Why is the economy headed for a financial crash? It appears to me that the world economy hit Limits to Growth about 2018 because of a combination of diminishing returns in resource extraction together with rising population. The Covid-19 pandemic and the accompanying financial manipulations hid these problems for a few years, but now, as the world economy tries to reopen, the problems are back with a vengeance.
In the period between 1981 and 2022, the economy was lubricated by a combination of ever-rising debt, falling interest rates, and the growing use of Quantitative Easing. These financial manipulations helped to hide the rising cost of fossil fuel extraction after 1970. Even more money supply was added in 2020. Now central bankers are trying to squeeze the excesses out of the system using a combination of higher interest rates and Quantitative Tightening.
After central bankers brought about recessions in the past, the world economy was able to recover by adding more energy supply. However, this time we are dealing with a situation of true depletion; there is no good way to recover by adding more energy supplies to the system. Instead, the only way the world economy can recover, at least partially, is by squeezing some non-essential energy uses out of the system. Hopefully, this can be done in such a way that a substantial part of the world economy can continue to operate in a manner close to that in the past.
One approach to making the economy more efficient in its energy use is by greater regionalization. If countries can start trading almost entirely with nearby neighbors, this will reduce the world’s energy consumption. In parts of the world with plentiful resources and manufacturing capability, the economy can perhaps continue without major changes. Another way of squeezing out excesses might be through the elimination (at least in part) of the trade advantage the US obtains by using the dollar as the world’s reserve currency. In this post, I will also mention a few other ways that non-essential energy consumption might be reduced.
I believe that a financial crash is likely sometime during 2023. After the crash, the system will start squeezing down on the less necessary parts of the economy. While these changes will start in 2023, they will likely take place over a period of years. In this post, I will try to explain what I see happening.
[1] The world economy, in its currently highly leveraged state, cannot withstand both higher interest rates and Quantitative Tightening.
With higher interest rates, the value of bonds falls. With bonds “worth less,” the financial statements of pension plans, insurance companies, banks and others holding those bonds all look worse. More contributions are suddenly needed to fund pension funds. Governments may find themselves needing to bail out many of these organizations.
At the same time, individual borrowers find that debt becomes more expensive to finance. Thus, it becomes more expensive to buy a home, vehicle, or farm. Debt to speculate in the stock market becomes more expensive. With higher debt costs, there is a tendency for asset prices, such as home prices and stock prices, to fall. With this combination (lower asset prices and higher interest rates) debt defaults are likely to become more common.
Quantitative Tightening makes it harder to obtain liquidity to buy goods internationally. This change is more subtle, but it also works in the direction of causing disruptions to financial markets.
Other stresses to the financial system can be expected, as well, in the near term. For example, Biden’s program that allows students to delay payments on their student loans will be ending in the next few months, adding more stress to the system. China has had huge problems with loans to property developers, and these may continue or get worse. Many of the poor countries around the world are asking the IMF to provide debt relief because they cannot afford energy supplies and other materials at today’s prices. Europe is concerned about possible high energy prices.
This is all happening at a time when total debt levels are even higher than they were in 2008. In addition to “regular” debt, the economic system includes trillions of dollars of derivative promises. Based on these considerations alone, a much worse crash than occurred in 2008 seems possible.
[2] The world as a whole is already headed into a major recession. This situation seems likely to get worse in 2023.
The Global Purchasing Managers Index (PMI) has been signaling problems for months. A few bullet points from their site include the following:
- Service sector output declined in October, registering the worst monthly performance since mid-2020.
- Manufacturing output meanwhile fell for a third consecutive month, also declining at the steepest rate since June 2020.
- PMI subindices showed new business contracting at the quickest rate since June 2020, with the weak demand environment continuing to be underpinned by declining worldwide trade.
- The global manufacturing PMI’s new export orders index has now signaled a reduction in worldwide goods exports for eight straight months.
- Price inflationary pressures remained solid in October, despite rates of increase in input costs and output charges easing to 19-month lows.
The economic situation in the US doesn’t look as bad as it does for the world as a whole, perhaps because the US dollar has been at a relatively high level. However, a situation with the US doing well and other countries doing poorly is unsustainable. If nothing else, the US needs to be able to buy raw materials and to sell finished goods and services to these other countries. Thus, recession can be expected to spread.
[3] The underlying issue that the world is starting to experience is overshoot and collapse, related to a combination of rising population and diminishing returns with respect to resource extraction.
In a recent post, I explained that the world seems to be reaching the limits of fossil fuel extraction. So-called renewables are not doing much to supplement fossil fuels. As a result, energy consumption per capita seems to have hit a peak in 2018 (Figure 1) and now cannot keep up with population growth without prices that rise to the point of becoming unaffordable for consumers.
The economy, like the human body, is a self-organizing system powered by energy. In physics terminology, both are dissipative structures. We humans can get along for a while with less food (our source of energy), but we will lose weight. Without enough food, we are more likely to catch illnesses. We might even die, if the lack of food is severe enough.
The world economy can perhaps get along with less energy for a while, but it will behave strangely. It needs to cut back, in a way that might be thought of as being analogous to a human losing weight, on a permanent basis. On Figure 1 (above), we can see evidence of two temporary cutbacks. One was in 2009, reflecting the impact of the Great Financial Crisis of 2008-2009. Another related to the changes associated with Covid-19 in 2020.
If energy supply is really reaching extraction limits, and this is causing the recent inflation, there needs to be a permanent way of cutting back energy consumption, relative to the output of the economy. I expect that changes in this direction will start happening about the time of the upcoming financial crash.
[4] A major financial crash in 2023 may adversely affect many people’s ability to buy goods and services.
A financial discontinuity, including major defaults that spread from country to country, is certain to adversely affect banks, insurance companies and pension plans. If problems are widespread, governments may not be able to bail out all these institutions. This, by itself, may make the purchasing of goods and services more difficult. Citizens may find that the funds they thought were in the bank are subject to daily withdrawal limits, or they may find that the value of shares of stock they owned is much lower. As a result of such changes, they will not have the funds to buy the goods they want, even if the goods are available in shops.
Alternatively, citizens may find that their local governments have issued so much money (to try to bail out all these institutions) that there is hyperinflation. In such a case, there may be plenty of money available, but very few goods to buy. As a result, it still may be very difficult to buy the goods a family needs.
[5] Many people believe that oil prices will rise in response to falling production. If the real issue is that the world is reaching extraction limits, the problem may be inadequate demand and falling prices instead.
If people have less to spend following the financial crash, based on the reasoning in Section [4], this could lead to lower demand, and thus lower prices.
It also might be noted that both the 2009 and 2020 dips in consumption (on Figure 1) corresponded to times of low oil prices, not high. Oil companies cut back on production if they find that prices are too low for them to expect to make a profit on new production.
We also know that a major problem as limits are reached is wage disparity. The wealthy use more energy products than poor people, but not in proportion to their higher wealth. The wealthy tend to buy more services, such as health care and education, which are not as energy intensive.
If the poor get too poor, they find that they must cut back on things like meat consumption, housing expenses, and transportation expenses. All these things are energy intensive. If very many poor people cut back on products that indirectly require energy consumption, the prices for oil and other energy products are likely to fall, perhaps below the level required by producers for profitability.
[6] If I am right about low energy prices, especially after a financial discontinuity, we can expect oil, coal, and natural gas production to fall in 2023.
Producers tend to produce less oil, coal and natural gas if prices are too low.
Also, government leaders know that high energy prices (especially oil prices) lead to high food prices and high inflation. If they want to be re-elected, they will do everything in their power to keep energy prices down.
[7] Without enough energy to go around, more conflict can be expected.
Additional conflict can be expected to come in many forms. It can look like local demonstrations by citizens who are unhappy about their wages or other conditions. If wage disparity is a problem, it will be the low-wage workers who will be demonstrating. I understand that demonstrations in Europe have recently been a problem.
Conflict can also take the form of wide differences among political parties, and even within political parties. The difficulty that the US recently encountered electing a Speaker of the House of Representatives is an example of such conflict. Political parties may splinter, making it difficult to form a government and get any business accomplished.
Conflict may also take the form of conflict among countries, such as the conflict between Russia and Ukraine. I expect most wars today will be undeclared wars. With less energy to go around, the emphasis will be on approaches that require less energy. Deception will become important. Destruction of another country’s energy infrastructure, such as pipelines or electricity transmission, may be part of the plan. Another form of deception may involve the use of bioweapons and supposed cures for these bioweapons.
[8] After the discontinuity, the world economy is likely to become more disconnected and more regionally aligned. Russia and China will tend to be aligned. The US seems likely to be another center of influence.
A major use of oil is transporting goods and people around the globe. If there is not enough oil to go around, one way of saving oil is to transport goods over shorter distances. People can talk by telephone or video conferences to save on oil used in long distance transportation. Thus, increased regionalization seems likely to take place.
In fact, the pattern is already beginning. Russia and China have recently been forging long-term alliances centered on providing natural gas supplies to China and on strengthening military ties. Being geographically adjacent is clearly helpful. Furthermore, major US oil companies are now focusing more on developments in the Americas, rather than on big international projects, according to the Wall Street Journal.
Countries that are geographically close to Russia-China may choose to align with them, especially if they have resources or finished products (such as televisions or cars) to sell. Likewise, countries near the US with suitable products to sell may align with the United States.
Countries that are too distant, or that don’t have resources or finished products to sell (goods, rather than services), may largely be left out. For example, European countries that specialize in financial services and tourism may have difficulty finding trading partners. Their economies may shrink more rapidly than those of other countries.
[9] In a regionally aligned world, the US dollar is likely to lose its status as the world’s reserve currency.
With increased regionalization, I would expect that the US dollar’s role as the world’s reserve currency would tend to disappear, perhaps starting as soon as 2023. For example, transactions between Russia and China may begin to take place directly in yuan, without reference to a price in US dollars, and without the need for US funds to allow such transactions to take place.
Transactions within the Americas seem likely to continue taking place using US dollars, especially when they involve the buying and selling of energy-related products.
With the US dollar as the reserve currency, the US has been able to import far more than it exports, year after year. Based on World Bank data, in 2021 the US imported $2.85 trillion of goods (including fossil fuels, but excluding services) and exported $1.76 trillion of goods, leading to a goods-only excess of imports over exports of $1.09 trillion. When exports of services are included, the excess of imports over exports shrinks to “only” $845 billion. It is hard to see how this large a gap can continue. Such a significant difference between imports and exports would tend to shrink if the US were to lose its reserve currency status.
[10] In a disconnected world, manufacturing of all kinds will fall, especially outside of Southeast Asia (including China and India), where a major share of today’s manufacturing is performed.
A huge share of today’s manufacturing capability is now in China and India. If these countries have access to oil from the Middle East and Russia, I expect they will continue to produce goods and services. If there are not enough of these goods to go around, I would expect that they would primarily be exported to other countries within their own geographic region.
The Americas and Europe will be at a disadvantage because they have fewer manufactured goods to sell. (The US, of course, has a significant quantity of food to export.) Starting in the 1980s, the US and Europe moved a large share of their manufacturing to Southeast Asia. Now, when these countries talk about ramping up clean energy production, they find that they are largely without the resources and the processing needed for such clean energy projects.
In fact, ramping up “regular” manufacturing production of any type in the US, (for example, local manufacturing of generic pharmaceutical drugs, or manufacturing of steel pipe used in the drilling of oil wells) would not be easy. Most of today’s manufacturing capability is elsewhere. Even if the materials could easily be gathered into one place in the US, it would take time to get factories up and running and to train workers. If some necessary items are lacking, such as particular raw materials or semiconductor chips, transitioning to US manufacturing capability might prove to be impossible in practice.
[11] After a financial discontinuity, “empty shelves” are likely to become increasingly prevalent.
We can expect that the total quantity of goods and services produced worldwide will begin to fall for several reasons. First, regionalized economies cannot access as diverse a set of raw materials as a world economy. This, by itself, will limit the types of goods that an economy can produce. Second, if the total quantity of raw materials used in making the inputs declines over time, the total amount of finished goods and services can be expected to fall. Finally, as mentioned in Section [4], financial problems may cut back on buyers’ ability to purchase goods and services, limiting the number of buyers available for finished products, and thus holding down sales prices.
A major reason empty shelves become can be expected to become more prevalent is because more distant countries will tend to get cut out of the distribution of goods. This is especially the case as the total quantity of goods and services produced falls. A huge share of the manufacturing of goods is now done in China, India, and other countries in Southeast Asia.
If the world economy shifts toward mostly local trade, the US and Europe are likely to find it harder to find new computers and new cell phones since these tend to be manufactured in Southeast Asia. Other goods made in Southeast Asia include furniture and appliances. These, too, may be harder to find. Even replacement car parts may be difficult to find, especially if a car was manufactured in Southeast Asia.
[12] There seem to be many other ways the self-organizing economy could shrink back to make itself a more efficient dissipative structure.
We cannot know in advance exactly how the economy will shrink back its energy consumption, besides regionalization and pushing the US dollar (at least partially) out of being the reserve currency. Some other areas where the physics of the economy might force cutbacks include the following:
- Vacation travel
- Banks, insurance companies, pension programs (much less needed)
- The use of financial leverage of all kinds
- Governmental programs providing payments to those not actively in the workforce (such as pensions, unemployment insurance, disability payments)
- Higher education programs (many graduates today cannot get jobs that pay for the high cost of their educations)
- Extensive healthcare programs, especially for people who have no hope of ever re-entering the workforce
In fact, the population may start to fall because of epidemics, poor health, or even too little food. With fewer people, limited energy supply will go further.
Governments and intergovernmental agencies may start to fail because they cannot get enough tax revenue. Of course, the underlying issue for the lack of tax revenue is likely to be that the businesses within the governed area cannot operate because they cannot obtain enough inexpensive energy resources for operation.
[13] Conclusion.
If the world economy experiences major financial turbulence in 2023, we could be in for a rough ride. In my opinion, a major financial crash seems likely. This is could upset the economy far more seriously than the 2008 crash.
I am certain that some mitigation measures can be implemented. For example, there could be a major push toward trying to make everything that we have today last longer. Materials can be salvaged from structures that are no longer used. And some types of local production can be ramped up.
We can keep our fingers crossed that I am wrong but, with fewer oil and other energy resources available per person, moving goods shorter distances makes sense. Thus, the initial trends we are seeing toward regionalization are likely to continue. The move away from the US dollar as the reserve currency also looks likely to continue. Moreover, if the changes I am talking about don’t occur in 2023, they are likely to begin in 2024 or 2025.
Why did Gail give this post the name of ‘—trashed’ as part of its URL?
I didn’t name the post “trashed” on purpose. I had a problem with WordPress. Just before I was going to publish it, I somehow got a message from WordPress that WordPress had put the post in the trash. It asked me, “Retrieve from trash?” I pushed yes, and it retrieved it. I then pushed publish, and it published the post with the name “trashed.” I thought about changing the name, but then I realized that I was getting comments and emails about the post, even with the strange title.
I also knew from past experience that publishing a post under two different names becomes extremely confusing for readers. So I just left it up, with the “trashed” name. Other sites have copied over the post, despite the strange name. I did get instructions for how to fix the name from WordPress. I don’t know whether it would make sense to change the name, once people have stopped commenting out the post. Even then, if other sites have linked to the post with the strange name, that link will be lost.
Look a nazi… https://t.me/TommyRobinsonNews/44407
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F69595fd4-8c60-4367-8725-a00460426de0_926x924.png
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F49949635-88b8-41b2-9e77-6f438ff348ec_902x770.png
To make a laugh…
An apparently quite disappointed Bill at the Australian Open following the unvaccinated Djokovic winning the competition 🙂
https://imgbb.com/wRMLYPz
This is funny norm — to bad you are stroked out and missing it
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F83b08013-9e3b-48b5-bbaa-1d56177e9ef6_1338x1000.png
Is Geert’s Prediction of a Deadlier Covid Variant Coming True?
Excess deaths jump to 20-36% above normal. Does Covid cause delayed deaths that we miss?
https://igorchudov.substack.com/p/is-geerts-prediction-of-a-deadlier
Going through the Drakeford news, I came across this story about their son Johnathan, who in 2018 was jailed for eight years for “rape and actual bodily harm”. It’s a fairly nasty story.
https://www.bbc.com/news/uk-wales-45600558
A 31-year-old man has been jailed for eight years and eight months after being convicted of a “sustained” rape.
Jonathan Drakeford, the son of Welsh finance minister and Labour leadership contender Mark Drakeford, was convicted of rape and actual bodily harm.
Drakeford, of Cardiff, had earlier admitted to a child sexual offence after he communicated with a girl who he thought was 15 on Facebook.
Cardiff Crown Court heard the rape was committed as “punishment”.
Judge Jonathan Furness QC said the victim had been left mentally and emotionally affected by the violent “prolonged” ordeal in November 2016.
In a statement read out in court, the victim said she worried Jonathan Drakeford would “come and get me again”.
“The affect this rape has had on my life is huge – emotionally, mentally and physically,” the victim said in a statement read out in court.
“Since the rape, I have shut myself off emotionally and mentally. It has caused me a lot of stress, including an unborn child.
“I don’t want to be touched by anyone, including my partner.”
The court was told Drakeford had a low IQ, has been assessed as being autistic and his defence barrister said he was extremely vulnerable.
Me again!
Having a son who did this and got banged up for it might go along way to account for why the late Mrs Drakeford has not been well in recent years. I can well imagine the shame and tauma of having to deal with this prematurely aged her.
Also, as Dr. Wakefield and others have attempted to show, there may very well quite possibly be a potential link between getting jabbed and getting an autism diagnosis, and Mrs. D’s sudden death cannot at this time be ruled as unconnected to the COVID shots, so two terrible tragedies in the life of the Drakeford family might arguably be linked to this barbaric, nay, savage, medical practice.
Buzz Aldrin 🚀🌕🤡
https://t.me/JustDudeChannel
Getting closer: he said animation.
But he feels guilty
https://t.me/downtherabbitholewegofolks/63295
Buzz jacks a preacher in the face!
The Greenies won’t want to read this because if they do they quickly realize it leads to UEP.
Are You Really Against Fossil Fuels? Read This Before You Answer
https://www.zerohedge.com/energy/are-you-really-against-fossil-fuels-read-you-answer
I ❤ FF.
the ZH comments about FF are often abbbsurd, where commenters insist that the “fossil” in FF must be dinosaur fossils.
starting from there, they then will insist how fooolish it is to think that crude oil is a “fossil” fuel.
FF powered bAU tonight, baby!
live and learn.
is this how to crank and churn?
❤🤣👍✔👀✨✨✨✨✨
who knew?
MOAR! 🤦♂️🤷♀️🤷♂️🤦♀️😁😁😁😁😁😎😎🎂🐱🐉🍕🥩🥨🥓🥚🌳🌺🥕🌼🌻🌷☘🛹🚲🛴🛵🏍☮☮☮☮☮💤💤💤💤💤
Yeah, the churn is produced by petrochemicals and fine tractors and combines. The turn is in turn powered by the churn. The crankenstein of suck is made of fine materials derived from those pesky fossils.
I ❤️ ⛽️
In the mean time:
(Never mind.)
🤭👍
Iran going hot?
https://www.bitchute.com/video/BA8RiMvKjmMd/
https://www.bitchute.com/video/tYGM9zY9F8TH/
The first video says that two powerful explosions took place in the city of Isfahan, in Central Iran.
The written material under the second link says:
Iran is being attacked by a swarm of drones in different areas.
Iran is attacked by the enemy and raised combat aircraft into the sky. The IRGC has declared increased combat readiness.
▪️The country’s Defense Ministry confirmed that strategic facilities were attacked by UAVs. One of the drones was shot down by air defense, 2 others fell into defensive traps and exploded.
▪️Several facilities producing UAVs and missiles were attacked. “Today at 23:30 there was an unsuccessful attack using a UAV on one of the workshop complexes of the Ministry of Defense in Isfahan. One drone was shot down by air defense fire, and the other two fell on the roof of the building. Fortunately, there were no casualties. Only minor damage was caused to the roof of the workshop. The equipment remained intact. The Ministry of Defense assures that it will continue to take action to ensure security, and these provocations will not affect the life of the country.”
▪️Interestingly, the explosion occurred at a time when the head of the CIA is in Israel.
▪️Isfahan has nuclear program facilities, including centrifuge and uranium conversion plants.
(Reuters)
‘Iranian military factory hit by drone attack’
[…] ‘Iran has in the past accused its arch enemy Israel of planning attacks using agents inside Iranian territory. In July, Tehran said it had arrested a sabotage team made up of Kurdish militants working for Israel…’
https://www.reuters.com/world/middle-east/blast-heard-military-plant-irans-central-city-isfahan-state-media-2023-01-28/
Kurdish are supported for various reasons.
Even if we have to say that sometime they are abandoned and left to their destiny and then helped again.
They live in a territory contested with Turkey, Syria, Iraq and Iran.
They are perfect to destabilize the area, independently by the good or bad reasons they can have.
It can be compared to the creation of Kosovo.
It is interesting that sometime borders have to be respected (Ukraine) and some other times they have to be broken (Turkey, Syria, Iran, Iraq).
Western countries are supporting at the same time to keep untouched some borders and to break some others. People accept the dissonance.
https://www.timesofisrael.com/official-israel-providing-aid-to-kurds-since-us-pullout-in-syria/
The fall in asset values that will occur in the initial stages of the expected 2023 financial ‘stall’ will be an interesting fractal; I am guessing this fall is expected by the WEF and its minions and with the access to capital that they have, this is where ‘you will own nothing’ quote comes from.
My local council, our Govt in NZ , our banks/businesses/farms/industries, are in hock to the international vultures. They will have pledged infrastructure and the rating base, national assets and mortgages (covered bonds) respectively in lieu of repayment.
So we are already ‘owned’, no matter what even if you are personally debt free.
How they collect at cents on the dollar as the system crumbles is another story.
How do they collect?
Dennis L.
Not sure if ‘collection’ is the aim.
Dispossession leading to disarray, leading to dismay leading to destitution leading to dependence leading to despotism.
De future is in D-minor.
D end.
It’s seize the collateral
Den said; “How do they collect?”
Do you consume anything? They are collecting.
Do you have a debit or credit card? They are collecting.
Do you pay for any utilities? They are collecting.
Do you pay taxes? They are collecting.
Do you have insurance? They are collecting.
Do you ever use any healthcare? They are collecting.
Do you have a bank account? They are collecting.
Do you have any investments? They are collecting.
Do you travel? They are collecting.
I can go no all day. There is nothing that happens in the world without the “owners” getting their “vig”.
Financial stall or war or some way to try to cover up the big problems that are occurring?
This is what the Elders fear… and why they created UEP https://t.me/leaklive/11803
In the beginning of 2008 I knew what was coming & often had the thought when out in public that “most everyone has no idea what’s coming”
Have same feeling today and it’s not just a financial crisis.
😞
@DowdEdward
Ok who’s Ed on OFW… is it you Ed?
You are probably right, “it’s not just a financial crisis.”
This is rather amusing … because I believe that they actually believe what they are saying https://sheldonyakiwchuk.substack.com/p/vaccines-increased-covid-fatality
What happened to 100% protection from severe outcomes?
Oh and they also said people would not get covid if vaxxed… how did more get covid after the vax?
Effective is Useless
War is Peace
Sickness is Health
Of course they don’t deny it… but they don’t reaffirm it… it’s all about convincing the MOREONS that this is all about the $$$
https://stevekirsch.substack.com/p/wow-pfizer-does-not-deny-anything
That it’s all been about the $$ is the line of reasoning that most people readily accept, once they have seen how useless and toxic – the vaxxes have been.
And Pfizer’s corporate fines make it even more plausible.
Its certainly a useful cover and distraction for our shady friends, the Elders.
Hopefully they hang Bourla out to dry and hang him
https://t.me/TommyRobinsonNews/44383
Fine choice, sir. The chef will be more than happy to sear both sides for you…
Sunil, is that you, from the Mt Lavinia hotel half a century ago? Their turtle soup was to die for … oh, wait. They did
After recovering from the astonishment as to yr narrative that the Chinese are undertaking neocolonialist lending at low interest because their bubble has “more room to run” and that today the Ruskies are licking the fingers of “AngloZionist imperialism who’d saved their hides from Soviet peak oil” I find myself dumbfounded with diametric disagreement and lost as where to start a reply. Charles XII? Nicholas II vs the backers of the Bolshevics? Silly me, I thought the Zionists were the tool of the Anglo-Dutch financial empire!
What was it Jay Gould reputed to have said around that time “I could hire one half of the working class to bury the other half” or something very like that
In my view the BRI has been the major shift from China this century and that it has a clear global objective. I see the policy as being strategic but not that its goal is expansionist military domination. It’s trade, not rentier parasitism. Everyone has agreed since Cash My Check fled there in 1949 and claimed he was ruler of all China that Taiwan is part of China, but I don’t expect Beijing’s ambitions extend beyond that. Been wrong before, though.
Have you read Brooks Adams, The New Empire? Published 1902 by The Macmillan Company, it was a seminal work guiding the old American Century, a book which seems now almost lost to recognition.
Seven years earlier, Adams had “published his Law of Civilization and Decay, in which he expounded his theory of history. It held that the centre of trade had consistently followed a westward movement from the ancient crossroads in the East to Constantinople, Venice, Amsterdam, and finally to London, in accord with a law relating to the density of populations and the development of new and centralizing techniques of trade and industry.” Britannica
The New Empire is the history of the immense wealth generated by the Silk Road over successive dynasties from the days of Alexander through to the Portuguese, whose sea trade made the Silk Road caravans largely obsolete and focused the European end wealth on the Atlantic seaports. It’s my interpretation that Xi is seeking to expand nations’ mutual trade for win/win not bomb, bomb, as John McCaine elequently put it. I regard the Ruskie participation as a sign that the evil Vlad does not see Russia at risk of neo-colonialism or whatever and he’s in a better spot to judge than me.
I want to think more about your donut universe … maybe next time
thank you for this place, Gail
Sorry to disappoint. 🙂
Chinese lending to Zambia and the like is just merchant banking with Chinese characteristics lol. Let’s not put lipstick on that pig. They lend to subprime markets at decent rates out of self-interest and self-interest alone.
More room to run: “Chinese banks now rank sixth among international creditors, according to statistics from the Bank for International Settlements. Yet China’s overseas bank lending still accounts for only about 5 percent of its total banking assets, suggesting there is still considerable room to expand. By comparison, cross-border loans are roughly 20 percent and 24 percent of total banking assets among U.S. and Japanese banks, respectively.”
“Other research notes that most Chinese infrastructure lending abroad comes via loans on commercial terms (around 90 percent), lent mostly in U.S. dollars at or near market rates, according to AidData. These loans tend to be more focused on energy and other resource-oriented projects, often collateralized with future commodity export receipts or project revenues. Indeed, incentives for China’s international lending program include securing natural resources that China lacks in sufficient quantities domestically, creating overseas demand for oversupplied industrial inputs from China, recycling excess foreign currency from persistent trade surpluses, competing for market share abroad, and for geopolitical objectives. Notably, only roughly a tenth of Chinese overseas infrastructure lending is on highly concessional terms comparable to financing provided by other bilateral aid agencies or multilateral development banks.
Chinese state-owned commercial banks have been at the forefront of BRI since its inception in 2013. AidData’s findings highlight that while China’s policy banks led the increase in overseas lending prior to the inception of the BRI, China’s large, state-owned commercial banks have been the key driver of lending abroad since. These state-owned commercial banks’ overseas loans showed a fivefold increase during the first five years of the BRI, which roughly aligns with the pickup in external lending growth seen in the previous chart.
Growing Challenges and a Complex Road Ahead
As financial conditions in many developing countriens have deteriorated—initially due to the pandemic and more recently as global monetary policy tightens to address rapid inflation—growing evidence indicates that China’s overseas loans are facing increasing repayment pressure. Horn et al estimate that China’s total loan portfolio to borrowing countries in “distress” (defined as countries in arrears or restructuring debt with China, participating in the World Bank’s Debt Service Suspension Initiative, or at war) surged from 5 percent in 2010 to 60 percent at present.”
Link to quoted material:
https://libertystreeteconomics.newyorkfed.org/2022/11/a-closer-look-at-chinese-overseas-lending/
Your description of ‘Law of Civilization and Decay’ reminds me of Giovanni Arrighi’s seminal essay “Winding Paths of Capital” which I referenced here more than once. Perhaps you know it. There is no more path for Capital to wind along. Capital is about to hit a brick wall. The BRI is just Chinese merchant banking subprime death throes. 60pc distressed debt and counting. That’s predatory lending by anybody’s definition.
nah, not disappointed. Just astonished.
Lipstick or not, I have a different interpretation of China’s actions.
Just because China’s commercial bank offshore lending has a lower ratio to domestic lending compared to major western institutions hardly means lending at concessionary rates is because they have “room to move”. What if domestic lending contracts? (Buddha forbid!)
The China Arrighi used as the basis for his entrail stirring was a different China from today. Really; Chinese per capita income 4% of Western economies? The transition he referred to has come about, only along a completely different path
No one knows the future. Brooks Adams was an historian of the past
RAND Corp 2019 – proposes arming Ukraine to destabilize Russia
https://www.rand.org/content/dam/rand/pubs/research_briefs/RB10000/RB10014/RAND_RB10014.pdf
RAND CORP 2023 – proposes de-escalation and negotiations
https://www.rand.org/pubs/perspectives/PEA2510-1.html
Could the about-face have something to do with the war not going as planned? Western LGBTQ+pedo nations have committed suicide and are very slowly beginning to realize it.
Not imo. This is irrelevant. The non public Degrowth Agenda is taking place a level or few above this publication. There can be no peace treaty until the Western establishment has fallen because Russia has formally taken Ukrainian ground as its own but the current Western establishment can never accept that for obvious reasons, so there’s no longer grounds for negotiation.
I think this is interesting. I remember seeing the 2019 RAND Corp report before–how the US can destabilize Russia. How it can exploit Russia’s weaknesses. The 2023 report is a very short, “We need to get out of Ukraine now” kind of report.
Perhaps it is a big “Oops,” in some sense. Supporting this strange group in Ukraine is not going well.
I agree it is in some sense. Obviously it lays some groundwork of legitimacy for a new coalition establishment, one faction of which will be those in the present establishment willing to admit the mistake. And that’s a key faction. It could even be said to be *the* key faction WRT continuity of government. Keystone propaganda like this publication by this group, which subtly shifts the Overton window, are the nuts and bolts of statecraft. It’s like when the PBS Newshour had John Mearsheimer on the show and the New Yorker did a piece on him; both were anomalous antiwar offerings by seamlessly hawkish outlets; they’re planting psychic seeds of catastrophic neoliberal failure for the political acquiescence that follows with a whimper.
Dr Astrid Stuckelberger exposes Dr Ryan Cole lying about graphene oxide in the jabs https://www.bitchute.com/video/q5bU4CHKcM4F/
No mRNA in the vials… https://pseudoscience.substack.com/p/independent-researchers-find-no-mrna
It’s amazing what can graphene do ! Litterally dwarfs the Bossche mutation thing https://zeeemedia.com/interview/karen-kingston-dr-ana-mihalcea-covid-is-a-technological-biological-weapon-hybrid-to-introduce-mind-control-via-injections/
Great comment section at that first link.
As I’ve said here several times, based solely on my BSD signals, bio labs are actually chem labs and bioweapons are just a minomer for chemical weapons.
So I approve the way this commenter thinks:
“If I was eugenicist in all this, I might devise a plan as follows. Fake a virus and invent the need for a so-called vaccine supposedly made of mRNA in LNPs to stimulate Ab production, when in fact it is a chemical poison. You would then have an excuse to jab every arm, which is what they obviously have been trying to do across the world.
In fact to get people off your trail, you could even invent patents for fake SPs, fake lab leaks of fake viruses, fake boosters for added ‘protection’, and let a bunch of substackers bloviate about the viral theory and write articles about all this when in fact you are chemically poisoning and killing humanity with chemicals like hydrogels, graphene, LNPs and heavy metals.
Sounds like a double agenda: death by jabs by chemical poisoning, and those who survive will be graphene -5G AI slaves.
If Mr. mRNA has an alibi and was not present at the crime scene, the culprit can only be Mr. Graphene, whose fingerprints are everywhere. Case closed?
It just seems so difficult to sort out because some dissident scientists say there is graphene and others say there isn’t, even in the terrain subculture. Are there any dissidents saying that there are significant amounts of mRNA?
PR textbook says to keep the opponent confused… so he doesn’t know which way is up… and which is down
FOW fog of war
Strange!
Range finding?
‘Yet, despite the fact that the researchers found the jabs all contained the same ingredients, Wagh also said her group found 35 different levels of toxicity amidst this similarity.’
‘So this and future blog posts are meant to share the facts as they are known to only too few: The actual scientific evidence shows the COVID injections are not gene therapy shots, but graphene shots.’
‘Unfortunately, graphene oxide is toxic to humans. Its nano size allows it to enter cells and wreak havoc on red blood cells in particular, as it is naturally magnetically drawn to the iron content in blood and to the body’s major fields: the heart and brain. Red blood cells clump around graphene and cannot flow through the bloodstream and take up oxygen. Graphene causes major blood stagnation, which leads to clots.’
The clot thickens.
Thanks V.
Here’s another video from the same channel, on. Spanish woman who recently discovered red radish juice for detoxing/chelating heavy metals in general but also specifically with eye for the graphene oxide. She does an excellent job talking about the terrain.
As Natasha Campbell-Mcbride says, animal foods are for feeding ourselves and plants are for cleaning ourselves. Why would this be? Because, respectively, we’re animals (like feeds like) and because plants bioremediate soil, and none more dynamically than annual plants (weeds). And radishes are as dynamic as any plant out there – nothing short of explosive. And they have been used for soil bioremediation of heavy metals, by pulling metals into the root bulb by chelation, which is the bioelectrical absorption of metal ions. So when we drink the vital (still living) juice of radish we have living radish chelating the heavy metals in our microbiome which is where the intelligent body first sends the heavy metals for processing by fungi, mainly, because the body itself can’t metabolize them. Of course, if our microbiome is trashed then it’s not going to be able to do anything with the metals so then the body will have no choice but to to send these carcinogens to adipose cells for long term storage.
This is one of the reasons why eating conventionally grown produce is inadvisable, and especially dynamic accumulators of metals like radishes and garlic.
https://www.bitchute.com/video/7Yeks1zs1zfZ/
The link. 7mins.
Red radice juice
Degrading discussion
In your face or on your bread
For those to behead
Or which thread to use
graphene oxide contains no heavy metals, and is a large molecule far heavier than the small molecules in radish juice. I doubt any physicist would agree that whatever is in the radish can drag away GO (specifically to liver or kidneys).
Graphene is good fog in order to follow a false path, while the big is all the rest.
Those who follow or deny graphene are just losing their time.
In my view, it is better to spend time on other issues.
Let me remind you that Dr. Noack was arrested live on youtube, and that months later he died in highly suspicious circumstances. Which is not what usually happens to public figures who only produce smokescreens.
https://thehighwire.com/videos/the-highwires-lab-investigation-of-covid-vaccines/
Help me find the part where she exposed him… I must have missed it
Funny monkey sounds is way more interesting than that nonsense
NATO is on the ‘escalation escalator’. The supply of relatively few tanks to UKR, will make no difference to the war, demands will then be made for planes, and when that fails the demand is liable to be made for boots on the ground.
From about 21 mins in: an EU conference with EU MEPs is to be held next week under the title ‘Imperial Russia: Conquest, Genocide and Colonisation’, with the theme of the ‘just’ breaking up of the Russian Federation with a view to the future energy security of Europe.
In other words the EU wants to get better access to Russia’s resources, and the conference is going to construct a false moralistic ‘reality’ in which the RF has no right to exist and Europe is ‘right’ to make its resources more easily available to itself.
That at least makes material and energetic sense as an aspiration, and moralist BS is marshalled to that end, which is normal. But I doubt that it is going to work out like that for Europe. The actual function of the narrative is liable to be to get patsy Europe cut off from Russia and its resources as we are seeing.
The ‘end game’ seems to be the isolation of Europe from Russia and China, which will seriously weaken Europe, but leave Eurasia supposedly relatively weakened to the USA. The USA is trying to maintain its fading hegemony, and I doubt this is going to work out well for the West as a whole – about as well as WWII worked out for Britain.
Best case US is pushing for EU/Russia mutual suicide. The worst case unknown third party or self organization is pushing for US+EU/Russia mutual suicide.
Mirror, this update is heavy.
Thank you.
”The ECR group in the EU Parliament says the international community should seek a re-federalisation of the Russian state.”
the conference will be held on the 31st of January in Brussels.
https://www.eupoliticalreport.eu/ecr-to-host-conference-on-russia/
They explicitly state their goal of breaking up Russia. It can no longer be argued that Russia is paranoid to impute these motives to the West. Straight from the horse’s mouth:
“Taking into account the national and ethnic map of the territories of the Russian Federation, we should discuss the prospects for the creation of free and independent states in the post-Russian space, as well as the prospects for their stability and prosperity,” the statement adds.”
Two problems here that got us to this point.
1) The first was noted by Dr. Paul Craig Roberts who knows the geopolitical sides extremely well. He has stated repeatedly that the Kremlin miscalculated the US and NATO intentions. The Kremlin has always sought a way to become part of the West. They even applied for NATO membership were rudely rejected by the US. It wasn’t until recently where information of the Minsk agreement were Merkel acknowledged they were just buying time for Ukraine to strengthen itself to fight Russia. So in essence, Russia was setup to be taken down by Ukraine with the help of the West.
2) Martin Armstrong who also knows the area extremely well and has employees both in Russia and Ukraine said “the eventual goal was to destroy and eliminate Russia once and for all” so they could pillage their natural resources. He found this evidence and recently published a book detailing how this was all going to go down. His information came directly from declassified documents from the Clinton archives.
So the West have been planning this all along for decades now and it has been slowly building to this point in time. It became a problem when Donald Trump came on the scene and nearly spoiled their attempts because he wanted peaceful relations with Russia. He sought peaceful cooperation and not conflict. That’s why according to Armstrong, Trump was removed from the chessboard and Biden was installed.
The Kremlin has always sought a way to become part of the West. They even applied for NATO membership were rudely rejected by the US.
Russia did not apply for NATO membership.
Oh yes they did want to be a part of NATO. Dr. Paul Craig Roberts as well as Martin Armstrong have both stated that as a fact and were rejected. IIRC, Paul Craig Roberts mentioned that in his latest interview with Greg Hunter on USAWatchdog.com
https://www.wearethemighty.com/mighty-history/russia-tried-to-join-nato/
He sought peaceful cooperation and not conflict. That’s why according to Armstrong, Trump was removed from the chessboard and Biden was installed.
It’s of no importance who the President is.
Anyone who thinks it matters isn’t worth listening to.
And that was Donald Trump’s downfall thinking he actually made decisions as President, only to realize it was always the Deep State and Neocons who made decisions for him.
His second mistake was thinking the Swamp was on the political left when he rudely discovered the Swamp was on both sides of the isle. His cabinet came to be filled with creatures from the black lagoon. And NO I never voted for Trump.
The EU Parliament is irrelevant. It has no power. It does not set EU policy.
The EU is as arrogant as the US. Time for Russia to make friends with China, India, Brazil.
Europe is arrogant and in decline, yes.
However, let’s be honest … Brazil is a basket case and India can’t get its act together, and China would prefer a vassal Russia, so Russian “friends” aren’t much to brag about.
Here is an interview by Martin Armstrong on the plot to seize Russia. This whole Ukraine/NATO thing is all about that.
https://www.armstrongeconomics.com/armstrong-in-the-media/interview-davos-the-plot-to-seize-russia/
nice find
Strange world we live in! Maybe our problem will be war rather than financial collapse.
They are solving the problems with the ‘old way’ (war and distructions), but with some touch of new ingredients.
Covid + vaccines + war Ukraine/Russia are part of the same scheme.
Now it seems that something else is starting with Iran and probably soon something additional will start with China.
An update of the famous latin sentence could be:
‘divide, dele et impera’
(split, destroy and reign)
“Maybe our problem will be war rather than financial collapse.”
Or perhaps it’s war that brings about the global financial collapse! 🤓
Martin Armstrong wrote about this morning. Interestingly enough as mentioned in Armstrong’s post below, it is the same reason Japan attacked Pearl Harbor. FDR did everything he could to put Japan in that position.
Excerpt: “We confiscated all Japanese assets, put energy embargoes on them, and threaten to prevent them from dealing with any other country for energy. Roosevelt did everything he could to get Japan to attack Pearl Harbor. Biden has done the same to Russia.”
https://www.armstrongeconomics.com/international-news/russia/more-russian-sanction-world-war-iii/
Interesting. Provoking war, both then and now.
It is disturbing that things are headed this direction.
‘The number 88 is the numbered representation of the cross ‘swat stika’ – three times cranked. Symbolically, this cross represents the eternity or the cosmic Christ, and it is allotted to the number 16. And, by theosophical reduction, 8 + 8 gives 16.’ (duck it search)
Interesting that Germany refers to this number being supplied; are they going to the remnant Azovs?
Half of USA women under 46 have kids, and under 40% of men.
https://www.dailymail.co.uk/health/article-11623945/CDC-reports-Americans-having-children-decades-experts-pose-two-main-culprits.html
America’s baby bust laid bare: Just half of women under 45 have children — amid ‘changing family values’ and rising cost of living
Just over half of women under 45 are having babies in the US, according to official data that lays bare the country’s fertility drought.
From 2002 to 2019, the share of women aged 15-45 with at least one child dropped from 59.9 percent to 52.1 percent, a fall of an eighth.
The figure dropped from 46.7 percent to 39.7 percent among men in the same time, according to the Centers for Disease Control and Prevention (CDC) national survey.
Overall, the birth rate across the US dropped 13 percent from 2002 to 2019, from 13.9 births per 1,000 residents to 12.
The results come as many public figures – including Elon Musk and Bill Gates – fear could cause a crisis decades in the future.
There are concerns about a shortage of workers in the next half-century due to the declining birth rate, leading to economic stagnation and leaving public services unable to take care of the elderly population without a strong base of younger taxpayers supporting them.
The rising age of women in the US and falling birthrates have been attributed to women leaving it until later in life to have children to pursue careers, changes in familial values as well as advances in IVF and other fertility treatments.
The CDC also highlighted the rising costs of becoming a parent – with estimates suggesting it now costs more than $300,000 to raise a child to age 18 compared to around $220,000 20 years ago.
Women are having their first child when they are 0.8 years older now than they were in 2002 – with the average age having moved from 22.9 to 23.7 years old.
Men have always had their first child at an older age than women, but they have experienced a similar increase in age when first becoming a parent – from 25.1 to 26.4 years old….
The idea that a 25/26 year old rapacious primate could raise a kid without incurring some form of trauma is not even absurd.
It is no surprise that countries with young parents are a cesspool of crime and punishment, or just outright anarchy.
It’s a full time work keeping oneself in check, not to mention shoving another human being in the monkey business.
🥶
Mirror:
It is leading to changing demography, the US is importing people. Women choosing careers over children are seeing their genes disappear, puff. The universe works this way, expansion, always expansion.
When these same women are older, they may find themself not unlike the plains Indian women who had a hand mutilated and their tee pee cut into pieces and sent to wander, true recycling by nature. The universe has its own ideas and ideology does not change the universe.
Dennis L.
In Canada you can now legally murder your child up till the age of 5.
I reckon they should extend this law and make it legal for anyone to kill a screaming child on an airplane… cuz that can cause strokes and heart attacks
That definition of ‘sin’ and ‘evil’ seems to be too broad to be of much use, and it would condemn as ‘evil’ human society in its entirety. Let us consider that all ‘rights’ are made up, or as we might say ‘lies’, and they order property and other human relations so as to allow our societies to function in the current material conditions, and to facilitate the pursuit of the material means of life and comfort. Property ‘rights’ are enforced by civic force, and thus societies are based on lies and force, facilitate ‘greed’ (or less judgemental analogues), and thus fulfill your definition of evil. So it provides no basis to single out gays as tending to ‘evil’ and ‘sin’.
Property rights do not have a pre-social existence, and they are conceived in ways that allow people to appropriate to themselves as against the claims of others. It is common to speak as if property rights do not fall under ‘lies and force’, but that is just an ideological interpretation as if there is a morally ‘correct’ way to order society. I am not arguing that is ‘evil’ or anything moralistic whatsoever. If lies and force generally facilitate the social good, then we can say that lies and force are ‘good’ under that aspect. But that is also just an interpretation based on an interested perspective, and the manner of property rights will generally appeal to people to the extent that they allow the society to function and people to benefit from that.
‘All morality is will to power’, and that does not make it a ‘bad’ thing. But that interpretation too will depend on the interests and the perspective of the person with regard to the particular morality. Moralities do not advance the power of all equally, nor necessarily of all generally, but again, it is a matter of interpretation whether they should. In the bourgeois period, the economy ‘works’ through a generalised mass consumerism of supply, demand and profit, and ‘utilitarianism’, the view that society should facilitate the greatest good of the greatest number, provides an ideological support to the economic base. So we are given to the interpretation that it is a ‘good’ thing when the interests of the many are advanced through bourgeois property relations.
I am reading through the thesis ‘John Locke and the American Indian’ (Morag Barbara Arneil), and it is notable that the concept of property ‘rights’ was marshalled to cast the Europeans as honest and peaceable and the native Americans as given to error (lies) and force. The English colonists needed a theory to justify the dispossession of the native Americans and to ward off Spanish incursions. Locke provided the property concept that was needed. Property began only with agriculture and excluded hunter-gathering; thus the native Americans had no claim to the land, and they could be dispossessed and put to agricultural labour, which was the ‘moral truth’. And if they resisted, then they had resorted to ‘force’, and they could be justly exterminated.
Force was not recognised as a claim to land, as the Spanish were given to argue, and Spanish incursions could be righteously resisted; the English used only ‘just’ force as they acquired the ‘right’ to the land through cultivation and they ‘justly’ defended it against the native Americans and the Spanish; the native Americans erroneously and viciously used ‘force’ to keep lands that they had no ‘right’ to through cultivation. Locke’s concept of property ‘rights’ was itself ‘lies’ and it provided the needed ideological justification for force. It allowed English colonisation to be presented as based on ‘moral truth’ and not ‘lies’ and ‘force’. Rather the dispossessed native Americans had ‘lies’ and they used ‘force’ to try to keep their lands and their way of life.
Thus the property ‘rights’ that we might take for granted or as somehow ‘true’ functioned as a genocidal imperialist construct. In the ‘natural state’ there are no ‘rights’. Humans are as animals in reality, and deception and force are part and parcel of organic existence. However, we do give structure to those processes, without essentially altering them, in ways that allow societies to function. We cast lies as not lies and force as not (unjust) force, even as ‘moral truth’ and the ‘defence of the peace’. However, there is no pre-social ‘purpose’ to those strategies, and our property structures are not the only possible, or the norm in human history. They prevail because of the degree of material development that they facilitate.
There is no ‘moral truth’. And at the end of the day, our ‘moral truths’ remain lies and the basis of force so as to allow us to pursue the means of life and comfort in our relatively wealthy and safe consumerist societies (which it would be judgemental to term ‘greed’.) As I say, I am making no moralistic claims here, I am simply pointing out that ‘lies, force, greed’ are far too broad a definition of ‘evil’ and ‘sin’ to allow for gays or anyone else to be singled out from the common folk as especially ‘lying, violent, selfish, greedy’ or whatever. Rather that is the general situation in which our societies function. We all live in that socially structured way, and we simply deceive ourselves and pretend otherwise to allow it to function.
(moral ‘truth’ and other lies….)
> …. It will be argued that Locke’s Two Treatises was a response to England’s need, by virtue of its colonial aims in America, for a new definition of property. Until the end of the 17th century, when the English actually settled in the new world, property had been defined as occupation. However, this definition became a problem in America when the Indians claimed, by virtue of their occupation, proprietorship in certain tracts of land, coveted by the English. A new definition of property, which would allow the English to supersede the rights claimed by virtue of occupation, was needed. The Two Treatises of Government provided the answer. Labour, rather than occupation will begin property and those who till, enclose, and cultivate the soil will be its owners. England supersedes the right of occupation by the Indians by virtue of their specific form of labour. Suddenly a whole continent was open to English colonization, and agrarian labour became the basis of both England’s colonial claims and Locke’s Two Treatises.
…. Once classified as a savage, the Indian could be expected to play out his role in relation to the civil order. Either he would make the transition to civility or he would resist the influence of European society and face destruction.
…. For many European explorers the native Americans encountered went well beyond fallen man; he was described as violent in nature, without any discipline or industry, uncivilized in his personal habits and a worshipper of the devil.
…. As both English settlers and natives became increasingly hostile towards each other, the European rhetoric about the vice of native life was raised to a feverish pitch. In a universe created by a Christian God, only Satan could be responsible for the native’s fallen and degenerate way of life. The perennial Christian struggle between good and evil was thus imposed on the inhabitants of the new world.
…. Once perceived as a threat to civil and religious order, in both a practical and philosophical sense, the native American was under attack, and his natural rights came into question. For example, Samuel Purchas justifies the deprivation of natives rights due to their savage nature:
https://discovery.ucl.ac.uk/id/eprint/1317765/1/283910.pdf
Let me attempt a simple hypothesis:
A religion is to hold a group together so it can go forth and multiply. We are biology.
A religion needs a set of rules which work within the group, commandments.
A religion needs a way to forgive not for the offender, but for the offended and should include accounting and atonement by the offender. The offended by forgiving gets to go on about his/her life. Grudges go nowhere and lead to constant war, e.g., Poland, etc.
We live in an expanding universe, it expands until it can’t, even stars expand until they can’t and then, boom, part of the universe.
We cannot make up the rules of the universe, we live in it, we can be part of as elements, or our genes can go forward to a destination as yet unknown as organized elements. For me, philosophy is man attempting to make his/her rules for the universe, doesn’t work very well.
The rest is confusion through obfuscation.
Dennis L.
Last post of Today and of the Article 😅…and you think you got the short end of the stick…Hong Kong’s pricey property market has a dark side – cramped and claustrophobic subdivided flats, where people live in spaces as small as 15 sq ft (1.4 sq metres). What is life like inside a flat smaller than a prison cell? SCMP explores the city’s shoebox flats through the lives of those who call these tiny spaces home.
https://m.youtube.com/watch?v=gf-B02K89fU
Just shows how tolerate and adaptable the rabble, I mean people, can be …
Compare this to your own lifestyle and count your blessings…
20 + 9 = 29, which is tomorrow, I think.
@drb
Here is the map of Brest-Litovsk treaty.
https://collections.lib.uwm.edu/digital/api/singleitem/image/agdm/1406/default.jpg
basically everything from the Baltics to Donetsk (then called Yuzovka, after the Welsh businessman John Hughes who built the city) and Taganrog, best known for Chekhov’s birthplace and part of Russia, were to be added into Germany, nominally ruled by duchies with German monarchs. With the addition of Yuzovka/Donetsk Germany still has coal to this day. In fact the war in 2014 and 2022 were ultimately about the coal at Donetsk.
Caucasus was being taken over by the Turks, and while a guy called Djugashivili was defending the town Tsaritsyn back then, the whole Don area would have been taken over by Don Cossacks and out of the commies.
Wilson basically put the entire regions won by Germany for Western Civilization back to the mouth of Lenin, just so the Poles and Czechs could have their own countries.
Michael Hart , who ranked the greatest people in history, included Charlemagne for one sole reason – he incorporated Saxony into the Western Civilization. That ‘Saxony” is not what we know as Saxony – it is basically about half of what we now call Germany, from the Dutch border to Gorlitz near the boarder with Silesia, which was lost to the West in 1945.
Woodrow Wilson lost more land to the Western Civilization than any other president in US history, although Biden or whoever coming next is likely to top that record.
Only because the Poles and Czechs wanted their own, immediately failed, states.
News from the UK :
https://www.bbc.co.uk/news/uk-wales-64439545
Makes us purebloods kinda vindicated.
She looks old enough to die suddenly of other things.
The smell is in the air
For those in the know
However occupied
You brought it with flair
And melted the snow
That’s an awful lot of condolences from an awful lot of politicians and royals being reported by the BBC for a politicians wife. But not a lot of meat about the actual circumstances. In my book, that’s a “tell”.
They actually wrote that she “died suddenly”, and after the infamous Stew Peters movie put a new shine on that term.
But died suddenly of what?
And they don’t even give the poor woman’s age.
I found it in The Sun. She was 66 and the cause of death is given as “unknown.”
‘Passed after a long illness, a long battle against X…’ etc ,would be the conventional form of announcement, together with ‘of a heart attack’.
Or even ‘suddenly after a terrible accident’ – in which case, there would be a few more details, such as ‘Blown by a typically mild Welsh mountain breeze against a stone wall, shattering her skull, pronounced dead on the arrival of the ambulance’ and so on.
But a mere ‘died suddenly’ does arouse suspicions.
This will remain an enigma wrapped in a mystery, the only thing to be said for certain being that if it was the vaxx, it is far too quick and kind a way for these horrible people to go!
Thank you for this SCHAD
Clare Drakeford: Wife of Wales’ FM Mark Drakeford dies suddenly
Clare Drakeford, wife of Wales’ First Minister Mark Drakeford, has died suddenly, the Welsh government has said.
A spokesman confirmed the news with “deep sadness”.
He added: “The thoughts of everyone in the Welsh government are with the family at this time and we ask that their privacy is respected.”
Downing Street said the prime minister had offered his “deepest condolences” to Mr Drakeford, 68, privately.
https://www.bbc.com/news/uk-wales-64439545
He was heavily involved in the Rat Juice distribution …
https://www.walesonline.co.uk/news/wales-news/covid-jab-mark-drakeford-wales-24080663
I’d like to confront him at the funeral and scream — F789 you Mark – look at what you have done… stop the tears Mark — stop the f789ing tears… you killed her… you murdered her…
Murderer! Arrest this man!!!
Then I’d take a sh it in the coffin — and laugh then run off like a hyena
https://c.tenor.com/6vvL7C_nd74AAAAC/tenor.gif
Martin Armstrong posted a link to a YT video someone posted which was quickly taken down by the YT Police. Armstrong asked is a Pfizer a clear and present danger to the world? He further showed a flashback video how the swine flu vaccine was halted when a little more than 12 people died shortly after receiving the vaccine.
And today? It’s just keep boosting and bring your kiddies for their booster shots while now each dose, the Big pharmacueticals are charging $400. Nice business when you take into account that Pfizer raked in 37 billion dollars last year. Moderna was a distant second at 17 billion.
https://www.armstrongeconomics.com/international-news/vaccine/pfizer-a-clear-present-danger-to-the-world/
https://www.armstrongeconomics.com/wp-content/themes/customtheme/images/bg-pattern.jpg
It’s actually chump change in the bigger scheme of things…
Consider how much the airline and hotel industry has lost… it would dwarf that…
Yet they say nothing.
Biden’s Parole Program: Migrant families rush Miami airport after GOP lawsuit
US airports are seeing a new wave of migration, after 20 GOP-led states sued the Biden Administration over its expanded immigration plan
Caroline ElliottBy Caroline Elliott | Fox News
Miami – Since 20 GOP-led states filed a lawsuit Tuesday against President Biden’s new immigration plan, migrants are now rushing to fly into the United States.
Hundreds of migrants flew into the Miami International Airport Thursday and Friday from Cuba, Nicaragua, Venezuela, and Haiti—all coming to the United States legally under the parole program. Under the new immigration plan, the U.S. will allow 30,000 migrants from four countries to enter each month.
Migrant families are now coming to the United States earlier than expected after the lawsuit – fearing the program could end.
…..The Texas attorney general doubled down on the humanitarian parole program in a statement to Fox News Digital.
“Every state in America, especially border states like Texas, is being crushed by the impacts of illegal immigration,” Texas Attorney General Ken Paxton said. “The Biden open borders agenda has created a humanitarian crisis that is increasing crime and violence in our streets, overwhelming local communities, and worsening the opioid crisis. This unlawful amnesty program, which will invite hundreds of thousands of aliens into the U.S. every year, will only make this immigration crisis drastically worse.”
Let them ALL in ….we got plenty of opportunities and freedom…sarcasm
An FDA committee votes to roll out a new COVID vaccination strategy
January 26, 20234:42 PM ET
SCOTT HENSLEY
committee of advisers to the Food and Drug Administration voted unanimously on a proposal to simplify the nation’s strategy for vaccinating people against COVID-19.
The recommendation is that future COVID-19 vaccines should be interchangeable: no matter whether you’re getting your first dose or a booster, the vaccines would all have the same formulation targeting the same viral strain or strains, regardless of the manufacturer. The vote was unanimous: 21-0.
In addition, the committee considered (but didn’t vote on) proposals to have an annual COVID vaccination schedule, much like the U.S. has for the flu. If this happens, most people would be advised to get just one shot every fall with a new vaccine that’s probably been re-jiggered to try to match whatever variant is predicted to be spreading each winter. This would mean Americans would no longer need to keep track of how many shots they’ve already gotten or when.
The idea behind the revamp is to make vaccination less complicated and confusing. The ultimate goal would be to get more people vaccinated.
https://www.npr.org/sections/health-shots/2023/01/26/1151810765/fda-committee-votes-to-roll-out-new-covid-vaccination-strategy
All together NOW….get the vaccine or else! This doesn’t look like any retreat…or admission of adverse reactions
Exactly: it’s not a retreat, but the normalisation of evil (sorry, ‘modern tech miracles’).
I’m sure they’ll eventually iron out the manufacturing defect and feebleness when working with mRNA tech.
Hold your veins and arteries away from syringes unless you’re in dire straits in the emergency room.
There might be some good gear coming down the pipeline thanks to the sacrificial of 6B Hypers.
It is morally dubious, but let’s face the facts. The generic Hyper tried to coerce the unvax0r3d to take the plunge.
https://www.zerohedge.com/energy/wind-turbines-are-burning-collapsing-green-energy-setback
Wind Turbines Are Burning, Collapsing in Green Energy Setback
It will be amusing to see the costs of the wind turbines increasing to the point of unprofitability, and the insurance rates going through the roof.
How was IRE (wind/solar, etc. — intermittent renewable energy) ever “profitable” in the first place, without heavy government subsidies?
Intermittent hydro works in some places, to supplement fossil fuels. The others don’t work, as far as I can see. People have been misled by “models” that omit too much.
My wind turbine (400W, NZD$360.00) fell over on its first attempt at standing up a 9m mast; it is still lying in the grass.
I think I will repurpose it as a hydro generator since we are having record rainfall this ‘summer’ in NZ. My dams are overflowing with potential energy this year.
l = lastcall, maybe should be last fall
https://www.aljazeera.com/news/2023/1/23/pakistan-hit-by-nationwide-power-outage-after-grid
Pakistan hit by nationwide power outage after grid failure – Al Jazeera
Expect more of the same….all over
Agreed!
“Expect more of the same….all over”
I was hit by three blackouts last week in one day.
Heavy snow plus strong winds toppled several big trees on the local power line and the heroes with bucket trucks, backhoes and chainsaws had to work through a continuing blizzard to get the power and the phone lines up and running again.
The City Office will doubtless be using this as another attack by globbly wobbly, but the fact is, leaving plantations of tall cedar trees to grow for decades without proper pruning or harvesting is bound to cause this sort of thing to happen occasionally.
I noticed that New York City is reporting a snowless winter this year, for the first time in 50 years. My sister in Holland, Michigan (on the east side of lake Michigan) told me in a recent phone call that her area had had hardly any snow this year. Normally, they get a lot of “lake effect” snow. So the distribution of snow seems to vary from year to year. California has a lot of snow this year.
No wonder there are worker shortages https://t.me/downtherabbitholewegofolks/63278
Anyone got any Schad? Schad and Blow … Bliss
Ed Dowd saying that there are 3.2 million Americans, ages 16-46, that have been added to the total number of disabled since the rollout of Covid vaccines began. About half of these people are in the workforce. Before that time (January 2021), the disability rate had been about stable. It looks like there are about four disabilities for every death (in this age group??). Workers who dropped out and did not get the vaccine seem to have had much better outcomes.
Gail,
A guess: some, not all are working, informal economy.
We have beaten the family to the point where it is collapsing. Divorce laws favor the divorce lawyers, the cash incentive is for the woman to take the liquidity and worry about tomorrow tomorrow.
Compared to traditional families, it is much cheaper for a man to live alone than support a family.
It takes a team and we have broken the team. Children are our connection with tomorrow and those with children have skin in the game of the universe; the rest not so much.
Dennis L.
Speak for yourself with regards to “skin in the game”. It is clear from observation of the Hypers that the worst offenders exacerbating the predicament are those with multiple “skin in the game”.
Passing on the genes is not even absurd when there is 8B Hypers trashing the earth.
“Skin in the game”
🤣👍👍
Tax laws in the US discourage marriages between low income adults. “Filing jointly” leads to higher taxes for many people will low incomes. If one can file a single with a dependent child, and the other can file as single, the result is much better. It really doesn’t encourage marriage among low-income people. Instead, they move from partner to partner.
Absolutely incorrect.
Show me a single instance when filing jointly leads to a higher tax for single people getting married. I’ve run the numbers. It doesn’t happen.
This is as IRS analysis of how many unmarried couples would come out behind by getting married:
https://home.treasury.gov/system/files/131/Two-Earner-Penalty-and-Marginal-Tax-Rates.pdf
The analysis says that there will be some couples that come out behind (penalty) and some couples that come out ahead (bonus) by getting married. To see which ones are affected each way, you have to look at Table 2 (without children) and Table 3 (with children).
The worst outcomes in terms of having to pay more taxes occur when the wages of the two adults are relatively equal. The most important column is the labeled “Percent with Penalty.” These are the couples having to pay more, because they are married. With respect to children without children (Table 2), we can see that if the combined income of the couple is between $40,000 and $50,000, and the share of the total income of the lower paid person is between 20% and 30% of the combined income, about 78% of such couples will pay more taxes by being married. As the income percentage of the lower paid person approaches that of the higher earning person, the percentage with a marriage penalty tends to increase.
The situation is even worse with children (Table 3). With a combined income of between $40,000 and $50,000, 96% will pay more taxes by being married. The percentage can go even higher, with higher total earnings and more equal earnings.
How many Rat Juice shots have you had now anna… how you feeling?
Safe and Effective?
Back into the asylum with you anna… back into the asylum
It’s Safe and Effective in there
Did Fast move out of NZ, where the new PM wants to hunt down and force vax the unvaxxed? You are posting in our EST zone.
More a European time zone, I would say.
Fast has been in WA … returning to sad NZ tonight 🙁
Another SSer getting played? Or playing a role?
https://www.eugyppius.com/p/about-that-project-veritas-scoop/comments
Lots of interesting comments. Example: “We used to call these folks “educated fools,” now they are “the elites.”
Walker seems to be a “diversity” hire. We would like to think that these people all have the world’s best interests at heart, but that is not necessarily true.
We didn’t kill God, how arrogant, we killed religion in the classical sense and now we have a religion of men/women. It does not seem to be working very well.
The fabric of the universe is what it is, all will be well albeit a bit bumpy as things straighten themselves out.
Dennis L.
“a bit bumpy” a bit of an understatement. You aren’t by any chance Norwegian?