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The years between 1981 and 2020 were very special years for the world economy because interest rates were generally falling:
In some sense, falling interest rates meant that debt was becoming increasingly affordable. The monthly out-of-pocket expense for a new $500,000 mortgage was falling lower and lower. Automobile payments for a new $30,000 vehicle could more easily be accommodated into a person’s budget. A business would find it more affordable to add $5,000,000 in new debt to open at an additional location. With these beneficial effects, it would be no surprise if a debt bubble were to form.
With an ever-lower cost of debt, the economy has had a hidden tailwind pushing it long between 1981 to 2020. Now that interest rates are again rising, the danger is that a substantial portion of this debt bubble may collapse. My concern is that the economy may be heading for an incredibly hard landing because of the inter-relationship between interest rates and energy prices (Figure 2), and the important role energy plays in powering the economy.
In this post, I will try to explain my concerns.
[1] Ever since civilization began, a combination of (a) energy consumption and (b) debt has been required to power the economy.
Under the laws of physics, energy is required to power the economy. This happens because it takes the “dissipation” of energy to perform any activity that contributes to GDP. The energy dissipated can be the food energy that a person eats, or it can be wood or coal or another material burned to provide energy. Sometimes the energy dissipated is in the form of electricity. Looking back, we can see the close relationship between total energy consumption and world total GDP.
The need for debt or some other approach that acts as a funding mechanism for capital expenditures (sale of shares of stock, for example), comes from the fact that humans make investments that will not produce a return for many years. For example, ever since civilization began, people have been planting crops. In some cases, there is a delay of a few months before a crop is produced; in other cases, such as with fruit or nut trees, there can be a delay of years before the investment pays back. Even the purchase by an individual of a home or a vehicle is, in a sense, an investment that will offer a return over a period of years.
With all parts of the economy benefiting from the lower interest rates (except, perhaps, banks and others lending the funds, who are making less profit from the lower interest rates), it is easy to see why lower interest rates would tend to stimulate new investment and drive up demand for commodities.
Commodities are used in great quantity, but the supply available at any one time is tiny by comparison. A sudden increase in demand will tend to send the commodity price higher because the quantity of the commodity available will need to be rationed among more would-be purchasers. A sudden decrease in the demand for a commodity (for example, crude oil, or wheat) will tend to send prices lower. Therefore, we see the strange sharp corners in Figure 2 that seem to be related to changing debt levels and higher or lower interest rates.
[2] The current plan of central banks is to raise interest rates aggressively. My concern is that this approach will leave commodity prices too low for producers. They will be tempted to decrease or stop production.
Politicians are concerned about the price of food and fuel being too high for consumers. Lenders are concerned about interest rates being too low to properly compensate for the loss of value of their investments due to inflation. The plan, which is already being implemented in the United States, is to raise interest rates and to significantly reverse Quantitative Easing (QE). Some people call the latter Quantitative Tightening (QT).
The concern that I have is that aggressively raising interest rates and reversing QE will lead to commodity prices that are too low for producers. There are likely to be many other impacts as well, such as the following:
- Lower energy supply, due to cutbacks in production and lack of new investment
- Lower food supply, due to inadequate fertilizer and broken supply lines
- Much defaulting of debt
- Pension plans that reduce or stop payments because of debt-related problems
- Falling prices of stock
- Defaults on derivatives
[3] My analysis shows how important increased energy consumption has been to economic growth over the last 200 years. Energy consumption per capita has been growing during this entire period, except during times of serious economic distress.
Figure 4 shows the amazing growth in world energy consumption between 1820 and 2010. In the early part of the period, the energy used was mostly wood burned as fuel. In some parts of the world, animal dung was also used as fuel. Gradually, other fuels were added to the mix.
Figure 5 takes the same information shown in Figure 4 and calculates the average approximate annual increase in world energy consumption over 10-year periods. A person can see from this chart that the periods from 1951-1960 and from 1961-1970 were outliers on the high side. This was the time of rebuilding after World War II. Many families were able to own a car for the first time. The US highway interstate system was begun. Many pipelines and electricity transmission lines were built. This building continued into the 1971-1980 period.
Figure 6 displays the same information as Figure 5, except that each column is divided into two pieces. The lower (blue) portion represents the average annual growth in population during each period. The part left over at the top (in red) represents the growth in energy consumption that was available for increases in standard of living.
Figure 7 shows the same information as Figure 6, displayed as an area chart. I have also shown some of the distressing events that happened when growth in population was, in effect, taking up essentially all of energy consumption growth. The world economy could not grow normally. There was a tendency toward conflict. Unusual events would happen during these periods, including the collapse of the central government of the Soviet Union and the restrictions associated with the COVID pandemic.
The economy is a self-organizing system that behaves strangely when there is not enough inexpensive energy of the right types available to the system. Wars tend to start. Layers of government may disappear. Strange lockdowns may occur, such as the current restrictions in China.
[4] The energy situation at the time of rising interest rates in the 1960 to 1980 period was very different from today.
If we define years with high inflation rates as those with inflation rates of 5% or higher, Figure 8 shows that the period with high US inflation rates included nearly all the years from 1969 through 1982. Using a 5% inflation cutoff, the year 2021 would not qualify as a high inflation rate year.
It is only when we look at annualized quarterly data that inflation rates start spiking to high levels. Inflation rates have been above 5% in each of the four quarters ended 2022-Q1. Trade problems related to the Ukraine Conflict have tended to add to price pressures recently.
Underlying these price spikes are increases in the prices of many commodities. Some of this represents a bounce back from artificially low prices that began in late 2014, probably related to the discontinuation of US QE3 (See Figure 2). These prices were far too low for producers. Coal and natural gas prices have also needed to rise, as a result of depletion and prior low prices. Food prices are also rising rapidly, since food is grown and transported using considerable quantities of fossil fuels.
The main differences between that period leading up to 1980 and now are the following:
[a] The big problem in the 1970s was spiking crude oil prices. Now, our problems seem to be spiking crude oil, natural gas and coal prices. In fact, nuclear power may also be a problem because a significant portion of uranium processing is performed in Russia. Thus, we now seem to be verging on losing nearly all our energy supplies to conflict or high prices!
[b] In the 1970s, there were many solutions to the crude oil problem, which were easily implemented. Electricity production could be switched from crude oil to coal or nuclear, with little problem, apart from building the new infrastructure. US cars were very large and fuel inefficient in the early 1970s. These could be replaced with smaller, more fuel-efficient vehicles that were already being manufactured in Europe and Japan. Home heating could be transferred to natural gas or propane, to save crude oil for places where energy density was really needed.
Today, we are told that a transition to green energy is a solution. Unfortunately, this is mostly wishful thinking. At best, a transition to green energy will need a huge investment of fossil fuels (which are increasingly unavailable) over a period of at least 30 to 50 years if it is to be successful. See my article, Limits to Green Energy Are Becoming Much Clearer. Vaclav Smil, in his book Energy Transitions: History, Requirements and Prospects, discusses the need for very long transitions because energy supply needs to match the devices using it. Furthermore, new energy types are generally only add-ons to other supply, not replacements for those supplies.
[c] The types of economic growth in (a) the 1960 to 1980 period and (b) the period since 2008 are very different. In the earlier of these periods (especially prior to 1973), it was easy to extract oil, coal and natural gas inexpensively. Inflation-adjusted oil prices of less than $20 per barrel were typical. An ever-increasing supply of this oil seemed to be available. New machines (created with fossil fuels) made workers increasingly efficient. The economy tended to “overheat” if interest rates were not repeatedly raised (Figure 1). While higher interest rates could be expected to slow the economy, this was of little concern because rapid growth seemed to be inevitable. The supply of finished goods and services made by the economy was growing rapidly, even with headwinds from the higher interest rates.
On the other hand, in the 2008 to 2020 period, economic growth is largely the result of financial manipulation. The system has been flooded with increasing amounts of debt at ever lower interest rates. By the time of the lockdowns of 2020, would-be workers were being paid for doing nothing. World production of finished goods and services declined in 2020, and it has had difficulty rising since. In the first quarter of 2022, the US economy contracted by -1.4%. If headwinds from higher interest rates and QT are added, the economic system is likely to encounter substantial debt defaults and increasing breakdowns of supply lines.
[5] Today’s spiking energy prices appear to be much more closely related to the problems of the 1913 to 1945 era than they are to the problems of the late 1970s.
Looking back at Figure 7, our current period is more like the period between the two world wars than the period in the 1970s that we often associate with high inflation. In both periods, the “red” portion of the chart (the portion I identify with rising standard of living), has pretty much disappeared. In both the 1913 to 1945 period and today, it is nearly all the energy supplies other than biofuels that are disappearing.
In the 1913 to 1945 period, the problem was coal. Mines were becoming increasingly depleted, but raising coal prices to pay for the higher cost of extracting coal from depleted mines tended to make the coal prohibitively expensive. Mine operators tried to reduce wages, but this was not a solution either. Fighting broke out among countries, almost certainly related to inadequate coal supplies. Countries wanted coal to supply to their citizens so that industry could continue, and so that citizens could continue heating their homes.
As stated at the beginning of this section, today’s problem is that nearly all our energy supplies are becoming unaffordable. In some sense, wind and solar may look better, but this is because of mandates and subsidies. They are not suitable for operating the world economy within any reasonable time frame.
There are other parallels to the 1913 to 1945 period. One of the big problems of the 1930s was prices that would not rise high enough for farmers to make a profit. Oil prices in the United States were extraordinarily low then. BP 2021 Statistical Review of World Energy reports that the average oil price in 1931, in 2020 US$, was $11.08. This is the lowest inflation-adjusted price of any year back to 1865. Such a price was almost certainly too low for producers to make a profit. Low prices, relative to rising costs, have recently been problems for both farmers and oil producers.
Another major problem of the 1930s was huge income disparity. Wide income disparity is again an issue today, thanks to increased specialization. Competition with unskilled workers in low wage countries is also an issue.
It is important to note that the big problem of the 1930s was deflation rather than inflation, as the debt bubble started popping in 1929.
[6] If a person looks only at the outcome of raising interest rates in the 1960s to 1980 timeframe, it is easy to get a misleading idea of the impact of increased interest rates now.
If people look only at what happened in the 1980s, the longer-term impact of the spike in interest rates doesn’t seem too severe. The world economy was growing well before the interest rates were raised. After the peak in interest rates, the world economy generally continued to grow. As a result of the high oil prices and the spiking interest rates, the world hastened its transition to using a bit less crude oil per person.
At the same time, the world economy was able to expand the use of other energy products, at least through 2018.
Since 2019, our problem has been that the total energy supply has not been keeping up with the rising population. The cost of extraction of all kinds of oil, coal and natural gas keeps rising due to depletion, but the ability of customers to afford the higher prices of finished goods and services made with those energy products does not rise to match these higher costs. Energy prices probably would have spiked in 2020 if it were not for COVID-related restrictions. Production of oil, coal and natural gas has not been able to rise sufficiently after the lockdowns for economies to fully re-open. This is the primary reason for the recent spiking of energy prices.
Turning to inflation rates, the relationship between higher interest rates (Figure 1) and annual inflation rates (Figure 8) is surprisingly not very close. Inflation rates rose during the 1960 to 1973 period despite rising interest rates, mostly likely because of the rapid growth of the economy from an increased per-capita supply of inexpensive energy.
Figure 8 shows that inflation rates did not come down immediately after interest rates were raised to a high level in 1980, either. There was a decline in the inflation rate to 4% in 1983, but it was not until the collapse of the central government of the Soviet Union in 1991 that inflation rates have tended to stay close to 2% per year.
[7] A more relevant recent example with respect to the expected impact of rising interest rates is the impact of the increase in US short-term interest rates in the 2004 to 2007 period. This led to the subprime debt collapse in the US, associated with the Great Recession of 2008-2009.
Looking back at Figure 1, one can see the effect of raising short-term interest rates in the 2004 to 2007 era. This eventually led to the Great Recession of 2008-2009. I wrote about this in my academic paper, Oil Supply Limits and the Continuing Financial Crisis, published in the journal Energy in 2010.
The situation we are facing today is much more severe than in 2008. The debt bubble is much larger. The shortage of energy products has spread beyond oil to coal and natural gas, as well. The idea of raising interest rates today is very much like going into the Great Depression and deciding to raise interest rates because bankers don’t feel like they are getting an adequate share of the goods and services produced by the economy. If there really aren’t enough goods and services for everyone, giving lenders a larger share of the total supply cannot work out well.
[8] The problems we are encountering have been hidden for many years by an outdated understanding of how the economy operates.
Because of the physics of the economy, it behaves very differently than most people assume. People almost invariably assume that all aspects of the economy can “stay together” regardless of whether there are shortages of energy or of other products. People also assume that shortages will be immediately become obvious through high prices, without realizing the huge role interest rates and debt levels play. People further assume that these spiking prices will somehow bring about greater supply, and the whole system will go on as before. Furthermore, they expect that whatever resources are in the ground, which we have the technical capability to extract, can be extracted.
It is important to note that prices are not necessarily a good indicator of shortages. Just as a fever can have many causes, high prices can have many causes.
The economy can only continue as long as all of its important parts continue. We cannot assume that reported reserves of anything can really be extracted, even if the reserves have been audited by a reliable auditor. What actually can be extracted depends on prices staying high enough to generate funds for additional investment as required. The amount that can be extracted also depends on the continuation of international supply lines providing goods such as steel pipe. The continued existence of governments that can keep order in the areas where extraction is to take place is important, as well.
What we should be most concerned about is a very rapidly shrinking economic system that cannot accommodate very many people. It seems that such a situation might occur if the debt bubble is popped and too many supply lines are broken. There may be a time lag between when interest rates are raised and when the adverse impacts on the economy are seen. This is a reason why central bankers should be very cautious about the increases in interest rates they make as well as QT. The situation may turn out much worse than planned!
Drama as five soldiers collapse during Queen’s Jubilee
Five soldiers collapsed to the ground outside St Paul’s Cathedral on Friday before the royal family’s arrival during the Queen’s Jubilee.
Royal fans cheered as the brave Royal Air Force soldiers got back on their feet following the falls ahead of the Service of thanksgiving, The Sun reported.
The first to fall was a member of the RAF who was part of the military guard of honour lining the steps to St Paul’s Cathedral.
And moments later, a second member of the military personnel on the steps collapsed, but was also able to get to his feet and was helped as a stretcher was brought out.
Both were able to stand and were helped away after their falls.
Sky reported that in total, five members of the armed services collapsed.
https://www.news.com.au/entertainment/celebrity-life/royals/drama-as-five-soldiers-collapse-during-queens-jubilee/news-story/0e5f15077fb8acdae2adb956ca3046dd
Early onset VAIDS
Collapsing military guards have been a long-time occurrence in the UK.
Population Overshoot!? What Population Overshoot?!
A fertility doctor used his sperm to get unsuspecting patients pregnant. Some of his 94 biological children share their trauma in the film ‘Our Father.’
Our Father” tells the story of a fertility doctor who used his own sperm to impregnate patients.
Dr. Donald Cline has fathered at least 94 children.
Cline’s grown children are speaking about the trauma of discovering he is their biological father.
Whenever Jacoba Ballard walks around her small town, she scans the faces of passersby to see if they share her features.
The 41-year-old has 93 known half-siblings, but she suspects there are many more.
“It’s just common for me to pass people on the street, and I’ll look at them,” she said in the Netflix film “Our Father.” She said she studies their characteristics and thinks, “You could be related to me.”
Ballard, who performed a home DNA test in 2014, said she was shocked to discover that her biological father was Dr. Donald Cline, the prominent fertility specialist who treated her mom in 1979.
Ballard, who initially found seven DNA matches at first, launched an investigation into Cline’s actions. Over the past eight years, she has traced scores of his children. Each of them used DNA tests to determine whether the medical professional had sired them, too.
“It’s disgusting,” Ballard said in “Our Father,” adding, “He used my mom as a pawn, and he did it over and over again.”
Cline is among a number of fertility doctors known to have secretly impregnated their patients
Cline’s case is believed to be one of the most extreme examples of a physician using his own sperm to impregnate women without their knowledge or consent.
He told Ballard’s mother, Debbie, that he’d use donor sperm to inseminate her because her spouse was infertile. He told other patients that he’d use their husbands’ sperm, the film showed.
Instead, he would go into his office and masturbate while the women waited in the examination room. Next, he would secretly inject his sperm into the uterus of the future mother.
Ballard decided to track down as many of her half-siblings as possible. She messaged them on Facebook after their names showed up on sites such as 23andMe and Ancestry.com. The case was publicized in the media, and Ballard was contacted by other members of the family.
Ballard spoke with Cline on the phone and recorded their conversations. Excerpts from the calls are played in “Our Father,” and Ballard said they proved that Cline had no remorse.
In one of their interactions, the doctor, who is now retired, begged Ballard to stop cooperating with the media. He said his marriage would “be over” if the attention continued, and that he was “going to be hurt badly.”
In “Our Father,” Ballard said she wouldn’t be silenced: “Bring it on because I’m going to fight you.”
….
Ballard has since become an advocate for survivors of fertility fraud. The rise in the popularity of DNA testing has helped pinpoint some 44 physicians who abused their position to inject unwitting patients with their sperm.
Mister DNA wins again!!! Fast Eddie …must be free…born free.
Population control will never work…
Based on DNA evidence, we know that historically the number of women who are mothers greatly exceeds the number of men who are fathers. A few high status men were able to impregnate a lot of women.
The idea of one man for each woman in marriage is (indirectly) a way of reducing the number of babies born because the majority of men will not be able to afford to support a baby. Even limiting men to four wives is helpful in this regard.
I’m in the wrong Profession…
Genghis Khan and his men left a DNA legacy footprint over much of Asia!
Kill all the men and male children and impregnate the woman…
The 11 fathers of Asia: 800 million modern men are descended from a handful of ancient leaders – including Genghis Khan
Scientists from the University of Leicester traced DNA in modern men to ‘founding fathers’ that lived across Asia between 1300BC and 1100AD
The geneticists traced each the eleven lineages back to their potential roots in the Middle East, India, China, Mongolia and south east Asia
They analysed Y chromosomes from 5,000 men from 127 populations
16 million men are thought to be directly descended from Genghis Khan
1.5 million are descended from 14th Century Chinese leader Giocangga
By RICHARD GRAY FOR MAILONLINE
Writing in the European of Human Genetics, he said: ‘High reproductive success is often associated with high social status, ‘prestigious’ men having higher intramarital fertility, lower offspring mortality and access to a greater than average number of wives.
‘Those with recent origins in the historical period are almost exclusively found in Altaic-speaking pastoral nomadic populations, which may reflect a shift in political organisation in pastoralist economies and a greater ease of transmission of Y-chromosomes through time and space facilitated by the use of horses.
‘New social systems and economic adaptations emerged after horse domestication.
‘Horse-riding greatly enhanced both east–west connections and north–south trade between Siberia and southerly regions, and allowed new techniques of warfare, a key element explaining the successes of mobile pastoralists in their conflicts with more sedentary societies.’
One of the male lineages that have come to dominate in Asia appears to have originated from one of the empires that sprung up along the Silk Route, depicted here in this Catalan nautical map from 1325-1387
https://www.dailymail.co.uk/sciencetech/article-2930277/Eleven-fathers-Asia-800-million-modern-men-descended-ancient-leaders-including-Genghis-Khan.html
Please note of the great Khan
He had no use for cities,…. he had no use for farmers…..
The latter of course leads to the former
He was a follower of Mongolian shamanism.
He was quoted as saying his goal was to be able to ride horse across any former city sacked by his hordes without his horse stumbling….
He lived on horse flesh and milk products.
Comanche, Mongol, Hun, Border Revier……all other cultures were simply pretenders
That is the future of our species over 2/3 of our planets surface essentially forever
Something is not right about this picture. Australia is experiencing nearly all its deaths after endless boosters and Pfizer’s supposed wonder drug are available and with the least pathogenic variant. Roughly three-quarters of the country’s COVID deaths occurred since Omicron predominated in December and after boosters were in ubiquitous use, especially among the most vulnerable. Also, rather than a straight up-and-down curve, the deaths seam to be meandering endlessly and out of season. Why? Anyone interested in studying this?
https://www.conservativereview.com/horowitz-covid-hospitalizations-australia-2657453020.html
The fact that Australia is experiencing more deaths post-boosters and with the least pathogenic version is very disturbing.
https://www.conservativereview.com/media-library/image.png?id=29932334&width=740&quality=80
The positivity rates from Walgreens testing get progressively worse over time based on the number of doses, with the triple-vaxxed faring the worst.
https://www.conservativereview.com/horowitz-covid-hospitalizations-australia-2657453020.html
@DowdEdward
Conservative Review (https://www.conservativereview.com/horowitz-covid-hospitalizations-australia-2657453020.html)
Horowitz: Just 1 known unvaccinated person hospitalized last week in Australia’s largest state
When we started to see the negative efficacy of the shots late last summer, we thought that by now the vaccines would have been …
I would be cautious about the interpretation of the data on the hospitalizations of Australia’s largest state. Evidently, there is a lag between the time a case is reported and the time when a person’s vaccination is know. The chart shown says that there were 14 deaths in the unvaccinated category. The chart also shows that there were 121 cases out of 474 cases (or 25.5%) where the vaccination status was unknown.
You really need data for past weeks that has been updated to reflect actual vaccination status.
I did find some interesting charts when I clicked through. I am always somewhat afraid of using someone else’s chart, however, for fear that they have made mistakes in their analysis. One chart shows that first quarter 2022 excess deaths are on track to be about equal to first quarter 2021 excess deaths.
http://thesaker.is/michael-hudson-interview-with-the-newly-founded-german-magazine-vier/
Michael Hudson in depth interview on how the USA is manipulating Europe.
I Stand With Russia.
Thanks! This is a written version. It is a little easier for me to read parts of it than to listen to the whole long lecture.
Hudson has a very negative view of the way the US conducts it affairs. This is an excerpt:
http://thesaker.is/grief-days-with-changes-in-narrative-or-why-trolls-are-doomed/
in the EU, the 5 stages of grief:
Denial
Anger
Bargaining
Depression
Paying in Rubles
LOL!
Bravo, excellent David!
I know I should limit my hot shower to 2 minutes; I know I should limit myself to one meal a day; I know I should limit all unnecessary consumption but I simply cannot do it.
I am not convinced that limiting consumption helps very much. “Demand” is what is needed to keep prices high enough to allow the whole economic cycle to continue. People with income need to keep buying things to keep the system from collapsing.
You should limit nothing … because you can be sure that others are not … they are taking as much as they can …
So instead you should take too — longer hotter showers… buy more …. live larger… run up debt if you really want to get as much as possible…
It’s the human way.
MORE defines us
No point at all in personal austerity, I agree, as it cannot alter or improve the macro-picture one little bit.
I have denied myself whole-house heating over the last few years, with the aim of toughening up, not to ‘save the planet’: it worked, and the degree of cold which once made me miserable I barely notice now even though I’m not a fatty.
I now know the limits, and when heat really IS necessary to stay healthy.
A pageant to the techno ‘gods’ (metaphorically speaking). Enjoy them while you can be one with them.
Drum Machine God reigns supreme.
all hail the mighty DMG.
I am one with the drum machine.
All hail the machine and life.
Even hoomans. (Despite: 🙈🤦♀️🤦🤦♂️)
Drum machine? When do you think you are, 1990?
‘It uses a drum machine!!!!’
All hail 1970s drumming – but not disco, burn the disco.
Play something kosher!!!
The German excellent drummer Jaki Liebezeit of the band “Can” once was asked (besides him of course):
“Who in your opinion is the best drummer in the world?”
He replied:
“The TB-303 because it can keep the perfect timing”
555’s for the win.
🥳👍👍
Here is what i consider some very important information.
Its subject is the unfolding of many of the world events we are witnessing from the perspective of a economics professor. The professors name is Michael Hudson. I know on this blog we analyze macro events from a energy perspective and his analysis is devoid of that so it is probably incomplete. Never the less I feel his analysis has great value.
I think I have mentioned that i feel divisiveness is a great threat to our communities. Largely I feel this is a function of propaganda where both sides are fed lies that fit whatever side the individual has been conditioned to empathize with. Whenever facts are brought forth that contradict the dogma of the particular dogma stream aggression is generated as a function of the false justice of that particular propaganda. We see this on this blog as some individuals unable to engage in logical analysis. They attack when their dogma is questioned. This adds to the very dangerous situation we are in. All propaganda streams incorporate a deceitful association of self with the dollar/euro the lie being its how it is used that matters. When people encounter this uncomfortable cognitive dissonance they can only attack “the other” repeating the propaganda like mima birds. I hope we can navigate these troubled times but IMO it will take people having a open mind and a commitment to real justice. Im not sure that people have that much character. That doesnt really matter. Greed will not continue to yield rewards in the future. No matter how much energy is put into compliance with greed based motivation the rewards will grow smaller and smaller. Continuing to put energies into false justices- will progress into ongoing conflict that is desirable for the elite. The smaller rewards will of course be attributed to the “them” of the particular propaganda stream as a escalation of conflict. I know the word elite is often used in propaganda but a more appropriate word escapes me. Getting old.
We are all attracted to analysis that matches our personal paradigm. I am no exception. This analysis matches much of my life experience. In particular having a career in heavy industries i watched for 40 years the process of a changing guidance. In the beginning those overseeing had genuine desire to increase productivity and build teams. This started changing to being only interested in financial metrics as being largely a function of stock price until that was all that mattered. Integrity and the overall benefit of the business to the community both local and international was sacrificed. I saw this across multiple corporations and industries. Now what passes for accountability to our communities and environment is distorted and warped playing to the elite and the divisiveness. Whatever dogma you subscribe to I hope you watch this video in full and see if it matches your observations in life. Things look very bleak here in the USA. I feel strongly if we are going to have any chance of building some sort of integrated community we must put our greed and divisiveness aside. The propaganda and conditioning is intense. We must learn to put our energies into life. We have that capability. It is our birthright.
https://www.bitchute.com/video/uwzljGyQANYn/
I want to look at this video. Michael Hudson does have some very helpful things to say, IMO.
Hudson is one of only half a dozen true economists in the world. It is not a surprise that he holds professorships in Chinese universities. You might be happy to know that one of those selected few, Sergey Glazyev, now runs the economy in Russia.
Thank you very much for this fine and soulful remark.
“Greed will not continue to yield rewards in the future”
As discussing with a friend talking about new ways of thinking growing slowly in the population we had different opinions about “density”
I quoted a book: Scale: The Universal Laws of Life and Death in Organisms, Cities and Companies
I have not read it because I saw quite a long youtube lecture on the topic by the author and with my background I got (?) the message.
I said, that to form some alternate community, you need to have a minimum density. I bet that also relates to Gail’s view abut “to have a complex system running, all parts need to be running”. It is very difficult for example if you have to walk 10 km a day to get milk or eggs.
In Austria there are many groups trying to build a new education system for example but it is very difficult to organise several children to come to a single place in a radius of 50 km.
The synthesis being that a city is two things: first it raises density to reach a certain civilizational degree and second it offers some higher paying jobs formerly in industry and now in services (referencing the topic of greed finally).
So as Gail might put it: If and only if we may be in charge of reorganizing some sort of society aka disspative structure we must find a way to overcome the density problem (that also appplies to transporting goods to concentrations of people).
With less energy available, there necessarily have to be fewer big cities and less concentration of energy. More children have to be taught at home. Workers need to work from home, if it is feasible to do so.
Geoffrey West in his book Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Companies talks about both good things happing, as cities scale up (more social interaction, more new ideas, savings in energy required to get from place to place, average wages) there are also more bad things (crime, transmission of disease, wage disparity). Energy consumption of the right types (requiring food transportation and storage) is required for cities to form.
“Covid vaccinations for children under age 5 to begin as early as June 21, White House says”; Ashish Jha, Fauci, Francis Collins, Walensky, CDC, NIH, all know this is criminal; healthy kids will die!
https://palexander.substack.com/p/covid-vaccinations-for-children-under?s=r
There ya go norm… happy times huh.
Total insanity. There are many medical experts who have been silenced who have said anyone under 20 years of age should not be vaccinated for Covid. They are nearly ZERO RISK.
Of course it’s not just one jab but repeated mRNA jabs for those children. Insanity.
The Ministry of Health nurse told me they offered some protection to children – even after acknowledging the Johns Hopkins study – 48,000 kids with covid – 0 had serious illness.
THIS is what we are dealing with. Zombies. norm and mike are also zombies
As resources get scarce , social darwinism will return with a vengeance.
The Triangle Fire in 1912 was a famous incident, where the owners of the building did not pay a penny and were cleared of all wrongdoings.
That was Civilization. The judge and the jurors knew the value of civilization, and also valued the lives of the immigrant women who burnt to death were, I have to say, worth next to nothing.
The dead was paid $75/person (about $1,500 now), while the owners collected $400/dead.
That is how it worked back then, and that is where we are going back to. With reduced resources, the value of humans will skew rapidly to the top.
Designed to Cross the Placental Barrier: Pregnant Women Were Lied to – Dr. Naomi Wolf
They touted “safe and effective” and that the contents of the shot couldn’t possibly cross the placenta, “but they knew prior to this that the things they were putting in the vaccines crossed the blood-brain barrier, and thus crossed the placental barrier. They knew.”
truthsocial.com/@VigilantFox/108413946581442062
“This Interview’s Over” – Matt Walsh Makes Democrat Rep. Squirm With Basic Biology Questions
“I just wanted to know: what is a woman?”
“And you’re not gonna find out.”
@VigilantFox | Rumble (https://rumble.com/v177ths-this-interviews-over-matt-walsh-makes-democrat-rep.-squirm-with-basic-biolo.html) | ReTruth (https://truthsocial.com/@VigilantFox/108414604710030869)
“Women under 40 are increasingly dying of a sudden killer disease. Blood clots can occur in people of any age and strike those who are seemingly fit and healthy”
https://nypost.com/2022/05/31/urgent-warning-to-women-under-40-after-sharp-rise-in-sudden-killer/
We are going back to the days of The Tree of Wooden Clogs
https://en.wikipedia.org/wiki/The_Tree_of_Wooden_Clogs
> When spring comes, the father from one of the four families cuts down a tree to make wooden clogs (an alder, aimed in the title because its wood was typically used for this kind of handwork[2][3]) that his son can walk to school, but the landowner discovers this, and the family is forced off their land by the incensed landlord. The remaining families watch them go, praying for them and recognising their own fragile existence.
The landowner will have absolutely zero mercy on the tenants. At least this Italian landowner was nice enough to not cut off the feet of the boy. My great-grandfather did (and, of course, not punished.)
Prelude to being skinned alive? The hordes seem not to pleased with their masters… when BAU goes… the guards walk away… then what?
https://t.me/TommyRobinsonNews/36241
Better UEP huh
Jacinda Ardern visits the offices of BlackRock
During her visit to the US prime minister Ardern took time out to visit the big city offices of BlackRock in New York.
BlackRock is an American multinational investment management corporation. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with US$10 trillion in assets under management as of January 2022. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
The Global Head of BlackRock’s Investment Stewardship team of 31 specialists based in five key regions internationally is Kiwi Michelle Edkins. On her LinkedIn page she says her work includes engaging companies on how well they manage the significant environmental and social impacts of their businesses.
“In addition, I am an active participant in the public corporate governance debate and regularly speak and write on the importance of good stewardship for company performance,” she states. ” I am a member of BlackRock’s Global Operating, Human Capital and Government Relations Steering Committees. I am involved in a number of public and private initiatives in the field of corporate governance and stewardship.”
https://thebuzz.nz/jacinda-ardern-visits-the-offices-of-blackrock/
Consider this … most MOREONS believe terrorism is despicable… even if you try to explain to them most terrorism is carried out by oppressed people – even if you explain that the founders of America were terrorists….
They will also believe it is ok to bomb the f789 out of countries who did absolutely nothing to deserve being bombed back to the stone age…. terrorizing entire populations….
After the bombings they even take to the streets chanting USA USA….
hahahahaha
California officials install devices to limit water flow at homes that use too much
June 3 (UPI) — Crews with a Southern California water district have started installing devices to limit water flow at homes that use too much water.
The Las Virgenes Municipal Water District, which serves communities in western Los Angeles County including Calabasas and Agoura Hills, has installed four water flow restrictors since Wednesday, KABC reported.
The device, about the size of half a dollar, reduces the amount of water a home can use by a “considerable amount” and would remain in place at each home for at least two weeks, according to the outlet. Those who remove the devices will be fined $2,500.
Mike McNutt with the Las Virgenes Municipal Water District told KABC that he hopes the devices will show residents that officials will not tolerate residents using too much water during a severe drought.
“We had 20 and we dwindled down because, of course, there was people at the last minute that were saying we want to sign this commitment form so we only installed four,” McNutt said.
https://www.msn.com/en-us/news/us/california-officials-install-devices-to-limit-water-flow-at-homes-that-use-too-much/ar-AAY3Ake?ocid=msedgntp&cvid=91bdc9488dee4ee2b2c90897a51f812d
Cutting off water to lower income areas will be more effective
How much dat cost to install????
Prime minister known to take unmasked photos with 96-year-old Queen Elizabeth but masked with own wife
https://americasfrontlinenews.com/post/canada-government-vaccine-propaganda-fails
hahahahaha…. fake war fake war fake war….
This should shatter the mass psychosis … but it won’t
Enjoy!
https://youtu.be/f0lwI8UbHug?t=162
As Russia heads toward victory after all, Ukraine’s imagineers put out fake videos of Russia “losing”
That stubborn gap between reality and propaganda just keeps on getting wider over there (as it’s also doing over here)
https://markcrispinmiller.substack.com/p/as-russia-heads-toward-victory-after?s=r
Strange situation!
‘How could this happen to someone who’s done all the right things?’ Tennis player back in action after ‘shocking’ cardiac arrest
CLEVELAND — Julie Brizard is a competitive athlete. She always has been.
“That’s just me,” she said. “I like to be moving.”
The Novi, Michigan woman works hard to be the best in anything she does. Despite living an active lifestyle and being out on the tennis court four to five days a week, the mother of two experienced something she never saw coming in January 2020.
“I remember having a wide open crosscourt forehand that I mean I will hit 99/100 times as a winner and I missed it by 20 feet which is just crazy, and I looked back at my partner and I said ‘God, I’m so sorry.’ And that was the last thing I remember,” said Brizard.
She woke up from a coma days later confused.
“When my husband came in, I looked at him and I go,“who hit me?” because I thought I was in a car accident,” she said. “There’s just no way on God’s green earth I would have ever guessed that I would have collapsed in a sporting event.”
Brizard learned that she suffered a sudden cardiac arrest while playing tennis. Doctors who happened to be at the club saved her with an AED.
“Super traumatizing, obviously, for the people around because, like, if this kind of thing could happen to me, it’s going to happen to anyone,” she said. “I’m in perfect shape. I don’t have any issues. Nothing. I’ve never been sick. I don’t even take Advil.”
None of it made sense to Brizard. Her doctors in Michigan prescribed her medication and put an implantable cardioverter-defibrillator (ICD) in her chest.
“I’m struggling because, do I accept it still?” she said. “I still have moments of ‘why me?'”
Brizard said she felt angry and embarrassed. She had no diagnosis and needed to understand why this happened to her.
“Being an athlete, exercising my whole life, pushing myself, having this event happen and no good reason why. Because I did all the right things. There had to have been something else,” said Brizard.
Bob Odenkirk Details Heart Attack on ‘Better Call Saul’ Set, Says He “Started Turning Bluish-Gray” and Had No Pulse at One Point
The actor, who was taken to the ER after the on-set medical emergency in July 2021, said he had a history of plaque buildup in his heart that was the cause of the incident.
February 9, 2022
https://www.hollywoodreporter.com/tv/tv-news/bob-odenkirk-heart-attack-better-call-saul-1235089938/
More https://markcrispinmiller.substack.com/p/vaccidents-will-happen-everywhere?s=r
Vaccination programmes had not started in January 2020. People always have had heart attacks. I new a young guy who died suddenly in his sleep about 10 years ago. No obvious cause.
At the start of the week gas prices where I am located were $4.49 a gallon and now today at the end of the week gas prices are $4.99 a gallon. This happened in a matter of 5 working days.
This is the quickest rise in gas prices I have ever seen here in the US. I don’t think most people can handle this rise in gas prices due to the driving culture we have here. If this price rise continues then there is going to be serious economic/financial problems within the next few months. I don’t see how the system can sustain these types of price increases without the bottom falling out and people start to riot here in the US because they can no longer drive to work or buy other essential goods.
If only we had $4.99 fuel in the UK, we have now gone above $10/gal!
Bear in mid that the buying power if a £ in the UK is the same as $ in the USA, then we’re talking the equivalent of a $12.50/gal hit on the pocket here in the UK
i weep for you
here in uk diesel is around £1.85 ish a litre having had 2 rises of 2p in the last 5 days. Can’t work that out in US gallons, but it must be around £8–£8.50.
I darent look at the forecourt board as i drive past it these days
the USA has burned through its cheap fuel on the promise that the supply was infinite. The planet was stripped out and looted for 2 centuries, The USA assumed rights to it all. And still does. (the American way of life is non-negotiable?) Brilliant bit of politico/economics there.
i often used to wonder what the final slide down the energy cliff would look like
no–people will not be able to live with this, the ‘system’ cant sustain itself under such pressure—at least thats the way i see it.
i might be wrong, but can’t see how.
Yes, I was thinking about this today because so many people here have to drive to work and in many cases that could be 10 miles, 20, 30, 40, or more on a daily basis. I have co workers who have a round trip of 80 miles to work. I don’t think they can handle these prices for long. Not to mention the increase in prices in other goods.
Things are starting to really accelerate now in the US and not in a good direction. Of course, I am not surprised but I imagine the regular person is going to be in a lot of shock and pain soon.
Time to unlock pension funds and blow the $$$ on petrol
In Edith Wharton’s book The House of Mirth, Lily Bart, who is set to get a pension for $10,000 (about $500,000 worth now), is given a restriction to not touch it for one year.
She dies near the end of the book by a drug overdose. (The author deliberately set the plot up to make it unclear about that being her intention.)
The person who gave the inheritance knew Lily would not make it a year, so restricted the money.
Such measures will be given to those who want to withdraw their pensions earlier.
‘Pensions’ are now, obviously, just an illusory carrot and pacifier for the ignorant.
Some people are saying that annuities are the thing to trust, as they have historically never defaulted, even if the rates are low – what tripe!
It will be conformity in return for UBI, or extermination/exclusion.
I try to “hammer it” to a friend to try to make some life changes. He said: No, I will just sit it out to my pension.
Well, I have a bridge to sell him but I can not sell it because he does not want to hear it.
mirror might say all changes are futile. That is true for life having an end anyways.
But the lifes of our inheritants of the earth? ….
I am not convinced that life changes make any difference. We need to enjoy what we have now. Our current economic situation is disappearing, regardless of what we do.
I suppose that there are a few people who decided long ago to somehow produce what they need for food and fuel who might have a little success, but at this late date, the issue is pretty much out of our hands.
Pizza and beer pizza and beer… when the end of the world is nigh it’s pizza and beer
it seemed a good idea to site jobs schools homes and shops as far away from each other as possible—but that was when fuel was cheap. We could all live in nice homes in green spaces a long way from nasty factories.
I’m as guilty of that as anyone else.
as i keep pointing out, Biden is the first potus never to have promised ‘growth’–at least as far as i know. At least grant the man credit for that.
expectations have outrun current and future reality—-virtually no one can accept that. Biden knows something of what the future is going to be like.
Like the rest of us, he’s on a wing and a prayer.
so when the cost of energy actually passes the point of affordability, like now, the conspiraholics have no answers, except MAGA–and blame somebody else for the planet being finite.
It’s all a plot hoax and conspiracy—so politicians who repeat that kind of nonsense get elected—which is only fundamental human nature. Which is why come 2024 the USA I think will go ‘right wing nutter’ again.
After that–it’s anybodys guess, and not pleasant I think
No one dares let the huge population know what is actually happening. They need myths that they can feed to the population, through the Corporate Controlled Media.
i agree
but if corporate controlled media said–(eg) after 2026 the USA will be unable to feed itself
can you imagine the utter chaos?
conspiracists would go crazy
as i keep pointing out, Biden is the first potus never to have promised ‘growth’–at least as far as i know. At least grant the man credit for that.
hahahahahahahahaha… mike — you have competition for most ridiculous comment ever on OFW
can i enter one please:
”The moon landing was faked.”
That should get a prize i think
yes that should get the Best Movie Ever award at Cannes….
i heard they needed stunt doubles
someone who could pretend to hold his breath while out on the moon surface
“the USA has burned through its cheap fuel on the promise that the supply was infinite.”
In the US we have a stupid trend that has taken hold the last several years and that is people ordering food to have it delivered by others. One company in particular called “DoorDash” has drivers who are paid to get stuff for others and deliver it to people who are too lazy to get it themselves. During cheap fuel times, I could see it being a challenge for someone trying to make a living from this. Now with fuel prices at least double, I can’t see why anyone would want to ruin their vehicle to deliver stuff to lazy people.
If the delivery vehicle can lay out a pattern of deliveries in an efficient way, paying for delivery can be far more efficient than driving a vehicle to a restaurant to pick up the food and back again.
Also, not everyone has their own vehicle. The savings in not having a vehicle can be very significant.
I wonder how fuel prices are impacting delivery people and uber drivers…. blood bath bottom lines?
I ran into a few Uber drivers. In fact I serviced a vehicle for an Uber driver and that was a few years ago and he told me it is tough making money. He has to try and get multiple fares in order to make any money and that it’s tough trying to time it where you can get several people in the vehicle. So it’s not easy and lately Uber and Lyft drivers have been feeling the pinch and both companies having no option but to raise its fares.
I defer to CTG and the simulation theory … I have long wondered why anyone would drive for Uber… once all expenses are factored in they apparently do not even make minimum wage…
It could be because the simulation calls for it — or maybe they are simply Extremely Low IQ ELIQ… MOREONS….
Or maybe they believe an Uber driver is a high status job – cuz Uber
FE, with relation to simulation and Uber, there are many unexplained things happening. In my country, I don’t recall any new power plants being built but we have electricity everywhere. In China, water is so scarce but you still have water flowing.. fishes are depleted in the world but we have seriously plenty in our market. There are shops and businesses that is serious not economical to operate but is there for years (no, it is not a money laundering front). I have been to foreign countries like South Korea; the have way too many petrol stations yet they are still operating. Nice and trendy cafes with expensive that are located in the middle on nowhere and few customers to sustain their business…
It is like “being out there to populate the simulation”
In the UK the food deliveries are done by bicycle.
It’s all you see in the cities. Boarded up shops and young men cycling around delivering McDonalds to lazy pigs who can’t even rouse themselves to collect their own junk food.
all gets back to the ‘surplus’ thing
as long as surpluses are available, they will be
misused
then when they are not available, the screaming will start in earnest.
This is one data point we can confirm is real — we can see the price at the pumps… we see the charge on our card… we pay the card off at the end of the month (or pay 20%+ interest).
Verdict – Real.
https://youtu.be/f0lwI8UbHug
have fed your comment into google translate eddy
it’s taking a while
will let you know as soon as an answer comes out
I see WTI is a $120.26 per barrel. It hasn’t been this high in a long time. Brent seems to be at $121.28.
The prices of lots of things keep rising.
The bat mobile will need refilling today — I am hoping premium fuel has lifted off the 3.30 I saw yesterday — 3.50 would be most welcome. Cuz it means Extinction is knocking on the front door
Sorry, they will have to walk.
IIRC….I paid $3.79 per gallon back in 2007…. when oil/fuel prices spiked…..
Awhile back we were at a small gathering … Dr Bob was there … and he left early and I noticed he didn’t drink any booze… (he normal knocks back the beer aggressively)
I mentioned to this to the host and asked if he was off the booze – nope — he had a big session a couple of weeks before and was down really hard for days afterwards.. seems that drinking episode triggered some sort of heart issues so he is off the booze and getting extensive testing to determine what the cause is…
Interestingly I was discussing my mates with the vax damaged hearts with him earlier … he was more concerned about ‘long covid’ because the vax injuries are rare…
I wonder if he connected the dots… have not heard what the outcome of the heart tests were… he’ll be fully vaxxed and soon require the 4th shot … let’s how how powerful the mass psychosis is with him.. will he dismiss the vax as the cause and shoot that 4th – potentially fatal shot?
I am tingling with suspense!
Genetic data indicate at least two separate monkeypox outbreaks underway, suggesting wider spread
The Centers for Disease Control and Prevention said Friday that new genetic sequencing data indicate there are at least two distinct monkeypox outbreaks underway outside Africa — a surprise finding that one official said suggests international spread is wider, and has been occurring for longer than has been previously realized.
Three of 10 viruses the CDC has sequenced from recent U.S. monkeypox cases — two from 2021 and eight from 2022 — are different from the viruses that have been sequenced by several countries involved in the large outbreak that is spreading in and from Europe. That outbreak is currently being driven by infections in gay, bisexual, and other men who have sex with men.
While the three divergent viruses are clearly linked to one another and have a common ancestor, they also differ more from one another than do the other viruses, Inger Damon, director of CDC’s division of high-consequence pathogens and pathology, told STAT in an interview.
https://www.statnews.com/2022/06/03/genetic-data-indicate-at-least-two-separate-monkeypox-outbreaks-underway-suggesting-wider-spread/
BAU is clinging to the edge of very high cliff… we need something to happen soon…
Monkey Pox – Devil Covid … either one works for me….
We don’t want BAU’s fingernails snapping sending him crashing onto the rocks…cuz:
Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism Murder Rape Disease Cannibalism
Elders don’t want that cuz – skinned alive
Remember in Iraq when they got hold of those blackwater contractors – might have been in Mosul… if I recall they dragged them alive behind vehicles till they were nothing more than ground up meat and bones…
Angry humans are dangerous … and usually irrational… big groups of them are a problem…
Speaking of Iraq:
Worrying outbreak of ‘nose-bleed fever’ as disease spreads at alarming rate
Iraq’s worst-ever detected outbreak of Crimean-Congo hemorrhagic fever is causes people to bleed to death as officials struggle to contain the virus
A “nose-bleed fever” has infected around 120 people in Iraq as health authorities warn of an escalating spread.
The tick-borne virus, called Crimean-Congo hemorrhagic fever, is not new but has been spreading in the country’s southern provinces at an unprecedented rate, causing severe haemorrhaging in patients.
Iraq has now recorded around 18 deaths since the beginning of 2022, but almost half of this year’s cases and one-third of the deaths recorded have been in the past two weeks, which has raised the alarm over the pace of spread.
Patients become infected with the virus following contact with the blood of infected animals, often following the slaughtering of livestock.
https://www.mirror.co.uk/news/world-news/worrying-outbreak-nose-bleed-fever-27112701
Murphy’s Law applies to all those with VAIDs (all the injected MOREONS)
I wish them much suffering
Highly vaxxed Taiwan:
https://ourworldindata.org/explorers/coronavirus-data-explorer?facet=none&Metric=Confirmed+deaths&Interval=7-day+rolling+average&Relative+to+Population=true&Color+by+test+positivity=false&country=~TWN
URGENT: Death rates are soaring again in highly vaccinated European countries
All-cause mortality is spiking – right on schedule, three-plus months after booster mRNA shots – and mostly in the elderly, the most highly boosted group. It’s getting hard to see this as coincidence.
Only months after suffering a huge and unexplained increase in their death rates in the fall of 2021, many Western European countries are seeing a new spike.
The increase includes some Covid deaths but is not limited to them. Several countries now have death rates more than 15 percent above normal, an extremely unusual event – especially since demographers expected death rates to fall as Covid eased.
The spike last fall came a few months after near-universal Covid vaccinations. This spring’s rise comes on the heels of third-shot “booster” mRNA jabs that were far more common in Europe than the United States.
Notably, while last fall’s increase encompassed adults of all ages, this one is taking place mostly in the elderly, who were the focus of the booster campaign.
The excess deaths are occurring in countries that currently have large waves of Covid, like Portugal, and in those that do not, like England.
England and Wales have had 45,950 deaths in the most recent four weeks (through May 20), compared to the five-year average of 39,716, according to Britain’s Office of National Statistics. That’s more than 6,000 extra deaths, a 16 percent increase.
https://alexberenson.substack.com/p/urgent-death-rates-are-soaring-again?s=r
VAIDS?
Please fast, stick to the issue and cut the vax crap.
Yes, please FE.
The vaxxed are vaxxed. Why should we bother. The have all the best doctors in the world telling them it is safe and effective. There exists probably a million onlie sites where FE can bathe in vaxx crap.
He seems to enjoy pouring the turd on our fine OFW garden…
A propos: FE 6000 does not even make a dent.
Before we have 3 more 0’s these messages are simply waste of time. Seriously. And we do not have three more 0’s. Compende?
Did you not know that the ‘vaxxes’ are a direct response to peak cheap energy — yep they are what the Elders are doing so that you don’t have to deal with being murdered, raped or eaten.
norm you don’t have to worry about being raped or eaten.. cuz a geriatric in diapers is just not that appealing.
Let’s have another look https://www.headsupster.com/forumthread?shortId=220
And shifting away from the response to peak oil and extinction …
It’s time again for … crazy monkey noises:
https://youtu.be/-JUhUI_KvUI?t=11
This is one of my favourites
https://youtu.be/jqIaqVD6hcc
Oh no – check it out https://t.me/TommyRobinsonNews/36284
Italy – you also know how this story goes…
It’s the same whichever country, state or province you choose. The cure is worse than the disease.
https://metatron.substack.com/p/italy-you-also-know-how-this-story?s=r
https://substackcdn.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%2F5fef8c97-33d6-4636-a831-28c455040e85_2602x1952.png
https://substackcdn.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%2Fb7a7b303-9c4f-4b24-a1e5-f59bb7430191_2602x1952.png
https://substackcdn.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%2F2dd2f155-7260-43ec-8812-5a0e43fb479a_2587x1952.png
https://substackcdn.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%2F894fa4ed-61ef-4d0b-8c9d-9d2b67b0c44c_2602x1951.png
Appreciate your contributions FE!
We just had 75% of the population have a very dangerous experimental gene altering substance injected in them. IMO straight up MIC experiment. DEATH JABS 2020. NEVER FORGET.
In Portugal according to official data, more people died this May than in the last 40 Mays. With 1500 deaths above the average of the last five years for the same month. Of these 1500 additional deaths, the government attributes 800 to “covid”. I would say they’re being extremely modest.
Also, emergency rooms have recently been experiencing record turnouts.
Oh but it’s the vaxxed who are dying and being hospitalized… they don’t matter…
hahahaahahahahahaha… price of moreonism
Portugal’s death rate is *already* surging
https://pbs.twimg.com/media/FUVSU7xWUAUzHdo?format=jpg&name=4096×4096
Gas prices: A ‘troubling sign’ emerges on the health of consumers
Sticker price shock at the gas pump may finally be breaking the back of the U.S. consumer, new data shows.
Current U.S. gasoline consumption levels are running 3% lower than a year ago and have been declining at a 3-5% clip the past seven weeks, according to researchers at DataTrek (chart below). DataTrek noted that these declines were not the case prior to April 2022, suggesting that pain at the pump is affecting consumer behavior.
“Given that commuting is the single most common reason Americans drive, we would have thought gas consumption would still be showing positive comps to last year,” DataTrek writes. “Office occupancy was barely 20% at this point last year and is double that now (43%). Lower gasoline consumption is therefore a troubling sign about overall consumer spending patterns.”
https://finance.yahoo.com/news/gas-prices-health-of-consumers-111315404.html
What’s the monthly spend look like for folks commuting to work each day from the burbs….
VIP rooms will be suffering
Turkey is playing a bit loose with the montreux convention but has not allowed any warships in the black sea- NATO or Russian. I would have to agree that a “grain escort” mission would be high risk to say the least. Turkey appears to want to be included in the Russo-Sino-rest of world BLOC rather than the USA – europe bloc. A grain escort mission would either need to get Turkeys OK or disregard the montreux convention. Kicking Turkey out of NATO would not change this. Turkey seems quite content to stay in NATO while asserting complete autonomy. I doubt they would abide by article 5. Russia and Turkey go way back with many wars between them. They are not friends but they know each other well.
Turkey was important to control the middle east. When the sucker’s dry, throw him under the bus.
Pretty close, and just a few percentage points would swing the balance in Scotland and Wales.
> Support for an elected head of state for the UK is highest in Wales and Scotland, a new poll has suggested.
43% and 44% support an elected head of state rather than a monarchy in Wales and Scotland respectively, while across the UK the average was 34%.
Within England, support for an elected head of state was lowest in the north of the country at 27% and highest in London at 45%.
https://nation.cymru/news/support-for-elected-head-of-state-highest-in-wales-and-scotland-poll-suggests/
Coronal Robert Black communicates his opinions on the risk of nuclear war. Interesting opinion that The Moskva sinking was by NATO forces. He also comments on the degradation of US officers and the career path of military transitioning to MIC corporation that is normal nowadays.
Interesting video!
“The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live.”
― Joseph E. Stiglitz
Actually, if Chuck Fitzclarence did not f’k up at Gheluvalt, there would have been no reason for top 1% to ever think about the 99% .
Thanks to him and other idiots, there were suddenly too many downtroddens with military experience, which led to the 1% giving concessions to the 99% in the last century.
Damn Chuck Ftzclarence and the horse he rode on in!
Yes. He caused the greatest fkup of the 20th century, yet the late Dr. Robert Firth praised him and his 200 Worcestershies, who prolonged the Great War by 4 years, caused the death of 7 million plus Europeans including himself and most of the men under his command, for doing their Duty.
I have no respect for those who died to make the Third World Great Again.
the late great Dr. Robert Firth
FIFY
The vaxxed made it all possible. We should protect their statistics.
https://abc7.com/brad-johnson-actor-obituary-melrose-place/11923142/
“Brad Johnson, the actor known for his roles in the Steven Spielberg film “Always” and on the hit TV series “Melrose Place,” has died at age 62, according to the Hollywood Reporter.
Johnson, a former rodeo cowboy and “Marlboro Man,” died Feb. 18 in Fort Worth, Texas, of complications from COVID-19, his representative Linda McAlister told the trade magazine. His passing was not publicly reported until this week.”
But was he vaccinated? We would like to know because if he was vaccinated then that tells you those vaccines are 100% safe and effective.
Roadster. have a co worker that is a vaxced to the tilt and was sick with a bad chest cold and was so worried of Kung Flu 😷 he got retested!! I was perplexed…you of all people should be least worried about it…he shrugged it off as …you can’t be too careful…
Btw, this guy should have a separate medical book written for him …seems he was or is afflicted with just about any aliment or injury we mention…
Like I mentioned…just yes them and confirm..you can’t be too careful….
Here in the US… yesterday the CDC is challenging the discontinue mask mandate for travel
They claim wearing masks prevent the spread of illness.
Suppose new mandates are in the pipeline…
Keep in mind the jab is only 95% effective… there’s still a 5% chance of severe illness and death
Said the CovIDIOT
Edward Dowd’s take on MPOX
https://twitter.com/DowdEdward/status/1532565635607236614
All the SPRs report Diesel stocks going down.
It simply is not the government buying up all the Diesl fuel to bring out tanks in the streets against it’s own population!
Ship fuel enters uncharted territory as prices hit new wartime peak
Marine fuel prices top $1,000 per ton; ships with scrubbers save $300 per ton
It’s not just the price diesel, gasoline and jet fuel that’s way up. The price of the marine fuel consumed by the world’s container ships, tankers and bulkers is breaking records.
The price of very low sulfur fuel oil (VLSFO) — the 0.5% sulfur content fuel that powers most commercial ships — just exceeded the price spike that occurred soon after Russia’s invasion of Ukraine.
According to data from Ship & Bunker, the average VLSFO price at the world’s top 20 bunker (marine fuel) ports was $1,042 per ton on Wednesday, double its price a year ago. (The previous record was $1,040.50 per ton on March 9.)
https://www.freightwaves.com/news/ship-fuel-enters-uncharted-territory-as-prices-hit-new-wartime-peak?p=434269
just one more data point that shows that all of the energy cost increases could not yet have filtered through to retail prices.
much more inflation ahead, captain.
WTI 120
Brent 121
it could turn lower at any time, but the short term trend is up up up.
In the supermarket here I am seeing price rises of 10 to 30%, with occasional and rather random pockets of temporary unavailabilty.
Best quality organic steak, oddly, is unchanged so far, although I reject 9 out of ten as having too little fat marbling to be worth the cooking.
Butane in cartridges unchanged in price, candles and tealights the same (although one major chain has had no candles for several months), and lamp paraffin in 1-litre bottles is only slightly up but a little harder to find – my old supplier has dropped it completely for some reason, having earlier changed a German make for British.
I expect a run on all the above due to our impeding Dark Winter……
Top quality artist paints unchanged so far. Gold leaf has doubled in price – not sure when as I only buy once a year.
So far, quite bearable; and my heating is and will remain mostly free, paid for only in a little sweat from axe-swinging, which I regard as better than gym membership!
I’ll hit the bike shop soon for tyres, inner tubes and brakeblocks and buy a 2nd-hand spare bike.
Guys like you CeeeeTeees just make our supply problems worse!
I know, wicked aren’t we?
Organic chicken breasts disappeared for a month, with only legs and thighs available. Back now, very expensive, about 30% up.
Canned chicken has vanished: canned beef same price but people are buying it up quickly.
Where do you buy canned chicken?
I don’t think I’ve ever come across it in a UK supermarket.
M & S ‘Chunky Chicken’, Mrs H: basically their pie-filling recipe.
Used to come from Brazil, but it is now UK-sourced – if it actually turns up on the shelves. None here for weeks.
The ‘Chunky Beef’ is quite respectable in flavour, with no gristle or excess gravy – and starvation will be our sauce as far as I can see…..
Chorizo sausage (not sliced) lasts ages and requires no refrigeration; and I am just finishing a whole cheese from Spain (Idiazabal) which has lasted some 2 years, although it has now dried out to something like a (very pungent ) parmesan.
Cling film and the fact it has a proper full rind does the trick – but a fridge or cool larder needed for that length of time. I didn’t break into it until it was a year-old and long past the sell-by date.
That’s all from the Women’s Survival Institute, Basque Branch!
An interesting Buddhist musing I’d like to recommend. Nietzsche, cannibalism and the death of god mentioned:
https://youtu.be/rpbqwGDpUR8
Enjoy!
☺️
Thank you! Very helpful and appropriate to our situation.
Here’s an interesting recovery modality – Hyperbaric Oxygen Therapy
Pathologic Target: severe hypoxemia and tissue hypoxia….Specific Hyperbaric Effect (SHE): proven success in restoring or exceeding normoxic status of oxyhemoglobin and tissue oxygenation.
Pathologic Target: overexuberant and harmful immune response causing inflammation….SHE: specific anti-inflammatory effects of hyperbaric oxygen on inflammasomes, pro-inflammatory and inflammatory cytokines and chemokines.
Pathologic Target: hypercoagulation…SHE: demonstrated, but not yet repeated, reduction in D-dimers.
Pathologic Target: oxygen debt….SHE: likely restoration of anaerobic metabolism in chronically hypoxic tissues and promotion of lactate clearance.
Pathologic Target: impact on mesenchymal and possible hematopoietic stem cells….SHE: likely additional anti-inflammatory effects.
With 14,845 studies listed at PubMed on a query of “Hyperbaric Oxygen Therapy”, there’s plenty of non-anecdotal evidence that 100% oxygen under higher atmospheric pressures can have some very positive results on quite a number of conditions.
The Oxford Hyperbaric Center is working with autistic children to some reported success. Check out their new center for recreation, experience and socialization of children on the spectrum.
https://oxfordrecoverycenter.com/grandopening/
John Monash is probably Australia’s best known general.
On April 27, 1918, his forces stopped the final attempt by the German Army to take Amiens, which would have knocked Britain out from the Great War and end the conflict.
By doing so, he indirectly contributed to the independence of Indonesia, which would have remained a Dutch colony following a Central Powers Victory which would probably have left Holland alone during WW2.
(Actually Holland almost won the so-called “Indonesian War of Independence” but USA acted like an asshole, threatening to cut off Holland from the Marshal Plan if Holland continued the war. At that time Sukarno, the leader of the rebellion, had run to the end of Java, fleeing to a town named Yogyakarta, whose sultan gave him a shelter (and in return the sultan and his progeny are allowed to rule the town in perpetuity.). ).
Population of Dutch East Indies in 1930, the earliest date available, was about 60,000,000. Now the Republic of Indonesia has about 300 million, while Australia has 26m.
What were these people thinking at that time? Didn’t they think that eventually these ex-colonies were going to engulf them in the end?
We can buy a lot of time by reversing all the economic growth in Asia in last 70 years.
Frankly speaking, increases of consumption in Asia led to the current situation.
If Asia goes back to like this
https://www.youtube.com/watch?v=aPkowwntVsE
(Batavia in 1920)
then the world gets one more century, gaining enough time for Singularity.
Lol……is the weather good today in London?
How much does the circus pay?
all those brown and yellow Asian people might question your motives
Though I’m sure your comment carried a splash of irony
https://www.zerohedge.com/markets/real-biden-gives-bizarre-inflation-speech-full-obvious-lies
ZeroHedge posted this picture of Bidet, LMAO
https://www.zerohedge.com/s3/files/inline-images/biden%20finger%20bite1.jpg?itok=w0UYjqQt
The west in decline. As can be seen in its inflation, its behaviour, the disrespect for its inhabitants, its endless push for hopeless rainbow sh!tbucket diversity. And of course, its ‘world leaders’ bullshittery.
The great flush. Watch it, enjoy it, understand it. Boatloads of disrespectful maniacs cried in panic, and suddenly were silenced.
That goes for me too.
Speaking of rainbows, I see that the gay rainbow flag (all over town today) now has a new feature: a chevron, penetrating, thrusting even, from the left, in black, brown, blue and white.
Can anyone enlighten me as to what it symbolises? It must be very important, surely?
I want to keep up to date in my passion for inclusion!
https://www.kickstarter.com/projects/danielquasar/progress-a-pride-flag-reboot
Thanks! So, a symbol of ‘progress’ from the Left.
Gosh, these people are retarded.
I’ll amend my coat of arms, I think: the helmet will have a new crest, a large middle-finger pointing vigorously upwards. I’m sure my ancestors would approve.
ironically, the symbolic primary push is the white wedge which is “pushing” the darker colors.
woketards.
You can bet that after some more iterations we will come to the inclusion of all people as in where we started to have a “society” in the first place.
Its about colour blindness Xabe. Nothing more, nothing less.
“in a colony, do not touch anything that lies in front of you, in the sand, that’s sticky”
I think the blue is for hemorrhoids.
In this brave new world we now have learned that great leaders can be of any age! Alas the physical body has limitations. Perhaps in the future we can insert the wisdom of a leader/entity into a “cloud” and be governed by it? Wouldnt that be peachy!
Dear Gail,
Thank you for the time and effort you dedicate to managing this comment section and giving dissenting voices a safe haven.
More lockdowns on the way:
Shanghai warns of Covid resurgence as cases in community rise
CHINA’S financial capital warned of a Covid-19 resurgence, bolstering testing capacity as cases reappear in the community and residents start to move around more freely after the easing of most lockdown curbs.
Shanghai reported 7 new Covid infections outside of government-mandated quarantine sites for Thursday (Jun 2) – the highest tally of so-called community cases since authorities started to loosen restrictions last month after declaring an end to community spread. There were another 3 cases outside isolation on Friday.
Officials said there was a risk of the virus flaring again given the uptick in community infections since movement curbs were lifted for a majority of the population on Wednesday. The city will add more PCR testing booths, increase staff at the busiest sites and extend service times to meet residents’ needs, Xia Kejia, an official in charge of Shanghai’s Covid testing work, said at a briefing on Thursday. Residents still need a recent negative test result to access public transport, enter shopping malls or go to the office.
https://www.businesstimes.com.sg/government-economy/shanghai-warns-of-covid-resurgence-as-cases-in-community-rise
Hahahaha!
BIDEN: “Since I took office, families are carrying less debt, their average savings are up…more Americans feel financially comfortable…”
https://twitter.com/townhallcom/status/1532737352447283200
He’s trying to create a new mass psychosis… this is a tough one cuz you cannot censor their credit card statements and bank account balances….
The MOREONS will want to believe Dirty Ol Joe — but when their credit card is declined — or they try to withdraw $300 and the ATM says sorry insufficient funds…. the psychosis is broken… reality wins.
Poor sad MOREONS … they hate facing reality … they like Hollywood endings
Are there ways to make this system go on any longer through extreme manipulation??
Depop. 7 Billion.
It seems like leaders keep trying to find ways. I don’t really know.
No one knows Gail. Thanks for everything you do.
It’s possible, as they’ve done a helluva job fudging things since 2008-9. However it now appears the concerted effort is to let the system collapse and blame it on things like Covid because those running the show realize they have exploited the system both financially and monetarily over the past 50-60 yrs where the debt is NO longer serviceable.
It’s better to have a scapegoat rather than take the blame for causing the system to collapse.
Completely correct, Rodster.
They are even laughing about it at the WEF: see the panel with Mark Carney from a few days ago, where he is congratulated by the host for ‘getting out of the BOE just in time, and escaping the mess.’
Laughing! Callous psychos.
Another panelist talks about ‘huge value destruction’ coming up – from HSBC.
Room service!
giggle
Can manipulation exceed the 100% that it’s at now?
We can’t go above 100 or below 0. Not allowed
oh c’mon eddy
a man like you can score well into four or five figures
modesty doesnt suit you
America Needs to End Its Love Affair With Single-Family Homes. One Town Is Discovering It’s a Tough Sell
Alana Semuels / STEAMBOAT SPRINGS, COLO.
Thu, June 2, 2022, 10:06 AM
Sunlight Crossing, a 90-unit apartment complex on the west end of Steamboat Springs, Colorado, built by the Yampa Valley Housing Authority and Gorman & Company and Deneuve Construction. Credit – David Williams for TIME
The question came, as it always did, just as Jason Peasley finished making his case for Brown Ranch, a development that would grow the size of his city by one-third and finally provide some affordable housing for the hundreds of people doubled up in trailer parks and hotel rooms in the ski town. The development, as Peasley pitched it to the room of residents gathered under thick wooden beams in the local community center, would use density to solve the housing problem—mainly by building apartments and attached homes.
“What about single family homes?” a woman standing in the back of the meeting room asked. “Because I would like to buy one someday.”
Steamboat Springs, Colo.—where Peasley serves as the head of the Yampa Valley Housing Authority, providing affordable housing to all of Routt County—is a mountain town that draws people for its wide open vistas and outdoor space. The idea of living in an apartment on what is now green rolling hills jarred people with visions of their own porches and yards, who had seen their neighbors amass hundreds of thousands of dollars in equity just by owning a single family home during the pandemic.
“Personally, I would take a very, very small house,” another resident said.
“So would I,” the woman in the back said quickly, so as not to be left out.
Peasley sighed. Nine months ago, he’d been given an opportunity that most urban planners dream of—an anonymous donation of 536 acres of land to build long-term affordable housing for people who live and work in Steamboat Springs. But it’s difficult to get buy-in to use hundreds of acres to build multifamily homes in Steamboat, which currently has 1,400 fewer housing units than are currently needed. Residents might support density in theory, but what they really want is a single-family home to call their own.
https://www.yahoo.com/news/america-needs-end-love-affair-140650218.html
Don’t forget the outdoor pool
Depending upon someone else to maintain an apartment or condominium building is very iffy, as well, in a time of resource shortages. Also, a fire that starts in one apartment is likely to burn the whole building down, if fire departments are not operating well.
One thought is that we pretty much need to use what we have for housing supply. It seems like Dmitry Orlov talked about putting people in repurposed shopping malls. Or families moving in together, to use a smaller share of the existing housing stock.
If people will need to grow their own food (which I doubt is even possible, given the issue involved ), we will need to have people distributed out into many low tech homes that can be put up easily by would-be homeowners and their friends, perhaps made of sod or other local materials. These will lack amenities such as electricity, heat, and running water, I expect. They will represent “sustainable housing.”
We worked on a Cobb house at Sirius Community in Massachusetts in the late 90s. I’ve seen Strawbale in the mid-atlantic region and Adobe construction in Arizona. Arcosanti has an interesting eco-village with greenhouses for permie workshops. I’ll be visiting Burlington, VT in a week or so. Word is they are building some kind of homeless village on the outskirts. Repurposed retail and commercial would make sense. My impression of sustainability long term is that the residents need to be invested and responsible either through sweat equity/labor credit or some kind of payment otherwise it turns into a fiasco. Community gardens built for residents and maintained by outsiders in the city got condemned by Dem council members as rat-fested opportunities for drug dealing. Larger CSA and urban farming projects on school district property seem to last because they provide jobs and or sponsored by church or former NFL players with political connections and deep pockets. People don’t respond well to free stuff. When we were doing Katrina relief in NOLA we returned to our truck with a sign on windshield saying we should go back where we came from (probably Feds). We were talking to local “commie” group helping the 9th ward families about getting bulk shipment of building materials. Signs up everywhere seeking witnesses of supposed explosion heard prior to levee breach. Operation Blessing church related group had huge warehouse for Christian families. Common Ground catered to leftist college students and hippies had large condo/hotel commune in Algiers I think. The Feds knew all my travel and group contacts when they gave me the Cointelpro treatment 10 years later. If you’re reading and want to make a difference make sure you consider whether or not your target demographic actually wants help and be prepared to grease the wheels of local leaders and businesses otherwise you might end up in the hospital. Other than that.. Enjoy!
Thank you, Replenish, for your account and I, myself, have some with Permaculture. Visited a spell at Steve Gaskin’s commune, The FARM, in Tennessee where Albert Bates resides…and Earth Haven in the Black Mountains, along with others in the same decade of the 90s. From what I have witness there has been an uptick with intentional communities, but it is a needle in the haystack of what is being developed, if I may use that term.
Great concept 👌, but many have heard, but few applied.
I agree with Gail on this one, too many of us to transform our societies but the watershed.
With all the challenges, resource, environmental and societal in play and our cultural mindset of being independent and individual in relationships…seems folks will have to before wanting to.
One thing for sure, dwellings need constant upkeep and materials…asphalt .roofs last here at the most 20 years, and replace my electrical and plumbing parts more often.
Cars and trucks are worse, tires, batteries and hundreds of other
Critical parts can put them down…which will likely happen as the pumps run dry.
Yep, enjoy the day today…
One issue I see is that families really need enough calories in total. Permaculture seems to leave out grains, so you need plenty of other calories from other sources. Also, families need to have a way of affording all of the other things that they require to live, like water, clothing, heat for their homes, and rent or taxes.
Yes, providing income is a challenge with all communities it seems. Some, like the Shakers, had a nitch with furniture and seeds..
Others have events and such like workshops…
Remember o e complaint by a resident of one stating it’s hard to sell or trade fresh eggs if everyone seems to be doing so….
The community doesn’t need, and cannot afford, anything bigger or more expensive than this. This is affordable high end, using the regular utilities. It costs around $23K. The very poor and homeless need something for $2.3K. And they need it to be off grid.
https://www.facebook.com/watch/?v=965989414254123
Artleads…I prefer the $50.00 Underground Home …
https://m.youtube.com/watch?v=PVAF-JjuYc4&t=113s
Nice vintage video…
Herbie, no comparison aesthetically and (mental) health wise, but there is the added cost and, especially, the varied costs of all that digging!
And then there’s the spent fuel ponds… can’t think of a work around for that
The Palisades Nuclear Plant being decomissioned as we speak is taking their spent rods out of the ponds and putting them in dry casks.
rods have to remain in ponds for 5+ years before that can be done…
Do the math.
Oh and btw — dry casking aged spent fuel is not a one off exercise… there is a lot that can go wrong and there is extensive monitoring and maintenance involved…
I suggest reviewing the PDF here https://www.iaea.org/publications/7755/operation-and-maintenance-of-spent-fuel-storage-and-transportation-casks/containers
I would like to donate a drum and a tambourine
Eddie, you don’t know what you are missing in the Sweat Lodge drumming ⭕ circle..
Also enjoyed the talking stick toss around and smudging…cool stuff
I prefer the VIP room
Indeed, my concern is that my former medical office on the main route by the hospital, previously a prime location for resale to another practitioner or health care related field, is now almost worthless as the owner of the hospital, Sentara Hospital out of Norfolk, VA, bloated with cash as a result of gouging consumers for healthcare for decades and huge surpluses, can afford to build a brand new hospital 5 miles away with only 82 beds to replace the one currently here with 185 beds. About 10 years ago , the previous administrator had loaded the current hospital with debt, going from 40 million in savings to 100 million in debt, it had spent $40 million for a new operating room suite and emergency room, now worthless. With no buyers, it was only leased by Sentara. All the doctors thought I was crazy when I stood up at the last quarterly medical staff meeting and openly asked for this administrator’s resignation, claiming among other things that the hospital could never be sold because she had saddled it with so much debt. Now it is a carcass that has been drawn and quartered by competing hospital, Vedanta out of Greenville, NC, Chesapeake out of VA , and Sentara out of Norfolk. The services are no longer provided by doctors who actually lived here and provided more affordable health care. These competing hospitals are only interested in flying the flag by establishing their presence as feeder or referral sources for their flagship hospitals.
I suspect that in the end to keep the tax revenue from the Federal or NC State, the county will convert this abandoned hospital into housing projects. As they say “there goes the neighborhood”
Now instead of medical supplies, casting materials, stores etc, I store other things -for self defense, if you get my drift.
i think you have base there for a superb expanded article Hubbs
What did you do in the Great Reset, Daddy?
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F23a1d328-a15b-4842-a8c4-ec4f2d6d4d03_818x964.png
I know it’s coming I just don’t know what it will look like either
Well, Sam, at least it won’t be total shock, as it will be for with most people.
Overheard two students the other day: the girl was talking about her fear of falling off horses.
Her friend said ‘But if you know it’s coming, doesn’t that help a bit?’
‘It still hurts!’ was her reply.
mike can say – I did what I was told and kept getting all the Boosters
At least we know Mommy was distracted with the Milkman.
The milkman here comes at 5 am, so I don’t think he has as much fun as in the old days of delivering to housewives mid-morning…..
Roberto Cingolani, Italy’s minister for ecological transition:
“[…] this free market has allowed gas prices to increase five or six-fold without there being a real physical reason, for example a shortage, which has affected the cost of electricity.”
Michael Bloss, a German Green MEP discussing an oil consumers’ cartel:
“If they together say this is the price we are going to pay, but not more, the sellers, they will have to abide by it … This special time needs special action.”
What a laugh.
https://www.zerohedge.com/energy/radical-plan-halt-oil-price-rally
These people don’t understand diminishing returns, and the real need by fossil fuel producers for mjuch higher prices. Of course, today’s economy cannot function with these higher prices. It will come to a screeching halt, and start shrinking.
Yes, it is very sad to hear these things for Ministers.
Because they will be denied soon from the events.
I can accept it if I hear that from Mr. Whatever on a bus, but ‘they’ should be more careful.
The very last but one activity of the entire population will be to give the autority everything it wants to get “that thing” done.
“What exactly was it that you requested yesterday ? I can not find any file.”
The Giant Gas Reserve That Could Have Eased Today’s Crisis
Argentina is home to one of the world’s largest shale gas deposits, but a lack of investment and political will means it is still an importer of natural gas.
The Vaca Muerta shale play, which is Spanish for ‘Dead Cow’, is estimated to hold 16 billion barrels of oil and 308 trillion cubic feet of natural gas.
In recent weeks, Argentinian authorities have kick-started efforts to boost Vaca Muerta’s development, but it won’t be of any use in the current crisis.
https://www.zerohedge.com/energy/giant-gas-reserve-could-have-eased-todays-crisis#comment-stream
Authored by Tsvetana Paraskova via OilPrice.com,
The world is filled with people who are either
1. Delusional
2. Write for the sake of writing an article without any thoughts of practical it is.
Vaca Muerta is in the middle of nowhere in Argentina, which is also equally in nowhere near the places of heavy usage. Shale gas is expensive and not economically practical.
Are these just news from the Matrix ? That is why I have decided not to use my brain when I scan and read the articles.
US natural gas has spiked to about $9 which puts it more on par with “the rest of the world”, since US exports have spiked and driven this price increase and rebalance.
I suspect these higher prices mean the Argentinian gas would now be profitable, or at least closing in on profitability.
but we know that deflationary pressures soon could knock down these prices.
and that makes capital investment very risky, even if Argentina could raise the capital.
I wouldn’t mind if US energy companies tried to produce maximum amounts from there.
it might or might not be profitable, but it would be entertaining.
and might help semi quasi bAU to limp along into the 2030s.
Pretty ridiculous, I agree.
About as much use as my musings over breakfast as to the size of Lord Rothschild’s bank account, and what I could do if only I could get my hands on it…….
The obsession with turning data into the prime asset of the future is just as absurd and delusional.
Our species will likely exterminate itself in a state of grandiose but imbecilic fantasy.
This all has to do with what price is affordable.
hahaha …. poor CovIDIOTS… poor poor sad CovIDIOTS….
Shanghai’s community infections return a day after formal lockdown exit
https://www.scmp.com/business/china-business/article/3180217/coronavirus-shanghais-community-infections-return-day-after?module=lead_hero_story&pgtype=homepage
The virus is a whole lot like the common cold: impossible to get rid of.
But even better – it remains in play year round … even during the summer months… it’s awesome!