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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.
(France Soir + Twitter)
Ukraine amid cult of sacrifice, forced mobilizations and suicides. On March 10, the Ukrainian state paid national tribute to Dmytro “Da Vinci” Kotsiubailo, leader of the battalion formed by activists of Pravyi Sektor, the leading ultranationalist far-right group and among the most violent in Ukraine. Kotsiubailo died March 7 on the Bakhmut front. The ceremony was attended by FINLAND’S PRIME MINISTER, Sanna Marin, a Young Global Leader formulated by the World Economic Forum (WEF) in Davos. Her presence is a demonstration of the whole West’s unconditional support for the Ukrainian regime. Kotsiubailo, this “hero of Ukraine,” had already been decorated by Zelensky on December 1, 2021 in a ceremony in Parliament, demonstrating that the most extreme ideology in Ukraine had already succeeded in imposing itself at the top of the state, and this was before the Russian offensive
http://www.francesoir.fr/opinions-politique-societe/l-ukraine-entre-culte-du-sacrifice-mobilisations-forcees-et-suicides
Ukrainian Pres. Voldymyr Zelensky presents “Hero of Ukraine” award to Dmytro Kotsyubaylo, commander of fascistic Right Sector paramilitary on 12/1/21.
Kotsyubaylo keeps a pet wolf and jokes that his fighters “FEED IT WITH THE BONES OF RUSSIAN-SPEAKING CHILDREN” .
https://twitter.com/MaxBlumenthal/status/1500193237029502979
If this is true, the fight for democracy is taking very strange paths in Ukraine…
(pay attention for sensitive content. Don’t open if you think you might be impressed)
In 2020: ”Breaking! A bus carrying supporters and members of Ukraine’s opposition party “Patriots For Life” was attacked by Ukrainian National Corps and Azov Battalion in the east of the country (Kharkov), unconfirmed reports that some of the passengers have been murdered.”
https://twitter.com/Russ_Warrior/status/1299040499937021952
I think Sanna should go to a party in Kiev with Kotsiubailo closest associates. They will drive her back at the end of the evening. She has to grow up sometimes, and she is already 36.
The new proposed law in Slovakia should solve the lack of the medical personnel by punishing the management of the hospitals with the prison sentences. However, the temporary Minister of Justice does not agree with it, but has to pass it to the parliament based on the government decision:
Google Translate:
“In the case of the proposed crime, the statutory body of the health care provider or its member who operates the hospital for more than 90 days will be criminally liable. He will be prosecuted if he violates the obligation to ensure the specified number of doctors, nurses or midwives. If the proposal is approved by the parliament, it will apply from July 1.”
https://www.trend.sk/politika/nedostatok-lekarov-nepreberie-zodpovednost-nikto-hrozba-vazenia-je-prilis-tvrdym-trestom?itm_brand=trend&itm_template=hp&itm_modul=trend_topbox&itm_position=7
Sounds reasonable to me…back to the days of Diocletian and perhaps it will extend BAU a little longer, until people flee and roam about in bands of unlawful gangs
It seems a way to discourage work in the public health care system.
This makes sure street sweepers are hired as doctors.
Probably true.
Prescient.
Dennis L.
Holy F789 – can this be any more fake?????
I’ve seen high school plays with better acting
https://t.me/c/1588731774/16980
There was a recent attack on a cryptocurrency? How could that affect DCBC? Any further infos, someone?
Utopia – Milner: ‘2019 End of Oil’ (peak cheap oil… same as end)
‘What we must do puts us beyond morality.’
‘Inside is a very deadly variant of the Russian flu – it will be released across multiple locations around the world– a vaccine will be provided – that saves the world’
Sound familiar?
I had ‘Russian flu’ 1977, very nasty. I didn’t know about vit.D or healthy eating then.
If one trusts Wikipedia it killed about 700,000, often under 25. Was it also a lab. leak?
Anyway, if the bio-terrorists plan a repeat, with people weakened by 40 years of the Standard American/UK Diet and high fructose corn syrup, for younger age groups it sounds much worse than ‘COVID’. For me, not so much.
Utopia — initially we are told the plan is to sterilize most people… but then Philip Carvell who created the vaccine says — Janus – you are all going to die.
Just as now we are being misdirected… but the real intention is total extermination
If only there was a Guy to call to deliver
https://i.redd.it/t72jd0k5zoc51.jpg
Eddy all die except the Roma. It is race targeted in the movie Utopia.
Utopia is meant to be part of the PR Teams total misdirection – it hints at a cull.. a cull collapses BAU…
Anything but UEP. That is taboo.
UTOPIA
What’s in there?
A protein!
They kill the scientist.
Utopia UK
I reckon you could take lives — billions — if it was necessary.
Killing me isn’t necessary – (so you couldn’t do it)
Bravo PR team!!! Who wrote this stuff???
Ardern and Trudeau could not kill a person — never — but they can kill billions …
Because — it is — necessary.
This is a magnificent series worth re-watching
Utopia UK – anyone notice how in multiple scenes there are two windmills spinning in the distance…
Another hint that the real plan is extermination not sterilization — we are being exterminated because we’re run out of cheap energy … and renewable energy is a farce.
Bravo PR Team!
And btw – only someone with a 1500HP would be able to identify and decipher this
The windmill is a universal symbol of life, hope, serenity and resilience. It is widely used in literature, music and films to represent fascinating, important, diverse and mystical matters. Its symbolism is so powerful that it has created many idioms, sayings and metaphors.
Windmills and waterwheels are a fascinating, quite complex thing, that can be build with knowledge and efforts requiring only local material. They can last up to 1000 years, compare that with modern buildings. They can drive saws, pump water, grain wheat, drive a loom, deliver some electricity or grind minerals, ore or glass for further production. Of course they cannot provide a megalopolis or enable scyscrapers with enormous window panes for a better espresso experience. But some googles, needles, locks or ball bearings would be helpful.
The only book I know dipping deeper in is:
Werner Schnelle: Mühlenbau. Wasserräder und Windmühlen bewahren und erhalten. Verlag Bauwesen, 1999.
Wind mills crush the seeds as to separate and disperse the husks in the wind.
I.e. separating the wheat from the chaff.
Problem is; it’s all chaff and no seed.
no, windmills grind the wheat. the chaff is separated earlier.
Ok sorry for my ignorance, however that analogy works as well.
Yes. Many wind turbines appear in Utopia (UK). Also, featured are old rundown houses and buildings and damp and wet ground.
https://t.me/DowdEdward/2571
My 2 cents on #SVB
US long Bonds, the dollar & stocks we’re setting up over a month ago hence my tweet. This is the beginning of a deflationary cycle. SVB just happens to be the headline. M2 y/y growth went negative in November.
Fed response will cause relief near term but 👇
@DowdEdward
In a deflationary environment, Feds will print like crazy and perhaps, just perhaps like a flip of a switch, it will turn hyperinflationary…..
You’re making me nervous CTG… might we be on the precipice of the End of Days?
Has the Rat Juice project failed — are we into Plan B — who can know…
All we do is wait… and eat popcorn… and have a few glasses of wine perhaps?
My good mate would always say after our crew had sunk 4 or 5 bottles of the good stuff >>>> enough wine — let’s call The Guy.
And like magic the guy — in a BMW — would arrive … with the potions and powders.
And off to the races!!!!
It’s been a full life — filled with adventures… but it’s time for extinction.
The thing is … because every dies… you don’t miss out on anything… if you are prepping you get to enjoy ROF and spent fuel ponds… I’d rather take a pass on that
https://www.theartisanhound.co.uk/wp-content/uploads/2018/11/whippet-running-northamptonshire.jpg
A friend just sent me a picture of a package of off cuts of beef in a supermarket in the US. Price 55 dollars. Where is the deflationary environment you speak of?
Is it not possible that some things will go / are going up in price (food, energy), whilst others go down (houses, cars)?
I meant to drop a photo of a grocery receipt but I lost it in the VIP room during the Slow Grind Phase…
Anyway – a small box of veg fruit cheese.. no fish no meat no booze — $108
definitely. which is why trying to define the moment as deflationary or inflationary irritates me.
Inflation is defined as a wage-price-spiral, more a monetarian thing. What we call inflation here is in fact higher efforts for energy. Where should the higher wages come from?
We should expect both a drop in consumption as much as a decrease of money supply. In case of any relevant population decline, economies should shrink. Companies will raise prices to pay their energy bills, invest into more energy efficient production and reduce prices as much as they can. Some will finally fail and drop out of market, so supply will fall. That might lead to higher prices in some segments. While this has characteristics of a deflation, I doubt it follows the typical pattern of deflations. A deflation usually includes the expectation of falling prices. But how could prices fall with higher energy prices? I would expect less supply, going beyond adaptations to population decline. As people cannot pay things, where should higher prices come from?
I doubt DCBC can change anything to that.
We may perhaps not have the models to properly measure the predicament.
Inflation for necessities and deflation for the rest….
Let’s be real; food has been way too cheap for far too long.
Behemoth lard rear ends shoving their excesses of protoplasm around in a couch on wheels with a fossil burner inserted up front.
How decadent and obscene.
Yes, I want to observe them squirm and twitch while turning and churning.
Good for them; good for me.
☯️ ➕😭
⛰️🚴💨💨💨 🌾🥕🌱🥦🥬🥒🌽🥔🍠🍎🍅
The ‘simaculum’ wouldn’t want someone like me without Schad, now would it?
🤣👍👍
To explain:
“M2 is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers’ checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds.”
Too much M2 is likely associated with inflation. When M2 goes negative, total funds for deposit in banks tends to fall. Some banks start getting left out. SVB was one of them, as startups began encountering difficulty with cash flow. (my interpretation)
This is one image of total M2 supply. It started to fall about a year ago.
https://ourfiniteworld.com/wp-content/uploads/2023/03/M2-amount-to-Feb-2023-1024×395.png
This is another image, showing the percentage change in M2 over one year ago. This percentage started to become negative in November, 2022.
https://ourfiniteworld.com/wp-content/uploads/2023/03/M2-Percentage-change-from-1-year-prior-1024×395.png
Notice how in Utopia UK they were working on the extermination way back in the late 60’s… Project L – an H1N5 virus .. a flu…
Anton – ‘Janus – you are all going to die’ (UEP)
“In 1954 Harrison Brown in The Challenge of Man’s Future contemplated what it would take to create a sustainable industrial future. He said that the path to such a future would be narrow and have to be managed carefully. He concluded that therefore the most likely outcome of industrial society would be a return to agrarian society.” (https://www.resilience.org/stories/2022-12-18/i-have-seen-the-future-and-it-is-ramp-hollow/)
I am sure you have seen the speech Admiral Hyman Rickover from 1957 (same era, a bit later)
https://ourfiniteworld.com/2007/07/02/speech-from-1957-predicting-peak-oil/
The story seems to have been widely looked into, even back then. Hubbert’s famous paper is from 1956, but I have read that he was not alone in his predictions. Also, the phenomenon of overshoot and collapse has been observed for a long time, around the world.
Utopia — Milner says they started working on UEP in the 60’s… so not longer after the speech.
The queues at the pumps after the US peaked on conventional would have lit a fire under their arses
Perhaps this was a false flag — done to demonstrate to the snowflakes who opposed UEP … to come on board…
Within hours total chaos… even though the mob was aware that this was temporary… and police were still on the job… strip away the police and make this permanent and oh boy oh boy this would turn in a murder and rape frenzy.
https://time.com/3949986/1977-blackout-new-york-history/
He concluded that therefore the most likely outcome of industrial society would be a return to agrarian society.”
Exactly what happened in Europe after the fall of the Roman empire which was a pre-fossil fuels industrial urbanised society.
the Roman Empire was also an agrarian society
It was based on slaves working the land, and deliver food to an elite
I also used a huge army to enforce this system
It was based on slaves working the land, and deliver food to an elite
Not exactly slaves as you imagine them, most Roman slaves are more accurately described as indentured servants.
After a fixed term of 20 years they would be freed by their master in a ceremony called manumission and would be given a sum of money saved up for them called the ‘peculium’. Following this they were freedmen (or women) and allowed to wear a distinctive cap.
What you’re thinking of are the kind of slaves who were used in places like mines who were prisoners and had a short life expectancy.
distinctions of slave staus, agreed
it was still an agrarian society however the slave system worked
I’m saying it was the closest to industrial you can get without fossil fuels. Production on that scale didnt happen again until the industrial revolution.
They were firing 10,000 pots at once in furnaces.
Number written for when you discover that your g’s been collaborating with the enemy to kill everyone on earth
We will know how serious the banking situation is when the usual ‘False Flag’ diversion makes its appearance.
Tis Modus Operandi for the embattled ponzi masters. A bunch of racketeers, all.
My guess is somewhere in and around Poland.
Or perhaps Biden and the supremecists (not sure of colour/sexuality/green credentials or religious persuasion).
Or maybe monki-vidi-tinoro-guilliane-spongi-form bacteria will arrive?
Exciting times!
ooooooooohhhhh… the HORROR
A member of the Battlehawks training staff passed away last night at the team hotel. Ben Siegfried was in his early 20s when he passed away. A cause of death has not yet been released.
https://palexander.substack.com/p/unless-you-prove-otherwise-mrna-technology
or not … due to GW or whatever
You really need to watch this …
Why would parents do this to their child? Why expose them to this filth, this putrid nastiness, these men pretending to be women, this disgusting filth, I cannot find the words for parents who do this
https://palexander.substack.com/p/why-would-parents-do-this-to-their
Unhinge society — death becomes a welcome escape
Because some men fool around as women, you wanna die? Did I get that right?
Not Fast Eddy – HE cannot die.
The MOREONS will accept death … to escape the insanity of life
Fast Eddy smashed down by a silly tranny? I could’t believe it! The legend goes on!
priests dress in funny clothes—some mess with kids
most don’t
You missed your calling
What’s the word for someone who insists children inject Rat Juice under the mistaken belief that this will protect that person from getting Covid?
Let me think…. oh yes — NOF
Because some men fool around as women, you wanna die? Did I get that right?
He hates them so much he spends his whole day searching for videos of them and dreams about them at night.
Set and Match Withnail!
Eddy
you never use words
you use numbers instead, your grasp of the English language doesn’t allow words.
From comments made to this latest unhinged rant–it would seem to be that your number is up.
We are certainly getting to the root of your problems eddy—”disgusting filth” etc etc.
How many times now have I said—–
constant accusations are no more than constant confessions
Anyone who carries a different point of view to you is a se xual deviant.—-Doesn’t that strike you as a rather weird?
I have strident differences of opinion on here with other people- on lots of topics,-but none follow your pattern of silliness by way of response.
None get deleted as far as I know.
It’s been a long time time since I took my doctorate in psychiatry eddy—and I may be a bit rusty—but you really are an open book—every comment is a fresh page for everyone to read. Unpleasant, but nevertheless fascinating.
No–i dont read all your wackiness eddy–just the odd one here and there
But i do enjoy doing the NZ morning time check from the moment your foot hits the bedroom floor, running to your KB
You need help mate.
That’s high praise coming from our OFW award winning ….. poet laureate? or….
Ooops… it’s a bit late…
FDA declares that rare neurological disorder Guillain-Barré syndrome (GBS) is an important potential risk of Pfizer’s RSV vaccine
https://palexander.substack.com/p/robert-malone-sues-dr-peter-breggin-e58
They Murdered with Midazolam!
There are no longer resources to warehouse the elderly until they die from bedsores. Midazolam is a compassionate way to send off our elders and better than leaving them behind in the woods when they can no longer keep up. I’m expecting to see more palliative care and the normalization of assisted suicide. I’m okay with that.
“more palliative care” Yes! Here in New York state there are many billboards for hospice care which is just they send heavy pain killers to your house and your family injects them until you die. As reported by a close friend whose wife died at home under “hospice care”.
The one humorous part is that all the pictured people on the billboards are people of color where as the local population is all white.
Anyone with any chronic disease should be offered the Midaz…or Super Fent…
The morbidly obese should be offered these meds as an appetite suppressor…
Drug addicts… beggars… homeless people… cull the lot.
Let’s not forget the disabled.. nobody really wants to watch them play volleyball…
If they had any brains they’d all have petrol loaded into squirt guns… or buckets… fling it all over the storm trooper then hold up a bic…
https://t.me/downtherabbitholewegofolks/68811
My go to for burn-off of logging slash on my farm is the pressurised fire extinguisher filled with diesel not water; nice range, nice coverage, gets the job done.
Any defensive perimeter should employ.
Yes.. YES! Surely all the farmers in Holland have access to such pumps… yet they just drive round and round … cuz?
Not that we want UEP to fail… that would be catastrophic for all…
I reckon if anyone got serious about opposing this… they’d quickly be met with the full force of the military… there’s be nothing but blood and gut splatters.
Extermination is serious bizness.
You have nailed it. Every one knows they have it locked down. To stand up is to commit sue a side (for WP).
Someone needs to remind the police what happened in France in the late 18th century when the people were pushed too far. Let’s see if the people still have it in them.
You can’t rebel against depletion. The government can handle the response better than you or me.
I support the police beating these protestors to death. They need to just accept that we are going extinct
You can’t rebel against depletion.
Very true! While the general path is set on authoritarian measures, don’t forget, the ideal is a paternal authoritarianism. I am sure there is leeway for regional subsidiarity. Oppression is expensive.
There may be contributions to achieve in respect to the distribution of wealth, regional and cultural differences and corruption.
Austria implemented a vax mandate by law. The streets in Vienna where crowded with peaceful protesters. Even when the government insisted, there were only 20.000, it was unbelievable. The administration district was full of people. In local elections the large parties lost acceptance. Vaxx rates still were high. So they never put this law into action. It is not about oppression but to get their targets through.
The protests could unite the splitted opposition behind the idea, that everybody should be able to decide individually.
Looking to communities like the Amish, who generally comply but do their own thing in secluded spaces, that might be another way to use leeway. Such groups contain of limited numbers don’t do much harm and are costly to destroy.
Here, the Bruderhoff,Christian group, owns big tracts of land, farms and makes wood furniture as a business. They make their own clothes. They live on their community property and are friends with the local police and politicians. They have enough people to mount a 24 hour a day defense.
Eating everyone who ever took a government paycheque is the correct response to depletion.
Babylon must fall
They are medieval-style war scenes with only one part armed and the other not.
Unorganized and unarmed people running up to organized and armed people is STU PID. (for WP). I am sure there are book on asymmetric warfare. Not a topic for here.
The people are being told they need to reduce their power usage while UK PM Rishi Sunak’s new private heated swimming pool uses so much energy that the local electricity network had to be upgraded to meet its power demand.
Construction work on Sunak’s private 12-metre swimming pool has finished just as many council-run baths, including in his local area, are being forced to reduce their opening hours owing to increased energy costs.
https://www.theguardian.com/politics/2023/mar/12/rishi-sunak-has-electricity-grid-upgraded-to-heat-his-private-pool
A fine example of the ruling class and the peasants. Expect many more.
You mean another fine example that the entire GW narrative is bullshit and that you are being played and made a fool of.
An ‘unstoppable’ banking crisis — would provide an excellent excuse for a total lockdown… and Global Holodomor…
Afterall we can’t have chaos on the street during a collapse … we need the troops
Of course the Bossche Mutation would have killed billions before the starvation began … but there was never any guarantee that the desired mutation would emerge…
Plan B?
https://www.fool.com/investing/2023/03/12/5th-time-in-153-year-indicator-warning-wall-street/
F@lse fl@g coming if banking crisis is more serious than we are led to believe.
For Only the 5th Time in 153 Years, This Leading Economic Indicator Is Sending a Terrifying Warning to Wall Street | The Motley Fool
https://www.fool.com/investing/2023/03/12/5th-time-in-153-year-indicator-warning-wall-street/
peripheral countries like NZ will be smmmmmashed first.
When the financial system blows… the power goes off rather quickly – globally
And ROF starts within hours
https://www.nydailynews.com/new-york/riots-raged-new-york-city-blackout-1977-article-1.816190
https://youtu.be/m_orvLc8Ip4
Why not; ‘we’ got the atom first (Rutherford), ‘we’ got the Himalaya’s done first, we see each day ‘first’.
I will be proud to be leading the slide.
Crash early, beat the rush, take a seat on the domain, then watch the elephants fall.
The UK is the one I want to watch; how royal will the royals be once the sh*t h*ts the Fa&ny, and how will the City of London be once the curtain is pulled back.
If we disappear first then perhaps all those w4nkers who bought an escape here will go elsewhere.
I believe, myself, that the hypersonics will probably arrive ‘fastpost’ at an address closer to you tho’.
Too bad the queen couldn’t last a little longer … so she could eat burned rat meat.
yeah UK could outrace NZ and “win”.
tomorrow (Monday) could be fireworks.
are we not desiring to be entertained?
I hope to awaken to mayhem tomorrow!
Plan B – lockdown — starve billions to death… best they can do is try to keep the ROFing to a minimum
I will sleep with my knife — justin case
Tis ‘The Beggars Opera’ in real life!
‘Gay wrote the The Beggar’s Opera to needle complacent high-end consumers. His work inverted, and perverted, the giddy 1720s fashion for Italian opera. …… the action of The Beggar’s Opera deep into London’s underworld. Instead of kings and queens, his dramatis personae are notorious grifters: instead of virtue, they celebrate vice. Most importantly, song exists in The Beggar’s Opera not to climax affectively but to school listeners in social breakdown.’
‘These low characters’ dialogue apes that of the upper ranks whose privilege allows them to evade justice. To this Gay added ad hominem attacks: Macheath and Peachum were alternately stand-ins for First Minister Robert Walpole, whose nickname ‘Great Man’ is also Macheath’s.’
https://www.classical-music.com/features/works/the-beggars-opera-guide/
Where do I purchase tickets?
Financial observers are looking for a cyclical downturn. What we should expect following Gail’s model is a structural downturn, a permanent, probably accellerating recession or decline. To compensate the growing additional effords of energy production from resources that hide deeper and deeper, we would need a steep increase of productivity. I doubt that industry 4.0 or population reduction could do that. If we were to invest heavily into alternative energy, what is the declared objective of Germany and the EU, we would need to generate a surplus to invest into these. This would also mean an energetic investment, isolating houses with fossile foams, for example, before energy savings could be realized.
We might not have the right tools to measure these aspects. Analysts stare at the traditional tools that were never meant to describe the predicament.
It’s what happens when the price of everything blasts off… everyone wants .. but they can’t afford.
It’s an inevitability when you run short on oil…
But most people don’t get it – kinda how norm doesn’t get the moon thing 911 or the Rat Juice… well… he does get the Rat Juice – loads of it!
Yes price up availability down. Less of everything. How else do you get the die off? Oh yes nuclear war. One or the other. BAU tonight party big.
The abstract as replacement for the concrete (energy and raw materials) – not only John Michael Greer elaborated on that, I am seeing it in real life often, as in:
If we just create more digital numbers on the screen, energy and resources will automatically follow/manifest into existence.
These numbers those observers, economists use – the are a model that TEMPORARILY described cause and effect of the interaction of an industrialized economy with its resource base (hidden behind the numbers) ca 1971-2001.
I would know – I was at an EU conference on “circular economy” i.e. recycling in 2018.
A great Danish geologist woman explained: wanting to recycle rare earths (as bankers and politicians before proclaimed) is like putting milk into coffee and trying to recover the milk thereafter.
(her talk contained much more than that – on how the model of a “circular economy” is unrealistic and other things..)
Lo and behold, bankers and politicans after her speech continued – as if nothing happened – to explain how they will create financial/political instruments to make what was proven impossible happen.
This real life example was pertinent enough. And I think the genuine thought these corporate figures had in their head allt he time was the usual: their house, their car, their holiday, the insatiable demands of their wives and children.
This, I think, is at base the driver of a modern economy and its consitutents, and also the downfall in the end.
This, I think, is at base the driver of a modern economy and its consitutents, and also the downfall in the end.
It’s the driver of an economy that has long ago used up its cheap high quality energy resources and is now scraping the bottom of the barrel.
My hat is off to the wise lady from Denmark. Circular economy is BS.
“the conference board top 10 leading economic indicator index and
19:03 this is a 100 hit rate on anticipating recessions when it goes negative and as you can see here right on the right side
19:10 of the chart uh circled in red you know we’re down at levels that so far in this
19:16 data series which goes back to the at least the early 70s not the 60s
19:21 um is coincident with recessions “?
Chinese city to impose lockdowns for the seasonal flu? What? So then EVERY year as flu comes around? Is this the madness COVID spawned?
https://palexander.substack.com/p/chinese-city-to-impose-lockdowns
The MOREONS will be confused… but wanting to do what they are told
Norm;
‘my point was that it was supposed to be just a form of ‘flu’’
Replenish more recently;
‘March 24, 2020 CDC changes disease reporting procedures to ramp up deaths by and with Covid. On March 26, 2020 Fauci is quoted in a NEJM article saying Sars-CoV2 is more akin to the pandemic flu of 1957 and 1968 rather than a killer like MERS or SARS1.’
Fauci was the Biden Admin Convid Tzar. All hail Fraudci.
Norm knows more than Fraudci?
Or norm is stuck in the mud? A fellow fraud.
It was and is just the flu. The flu does what it always has done; it wipes the slate clean.
Maybe you should answer for yourself why the wrong protocols were followed instead of just being a stuffed ‘shurt’.
You know, send people home until real sick, ventilate, midzy, etc etc
You prevaricate and retaliate but never elucidate.
Then think about excess death in the 15-64 age bracket. Then how low Injection countries have no long covid to speak of. Then think about how fraud is the business model of Phizzer et.el. Then the changed definition of a vaccine. Then, well, then try to think about what Naomi Wolf meant when she talks about broad spectrum propaganda.
You know, send people home until real sick, ventilate, midzy, etc etc.
I ask again … who is the stooopidest person on OFW?
Who dares to answer… try a cryptic message… can’t name names.. or Censorship will get you.
Maybe spell it backwards or something .. or how about using numbers for each letter … like 14 or something…
The most stupid person on our finite world is the Minister of Foreign Affairs that demanded a 360° turn of Putins strategy in Ukraine.
I cannot get over it.
What about those who believed the Ghost of Kiev was real?
Circling back to letter 14.. starts with
Shut down the export economy in winter when coal demand for heating and domestic power is high. Makes sense.
I find it really fascinating that whether it is online or in person, I have people who held fast to their belief like there is no tomorrow. There are some on OFW as well. I have no idea how this can happen. Why saw that certain website like MoA, ZH, etc are left/right/propaganda and totally dismiss any content from there? Would it not be better to read and try to understand both sides and then you decide on your own if it is really good or bad? Why just chuck the whole article away and say that it is good/bad? I mean if you were to do this, then you are no better than those who believe vaccines are safe and effective.
Are humans suppose to act that way or are they just NPCs? No critical thinking?
In Germany, they teached the ‘elevator effect’: do as you are told and you will have success!
In need of security, the indivividual falls back to early learned survival strategies. In most of the cases that is comply; do as your parents say. Comply, though, is not what can lead to success or security in these times. People seem to be more aware of the predicament than we might think.
To overcome early learned strategies necessitates to reflect them ‘in love’ and develop the adventurous aspects in the inner self.
Something like: “Mommy always got crazy when I wanted to develop my adventurous parts, as it was fearful for her. Now I am adult, don’t depend on mommy to provide me security, and I want to make good on the development of my adventurous parts as they are integral of myself and perhaps needed tomorrow.”
It is a longer process, but we still have time.
Talking about group dynamics before, these characters may be loyal people, but only when the group can already prove some success. Before, they might demand improvement without contributing to it, while improvement may not be so likely for the first time, and thus spoil motivation.
Independent characters, though, might be sorely tempted to sell the group for own advantage.
Whom would you ask to join a dangerous expedition?
hmmmmmmmmmm there may be reasons beyond good/bad, left/right, which critical thinking discerns and lead to not using particular websites. Aversion to advertising, for example, which if stripped out then vanishes all content, a desire to avoid tracking and worse, flashing content, profiling, specific cookies, whatever. Many many reasons. Sure, some people just don’t care whatsoever, others do.
The older we become the more precious our time feels. If we all go together in a flash, this sense will be a complete illusion. In my case, consciousness of mortality guides my various arbitary behaviours towards beauty, understanding, fulfilment, contentment and above all truth. These are ultimates, beyond this life, perhaps. Plato would say they are beyond this body.
Having a discriminating brain enables one not to have “equal time” for garbage and nonsense imperatively consuming one’s time.
Missing the horseface yet? She’s elevated to a new realm, the Woke Comicbook of Myths and Legends
resources.arcamax.com/newspics/242/24200/2420079.jpg
Just received an unsolicited email….
Fast Eddy’s remote hideaway in the Bali jungle… has transitioned into a Koombaya Palace… offering hope and salvation to those with the $$$ to pay… aka a cult…
How ironic given it was built for the end of the world.
https://www.elevationbarn.com/#top
https://drive.google.com/file/d/1QASn8gJcMP5IdVHtZyEgB7JNdBbeBCdn/view
“You can ignore reality but you cannot ignore the consequences of ignoring reality.”
Over the last 15-20 years, rules have been changed or ignored so that we continue with BAU (mark to market vs mark to fantasy). People thought collapse would come because they did not take into consideration that rules were changed or ignored.
SVB will be bailed out and many other banks may failed and be bailed out. What are the consequences? What rules are going to bend or ignored? How long can it go on?
I have no clue but it gets harder and harder to move forward.
SVB depositors are being made 100% whole.
SVB investors are losing big.
a surprisingly fairly good conclusion.
mainly for the short term, which means tomorrow = Monday.
“they” have thought up their best plan for preventing any bank runs in the USA.
that is short term goal # 1.
which says nothing about possible bank runs in the rest of the world.
SVB UK is a branch of SVB operating in… yeah the UK.
good luck, blokes, it’s very near Monday morning.
April 1st has come early…
Watch this twerp and know shite is going to happen!
‘Banks are more resilient than they’ve been in a generation……..the quality of their loans … etc etc’…its not anything big….at the moment.’
And there it is.
https://www.9news.com.au/videos/world/silicon-valley-bank-woes/clf4ouhka00110jo76pf8hsay
Yes, its a CNN puff piece, via other minions.
What a clusterf..
“A Murder Story From The UK by Chris Martenson.”
https://peakprosperity.com/a-murder-story-from-the-uk/
Excerpt: Were elderly residents in care homes given drug cocktails that caused their lives to be shortened, and their demises hastened? It sure looks that way.
norm?
Another excellent video but in this case Chris is pulling together info most of us here will have seen/heard already.
Interestingly Chris says that what caused the big spike in deaths in the UK (in the elderly??) in April 2021, was lack of / withdrawal of antibiotics. This is what Denis Rancourt says caused an equivalent big spike in deaths in the USA – withdrawal of antibiotics from patients with pneumonia.
I presume at the time we were told these were CV19 deaths.
Replace antibiotics with Midazolam — sheer genius!
What is amazing is that thousands of doctors and nurses went along with this.
Let us not forget — humans are highly intelligent stooopid MORE-ONS
This one’s for Yoshua
https://twitter.com/BigSlurp69/status/1635091248930488320
“That’s what they’ve led you to believe – that we’d go back to the Stone Age if we don’t rescue the rich and their insolvent businesses.
In reality, we’d have a deep recession as all bubbles pop, but we’d emerge stronger and with less extreme wealth inequality.”
Dr. Peter McCullough: “Babies Are Ingesting mRNA in Milk”
“If it’s in breast milk, it’s everywhere in the body. Vaccines were supposed to stay on the arm and cause immunity and be broken down … and get out of the body. Never should they be circulatory or in breast milk. Never.”
Dr. Peter McCullough (http://t.me/c19expertchannel) is an internist, epidemiologist, cardiologist, and our Chief Scientific Officer at The Wellness Company (http://t.me/thewellnesscompany).
Learn how we can help optimize your health and provide immune and healing support from spike proteins.
https://tinyurl.com/Spike-Support
hahaha
Flies…
Healthy 38 year old father of two was reading to their children on the couch when his heart stopped.
“He is not the person people often think about when they think about heart problems.“
Doctors are baffled 👀
https://t.me/TommyRobinsonNews/45784
Imagine… The Horror … of that hahaha
https://c.tenor.com/V8Dk0NCo2JkAAAAC/tenor.gif
He shouldn’t have gotten vaxxed and boosted.
What was he reading? Could it have been the book? It is widely known that some books so stupid that they can cause brain fog and arrhythmia, but heart attack? Huuum… It would be super interesting to have a world authority on brain fog like Dr. Norman investigate this hypothesis.
Perhaps it was a school text book – he opened it to the page where the Tranny flashes his package and that was so shocking that he keeled over and died of a heart attack
Just arrived in my inbox:
GCA, in conjunction with Engage Safety, has organised a first aid / defibrillator training evening for our community.
hahaha… are you f789ing kidding me?????
The government had to stop a bank run. The banks are all sitting on unrealised losses. A bank run on smaller banks would have quickly wiped out their capital…leaving a lot of business who didn’t make it out the exit door without access to their deposits. The economy would have stopped dead.
This isn’t just an American problem…the whole global market was spooked by something last week…the fear of inflation and raising rates.
https://mobile.twitter.com/Nouriel/status/1634925544889540612
Yes, but as demonstrated here, banks can take deposits, buy garbage assets with those deposits, and then go under and customers are made whole at taxpayer and US-dollar-holder (via devaluation) expense. This means customers have no incentive to go with banks that engage in solid lending practices. Instead, they can go to whoever gives the highest interest, regardless of banking practices.
This is the endgame of moral hazard; socialization of all risk.
The Fed has stepped in to provide loans to the now-defunct SVB, valuing SVB assets at par (as if they’re not the garbage they are). So the loss is being taken by the Fed, as they are extending credit to an insolvent entity. In reality, this just means printing more money and everyone’s savings take a hit.
Everyone’s savings take a hit or parts of the country burns down in riots?
Maybe they over panicked and reacted…or maybe they saw something bad coming?
Every nation is trying to hold on and hope that someone’s else’s nation burns down first?
Are you particularly tied somehow to the outcome beyond just being a US citizen? (Live in Cali, work in finance or for a VC firm, etc?) You sound like someone who equates personal benefit with morality.
You argue that financiers can hold the country hostage instead of taking a loss. This kind of crony capitalism is a big part of the reason behind US decline. TBTF etc.
This kind of crony capitalism is a big part of the reason behind US decline. TBTF etc.
It isn’t. The US declined for energy depletion reasons. Not enough coking coal or affordable good oil left.
https://wolfstreet.com/2023/03/12/silicon-valley-banks-uninsured-depositors-bailed-out-crypto-signature-bank-shut-down-all-depositors-bailed-out-senior-execs-fired-all-shareholders-some-bondholders-bailed-in/
Silicon Valley Bank’s Uninsured Depositors Bailed Out. Crypto Signature Bank Shut Down, All Depositors Bailed Out. Senior Execs Fired. All Shareholders, Some Bondholders Bailed In
duct tape.
This sounds like a knowledgeable article.
“Good to see that there’s no bailout of investors in failed banks. As far as bailouts is concerned – as revolting as bailouts are – it’s good to see that at least it’s not a bailout of investors in failed banks. They’re given some tough love instead, with stockholders and “certain debtholders,” such as preferred stockholders, likely experiencing a total loss, and that executives got booted out.”
The article says:
The special assessment only works if there is a tiny share of banks failing. Once very many banks start failing, it pushes the others into failure as well.
Depends if it is a liquidity issue, rate of withdrawal or a solvency issue.
Can do this trick with a cc. always pay it off, 30 day float, get 1-5% cash back on purchases which is essentially 12-60% per year. Did I way 60%, time to spend more money!.
Dennis L.
How can the banks pay the Fed its money back? Rising customer fees? Lending more money? Reduce profits?
I would think the losses are in any way borne by the taxpayer!
The UK and Switzerland probably manage the largest part of the world’s money … is that an incentive not to burn them first? The USA may now just about have caught up. See the 2018 book ‘The Finance Curse’.
The UK seems to have the longest track record of handling corrupt money, yet with plausible deniability. A worldwide web of tax havens, all of which have King Charles III as their head of state. Funny, isn’t it.
In 2022, KC3 was carrying around suitcases and Fortnum and Masons carrier bags of money. Nothing to see here, of course:
https://www.theguardian.com/uk-news/2022/jun/25/prince-charles-is-said-to-have-been-given-3m-in-qatari-cash
ivan,
From what I understand there are damn few assets that actually pay more than 2-3% not adjusted for inflation, per TM.
If the underlying asset depreciates more than 2-3% per year then a solvency issue if liquidate prior to debt being liquidated. leverage then bites in the butt.
If one can match assets tied to government printing of money with a fixed rate of debt, that probably works. Damn few of those opportunities exist.
Dennis L.
Could that be a “marketing campaign” for digital central bank money”, like “behind these services stays the collected economic power of the US”? Could a CBDC help mitigate the predicament? I haven’t thought that through.
I think we need the Bossche Mutation … they might find themselves pushing on a string with this …
I do love surprises… perhaps there is something that UEP missed?
https://flat.io/help/assets/img/editor/crescendo.gif
There you go again with that nonsense, but if it ever arrives, I’ll cheer it on.
You won’t have a lot of time to cheer when it finally hits…
US gov guarantees 100% of SVB deposits:
https://www.yahoo.com/finance/news/us-government-guarantees-all-silicon-valley-bank-deposits-money-available-monday-223546372.html
“they” put in some weekend OT to figure it out.
“Depositors will have access to all of their money starting Monday, March 13,” the statement added. “No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
AND, “they” DID IT: “they” created a plan to insure ALL depositors:
“The Federal Reserve also said it will offer funding to banks through a new facility to help ensure banks can meet all depositor withdrawals, essentially backstopping all deposits — both those insured and uninsured — across the U.S. financial system.”
no bank runs on Monday, at least in the USA.
now it’s the lull before the next crisis.
It does seem to be like the time would be right for something to bring us out of the eye of the hurricane…
The PR Team appears to be satisfied with the uptake of the Rat Juice… if not they’d be using the epic excess deaths to frighten the fools into shooting more juice…
They are all fully juiced — and those who have any brains at all won’t juice no matter what the PR Team does…
Assume they would have bailed SVB secretly — after all they are bailing out all the zombie corporations… and nobody knows about that…
So why is this being allowed to happen…..
Who feels excited??? I wanna peak behind the curtain to see what’s next… hopefully it’s horri-f789ing-fying….
Priceless:
Mr Mangajojo
@Mrmangajojo
·
Mar 11
Replying to @shoshanahjacobs
Thank you for promoting Covid safe measures. I am immunosuppressed and I have to live a restricted life because of selfish people who are too delicate to wear a mask. Just block the trolls because they are clearly lost because they are in the wrong part of Twitter.
Hunter’s Art Work
@HuntersArtWork
·
Mar 11
Replying to
@Mrmangajojo
They don’t work, sorry
https://pbs.twimg.com/media/Fq6RoEVWAAEWl6W?format=jpg&name=small
Notice the silence…
https://twitter.com/shoshanahjacobs/status/1634319145381625858
SVB saved by further dollar devaluation (assets valued at par) with taxpayer backstop:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
Laurie Thompson 🇺🇸🇨🇦
@laurieTEXAN_CND
·
Mar 11
Replying to @shoshanahjacobs
Cult.
Dr Sho Jacobs
@shoshanahjacobs
·
Mar 11
Replying to
@laurieTEXAN_CND
Science
Sue-Ann Levy
@SueAnnLevy
·
Mar 12
Replying to @shoshanahjacobs
I’m going to ask you very politely: How long you suffered from this kind of narcissistic hypochondria? I just performed at a concert yesterday and every single senior in the audience was not masked. Perhaps you need to see someone about your issues.
Show replies
Red 🇺🇸
@redinthecloset
·
Mar 11
Replying to @shoshanahjacobs
Is this a joke?
molonlabe28
@molonlabe281
·
5h
Replying to
@redinthecloset
Apparently, and regrettably, not. We’re still several weeks away from April 1. Is this a man or a woman? I can’t tell.
The comments are fantastic hahaha https://twitter.com/shoshanahjacobs/status/1634319145381625858
Full f789ing Re T ARD here
https://twitter.com/shoshanahjacobs/status/1634222862839021569?utm_source=substack&utm_medium=email
Hi folks. I can’t keep up with the comments anymore. Most of them are hateful with antisemitic or transphobic or ableist comments. I’ve tried to hide and block most of them but it’s running its course now. I’m still going to monitor DMs for those looking for evidence-based info.
Yes, the pandemic is still a thing. Yes, we still know very little about how COVID19 will affect our longterm health (but so far, there is not much good news) and yes, please, if you can, take actions to minimize transmission.
Nice try… but more than likely this would be used to support EUP…
https://markcrispinmiller.substack.com/p/with-big-banks-going-under-cbdcs/
Fast Eddy, I just watched both sessions of Utopia (UK). It had lots of yellow and Blue. It had an unsatisfiying unending, just like the real life version.
How about you and I write a new screen play about the elites recovering from an epic failure in round one come up with an even bolder plan?
No need…we are living Season 3.
US proposed division of Ukraine with 60 to Russia and 40% to Ukraine. Wow.
https://warnews247-gr.translate.goog/apokalypsi-amerikanon-to-nato-tha-paradosei-ston-zelenski-schedio-oristikou-diamelismou-tis-oukranias-pou-tha-einai-ta-nea-synora-tis-choras/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
Beautiful falling stars across the entire night sky. Wait … those are incendiary bombs.
https://twitter.com/avia_pro/status/1634985776521048065
Are they trying to start a fire storm? Like the Americans burned Dresden.
It’s a Disney CGI production
We should find out tomorrow (or soon) if it really happens.
‘Rapper Costa Titch dies on stage’
https://www.9news.com.au/videos/world/south-african-rapper-costa-titch-dies-after-video-surfaces-of-him-collapsing-on-stage/clf5t6ky3000w0jo17wwnlmis
‘British Airways pilot dies few minutes before take off.
Luckily we were not flying’
https://www.msn.com/it-it/notizie/other/pilota-muore-di-infarto-poco-prima-di-salire-a-bordo-di-un-volo-carico-di-vacanzieri-passeggeri-ore-in-attesa/ar-AA18wrAc
Long Covid strikes again.
Give me a break it was Climate Change
Damn … that rapper dying is too good to be true!!!
It’s fantastic hahaha
https://www.abc.net.au/news/2023-03-13/rapper-costa-titch-dies-at-ultra-festival-south-africa/102086952
THE FEDERAL RESERVE IS CONSIDERING EASING THE TERMS OF BANKS’ ACCESS TO ITS DISCOUNT WINDOW, THAT WILL LET BANKS TURN ASSETS THAT BANKS HAVE LOST VALUE INTO CASH WITHOUT LOSSES PER BLOOMBERG
The Fed will just buy the whole zombie economy
Caps eddy
I was worried about your slow start this morning, thought you might have had duvet fatigue or something (I’m told its very common down under)
dont go making undue demands on yourself by overcapping
I think Eddy and Yoshua are two different commentators, Norman.
norm’s brain is super saturated with Rat Juice… he doesn’t even know the day of the week and struggles to tie his shoe laces.
sorry—my mistake
i do sometimes make them–and freely admit it when i do
rejoice
Shuffle down to the clinic and get another booster norm. But stay away from Midazolam… cuz you know why
norm when the nurse offers him a shot of Midaz when he’s caught a bad does of the Vid:
https://image.freepik.com/free-photo/scared-expression-old-man_102671-5341.jpg
Here’s the announcement:
federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm
Depositors will have access to all of their money starting Monday …
Signature Bank, New York, closed today .. All depositors of this institution will be made whole …
Shareholders and certain unsecured debtholders will not be protected … Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
That was the first. Resolved, they hope. Special assessment on banks I guess is the Japan model where they make the banks’ lending margin so high they can rebuild their losses.
I wonder how long and for how many they can do this?
They are evolving their responses to the Global Insolvency situation ….
What we need is for the physics to work against them… we MUST have a significant decline in energy production starving this f789ing beast of blood and oxygen….
Otherwise they just gimmick their way out of collapse.
I was thinking we’d hit that tipping point as gas prices soared… but that’s just another head fake
What the FDIC doing with SVB is more or less a “bail in” rather than a “bail out”.
This is a link to Adam Taggart talking a Fed Insider Joseph Wang. It was probably recorded before the Federal Reserve announcement. I haven’t gotten through it all.
https://www.youtube.com/watch?v=LOTFAXaFrvc
Wang points out that QT means that there are fewer deposits to go around. This is causing one part of the problem. I suppose that might be related to the need to go to the discount window. Higher interest rates causing unrealized capital losses are another.
Who is the stooopidest person on OFW?
We all know so no need to reply. Doing so will attract the censors.
Well, I certainly am in the runninmg, and I’ve done so many stupid things, the only thing good I can say is that my daughter is learning a lot. Don’t screw up like your dad did. Experience is the best teacher, but it is the most costly.
Mistakes are not the same as stooopid…
Stooopid is when someone guarantees the lottery winning number — and gives it to you along with the money to buy a ticket… and you dismiss that person as a fool/conspiracy theorist…
Then that ticket number comes up — he makes the offer again — and still ….
How mentally challenged does one have to be to not think giving a respiratory inhibiting drug to people gasping for air due to a respiratory disease was all about murder …
Then CNNBBCHUFF ran front page headlines about epic covid deaths… frightening the herd of MOREONS … who then injected untested Rat Juice — on the premise that it would prevent them from getting covid… then they got covid…
hahahahaha…. I cannot fathom the stooopidity involved here…
But then I cannot fathom why circus animals ring a bell and celebrate pillage… and barnyard animals envy them.
Why would Fast Eddy want a f789ing statue in a park … hahahaha… what could be more ridiculous… why would Fast Eddy want or expect recognition for Greatness … from farm and circus animals?
Fast Eddy doesn’t even mention Greatness… HE is what HE is… it is only me that gives him accolades … HE does not care… HE knows that by definition … HE is GREATNESS…
Look it up
Here is a test to determine if you are a f789ing i diot or not:
1. Did you inject the Rat Juice?
2. After watching this – do you still believe man has landed on the moon?
Oh, oh, oh….. me semble raisonnable…
The Moon May Get Its Own Time Zone
As different countries plan lunar missions, the European Space Agency says that creating a time zone up there may simplify things.
A full moon shines through a cloudy sky.
The proposal to create a lunar time zone comes as things are starting to get busy on and around the moon.Credit…Getty Images
By Claire Fahy
March 7, 2023
https://www.nytimes.com/2023/03/07/science/moon-time-zone.html
Since the dawn of the space age, the answer has been: It depends. For decades, lunar missions have operated on the time of the country that launched them. But with several lunar explorations heading for the launchpad, the European Space Agency has deemed the current system unsustainable.
The solution, the agency said last week, is a lunar time zone.
“ESA is not taking the lead on this discussion, we’re just putting a finger on a problem we need to tackle,” said Brice Dellandrea, an engineer with the ESA. “But this is the kind of topic that needs international coordination and consensus.”
The main objective of establishing a universal timekeeping system for the moon, the ESA said, is to streamline contact among the various countries and entities, public and private, that are coordinating trips to and around the moon.
The discussion about how to do that is happening as things are starting to get busy on and above the lunar surface.
The M1 lunar lander built by the Japanese company Ispace is set to arrive on the moon in April, when it will try to deploy a rover built by the United Arab Emirates; a robot built by Japan’s space agency, JAXA; and other payloads.
A six-legged cylindrical robot called the Nova-C lander, built by the Houston-based company Intuitive Machines, is expected to launch on SpaceX’s Falcon 9 and land on the South Pole of the moon in June. Additional uncrewed missions will land by the end of the year, according to Jack Burns, director of the Network for Exploration and Space Science at the University of Colorado, Boulder.
Those missions, among other possible lunar landings, are happening as NASA prepares to send four astronauts into orbit around the moon next year. That mission will pave the way for the first crewed moon landing since Apollo 17 in December 1972, currently planned for 2025.
The European Space Agency, meanwhile, is contributing to NASA’s effort to build the Gateway lunar station, which will serve as a way station for future crews on their way to the lunar surface. Last year, China completed construction of its own space station and previously hinted that Chinese astronauts would be on the moon by 2030. South Korea launched its own lunar spacecraft, Danuri, on a SpaceX Falcon rocket from Florida in August. It joined India’s Chandrayaan-2 mission, as well as spacecraft from NASA and China, in its orbit of the moon.
With increased exploration comes the potential for miscommunication.
“These missions will not only be on or around the Moon at the same time, but they will often be interacting as well — potentially relaying communications for one another, performing joint observations or carrying out rendezvous operations,” the ESA said in a statement. For all those interactions to happen smoothly, the missions will need to operate on a standardized time, the agency said.
Seems Nuttie Eddie best stop while he’s a head….
If we don’t have enough cheap fossil fuel to do the trading we would like on earth, I predict these moon shots will disappear pretty quickly. Why not do something a little more practical, like keeping our GPS system operating? Or adding more electrical transmission?
You get an F.
If you hadn’t finished that on a slur, I would have given you a C+ for an honest and well-meaning attempt at debunking American Moon, albeit with a string of non sequiturs.
But adding the personal slur at the end merely highlights your entire post as a sad attempt at gaslighting.
Gaslighting is the last resort of failed debunkers. I’m open-minded on this subject, but I’ve yet to see a successful debunking of the moon hoax con-spriracy theory. Calling somebody nutty hardly adds up to a cruel and witty put-down, let alone an argument winning knockout punch, does it?
Tim, come on now…are you so serious, I’m not at all…love Nuttie Eddie …I accept all your “grades” …too bad I’m need not be concerned at all about judgements here…
Thank you Nuttie for the F for 😍 Fantastic..
To the Moon, bro.
BTW what about Gerbel Warming?
Goebbel’s Warming
Should have passed eating the cabbage and pork and beans…
Something else that’s nice t happenings…just because you say so….
Evidence that the mob is profoundly stooopid and deserves what’s coming their way:
https://i1.wp.com/order-order.com/wp-content/uploads/2015/01/gore.jpg
vs
https://cdn.mos.cms.futurecdn.net/MJFa6uYKvjtzZ7FmLQauke-768-80.png
Tim, what’s your general impression of this response to American Moon?
https://www.reddit.com/r/SensibleSite/comments/eqfeqs/debunking_american_moon/
https://www.reddit.com/r/SensibleSite/comments/i1rkbp/debunking_american_moon_part_2/
It seems rational, and thankfully, lacks the irrational venom that most debunkers spew.
DB, I thought this debunking was performed very well, although it is far above my level of technical competence to be able to discern whether or not the debunking was accurate or sincere. I also appreciate how the debunker OP refrains from calling anybody names.
He also put a lot of effort into this, and his explanations show that he has a good grasp of the physics and other technical aspects involved.
American Moon’s effort to debunk the moon landings didn’t convince me either way, and neither does this debunking of American Moon convince me either way.
I wonder if OP ever completed this “work in progress”. There remain lots of questions he said he planned to answer, and these two parts were posted three years ago. Off the top of my head, the tape showing an astronaut partially masking a window to get a shot of the nearby earth looking like it was far away, the piece of moon rock that turned out to be petrified wood, and that old schoolboy question, “Why did none of the astronauts choke on a fart during any of those missions?” are all in need of a good debunk.
In the end, though, showing that they could have gone to the moon, that the engine could have been quiet, that the lunar dust could form foot prints, that electrostatic charges on the space suits could have moved flags at a distance in a vacuum, etc., isn’t the same as proving that these things actually happened.
So far I’ve seen nothing that would convince me either way. If anything, some of the footage allegedly taken on the lunar surface looks like it was taken on earth and slowed down to about half speed. Play back many of those scenes at 1.75 and it becomes obvious to all but the most committed Apollo fans the astronauts are supported by harnesses from above.
But even if that footage was shot in a studio, that wouldn’t prove the moon landings didn’t happen. It just doesn’t increase my confidence that they did.
By the way, a confession. When I was still in short trousers, I bought an Airfix model Saturn V rocket and assembled and painted it myself. It was my pride and joy, along with my Stingray, my Fireball XL5, and my Thunderbirds 1 to 5.
Play back many of those scenes at 1.75 and it becomes obvious to all but the most committed Apollo fans the astronauts are supported by harnesses from above.
No it doesn’t. Only cranks think that.
Have a look at this clip from American Moon – don’t do a norm on us .. explain how this can happen without wires
https://youtu.be/KpuKu3F0BvY?t=7251
Withnail
trying to debunk the moonloons will get you nowhere
in fact, doing so will make you a conspironut, defying their personal take on the truth
The fact that there were 6 appollo missions (not just one), employing tens of thousands of people means nothing–it only strengthens the conspiromania,
The ‘truth’ was, that 2 days after each mission, a film crew went into a shed, set up the moon kits, shot the relavant action sequences and then broadcast them to the world—or maybe did the 6 landings at the same time to save money on props.
So we had 20 odd astronauts who ‘faked’ their trips–+++all the technicians involved
$$$$ billions spent in doing the above, over several years
and so far, no one has offered any proof of this nuttery
only that the hoaxmongers didnt gain traction till they got hold of ‘social media’ a few years ago.
Now wasn’t that a strange coincidence?—30 years after the fact—the fact becomes fake.
Magicians make people disappear thousands of times… does that make it real?
How do you get back and front lighting when there is only one source of light?
That’s what the professional photographers asked when they examined the photos from the ‘moon landings’
Ask the magician.
And if it was so easy to do 6 landings… why don’t we do them anymore?
Oh right nothing else of interest on the moon right — odd that we like to dive to the deepest parts of the ocean … again and again .. cuz?
https://duckduckgo.com/?q=how+many+dives+to+mariana+trench&ia=web
Here’s what is influencing norm today https://www.huffpost.com/
Have a look at this clip from American Moon – don’t do a norm on us .. explain how this can happen without wires
Gravity.
Notice how the astronaut pops back up when he stumbles… as if there is a wire attached to him and someone is pulling on the other end.
Or did you mean reverse gravity? The Earth’s gravity pulled him back up?
I am fascinated at how you can show most people irrefutable evidence that demonstrates that their belief is wrong … yet they will continue to believe the nonsense.
Is it a genetic defect?
Keep in mind for many years I assumed they’d not lie about the moon thing… but then I decided to see if there was any fire with the smoke… and I found a few things … culminating in American Moon and rather than rejecting the obvious… I thought how silly I was to have believed that con…
The thing with the fake moon landings is if you can come to terms with that it gives your super powers… you become extremely cynical and you challenge everything.
Basically you become the opposite of norm — who wants to be norm…
Gravity
Only moreons think that.
See how easy it is to debunk anything and anyone, anytime, anyplace, anywhere.
My favourite is when they respond with… BS.
Profound logic on display with that
Gravity
Only moreons think that.
Gravity exists and there is a lot less of it on the moon. Hopefully that’s not open to dispute.
Hmmm… how does a helicopter fly in near zero atmosphere on Mars?
Oh right – CGI!!! Silly me.
Duh.. I feel so dummmb for asking that question
in fact, doing so will make you a conspironut, defying their personal take on the truth
Apparently I’m not willing to listen.
Let’s watch Buzz unhinge when he’s shown irrefutable evidence that he faked the moon landing:
https://youtu.be/mhTqrSX5N4M?t=122
Hmmm… how does a helicopter fly in near zero atmosphere on Mars?
It’s very small, very light, and the blades rotate much faster than earth based drones. Sigh.
Duh… how didn’t I know that!
Let’s examine this more closely…
The atmosphere of Mars is the layer of gases surrounding Mars. It is primarily composed of carbon dioxide (95%), molecular nitrogen (2.8%), and argon (2%).[3] It also contains trace levels of water vapor, oxygen, carbon monoxide, hydrogen, and noble gases.[3][5][2] The atmosphere of Mars is much thinner than Earth’s.
Damn only 1%!!! Those f789ing blades would really need to spin fast to lift off in that atmosphere! Imagine how quickly that would drain the battery!
I guess they had heaters on the helicopter? Gosh – that would sure drain a battery quickly…. I understand that an EV’s range collapses when driven in the cold… battery capacity is reduced + most people prefer to run the heater to defog the windows and stay warm… imagine trying to run an EV in Antarctica!
The atmosphere of Mars is colder than Earth’s. Owing to the larger distance from the Sun, Mars receives less solar energy and has a lower effective temperature, which is about 210 K (−63 °C; −82 °F).[2] The average surface emission temperature of Mars is just 215 K (−58 °C; −73 °F), which is comparable to inland Antarctica.
https://en.wikipedia.org/wiki/Atmosphere_of_Mars
Hey you know what … we ain’t never landed jack shit on Mars… let alone a chopper
Listen to a NASA engineer state that radiation from the Van Allen Belts harms the electronic systems on space craft and that they are tying to devise a way to protect the systems from the intense radiation
https://youtu.be/4O5dPsu66Kw?t=190
And Fast Eddy wins… again. HE doesn’t want yet another gold medal… so you can have it
http://dose.ca/wp-content/uploads/2014/10/mars_meme.png
Notice how the astronaut pops back up when he stumbles… as if there is a wire attached to him and someone is pulling on the other end.
How clever you are for spotting it. You are much brighter than the people who pulled off this incredible hoax. You foiled them with your genius.
Thanks!
It should be easy for everyone to spot given the current hoax — Covid/Rat Juice — is far bigger — and more sinister.
It’s also helpful to be aware of Operation Northwoods… the WMD hoax… as well as the fact that the same people were involved in the controlled demolition of two building in NYC.
These are the same folks who are trying to convince the mob that The Aliens have landed…
The US Dept of Hoaxes.
And if it was so easy to do 6 landings… why don’t we do them anymore?
It wasnt easy. It was also extremely expensive. The US was in no shape to do more of them after the 1973 oil shock.
this is why space exploration etc is over, we can’t afford it.
space brings no return on energy invested
none
thats why its over
Oh? So why do we maintain bases at the north and south poles? Sends subs to the bottom of the oceans?
Why do we supposedly send probes to Mars and other planets – where’s the return on those missions?
Where was the return on the shuttle programme – which was only stopped because they were exploding… funny that … superior tech – low Earth orbit… and they blew to bits hahaha….
Why does Uber exist? Uber lost $6.7B in 2020, $496M in 2021, and $9.7B so far in 2022.
Fast Eddy wastes his morning casting pearls among swine… to kill time hoping for the financial system to implode
It wasn’t easy? They did multiple landings in single years…
https://historylists.org/events/list-of-6-manned-moon-landings.html
Oil shock? The US got their hands on oceans of Saudi Oil in the 70’s…
And what about Bush making this promise – what happened https://edition.cnn.com/2004/TECH/space/01/14/bush.space/
How many space shuttle flights were there in the meantime?
Surely with all the tech progress by now it should be child’s play to fly to the moon.
So why did the NASA Engineer state that they are working on solving the problem of flying through the Van Allen Belts?
Here – listen to him say that.
Discuss
https://youtu.be/4O5dPsu66Kw?t=183
Please explain
https://youtu.be/4O5dPsu66Kw?t=183
A Tesla owner’s video went viral after he couldn’t get his Model S to charge at a Supercharger station in the cold.
Domenick Nati, a radio host in Virginia, was trying to charge his Tesla Model S last Friday ahead of his holiday travel, but he was having some issues.
It was reportedly 19°F – or -7°C – at the time.
https://electrek.co/2022/12/26/tesla-owner-viral-car-would-not-charge-in-cold/
Study Shows Electric Cars Become Practically Useless In Cold Weather
https://anewspost.com/electric-cars-useless-in-cold-weather/
Did I mention the average temp on Mars is -80F? That’s -62C….
It’s ok to be wrong … it’s fun to acknowledge that you been played… you are up against the PR Team… they are experts in fooling the mob.
Do you not feel blessed that you have Fast Eddy to show the way?
I personally thank the gods that FE is here to help me understand these things… HE is my friend.. my mentor…
Please explain
https://youtu.be/4O5dPsu66Kw?t=183
(Van Allen Belt)
The astronauts were going very fast so they were not in the Van Allen belt for long.
You should ring NASA https://www.nasa.gov/about/contact/index.html and tell them that they are wasting their time … all they need to do is go fast through the radiation
NASA Engineer ‘We must solve these problems before we can send humans through this region of space’
https://youtu.be/4O5dPsu66Kw?t=193
Hmmm… but we did it already — WTF huh?
You should ring NASA https://www.nasa.gov/about/contact/index.html and tell them that they are wasting their time … all they need to do is go fast through the radiation
No need. Since astronauts landed on the moon I know the Van Allen belts were not a problem.
I like how you apply zero logic to the issue.
And the vaccines are Safe and Effective!
Clown world.
Why does Uber exist? Uber lost $6.7B in 2020, $496M in 2021, and $9.7B so far in 2022.
Uber probably will not exist for much longer then. Does it matter?
It does matter — norm said there is no return on a moon mission — there is no return on Uber investments … yet Uber happens.
$$$ is irrelevant. https://www.usdebtclock.org/
Duh
Oh? So why do we maintain bases at the north and south poles? Sends subs to the bottom of the oceans?
Orders of magnitude cheaper than going to the moon.
i dont think there is a base at the north pole is there? maybe there is.
Oh come now … it’s only $$$… the Fed has pumped out tens of trillions since Covid kicked off… what’s a few billion? Even 10 billion hahaha…
Space Shuttle program – Wikipedia
The Space Shuttle program was the fourth human spaceflight program carried out by the U.S. National Aeronautics and Space Administration (NASA), … Using the NASA figure for average cost to launch a Space Shuttle as of 2011 at about $450 million per mission, …
It does matter — norm said there is no return on a moon mission — there is no return on Uber investments … yet Uber happens.
Yawn. In the hope of cornering a known huge market and making a fortune.
The Space Shuttle program was the fourth human spaceflight program carried out by the U.S. National Aeronautics and Space Administration (NASA)
happened because
1)Alaskan oil opened up in the early 80s
2) Reagan was fighting the Cold War and needed something impressive
3) Reagan ran up massive deficits anyway on defence
4) The space shuttle launched miltary satellites
if the 70s depression had not lifted it wouldnt have happened.
Hmmm…. you’d think it would have provided the impetus for a return to the moon!
Nah… just low orbit…
Oh and BTW when the economy is weak … governments generally like to piss away money – they call it stimulus…
A moon shot = lots and lots of stimulus … jobs … tech dev etc…
I like how you apply zero logic to the issue.
My logic is you need to prove they didnt land on the moon. if you cant do that, then the moon landings are a fact.
Hahaha… you are now officially a member of a tiny sect on OFW we refer to as The Club of norm.
Hmmm…. you’d think it would have provided the impetus for a return to the moon!
why? they did all kinds of other space missions instead.
You mean like the CGI Mars missions?
Thank you, Tim, for your thoughtful and reasoned response. I’m not too far from your view.
I’m quite sure those rockets blasted into orbit. Whatever happened after that is pure speculation.
https://youtu.be/ViNcBQ8cDA0
Just listen to that MF with the volume cranked to 12 – 1.
😳
Wernher surely got his rocketry toys from the ‘simaculurum’ and we get to enjoy the spectacle.
🤣👍👍
Conan interview: buzz tells him it was an animation.
https://youtu.be/1Y30VAkHtdw
So 30 years later nasa is getting ahead of the omissions (lies)
It doesn’t mean man didn’t land on the moon but what more lies are there?
I guess extraordinary evidence is warranted.
It isn’t even a decent Grade B movie hahaha
https://postalmuseum.si.edu/sites/default/files/exhibitions/w.2009-107.jpg
Watch the live recording from CBS…
https://www.openculture.com/2018/07/watch-original-tv-coverage-historic-apollo-11-moon-landing-recorded-july-20-1969.html
It makes sense what Aldrin was saying.
hahaha … that is hilarious!!!
Beyond fake
People are so f789ing stoopid
hahaha
https://youtu.be/sJv5_y2l5as?t=367
guffaws of laughter – I need blow
https://youtu.be/WQDjy2csPP0?t=38
It surely doesn’t disprove anything. Yeah, some animations was added to the spectacle. That’s TV for you.
Still, the US MIC built some magnificent and rip roaring rockets. The moon landing seem more of a publicity stunt.
Fake or real?
🤷♂️
A picture = a thousand words… or in this case … it causes guffaws of laughter….
There is nothing to discuss.
https://archive.org/download/AS11-40-5922/AS11-40-5922.jpg
I watched Mazzucco’s wonderful documentary a few times over the many years since it’s release… of course we didn’t go to the moon but what about the ‘deep meme’ of Progress..? That can’t be transgressed. When it comes to Progress, we are all believers.
Exactly!
The moon thing ties in with g w arming .. EVs … solar panels and all that rubbish..
gW takes the heat off of making oil the enemy and avoiding the ‘it’ running out’ issue… and those others are ‘solutions’
Going to the moon particularly ties in with Mars colonies… we went to the moon so once we finish paving over Earth we’ll find another planet like this and destroy it too..
Star Trek – Jetsons most Sci Fi — exist in support of this utter nonsense.
funny
i did painting by numbers
i never learned swearing by numbers
We could try it with a psychological explaination:
The predicament creates fear, the natural reaction is the wish to gain security. How do we get security? The experience since childhood for the most people probably: comply.
Eddy is an exception!
The only problem: Compliance in this case will not help. Revolution neither.
Fast Eddy is on the planet to observe the humans extinct themselves…
https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fac309ad3-81cf-4247-8167-09bb99851c3f_735x411.jpeg
Amazing
Only its not
Will he integrate his particular skill set into his resume?
“specialization in economy transformation through insolvency as per customer spec”
Finance is just like fast food; full of junk, preservatives and empty of any value except to the franchisee.
Looks like the ‘revolting door’ applies to phi-nance just like phar-ma judging by his CV.
Go short wherever he gets hired next
Joseph Gentile, says miles mathis.
Bank Stocks Plunge/Bank Run: People Lining Up To Remove Their Money, First Republic Bank, Wells Fargo, And More: SVB Execs Sold Their Stock Recently, On Twitter, Left-Bots Seek To Blame Peter Thiel
https://celiafarber.substack.com/p/bank-stocks-plungebank-run-people
The Fed has everything under control… they are just weeding the garden.
BTW – back in 2019 around 15% of major global firms were zombie (being loaned money to allow them to service debt)…. so what’s happening to these firm at triple interest rates? central banks surely must be pumping epic amounts of cash into them to fend of a cataclysm of corporate collapses… we are likely seeing only tip of the berg at most in terms of the desperate measures
https://www.forbes.com/sites/mayrarodriguezvalladares/2019/06/30/highly-leveraged-zombie-companies-threaten-the-global-economy/?sh=62c7cf154c39
Herb Stein – ‘what cannot continue – will stop’
But when dammit? When!!!
Gail called it.
“2023: Expect a financial crash followed by major energy-related changes”
There are some strange things about Silvergate and SVB.
On the surface it is simple. Bay area tech got a nice slice of the 13 trillion dollar pie the fed created during covid. ZIRP ++ in full implementation along with the five new ways the fed created to ensure cash flow to banks. Tech parked the money at SVB and SVB bought low yield bonds. Fed actions accelerated dollar destruction (inflation)_fed reversed course and SVBs holdings became worth less and it became insolvent.
My questions
SVBs 21 billion treasury sale was only 1.8 billion dollar short. They publicize that with a big press release? The fed didnt shore that up? FDIC takes on $175 billion liability instead? They create 13 trillion and five new mechanisms to deliver liquidity to banks to supposedly avoid bank contagion then let a potential lehman happen over 1.8 billion? Are they really so stupid to create 13T then try to patch the obvious dollar destruction results with (selective) tightening with equally obvious results?
Those treasuries SVB sold are “prime collateral”. Why didnt SVB just get a leveraged loan on them like everyone else? Citi would have. Wells fargo would have. Why are treasuries sometimes “prime collateral” for the big banks but not for regional banks? The big banks are 40x plus leveraged on their prime collateral but SVB doesnt get 2x?
SVB was EXTREMLY well funded compared to the big banks.
SVB was far more “solvent” than the big banks.
Why is media coverage/spin of this so encompassing? Here are yahoo examples.
‘Big Short’ Michael Burry Warns of Another Major Bank Collapse”
“Wall Street Braces for the Next Silicon Valley Bank”
“I would avoid regional banks”
MSM is well aware of the power they wield. All efforts seem to be on creating bank runs. The “smart guy” will be at the teller window on 9am monday requesting paper FRNs.
It appears to me that we are witnessing a attempt to create runs on banks. The big banks get credit lines to cover the regional do not. The smaller banks get closed and merged into big banks. These smaller regional banks are the banks that actually deliver money into the real economy. SVB was the 18th largest bank but it was the largest real economy bank in the USA albeit with some questionable practices. It was woke plus plus so it appears to me that being a regional bank that delivers money to the real economy is now a sin even if it is woke plus plus.
What we are witnessing is a controlled centralization of how “money” enters the economy and the precursor to CBDC. The “consumer” may well prefer local regional banks and credit unions to big banking but they very well may not exist in the near future.
The people have been duped into the “interest” ponzi. A bank provides security for “money” in the real world. It is a service and they should be payed for it. Only the “interest” ponzi makes it otherwise. Real “interest” is a positive thing. A financial institution making loans to the community while evaluating and minimizing risk. That requires market discovery of interest rates and that does not exist. The banks also have a tenancy toward predatory loans and that speaks to regulation. Greed.
What can not work is arbitrary changing of interest rates based on whatever supposed emergency mode the fed is in. This is fiat “by decree” at its finest. Crony capitalism realized on the largest and most arbitrary scale. Arbitrarily determining leverage with a “too big to fail” ie my frat buddy they can render “solvency” and “insolvency” at will.
If only it was simple greed and frat buddys.
Loans for basic necessities should be at a low regulated and fixed rate. Somewhat like freddy and fanny. Other loan rates should be regulated also. The rates should be enough to cover the financial systems risk no more. All financial systems should be non profit salaries modest.
The interest ponzi scheme has been part of the productivity destruction producers lured into the lucrative ponzi it becoming their business. (GM).
What is occurring is the exact opposite. Control is being centralized with absolute power over the who whats and whys of how money enters a bank account and is spent. This is the ending of local regional banks that live in and part of a community making loans on the basis of profit and community need. That way of money entering a local economy is being ended. fiat. “by decree”. This is modern fiat not just someones head stamped on a zinc coin.
They are plugging the leak to the real economy.
It doesnt matter if you “support” a local bank with “your” “money”. Just like tax income doesnt matter (except to determine spending/consumption) They create money at will. They make or break with leverage.
Ill leave it in the regional bank. My whole $325. Im f***** any way.
It hasnt been your money for a long long time. Maybe never.
Dance! Dance like a clown b****! Best make it good. With feeling.
Dont like it? Dont you support democracy?
You bring up interesting points. It used to be that regional banks were the way that money entered small and medium sized businesses. Now it may be that that route is being cut off.
The technology sector of the economy is “way up there” in terms of complexity. If there is any sector of the economy that cannot be supported, the technology sector is on that would seem to be on the edge. Maybe this is the way that some of the complexity is being squeezed out.
It’s why I keep some gold and cash stashed away…
Something is up … if there is a banking crisis it’s cuz they want one
so, how are the SVB/SB resolutions not a plain ordinary common old looting exercise? As the burden of bank failures grows the number of institutions supporting the failures shrinks … bit like the pension timebomb
AIG credit default swaps, remember? All the crooks got paid out 100% regardless of FRAUD which was swept under the carpet lalalala I don’t pretend to be able to identify institutions that may be more or less fraudulent, but the collateral value of this startup bubble and crypto “economy” being so blithely ignored leaves me wondering. It’ll be fascinating to see what return they achieve selling of the assets but I suppose the obvious proceedure is to spin the end of the unwinding out as long as possible. No one will remember.
If the failures persist though it’ll become a real run, first out best dressed.
What weighs on my mind however are these two exceptions to SOP – not let the unguaranteed depositors suffer losses
So who exactly are the “certain unsecured debtholders will not be protected”??
more pick and choose … I suppose
There was life in the countryside in the past: the people brought their compost from the cows to their little fields, worked on them, eating and talking during the work pauses at the side. They lived according to the rhythm of the changing seasons. There were no big expectations, no haste. The God was above and you could feel his presence around you, as you lived connected with your surroundings.
Now, the countryside is empty, there is little people on the village streets, as they spent the time in their encapsulated homes in front of the screens, from the very small ones to those who are large like a wall. When you walk around the former fields, now turned into grassland or overgrown with bushes, you see beer cans, plastic bottles and other trash at the side of the road. There is no God, just zombies with wide eyes looking for the latest thrill, disconnected from one another and from their surroundings and connected via as some electric waves with some pixel generators.
The only thing that remains to do is to switch them off.
Thanks.
The world is wonderful! To watch the sun rise, the stars, the flowers. Smell the wind and the Earth. Run with the chamois, they always win and look as of they would laugh.
Man survives in eternal ice following the reindeer and caribou. Man survived in deserts and on rocky mountains. The Vikings went from Norway to Canada, know what that means? Friends climb up the highest mountains and say it was the most impressing experience they have ever had.
But don’t do that and be stupid. Before going on an unknown journey, prepare a little bit. It is difficult enough.
Ive been thinking about exactly this for the last few years… especially the last three. This is a nice summation on the state of affairs for every small town, country village, or hamlet.
Laws, hurriedly passed to manage large populations in cities are somehow expected to be applied to rural populations. And they are, at great expense to services, which are all essentially volunteer.
I’ve been working on ideas to help turn this tide. I hope to have some success with it. Perhaps something will come of it.
The belief in technology, which is created by the people, made the people believe that they are in control of everything.
In fact, they became the prisoners of technofantasies.
Exactly the point Theodore Kaczynski was trying to make. That guy was on point. Its very interesting reading about his thoughts now that much of what he was worried about has manifested.
Shame he couldnt have found a more compelling way of communicating. Whats concerning is, he is the only one who was able to make it in any meaningful manner.
Generally the only effective way to communicate with MOREONS (circus and barnyard animals) is to blow them up
The problem is there are so many of them
Not to worry. Increased cosmic radiation in concert with a weakening magnetic field has allowed the agitation of earths mantle magma. We are seeing a steady increase in seismic and volcanic activity that will culminate in a major cataclysm soon when the sun goes black and erupts its dust shell throughout the solar system.
The biosphere with suffer immensely and humans will enter a potential extinction level event.
Technology of the sophisticated source probably will not help much. It didn’t the last time.
High ground, shallow caves, the ability to eat things that would make a Wolverine puke and an acknowledgement that this world is temporary for us…..
These are things worth pursuing.
You mean like Sodom and Gomorrah? But this time in a grand symphony with the toxic and radiation spills…
If you’re not prophesying, would you mind providing a link?
There are so many,…..
Start with suspiciousobservers on you tube.
Enjoy
Thanks.
Interesting comment!
European prophecy agrees strangely enough on the idea (Stephan Berndt had worked about that), that a short WW3 (that will not lead to a larger nuclear war) will be ended by a cosmic event, the so called “three days of darkness” and when they are over the earth crust will have shifted, Russian taiga will become arable land. 2/3 of the population might be killed during the three days of darkness, a number that corresponds for some areas with the omious Daegel’s forecast.
While prophecists may copy successful ideas from another or may have the same true insights, there is also the possibility, that they were used to transport a message.
It might be that someone rich has access to information we don’t have, historically that has been the case. A group with access to such knowledge can obviously not publish it openly without generating huge uproar.
I have looked up Asteroid databases recently, and as much as I could see there is no large impact to await for the next hundred years. They may not be able to monitor all, lie or I am too stoopid.
There are ideas that during the longtime circles of the planetary system gravitational forces may change and that iti s enough for the Earth crust to rotate. The Zeitgeist films had talked about that, too.
That is highly speculative but still might be worth to keep in mind.
Ya but keep in mind … farming enabled this situation
A solid gold swastika disc is the oldest-known reference to Odin of Valhalla, the Norse god of war and death, say archaeologists
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Bethany Dawson
Sun, March 12, 2023 at 7:19 AM EDT
Danish scientists have found the oldest-known reference to the Norse god Odin.
It is the first piece of evidence that Odin was worshipped as early as the 5th century.
One of the experts who made the discovery said “I can’t bring my arms down in pure ecstasy.”
Danish scientists have found the oldest-known reference to the Norse god of war, Odin, on an ancient gold disc.
The research team from the National Museum in Copenhagen announced that a gold disc discovered in 2020 is unequivocal evidence that shows Odin — one of the supreme gods of the Nordic pagan religions — was worshiped as early as 401.
Odin was also the god of war and death who ruled over Valhalla, a majestic hall dedicated to those killed in battle, according to Nordic religion.
National Museum’s runologist and script researcher Lisbeth Imer, who discovered the disc along with linguist Krister Vasshus, said: “It is the first time in world history that Odin’s name is mentioned, and it takes Norse mythology all the way back to the beginning of the 4th century.”
Vasshus described It as a “huge discovery” and a moment of “pure ecstasy.”
“This type of inscription is extremely rare, we find one maybe every 50 years, and this time it has turned out to be world history,” said Vasshus.
The disc was part of a trove discovered by an amateur metal detectorist in 2020. It included 2.2 pounds of gold medallions the size of saucers and Roman coins made into jewelry. It was unearthed in the village of Vindelev, central Jutland, and dubbed the Vindelev Hoard. Historians believe it was buried more than 1,500 years ago.
Read the original article on Business Insider