the kill zone …
It sounds like Biden will have zero chance of being re-elected.
No need to be concerned about re-election when everyone is dead 🙂
Putin et comp. are not really o.k. mentally: Ukraine is not some 1-2 or 2 million country. It is getting 40 million people going. It is like Irak or Afghanistan, but in the cold climate.
That is really insane.
Wait till there is a favourable wind… blowing towards the Black Sea….then drop …say …. 1000 nukes into Ukraine… problem solved… ya maybe a bit of peripheral damage… norm’s hunny gets scrubbed…
But it’s worth it I reckon …
This short YT video was posted over on Automatic Earth yesterday. About 9 min long, the speaker, Douglas Valentine, explains how CIA operatives have been based in Ukraine since 1948, with the dual aim of controlling and profiting from Ukrainian businesses mafia-style, and bringing down Russia. The original Ukraine/East Berlin chief CIA officer was a ‘recycled’ Nazi Military Intelligence officer, Reinhard Gehlen.
The CIA: 70 years in Ukraine (excerpt from, The CIA As Organized Crime by Doug Valentine)
Very interesting, thank you!
Two Republican-led Senate committees issued a politically charged report on Wednesday, alleging the work Joe Biden’s son did in Ukraine constituted a conflict of interest for the Obama administration at a time when Biden was engaged in Ukraine policy as vice-president.
The Duke and Duchess of Sussex pictured in January.
Harry and Meghan criticised after video urging Americans to vote
Read more
But despite saying Hunter Biden having a position on the board of a Ukrainian energy company was “awkward,” “problematic” and interfered with “efficient execution of policy”, the report said it was ultimately “unclear“ what impact that may have had on the Obama administration policy with regard to Ukraine.
And it offered no evidence to support one of Donald Trump’s more incendiary allegations – that Joe Biden pressured Ukraine to fire its top prosecutor as a way to protect his son.
The Guardian.com
Thanks for posting.
I can’t find this at Automatic Earth.
Can you post a URL for it there?
Thanks.
Glad also to learn of Automatic Earth.
Looks like a good source.
A Russian documentary by an award=winning Russian film maker also chronicles this post-WW2 history of Ukraine, spotlighting the level of anti-Russian brainwashing that has occurred in the Ukraine. I haven’t yet watched all of it.
Here is a link.
https://odysee.com/@TheFreedomCycle:0/the-truth-and-history-behind-present:7
>> I can’t find this at Automatic Earth.
>> Can you post a URL for it there?
“CIA in Ukraine – Douglas Valentine”
https://www.theautomaticearth.com/2022/03/debt-rattle-march-8-2022/
Cheers
https://www.youtube.com/watch?v=_LD_tSKYRL8
Dead hahahahaa
it would have been soooo much worse if she had not been jabbed. hahahahahahaha
HOLY F789… CTG have you seen this
https://markcrispinmiller.substack.com/p/vaccinated-singertv-host-roslan-shah-926?s=r
Yup. Roslan just collapsed..
I hope she’s ok and getting more boosters.
It’s starting to look like Genocide, everywhere you go !
https://www.bitchute.com/video/Bsa9y5YKUAra/
Can’t they find any REAL atrocities committed by the Russians in Ukraine?
A badly hurt “Ukrainian” child who’s actually a Syrian
Cute kid, too.
https://markcrispinmiller.substack.com/p/cant-they-find-any-real-atrocities?s=r
A normal and sane person would have infered already that all those parties are using the same PR agency, right? I wonder what is Rita Katz doing? Perhaps she has lost appeal to orange jumper suits, white nikes and toyota pick ups.
Deadly Omicron Surge Hits South East Asia Despite High Vaccination Rates
https://dailysceptic.org/2022/03/08/deadly-omicron-surge-hits-south-east-asia-despite-high-vaccination-rates/
https://dailysceptic.org/wp-content/uploads/2022/03/coronavirus-data-explorer-2022-03-07T164531.083-1536×1084.png
Remember how the MSM said this was mild… and how many of us here we saying the MSM lies… so why are people dismissing this?
See the many graphs on that article
gold $2,065
it’s obvious that the system is in trouble when “they” are losing control of their downward manipulation of gold prices.
If there is no deal this week we will be discussing the dollar in past tense next week.
Do you want to bet!?
On the possibility of a deal? Or on the possibility of a dollar?
Not sure in what form i want to hedge those bets? Any creative idea?
Acronym of the day is “LSF”
Lemon Squeeze Failure.
We are not yet over “three weeks to flatten the curve” so the squezing of the lemons being the eastern and the western block just goes on.
It is very sad that I have to repeat myself here:
We are in an ongoing war situation at least for the last 2 years being a war against every single human being on this planet AND the planet itself.
A dollar exchange vallue is not of ANY interest in the realm of:
“Make them eternal slaves”
We could define a country as a civilization centre.
In the current conflict of Russia and Ukraine, both of these civilization centres implode because of the lack of the energy, as these countries are situated in the cold areas.
Sometimes a metropolitan area, like Donbas or Luhansk, tries to detach from the rest of an existing country considering itself as the civilization centre. They are like the medieval city states.
But this cherry-picking attitude is erroneous when there is no energy to support their existence Russia is intervening for their sake only based on the high revenues from oil and natural gas. They can not exist on their own.
When the support from Russia stops, these regions can not survive as independent states on their own.
It is like South America speaking Spanish, but having multiple states with Spanish. But in the case of South America, they are defined by some geographical borders like rivers, mountains, plains.
I do not understand why Russia intervenes in creating the mini states which have no such borders and which are based purely on the Russian ethnicity principle from the metropolitan areas with another ethnicity of Ukrainians.
We should not allow Russia to have profits from oil and natural gas using the energy of the West, that is organized into multiethnic big units like USA, EU in warmer areas, for creating some fake independent states in the cold area.
Slovakia separated from Czechoslovakia, but, anyway, joined the EU, because it could not exist on its own. I personally detest to define myself as a Slovak, as the cold clmt of Slovakia does not suit me.
I bet, that without the energy from fossil fuels or nuclear, the inhabitants of any cold country readily give up their nationality.
central Africa is on the equator, so why not just move south?
I bet you would really love it there.
Not so far. I do not have a black skin. Maybe some mediteranean, middle east clmt. Clmt not the failing states…
aren’t most of the warm countries also failing states?
Were there any higher civilizations/states in the cold areas in the past?
but this isn’t the past.
these are the great glory days of wonderful magnificent bAU in supremely awesome IC.
There is equatorail countries in central and south america, too. And you won’t need black color skin 😉
I lost you at “We should not allow Russia to have profits from oil and natural gas using the energy of the West”. which energy of the west?
Something like: Our oil under their sand?
If there is a need to eliminate cold, inefficient countries, why not start with Canada? No nukes, no heavy metallurgy, no hypersonic missiles. quite a bit of mineral and fossil resources. Then work your way through oil-rich Norway, as you refine your cold country takeover skills, before doing the heavy lifting. The US and its friends have done so, Iraq, Afghanistan, Iraq, Lebanon, Syria, Lybia, Mali, Sudan, working their way to Iran.
Mountain General?Horski General, it seems your rationalization flows from the gamer ideology. Too bad that reality is not HOI IV game and geopolitics don’t follow claushevitz engine and RNG.
You better stick to what you know – cheating the HOI IV engine.
Donbas or Luhansk have valuable coal deposits.
Well, I guess there’s nothing to worry about because it’s now possible to survive a full scale nuclear war. 😜
https://peakprosperity.com/should-we-be-worried/
“Nuclear war in 2022 is just as mad as 1962, yet we seem hellbent on poking the bear and possibly starting a war no one should want.
So, while Biden has yet to change the Defcon levels, prudent people need to ask: Are we at Defcon 2 again? And what can we do about it?
The reality is there is a lot we can do.”
that last sentence is delusional.
A map of the situation on the ground:
https://dxczjjuegupb.cloudfront.net/wp-content/uploads/2022/03/Selection_196.jpg
> The Kiev government is scattered to the winds. That government and its former military command are separated with no hope of reconnection.
Nearly all military of Ukraine are trapped, blocked in cities or ensnared in cauldrons with no hope of breaking out or surviving the salvos that will come as soon as they release their human shields.
All this in 13 days.
is the blue striped area where the Ukrainian Azov Notzees are surrounded?
Various Ukrainian state and allied armed forces appear to be cauldroned in Donbass, including Aidar Battalion, Territorial defence battalions, Special Operations Forces, Alpha Group, National Guard, Azov Battalion, Dnipro Battalion, Donbas Battalion, Georgian National Legion, Dzhokhar Dudayev Battalion, Right Sector, and Noman Çelebicihan Battalion, among others.
Sounds like they will not let civilians go then. How does Russia resolve that without creating even more of an enemy on their border?
the Azov Notzees using human shields should not be judged to be Russia’s fault.
Everyone here seems to just want Russia to win and decimate Ukraine. All on this Russo propaganda of nazi’s everywhere. And yes of course, Ukrainian army and govt scattered to the wind.
Do you guys even care about losses? The tremendous human and material cost that the Russian military is taking every day. Hundreds of tanks. 80+ helicopters. In TWO weeks. Many thousand soldiers killed, captured or deserted. Two Generals in the last 4 days. Both on front lines. Anyone care to ponder what in the hell Generals are doing on the front lines of battle? Look into that.
And yet it’s a glorious cauldron they’re setting for those nasty evil Ukrainians. It’s like a fantasy land in here since 2/24.
You don’t understand that the damage in Ukraine is tiny in proportion to the damage that is coming, indirectly because of the sanctions.
The harm inflicted by the sanctions against Russia are already pushing the world toward a new world order. Russia and China are being pushed closer together. The loss of resources from Russia will break a lot of very important supply lines. All of these things will lead to a huge contraction of the world economy, excluding Russia and China. The effects of the contraction of the rest of the world economy will greatly dwarf the impacts you are reporting.
In the new world order, nearly everyone will be a lot poorer because of broken supply lines. The US dollar will stop being the base for international trade. The US in particular will find shelves much less full. Social security may be cut off, and benefits from pension funds disappear. The health care system will go downhill greatly. The world will stop making helicopters, computers, cell phones and many other goods that we take for granted.
An excellent reply, Gail,to the imbecilities of ‘Calibob’, who my soon be hungrier, colder and more despairing than they ever dreamed possible.
I am falling back into a state of boredom…
When the Russians announced they were going to smack Ukraine I perked up — finally some good stuff to watch … a war in the time of mobile phones is a thing to behold…
I actually looked forward to waking up and seeing shots of the fighting … but alas.. there is nothing … I’ve pretty given up on this … enough photos of piled up trash and people walking around
That is not war… it’s arguably worse than fake bo-obs
There simply will not be a second Ukraine.
This will have to be sorted out right now. Costs ?
Quite high But we all knew that for WWIII and paid every month wit our tax dollars for that
New military organisations, new military equipment, Engage in more global confrontation, engage in more resistance fighting in the world with even more weapons and more sanctions and domestic terrorism laws. Be it Drugs or Moslems. Just get more of
YOUR
tax dollars for it and
YOU
paid!
We have been enabeling this situation at least for the last 40 years.
Sorry for the bad TV news tonnite, Bro.
Can we get some video of the fighting from people using their phones — tiktok twitter … maybe they don’t have phones in ukraine?
And btw – why not just nuke Ukraine – end of story.
Russia is being patient, and allowing corridors around the cities, in which the state forces are embedded, to allow as many civilians as possible to leave. Hundreds of thousands are getting out, while some of the state forces are trying to disrupt that with atrocities.
The usual warmongers want there to be civilian casualties so they can show them on television and justify the ultimate conflict they are hoping for. They’ve run this script before, most recently in Syria. If they can’t provoke causalities, they’ll cause them themselves. Remember the people running Ukraine are mostly not Ukrainians… and so they don’t care about those civilian areas. They’ve already evacuated who counts.
One idiot Ukr. soldier took a selfie inside a school, revealing not only his particular location, but the fact that they are using schools as military bases. Then if Putin bombs the school, it can be painted as an atrocity.
But even if all of this weren’t the case, Calibob, simply look at the lineup of people who are telling us to hate Russia. They are evil liars who are known to be evil and to lie. Whatever they tell me to do is bad for me, so I go against them just on principle.
Potemkin War
https://markcrispinmiller.substack.com/p/did-russia-bomb-a-maternity-clinic?s=r
Demand Destruction Arrives In Everything From Paper To Crackers
Earlier today, when discussing the various supply-driven actions at the disposal of politicians and markets to reduce the price of oil including SPR releases, core-OPEC surge, and potential lift of sanctions on oil imports from Iran and Venezuela – Goldman said that while such measures could help offset a sizable decline in Russian seaborne exports, they would leave the global oil market with no buffer, still requiring demand destruction through higher prices. In fact, Goldman – as well as JPMorgan, BofA and MS – have also been saying that demand destruction – i.e., a sharp, induced economic slowdown – is the only solution to soaring oil prices.
Well, sure enough, demand destruction is now here, gradually at first and then all at once.
Stratospheric oil prices are flowing through into the plastics industry with producers reducing activity as profit margins collapse, a first sign of the demand destruction that may spread to other sectors.
As Bloomberg notes, several Asian operators of plants that make the petrochemicals used as the building blocks for everything from children’s toys to car interiors have cut processing rates to as low as 80%. The facilities, known as crackers, typically run at or near full capacity.
https://www.zerohedge.com/markets/demand-destruction-here
Get ready for empty shelves!
What do you think of the Novavax vaccine Mr Eddy? Is it less dangerous than the mRNA? Becomes available in this sad corrupt country tomorrow. Two shots then I’ll be able to leave (permanently).
“All humans must be exterminated” – FE
You dont want it. This is from last Summer:
Prion disease comes with any vaccine which uses spikes. NovaVax might be the worst of the lot.
https://rumble.com/vs750b-attorneydr.-richard-fleming-novavax-vaccine-warning.html
Damnit.
Time to get that bucket list, fucket list, and happy powder lined up.
In this ethnically diverse sad country pockets of every other nation in the world await your discovery…or just pay that bum to take your shots and shoot the gap!
40:09: the outcomes of these prion diseases. The data shows that it is a problem for both {the virus and particular the vaccine}
https://www.thelastamericanvagabond.com/dr-fleming-interview-vaccinated-driven-variants-hiding-natural-immunity-creating-bioweapons/
https://rumble.com/vs750b-attorneydr.-richard-fleming-novavax-vaccine-warning.html
I guess “demand destruction” might also be called conservation.
Forced conservation.
Like a last gasp — before sinking under the waves…
Where’s the Devil Covid????? And where’s that guy with my extra truckload of firewood????
The plan is to shift to the guest cottage … it’s much smaller so easy to keep heated when winter arrives.
The Big Adventure starts soon! hahahahaha… Locknload!!!
Does it also have a Rayburn?
No it has a small modern wood burner.
Order from chaos that is the plan from the elders in order to pull off a halt in world population levels and bring in the great reset that will save the worrld from certain annihilation.
I wouldn’t count on the elders’ plan working.
Can anyone explain why the EU was ready to adopt any kind of sanction against Russia in record time, but nobody talked about introducing sanctions against the US when they invaded Iraq in 2003, even though the invasion was no less illegal and was based on the incorrect premise that Saddam Hussein possessed weapons of mass destruction?
Good point!
And why didn’t the EU sanction the US and NATO when they bombed Libya?
or the bombing of Yugoslavia
or Panama
The answer should be obvious. Europe has been occupied by the US military since WW2. They were in no position to take any meaningful action against the US even if it were in their interests to do so.
Give the man a coconut.
George the Invader invaded Afghanistan AND Iraq.
Cuz hypocrisy is a viable business model – when you have lots of weapons
Do you know what a lapdog is? Now you know.
German 5y5y inflation swaps are going unhinged
https://pbs.twimg.com/media/FNW-sKWVEAcB5nv?format=jpg&name=large
Looks like the design for a new roller coaster ride
I wonder how long before banks start having real problems.
“I wonder how long before banks start having real problems.”
Papering over cracks is now an art or even “The Science”. The side effects ? Inflation and shortages.
You can ignore reality but you cannot ignore the consequences of ignoring reality
If we get 3 more consequative days where the market closes in negative it is possible that we will see bank runs on Monday.
What do you mean by “3 days” ?
That simply does not exist!
We are on the largest bull market ever in any imaginable resource ever. People have cash without limits and are eager to sepnd it on consumer items, leisure and travel.
Ports are congested meaning that we really sell a lot of stuff!!!!
Increasing energy prices will pay huge dividents, so go and invest!
There will be no bank run what so ever because it was not televised to run.
Scientific integrity is dead. Here’s proof.
Two recent examples show that scientific integrity is pretty much dead worldwide. There are only a few people left who support these principles and they’ve been marginalized by all mainstream leaders.
https://stevekirsch.substack.com/p/scientific-integrity-is-dead-heres
PRO-VAX Lancet editor is dead dead dead!
https://www.thelancet.com/in-memoriam-john-mcconnell
hahahahahahahahahohohohohohohohohahahahahahaha!!!!!!!
VAXICIDE!
boosted to an early grave!!!!!!!
Hank Aaron Award for him.
how do you spell “irony”?
The article omits saying what he died of.
Don’t forget to send an anonymous message hahaaha https://www.headsupster.com/
He died of a Tuesday.
Or was it a Wednesday.
—Stan Laurel
You know you wanna…
You wanna do it…
If you would like to pass on your thoughts, reflections, and memories of John to his family, please email remembering@lancet.com
https://www.headsupster.com/
I’m gonna do it… I’m gonna .. I wanna.. do it…
done
“… the journal announced on February 25, 2022 that he’s dead. Did he die after the booster? What did the autopsy show was his cause of death? We are not allowed to know that. Nobody is talking. You gotta love the transparency.”
Have some respect for the dead, David! Have you no shame?!
John McConnell’s body may be lying on a slab somewhere awaiting tests. But at least he left some useful work behind him in the shape of a webinar last year entitled Demystifying COVID-19 Vaccines, the main aim of which was to persuade the general public that in the opinions of experts like himself, taking COVID-19 vaccines was much much much much safer than having to deal with COVID-19 with nothing but innate immunity.
https://www.elsevier.com/events/webinars/demystifying-covid-19-vaccines
At around 15 minutes in, John is talking about the different kinds of vaccine technologies, including the mRNA ones and the more conventional “dead virus” vaccines such as the Chinese one, and he says that what they all have in common is that “they all expose us to parts of the viral surface, which are not capable of reproduction, and we generate an immune response to a sort of dummy assault on us, so that when the real virus comes along we are primed and ready to respond.”
At this point, I would like to ask John a question: “John, how did that work out for you then?”
Yes, it is very sad that John has died suddenly before his time. No doubt about it. But the fact of the matter is that these mRNA injectables are killing and injuring people on an impressive scale. If he has died as a result of being injected, then as far as Big Pharma is concerned, he’s a victim of “friendly fire” and his death is an instance of collateral damage, a price worth paying in view of the overall objectives of Operation Vaxabillion.
It is also interesting that the jabbing campaign hasn’t got a cute formal name for public consumption, or a cute mascot or two. Despite the coercion, the persuasion and the guilt-tripping, the orchestrators have been running this campaign in a rather half-hearted way. My guess is that this is to avoid responsibility when the inevitable parade of victims becomes too big to ignore. The masterminds behind this cluster**** and entire chain of command implementing it are going to try to hide behind, “It was voluntary. You took it of your own volition. Nobody forced you at gunpoint.”
hang on Tim … Big Bird has been involved with pushing this garbage on impressionable children…
Did everyone send a message? https://www.headsupster.com/
r e s p e c t
find out what booster means to me
sock it to me, sock it to me…
Let us hope that he bequeathed his mortal remains to ‘The Science’ (TM), of which he was so noble a champion…..
hahaha Harry has a competitor for doomsday news:
https://worldedge.substack.com/p/beyond-mathematical-odds-v-second?s=r
Among other things, take down of Taiwan power grid looks like China was trying to interfere with the Mike Pompeo visit; testing the water for mischief.
WOW! Russia suspends foreign exchange trading until September: Russian banks are no longer allowed to sell foreign currency to citizens.
Russian businesses can’t buy goods from outside, it would seem, even if they are available.
The VAT tax for gold purchases was removed, effective today.
https://thepressunited.com/updates/russia-drops-gold-tax-to-encourage-savers-to-dump-dollars/#:~:text=Individuals%20no%20longer%20have%20to,on%20the%20purchase%20of%20gold.
As a matter of policy, keeping my sanity and mental health shit as it is, I do not watch BBC news. However, occasionally I catch a snippet and tonight all I saw was the UK members of parliament pissing themselves with excitement in a way I have never seen before. Clearly the speech just given by Herr Zelensky. I think this is it:
Ukraine: Volodymyr Zelensky invokes Winston Churchill as he appeals to MPs
https://www.bbc.co.uk/news/uk-politics-60667964
Sieg Zelensky
Ever noticed Putin and Zelensky have the same first name? Money to be made here – Vlad bad.
No they don’t !
Volodymyr Oleksandrovych Zelenskyy
Vladimir Vladimirovich Putin
Please, there is enough stupid without having to make it up.
it reminds me of Voldemort.
have the Ukrainian Azov Notzees been eliminated yet?
Oh, yes, they do!
Volodymyr is how you pronounce Vladimir after five shots of vodka.
According to Wikipedia (which has known to be wrong, by the way),
Volodymyr (Ukrainian: Володи́мир, romanized: Volodýmyr, pronounced [woloˈdɪmɪr], Old East Slavic: Володимѣръ) is a Ukrainian given name of Old East Slavic origin. The related Ancient Slavic, such as Czech, Russian, Serbian, Croatian, etc. form of the name, Володимѣръ Volodiměr, which in other Slavic languages became Vladimir (from Church Slavonic: Владимѣръ, romanized: Vladiměr).
Diminutives include Volodyk, Volodia and Vlodko.
Meaning “ruler of the world”, “ruler of peace”) / “famous power”, “bright and famous”
The German, French and English name Robert has almost exactly the same meaning.
Jef, you might as well try to argue that you don’t have the same first name as Jeffrey Epstein or Geoffrey Chaucer.
And there there is Holodomor…. anyone care to look that up? Hint – it’s not a Lord of the Rings character
It’s just around the corner ….
Pandemic first, then war and finally holodomor.
The name is also pretty common in Scandinavia where it is spelled Valdermar.
Volodomy ans Vladimir arw the same name Jeffy. Trust me, i am a slav. Both name habe exact the same meaning – one who defends the peace.
It’s like people in Basque Spain named ‘Juan’ calling themselves ‘Joan’ to sound more authentically Basque – in fact just variants in spelling of the same word. The medieval pronunciation was identical.
Xabier, Javier, Xavier……..Xabi, Javi, etc.
Exactly. Another example – my name is Evgeni in church-slavonic/Bulgarian – those were the same thing up until 19 c. but in french is Evgueni/Eugueni, Euhenio/Eughenio in spanish and in english is Eugene. They are all the same name with the same meaning – nobel/aristocrat/with nobel origin which comes from the greek εὐγενής (well born/nobel).
Julio … Hoolio (dog version)
BTW – he’s culling the rabbits big time….
I wonder if people would be offended if a dog was named Jesus… or Mohammed hahaha
Port congestion getting worse.
https://pbs.twimg.com/media/FNW6tklXEAA6xiN?format=jpg&name=small
More on the East Coast side now.
If you have a large pool of hosts that all have the same fixation, then you have a large number of individual labs in which to have such a mutation occur. You have far more hosts in which to have random chances occur, all selecting for a mutation that attacks one specific weakness and that weakness is in most of the population, so once it’s out, there is no stopping it.
And if this fixation prevents the hosts from developing strong new immunities based on these novel pathogens, this becomes iterative. you get wave after wave of pandemics until you wipe out the susceptible population.
https://boriquagato.substack.com/p/homogenizing-herd-level-antigenic
Just because Devil Covid has not emerged yet… does not mean it will not emerge…
Look at how one day Omicron did not exist… then the next day it did… and now it is roaring across the planet… (half my office is now isolating.. it is that contagious)…
Maybe tomorrow – or maybe in a week’s time — you wake up to headlines — new Covid mutation detected… then within a week it is ripping through the planet and causing mass death…
That’s the thing with viruses — they are viral… and when we f789 with them by throwing leaky vaccines at them… we risk opening the Gates to Hell…
We are obviously shoving real hard on the gates… and for good measure we’re using boosters to give an extra push…
This is the CEP… Fast Eddy will be right.
Nope. Wrong again. Don’t you get tired of being wrong all the time? Insanity is repeating the same posts over and over and expecting a different result. I’m giving you a new nickname FIE – fast insane Eddy.
“Nope. Wrong again. Don’t you get tired of being wrong all the time? Insanity is repeating the same posts over and over and expecting a different result. I’m giving you a new nickname FIE – fast insane Eddy.”
I serious love guys like Kurt. It is almost the same as the people who asks you to kill yourself when you talk about overpopulation.
“Perfect normalcy bias” and will not discuss anything bad that might potentially happen.
The guy who first used fire to cook food had a friend who said to him “Oh gosh, you are using external fuel” and you are going to make us all extinct. He is right, just a few million years too early. He just had a powerful brain to think far into the future, which incidentally is looked upon as a defect as that point of time.
A ton of farmers have gone under because of inflation and extreme weather. A farmer I know says she would now have to charge $11.50 per dozen eggs, in Tennessee, in order to just break even. This accounts only for feed costs, which have skyrocketed for two years now, and of course will go higher now with these higher fuel costs.
A break in the economy happens when farmers need to charge more to stay afloat, but consumers can’t/won’t pay it. It very much mirrors what you describe, Gail, with energy producers.
Oh wow…
The Titanic — is no longer — feasible… and there are no life boats
It does sound pretty terrible.
Chinese companies that aid Russia could face U.S. repercussions, commerce secretary warns.
Gina Raimondo, the commerce secretary, said the U.S. could take “devastating” action against Chinese companies that defy Russian sanctions.
The Biden administration could “essentially shut” down Semiconductor Manufacturing International Corporation or any Chinese companies that defy U.S. sanctions by continuing to supply chips and other advanced technology to Russia, Ms. Raimondo said in an interview with The New York Times.
https://www.nytimes.com/2022/03/08/technology/chinese-companies-russia-semiconductors.html
Shutting down Chinese companies doesn’t sound like a good idea, either.
No, it doesn’t.
The police action is in Ukraine. The US backlash has already gone way too far. Do they think no one is watching? The world is watching.
Per Michael Hudson the USA empire/economy is falling apart /committing hara kiri far faster than anyone expected!!
China holds all of those US treasuries, right? In the past I read speculation about what would happen if they “dumped” them. The response was that that would be too much of a shock to the world financial system—-also, that Russia and China don’t want the USA to fall apart too fast.
I wonder what might occur for China and Russia to change their minds . . .
Jane, rephrase your statement :
China holds all of those US treasuries, right? In the past I read speculation about what would happen if they “dumped” them.
China holds all of those US treasuries, right? Presently, what would happen if USA decides to confiscate those financial instruments like what they did to Russia?
Rule of law? Nope.
Can you point to at least one good idea that came from USA the last 20 years? I try hard and can’t think of even one.
Actually the US government has a long standing history of not understanding energy issues with oil.
They understand that they need oil and thus they subjugated Saudi Arabia but they have no Idea of the concept that BP used a while ago and had to remove again due to shareholder’s interests:
“Beyond Petroleum”
Running against historical time is a bit of a problem in the case you run against “being reelected in time”:
Democracies in principle due to their “concept of power” can not appreciate “historical time frames”.
I would not say that RAND does not help here but “establishing historical facts” as “destruction of countries” is much much more successful to any voter than “the long descent”.
So.
20 years?
No.
The USA has actually been founded on a papal bull in the year of 1492. That Bull declared all “being” on the continent “void”
That is actually what you are about to become with the implementation of the great reset:
void
Hahaha.. ya they are a bunch of buffoons … gawd
And the CIA is run by Abbott and Costello
The concept of Twerking
I saw it in Turkey in the early 90s. Belly dancers were doing it.
In the shadow of the Ukraine war Turkey occupied large parts of Irak if I got it right. Kurdistan cannot be claimed by Putin and the Bosporus would clearly he defendable by NATO. Of course NATO is not interested into Ukraine but Putin is never able to pay the costs of Chernobyl that’s why Ukraine wants to join the European Union. And of course NATO wants access to Georgia and Aserbaijan via the Black Sea. The next big thing will be Venezuela. With a bit of “stretching fossile fuel” by regeneratve energy and better isolation, smaller houses and reduced individual traffic these resources mglight do the trick for the next years. The financial crash will come sooner or later and the consequence will be the loss of all pension funds. They might make the jab mandatory again to solve that problem.
We should clean up our nuclear waste by the way!
I am doubtful that Venezuelan fuel will get us much of anywhere. I can see that NATO membership would be a plus for Ukraine, if NATO would help clean up Chernobyl. I am doubtful that NATO has the funds/resources to do that, however.
Chernoby was already cleaned up by 600,000 Russian volunteers after the catastrophe. Many paid for their dedication with their lives.
https://www.wired.com/story/chernobyl-liquidators-photo-gallery/
https://en.wikipedia.org/wiki/Chernobyl_liquidators
Now, the wildlife is perfectly happy there—in fact, regenerated.
It is basically a wildlife preserve now.
https://www.unep.org/news-and-stories/story/how-chernobyl-has-become-unexpected-haven-wildlife
If the spent fuel ponds had blown (or if they had not entombed the reactors) … it would be a massive dead zone .. for centuries
Nymex diesel futures are trading at the highest level on record, and bringing along jet fuel, which uses diesel futures as the pricing basis. U.S. airlines are already cutting flights this spring and summer. Traders getting margin calls all over the place.
https://pbs.twimg.com/media/FNWw2gTWYA0nWoD?format=jpg&name=large
Feels like we are really on the edge…
Is it possible to experience Fear and Euphoria at the same time?
I do believe this is possible.
Yes I have experienced this myself.
When I am boarding a plane out of of new zealand I experience euphoria about leaving this sad country. But also I have an intense fear that something will prevent the flight from taking off and I will be stuck in this sewer for longer.
Soooooo EEEEeeeee!!!
Never board a plane with the NZ Plough Hog Team on board… it will be touch and go to get it off the ground….
I often have that feeling when boarding the train out of London…..
After the nuclear blasts, we may all become disembodied spirits – how liberating!
It’s a known phenomenon: ‘the euphoria of despair’. One of the most intense sensations possible.
My husband and I have plane flights to and from Boston next week. I hope this is close enough timing that there will not be flight disruptions.
Devil Covid is virtually guaranteed
https://boriquagato.substack.com/p/homogenizing-herd-level-antigenic
He is an old man who believes in Russia that does not exist anymore.
The best way is to demilitarize both Russia and Ukraine.
Good luck with that.
Yes, good luck.
What about demilitarizing Victoria Nuland’s backers?
Never mind, I doubt we up to the job.
We will all have to endure their stiletto heels on our faces for ever.
Thanks for this interesting post on Putin’s address. This is the first time I’ve heard of a distinction being made between conscripted troops and volunteers or professionals. Although Putin is our avowed enemy(sarcasm) and we are not to say anything favourable(fear of being cancelled) it is refreshing to hear some real speech from a politician.
He made the same distinction in a longer conversation with Russian women aviators (labeled, mistakenly, “flight attendants” by the translator). In it he took their questions and explained the composition of the fighting force. He also presented a summary of the recent historical background that led to the “special action.”
Yes, I saw that yesterday. I also noted that they still have some very beautiful women aviators in Russia. I have to concur with the Beatles about both the Ukraine girls and Moscow girls.
I think the Hungarians are also very attractive—men and women.
norm has his heart set on that Ukrainian girl…
Imagine what she’s going to think when for the first time she sees that norm is wearing adult diapers hahahaahaha
All squishy with ooze….
Gawd…. that’s a nasty nasty though
don’t push eddys sex button Jane
you can never be be sure what reproductive processes you will set in motion.
none of it pleasant
all of it unreal
norm … what’s your address… I’ll order you a copy https://www.goodreads.com/book/show/510492.Confessions_of_a_Bangkok_Private_Eye
i wrote it eddy, under a nom de plume
Why is the war in Ukraine an invisible war, a silent war, a war where no one knows what is happening?
What is the price of jet fuel? Are the airlines still in business? How?
This way there can be multiple versions, one for each side of the story.
> Why is the war in Ukraine an invisible war, a silent war, a war where no one knows what is happening?
Because unlike Americans the Russians don’t embed journalists.
There is a guy by the name of Murad Gazdiev who is embed in the LDNR forces. Of course after his 1st report from the battlezone he was canceled in every western platform. I believe he can be find in the VKontakte social media.
American Airlines Can’t Catch A Break
Mar. 08, 2022 2:42 AM ETAmerican Airlines Group Inc. (AAL)19 Comments6 Likes
Summary
American Airlines is hit by fears over higher oil prices.
The airline spent $9.4 billion on fuel costs back in 2019 when average jet costs were below $2 per gallon.
The stock is a buy on this dip to the $12s as the impact of fuel is vastly overstated due to revenue matching fuel costs after an adjustment period.
This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
American Airlines
CHUYN/iStock Unreleased via Getty Images
After surviving Covid-19 lockdowns, American Airlines Group (AAL) and the airline sector in general were set up for a full recovery of passenger traffic this summer. The Russian invasion of Ukraine and the ensuing surging oil prices are set to disrupt this recovery for the time being. My investment thesis remains Bullish on the stock, as the market vastly overplays the downside risk of higher oil prices.
Fuel Nightmare
As sanctions ratchet up against Russia, crude oil prices are soaring to heights not seen in nearly a decade. With jet fuel being the second largest cost to airlines after employee costs, the markets are naturally worried about the financial position of American Airlines.
First and foremost, fuel is a cost passed onto fares passengers pay, but the costs take up to six months to be fully reflected in current fares. Second, American Airlines has the youngest and most fuel efficient fleet amongst the major airlines potentially providing a cushion on the oil shock.
Oil prices are up at $120/bbl and jet fuel has soared to $3.62 per gallon. Jet fuel prices are up over 50% since the start of 2022 and have soared from just $2.68 per gallon on February 25 right as the Russian invasion of Ukraine started.
2019, American Airlines spent $9.4 billion on jet fuel costs, or ~22% of revenues of $45.8 billion. The airline only paid close to $2 per gallon, so clearly the costs in 2022 will vastly top those levels based on the current oil prices. The numbers just wasn’t dramatically different outside of this recent oil spike due to Russia invading Ukraine.
American Airlines had guided Q1’22 average fuel prices to over $2.40 per gallon based on the consumption of 934 million gallons. The airline was already factoring in higher jet fuel prices due mainly to higher oil prices to start January when the airline reported Q4’21 numbers.
Clearly, the airline is set to spend billions more on fuel this year than back in 2019 when American Airlines was last very profitable. If jet fuel prices were to stay at $3/gallon, the airline could spend somewhere around $5.0 billion annually in additional fuel costs without any assumptions for improved fuel efficiency since 2019. Though, the question is the long-term impact to the airlines and whether oil would stay as high as $100 for a full year with the shift to EVs.
In the last decade, the airlines have better tied fuel costs to fare prices. For this reason, American Airlines doesn’t necessarily benefit when fuel prices fall because fares dip as well.
From Seeking Alpha
Nothing another taxpayer beating can’t fix.
Dear Vigano has chimed in.
> Declaration of Msgr. Carlo Maria Viganò on the Russia-Ukraine Crisis.
(Dear friends and enemies of Stilum Curiae, we receive and gladly publish this statement by Archbishop Carlo Maria Viganò on the Russian-Ukrainian crisis. Good reading.)
DECLARATION
Of Msgr. Carlo Maria Viganò,
Archbishop,
Former Apostolic Nuncio to The United States of America
On the Russia-Ukraine Crisis
https://www.marcotosatti.com/2022/03/07/declaration-of-msgr-carlo-maria-vigano-on-the-russia-ukraine-crisis/
The US/NATO are at war with Russia. Have been since 1945. Not clear who is winning.
Looks like both sides die in the conflict with or without new ks.
This is a very long document (10, 517 words) talking about many things, including the false story about the Russian attack that main street media is currently trying to portray, and the roles of Joe and Hunter Biden in earlier Ukrainian politics.
Did you know that norm thinks Joe Biden is awesome and that those videos of his son smoking crack with who res are not real.
He also believes that Putin is attempting to re-establish the USSR and must be stopped in Ukraine
He also believes that we have walked on the moon – and that the US govt did not orchestrate 911 for the purpose of getting Americans and the rest of the world onside with invasions of multiple ME countries to seize their resources….
Vigano points out that NATO has broken its agreement with Russia not to expand eastward, and thus militarily threatened Russia, and that USA has deliberately pushed the situation to one of tension, and dragged Europe into conflict.
> The expansion of NATO
First of all, it is necessary to remember the facts, which do not lie and are not susceptible to alteration. And the facts, however irritating they are to recall to those who try to censor them, tell us that since the fall of the Berlin Wall the United States has extended its sphere of political and military influence to almost all the satellite states of the former Soviet Union, even recently, annexing into NATO Poland, the Czech Republic, and Hungary (1999); Estonia, Latvia, Lithuania, Slovenia, Slovakia, Bulgaria and Romania (2004); Albania and Croatia (2009); Montenegro (2017); and North Macedonia (2020). The North Atlantic Treaty Organization is preparing to expand to Ukraine, Georgia, Bosnia and Herzegovina, and Serbia. Practically speaking, the Russian Federation is under military threat – from weapons and missile bases – just a few kilometers from its borders, while it has no military base in similar proximity to the United States.
To be considering the possible expansion of NATO into Ukraine, without thinking that it will arouse Russia’s legitimate protests, is nothing short of puzzling, especially given the fact that in 1991 NATO pledged to the Kremlin not to expand further. Not only that: at the end of 2021, Der Spiegel published drafts of a treaty with the United States and an agreement with NATO on security guarantees (here, here and here). Moscow demanded legal guarantees from its Western partners that would prevent NATO from further eastward expansion by adding Ukraine to the alliance and also from establishing military bases in post-Soviet countries. The proposals also contained a clause on the non-deployment of offensive weapons by NATO near Russia’s borders and on the withdrawal of NATO forces in Eastern Europe back to their 1997 positions.
As we can see, NATO has failed to keep its commitments to Russia, or has at least forced the situation at a very delicate moment for geopolitical balances. We should ask ourselves why the United States – or rather the American deep statewhich regained power after the electoral fraud that brought Joe Biden to the White House – wants to create tensions with Russia and involve its European partners in the conflict, with all the consequences we can imagine.
Vigano’s intervention on the current situation is interesting.
Also the Italian information website ‘Comedonchisciotte’ has pubblish his letter.
Here we are:
https://comedonchisciotte.org/vigano-a-putin-attenzione-alla-trappola-ucraina-del-grande-reset/
He points out that ‘Ze’ signalled the intention to put nukes, aimed at Russia, right on the Russian border.
> The Ukrainian nuclear question
Finally, there is the issue of Ukrainian nuclear weapons. On February 19, 2022, at a conference in Munich, Zelensky announced his intention to end the Budapest Memorandum (1994), which prohibits Ukraine from developing, proliferating and using atomic weapons. Among the other clauses of the Memorandum, there is also the one that obliges Russia, the United States and the United Kingdom to refrain from using economic pressure on Ukraine to influence its policy: the pressure of the IMF and the United States to grant economic aid in exchange for reforms consistent with the Great Reset represent a further violation of the agreement.
The Ukrainian Ambassador in Berlin, Andriy Melnyk, argued on Deutschlandfunk radio in 2021 that Ukraine needed to regain nuclear status if the country failed to join NATO. Ukraine’s nuclear power plants are operated, rebuilt and maintained by the state-owned enterprise NAEK Energoatom, which completely ended its relationship with Russian companies between 2018 and 2021. Its main partners are companies that can be traced back to the US government. It is easy to understand how the Russian Federation considers the possibility of Ukraine acquiring nuclear weapons as a threat and demands Kiev’s adherence to the non-proliferation pact.
“Since 2014, Ukraine has tried three times to convene consultations with the guarantor states of the Budapest Memorandum. Three times without success. Today Ukraine will do it for the fourth time. I, as President, will do this for the first time. But both Ukraine and I are doing this for the last time. I am initiating consultations in the framework of the Budapest Memorandum. The Minister of Foreign Affairs was commissioned to convene them. If they do not happen again or their results do not guarantee security for our country, Ukraine will have every right to believe that the Budapest Memorandum is not working and all the package decisions of 1994 are in doubt.”
https://kyivindependent.com/national/zelenskys-full-speech-at-munich-security-conference/
He talks about how the West prepared and enacted a violent coup against the elected UKR government, how atrocities were committed against Russian speakers, and continue to be, and how ‘Ze’ has broken the Minsk and other agreements to remove paramilitary groups, particularly from the Donbass region.
> The color revolution in Ukraine and the independence of Crimea, Donetsk and Lugansk
Another fact. In 2013, after the government of President Viktor Yanukovych decided to suspend the association agreement between Ukraine and the European Union and to forge closer economic relations with Russia, a series of protest demonstrations known as Euromaidan began, which lasted several months and culminated in the revolution that overthrew Yanukovych and led to the installation of a new government. It was an operation sponsored by George Soros, as he candidly told CNN: “I have had a foundation in Ukraine since before it became independent of Russia; this foundation has always been in business and has played a decisive role in today’s events” (here, here and here). This change of government provoked the reaction of Yanukovych’s supporters and of a part of the Ukrainian population opposed to the pro-Western shift of Ukraine, which had not been wanted by the population but was obtained by a color revolution, of which there had been general rehearsals in previous years in Georgia, Moldova and Belarus.
Following the clashes of May 2, 2014, in which nationalist paramilitary fringes (including those of Pravyi Sektor) also intervened, there was also the massacre in Odessa. The Western press also spoke of these terrible events in a scandalized way; Amnesty International (here) and the UN denounced these crimes and documented their brutality. But no international court initiated any proceedings against those responsible, as is intended to be done today against the alleged crimes of the Russian army.
Among the many agreements not respected is also the Minsk Protocol, signed on September 5, 2014 by the Trilateral Contact Group on Ukraine, composed of representatives of Ukraine, Russia, the Donetsk People’s Republic and the Lugansk People’s Republic. Among the points of the agreement was also the removal of armed illegal groups, military equipment, as well as fighters and mercenaries from the territory of Ukraine under the supervision of the OSCE and the disarmament of all illegal groups. Contrary to what was agreed, neo-Nazi paramilitary groups are not only officially recognized by the government, but their members are even given official assignments…
I believe France and Germany reps (Merkel and the then French foreign minister) also signed the Minsk Accords and share responsibility for ensuring that the process is followed. It is also an official UN document. The purpose of the Accords was to enact measures to ensure relative autonomy of the two Donbass areas/republics/oblasts/whatever (which had declared themselves independent republics after refusing to recognize the coup-installed regime) while remaining part of Ukraine.
“RIA reports that Putin today signed a degree blocking exports and raw materials from Russia of ‘certain materials’. The report says the list will be determined in two days.”
https://www.forexlive.com/news/putin-signs-a-vague-degree-on-limiting-russia-exports-20220308/
US has been russian energy
”US has been russian energy”
gets today’s language mangle prize
Bye bye titanium, bye bye public aviation in the west.
“destabilize oil countries so that they can continue to get cheap oil”
I am afraid it doesn’t work that way. If oil countries are destabilized, they stop producing oil. We are out of luck. Now, the rest of the world is not producing enough oil. The former producers, such as Libya and Venezuela, cannot go back to producing more oil.
They can go back if “American “ companies can come in and take charge with their “technology “ that’s what happened in Iraq… the only stumbling block has been Russian interference
Physical war, “bombing back into the stone age” and sanctions are about demand destruction. More than half the population of the planet has been aggressively kept from entering into the economy and consuming. This a critical element of global management for TPTB. Don’t believe me, just look at what has happened not at what they say.
The concept of “export land model” works for absolutely every commodity and goes 10 fold for energy products. (Don’t look to wiki for ELM info as it has been continuously manipulated for 10 years now and will not accept factual data.)
300 million people consume 25% of the worlds resources. (That group also has the biggest military in the world) The next 700 million another 25%. Thats the top 1 billion people consuming HALF the worlds resources and they consume the cream off the top too.
If we let the next 2 billion consume at even half the rate as us we would eat up the entire planet in a matter of years and that still leaves nearly 5 billion people with ……..?
Demand destruction.
The oil producing countries that we have destroyed are still producing under the support and protection of US. They are producing less but that just means more for us eventually.
All wars and especially sanctions are about resources.
The owners consume, the non-owners starve and die. This has been the way of the world for a billion years.
The problem is that we need a functioning world economy to get most resources out. For example, we need computers, utilizing minerals from around the world, for most of our production of high tech goods. Without computers, our ability to make replacement parts for our high tech goods goes downhill quickly.
Forget making them… people are no longer able to sell or ship them without complex 3rd-party IT systems.
True!
“We need” is not a law of physics, anymore than “want.”
The passengers on the Titanic “needed” more lifeboats.
Some of them “needed” to be able to stay asleep comfortably in their cabins.
Others “needed” to not be in steerage, unable to get to the decks.
What people, or economies, “need” can end up just not mattering to reality, when reality decides to bite. Then humans “need” to starting “needing” what they really “need” to survive, not what they don’t need to suvive, and to tell the difference between the two.
This is the distinguishing aspect of our Collapse: whereas long-distance trade in both raw materials and finished goods certainly took place in many earlier iterations of civilisation, the essential elements were not based on such complex supply networks and huge distances.
I am hearing zelensky is ready to negotiate.. No nato… stock market is soaring.. oil is falling
WTI is $122. Stock market back up. Dow +521. NASDAQ even higher, proportionately.
Markets will hit record all time highs… on the day the world ends.
?
> ‘We will fight them in the sea, air, forests, fields and streets… we will not surrender’: President Zelensky echoes Churchill’s famous WWII speech in moving address to Commons and gets a standing ovation as he vows to defeat Putin’s invasion of Ukraine (currently headlining on the Daily Mail)
He is surely not alone in his convincing effort, but we have also to say that he is a good actor.
He is pushing his people in a massacre and also trying to convince other nations to join.
He and his entourage should have accepted a neutral ukraine.
But now I’m very worried of what UK is planning to do with him, trying to have internal support for a military action.
https://www.zerohedge.com/markets/here-are-all-latest-news-and-developments-ukraine-war-march-8
Fog of war?!
Zelensky has somewhat toned down his rhetoric.
Yes but read what mirror wrote up above. I don’t know grandstanding before negotiations?
Zelensky is a paid US state department shill. Russia will never accept any agreement with him after Ukraine violated the Minsk agreements by constantly attacking and shelling the Donbass republics. He has zero credibility. My guess is the Nazis have a gun to his head. He makes the wrong move/statement/agreement…he gets wasted.
Blow up the swamp
I am enjoying the fact that all these ‘powerful’ people are about to be exposed as we run out of energy and they end up in the gutter with everyone else.. waiting to die .. f789 em all
JJ: You are right.
Since Dec. 2021 Russia has made it quite clear that it views NATO as the adversary, and will only deal with NATO, which means, basically, the USA.
This is because Russia knows as well as anyone else that the rest of the players are bit players, spear carriers, pawns and puppets of the USA, which is calling the shots. Any deal that Zelensky makes will have been OK’d by the USA and, I will bet, will have to signed by the USA (and perhaps the UK).
Maybe after the dust settles, Zelensky can get a job playing the young Churchill, ginning up WW1.
Zelensky made the fatal error of being an actor in what used to be called ‘the game of kings’.
It’s a game where heads are often lost, and he is a nobody, a pawn of others, a mere sodomitical stage performer.
So, yes, he might well be disposed of – but perhaps disguised as a Russian assassination?
I wouldn’t pity him, he should have stuck to cruising gay bars for kicks……
I think that one of the scenarios is that Putin commits suicide.
He, as a former KGB agent, believes in something that is not reality.
That is why his suicide can be even the most probable solution of this situation.
Or maybe you do … when Russia achieves its objectives and demilitarises the Ukraine … and Slovakia collapses without Russian fossil fuels … with no gas to heat those saucepans … who knows?
“Russia achieves its objectives and demilitarises the Ukraine” – this is a phantasmagory. The fight between the Russians and the Ukrainans is about the life or death in the cold area where they live. That is why the West does not interfere. Let them kill each other, just give them weapons. Those, who are sane and can, flee from such psychopats. I guess Iran will turn to Christianity, when the West promises to take its costly natural gas and oil…
‘this is a phantasmagory’
I got that part.
““Russia achieves its objectives and demilitarises the Ukraine” – this is a phantasmagory. ”
Well well well.
We’ll soon find out who is right.
My bets are on Russia.
Looking at the situation objectively (I am not ‘pro-Putin’ or anyone) Russia – unlike the feeble, resource-depleted, fearful and elderly – states of central, eastern and western Europe, dominated by the US:
1/ Hasn’t yet given up on preserving at least some political and economic sovereignty.
2/ Still has the military (includes cyber and economic warfare) ability to act in defence of that sovereignty.
3/ Is acting in a measured, rational and effective manner, as we can see from the steady progress of the first stage of the campaign in the Ukraine.
4/ Statements by Putin and Russia’s diplomats, are also invariably reasonable and lucid.
This compares very well to the shameless lies and hysteria emanating from almost every politician/general/ MSM in the ‘free’ West, where we have now reached the lowest level of neo-Fascist degradation, both intellectual and moral.
You are a psychopat, when you contemplate the death of a person that does not hurt you.
That is a pat comment.
It looks like Hosrki General (MG) is not aware that we are creme de la creme of highly functionins psychopaths.
Are you? when you know there are 8B of us… way too many…
Is killing a rat in a trap the act of a psychopath … what about squashing a cockroach… or a mosquito?
The internet forums are small worlds.
Yes, most of us here are.
> I think that one of the scenarios is that Putin commits suicide.
>
> He, as a former KGB agent, believes in something that is not reality.
>
> That is why his suicide can be even the most probable solution of this situation.
How about the actor from Ukraina?
The actor from Ukraine knows he is an actor.
But does Putin know that he is an actor???
But does Putin know that he himself is an actor???
Does MG know, he is an actor?
MM knows he is an actor in the game of
“Make them rich”
Im am quite ok with it.
What is MG’s score ?
Chile nationalizing its mines?
Time to call a descendant of Pinochet to try again.
Boof! It would have been a lot cheaper for all of us if NATO had just agreed that Ukraine would be neutral. The ‘Ze’ lunatic in Kiev is costing all of us.
> UK ‘set to BAN’ Russian oil imports amid pandemonium at the pumps in Britain
Large queues form at forecourts across the UK as Putin’s invasion of Ukraine pushes prices near £2 a litre – and half of drivers say commute could become unaffordable
Oil prices are rising at an alarming rate sparking warnings that petrol could soon hit £2 a litre – taking the cost of an average tank to more than £100 – an increase of around £17. (Daily Mail)
The world is short on oil ….the West wants to destabilize oil countries so they can continue to get cheap oil. Russia has lots of gas but oil has peaked… with Ukraine the west is trying to destroy Russia. Worked well in the Middle East.. not so sure about this Time🤔
Yes, it is hard to see how the west/ NATO is going to benefit from all this. All that they had to do was to accept that UKR would be neutral. This path is pushing the global economy toward collapse, and Russia is liable to pivot toward Asia, with China the main beneficiary going forward, with Russian resources flowing in that direction, and Russia and China financially and economically integrated. It is almost like Europe is compelled to self-destruct at this point, I mean, collapse is coming anyway, but all of this seems to hasten it.
Europe does indeed seem to be on a path to self-destruction.
“It is almost like Europe is compelled to self-destruct at this point, I mean, collapse is coming anyway, but all of this seems to hasten it.”
Per Michael Hudson, Europe, esp. Germany, is screwed.
Per Hudson, that was the US’s plan all along.
Germany industry: forget it.
They should have broken with the USA and stood up for themselves. Why didn’t they, when the downsides were patently obvious?
Speculation 1: Scholz and Macron are both WEF “young leaders.”
Speculation 2: USA has some kind of goods on everyone they need to control in the EU.
Despoite the apparent success of the US’s plan, things could still turn out very badly. Seems like the US didn’t game things out very carefully. Definitely a shit show.
The ‘UK’ (i.e. the private oil companies that produce oil offshore UK and can do with it whatever they like) produces about 1 Mb/day of oil, top quality, but it is all exported because the six UK refineries cannot cope with this quality of oil – unless the refineries have upgraded recently, possible, so that they can use ‘UK’ oil. But the UK consumes about 1.7 Mb/day. Has Boris specified where the replacement oil / oil products are going to come from? Boris?
This is a detail that most people never consider.
Releasing more barrels from the strategic petroleum reserves: that’s what they are for.
https://www.eia.gov/todayinenergy/detail.php?id=51538
Beginning to look lik Ugo Bardi’s Seneca Cliff
An excerpt reads:
This isn’t a whole lot. Russia is currently extracting a little over 10 million barrels of crude oil per day. The reserve would cover an outage of six days’ production.
GASOLINE PRICES in Russia after SANCTIONS 2022!
Very cheap just under 50 pence per litre (UK)/ about $2/gallon (USA). But then again average Russian salary is v small compared to the UK, is it actually cheap for Russians?
difficult to pass judgment MoO, since most take the bus. Prices of public transport unchanged.
Ok guys, the moove index hit 140 yesterday afternoon….this is the highest since 138 on 13 March 2020 right before everything collapsed.
The moove index is a volatility index of the credit markets. Essentially, there is extreme volatility in the credit markets and they are freezing up and not functioning.
13 March 2020, is when COVID was declared a national emergency….you get the picture?
I think you can expect big things coming
I am afraid you are right. A worse version of 2008.