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.
This entry was posted in Energy policy, Financial Implications and tagged , , . Bookmark the permalink.

4,216 Responses to Is the debt bubble supporting the world economy in danger of collapsing?

  1. Michael Le Merchant says:

    German farm owner saves fuel money with horse-drawn carriage

    SCHUPBACH, Germany (AP) — Stephanie Kirchner’s journey to work has got longer but, she says, cheaper: she has left her SUV at home and switched to real horse power.

    Stud farm owner and horse trainer Kirchner, 33, says she decided “it can’t go on like this” after fuel prices jumped following the Russian invasion of Ukraine. “Since I also suspected hay harvesting and everything else will become much, much more expensive, we said, ‘we have to save a little money,’” she says.

    So she has switched to traveling the roughly 6 kilometers (3 1/2 miles) from her home in western Germany by horse-drawn carriage. That turns a one-way trip from 10-15 minutes to as much as an hour.

    • If your time isn’t worth much, and you have food for the horse and a place for it to stay, I suppose this works.

      The cost in lost time and in stabling costs (including food and water) are likely higher than than the cost associated with driving the 3.5 miles.

      Taking a bicycle would be another, cheaper option.

      • Dennis L. says:

        Electric bike, charge with solar, bummer in Germany as not as much sun I have been told/read somewhere.

        Dennis L.

        • Bike takes less electricity to charge than an electric car, however.

        • nikoB says:

          Charge it by pedaling at home to generate electricity to store in the battery. Of course it is a good lesson in efficiency as for every 100 cycles at home to charge the battery you will probably only get 20 back to use on the road, wouldn’t be surprised if it was less.
          Thinking about it, this would be a great lesson to show e bike enthusiasts just how much power is lost in conversion and storage.

      • Fast Eddy says:

        tough to scale any of this and not starve billions

    • Harry McGibbs says:

      “Germany eases cost of living crisis with €9 a month public transport ticket…

      “A €9 a month ticket scheme is to be introduced from 1 June allowing travel on all modes of city and regional transport. A different ticket will apply for each region and it will be available for three months until the end of August.”

  2. Hubbs says:

    This caught my eye. A repost on ZH from Tom Luongo

    Basically, the real relative value of comodities compared to traditional value added products may have to be recalcualted in terms of PPP (Purchasing Power Parity). This applies to the financial markets vis a vis the value of the commodity backed ruble to fiat US dollar.

    • One of the things Luongo says is

      Gresham’s Law has never been wrong.

      Overvalued money circulates to procure unearned goods in the real world.

      Undervalued money is hoarded because savings is the pre-requisite of capital deployment.

      We are at the end of the cycle where the pile of real wealth has built up for decades unable to express itself while the ultimate psy-op fuels the biggest Ponzi scheme in history.

      When the confidence in the overvalued money (debt) falls, inflation rises rapidly as people demand goods and eschew money. This will raise the prospect of the undervalued money (commodities) entering into circulation as its true value is finally expressed in the market.

      Of course, overvalued vs undervalued currencies are currencies valued with Purchasing Power Parity. The US dollar is very overvalued on this basis. The Ruble has been very low.

      Given all of today’s problems, I am not certain how this needs to work out in practice. Somehow, the goods available need to flow to the people producing them, or they will stop producing them. At a minimum, there needs to be a big shift away from value added by financial engineering, high tech medical, and the production of entertainment. Parts of the world that are isolated geographically will have particular problems, unless they are self-sustaining.

      • Dennis L. says:

        It would be nice to know a good metric. Recent ISU had simple graphs/ tables of grains, all in nominal values; no way to compare.

        Right to work/repair was discussed, I have mentioned earlier a 1998 or so JD with very low hours, original price $88K, recent auction price $166k. It can be fixed by an other than JD technician.

        I suspect newer farm machinery will depreciate rapidly in price, probably go to lease only and then be scrapped.

        Dennis L.

  3. Fast Eddy says:

    Todler has… left the building.

    Probably off to get that coveted 5th Booster Shot

    norm – at what point do the boosters actually kick in and do what they said they’d do… do you think by the 10th shot?

    • Monkey pox looks a lot like shingles, according to the preview.

      • nikoB says:

        Seems very catchy. Almost infectious.

      • Tim Groves says:

        Shingles is caused by the chickenpox vaccine, which lays dormant somewhere in the body — a kind of viral dormitory, no doubt — of everyone who has ever had chickenpox, which is almost everyone, and then strikes when the immune system is at a low ebb.

        For instance, there’s the case of UK Labour MP and leader Michael Foot. When he died aged 95 in 2010, the Guardian wrote in his obituary:

        As a young man, Foot was plagued by asthma and eczema. He almost lost his life in a car accident in 1963, which left him with his characteristic, lopsided walk. In 1976, after an attack of shingles, he lost the sight of one eye. Yet he was essentially, as Jill liked to say, “as tough as old boots”.

  4. Rodster says:

    According to economist and forecaster Martin Armstrong, Sri Lanka is the first in the emrging markets to default on its debt. He expects more defaults.

    • Harry McGibbs says:

      First Asian-Pacific nation to default this century, the article says. We’ve already seen emerging market nations like Argentina, Ecuador, Lebanon and Zambia default in the Covid era. Many more, like Tunisia, are circling the drain.

    • I am afraid there are an awfully lot of countries headed for default.

  5. Harry McGibbs says:

    “Age of Scarcity Begins With $1.6 Trillion Hit to World Economy.

    “The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace… “Fragmentation is going to stay,” says Robert Koopman, the WTO’s chief economist.”

  6. Lastcall says:

    Smallpox 130 years ago; Convid today….

    ‘A situation emerged I term the vaccine positive feedback cycle. Keep in mind that most systems in nature are instead negative feedback systems. In these, when something occurs, it self-corrects the system and turns it off rather than accelerating it, as occurs in a positive feedback system.

    The cycle is as follows:

    A concerning disease exists

    Immunization is cited as a potential solution to the problem

    A preliminary immunization campaign is conducted and makes the problem worse

    As the problem is now worse, the need for immunizations to address it increases and another campaign is conducted

    This makes the problem worse

    This increases the need for more aggressive measures to increase immunization

    This makes the problem worse and further perpetuates the cycle, before long leading to very questionable governmental policies designed to force unwilling parties to vaccinate.

    The underlying drivers of this process seem to be an unquestionable faith in vaccination, a conviction dating back to the days of smallpox, that vaccinating an ever increasing proportion of the population through vaccination can end epidemics (now termed herd immunity), and the government having limited options to address the issue besides immunizations and governmental force.’

    • Lastcall says:

      It gets worse….

      ‘Smallpox Vaccine Injuries

      While official medical pronouncements always heralded vaccination as a very safe procedure done with “pure lymph,” this view was not universal (and as detailed above, disproved with analysis of the vaccinations). The early Osteopaths and Homeopaths (and others) repeatedly detailed the significant novel acute and chronic illness created by smallpox vaccination and believed it was not the correct way to approach medicine. Interestingly, many of the symptoms they reported are now recognized as signs of complications of a hyper-coagulable state in the blood, a trait that appears to be shared with the COVID-19 vaccinations and can be triggered by viremia.’

      But you know, get the Jab so we can all get around…’

      • Lastcall says:

        One of the commenters on that thread….

        ‘I went back and looked at Plato’s cave analogy. Prisoners were deceived that the shadows on the wall were reality while they were created by their captors using puppets between the fire and the wall. Those who ventured outside the cave and returned to reveal the reality of the world were believed to have been struck blind by their exposure to the light when their eyes did not immediately adjust to the gloom and their testimony was dismissed.’

        Too many, Dunks, Norms, Spikes, Brains out there to bother with the message. Popcorn.

    • JMS says:

      Thanks for the reference. A nice video I found on that site

      Vaccine Zombie

    • Good points!

      The underlying drivers of this process seem to be an unquestionable faith in vaccination, a conviction dating back to the days of smallpox, that vaccinating an ever increasing proportion of the population through vaccination can end epidemics (now termed herd immunity), and the government having limited options to address the issue besides immunizations and governmental force.’

      Also, if the vaccinating is not working, keep doing more of it.

  7. Harry McGibbs says:

    “UK consumer confidence falls to lowest on record.

    “The UK consumer confidence index fell 2 percentage points to minus 40 in May, its lowest since records began in 1974, said research company GfK in a report published on Friday.”

  8. Harry McGibbs says:

    “Japanese Prime Minister Fumio Kishida said on Saturday (May 21) that he was disappointed in China’s efforts to develop areas in the East China Sea, saying that it was “unacceptable”.

    “Speaking to reporters in the western city of Kyoto, he said that the government had lodged a complaint against China via diplomatic channels.”

    • Harry McGibbs says:

      “Beijing has criticised Japan’s recent comments on Taiwan and warned it not to join forces with the United States to confront China.

      “Foreign Minister Wang Yi made the comments in a call with his Japanese counterpart Yoshimasa Hayashi on Wednesday – two days before US President Joe Biden starts his visit to East Asia to push forward his Indo-Pacific strategy.”

      • Japan and China are not getting along!

        • Tim Groves says:

          Nothing new there. But at least they aren’t calling for the assassination of each other’s leaders.

          When Koizumi was Japanese PM from 2001 and 2006, he upset both China and South Korea by stating his opinion that during WW2 the Japanese were fighting to liberate Asia from European rule.

          This didn’t go down well at all on the continent and stubbornness was displayed on all sides, so there were no top level meetings between Japan and China or Japan and South Korea for several years. But this didn’t stop economic and business relations from carrying on as normal.

  9. Harry McGibbs says:

    “Dow Jones industrial average on longest losing streak since 1932.

    “The Dow Jones industrial average suffered its eighth straight week of declines, ensuring its longest losing streak since 1932, despite adding 8.77 points to 31,261.90 yesterday… The sell-off started weeks ago with a flight from technology stocks, but analysts said investors had been spooked this week by signs of collapsing consumer confidence.”

  10. Harry McGibbs says:

    “US Growth Seen Outpacing China’s for First Time Since 1976.

    “China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington.”

  11. Lastcall says:

    Nice, but long, article; mentions Nestle debacle, amongst other manufactured healthy diet lies.

    ‘In numerous (well referenced) books I have read, a central theme espoused by the planners and think tanks of society, is that the ideal governance of society is in a state of perpetual war, as the populace can then be unified and steered in whatever direction is needed. In addition to overt wars (which are often too damaging to handle), abstract wars are often suggested as suitable wars. Commonly cited options include:
    A war on an abstract human enemy that can never be defeated (terrorists, drug traffickers)
    A war on an environmental catastrophe that will always be in the future (before climate change we had global warming, and before global warming we had global cooling)
    A war on some type of disease, typically an infectious one, although others like cancer have also been tried.’

    ‘I believe this topic is best summarized by George Orwell’s quote: “All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.” ‘

    • One of the big advantages of a war on something/someone is that a country can borrow money and used that money to push the economy along. Making armaments provides lots of employment, for example.

      The big thing a country doesn’t want is to be damaged in the war effort.

    • better learn to spell it first eddy

      without caps

  12. Ian says:

    I came across this page, written before all this got started. Until this morning and reading this article and then doing more research, I had not been taking monkeypox seriously.

    It says various interesting things. “Historical” information like this is likely more reliable than news articles posted in the last few days, but – after all this was written – the virus itself may have mutated and/or been modified in a lab:

    Infected animals may be contagious 1 day before and up to 21 days after the initial symptoms appear, or until all skin lesions have formed scabs and no other symptoms are present. Animals can transmit the virus by direct contact ***or in aerosols***
    Monkeypox is a “notifiable disease”.
    Some animals have only skin lesions. In more severe cases, coughing, nasal discharge, dyspnea, anorexia, facial edema, oral ulcers, or lymphadenopathy may also be seen. Disseminated disease, with visceral lesions, is uncommon in natural infections. Pneumonia is common only in monkeys infected experimentally by aerosol.
    Most cases are zoonotic and occur after contact with an infected animal, but human-to-human transmission has also been seen. Person-to-person spread probably occurs as a result of skin-to-skin contact or in aerosols. So it can be transmitted to humans by animals; presumably also by humans to animals
    The U.S. Centers for Disease Control and Prevention (CDC) recommends disinfection of contaminated surfaces with 0.5% sodium hypochlorite or other EPA-approved high-level disinfectants.
    In humans, monkeypox resembles smallpox; however, the symptoms are generally milder and, unlike smallpox, the lymph nodes are usually enlarged. The initial symptoms are flu-like and may include fever, chills, headache, sore throat, myalgia, backache, fatigue, lymphadenopathy, a nonproductive cough, and, in severe cases, dyspnea. A rash, initially characterized by macules and papules, develops 1 to 10 days later; the macules and papules develop into vesicles and pustules (“pocks”) and, in the final stage, form scabs. The skin lesions usually occur mainly on the extremities but can also be seen on the head and torso. The illness generally lasts for 2 to 4 weeks, and the skin lesions usually resolve in 14 to 21 days.
    Monkeypox is a communicable disease in humans. Only limited human-to-human spread has been reported in the past, with estimated transmission rates of 3.3% to 30%; however, during a recent outbreak in the Democratic Republic of Congo, the transmission rate was estimated at 73%. Infected individuals may be contagious from 1 day before the rash appears and up to 21 days after the initial symptoms, or until all skin lesions have formed scabs and no other symptoms are present.
    Diagnostic Tests. Monkeypox can be tentatively diagnosed if the characteristic skin lesions are present and there is a history of exposure. A definitive diagnosis can be made by isolating the monkeypox virus or by identifying orthopoxviruses in skin lesions with electron microscopy. Viruses may also be found in throat and nasopharyngeal swabs. In addition, monkeypox infections can be confirmed with polymerase chain reaction (PCR) tests or immunohistochemistry. Serology [blood tests] may be helpful.
    In particular, HIV infection, with its concurrent immunosuppression, is common in the parts of Africa where monkeypox occurs. [those vaxxed against Covid may be immunosupressed]
    In one study of 300 patients in the Democratic Republic of Congo, the overall mortality rate was 10% and the mortality rate in unvaccinated children was 15-20%

    You can read online and decide for yourself.

    Also read Igur Chudov’s excellent article, already referenced by Fast Eddy:

    also this from 2018, “Emergence of Monkeypox as the Most Important Orthopoxvirus Infection in Humans”

    And consider mutations, “Increased prevalence in humans, particularly immunocompromised hosts, may also provide more opportunity for monkeypox virus to acquire mutations that increase its fitness in human hosts, possibly leading to increased transmissibility, virulence, and pathogenic potential” :

    Next please consider this, from March 2021 when a “study” was done (again, already referenced). And let us perhaps assume that this latest outbreak (suddenly appearing in so many different places simultaneously, just like with Omicron) was “engineered” and so the actual Monkeypox produced this time is not natural, but made in a lab. How did they get the date (May 2022) right, back in early 2021, using a scenario in a “study” ??? More importantly, how did it suddenly appear in many countries that are far apart?

    Referenced by Igor Chudov, there is a PDF file, in which a chart appears “Scenario Design Summary” (similar to Event 201) from a study or simulation carried out in March 2021 with “MOVES 1 to 3” and a “Roundtable”. It estimates 271M deaths by the end of 2023.

    In summary, Moneypox (whoops, a typo … of course I meant Monkeypox …) fits the bill to replace “Coronavirus”.

    It is the perfect candidate, as it has everything needed – aerosol transmission (masks), flu-like symptoms (so just like Covid 19), possible asymptomatic transmission, possible mutations and “vaccine resistance”, PCR tests, disinfecting surfaces, nasal swabs …

    Now we just need some human deaths (and animal deaths) from things like respiratory failure and pneumonia resulting from infection with a lab-modified version of the virus. Like with Covid, deaths from all kinds of other causes including influenza can be classified as from “Monkeyvirus”.

    Presumably those of us who were vaccinated against smallpox in our youth will have some degree of protection against monkeypox.

    Once this has spread around all the continents, draconian controls can be introduced after it’s reached most countries. How did it suddenly appear in so many countries at once? Why was Bill Gates talking about a smallpox virus? Why were Astra Zeneca using a monkey virus in their vaccine? Why have so many vaccines been produced and now are being ordered by governments for what has been a rare disease?

    I think my point is that it’s lab engineered, not the monkeypox of the past. And so it’s deliberate (planned), not coming from nature.

    Tell me I’m wrong. I hope I am wrong. Time will tell.

    • RationalLuddite says:

      Excellent post Ian. Greatly appreciated.

      In my opinion I think we can see the game plan of the CEP now:

      1) the whole Covid19 Pandemic was, obviously, merely a ruse to scare and coerce the majority (13 in 14? RIP Rick Mayall, you tried to warn us) injected with a supposedly rapidly or “untested” concoction. Oh it was tested alright, by Darwinian Chemical Solutions (no red flags in that name. Nah, innocence personified) , the direct predecessor to Moderna, from 2000 to 2010.

      2) the mRNA + paramagnetic nano inclusions concoction was then mainlined into people’s bloodstream. It’s purpose? Principally to give ALL those foolish enough to choose (yes, choose) to accept it Vaccine induced AIDS, to turn off their innate immune system AND, to ensure the job is done, hyperspecialise their adaptive immune system (nice, hey)

      Now, the nuance most seem to miss is that the VAIDS itself isn’t going to kill many directly, in a short timeframe it doesn’t need to. As fundamentally the main purpose of the mRNA injection was to cause a PHASE CHANGE to the injected’s immune system, to a level BELOW MAINTENANCE. This is important – as now (as with standard AIDS, whatever its cause) this opens the way for the spread of previously benign viruses. Whereas in the past these were eliminated by the person’s immune system, now they will kill the majority far more readily than in the previous immune phase. Moreover, there is less to prevent the spread in the population in general.

      Anyone who got the jab is now more vulnerable,… to anything.

      Stage 2 completed.

      3) so, now with 5.2 billion people having a compromised immune system, they are more vulnerable to anything than the unvaxxed. Now the CATABOLLIC COLLAPSE in the vaxxed’s immune system can be NUDGED ALONG (ironically via metabolic 90 day progression). I say catabollic collapse as the immune system is now sub-maintenance, they are in a LOWER LEVEL, a PHASE SHIFT, and slowly heading lower thanks to mRNA spike metabolic progression. Yes this WILL kill them in time, but the problem of that is:

      i) it’s reasonably slow, especially in the elderly (the ‘liabilities’, both financial and energy wise) and

      ii) cause of death, the underlying cause of death, could well be traced back to those “safe and effective” mystery mRNA injections.

      So to accelerate the die-off (Seneca’s energy cliff is upon us now, and the idiots didn’t see it coming, truly … well perhaps Mr Rockefeller did) and to obfuscate causation (95% of people can only understand 1st order cause or effects) they DELIBERATELY INTRODUCE usually low mortality but unfamiliar to the innate immune system diseases into the population. See, the landscape has now changed, hasn’t it – 80% of the population of the West now effectively have pre-clinical (and increasingly, clinical) AIDS. If you Introduced Monkeypox in 2019, pfffft, it would have went nowhere and the people that would have caught it would have recovered with a few skin scars. No biggie.
      The unvaxxed might catch Monkeypox and the 1% most vulnerable might die, but the rest it will just be a nuisance.

      Now in 2022, however, for the vaccinated, who have pre-clinical to clinical AIDS, well their outcome will be more severe … the NTI is modelling 270 million deaths, so 5% of the vaccinated population, in 18 months .

      The death certificate will, somewhat correctly list the proximal cause of death as Monkeypox, but they will just leave off the underlying cause, VAIDS.

      Then just keep repeating. They can either do – as you astutely suggested – Introduce deliberately enhanced diseases to hurry the process along with visually triggering symptoms (pox, haemorrhagic fever, etc), OR they can just wait for the metabolic progression to do the work and attribute the latest pandemic outbreak to whatever disease roughly matches the mortality percentage occurring, right up to 100% mortality.

      The important things to understand is:

      1) the mRNA injections gave the recipients vaccine induced AIDS, all of them. It is slowly turning off their innate immune system, leaving only a now increasingly hyper-specialised adaptive immune system.

      2) it is progression via 90 day metabolic processes, but in a semi stochastic fashion

      3) with the onset of AIDS a PHASE SHIFT occurred in the immune systems of the injected. They are now sub-maintenance and would die via CATABOLIC COLLAPSE if left alone (cancers, strokes etc). But this process can be accelerated by the artificial introduction or encounter with (say via travel) more unfamiliar diseases (e.g. Monkeypox) to both accelerate the soft kill die-off and obfuscate the true underlying causes.

      • Fred says:

        Great summary.

      • Tim Groves says:

        Two great comments!

        I hope you are both wrong, but I can’t dismiss these analyses out of hand, given what we know of the players involved and the way things seem to be moving.

      • Fast Eddy says:

        The weak spot is that once you sicken/kill enough people the global financial system and supply chains collapse… and all hell breaks lose.

        It does seem the Monkey Pox is part of the plan… it remains to see what the specific purpose is…. it could be another way to get more injections into people to hurry along Devil Covid.

  13. Wet My Beak says:

    Article in sad new zealand online website about author of energy books. Sorry if already posted here.

    Information getting into the mainstream?

    • JesseJames says:

      Wet, this article is disinformation. I quit reading at “Putin regards gas as ‘a geo-political weapon’”.
      This is nothing more than a hit job on Putin. It is rubbish.

    • “a professor of Political Economy at Cambridge University” gives us a clue as to how the article will be written.

  14. Fast Eddy says:

    Oh.. another Hopium Reactor!!!

    Instead of 50 years away it’s only 13… I am super optimistic now!

    China’s fusion nuclear reactor will not crash power grid in world first: scientists
    ‘Heat sink’ filled with molten salt proposed by researchers to turn fusion energy into electricity without bringing power grid down
    The China Fusion Engineering Test Reactor, to be completed around 2035, aims for peak power output of 2 gigawatts

    • Hubbs says:

      Who was quoted saying “We have nothing to fear as long as the word “if” stands in the way.”

      We nothing to hope for (the promise of fusion) as long as the word “proposed” stands in the way.

  15. Fast Eddy says:

    Ex-Sky & ITV News Executive Mark Sharman On How Media Was Warned To ‘Not Question The Official Government Line.’

    ‘It created an environment which led to the biggest assault on freedom of speech and democracy I’ve known in my lifetime.”

    • Rodster says:

      Absolutely and it was done on purpose. You have to question EVERYTHING because few are telling the truth.

  16. Fast Eddy says:

    Health chiefs declare two new Covid ‘variants of concern’ – but experts say there is NO reason to panic

    Only a small number of cases of Omicron BA.4 and BA.5 have been identified so far, but analysis of the available data suggests they are likely to have a “growth advantage” over BA.2, the Mail reports. Erm, the BA.2 wave is over, so of course a new variant would have a ‘growth advantage’ over it. When do you think the scientists will work out that Covid comes in waves?

  17. Fast Eddy says:

    The only one who is not buying into the global govt con is Bossche… and Yeadon recently attacked Bossche citing his ‘questionable time at the Gates Foundation’

    Problem with that is that Bossche has 1. been right 2. wants the injections stopped 3. has been blocked by the MSM 4. has a pile of research done by others pre covid that warns of deploying leaky vaccines during pandemics..

    I have confronted Yeadon on SS with all of this but he has not addressed any of it.

    I know he has read many of the docs in the CEP and has been referencing Tim Morgan’s site asking if others agree — he is aware of OFW but he’s like on Surplus Energy because of Perfect Storm (which he read)… He called Perfect Storm grim reading … so he has some idea of the energy issues.

    I suspect what is going on here is the facts support Bossche but if he is right these other guys know what that means… they do not want to go there… so they jump on the other options … no matter how ridiculous

    Extinction is big deal … when it involves yourself (and everyone you know)

    LifeSite (
    Dr. McCullough: ‘Medical crisis’ is being exploited to push global government – LifeSite
    The world-renowned physician has spoken prolifically about how to treat, and not to treat COVID. Now, he is cutting to the heart

    • davidinamonthorayearoradecade says:

      there have been some significant % increases in excess death RATES, but that has barely moved the dial for total death numbers.

      based on that, I suspect that the world population is still increasing in 2022.

      the recent data says about +80 million per year, about 1/4 million per day, so there needs to be lots of death to negate that.

      when are the big death numbers coming?

      I like to watch.

    • Rodster says:

      Have a listen to this interview

    • According to the article:

      “What we’re seeing now is an attempt for a global world government through the context of medical crisis and medical relief,” McCullough said.

      “The next step in this process is the World Health Organization (WHO) global treaty that will bind countries into this type of totalitarian servitude,” he added, referring to recently proposed amendments to the WHO’s International Health Regulations, that many have pointed out would compromise the sovereignty of nations in the case of a “health emergency.”

      The only thing that an energy deficient world economy can somewhat co-ordinate is shutting down. In that sense, there would be aspects of a world government.

  18. Fast Eddy says:

    is this TEDros???? Very tartish….

    Flashin a bit of belly with that crop top — as he awaits tranny surgery

  19. Fast Eddy says: shingles… monkey pox?

    I hope everyone who injected gets this

  20. Fast Eddy says:

    Warning to Parents 🚨: In April the FDA approved the use of antiviral therapy #remdesivir to treat COVID-19 in infants 28 days + up, despite having ZERO evidence the treatment is effective or safe for young children. Learn the risks + share this video to warn other parents.

    Add that to Bourla’s Twat and come the f789 on … it’s a stitch up … this is an extinction we are looking at…. how anyone could suggest otherwise … boggles the mind

    Wakey wakey

  21. Herbie Ficklestein says:

    I’m on a ROLL

    Pfizer and Moderna created life-saving vaccines. So why are their stocks crumbling?
    Paul Lamonica-Profile-Image
    By Paul R. La Monica, CNN Business

    Updated 2:51 PM ET, Fri May 20, 2022

    New York (CNN Business)Pfizer, BioNTech and Moderna are experiencing a post-vaccine hangover on Wall Street this year.

    All three stocks surged spectacularly in 2021, thanks largely to their Covid-19 vaccines’ success and strong sales. But 2022 hasn’t been as kind to them. Shares of Pfizer (PFE) are down about 15%, while its Comirnaty vaccine partner BioNTech (BNTX) has fallen 35%. Moderna (MRNA) has fared even worse, plunging more than 40%.
    What gives? Sales of the Covid vaccines aren’t the problem. Pfizer has said that it expects revenue from Comirnaty, which it splits equally with BioNTech, to hit $32 billion in 2022 while Moderna has forecast that it could generate nearly $20 billion in revenue from its coronavirus shot this year.
    Part of the reason for the stocks’ slump may simply be that investors already were anticipating strong demand and did what traders do best: Buy the rumor and sell the news. Pfizer’s stock soared more than 60% last year. BioNTech shot up more than 215% in 2021 while Moderna shares rose nearly 145%.
    Upshot to come?
    Looking ahead, however, there could still be some more upside tied to the vaccines — especially for Pfizer and BioNTech’s stocks. Health regulators in the United States approved booster doses of the Pfizer/BioNTech shot for 5- to 11-year olds earlier this week.
    Pfizer also could get an additional boost from Covid treatments thanks to its Paxlovid antiviral pill, which was approved late last year. Pfizer has said it expects $22 billion in revenue from Paxlovid this year.
    Albert Bourla of Pfizer is the CNN Business CEO of the Year
    Pfizer may be best positioned of the three vaccine makers to thrive beyond Covid. The company has been on a buyout binge lately, most recently announcing plans to acquire migraine drug maker Biohaven (BHVN) for nearly $12 billion earlier this month.
    “The deal is a good use of cash for Pfizer, taking advantage of its sizable war chest to diversify into an approved drug that is taking share in the market and could grow revenues meaningfully,” said CFRA Research analyst Stewart Glickman in a report following the Biohaven news.
    The acquisition follows a nearly $7 billion deal late last year to buy Arena Pharmaceuticals, a company developing drugs to treat immuno-inflammatory diseases. Pfizer also acquired cancer drug maker Trillium Therapeutics last year for more than $2 billion. And even after all these deals, the company still has about $24 billion in cash on its balance sheet.
    Pfizer’s diversification is one key reason why analysts are expecting that the company’s revenue will increase almost 30% this year and that earnings per share will be up more than 50%.

    Heres looking to you PeeWee Edwin Eat your Heart Out…to the Moon

  22. Fast Eddy says:

    Must have been a pop up injection clinic in the car park

    So when do we get all the deaths (apparently they are not vaxxed)

  23. Fast Eddy says:

    To keep the likes of norm safe…

    Toddlers to be MASKED in New York City summer camps

  24. Fast Eddy says:

    Feeding the monkeys

    Pfizer CEO Albert Bourla explains Pfizer’s new tech to Davos crowd: “ingestible pills” – a pill with a tiny chip that send a wireless signal to relevant authorities when the pharmaceutical has been digested. “Imagine the compliance,” he says.

  25. Fast Eddy says:

    This is a nice summary of how the Elders have turned everything upside down on purpose

    Must be great fun if you are on that planning committee

    I wonder who put up there hand and said – then we claim men can be pregnant and have abortions…

    Or who said – I know – we allow a male swimmer with full dongle to compete against women and ridicule anyone who says its not fair…

    If I were in there I’d suggest letting Hoolio run the 100m against men.

  26. Fast Eddy says:

    oh like wow… still looks like a man no matter what… I cannot offer any solutions but I would suggest what he’s done .. will make the situation worse

    Congratulations to Sasha Jane Lowerson who is now a mens AND a women’s champion suffer.

    • JesseJames says:

      Congrats to all the “real” women losers! They at least should get a “diversity participation” trophy.

  27. Fast Eddy says:

    “Are These People Stupid?” – The WEF’s Technological Assertions are Based on Fantasy

    Dr. Robert Malone: “The truth is that the technology [to hack human beings] is far more immature than we’re being led to believe. This is basically more fear porn. Okay? And as I listened to the words, and I read the book ‘COVID-19: The Great Reset,’ what I’m struck by is how immature the logic is and how faulty the science is. What is being asserted as truth, as strategy, as current technology capabilities, is a fantasy. And then I have to process, ‘Okay, are these people stupid?’ ”

    @VigilantFox | Rumble (

    • MM says:

      A rich car dealer doing good business is not deemed stupid, even if he can not do anything else. Problems only come up when they aspire to rule the world.

  28. Fast Eddy says:

    Dr. Malone Calls Bullsh*t on Harari’s Hackable Human Beings Claims: “The Tech Isn’t There”

    “I know intimately at the bench, year after year after year, with multiple different technologies, that these technologies are not capable of the task that is being asserted …”

    • D. Stevens says:

      I disagree. The technology for hacking humans has been refined for generations and it has been used to sell everything from cigarettes to wars. The fact all of my work colleagues believe everything NPR says without a shred of doubt and even parrot simple slogans tells me they’ve been hacked no injectable chips required.

  29. Fast Eddy says:

    This is happening in NZ… should FE attend? It sounds like so much fun!


    Who is interested in gathering to watch the LIVESTREAM of tonight’s live session? I have a paid pass, and I’d love to share an evening with others. Please comment if you’re interested. 7.30pm start.

    Conversation tonight: Managing C19 Health Consequences

    This community of trustworthy experts will discuss C19 health consequences, including C19 injection injury causation and treatment, mind health and the role of repurposed medicines. In this conversation health is held sacred and truth is spoken without fear. How do we manage the health consequences of the C19 chapter?

    If people prefer, we can also watch the REPLAY of session 1 from last night instead. Graphic below of speakers: Robert Malone, Robert Kennedy Jr, Geert van Bosch, Peter McCullough…
    View the conference info at

  30. Fast Eddy says:

    Dr Scott Gottlieb Says Monkeypox is “Particularly Dangerous in Immune Compromised Individuals”

  31. Fast Eddy says:

    Is Monkeypox ‘The Next One’?

    This is a little montage I created of related posts I’ve made over the past 6 months

    • Rodster says:

      The authoritarian abuse is just so blatant. When the TSA was implemented in the USSA, that was the last day I boarded a plane. If everyone had done the same, they would have put a stop to it but instead the Plebs, took it up the you know what. So now they keep pushing the Plebs figuring they’re just going to take it and deal with it.

      • MM says:

        This is called “The Foot In The Door Tactic” and it is an old Mafia habit.
        As soon as you comply ONCE, you are trapped.
        The evil must be rooted out at very first sight!
        In Austria they “opened” the hairdressers with The Pass first. If the people just refused to go, all of them with their miinimum swarm intelligence, it would have been stopped soon. And that is sooo simple.
        You just bring up a red line and stick to it. No flyers, no demonstrations, nothing needed. I did it, but I am nobody.
        That is why I call this thing “hairdresser fascism”.

  32. Fast Eddy says:

    This will help reduce jet fuel burn:

    Insecticide Sprayed Over Airline Passengers Around the World
    No warning. No consent. No joke. Passengers are now being sprayed with the toxin Permithrin.

    I just dodged forced injections and nasal probe violations, by connecting through Mexico, on route to a very important event: the inaugural 3 day WCH Better Way Conference ( starting today, May 20th.

    On route, all the passengers including myself were heavily sprayed with the neurotoxin insecticide permithrin ( There was no warning and no consent; that’s assault, and its happening around the world!

    I explain here in 7 minutes: (

    You don’t have to get sprayed with insecticide to attend The Better Way Conference virtually. More info here: (

    • Yorchichan says:

      Pity the flight attendants doing the spraying, who have to breathe in the poison multiple times every week.

  33. Fast Eddy says:

    On May 11, 1987, the London Times published an explosive article titled “Smallpox vaccine causes the AIDS virus.” It has been suggested that the smallpox vaccination program promoted by WHO is responsible for the spread of AIDS in Africa. Almost 100 million Africans living in Central Africa have been vaccinated by the World Health Organization. The vaccine was blamed for awakening the “dormant” infection of the AIDS virus on the continent. The WHO consultant confessed: “Now I believe that the theory of the smallpox vaccine explains the explosion of (the incidence of) AIDS.” Dr. Robert Gallo, one of the discoverers of HIV, told the Times: “The link between the WHO program and the epidemic is an interesting and important hypothesis.”

  34. Fast Eddy says:


    “What is currently happening with the COVID mandates and protests is nearly identical to what happened 135 years ago with the smallpox vaccine campaigns, where the vaccination made smallpox epidemics worse, the vaccines killed a lot of people, the public refused them and governments responded by harsher and harsher mandatory vaccination laws.

    Eventually one of the largest protests of the century broke out in 1885, vaccine mandates were scrapped in one area in favor of alternative management of smallpox, and this is what actually ended smallpox.”

  35. Fast Eddy says:

    ‘DECISIVE ACTION’ Britain’s stockpiles of monkeypox vaccines boosted FIVE-FOLD as fears grow the virus is spreading

    “Sajid Javid has ordered the UK Health Security Agency to take a belt and braces approach and secure a further 20,000 doses.

    It comes as health chiefs have started to vaccinate close contacts of known cases – including medics and relatives.

    The Health Secretary had previously secured 5,000 doses of the monkeypox jab last year to ensure Britain was prepared

    A Whitehall source said: “Sajid directed procurement of the relevant vaccine months ago as a precautionary measure but we are making sure we are further ahead of the curve by taking decisive action to secure even more of the vaccine.”

    • banned says:

      No aficionado of fine injectable gene therapy products could possibly be complete without sampling the monkey pox VAX.

      Take Sonny for instance. He is kookoo for monko pox .

    • Tim Groves says:

      Oh No! Not Savij Jabbid!
      He tried to stick a needle in every arm, but it was all in vein.

  36. Fast Eddy says:

    NOTE: We who believe viruses and virions exist (this channel’s admins) have no problems in believing that terrain also exists. It’s the other side that is dogmatic that there is only one of the two and the other falls outside their Overton window and become dogmatic and intolerant of a both/and rather than either/or binary dualism.

    We call theirs a false binary proposition, ( and consider it another controlled psyop trap they may be falling into.

    Dr Mike Yeadon on the “there’s no viruses” cult:

    • MM says:

      A very long time ago before Zach Bush started promoting his own health products only, his statement went in the direction of:
      “A virus can be seen as some sort of biological information in a biological communications system”.
      I bet when we started from this viewpoint we would come clean with:
      Biology and life as a process of relations between living beeings based on material and non material information, communication and mutual exchange.
      I think this could open up wonderful new pathways…

    • Tim Groves says:

      Broadly speaking, Mike Yeadon is correct. Differences in terrain exist, but pathogens including viruses also exist, and whether they cause a lot of damage or not depends in part on the terrain—including the terrain inside the bodies of larger creatures they infect. I’ll go with that as a working model of physical reality until a better explanation comes around.

      I’ll also add that if you keep allowing yourself to be jabbed, you are going to wreck your immune system and make your terrain a much easier place for viruses to have fun in.

  37. Fast Eddy says:

    ‘We are going to die:’ Sri Lankan PM warns of food scarcity amid economic crisis

    “I can’t predict how things will be in two months, at this rate we might not even be here. Nearby, a long queue had formed in front of a shop selling cooking gas cylinders, the prices of which have soared

    Kinda like a lockdown huh

    We saw the price of natural gas explode pre Ukraine Fake War…. was a decision made to drastically limit the production of fertilizer (which uses huge amounts of gas as feedstock)… because at the highest levels they knew there was no point in planning for a crop … because UEP would be completed before the harvest… instead use gas for immediate essentials like cooking….

    Otherwise the price would be astronomical…

    • MM says:

      Actually my gut feeling of some of the latest news tells me that possibly some are being taken in the “knowing” that the number of people will get down. I mean it is not being said.
      I had that yesterday when the EU announced it’s new plan for renewables that might work for a smaller civilization….
      We had that topic of complex civ vs number of people here of course…

      • Fast Eddy says:

        Oh I see … economies of descale will make renewables work…

        Gail can you do an article on how renewables are feasible if the population is smaller

        • MM says:

          I can run all my appliances on a PV system easily.
          It will be very difficult to run a cement factory with that but Siemens has built a wind park in Morocco just to do that: power a cement factory. I do not say that “we can live like the Jettisons”, what of course all the claims seem to indicate.
          Downscaling is a very daunting task and refusing to think about it will not make it easier. It’s actually moronic.

        • Perhaps a few hundred thousand hunter-gatherers, for example.

          • Fast Eddy says:

            With solar panels to charge their mobile phones!!!!!!!!!!!!

            And eBikes to get around

  38. Fast Eddy says:,c_limit,f_webp,q_auto:good,fl_progressive:steep/

    The price of meth is gonna spike on this!

    Why not just give them Fentanyl… f789 the donuts … you get that booster and you get a bonus jug of the Big F…

    When’s the next election … I’ll right this ship…. I have many Big Ideas. Many Solutions.

    • Handing out cash to fight inflation is really strange!

      • Fast Eddy says:

        Some years ago a hurricane hit us up near nelson … the government in their wisdom hired able-bodies welfare bums to clean up the mess… they got their welfare + salary….

        There was a crew of them working near us … for the most part they hung around smoking and joking (no doubt about how they were getting double pay to do nothing).

        They should pay NZ welfare bums in meth that they seize from police operations — add a case of Kraft Dinner to that … they don’t need money. They just spent it on meth and Kraft Dinner.

        Sad NZ…

  39. Fast Eddy says:


    Hard to imagine the most powerful men in the world meeting a similar fate — but we have to understand – they are powerful because of cheap energy — without that … they are nothing… just old men in expensive suits… there system of control vapourizes… the second BAU collapses.

    Gotta UEP.

  40. Fast Eddy says:

    Remember what happened to the elites during the French and Russian Revolutions ….. once the system collapses … their bodyguards will hand them over to the rampaging hordes…


    You think the Elders are not aware of this

  41. Fast Eddy says:

    There it is norm … the conspiracy document right in front of you …. not much of a conspiracy when you can see the actual document (kinda like Operation Northwoods – if you google that you can find the actual – now declassified memo…)

    Here’s something interesting that is discussed on Twitter right now (hat tip Edward Dowd).

    There was a monkeypox preparedness exercise held in March 2021.

    Apparently, it “simulated” a start date of a pandemic, to be May 15, 2022.,c_limit,f_webp,q_auto:good,fl_progressive:steep/

  42. Fast Eddy says:

    Monkeypox? Why would it now behave so differently? Election? We may have damaged our immune systems (natural innate & acquired/adaptive) with COVID vaccines that latent & other infections come alive?

  43. JMS says:

    Anyone who still insists on the silly belief that elites do not conspire or plan (cause being stupider than any known predator, they can’t identify their own Interests & enemies or something) have a wonderful opportunity to rid themselves of yet another ideological veil by reading Docherty and McGregor’s “Hidden History: The Secret Origins of the First World War.”
    A fairly comprehensive course in political education in less than 400 pages, and a very enjoyable read, IMO.

    Major spoiler:
    “After a century of propaganda, lies, and brainwashing about World War I, cognitive
    dissonance makes us too uncomfortable to bear the truth that it was a small social privileged group of self-styled patriots of the English race, supported by powerful industrialists and financiers in Britain and the United States, that caused World War I. The determination of this London-based Secret Elite to destroy Germany and take control of the world was ultimately responsible for the deaths of millions of honorable young men who were betrayed and sacrificed in a senseless and bloody massacre to further a dishonorable dishonorable cause.”

    • davidinamonthorayearoradecade says:

      “Anyone who still insists on the silly belief that elites do not con-spire or plan (cause being stooooopider than any known predator, they can’t identify their own Interests & enemies or something…”

      of course they con-spire and plan.

      but it seems they were more mentally aware back then.

      now, they are severely miseducated in radddical leffftist universities, and are a literally “elder” group with degrading mental function, and that does not combine well with their paradigm of the world needing to bow down to their psyyyco moreonic woketard ideas of a Great Brainfart Reset.

      their ideas are so detached from reality that they are literally stooooopid.

      • JMS says:

        I don’t know how high Bill Gates ranks on the scale of elderness (not very high, I suppose), but someone who claims to have Vaclav Smil as his favorite author is certainly not the retarded uneducated person of your portrait.
        Which does not necessarily mean, of course, that the phased degrowth plan currently underway is ultimately feasible. About that, the only thing we can guarantee for now is that it is running smoothly, with all its objectives lined up like ducks on a shooting range: demand destruction, demographic reduction, electronic surveillance, information control, etc.

    • Halfvard says:

      Coincidence theorists seem to believe that elite who have access to money, power, & connections are simply self-interested individuals that have no desire to leverage these things together in order to secure more of all 3 of them.

      In reality it probably comes from the propaganda pushes to make “conspiracy theories” low status opinions that only idiots and crazies believe in. Add in the PsyOp ones like “flat earth” that contribute to this belief and you have some excellent manipulation.

  44. Fast Eddy says:

    WHO calls emergency meeting as monkeypox cases top 100 in Europe

    I didn’t make up that headline…

    • A new pandemic!

      • Lastcall says:

        Perfectly orchestrated. This is going to herd the muppets into signing up to the WHO protocols.

        The sooner the injected get infected the sooner the reset can happen.
        The IQ Convid test will sort the virtual signalling ,Intellectual Yet Idiots’ into their concieted caskets.

    • MM says:

      I desperately hope that this will not blow off.
      It might be used to push for the WHO treaty next week only. Bad enough.
      Really bad.
      But even then, the timing, the timing.
      Really bad.

  45. Pingback: ¿Está a punto de estallar la burbuja de la deuda global?

  46. Fast Eddy says:

    Plague diaries – Pox everywhere
    And a potential cure.

    Devil Covid + The Pox…. The Pox is gross — festering disease bubbles all over the skin … that would inspire even greater horror — would you eat a child with The Pox?

    The Elders are very thorough — and thoughtful. It’s not a pleasant job working in an abattoir….

    Even less pleasant this business of exterminating 8B humans. Also complicated.

  47. Michael Le Merchant says:

    Monkeypox Fears May Rescue Endangered Corporations

    Two corrupt companies were in rocky financial territory just a few weeks ago. Now, with concerns over a global monkeypox outbreak being hyped by media and global health organizations alike, the worries – and sins – of these two firms are quickly being forgotten.

    • Companies in need of a new vaccine to sell are happy!

      Notably, this the second time in a year that both companies have benefitted from pandemic or bioterror fears propagated by the media. Last November, speculation rose that a re-emergence of the eradicated virus that causes smallpox would soon take place. This first began with Bill Gates’ comments on the prospects of smallpox bioterrorism during a November 4th, 2021 interview and was followed by the November 16th announcement of a CDC/FBI investigation into 15 suspicious vials labeled “smallpox” at a Merck facility in Philadelphia. Now, roughly six months later, the same fears are again paying off for the same two companies.
  48. Michael Le Merchant says:

    The next shock for homeowners: Surging property tax assessments

    Anne Van Donsel said she didn’t quite believe it when her hometown of Burlington, Vermont, last year sent her a new property tax assessment stating that the value of her home had doubled — raising her property taxes by 20%.

    Her property taxes jumped to about $12,000 a year, up from $10,000, a bump she said is adding to the financial strain as inflation pushes up the cost of food and other necessities. While Van Donsel appealed the assessment, she was given only a small reduction in the value of her home, which didn’t make a dent in her new tax bill.

    “I hadn’t planned on spending thousands of dollars more on property taxes for the year,” said Van Donsel, 59, a state employee.

    • Fast Eddy says:

      Our assessment went up – the new tax bill is gonna be a whopper… nm .. we’ll all be dead soon.

    • Fast Eddy says:

      All those diseases that modern medicine is currently impeding… will strike with a vengeance when BAU goes.

      There are hundreds of them that will let rip within weeks. Cholera will be the thing … when people start shitting on street corners and in the bushes

      • MG says:

        Besides the nuclear waste and other pollution, the ageing and the accumulation of the genetic mutations in the human populations and energy poverty will cause that you will not shit on the street corners but directly in your home/shelter on the floor and in the bed, nobody being able to help you.

    • Anne seems to be in the shared Journo-Rolodex as a go-to for whining about things being too expensive. Here, she’s cutting back on sending Christmas presents:

      She works for the State of VT and makes $93,000/year.

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