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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.
Yay Malaysia is opening up on 1st Apr. Dont know armageddon or this comes first. The Ides of March
You are in Malaysia, aren’t you?
Yes
Mal = sick in French
Aysia = Asia in Ukrainian
Sickasia? Is there a connection to malaria back in the day?
April 1st, is it April Fool’s Day where you are?
this is a strange one:
“The day is not a public holiday in any country except Odessa, Ukraine, where the first of April is an official city holiday.”
the universe is quietly laughing.
the universe is quietly laughing.
as in a simulation…
the “simulation” has dialed up its excitement in 2022.
davidinamillionyears… you still have a decade to go…. See you in 2032
hhaha…heeheee…haaaw…
three cheers with a glass of Islay liquid
I think I’ll pour a bit of the good stuff… can’t take it with you … hopefully there is a hell though — bad hot girls… good whiskey …disco balls… powder.. so no need to take it with me even if I could hahaahahaha
We meet in Hell!!!
Russians today can fight only for IKEA pan
https://komentare.sme.sk/c/22855251/rusi-sa-dnes-dokazu-pobit-len-o-panvicu-v-ikea.html
https://www.youtube.com/watch?v=U3f0B-mpeok
Fleeing Ukrainians after crossing border to Slovakia
https://dolnyzemplin.korzar.sme.sk/c/22853989/mnohi-ukrajinci-sa-hanbia-prijat-pomoc-spekulanti-su-bez-zabran-vravia-dobrovolnici.html
Google Translate corrected:
“However, we met a group of women in vests who were collecting rubbish in their sacks to take them to a landfill.
“We are here voluntarily with our mayor. We came from the nearby village of Záhor (Sobrance district) and we try to help in this way. We also collect 40 sacks per day. We find a lot of food. There are an incredible number of them. For example, they take baguettes, bite them once and throw them on the ground. We don’t like this, it’s a waste, “the women told us.”
This war is about the blindness towards the reality of rising energy poverty.
Video shows Russian IKEA store full of customers, buying goods in large quantities off the shelf. Presumably, owning tradable goods will be a better store of value than holding Russian rubles.
This is the fight over a sauce pan mentioned above:
https://www.youtube.com/shorts/UM0PLUD_vtk
Well, at least Russians will have the gas to heat that saucepan at the end of this… 哈哈
Do you believe that they will have the spare parts for the current oil and natural gas production and distribution high-tech equipment?
Your comments on the price of say a car if there is no car available for sale. What is the inflation/deflation on that item, unobtanium. Toyota hybrids available, with all the crap, so pay the increased price, how does one keep all the crap working?
Six month or more wait from JD, items are coming, but takes time; good to have purchased six months prior.
Off brand boots from WorkingPerson, three month wait after purchase and that means paid for at time of order.
Tractor auctions are up $31% from last year, problem, not much at auction, unobtanium again.
Over the road tractors pre emissions(means they run) up, after 2007, used prices down; it can be purchased, but it may not run – for long, without expensive parts, unotanium?
Fertilizer, who knows?
Real world stuff.
Dennis L.
Farmers and others are already running into this issue, and it is certain to get worse.
Well this certainly won’t NOT help the global energy crisis. Shell will stop all sales of Russian imports. It will donate any proceeds to the Ukrainian humanitarian crisis. They plan on “SHUTTING DOWN ALL SHELL GAS STATIONS” until they find alternative fuel supplies and here I thought Shell was an energy producer. So much for lower gas prices.
https://www.zerohedge.com/markets/shell-will-stop-all-spot-purchases-russian-oil-shut-all-gas-stations-country
This is an aspect of the “empty shelf” problem I keep mentioning.
The NY Times reported in February 2021, “Shell, in a Turning Point, Says Its Oil Production Has Peaked”
Europe’s largest oil and gas producer said oil production would gradually decline 1 or 2 percent annually, underscoring the company’s desire to shift to greener energy.
Shell energy is, of course, “Royal Dutch Shell,” which is what makes it European. It now produces more natural gas than oil.
‘Joe Blogs’ has mentioned that Shell stand to lose I think he said $25B if they pull out of all their joint projects in Russia and do not get compensated in any way. Although he thought a suitable compromise might be, to be bought out by Chinese oil companies. I understood that to be a suggestion on his part, nothing more.
Shutting down all Shell gas stations … *in Russia*. Your comment doesn’t make that clear.
> “After facing a huge backlash last week and over the weekend when it snapped up a cargo of Russian crude at a bargain price at a time when many other players had started to curtail their purchases effectively creating an informal “self-sanction” embargo, Shell said on Tuesday it is withdrawing from dealing in Russian oil and natural gas, saying it would immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings, the WSJ first reported.”
Last night on the Local news the big story was the line of cars at the Costco gas station filling up their tanks expecting another price increase of .15 to 30 cents like right away!
Panic buying has started and we’ve haven’t seen nothing yet.
NORTH MIAMI (CBSMiami) – At a Costco in North Miami, gas prices are moving higher with experts warning another 10-15 cent hike per gallon is well within the realm of possibility.
With the price of gas up roughly 44-cents per gallon in just the last five days, it’s likely South Florida could break an all-time high price of $4.12 per gallon set back in 2008.
READ MORE:
President Biden To Announce Ban On Russian Oil Imports Over Ukraine Invasion
The ripple effect soaring gas prices have on the economy is already being felt, with some drivers already making personal sacrifices to save money to pay for their gasoline.
“Drink less bottled water because it costs more than gas,” said one driver.
Another driver said, “Sometimes I buy dessert, but now I don’t, which is good because I can lose weight at same time.”
AAA offers these tips for gas savings:
Combine errands to limit driving time.
Shop around for the best gas prices in your community.
Consider paying cash. Some retailers charge extra per gallon for customers who pay with a credit card.
Ride-share drivers are also among those affected by soaring fuel prices. Some are already starting to say it’s not worth driving anymore, with concern growing alongside those steep gas prices.
Uber driver Augusta Barboza told CBS4 News, “It’s really rough because it’s our economy. It’s our livelihood. Gas prices have doubled and they say it could triple. And the fares aren’t going any higher. God, I hope they do something. For starters, this war has to end.”
What people fail to understand is that “PANIC BUYING” leads to inflation and if that isn’t controlled, eventually turns into hyperinflation. I wonder how many of those panic buyers are those that repurchased large family SUV’s thinking the 2008 high gas prices were a thing in the past, never to happen again?
Do you all have the feeling that the “leaders” are trying to collapse the whole thing?
Always the optimist: Perhaps they have done the best they could with the cards they are dealt. The US has printed money, maybe it is not wanted anymore, we are going to need to be able to make things that are useful at a price people can afford; a shock, a predicament, we will adapt, it will be a challenge.
Dennis L.
Absolutely – this is a controlled demolition….
The US imports Russian heavy oil needed for producing diesel.
Once they ban Russian oil imports…hello $10-$2- diesel…then goodbye American economy.
Get it while you can.
I read somewhere someone speculating that perhaps Russia demanded the US pay in gold…
Can’t imagine why else the US is moving so feverishly to ban Russian oil.
Groundbreaking Vitamin D & Immune System Trial
https://www.youtube.com/watch?v=quZSTRKDdpA
Vitamin D and marine omega 3 fatty acid supplementation and incident autoimmune disease: VITAL randomized controlled trial
“Conclusions Vitamin D supplementation for five years, with or without omega 3 fatty acids, reduced autoimmune disease by 22%, while omega 3 fatty acid supplementation with or without vitamin D reduced the autoimmune disease rate by 15% (not statistically significant). Both treatment arms showed larger effects than the reference arm (vitamin D placebo and omega 3 fatty acid placebo).”
Those with auto-immune diseases especially should be taking vitamin D supplements or spending extra time out in the sun.
https://www.bloomberg.com/news/articles/2022-03-08/china-considers-buying-stakes-in-russian-energy-commodity-firms
European energy companies are leaving Russia and Chinese are moving in. Europe probably doesn’t have a clue what is going in the world.
We will have to wait and see what actually happens.
How can they not? If we have thought about it then they have.
But then again I see the Cathy Wood story and think … yes she’s an idiot
I am wondering if China (or parts of China) will end up taking over Russia’s fossil fuel and mining industries. They might take over some of the farming as well. Other things may be left to wither and die.
‘And very nice gas, oil, wheat, and essential minerals, it is, too!’ lol
‘還有非常好的天然氣、石油、小麥和必需礦物質，它也是！”哈哈’
Bless, google translate lol
Demographics?
Dennis L.
“The team at Bloomberg …reporting that President Biden is set to ban US imports of Russian oil as soon as today WITHOUT the participation of European allies.”
https://twitter.com/FerroTV/status/1501184315492909057
What is this supposed to accomplish?
It’s already “accomplishing” a spike in Brent over $130 p/b and the announcement has not even been made formally yet. 😬
It seems like they want a Great Depression. Not enough to go around.. Covid shut everything down now this will shut everything down
Brent is up 63% on the start of the year – so far…
Can I just say… this is INSAAAAANE!
> Brent crude has now jumped to $131 per barrel, a 6.5% gain today – up from $80 per barrel at the start of this year.
In my view the purpose of this ban is to make people believe that this ban is possible without consequences for US or whatever Country decide to propose such a ban.
Like if it would be possible to put in a corner Russia living the rest of the world quietly and happily..
This has the objective to unleash the aggressiity of the other Nato Countries and try to destibilize Russian government or open a war of Russia ‘against the rest of the world’.
In my view we are enetering deeply in the scenario:
”Samson said, “Let me die with the Philistines.”
I am afraid you are correct.
is there actually a war going on? “Illusion Warfare Report: The Road to Ukraine. Join me as i LARP my way onto the Hollywood movie set we know as Ukraine.”
https://twitter.com/LezLuthor/status/1500175827161554946
This twitter feed does indeed show the Ukrainian economy functioning much as normal, away from some limited areas where photographers are taking photos.
I have heard similar stories about Israeli conflicts with Palestine. There was a little fighting, but not very much.
Hi Gail,
Can you please clarify whether you believe that the Ukraine war is not happening and it is only the “Illusion Warfare” presented by this twitter feed?
Thanks.
The war is sort of happening, but the extent of what Russia is doing is exaggerated for the benefit of the pro-Ukraine Western media, who very much like a “terrible war” and “terrible Russia” story. It allows the pro-Ukraine countries to demand huge sanctions against Russia. These sanctions will pull down large parts of, or perhaps even all of, the world economy. A very local economy can produce very much less and support a much lower population.
As also indicated by the US Colonel but also by many alternative commentators, Russia is not pushing hard in its attack over Ukraine.
As far as I have understood, Russia doesn’t want to destroy the Ukranian economy and infrastructure.
After have eliminated the ‘Nato issue’ Russia intends to collaborate with Ukraine from economical point of view.
But now Russia is progressively increasing its action because Zelensky and his nazi entourage is pushing unnecessarily Ukranians to resist.
As Ukranians and Russians are linked by cultural ties (expecially the Russian speaking people or the ones who speak as second language) if Russian government destroyed economy of Ukraine and kill too many civilians it would have internal political problems with his own Russian citizens who would consider the Russian government fratricidal.
It is a different approach in comparison of going to Iraq or Afghanistan…
That POS of colonel needs his a$$ whipped by a hard charging Marine sergeant – I’ll do it.
I can’t believe where this site has spiraled to (shame!!).
Come on Gail – first you slid down the conspiracy hole amusing FE and his moon fake landing BS, then this site has been a stink pile drawing every anti-vaxxer conspiracy nutcase from all around, and now you are denying the fighting / atrocities going on in Ukraine.
Nah!!! 2 million people woke up a week and half a go and said “you know what? Screw this, I’m grabbing a bag and fleeing my home”.
Makes perfect sense – you all have gone nuts – done with this site.
Ya’ll deserve each other.
This order comes directly from your commanding officer 10 Star General Fast Eddy – the Supreme and Dear Leader Herr Fast Eddy
marine sargeant dan – I thank you for your honest, yet completely ridiculous comment — you must immediately proceed to the Sector One and report to Dr Mengele who will inject you with more of the experimental substance.
Over and out marine. Over.. and out….
https://media.giphy.com/media/l3vRkmX2yCWOtys6s/giphy.gif
Here is a standing ovation for Dan….what outrage!!!
“That POS of colonel needs his a$$ whipped by a hard charging Marine sergeant – I’ll do it.”
From Dan. You know that the website is important or touched a raw nerve (because of the truth) when new people post nasty replies.
It is a badge of honour.
I want photos of bombing and fire fights taken on people’s phones… instead I get photos of piled up garbage on the street
Look at this f789ing SHIT! Looks like people going christmas shopping ..a woman holding her kid in LL Bean clothes on the street?
This is NOT good enough – I want war — I demand war – bombs dead bodies and all that good stuff…
https://www.bbc.com/news/live/world-europe-60657155
There are always areas where nothing much seems to be happening during a war, and even almost totally normal. Then there are the hot areas.
Wars goes in fits and starts, and can often be mostly boredom and something happening elsewhere.
There is ‘total war’, and there are lower-intensity operations like this one.
People’s expectations are simply wrong, and the war is not being ‘faked’, except in Western propaganda which encourages notions of an Armageddon inflicted by Russia which are misconceived.
Yes, technically it is not a ‘war’ or an ‘invasion’, according to the UN, whatever the Western MSM keeps saying. Neither side has declared war. It is a ‘special operation’ and Russia has particular goals, to demilitarise Ukraine. NATO countries do ‘special operations’ across borders all the time without declaring ‘war’, eg. in Iraq and Syria.
Then someone see the misfit between ‘war’ and the reality, and exclaims that it is a ‘hoax’ – well, yes it is, by the Western MSM. It is not a ‘war’ or an ‘invasion’, technically speaking, but a ‘special operations’, as Russia, and the UN, keep pointing out. ‘Go figure!’ The ‘problem’ lies with the Western propaganda media.
Exactly.
Putin has observed, though, that the sanctions are ‘effectively’ – although not formally – ‘a declaration of war on Russia.’
Russia, however, has so far declared no war.
“Yes, technically it is not a ‘war’ or an ‘invasion’, according to the UN, whatever the Western MSM keeps saying. Neither side has declared war. It is a ‘special operation’ and Russia has particular goals, to demilitarise Ukraine. NATO countries do ‘special operations’ across borders all the time without declaring ‘war’, eg. in Iraq and Syria.”
That is a good point!
and that’s why i lurk here, because most commentators have balanced, informed views. i sincerely hope that your most excellent blog, Gail, never becomes so popular that it becomes bogged down with trolls, misinfo brigades and general nutters, because i’ve seen that happen to too many decent forums.
Hahaha – AWESOME FIND!
My gut is telling me that this is being faked and it is connected to the CEP …
As we can see – the global economy is being putting into a deep freeze because of this … so the war is being used as an excuse to power down BAU and put it on life support… not possible to do without creating massive panic if there is no ‘war’…
Prepping for the Super Bowl… all we need now is for DC to emerge and our species will be lowered into the grave.
Ides of March start in a week…
would that be the same hollywood set that our eddy assures us was used for the fake moon landing?
Another headline seen in the supermarket: we must, it seems, accept household energy bills of £4k or more as ‘The Price We Must Pay To Defeat Putin’.
Just as vaxx deaths and injuries are the price of ‘defeating Covid, one supposes.
Freezing to death while dying of a rapid-onset cancer is going to be so deliciously patriotic!
The whole system is collapsing; the stories we are told hide the real story.
It could implode at any time… everyone should grab a pot a big spoon and bang on it … make us much noise as possible…
Poor norm… poor poor norm
https://mobile.twitter.com/JavierBlas/status/1501092364340846596
The crazy nickel chart 100K
Russia is one of the world’s top exporter in oil, gas, coal, minerals, wheat and fertilizers. Imposing sanctions on Russian banks and cutting them off SWIFT was a good idea.
“Nickel surge just raised the input cost for an electric vehicle by $1,000, Morgan Stanley estimates.
“…the cost of producing an electric vehicle is getting higher by the day, Morgan Stanley warns.”
https://www.cnbc.com/2022/03/08/nickel-surge-just-raised-the-input-cost-for-an-electric-vehicle-by-1000-morgan-stanley-estimates.html
One comment on this thread says, “Bear in mind that stainless steel often uses Nickel as one of its major alloys in the range of 10%.”
Stainless steel is used in a lot of manufactured goods.
‘… and fertiliser LOL’
… 和肥料 哈哈
“18 Pieces of Misinformation you Need to Know. ?
DrRichardMFleming Published March 7, 2022”
https://rumble.com/vwqkml-18-pieces-of-misinformation-you-need-to-know..html
This is a rumble video, but I can’t get the video to play.
Try: https://rumble.com/vwqkml-18-pieces-of-misinformation-you-need-to-know..html
🙂
Thanks! This link works fine. The part I listened to is very good. It would be helpful if my knowledge of medical terms were better.
https://pbs.twimg.com/media/FNUF5eSWQAEAvgt?format=png&name=large
FRA OIS 39 (the difference between libor and fed offered rate)
There are losing sides on all off the crazy trades. No one knows which hedge funds and banks are going insolvent. The banks are not lending to one another. The eurodollar market is cracking.
The Libor is the “London Interbank Offered Rate.” The Fed offered rate is obviously the US offered interest rates. The big difference is showing the problem Yoshua explains: “No one knows which hedge funds and banks are going insolvent. The banks are not lending to one another. The eurodollar market is cracking.”
“Fitch | Large Western European Banks Face Risks From Russian Exposures
~ Western European banks had about USD91 billion total claims on Russian counterparties at end-September 2021”
Russia has made a statement that they will continue to pay their debts…in roubles
Paying debts in roubles sounds like a good move by Russia.
Why would it matter? Wouldn’t it be considered a default anyways because for any agreements in USD, EUR, JPY, etc? And wouldn’t the recipient simply turn around and exchange RUB for something else, putting the same amount of pressure on the RUB?
One of the issues would be the exchange rate for the rubles.
Also, would the rubles need to be spent in Russia?
https://pbs.twimg.com/media/FNUTcYrWQAEaL5Y?format=jpg&name=large
It looks like the Russian rouble was about to crash anyway…the war and sanctions might have just ignited the crash and in a way hid the fact that Russia was in trouble
I had noticed that, on a 10-year basis, the rouble was way down relative to the US dollar, prior to the recent crash. I originally planned to put a chart in my recent post, but it didn’t “fit.” The low level of the rouble was one of the reasons that I thought that Russia was probably getting desperate for a new world order that would fix its problems. Chart was created on February 21st, with data through February 18.
https://ourfiniteworld.com/wp-content/uploads/2022/03/Russian-Ruble-to-US-Dollar-Chart-1024×469.png
Every country was in deep shit already — perhaps this ‘war’ has been started to delay the total collapse that was brewing.. We now go into economic hibernation and wait for DC to arrive and kill us…
I suspect the Elders thought DC would have emerged by now — they are probably incredibly desperate now …
HI HO HI HO…its off to work we go… it may be Face Ripping After All… I don’t mind … the Bat Mobile is gassed up and read to roll – just need to cut the seatbelts out
Imagine when people start hunting and eating kids… Soooo EEEEEeeee that’s gonna pierce the old normalcy bias hahahahahaahahaha
“Carmakers face soaring metal costs with Russian supplies at risk… Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminium in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill.
“While metals have not been the target of Western sanctions yet, some shippers and autoparts suppliers are already steering clear of Russian goods, putting more pressure on carmakers already reeling from a chip shortage and higher energy prices.”
https://www.reuters.com/business/autos-transportation/carmakers-face-soaring-metal-costs-with-russian-supplies-risk-2022-03-08/
“Chile’s constituent assembly, in charge of writing the country’s new Constitution, approved on Saturday an early-stage proposal that opens the door to nationalizing some of the world’s biggest copper and lithium mines…
“Analysts… conclude that Chile could become the nation with the highest tax burden on copper mining, forcing companies to revisit the viability of their current and future investments.”
https://www.mining.com/chile-a-step-closer-to-nationalizing-copper-and-lithium/
Every economy that depends on commodity exports needs a very high tax rate on exports to make their economy viable. This is a big reason for the required high selling prices of commodities.
I am definitely hanging on to my ’96 Outback.
I wonder how soon we will hear that production is being scaled back for lack of battery components and perhaps other things.
It’s only three weeks to flatten the curve!
I am opening up my whiskey to enjoy them while I can. Harry… cheers to Islay
Chin-chin, CTG!
The MOREONS are not going to know what hit them …. hahahahaahahaha….
Surely they must be getting anxious now …. it’s a constant bombardment of shocking developments… hahahahaha…..
I’d inform the ones who ridiculed Fast Eddy for embarking on a global bucket list 12 years ago … that this is exactly what HE expected to happen … but they’ll be too busy panicking to acknowledge HIS prescience (and HIS genius)
Hahaha… that’s ok… Fast saw the world… they hunched over their computer screens adding up their $$$$$$ hahahahahaahaha…. fools! I told them this was coming … I hinted it might be a good idea to come off the gas and live a little…. nope… not a single one did…
And now — look at this shit show
“Will the Ukraine war derail the green energy transition?
“…Economist Dieter Helm, professor of energy policy at Oxford university, says the shift away from fossil fuels has rarely looked more complicated. “The energy transition was already in trouble — 80 per cent of the world’s energy is still from fossil fuels,” he says.”
https://www.ft.com/content/93eb06ec-ba6c-4ad2-8fae-5b66235632b2
“Oil industry pleads with Wall Street to stop holding back investment.
“Oil industry chiefs have called on Wall Street to stop holding back investment in new crude supply as “chaos” and “bedlam” threaten to overwhelm energy markets amid fears the west will ban Russian oil exports following the invasion of Ukraine.”
https://www.ft.com/content/e45ab85c-f211-46d4-ba44-6b30de548ab4
No kidding! Without Russia’s oil exports, the world economy crashes.
‘no TV… and no beer…makes Homer…’
They’d burn through another 300B on shale but there’s nothing left to drill
In other words it wasn’t a ‘transition’ at all.
“UK risks falling into ‘dystopian economic collapse’ over gas supply, former Tory minister says.
“Sir Alan Duncan, who has also worked as an energy trader, said “we have to pull the emergency cord” in order to sustain gas supplies across Europe. He warned the government to be cautious “not to sanction ourselves” amid calls for further measures against the Kremlin for its brutal invasion of Ukraine.”
https://www.independent.co.uk/news/uk/politics/russia-ukraine-gas-uk-alan-duncan-b2029995.html
“Boris Johnson is preparing a new UK energy strategy, it is reported, which could involve more North Sea oil and gas production…
“Addressing a Downing Street press conference on Monday, he said it is “completely the right thing to do” to move away from dependence on Russian hydrocarbons.”
https://www.energyvoice.com/oilandgas/north-sea/393455/boris-johnson-north-sea/
Good luck on actually being able to raise oil and gas production.
Boof!
Presumably UK would already exploit those reserves were they profitable?
If the price is high enough, say $150 euros per barrel, perhaps some profitable extraction can again be performed. Of course, there are a lot of supply lines that need to be in place around the world, for this to actually take place.
There is very little oil and gas left, very little, no matter how high prices get. Problem is clueless Boris is being advised by clueless economists.
I suspect the energy story is far worse than even we believe.
Hard to believe that KSA is not in a steep decline.
“Tightening financial conditions sound alarm for world economy…
“Financial conditions is the umbrella phrase for how metrics such as exchange rates, equity swings and borrowing costs affect the availability of funding in the economy. How loose or tight conditions are dictate spending, saving and investment plans of businesses and households.”
https://www.reuters.com/markets/europe/tightening-financial-conditions-sound-alarm-world-economy-2022-03-07/
“Inflation’s last fling… Imagine how quickly inflation could turn to deflation when the oil-price blowoff ends, as it must…
“…the only investable assets that won’t be collapsing will be the dollar and gold. The former will soar not because it is no longer crap, but because urgent demand from borrowers unable to roll loans will put it in a short-squeeze of epic dimensions…
” Deflation will impose hardships far more difficult to avoid than merely curtailing spending on certain items. It will be bankruptcy writ large, a rebuke to excesses that have been accumulating in the financial system for more than 30 years.”
https://www.fxstreet.com/analysis/inflations-last-fling-202203070325
What does everything think about the possibility of deflation? I’ve never seen deflation before and can’t imagine it happening, if it did start to happen, wouldn’t another stimulus payment be sent out? Maybe there will be deflation and defaults as the flow of energy contracts but still not sure it’s a good idea to hold dollars and doubt there’s any safe haven for collapse.
I agree. New money is pumped into the system every day, people will be starving, but the problem will be deflation. Also, the dollar will not be collapsing? I dunno…
I am afraid that we are entering into a period where jobs will be much less available. The reason that jobs will be unavailable is because an increasing number of businesses will close up operations and lay off workers because they cannot obtain the resources needed to make the products they make. Supply lines will increasingly be broken.
In such a situation, banks are likely to be bankrupt as well, because debts cannot be repaid. Governments may institute withdrawal limits of say, $200 per week, to try to keep order in the system.
The government will not be able to collect as much tax revenue either because of the lack of jobs for citizens and the lack of sales by businesses. They may elect to cut off Social Security and Medicare benefits because they cannot afford the cost. They also will not be able to guarantee private pension payments any longer.
Shelves will be mostly empty, in such a circumstance.
People will not be able to afford very many of the few goods that are available, in this circumstance. But I doubt that the issue would be considered inflation. It might look like deflation. Many shares of stock will become worthless. Without fuel and fertilizer, the value of farmland will, in some sense, be worth less than it is today.
I expect in such a situation, central governments (such as the US central government) will not hold together for long. Each local area will issue its own currency. Travel will become much more local because exchange rates among currencies will be unclear. Moving to a new home will become very difficult, so home sales will fall.
UBI is the next step:
Senators and MPs reviewing universal basic income for Canadians
The concept of universal basic income (UBI) is being debated in Canada with two bills currently before the Senate and Parliament.
After the temporary Canada emergency response benefit (CERB) set the framework for a national basic income program, politicians are debating the feasibility of creating a standard livable wage for Canadians.
In December, Bill S-233 was introduced by Sen. Kim Pate and the similar Bill C-223 was tabled as a private member bill by NDP MP for Winnipeg Centre Leah Gazan. Both aim to establish a national framework for a guaranteed livable basic income for Canadians over the age of 17.
Senate and private members’ bills are rarely successfully passed.
UBI would essentially provide Canadians with a regular monthly payment from the government with no conditions attached, unlike employment income or old age security where what you earn outside of that benefit payment can be clawed back based on rising income levels.
https://westernstandardonline.com/2022/03/senators-and-mps-reviewing-universal-basic-income-for-canadians/
There might be one condition attached: you need to be fully vaxxed/boosted.
It would be helpful to have something to buy with the UBI.
Thank you for the detail reply on what you expect might happen. My place of employment(plastics manufacturing) is doing well but still struggling with supply chain issues and inflation so they keep raising prices. Things got quite bad when oil spiked during the great recession so will be interesting to see what happens during this spike. I don’t think we’ve even started to feel the pain from increased oil prices yet. It takes a little time to work through the manufacturing system.
Thank you for this explanation Gail.
I’m only afraid about what government could ‘invent’ to cover the real reasons of this new reality.
So glad I took early Social Security. At least I got something out of it for a few years.
So, we may be at the edge of big problems with derivative markets, I would guess. Also financial stability of banks.
In finance the saying goes “higher risk increases chances for higher revenues” call it risk premium.
The question with the supply and demand curve of “risk” is:
Where is the discontinuity here?
Perhaps the Russia situation — is meant to distract the world — as they wait for Devil Covid to emerge.
Perhaps you and others are delusional. The organizers were hoping for more but the vaccines proved to be an extremely ineffective rat poison. Hence this war.
I don’t think we really don’t know what is ahead.
COVID provided the first level of fear; the Ukraine war will add more fear and disruption to the world economy.
COVID and its vaccines may or may not play a very big role, going forward. The overblown medical system is one of the systems that will collapse as supply chains break.
Actually as the pandemic has been successful for ‘them’ in order to reach specific goals, the risk for us is that ‘they’ could decide to insert a new pandemic in the system.
Hence the moves at the WHO – we can be quite sure of a new ‘pandemic’ when it suits them.
The have to crush the un-vaxxed, after all.
Not a lot of unvaxxed left. Mainly children?
Last week I heard (radio) that 92% of 18 and over now double-vaxxed in Scotland.
Covid is far from over… Omicron is ripping … and we’ll get that mutant at some point .. the DC mutant…
People need to have patience.. WTF if anyone wants to die now then get a rope and find a tree.. the Elders are trying to draw this out till the very last minute.. cuz they die too
“The war in Ukraine will create a global food crisis, the boss of one of the world’s biggest fertiliser companies has warned…
“Svein Tore Holsether, CEO of Yara International, said: “For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be.””
https://www.bbc.co.uk/news/business-60623941
“Russia’s war on Ukraine threatens a global food security crisis…
“To avert widespread hunger, massive budget pressures and further inflation shocks, the world needs to act very quickly.”
https://www.ft.com/content/02095093-329b-4b66-9f80-13d07350014c
no problems whatsoever here.the magical printing presses can be reprogrammed to print new wheat.
China was already struggling with adequate food supply at the time of the African Swine Flu epidemic, and more since.
https://earth.org/does-china-have-a-pork-crisis/
https://www.cnn.com/2021/11/05/economy/china-food-security-mic-intl-hnk/index.html
I am thinking …. that’s the whole point of the ‘war’… to starve people to death.
“The Cash Some Afghans Desperately Need Is Trapped in Their Bank Accounts…
“For years, Mr. Khan’s extended family put their savings in a single bank account under his name. That money is now trapped. Until the family can get hold of $1,400 in cash, his nephew’s next round of intestinal surgeries has to wait. The baby is at home, a tube inserted in his abdomen.”
https://www.wsj.com/articles/the-cash-some-afghans-desperately-need-is-trapped-in-their-bank-accounts-11646578800
“Roiled by economic crisis, Sudan to float its currency.
“Cash-stripped Sudan has announced it will float the country’s currency as economic conditions deteriorate further, some four months after a military coup plunged the African nation into further turmoil.”
https://abcnews.go.com/International/wireStory/roiled-economic-crisis-sudan-float-currency-83303316
Currency can’t really buy what people hoped it would buy.
Soon some of the rotting body parts are gonna fall off
“‘We need bread’: fears in Middle East as Ukraine war hits wheat imports.
“Concerns are growing across the Middle East and north Africa that the war in Ukraine will send prices of staple foods soaring as wheat supplies are hit, potentially fuelling unrest.”
https://www.theguardian.com/global-development/2022/mar/07/we-need-bread-fears-in-middle-east-as-ukraine-russia-war-hits-wheat-imports
Maybe gluten free cake instead?
There’s no wheat in Borscht.
“Forty Moroccan cities see protests over spiralling living costs, caused by drought and Ukraine war…
“”We call for annulling the skyrocketing increases in many vital goods, and we demand an increase in the wages of workers and employees,” said the Moroccan Social Front, a non-governmental organisation that led Sunday’s protests.”
https://english.alaraby.co.uk/news/morocco-40-cities-erupt-protest-over-cost-living
Maybe they should instead demand a halt to the eastward expansion of NATO, which led directly to the war, which leads directly to both wheat and fertilizer shortages. More future shortages if this spring’s planting in the Ukraine does not take place.
Some dot connecting needs tweaking.
It’s only going to get worse ….
There won’t be no Second Coming … sorry to say … but there will be Rough Beasts… unless this CEP kicks in soon.
One day you will wake up … and Devil Covid will be in play….
And then we’ll see fear … real honest FEAR… no staged photos this time… this will be the Black Death … only it will be televised…
They will want to televise this cuz they will want Supreme Fear to Grip Everyone … so that everyone locks down … and starves….
Yee haw… she’ll be comin round the mountain when she comes
https://youtu.be/amtsGQYIoDU
Middle Easterners need to be fed, if the world intends to import food from these countries.
Food Rationing: Aldi has begun limiting purchases of cooking oil in German stores.
This follows palm oil and other oilseeds hitting record highs, and now the cut off from Ukraine’s sunflower oil.
https://www.infranken.de/ueberregional/deutschland/lidl-aldi-und-edeka-naechstes-produkt-wird-knapp-preis-verdoppelt-sich-art-5405977
“Oil Shock Risks Becoming ‘Nightmare’ for India’s Central Bank.
“The Ukraine war’s impact on global supply chains could force India’s central bank to raise its inflation forecast, but may leave little scope for it to tighten monetary policy amid a deteriorating global growth outlook…”
https://www.bloomberg.com/news/articles/2022-03-06/oil-shock-risks-becoming-nightmare-for-india-s-central-bank
“Hundreds of bakeries shut in Sri Lanka after cooking gas runs out.
“Nearly 1,000 bakeries have closed in Sri Lanka due to a severe shortage of cooking gas, an industry association said on Monday, as the impact of dwindling foreign exchange reserves ricochets through the country’s economy.”
https://www.reuters.com/world/asia-pacific/hundreds-bakeries-shut-sri-lanka-after-cooking-gas-runs-out-2022-03-07/
“The cost of insuring [Turkey] against a default hit its highest level since the global financial crisis in 2008 on Monday…
“The war threatens to stoke inflation, which had already hit 54% in February… As oil prices soar, major energy importer Turkey is facing a higher fuel bill and the loss of tourists from Russia and Ukraine, two of its key market…”
https://www.reuters.com/markets/rates-bonds/turkish-lira-weakens-1-energy-cost-concerns-weigh-2022-03-07/
A picture has this caption:
“A staff [member] uses a traditional Sri Lankan wooden stove to cook at a hotel during a power outage.”
I imaging Sri Lankan forests will be cut down at a record rate, if cooking gas is not available. In fact, other parts of the world may face the same issue.
It’s not so easy to burn green wood though….
The plan seems to be for a lower interest rate:
Russian Ministry of Foreign Affairs: USA and Russia should return to cold war peace.
Do they really believe that? Do they believe that anybody will come to work to Russia to save its economy of a cold country dependent on energy exports? Are they going to organize new gulags for foreigners, as their population is terribly ageing as the rest of the world?
“Do they believe that anybody will come to work to Russia to save its economy of a cold country dependent on energy exports?”
Not sure of the syntax/intended sense here, but if work pays in Russia, I expect there will be people to do that work, get paid, and get educated at the state’s expense.
I think that the problem is that work doesn’t pay very well in Russia, for 99% of the people. The oligarchs fare well, but not the ordinary people. Even educated people whom a person might expect to have a “middle class” standard of living have to get along with very little. The situation has been going on for a long time, but has gotten worse since 2014, I would expect. I visited Russia in 2012, so it is close to ten years ago now. Things were not very good for the common people, even back then.
“…the global financial system looks set to split in two as Moscow turns to a Chinese payments system as a substitute for Visa and Mastercard.
“Lenders including Sberbank and Alfa Bank plan to move to China’s UnionPay for their customers’ bank cards – although an expert today said the move would take time and cause severe economic disruption. Russia has also been recently ejected from Swift…”
https://www.dailymail.co.uk/news/article-10585285/Global-banking-faces-split-Russians-turn-Chinese.html
“A Russian debt default could spill over into emerging markets including China, according to Yale economist Stephen Roach.
“”If Russia does default on its debt…there will be broad spillover effects to sovereign debt in emerging markets around the world and China will not be unscathed from that,” he told “Squawk Box Asia” on Sunday.”
https://uk.finance.yahoo.com/news/russian-debt-default-could-spill-122724590.html
“China can’t count on global markets for food security, Xi Jinping says…
““The world has entered a new era of turbulence and change which makes domestic reform and development a challenging task,” state broadcaster CCTV quoted Xi as telling the members of the Chinese People’s Political Consultative Conference.”
https://www.scmp.com/news/china/politics/article/3169467/china-cant-count-global-markets-food-security-xi-jinping-says
China has figured out the world food problem we are now encountering.
“China Sees Record Bond-Market Pullback From Foreign Investors.
“Foreign investors reduced their holdings of Chinese government bonds by the most ever last month as Russia’s invasion of Ukraine roiled fixed-income markets worldwide.”
https://www.bloomberg.com/news/articles/2022-03-07/china-sees-record-bond-market-pullback-from-foreign-investors
“Credit stress among China’s developers is spilling over to some of the nation’s stronger builders, leaving investors with even fewer places to hide…
“Traders betting on better times ahead are in a difficult position, particularly amid risk-off sentiment in broader markets triggered by Russia’s invasion of Ukraine.”
https://www.bloomberg.com/graphics/china-credit-2022-03/
A couple of weeks ago, Joe Blogs on YT said he thought that all major builders in China will default on their loans / bond payments this year. If I remember correctly year on year sales had dropped by about 50% for January. The Chinese could see that most of the 1.6 M people who had put down a deposit for an Evergrande apartment were going to lose the flat and the deposit. So now they want to see a completed flat before they part with their cash.
Two-month sales of flats still seem to be very far down. Builders won’t be able to get away from their problems with defaults, this way.
Cutting off Swift seems to be a way to drive Russia and China closer together.
https://rumble.com/embed/vtkgjt/?pub=4 Gail mentioned
Thanks 👍😊 for the he link and listen to the interview with Kuntsler some very good parts and insight spoken.
Worth listening to and the information provided points😀we are indeed F$CKED
Liked the background historical reflection on this came about and where we are now.
Hd On to you pants
Any specific parts to listen to? I listened to the first 10 minutes, but don’t have time to listen to the whole thing (1 hour and 23 minutes).
At first, I didn’t recognize Kunstler. He has shaved off his mustache and added glasses. He is wearing a warm hat, which covers his hair line. And he is a few years older than when I saw him last, in person.
I only watched the first 10 mins or so…
He doesn’t look well… anyone know if he got Vax Suckered?
https://i.redd.it/baconlt0uzl81.jpg
I can’t believe someone would watch TV.
I can’t believe someone would read this blog
Well; Gail as the ‘anchor’ slapping down the facts.
Harry as the ‘sidekick’ delivering evidence.
Normal and FE calling in as guest ‘debaters’ with FE sporting full unhinged mode.
That would make me watch TV.
🍿😳👍 📺
(Can’t somebody with deep fake skills slap together something totally out of this world?)
That’s a good idea. I’m going to make an animated show based on characters from this blog or at least an ourfiniteworld comic strip.
already been done
https://end-of-more.medium.com/anti-vaxxers-f2a6b9d31ca4
I can’t believe anyone would inject an experiment into their bodies — in exchange for a donut hahaha
Issues with debts, energy, etc in all countries from US to Sri Lanka are classic signs of collapse. We are seeing the collapse in real time. We should “be thankful” that we are aware and record what we seeing before the final collapse. Those who took the jab are unlikely to be aware and will only be swpt away without knowing why.
FE – no more COVID stories… the meme or theme has changed. Once TV is not showing COVID it is gone.
Asking FE not to comment on Covid is like suggesting he has a brain transplant.
He’s been banging on about covid since he discovered it was real.
before that he was ranting that it was a chinese hoax
How are those boosters working out for ya norm hahahahaahahahahahha…
Best to let people go about their business… spreading the virus … without bothering them… so that DC has the opportunity to emerge…
Then one day.. we wake up … to the End Game… the stench of death … everywhere
Just finishing this https://www.bitchute.com/video/Dq8WHsXmpJAx/ and thinking …
All those snowflake do-gooder MOREONS heading to Ukraine to support the freedom fighters… what they are going to think when the realize they are actually fighting for a corrupt government filled with Nazi fan boys hahahahaaha priceless!!!
And they’re back! It’s like one of those 1960s Hammer Film Productions horror-movie series with Peter Cushing and Christopher Lee … Return of the Putin-Nazis! Revenge of the Putin-Nazis! Return of the Revenge of the Bride of the Putin-Nazis!
And this time they are not horsing around with stealing elections from Hillary Clinton with anti-masturbation Facebook ads. They are going straight for “Democracy’s” jugular!
Yes, that’s right, folks, Vladimir Putin, leader of the Putin-Nazis and official “Evil Dictator of the Day,” has launched a Kamikaze attack on the United Forces of Goodness (and Freedom) to provoke us into losing our temper and waging a global thermonuclear war that will wipe out the entire human species and most other forms of life on earth!
https://off-guardian.org/2022/03/07/revenge-of-the-putin-nazis/
https://www.instagram.com/tv/CayTqKplm4L/?utm_medium=share_sheet
Speaking of actors, this is one of my favs.
WOW! Ukraine is now moving to a war economy. Payments will be subject to vaccination/digital ID status.
https://twitter.com/Nemo70488915/status/1501034532186865664
The translator said something like “by analogy with the payments for vaccination”, which to me sounds like via the same system/software that (apparently previously?) payed people to get vaccinated. I heard some countries payed people, I guess Ukraine was one of them? Anyways, it’s not clear to me that you have to be vaccinated to get the money that they’re currently talking about.
Nobody could have predicted!!
LOL
Another test tube for the WEF to refine it toolkit; but for a future that won’t arrive IMO.
Never let a crisis go to waste, but don’t worry if the country does.
Digital UBI getting implemented.
Not much of a choice, is there?
Well; perhaps if you’d accept a plot of land in Russia, an old tractor and intermittent electricity.
Helps the companies selling the vaccines.
One Of China’s Largest Banks Unable To Pay Margin Call After Today’s Monster Nickel Squeeze
https://www.zerohedge.com/commodities/one-chinas-largest-banks-unable-pay-margin-call-after-todays-monster-nickel-squeeze
A smaller problem: https://www.zerohedge.com/commodities/wisdomtree-terminates-triple-leveraged-nickel-product-after-investor-wipe-out
Also, the world’s largest nickel mining company is in Russia:
https://www.zerohedge.com/markets/worlds-largest-nickel-mining-companies
“If I put on glasses and look at myself like the whole rest of the world, I see myself as a monster, as a puppet master, as the master of Zelensky, someone making apocalyptic plans. I can start making this real.”
Ihor Kolomoisky, New York Times, November 2019.
https://www.unz.com/article/jewish-subtexts-in-ukraine/
A map of the situation on the ground.
https://dxczjjuegupb.cloudfront.net/wp-content/uploads/2022/03/Donbass-operational-cauldron-on-Russian-TV.jpg
https://www.bitchute.com/video/iT2LN5Be7Qoy/
it’s easy to miss the significance here if you’re not familiar with what you are looking at. what they are saying is that exposing you to the spike/s-1 proteins of omicron elicited no immune responses that diverged from the previous vaccine.
assuming (and i think this is likely a good assumption) that this vaccine accurately modeled omicron, this is a sign of antigenic fixation. you have locked your immune system into one set of responses and it is not learning new ones when faced with novel pathogen variants. (read OAS link above for details on how this works)
https://boriquagato.substack.com/p/variant-specific-boosters-fail-to
This punch line of this article is
“your immune response has ceased to be trainable” due to original antigenic sin, otherwise termed antigenic imprinting.
This is why omicron specific vaccine doesn’t work.
In words the mike/norm will understand … anyone who has injected this garbage …………………. has permanently f789ed their immune system… (I had to stop for a second to laugh… then finish the sentence hence the ……………………)
In Oct. 2021, a former Pfizer quality control manager and a whistleblower, Melissa Strickler, spilled beans on the unusual manufacturing prossess at the Pfizer Covid-19 vaccine plant in a series of interviews. Pfizer’s processes for its “vaccine” are strangely deviating from usual norms. The compounding room has no idea what are the components they are mixing into the “product”. This secrecy about what goes into the vials is unprecedented. Furthermore, the vaccine manufacturers are not controlled by any independent bodies as to the quality control, the vials being shipped directly to the vaccine administration locations. This lends credence to the assertion that the mRNA vaccines may contain undisclosed constituents.
https://palexander.substack.com/p/lasting-legacy-of-trojan-horses-an
Why would anyone anyway want to put babies to this world with these appalling “normals” polisong an otherwise calm and peaceful existence with their fantasies?
No; I cannot find “compassion” for those who are hell bent on forcing me to conformity. And what is compassion anyway?
COMLASSION:
“Sympathetic pity and concern for the sufferings or misfortunes of others.”
Freely choosing to incite suffering and misfortune toward oneself and others is not subject to compassion in return. Accepting/peddling the vax and now busy warmongering is worthy of nothing but contempt.
Have compassion for those who are in no situation of making their own informed choices, such as children and critters.
Third Moderna shot November 2021:
Bedridden with fever and body aches for two days. Recovered enough to go to work on day 3. Routine physical happened to be scheduled about 5 days after that vaccine. Routine urinalysis showed proteinuria, ketonuria and hematuria, but was asymptomatic at that time. Repeat urinalysis in three weeks was normal. (I’m not diabetic.)
Physician advised, “Yes, you had a bad reaction to the vaccine, and I’ve seen that before. But, don’t tell anyone, because we have a very low vaccination rate in this area.”
https://www.eugyppius.com/p/from-sore-arms-to-sudden-death?s=r
hahahahaahahaha
Anyway back to my fridge side effect log, the 1st round of shots was a breeze for most people & the ‘no side effect column’ was winning. But the 2nd shot changed everything, 2 red arms from shoulder to wrist that took weeks to resolve, women, down in bed sick for days afterward, some got terrible colds. Then the worse side effects started to be heard, a young 32 yr old woman, her hands & arms got so tingly she didn’t feel confidant to drive & started asking her friends for rides. We never heard what the outcome was for her. Then a man in his 50s, had the same thing but in his legs, he may still be doctoring for it. Another man, older, maybe 70, not in very good health, 1 of his legs swelled, from above his knee to nearly his hip w/no apparent cause & only the 1 leg. He had some treatment, it did go away.
There were quite a few deaths that seemed untimely, particularly in young men, 5 of them, but I was never able to definitively blame the shot. But these were guys in their 40s, 1 in his 30s, friends of my friends sons, who were regular guys w/families just going to work & coming home, not in bad health, no bad habits & All were heart attacks. There have also been quite a few obits around here of others, older people, my age, or younger in their 50s, people that I didn’t know but seemed to be more than normal number of deaths. And I doubt any of these were reported to VAERS.
This sounds bad re-reading it & of course it is, but I should say I know dozens of people who took the shot & have had no trouble that they know of. And that is the real rub, ‘that they know of’ but I am hopeful all will be fine for them.
https://www.eugyppius.com/p/from-sore-arms-to-sudden-death?s=r
Faculty member, male, mid-60s: after his booster, had such a bad case of myocarditis that he had to be put in a medically-induced coma, and the received a heart transplant. Luckily, both he and his family (who were previously vax fanatics), have been outspoken about the fact that this was caused by the booster.
Faculty member, male, mid-50s: after his second dose of the vax, had a heart attack, had a pacemaker put in. Didn’t/wouldn’t see the connection because had had heart problems previously. After his booster, had another cardiac event about a week later – the pacemaker saved him. Again wouldn’t recognize the connection.
Student, male, 20 years old: had to be taken from campus in an ambulance 5 days after his booster. Myocarditis. Knows it was from the booster.
Student, female: 19 years old: since receiving the booster, has had strep throat multiple times. She said this to me: “I haven’t been healthy since receiving the booster.”
I will also say that in general since the vaccines, students have been much sicker more often than I’ve ever experienced as a professor. We held classes in person last semester (hybrid), and there was no problem with sickness – similar to my other years as a prof. This year it’s been sick kid after sick kid. And everyone got covid in January, despite the fact that the student population is 99% vaccinated, and the fac/staff are at 95%.
https://www.eugyppius.com/p/from-sore-arms-to-sudden-death?s=r
From sore arms to sudden death
It is undeniable: The Corona vaccines cause a wide array of adverse events, not all of them understood. Right now it’s hard to assess their population-wide impact, beyond saying that they’re substantially more dangerous than ordinary vaccines. Rough calculations from VAERS data suggest that they’re at least several hundred times more likely to hurt you than flu shots.
In addition to acute vaccine reactions – fever, myalgia, swollen lymph nodes and injection site soreness in the days following vaccination – many of you also discussed an array of more disturbing symptoms, including serious tinnitus, heightened blood pressure, chest pains, irregular menstrual bleeding and shortness of breath. I also had many letters describing shingles and Bell’s Palsy following vaccination; and of more puzzling and potentially more serious neurological problems, from vertigo to muscular tremors to seizures. For the most part, milder acute symptoms disappeared in days, but some you report sore arms and tinnitus lasting many months.
https://www.eugyppius.com/p/from-sore-arms-to-sudden-death
Oh and they dont stop infection or death from covid hahahaahaha https://www.headsupster.com/forumthread?shortId=1537
But norm wants MORE!
To all the learned people of OFW, “Being educated” means nothing now and “university education”, the higher you go, the worse it is. Education has to be redefined.
We are a special group of people who do not bash each other madly like other sides. We have seen through the fog of lies. “Hope” is something that nature gave to us and it is very helpful to ensure that there is willpower for humans to survive when things are down or when things are quiet and peaceful. However, it is counter productive when we are in a collapse mode.
Everyone still hopes that things will go back to normal. In this sense, normalcy bias kills. No preparation, be it physical or mental has been done or will be done to prepare for this. No, prepping is not what I am talking about. I am just talking about common sense.
The number of people who believed in vaccine, masks and Putin started this mess are just too enormous. There are no solutions except total collapse.
Again as I have pointed out in my previous post – there are people who are not aware or forgot about exponential function. Do we still many years to go? Perhaps decades if you were in 2016 (that is what will think), maybe a few years (when you were in 2020 just around COVID started), maybe 1-2 years more (if you are in 2021 when things started to crack) and now, what is your opinion, still decades?
Yes.. the delusion even among the more sanguine and logical is still be bigly. Even those who think that post collapse, we will still have “Little House on the Prairie”.
I have been saying this for many times already. Those who disagree with the paragraphs above, hope springs eternal.
Perhaps… the objective the simulation is to
1. Simulate what the world would be if it is run by morons
2. How the world would look like if the bring and the conservative are suppressed. See, I always felt that any conservative billionaire who will start up a no-hold barred social media, news outlet, printed media or university, would have made billions more but why none did it? Why leave all to the leberals (sic) who destroyed the west? It has to be a simulation where it is artificially suppressed to see what the subjects will do under extreme duress.
What happens if Russia decides to pull back and say “sorry”?
The end is nigh
Can’t do that. Ukraine would then be “justified” in joining NATO, as it has been invaded, thus validating the reasons for joining. Ironically, the very act that the “invasion” was needed to prevent from happening in the first place. The people of the Western countries and Ukraine are being used by the globalists. US and Russia have been placed into a cock fight, with Ukraine as the patsy. like Vietnam, Afghanistan, Iraq, Syria, Yemen etc being destabilized and destroyed and used by the Globalists to create chaos, so as to weaken both sides with the intent to drive the entire world into serfdom. It’s about control.
Yes, Zelensky is corrupt and his govt is run by thugs. Yes, Putin is a mobster /dictator and is corrupt. Yes Joe Biden is corrupt. Yes Trump is a womanizer, a lousy business man (4 bankrupt projects- thank you Wilbur Ross and Deutsch Bank) a con artist born with his daddy’s silver spoon in his mouth, a draft dodger (heel spurs). AND Trump is a disruptor who has nevertheless exposed the corruption in the US, AND Putin is not crazy but has being coerced into having to make a stand now, after having expressed concerns for the past 20 years about Russian security in face of a totally unnecessary post WWII NATO alliance which serves only as a third party proxy for the Globalists to destabilize Russia.
Some people say follow the money. Yes, the FED and fiat /fractional reserve banking enable creation of money by which politicians get re-elected as they can pay for their promises for a while, and then become magnets for corporate influence money (bribes) which sets in motion a fascist state (corporatocracy)
But a parallel is when the government wants to distance itself from actually voting for things like the invasion of people’s privacy, they set up a rogue agency like the NSA to act as its proxy to take attention away from the root of the problem. The Globalists aren’t to blame. The Politicians in the US and the CIA aren’t. We need NATO to protect us from Russia and Putin, just like we needed NSA to protect us from all those goat herding terrorists! /s
“What happens if Russia decides to pull back and say “sorry”?
Why should Russia say Sorry -they’re only defending themselves against NATO , USA & UK aggression. It’s the USA that should be sorry for all the deaths & horror they’ve inflicted on weak nations over the past 60+ years.
> Why should Russia say Sorry -they’re only defending themselves against NATO , USA & UK aggression. It’s the USA that should be sorry for all the deaths & horror they’ve inflicted on weak nations over the past 60+ years.
Precisely!
“Everyone still hopes that things will go back to normal.”
the events of each day are the normal for that day.
today, it was bAU in IC, at least where I live.
right now, I have the year 2032 discounted to zero.
tomorrow? soon it will be just another “today”.
I hope it’s bAU in IC, at least where I live.
it’s bAU in the midst of the ongoing collapse of IC.
that’s good enough for me.
it is what it is.
the perpetual unfolding stunning beauty of collapsing IC.
Good comment.
You are probably aware of Ivan Illich’s work on school and education. School is nothing more than a ritual to which we subject our children. Everyone who leaves school is trained to be a cog in the system. And you’re right, the higher we go, the worse it gets. I’d love to hear more about your group of people. There are many groups in the world working underground and offline.
Yes it’s to see if you will jump through the hoops. The same is true of powerful positions that’s how we have such idiots running the government. It’s all the people who were willing to jump through the hoops
We are the group of people here… unlike ZH or other sites where commenter are all “anti something” and keep on bashing other people. We are that special group
Problem being is that everybody think they’re “special”. It’s the (PSS) precious snowflake syndrome.
I would perhaps go so as far as to conclude that the OFW clientele is “different”.
I’m sure most people got their “excuses” and fantasies for blowing through a copious amount of finite resources with very little to show for.
Thank you. But this good to have connections in the real life. Talking online will reinforce your feeling of living in a simulation.
I am still learning, and I discover that the world is much more stranger than anything you can read here.
Connections in real life are pretty much useless… the odds of meeting a live person who has even 5% of the understanding of the world of the Core Contributors on OFW is literally 0.000000000000000000000000000000000000000000000000000000001%
Sure… why not have a few of the more amusing ones around — like one keeps pets…
Well; within its temptations lays the truth of a species.
Exercising good judgement given the situation is what differentiates the person who is reasonably individuated and those who merely act subconsciously according to the whims and wishes of the herd.
Study some Jung and Freud and think about it for some time with the (ego) fantasies switched off.
Hope is for suckers.
— Alan Watts
The above quote isn’t negative. If that is the impression it gives; then you’re still seeped in fantasy.
What is the point clinging to something that is fundamentally absurd (fantasies, hopes, dreams, the perpetuity of fossil fueled IC) from an existentialist viewpoint?
🪵🪓💧
DR SUCHARIT BHAKDI: ORGANS OF DEAD VACCINATED PROVES AUTO IMMUNE ATTACK – 22/12/2021
https://www.bitchute.com/video/fHIT55iM4Zv9/
Another damning video regarding ALL Spike Protein gene Mra vaccines.
A real conclusion report…no doubt these are killers.
No joke…
Hard to believe that they are still being pushed for everyone… especially children
Last night the CBS report that came on saying healthy. Children should not get the vaccine was discounted by the talking head, Dr Poole, when he pronounced that 47 children died of the COVID!
No mention of the adverse effects of risks of taking it.
Too much profits on the line
Read Moderan is building a plant in Africa!!!!!
Let’s lighten up the mood a bit … all this Ukraine doomsday stuff is a bit much …
How about a nice juicy story for ya’ll hahahaha
Tim Berry: 30-year-old British man suffers severe post-Pfizer spinal cord deterioration, paralyzed from chest down three weeks after the injection
“[I was] falling over at home trying to stand, couldn’t use the toilet etc., fell over, shit myself, had to be cleaned and picked up by [Rebecca].”
“This isn’t a anti vaccine post it’s a don’t ever take anything for granted post! You don’t know you’ll wake up as you are today, tomorrow! Count your blessings, make the choices that make you happy.”
https://thecovidblog.com/2022/02/28/tim-berry-30-year-old-british-man-suffers-severe-post-pfizer-spinal-cord-deterioration-paralyzed-from-chest-down-three-weeks-after-the-injection/
Let’s all have a nice chuckle over this … a group laugh… laughter reduces stress.. and when you laugh at a MOREON it builds your sense of Superiority…
It fosters group Disgust for the sea of ID iots that surround us… and as a bonus you get to experience shadenfroyde… which is a German/French word for I just love it when MOREONS pay the price for their MOREONISM…
This results in very good mental health .. reduces stress.. and contributes (along with Vitamin D) to a strong immune system and overall feelings of happiness and bliss.
Thank you Tim – for sharing that story with us 🙂 You f789ing Id iot… who in their right mind injects a medication that was developed and tested in less than a year hahahahaaha…. a f789ing rat wouldn’t even sign up for those trials given the choice hahahahahaa
Rats are certainly smarter.
They looked looked at the traps I set with tasty lumps of chorizo (how painful to use the food of the gods for such a low purpose!) and collectively said: ‘Yeah, right, think we’re suckers?!’
Not one of them ‘took it for the team’ as humans have been doing with the vaxxes.
I was fishing up in Twizel a month ago and there were big ol trout jumping all over the place… but no way I could hook one. They’ve seen this act before.
But with the Pfizer – they swallowed the hook – know it kills – and they are moving onto their 4th … MOREONS – fish are smarter
Probably cockroaches are smarter: and certainly harder to kill!
More collateral damage. This is insane. The world can’t handle dollar shortages created by sanctions on Russia. There will be many. Small countries don’t have the reserves to weather it.
Sri Lanka Sharply Depreciates Currency As Crisis Bites
Sri Lanka announced a near-15 percent depreciation of its currency Monday, four days after the IMF called for devaluation and higher taxes to revive the almost-bankrupt economy.
The Central Bank of Sri Lanka said it will allow “greater flexibility” so that the market will determine the exchange rate, which has been pegged at 197 rupees to the dollar since last April.
The bank said it hoped the rupee will not fall to more than 230 to the dollar, suggesting it will intervene to ensure that the depreciation is limited to about 15 percent.
A severe foreign exchange shortage has led to fuel and electricity rationing across the South Asian nation of 22 million, and has crippled public transport and caused long queues for food and medicines.
Essentials such as milk powder, sugar, lentils and wheat, as well as medicines, are in short supply as the country maintains a wide import ban in place since March 2020 to save foreign currency.
https://www.barrons.com/news/sri-lanka-sharply-depreciates-currency-as-crisis-bites-01646673308
You can’t blame someone if they came to the conclusion, this is being done on purpose to collapse the global economy.
It feels like the first days of covid lockdown. Fear. The fear had dissipated from covid. It felt so good. People had rejected the narrative where i live. Probably one in a hundred wearing a mask in the supermarket. No they were not up to speed listening to Malone, and Kory and the rest but they knew something was fishy. As my UPS driver put it “their up to something”.
Now the fear is back. Fear of nuclear war. The sanctions will cause another great depression. The sanctions will kill far more people than the Ukraine conflict in the third world from energy and food shortages. Many many mor multiple of people will die from the sanctions than the war.
I dont know i cant quite buy that Putin was in on the plan. If you understand how abuse relationships parallel oppressive societies work control is demonstrated with fear. It would seem that we are intended to live in uncertainty. Fear used to manipulate.
Its working. Im scared. I think it has real potential to turn into world war and nuclear war. Even if it doesnt the world is changed. Is the financial system healthy enough to deal with this? Imagine the losses on the wrong side of the commodity derivatives bet. What sort of perpetually “warm” war culture are we heading to? So yes “You can’t blame someone if they came to the conclusion, this is being done on purpose to collapse the global economy.” I wouldnt blame anybody if they thought it was being done on purpose to institute a control society either.
You know three years ago I didnt have a care in my head about bio weapons. Now i wonder if someone was to decide to deploy nuclear weapons wouldn’t they deploy the bio weapons in the arsenal first, say two weeks before the nuclear strike? Wouldn’t that be in accordance with mutually assured destruction doctrine? If it turned out that your analysis about the nuclear strike was incorrect the bioweapon would assure that no one survived. plan b.
The last time humanity used weapons of mass destruction there was no internet. there was no smart phones. Jet aircraft were just starting to be developed. look how far technology has come. We have no idea what has been developed in war technology. Nuclear weapons may well be as antiquated as vinyl records. I have no idea what the black ops money budgeted for all those years bought but im pretty sure it bought something.
Really we have been in a low level biowarfare environment for the last three years. Now the government is adding economic warfare to our environment. It acts much like a bioweapon in that you cant really select who is effected. Bhutan is going to be devastated by the sanctions and im pretty sure Biden doesnt even know what continent it is on.
Even these low level functions of warfare are devastating. If they open the war chests I have no doubt that something in it will turn out to work well. It may not be A, B or C but L.
The thing is if the government is truly nuts… If they want NATO in this thing… I think they will find a way. A event of some sort with all the angst a modern propaganda machine can generate.
Im beginning to wonder if humanity will feel safe secure and comfortable anytime in the future. All our ideas for the future are dissolving. Are we like Winston and Julia in 1984 only worse? Just speaking out loud. I have good coping skills. Im finding it hard to focus on life however. Im finding whats occurring, the possibility of world war, or a intensified perpetual war society where we lose even the small bit of what we have left to speak out against the narrative somewhat overwhelming. I have always turned to work as a solution for stress. Feel the body. Sleep comes. It still works but there are times it doesnt. I woke up at 4am after 6 hours of sleep.
I guess i know the tinyest bit bit what Syria felt like now. What Iraq felt like. What Libya felt like. Ive lived all over the world where its real poor. Even in the worst slum I never felt this sense of uncertainty. Not even close. Even going out into the beggars and people who didnt know where tomorows meal was coming from. It was mayhem but food was still there people still made it. They were in rags the food was what was in the garbage pail in the west but they made it. The mayhem was the mayhem that comes from distributing very limited resources with too large a population. But the mayhem was reliable. Yes there was a tiny background fear of extreme poverty. Nothing like this.
And the kids. Im a adult. I have coping skills. My friends daughter is a beautiful young girl. Two of her classmates have committed suicide in the last three years. She trys to put the emotional environment aside. Her whole family loves her. But she feels it. She feels the fear. She feels the uncertainty. It effects her. She is effected. She can try to pretend it doesnt effect her but it does. Her family tries to put it aside to do happy things not to show it. Her grandad is a vet as tough as they come. But its there. It cant be denied. People feel. People interact. There is emotional transmission.
We were on the upswing. Freedom convoy in Canada. Freedom convoy in USA. Things getting less divisive. Some tiny semblance of unity. Some tiny glimmer of if not justice that the abuse might end. Boom kicked in the balls again. Back in your place. This Ukraine event is not a true unity that comes from a tribe pulling together when attacked. The people know in their hearts its abuse. Yes some react the way the abuse is designed for. Thats how abuse and manipulation works. The abuser works toward having periods of non abuse defined as a gift by the abused.
There is not the tinyest bit of accountability. Not for the release in 2019. Not for this medical experimentation. Not for the cou in 2014. I dont know who is running this horror show but it isnt me or anyone I know. The worst POS manipulating selfish lieing neighbor I know wouldnt do this crap. I have zero trust in the government. None. It is a failed institution. I dont know what it is or who it represents but it doesnt represent me. I am a son of this land. I was born here and I will die here but this government is not mine. IMO we are being subjected to abuse. The bioweapon is abuse. The injections are abuse. The war culture is abuse. The fear is abuse.
Thanks for your insights. I think you are right. You say,
“Im beginning to wonder if humanity will feel safe secure and comfortable anytime in the future. All our ideas for the future are dissolving.”
We know what a growing economy looks and feels like; we don’t understand what a collapsing economy looks and feels like. It is not the same.
I’ve had over a decade to process – and react to what we are now experiencing >>> the end of days.
So I sleep very well.
I can see how most people (some are so stooopid they won’t realize what is about to hit)… would be anxious. They do not understand why our leaders would allow this to happen.
Albert Bartlett nailed it…. and here we are … 8B of us… in the holding pen outside the abattoir… nervously kicking at the dirt.. praying for a miracle…
Well there ain’t gonna be no miracle. The oil is burned up…
How many times have I looked at a multi lane highways jammed with cars and trucks… and thought — this is not sustainable. I watched a doco last year – City in the Sky – at any given time 1 million people are in flight — ONE f789ing MILLION!!! hahaha that’s nuts!
This suckers going down… and there’s nothing anyone can do except hopefully minimize the suffering.
Obviously it is not a dollar shortage, as the printing presses are working overtime.
Coinbase says it’s blocking 25,000 Russia-linked crypto addresses
Coinbase says it’s currently blocking 25,000 cryptocurrency addresses linked to Russian people or entities, defending itself against claims that Russia could evade sanctions with crypto. In a blog post published yesterday, chief legal officer Paul Grewal outlined how the financial exchange is complying with new rules imposed amid the ongoing invasion of Ukraine. That includes using “sophisticated blockchain analytics” to identify accounts that are indirectly linked to banned users.
Coinbase indicated that the 25,000 blocked accounts were “related to Russian individuals or entities we believe to be engaging in illicit activity.” It didn’t specify when precisely they’d been blocked or how many of the restrictions were related to the current sanctions — in one example, for instance, Coinbase cited a 2020 sanction against a specific Russian national with 1,200 potentially linked accounts.
https://www.theverge.com/2022/3/7/22965605/coinbase-russian-sanctions-address-blocking
Spiritual Teacher Fraunk: Failure to educate is the greatest abuse.
With abundant resources and inexpensive energy, there is no reason for the Russian Federation or the Soviet Union that preceded it, to have an economy based on resource export only.
“Where there is no vision, the people perish” Proverbs 29:18, King James Version
The failure to educate its population and give them an environment where creativity could be employed is the historic problem. Aristocrat, Communist bureaucrat or autocrat, power and domination priorities interfered with observation of evolution in the greater world. The people suffer within a shared dysfunction.
I think that the low temperatures and spread out population are both handicaps that are difficult to overcome. The low temperature means that more fuel is needed for heating; the spread out population means that more fuel is required for transport. It is hard to have a very efficient economy, even with the best planning. A place like Philippines has lots of people in a small area and doesn’t use a lot of fuel for transport (except among the islands).
I think that “opportunity” will always trump “vision”. When there is the opportunity to expand habitation, it simply occurs. Back to our laws of thermodynamics: where there is an energy gradient built up “God”/the universe will act to flatten it. If things could be different, they would be, but they can’t be different, and so they aren’t.
Russia Threatens to Cut Gas Flows to Europe Via the Nord Stream 1 Pipeline
https://www.bloomberg.com/news/articles/2022-03-07/russia-threatens-to-cut-gas-flows-to-europe-via-nord-stream-1?srnd=premium-asia
> Russia Threatens To Cut Off Flow Of Nordstream 1 Pipeline
Russia’s Deputy Prime Minister Alexander Novak on Monday has said that Russia could cut natural gas supplies to Germany via the Nord Stream 1 pipeline.
“In connection with unfounded accusations against Russia regarding the energy crisis in Europe and the imposition of a ban on Nord Stream 2, we have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline,” Novak said in a state television broadcast on Monday, adding that “so far, we are not taking such a decision.”
…. Europe gets 40% of its natural gas supply from Russia.
If Russia does cut off the flow of Nord Stream 1, natural gas prices in Europe will climb even higher. Natural gas prices are already at a record high, up 42% from Friday’s close to $293 per MwH on Monday.
https://oilprice.com/Latest-Energy-News/World-News/Russia-Threatens-To-Cut-Off-Flow-Of-Nordstream-1-Pipeline.html
> Russia warns West over oil import ban as Ukraine talks make little headway
Russia warned that oil prices could surge to $300 a barrel and it might close the main gas pipeline to Germany if the West halts oil imports over the invasion of Ukraine as peace talks on Monday made little progress.
…. Seeking to ratchet up the pressure on Russian President Vladimir Putin, the United States said Washington and its European allies were considering banning Russian oil imports. Oil prices spiked to their highest levels since 2008.
“A rejection of Russian oil would lead to catastrophic consequences for the global market,” said Russian Deputy Prime Minister Alexander Novak, saying the price could more than double to over $300 per barrel.
U.S. President Joe Biden held a video conference call with the leaders of France, Germany and Britain as he pushed for their support on the ban.
But if need be the United States is willing to move ahead without allies in Europe, two people familiar with the matter told Reuters. Many countries on the continent are heavily reliant on Russian energy.
Germany last month froze the certification of the Nord Stream 2 gas pipeline.
“We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline,” said Novak.
https://www.fxempire.com/news/article/ukrainians-trapped-in-besieged-city-as-fighting-blocks-evacuation-efforts-925121
Europe desperately needs the natural gas from Nord Stream 1 pipeline.
I can’t help but wonder if the UK govt is gearing up to do something really, really stupid:
Ukraine: Volodymyr Zelensky to address UK MPs in Commons
https://www.bbc.co.uk/news/uk-politics-60655003
“Fast track laws to toughen sanctions”?
I read a hilarious comment about the Zelensky gov. yesterday. It was a screen capture and unfortunately I did not save it.
It outlined how most of the Z. gov. are TV producers and actors from Z’s entertainment past. Many members also happen to be dual citizens (Israelis, but also Americans.. the health minister is American citizen, for example). I hope I can track it down because it demonstrates that “Ukraine” as proposed on the international stage, is the furthest thing from a “real country” that one could imagine. (I’m talking about the imposed political organization, not the millions of ethnic ukrainians in the region who are not represented by the puppet gov.)
ok, found it:
https://media.gab.com/system/media_attachments/files/100/857/700/original/8ac1a1036d0220b0.jpeg
https://boards.4chan.org/pol/thread/365670205
Text:
While Russian-Ukrainian war is ongoing,
let’s take a look at the composition of the Ukrainian government:
The core decision-making inner circle of Ukrainian President Zelensky is actually based on his circle of friends when he was an actor.
1. The Chief of Staff of the Presidential Palace, Andre Yemark, is a comedy producer;
2. The head of the Presidential Administration, Andre Bodin, is a lawyer in the entertainment industry;
3. The president’s chief policy adviser, Sergey Sheffey, is a comedy writer;
4. Ivan Bakanov, deputy chairman of the Ukrainian Supreme Intelligence Service, is the boss of a comedy film company;
5. Senior adviser to the Ukrainian National Defense Committee, Sergei Sivoko, is also a comedian and is Zelensky’s partner in acting.
If you just look at their resume, you can’t tell whether it is a film and television company or a country’s decision-making body.
Why has Ukraine completely ignored the geopolitical relations of major powers over the years? It seems that homeland security and national development have nothing to do with these politicians-because it really doesn’t matter, they are basically not Ukrainians.
Because Ukraine recognizes dual nationality, 80% of senior government officials are American, and 90% of the wealth and people of the rich are in London or Switzerland.
During the 2008 Olympics, the pro-American Georgian President Saakashvili, who was ordered to attack by Putin, was defeated and overthrown and transformed himself into the governor of Odessa Oblast, Ukraine.
The female health minister of Ukraine is the most typical example. She was born in the United States. Before 2013, she was an American general doctor. She went to Ukraine in 2013, naturalized in Ukraine in 2015, and was promoted to Deputy Minister of Health in 2016. In 2019, Zelensky defied all opposition and was appointed health minister.
The three ministers appointed by Ukraine’s parliament in November 2014 are all foreigners:
The Secretary of the Treasury is American;
The Minister of Health is Georgian;
The Minister of Economy is Lithuanian;
The former president of Georgia was the governor of Odessa;
The last president, Petro Poroshenko, was said to be a CIA informant.
As for the grassroots troops, many frontline commanders are American and have joined Ukraine in recent years.
In terms of quantitative statistics, the indicators are like this:
80% of senior officials hold U.S. citizenship (dual citizenship is legal).
90% of the wealth of the rich are in Europe and the United States.
Zelensky is neither Russian nor Polish, but Jewish, and he also has a mansion and huge assets in the United States.
Is there any hope for ordinary people in such a country?
When the war comes, will anyone think about this land from the point of view of the country and nation?
So what is the ultimate goal of so many people with American and Western European nationalities infiltrating Ukraine?
The Ukrainian government is a high-sounding government in the name of the Ukrainian state and the Ukrainian people. In fact, it is nothing more than a shadowy cabinet. Living in such a country is helpless and tragic, and it is really hard for more than 40 million Ukrainian people!
Strange!
it all makes sense if you watch this https://twitter.com/LezLuthor/status/1500175827161554946
This is a drama .. fake reality tv
Banana republic eh?
They took the Smith Mundt modernization act global, causing many to believe we live in a “simulation”. We don’t.
There seems to be an error in this report. It says “former” comedian and actor.
the uk govt is always gearing up to something really really stupid
thats the way things are I’m afraid
Who knows if some British will wonder if it is the case to support the Nazi side