Is the debt bubble supporting the world economy in danger of collapsing?

The years between 1981 and 2020 were very special years for the world economy because interest rates were generally falling:

Figure 1. Yields on 10-year and 3-month US Treasuries, in a chart made by the Federal Reserve of St. Louis, as of May 10, 2022.

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.

Figure 2. Chart showing the important role Quantitative Easing (QE) to lower interest rates plays in adjusting the level of “demand” (and thus the selling price) for oil. Lower interest rates make goods and services created with higher-priced oil more affordable. In addition to the items noted on the chart, US QE3 was discontinued in 2014, about the time of the 2014 oil price crash. Also, the debt bubble crash of 2008 seems to be the indirect result of the US raising short term interest rates (Figure 1) in the 2004 to 2007 period.

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.

Figure 3. World energy consumption for the period 1990 to 2020, based on energy data from BP’s 2021 Statistical Review of World Energy and world Purchasing Power Parity GDP in 2017 International Dollars, as published by the World Bank.

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. World energy consumption from 1820-2010, based on data from Appendix A of Vaclav Smil’s Energy Transitions: History, Requirements and Prospects and BP Statistical Review of World Energy for 1965 and subsequent. Wind and solar energy are included in “Biofuels.”

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. Estimated average annual increase in world energy consumption over 10-year periods using the data underlying Figure 4, plus similar additional data through 2020.

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. Same chart as Figure 5, except that the portion of economic growth that was devoted to population growth is shown in blue at the bottom of each 10-year period. The amount of growth in energy consumption “left over” for improvement in the standard of living is shown in red.

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. The same information displayed in Figure 6, displayed as an area chart. Blue areas represent average annual population growth percentages during these 10-year periods. The red area is determined by subtraction. It represents the amount of energy consumption growth that is “left over” for growth in the standard of living. Captions show distressing events during periods of low increases in the portion available to raise standards 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.

Figure 8. US inflation rates, based on Table 1.1.4 Price Index for Gross Domestic Product, published by the US Bureau of Economic Analysis.

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.

Figure 9. US inflation rates, based on Table 1.1.4 Price Index for Gross Domestic Product, published by the US Bureau of Economic Analysis.

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.

Figure 10. Slide prepared by Gail Tverberg showing peak coal estimates for the UK and for Germany.

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.

Figure 11. Per capita crude oil production from 1973 through 2021. Crude oil amounts are from international statistics of the US Energy Information Administration. Population estimates are from UN 2019 population estimates. The low population growth projection from the UN data is used for 2021.

At the same time, the world economy was able to expand the use of other energy products, at least through 2018.

Figure 12. World per capita total energy supply based on data from BP’s 2021 Statistical Review of World Energy. World per capita crude oil is based on international data of the EIA, together with UN 2019 population estimates. Note that crude oil data is through 2021, but total energy amounts are only through 2020.

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!

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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4,216 Responses to Is the debt bubble supporting the world economy in danger of collapsing?

  1. ivanislav says:

    A 15-minute video on food-system strain with a decent amount of facts/statistics:

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

      A very fine video, pointing out that the Ukraine conflict is leading to problems with food exports from Ukraine. Ukraine has been a key exporter. The supply chain is very tight. The world food supply cannot get along without it, when it has so many other issues, in addition.

      • MM says:

        From what I understand Ukraine needs access to the black see to ship the grains and for that the US and the UK are sending anti ship missiles to break the blockage. Moskva is already sunk. That ship was usually thought against aircraft carriers and imho should not have operated so close to shore.
        To project a no fly zone you somebody might want to bring an aircraft carrier into the black sea.
        Actually Russia claims that it’s harvests are very goood and that they will export it to “import friendly” nations

        • ivanislav says:

          I read something claiming the US offered to unblock the fertilizer (phosphate) export ban on Belarus if Russia opens Odessa to Ukranian grain exports. Lol. “Give us two things we want to avoid a food disaster in our own countries while we wage hybrid war against you.”

        • JesseJames says:

          If any of these US supplied missiles sink a Russian ship I suspect Russia will sink a US ship somewhere. We are dangerously close to WWIII.

  2. Legal immigration into UK was almost 1 million in 2021 according to the Office for National Statistics. Brits are cool with that.

    https://www.ft.com/content/f2d72f42-af5f-4922-8fcb-f50a32f37afc

    Article text:

    > Britain is now a high-immigration country and most are fine with that

    With a growing sense that borders are under control, the appetite for hostile environment policies is shrinking

    At the end of 2021 there were 9.6mn people living in Britain who were born overseas, or 14.5 per cent of the population. During the same year, almost one million visas were issued to people seeking to come and work, study or live in the UK. All of these figures are the highest they have ever been.

    Cast your mind back to June 2016, and the idea that Brexit — a cause shot through with anti-immigration rhetoric — would result in a greater number of foreign nationals entering the UK than before the referendum would seem fanciful, yet that is where we will most likely find ourselves this year.

    Perhaps even more surprising is that the increase has not been met with outrage from the millions whose votes to leave the EU were motivated primarily by concerns about immigration. Indeed, one of the most striking dynamics in the past five years has been the decoupling of concern about immigration from immigration levels themselves.

    For three decades leading up to the Brexit referendum, the share of people naming immigration among the most important issues facing the UK moved virtually in lockstep with the number of foreign nationals arriving. Suddenly, the two diverged. Between 2016 and 2019, the number of immigrants to the UK was broadly unchanged, yet the share of Britons concerned about immigration plummeted from almost half to one in seven.

    The best explanation is that British views on immigration have always been far more than a simple numbers game. Research by the think-tank British Future has consistently found much stronger public support for an immigration policy that prioritises who is allowed in — regardless of the impact on overall numbers — than one that deters all comers.

    There has also been a sharp reversal in the perception of immigrants. Ten years ago, only one in four felt that immigrants were necessary to help the UK’s economic recovery; half felt they hampered it by taking away jobs from Britons. In 2022, those shares have switched places, according to a new British Future report to be published this month.

    These dynamics suggest the post-Brexit switch from free movement to a points-based system for EU citizens sits well with national attitudes, simultaneously emphasising control and highlighting immigrants’ roles in British society.

    The government’s controversial plan to send asylum seekers to Rwanda has not gone down so well. Aside from its expense, infeasibility and the fact that it may well exacerbate the problem, it also draws attention to small boat crossings, the one factor over which the government does not have any control.

    Most Britons say they sympathise with migrants crossing the channel, and support for a deterrence approach to asylum seekers is low and falling. By using an unpopular policy to increase the salience of an issue without a current solution, the government risks creating a rod for its own back.

    • The British are gone because the British State is a money grabbing cult. All that we can really do is to wait until the British are gone and then to try to rebuild something in their absence. It is not going to be easy with what they have left us with, but such is life. They have made their decision, and we are going to have to make ours. Maybe life is not all about money?

    • clickkid says:

      ” Indeed, one of the most striking dynamics in the past five years has been the decoupling of concern about immigration from immigration levels themselves.”

      A possible statstical reason:

      ‘Concerns about immigration’ among the population are measured by asking questions of a population consisting increasingly of immigrants.

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

        Interesting point!

      • It would be a mistake to think that ‘asking’ the British means anything or that it even matters to reality. The British are WAY beyond that.

        They have already been trained to docility by thousands of years of feudalism and by the authoritarian and forceful eradication of all dissidents and ‘misfits’ from the gene pool.

        You probably do not know them. It is doubtful that they understand themselves. Self-insight is not generally a priority, and it is always a lot easier to gossip about other people.

        Maybe that is a bit sad, but thousands of years of state moralism and the ‘ascetic’ ideal (lol) is bound to take its toll on the breed.

        So, do not try to ‘blame’ other people like someone else is ‘guilty’.

        ‘You wipe yourself out, you blame yourself – do not even think about trying to ‘blame’ anyone else.’

        The rest of us are going to have to pick up the pieces of their money grabbing state, the people who are going to be here when they are long gone – and good luck with that!

        Even so, the joys of life continue. Some of us were not subject to the ascetic ideal for thousands of years – and thank goodness for that! Some of us still live in reality and we are not ashamed or apologetic about the vigours of life.

        We will still be here, black and white alike, when the British and their money grabbing state are long gone. It is all good.

        So stop trying to ‘blame’ other people.

        • clickkid says:

          “They have already been trained to docility by thousands of years of feudalism”

          Going to football matches in the 70s I didn’t notice that ‘docility’ and neither did the police.

          Any docility is a veneer, waiting for BAU to end. Think ‘Lord of the Flies’

    • JesseJames says:

      Good luck to all UKers trying to feed themselves and their families in the next 5-10 yrs. Also good luck staying warm….and being able to obtain fuel.

      Really, this is a globalist WEF article. Gosh, lots of UKers may be lucky to live through the next 10 yrs. I predict Mad Max within 5 yrs.

  3. ruble up up up to 61 per USD!

    the sanctions are working!

    I Stand With Russia.

    Putin is a god.

    winning!

  4. Heaven is here and now.

    It only takes one’s dispositions to experience that. It does not ‘matter’ what society tells you about what ‘your place’ is. Reality exists in distinction from what other people say in their own insanity.

    The sun is out, the trees, and even their blossoms, are vivid in their existence.

    Most of what people say is rubbish, and even the society to which their statements refer.

    ‘I have nothing against monarchy in principle, so long as I get to be the king!’

    • at this moment in time, I am somewhat glad.

      in particular, I am glad that I don’t live in any of the many areas of the world which are right now descending into chaotic poverty.

      my disposition is that I do not want to experience chaotic poverty.

      I hope Reality will continue to conform to my disposition.

      I am the sun and the trees.

      • The bottom line is that I have very clear ideas about what life is all about, and its pleasantries, and that if you impinge on my reality of ecstatic existence for material gain, then I will fight with you, and you may be the more ‘powerful’ and ‘the monied’, but we will see how that fight works out for you in the long run.

        • please keep us updated on your fight with the British State.

          • One must lift no finger. The British State has its own ‘principles’ (money grabbing) and its own outcomes. The main thing is not to interfere with the course of history out of vanity or pettiness. It is already headed where it is headed.

            The British State is a story ‘already told’. Whether there are ears to hear it yet makes no difference. I personally do not distinguish the formal ‘state’ of a people from the people themselves, as if it is some kind of reified ‘idol’. The story is already clear.

            • MM says:

              Not wanting to open a can of worms here but that is true for a lot of “ancient” nations. You posted german march music with the topic of UK, no?
              The grinding down of civilizational self esteem bears fruits now. When I with my short life look at this long term evil process it makes me sad. So sad.

            • I am sure about that. It depends what a person means by ‘western civilization’, its extent and duration. It could be argued that Brits have been wiped out by that civilisation, or at least by their own.

              I personally do not take a ‘Catholic’ view of western civilisation, like it is somehow the good and the true, and that any bad outcomes are due to other influences. I think that is dogmatic and naive – and vain.

              But a lot would have to said to make that case, and I am not sure that I fancy plying my hand at that right this moment. See Nietzsche for a critical view of Western civilisation.

              He argued that it was headed for its own catastrophe, its own destination in ‘nothingness’, not because of extraneous influences but because of its own deepest, internal principles and dynamic on the religio-moral level.

              The 19th c. was surprisingly pessimistic, and you see it also in Gobineau, although on different grounds. Also Schopenhauer. And you have Romantic backwards looking, and the fin de siecle on the continent. Europe has long lacked a ‘goal’ as Nietzsche would say.

              https://en.wikipedia.org/wiki/Fin_de_si%C3%A8cle

    • Foolish Fitz
      Foolish Fitz says:

      ‘I have nothing against monarchy in principle, so long as I get to be the king!’

      Reminds me of Yellow Coal by Sigizmund Krzhizhanovsky.

      “The warcontra omnes of post-history would, he reasoned, differ radically from that of pre-history. If the “pre” set all men against each other because of their lack of an “I”, of humanity, the “post” would create a conflict between excesses of “I”: once put into practice, every “I” would lay claim to the whole earth and all its riches.”

      https://biblioklept.org/2013/04/22/yellow-coal-sigizmund-krzhizhanovsky/

      The first paragraph also rings true for the present.

      “The economic barometer at Harvard University had continually pointed to bad weather. But even its exact readings could not have predicted such a swift deepening of the crisis. Wars and the elements had turned the earth into a waster of its energies. Oil wells were running dry. The energy-producing effect of black, white and brown coal was diminishing yearly. An unprecedented drought had swaddled the sere earth in what felt like a dozen equators. Crops burned to their roots. Forests caught fire in the infernal heat. The selvas of South America and the jungles of India blazed with smoky flames. Agrarian countries were ravaged first. True, forests reduced to ashes had given place to ashy boles of factory smoke. But their days too were numbered. Fuellessness was threatening machines with motionlessness. Even glacier snow-caps, melted by the perennial summer, could not provide an adequate supply of waterpower; the beds of shrinking rivers lay exposed, and soon the turbine-generators would stop.”

  5. Jim B.
    Arthur says:

    Nicole Foss’s recent response to Rob Mielcarski (Un-Denial).  I’ve always enjoyed her take.

    Hi Rob,
    I’m planning doing some more presentation work and writing. I’ve been obsessed with covid from December 2019. I was once a biologist and medical researcher, so this stuff is fascinating to me. The more I read, the worse it looked. I watched the censorship of doctors offering treatments, the studies designed to fail, the fraudulent studies published, the singular focus on rushed vaccines, the governments failing to follow their own laws etc. Watching them throw out the Nuremberg Code was the worst. I’m with Vanden Bossche, the FLCCC and other medical and scientific dissidents. Mattias Desmet’s work on mass formation is particularly important. The vaccines are completely ineffective and very harmful. IMO both covid and the vaccines are bioweapons.

    To be specific, the bioweapon is the spike protein, which is common to both. These vaccines have killed at least as many as the disease worldwide, and perhaps more. I’m censored almost everywhere for saying this. I’m also calling for the next financial crisis soon, and for a major energy crisis at the same time. The next few years are really going to suck unfortunately. I think we’ll see an attempt at central bank digital currency, which will be slavery. I’m very concerned that we’re moving into a tyrannical period, no matter who’s in power. I wouldn’t trust any government or mainstream media at the moment. They’re just creating distractions from the limits to growth crisis that’s finally here.
    Cheers, Nicole

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

      Bill Gates and his friends will keep trying until they succeed.

      • why?

        even if Gates was try to create something, what, exactly, would be the point?

        Gates’s wealth is entirely dependent on a healthy planet, (As is Bezos, Musk et al)

        Grant Gates the intelligence at least to see that.

        If a virus was created, say, to generate the need for even more vaccines, there could be no guarantee that it could be controlled, and thus might decimate the world population.

        this is where it gets ludicrous.

        without ‘world population’, wealth in the sense that we know and need it, would simply evaporate. Money itself would have no purpose.

        Why?—because without people nothing would get made to produce, buy and sell.
        In a sick world, everything dies. Or becomes too weak to function properly.

        this might be inconvenient for the conspiraholics—but that would be the outcome.

        Gates really isn’t plotting to take over the planet for himself—honest.
        Neither is anyone else.

        Turning the planet into cash isn’t the same thing at all.

        (That link smelled of clickbait btw)

        • Dennis L. says:

          Norm,

          There are those here who sometimes seem to be saying the world would be better off without people.

          I am not one of them, the cosmos is ours to appreciate, without us it merely is.

          This research does not seem to have any positive benefits; somewhere bad ideas have become worse ideas. Those who are advocating such projects should step away, go for a walk, take a break, whatever; give it a rest.

          Dennis L.

        • Mark says:

          Norm,
          The short answer as to “Why?” is the psychology of control.
          This is a good start to check out
          https://regenerationinternational.org/2021/04/05/vandana-shiva-bill-gates-empires-must-be-dismantled/

          It’s not going to work because the system is self organizing, and no one is really in control of the whole thing.

          • interesting link Mark

            but theme of it would appear to be ‘natural medication’ as opposed to industrialised medicine. Natural medication might have its benefits, but it has it limitations. You cannot run a hospital/modern surgery without industrialised medicine.

            (I might have missed the odd thread in it too)

            I have thought for many years that Gates’s anti malarial program was going to create more problems that it solved—you save lives, but that increases the breeding population. Same applies to Borlaug too.
            We have to feed 8bn people—as with industrialised medicine, it isn’t possible to do that with peasant farmers. So Gates promotes fertilisers, which we need to grow food on a factory scale

            we demand cheap energy/ cheap food/ health, and don’t much care how it is delivered. I t may well be killing us.

            i also noticed that ‘the you tube account associated with this video has been terminated’

            which makes me somewhat suspicious

            • I also would be suspicious of youtube for censoring free speech.

            • my suspicion is that it went further than free speech

            • my suspicion is that there was nothing near like “yelling fire in a theatre”.

              my suspicion is that radddical leffftist woketard American liberals are at times bordering on fascscism with their censorship of free speech.

            • drb753
              drb753 says:

              You have a very keen intellect, Norman. In fact, even Donald Trump (the current at the time, elected president of the US) was censored on youtube. And where have all those Pizzagate reports gone? Not to mention my favorite chess channel disparaging the way the black was playing. You seem to have great faith in the Wojcicki family. I assure you that it is misplaced.

            • drb753

              not sure i want to be held in comparison to the Don, re intellect. The man was, and is, clearly off his trolley.

              just about everything he uttered was worthy of censorship—at least from my (admittedly somewhat leftist) point of view.

              wacky comments get censored.

              there’s stuff that has to be censored, unfortunately. I wish it didn’t have to be like that but certain people and the views they seek to inflict on others are clearly unhinged.

              That is the measure by which they can be judged.

              If someone disagrees with me–I dont fly off in a rant. Watch those who do, then decide if their ‘opinions’ are worth anything.

              Trump had exactly the same problem. That is well documented. You see the same problem on OFW and elsewhere. That too is well documented.

            • lost for words again eddy?

              maybe you should check your ‘score’

        • eKnock says:

          “even if Gates was try to create something, what, exactly, would be the point?”

          Now I know this idea is very complicated, but if you’ll bare with me a moment, I’ll try to explain.
          If you take a pie and divide it into 8 billion pieces then each piece is 1/8,000,000,000.
          If you take a pie and divide it into 1 billion pieces then each piece is 1/1,000,000,000.
          Each piece of the pie that is cut into 1 billion pieces is 8 times larger than the pieces of the pie that was cut into 8 billion pieces.
          I realize that the concept of resources per capita is very confusing but Mr. Gates is a very smart individual. He realizes that it is more efficient to focus on the “capita” than on the “resources”.

          • nlowrie
            neil says:

            I take your point, but it’s unlikely that civilisation will continue in any shape worth living in, if 7 out of 8 consumers/doctors/engineers/farmers etc etc died. Those 1 billion who are left will be living a 17th century lifestyle

          • eknock——-

            dunno how to hammer this home

            but my masochistic alter ego makes me want have another go

            the ‘world pie’ doesnt work like that—though you may be convinced that it does.

            Your wealth, my wealth and Bezos’s wealth function in exactly the same way.

            They depend on the working function of everyone else.

            Still don’t get it?

            Bezos owns a mansion, worth, say $100m. But that ‘worth’ is only what someone else will pay for it. Same applies to a private yacht, a Renoir painting or anything else.

            The same applies to a house you might own. The actual ‘price’ is irrelevant. Its value is what you can sell it for,

            Remove 80/90 % of the population, and commercial structure ceases to exist. Your assets are reduced to zero. As are the assets of Gates and Bezos. (et al)

            Without people, sufficient fuels will not be produced to support the lifestyle of anyone.

            What you envisage is a situation where 80/90% of the world population somehow get removed, but BAU carries on just like it always has, but for a privileged ‘elite” —where everything ‘works’,

            No—it won’t.

            In the 16thc the world had 1bn people. If we go back to that figure well we have an economic far worse and more primitive than the 16thc.
            Why?
            Because the intervening chaos will see to it that virtually everything will get destroyed. So we’ll have nothing.

            Whatever you may think of Gates or Bezos, at least grant them the level of intellect work out for themselves what i’ve tried to spell out above.

            (And they will expect their lavatories to flush–just like me)

            • eKnock says:

              –“(And they will expect their lavatories to flush–just like me)”—

              I think it will be more like the 16th century….. B.C.
              BAU…HAHAHA….8 billion starving consumers out eating each other is the future.
              The Bezogates crowd are no doubt delusional but they can see that 1 billion face rippers is a better scene that 8 billion face rippers.
              The good news is that you won’t need to flush your lav.
              With no food to go down your throat, you won’t have anything coming out the other end.

            • youre sounding very much like eddy

              you didn’t get scammed into taking his correspondence course “Commenting for Dummies” did you?

              ‘face ripping’ has a familiar ring to it

        • lidiaseventeen
          lidiaseventeen says:

          Norm, he is invested in drug programs up to the gills and has cackled gleefully about the 20:1 returns he gets.

          Do you need more of a motive than that?

        • MM says:

          The debt based monetary system has an inbuilt evaporation mechanism. Only the assets that you buy while it has “value” retain their value. That is the reason behind turning it into cash.
          To own it. Own it and take it into the grave. In the mean time it works as a plantation. The oldest energy source on the planet.

          A factory without energy has no value.
          A feudal mansion with artwork burned down also has no vaue.
          You can keep that only through very hard tyranny. Also very costly. Grab it at all costs. Is it an evolutionary thing ?
          A lion does not kill 10 gazelles in a row. He has no refrigerator but a shady place under a tree after a meal maybe. That can just never just be it. Never!

    • Student says:

      Artleads, I think it is not off topic at all.
      We are describing the collapse of our society on a finite planet, in all its forms and that is perfectly in line.

    • drb753
      drb753 says:

      I got two bucks that say that this new toy of Billy is going to be a dud as much as covid if not more. They can always go back to the glory days of having guys with diazopalam syringes moving through hospitals at night in Bergamo, and declare victory again.

      • the covid dud killed mostly old people.

        at least the toxic vaccines are killing a younger range.

        monkey pox looks like it will be a dud.

        bird flu will add to the food crisis.

        Russia is rolling over Ukraine and adding to the food crisis.

        so…

        do the aging brain degrading psyyyyco woketard Elites think that the cumulative effect will bring on the Great Brainfart Reset?

        we’ll see.

  6. Student says:

    (gCaptain)

    ”Greece Emerging as Hub for Russian Ship-to-Ship Fuel Oil Transfers”

    This is really a funny distortion 🙂

    https://gcaptain.com/greece-emerging-as-hub-for-russian-ship-to-ship-fuel-oil-transfers/

    • drb753
      drb753 says:

      Funnily enough, ship to ship transfers used to be done only by Venezuela and Iran. But here we are, with the closest allies of the Hegemon doing it as well.

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

      BP shows the consumption of Fuel Oil by part of the world on its tab labeled “Oil-regional consumption.”

      Fuel oil used to be a larger share of total oil consumption than it is today. My impression is that it is a fairly unrefined product that, at one time, was fairly commonly burned for heat, back in the day when no one was very concerned about pollution.

      The quantity of fuel oil consumed has been reduced greatly, over the years shown. According to BP, the greatest quantity of fuel oil consumed was 16.4 million barrels per day in 1979. In 2020, the quantity consumed is shown to be 6.4 million barrels per day.

      In 2020, the Middle East is reported to be a big consumer of fuel oil, at 2.4 million barrels per day. Asia Pacific (including China) is shown to use 2.4 million barrels a day also, but China used only 644,000 of this.

      I would imagine that fuel oil can be refined and be made into products, including a disproportionate share of diesel.

  7. Pingback: Is The Global Debt Bubble About To Burst? | We Are Change TV.US

  8. Fast Eddy says:

    MIKE YEADON ON THE “THERE’S NO CONTAGIOUS VIRUSES CULT”:

    “The no-virus people sometimes get on my case . . . But when I strike back and say, ‘I’ll accept there’s no viruses as long as you will provide me with an alternative means to explain transmission.’ The common experience is that people do catch colds from each other. So if you’re telling me it’s purely, what do they call it? Terrain. Like depression or bad nutrition. So how come then a fit, well and cheerful person can visit a friend with a cold and then get a cold? . . . So if you don’t call it viruses and you say it’s not this little sphere that’s an exosome, that’s fine, you know? But I think there’s a transmissible agent and I think that’s people’s common experience.

    Furthermore, at an immunological level, you can detect antibodies to, and T-cells, that respond to bits of things that we call viruses. So even if they’re not it, there’s what I call this molecular fingerprint (that) is left after an infection.

    So it’s the common experience of being infected with respiratory illnesses.”

    Dr Mike Yeadon

    https://www.conservativewoman.co.uk/mike-yeadon-has-been-proved-right-we-have-been-lied-to/

    EXACTLY what I have been thinking … something is transmitting disease — of course some people don’t contract is because their very healthy immune system stops it.

    Thank you Mr Yeadon

    • D. Stevens says:

      There are two groups who say the virus isn’t real. Some say this particular virus isn’t real while some say all viruses aren’t real. The people who say there’s no such thing as viruses are by far the loudest which I find interesting because it makes C19 virus skeptics look crazy/stupid and wonder if some of the promoters are disinfo agents. I believe viruses are real but I also think it’s plausible the C19 virus itself only exists as a computer simulation and the deaths attributed to it are the result of accounting fraud. The people who die from covid tend to be very unhealthy or very old combined with a questionable test I’m willing to entertain the entire thing was propaganda and there’s no devil covid coming. When the TV starts reporting large number of young people dying from a new variant my uneducated wild-eye assumption is their immune system was damaged causing them to die from common colds/flu which are real.

      • Jarle says:

        > I believe viruses are real but I also think it’s plausible the C19 virus itself only exists as a computer simulation and the deaths attributed to it are the result of accounting fraud.

        If Sars-Cov-2 exist it’s just an average cold cold virus rebranded.

        Norway saw less than average number of deaths in both 2020 and 2021, shouldn’t be possible with a killer virus ravaging the world.

        • Fast Eddy says:

          It’s the 2019 flu… nothing more… but it’s now been amped up by the leaky injections… that’s why it never goes away … and is now very contagious… next stop – lethality.

    • Jarle says:

      No matter what, the state of the terrain plays a big part.

      • Fast Eddy says:

        Definitely. Eat properly – rest – exercise … and maintain a stress free outlook… and you are far less likely to get sick.

    • JMS says:

      “So how come then a fit, well and cheerful person can visit a friend with a cold and then get a cold?”

      It works both ways. How does Yeadon explain that person A is with person B, who has the flu, even sleeping in the same bed as that person, and the contagion does not occur? For contagion to be real, it would have to occur all the time. If it only “occurs” sometimes, it is scientifically legitimate to doubt its existence, right?
      What I would like to hear is Yeadon’s pronouncement on the Roseanau Experiment:

      “Perhaps the most interesting epidemiological studies conducted during the 1918-1919 pandemic were the human experiments conducted by the Public Health Service and the U.S. Navy under the supervision of Milton Rosenau on Gallops Island, the quarantine station in Boston Harbor, and on Angel Island, its counterpart in San Francisco.

      The experiment began with 100 volunteers from the Navy who had no history of influenza. Rosenau was the first to report on the experiments conducted at Gallops Island in November and December 1918. His first volunteers received first one strain and then several strains of Pfeiffer bacillus by spray and swab into their noses and throats and then into their eyes.
      When that procedure failed to produce disease, others were inoculated with mixtures of other organisms isolated from the throats and noses of influenza patients. Next, some volunteers received injections of blood from influenza patients.
      Finally, 13 of the volunteers were taken into an influenza ward and exposed to 10 influenza patients each. Each volunteer was to shake hands with each patient, to talk with him at close range, and to permit him to cough directly into his face.
      None of the volunteers in these experiments developed influenza. Rosenau was clearly puzzled.”

      https://www.gjenvick.com/Influenza/TheRosenauExperiment-1918-1919.html

      • Fast Eddy says:

        I suspect he would say that it’s because their immune system was able to fight off the virus.

        That is perhaps where Terrain Theory could apply …. if you have a weakened immune system you become susceptible to viruses and other diseases…. keep in mind all sorts of things impact the immune system – high levels of stress are associated with disease…

        Genetics may play a role as well.

        • JMS says:

          Stress, poor nutrition, exposure to toxic products or radiation are certainly disease-causing.
          But the viral hypothesis is simply too advantageous (economically and politically) to have ever been scientifically questioned.

          Just think how a single Virus (TM), properly supported by The Science (TM), can do what a million soldiers couldn’t (keep an entire population at home) and a million advertisers would have a hard time doing (convince an entire population to give up their bodies for free to big pharma’s hugely profitable experiments).
          How valuable is that, and how beautifuly simple?
          Is not virology the most effective weapon, capable of fulfilling Sun Tzu’s ideal of subduing the enemy without fighting? I believe it is.
          And of course these kinds of wonderful opportunities never come by themselves or by way of chanceous nature. No no, they require a lot of work behind the scenes.

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

            I am afraid viruses are real. We have discussed this before.

            • JMS says:

              What does it mean to be “real” in this world of fake science, fake figures, fake images and fake news? Surely very hard to discern the truth among such amounts of fog.
              I would say that the reality of viruses is similar to that of figures like LeeOswald and BinLaden: they exist, but they don’t do what the authorities attribute to them.

            • JMS

              I thought it wouldn’t take long for the conspiraholics added JFK to their list

            • JMS says:

              Norman, if you don’t know that conspiracy theories about jfk’s death have been around since the 1960s, either you have spent the last fifty years in a cave on Mars, or you can’t actually be older than twelve, in which case this grandpa scoffing persona of yours is a gerontophilic fantasy of a child with more imagination than sense.
              C’mon tell us the truth. How old are you? Or how did you manage to survive so many decades on a planet deprived of oxygen and whiskey?

              https://www.maryferrell.org/showDoc.html?docId=53510#relPageId=2

            • my age is common knowledge in ofw–ask Eddy.

              in fact i got a gold watch from Gail for being the oldest commenter (duly engraved of course)

              the JFK comment was in response to your ‘fakery theme’—I’m fully aware of the Oswald nonsense–plus all the rest of it—any major event has its following of conspiraholics.

              my birth had the same problem—my gf says i’m faking it

      • Tim Groves says:

        “For contagion to be real, it would have to occur all the time. If it only “occurs” sometimes, it is scientifically legitimate to doubt its existence, right?”

        If contagion occurred all the time, we’d all be dead. All those nasty bugs, being passed from everyone to everyone else. We wouldn’t stand a chance.

        And if contagion never occurred, we’d have no infectious or contagious diseases and we’d all live happily ever after until some other medical or physical problem caught up with us.

        So, despite your very scientifically legitimate doubt, contagion that occurs some of the time but not all of the time is exactly what we should expect to occur IF contagious viruses exist. That’s the only way a balance can be achieved between pest and host.

        Incidentally, do you accept the existence of bacterial infections like cholera and bubonic plague? I assume you do, and that it is only viral infections that you doubt. If this is the case, then I would say that if bacteria can cause contagion (some but not all of the time), then it is conceivable that viruses can as well.

        But this doesn’t mean that every named virus exists. It is also conceivable that some viral infections have been made up or hyped for various nefarious reasons, HIV as the cause of AIDS being an obvious contender for the title of most over-hyped pathogen since Cuties.

        • JMS says:

          Tim, logic tells us that we can only say that A is the cause of B if and only this relationship can be established in 100% of the cases. If this causal relationship does not occur always, we are forced to conclude that it’s not A that causes B, but something else. In the case of germ theory, this translates into “the terrain is everything, the germ is nothing” (Claude Bernard).

          If you put a hungry lion in front of a fat child, what will happen 100% of the cases is lion attacks child. How can we believe that the same doesn’t happen every time you put a (supposedly) hungry virus in front of a fat cell? (But wait, viruses are not even living beings, and therefore this analogy makes no sense, since the only other known case of a non-living being attacking a living being comes from zombie fiction.)

          I think we cannot compare viruses with bacteria or parasites, because the latter can be isolated and identified, while the former cannot. Furthermore, I don’t doubt that bacteria, parasites or toxins, unlike viruses, can cause disease. What I do doubt is that such diseases are contagious. Besides, it is easy to determine that vibrio cholerae can cause cholera, but if this causal relationship does not occur in one hundred percent of the cases (unlike, for example, a stab to the heart, the result of which is always identical and verifiable) we must admit that other factors are at play. Once again, the terrain is everything (and the germ just an hypothesis too good and convenient to be true).

    • Student says:

      Thank you.
      For Italy I would suggest this tragic and romantic music composed in 1885, sung here by great Franco Battiato in 1999.
      I think that even if one doesn’t know the words could be touched anyway
      All the best to FE and all the best to ourfiniteworld readers.

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

      Man holding a sign saying, “Of course, also all scientists agree when you censor the ones who don’t.”

      I don’t sign in to t.me/TommyRobinson/News, but “Preview” (on my Macintosh computer, on my version of the comments), shows me what is being displayed.

  9. Jarle says:

    Scam 19: Heaps of tax money given to the pharmaceutical industry.

    Support for Ukraina: Heaps of tax money given to the weapons industry.

    It’s great being a capitalist when you have so many useful idiots handling state money …

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

      Lots of weapons making in the US!

  10. tehodler
    tehodler says:

    Gail,

    Is there any way you could clean up the comments section? I used to read you on the theoildrum.com where comments appeared to be well moderated with very little ranting about politician’s dress, attractiveness, the attractiveness of their children, and other extraneous nonsense.

    No one on theoildrum.com spread dangerous anti-vax, anti-science propaganda or outed themselves as morons by spelling it “MOREONS” and no one got their information from From Fox “News,” NY Post, Breitbart, Daily Caller, Infowars, or Zerohedge.

    If you cleaned up the comments section, your site would be much more useful to me.

    • Tehodler,

      Those asking for a ‘santized’ comments section where everything appears consistent with their own beliefs and predilections are just about the lowest form of thinker. Instead of recognising the universal value of free speech and the diversity of thought, your first instinct is to silence those who think differently to you. Speech is not supposed to be convenient, and is not meant to reflect only you, or be “useful” to only you.

      The only ones promulgating short-sightedness authoritarianism in ‘moderation’ must be fundamentally insecure about their own positions.

      • It is up to Gail how much latitude she gives to focus and expression.

        We all enjoy it here, but we should not imagine that she is obliged to give a wide latitude because that choice is somehow dictated by the ‘inner moral truth’ of reality.

        The latitude that Gail allows is a matter of pros and cons both for the central objective of the blog, and for any secondary objectives to which she attributes importance.

        Basically, it is really up to Gail, and we should not imagine otherwise.

        • Tim Groves says:

          Mirror, unless you are using the royal “we”, then you can’t possibly know that we all enjoy it here. For all you know, some of us may visit in order to be miserable.

          • yup

            newspapers no longer publish ‘funnies’ pages

            so ofw is our last hope in that respect

            • Ed – I am interested in energy issues.
              Ed says:

              It would be nice if the WP software offered the option to show fewer or even zero post from a list specific to each viewer. That is censorship done by the viewer.

            • Fast Eddy says:

              You can do it – serve the username …then delete.. I do it quite a lot actually

      • I can’t understand the relevance of the physical attractiveness or otherwise of (female) politicians either, or that it comes under ‘free speech’ to condemn someone as a pedo phile if he happens to offer a different point of view (though that seems to have fallen away lately for some reason).
        Or if the person of contrary opinion was female she ‘belonged on the streets.’ (that was another favourite comment)

        Teholder is quite right in calling out the above, and the constant mangling of the English language, (moron must always be mis-spelt and in caps).

        That is not diversity of thought–it is constant mind numbing repetition to the point where people capable of coherent original thought just shrug and walk away. (this of course leaves the loud mouth convinced that he is right)

        One learns through diversity of thinking. Nothing is learned that way.

        Neither is denial of established science ‘diversity of thought’–it just attracts people of like mind, who collect around such ‘founts of wisdom’ to reinforce their own bonkers version of realities.

        There is no ‘universal value’ in all that.

        • This is probably a slight exaggeration but I certainly had no intention to join in with a ‘white supremacist conspiracy blog’ a la Tommy Robinson and David Icke, and I would imagine that many people take a look at the comments on here and think ‘hmm, no, I do not think so.’

          I know that is not the blog that Gail had in mind or one that she would want to project to the world. But whether all posters are on that same page is another matter. There must be days when people look at the comments and think, ‘goodness, what on earth is this blog, now?’

          • Tim Groves says:

            And I would imagine that many people take a look at the comments on here and think ‘hmm, no, not another screed about Nietzsche’s philosophy” or “Crickey! Not another roll-of-toilet-paper-length exposition of Irish politics!”

            No, not me. I love all that stuff. Very intellectually stimulating. Enormously insightful. Lucid, cogent and erudite. A real tour de force even. But I would imagine there are many many people who just think, “Pass the sick bucket!”

            • Ed – I am interested in energy issues.
              Ed says:

              I have no context for the NI stuff so it means little to me.

        • Tim Groves says:

          “Denial of established science”? Oh, I see, you mean paradigm hugging and consensus worship.

          Jacob Bronowski warned against these vices.

          “It is important that students bring a certain ragamuffin, barefoot irreverence to their studies; they are not here to worship what is known, but to question it,” he wrote.

          Have you ever questioned it, Norman? Ever?
          No, I don’t suppose you ever have.

          Jacob again.

          “Has there ever been a society which has died of dissent? Several have died of conformity in our lifetime.”

          “Dissent is the native activity of the scientist, and it has got him into a good deal of trouble in the last years. But if that is cut off, what is left will not be a scientist. And I doubt whether it will be a man.”

          “Science is a very human form of knowledge. We are always at the brink of the known; we always feel forward for what is to be hoped. Every judgment in science stands on the edge of error and is personal. Science is a tribute to what we can know although we are fallible.”

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

            I think a big part of the problem is “ivory towers” and models based on a very narrow understanding of what is happening. They often are misleading, more than they are helpful.

            • Dennis L. says:

              You can easily do an at home survey. It may be that real science requires real math which is real hard and requires real work. After that comes understanding of the real world.

              Easier to do the French salon and discuss abstract ideas over absinthe.

              Dennis L.

            • Tim Groves says:

              “I understand that absinthe makes the tart grow fonder.” — Ernest Dowson

          • there are 195 nations in the world

            with numerous university science departments in numerous disciplines

            thousands of scientists with different fields of expertise

            numerous fields of research and real time observation and records agree that the world is heating up.

            the vast majority are in agreement, throughout the world, that climate change is happening, right now

            but Tim Groves says it isn’t.

            The past 7 years have been the hottest on record (WMO)
            https://public.wmo.int/en/media/press-release/2021-one-of-seven-warmest-years-record-wmo-consolidated-data-shows
            But all faked

            There were 6 moon expeditions, but Tim Groves says they were all faked.

            One faked—just maybe, but why six?

            I could go on.

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

              They are paid to take the same position as others.

            • it is a matter of public record, for instance, that sea level has risen 8-9” since about 1880

              https://www.climate.gov/news-features/understanding-climate/climate-change-global-sea-level

              warm water expands when heated.

              I think there are just too many people saying the same thing, for a lot of people not to break ranks and say ‘I’m getting paid to say the climate is changing when it isn’t’

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

              It makes absolutely no difference. We have to move if the water level rises. There is nothing we can do to fix it, or prevent it rising further. Obsession on this topic is ridiculous.

            • unfortunately, almost every major city on earth is on the coastline

              sea level rise is only one aspect of the problem

              (denial is the biggest)

            • Fast Eddy says:

              It’s worse… it’s mass psychosis… that is a type of insanity

            • Fast Eddy says:

              Same as the CovCON… they go along to get along — to keep their jobs — and get paid

              You pay me enough — and I’ll say humans are causing worming … or is it cooling … ah .. change… ya I can do that… what’s the offer?

              I am more than happy to be a spokesperson for the jabs… no I won’t take one… but I’ll tell everyone how beneficial they are … not as a community service of course… but for $$$$…

            • drb753
              drb753 says:

              why six? to prove that astronauts can withstand levels of radiations deadly to more than 90% of humans. they are a different breed.

            • Fast Eddy says:

              What did that sign say yesterday that I posted…. when you silence all dissenting scientists… you get consensus … I would add that if you make available many millions of $$$ with more to come if scientists reach the ‘desired results’…. you get overwhelming consensus.

              I posted a good documentary on this the other day… can’t recall the link and can’t find is … cuz google is blocking it from search results

            • JesseJames says:

              This is a very interesting phenomena. We may have been led to believe Globalism was just about trade, or currency to be used, or perhaps VISA, etc. But we have discovered that even global science and medicine has been corrupted by the buyoffs, payments, scientific collusion. The true scale of it is mind blowing. The US and Europe, through their global organizations have their tentacles everywhere…even in cultural organizations.

            • Fast Eddy says:

              You forgot to mention that all the MSM outlets agree norm.

              Go get that 5th booster norm hahaha… The Science. Hahahahahaha…

              duh.

            • Tim Groves says:

              Oh, the fake moon landings? Well, if—and only if—they were genuine, that wouldn’t invalidate anything in the Bronowski quotes above. Norman, you would simply be being right for the wrong reasons!

              The most plausible reason for having six moon landings, and not nine as was originally planned, is that they served to take people’s attention away from ongoing carnage of the Vietnam War, and once that war was concluded an an agreement of “Peace with honor” (as President Nixon described it), the Apollo distraction was no longer needed and so the program was shelved. Apollo 17 (December 7–19, 1972) was the final lunar mission, and the Paris Peace Accords of January 1973 saw all U.S. forces withdrawn from the Vietnam Conflict.

              The crew of Apollo 17 spent over 12 days in space, and were allegedly exposed to solar and cosmic radiation well beyond the Van Allen Belts and the Earth’s magnetic field for most of that time, protected by nothing more substantial than—no, not tinfoil, but a thin aluminum skin. According to Apollo 12 Astronaut Alan Bean, it was only one sheet thick in places on the LEM. They traveled light in those birds.

            • Norm, Jay Hansen was interviewed before he died and said the same about it all regretting he spend 10 years of his life studying, analyng our situation and later determining, like Gail, there is really nothing we can do. About it all. I sympathize with you, but Gail has suggested to us all here to enjoy every day of BAU and be as cheerful with family and friends
              Remember it’s out of our hands

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

              We have known for a very long time that the lifetime of humans is limited. There are a few things we can do to help this situation, including eating a healthy diet, exercising, and keeping up interpersonal relationships. Staying away from clearly risky endeavors might be another idea.

              We have had to live with this situation. The situation now is, in some sense, no different. It shortens our life expectancies somewhat. We have been misled by governments, saying that they can provide a happily ever after situation on earth. We need to live with the same situation that people of all ages have lived with. A large share of them turned to religions of various sorts. They also adopted beliefs similar to, “It takes a village.” If some parents become unavailable, grandparents and aunts and uncles need to step in and take over.

            • all species are programmed to consume energy to the maximum amount available in any given circumstance.

              In the case of humankind, that means burning it to extinction

              as you say–there’s nothing we can do about it

            • Tim Groves says:

              Herbie, I sympathize with Norman too. Or at least, I would if I knew he needed any sympathy. But that’s no excuse for humoring him in his delusions. That would be the worse form of deception.

              It’s also no excuse for accepting his style of non-argument in which he NEVER answers the points put to him and ALWAYS sets up strawman arguments that twist other people’s words totally out of shape, just as he has done again with some of my words here today.

              On the other hand, it is pointless to keep trying to correct his errors, distortions, omissions and evasions because he can put fresh strawmen up faster that other people can knock them down. My best advice, which I really should take, is to take his more outlandish assertions with a large grain of salt.

            • Tim. Fine and we can continue about it and debate if you will till the cows come home…
              Oops afraid they are knocking on the front door..been there, done that and at this point think what you will regarding any issue posted..may help you keep it all together.
              Take care bro…
              PS oh, about the jab…from my experience and others around me…no biggie…like Pee Wee Edwin likes to point out Well all be dead soon anyway….

          • Fast Eddy says:

            I want to think of a benefit that norm brings to the table… but I just can’t…

            He’s a walking talking typing swimming deadlifting old geezer with a brain addled with mass psychosis…

            He is a testament to the adage – you can fool some people some of the time .. but there are those that you can fool all of the time….

            Hey norm — remember WMD…. do you still think Saddam had those… and that the US did not conspire on that?

            And you were what nearly 50 when JFK was shot … you’ve seen the Zapruder film… do you think Harvey did all that damage?

            I am curious – is there any mass psychosis that has not captured your feeble mind?

            You seem to not have the ability to think — you just accept whatever the MSM tells you.

            The only reason you have a clue about energy is because Gail has told you what to think on that.

            You do not have the cognitive ability to work anything out on your own

        • JesseJames says:

          I personally got a great laugh at one of FEs posts yesterday. Keep em coming FE!

        • Fast Eddy says:

          Maybe mark can create a new category for babies

          https://markcrispinmiller.substack.com/p/in-memory-of-those-who-died-suddenly-24d

          Kinda like sacrificing children because — oh yes because norm believes it keeps him safe…

          And norm would be the first to suggest Albright was a monster for killing all those Raqi Babies…

          norm’s portrait will be hoisted on the wall in hell and be mounted next to hitler stalin albright and pol pot.

          norm – you’ll get the fame you always wanted

          • MM says:

            Yes, I wanted to bring up Albright on the Baby Formula thing:
            500.000 dead Babies in Iraq was worth the price.

    • I1 says:

      Stability in the bond market truly depends on conformity of thought.

    • nikoB says:

      tell someone who cares.

    • Student says:

      Tehodler, a good way to have comments in line with what you think is to make a blog with your comments.
      So you can read them and agree with them.

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

      The problems have changed, unfortunately. The truth is not really displayed in standard media, anymore

      The situation we are facing is too dire. No one wants to admit to the situation that we are really facing. The CDC is underfunded due to a lack of public funds. CDC tends to tell the world what Big Pharma wants us to hear because this is where its funding disproportionately comes from. In fact, a lot of the “scientists” pushing these ideas (including Fauci) make money from the vaccines and from the high-priced treatments. Bill Gates isn’t a scientist, but his organization also stands to make money from the sale of the vaccines and from the high-priced treatments. A major part of this effort seems to be related to hiding the role of vitamin D in preventing severe cases of COVID, and from hiding the ability of many inexpensive drugs to provide better treatment than the new drugs provide.

      It also is becoming increasingly clear that the vaccines provide a very poor type of protection against future disease, especially as the virus mutates away from its original form. Vaccinated people can easily spread the disease, without realizing that they are a danger to others. People who caught the illness and have their own antibodies have much better protection against the new variants that we are now running into.

    • houtskool says:

      We are being moderated by politicians and msm already. If you like that, please join them.

      Personally, i don’t like the Ministry of Truth, nor its secretary with his endless brothel of useless text until we’re all dead.

  11. kulmthestatusquo
    kulmthestatusquo says:

    It seems UK will be hit with a fuel and food crisis in the winter.

    The food does not grow from trees and it has to be coming from somewhere, and the fuel too.

    Will Canada supply London enough food or so when the transport cost is high ? Or will UK do the same thing which was done in 1845 to people in the north and Scotland?

    A very interesting prospect, to say the least.

    • Tim Groves says:

      Some food grows on trees.

      For instance, apples. They grow on trees.

      And pears.

      And chestnuts.

      Walnuts, hazelnuts, beechnuts…..

      Also, many kinds of berries grow on trees.

      Such as blueberries, mulberries, elderberries…..

      • Tim Groves says:

        Although technically blueberry trees are classed as bushes, some varieties can grow up to four meters in height, so I would count them as trees.

      • i dislike pointing out the bleedin obvious

        but a adult human body cannot sustain itself exclusively for very long from tree food

        and the uk has 64m people, who might just have a problem finding sufficient food from trees

        • vbaker says:

          I fear for the UK and what will happen once this inevitable breakdown picks up its stride.

          But then I also fear for Canada because most of its fresh food comes from California and Mexico. I wonder how much of that will reach us here.

          Neither country is self sufficient when it comes to food.

          In the mean time, divergent diesel prices seem to indicate that food is about to become a good deal more expensive… which presumably will mean less and less will be transported in. Farmers at the far end will suffer, and slow down production as the cycle of destruction takes hold.

          • the world economic business functions on exchange and trade

            as i see it, in the next few years global food exchange will pretty much cease , for a variety of reasons.

            if food exchange ceases, there won’t be much point in trading any other commodity

          • Fast Eddy says:

            Check out Sri Lanka for where it’s all headed…

        • Yorchichan says:

          “During five years of a purely fruitarian life I never felt weak, nor did I suffer from any disease” – Mahatma Gandhi

          Makes you wonder why he gave it up.

      • Fast Eddy says:

        Oh I am sure they’ll be fine …. I dunno why the Elders are UEPing everyone … the North Koreans have bark and grass recipes — maybe we need to all get our hands on copies.

    • Fast Eddy says:

      If you don’t add enough fertilizer to the crops in Spring … the harvest will be sparse… and the MOREONS will all starve… and rip each others faces off….

      https://youtu.be/oOOghKacg40

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

      War is a convenient situation to blame high prices on.

      • Fast Eddy says:

        Ukele War = False Flag (I thought the footage from the video game and those bodies coming back to life would have given it away … but nope…)

  12. Fast Eddy says:

    Step right up! https://www.scmp.com/news/hong-kong/health-environment/article/3178457/coronavirus-hong-kong-health-chief-warns-jabs?module=lead_hero_story&pgtype=homepage

    I am told that here in NZ there are radio ads running that portray a family – some only got two shots and had really bad covid — others had the booster and they had mild covid. The reality it is the other way around…

    However one can see the effect this propaganda will have on MOREONS who cannot think.

    Australia’s newest coronavirus dictator: ‘Power hungry’ South Australian Labor premier introduces $75k fines and prison time for those who break tough Covid rules https://www.dailymail.co.uk/news/article-10827239/SA-Covid-laws-threaten-two-years-jail-breaches-Premier-Peter-Malinauskas.html

    Just getting everyone ready for Devil Covid…. and the Global Holodomor … can’t have anyway going outside during the starvation ….

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  14. Fast Eddy says:

    Ardern = WOPMAT

    Worst PM of all time

  15. Tim Groves says:

    Freudian slip?

    Former U.S. President and well-known “dry drunk” George W. Bush:

    “The decision of one man to launch a wholly unjustified and brutal invasion of Iraq. I mean, of the Ukraine… Iraq, anyway…..”

    https://twitter.com/bnonews/status/1527096243821989888?s=21&t=lhm2bh3QSJZv51u-nVNUnw

  16. Fast Eddy says:

    21 Prepper TV Shows | Survivalism Worth Binging https://www.trueprepper.com/prepper-tv-shows/

    21 shows!!! wow…. it’s almost as if they have been creating another form of mass psychosis…. so that when we get to the point where we are now (at the edge of collapse) the MOREONS do not panic …

    Rather they welcome collapse — because it’s a great adventure — just like on the Tee Vee!

    Try turning off your power for the entire weekend.

  17. Fast Eddy says:

    More deflecting from UEP —- they know FE has worked out the plan and is disseminating it on OFW and SS so they are pushing the alternatives hard now… they are trying to decide what to do about FE… if they kill him (HIM) the UEP is too well known now that this would only add credibility … their Hands are Tied… so they float ever more ridiculous BullShit – and all sorts of people including Malone Yeadon etc… are buying in … we refer to this as the ‘anything but extermination options’

    To those monitoring the communications of FE HE says HE will agree to stop spreading UEP if the following demands are met:

    – private jet with SI Swimsuit models on board and ready (NOT Yumi!) to be made available immediately – start fuelling that f789er at the QT airport for a 6pm departure.
    – large sack of Bolivian Blow…
    – waiver of any injection requirements to any country in the world.
    – free presidential suites in any hotel in any city in the world
    – bacon sandwich and red smarties upon arrival

    All other demands no matter how outrageous or unreasonable must be pre-agreed (e.g. if he wants a pig to f789 boris johnson televised on prime time on the bbc while macron and trudunce sit in the corner making tut tut tut noises…) Absolutely anything … cuz we are in whatever it takes mode now … the UEP cannot be compromised… The needs and desires of Fast Eddy are paramount.

    Centralized Control: The WHO Treaty & Amendments Unleash Tedros as Health Dictator of the World

    The WHO’s Would-Be Treaty Powers

    1.) The authority to declare what constitutes a pandemic. It could be the flu.

    2.) They would decide what the quarantine requirements are. They could put you in a quarantine center or keep you home from work.

    3.) The WHO would decide how to prevent or treat the new disease. They could, yet again, deny doctors the ability to treat patients the way they would like.

    4.) The authority to determine which medications are safe and who develops them. They determine COVID jabs to be safe.

    5.) They would be in charge of how the new vaccines are promoted, including vaccine mandates.

    Tucker: “Here’s what’s at stake: not just your health, but the way that you live and your relationship to the government. Representative government requires your consent … and this eliminates it.”

    Video via t.me/kagbabe

    @VigilantFox | Rumble (https://rumble.com/v15dk2g-centralized-control-who-treaty-and-amendments-unleash-tedros-as-health-dict.html)

    • Kim says:

      If you have a good local Sheriff then all of this is moot.

      First, no treaty is legal until ratified by 2/3 of the Senate.

      Second, States can ignore it.

      Third, and most important, the Sheriff is the highest legal authority in every county in the USA, not the police chief, nor the mayor, nor the man on the tv set. If the Sheriff won’t enforce it, it won’t be enforced.

      So be careful who you vote for locally.

    • Lastcall says:

      Shriek Lanka ; ‘Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948.’

      Well they take the credit ( and bribes) when things fall their way, so here come the pitchforks to balance the book keeping. And this is only about the eCONomy. Wait until the penny drops on the toxic jabs.
      How many Politico’s in NZ are having a quiet reflection on what may lay ahead? I hope none.

      • Rodster says:

        If history has taught us anything, is that it pretty much always ends with pitchforks and torches. My favorite quote: “When people lose everything and have nothing else to lose, THEY LOSE IT!

      • Fast Eddy says:

        Plenty of folks would skin Ardern alive if they could get their hands on her… all that would be left is bone though due to her heavy snorting … I am told she eats very little because of the snorting .. and is nervous like a bird… not much good eating there at all

        • MM says:

          Any international citizen will have no difficulties connecting Sri Lanka with the USA via this hint:

          https://nypost.com/2022/05/05/supreme-court-surrounded-by-fence-after-roe-v-wade-protests/

          Doxing was a new word for me but it might be trending soon.

          I never supported it during my political times because I thought it might backfire, well, you know…

          • Fast Eddy says:

            The abortion thing is just another string to amuse the MOREONS … so they don’t get to caught up in the fact that everything is going to pieces

            • MM says:

              I have not read these news from the very moment I saw it here first because it contained the “vs” thing that is explicit for “divide and conquer”
              I only looked up that very article because it mentions the fact that the residence addresses of two court justices was made public. Visit for 5’o clock tea?

      • Fast Eddy says:

        Shriek Lanka – haha – copywrite that

        • Fast Eddy says:

          Really?

          I been to SL twice but the first time I was with a girlfriend and the second time with M Fast… so I didn’t go to where there might be eye candy… no clubs etc…

          Did he get any … action… or just looking? Seems kinda conservative so tough to score?

          BTW – I was doing battle with Hoolio earlier….. he’s only 15kg but he puts up one hell of a fight …. He’s all muscle and bone (can’t stand the cold because he’s got no fat).. but I can still take him down…

          Anyhow … I was thinking … what if I got my sea fishing rod out with some heavy line … and tied a toy to the end of it .. fired it out into the paddock and tried to haul hoolio in on the rod…. I wouldn’t eat him or nothing like that … and I am sure he’d enjoy the battle….

          Put that up on YT and this could be the Next Big Thing… Dog Fishing

          I wonder if the SPCA would drop by

    • interesting list

      it is put together in a format that suggests it is all ”someone’s fault”—contrived to inconvenience the masses, and somehow ‘government’ should fix it.

      unfortunately energy cannot be manufactured, which essentially the root cause of the problems on that list.

      we’ve had a century or so where cheap energy was available; now we have run into the long-forecast wall where it isn’t.

      And people are screaming as a result, and pointing the finger at everyone but themselves. Inevitably we will reach the point where we start to kill each other to get hold of it. And i mean that in the literal sense.

      Sorry to keep banging the energy drum, but that’s the only one there is.

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

      I am afraid I would pretty much agree.

  18. Fast Eddy says:

    Bob Snow Says He Knows Other Active Pilots Who are Also Having Cardiac Issues Since Their Vaccine

    https://rumble.com/v15ctvy-bob-snow-says-he-knows-other-active-pilots-who-are-also-having-cardiac-issu.html

    “A series of autopsies on fatal breakthrough infections FINDS A POTENTIAL SIGNAL OF ANTIBODY DEPENDENT ENHANCEMENT. The main concerning finding here is that DISSEMINATION OF THE VIRUS INTO OTHER ORGANS APPEARED TO BE GREATER IN VACCINATED CASES especially in partially vaccinated ones”

    The authors say that a high rate of viral dissemination WITHIN THE ORGAN SYSTEM was an UNATICIPATED RESULT of this study. In several cases RNA of sars cov II was found in all the samples (from a particular body) examined including CSF , CNS and soft tissue! (this full body dissemination of covid RNA was found ONLY IN THE VACCINATED).

    Quote..

    This is in strong contrast to a previously published collection of the Augsburg series of NONVACCINATED lethal SARS-CoV-2 infections, in which THE FREQUENCY OF VIRAL DISSEMINATION WAS RARE with a rate of only 16% (three of 19)17 instead of 69%.

    The low Ct-values of nasopharyngeal swabs and lung samples, the latter with abundant viral detection by RNA-ISH, UNDERLINE HIGH VIRAL LOADS IN VACCINATED DECEASED individuals, again with accentuation in partially vaccinated individuals

    A high viral infection, both in terms of the spread within the organ system and viral load in the respiratory system (detected by RT-qPCR), together with high rates of immunocompromising conditions, are the most striking findings of this study, which were accentuated in cases with an incomplete vaccination status.

    https://www.nature.com/articles/s41379-022-01069-9

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  38. ruble up up up to 62 per USD.

    the sanctions are working!

    I Stand With Russia.

  39. Fast Eddy says:

    This makes total sense https://t.me/TommyRobinsonNews/35780

    sriiii lanka https://t.me/TommyRobinsonNews/35789

    Washington state gas stations run out of fuel, prep for $10 a gallon

    “Gas stations in Washington state are resetting their price boards to accommodate double digits in preparation for fuel prices potentially reaching $10 a gallon, according to a report.

    The move comes as several gas stations in the Evergreen State ran out of fuel, the Post Millennial reported.”

    https://nypost.com/2022/05/19/washington-state-preps-for-10-gas-stations-run-out-of-fuel/amp/

    • “This makes total sense”

    • MM says:

      As I am not familiar with US internals, can someone please enlighten me here:

      The US sanctions on oil are only about 3%
      For the EU it “would” be around 25%.
      The price for Diesel at my filling station inside the EU has risen about 50%
      There are no signs of Diesel shortages in the EU, at least nothing in my radar….

      As far as I understand a price above 10US$ a gallon is somewhat 3-4 fold ?

      That does not comnpute for me ?…

      • check this out:

        https://www.globalpetrolprices.com/USA/diesel_prices/

        so USA and EU diesel are both up about 50% in the past few months.

        those WA stations are just preparing for a future where the price per gallon goes above $9.99 which is possible in the next year or two.

        or deflation and the price never hits $10.

      • drb753
        drb753 says:

        You are seeing the very definition of inelastic demand, which yes, does not follow the law of supply and demand.

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

        Oil supply is world oil supply, or close to it. There are transportation bottlenecks that make it not work that way.

        The world uses 100% of what was previously produced. Anything that indirectly reduces the amount of diesel being put on the world market will tend to tighten the world market. The most vulnerable places will be at transportation bottlenecks, like Seattle, the EU, and the Northeast US. If Europe refuses Russian produced diesel, it should not expect it to be replaced on the world market.

        I don’t think that the price in Seattle is yet above $10 a gallon.

        “The price for Diesel at my filling station inside the EU has risen about 50%. There are no signs of Diesel shortages in the EU, at least nothing in my radar…” High prices are a sign of shortages in the EU. Empty shelves, in a short while, will be another sign.

        • Fast Eddy says:

          “The price for Diesel at my filling station inside the EU has risen about 50%. There are no signs of Diesel shortages in the EU, at least nothing in my radar…”

          No shortages because the high price is causing people to reduce their burn?

  40. Fast Eddy says:

    The Degeneracy Tour https://t.me/TommyRobinsonNews/35769

    And now we have hard core po r n for primary students – in their text books hahahaha

    I’m about to contact my kids school and demand an inventory list from their damn library!
    Book is called “my body is growing, a guide for 4 to 8 year olds”
    Read that again FOUR TO EIGHT YEAR OLDS!

    https://twitter.com/SuzCrimi/status/1526745011131408384

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

      How to cut energy supplies, without even trying.

    • Rodster says:

      Don’t you just love how politicians just pass the buck and blame someone else with the cliche phrases like “greed”. Price controls never work because it doesn’t give an incentive to cut back. Americans love their gas guzzling SUV’s and trucks.

    • Fast Eddy says:

      So 6 buck diesel is because big oil has tripled their margins…??? hahahahaha….

      Ask Herb Stein what he thinks about this latest move….

  41. Fast Eddy says:

    Remember how they were telling us covid was causing organ damage……

    Remdesivir for Babies: FDA Gives the Rubber Stamp After a Third of Animals Suffered Kidney Failure

    Dr. Ryan Cole: “This is a very kidney-toxic drug, and in animal trials, a third of animals went into kidney failure after remdesivir. And remdesivir, in November of 2020, the WHO said, ‘DON’T USE REMDESIVIR! It doesn’t work. It doesn’t add [any] survival benefit. It adds no benefit. Don’t use remdesivir.’ And yet here we are [using it] in the United States. A hospital will get a 20% bonus on the hospitalization if they put that needle in the arm of the individual and give remdesivir, so there’s a huge financial incentive to give a kidney-toxic drug.”

    @VigilantFox | Rumble (https://rumble.com/v15b85f-remdesivir-for-babies-fda-gives-the-rubber-stamp-after-a-third-of-animals-s.html) | Full Video (https://www.redvoicemedia.com/video/2022/05/cancers-taking-off-like-wildfire-vaccine-side-effects-dr-ryan-cole-sits-down-with-chd-tv-video-interview/)

  42. Fast Eddy says:

    norm – this is for you

    Would You Cut Off Your Hand For a Runny Nose? Then Why Would You Inject Your Child?

    Dr. Zelenko: (http://t.me/Zelenkoprotocol) “CDC says that children 18 and under have a 99.998% recovery rate from COVID with no treatment. In medicine, there’s something called ‘medical necessity.’ Just because I know how to do something doesn’t mean I have to do it. The silly example: someone comes into my office with a runny nose, and I amputate their hand. Well, I mean, I know how to amputate a hand, but it doesn’t mean this runny nose needs that. So that’s the point. It has to be necessary before we do something. Where’s the necessity in vaccinating children for something that is safer than the flu [for them]?”

    @VigilantFox | Rumble (https://rumble.com/v15athn-would-you-cut-off-your-hand-for-a-runny-nose-then-why-would-you-inject-your.html) | Full Video (https://www.redvoicemedia.com/video/2022/05/dr-zelenko-exposing-the-evils-of-medical-tyranny-the-world-economic-forum-and-the-great-reset-agenda-video/)

    • Gumtoo says:

      The vid isn’t particularly dangerous to anyone, if it even exists. No pandemic has occurred. The data is all there, issued from government websites. The whole thing was/is a fraud.

  43. Fast Eddy says:

    The number of women on long term sick is more than 6 standard deviations from the mean. This is astronomical.

    A rise began in 2019, plateaued from March 2020, fell in winter 2021 but rocketed since March 2021.

    If this were mental health issues from lockdown or long covid why…

    https://t.me/DowdEdward/435

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