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Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically dealing with a no-win situation. No matter what the outcome, the world economy will be worse off after the fighting stops.
The problem the world economy is up against is the depletion of many kinds of resources simultaneously. This depletion is made worse by rising population, meaning that the resources available need to provide an adequate living for an increasing number of world inhabitants. Because of depletion, the world economy is reaching a point where it can no longer grow in the way it has in the past. Inflation, food shortages and rolling blackouts are likely to become increasing problems in many parts of the world. Eventually, the population is likely to fall.
We are living in a world that is beginning to behave like the players scrambling for seats in a game of musical chairs. In each round of a musical chairs game, one chair is removed from the circle. The players in the game must walk around the outside of the circle. When the music stops, all the players scramble for the remaining chairs. Someone gets left out.
In this post, I will try to explain some of the issues.
[1] In a world with inadequate resources relative to population, conflicts are likely to become increasingly common.
The Russia-Ukraine conflict is one example of a resource-associated conflict. The allies underlying the NATO organization have chosen to escalate the Russia-Ukraine conflict, in part, because the existence of the conflict helps to hide resource shortages and accompanying high prices that are already taking place. No matter how the war is stopped, the underlying resource shortage issue will continue to exist. Therefore, the conflict cannot end well.
If sanctions lead to less trade with Russia (or even worse, less trade with Russia and China), the world economy will have an even greater problem with inadequate resources after the war is over. In fact, many parts of the current economic system are in danger of failing, primarily because depletion is leading to too little energy and other resources per capita. For example, the US dollar may lose its reserve currency status, the world debt bubble may pop, and globalization may take a major step backward.
[2] There is a huge resource depletion issue that authorities in many countries have known about for a very long time. The issue is so frightening that authorities have chosen not to explain it to the general population.
Mainstream media (MSM) practically never mentions that there is a major issue with resource depletion. Instead, MSM tells a narrative about “transitioning to a lower carbon economy,” without mentioning that this transition is out of necessity: The world is up against extraction limits for many kinds of resources. Besides oil, coal and natural gas, resources with limits include many other minerals, such as copper, lithium, and nickel. Other resources, including fresh water and minerals used for fertilizer are also only available in limited supply. MSM fails to tell us that there is no evidence that a transition to a low carbon economy can actually be made.
[3] The big depletion issue is affordability of end products made with high priced resources. The cost of extraction rises, but the ability of the world’s citizens to pay for end products made using these high-cost resources doesn’t rise. Commodity prices do not rise enough to cover the rising cost of extraction. When this affordability limit is hit, it is the resource extracting countries, such as Russia, that find themselves in a terrible situation with respect to the financial well-being of their populations.
The big issue that hits because of depletion is a price conflict. Businesses extracting resources need high prices so that they can reinvest in new mines, in ever more costly locations, but consumers cannot afford these high prices.
In a sense, the higher cost is because of “inefficiency.” As a result of depletion, it takes more hours of labor, more machine time, and a greater use of energy products to extract the same quantity of a given resource that was previously extracted elsewhere. Growing efficiency tends to help wages, but growing inefficiency tends to work the opposite way: Wages don’t rise, certainly not as rapidly as prices of end products.
As a result, commodity exporters, such as Russia, are caught in a bind: They cannot raise prices enough to make new investments profitable. The problem is that the world’s consumers cannot afford the resulting high prices of essentials such as food, electricity and transportation. Russia reports very high reserve amounts, especially for natural gas and coal. It is doubtful, however, that these reserves can actually be extracted. Over the long term, selling prices cannot be maintained at a sufficiently high level to cover the huge cost of extracting, transporting and refining these resources.
The success of a country’s economy can, in some sense, be measured by the country’s per capita GDP. Russia’s GDP per capita has tended to lag far behind that of the US (Figure 2).
Russia’s inflation-adjusted GDP per capita fell after the collapse of the central government of the Soviet Union in 1991. It was able to grow again, once oil prices began to rise in the early 2000s. Since 2013, Russia’s GDP per capita growth has again fallen behind that of the US, as increases in oil and other commodity prices again lagged the rising cost of production. Given these difficulties with depletion, Russia is becoming increasingly unwilling to ignore poor treatment it receives from Ukraine.
There may be another factor, as well, leading especially to the escalation of the conflict. The US seems to covet Russia’s resources. Some powers behind the throne seem to believe that Western forces supporting Ukraine can quickly win in this conflict. If such an early win occurs, the aim is for Western forces to step in and inexpensively ramp up Russian resource extraction, allowing the world a new source of cheap-to-produce fossil fuels and other minerals.
In this context, Russia launched an attack on Ukraine on February 24, 2022. Ukraine has presented Russia with problems for many years. One issue has been transit fees for natural gas passing through the country; is Ukraine taking too much gas out? Another problem area has been the rise of the far-right Azov regiment. Russia has also expressed concern that NATO has been training soldiers within Ukraine, even though Ukraine is not a member of NATO. Russia doesn’t want military, trained by NATO, at its doorstep.
[4] World economic growth very much depends on growing energy consumption.
There are two ways of measuring world GDP. The standard one is with the production of each country measured in inflation-adjusted US$, with the changing relative value to the US$ considered. The other approach uses “Purchasing Power Parity” GDP. The latter is supposedly not affected by the changing level of the dollar, relative to other currencies. Inflation-Adjusted Purchasing Power Parity GDP is only available for 1990 and subsequent years. Figure 3 shows the high correlation between energy consumption and PPP GDP during the period from 1990 through 2020.
The reason for a strong association between GDP growth with energy consumption growth is a physics-based reason. Producing goods and providing services requires the “dissipation” of energy products because the laws of physics tell us that energy is required to move any object from one place to another, or to heat any object. In the latter case, it is the individual molecules within a substance that move faster and faster as they get hotter. The economy is a “dissipative structure” in physics terms because of the need for energy dissipation to provide the work needed to make the system operate.
Human beings are also dissipative structures. The energy that humans get comes from the dissipation of the energy found in foods of every kind. Food energy is commonly measured in Calories (technically, kilocalories).
[5] World economic growth also seems to depend on factors besides energy consumption.
The fitted equation on Figure 3 (the equation beginning with “y”) implies that GDP is rising much more rapidly than energy consumption, almost twice as rapidly. Over the entire 30-year period, the actual growth rate in energy consumption averages about 1.8% a year. If energy consumption growth had really been 1.8% per year, the fitted equation implies that growth in GDP would have greatly sped up over the period. (In fact, the growth rate in energy consumption was falling over the 30-year period, but GDP grew at closer to a constant rate. In terms of the fitted equation, these two conditions are equivalent.)
How can GDP rise so much more rapidly than energy dissipation? There seem to be several ways such a higher rate of increase can occur, on a temporary basis:
[a] A worldwide trend toward an economy using more services. The production of services tends to require less energy consumption than the production of essential goods, such as food, water, housing and local transportation. As the world economy gets wealthier, it can afford to add more services, such as education, healthcare, and childcare.
[b] A worldwide trend toward more wage and wealth disparity. Such a trend tends to happen with more specialization and more globalization. Strangely enough, a trend to more wage disparity allows the world economy to continue to grow without adding a proportionately greater amount of energy consumption use because of the different spending patterns between low-paid workers and high-paid workers.
Analyzing the situation, the world is filled mostly with low-paid workers. To the extent that the pay of these low-paid workers can be squeezed down, it can prevent these workers from buying goods that tend to use relatively high amounts of energy products, such as automobiles, motorcycles and modern homes. At the same time, growing wage disparity allows the higher-paid workers to be paid more. These higher-paid workers tend to spend a disproportionate share of their income on services, such as education and healthcare, which tend to consume less energy.
Thus, greater wage disparity tends to shift spending away from goods and toward services. The main beneficiaries are the top 1% of workers (who buy mostly services, requiring little energy consumption), rather than the remaining 99% (who would really like goods such as a car and their own home, which require much more energy consumption).
[c] Improvements in technology. Improvements in technology are helpful in raising GDP because technological improvements tend to make finished goods and services more affordable. With greater affordability, more people can afford goods and services. This effect is favorable for allowing the economy, as measured by GDP, to grow more quickly than energy consumption.
There is a catch associated with using improved technology to make goods and services more affordable. Improved technology tends to increase wage disparity because it nearly always leads to owners and a few highly educated workers being paid more, while workers doing the more routine parts of processes are paid less. Thus, it tends to lead to the problem discussed above: [b] A trend toward wage and wealth disparity.
Also, with improved technology, available resources tend to be depleted more quickly than without improved technology. This happens because finished goods are less expensive, so more people can afford them. Once resources start getting exhausted, improved technology can’t fix the situation because resource extraction costs are likely to rise more rapidly than can be offset with the impact of new technology.
[d] A worldwide trend toward more debt at ever-lower interest rates.
We all know that the monthly payment required to purchase a car or home is lower if the interest rate on the debt used to finance the purchase is lower. Thus, falling interest rates can make paychecks go further. Both businesses and citizens can afford to purchase more goods and services using credit, so the overall level of debt tends to rise with falling interest rates.
If we are only considering the period from 1990 to the present, the trend is clearly toward lower interest rates. These lower interest rates are part of what is making the GDP growth higher than what would be expected if interest rates and debt levels remained constant.
[6] The world economy now seems to be reaching limits with respect to many of the variables allowing world economic growth to continue as it has in the past, as discussed in Sections [4] and [5], above.
Figure 6 shows that there have been two major step-downs in world inflation-adjusted per capita PPP GDP. The first one occurred in the 2008-2009 period; the second one occurred in 2020. Figure 7 shows the sharp dips in energy consumption occurring in the same time periods.
In 2021, energy prices started to rise rapidly when the world economy tried to reopen. This rapid rise in prices strongly suggests that energy extraction limits are being reached.
Another clue that energy production limits are being reached comes from the fact that the group of oil exporters, OPEC+, found that they couldn’t actually ramp up their oil production as quickly as they promised. Once oil production is cut back because of inadequate prices, it is hard to get production to rise again, even if prices temporarily rise because the many pieces of the chain supporting this extraction are broken. For example, trained workers leave and find jobs elsewhere, and contractors go out of business because of inadequate profits.
If we think about it, Items [5a], [5b], [5c] and [5d] are all reaching limits as well. Item [5d] is probably clearest: Interest rates can no longer be lowered. In fact, nearly everyone says that interest rates should now be raised because of the high inflation rates. If interest rates are raised, commodity prices, including prices for fossil fuels, will fall.
With lower fossil fuel prices, there will be pressure for oil, gas and coal producers to reduce their production, even from today’s lower levels. Because of the tight connection between energy and GDP, lower energy production will tend to push economies further toward contraction. Of course, this will make resource exporters, such as Russia, worse off.
As the world economy enters recession, we can expect that Item [5a], the shift from goods toward services, to turn around. People with barely enough money for necessities will reduce their use of services such as haircuts and music lessons. Item [5b], globalization and related wage disparity, is already under pressure. Countries are finding that with broken supply chains, more local production is needed. In the US, recent wage gains have tended to go to the lowest-paid workers. Item [5c], technology growth, cannot ramp up as resources needed from around the world are increasingly unavailable, due to broken supply chains and depletion.
[7] We are likely facing a collapsing world economy because of the limits being reached. Adding sanctions against Russia will further push the world economy in the direction of collapse.
Many sources report that Russian exports of wheat, aluminum, nickel, and fertilizers will be “temporarily” disrupted. A few sources note that Russia plays an important role in the processing of uranium fuel used in nuclear power plants. According to the Conversation:
Most of the 32 countries that use nuclear power rely on Russia for some part of their nuclear fuel supply chain.
We have become used to efficient air travel, but sanctions against Russia make this less possible, especially for flights to Southeast Asia. A Bloomberg article called Siberian Detour Requires Airlines to Retrace Cold War Era Routes gives the example of direct flights from Finland to Southeast Asia being canceled because they have become too expensive and are too time-consuming with the required detours. It becomes necessary to fly indirect connecting routes if a person wants to travel. Many other routes have similar problems.
US President Joseph Biden is warning that food shortages are likely in many parts of the world as a result of the sanctions placed against Russia.
According to a video shown on Zerohedge,
“It’s going to be real. The price of the sanctions is not just imposed upon Russia. It’s imposed upon an awful lot of countries as well, including European countries and our country as well.”
If the world economy were doing well, and if Russia were a tiny part of the world economy, perhaps the sanctions could be tolerated by the world economy. As it is, the Russia-Ukraine conflict acts to hide the underlying resource shortage problem. This is possible because, with the conflict, the resource shortages can be described as “temporary” and “necessary” in the context of the terrible things the Russians are doing. The way the West frames the problem provides a scapegoat to deflect anger toward, but it doesn’t fix the problem.
Russia started out being very disadvantaged because commodity prices, in recent years, have not been rising high enough to ensure an adequate living for Russian citizens and high enough tax revenue for the Russian government. Adding sanctions against Russia will simply make Russia’s problems worse.
[8] There is little reason to believe that Russia will “give up” in response to sanctions imposed by the United States and other countries.
The attacks by Russia of Ukrainian sites seems to be occurring for many related reasons. Russia can no longer tolerate being inadequately compensated for the resources it is extracting and selling to Ukraine and the rest of the world. It is tired of being “pushed around” by the rich economies, especially the United States, as NATO adds more countries. It is also tired of NATO training Ukrainian soldiers. Russia seems to have no plan to gain the entire territory of Ukraine; it is more of a temporary police action.
Russia’s underlying problem is that it can no longer produce commodities that the world wants as inexpensively as the world demands. Building all the infrastructure needed to extract and ship more fossil fuel resources would take more capital spending than Russia can afford. The selling price will never rise high enough to justify these investments, including the cost of the Nord Stream 2 pipeline. Russia has nothing to lose at this point. The current situation is not working; going back to it is no incentive for stopping the current conflict.
Russia is in some ways like a heavily armed, suicidal old man, who can no longer earn an adequate living. The economic system of Russia is no longer working as it should. Russia is incredibly well-armed. The situation reminds a person of the story of Samson, in his old age, taking down the temple of the Philistines and losing his own life at the same time. Russia has no reason to back down in response to sanctions.
[9] Leaders of the world, including Joe Biden, appear to be oblivious to the situation we are facing.
Leaders of the world have created ridiculous narratives that overlook the critical role commodities play. They seem to believe that it is possible to cut off purchases from Russia with, at most, temporary harm to the rest of the world economy.
The history of the world shows that the populations of many civilizations have outgrown their resource bases and have collapsed. Physics points out that this outcome is almost inevitable because of the way the Universe is constructed. Everything is constantly evolving, even economies. The climate is constantly evolving, as are the species inhabiting the Earth.
Elected leaders need a story of everlasting growth that they can tell their citizens. They cannot even consider the physics-based way the world economy operates, and the resulting expected pattern of overshoot and collapse. Modelers of what are intended to be long-lasting structures cannot accept this outcome either.
Limits which are defined based on affordability of end products are incredibly difficult to model, so creative narratives have been developed suggesting that humans can move away from fossil fuels if they so desire. No one stops to think that economies cannot continue to exist using a much lower quantity of energy, any more than an adult human can get along on 500 calories a day. Both are dissipative structures; the ongoing energy requirement is built in. Factories close when electricity, diesel and other energy products are cut off.
[10] The sanctions and the Russia-Ukraine conflict cannot end well.
The world economy is already on the edge of collapse because of the resource limits it is hitting. Intentionally stopping Russia’s output of resources like fertilizer and processed uranium is certain to make the situation worse, not better. Once Russia’s output is stopped, it is likely to be impossible to restart Russia’s production at the same level. Trained workers who lose their jobs will likely find jobs elsewhere, for one thing. The shortfall in output will affect countries around the world.
The United States dollar is now the world’s reserve currency. The sanctions being applied indirectly encourage countries to use other currencies to work around the sanctions. There seems to be a substantial chance that the US economy will lose its role as the center of international trade. If such a change takes place, the US will no longer be able to import far more than it exports, year after year.
A major issue is the huge amount of debt most countries of the world have. With a rapidly slowing world economy, repaying debt with interest will become impossible. Debt defaults will further wreak havoc with the world economic system.
We don’t know the exact timing of how this will play out, but the situation does not look good.
Lest we forget!
https://michaelpsenger.substack.com/p/no-true-scotsman-lockdown-as-social?token=eyJ1c2VyX2lkIjo1OTA5ODEwNSwicG9zdF9pZCI6NTIxMjIyMDIsIl8iOiJsdTN0YyIsImlhdCI6MTY0OTk4MTE2MywiZXhwIjoxNjQ5OTg0NzYzLCJpc3MiOiJwdWItODM0MzQ5Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.45GOekomRf-GlmgVHCNp6naGbV6d5RUjnUq0jNZWwnQ&s=r
No True Scotsman: Lockdown as social and political phenomenon
101 commentators who urged harder Covid lockdowns
Michael P Senger
In Shanghai, China, millions of residents have been locked in their homes for weeks. Those who test positive for Covid are taken to detention camps and their pets are killed. Many face starvation, and there have been countless suicides. Despite all this—as is the case in every country that implemented them—these inhuman policies have failed to stop the virus.
This gruesome spectacle has been taken in with horror by international onlookers. Many who once supported lockdowns have gone silent. Indeed, these scenes are the logical conclusion of the Zero Covid cause, and serve as a grim reminder of the dystopia that could have been our own had they gotten their way.
Who gave life to this deadly ideology which culminated in such catastrophe? Below is a sample of 101 individuals and institutions with significant, public-facing credentials who advocated for “real” lockdowns—harder, longer, or earlier than those imposed across the world in March 2020—to control Covid.
As many have noted, journalists and health professionals are overrepresented in this group. Most lean to the political left. Even more telling is that, of all 101 individuals, not a single one appears to have been financially affected by the lockdowns they were advocating.
SHANGHAI DESCENDS INTO CHAOS
https://www.bitchute.com/video/bQ1gZduCoOIG/
Doesn’t look good, but it is hard to tell how widespread the problem is. Is it just one little part of Shanghai that has this problem?
Notice the guy in the suit with the automatic weapon… what’s up with that?
FEAR FEAR FEAR
Anything is possible
https://youtu.be/yaR1YBR5g6U
https://peakprosperity.com/40-surge-adult-deaths/
“40% Surge in Working Age Adult Deaths” by Chris Martenson
Everywhere we look, the data combined with what’s happening on the ground appear to be clear: disastrous outcomes are happening. Right now. All around us.
A large insurance company CEO is on the record stating that deaths among working-age adults (below 65) are 40% above expected values. That is not just “unlikely” but shouldn’t happen ever outside of a major war.
And it’s not covid-related because we are supposedly tracking those. So, besides it being a massive surge, what exactly is the cause? It’s not all because of suicides, though we know those are up, tragically. It’s not cancer. It’s not war, yet. It’s not fentanyl overdoses.
What could it be? I think we all know, but can’t say without being censored. Yet. But soon we will witness this terrible concept as it moves out of “private knowledge” into “common knowledge.” Recent events in Australia suggest this moment is nearly upon us.
How can this be ignored or, worse, explained away? Currently, the media spends more time gaslighting us than educating us, but that will change with your help and attention.
Moving day for my Pfizer damaged mate was swapped to today so just completed that … he’s finally qualified for ACC (work insurance) but he was telling me that the cardiologist is still unsure what is wrong with him…
By now pericarditis should show significant signs of improvement – no happening — and she is seeing this with loads of vax damaged patients — classic symptoms of the damage but not improving
Not a big deal given we are all soon going to be dead
The thing that confuses me is the fact that this rise in mortality seems to be a United States phenomenon, not seen elsewhere, at least in the same time periods. This is a chart I made from Our World in Data:
https://ourfiniteworld.com/wp-content/uploads/2022/04/OurWorldInData-excess-mortatility-by-age-April-15-2022-1024×650.png
You can pick different countries to compare at this web link.
https://ourworldindata.org/excess-mortality-covid#excess-mortality-using-raw-death-counts
We also know, from the recent preliminary study saying that mortality rates were worse in the US that the higher death rates have been mostly a white American problem. These are the people who are likely to be disproportionately insured by the life insurance industry. Hourly workers don’t normally get employer-provided life insurance. Hourly workers tend to be disproportionately black and hispanic.
When it comes to who is vaccinated, information indirectly from the CDC says: https://www.kff.org/coronavirus-covid-19/issue-brief/latest-data-on-covid-19-vaccinations-by-race-ethnicity/
“Across the 38 states for which a total vaccination rate could be calculated by race/ethnicity as of April 4, 2022, 85% of Asian, 65% of Hispanic, and 63% of White people had received at least one COVID-19 vaccine dose, higher than the rate for Black people (57%).”
So, I don’t understand what is happening. Is it some strange interaction with the US healthcare system? Unless the vaccines are significantly different than those used in the UK and Germany, I don’t think that there is enough evidence to blame the vaccines. A person would like to know what these excess deaths are from. They don’t seem to be from COVID, for most people.
Gail, I believe the “extra” peaks seen for the US can possibly be ascribed to geographically spanning sub-tropical to temperate zones. This was recognized by immunologists back in the day of hand plotted data points when curve fitting was by eye and intellectual understanding. Florida did not see first covid peak until late summer/early fall 2020 – this is typical for sub-tropical even before air conditioning (which makes for more summertime respiratory problems – increased indoor/close contact exposure & possible ideal humidity conditions for spread)
I looked at a number of countries on the 2nd link – Excess mortality P-scores graph.
AU & NZ – no unusual excess death – seemingly expected random variation around expected…presumably due to lockdown and fortress island isolations
Sweden – first two expected Covid peaks but no 21/22 winter peak – seems they have returned to normal or only slightly elevated low volatility excess deaths
Israel – not seeing seasonality (worse than US) – no good speculation other than indoor air? or so many boosters that have waves of immune suppression (2 week after jab; x weeks after worn off) that interact with covid and other infectious disease waves?
US was one of few countries that didnt see negative excess deaths after a significant peak (people die during covid wave that would have died anyway a few months later – see this in UK after first peak extreme care home deaths then excess deaths go to -20%)- does seem to speak to somethig going on in US that is also elevating excess deaths.
Your healthcare speculation seems possible to me – anecdotes of conformance to NIH/FDA/CDC protocols (remdesivir & intubation only) in hospitals and generally poor care that precluded typical multi-pronged (breathing treats – sterioids – off-label alternative therapeutics) seems plausible cause for increase deaths. Perhaps US just that much less healthy than rest of world and seeing enhanced levels of long-covid and vax immune suppression after effects. Personal friend with intimate knowledge of healthcare claims for insurer w/ >>5M policies indicated ~10-20% reduced volume/$ claims during Covid lockdown followed by ~+20% above normal/expected pre-Covid volume/$ claims starting april/may 2021 through present.
or perhaps conspiracy theory that big pharma varied dose and targeted areas may be true – those with healtcare more likely to get vax than the uninsured. If you cut the US population in half then US reserves of Coal & Oil would be somewhat on par with Russia on a per capita basis (still some way to go on gas, but we dont have Russian heating needs do less need for gas reserves) – then just need to additional cut our per capita consumption and decomplexify even greater amount to get to their level..lol 😉
Thanks for your insights. The incredibly bad treatment advice from NIH/FDA/CDC protocols no doubt caused higher COVID deaths than necessary. The changes put in place early on definitely led to people postponing non-essential visits, so I would not be surprised at a big drop in healthcare claims. Now there is somewhat of a rebound effect, but a person would like to think that these later visits are not more associated with death. Maybe someone will come up with more analysis of what is going wrong.
I am afraid I don’t have much faith in the “reserve” amounts being recoverable, whatever is published. It is necessary to keep the whole system going. When the system fails, fossil fuel reserves will stay in the ground.
British mercenary Aiden Aslin has been captured in Mariupol, and he is trying to get his story straight for the Russian media.
He previously fought with YPG Kurds in Syria, before he joined up with the Azov forces. He looks worse for wear this time.
He is said to be subject to the death penalty as a foreign mercenary, which is likely why he denies fighting in the Ukraine. Presumably there will be plenty of witnesses among the captured.
Mercenaries should be executed out of hand, mere scum who prey on and foment misery.
Mercenaries are something sadly in our heritage.
Incredibly there is a big statue in Venice of ‘Bartolomeo Colleoni’, a mercenary, actually defined ‘capitano di ventura’, which can be translated with ‘soldier of fortune’, who gave his service to various Princes and Kings during the Renaissance.
As you can see in the explanation of his life, his army is called ‘mercenary’.
‘Forza armata: mercenari’
Paradoxically the statue is wonderful.
Art can paint bad things in beautiful ones.
Coming back to him, we can say that we are back to that period.
Actually, I think that we are making the opposite path or the way back path.
After Renaissance, we will go towards Middle Age.
https://it.wikipedia.org/wiki/Bartolomeo_Colleoni
https://www.analisidellopera.it/monumento-equestre-a-bartolomeo-colleoni/
Something off about him … was a touched? ON the spectrum perhaps?
https://it.wikipedia.org/wiki/Bartolomeo_Colleoni#/media/File:Bartolomeo_Colleoni_head.jpg
Corporate-paid armies of mercenaries, perhaps, as states fail. Police replaced by security companies….
I’d first torture him .. then hack his head off and display on a spike … as a warning to other MOREONS
A big market crash like that of 2008 is not the only possibility, however. Significant, regular flows into stocks by way of target date and other passive funds provide a formidable bid for stocks regardless of price or fundamentals. These flows provide a meaningful obstacle to a big selloff. That doesn’t mean one can’t happen, but it would take a huge mass of discretionary outflows to overwhelm the automatic inflows to passive funds.
Another reason why stocks might not crash is because the Fed might step in to prevent it. Just as the Fed has done many times in the past, it may quickly revert to turning the QE faucets back on at the first sign of “breakage”. There is no stipulation, however, that the Fed react as quickly as it has in the past or as forcefully.
https://www.zerohedge.com/markets/are-we-living-dream-world
Yes there is. PPT has been doing it for many years now — cuz to not do it would invite guaranteed End of Days.
Something will indeed break if the CEP does not complete — I don’t think it will be the stock market — that will almost certainly be at a record high … during the global riots and beginning of Holodomor.
Yes I think that you are correct…. The stocks will keep going up… what will be the catalyst then. Do we have 3 years? Many people here believe that the there are core countries and peripheral countries… I don’t think so… when the damn breaks it will go all in
It is hard to know how this all will work out. Lots of parts of the system could break. The Zerohedge article says:
Another part of the system that could fracture is the derivatives portion, especially if there are rapid changes.
I reckon it will be a massive controlled demolition and the fuse will be lit with devil covid.
Edward Alden’s thesis, which he expressed at Foreign Policy, amounts to “a great risk recalculation”. His report quotes Barry Lynn, executive director of the Open Markets Institute, who described, “corporations have built the most efficient system of production the world has ever seen, perfectly calibrated to a world in which nothing bad ever happens.”
In short, bad things are starting to happen and corporations need to recalibrate. Alden concludes, “A sober calculation of risks and rewards is just what is needed now.” We are in an environment with greater uncertainty and therefore we need to plan accordingly.
https://www.zerohedge.com/markets/are-we-living-dream-world
Plan Accordingly… CEP….
On a positive note:
“The discovery of lattice fusion that is driven by neutrons, could usher in a revolution in nuclear energy production.” Yes, fission to cheap to meter, yup, good old fission.
https://spectrum.ieee.org/lattice-confinement-fusion
If this stuff works, energy problem is done, peace and prosperity for all. All we need to do is move manufacturing to the moon and get all the pollutants off space ship earth. Perfection, one step at a time, or progress. JMG would be very disappointed, he has a thesis on the end of progress, but then he is a very interesting historian and not a physicist.
Sorry for the enthusiasm, the pessimists are almost always wrong, life finds a way.
Dennis L.
Now don’t rush to your bookie and bet your farm on this, Dennis.
What do we have to loose at this point?! Im all in! Guess I should read the article first.
This is an excellent article, and explains nicely why fusion is so problematic.
In terms of the lattice approach:
“It is theoretically possible, although we haven’t observed it, that the electron screening might allow the proton to be captured, transforming erbium into thulium or titanium into vanadium. Both kinds of stripping reactions would produce useful energy.”
My first thought here was, uh oh, what are they going to turn into Gold? Well, that would be Platinum, so think we are safe.
I will admit that in my misspent youth I looked for ways to make gold in a nuclear reactor. I was sorely disappointed. Likewise, the numbers are unfavorable for this proton capture method. I note also that palladium into silver is an even worse money loser than platinum into gold. In the end, the most precious element produced in nuclear reactions is helium itself. It was the first resource to start running out, a decade or so ago.
Of course, this was the real reason for the lock-downs. They needed a way to stop party balloons from being inflated, without telling us the actual reason why.
Had we known the truth, the cover would have been entirely blown, and we would certainly have gone straight down the path of mayhem.
Close call really. Think it might have worked.
specifically, helium-3.
I think I saw a banner for that on Zero Hedge…
Only for the top 1%, after the rest have been culled.
Dennis – for your penance … you need to flagellate with a spiked belt and wear a hair shirt.
Dennis, oh no, a member of the LENR cult.
https://www.esd.whs.mil/Portals/54/Documents/FOID/Reading%20Room/Science_and_Technology/16-F-1333_%20DOC_02_LENR_Briefing.pdf
Like a bad penny it just will not go away.
Jacques Attali, the man who knows everything before it happens, posted this article today. It seems that the OFWers are perfectly right about what is ahead:
https://www.attali.com/en/society/20222027/
“It was difficult, some would say impossible, in 2017 to predict what might happen in the next five years. And yet, many people at that time had predicted and described the possibility of a major pandemic, a war in Ukraine, an attempted coup in the United States and a major revolt in France.
So, if we want to better understand the framework in which the next elections will take place, especially in France, we must venture to predict some of the events of the next five years; not only the next Olympic Games, or other world cups, but also the risks, more or less certain, that the next leaders will inevitably face. And whether they are prepared to manage them and, better still, to anticipate them.
Among these risks, here are seven, in no chronological order of appearance, nor hierarchy of seriousness, but rather in decreasing order of probability:
1. A climate crisis: this is not a risk, it is a certainty: we know that in three years’ time we will have reached a point of no return in our ability to control the planet’s temperature. It is therefore vital for the world’s leaders, in the next five years, to take major, binding initiatives separately and together so that our planet will still be habitable in thirty years’ time.
2. World famine: here again, it is not a probability, but a certain catastrophe, which has begun, largely aggravated by the war in Ukraine, which deprives the planet of a very important part of its food, and of its fertilisers, for at least two years, whatever the fate of the weapons. The result will be a famine that will lead to the death of millions of people, if not more; and enormous population movements, which no populist barrier will be able to hold back, if we do not take the lead in helping these populations to have the autonomous means to feed themselves.
3. A shortage of strategic raw materials: we know for sure that certain raw materials are becoming increasingly rare, that we are consuming more and more of them, and that they are vital for the industries of the future, for example for the batteries on which we are basing a large part of our hopes for controlling climate change. And yet, these batteries depend on materials that are only available in quantity in one or two countries with such easily predictable behaviour as China and the Democratic Republic of Congo. With no alternative available at the moment: What if a large part of the production lines for batteries, or computers, or solar panels, or wind turbines, or vehicles of any kind, are interrupted globally for months on end because of a blockage of this kind?
4. A war with Russia: the current dreadful war is probably just beginning. It could settle down, last, pushing the democracies in support of the Ukrainians to be more and more involved, and not only by interposed deliveries of arms, in the fight against the barbarity that tortures, rapes, kills and denies them.
5. A new pandemic: no expert excludes (and some even consider it probable) that a new variant, of this or another virus, will one day massively attack the human race again. Or even worse, much worse. Will we be prepared to make the best use of science to guard against it? Will we be able to unite and preserve democracy in this battle?
6. A global financial crisis: For the past fifteen years, we have never solved crises, whatever their nature: we have been pushing them back, rolling a ball of debt bigger and bigger in front of us. This brings back inflation, which will be further aggravated by the preceding events; and the debts, both public and private, will have to bear ever higher interest rates, until the indebted nations, households and companies become insolvent. This will trigger other crises, this time social ones.
7. A crisis and revolt in the French hospital or education system, followed by a social crisis and a national financial crisis. It is easy to draw the outlines.
Other crises are possible, for example in the agricultural world or in the world of justice or culture and the media, and therefore of democracy. And many others.
It is therefore urgent to remember that history is tragic; that over the next five years many events will threaten the standard of living, the well-being and the public liberties of democracies; and that, in order to face them well, we will have to choose leaders who are aware of the importance of constant cooperation between all those who will be installed, for some time, in the cockpit of the plane of our destinies.”
I have got two bucks that say that in the next three years we will not reach any point of climatic no return. That’s it for 1. 2,3 and 6 are baked in the cake and have been for a long time. 7 will happen all over Europe. 5, if it is a “pandemic”, sure. we got “pandemics”. Otherwise hell no. 4 is where there is some uncertainty. do these unelected euro politicians really want a Khinzal slamming into their living room?
I agree with everything you said there, drb.
Attali is making an omelette there with ingredients that don’t belong in the same frying pan. As with a lot of French gourmet cooking, it will spoil the flavor of the dish.
I take this article as a very strong indication that the Eurocrats are going to keep pushing globbly wobbly and evil Putin as the major excuses for why their socioeconomic system is collapsing like a house of hards.
Looks like we can add Allul and his ample horseshit to the ranks of the national socialist vanguard, which adds a few more percentage points onto the truthiness of statist imperialism: a little more truth but still in service of the same old evil. Meet the new boss, here to do the co-opting of the truth a little bit better than the old boss.
ol reante’s in quite a mood today.
Well spotted nested synchronicities though Thierry regarding what Allul obliquely said about the glide path option along with Russell Brand’s knowing wink from yesterday. There’s more to this situation than meets the eye.
1. A c.lima.te crisis: this is not a risk, it is a certainty: we know that in three years’ time we will have reached a point of no return in our ability to control the planet’s temperature. It is therefore vital for the world’s leaders, in the next five years, to take major, binding initiatives separately and together so that our planet will still be habitable in thirty years’ time.
hahahahaha… is he the new Al Gore? How many metres did Al say the oceans would rise by now???
As for the rest — he’s hardly Nostradamus…
Have you followed Dane Wigington’s GeoEngineering report recently? I actually quite enjoy listening to it every week. I had a different impression of this guy five years ago than I do today. He has become an aggregator of many of the things we discuss here. Worth a listen.
climCON – covCON – solarCON – evCON…
CONnom Denominator same
You’re wrong Eddy. Just because they are weaponizing anthropogenic climate change doesn’t mean it’s not real. The denial is just political reactionaryism. The idea is to get beyond politics.
The issue is that there is nothing we can do to stop climate change. Also, with fossil fuels at their limit now, the forecasts for future climate change are absurdly high.
If it ain’t happened by now – it ain’t happening .. we are the final days of burning fossil fuels…
Next topic…
hahahaha sure it is … Al Gore said we’d be underwater about now — did you know he bought a mega mansion that is near the ocean? I guess he doesn’t believe what he was claiming huh.
And Leo another spokesman for this Con – just built a resort that is a few inches above sea level hahahahahaah
Con con con con…
In a practical sense, you’re right, Gail because human characteristic species behaviour will not allow any significant action on CC. But your constant insistence that it can’t possible get too bad (I think that is what you imply by some model runs showing the worst scenarios being too optimistic on fossil fuel extraction) is disingenuous. There are enough fossil energy resources accessible to make the situation very bad. Relying on predictions that it won’t reach the worst case scenarios is a poor strategy also. I agree with you on that but most of the world doesn’t and so those worst case projections are needed to show that what people seem to want will lead to an uninhabitable world, even if that situation doesn’t eventuate.
” There are enough fossil energy resources accessible to make the situation very bad.”
This is not true. Affordability is part of accessibility. It is the affordability part of the equation that has failed, already. We cannot fix this.
There there now mike — why don’t you go chain yourself to a petrol pump? If you truly believed in the climCON you would …. it’s life and death at stake!!!
Gail, we’re already at at least 1.2C of warming, with maybe 0.4C of warming masked by aerosols. Unless you think supplies are going to tank from now, there is plenty to provide close to at least the “well below 2C” target of Paris.
You’re right that affordability will likely restrict future supplies but unless that restriction means zero supplies from now, some island nations could be under water later this century.
No-one knows the future, Gail. We can have opinions on that, and some may even have a sound basis, but one thing is guaranteed: the future will not be what any particular person thinks it will. Prepare for the worst, hope for the best.
If the island nations are underwater, that is perfectly OK. In a finite world, everything has to continue to change. It is delusional to think that things can stay the same. It is people who are trying to pretend that we can build roads and buildings to last for 100 years who object to natural changes.
SMART NEWS
Scientists Stage Worldwide Climate Change Protests After IPCC Report
Over 1,000 scientists from 25 countries took part in the Scientist Rebellion’s demonstrations last week
Margaret Osborne
April 13, 2022
Protesters in Berlin wear white lab coats and hold a sign
Scientist Rebellion protesters in Berlin, Germany Scientist Rebellion
Over 1,000 scientists from 25 different countries staged protests last week following the release of the Intergovernmental Panel on Climate Change’s new report. The report warned that rapid and deep cuts to greenhouse gas emissions are necessary by 2025 to avoid catastrophic climate effects.
The group, called the Scientist Rebellion, writes in a letter that “current actions and plans are grossly inadequate, and even these obligations are not being met.” Their protests “highlight the urgency and injustice of the climate and ecological crisis,” per a statement from the organization.
Can’t have 8 billion without burning FF…
Reante and Mike,
You are both not even wrong re CC; you are talking Gibberish, as in “unintelligible or meaningless speech or writing; nonsense”.
Nothing we are likely to do or not do is going to make an impact on planet earth’s overall average surface temperature.
I am assuming here that we are not going to cut down every tree and paint the entire land surface white, or black.
Also, last time I checked, the Earth was literally getting greener. Apparently thanks partly to a rising concentration of our old friend Carbon Dioxide, the gas of life, and partly due to changing rainfall patterns! But who really knows? It may more complex than that.
This is real news, from the same people who faked the Moon Landings!
This greening is not making the earth warmer or cooler, just greener.
https://www.nasa.gov/feature/goddard/2016/carbon-dioxide-fertilization-greening-earth
As I am in a generous mood today, I have a friendly helpful suggestion. Why don’t you two up your game a bit and start speaking Bilge or Poppycock instead?
Now now Tim — mike norm have been triple injected (or is it 4)…. the cognitive decline is severe now…
This is roughly the state that both of them are in – so don’t expect a whole lot:
https://youtu.be/oOOghKacg40
Oh, and Herbie, this goes for you too.
You are so sensible and reasonable on most subjects, but you’ve really bought into this climofascism claptrap. You probably picked it up in you tree-hugging days and you have still yet to be weened off it. Do you need any help? What part of “governments, conmen and special interests lie all the time about everything” don’t you understand?
Ya’s think that after the Al Gore movie … when the predictions did not come at all true… people would question the entire narrative…. but nope
I recall being swindled and thinking the Arctic was going to melt – year after year we were told ‘this year’… and nothing happened…
I’d heard the background noise but when none of the predictions came true the background noise could no longer be ignored
Tim, whatever ….just amazed the diversity of perception among folks consciousness..
Yes, that goes for you🙈
Flooding kills hundreds in South Africa: ‘This disaster is part of climate change’
David Knowles
David Knowles·Senior Editor
Thu, April 14, 2022, 2:42 PM·3 min read
More than 300 people have been killed in flooding following days of extreme rainfall in eastern South Africa, with some areas receiving up to six months’ worth of rain in a single day.
Touring the devastated region on Wednesday, South African President Cyril Ramaphosa said the severity of the downpours was further evidence of the consequences of climate change.
“This disaster is part of climate change. It is telling us that climate change is serious, it is here,” said Ramaphosa, adding, “We no longer can postpone what we need to do, and the measures we need to take to deal with climate change.”
And Miami Herald
With thousands of miles of coastline facing two feet of sea level rise by 2060, some cities and counties, including Miami-Dade, are already calling for raising the standard heights of seawalls. And many of the seawalls to come in the decades ahead promise to be different — not only stronger and more durable, but better designed to both absorb waves and reduce damage to the adjacent sea or bay bottom.
One new approach in development by the University of Miami is even specifically designed to provide habitat for corals, mangroves and other marine life.
“We’ve got to stop doing things the way we have for the last few decades,” said Esber Andiroglu, an associate professor at the University of Miami focused on building the seawalls of the future. “This is a time for innovation,”
He’s among the university scientists and private companies designing new technology to improve seawall construction, which is likely to be a booming business in coming decades. By one estimate, it could cost $75 billion to raise and repair every existing wall in Florida by 2040.
See more over at Harry’s
“Climate change” makes a good excuse for everything! The article makes a case that this is a time for new fossil fuel spending, so as to counter climate change. Something doesn’t add up.
kklimate cchange is real… the kkkklimate has been changing since the beginning of time… (even when man did not exist)
FIFYA
@Gail:
“It is delusional to think that things can stay the same”
Well. why did it stay the same with FF burning for the last 50 years ?
I know you say we are not in charge.
So everything stays the same.
Whatever Gail, I understand very well what you say but me personally I do not accept that nuff could had been done boutit.
The outcome is the same though. Sigh.
You people still don’t get it!
Fascinating
Gail wrote:
Ah, I understand now. You don’t care what the outcomes of the heating are but, as a way of rationalising that, try to make a case that humans aren’t having much of an impact, counter to all of the appropriate science.
I think those island nations might beg to differ on your assessment of the situation. Of course the world is in flux all of the time but I think you miss the point of the speed of change being something that is incredibly difficult for countless species to cope with, including our species.
The sinking of the island nations will come long after the human inhabitants are gone because of the lack of food and fuel. It is not something we need to worry a whole lot about.
Hmmm… sea level is sea level — Leo’s island is not sinking… his concrete eco-resort looks ok — even though it’s less than a foot above sea level….
Why would he invest all that $$$$ in a place sure to be underwater in a few years????
Is this some kinda … insurance scam????
https://www.the-sun.com/wp-content/uploads/sites/6/2021/06/NINTCHDBPICT000659460239.jpg
https://www.the-sun.com/entertainment/3091472/leonardo-dicaprio-eco-friendly-resort-belize-behind-protests/
mike – did you know that using the internet contributes a lot to the burning of carbon … if you believes in Gerbils Werming … then you should stop posting on OFW and stay away from the internet altogether…
It’s not as if you are contributing anything useful or interesting…
“It is therefore urgent to remember that history is tragic… we will have to choose leaders…”
The usual misery-mongering, and the me-me-me masses. /s
1. There was an “attempted coup” in the US? When? Does he mean the last elections? But that was a *successful* coup.
2. “The result will be a famine that will lead to the death of millions of people, if not more; and enormous population movements, which no populist barrier will be able to hold back,”
What populist barrier could he possibly be referring to? If there were worldwide famine as a result of, say, supply chain breakdowns, what kinds of “enourmous population movements” could that portend?
Would people from Venezuela leave their farms to walk (there would be no petrol) to the USA where there are few small farms, they are not known, and where also there is no fertilizer?
If people from the fertile and less populous Congo where traditions of local household farming still persist for some reason wanted to go to cold and starving Europe, would the Soros NGOs have the fuel to ferry them across the Meditteranean?
This guy hasn’t really thought these things through.
Attali is a frontman of what we usually call TPTB. So yes he has thought these things through. The point is not reading litterally. What he is saying (to his usual readers who have no clue about what is happening) is a mix of lies, suggestions and self fulfilling prophecies. What I get from him is this: the next virus is ready to appear (hello Fast Eddy and Bossche), the famine is a reality right now and will become much worse, there will be shortages of everything (not enough to go around as Gail says), the war with Russia will last, and there will be a reset of the financial and monetary system justified by a new crisis. That is enough for me. The novelty is that these ideas are introduced for the first time in mainstream media (at least in France). What amuses me is that commenters here chose to debate mainly about point 1!
Climate change is the way that dominant classes has chosen to explain to people the problem of shortage of ‘easy to extract’ fossil fuels.
It belongs to the ‘Greta’s way’ to explain things.
Having said that, climate change exists, but it is something we cannot change in the short period (decades).
What Jacques says is partially true and it is the way that dominant classes want us to believe.
They are clever.
Besides, one must be clever to manipulate people.
At least, this is my opinion.
Happy Easter to all of you.
weve had elders—the elite—now dominant classes
help
i don’t know which lot to join
Hubris from Attali – of course, that’s his class, the international bureaucracy – they are not ‘in the cockpit’ of our destinies, not remotely so.
This not an aircraft that can be skillfully directed, a comparatively simple task compared to civilisational Collapse.
The so-called ‘pilots’ are just deluded mammals, who will perish like the rest of us – and I hope rather painfully, to be perfectly frank.
Xabier, I hope not. I wish they could disappear in a sigh and leave the Earth with no one to remember them.
Pork is now cheaper than chicken in the US NE. Strange. Is this because of bird flu?
> Prices for steak, bacon, chicken and other meats are soaring thanks to inflation caused by supply chain delays and a labor shortage. (Nov. 2021)
https://money.com/meat-prices-rising-bacon-inflation/
I don’t believe these numbers — The Cement Lady indicated to me that they will have raised their prices 15%+ when the next bump kicks in by July … that’s half the year and 15%… surely it has to be similar throughout industries.
I pay attention to buy food when it is on sale.
Things are always on sale.
I wonder why certain items are on sale.
Good bacon @ $5.99/lb—50% reduction.
Maybe these sale items are close to their sell-by dates.
I don’t horde.
Or is that hoard.
Same diff, actually.
I’m sticking with “What, me worry?” until forced to worry.
Here in NZ the way it works is they jack the prices of stuff up double… then they have an endless series of ‘sales’…
Even if you get half off the price is still well above what it really should this was not butt f789 nowhere…
But the NZers accept this as if it is normal and they rejoice when they get 25% off hahaha thinking what a great deal!
I recently ordered a bucket load of Vitamin D out of the US – with shipping it was still substantially cheaper than buying here in NZ … so the ‘shipping costs are driving prices up’ is rubbish.
I also bought skis last year out of the US — they arrived in 10 days … 1/3 cheaper than buying here even with the shipping costs!
Apologies for no reference. A century old price list had the contemporary commentary that chicken was always more expensive than beef. And by extension the ridiculous CAFO densities for chicken altered the biological reality of the labour to meat ratio.
So reversion to the labour mean will be shocking to everyone. Eating my own pastured chickens ultimately means I 1. pluck/gut the bird 2, carve the bird and 3. combine remnants into a soup pot and later remove bones. That’s three manual whole bird modalities.
UK will send illegal immigrates to Rwanda for processing. Does anyone know will they pay to feed and house the illegals in Rwanda? What is the weather in Rwanda? This could become popular.
“illegal immigrates”
It does not sound like they have found favour (gratus) or they would not be illegal. They make up a tiny number compared to the legal immigrants to Britain per year (about 600,000.)
The feeling is that Boris has rolled out this policy now to distract from Partygate, and to draw back in some discontented voters for the May elections.
A number of voters are disenchanted with the Tories, but they have no other party to vote for, so the Tories hope to string them along with meaningless gestures, to shape the media narrative, for votes.
‘Fool me once, fool me 100 times…’
The policy stunts are of little overall significance now.
* ‘Migration’ is from ‘migrare’ (to move) rather than ‘gratus’ (favour). They have different roots in PIE (change, favour).
In fact ‘pleasing’ is probably the deeper root of ‘favour’.
So, change/ pleasing.
Are they really going to spend money to fly them to Rwanda — or is that cover for bringing down the cost of ground beef. Tastes like…
Who would know? And most would at this point not care.
Paul Kagame, the ruler of Rwanda, will just send them to clear the jungles. Bad news for the gorillas.
Same practice Australia is doing to its illegals. It sends them to Nauru, which used be very rich because of its phosphates, but now very poor after the rocks ran out.
This makes no sense, aren’t rocks abiotic? How could they run out? Don’t rocks replenish themselves? We don’t want to hear about your peak rock conspiracy theories.
Nauru’s rocks were phosphate rocks. All the bird shit which accumulated over the years became phosphate rocks.
They were mined to death. THe Nauruans were quite rich for a couple decades.
https://www.youtube.com/watch?v=PE7k_hV-mv0
By 1990 the phosphate rocks were gone, and Nauru became a hellhole.
hahahahaha… harbinger …
But give those seabirds another few million years and they will make plenty of fresh phosphate rocks. Nauru’s gonna rise again!
http://www.investnauru.com
Make Nauru Shitty Again
It’s a long term opportunity
> What are the Tories trying to achieve by offshoring asylum seekers?
When Boris Johnson’s position was at its most precarious two months ago, he had to convince Conservative MPs sticking by his side was worth it.
A plan was devised – dubbed “Operation Red Meat” – to give those losing faith in his administration some belief that there was a higher purpose than just defending their leader through scandal after scandal.
The prime minister knew he needed to shore up support, prove himself a proper conservative and enact more of the policies that saw him clinch an 80-seat majority at the last election.
A major theme of the Tories’ campaign in 2019 was Brexit – and in the years since, Johnson has been mindful that the message about “taking back control of our borders” was particularly potent for some.
Senior advisers have been keen to ensure the voters who swung from Labour to the Conservatives – often via Ukip and the Brexit party – end up sticking with Johnson at the next election.
As such, it was with much fanfare that Johnson wanted to announce a tough new immigration policy designed at deterring migrants from making the perilous journey across the Channel from France via “irregular” routes.
…. While one Conservative MP, Andrew Mitchell, has expressed concern about the plan, many more in the party were celebrating that they could finally appear to be tackling irregular migration.
“We’ve been waiting ages for action like this,” a “red wall” Tory MP supportive of the policy admitted.
Government insiders said they had been hoping to announce it months ago, to try moving attention away from the original partygate scandal.
And Johnson was said to have pushed hard for it to be announced before the local elections, when many Conservatives worry they will be thumped over the fines and ongoing police probe into law-breaking parties in Downing Street.
…. Some Tory insiders fear this is just another sticking plaster solution – and that over-promising and under-delivering will be more damaging for the party in the longer term.
https://www.theguardian.com/uk-news/2022/apr/14/what-are-the-tories-trying-to-achieve-by-offshoring-asylum-seekers
Machete practice
The world is in a very dynamic state right now, and energy flows and power balances are in transitional states away from the West. Gail talked about that particularly in her previous article. The Ukraine conflict has its context in that.
(extracts)
> Here comes China: The world rotated one more time
The world rotated one more time since the last report on China. So, what do we know? China is rock-solid behind Russia in all of Russia’s objectives, and in some instances, up ahead.
It almost seems as if an agreement was, if not stated, then understood. Russia will do the shootin’ for now, and China will keep the economic boat afloat. We see consistent commenting such as China is a consistent stabilizing force in a changing world.
Overall NATO is feeling the pressure and ‘resetting’ and trying to clone itself as Aukus in the east while trying to strengthen itself in the west. We have Stoltenberg announcing: “What we see now is a new reality, a new normal for European security. Therefore, we have now asked our military commanders to provide options for what we call a reset, a more longer-term adaptation of NATO.” In this speech, he announced that plans are being worked up to transform NATO into a major force capable of taking on an invading army and states that NATO deepens partnerships in Asia in response to a rising “security challenge” from China.
Yet, in the east, the Quad is one less, given India’s refusal to follow the U.S. regarding Russia.
Japan has been asked to join Aukus as a Japan, US, Australia, UK alliance intending to project a strong regional balance of power against China, Russia (and maybe India then?) in Asia. This Aukus will then have synergy,, they say, with Japanese technologies in areas such as hypersonic weapons and electronic warfare. Somehow I don’t see Japan as a suitable switch out for India, but then again, we’re dealing with desperate last gyrations of a world hegemon here, trying to project that it still has many friends.
A quick look at India. These days, if you see a country being threatened, you know already that they have started decoupling from so-called western democracy and Blinken has just threatened India yet again. He says the US is “monitoring rise in rights abuses in India” So, suddenly the US cares about human rights abuses in India. This bellicose rhetoric is not effective and way beyond its sell-by date.
It is clear that Russia is decoupling from Europe, and this started before sanctions. But did you know that China is decoupling from Britain, Canada, and the US? This is a brand-new trend. China’s top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing that assets could become subject to Western sanctions. As it seeks to leave the West, CNOOC is looking to acquire new assets in Latin America and Africa, and also wants to prioritize the development of large, new prospects in Brazil, Guyana, and Uganda.
Apparently trying to deal with those three countries has become painful and CNOOC is seeking to sell “marginal and hard to manage” assets. Quoted are red tape and high operating costs in the western climes.
In the Asia region, we also saw the ease with which Imran Khan was relieved of his post as Prime Minister. I don’t believe this is the end of this story, because the citizens of Pakistan are truly unhappy.
So if you were thinking that while the Ukraine war is hot, the Pacific is cool, that would be a misjudgement.
…. Trade between Russia and China skyrocketed. Paul from the Sirius report states it as follows: “Western experts fail to grasp that the Global South is around 87% of the world’s population, is in its ascendancy and has a myriad of vertical growth markets now in play and is embracing the multipolar world. West meanwhile is in terminal decline.”
… The ASEAN surpassed the EU to become China’s largest trading partner. China’s imports and exports with ASEAN jumped 8.4% yoy to 1.35tn yuan in Q1 accounting for 14.4% of the country’s foreign trade volume.
Beijing’s economic and trade cooperation with other countries including Russia and Ukraine remains normal.
Beijing has refused to join sanctions against Moscow over the conflict in Ukraine, saying cooperation between China and Russia “has no limits.” The two countries have been switching from the US dollar and the euro to local currencies in trade to avoid possible sanctions.
It’s all digital currency for the years ahead for China. Make a strong distinction in your mind between CBDC (Central Bank Digital Currency), Cryptocurrencies and China’s digital currency. They are not all the same.
Russia is increasing its holdings in Yuan. This is explained as underscoring the falling credibility of the US dollar, as the US has been weaponizing the dollar as a financial weapon instead of a trusted international payment currency….
https://thesaker.is/here-comes-china-the-world-rotated-one-more-time/
Interesting points. China is definitely not on NATO’s side. It sounds like China is buying up assets in Latin America and Africa, so it still have world-wide interests, but not in the US or Europe.
Thank you, I have not had time for thesaker in a while, need to revisit.
Dennis L.
It is unavoidable that to avoid a general collapse the world will have to be authoritarian, with almost no rights for the unnecessariats, and no resources wasted on them.
The age of people living under abundance is over.
1845 like deliberate starvation of entire regions and capital punishment for all acts of charity for the poor, the end of all welfare and free medical care (end of medicaid, NHS, etc) , etc will have to follow.
The optimal population of the unnecessariats is, I have to say, zero.
Sounds pretty awful, but you might be correct.
Put a bandaid on that pig. There will be minimal health clinics to stitch up a cut and other low cost health interventions. No open heart surgeries, no chemo, no dialysis.
That may well be a very good observation. Looking at Periscope films on heavy industry in the US WWII and post, the workers, men, seemed much more fit and even in forging better dressed that is now typically seen.
At a recent Mayo presentation, a number of the presentors had obvious double chins and their eyes were sunken in fat around their face. This is not healthy.
I think it is our food, most of the stuff is junk and not very good for a person.
Dennis L.
Also, those 1940’s workers didn’t slither from watching TV on the sofa to their cars.
Probably walked a lot more, as well as a better diet.
I have a lovely photo of men from my grandmother’s village in the Pyrenees, Eugi, c 1930: foresters and smugglers – lean, hard, just as we should be.
They had gone by then, but in the previous century every man had a very large knife, a navaja, in his sash, to cut a throat if need be, with notches on the hilt….
“The optimal population of the unnecessariats is, I have to say, zero.”
you should change your name.
kulmtheunnecessariat.
Let us call the aggression if the dying nation a symptom of ageing of the nations, a symptom of the nation’s Alzheimer’s.
I have heard it said that the pursuit of money is a waste of time now as we are entering the first stages of collapse. I am 10 years away from retirement and often worry about saving up enough but I think in less than 3 years we will all know the answer to that. The mainstream still doesn’t understand or maybe they are afraid to tell people what the answer is. I had a friend tell me that she wants to retire in Spain I told her that Europe is in a lot of trouble and will be so In the future. Flying there from the states will become more difficult. But am I still way ahead of the true timeline?
I keep thinking that there is no point in putting money in the bank now. If we have money to spend, we should be spending it in the near term, if we have a reason to do so. A person could almost make a case for taking out a loan that will probably never be paid back. (This is not a route I would take myself: too nerve racking.)
I am not sure how useful gold and silver will be as investments, but diversification is one route to try to work around this predicament, as best as possible. Also, different “asset classes.” Will bank accounts hold up better than stocks, for example? Or will insurance annuities hold up better? There seem to be a lot of unknowns.
We started off finding a kind of security – if only to live just one more year- in the storing of grains and preserved meats: so to contemplate living without savings, or running them down drastically, is indeed psychologically very hard if you have been used to them (which does not apply to the majority of those alive today of course, although many foolishly persist in thinking of pensions, private or state, as a kind of savings).
X,
Family and a small and growing group whom you can trust in both ability and willingness to perform and also honesty in those dealings.
Dennis L.
With gold/silver you can store them where ever you wish if you take possession of them. If the bank collapses you lose everything, if you have some gold/silver at least you still possess them and perhaps can trade them with others for something you need later on.
https://palladiummag.com/2022/04/11/collapse-wont-reset-society/
Tl, dr: Even during a major collapse, the Old Order won’t die and will grow more virulent.
Taxes had to be paid, and debts had to be paid. The collectors made sure everything worked the same with utmost brutality.
Post war Germany was unusually stable. All the old arrangement mostly remained.
The collapse does not mean a reset ; it means more concentration to those at the top..
This post is talking about this situation:
The writer of this article is talking about a quite different collapse situation than we are seeing today. Back then, nearly everyone was either a farmer or a craftsman or caring for children besides other tasks. These people could easily continue functioning, if many of the old and already-in-poor health were taken away by illness. A 30% to 50% drop in population would help bring resources per person (such as farmland available per person) back to a level where the population as a whole could earn an adequate living. The economy could quite well get along without this missing 30% to 50%. In fact, with more farmland and more forested area per person, the economy likely did much better. Those in charge could stay in charge.
Our current problem, in theory, could also be solved with a huge drop in population, but the situation now is different. Now, we have an immense amount of specialization. We have a huge amount of infrastructure that needs to be maintained (roads, bridges, pipelines, ports, dams, electricity transmission lines, wind turbines, solar panels, other electricity generating stations, fresh water extraction and treatment stations, sewage treatment plants, fertilizer production plants, etc.) The level of overshoot is not such that 30% to 50% of the population must be lost. It is more like over 90% of the population cannot continue.
We need fossil fuels to maintain all of our infrastructure, including the infrastructure that is supposedly renewable. We are having real difficulty providing adequate energy output now, relative to the level of world population. The war in Ukraine is indirectly about who gets the benefit of these energy resources.
With the huge die-off required, it is doubtful we could keep the system going, given the specialization needed and the huge amount of infrastructure to be maintained.
A person might argue that if the die-off were concentrated in the most energy consuming nations (such as those with the highest uptake of the COVID mRNA vaccines), the required world-wide die-off percentage might be lower. This might be what the world’s self-organizing economy is somehow aiming for. In this case, maybe parts of the world economy could go on, sort of close to what was available before. This idea is sort of a “stretch,” but it might help explain what is happening.
Gail, right on. We are in a hard place.
Gail,
The system will change, but those in charge will be the same as before, or “Meet the new boss, same as the old boss.” Some have talents in getting groups to work together, individuals perish, a group goes forward.
This site is wonderful for thinking things through; the optimist in me sees those so determined to create chaos being shunted to the side, unable to organize a simple tea party. People recognize the need for things to “work.” During wars I have heard soldiers said, “If it works it is right, if it does not it is wrong.” Their stakes were very high on needing to be right. Our stakes will also be high, somethings will work.
Dennis L.
Vietnam was conquered by a peasant rebel named Nguyen Hue in 1783. Hue hailed from a region named Tay Son.
Nguyen Anh (no relation – 40% of all Vietnamese have Nguyen as the surname), who was the representative of the landowners, fled and seeked French help.
21 years later, Hue had died in the meantime and Anh retuned with French help and reconquered Vietnam, now a French vassal state. (It would become a full French colony in 1883)
Anh was the last survivor of his clan; everyone else had been killed by Hue. Anh ordered every single person who was born from Hue’s home region of Tay Son, about 500,000, last to a baby, and abolished the entire region.
Anh also restored slavery and restored all of the land taken by the rebels, and made sure the landowners had the last piece of land back. His arrangement more or less continued until 1975 in South Vietnam.
That is how restoration of civilization works
Now this is a post with perspective. But I think the death age spectrum in this collapse will also favor continuity. Crime, hunger and disease will disproportionately target the old (retired). The imperial core will at least keep the wheat to itself, and specialized workers will be protected, although I will have to see how, for example, the chip situation evolves (as well as other manufacturing, since both US and UK have precious little of it now). the service sector, countries without a role, like Egypt, and subsistence communities will generally be sacrificed.
My understanding is that the US will destroy remotely the Taiwan semiconductor industry if China attempts a landing, effectively making China and Korea the dominant makers. That would run counter to what I wrote above. But you can reasonably expect, both locally and globally, a philosophy of wiping out the useless eaters. The future of the world may well depend on how much resistance the useless eaters are able to put up in the imperial core.
drb,
“(as well as other manufacturing, since both US and UK have precious little of it now).”
Well, maybe, but think CAT, Deere, CaseIH, GM, Ford, Chrysler, Tesla, SpaceX, Intel, AMD, even lowly IBM. In heavy components, Cummins, Detroit Diesel , Allison transmissions, Eaton transmissions and axles come to mind. The largest supplier of CNC machne tools is US based Haas, there are others as well.
Boeing and Lockheed make pretty good air planes, ask someone who has been on the wrong end of an F15.
Society seems far from perfect, the goal is to make it good enough such that it functions. Businesses which are run well just seem to work, mostly, maybe exclusively they are run by men, men of a certain color although the currently wealthiest American is African American. Yes, it is a reach.
Dennis L.
I will give you John Deere and the heavy components part. I have strong doubts that Musk or the car industry, or the entire software industry, can make a difference anymore. The same goes for anything related to MIC.
TSMC has a new factory in the US, Samsung has a new factory in the US. Intel has many new factories in the US. OnSemi is buy up all the second tier semi companies and keeping them alive in the US. It is more complex then who has one flagship fab.
Gail is right on the nail there.
The difference between now and the plague is one of technological and social _complexity_ and the _energy_ that is needed to maintain the complex system.
What Gail said.
To be fair, Kulm makes no pretence of ‘working from the facts’ toward projections. He seems to have his own ideology, and his own view of how he _wants_ things to turn out, and every potential scenario is tendentiously proposed for that end.
It can be interpreted as the virtue of ‘persistence’ but persistence does not deliver results in all scenarios. Often flexibility, in accordance with the facts, is better. Otherwise it turns into stubbornness and stupidity (sorry to use such an impolite term).
It is likely that societies will revert to a more overt stratification, in less complex conditions – but so what? The self-organising system is going to do whatever it does. Humans today can ‘value’ that or not, but it does not really make any difference. It is just a subjective response, which is fine, and it can help people to dispose themselves.
Whether culture will ever again attain to the levels of Austria-Hungary is another matter. Social and technological ‘progress’ destroyed that, with the c.19th revolutions. Kulm wants a sci-fi situation of quaint aristocratic culture with all of the latest c.21st gadgets and what-not. Fantasy gives full scope to itself. Whatever.
He wants the ‘good’ in its fullness, and he accepts that some form of slavery is necessary for any higher culture. Today we have our energy-machine slaves to support our culture. But most people still work. People will work in the future, without the fossil fuel slave machines, and complexity will be lower, if not necessarily culture.
Perhaps we will still have orchestras, or at least smaller consorts of strings and wind, to play Haydn and Mozart. What do we really want from civilisation?
Asian pianists are good at mimicking the best
But they can’t write a number to save their lives
Even BTS, the most successful Korean act, had to ask Ed Sheeran for a song.
How many Europeans can write even up to Ed Sheeran level?
And how many Haydns and Mozarts has Europe produced recently?
Don’t bother to answer. I know. Europe is over. And it’s all Edward Grey’s fault.
ya and justin bieber is untouchable
he would have been a poet if he’d been born in greek times (or alternatively Senators would have buggered him)
It ended, because of one person, Edward Grey.
I’m afraid you may be right on the mark Gail.
Specialisation is a key point.
I’ve just been reading about the old life in a village in this part of England: apart from short supply-chains, not only were people more generalists than specialists, even the specialists could perform a wide variety of work, and still be both skilled and strong enough to help with simpler tasks when called upon.
A highly resilient, simpler, structure – which is why my village is still here, of course despite the huge loss it suffered in the 14th century after the 13th century boom.
The only villages which depopulated here did so not because of the Black Death, but when the landowners cleared the people away to make gardens and parks or breed sheep, needing only a shepherd or two and a few families to supply workers at the manor house.
just a gentle reminder
the barber’s sign is a red and white stripe, signifying surgery as well and barbering
Very interesting, my guess as well. Quote from last sentence:
“As history shows, those who benefit from collapse are often already among its heights.”
Thanks for the link, I am the optimist; things will go on, the trick is to adapt.
Dennis L.
I suppose the World Economic Forum is hoping for this to be the case. If we want to be on the top later, perhaps it is best to be on/close to the top now.
Perhaps the skill set which got them to the top is more or less universally applicable?
A good boss is good for all, maybe not at the same time, but overall. It is not an easily learned trait; the military works hard at this, promotions are expected, stepwise and if not achieved on a time schedule the person is retired.
Wars seem very effective in separating winners from losers; even on the “right” side, not all are winners.
Dennis L.
“IMF’s Georgieva says Ukraine war hits growth, threatens to fragment global economy…
““To put it simply, we are facing a crisis on top of a crisis,” Georgieva said… Georgieva also warned of a major new complication, the fragmentation of the global economy into geopolitical blocs, with differing trade and technology standards, payment systems and reserve currencies.”
https://www.reuters.com/article/imf-worldbank-georgieva/imfs-georgieva-says-ukraine-war-hits-growth-threatens-to-fragment-global-economy-idUSL2N2WB2SJ
“The World Trade Organization has cut its goods trade growth forecast for this year by about a third to 3 per cent, warning that the decline in commodity exports caused by the Ukraine war could cause mass hunger in developing countries.
“The Geneva-based body revised predicted growth in goods trade volumes down from 4.7 per cent…”
https://www.ft.com/content/8e6d6020-02cd-450b-a799-cb20e40a80d7
With less oil supply, there necessarily has to be less trade in goods and services. In fact, fewer goods and services in total will be made, and there will be less trade of these goods and services. Someone has to be left out.
and short distance trade will be favored over long distance trade due to the cost of fuel.
The USDA wheat article posted yesterday talked about the high cost of transport of American wheat to distant countries, such as China. Other producers are closer. It is harder for US wheat to be competitive, for this reason.
Early in the journey I read this https://www.amazon.com/Your-World-About-Whole-Smaller/dp/1400068509
He didn’t seem to grasp the implications though
I had a chat with a local businessman here in Russia, and he told me he would not consider any opportunity that involves more than 4000 km transport. I wish I had more time to ask him about this in detail.
And of course it had already started to decline pre-pandemic:
“World merchandise trade volume declined by 0.1 per cent in 2019, the first contraction since the global financial crisis of 2008-09.”
https://www.wto.org/english/res_e/statis_e/wts2020_e/wts2020chapter03_e.pdf
Thanks for the link. I think world merchandise trade volume is key.
IMF is correct. NA+EU versus Asia
The question in my mind is, “How close will NA + EU stick together?”
The EU is clearly a loser. NA has parts that might, for now, be winners. Could the US, minus California and a few Northeastern States, perhaps with some of Canada and Mexico, provide a second region besides the Asia region?
There might be parts of South America and parts of Africa that can do something on their own, but at different levels than the NA and the Asia block.
Yes, of course a smaller SA block and smaller African block. They have food and people. Energy will be their weakness. Though SA has some nice hydroelectric and the wonderfully useful coastal oceans for north/south internal trade trade by sail, free zero energy cost, just capital for the sails.
For some reason SA has never seemed to work. A look at the globe might explain that, it is very far from the other continents save Antarctica.
Dennis L.
I think no one really needs the water-challenged West.
They are free to go.
Glad to hear that the IMF is becoming aware of the obvious. Besides the part Harry quotes, the article says:
“Georgieva said food insecurity is a “grave concern” because of disruption to grain and fertilizer supplies from Ukraine, Russia and Belarus, pressuring the weakest countries.”
The food problem is far more extensive than the “Ukraine, Russia and Belarus” issue she mentions, but at least she brings up the issue.
“Food prices in some Syrian regions are up by as much as 67 percent amid Russia’s invasion of Ukraine, according to a report.
“The report from Mercy Corps out Wednesday said that in addition to the spikes in food costs, Syria has seen shortages in sunflower oil, sugar and flour.”
https://thehill.com/news/3266508-ukraine-invasion-more-than-doubles-some-syrian-food-prices-report/
“Severe economic crisis, high living cost affect Lebanese diet.
“”How can I buy meat at 280,000 Lebanese pounds (11.5 U.S. dollars) per kg when my monthly salary is barely 2 million Lebanese pounds?” Mustafa Hejazi asked, lamenting he is no longer able to provide his children with a decent living…”
https://english.news.cn/20220414/6ce9fd0851534f5caed37c05764aa8be/c.html
Lots of people around the world eat very little meat. Our world in data has interesting charts, going back to 1961.
https://ourworldindata.org/meat-production
Asia in particular ate very little meat back in 1961. The site mentions that as the world has gotten richer, it eats more meat.
Meat production is very “inefficient” compared to grain production. Vegetables are somewhere in between. Most of the world gets a majority of its calories from grains, with beans and vegetables of other kinds added in. Some parts of the world use root vegetables, rather than grains, but the effect is similar. If the world is less able to produce food, it is likely that meat production will likely need to fall.
“All fast food will eventually become vegan, a leading plant-based restaurateur has said, after Burger King trialled making one of its flagship restaurants completely meat-free.
“The Burger King outlet in Leicester Square, London, has been offering only vegan food for a month to test its popularity.”
https://www.theguardian.com/lifeandstyle/2022/apr/14/meat-feasts-to-go-burger-king-tests-all-vegan-london-branch
But isn’t one of the main reasons people go vegan is because they believe it is a healthy way of living? Would they eat deep fried vegan burgers and chips?
Note – Impossible Burgers are filled with all sorts of unhealthy rubbish.
In New England the family would eat beans for dinner to save up enough money for the Sunday ham (or what not).
I saved my lunch drink money (and drank fountain water)… and bought beers on the weekend… (well got someone to buy beers for me)…
Is it like that?
The horrors inflicted upon billions of animals … is unimaginable.
But let’s try:
https://youtu.be/U6DGYvSfhPM?t=26
What would happen if we showed videos like that to school kids – as part of their curriculum?
It would happen an exponential increase in the number of vegetarians and misanthropes. Which would be kind of nice.
Life is a death club.
Every animal alive causes death to something else living whether intentionally or inadvertently. Our horses, cows and sheep kill numerous small animals from insects to frogs all the time bu swatting them or treading on them. Our pigs will eat any animal they can find.
Vegans rely on modern IC to kill and sterilse massive areas full of invertebrates and vertebrates to grow their protein and carbs.
Though as I have said before eating the grains or tubers is more efficient than feeding them to animals.
Its not the deaths that bother me – it’s the torture.
fair enough.
You think he has it tough… what about private jet owners who have to pay double for their aviation fuel… and have you seen the big bumps in private school fees!!!!
“Pakistan’s Government Needs IMF Bailout Fast to Stave Off Crisis…
““The fundamentals are getting more and more challenged,” said Nivedita Sunil, fund manager at Lombard Odier. “Inflation is on an uptrend, FX reserves have fallen, and there’s a large amount going to food and energy imports. It is very crucial for them to find a working balance with the IMF.””
https://www.bloomberg.com/news/articles/2022-04-14/pakistan-s-government-needs-imf-bailout-fast-to-stave-off-crisis
“Tunisia raises fuel prices again amid severe financial crisis.
“Tunisia said on Wednesday it has raised fuel prices by about 5% for the third time this year, in an effort to rein in its budget deficit, a policy change wanted by the country’s international lenders.”
https://www.reuters.com/world/africa/tunisia-raises-fuel-prices-again-amid-severe-financial-crisis-2022-04-13/
“Prices of pharmaceutical drugs have skyrocketed in Iran amid plans by the cash-strapped government to cut a major subsidy.
“Since the government of ultraconservative President Ebrahim Raisi first announced its plans in September, the cost of some essential drugs has more than quadrupled.”
https://www.rferl.org/a/iran-drug-prices-skyrocket-subsidy/31800125.html
“Bankrupt Sri Lanka begs diaspora to send cash.
“Sri Lanka urged its citizens overseas to send home money to help pay for desperately needed food and fuel Wednesday after announcing a default on its $51 billion foreign debt.”
https://www.easterneye.biz/bankrupt-sri-lanka-begs-diaspora-to-send-cash/
I have a nephew who is married to a lady who is among Sri Lanka’s diaspora. Their children are now of college-age. I imagine that there are quite a few of Sri Lanka’s diaspora around, but many of them have other uses for their funds, such as sending children to college.
hahahaha… of course the corrupt govt will skim off most of the donations and park the cash in London property or offshore accounts… then jump on private jets and escape as the ship sinks…
Is there a gofundme where I can donate hahahahaha … I have a few pennies in my spare change jar ….
If there is “not enough” total goods and services, some goods and services need to be left out. High cost pharmaceutical drugs will be “priced out,” for all except the very rich, I expect.
If this was not a simulation — there would by now be riots rocking the entire world… this is far worse than 2008 and people were setting themselves on fire…
We’ve got a bit in Peru and Sri Lanka … but for the most part nothing….
The sooner they starve the few number need to die. IMF needs to do the humane thing and deny them any more debt.
F789ing hell!!! Tell them to stop bailing everyone out Harry — we wanna see what Face Ripping looks like (trial run) … Sri Lanka would be ideal because we could blockade the island and turn it into a test tube…. Cuba also works…
Pakistan not ideal as tens of millions of Packers would crash through the border with India and that could trigger global Ripping of Faces and Skinning Alive….
“Argentines march for jobs, food, amid rampant inflation
“Thousands of Argentines march for jobs, food, and more social aid as rampant inflation 6.7 percent for the month of March, more than even the most pessimistic projections, undermines government efforts to raise living standards.”
https://www.euronews.com/2022/04/14/argentines-march-for-jobs-food-amid-rampant-inflation
“Argentina’s Central Bank raises key rate to 47% as inflation soars.
“Central Bank raises interest rates for the fourth time this year after inflation data shows prices increasing at the fastest monthly pace in 20 years.”
https://www.batimes.com.ar/news/economy/argentinas-central-bank-raises-key-rate-to-47-as-inflation-soars.phtml
“Facing hunger, Peru’s poor band together with ‘common pots’…
“The inflation sweeping the world has hit Peru’s 33 million inhabitants hard, especially the 10 million poor people who live on $3 a day.”
https://abcnews.go.com/International/wireStory/facing-hunger-perus-poor-band-common-pots-84066484
Street Urchin Stew?
https://i.redd.it/8m7f9fs6bgl21.jpg
How does one service debts with rates this high? How does the country not collapse?
I don’t get it.
The system simply doesn’t seem to work in Argentina and Peru.
“Shipping Slowdown Exposes Vulnerability of U.S. Economic Growth.
“Real economic activity in the U.S. is slowing sharply. This is showing up in lower demand for new trucks and autos, and a tailing off in freight volumes, leaving transport stocks facing more downside.”
https://www.bloomberg.com/news/articles/2022-04-13/freight-and-shipping-slowdown-show-u-s-growth-is-vulnerable
“Biden’s approval falls to new low amid economic pessimism, inflation woes…
“Americans harbor some of the most downbeat views on the economy since the recovery from the Great Recession, and some of their attitudes are in line with those seen only during recessions, according to the latest CNBC All-America Economic Survey.”
https://www.cnbc.com/2022/04/13/bidens-approval-falls-to-new-low-amid-economic-pessimism-cnbc-survey-finds.html
“Product shortages and soaring prices reveal fragility of U.S. supply chain…
“About 31% of grocery products consumers browsed were out of stock in the first week of April, according to Datasembly, a research firm that tracks grocery and retail pricing. That’s up from 11% at the end of November 2021.”
https://www.cbsnews.com/news/product-shortages-inflation-supply-chain-2022/
Wow – surely that must result in massive empty space on the shelves… is that what those OFWers in America are experiencing?
I am not seeing empty shelves in NZ … well actually M Fast does all the shopping and she is not coming home and ranting about empty shelves…
You’d think being in butt f789 nowhere — we’d have more empty shelves than in the US
I still have not been able to purchase deck stain …
“Truck and auto sales combined are falling at a rate previously only associated with recessions.”
But this article isn’t forecasting a recession, per se.
The article comes to the conclusion that sales of new trucks and autos are down because demand is down.
Nothing could be further from the truth.
The current chip shortage is limiting the number of vehicles being manufactured. That is what is constraining sales.
Buying a used car right now is just as challenging as buying a house. The minute one comes up for sale, it is sold. And prices for used vehicles, just like houses, are much higher than a year ago because of that increased demand.
High prices mean that fewer people can afford them. Demand has to do with affordability. High prices are part of what is causing the reduction in sales. I am sure that the manufacturers are sticking to high-priced vehicles, when they have a limited supply of chips. That especially makes the choices high priced for buyers.
New cars are flying off the shelf, so to speak. Car dealers are selling cars as fast as they can get them to their dealerships.
Take a look at the graph of “Monthly U.S. auto industry inventory-to-sales ratio between January 2009 and January 2022” – https://www.statista.com/statistics/712119/inventory-to-sales-ratio-us-domestic-auto-industry/
anna – have you had your 4th shot yet — or is it the 5th?
The shots are working like a dream — they are eliminating the virus — just like we were told right?
https://www.headsupster.com/forumthread?shortId=397
hahahahahahahahaha…. anna won’t respond
Does Anna live with Norm and Mike by any chance?
if you go to the geriatric channel on P rn Hu b…. you can find out!
The Tories officially reveal their plan to outsource some immigration to Rwanda:
“Some asylum seekers who cross the Channel to the UK will be given a one-way ticket to Rwanda, under new government plans… Refugee organisations have criticised the plan as cruel, questioned its cost and impact, and raised concerns about Rwanda’s human rights record.”
https://www.bbc.co.uk/news/uk-politics-61097114
“Spain’s hard-right Vox party joins a regional government. A taboo has been broken.
“A week after Marine Le Pen reached the second round in France’s presidential election, the regional parliament in Spain’s Castilla y León approved a new government, the country’s first to include Vox, a hard-right party.”
https://www.economist.com/europe/2022/04/16/spains-hard-right-vox-party-joins-a-regional-government
Far right seems increasingly like a reasonable choice.
How convenient! Keep the would-be immigrants out of the UK.
Think you’ve got a bad job? Indian ‘sewer diver’ paid just £3.50 a day (plus a bottle of booze) to unclog Delhi’s drains
https://www.dailymail.co.uk/news/article-2190251/And-thought-bad-job-Indian-sewer-diver-paid-just-3-50-day-plus-bottle-booze-unclog-Delhis-drains.html
https://i.dailymail.co.uk/i/pix/2012/08/18/article-0-1498B1AA000005DC-249_634x754.jpg
Got to be better than living in new zealand though.
Or the tanners in Morocco (and, once upon a time, everywhere) where the two entry-level jobs were dog crap collector, and dog crap stirrer – as the hides sit in the repulsive liquid sludge …….
‘Son, I’ve got you job, with prospects; you can certainly rise if you put your back into it and show talent!’
Thing about how stooopid this is … lighting a finite substance on fire and burning it…. but when you inevitably run out of coal — you are completely f789ed and everyone starves hahahahaha
https://www.zerohedge.com/energy/india-facing-widespread-blackouts-summer
Dogs would never do this
People have not understood how important an ever-rising supply of low-priced coal is. We seem to have hit “peak coal” as well as “peak oil,” and natural gas is not rising much either.
China and India are mostly coal-powered economies. They are the ones hit worst by high coal prices. Europe may be doing these countries a favor, cutting back its coal consumption, allowing more coal to flow elsewhere.
They think it’s infinite hahahahaha….. compounded stooopidity on steroids
“Global economy braces for China inflation shock…
“Chinese manufacturing hubs are seizing up as authorities stamp out fresh outbreaks. Despite talk about diversifying supply chains, the world’s dependence on Chinese factories has only increased.”
https://www.reuters.com/breakingviews/global-economy-braces-china-inflation-shock-2022-04-14/
“Despite lofty goals, China’s leaders sound anxious about economy…
“If COVID-19 cannot be quickly brought under control – which seems increasingly unlikely – then either Beijing’s zero-tolerance pandemic strategy or the growth target will have to go.”
https://www.aljazeera.com/economy/2022/4/14/after-lofty-goals-chinas-leaders-sound-anxious-about-economy
“China’s Coal Sector Raises Alarm Over Potential for More Outages…
“Eight coastal provinces, including powerhouse Guangdong, are expected to see a growing shortfall of coal for industry and cooling needs, Li Xuegang, vice president of the China Coal Transportation and Distribution Association, said at an online briefing on Wednesday.”
https://www.bloomberg.com/news/articles/2022-04-14/china-s-coal-sector-raises-alarm-over-potential-for-more-outages
“Robot dogs and drones are policing Shanghai’s strict lockdown…
“He says the dog makes three or four patrols a day depending on battery life…”
https://www.ft.com/content/5c437146-2d18-466b-84af-24a47b32de59
unpaywalled:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F5c437146-2d18-466b-84af-24a47b32de59
(https://12ft.io/ removes most paywalls)
and the solution to robot dogs:
https://www.sentryair.com/blog/wp-content/uploads/2013/04/FH17JUN_579_07_034.jpg
hahahaha https://12ft.io/
Great! F789 the MSM.
Unfortunately 12ft ladder doesn’t work on New York Times. Being the leftie publication.
From the article:
So that annualizes to 200MM tonnes….
Next time someone bitches at me about burning 6 tonnes over the winter I’ll reference this…
Overlooking the fact that your white privilege magnifies your contribution to GW, FE…..
But is the threat of Covid real? It seems more and more like it is an excuse to slow consumption down.
Leaving aside the question of whether the virus exists or whether viruses exist, and assuming for the sake of argument that this one does exist, then it looks like the threat has been hyped beyond all reason, and not just to slow consumption down, but also to get a shot or two or three into every arm.
My contention is that COVID-19 just isn’t that devastating a bug. It is up there with the 1968 Hong Kong flu but nothing to panic about. Even though I know it has killed a lot of people and damaged the health of a lot more.
Vaccinating against it has made it far worse than it would have been, just as Geert Vanden Bossche warned it would.
Whenever someone says anything about Covid as if it exists, their personal center of gravity (their ‘soul’) vaporizes as plainly as the nose on my face. It’s like Petr in the hunger games moving in and out of his hijacking.
Whenever you guys talk about Covid, pleas do feel free to ask one of us whose centers of gravity never leave us, ” Real or not real?”
We encourage you to check in with us when you’re feeling a little funny. it’s probably just because you’re thinking about Covid. We here to help.
Petr was in the struggle of his life against the tracker jacker hijacking, and it was a testament to his character how good he was about checking in with Katniss et Al.
Real or not real?
If you don’t know, in your most honest moments, try drinking bone broth everyday. Buy bulk boxes of bones, and get mineralized. Gravity is not based on mass, it is based on the density of consciousness. Consciousness is electromagnetic. Minerals, including the metallic minerals, are the energetic ground in the circuit, that enable the connection to all things Real.
reante, something has been making a lot of people very sick, including quite a few people I know personally. I would have to be deluded to deny the evidence of my eyes and their testimonies.
What the cause is I honestly don’t know. And as I try to be honest, even to the point of boring my audience, I talk about the virus as “real or not real”—because as far as I’m concerned it could be either, and I’m not familiar enough with “the science” of virology to be able to judge.
You, by contrast, seem absolutely certain that you do know that it doesn’t exist and astounded that anyone else could possibly not share your certainty. But that isn’t because you really know or because you are smarter than all the millions of people who are convinced that the virus does exist or than those who know that they don’t know;: it’s because you are a b*ll-sh*tt*r by nature, period. And this begins with b*ll^sh*tt*ing yourself.
The clockwork ticking over in your head and revealed by your words is as transparent as what we can see in some of the classier mechanical watches that have crystal glass backs.
Your MO, in case you haven’t noticed, is to make strings of shocking claims one after another, purely for effect. Keep this up and you might make it as a cabaret act.
Whenever someone says anything about Covid as if it exists, their personal center of gravity (their ‘soul’) vaporizes as plainly as the nose on my face.
As you are a materialist, I am surprised to read that you believe in the existence of the “soul”.
And if the nose on your face vaporizes, perhaps you should stop vaping whatever it is you’ve been vaping?
My personal center of gravity is usually hovering somewhere in the region of the solar plexus. Any higher and I would wobble inconveniently.
I think it was mccullough who said the other day that wuhan covid was as a bad as a bad flu….
He’s right.
It was as bad as an untreated flu or pneumonia – because they shut down primary health care, and told people only to approach a hospital when at the last stage of infection and gasping for breath.
… as well as an excuse to inject 8B with garbage that is purposed to exterminate (multi dimensional this covid thing)
Or both!
“China hesitates in bailing out Sri Lanka, Pakistan as debt soars…
“President Xi Jinping’s government is becoming more reluctant to pull out the checkbook… [as] China is currently facing its own economic troubles… China’s development banks are acting to preserve returns.”
https://timesofindia.indiatimes.com/world/china/china-hesitates-in-bailing-out-sri-lanka-pakistan-as-debt-soars/articleshow/90833551.cms
“China’s Central Bank Vows to Use Policy Tools, Including RRR…
““Downward pressure on the economy has increased currently,” Sun Guofeng, head of the monetary policy department, said at a briefing Thursday. “We will use monetary policy tools including reserve requirement ratio reduction at the proper time”…”
https://www.bloomberg.com/news/articles/2022-04-14/china-s-central-bank-vows-to-use-policy-tools-including-rrr
“China hesitates in bailing out Sri Lanka, Pakistan as debt soars…
“President Xi Jinping’s government is becoming more reluctant to pull out the checkbook… China is currently facing its own economic troubles… China’s development banks are acting to preserve returns.”
https://www.hindustantimes.com/world-news/china-hesitates-on-bailing-out-sri-lanka-pakistan-as-debt-soars-101649897913377.html
We now live in a world of not enough to go around. This is a matter of physical resources, especially since sanctions against Russia have been implemented. Some countries must be cut loose from receiving aid. Sri Lanka and Pakistan likely are on the losing end of this predicament.
Yes and as we go forward debt must be used more and more. We are now in a dystopian present… everything is being manipulated even stock markets and debt.
The sanctions on Russia are no real reason why Russia should produce less ? selling… hmmm.
Also in Ukraine I saw a maxar pic in the news today with a field nicely tilt.
It is not clear if we really have less as the reason for price increases. If people drive up the prices they can blame it on the
“Putin price hike”
Buck makers make bucks
The Ukraine ‘war’ offers a scapegoat for the throttling down of BAU… because we must throttle down or energy prices explode…. (and BAU follows)…. it also distracts the CovIDIOTS from the massive increases in Covid infections, hospitalizations and deaths… ‘it’s mild’
The article says:
Good grief! What can the world expect, if China is taking such crazy actions. A person wonders whether there are major fuel shortages that need to be covered up.
If we were told the true state of BAU — we’d recoil in horror.
BAU is cracking
Trying to convince M Fast that we need to do a month in Greece… since it’s opened…and she’s feeling a bit rudderless…
Her response was — I think the world is going to end…. to which I replied – we cannot be sure — maybe 50/50… she says 60/40… I of course know it’s 100% done and dusted… but not everyone is a misanthrope… so they may recoil from that line of thought
Greece would be a reasonable end to the bucket list…
The more you vax, the weaker your immune system becomes
Independent data from the UK and New Zealand show the same thing: the more you vaccinate, the greater your chance of getting infected. It was supposed to be the other way around, wasn’t it?
It doesn’t get any more insane than this: the more you vaccinate, the greater your chance of getting COVID. Vaccinate 3 times and your risk of getting COVID is 3 times worse than an unvaccinated person.
Government data from Australia, New Zealand, the UK, shows that the more you vaccinate, the more likely you are to being infected:
https://stevekirsch.substack.com/p/just-for-the-record-the-more-you
mike? Tell us again what you read in the news today … about how awesome the injections are
Hey Eddy – real or not real?
We’re here for you.
Paxlovid, “Snake Oil” of the 21st Century?
Paxlovid Clears Symptoms, but does it Clear the Virus?
https://igorchudov.substack.com/p/paxlovid-snake-oil-of-the-21st-century
Saviour Jabs
This is how well they have saved the fully jabbed from Omicron…
https://live2fightanotherday.substack.com/p/saviour-jabs
https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Faee7ed6a-7b56-4a07-9f6e-f358b069c370_691x443.png
https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F745b93e3-b810-40fd-9269-0199b98a1655_695x453.png
blogs meh… right mike?
Good points. Paxlovid temporarily clears the COVID symptoms, but then the illness comes right back again. The person keeps testing positive, so presumably is infectious. This is not a solution.
Also, nice charts showing how the high rates of Omicron seem to be occurring in at least some highly vaccinated countries, but not in countries with little use of vaccine.
Thanks.
Now mike – it’s your turn to comment on that article … mike…. where is mike?
He’s in the pie shop FE – he snuck out while you had your back turned….
Ok class – let’s have a singing lesson instead…
When I say – Where is the MOREON … you say He’s in the Pie Shop – Always in the Pie Shop
Then I say – What’s the MOREON doing in the Pie Shop? You say — Hiding from the Question – and Stuffing his face.
Omicron BA.4, BA. 5 and their consequences
Prepare for unforseen consequences!
https://hiddencomplexity.substack.com/p/omicron-ba4-ba-5-and-their-consequences
12mins with the Yoda speaking about muttations- I mean mutations,:
https://www.bitchute.com/video/5XaCH2GGzA9p/
You have to put the time in Eddy if want to keep it real.
Discusses new variants, and why vaccines are likely not to be helpful here either. In fact, they make the rate higher of illness higher.
Recently I have started just ignoring all covid “news.” Regardless of what type.
I haven’t been jabbed, will not be jabbed, and covid BS no longer penetrates my consciousness as relevant to anything. Sort of like warnings about Coca-Cola. Never touch the stuff anyway.
If I catch a variant I don’t care. I’ll just die or something, but at least I’ll die without losing my mind.
As for China, the dystopian future is manifesting there.
I am a supporter of Russia, but China is not a beacon of sanity.
Don’t they read substack?
Haven’t they heard of Ivermectin and other prophylactic protocols?
WTF?
Even reading the ‘good guys’ on Covid and the vaxxes can sap the soul somewhat.
We know they are poison, both short and likely long-term: what more is there to say?
Hell is Hell, no point in plumbing its depths every day: we have lives to live – perhaps rather shorter than we ever anticipated……
‘Let the dead go bury the dead’ etc.
Judge PRAISES ‘inspiring’ Insulate Britain mob whose M25 stunt delayed AMBULANCE carrying ‘urgent’ patient – as he fines 12 activists for protest that disrupted 18,000 rush-hour drivers
The eco mob blocked traffic by sitting across Junction 3 of the M25 at Swanley
Some glued themselves to the tarmac while another stuck himself to a police car
Mary Adams, 68, stood in front of an ambulance and refused to move aside
She and two other protesters were praised by District Judge Stephen Leake
He told them their impassioned speeches about the climate had ‘inspired’ him
He said his role was to ‘apply the law’ as he fined them for blocking the motorway
https://www.dailymail.co.uk/news/article-10714247/Judge-PRAISES-inspiring-Insulate-Britain-mob-M25-stunt-delayed-AMBULANCE.html
But anyone protesting the kill shots gets hammered
We don’t really need protesters of climate change any more, regardless of what this judge thinks.
It’s probably nothing … but I have two very reliable assistants in Hong Kong … and during the past week both have made a couple of howling mistakes…. I cannot recall this ever happening (one of them has worked with us for 10+ years)
Both are triple jabbed.
Have you noticed if they tend to repeat the same stories, or miss-attribute contributions etc?
No — I’d notice because they’d also start wearing adult diapers like norm and I’d hear about it.
Have you thought about doing it yourself instead of pocketing the spread between what they’re worth to you and what you pay them?
That would mean actually having to work rather than issue edicts… I haven’t done any ‘work’ since 2009… what is work? + it would cut into my OFW and substack time if I had to spend more than the current 20 minutes per day issuing edicts….
New Zealand’s first half was disrupted by the loss of Paige Satchell in the 18th minute, with the winger leaving the field in some distress, related to problems with an irregular heartbeat.
https://www.nzherald.co.nz/sport/football-ferns-fall-to-australia-again/5ZT5LLVAJSY6TIA2IP4BUFHUXU/
And she’s done. She can take up knitting
Wonder how Nadal’s ‘rib injury’ is doing
https://sportstar.thehindu.com/tennis/rafael-nadal-skips-barcelona-open-uncertain-comeback-date-injury/article38471761.ece
I wonder if there is a betting site where one can bet that he will retire….
Wouldn’t it be awesome if he were to try and play in France — and have a match with Novak- and die of a heart attack!!! My dream come true hahahahaha
Wondering who will be the next person to pull out of a major tennis competition due to heart problems certainly adds to the interest. I was looking for the reason Alexander Bublik retired from his match yesterday when I came across this story:
https://www.tennis365.com/tennis-news/covid-19-vaccine-reaction-behind-ugo-humbert-losing-streak/
So that’s Humbert, Bashilasvili, Monfils and Chardy from the world top 100, who have had heart damage from the vaccines, as well as other possibles such as Nadal and Sinner. That gives a rate of significant damage of at least 4% from the ‘safe and effective’ vaccines. This is likely to be reflected in the general population, though less visible due to most people not exerting themselves as much as top athletes.
Rafael Nadal’s French Open preparations appear to be under threat after it was revealed the Spaniard was yet to return to training after picking up a rib injury in Indian Wells.
https://www.tennis365.com/tennis-news/covid-19-vaccine-reaction-behind-ugo-humbert-losing-streak/
They will delay an announcement of his retirement … eventually the release will say something like – due to multiple injuries over the years and the struggle to recover from the rib injury … Nadal has decided to retire.
No questions will be asked.
The former World No.1 and three-time major champion revealed last week that she’s producing a series of children’s books, titled ‘Little Ash’, in her first major project since hanging up the racquet.
https://au.sports.yahoo.com/tennis-2022-ash-barty-surprise-appearance-new-career-move-222811234.html
I expected her to pursue professional knitting… but she’s gone with children’s books…
Again – no questions asked — 25 years of age — #1 in the world — all that money – all that fame — doing what you have always wanted to do ….
You quit to write kiddy books — and nobody asks why
Hahahahahahahahahahaha and the MOREONS if you taunt them will just say – she had enough of tennis – she had enough $$$ — why wouldn’t she retire? hahahahaha happens all the time … hmmm … can’t recall any top sports person retiring at … 25… unless they had to …
Happens.. never.
In the country of Draghistan, also called in the past ‘Italy’, 62% of the population would like to start a dialogue with Russia to solve the war, instead of sending weapons to Ukraine, but Draghistan is going on anyway to send weapons to Ukraine.
https://voxnews.info/2022/04/13/solo-il-24-degli-italiani-sta-con-lucraina-il-62-vuole-dialogare-con-putin/
More weapons to keep war going.
Odd – cameras where the guys ‘shot everyone’ were out … but only those ones… reminiscent of Epstein https://t.me/chiefnerd/3219 https://t.me/TommyRobinsonNews/34591
Queensland Facing ‘Health Crisis’ w/ Unexplained 30-40% Increase in Hospital Visits
https://rumble.com/v10wngu-queensland-facing-health-crisis-w-30-40-increase-in-hospital-visits.html
mike – norm?
tranny with dongle smashes the f789 out of female rugby players hahaha — send him to NZ — our Plough Hogs will fix him real good — then they’ll force themselves on him to celebrate https://t.me/TommyRobinsonNews/34572
yes keep getting it – it’s safe even though her brother died hahahahahahaahahaha https://t.me/TommyRobinsonNews/34580
Two inmates at all-women’s New Jersey jail are pregnant after both had sex with transgender prisoners.
The world’s gone mad.
https://www.dailymail.co.uk/news/article-10716417/Two-women-female-New-Jersey-prison-PREGNANT-trans-inmates.html
https://t.me/TommyRobinsonNews/34596 disgusting?
https://vigilantcitizen.com/wp-content/uploads/2018/12/leadeconomist20182.jpg
The Meaning of the Cryptic Messages on The Economist’s “The World in 2019” Cover
“A look at the cryptic symbolism found on the cover of the Economist’s “The World in 2019” which includes the Four Horsemen of the Apocalypse.
Right under Putin, standing on Northern Europe and facing America, are none other than the Four Horsemen of the Apocalypse. The Book of Revelation describes the Horseman as harbingers of the Last Judgement.
The White Horse is said to symbolize Conquest, Pestilence and the coming of the Anti-Christ;
The Red Horse represents War;
The Black Horse is associated with Famine, and
The Pale Horse brings Death.
That’s some heavy-handed catastrophe-predicting stuff.”
ANY OF THIS SOUND FAMILIAR?
https://vigilantcitizen.com/vigilantreport/the-economists-the-world-in-2019-is-full-of-cryptic-messages/
I found this link very interesting. https://vigilantcitizen.com/vigilantreport/the-economists-the-world-in-2019-is-full-of-cryptic-messages/
It refers to the very strange cover image on the Economists magazine, published in December 2018, in an issue that was supposed to be forecasting the future. It has all kinds of cryptic messages (including backward handwriting) that make increasing sense, if we look at them now.
The article says near the beginning:
It sounds like it was increasingly clear to the world’s elite at that time that the world economy was in trouble. But it could not come out and say that.
Check out the Pinocchio reference in particular. There is a pretty obvious connection to it, and it relates to both the political figures.
Excellent article, and written in 2018.
I read The Economist for years; what I recall most clearly was a front cover announcing $10 oil. My reaction, BPT was selling at about $4/share, not paying a dividend, I bought strongly. BPT would top out at $140 before going back down.
Warren once said, if a stock goes down dramatically and nothing has really changed, it is on sale, buy by the fist full. That is by recollection, not exact.
Dennis L.
They have provided many hints over the years… including Utopia https://archive.org/details/bensutopia
https://vigilantcitizen.com/wp-content/uploads/2018/12/theworldin2019-7.jpg
= CovCON?
https://vigilantcitizen.com/wp-content/uploads/2018/12/theworldin2019-6.jpg
= Peak Energy and what follows
At the top of the cover, an arrow points from da Vinci’s flying machine towards the moon. = we have never been to the moon
2019 will be the 150th anniversary of Gandhi’s birth; It is also the 200th anniversary of Walt Whitman’s birth (shown under Pinnochio). = mass protests as inflation spirals out of control]
Who would like to watch some MOREONS? https://t.me/AmericasFrontlineDoctors/513
Hahahaha… this is normal right mike? nothing to do with the injection?
THE WORLD NUMBER 2 FEMALE GOLFER….
Has just had a “blood clot” removed from her arm
https://golfweek.usatoday.com/2022/04/08/nelly-korda-surgery-blood-clot-left-arm/
https://t.me/DowdEdward/248
Not only did she develop a blood clot (Johnson & Johnson?) but she tested positive for Covid. Yup they’re pretty effective at warding off Covid. The doctors should be ashamed of themselves. No effort to make the connection between the vaccine and the blood clot because we all know that healthy young women who are athletes are susceptible to blood clots.
My advice to her is to juice up more. If she cheated life thus far what could possibly go wrong, So boost up.
Clot caused by covid – right mike?
https://watch.plex.tv/movie/revealing-ukraine
Movie from 2019 about Ukraine.
See… they feed the shrimp raw sewage:
The first batch of imported shrimp tested positive for E. coli. The sample also contained antibiotics, leading Rubin to suspect that, based on the growth, the shrimp may also contain antibiotic-resistant bacteria. The lab ran a DNA test overnight to confirm. Sure enough, the sample contained Extended-Spectrum Beta-Lactamase-producing strains of bacteria.
https://childrenshealthdefense.org/defender/shrimp-most-dangerous-seafood-you-buy
Does anyone really think that humans should not be exterminated? Even a f789ing dog learns very quickly not to shit in it’s house…. We surely are the stupidest beasts to every roam the planet… nothing comes close
Soaring gas prices are forcing some Uber, Lyft drivers off the road
https://www.cnbc.com/2022/04/13/soaring-gas-prices-are-forcing-some-uber-lyft-drivers-off-the-road.html
I have spoken to several Lyft and Uber drivers and they have told me it’s difficult to make money when you factor in fuel and maintenance such as brakes, tires, oil changes. The only way they can make money is to pickup multiple passengers. That and pizza delivery are money losers.
Wait until the people doing these hopeless jobs to make ends meet can’t keep their cars on the road, then can’t find other work or afford food and heating.
Only one class in society is winning, currently….
When I was working as a tire and oil change worker, you are not far off the mark. Most of the cars I would see were well past the oil change interval, oil dipsticks had a burnt smell. The inside of the cars were not much better. I would think to myself, that car can’t last too long but I think most of those cars were leased but the owner would be stuck with a huge bill when they returned those cars to the dealers.
If the rates need to be raised substantially, people will cut back on the rides they take with Lyft and Uber. Jobs would be lost that way as well.
UK – Vertical Death Curve
https://pbs.twimg.com/media/FQPXroiXIAU_0Ik?format=jpg&name=900×900
norm?
Oh, total baloney. note lack of scale on the y axis. either euromomo data are totally falsified, or it is just a heavily zero-shifted plot. people are not dying past normal fluctuations.
Some other death data I am looking at for the UK isn’t particularly alarming. It looks like there as a temporary increase in deaths added at one point. If the dates would go back before Oct or Nov 2021, a person could see that death rates were much higher then.
UK Gov. quietly published data confirming the Fully Vaccinated accounted for 92% of all Covid-19 Deaths in March https://www.headsupster.com/forumthread?shortId=1603
https://i0.wp.com/dailyexpose.uk/wp-content/uploads/2022/04/image-100.png
norm?
I doubt norm is boosting … 3’s enough right norm? You don’t want to be a stat….
It’s King Coal Time… time to pick up the last 1700kg!
First … a short prayer to the Coal God… the God who gives us warmth… and black beautiful billowing smoke… we praise and worship yee God of Coal…
the lover affair continues… but not for much longer…
. In 1307, Edward I issued a royal proclamation prohibiting the use of sea coal in kilns due to the smell affecting the air but also due to its impact on health
The air pollution first surfacing in the 13th century can be linked to coal burning. Originally known as sea-coal because it was shipped from Newcastle to London as ballast, it was originally imported into London into modest quantities by the beginning of the 13th century; however, annual records of imports of coal into London are not recorded until 1580.
The early coal trade was primarily used by smiths and lime burners and other industries on a small scale in London and English coastal towns. It is thought that it was not used widely in other industries due to the clouds of smoke and fumes when burnt, but also the harmful side effects of using it in the industrial processes. Iron smiths found the high sulphur content of coal made the iron brittle. Brewers who also tried using coal found that the beer or ale was affected by the smoke in the brewing process.
Initially the first choice of fuel was wood or timber, but it is possible that there were shortages of these fuels even with England’s extensive forests. For those living in London, the woodlands outside of the city were the first option; however, the costs of transporting the material long distances overland proved costly and prices for firewood steadily increased.
majority of the complaints seems to have come from the noblemen and upper-class, but it is possible to find records of how the burning of sea coal was viewed by average people. A resistance to the change in the environment could have been a factor, as the environmental quality, particularly in cities, was at the time low.
https://www.medievalists.net/2019/10/how-coal-played-a-part-in-medieval-air-pollution/#:~:text=In%201307%2C%20Edward%20I%20issued,to%20its%20impact%20on%20health.&text=The%20late%20medieval%20period%20marked,recognizing%20the%20need%20for%20hygiene.
This is a chart I found a long time ago, showing annual energy consumption per person (megajoules) in England and Wales 1561-70 to 1850-9 and in Italy 1861-70. Figure by Tony Wrigley, Cambridge University.
https://ourfiniteworld.com/wp-content/uploads/2012/04/wrigley_annual-energy-consumption-per-head-1561-to-1870.png
You can see what a huge difference the addition of coal made to the economy and how early this seems to have taken place. Wind and water energy never amounted to anything.
Yes. Indeed, thank you and at what a cost!
Remember reading many decades ago Jeremy Riflins classic book Entropy A New World View…could it be 40 Years ago now!?
How the peasant freezing to death Came to plea to allow them to burn blessed coal…the King took pity and allowed it as the human hoard had depleted the wood forests and the royality were worried the masses would revolt and cut down the protected Royal Forest preserves that kept the upper crust nice and warm with wooded resources for houses and ships ect.
As You and others, Norm, have rightly pointed out substitutes have not worked in your network system…
I adore coal. I really do. There are those who despise it … I embrace it…
US Winter Wheat Crop Progress
https://pbs.twimg.com/media/FQJRSZdXoAYbE3Q?format=jpg&name=medium
Only three states doing well! Not so good!
https://ers.usda.gov/webdocs/outlooks/103720/whs-22d.pdf?v=3433.9
here is a complete report.
From Table 1 page 3
US domestic demand categories ~predicted meet/exceed last year
exports down ~20%
farm price up ~50% for 21/22 vs 20/21
ending inventory down
lots of other info including world supply predictions
Interesting! It sounds like China bought a lot of wheat a year ago, when prices were low. It is not as interested this year, when prices are high. Also, the US is geographically quite a ways away from many of the major import markets. With the cost of transport very high now, other markets (such as Australia and Argentina) are closer geographically to some of the more distant import markets, cutting transport costs.
Dear Publisher,
Due to the war in Ukraine, we will pause monetization of content that exploits, dismisses, or condones the war.
Please note, we have already been enforcing on claims related to the war in Ukraine when they violated existing policies (for instance, the Dangerous or Derogatory content policy prohibits monetizing content that incites violence or denies tragic events). This update is meant to clarify, and in some cases expand, our publisher guidance as it relates to this conflict.
This pause includes, but is not limited to, claims that imply victims are responsible for their own tragedy or similar instances of victim blaming, such as claims that Ukraine is committing genocide or deliberately attacking its own citizens.
Sincerely,
The Google AdSense Team
Google are now the ultimate judge of what is right or wrong in the world. Time to exit this planet for a freer one. Bye.
I can think of a 50 cent solution for you! Oh wait you live in liberal land where you can’t be an adult and have a gun… are you allowed to have knives there?
I have 5 guns.
5? !!
I am deeply envious: I haven’t even bothered to get a shotgun, as I am certain they will be confiscated on some pretext.
People are already being messed around over renewals.
Oh for a Glock and concealed carry!
Hand guns now allowed. High powered rifles and shot guns … allowed.
If the CEP fails — I go down in a blaze of glory. I need to train M Fast and the Munchkins so they know how to speed load…
Semi automatics – no longer allowed
Guns are restricted in new zealand because too many people would commit suicide.
Fentanyl is banned for the same reason.
Yes – it’s ruined beyond repair now – nuke everything…
Mad Max getting closer…
German police bust right-wing group planning attack on energy grid
Investigators in Germany say an extremist chat group planned bomb attacks to knock out power nationwide.
The State Criminal Police Office (LKA) in Mainz said Wednesday that individuals from a group calling itself the “Vereinte Patrioten” (United Patriots) planned bomb attacks on Germany’s energy infrastructure in hopes of creating lasting nationwide power outages that would spark a “civil war-like” situation.
The group figured that such an attack would then enable the toppling of Germany’s elected government and ultimately its democratic system.
https://www.dw.com/en/german-police-bust-right-wing-group-planning-attack-on-energy-grid/a-61468227
hahaha… The Year of Living Dangerously appeals to some folks… they probly listen to Death Metal music as well and bash anyone who is not white.
1. Because this report is highly likely to be true.
2.And bcs the German government reserves to itself the right to destroy the German energy infrastructure and will tolerate no competition in that area.
I particularly liked part 2.
But I suppose i should have put /s after point 1.
the meaning was perfectly clear.
🙂
Beverly Hills bandits: How a DOZEN gangs are targeting city’s rich and famous for their designer handbags and watches – with 221 follow-home robberies in just four months
A group of at least 17 gangs targeting Los Angeles’ wealthiest are responsible for the city’s recent string of ‘follow-home’ robberies, cops said Tuesday.
‘In my 34 years in the LAPD, I have never seen this type of criminal behavior in such large groups coordinating to conduct attacks on unsuspecting citizens to take their property and/or vehicles,’ said Capt. Jonathan Tippet of the attacks, which started in September.
In November, Tippet was tabbed to head a division designed to combat the robberies – Follow Home Robbery Task Force – which has seen armed suspects stalk victims leaving ritzy boutiques, hotels, and restaurants before striking.
The force – which includes 18 detectives – was created on November 23.
Since then, a total of 221 follow-home robberies have been reported – with a further 45 coming before the task force’s creation.
During Tuesday’s briefing, Tippet and other cops criticized city laws that saw two suspects the task force has arrested in the past month put back on the street while awaiting trial days after their offenses.
The briefing comes as violent robberies and smash-and-grab thefts have skyrocketed in Los Angeles. Robberies are up nearly 18 percent in the year-to-date compared to 2021, while those involving a firearm have surged by nearly 50 percent in the same time period.
Assaults are also up marginally, by 4.4 percent, with violent crimes overall up seven percent, statistics from the LAPD reveal.
https://www.dailymail.co.uk/news/article-10713431/More-dozen-LA-gangs-sending-crews-target-citys-wealthiest-residents.html
Wonder what these folks will do when there are no cops …
Looking like The Purge
https://twitter.com/EllioT_MR___/status/1514336232586809346
In so much of life, follow the money.
Dennis L.
More dangerous there than in Kiev… hahaha…
The Elders are of course taking notes … waddya do when your money machine is pushing out worthless paper… and those guys who protect you walk on you … or worse — remember when you had some harsh words with any of them over all those years… when you told them to clean your shoes… they did it – cuz you paid them well….
Hmmmm…..
Yes, better send these tough young single men off to war to deal with them…
Where is Karl Rittenhouse when you need him?
What will the average retiree do when there is no pension more like it..oh yeh sorry I forgot, it’s already baked in
Early 90’s FE is in San Mig Pub Makati Manila chatting with non-blow up girl … some skinny old guy keeps looking over…
Fast says – is that your father? She says – oh no … he’s my body guard… Fast says — doesn’t look like much of a body guard – I betcha I could take him ….
She says – he’s got a big gun….
The US is going third world — the cops won’t be able to stop this — these people need skinny old guys with big guns … otherwise — drive a beat up Ford and wear a Timex.
It starts at the top. When your president wears diapers for public engagements lest he soil himself it flows down (pun intended) to the masses.
The USA is collapsing. Fact. Why are half the world cheering?
Are there charities where you can donate to third world countries like the USA?
I believe they only eat burgers and drink Coke.
Please advise.
Geert Vanden Bossche Speaks Up Again
https://www.voiceforscienceandsolidarity.org/videos-and-interviews/international-vaccine-expert-geert-vanden-bossche-speaks-up-again
That’s his best yet…
VIP Russell Brand’s riff between the 6:40 and 6:50 mark contains a flash of illumination at the end of it. Unless one already knows that pathogens don’t exist, one will not catch what it is that Russell is saying here as it’s very well scripted. Indeed, most people reading this comment before watching the clip will not even believe that this is a leak and a shout-out to the terrain theorists. If you are one of these people my question to you is, what, then, IS he so cryptically saying?
https://youtu.be/UG1E5MQwXL0
reante – you don’t need to throw out all of germ theory when you begin to understand terrain theory. There are indeed numerous pathogens, viruses, bacteria…germs everywhere including in the human body. Life is generally in sync with all this until there is a “toxic” event that allows “germs” to run amok and cause damage.
The “germs” do not attack healthy tissue. Healthy tissue can easily handle all germs.
Pharmaceuticals do not make anyone healthy. They might stop the destruction of healthy tissue but there is always a negative tradeoff.
Please try and always resist the tendency to think binary as that is what TPTB want you to do. Us -them, left-right, black-white, etc.
Cheers!
Two questions for you, Jef, who likes to have his cake and eat it, too.
Do ‘germs’ cause disease?
What are ‘germs’ actually doing when they are ‘germing?’
There is no third way on this one.
simple test Reante. Get a knife and put a decent cut into each of your legs. Not deep just enough to bleed. Now rub chicken sh1t into them. Then clean one of them with soap and water and then iodine and then cover both with a bandage. Let us know whether you get a different result in each leg. Let us know how your terrain differed.
and I double dare reante. 😉
Just cuz Sam Bailey is pretty hot (although she’s popped out some kids so I’d like to inspect the caboose before committing to the hot label … she’d perty … but hot means perty + fit… she could resemble a Plough Hog below the neck)….
Doesn’t mean that she’s right re viruses and bacteria.
We already know how the terrains differ. One has shit in it one doesn’t.
Tom Cowan, who I refer to as the Yoda of the terrain often uses this example that puts the stupidity of germ theory into perspective:
If a pod of dolphins turns up dead nobody goes around taking tissue samples so they can send them off to the lab and see what germs caused the dieoff. They say, who dumped some shit in the water?
But I guess there’s a first for everything isn’t there, niko?
Shit contains germs, I recall from one of my biology lessons.
The guy who pumps out our shit tank was telling me that he got a serious dose of something out of a shit tank and was in hospital for months – nearly died – he had part of his guts removed.
There are some nasty pathogens in shit….
niko – the knife is what is causing the damage. Infection is a healthy response. It is also good to help your body make a healthy response by cleaning the cut, obviously.
You are throwing out terrain theory and “picking” germ.
Not black or white but use your brain.
appreciate you translating for me Jef but how about you add a little life to your 50 shades of grey.
50 shades of grey died the day it was written
My mate’s wife caught Covid the other day and they have both been isolating — he now has similar symptoms and has now tested +. How did he catch Covid. Surely there has been a mechanism of transfer from her to him …
I do not rule out a voodoo doll scenario where she was sick so she wanted company and used the doll to make him sick… by casting a spell on him…
How was the Covid diagnosed, Eddy?
They are both sick – so they took a RAT test and it was +
The covid diagnosis is precisely the point. If the test cannot be used as a diagnostic means, then we are dealing with chimeras, bogeyman and swindlers. In short we are being manipulated by just another arm (the medical one) of the fear industry, in this case the fear of Sarscovidian terrorism.
To me this is only logical: the war on terrorists-commies/nazys-viruses or any other vague/invisible enemy is ever the same big political show of mass communication societies, aiming at the same purpose: intimidation, deception, control.
OK fair enough with the knife causing injury.
The terrain is being made clean again so that an opportunistic bacterium can’t multiply.
How about taking said chicken sh1t and making a lovely stew with it. Now split it into batches. Boil one for an hour and let cool.
Which one is safe/er to drink and why in your point of view. Would your body have a reaction to one and not the other.
How about just getting sh!t in your left eye and comparing how it reacts to your right eye?
Obviously health is important but at some point over exposure to a microbe that can change your terrain can be life threatening.
hang on …
If I slice my arm open with a sterile knife… then apply antiseptic to the wound and wrap it… it will heal without issue…
But if I slice it with a knife smeared with chicken shit … don’t clean or wrap it … I will almost certainly lose the arm….
The knife is not the issue — it’s how clean/dirty the knife is
I assume the terrain theorists accept the existence of bacteria, which can be seen growing through a microscope. It’s the viruses that they are more skeptical of. You wouldn’t east a bowl of cold pumkin soup that has a green sheen on it due to being left on the table for five days, now would you?
And you would want to keep a wound clean to prevent pathogenic bacteria—which are legion—from colonizing that wound, wouldn’t you? Regardless of whether virus exist or not.
https://pubmed.ncbi.nlm.nih.gov/23433007/
In 1900, tuberculosis was the second biggest killer in the USA at 200 per 100,000.
What happened?
https://www.scirp.org/journal/PaperInformation.aspx?PaperID=70106
I haven’t looked into or given ‘TB’ any thought. The mycobacteria in question, like every other living organism in our microbiome, is occupying a specific ecological micro-niche in which it evolved. This bacteria lives because there is, at least intermittently, enough food there. When there is not it goes dormant. The food it eats is polluted, diseased lung tissue. If the nature of the (air) pollution changes, as it has in industrialized countries over the course of industrial civilization, then the bacteria may become much less competitive in the lung microbiome, or decolonize the lungs altogether. Industrialism has decimated the diversity of the human microbiome, and the anaerobic and facultative anaerobic community of life (as well as the aerobic saprophytes like the ‘TB’ bacteria that live in airways) are subject to that pressure too.
Ecologies have turnover rates.
What we need is a terrainer to debate a viruser…
It would be over as soon as the terrainers opening remarks were finished. First truths can’t be debated. Anaerobes (saprophytes) cannot be around oxygenated tissues without being dormant. Aerobic saprophytes also cannot eat healthy tissues. All that microbes can do is eat and reproduce. ‘Viruses’ can’t do ANYTHING because they have no biological functions. There are NO counterarguments any virologist can give.
But how can that be?! Lol.
Magik. No different than 9/11.
I need to understand how it is that sickness can be passed from one person to another… why I didn’t get polio (vaxxed) but I got measles (no vaxx)…
Also why do antibiotics stop infections.
Yes, these are interesting questions. But I don’t think reante is about to give any clear answers to them. He’s too busy showing off how much he thinks he knows to be able to shed much light on anything.
Shame really. The kid has absorbed an encyclopedia’s worth knowledge that he could impress all and sundry with if he learned to communicate it adult style rather than spending so much effort playing puerile word games.
I skimmed through the terrain vid of mark bailey — and I was troubled by his failure to explain the nature of diseases that are attributed to bacteria and viruses….
I have been unable to find clear answers to the various questions I have on this …
Perhaps someone can point me to a definitive presentation … something along the lines of American Moon … that destroys the accepted narrative…
Or perhaps the Terrainers on OFW would be so kind to respond to the questions.
The problem is that some of the Terrain Theory people have tipped over into a kind of fanaticism, and may well end up as crack-pots like the jab everyone crowd.
This often happens when intelligent people are on the margins.
But at least they are not tainted by greed and psychopathy like big Pharma, and there is great value in their perspective, which emphasises a good diet and habits over ever-more dubious drugs and dictatorship of a corrupt health industry.
Tons of info here, FE
https://viroliegy.com/
I am looking for specific answers to the handful of questions I and others have posted over the past few days. TMI
With the caveat that the legitimacy of rejecting a given answer/ theory does not depend on whether we have an alternative answer/ theory, diseases attributed to viruses can be traced to causes as varied as: sanitary conditions, toxins, electrical radiation, poor diet, drugs, parasites, bacteria, stress, etc.
At least that’s what the terrainists sustain, and their theory makes perfect sense to me. Why? Without going any further, because I’m sure that humans have survived for hundreds of thousands of years in the most abyssal ignorance of the notion of disinfection, and not knowing except through experience (with a hin from the nose) that handling fecal matter or decaying meat, or rubbing it on a wound, did not make anyone healthy.
This indisputable fact leads me to believe that if germs, viruses and bacteria were as harmful as advertised by the (interested, mind) manufacturers of disinfectants or vaccines, poor humans would never have survived to the age of chemistry and televised bigpharma ad, since thay would have long been driven out of our sweet ecological spot by these pervasive and supposedly malevolent “competitors.”
Good post Reante, and I haven’t even watched it yet… but I will. The ‘Terrain Theory’ is admirable because it says what we deeply suspect: that we are being lied to. The experts themselves take polar opposite views. The average Joe cannot know much for certain.
https://mobile.twitter.com/NorthmanTrader/status/1513938967812624388?cxt=HHwWiMC-wYrey4IqAAAA
US inflation is really 20% and if you include food and energy it’s 25%
So…the real yield on treasuries is minus 20%…while the dollar is rising
I can’t wrap my head around these things anymore…
This rate of inflation doesn’t sound good!
There’s a breaking point to civil unrest if inflation causes a household to spend so much on their food and fuel bills. I forget the percentage 35% of the family income?
The reason there is no uncontrollable rioting is exactly as you point out — that only happens when the hordes cannot afford to feed.
Only then will Mr DNA assert himself … the fangs are bared… and he does whatever it takes to ensure his billion year mission continues…
But he’s been f7899ed over… fooled by fossil fuels into thinking this party could continue forever…
The ladder rungs have been kicked out … 8B will be gathered on the top rung… like the folks gathered on the stern of the Titanic… he’ll look down and see the dark abyss…
And Mr DNA … will … unhinge… he’ll look for the captain and the officers…. and vent on them first…
Extermination … is necessary.
We had this question here:
“Will the people just sit at home, watch TV and starve?”
I dunno if the vid from Shanghai is CGI…
If the people shout from their appartment, why do they not meet downstairs? Probably anything to eat is much more than a day afoot away. If the situation is just depressing enough, people just kneel down ? hm….
or is it an asian culture thng ?
Remember T-Man Square… that’s why they stay inside…
“or is it an asian culture thng ?”
The rip on Asians is that they are supposedly submissive and obedient.
But never in my life have I seen anything as compulsively and even frantically subservient to authority as what we have witnessed from those rugged and independent New Zealanders and Australians these last two years.
Oh, that indomitable ANZAC spirit!
Paul Keating always insisted that Australia must become part of Asia. Maybe this is what he meant.
Could Shanghai be a beta test for something that the Elder’s would like to see roll out in a city near you?
Or is it a test to see how people react to this kind of treatment.
It is looking like Shanghai is a huge laboratory run by behaviorists with each housing estate representing another cage and the residents as the lab rats.
In any case, it is fair to say that the population of the city has been well and truly Shanghaied.
It would make sense to test it out on a major city … if you can force 25M to do what they are told …
The Coal Lady is also The Cement Lady and she said a 10% price hike on cement is in a few months – that’s on top of a 5% hike a couple of months ago.
BAU ain’t feasible any more
If it was a secular inflation you would be correct, but I believe it’s not a secular inflation, because the elders are savers and savers make huge bank during deflationary spirals and lose huge bank during hyperinflations, and they ain’t stoopid. It’s a transitory inflation. I realize that’s a controversial comment. What we’re in the midst of is just the blow-off top of the 50yr debt supercycle.
As such, only treasuries being sold in order to buy things right now could be said to yield a real rate of -20. In the secular deflation a year from now these same non-TIPS securities will have the same nominal rates but an excellent real rate of return because core inflation will be deep into negative territory.
If it is purely financial, good guess. Problem is there is twice as much finance as stuff, stuff wins in that scenario.
Renante, too many coincidences, oil, copper, Hg, coal, all are in short supply and it costs more to extract stuff than it is worth.
Some stuff will be stranded, there won’t be stuff to make it work or stuff upon which to work. The non stranded stuff will go up.
I put that together from stuff I learned here.
Dennis L
“If it is purely financial, good guess. Problem is there is twice as much finance as stuff, stuff wins in that scenario.” “The non stranded stuff will go up.”
That’s not the whole scenario. That’s just the beginning of the scenario. When the non-stranded stuff goes up the “twice as much finance” — the balance sheets of the world — can no longer buy the stuff that gone up AND service the revolving credit, which causes the finance ponzi to implode, which causes finance to be ‘half as much finance,’ which causes prices to collapse and the elite savers to buy stuff up for pennies on the dollar while rolling over whatever debts they have because they can still pay to play. THEN they can hyperinflate the currency away and, by extension, their debts.
They know when to hold em and know when to fold em.
Besides, high- and hyperinflation pulls demand forward. That’s the opposite of what the Degrowth Agenda has all about.
Hyperinflation is debt forgiveness with consequences. Seems to me that the national socialisms will hit the stage during the hyperinflation because then they can play the debt forgiveness card and nationalized everything that the elites haven’t picked over first, on the down-low, during deflation. End the Fed, issue digital greenbacks rather than fedcoins, for the rationing system, hand out free pot to numb the pain if people are lucky,
Anyway, the proof will be in the pudding pretty soon here.
The Season of Sacrifice is near..
“In every job that must be done
There is an element of fun
You find the fun and… snap!
The job’s a game
And every task you undertake
Becomes a piece of cake
A lark! A spree! It’s very clear to see that
A spoonful of sugar helps the medicine go down
The medicine go down
The medicine go down
Just a spoonful of sugar helps the medicine go down
In a most delightful way”
– Mary Poppins
“Technology – particularly mobile devices and wearables – can make these reinforcements timely. Timely in terms of getting the reward with the right temporal proximity, and also timely in terms of prompting the behaviour at the optimal time for better health outcomes – thereby setting up a behaviour-reward virtuous circle.”
“Indeed, we need to make sure that all interventions using hedonic levers are designed to change behavior in ways that have been proven to improve health and outcomes.”
https://europeansting.com/2019/04/03/what-mary-poppins-teaches-us-about-behavioural-economics/
Micro-manipulation, which is a logical step beyond the macro-manipulation of mass advertising.
But who made these people our keepers?
Such arrogance!
A better and more ethical health intervention would be to ban the nastier junk food – this comment will seem ironic as mass-starvation hits the Core in 2023….
“The current inflation still looks to be a transitory phenomenon”?
http://bilbo.economicoutlook.net/blog/?p=49480
Nice link. That space generated between the trend line and actual line is the feathering mechanism in action. The twisting of the stalled-out propeller blades to the vertical position in order to create drag on the now-gliding behemoth, in order to slow the velocity of the Glide Path, until twisting the blades horizontal becomes necessary again, in order to maintain minimum aerodynamics.The fathering of the flight dynamics is the long-theorized upon Glide Path Option of Collapse,and is performed so as to optimize the impact,. So that the spent fuel pools can be dealt with.
The space between those chartlines is the same as the space between the chartlines on Iranian oil production when accounting for sanctions. Both fall under the same feathering mechanism that is politically-implemented demand destruction created by artificial supply destruction.
Refer to herb stein for how this ends
Lazy comment.
US mint 1 oz. silver eagle coins are now selling for 60% over spot.
Boris must GO!
> Voters are clear: Boris Johnson must go
Sixty one per cent believe the Prime Minister should resign but just 10 per cent believe he will.
In the case of Sunak, 59 per cent think he should resign and 15 per cent think that he will.
News emerged today (12 April) that Boris Johnson, Rishi Sunak and a slew of Downing Street staffers have been issued with fines for breaking lockdown laws.
This is the first time that a British prime minister has admitted breaking the law. Keir Starmer, the Labour leader, has led calls for the resignations of both Johnson and Sunak, the Chancellor, and snap surveys from Savanta ComRes and YouGov suggest that the public wants the same. Cynically (or realistically), however, few expect this to happen.
According to Savanta ComRes 61 per cent of people believe Johnson should resign but just 10 per cent expect that he will.
In the case of Sunak, 59 per cent think he should resign and 15 per cent think that he will.
https://www.newstatesman.com/politics/polling/2022/04/voters-are-clear-boris-johnson-must-go
IN THE NAME OF GOD – GO!
> Partygate: Blow to Boris Johnson as justice minister quits over his failure to resign after Covid fine
Justice minister Lord Wolfson has resigned from the government, saying he could not back Boris Johnson’s response to his fine for breaking Covid laws.
https://www.independent.co.uk/news/uk/politics/boris-johnson-parties-resign-wolfson-b2057439.html
Wolfson:
https://twitter.com/DXWQC/status/1514280176636633090
> My letter to the Prime Minister today.
Extracts:
“Justice may often be a matter of courts and procedure, but the rule of law is something else – a constitutional principle which, at its root, means that everyone in a state, and indeed the state itself, is subject to the law.”
“I regret that recent disclosures lead to the inevitable conclusion that there was repeated rule-breaking, and breaches of the criminal law, in Downing Street.
“I have – again, with considerable regret – come to the conclusion that the scale, context and nature of those breaches mean that it would be inconsistent with the rule of law for that conduct to pass with constitutional impunity, especially when many in society complied with the rules at great personal cost, and others were fined or prosecuted for similar, and sometimes apparently more trivial, offences.
“It is not just a question of what happened in Downing Street, or your own conduct. It is also, and perhaps more so, the official response to what took place.
“As we obviously do not share that view of these matters, I must ask you to accept my resignation.”
The one honest man is leaving government and the law breakers are staying.
Why not just fine Boris? He pays it and every body lives happily ever after.
We will see what happens in May.
The truth is coming out.
> Nikita Timonin is a serviceman of the nationalist Azov regiment. He escaped today from the territory of the Azovstal plant, where the nationalists are holding the defense.
When asked about the use of chemical weapons on the territory of the plant, he replied: “This is a complete lie. There has never been any use of chemical weapons since February 24. Our commanders are trying to raise the world community in this way.”
About the morale of the fighters inside: “A lot of people want to surrender, but they are afraid to run away, I heard that there was a command that everyone who is seen in civilian life should be shot immediately. The commanders are sitting in a bunker and they don’t care about us, they are sitting in a bunker.”
It has been a long time – centuries at least – since the brave leaders and commanders of any army have sat anywhere but in bunkers…and in nice hotels and restaurants .
Yes, that was the least interesting comment that he made.
Hitler once stood on a table in a beerhall, with his oratory unbroken, as bullets flew all around him. Some people are all or nothing people. Obviously I’m one myself. They’re only allowed to be in power at key moments in history. The above incident may have been a manufactured test of his mettle.
If the CEP fails … I could see a Hitler 2.0 character emerging … and leading the hordes against the Elders and others with similar surnames….
Eddy
“LNG is up 4x due to supply constraints (aka peak gas)… I am paying over 3 bucks a litre for petrol (peak oil)… food prices are exploding along with everything else (and were pre Ukekele)….
7 more years? I guess if they can work out how to replenish the energy sources… sure…
Can you explain to me how you decommission a spent fuel pond while you are at it?”
FWIW I expect global GDP to collapse by 75pc or more over the next 12mos. I might be early on that expectation, but I don’t think so. This Round 2 Degrowth Agenda hard decoupling is about destroying demand bigly, in order to stay ahead of the intractable supply destruction due to depletion. So I’m not saying 7more years of BAU, I’m saying seven more years of nation states existing, of civilization existing beyond, perhaps, some hunger games- type city states.
As I said previously, decommissioning the fuel pools requires keeping them from going critical during transport to the Marianas trench or wherever. It’s that simple a concept, but it’s a huge job. They can either use chemical retardants as in the dry casks, or water. All the power stations are on coastlines or navigable rivers. How many rods can a retrofitted cargo ship transport safely? Who knows?
They know, obviously.
It not that complicated, it just a monster job under difficult circumstances.
Don’t back yourself into a corner with your thinking. The elders love themselves their children, too. The very fact that they are obviously, and rationally, going georgia guidestones on the global
population is suggestive of the fact that they care about the future as much as anyone else. To think they would drop the ball on trying to deal with THE Pandora’s Box that industrial civilization opened is absurd if you ask me. YMMV.
Interesting and well thought out scenario. Lacking emotional response to a predicament, looking at possible non nihilistic actions.
Dennis L.
Civilization is in a predicament but family-scale peoples are not at all necessarily in a predicament.
The cream rises to the top. You find it in the bottleneck.
I don’t think that things necessarily collapse that quickly.
no not necessarily 🙂
that was some rate reante diplomacy there lol
rare diplomacy
Tend to agree with your opinion on fuel rods.
The Russian GDP is $4.3T in purchasing power parity…which is equal to the German GDP.
Russia exports 30% of its GDP…mainly energy and commodities. The imports equals 20% of their GDP and are mainly machinery, chemicals and food.
Ukraine’s rich black soil could feed Russia and their industries could provide Russia with chemicals and machinery.
Russia, Ukraine and Belarus could probably scrape together some kind of living.
for awhile, yes, they may scrape by, but the intractable collapse dynamics of complex societies will be hard at work until the job is done.
the future of the human race lies in its ability to move into open spaces.
USA Army General Roger L. Klutjea was handed over to FSB and taken to Russia
https://twitter.com/nmld16/status/1513974129048887298
that is one significant chess piece.