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Most people have a simple, but wrong, idea about how the world economy will respond to “not enough energy to go around.” They expect that oil prices will rise. With these higher prices, producers will be able to extract more fossil fuels so the system can go on as before. They also believe that wind turbines, solar panels and other so-called renewables can be made with these fossil fuels, perhaps extending the life of the system further.
The insight people tend to miss is the fact that the world’s economy is a physics-based, self-organizing system. Such economies grow for many years, but ultimately, they collapse. The underlying problem is that the population tends to grow too rapidly relative to the energy supplies necessary to support that population. History shows that such collapses take place over a period of years. The question becomes: What happens to an economy beginning its path toward full collapse?
One of the major uses for fossil fuel energy is to add complexity to the system. For example, roads, electricity transmission lines, and long-distance trade are forms of complexity that can be added to the economy using fossil fuels.
When energy per capita falls, it becomes increasingly difficult to maintain the complexity that has been put in place. It becomes too expensive to properly maintain roads, electrical services become increasingly intermittent, and trade is reduced. Long waits for replacement parts become common. These little problems build on one another to become bigger problems. Eventually, major parts of the world’s economy start failing completely.
When people forecast ever-rising energy prices, they miss the fact that market fossil fuel prices consider both oil producers and consumers. From the producer’s point of view, the price for oil needs to be high enough that new oil fields can be profitably developed. From the consumer’s point of view, the price of oil needs to be sufficiently low that food and other goods manufactured using oil products are affordable. In practice, oil prices tend to rise and fall, and rise again. On average, they don’t satisfy either the oil producers or the consumers. This dynamic tends to push the economy downward.
There are many other changes, as well, as fossil fuel energy per capita falls. Without enough energy products to go around, conflict tends to rise. Economic growth slows and turns to economic contraction, creating huge strains for the financial system. In this post, I will try to explain a few of the issues involved.
[1] What is complexity?
Complexity is anything that gives structure or organization to the overall economic system. It includes any form of government or laws. The educational system is part of complexity. International trade is part of complexity. The financial system, with its money and debt, is part of complexity. The electrical system, with all its transmission needs, is part of complexity. Roads, railroads, and pipelines are part of complexity. The internet system and cloud storage are part of complexity.
Wind turbines and solar panels are only possible because of complexity and the availability of fossil fuels. Storage systems for electricity, food, and fossil fuels are all part of complexity.
With all this complexity, plus the energy needed to support the complexity, the economy is structured in a very different way than it would be without fossil fuels. For example, without fossil fuels, a high percentage of workers would make a living by performing subsistence agriculture. Complexity, together with fossil fuels, allows the wide range of occupations that are available today.
[2] The big danger, as energy consumption per capita falls, is that the economy will start losing complexity. In fact, there is some evidence that loss of complexity has already begun.
In my most recent post, I mentioned that Professor Joseph Tainter, author of the book, The Collapse of Complex Societies, says that when energy supplies are inadequate, the resulting economic system will need to simplify–in other words, lose some of its complexity. In fact, we can see that such loss of complexity started happening as early as the Great Recession in 2008-2009.
The world was on a fossil fuel energy consumption per capita plateau between 2007 and 2019. It now seems to be in danger of falling below this level. It fell in 2020, and only partially rebounded in 2021. When it tried to rebound further in 2022, it hit high price limits, reducing demand.
There was a big dip in energy consumption per capita in 2008-2009 when the economy encountered the Great Recession. If we compare Figure 2 and Figure 3, we see that the big drop in energy consumption is matched by a big drop in trade as a percentage of GDP. In fact, the drop in trade after the 2008-2009 recession never rebounded to the former level.
Another type of loss of complexity involves the drop in the recent number of college students. The number of students was rising rapidly between 1950 and 2010, so the downward trend represents a significant shift.
The shutdowns of 2020 added further shifts toward less complexity. Broken supply lines became more of a problem. Empty shelves in stores became common, as did long waits for newly ordered appliances and replacement parts for cars. People stopped buying as many fancy clothes. Brick and mortar stores did less well financially. In person conferences became less popular.
We know that, in the past, economies that collapsed lost complexity. In some cases, tax revenue fell too low for governments to maintain their programs. Citizens became terribly unhappy with the poor level of government services being provided, and they overthrew the governmental system.
The US Department of Energy states that it will be necessary to double or triple the size of the US electric grid to accommodate the proposed level of clean energy, including EVs, by 2050. This is, of course, a kind of complexity. If we are already having difficulty with maintaining complexity, how do we expect to double or triple the size of the US electric grid? The rest of the world would likely need such an upgrade, as well. A huge increase in fossil fuel energy, as well as complexity, would be required.
[3] The world’s economy is a physics-based system, called a dissipative structure.
Energy products of the right kinds are needed to make goods and services. With shrinking per capita energy, there will likely not be enough goods and services produced to maintain consumption at the level citizens are used to. Without enough goods and services to go around, conflict tends to grow.
Instead of growing and experiencing economies of scale, businesses will find that they need to shrink back. This makes it difficult to repay debt with interest, among other things. Governments will likely need to cut back on programs. Some governmental organizations may fail completely.
To a significant extent, how these changes happen is related to the maximum power principle, postulated by ecologist Howard T. Odum. Even when some inputs are inadequate, self-organizing ecosystems try to maintain themselves, as best possible, with the reduced supplies. Odum said, “During self-organization, system designs develop and prevail that maximize power intake, energy transformation, and those uses that reinforce production and efficiency.” As I see the situation, the self-organizing economy tends to favor the parts of the economy that can best handle the energy shortfall that will be taking place.
In Sections [4], [5], and [6], we will see that this methodology seems to lead to a situation in which competition leads to different parts of the economy (energy producers and energy consumers) being alternately disadvantaged. This approach leads to a situation in which the human population declines more slowly than in either of the other possible outcomes:
- Energy producers win, and high energy prices prevail – The real outcome would be that high prices for food and heat for homes would quickly kill off much of the world’s population because of lack of affordability.
- Energy consumers always win, and low energy prices prevail – The real outcome would be that energy supplies would fall very rapidly because of inadequate prices. Population would fall quickly because of a lack of energy supplies (particularly diesel fuel) needed to maintain food supplies.
[4] Prices: Competition between producers and customers will lead to fossil fuel energy prices that alternately rise and fall as extraction limits are hit. In time, this pattern can be expected to lead to falling fossil fuel energy production.
Energy prices are set through competition between:
[a] The prices that consumers can afford to pay for end products whose costs are indirectly determined by fossil fuel prices. Food, transportation, and home heating costs are especially fossil fuel price sensitive. Poor people are the most quickly affected by rising fossil fuel prices.
[b] The prices that producers require to profitably produce these fuels. These prices have been rising rapidly because the easy-to-extract portions were removed earlier. For example, the Wall Street Journal is reporting, “Frackers Increase Spending but See Limited Gains.”
If fossil fuel prices rise, the indirect result is inflation in the cost of many goods and services. Consumers become unhappy when inflation affects their lifestyles. They may demand that politicians put price caps in place to somehow stop this inflation. They may encourage politicians to find ways to subsidize costs, so that the higher costs are transferred to a different part of the economy. At the same time, the producers need the high prices, to be able to fund the greater reinvestment necessary to maintain, and even raise, future fossil fuel energy production.
The conflict between the high price producers need and the low prices that many consumers can afford is what leads to temporarily spiking energy prices. In fact, food prices tend to spike, too, since food is a kind of energy product for humans, and fossil fuel energy products (oil, especially) are used in growing and transporting the food products. In their book, Secular Cycles, researchers Peter Turchin and Sergey Nefedov report a pattern of spiking prices in their analysis of historical economies that eventually collapsed.
With oil prices spiking only temporarily, energy prices are, on average, too low for fossil fuel producers to afford adequate funds for reinvestment. Without adequate funds for reinvestment, production begins to fall. This is especially a problem as fields deplete, and funds needed for reinvestment rise to very high levels.
[5] Demand for Discretionary Goods and Services: Indirectly, demand for goods and services, especially in discretionary sectors of the economy, will also tend to get squeezed back by the rounds of inflation caused by spiking energy prices described in Item [4].
When customers are faced with higher prices because of spiking inflation rates, they will tend to reduce spending on discretionary items. For example, they will go out to eat less and spend less money at hair salons. They may travel less on vacation. Multiple generation families may move in together to save money. People will continue to buy food and beverages since these are essential.
Businesses in discretionary areas of the economy will be affected by this lower demand. They will buy fewer raw materials, including energy products, reducing the overall demand for energy products, and tending to pull energy prices down. These businesses may need to lay off workers and/or default on their debt. Laying off workers may further reduce demand for goods and services, pushing the economy toward recession, debt defaults, and thus lower energy prices.
We find that in some historical accounts of collapses, demand ultimately falls to close to zero. For example, see Revelation 18:11-13 regarding the fall of Babylon, and the lack of demand for goods, including the energy product of the day: slaves.
[6] Higher Interest Rates: Banks will respond to rounds of inflation described in Item [4] by demanding higher interest rates to offset the loss of buying power and the greater likelihood of default. These higher interest rates will have adverse impacts of their own on the economy.
If inflation becomes a problem, banks will want higher interest rates to try to offset the adverse impact of inflation on buying power. These higher interest rates will tend to reduce demand for goods that are often bought with debt, such as homes, cars, and new factories. As a result, the sale prices of these assets are likely to fall. Higher interest rates will tend to produce the same effect for many types of assets, including stocks and bonds. To make matters worse, defaults on loans may also rise, leading to write-offs for the organizations carrying these loans on their balance sheets. For example, the used car dealer Caravan is reported to be near bankruptcy because of issues related to falling used car prices, higher interest rates, and higher default rates on debt.
An even more serious problem with higher interest rates is the harm they do to the balance sheets of banks, insurance companies, and pension funds. If bonds were previously purchased at a lower interest rate, the value of the bonds is less at a higher interest rate. Accounting for these organizations can temporarily hide the problem if interest rates quickly revert to the lower level at which they were purchased. The real problem occurs if inflation is persistent, as it seems to be now, or if interest rates keep rising.
[7] A second major conflict (after the buyer/producer conflict in Item [4], [5], and [6]) is the conflict in how the output of goods and services should be split between returns to complexity and returns to basic production of necessary goods including food, water, and mineral resources such as fossil fuels, iron, nickel, copper, and lithium.
Growing complexity in many forms is something that we have come to value. For example, physicians now earn high wages in the US. People in top management positions in companies often earn very high wages. The top people in large companies that buy food from farmers earn high wages, but farmers producing cattle or growing crops don’t fare nearly as well.
As energy supply becomes more constrained, the huge chunks of output taken by those with advanced degrees and high positions within the large companies gets to be increasingly problematic. The high incomes of citizens in major cities contrasts with the low incomes in rural areas. Resentment among people living in rural areas grows when they compare themselves to how well people in urbanized areas are doing. People in rural areas talk about wanting to secede from the US and wanting to form their own country.
There are also differences among countries in how well their economies get rewarded for the goods and services they produce. The United States, the EU, and Japan have been able to get better rewards for the complex goods that they produce (such as banking services, high-tech medicine, and high-tech agricultural products) compared to Russia and the oil exporting countries of the Middle East. This is another source of conflict.
Comparing countries in terms of per capita GDP on a Purchasing Power Parity (PPP) basis, we find that the countries that focus on complexity have significantly higher PPP GDP per capita than the other areas listed. This creates resentment among countries with lower per-capita PPP GDP.
Russia and the Arab World, with all their energy supplies, come out behind. Ukraine does particularly poorly.
The conflict between Russia and Ukraine is between two countries that are doing poorly on this metric. Ukraine is also much smaller than Russia. It appears that Russia is in a conflict with a competitor that it is likely to be able to defeat, unless NATO members, including the US, can give immense support to Ukraine. As I discuss in the next section, the industrial ability of the US and the EU is waning, making it difficult for such support to be available.
[8] As conflict becomes a major issue, which economy is largest and is best able to defend itself becomes more important.
Back in 1990, the EU had a greater PPP GDP than did either the US or China. Now, the US is a little ahead of the EU. More importantly, China has come from way behind both the US and EU, and now is clearly ahead of both in PPP GDP.
We often hear that the US is the largest economy, but this is only true if GDP is measured in current US dollars. If differences in actual purchasing power are reflected, China is significantly ahead. China is also far ahead in total electricity production and in many types of industrial output, including cement, steel, and rare earth minerals.
The conflict in Ukraine is now leading countries to take sides, with Russia and China on the same side, and the United States together with the EU on Ukraine’s side. While the US has many military bases around the world, its military capabilities have increasingly been stretched thin. The US is a major oil producer, but the mix of oil it produces is of lower and lower average quality, especially if obtaining diesel and jet fuel from it are top priorities.
Huge pressure is building now for China and Russia to trade in their own currencies, rather than the US dollar, putting pressure on the US financial system and its status as the reserve currency. It is also not clear whether the US would be able to fight on more than one front in a conventional war. A conflict with Iran has been mentioned as a possibility, as has a conflict with China over Taiwan. It is not at all clear that a conflict between NATO and China-Russia is winnable by the NATO forces, including the US.
It appears to me that, to save fuel, more regionalization of trade is necessary with the Asian countries being primary trading partners of each other, rather than the rest of the world. If such a regionalization takes place, the US will be at a disadvantage. It currently depends on supply lines stretching around the world for computers, cell phones, and other high-tech devices. Without these supply lines, the standards of living in the US and the EU would likely decline quickly.
[9] Clearly, the narratives that politicians and the news media tell citizens are under pressure. Even if they understand the true situation, politicians need a different narrative to tell voters and young people wondering about what career to pursue.
Every politician would like a “happily ever after” story to tell citizens. Fortunately, from the point of view of politicians, there are lots of economists and scientists who put together what I call “overly simple” models of the economy. With these overly simple models of the economy, there is no problem ahead. They believe the standard narrative about oil and other energy prices rising indefinitely, so there is no energy problem. Instead, our only problem is climate change and the need to transition to green energy.
The catch is that our ability to scale up green energy is just an illusion, built on the belief that complexity can scale up indefinitely without the use of fossil fuels.
We are left with a major problem: Our current complex economy is in danger of degrading remarkably in the next few years, but we have no replacement available. Even before then, we may need to do battle, in new ways, with other countries for the limited resources that are available.
Physician Assistant Fired for Reporting COVID-19 Vaccine Adverse Events to VAERS
“After the vaccines came out, there was this uptick in unusual symptoms, some of which I had never seen in my 20-year career.”
Read More: http://bit.ly/3neP45N
I’m not surprised
It’s all going according to plan https://t.me/TommyRobinsonNews/46056
As an Oncologist I Am Seeing People With Stable Cancer Rapidly Progress After Being Forced to Have a Booster
November 26, 2022
There follows a letter from Dr. Angus Dalgleish, Professor of Oncology at St George’s University of London, to Dr. Kamran Abbasi, the Editor in Chief of the BMJ. It was written in support of a colleague’s plea to Dr. Abbasi that the BMJ make valid informed consent for Covid vaccination a priority topic:
Dear Kamran Abbasi: Covid no longer needs a vaccine programme given the average age of death of Covid in the U.K. is 82 and from all other causes is 81 and falling. The link with clots, myocarditis, heart attacks and strokes is now well accepted, as is the link with myelitis and neuropathy. (We predicted these side effects in our June 2020 QRBD article Sorensen et al. 2020, as the blast analysis revealed 79% homologies to human epitopes, especially PF4 and myelin.) However, there is now another reason to halt all vaccine programmes.
As a practising oncologist I am seeing people with stable disease rapidly progress after being forced to have a booster, usually so they can travel. Even within my own personal contacts I am seeing B cell-based disease after the boosters. They describe being distinctly unwell a few days to weeks after the booster – one developing leukaemia, two work colleagues Non-Hodgkin’s lymphoma, and an old friend who has felt like he has had Long Covid since receiving his booster and who, after getting severe bone pain, has been diagnosed as having multiple metastases from a rare B cell disorder. I am experienced enough to know that these are not the coincidental anecdotes that many suggest, especially as the same pattern is being seen in Germany, Australia and the USA.
https://tinyurl.com/ybx727d4
Propaganda in another way (by the vax hesitant)
As an Oncologist I Am Seeing People With Stable Cancer Rapidly Progress After Being Forced to Have a Booster
I think the number of people who were “forced” to take the boosters are not a lot
Yep – everyone I knew who had the booster chose to – the mandates only required two shots
Sam Neill has blood cancer; Robin Roberts’ fiancée has breast cancer; Andrew Lloyd Webber’s son “critically ill with cancer”; Eka Darville’s son has brain cancer
Reality TV star Dakota Fred Hurt has brain cancer; Minnesota sportscaster Marney Gellner has breast cancer
Cancer in people under 50 is rising around the world. Why?
https://markcrispinmiller.substack.com/p/sam-neill-has-blood-cancer-robin
Climate Change, lack of a digital currency, unrealised tranny tendencies, new moon, solar flares, nature, trees, probably even not eating enough bugs.
Absolutely not from that safe and effective stuff that some of them (?), most of them(?), all of them(?) injected.
And if you were to suggest that to someone who is dying from say Turbo Cancer….
HOW DARE YOU!!!!
She’s transitioned into a Frankenstein
https://youtu.be/JQsSrzPme-A?t=153
Yes but when do they burn it down?
https://t.me/TommyRobinsonNews/46081
https://t.me/TommyRobinsonNews/46075
Oh my f789ing Gawd – thank Tommy for this … ‘and that thing seals up’
https://youtu.be/JQsSrzPme-A?t=153
It’s good to exterminate everyone … just so that vile beast is wiped out
Cut rates? https://t.me/DowdEdward/2644
@DowdEdward: We’re in the Danger Zone – Excess Mortality Is Not Returning to Baseline
“If people weren’t taking boosters, which they’re not, we should be back to normal for millennials at … no excess deaths. We’re still at 23%. And that’s alarming.”
“It’s devastating long-term.”
All your baseline are belong to FE
I think this is the Ed Dowd video related to Excess Mortality is still at 23%, even after boosters stopped. This doesn’t look good.
https://rumble.com/v26fo7q-ed-dowd-were-in-the-danger-zone-excess-mortality-is-not-returning-to-baseli.html
Maybe they are still taking boosters.
I think it is related to the point that people with various doses on their body can have negative effects on their health also on medium and long term.
The effects could occur on different ways (that is not only a specific disease or a specific deterioration of one’s health).
Or that once you inject this shit — it keeps producing this toxic spike forever… and that’s apparently not great for your machine.
Is this why there are almost never eggs on the shelves in NZ?
https://t.me/downtherabbitholewegofolks/69929
Let’s have another look at this https://t.me/downtherabbitholewegofolks/69915
Why do they do this before dying from a vax injury https://t.me/downtherabbitholewegofolks/69924
While the official unemployment rate is sitting at multi-decade lows (notwithstanding this month’s recent uptick), people still looking for work are getting jerked around by fake job ads – in which businesses are maintaining active job postings that they aren’t actually trying to fill, the Wall Street Journal reports.
https://www.zerohedge.com/political/fake-hire-ads-plague-job-hunters-employers-advertise-ghost-jobs
hahaha … everything is fake now
drtimmorgan
on March 21, 2023 at 10:02 am said:
Actually, the issue that worries me isn’t banks as such – bad as the situation undoubtedly is – but broader financial liabilities, especially NBFIs (“shadow banks”). I’m putting together some numbers on all of this, for possible publication, but private broad liabilities seem to be close to $500tn, which compares with global private debt of about $155tn.
If ALL the world’s central banks decided to create enough new money to double their assets, they could backstop barely 9% of global private liabilities.
https://surplusenergyeconomics.wordpress.com/2023/03/13/251-the-everything-crisis/
Surely Tim must understand the concept of TINA…. if the Fed had failed to act as it has… the past 20 years or so of BAU would not have happened.
We have ROFFED just after the century turned…
The Beginning of the End
JUNE 13, 2003 – There is increasing evidence that massive economic stimulus — monetary, courtesy of the Federal Reserve, and fiscal, thanks to the president and supply-side minded lawmakers — is taking hold. The magnitude of the policy turnaround, which caps a constructive, multi-year reflation process, should overwhelm the economic negatives — including the drag from expensive oil and poor finances at the state- and local-government levels.
Expensive oil and its impact on other energy costs remains a concern.
The current level of U.S. monetary stimulus is massive. Real interest rates have fallen 5.2 percent from December 2000 to March 2003, reaching -1.2 percent. A swing of this magnitude may be historical.
Read more at: http://www.nationalreview.com/article/207227/reversal-fortune-david-malpass
sorry
11
yes of course eddy
telling the truth would come across to you as ‘unhinged’
as you are such a stranger to it.
(see you at 3 am NZ time for your next comment?)
The Everything Crisis
THE ANATOMY OF A SUPER-BUST
Introduction
Even the most cursory glance at economic and financial history will reveal a litany of bubbles and booms, crashes and crises. We’ve seen numerous instances of speculative manias, real estate bubbles, market collapses and banking crises. Even the dot-com bubble of 1995-2000 wasn’t really ‘a first’, since there’s at least one previous instance – the Railway Mania of the 1840s – of the public being blinded to reality by the glittering allure of the latest vogue in technology.
You’d be wrong, though, if you concluded that “there’s nothing new under the Sun” about what we’re experiencing now. The coming crunch – for which the best shorthand term might be ‘the everything crisis’ – sets new precedents in at least two ways.
First, it’s unusual for all of the various forms of financial crises to happen at the same time. Even the global financial crisis (GFC) of 2008-09 wasn’t an ‘everything crisis’. Now, though, it’s quite possible that we’re experiencing the start of a combined stock, property, banking, financial, economic and technological crisis, with ‘everything happening at once’.
Second, all previous crises have occurred at times when secular (non-cyclical) economic growth remained feasible. This enabled us to ‘grow out of’ these crises, much as youngsters ‘grow out of’ childhood ailments.
No such possibility now exists.
https://surplusenergyeconomics.wordpress.com/2023/03/13/251-the-everything-crisis/
Maybe Dr. Tim is starting to understand what is going on.
I was expecting some sort of Koombaya ending …
Nope:
The likeliest course of events now is that the bursting of the “everything bubble” brings on an “everything crisis”. Even unsecured debt is, ultimately, backed by the ‘psychological collateral’ of the assumption that the economy will grow by enough to let us honour our collective obligations.
To understand why we can’t ‘grow out of’ the unfolding crisis, we need to appreciate that prior economic expansion has gone into reverse. Understanding this issue isn’t difficult, but coming to terms with its implications most certainly is.
http://2.bp.blogspot.com/-rXKGwC7ZW3E/TqZ3pdOMKSI/AAAAAAAADIg/LuLo7crEeBM/s1600/Grim-Reaper.jpg
Maybe if he pulls that stick out of his ass.
“Cardiac Testing at Washington Event Found 53% Myocarditis Rate”; ‘I was surprised to find that over half of those tested (16 of 30 people) had positive markers for myocarditis. Two of these were active duty US Military pilots.”‘ Dr. William Makis also did a stack but the link was taken down in a move to censor any of us sharing and discussing this shocking finding of 53%.
https://palexander.substack.com/p/shocking-cardiac-testing-at-washington
The good thing is they won’t even know they have it unless they exert themselves and have a heart attack — but most Americans are obese and the most exertion they experience in a day is getting off the sofa to open the door for the pizza boy
The demise of Silicon Valley Bank and Signature Bank was just the tip of the iceberg. As it turns out, hundreds of banks are at risk. This explains why the Federal Reserve and US Treasury rushed to provide what is effectively a bailout for the entire banking system.
In the first week, the Federal Reserve handed out more than $300 billion in loans through its newly created Bank Term Funding Program (BTFP).
According to a Washington Post report, banks would face unprecedented losses if they were forced to liquidate their bond portfolios as SVB did.
According to the Post, the total capital buffer in the US banking system totals $2.2 trillion. Meanwhile, total unrealized losses in the system based on a pair of academic papers is between $1.7 and $2 trillion.
In other words, if banks were suddenly forced to liquidate their bond and loan portfolios, the losses would erase between 77 percent and 91 percent of their combined capital cushion. It follows that large numbers of banks are terrifyingly fragile.”
A second report by the Wall Street Journal cites a study from Stanford and Columbia Universities that found 186 US banks are in distress.
As economist Peter St. Onge put it, “In other words, we were already right up against the edge.”
This is precisely why the Fed had to create a way for banks to borrow against their devalued bond portfolio. If banks were put in a position where they had to sell those bonds to raise capital, they would have fallen like dominoes.
https://www.zerohedge.com/markets/svb-and-signature-bank-were-just-tip-iceberg
It is indeed a frightening situation. We will see what the Federal Reserve does with interest rates tomorrow.
Study finds 1 in every 99 COVID Vaccinated Toddlers require Emergency Care or Hospitalisation
https://www.2ndsmartestguyintheworld.com/p/study-finds-1-in-every-99-covid-vaccinated
Nowhere near enough to allow the MOREONS to connect this to the Rat Juice – even 1 in 2 would not do it — they’d blame GW… or whatever Huff tells them to blame
Gail puts a lot of emphasis on wages.
Not one kopeck was paid when Russia built its first railroad from Petersburg to Moscow. The landowners around the railroad were required to send the serfs , who were not paid, and they received tax deductions for the serfs’ labor.
The Trans-Siberian railroad did not require any wages. Political slaves built it and when they perished they were just buried around the route. Ditto to many stuff built in Siberia in the 20th century, by the gulag residents and German (and those who fought for that side) and Japanese PoWs, again, who did not have to be paid. I doubt the Ukrainian prisoners are being paid for their labors in inland Russia now.
The going rate for labor in the old days was “Three hots and a cot”. No one defined how ‘hot’ the ‘hots’ had to be. In old days, the so-called “Mexican breakfast” was a glass of water and a puff of the cigarette. Even now a lot of Hispanics substitute lunch with a bag of chips. It is rare for non-Elite Mexicans to have all three meals.
When people are near starvation, they will work without wages. You could call such little food and accomodation ‘wages’, but at least the overheads fall significantly.
i dont think its possible to equate past economic conditions with those of our own time
Roman cities were supported by colossal aqueducts, I imagine much of the labour to build them was slave labour–they supported the Roman empire.
Rome could not have existed at its size without ample water supplies.
How do you define slave labour?
my ancestors were miners, they were not slaves per se–they were free to leave their employer–but they had almost no alternatives, so they stayed and were paid slave-wages—and effectively made the British empire possible
And that is the only way to make Singularity, Type I Civ, etc possible. It won’t be done the nicer way.
Not spending any money and energy on the welfare of the workers is the first step for any advances.
Which is why the Civil Rights movement should have been defeated.
I am afraid the Singularity cannot happen.
regarding the “digital wheelbarrow”
The real wheelbarrow is fossil fuels.
The notional wheelbarrow is the funny money that greases the wheel of the rusting wheelbarrow.
The digital notional wheelbarrow is the putting of remotely controlled electronic locks on the wheel (capital controls). Each person gets to keep their notional wheelbarrow because the notional wheelbarrow is very important to people’s notional identity. Waiting in line at the ATM everyday destroys notional consumerhood. The millionaire in currency deposits still gets to be a notional greenback millionaire, but his digital conversion limit (to cash) is the same as any guttersnipe, but he won’t care so much about that if he can buy everything with his phone, even in a craigslist transaction.
Here’s the rub, and the ruse: a digital transactional limit will also come into effect, just not initially. Digital currency is ultimately about imposing hard rationing by feathering mechanism. So that the notionally rich don’t get to be rich anymore for doing nothing, because NS (and Collapse) don’t/can’t play that game. There will still be full encryption under the limit, because NS is anti-Big Brother, but the hard rationing (permanent capital controls) is necessary, obviously.
UK has committed to send depleted uranium ammunition to UKR, which Russia has already said it would consider to be equivalent to the use of a dirty nuclear bomb in UKR.
Putin says that Russia will be forced to react. Lavrov says it is a war crime and that there is no doubt that this will end badly for London.
UK seems to be acting to escalate the conflict toward a nuclear confrontation. NATO knows that it is losing in UKR, and UK comes out with that.
Depleted uranium to Ukraine. Putin, Russia forced to react. Lavrov, this will end badly for UK.
Pushing a well-armed enemy into a corner with depleted uranium ammunition cannot end well.
People live on this land, it is rich farmland; using this “stuff” is not good policy.
I am strongly pro US, but sometimes with knowledge of the past results one has to say, “Enough is enough.”
Dennis L.
Good point! I believe that the US used depleted uranium shells in Iraq, quite a few years ago.
This channel has provided reliable information in the past and I think that it is highly possible.
It is also in line with the attitude that UK has had lately.
It is a worrying situation for all of us, especially in Europe where the escalation can be dangerous for many Countries.
UK is losing and so it is leaving it all on the field, but it is leaving it badly and in a dangerous way for everyone.
The key problem is that UK could provide an amount to Ukraine to make a so-called dirty nuclear bomb.
That is far away and very dangerous step to the one done by US in Iraq.
I don’t know if we realize that we have to hope that Russia and China leaders will have their heads on their shoulders, because ours don’t have it anymore.
(Israel National News)
Face-masks and Covid.
A further aspect of Covid mismanagement.
”Face-masks: Huge meta-analysis shows lack of impact on respiratory disease
Cochrane reviewed over 600,000 participants in 78 randomized-controlled studies.
A meta-analysis of 78 randomized controlled trials (RCTs) involving 610,872 participants, conducted by Cochrane, an international organization, has demonstrated that wearing face masks (of any kind) has negligible to no impact on respiratory viral infections, including SARS-CoV-2 (COVID).”
https://www.israelnationalnews.com/news/368973
We seem to get this result over and over, whoever does the study. Wearing masks does reinforce fear, however.
I not this report says, “By contrast, hand hygiene was found to have a “modest” effect on reducing respiratory illness.”
When I see someone wearing a mask – particularly when they are not forced to — immediately makes me thing — Hyper MOREON.
The rest are just normal MOREONS
> China-Russia meeting; deepening economic, energy and military cooperation
The meeting in Russia with China is a five day affair. If seems to involve a growing friendship, with a military aspect. Most of the global West misses this point; they think the meeting is all about Ukraine, but it can’t be.
China and Russia will be at the core of a new group of countries working together economically. China is working in the direction of being the new peace keeper in the world. The US will lose its role. This role will slip away, as the US becomes bogged down in Ukraine. Trump seems to understand better than Biden, and any of the other presidential candidates, the dynamics of what is going on.
All the Chinese need to do is wait the current situation out. America is losing its role supporting Zelensky in the White House. Biden’s ineptitude in the White House is also creating problems for the US.
I’m on a roll today….oh boy……
NEW HAVEN, Conn. (WTNH) – Tick-borne illness cases in the United States are up 25% since 2011, according to a new report from the Centers for Disease Control and Prevention, including a rare disease now spreading in the U.S. Northeast.
The CDC says cases of babesiosis, which can cause illness ranging from asymptomatic to severe, have increased significantly in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont. The disease is already considered endemic in Connecticut, Massachusetts, Minnesota, New Jersey, New York, Rhode Island and Wisconsin.
The tick-borne disease, which is growing in cases but still rare, is transmitted from the bites of black-legged ticks.
Babesiosis infections can be asymptomatic or cause mild to severe illnesses that can be fatal. Symptoms, which can last for several weeks, typically show up between one and four weeks after a bite. The most common symptoms include fever, chills, sweating, fatigue, and myalgias. They also include hepatosplenomegaly, or an enlarged liver, and hemolytic anemia, a disorder that causes red blood cells to be destroyed faster than they can be created.
Yale scientist Goudarz Molaei told Nexstar’s WTNH one of the factors that could be causing the increase in tick-borne diseases could be shorter winters.
“Understandably because of climate change and other environmental conditions we are seeing increases in tick abundance and tick activity,” Molaei said.
The Invisible Universe strikes BACK!
It doesn’t sound like today’s humans would make very good hunter-gatherers.
Today I am eating the remains of a coyote killed whitetail. I had to kick a bald eagle off it to get my share.
I am bypassing hunter gathering and moving straight into scavenger mode.
The eagle was less than impressed.
are you sure the eagle didnt carry you off to its nest to feed its young?
I would try valiantly to report such an occurrence if it were to occur.
The eagle was a large one, but to carry me off would require “Cretaceous “ atmospheres and gravities and an eagle the size of a quetzalcoutlus.
i thought maybe you got carried off a bit at a time
This is the best I could do at such short notice. It’s amazing how the late Raquel Welch managed to keep her hair and skin looking so impeccably smooth.
Laughing quietly at the last sentence.
Dennis L.
Maybe a tick virus research center could be setup so we can study this? Put it on an island to ensure none of those tick diseases escape.
Exactly. Plum Island, New York, the epicenter of Lyme disease and institutional home of the inventor/discoverer of its modified bacterium. Apparently the lab also played with and released (releases?) the parasite that causes babesiosis.
Let me guess — Babesiosis only affects Rat Juiced babies?
John Bolton comes out against the International Criminal Court, calling it “illegitimate.”
Perhaps he’s worried they might come after him with a war crimes warrant?
https://rumble.com/v2e09dg-ill-be-damned…-john-bolton-said-that-the-international-criminal-court-is-.html
Perhaps Fast wasn’t kidding about Turbo Cancer. Oh and just as the cases began appearing, Pfizer/BioNTech approval for a cancer treatment drug just for that in 2022.
“Testicular Turbo Cancer in Young Athletes? Diagnosis to Death in Days or Weeks. COVID-19 mRNA Vaccine Spike Protein Injury to the Testes”
https://www.globalresearch.ca/testicular-turbo-cancer-young-athletes-diagnosis-death-days-weeks-covid-19-mrna-vaccine-spike-protein-injury-testes/5812576
FE picked up that term from Dr Ryan Cole – a pathologist whose lab does biopsies on this sort of thing.
Also there was a UK oncologist (and others) confirming they are seeing rapidly growing cancers
(France 24)
It is funny to remember what US said to the Hague International Criminal Court in case it should decide to accuse US citizens.
”10-09-2018 – US threatens to arrest ICC judges if they pursue Americans for Afghan war crimes”.
https://www.france24.com/en/20180910-usa-trump-threatens-arrest-icc-judges-american-soldiers-afghan-war-crimes
…and Yugoslavia war crimes, Iraq war crimes, Syria, war crimes, Libya war crimes…….
The US even passed legislation, dubbed the Hague Invasion Act, in the early 2000s, whereby if any US citizen is detained by the ICC the US can send the military in to free them. I think the ICC was after Dubya at the time.
(Byoblu)
‘Ukranian soldiers are trained (also) in Italy’
https://www.byoblu.com/2023/03/21/i-soldati-ucraini-si-addestrano-in-italia-kiev-riceve-il-nuovo-sistema-missilistico/
JPMorgan and Co. made a $30B deposit into First Republic Bank after a $70B withdrawal of deposits from the bank.
What’s so special about this bank? Nothing. There are 200 more insolvent banks behind First Republic Bank.
The stock market is hacking them into pieces one by one. Due to transparency laws everyone can look at their balance sheets.
JPMorgan and Co. are trying save the banking sector…by building a wall against a tsunami of bank failures.
We will find out how well this approach really works.
All banks are insolvent.
Pension plans are not nearly as well funded as thought. Insurance companies, particularly those insuring long-payout policies (with lots of bonds supporting this payment stream) have problems as well, especially if the payouts rise with inflation.
I’m assuming these work. Maybe it’ll be easier to clear the hurdles when there are more brownouts .
https://www.fortum.com/media/2023/03/fortum-and-rolls-royce-smr-explore-joint-opportunities-smrs-finland-and-sweden
This starts out:
This is still a long way away. Getting enough uranium is likely to be an issue. Russia/ Kazakhstan control most of the flow now, and general production has been down.
How to reduce PFAS in your drinking water, according to experts
By Sandee LaMotte, CNN
Published 2:53 PM EDT, Tue March 14, 2023
In the next three years, drinking water in the United States may be a bit safer from potentially toxic chemicals that have been detected in the blood of 98% of Americans.
Perfluoroalkyl and polyfluoroalkyl substances or PFAS are a family of thousands of man-made chemicals that do not break down easily in the environment. A number of PFAS have been linked to serious health problems, including cancer, fertility issues, high cholesterol, hormone disruption, liver damage, obesity and thyroid disease.
High levels of man-made chemicals that can harm the immune system were found in the food packaging of popular fast-food restaurants and grocery store chains, according to a Consumer Reports investigation.
Dangerous chemicals found in food wrappers at major fast-food restaurants and grocery chains, report says
The US Environmental Protection Agency proposed on Tuesday stringent new limits on levels of six PFAS chemicals in public water systems. Under the proposed rule, public systems that provide water to at least 15 service connections or 25 people will have three years to implement testing procedures, begin notifying the public about PFAS levels, and reduce levels if above the new standard, the EPA said.
Two of the most well-studied and potentially toxic chemicals, PFOA and PFOS, cannot exceed 4 parts per trillion in drinking water, compared with a previous health advisory of 70 parts per trillion, the EPA said.
Another four chemicals — PFNA, PFHxS, PFBS and GenX — will be subject to a hazard index calculation to determine whether the levels of these PFAS pose a potential risk. The calculation is “a tool the EPA uses to address the cumulative risks from all four of those chemicals,” said Melanie Benesh, vice president of government affairs for the Environmental Working Group, a consumer organization that monitors exposure to PFAS and other chemicals.
“The EPA action is a really important and historic step forward,” Benesh said. “While the proposed regulations only address a few PFAS, they are important marker chemicals. I think requiring water systems to test and treat for these six will actually do a lot to address other PFAS that are in the water as well.”
The water filters that are most effective for PFAS are reverse osmosis filters, which are more expensive, about in the $200 range,” Andrews said. Reverse osmosis filters can remove a wide range of contaminants, including dissolved solids, by forcing water through various filters.
…First, look up levels of PFAS in your local public water system, suggested David Andrews, a senior scientist at the Environmental Working Group. The advocacy nonprofit has created a national tap water database searchable by zip code that lists PFAS and other concerning chemicals, as well as a national map that illustrates where PFAS has been detected in the US.
I was shocked when I looked up my water quality under this article link.
And we are worried about a leaky vaccine!!???? Please….get real…
https://www.cnn.com/2023/03/14/health/pfas-water-filters-wellness/index.html
Go to the article yourself if you live in the US and search the link yourself for your address.
A person doesn’t really want a reverse osmosis filter, however. It takes out too much of minerals you really need.
Another article I read showed that PFAS found in teflon has been declining in water supplies for quite a few years. The overall total is trending down. I am sure that CNN would like to encourage the sale of reverse osmosis water filters.
That’s right..and a person also doesn’t want this
Arsenic
Potential Effect: cancer
157x times the limit
EWG’S HEALTH GUIDELINE
THIS UTILITY
0.629 ppb
EWG HEALTH GUIDELINE
0.004 ppb
LEGAL LIMIT
10 ppb
DETAILS
Haloacetic acids (HAA5)†
Potential Effect: cancer
111x times the limit
EWG’S HEALTH GUIDELINE
THIS UTILITY
11.1 ppb
EWG HEALTH GUIDELINE
0.1 ppb
LEGAL LIMIT
60 ppb
DETAILS
Haloacetic acids (HAA9)†
Potential Effect: cancer
257x times the limit
EWG’S HEALTH GUIDELINE
THIS UTILITY
15.4 ppb
EWG HEALTH GUIDELINE
0.06 ppb
NO LEGAL LIMIT
DETAILS
Radium, combined (-226 & -228)
Potential Effect: cancer
9.3x times the limit
EWG’S HEALTH GUIDELINE
THIS UTILITY
0.46 pCi/L
https://www.ewg.org/tapwater/system.com
Unfortunately, activated charcoal filtering does not do the task in removing this deadly forever trace pollutants…
We are killing ourselves in many invisible ways we are unaware of in our limited consciousness…but of course, we imagine we are very much in the know…ha…chime in Eddie…
Gail – that decline is only for teflon. As the article states there are thousands of chemicals in that category, I have read it is more like 8000. Only a dozen have been tested and tested for.
These chemicals and thousands of others are in everything and have been bioaccumulating in plants, soil, insects, birds, fish basically all fauna and flora on the planet everywhere from the highest mountain to the deepest sea. It is in the air we breath, it falls with the rain and the snow. All this has been happening for over 75 years.
Whenever a chem is exposed as toxic for everyone and they ban it you can be sure that there are hundreds more just like it that are not banned. And the banned ones just get shipped, sold, and used in the developing world…not by their choice mind you.
I find it interesting that you drum on about a finite planet but are in complete denial about the finite biosphere of the planet.
The biosphere keeps renewing itself. It may get rid of this group of humans. It is all part of an evolving universe.
We don’t have the ability to protect the biosphere as much as would be ideal, just as we don’t have the ability to prevent climate change and we cannot prevent ever 95-year-old from dying.
We can blame ourselves, but we cannot fix the situation.
Has the introduction of PFAS been associated with an immediate 10-40% rise in overall mortality? I support limiting exposure to these pollutants and eliminating them from use, but their impact on human health seems to be tiny compared to the jabs.
Deadly fungal infection spreading at an alarming rate, CDC says
drug-resistant and potentially deadly fungus has been spreading rapidly through U.S. health care facilities, a new government study finds.
https://www.yahoo.com/news/deadly-fungal-infection-spreading-alarming-000734788.html
The fungus, a type of yeast called Candida auris, or C. auris, can cause severe illness in people with weakened immune systems. The number of people diagnosed with infections — as well as the number of those who were found through screening to be carrying C. auris — has been rising at an alarming rate since it was first reported in the U.S., researchers from the Centers for Disease Control and Prevention reported Monday.
The increases, “especially in the most recent years, are really concerning to us,” the study’s lead author, Dr. Meghan Lyman, chief medical officer in the CDC’s Mycotic Diseases Branch, said in an interview. “We’ve seen increases not just in areas of ongoing transmission, but also in new areas.”
…The main problem is preventing the fungus from spreading to patients in hospital intensive care units, Javaid said. Unfortunately C. auris can colonize not only people who come in contact with the fungus, but also patient rooms.
“By its nature it has an extreme ability to survive on surfaces,” he said. “It can colonize walls, cables, bedding, chairs. We clean everything with bleach and UV light.”
While the fungus was first identified in 2009 in Asia, scientists have determined that C. auris first appeared around the world about a decade earlier, after they re-examined older data and discovered instances where C. auris had been mistakenly identified as a different fungus, Dr. Graham Snyder, medical director of infection prevention at University of Pittsburgh Medical Center, said in an interview.
…..
It’s important to stop the pathogen so it doesn’t spread beyond hospitals and long-term facilities like the drug-resistant bacteria MRSA did, Snyder said.
Oh Boy, another fine mess we got ourselves into…
Sounds like more scare mongering. The pathogen is brought on by our high level of complexity. The article I read said that it was originally found in nursing homes, among those in very poor health. They are worried it will spread to those in terrible health a regular hospitals. If we didn’t have so many in terrible health that we put together into care facilities, this would never happen. Many/most of these are at death’s door to begin with. This is too high level of complexity to continue. We cannot protect the lives of these individuals to the extent we think we can.
Someone just post an article here concerning drug resistant bacteria infections on the rise a few days ago….suppose this is one example of it..
The lesson here is the invisible world rules humans, but we think otherwise or like to feel we are in control😷.
Like you yourself have pointed out, Gail, that is not the case
Yes, and viruses that are not really killed by vaccines quickly mutate to not be affected by the vaccines.
but who will face the alternative?
Me.
Rather starve myself up on a mountain or shoot myself in the head than go into one of those homes.
I am of the same opinion
everybody is till crunch day
right now I’m sort of keeping an eye on a 98 yr old—he’s fighting it off day by day and I help where I can—shopping and stuff.
it isn’t going to end well–but there goes all of us one way or another
Gail, a cornerstone of modern medicine is antibiotics. Drug-resistance is a real and increasingly concerning issue.
Since antibiotics aren’t big revenue-generators, their development hasn’t been prioritized. Meanwhile, the bugs evolve and we have fewer and fewer treatment options.
Also, antibiotics (even those considered antibiotics of last resort) are increasingly being fed to animals, especially in countries without laws forbidding this. This tends to increase resistance related to these antibiotics.
Yes, we shouldn’t be dosing animals at all. It’s gross negligence or even manslaughter.
Antibiotic-resistant bacteria can be killed by artificial sweeteners
https://bgr.com/science/antibiotic-resistant-bacteria-can-be-killed-by-artificial-sweeteners-from-sugar-free-foods/
there’s some interesting research into especially acesulfame-K, showing that a few artificial sweeteners seem to boost the effectiveness of antibiotics. xylitol isn’t mentioned here, but is another sweetener (and it can be found in birch bark, i.e. naturally, rather than something like aspartame) that has antibacterial properties.
Interesting, but color me skeptical for now. The ratio of optimistic scientific headlines and academic claims to reduction-to-practice is large.
curious, I am lurker, why you should point the finger at Xylitol.
I’ve beeen using it daily for maybe 4yrs sprinkling it on a smear of toothpaste when brushing
it’s reputed to dissolve plaque and my dentist who’s monitored says there’s little issue with this now
FWIW
antibacterial?
official:
https://link.springer.com/article/10.1007/s00284-008-9332-4
non-paywalled:
https://sci-hub.se/10.1007/s00284-008-9332-4
ivanislav, your skepticism is certainly well justified. i found these studies interesting having read a bit about xlear, which is 10% xylitol in distilled water; steve kirsch’s substack and comments note that it works well as a preventative (the fact that the CDC are suing them suggests it’s effective) – https://stevekirsch.substack.com/p/xlear-a-simple-cheap-nose-spray-can
moss, i like xylitol as there seems to be a body of evidence suggesting it works, and you can find it as a natural extract of birch bark, rather than some toxic witch brew like aspartame.
There are all sorts of horrible pathogens kept in check by antibiotics etc…
They are preparing for a jamboree….
Ron Desantis
“If you don’t hold it, you don’t own it.”
https://www.flgov.com/2023/03/20/governor-ron-desantis-announces-legislation-to-protect-floridians-from-a-federally-controlled-central-bank-digital-currency-and-surveillance-state/
There is no viable presidential candidate for the democratic party. Trump is toast. And Desanctimonious just doubled down on BAU a few days after the terminal financial collapse of capitalism began. The centralized federal clearinghouse will be necessary. Tulsi is also opposed to a cashless society and transactional surveillance but neither of those bogeymen are mutually inclusive with a digital Greenbacks scheme. Encryption prohibits surveillance (in practice) and having digital currency and cash operating in parallel prohibits (in practice) a cashless society.
Ron, the conservative christian capitalist, is sanctimoniously siding with The Money Masters’ private money system and against a digital hybrid nationalist public banking system that will be clear to everyone, by next year’s debates, saved the system from total collapse. Oops. Tulsi’s gonna ram that one down his throat.
Are we already headed for an unwind of the “United” States? Or is that still a few years away?
I don’t think so. The dissolution of globalization means emergency consolidations into nationalisms. So even though everything (globalization) looks like it’s falling apart -when we look at it from the top-down – and it is — it’s also emergency consolidating itself into nationalisms when we look at it from the bottom-up. Look at the emergency consolidations in finance right now, they’re bottom -up. And they will culminate in nationalization – we already heard the whispers of nationalization in Switzerland when we read that if CSB-USB consolidation fails then SNB will nationalize it/them. Political populism is also bottom -up nationalization/consolidation of politics. When people lose their futures and are scared, they become huddled masses, and that survivalist huddling is a much more powerful mass psychology than the now-seemingly trivial political beefs they used to hold.
And the huddling is the just the unhealthy side of the consolidated psychology. The healthy, vigorous, constructive side will also emerge among the still-capable; that was what NS culture was all about, promoting Service Above Self for the good of the State. NS is a grand Unity Politics, like how people come together during natural disasters.
More extend and pretend.
The catch is that the citizens are becoming poorer. They can pay less in taxes. This makes it harder for the people in power to stay in power.
There is the problem of the world struggle as well. The US cannot win at economic war against China/Russia/Middle East. Maybe this turns into a hot war; the US and Europe aren’t ahead in this area either. It will be hard to maintain imports from this group.
The US has been overspending its income forever. It has promised out way too much in Social Security and Medicare. It also has promised out too much for private pensions. Amounts that are currently in bank accounts cannot possibly buy as much as people expect that they will. This will have to come out at some point. If all of these are bailed out, there will be very high inflation. It is easier to imagine these programs being given to the local governments.
this seems preposterous, horrifying.
They must be confused?
But then again I never imagined the current landscape and sweeping it under the rug.
https://rumble.com/v2av1rg–todd-callendar-re-marburg-info-about-the-possible-release-of-the-zombie-ap.html
Now THIS is the kind of TOP SECRET conspiracy that I come here for!!! Eddy, take note! Pulsed 5G release of genetic cargo that turns the vaccine recipients into Zombies! FANTASTIC! Plus Marburg, one mustn’t forget the Marburg!
LoL, 5g seems ludicrous but is it technically possible in a lab environment? I hope not, doesn’t seem possible.
Speaking of zombies:
https://www.foxnews.com/us/dea-issues-dire-warning-fentanyl-mixed-flesh-eating-tranq-zombie-drug-seized-48-50-states
“Marburg virus symptoms are the same as the mRNA jab side effects”
What a coincidence!
Not exactly. Marburg is 88% fatal. Marburg causes hemorrhagic symptoms the mRNA does not.
Germs that kill everyone tend not to spread, especially if they kill off their hosts quickly.
(Bloomberg)
”RISING RATES Are Reshaping Once-Lucrative COMMODITY TRADES (Bloomberg). Higher interest rates are forcing commodity traders to RETHINK SOME DEALS AND PUSH UP PRICES, in the latest example of how a period of rapid central-bank hiking is reshaping global business.”
https://gcaptain.com/rising-rates-are-reshaping-once-lucrative-commodity-trades/
This article makes a very good point:
Fewer trades = less demand = lower commodity prices
Low interest rates + very available credit = maximum prices for commodities
The world economy has grown since 1981 based on falling interest rates and increasing credit availability. Before 1981, the growth of the world economy was enabled by rising energy consumption.
Historically, most of this rise in energy consumption has allowed more population. Since the industrial revolution, a growing share of this rise in energy consumption has gone into rising complexity. But without high enough energy prices for producers, the whole system fails.
It also tends to fail if parts of the system do not get enough commodities to maintain their current level of complexity. Roads and electricity transmission lines cannot be repaired, for example.
(Reuters)
”Norway Supreme Court Ruling on Snow Crab Case Impacts Oil and Mineral Rights. OSLO, March 20 (Reuters) – Norway’s Supreme Court ruled on Monday that EU ships cannot fish for snow crab off the Svalbard archipelago in the Arctic in a case ALSO DECIDING WHO HAS THE RIGHT TO EXPLORE FOR OIL AND MINERAL IN THE REGION.
https://gcaptain.com/norway-supreme-court-ruling-on-snow-crab-case-impacts-oil-and-mineral-rights/
What a surprise! Norway’s Supreme Court is protecting Norway’s interests.
(Uomini e Trasporti)
”Basf closes ammonia plant, but AdBlue production is not at risk.
Due to high energy prices, the multinational chemical company has announced the closure of one of its two ammonia production plants at its Ludwigshafen, Germany, headquarters”.
https://www.uominietrasporti.it/professione/finanza-e-mercato/basf-chiude-impianto-di-ammoniaca-ma-la-produzione-di-adblue-non-e-a-rischio/
Ammonia is used as fertilizer. This is not good for crop production.
Thank you for this remind.
This is another recent public outing by The Bosche. This one was his 45-minute presentation at the International Conference on all things Coronavirusey in Stockholm. It’s entitled “Pandemic Strategies: Lessons and Consequences.”
Here GVB gives a very clear explanation of why we should never employ a leaky vaccine or do a mass vaccination campaign during a pandemic. He absolutely smashes the narrative! He breaks down everything into simple statements that even Ivanislav could understand with a bit of remedial help. He calls the health officials and politicians mandating and pushing the Covid strategy “criminals” and the so-called experts who don’t understand natural immunity “eejets.”
This is a tour de force that everybody should watch and everybody who doesn’t want to watch should be forced to watch it over and over again until they beg for mercy.
And what a beautifully designed pattern on that sweater he’s wearing!
https://rumble.com/v2a88cu-pandemic-strategies-lessons-and-consequences.html
It’s late so will t this up in the am…
The only mistake GVB is making is he is unwilling to accept that this is a diabolical plan and the intent is mass murder.
It is not a mistake..
Understandable that he would be unwilling to go there…. to do so would be to realize the futility of his efforts… and lead him into deep despair.
If only he could accept that humans are vile and any plan that exterminates them is to be welcomed….
You guys make a great duo, like Dunning and Kruger.
I like it! You make an excellent point with considerable wit.
But levity aside, just as those two eminent social psychologists pointed out, FE and yours truly never underestimate other people’s cognitive bias.
By the way, where has Withnail gotten too? I hope we haven’t scared him away.
If the pandemic was fabricated by mislabeling existing normal virus activity as C19 then this leaky vaccine concept doesn’t concern me. I’m bored of C19, I don’t know anyone who died from C19 or from the vaccine. A co-worker said their 95 year old grandmother died from it while another said their 88 year old grandma survived. I’m glad we’re slowly moving back to the usual scheduled doom of energy and minerals being in short supply soon. Anyone have suggestions on what to buy while BAU is still functioning? I’m considering replacing the roof and doing some other home improvement projects in the hopes of having a home during a slow grinding poverty decline. I could defer these projects another few years but worried it might not be possible a few years from to purchase building supplies.
What to buy? Our borough currently has a ban on flocks of chickens so I bought roofing material, wire fencing, lumber and fasteners to build a coop if the need arises. Did some research on what to grow for homemade chicken feed. Neighbor who offered me IBC water tote has her own flock showed me trail camera of mink sniffing around her pens. Her brother has larger flock with rooster. Thinking ahead.. Heavy tarps to collect rain and cover roof damage.. bucket shower with pulley system.. brackets for solar panels to hang discreetly on fenced courtyard in late morning sun.. canning salt.. powdered calcium hypochlirite to sanitize and treat 50,000 gallons of water.. trade and barter items.. aluminum foil, bic lighters.. zippos and coleman fuel to refill lighters.
For chicken feed the gold standard is an adequate black soldier fly larvae operation. You can do it year round by bringing the operation inside in winter, into the room where your wood stove is. They eat anything. You could use their breeding bin/chest as your shitter if you wanted to.i think. The operation doesn’t smell either.
Everyone should have good chainsaw – I love my pair of Stihl 261s for firewood. Get yourself 25gal of non-ethanol gas in 5gal cans, and mix the Stihl ultra oil in the silver bottles into it. Should last years. If you never have use for a saw and fuel they will be worth their weight in gold.
Thanks for the suggestions reante!!
When the petrol stops flowing .. you can hold up your chain saw in front of the hordes and making Rrrrr.. Rrrrrr… sounds with your mouth to try to scare them off
If they don’t buy that then throw it at them and run
FE, I mentioned the fentanyl to Dad and he wasn’t impressed. He does have a 200 series Still gas chainsaw as a backup. Battery powered chainsaw plugged into solar inverter with 100′ extension chord?
I suggested to Dad when the time comes.. given his advanced age and profane outbursts he can cosplay Anthony Hopkins character from “Legends of the Fall” and smite foes wearing a Buffalo Robe with a concealed double barrel shotgun.
Good suggestion on the lead cladding!
I’d recommend the lead lined drywall or bricks:
https://www.radiationproducts.com/radiation-shielding-for-construction
You’ve said you had a prepper phase, then realized the pointlessness. I’ve read New Zealand will be a radiation holdout. Is that how you originally came to be there?
Mostly due to the traffic and heat of Bali … and NZ has a time zone difference with HK that I can work with. Also it was the doomer flavour of the moment – which is utter bullshit. We are just as f789ed as everyone else.
Good decision overall
I don’t know anyone who died from C19 or from the vaccine.
Lots of people died from the vaccine – but they don’t think the heart attack stroke blood clot etc… were the caused by the vaccines
only 10 eddy
youre behind schedule
Bossche insists over and over that the authorities do not understand the mistakes they are making…
There is no mistake. How is it possible that he cannot see this?
If he cannot see this — and he puts this message out to the anti-vaxxers… everyone directs their energy towards trying to convince the authorities and the MOREONS that this is a huge mistake – hoping for a breakthrough.
They’ll go to their graves screaming in frustration … and they’ll not take any action that might collapse BAU before the extermination can be completed
In the bossche interview they discuss measles … I revisited this afterwards… https://drkevinstillwagon.substack.com/p/the-silent-killers-7c3
f789 all vaccines … if they do have any benefit let MOREONS take all the risk… shhhh… don’t tell the MOREONS..
Well .. go ahead and tell them.. won’t matter they do what BBCCNN says…
This is a benefit of 1500HP… zero risk
https://www.verywellhealth.com/is-it-too-late-to-get-a-flu-shot-2633822
>> The CDC recommends getting vaccinated early, but they also say, “Getting vaccinated later, however, can still be beneficial and vaccination should continue to be offered throughout the flu season, even into January or later.”
https://www.goodrx.com/conditions/flu-vaccination/is-it-too-late-to-get-a-flu-shot
>> It’s almost never “too late” to get a flu shot, since flu season lasts from October to May.
So flu shots are offered throughout flu season FOR DECADES NOW but … somehow … NO BOSSCHE MUTATION! Why hasn’t it happened! What sorcery!?
Slow Eddy, I am going to post below each of your GVB posts. You post more than enough, the least you can do is filter it to the more entertaining and plausible conspiracies. No more GVB. It’s disallowed. Verboten. Capiche!?
MASS vaccination is not done during the flu season.
Watch the presentation – he explains why.
Also flu vaccine is a vaccine ( that does very little but…).
The covid vaccines are gene therapy and has a different effect, but that said the Mareks comparison is a standard vaccine.
So Ivan could be right or Eddy. Wait and see.
The fatal error (pun loosely intended) that people make is in thinking the covid injections are vaccines. They are not. They are experimental cellular transfection devices based upon an mRNA/LNP platform. Why is this so difficult to understand?
Open question to the forum; what value of energy consumed per capita per annum do we think the world’s holy planners have in mind? And will it differ between regions? As of 2017, UK was at 120GJ per capita per annum. How low can we go before people realise they are part of the fraction that is being reduced? 100GJ? 50GJ?
That sounds deflationary. What was your 2023 low price for oil again? For the office pool? Mine was 11.66/barrel WTI.
Show me yours and I’ll show you mine.
It will most certainly different between countries.
Naturally! Missing people will do that…
Lunar oxygen pipeline would require 175x less energy than moon rovers
A pipeline requires no return journey with an empty tank of oxygen, Lunar Resources CSO Peter Curreri explains.
Chris Young
Created: Mar 10, 2023 08:47 AM EST
Lunar Resources Chief Science Officer Peter Curreri recently submitted a counter-proposal to NASA regarding its plans to use lunar rovers to transport oxygen for its future Artemis missions.
Curreri claims that using a lunar pipeline to transport oxygen on the moon would require 175x less energy than transportation via rovers.
Lunar Resources received $175,000 in funding from NASA to develop a lunar pipeline concept based on that idea.
Last year, NASA kickstarted its Artemis program with the launch of its Space Launch System (SLS) mega rocket for the Artemis I mission.
The ultimate goal of NASA’s Artemis missions is to establish a permanent human presence on the moon that will serve as a stepping stone for the eventual human exploration and colonization of Mars.
Eddie…as you fiddle faddle about…real progress is being made to place Man on the Moon permanently…wait till a birth occurs on the surface of Luna..
https://interestingengineering.com/innovation/lunar-oxygen-pipeline-moon?modal-plans
Lots more out there…
Put together a ridiculous narrative, and lots of people will believe it! Opportunity for future jobs!
Not according to Elon Musk, Sir Richard Branson,
https://spaceperspective.com/?atrkid=V3ADWF95DD0F9_126951594907_kwd-896750835558__529457771995_g_t___&gclid=CjwKCAjwq-WgBhBMEiwAzKSH6KmFmppaBOnvxv4VVKg8JrGz1ve7Ik9bdNq0p4agiFgJKl54wgQKrhoC7okQAvD_BwE
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Come on Eddie..reserve your seat now..add this frivolous trip to your bucket list….bring along lots of blow and stripper..party hearty, bro. Maybe Norm will join you…too funny!
Gail, I agree with you 100%…
But that’s the public realm we have now…
To have a birth on the moon one would require a “person with a cervix”.
Now our current leaders have pronounced that they will place a “woman” and a person of color on the moon. What are the chances that this “woman” will be a person with a cervix with our current crop of woke thinkers in Washington?
It may have to be a test tube baby.
I am most concerned by the bigotry going on. Where is the trans person on the moon?
Trannies on the Moon
https://youtu.be/goh2x_G0ct4
Whitey’s on the Moon.liked it Eddie but Whitey’s on the Moon..
A tax break for Vaccinated NZ MOREONS hahaha == spend it quick you f789ing imb eciles https://t.me/c/1588731774/17050
How do you do it?
I have had 2 comments waiting for approval and during that time you have had 6 go through.
Need some tips!
Success!
VIP membership…
Winter is arriving — the Rayburn has just been activated… a teaser of wood … to be followed by a glorious heap of luscious black nuggets!!!
F789 Yeah!
you need more 4 number swearwords Lastcall
Pfizer Concludes “No New Safety Issue” Following Devastating Kidney Injuries After the Shot
In the first 90 days after Pfizer’s mRNA rollout:
• 69 patients, including one infant, suffered acute kidney injury or acute renal failure (the vaccine was not authorized for infants during this time).
• Half of the severe renal adverse events were reported within four days of vaccination.
• 67% of kidney adverse event patients were women, and 33% were men.
Dr. Naomi Wolf: “So here you have 69 patients having kidney injury — kidney failure: many of them within four days of injection, one of them a tiny, tiny infant, two-thirds of them were women. And Pfizer says, ‘it’s all fine.'”
Report 62: https://bit.ly/Report-62
Tee hee… very funny this is https://t.me/TommyRobinsonNews/46035
More on that descent https://t.me/TommyRobinsonNews/46045 https://t.me/TommyRobinsonNews/46047
Excellent — invite 20 year old immigrants into the country and wait for the fire works to happen https://t.me/TommyRobinsonNews/46029
Completely gut your society with that Trannies fent etc…
And folks be begging to be put down
….you forgot: get the vaccine.
Some updates:
Italy.
Milan is violent. Foreigner 60% of those arrested. The city tops in Italy for crime index. More than half the crimes of immigrants.
https://www.ilgiornale.it/news/politica/milano-violenta-straniero-60-degli-arrestati-2124162.html
Italy.
Jobs, unemployment up at 7.9 percent. Youth unemployment at 22.9 percent
https://www.altramantova.it/it/altrove/italia/35737-lavoro-disoccupazione-in-crescita-al-7-9-quella-giovanile-al-22-9.html
Italy.
Milan. Wait 4 years for a liver surgery on the public health system, or pay 7.500 Euro to have it now.
https://www.ilparagone.it/attualita/quattro-anni-lista-attesa-privato-7-500-euro-intervento-subito/
…and then they wonder why people don’t have children.
But it is normal !
How can young couples decide to raise a family in this context?
People who need liver transplants should not have children anyway.
it is just a quick overall picture about the situation in Italy for those who don’t know it….transplant is just part of the general explanation of the situation.
In France, 37% of “educated'” (unversity degree) young women don’t consider having a baby.
Wow!
Fantastic! Italians will welcome UEP with welcome arms…. more Paxlovid!
We need that jackpot mutation.
Crisis Actors needed? WTF… norm you should apply https://t.me/downtherabbitholewegofolks/69878
Lots of opportunity to make money, planning for upcoming events.
Just thinking … it would be great fun if they were to send the injection team by The Goat Ranch…. FE would lock the f789ing gate and force them to listen
Nicely done … nicely done https://t.me/downtherabbitholewegofolks/69859
Priceless https://t.me/downtherabbitholewegofolks/69851
SCCCHHHHHAD!!!!
Star Wars and Harry Potter actor Paul Grant dies aged 56 after collapsing outside King’s Cross station
https://news.sky.com/story/star-wars-and-harry-potter-actor-paul-grant-dies-aged-56-after-collapsing-outside-kings-cross-station-12839008
Gave me the chills reading about King’s Cross. Was commuting through that station twice a day in 2005, but luckily, as a journo I was working more 12 to 12 than 9 to 5, so was safe on that fateful July day.
Also reminds me of a great song, one of the last he wrote, trashing the music industry (“keep a fat man feeding in Berverly Hills”…):
A touch … of mental illness https://t.me/downtherabbitholewegofolks/69827
Jamie Foxx lol. That girl’s on fire!