The Fed Cannot Fix Today’s Energy Inflation Problem

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There is a reason for raising interest rates to try to fight inflation. This approach tends to squeeze out the most marginal players in the economy. Such businesses and governments tend to collapse, as interest rates rise, leaving less “demand” for oil and other energy products. The institutions that are squeezed out range from small businesses to financial institutions to governmental organizations. The lower demand tends to reduce inflationary pressure.

The amount of goods and services that the world’s economy can produce is largely determined by fossil fuel supplies, plus our ability to use “complexity” in many forms to produce the items that the world’s growing population requires. Adding debt helps add complexity of various types, such as more international trade, more advanced education, and more specialized tools. For a while, the combination of growing energy supplies and growing complexity have helped pull economies along.

Unfortunately, the world’s oil supply is no longer growing. Without an adequate oil supply, it becomes difficult to maintain complexity because complex solutions, such as international trade, require adequate oil supplies. Inasmuch as we seem to be reaching energy and complexity limits, nothing the regulators try to do to change the debt and money supplies–even reeling them back in–can fix the underlying oil (and total energy) problem.

I expect that the rich parts of the world, including the US, Europe, and Japan, are in line to be adversely affected by high interest rates this time. With their high levels of complexity, they are among the most vulnerable to disruption when there is not enough oil to go around.

Figure 1. World oil consumption divided into consuming areas, based on data of BP’s 2022 Statistical Review of World Energy. Europe excludes Estonia, Latvia, Lithuania, and Ukraine.

The problem I see is that rich countries expect to maintain service economies that are fed by huge streams of manufactured goods and raw materials from poorer countries. This pattern appears unsustainable to me, in a world with falling exports because of energy problems.

I expect a significant change in the trading of goods and services, starting as soon as the next few months. Major financial changes may be ahead, fairly soon, as well. In this post, I will try to explain these and related ideas.

[1] Growing debt is a temporary substitute for growing energy supply of the right kinds.

Economists seem to believe that the economy grows because of an invisible hand. I believe that the economy grows because of a growing supply of energy products of the right kinds, together with a growing supply of other raw materials, and a growing supply of human labor. The economy grows in keeping with the laws of physics.

Debt does help provide an extra pull, however, because it enables growing “complexity.” Even in the days of hunters and gathers, it was helpful for people to work together and share the benefit of their labor. A type of short-term debt results from the delayed benefit of working together, even if the delay is only a few hours.

In modern times, debt can help build a factory. The factory can provide more/better output than individual people working by themselves using available resources. There needs to be a way of paying for the delayed benefit of the human labor involved in the whole chain of events that leads to the finished output. Growing debt can help pay workers, long before the benefit of the factory becomes available.

Debt can also make high-priced goods more affordable. A car, or a home, or a college education is more affordable if it can be paid for in installments, as income becomes available to pay for it.

[2] Diminishing returns on added complexity is one issue that puts an end to the ability to grow debt.

As an example, we are slowly discovering that it doesn’t make sense to provide everyone with a university education. Yes, advanced education is of benefit to a percentage of the population, but, in general, there are not enough jobs that pay sufficiently well for it to make economic sense to provide advanced education for everyone who would like to attend college. If debt is provided to finance everyone who applies for advanced education, there are likely to be many loans that can’t be repaid.

As another example, long supply lines can provide cost savings for a manufacturer, but if there is a disruption in any necessary raw material, the whole manufacturing operation may need to be temporarily suspended. The high cost of such a suspension may encourage shorter supply lines or the provision of more stored inventory.

[3] US total debt as a percentage of GDP already seems to be hitting a limit, quite possibly related to diminishing returns on added complexity.

Figure 2. Ratio of US total debt for all sectors to GDP in a chart by the Federal Reserve of St. Louis. Amounts are on a quarterly basis, through 2022.

Figure 2 shows that the US ratio of debt to GDP started increasing shortly after 1980. This was about the time that Ronald Reagan became President in the United States, and Margaret Thatcher became Prime Minister in the UK. There was a need to get energy costs down, and growing debt was one of the tools used to accomplish this. With added debt, new types of hopefully less expensive electricity generation could be added, using debt. Electricity producers were encouraged to compete with each other. The new approach led to less concern about providing adequate upkeep for transmission lines. California is one state where this approach is starting to catch up with the electricity system. Costs are rising, and reliability is falling.

Figure 2 shows that the ratio of US debt to GDP hit a maximum in 2008. An even loftier level was reached in 2020 because of the debt added at the time of Covid-related shutdowns. Now, however, the system doesn’t seem to be able to maintain the high debt level. The quarterly analysis used in Figure 2 highlights how quickly the added debt rolled off.

Analyzing US debt to GDP ratios by sector provides some insight regarding the reason for the fall in the ratio of debt to GDP since 2008 in Figure 2. (The amounts used in Figure 3 are on an annual basis, rather than a quarterly basis, so the shape of the graph is a little different from that in Figure 2.)

Figure 3. Annual data showing US ratios of debt to GDP by sector. Amounts for debt from Households (which includes not-for-profits, such as churches), Business Non-Financial, and Federal Government are from the Federal Reserve of St. Louis database. Financial+ is calculated by subtraction. Financial+ will also include other small categories, such as the debt of state and local governments.

Figure 3 shows that the category I call Financial+ Debt has played an amazingly large role in the growth of total debt. One of the issues bringing about the 2008-2009 Great Recession was defaults related to Collateralized Debt Obligations (CDOs) and Collateralized Debt Swaps (CDSs), involving debt that had been cut into layers and resold. Various tranches of this debt would then default, as the economy slowed. It became clear that this approach to adding debt is very risky. The elimination of some of this type of debt is likely one of the reasons for the drop-off in Financial+ debt after 2008.

It also becomes clear that there are interactions among the different types of debt. Back in 1947, Federal Debt related to World War II had begun dropping off. To provide civilian jobs for all the people who had served in the war effort, it was helpful to add other debt. More recently, the big run-up in debt of the Federal Government seems to have taken place partly to try to offset the huge loss of debt in the Financial+ category.

Figure 4 shows the gross debt of the Federal Government, relative to GDP, on an annual basis.

Figure 4. Gross Federal Debt as a Percentage of GDP, on an annual basis, in a chart prepared by the Federal Reserve of St. Louis. Amounts are through 2022.

The gross debt of the Federal Government is now at a higher level than it was when the Federal Government borrowed money to fight World War II! Part of the rise may very well be the need to keep total indebtedness high, to prop up the economic system in general, and energy prices in particular.

[4] In previous posts, I have shown that oil prices seem to be very sensitive to manipulations of the Federal Reserve.

In Figure 5, below, I also make the point that the popping of a debt bubble can cause oil prices to fall precipitously. With the high level of debt that the world economy has today, major defaults are a worry. Because of this concern, central banks today seem willing to bend over backwards to prop up failing banks. If a substantial number of banks are propped up, this will add to inflationary pressure.

Figure 5. Figure I prepared in early 2021, based on EIA monthly Brent Crude Oil spot oil prices, together with notes added at that time.

Another point that Figure 5 makes is the importance of high oil prices for producers, and the importance of low oil prices for customers. A big part of today’s conflict with respect to oil supply has to do with the affordability of the oil supply, and the fact that such affordable prices for consumers tend to be too low for producers. For example, the European union has attempted to pay Russia for oil at $60 per barrel, partly to hurt Russia, but also to try to bring costs down to a more affordable level. Oil producers tend to cut back supply, as OPEC has recently agreed to do, when prices fall too low.

[5] One thing that people forget in trying to find substitutes for oil is that any substitute must be inexpensive if it is to be affordable. They also forget that they need to consider the cost of required changes to the entire system in any cost estimate.

We often see cost estimates for wind energy and solar energy that consider only the cost of the generation of intermittent electricity. Unfortunately, an economy cannot operate on intermittent electricity. At this point, there isn’t even a single island that can operate its electricity system solely on renewables (including hydroelectric energy, in addition to wind and solar).

In theory, a very high-cost electricity system could be put together using some combination of long-distance transmission lines, batteries, and overbuilding, to try to have enough electricity available for periods of long periods of low electricity generation. But even this would not fix the problem that arises because the world’s agricultural system is mostly powered by oil, not electricity. We cannot get along without food.

If electricity were to be used for the agricultural system, at a minimum, we would need to figure out how to transition all the machines used in fields to use electricity, rather than oil. We would also need to figure out what to do about products that are manufactured using the chemical products that we get from oil, such as herbicides and pesticides. Natural gas or coal is often used to produce ammonia fertilizer. If all fossil fuels are eliminated, a new approach to ammonia production would be needed, as well.

[6] Natural gas cannot be counted on as an inexpensive fuel for a transition to renewables.

Some people hope that a ramp up in natural gas production can be used to help substitute for oil, and thus aid in any transition. A problem that many people are not aware of is the fact that shipping natural gas over long distances as liquified natural gas (LNG) is very expensive. A calculation I saw a few years ago indicated that when LNG was shipped from the US to Europe, adding shipping costs roughly tripled the cost of the natural gas.

Part of the high-cost problem is the need for a huge amount of infrastructure. Natural gas sold as LNG must be compressed, transported at very low temperatures in specially made ships, and then brought back to a gaseous state at the other end. Pipelines are needed at both ends. There is also a need for inter-seasonal natural gas storage because natural gas is often used for heating in winter.

With this huge amount of infrastructure, there is a need for debt to finance all the pieces. When interest rates increase, the result is particularly expensive for those planning to produce LNG for overseas shipment. Such high overhead costs are likely to discourage the building of new LNG export facilities unless long-term contracts at high prices can be obtained in advance.

[7] A huge amount of today’s debt relates to plans to transition to renewables. If these plans cannot work, many debt defaults are certain.

Almost certainly, massive amounts of debt obligations are destined for default if the transition to renewable energy is not successful. The very existence of such liabilities can be expected to lead to widespread problems. Some of this debt will be held by banks; other debt has been issued as bonds or by derivative financial instruments. Pension funds would be badly affected by bond defaults. Derivative financial instruments are likely of many types. Some seem to back exchange traded funds (ETFs).

Young people who have spent thousands of dollars to pursue specialized degrees in fields directly or indirectly related to renewable energy will find that their investment has mostly been wasted. They will not be able to repay their student loans, a large proportion of which is owed to the US Federal Government.

[8] In fact, student loans in general are likely to be a problem for repayment.

The problem with student debt extends beyond students who obtained their training planning to go into the field of renewable energy. In fact, many former students in fields other than renewable energy are already finding that they cannot repay their student loans because there are not enough jobs available that pay sufficiently high compensation. Also, some individuals who took out the loans were not able to finish their courses of study, so they did not gain the skills needed to secure higher-paying jobs. These individuals, in particular, have problems with repayment.

Figure 6. Comparison of the amount of student loans owed to the Federal Government, with the amount of motor vehicle loans, owned and securitized, by financial institutions. Chart by Federal Reserve of St. Louis.

Figure 6 shows that, in total, the amount of student loans debts owed to the Federal Government is about equal to the debt outstanding on motor vehicle loans. Since Covid began, there has been forbearance in debt repayment, but this is likely to end later in 2023. There seems to be a significant chance of defaults starting when this forbearance ends.

It might be noted that there are more student loans outstanding than shown on Figure 6. Besides loans made by the Federal Government, there are also bank loans, amounting to a smaller total.

[9] Falling interest rates since 1980 seem to have played a major role in allowing the US economy to stay on the growth track it has been on.

Up until about 1979, the US economy grew about as quickly as oil consumption, and, in fact, as growth in total energy consumption. Since 1979, the US economy seems to have grown a little more quickly than consumption of oil or of energy of all types combined.

Figure 7. Three-year average growth in real (inflation-adjusted) GDP, based on US BEA data, compared to three-year average growth in oil consumption and total energy consumption, based on US EIA data.

The strange thing that happened around 1979-1981 was a peaking of interest rates on US Treasuries. As I will explain, it was these falling interest rates that indirectly allowed inflation-adjusted GDP to grow faster than oil or total energy consumption.

Figure 8. Ten-year and three-month interest rates on US Treasuries through March 27, 2023, in a chart by the Federal Reserve of St. Louis.

Figure 7 shows that during the period 1952 to 1979, consumption of both oil and total energy were (with short interruptions) growing rapidly. The extra oil and other energy could be used to leverage human labor. Thus, productivity could be expected to grow. In fact, the Fed chose to raise interest rates to slow the economy during this period, based on Figure 8.

Higher interest rates on debt would be expected to make monthly payments for buying a home or car more expensive. They would also tend to hold down prices of assets, such as homes or shares of stock, discouraging speculators from trying to make money by investing in homes or shares of stock.

Most of the time since 1980, interest rates have tended to fall. Falling interest rates can be expected to have the opposite effect: They reduce monthly payments for items bought on credit. Because they make homes and factories more affordable, they tend to raise asset values. Also, the existence of more debt encourages more complexity, such as in cases where a large company purchases a smaller one, using debt. Also, as asset prices rise (for example, a rising home price), leaving more equity, there is the temptation to borrow against the newly available equity to buy something else (for example, home furnishings or a boat). Thus, falling interest rates tend to pull the economy forward.

I believe that the indirect impacts of falling interest rates are behind the huge growth in debt, especially in the Financial+ category, seen in Figure 3. This debt looks likely to hit even worse default problems than happened in the 2008 era, if interest rates remain high, or rise to even higher levels.

Furthermore, without the support of growing debt, GDP growth is likely to fall back to being equal to the growth in energy or oil supply. If a loss of complexity starts occurring, GDP growth could even start to be smaller than growth in energy or oil supply. Of course, if shrinkage of energy consumption occurs, economies can be expected to contract.

[10] Poorer nations will be able to consume much more oil for themselves if they can push down the consumption in areas that use oil heavily, such as the US, Europe, and Japan.

Figure 9. Oil consumption per capita for the areas shown, based on data of BP’s 2022 Statistical Review of World Energy. Europe excludes Estonia, Latvia, Lithuania, and Ukraine.

With their high per capita oil consumption, the combined oil consumption of Europe, Japan, and the United States amounted to almost 38% of total oil consumption in 2021. This can be seen on Figure 1. If this consumption could be brought to zero, the rest of the world could consume about 60% more than they would otherwise.

Of course, the US currently produces most of its own oil, so its oil cannot be obtained unless the US economy collapses to such an extent that it cannot access the oil that it now extracts and refines. As indicated in the introduction to this post, the US is very dependent upon imported goods. Even goods used in the extraction of oil, such as steel pipe used to drill wells, and computers, are imported. Furthermore, whether or not problems with imported goods occur, financial problems seem likely in the near future, either caused by collapsing debt, or by the issuance of excessive new governmental debt to try to offset the problem of collapsing debt. Such financial problems are likely to make imports of required foreign goods difficult. Problems such as these might be one way the US loses access to its own oil.

A loss in a “hot” war could also reduce the ability of the US to access its own oil. Poor countries most likely covet the US’s oil resources. In my opinion, the more oil the US leaves in the ground related to climate concerns, the more vulnerable the US becomes to other countries’ trying to access its resources. For most of the world, adequate food supply has priority over climate concerns.

If total world oil supply is shrinking, as seems likely with OPEC cutting its output, poorer countries around the world are now becoming concerned about finding workarounds for this expected oil supply shortfall. One workaround would be for oil exporting countries to reduce their exports to countries that are not their close allies. Another approach would be for the poorer nations of the world to reduce the quantity of oil now used for international transport by cutting back on exports of all types of goods to richer counties.

Changes to the international financial system may be very near. There are now stories about greater cooperation among countries of the Middle East and China. There are also stories about moving away from the US dollar for trade.

[11] I have written in the past about the world self-organizing economy being built up in layers and being hollow inside. We can imagine the loss of Europe, and perhaps the United States and Japan, as being rather like an avalanche, removing some unsustainable parts of the system.

Our economy is a physics-based self-organizing system that looks as if it could keep growing forever.

Figure 12. Figure by Gail Tverberg demonstrating how the world economy grows.

As the economy grows, new businesses are added. We can envision them as new layers, added on top of existing businesses. The growing consumer (and worker) base helps push this growth along. At the same time, unneeded products and businesses tend to fall away, making the center of the structure hollow. For example, the world economy no longer makes many buggy whips, since horses and buggies are no longer the primary means of transportation.

Built into this system are financial and regulatory structures, operated by banks and governments. When the rate of growth of the energy supply is constrained, the system starts encountering more debt defaults and banking crises. I think that this is where we are today.

In a way, the economy with all its debt is like a Ponzi Scheme. It depends on a growing supply of energy and other resources to continue to be able to pay back its debt with interest. The higher the interest rate, the more difficult it is to keep the whole arrangement operating.

Something will have to “give,” as the growth in oil supply turns to shrinkage. In theory, what is lost could be the operation of the whole world economy, but the system does seem to hold together, to the extent that it can, if adequate energy supply exists for even part of the global economy. That is why I think that the near-term result may be more of an avalanche than a complete collapse.

We don’t know exactly what lies ahead, but the situation does look worrying.

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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4,007 Responses to The Fed Cannot Fix Today’s Energy Inflation Problem

  1. Fast Eddy says:

    https://www.zerohedge.com/markets/former-ncaa-swimmer-riley-gaines-assaulted-trans-activists-after-speech-saving-womens

    1 day ago
    remove
    My hopes are that this gets so absurd that it is completely unbearable to most people.

    It is already unbearable for me for some time.

    That comment sums up the strategy exactly

    • Lidia17 says:

      The Nike “sports bra” endorsement is the nadir. The guy doesn’t even have fake boobs. He is the least-endowed tranny in tranny-dom.

      This is an intentional humiliation of real women whose real boobs flop around when active. This move can in no way be intended to increase Nike’s bottom line in the sports-bra space or overall. People don’t like to think that there are malevolent agendas, but there are malevolent agendas.

      https://www.youtube.com/watch?v=mMLZEKtp1HM
      Just found this now at random (5 min.) when trying to find a clip of this guy in his sports bra.

      Average people are starting to notice that greed is actually secondary to some sort of power messaging.

      • NomadicBeer says:

        If you step back a bit – you have to admire the solutions the deep state finds.
        Given that most military/crisis actors/CIA are white guys, how do you continue to use them after demonizing whites for decades?

        Simple, put on a dress and promote trans-everything!

        And btw, the trans is just a distraction. The question is: for what? Jab deaths, dollar collapse or something else?

        • drb753 says:

          well, for one thing even a quick look shows that middle eastern whites are over-represented among CIA and crisis actors. They are not even from the Middle east, having settled there after many vicissitudes, originally from the steppe. The “something else” is power, control, and depopulation. this is no mystery.

        • Fast Eddy says:

          Mass Demoralization – so that people accept extinction when it is delivered

    • Cheese can cause nightmares says:

      I do wonder if this is just a transient ephemeral trend. We had things going to extremes in the 1970s – remember an over-young Brooke Shields in “Pretty Baby” and all that. Then there was a reaction against it. But humans are neophiles and seek the latest sensation. The generation born in this century strike me as rather puritan in some ways, and they might start pushing back come the 2030s, once a few more embittered eunuchs emerge who complain about how they were rushed into surgical procedures,

      This video is in German from 5 years ago. It was already becoming “fashionable” to include one man among the female models. The video is in German, but the young male model claims “Ich war geschockt!” (I was shocked) when he was asked to model women’s clothes. He went ahead and did it, though.

      Man becomes a female model.

      https://www.youtube.com/watch?v=MQJsWdjHQcI

      =====

      I was always puzzled about those fellows who went to foreign parts in search of “ladyboys”. Because once you get such creatures back home or wherever and get their clothes off for a bit of fun, well, they’re just men after all. A lady boy is then just a construct that disappears.

      • Lidia17 says:

        A week or two ago, I listened to a “true-crime” podcast about the murder of Dorothy Stratten (real last name Hoogstraten, actress and Playboy model from 1979-80). Her career, such as it was, went on to be pretty-swiftly memorialized in the 1983 film “Star 80”, featuring Mariel Hemingway.

        What was interesting (yet obviously entirely unremarked in the podcast) was the shared-but-rare background of the three major depraved characters orbiting around Miss Stratton, one of whom then went on to latch onto her younger sister.

        I’ve resisted a tendency to ‘notice’ until the last few years but (looking back, also, at some personal relationships) a lot can be explained by doing so.

        =====
        Interesting that Polly Platt (writer of “Pretty Baby”) was Bogdanovich’s first wife (up-market pimp Bogdanovich went on to attempt to ‘rescue’ Stratten from the clutches of down-market pimp Snider and acknowledged-super-sleazoid-pimp Hefner, and then to marry Dorothy’s much-younger sister Louise after Dorothy’s murder by the down-market pimp).

        I came across an opinion that “They All Laughed” (the film that B. tailored to Dorothy and that was supposed to launch her serious acting career) was the *best* of Bogdanovich’s movies which—if you read the squalid plot—is hard to believe. (I haven’t seen the movie; has anyone here?)
        https://en.wikipedia.org/wiki/They_All_Laughed

        The wiki “themes” section for this film is also fairly depressing. It concludes that “No traditional villains are seen in the film, with the only unpleasant character momentarily depicted in extremely brief appearances as an understandably frustrated husband whose wife (Stratten) cuckolds him with their next door neighbor.” (The only “unpleasant” character is he who reacts poorly to the by-contrast “pleasant” sexual betrayal and lying.)

        Bogdanovich says Frank Sinatra let him have the rights to several of his songs for a cheap price because Sinatra felt sorry for Bogdanovich after Stratten’s murder.[2]

      • Lidia17 says:

        There was a recent article about a Belgian man who had been married to an Asian “ladyboy” for a number of years without realizing it.

        https://www.dailymail.co.uk/news/article-2238663/Belgian-husband-leaves-wife-19-years-discovering-man-says-knows-good-ironing.html

        Men of OFW, is this possible?

        Ironing aside….

        • Ed says:

          No.

        • Fast Eddy says:

          Asian men tend to be slender like women – and can have small hands and fingers… and they can even slice out the Adam’s apple…

          The voice always gives them away…

          Rewind 20+ years… Fast is with his mate in the Disco in HK… there’s a guy who looks to be in town on business with his mate … and he’s grinding away with what we know to be a lady boy… then he starts making out with it…

          Fast says to his buddy – do you think we should tell him? Ya says Fast’s buddy … before it goes too far and he beats it to death

          So Fast goes over to the guys mate and says hey bro – your friend is getting it on with a man in woman’s clothing … really he says? yep really — hahaha goes the guy…

          Fast says aren’t you gonna tell him? Nope – it will make for endless amusing stories when we get back home.

          Dum Tssss.

  2. Mirror on the wall says:

    There is a new paper on human aggression, which tends to be more proactive (aggression that is premeditated or goal-oriented, often coalitionary) rather than reactive (aggression lacking any goal other than the immediate removal of a threat or stressor, not so coalitionary) than is the case with our cousins the chimps and bonobos, which tend to go face to face in ‘unsightly’ episodes, which humans still sometimes do (eg. when the pubs close on a Saturday night; alcohol obviously affects brain chemistry lol).

    Looking at the more general literature on human aggression, reactive aggression goes with emotional lability (rapid, often exaggerated changes in mood, where strong emotions or feelings occur) while proactive goes with diminished emotionality, but they are considered to be complimentary aggressions and to rely on the same neural chemicals rather than dichotomous. Aggression is, chemically, largely aggression whether it is emotional and reactive or emotionally cold and goal orientated.

    Humans do an awful lot of intra-species killing but it tends to be coalitionary and goal orientated, eg. UKR/ NATO vs. Russia. Ultimately we act as we do, and do not act as we do not, because of how our brains have evolved and are ‘wired’; it is biology in action although we tend to conceptually frame it to ourselves in various ways like ‘virtue’. Reworked aggression, away from reactive to proactive, is part of human groupish self-domestication, the self-selection of pro-social traits, and is accompanied by typical domestication syndrome, including smaller bodies, jaws and brains than ancestors, like dogs from wolves.

    Only bits of the paper are available, which is a shame, but their argument seems to be that hunter-gatherers in the mid-Pleistocene (1.25–0.7 million years ago) practiced coalitionary reverse domination to control (and eliminate) alphas given to reactive aggression in a process, way back then, of self-domestication toward sociality, which has contributed to the development of a tendency for premeditated, emotionally cold, coalitionary, goal orientated aggression. Nevertheless, its evolutionary, biological roots lie the face to face reactive stuff lol.

    https://www.sciencedirect.com/science/article/abs/pii/S1364661323000475

    https://www.cell.com/trends/cognitive-sciences/fulltext/S1364-6613(23)00047-5

    > Evolutionary and neuroendocrine foundations of human aggression

    Highlights

    Humans are simultaneously exceptionally peaceful and exceptionally violent (the peace–violence paradox).
    We discuss a social evolutionary theory of human aggression to resolve this paradox. The human aggression profile combines low propensities for reactive aggression with high propensities for proactive aggression (especially coalitionary proactive aggression).
    Socio-cognitive advances in the mid-Pleistocene are hypothesised to have enabled lower-ranking males to form alliances that effectively controlled coercive alpha males, driving selection against reactive aggression and coercive behaviour and for proactive aggression (especially coalitionary proactive aggression).
    Diverse social signalling molecules are associated with human reactive and proactive aggression, including steroids (testosterone, cortisol), neuropeptides (oxytocin, vasopressin), and monoamines (serotonin, dopamine).

    Abstract

    Humans present a behavioural paradox: they are peaceful in many circumstances, but they are also violent and kill conspecifics at high rates. We describe a social evolutionary theory to resolve this paradox. The theory interprets human aggression as a combination of low propensities for reactive aggression and coercive behaviour and high propensities for some forms of proactive aggression (especially coalitionary proactive aggression). These tendencies are associated with the evolution of groupishness, self-domestication, and social norms. This human aggression profile is expected to demand substantial plasticity in the evolved biological mechanisms responsible for aggression. We discuss the contributions of various social signalling molecules (testosterone, cortisol, oxytocin, vasopressin, serotonin, and dopamine) as the neuroendocrine foundation conferring such plasticity.

    [some of the snippets]

    ….Social signalling molecules underlying reactive aggression and proactive aggression
    A recent systematic review concluded that it can be difficult to discern clear physiological differences between reactive and proactive aggression [47]. A significant degree of shared biology (in terms of genetic factors and social signalling molecules, for instance) between reactive and proactive aggression is consistent with the idea that the two forms of aggression possess a common evolutionary origin (Figure 3). Significant shared biology is also expected because reactive and proactive….

    Expanding the network of social signalling molecules
    The profile of social signalling molecules underlying aggression discussed here is certainly not complete. Numerous other molecules have been implicated in the expression and regulation of mammalian aggression, including oestradiol [2], endogenous opioids [161], and nitric oxide [162]. These molecules also interact with the six molecules discussed here: as just one example, nitric oxide regulates aggression via interaction with the serotonergic system [162]. We must also consider how molecules….

    Concluding remarks
    We have sketched a social evolutionary theory for divergent selective forces on reactive and proactive aggression that resolves the human peace–violence paradox, and have reviewed the associations of six major biomolecules with reactive and proactive aggression. Most social signalling molecules discussed here play roles in both forms of aggression. Therefore, it is difficult to use their presence, concentrations, or activity to distinguish between reactive and proactive aggression. Whilst….

    [from the glossary, all of which is interesting]

    Coalitionary proactive aggression
    proactive aggression carried out by an alliance of cooperating individuals.

    Coalitionary reactive aggression
    reactive aggression carried out by an alliance of cooperating individuals. Occurs rarely, because it requires multiple individuals to experience the stressor simultaneously, and then requires coordinated responses to that stressor.

    Domestication syndrome
    a collection of morphological, physiological, and psychological traits that emerges in animals when they are selected (or select themselves) for low reactive aggression.

    Groupishness
    a uniquely human tendency to perform costly, ingroup-oriented prosocial acts for a second party for which the adaptive benefits depend on the subsequent actions of a third party being impressed by the agent’s prosocial act. Benefits of the agent’s prosocial act are hypothesised to derive primarily from the act’s role in signalling the agent’s value to the third party [eg. the state?]

    Self-domestication
    selection against reactive aggression initiated within the species, without human intervention. Self-domestication precipitates morphological, physiological, and psychological changes characteristic of typical domestication (domestication syndrome).

    • I can’t help but think that it takes energy (and perhaps organization made possible by energy) to allow tameness or domestication or self-domestication. Teeth and jaws can only be made smaller on wolves and on humans if there is no need to use them for purposes that required them to be much larger. Being able to cook food, or having someone else capture food and cook it for you, is a great advantage in allowing smaller teeth and jaws. I imagine that this was outside the issues the authors write about.

      Also, motives are hard for a researcher to figure out. Sometimes, it is clear that there is a resource shortage, and the aggression is in direct response to such a resource shortage. In other cases, it may be to impress females with the courage or strength of the man or men doing the aggression. In one case, they are competing for food, in another they are completing for a mate. It seems like these dynamics would make aggression harder to categorize.

      • Mirror on the wall says:

        That is an excellent point, and it is perhaps part of what bio/ psychologists are getting at when they say that ‘types’ of aggression are complimentary rather than dichotomous.

        Arguably all aggression, even reactive stuff, is goal orientated, at least implicitly, because it evolved in the first place when it was selected for as a beneficial trait that contributed to basic goals like survival, food, shelter – competition for resources – or mates.

        Likely proactive aggression subdues the initial inflammation toward action and defers the aggression and allows it to be planned and organised, including in coalitional ways. Thus it is less emotional, and indeed relies on the reduction of instantly inflammatory emotion.

        Drunk lads may look like wallies brawling in public, but as you suggest, at least implicitly it is likely ordered to status or a mate, even if they are not aware of why they are acting like that. Likely alcohol can encourage extremely atavistic behaviour.

        A proactive response might be to loosen the brakes on the vehicle of a particular competitor for a mate, but the goal and the aggression would be essentially the same, yet deferred and organised.

        Essentially, the lessening of reactive aggression allows for the employment of higher cognitive functions toward the aggression.

        It could, and indeed does, go as far the construction of elaborate theologies or metaphysics, or political propaganda, to ‘justify’ and to organise the aggression, but at base it is basically the same, in its evolutionary roots and neuro-chemical support, as hominids grunting at each other and stabbing each other with bones, just in a more refined and sophisticated way.

        The paper makes the interesting point that the rise of proactive aggression was accompanied by more general trends toward groupishness and sociality, even at its evolutionary outset with coalitional reverse dominance that selected against reactive aggression, which is why humans have a propensity toward coalitional proactive aggression (tribal and stuff).

    • Jan says:

      War is calculated and planned, not the outcome of uncontrolled aggression.

      Agression means to be able to free your child from under a heavy rock. To walk 30kms during snow and wind. To knock down a tree. To slay the pray.

      We are living in extremely crowded communities. We educate our kids to hide aggression. And for sure our societies fostered genetical selection. People surviving ice age necessarily had other capabilities!

  3. Dennis L. says:

    More on electric tractors and they have battery switching, wow.

    https://www.agriculture.com/news/machinery/monarch-introduces-fully-electric-driver-optional-smart-tractor

    I like it, I like photovoltaics, I like local storage, I like no to minimal transmission losses.

    With all that computing power bugs could be a problem, subtle joke?

    Dennis L.

    • jigisup says:

      I am starting bidding for this cucumber at only $100.

      But what do I know?

      I dont see how it works now with these computer GPS mega tractors.

      Maybe they can add more complexity.

      • Lidia17 says:

        “I am starting bidding for this cucumber at only $100.”

        Can’t win; can’t break even; can’t get out of the game.

    • ivanislav says:

      That thing is the Big Wheels of farm equipment. Where are the electric combines?

      This has almost as much horsepower (mulepower) and the engine feeds itself!
      https://en.wikipedia.org/wiki/Combine_harvester#/media/File:Mules_pull_farm_equipment_(3537172980).jpg

      • drb753 says:

        This amazing. I have a plow (a plow!) by the side of my house, which got stuck in mud there 15 days ago. It is still there. The ground is slowly becoming harder and in 3 days we should be able to free it. One of my tractors got stuck in mud in October and it was a day long operation to get it out. And things with batteries are supposed to operate in the field?

        • jigisup says:

          Ive actually been behind a horse pulled plow on many occaison to turn compost. Not for the timid. Yea baby!

          Mostly you are just keeping your weight on the handles so the plough doesnt dig in. The horse power does all the work. You just guide the plow via pushing on the handles, keep your balance and keep up with the horse.Its challenging you sweat but its not that bad. Strength is needed but technique is the key.

        • ivanislav says:

          Sounds frustrating; I like things to go according to plan. At least you didn’t get a second one stuck getting the first one out. Anyway, good luck.

          • drb753 says:

            As a matter of fact the crane that was to take the plow to my base got stuck. It was a day long operation with three tractors to get it out of there. Battery operated tractors are non starters.

        • Dennis L. says:

          How large is the plow? I assume it is some sort of tillage equipment.

          How large the tractor?

          Stuff stuck in mud is a pain, apparently Yankum Ropes work well, if the tractor pulling the stuck tractor out is larger.

    • Bruce Steele says:

      I bought a very small electric tractor , with the help of a generous subsidy.I have had 5.8kW solar for eight years and ~14kW of powerwall batteries for four years. The solar and batteries have paid back their subsidized purchase price and so long as the system works the energy to run my farm, small tractor, A/C , multiple freezers , and two wells is now less than $500 per year.
      The tractor has a bucket to move dirt around and to help in compost production. BUT the minute I load stock to carry them to market I begin to use lots of fossil fuel. Can’t avoid long distances to slaughter because USDA facilities are extremely limited. Can’t sell unless I sell USDA.
      I also pay for barley to feed stock that comes with a substantial carbon footprint. But if I was only feeding my family ( subsistence ) the tools I have would make that job quite easy and the energy required wouldn’t be an issue.
      Could scale up to feeding several families with some volunteer labor but making a profit farming still evades me. So I will limp along economically but still have some comfort I can feed my family , and potentially a couple other families.

      • Lidia17 says:

        +++
        “making a profit still evades me”.

        I don’t talk to a huge number of farmers, but the ones I have met are all in debt. It would seem that the only way farmers can survive is to quit farming for the masses.

        Along with the reduction in horse activity, there are also fewer local CSAs lately (Community Supported Agriculture, where one contracts ahead of time with a farm for a season’s worth of produce).

        One of our local meat suppliers is getting out of the livestock game to pursue “Certification level of RIM training. RIM stands for Regenerating Images in Memory, which is a science-backed, incredibly magical (from the results) client-led process to help people remove limiting blocks and heal from trauma. Our heads are spinning from all that we learned and experienced in Florida, and all that RIM can mean for healing our local and broader communities.”

        Allll-righty then!

        • the business of farming is the conversion of one energy form into another in order to create wages.

          if the energy conversion process is unbalanced—ie the general public can’t keep up with food production costs in real terms, then the business of energy conversion via farming will eventually cease.

          we will then revert to what we used to do—each individual is responsible for his own food sourcing. (the other name for that is hunter-gathering btw)

          This obviously excludes small children and the elderly, but their numbers will be held in check by reduced food surpluses.

        • Fast Eddy says:

          Oh I see he’s looking for a … (wait for it)

          A Rim Job!!!!

          https://www.urbandictionary.com/define.php?term=Rim%20Job

  4. Dennis L. says:

    Farming 24/7, the future is small, not large.

    https://www.agriculture.com/machinery/tractors/first-monarch-tractors-finish-production-in-ohio?did=8799603-20230407&utm_campaign=todays-news_newsletter&utm_source=ag&utm_medium=email&utm_content=040723&lctg=ae2deb48cf78968d3b2abd8d78eb3d470b87f160

    Electric tractors, charge them locally with photovoltaics, no transmission issues.

    I suspect large tractors are to increase farmer productivity, one tractor, one seat, one farmer.

    Big equipment requires large, flat fields which leads to very high land costs, currently $13.7K/acre in my area.

    RTK is open source to a greater or lesser degree, some of it came from Ukraine through a marketing company in the Netherlands; that source has some issues currently.

    I am looking into alternative farming methods, part of the problem is labor, part is energy requirements, smaller electric tractor are a solution as well as time, run 24/7. A small machine will do the work of one twice its size.

    Things will change, we will eat.

    Dennis L.

    • Who will provide replacement parts for your electric tractor? How much power will it really have? Where will you get seed and fertilizer from?

      • Tsubion says:

        Didn’t you know Gail… we’re going to 3D print everything we need using Soylent Green as a feedstock! (sarc)

      • jazzguitarvt says:

        There’s a farm next to mine that uses an electric tractor. The farm manager looked all over for it, it was built in the 1930’s. He saught it out for what it could do, not because it was electric. They are still using it 15 years later. No I am not an advocate.

        • With a power cord?

          • houtskool says:

            Nope. 15 illegal immigrants on bycicles. They get 2%.

            And yeah, the interconnectedness and complexity that will bite us, understood by few, feared by some, and will surprise many.

            Like a gender revelation turning into a divorce.

        • Fast Eddy says:

          The battery lasted 15 years — can I get one for my phone

      • Dennis L. says:

        Gail,

        Diesel tractors are incredibly maintenance intensive. Drive trains are very difficult to access for major maintenance.

        These machines are small, but ten of them could probably outwork one six hundred hp Quada Track.

        Electrics use fewer parts. Anyone who has maintained electric motors compared to IC engines understands this well.

        Not arguing here, looking to make some bets in this direction. I don’t think huge machinery works economically, it is a race of financial depreciation against taxes. I see very wealthy farmers sitting in cabs of very expensive tractors. It is a very low skill job which in cashflow does not pay particularly well.

        Farming is a tough game, large farms are tough on dirt, growth hides a great many problems in any business, the world is changing, I believe you but I look for solutions outside of the box.

        Dennis L.

        • Cromagnon says:

          the only solution is the time honored Mongol/Hun/Comanche one.

          Impale the devotees to John Deere Agriculture and by logical extension all government and urban populations supported by them.

          Pyramids of skulls along major thoroughfares and scraggly clumps grass regrowing in former tilled deserts and in asphalt cracks can mark the return to Eden as this simulacrum tried to teach us all along.

          the herds must flow……..

      • Dennis L. says:

        Gail,

        P,K are a problem, nitrogen is in the air. There is change being discussed and tried in agriculture; the inputs are becoming impossible to afford. Chemicals are used on my farm, I am gone when they are applied and stay gone for a few weeks. Not nice stuff.

        The embedded manufactures and systems have huge capital costs and incentives for that system to keep going.

        Manufacturing small, electric tractors with off the shelf parts would be cheap compared to large diesel tractors. Ten sixty horse tractors working 14/7 may be able to outwork one 600 hp with a tired driver.

        Now, if said tractors are manufactured in space with ultra pure metals from asteroids refined with direct sunlight, consider it recycling of previously exploded stars. Very nice, catchy political platform upon which to run.

        Dennis L.

      • Fast Eddy says:

        Dennis has a form of mental illness…

    • ivanislav says:

      The link says tractor, but the image says golf cart. ¯\_(ツ)_/¯

      • drb753 says:

        Dennis has really gone off the deep end. Unless he is a bot programmed to look like someone who has gone off the deep end. It is a cart.

    • Lidia17 says:

      Dennis, you’ve probably come across folks who de-emphasize annual crops in favor of more perennial-based systems, which wouldn’t need a lot of ongoing tractoring.

      Any opinions in that regard? (Gabe Brown, Mark Shepard, etc.)

  5. Ted Kaczynski says:

    Technology overtaking humanity was only one of the scary possibilities. The rise of the “one percent” super rich and corporations controlling everything, was another. “Human freedom mostly will have vanished, because individuals and small groups will be impotent vis-a-vis large organizations armed with supertechnology and an arsenal of advanced psychological and biological tools for manipulating human beings, besides instruments of surveillance and physical coercion,” he wrote.

    • I expect that the long-term fall in interest rates has helped push the rise of the ownership of assets to the 1%.

      The lack of enough goods and services to go around has also acted in this same direction because the 1% can’t eat much more than anyone else. They also can’t sleep in more than one bed at night. They may use more resources, but not nearly in proportion to their income or assets.

      The existence of interest paid on loans, and rent paid on real estate, has also pushed wealth to the top 1%.

      According to one view (Michael Hudson’s), one reason for Biblical debt jubilees seems to have been to help get rid of part of this disparity. It is a whole lot easier to get rid of debt when it is not the basis of your financial system, than when it is, the way it is today.

      • Dennis L. says:

        Agree, but think AI may be a game changer.

        Have two posts on electric tractors. Interesting development.

        There is a claim batteries can be switched in the field, seems someone on this site has mentioned that idea.

        Dennis L.

        • Tsubion says:

          I’ve been switching out batteries in the field with smaller equipment for years. Works really well. Don’t see why it can’t be done successfully with larger equipment especially with some kind of station that helps with the switch.
          Obviously, for this to really take off batteries would have to become lighter and more energy dense which may or may not happen.

          • jigisup says:

            IMO running relatively low power applications even up to 5 KW on batteries/PV is doable. Moving that green tractor that is the size of a shipping container…

            Where is the energy pay off point for the energy used to create these megaliths? Is it like debt system? Consuming energy now for a payoff in the future that doesnt exist.

            I could be wrong.

            • drb753 says:

              You are both wrong indeed. Those golf carts can not power a combine. They can power a small plow, where you can plow, say, 0.1 hectares per hour. Also for hay they can power a baler for 20kgs bales, but not 240 kgs, and possibly a 60 cm mower. Do your math.

            • Dennis L. says:

              I see large green close up; I think it is a function of labor shortages and labor time coupled with intermittent usage secondary to planting, harvesting, etc.

              Small might be beautiful and much easier on the land.

              Dennis L.

            • Kowalainen says:

              “Where is the energy pay off point for the energy used to create these megaliths?”

              It is likely “they” blew though fissile materials just the same way we burn through fossils today.

              You can create a whole lotta concrete that petrifies into limestone and sandstone with time, and given rich uranium and thorium deposits power the whole shebang. It is also possible to glaze large concrete blocks in furnaces giving a nice lasting finish.

              It’s just the same age old endless repetitions in different editions. Hypers gonna hyper….. etc., fill in the blanks yourself.

              😑

          • Dennis L. says:

            Tsubion,

            Heavy batteries provide mass which gives traction.

            I am not sure why a long extension cord would not work were the field laid out well.

            Batteries have the advantage of mass and storage of sunlight.

            Locally produced hydrogen and fuel cells may well work it has been done on YouTube; pretty well a Rube Goldberg set up. The emissions reduction equipment on a tractor is not trivial and maintenance is very expensive of same.

            Dennis L.

            • Lidia17 says:

              That mass is why you are compacting (destroying?) the soil and are stuck in the mud, however.

    • Cromagnon says:

      Uncle Ted was a demi god. His soul will ascend into much higher realms than this low grade copy of a world.
      This charade will split now into high tech redoubt/enclaves held by the borg and vast regions where the age of the savage is reborn.
      in time the monitoring drones will slow operations and as the sun unleashes its wrath the enclaves will be overrun and all will be as it should.

      • Dennis L. says:

        Cro,

        The Thirty Years war was pretty tough, savage according to hx books.

        Dennis L.

  6. Jan says:

    For those with bad gardening experience:

    – Topinambur might be a solution
    – Sunflowers
    – Potatoes (always plant 3 different sorts together: a red, a yellow and another, our old neighbour says it works like charm)
    – Hemp (not for THC)
    – Nettles

    Plant tobacco and herbs between the rows of vulnerable plants.

    Topinambur and sunflowers grow aggressively. Hemp and nettles can also be used for oils and fibers.

    As it seems they have managed to grow silkworm without any need of mulberry (for fibers and to feed the hens, I myself refuse to eat insects). Googling ‘artificial diet bombyx mori’ brings interesting results! Allegedly also cherry laurel (Prunus laurocerasus) seems to be feedable.

    For electricity Kerria Lacca is needed. Coils need a thin isolator to benefit from electromagnetic effects. Kerria Lacca should be able to be kept worldwide.

    Russian dandelion may provide small amounts of gummi. Unfortunately there seem to be import restriction in Europe.

    • David says:

      Stephen Barstow in Norway (author of the 2014 book ‘Around the World in 80 Vegs’) may have spare seed if needed

      https://www.edimentals.com/blog/?tag=rubber-dandelion

      • Jan says:

        Thanks! Quite funny! Seems as if he provided Fraunhofer and Continental with something else!

        “Stephen Barstow
        September 6, 2021 at 10:14

        I’m sorry, but I don’t have that dandelion now. It turned out that the plant I was growing as kok-saghyz was a closely related species.”

        I am not thinking of tyres or boots but of smaller items like a plug or seal or to enhance traction.

  7. MG says:

    The rise of the Evangelicals and of the consumerist Christianity

    https://youtu.be/_4DdxxX1oaY

    https://youtu.be/Po4iKSFa9FY

    https://youtu.be/40KORqh7gjA

    https://youtu.be/RTy7ZQHaLB0

    We want more! Lord, obey us!

    • MG says:

      The star of Billy Graham supported by the US oil industry.

      In God We Trust.

    • Only the last of the four videos listed is available in the US.

      • MG says:

        Maybe this works:

        Evangelicals for World Domination 1, 2, 3

        https://www.arte.tv/en/search/?q=Evangelicals+for+World+Domination

        • The belt buckle of the Wermacht had “Gott Mit Unz” embossed on it.

          WW2 and our own time are part of the same rise of fascism

          Democracy is the child of plenty—scarcity makes it an orphan and it starves to death.

          That is literally what is happening right across the world

          The USA had plenty of everything—now those times are over. Id iots are promising the return of plenty—and even bigger id iots are believing them—hence MAGA.

          People will surrender everything in return for comfort.

          When everything is surrendered–there will be no comfort—the belt buckle of the Wermacht was a lie—but millions believed it.

          they still do.

          • I would agree that democracy is a child of plenty. It takes a lot of energy to support the whole system. The whole idea of pensions and healthcare are modern innovations as well, requiring a huge amount of energy/

            Every economy needs some organization. It needs some rules for living and some common beliefs. Religions are low-energy costs ways of providing such a structure. The regions that have followed after Abraham have done especially well over the years.

            The use of Kings with an inherited role is another, closely related, low-energy form of government.

            Having castes, or dictating that women should only work in the home, helps solve some problems of “Not enough jobs that pay well to go around.”

            Having rich women marry rich men causes a huge increase in the disparity of wages, on a family basis. This is one reason that family circumstances have become so unequal in the US.

            • the key word there is ‘caste’ Gail

              the caste system evolved of itself, to deter ambition in all but a very few cases..
              If you were born on the farm, you stayed on the farm, so to speak—you also bred more farm workers.

              The Abrahamic faiths regions just got lucky with fossils fuels earlier than most

              religion and fossil fuels are not connected, other than as a reason for fighting over them.
              Australia is well endowed with FF—but didn’t possess the means to exploit them

              inequalities arise because a few happen to be cleverer than the average—so grab available resources for themselves—Rockfeller Ford—and so on.

              They are the equivalent of rulers who just grabbed territory and called themselves kings and emperors—everybody else stayed in their mud huts

          • jigisup says:

            Next time you get your trump juice injection notice it says operation warp speed on it. Orange hair man bad. Orange hair man injection good.

            You cant make this stuff up.

            Your right that MAGA is a pipe dream. Where you are deranged is your insistence that Trump is the best and only example of modern day fascism. The primary characteristic of fascism is war. Woke exceptionalism has brought us to the edge of WW3. If you had even a microgram of integrity you wouldnt be repeating your tired wore out Trump/Hitler analogy.

            THe funny thing is you know that there is a absolutely valid reality based comparison between the not zees and Trump. Medical experimentation. But you dont have enough integrity to express the truth as its woke taboo. Your behavior as always reiterating moronic seven year old stale propaganda devoid of any connection to reality.

            Orange hair man bad. Orange hair man injection good.

            Polly wants a cracker. SQWUACK

            • reading back over my comment, i fail to see a mention of the don

              but of course, someone with your level of perception (your parroting of ‘rat juice’ betrays that)

              perhaps you see what you need to see—irrespective of reality.

              your mentor does that all the time—-then has a rant-fit when no one else can see the true vision of reality.

              do try thinking for yourself jig—then we lesser beings will be spared the embarrasment of pointing out your foolish efforts at doing it—it takes skill and dedication—you need a little more practice

              And what exactly a woke taboo might be, eludes me.—but then i only have my own think-level,…i don’t rely on anyone else.

            • Fast Eddy says:

              norm is like a rat backed into a corner…

              BTW – a 30 yr old very healthy man was proudly telling me that he’d had his 4th Rat Juice injection — I said oh ya – I know someone in the UK who has had 7

              7? Yep 7 I says…

              And he’s still alive!

          • Jan says:

            People like to hear about and vote for the nice stuff – and not extinction!

      • drb753 says:

        Gail, even for you a VPN is a must. Use OpenVPN if you do not want to pay, with manual connections. I have one of my manual connections to Japan, where very little is censored.

  8. postkey says:

    ‘Mike Gill
    @MikeGil21446788
    Apr 6
    Just posted article “ American Made” Chinese fentanyl made in the United States. This was part of my evidence to the DEA. This came from a cartel member. “ Fentanyl is being manufactured and sold state side”. I gave you this in 2016 the FBI covered up. The DEA took their cut.’?
    https://twitter.com/MikeGil21446788/status/1644018659164037131?s=20

    • Tsubion says:

      I’ve been following this story for a while through Brendon O’Connell’s channel on YouTube. It’s an interesting story. Much of what goes on is based on one form of trafficking or another and the money laundering operations that inevitably accompany such activities. Not sure it really changes anything on a global perspective though even if all of this were to be blown wide open.

    • jigisup says:

      It could be. I am still doubtful. If you have the wherewithal to get the precursors into the USA from China you have the wherewithal to get the finished product in.

      Supply chains are fragile. We can barely keep them functioning when we try. If either the USA or China was to exert effort to stop the supply of fent or precursors it would end. A good example is the Taliban ending heroin production. Another example is the history of methqualone. Qualudes. When Germany ended production the drug ended. THey had sold many tons to south america prior where it got tabbed up and brought to the states. There was a international agreement to eradicate the drug and once the industrial precursor base agreed the drug was eradicated. Whether its full synthetic fent or semi synthetic heroin the drugs exist because governments want them to exist.

      Drugs are basically made in China nowadays just like everything else. India to a lessor extent. Any pharmaceutical product is probably made in China. The fent is probably made in China. The injection substances are probably made in China. The production facilities are there. The precursors are there.

      Where the fent is manufactured is a philosophic matter. If either China or the USA wanted the supply chain ended it would end.

  9. postkey says:

    “22:17 when you move 42 billion Within 48 hours
    22:22 that is a reaction that is reaction to something that happened in other words this didn’t
    22:29 happen to another bank in the country now are other Banks a little nervous
    22:34 well two things one what’s their exposure to drug cartels
    22:41 and then maybe they’re reactionary but I can tell you this we have a direct
    22:46 connection the the Silicon Valley Bank has is a is is a part of a group Silicon
    22:55 Valley Bank group look at who the group is
    23:00 Boston Private Bank and Trust okay that is part of the bank
    23:07 they are New Hampshire Corporation their business is foreign
    23:16 investment foreign profit okay their agent
    23:23 is CT Systems Corporation of CT Corporation systems
    23:30 it’s a front that’s their agent this is how Pandora papers work and why
    23:39 932 billion is being hidden in assets through those agents remember
    23:46 trust companies dummy Corporation LLCs you’ll see a
    23:53 picture of CT Corporation it’s it’s inside of a warehouse with a half of an
    23:59 address we’ve we found it now you’re ready this Bank and Trust
    24:07 Boston Bank and Trust guess what you know who the directors were previous
    24:14 two separate attorney generals of the State of New Hampshire
    24:20 Foster in Delaney what did I tell you that they ran for
    24:26 cover for the cartel what did Shaheen and Hassan put together Hassan appointed
    24:31 Foster as the AG they protected the money laundering Network they are
    24:36 literally directors in this company Greiner goes back to this company it is
    24:44 Drug Money now here’s the real question what made them move and they moved fast
    24:52 could it be the investigation of the Pandora papers because those corrupt politicians in
    24:58 Washington have the evidence and have the names . . . “?

    • The video seems to include allegations that highly placed individuals including Netanyahu and Henry Kissinger benefited from the drug traffic trade.

  10. jigisup says:

    World war z- 2013
    A virus spontaneously evolves in rural asia that causes zombies. Neo Macgyver UN cop (Brad Pitt) is called in. A globe trotting crusade extravaganza of origin investigation and zombie bashing/slashing/shooting with reciprocal biting ensues for a hour and a half. Brads quest leads to a W.H.O. facility where he injects himself with a unknown substance selected randomly from hundreds of vials thus saving humanity. Injection with the randomly selected from hundreds of vials unknown substances stored at the WHO facility substance stored at cold temperatures is victorious where bashing/slashing/shooting is not. Brad returns to his hotty wife and family in a largely depopulated world to live a simple but happy life ever after. Slightly sad happy ending music plays. A victory but eternal vigilance in which science aided by military is the only defense. Cue top gun missile strike on stadium full of zombies. This is the challenge of the brave new world. Hopeful exciting adventure music plays.
    https://www.bitchute.com/video/AV5djOIpOWK8/

    • I presume you are referring to the plot of a movie released in the year 2013, called “World War Z.” This is a link to the Wikipedia entry.

      https://en.wikipedia.org/wiki/World_War_Z_(film)

      Your link at the bottom seems to be totally unrelated. It is about biological men being able to unfairly compete with women, in women’s sports.

      • jigisup says:

        My sincere apologies. Wont happen again. Here is the www z link. I ran across it. I had forgotten all the similarities it had to the “covid”.

        https://www.bitchute.com/video/H29MIpu3yvHw/

        I got my links mixed up. I decided it was inappropriate to post it here but screwed up. Since I did i will comment.

        Womens sports has deep meaning to many women and I think it has value. In local communities it is demonstration of pride in the fitness of youth. It represents the celebration of youth and the strength of the next generation. That contributes to the strength of local communities. To let that be destroyed by petty individuals especially ones that have no genuine interest in trans genderism but just want to win is not right. Every single person knows its cheating plain and simple. This is demonstrated by the fact that no female to male conversion demand to participate in mens sports.

        I find it very sad that these institutions are being destroyed. I find it very sad that women who have found such meaning in their sports are denigrated. Fully intact males in womens dressing room just because they say they identify as women? UH guess what people dont always tell the truth. duh.

        The truth is this is a denigration of women’s rights. The celebration of the wonderful miracle of women expressing themselves via their mind/body is denigrated. THe miracle of women and the miracle of motherhood a universal truth that men can only observe decreed secondary to a surgical procedure.

        THe point is exceptionalism. The point is creating conflict. The point is further polarization of our communities and nation. THe conflict is used to mask the real issues we face. Debt and war. Exceptionalism traipses hand in hand down the path of the apocalypse with debt and war. Getting along not allowed.

        • jigisup says:

          One of the things thats great about womens high school sports and high school sports in general is all races are represented. Income doesnt matter. Race doesnt matter. THe players have talents and faults. There is joy in their faults as much as their talents. That makes it so human. The community is represented. The community is united. THe youth generation represents! THe youth generation transcends petty differences.

          Of course thats unacceptable and has to be torn apart.
          Getting along not allowed. Communities working together not allowed. Their must be division and conflict so the approved agenda can be inserted.

        • Fast Eddy says:

          Mass Demoralization https://t.me/leaklive/13382

  11. CTG says:

    I need some help from readers of OFW.

    I read and seen videos of protests and small scale riots in France (not Paris but France) with strikes. Rubbish were piling up, etc.

    It is logical that if you want to strike, you strike for weeks and not planning to do any work. So, if strikes were to “happen” in large cities, the rubbish will be so high a pile that it is impossible to stay there, trucks would stop, food would stop, petrol would be gone and it is just a few days before chaos would happen.

    That does not seem to be the case and Macron is in China lecturing China.

    So, is France another Sri Lanka or Ukraine war? (for those who catch my question only).

    *******
    This following paragraph is for those who have watched the movie Truman Show and it is only for those who can read between the lines and infer.

    “Truman woke up in the morning in his home in Seahaven and opened up the newspaper. There it was a riot in France with rubbish piling up high”

    Perhaps we do live in a simulation after all

    • Mirror on the wall says:

      The bin strike was suspended to clear the place. The intention was to do a protest, not to make the place unlivable or the society unfunctional. It is just a protest.

      • Tim Groves says:

        So, it was just a piece of street theatre, not a serious attempt to change the French Government’s plans?

        If we compare this with a well-known historical event, the Winter of Discontent in the UK in 1978-79, we find that the series of strikes that gripped the country then continued for about six months and included piles of uncollected rubbish in towns and cities throughout the country that attracted rats, and corpses stacked high in mortuaries awaiting burial or cremation.

        I remember it well, as I had to walk past the mountains of rubbish in the streets for day after day on my way to and from work in Soho. Piles of rubbish became a sort of new normal for us that winter.

        The strikers were seeking an extra few percent on their wages in order to keep up with inflation. What they got for their trouble was more than they bargained for—seventeen years of Margaret Thatcher and John Major.

        • Mirror on the wall says:

          It is just a protest. Some protests work and some do not. Sometimes the effect is delayed to the next election, and sometimes the more extreme protests have less intended outcomes than the more moderate as your own example suggests. Protests in a democratic context are fairly well understood, and they are generally considered to be a ‘serious’ facet of democracy, although that is debatable. It would be interesting to see a statistical analysis of the outcomes of protests. I suspect that they rarely have much effect but that there are exceptions. Whether this will be one remains to be seen. The pension age by a couple of years is hardly a revolutionary demand, anyway. Protests can likely play a ‘serious’ role also in giving an outlet to frustrated wills, an impression of empowerment, and the avoidance of a deeper societal alienation. There likely is a literature on the subject.

        • David says:

          It was much worse. They got Tony Blair, Gordon Brown and later Keir Starmer, who seem more loyal to ‘capital’ than ‘labour’. ‘Old Labour’ was destroyed. See Simon Jenkins’ book ‘Thatcher and Sons’.

          • Lidia17 says:

            What do you mean, they “got” them? Are these people ever really ‘destroyed’?

    • davidinamonthorayearoradecade says:

      “So, is France another Sri Lanka or Ukraine war? (for those who catch my question only).”

      yes, they are all experiencing real problems.

      Sri Lanka slowly collapsing into poverty, but too slow to make interesting daily journalism.

      U war is slowly devastating the majority of younger and middle aged U men, and no journalist is willing to embed with the U side that is facing the overwhelming power of the R army.

      and the so-called Free Press is pressured to not report on the heavy one-sided U losses.

      we get to see much of this reality.

      the behind the scenes TPTB discussions and decisions not so visible.

      • Ed says:

        Just went to a fund raising music event for one 77 year old man in the community. It was a fine and wonderful event and motivation. I just have a hard time processing it with no reference to 400,000 dead men in the US/Russia war. No care for them. I live in a town and country that has no idea of the massive death/murder they are paying for.

        • Fast Eddy says:

          400k dead? hahahahahahahaha

        • jigisup says:

          Im not quite with Eddy on this but at this point I dont think any casualty numbers can be trusted. Lies were always told about casualties in war The truth not coming out until long after the war. Casualties numbers are as great a secret as the numbers of any other commodity in war. Maybe one of our commenters who we have a fondness for is correct. Maybe not. We dont know and will never know.

          Ed your thinking about drones was spot on in my opinion. Drones can attack the weak points on tanks. Cogs on the tracks. Plug engine exhaust. Drones can lay down before the tank and attack its underside. Wherever the weakest point is on a tank drones can attack it. The weakest point being the human operators. They have to come out sometime.

          Chinese suicide drone technology would end the Ukraine war in matter of weeks if not days. Tactical and strategic AI control creating the swarm as a unified force not individual components. I have questions why we dont see new technologies deployed. I dont think its because large scale electronic warfare exists to counter drones.

          Domestically think of drone applications. A dozen safety drones in the ceiling of every school. If a threat to the students manifests it can be neutralized before the first student is injured.

          Police goes to a call. Police arrive and safety drones deploy from the police vehicles as SOP hovering next to the individuals at the location. Human response time is measured in seconds and humans make mistakes so the AI is in control of the safety drones.

          Frankly there is a lot of technology that has not been deployed in this conflict. We are told they are slogging it out like ww1 and ww2. Why?

          I think its pretty obvious drone technology applied to warfare would change the nature of combat. Why do we not see it deployed? Is it only the Chinese that have the manufacturing capability to do so? Why dont we see drone technology applied to individual combat instead of these grenade dropping drones here and there? It doesn’t have to be sophisticated vision engines. Heat seeking would work. Even human operated would be a game changer

          500,000 combatants. 500,000 suicide drones. Result?

          Lines would fold the first hour. Troops would run. Leave cover. Artillery finishes. You cant fight something that just comes humming up to you and blows up. Ok you swatted a few. THey made more. Program them to approach from the back of the head not the front. bzzzt boom.

          You dont even need that many. 1000 suicide drones would punch a hole any where in the line you want to exploit . Wherever you used them the line would fold.

          This is just one tiny aspect of technology that has manifested in the last 70 years. Why do we not see new technologies deployed in this war? We did in WW1 and WW2. Why are they slogging it out with old technology?

          https://www.bitchute.com/video/2scu5A5r0jRZ/

          • Interesting question.

          • Student says:

            Because those kind of drones need to be produced and it takes time.
            But additionally if you have them you need to control them being not too far from the drone itself.
            Russians know how to disturb frequencies of those drones (every big player know how to do it), while if those drones are used against normal people, they just succumb to drones, that’s why it is a easy task for police.
            The drones you are talking about are completely another technology from the MQ-9 Reaper of the incident against a Russian plane.
            MQ-9 Reaper is controlled by sophisticated satellites and it is almost a plane.
            This is what I have understood reading various articles accessible to everyone on the web.
            I don’t know if it is 100% reliable, but it seems to make sense.
            I hope it can help.

          • Fast Eddy says:

            The moon landings are very real to most people.

            For most people there reality is that the vaccines are safe and effective. I know someone who has had both cancer and a heart attack since taking 4 shots… he still is a true believer in that reality.

            This is how powerful fake realities are.

          • Ed says:

            I live near Westpoint. I see ads for instructors to teach drone usage to Westpointers.

    • Rodster says:

      The problem with prolonged strikes in France is that Macron is doing the same as Trudeau by using violence against the protesters. There are reports that some protesters have been killed. The Media is complicit in all this by not reporting on government violence against its own people.

      Chris Martenson posted a video showing Police violence against the protesters. In one case a non violent protester got sucker-punched by a Police officer. Remember, that Macron and Trudeau are both Klaus Schwab disciples. This is all simmering to a complete boil and when it does all bets will be off for Macron and his government.

    • Jan says:

      There were some YT video showing huge protests in Paris, that would be difficult to stage.

  12. Artleads says:

    At base, there is no other way to create affordable structures other than using ubiquitous, fast growing,(invasive plants like bamboo, but using mainly industrial cardboard.. And it’s absurd to talk about installing or repairing sewage lines. Humanure must now be handled on site or locally. It might also be used, once cured, for landfills and forestry.

    • David says:

      About 5% of UK houses and 20% in the USA already have on-site sewage treatment, usually with a septic tank. The better ones work by gravity, i.e. one lays out the drainage routes sensibly when designing the house. The older ones were built from brick or concrete – the modern ones seem to be plastic or precast concrete.

      Mine is emptied every 4 years, costing ~£150, although a large family might need to do this more often. I suppose in future people could do this themselves. If you never remove the ‘solids’, the soakaway blocks.

      With a septic tank the ‘liquids’ enter the soakaway and trickle back into the garden. The liquids account for most of the fertility, so it’s not lost.

      It’s the people in towns and cities who may have a problem …

    • Humanure (without all of today’s drugs) is needed to fertilize soil locally. Transport of the humanure will be difficult. Perhaps a different solution will be needed.

      • Mrs S says:

        In 18th century England, urine was transported by ship from London to the North East coast for use in the alum industry.

        Buckets were left on street corners and those who made a deposit received a small payment.

      • Lidia17 says:

        Gail, I think this is one of the major disconnects that is not on most people’s radar. You can’t take valuable biological matter and sequester it away from the world, or destroy its value, or treat it like toxic waste, without repercussions down the road. Eliminating human manure and domestic-animal manure from the nutrient cycle cannot but have negative repercussions in terms of biological productivity and regeneration.

        Even our burial and cremation processes are niggardly and un-natural, keeping our bodily raw materials away from their subsequent natural expression.

        I have a personal niche theory that the decline in forests has something to do with the decline in insects, whose ongoing manuring of foliage has been largely eliminated.

  13. Fast Eddy says:

    I was having a similar discussion with a finance person yesterday while sipping tea (I really wanted to go to the VIP room and snort blow but it wasn’t happening)…

    She agreed that the entire banking system is insolvent because they value of their bond holdings has collapses ‘but that’s just numbers on computers’

    She said ya it looks grim — but they always find a way to muddle through and kick the can.

    I tried my best to destroy hope and drive her into despair by saying yes they have kicked the can by pumping out trillions bailing out the banks and as expected that eventually lead to the beginning of a hyper inflationary crescendo that if left unchecked would have lead to a run on wheelbarrows… so this time is different — throwing more money won’t kick the can any longer…

    Hope springs eternal …. as we know … humans don’t want the truth… they will perform mental gymnastics including triple double backwards flips… to deny the truth.

    The discussion moved on to the weather because the plan is to attend an outdoor opera performance… and how I forgot to pack my tux and top hat.

    I much prefer a pub crawl involving a sampling of VIP rooms.

    Simon Hodges
    on March 8, 2019 at 3:29 pm said:
    I think otherwise. All values are metaphysical. They might disappear temporarily only to be reinvented in different ways. We have always been making this up as we go along and we will continue making it up. Things have changed. I remember when QE was first introduced everyone was predicting hyper-inflation. It did not happen much to the central banker’s chagrin because inflation of some reasonable sort was meant to be the point yet we had virtually no inflation. We can obviously disagree about this stuff, but to me it seems we have moved into other realms beyond conventional economic understanding.

    drtimmorgan
    on March 8, 2019 at 5:16 pm said:
    With respect, we most certainly HAVE experienced hyperinflation – in asset prices.

    The creation of additional money necessarily creates inflation, subject to monetary velocity. After GFC I, velocity naturally slumped as people turned ultra-cautious. In this sense, QE increased the quantity side of the Q-V equation, but was offset by much reduced velocity.

    But WHERE inflation shows up depends on where the money is put in. If QE had been put into people’s pockets, consumer inflation would have risen. What happened, though, is that new money was put into asset markets instead – so that’s where the inflation turned up.

    Simon Hodges
    on March 8, 2019 at 5:33 pm said:
    I agree there has been some inflation in certain assets but I wouldn’t call that hyper-inflation. Even if you look at certain asset classes it has not been enough to even keep pension funds solvent.

    drtimmorgan
    on March 8, 2019 at 5:54 pm said:
    This is a matter of opinion, of course, but I have to say that asset price inflation looks quite extraordinary to me, and I can’t reconcile prices to any fundamental metric of valuation. I’d say that it’s only the perpetual injection of cheap liquidity that prevents what is politely called “a sharp correction”.

    High asset prices harm pension funding, because it increases the prices at which inwards fund flows are invested and, critically, crushes returns on capital. Price gains are one-off, but the dynamic, in-out pensions process depends on real returns on invested funds going forward.

    Pre-GFC I, money put into US equities could be expected to earn 8.6% (real) annually over time. The forward-looking number now is only 3.45%. Money put into US bonds now earns only 0.15%, down from 3.6% previously (source: WEF).

    • Rodster says:

      “She said ya it looks grim — but they always find a way to muddle through and kick the can.”

      That reminds me of the famous quote which says: This will continue until they can’t. That’s what a lot of these people fail to understand. Just like those that think the United States, could never collapse just like the old Soviet Union or the USD losing its reserve currency status.

  14. Fast Eddy says:

    drtimmorgan
    on March 8, 2019 at 2:59 pm said:

    As I see it we are now in a late stage of policy madness. As we’ve discussed here before, the ratio between liquidity injections and resulting “growth”, always weak, has now become utterly miserly. An NBER report in the US has suggested that stimulus hasn’t worked at all, because it has downsides which at least counter its theoretical benefits. Yet there is no sign of a return to normality. The Fed is soft-pedaling on rate rises, and considering adding QE to its day-to-day toolkit. This measure from the ECB, accompanied by slashing its forecast for EA growth from 1.7% (as recently as December) to just 1.1% now, is eloquent of utter failure.

    I don’t share your faith in the ability of fiats to withstand this process indefinitely, for three main reasons:

    1. Compounding. If we keep on increasing the rate at which credit is created, the addiction process will take on an internal momentum of its own, which I suspect is already the case – it’s like drugs, where the addict keeps needing ever larger amounts as the effects diminish.

    2. Crash risk. There’s no resilience in the system, and there are no rate or fiscal shots left in the locker. Come GFC II, the required amounts of new liquidity will dwarf anything yet seen. Moreover, deficits would widen to a point where there’s no alternative to ‘printing the deficit’. So the next crisis could trigger exponential money-creation. That’s when inflation spreads from asset prices (as now) to prices and wages. Debt levels already suggest that there is no alternative to an inflationary ‘soft default’. Gaps in pension funding suggest a need to print money to meet obligations.

    3. Energy. This is typified by shales. These have never been ‘profitable’ (meaning positive FCF). But we can try to keep energy supply ‘profitable’ by printing the money to cover its capital costs.

    This latter is critical, and recognized by very few. In SEEDS parlance, we’ll end up printing the money to pay ECoE. That can’t work. Rising ECoEs, by destroying prosperity, are set to destroy money as well. This is a topic I’m working on now. But how can a financial system predicated on perpetual growth survive a cessation (and now a reversal) in growth caused by ECoE strangulation?

    Simply put, rising ECoEs could kill money by destroying its most fundamental assumptions.

    I wouldn’t call it madness… the policies make sense… I’d prefer the term – desperation …. it’s the last gasp stage … the throwing of the kitchen sink at the problem… the running out of ammo stage… the last stand….

    This arrogant species is about to get its comeuppance … civilization is gonna vapourize…overnight…. the moment of realization as 8B stare into the abyss … is what I live for… it’s big… too big to even imagine

    Discuss

    • houtskool says:

      There it is again, and again, and again….

      “Simply put, rising ECoEs could kill money by destroying its most fundamental assumptions.”

      Money..? Ever growing debt to grow faster, and then growth stalls because ‘we’ simply cannot grow forever, and then discuss this stupidity over and over again?

      Like Neanderthal drawings of deer, or stupid posts on the current stone wall called internet?

      Are you f*cking serious?

      • houtskool says:

        In my latest dream i saw Norman running in front of a sabertooth, just up from his wheelchair. He looked like a silverback kangaroo. I really don’t know what to think anymore.

        • Replenish says:

          WEF data points vs. Geo-mythology.

          Dreamtime as Apriori knowledge.

          Pointless arguments? Save your energy for real world territory.. fight or flight?

          Norman as a Fandom “silverback kangaroo” (or other megalithic creature being chased out of the comfort of his “wheelchair”). When aroused He may be a natural sprinter or hopper and very dangerous over short distances. Ask Fast Eddy.

        • your last line made the obvious statement—which is why you syphon other people’s thinks

          i suggest you comment in your own wit class

          otherwise you’ll never keep up.

    • gpdawson2016 says:

      Hats off to you, Mr. Morgan…. and to Gail and all the other ‘pioneers’ of Peak Oil! A special shout out, too, to Simon Michaux who is a real ground-breaker in this field.
      Chad Haag is worth his salt, he has just put out an excellent breakdown on the peak-oily-ness of Moby Dick on his YouTube channel. He maintains that our predicament can only be solved philosophically….and I for one agree! He has written a book on the philosophy of Peak Oil and it’s titled ‘Being and Oil’.

    • Dr. Tim does make some reasonable points. But doesn’t he realize how the system is put together? We need fossil fuels to allow goods and services to be made. We need all parts of the system to work, including international trade. A crash is inevitable, unless a huge amount of printing is done, in which case we have a problem with hyperinflation. A collapsing government is another possibility.

    • Jan says:

      Soon inflation will climb up to 30% or more. They will introduce digital money. It won’t work as its cause is not financially. Companies will crash, jobs get lost. Backouts will come. As the governments have lost authority by their management of the pandemic, it will be hard for them to impose measures. They may try something like basic income, nationalizations, food stamps. They will reserve Diesel for agriculture. Fertilizers will be unavailable. Food supply will deteriorate rapidly. People will wait for their old lives to come back. After two weeks without food they become weak.

      Sad, but simple.

  15. Fast Eddy says:

    Everyone is wondering why businesses worldwide are short of staff …it never occurs to them that would be workers cannot work .. cuz they are dead or damaged by the Safe and Effective injections

    https://www.2ndsmartestguyintheworld.com/p/deathvax-redux-disability-for-16

    hahaha

    Standing by for Phase 2.

    See norm – FE changed his mind – Bossche Mutation is still a good theory .. but Phase 2… that allows much more control of when the dying starts… therefore if it were me I’d want to have a Binary Poison

  16. Ed says:

    I went to the bank. I can buy Yuan but I can not buy Ruble. The young woman teller asked what country are Rubles from. Oh my. She looked draft age.

  17. It seems to me that this Yahoo article by Ambrose Evans-Pritchard points out how China can beat the US.

    https://finance.yahoo.com/news/chinas-green-leap-forward-nightmare-070000668.html

    China’s green leap forward is a nightmare for Saudi Arabia and Russia

    The existential threat to Saudi Arabia and the OPEC cartel comes from China, not from net zero or from green deals in the West. . .

    Sales [of EVs] have surged despite the elimination of subsidies at the end of last year. China’s best-selling EV is the BYD Song Plus, which retails for about £22,000. Number two is the smaller Wuling Mini. It starts at around £4,000 (not a misprint).

    “They are producing cheap EVs for the mass market, which is still completely lacking in the West. It is absolutely taking off,” said Lord Adair Turner, chairman of the global Energy Transitions Commission (ETC). . .

    “China’s high speed rail network means that there won’t be so much internal aviation either. Oil use per capita is never going to be anything close to American levels,” he said. . .

    Great tracts of desert in Inner Mongolia, Gansu, and Xinjiang are being covered with solar panels and onshore turbines, bundled with extra coal capacity as a back-up to avoid winter blackouts.

    I can see that mountains of coal are a whole lot better for storing up capacity for winter heat than either natural gas storage or batteries.

    There are videos out about the new little vehicle. People seem to decorate them with decals to personalize them and attract attention. The range seems to be about 100 miles, if no upgrade is made. I noticed somewhere that “battery swaps” are being done along highways, rather than trying to tie up people for hours, charging their vehicles. GM seems to be a partner in their production.

    • drb753 says:

      Nightmare too strong a word. Their hydrocarbons will be 100% sold regardless.

      • Cars are now affordable by many more people.

        China has already been having problems with their electricity supply. Charging these cars (or the batteries, separately from the cars) cannot help.

    • Clickkid says:

      “Great tracts of desert in Inner Mongolia, Gansu, and Xinjiang are being covered with solar panels and onshore turbines,”

      Covered and degraded by sand in next to no time.

      • I was thinking about that as well. I wonder how in the world it would be possible to keep the solar panels clean. The sand probably isn’t helping the gearboxes of the wind turbines, either.

        • drb753 says:

          I did some work on solar in Saudi Arabia a few years back and man, all they want to talk about is how to keep the panel clean. totally different from the Western envirnoment.

          • Adam says:

            Brown dustiness covered everything outside when I was in Kuwait, they would have times when the wind would pick up and it was a sandstorm.

            • Lidia17 says:

              My experience from living in Rome: there were times when dust from the Sahara would cover everything!

  18. Mirror on the wall says:

    > ‘Vile act’: Israel faces global condemnation after second violent raid at Al-Aqsa mosque

  19. Jef Jelten says:

    Oil is sold on the world market for a price that is set by what the market can bare and settled in any and/or all currencies required. If you sell a hundred dollar barrel of oil on the open market for anything less that the $100 equivalent in your currency you will have a run on that barrel from any country whos currency is valued higher than your currency.

    When you buy oil on the open market the transaction is done with any and every currency out there and in the settlement process that currency is transformed into the currency that the seller demands. This means that what you end up paying, the amount you pay will depend on the value of your currency relative to the $100 barrel.

    The US dollar has been the strongest value for a long time so if you have US dollars in your reserves you would use those to settle the transaction. Or if you had something to sell you would take US dollars as payment knowing that it holds the strongest value so any way you look at it it is always a $100 barrel of oil regardless of the currency.

    What will change this dynamic is not stating the acceptance of a different currency for oil, it would be if, or most say when, the US dollar becomes worth less than other currencies. This isn’t going to happen just because some countries claim it to be so.

    There are a lot of dollars/eurodollars out there and if any oil producer says they will only accept their currency all transaction will still happen without a sneeze as the currencies will be exchanged accordingly in settlement.

    It is possible for who ever controls settlements to not exchange specific currencies but that is an entirely different issue.

    • Jan says:

      Austrian chancellor Nehammer travelled to Katar to buy some extra gas. Katar said, they are bound to longterm contracts and have no extra. For sure Nehammer would have paid a premium to have an innerpolitical sucess.

      The acceptance of Kenian Shillings does not make sense for Saudi-Arabia. My idea is, they are developing the country. They might import something useful but for sure it would be possible to sell the oil otherwise gaining more profits.

      In my eyes the USD and the US military guaranteed the ‘free markets’. This whole system might be on the brink of desaster. I guess, the consolidation of the BRICSS will lead to an own internal market with export restrictions.

      In that moment the amount of products being sold in USD would be reduced massively. That would lead to a large inflation.

      • “the consolidation of the BRICSS will lead to an own internal market with export restrictions.”

        That is a good point.

      • Curt says:

        The apparent end of the dollar system is a tectonic shift of history. How exactly this plays out is to be seen.

        John Michael Greer argued the process will still be slowed down, because the USA and the other relevant countries are still economically dependend on each other, so the power of the dollar and the US would not erode right away.

        As far as I know, until here, the US has some relevant exports of coal, gas of course (though fracking wells are quickly drying and new investments stagnating/ceasing), foodstuffs industry, and there are “electronics and machinery” listed in the official data, though I am not sure what exactly they are exporting there.

        No doubt however, these energy deals in yuan will do a good deal of hurt.

        What I am unsure as well about is the question of how many countries will depose of their dollars. Throwing them to market right away be devalue the dollar so quickly that many countries would make a great loss.

        As far as I know, China is slowly giving its dollar reserves away, but I guess they will make sure they still get something in return too.

        Maybe the dollar will become the hot potato, hastily passed around by all the countries to get rid of that currency, while trying to still buy something with it.

    • It seems like one way this might change is if some countries start guaranteeing everything in sight: bank accounts, bond payments, money market accounts, private pension plans, ETF’s and government pension plans like Social Security. The inflation would be so high, relative to those countries that did not make such bailouts that the dollar (and the currencies of any other country that allowed huge bailouts) would fall relative to currencies from countries that simply allow the defaults to take place.

      Another scenario might be that the US might roll out a new digital currency is put in place to replace selected parts of current financial assets, while other financial assets go to zero. Other countries simply don’t accept this new digital currency. Trade will only continue between countries that accept each other’s currencies.

  20. Agamemnon says:

    True that debt helped solar. I remember arguments of solar folks on the oil drum being questionable but give them credit. This is remarkable I’d say. To be sure with the state of world the odds are against their vision.
    This is a couple years ago

    https://www.dw.com/en/desert-large-solar-plants-also-pay-off-in-countries-with-less-sun/a-58284114

    Production costs for solar energy have dropped by 90% between 2009 and 2020,
    new coal-powered plants was three times solar.
    3X!(ok let’s not exclude hidden maintenance)
    But it’s intermittent wah wah. Batteries are $$$.
    LoL natGas is the battery. Also I’d think that natGas plants are closer to destination cutting transmission cost.
    True more plants isn’t ideal but what alternative? Oh yes do nothing.(as an investor that does work)
    Maybe the power companies could show us their projections , surely they didn’t take this path blindly.
    This trend continues.

    Renewables Surpass Coal in U.S. Electricity Generation:

    https://www.statista.com/chart/1503/coal-is-still-americas-predominant-electricity-source/

    hopium ? Ok. The grand solar minimum is here.

    • Power companies were pushed to a great extent by the changes that took place after 1980. Energy costs of all kinds had risen too high. There was a huge push to somehow get energy costs down. Competition was one of them. If a state (or other area, such as EU country) creates a pricing system based on marginal cost (“competitive rating”), instead of total cost, it creates the illusion that wind and solar can be part of the solution. Wind and solar are too intermittent to be very helpful, however, except in very limited applications such as desalination of water.

      Also, power plants were running into fresh water limitations. The use of wind and solar generates electricity (at least temporarily) without the use of water, so that has been helpful.

      Government subsidies and state mandates have been helpful, as well.

    • Another issue is that coal consumption has been falling, so the comparison to renewables looks better for renewables.

      One reason for a drop in coal consumption is because cheapest coal to extract and ship is being depleted. Shipping costs are very high, so the price of oil enters into the delivered cost of coal. At the same time, regulations have made generation of electricity using coal more expensive. There has also been publicity about the CO2 impact of coal generation.

      Another reason why coal consumption has been falling is because natural gas prices have been unbelievably low since 2009. Also, construction of new natural gas generating plants, especially “peaking plants,” is very cheap. It is very striking that the shift away from coal started to occur when low-priced natural gas generation started to reduce the demand for coal for electricity generation, thus driving down coal prices.

      Quite a bit of this natural gas was associated with oil production from shale. This natural gas was, to a significant extent, an unwanted byproduct. Without export facilities available, all of the extra natural gas simply drove down natural gas prices. These low prices, and the publicity saying that natural gas was much less polluting than coal, encouraged a shift to natural gas instead of coal. Electricity producers were led to believe that the US has an unbelievable ability to extract natural gas for many many years in the future.

      In fact, US dry gas production is up a tiny amount from what it was before the fall in 2020, but not a whole lot.
      https://www.eia.gov/dnav/ng/hist/n9070us2m.htm

      Furthermore, natural gas is better than coal for rapid up and down shifts in electricity generation needed to offset the rapid variability in wind and solar.

    • AshenLight says:

      What “grand solar minimum”? The Sun has been very active lately, far above predictions:
      https://www.spaceweather.com/images2023/03apr23/sunspotcounts.jpg

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  22. jigisup says:

    MRNA vaccines were rolled out in livestock in 2018

    SEQUIVITY TM for animals
    COMIRNATY TM for humans

    https://www.thepigsite.com/news/2018/06/merck-animal-health-introduces-sequivity-technology-1

    Oink!

  23. Another WSJ article of interest, talking about the impact of rising interest rates, rather than falling ones:

    Declines in Loan Values Are Widespread Among Banks
    Lenders could face pressure on earnings or liquidity, or to pay higher rates for deposits

    When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors started fleeing First Republic Bank FRC 4.39%increase; green up pointing triangle soon afterward, the concern mainly was about a hole in its loan book.

    Nearly every publicly traded bank in the country is sitting on loans that have declined in value since they were made. The culprit is rising interest rates, which also slashed the value of banks’ other big asset, their holdings of securities.

    The overall market-value losses on securities are well known because they are tallied up industrywide by banking regulators. The scale of market-value losses on loans made by publicly traded banks has to be tallied from banks’ securities filings.

    “Fair values of loans and securities are not qualitatively different,” said Tom Linsmeier

    Of course, insurance companies and pension funds have the same problem, even if they are not required to show them in their “statutory” filings. This change affects how much the companies can earn if they sell their securities. If also ties them into relatively low interest earnings on an old book of debt.

    The rise of “captive” insurance companies in the 1970s took off when new insurers realized that they could undercut the rates of old insurers, for coverages that depend a lot on investment income, because they could immediately put the premiums to work on earning the higher interest rates available then, while old companies could not. Consulting firms arose to service these many smaller companies. This is part of what allowed actuarial consulting to “take off.”

    • Dennis L. says:

      Insurance companies and pension should not have a duration problem if their actuaries are not being asked to put a thumb on the scale.

      “Captive” insurance companies can work, Geico comes to mind, and that appears to be captive as Warren owns the entire company. I see your last sentence, “take off.” Okay, thumb on the scale. Fraud seems to require less intelligence than actually making money.

      Something is wrong with the afore mentioned banks, if their assets were US bonds, etc., there is zero solvency issue, there could be a liquidity issue, but that is bridgeable.

      If some of their customers are actually what have been discussed here, ah, officers, etc., may have bigger and more immediate issues than various regulatory and legal problems.

      • Insurance companies and pension organizations have a problem with competition, however, if new companies can provide a whole lot better rates.

        If insurance companies shrink, they discover they discover that they need to start selling off some of the “underwater” bonds that they are selling.

        Also, inflation can be a problem for property casualty insurers. They sell the policies and pay claims later. This can be several or many years later, in the case of liability law suits. The amount juries award seems to be based on their current views of what is needed for future benefits. With healthcare costs rising, this (at least at one time) tended to push jury awards up.

        Companies selling long term healthcare policies have had a lot of problems with inflation and greater use assisting living adding to their costs over time. They had originally expected high interest rates to lead to a lot of investment income. Needless to say, less of this materialized than planned. I notice an article related to this issue. https://prospect.org/familycare/the-collapse-of-long-term-care-insurance/

    • jigisup says:

      IMO the way mortgages are traded is part of the problem. When a bank makes a loan it should hold that note not trade it off. That incentivizes the bank to make good loans that will be paid and make enough interest to cover the bank.

      THe banks only are granted their existence to buy treasuries. Instead of making loans based upon traditional metrics ie home price as a multiple of prevailing wages they must revolve around a arbitrarily declared interest rate .The loan is regarded as a asset on the books as such and traded as such.

      A mortgage at 3% is basically free money. If real inflation is 20% take as much debt at 3% as you can get right? There has to be a buyer of the commodity backing the debt in the end however and the digital federal reserve notes must be tradable for something that might be a store of value in the end.

      While raising interest rates is a desperate attempt to stop devaluation of the dollar it exposes a large elephant in the room. The excess valuation of real estate created by ZIRP. The assumption that the underlying value of the commodity that backs the loan is fixed while interest rates can change at will is not only demonstrably false but exponentially false.

      Desperate. Jerome and Janet the desperados.

      This is the rather large gamble the fed took. Past tense. Pivot is here. Now they try to pull the blanket back over the elephant but the poop is rather smelly. The question is the same question for both MBS and treasuries.

      Who is going to hold this debt?

      Joe taxpayer cant at 6%. You cant just eliminate Joe taxpayer as a bagholder with 6% notes. You could have 6% notes if the underlying value of the commodity was marked to market. That however DESTROYS the value of the notes far more than interest shenanigans. It should have never gone below 6% notes. That would have kept the underlying commodity valuation quasi real. Spilt milk. Now we have a buttload of notes with BOTH bogus equity valuations AND ZIRP interest rates. That is the elephant in the room. Its going to take a BIG blanket now and a tanker of fabreeze for the poop. ZIRP infinity +++. Dollar destruction infinity +++.

      OR

      Blackrock gets quasi fed status and takes all the MBS on its books to make up for joe taxpayer leaving banks free to have trashuries on their books since trashuries on fed books is USA goverment buying its own debt (dollar OBLITERATION). Nothing on fed books. Everthing is fine.

      Either way you have something large knee deep in fabreeze moving around under a blanket with unidentified brown stuff floating. The only question is the color of the blanket.

    • CTG says:

      I thought they are allowed to mark to fantasy instead of mark to marker?

      • Banks have two category of assets they hold:

        (Supposedly) held to maturity.
        Held for trade.

        They don’t have to mark down the “held to maturity.” But if times change, and they do need to sell them, there is a problem.

        Pension regulators have all kinds of strange changes to rules, to allow pensions to value their portfolio in as optimistic a way as possible. Interest rates over some large number of years are involved.

  24. I noticed evidence of where some of this extra debt is going in yesterday’s WSJ.

    Assured Guaranty and Sound Point Join Up to Form CLO Powerhouse
    The deal is part of a wave of consolidation driven by insurers and alternative asset managers

    Insurer Assured Guaranty Ltd. AGO 1.51%increase; green up pointing triangle and debt fund manager Sound Point Capital Management LP have agreed to join forces to better compete in the booming credit-investing market.

    The tie-up, earlier reported in The Wall Street Journal on Wednesday, would create a fund manager with $47 billion invested primarily in corporate debt with below-investment-grade credit ratings.

    The deal is part of a wave of consolidation driven by alternative asset managers and insurers joining forces. They are trying to take advantage of booming demand from pension funds, individuals and other investors who want to put their money into private debt and asset-backed securities, hoping for a better yield than what the beleaguered stock market can provide.

    Of course, as this below-investment-grade debt implodes, it will take down pension funds and others looking for a better yield than the stock market can provide. This is what happened with defaulting subprime mortgages before.

    • jigisup says:

      “Insurer Assured Guaranty Ltd”

      Well there we go!

      Since assuring the insurer was not enough we need to guarantee the assured insurer.

      Why didnt we think of this before!

    • Hubbs says:

      It would be interesting to read your take on the med-mal insurance landscape. How well are these med-mal companies capitalized now? I thought they were well capitalized 5 years ago. Is this no longer the case?

      In consulting with my defense lawyer appointed by Community Health System (CHS) NYSE: CYH during my last med-mal case in 2018, I was told that CHS was “self insured.” My hospital in Natchez, MS had been insured by Becker (?) in Chicago until it was bought out by CHS who then had to unload a bunch of non profitable hospitals it had acquired then in a misguided reckless acquisition frenzy. These losers were suddenly spun off into to a shell wastebasket corporation under Quorum, a hospital management company out of TN.

      For judicial economy, and cost savings for both the Plaintiff and the Defendant in this case in particular, the internist who had been required to medically clear the patient for her hip surgery and my colleague who actually performed the surgery, were suddenly “dropped” from the case and I was held solely liable in my role as acting director of the rehab center at the hospital where she had been sent 2 days post op. Problem is, she at 59 had a life long history of being an alcoholic and 2-3 pack per day smoker, had never worked, was a life long public charge who would not cooperate with her rehab and therefore by Medicare and SS disability guidelines had to be discharged to the nursing home after 2 days of non- treatment/ refusal to participate. On arrival at the nursing home, doppler pulses were confirmed being present in both feet. A few days later however, she threw an arterial plaque embolus (not DVT) and wound up requiring an amputation because she was not a candidate for femoral-popliteal bypass. She then had an MI during her amputation surgery. This was followed by an embolic arterial clot in her post surgical hip side requiring that side to be amputated as well. Incredibly she somehow survived long enough to be discharged back to her trailer as a double amputee with home health services. Her trailer caught fire (probably from careless smoking ) and she died in the fire. They even tried to sue me for causing her death! At least this part was overruled in pretrial motions. I was sued for failure to recognize her condition requiring emergency treatment at the time of discharge from the rehab facility where I was the acting “Medical Director,” even though the embolic event clearly had occurred after her discharge from the rehab center. A classic conflation of cause and effect.

      Bottom line, I got all the blame, and CHS “came down” from the Plaintiff’s demand for 4 million dollars to “only” $450,000 which CHS paid in the settlement where I, a white male lame duck orthopedic surgeon who was leaving Natchez as the hospital was struggling to recover from a second bankruptcy and a sudden costly acquisition by CHS, got the sole hit on the National Practitioner Data Bank. Nothing happened to the other two doctors who continued to work there at Merit Health. If it had not “been settled,” the case would have been a bench trial only, no jury, in a very Plaintiff friendly town. (Natchez, MS) The patient was black. The judge was a black female whose husband was also a personal injury plaintiff attorney. I now how exactly how Trump feels about his getting a fair trial in Manhattan.

      Some observations or opinions:
      According to my lawyer, there are fewer med-mal suits actually being filed, but for those that do get filed, the awards are getting larger.

      It would appear, a doctor’s permission for a med-mal insurer to pay out a settlement on his behalf was no longer required at least by this hospital system CHS which as I understand it was “self- insured.” Most med-mal insurers have ( or at least did at the time ) a clause that requires a doctor’s consent to settle a case, as any payout by an insurance company would go on that physician’s NPDB public record and signal he was a “bad doctor”.

      Isn’t this essentially a situation where the long standing requirement of demonstrating a physician’s falling below the same specialty standard of medical standard of care in order to prove liability for damages via medical malpractice has now been supplanted by the bean counters’ risk assessment for similar class of cases that are lumped together, and a physician being denied the chance to defend himself when the sheer volume of exculpatory evidence was overwhelming?

      Both the Plaintiff and the hospital knew there wasn’t a case, but both wanted to save extra $ that would have been needed to get experts and depositions from both sides had these other doctors not been dropped. I am convinced this was all pre arranged by CHS and the Plaintiff where economic coercion and pure financial risk analysis, not Medical probabilities and joint liability were the controlling factors.

      Is there a trend to these big hospital corporations being self insured or was CHS unique? Has the traditional standard of care requirement been replaced by the ever expanding control by the corporation over the physician to the point of usurping med-mal liability standard of care? Was CHS so cash strapped that it could not afford to pay for insurance? Do state laws even allow a corporation like Community Health Systems to go bare?

      The problem is, even when you know you are being screwed, by the time you figure out how you got screwed, it is too late to do anything about it.

      • Most hospital systems are “self-insured,” as far as I know. So you get whatever these groups choose to do. Some of them do have offshore insurance companies. The Harvard Hospital Group includes a lot of a physicians. It is insured through a Cayman Island insurance company.

        Most doctor groups have Cayman Island insurance companies. Actuaries figure out rates for these physicians to pay. The funds are invested in various securities, including US treasuries of different maturities. If interest rates rise, the selling price of these securities will fall.

        The coverages provided are on a claims-made basis. If someone comes back 20 years later and claims an injury at birth, that late-reported claim will have to be covered by whatever coverage (if any) is available then.

        • I don’t think that there is much oversight of the practices of these self-insured groups, except perhaps by complaints against lawyers.

          The actuarial report only tells the hospital or other medical organization how much liability to show on their balance sheet. If the organization is out of business, it is tough luck for the claimant.

        • Dennis L. says:

          You would know much better than I, but isn’t there a statute of limitations?
          Dennis L.

      • Fast Eddy says:

        I wonder if we were to discontinue all these complicated treatments for people who generally have abused their bodies with poor lifestyles… and instead treated things like lacerations and broken bones… if we’d be better off… that might even encourage people to take responsibility for their health.

        To me the medical system is just another symptom of the disease were refer to as ‘intelligence’….

  25. jigisup says:

    Sputnik injection substance examined. Short

    https://www.bitchute.com/video/2Ue3pOwzcnph/

    • Graphene oxide in Russia’s Covid vaccine.

      • Jan says:

        In the meeting of the Corona Investigative Commitee No 150 (corona-ausschuss de) of lawyer V. Fischer (which is very long but available in English) it is indicated that at some point in the varying processes of vaxx production they parted mRNA segments from DNA particles needed in the production process by magnetic fields. They apparently failed to clean the mRNA from the magnetic particles, so reports of magnetism at the point of injection seem believable.

        In the same stream it is discussed if the damage by the vaxx are collaterals or ‘maximising the damage’ on purpose. At the end is an Italian film showing proof that Biontech must have known about issues with homogenity of the vaxx. Disintegrating homogenity may likely be responsible for a lot of clotting effects in the vaxx.

        A prof of banking economics expressed the expectation, that as a consequence of the banking crisis inflation must raise above 30% and that there is literally nothing the states could do. He than switches to his outrage over some German regulations, that are in fact not related. It seems as if he were psychologically unable to think the consequences through.

        A medical prof focused on the impurities by DNA in the mRNA vaxx, left over from the production process. They are likely to jump into the genome and cause cancer, especially leucemia, and infertility – as the children will be unlivable with the altered genome.

        Another point was the presence of plasmids in the serums, that very likely alters the microbiom of vaxxed as much as unvaxxed, as the microbiom permeates all. During the production process altered bacterias with resistance towards antibiotic agents are used to clean off pathogens. These plasmids very likely can transfer resistance against antibiotics to them microbiom as much as human cells.

        Dr. Fischer summed it up like, after 150 meetings we are still flabbergasted by the ingredients of the vaxx.

        • jigisup says:

          IMO at this point its clear there is no “the vax”. This was true even according to the narrative. We had a half dozen substances none of them pharmaceutical products. They were confirmed not to only be different substances but radically different by IR spectroscopy using individual samples.

          With unknown quality control we dont even know if they are making what they are trying to make. They mix the ingredients and bake it. What comes out? “the VAX” of course! Every single time what comes out is “the VAX”!

          There is only one identical characteristic that has been demonstrated across all injection substances, Graphene oxide. That has been identified in individual samples of every injection substance “brand”.

          Individual sampling should instill a confidence of zero as to what the population was injected with. There are only two methods to confirm that you are making what you want to in manufacturing. Statistical process control. 100% testing. That graphene oxide has been confirmed in all injection substances across all manufacturers and all nations in individual samples is noteworthy but certainly is not conclusive as to the primary question.

          What is it?

          100% testing of lots for critical molecular composition is simply not possible. Now add the fact that even if the narrative is to believed the substance is a precursor of sorts. Two steps removed. It inserts MRNA. This insertion/interaction is not determined uniform in the least The MRNA insertion creates the spike protein. What protein is actually created is not determined uniform.

          Considering the scope and novelty of the technology even the rather vague indicator of protein blot tests should be performed by multiple independent laboratories across a wide spectrum of populations. It isnt. Why not? Even from the perspective of curiosity in the results of the experiment you would think widespread blot tests would occur. But I digress.

          The “good” spike protein that is the goal (2x removed) is a computer simulation. The “bad” spike protein is a computer simulation. The “virus” that creates the “bad” spike protein is a computer simulation. Does that mean the computer simulations don’t match something that is real? No. Does it mean they match something that is real. No. This is all hypothesis.

          I think its commonly assumed the molecular composition of the injection substances are identified but the identity is not revealed. If thats true there could be confirmation of the quality of the substances in some manner. Since the patents go back to 2004 its even conceivable that the substances have a statistical process control manufacturing in place.

          Since the molecular identity of the substances are not revealed trying to confirm what they are rather than confirming the methods of statistical process within the manufacturing process is very very difficult. Some of the best clues are in the patents where the manufacturers have a interest in being honest to retain intellectual property. The bottom line is we largely have trusted the pharmaceutical producers in this matter both foreign and domestic. Cost is certainly a issue in this matter.

          Only the singular “active ingredient” is monitored even in best case manufacturing practices in normal production. With the emergency authorization there can be large changes without declaration. The other ingredients than the MRNA such as the lipid nanoparticles are unregulated even as novel as they are. Whether they are present or not is not considered applicable to what constitutes the “product”.

          IMO what we see is a quality control system that was never that robust. Cost was and is a factor. Is the product quality confirmed in those Chinese made generics? No. Now a extremely complex substance is deployed using the same system as less complex substances at the same time deregulation via “emergency ” and political pressure like we have never seen in regards to medical occurs.

          The term “The Vax” is not necessarily a misnomer but its should be regarded not as a singular of a unknown but as a plural of unknowns with even the quantity of unknowns unknown. The scope and severity of the actions these substances will effect on the recipients will be determined only by observation. Ed Dowds latest analysis asserts a minimum of 26 million significantly injured in the USA. Observing consequence however yield no answers into the question of what the recipients actually received.

          IMO we will not have a answer to the question “what is it” in our lifetimes. Thus the phrase “the vax” is appropriate as any.

  26. jigisup says:

    Jenny Porters experience with the injection

    https://www.bitchute.com/video/HNCLiJBtoYTl/

  27. Tim Groves says:

    More nasty news from San Francisco. Cash App creator Bob Lee was stabbed multiple times in the street in Rincon Hill, a “safe” part of the city, in the small hours, staggered over to a vehicle to get help, only for the driver to drive off, and then died of his wounds after being taken to hospital by the police.

    Whenever SF comes up, our thoughts turn to the online presence who identifies as Duncan Idaho, who thought it the best of all possible places, but I digress.

    Was this a random mugging or a targeted assassination of a Silicon Valley insider who knew too much or owed too much or was owed too much too?

    Lee, aged 43, had moved out of the SF with his family and lived in Florida, I read somewhere else, but was back in town on a short visit when he was stabbed just after 2:30 am on Tuesday the 4th.

    No mention of whether he was jabbed.

    https://www.sfchronicle.com/bayarea/article/bob-lee-killing-sf-crime-mourn-friends-17882389.php

  28. el mar says:

    USD there may be life in the old dog yet:

    HHH on peak oil barrel

    https://peakoilbarrel.com/us-january-oil-production-at-post-pandemic-high/#comments

    04/05/2023 at 10:27 pm

    “Let’s entertain the idea of a big move away from the dollar. Is that positive or negative for the dollar?

    It’s the exact opposite of what everyone thinks. Say If supply of dollars drops say 25% is that positive or negative for the dollar? If the supply of Chinese yuan or RMB increases by 25% is that positive or negative for the dollar. If they both happen at same time is that positive or negative for the dollar?

    Russia might not hold treasuries anymore but Eurodollars are still flowing freely in an out of Russia. Understand the US dollar isn’t the world’s reserve currency. The Eurodollar is. Yes they are both dollars but they are absolutely separate.

    Take it a step further. Is a move away from the dollar in trade a positive or negative for oil? Not what everyone is going to think. Any move to use the yuan or RMB as currency of settlements will crush the value of their currency. Demand = printing currency out thin air. Well backed collateral but still. Is Brazil going to buy Chinese debt with their excess yuan? China’s capital markets just aren’t anywhere near deep enough. And no gold doesn’t work. Try going to the Chinese central bank an exchange yuan for gold. You’ll be told no.

    Eurodollar was never meant to be a store of value. It’s a medium of exchange.

    The people pumping this dollar crashing narrative don’t even understand how the Eurodollar system actually works. They have no idea what they are talking about.”

    • Adam says:

      How “freely” are those dollars flowing in and out of Russia, I wonder, with all the trade sanctions?

      Trying to suss out future price levels and time frames is extremely difficult for me.

      Eurodollars circulate just like regular dollars but the paper originator is a european bank (my weak understanding).

      Nations making bi-lateral deals to get around using the US dollar cuts the circulation and reach of the dollar.

    • Jan says:

      A currency reflects all that is produced or is producable within a zone. If one accepts a currency, one thinks what could be bought directly or after further trade. If a currency zone imposes sanctions, the currency becomes worthless for use in the sanctionized zone.

      The new regimen will come with trade restrictions. Though the question is legitimate and good, I doubt its conclusions. Oil production might be more stable in bilateral circumstances. But global availability?

      With less oil being able to be bought by dollars, I would expect its value to deteriorate and thus the financial Ponzi scheme in the background to become instable.

    • ivanislav says:

      This is utter nonsense, to put it kindly.

      When countries refuse the dollar in further trade, it doesn’t change the amount of currency in circulation. It only changes the pool of assets that can be purchased.

      USD buying power = assets purchasable / currency units.

      It means to that to derive any value from the existing units held in other countries, they will have to buy things in the US from people still forced to accept USD as payment. That means (1) all the dollars come flooding back and (2) we can’t “export inflation” by devaluing a large pool of dollars a little bit each (all the inflation stays within the nation since only the nation now holds dollars).

      It does not mean that there are all of a sudden fewer units and each USD buys more. Hence, this is – again – utter nonsense.

      I won’t get into the other obvious fallacy (reserve currency requires printing), but do some homework.

      • Agamemnon says:

        This makes sense and the fed would welcome massive inflation to wipe out the debt.
        I would think sanctions would strand a lot of dollars too.
        Couldn’t banks refuse transfers from sanctioned holders?
        Peak oil guy seems confident tho.

        • ivanislav says:

          >> Couldn’t banks refuse transfers from sanctioned holders?

          This has already happened. Russia tried to pay certain foreign creditors from their dollar accounts. USA denied the transfers (froze the accounts) and tried to claim that Russia defaulted. No one bought the narrative since it was US-inflicted, but it’s what US officials tried to promote early in the conflict.

          >> I would think sanctions would strand a lot of dollars too.

          Yes, it’s called “weaponizing the dollar” and it’s a big part of why countries are now moving away from the dollar.

  29. I AM THE MOB says:

    Who’s going to bail out America?

    oh dear.. Not it all makes sense.

    Don’t worry, I’ll let myself out. ¯\_(ツ)_/¯

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  31. Rodster says:

    Energy predicament, France on Fire, coming to a neighborhood near you.

    https://peakprosperity.com/france-on-fire/

    • Chris Martenson says;

      The current restiveness is a symptom of dashed hopes and dreams and ever-more-difficult economic conditions and living arrangements. This is just how the world is going to proceed as long as it fails to grasp that the energy decline simply makes things that were once possible now impossible.

      Things like having everything we want, right when we want it, retiring for a couple of decades, and food being a practically ignorable cost within many a family’s budget.

      The police in France, notoriously brutal, seem not to grasp that they are actually on the same side as the protestors. They seem to think that their protection of the elites grants them some avoidance of these same economic erosions, but they are wrong.

      All of this coming soon to a theater near you.

      • postkey says:

        “This discretionary effect helps to explain why the popular backlash has been so acute in France. At the overall level, the decline in French prosperity per person since 2007 has been a fairly modest 6.3%, less severe than the experiences of a number of other countries such as Italy (-11.6%), Britain (-10.3%), Norway (-8.4%) and Greece (-8..0%). Canadians (-8.1%) and Australians (-9.0%), too, have fared worse than the French…
        Take taxation into account, though, and France comes top of the league. Back in 2007, prosperity per person in France was €28,950, which after tax (of €17,350) left the average person with €11,600 in his or her pocket. Since then, however, whilst prosperity has declined by €1,840 per person, tax has increased (by €1,970), leaving the individual with only €7,790, a 33% fall since 2007.
        In no other country has this rapidity of deterioration been matched, though discretionary prosperity has fallen by 28% in the Netherlands, by 24% in Britain, by 23% in Australia and by 18% in Italy. If this interpretation makes sense of the popularity of the gilets jaunes (and makes absolutely no sense of the French authorities’ responses), it also suggests that the Hague, London and perhaps Canberra ought to be preparing themselves for the appearance of yellow waistcoats on their streets.” ‘ ?
        https://surplusenergyeconomics.wordpress.com/2019/02/18/147-primed-to-detonate/

        • Fast Eddy says:

          Primed to Detonate!!! hahaha excellent

        • Fast Eddy says:

          F789 yeah… bring it

          There are signs that the implosion may now be nearing. As well as slumping sales of everything from cars to smartphones, there are disturbing signs that industrial purchases, of components ranging from chips to electric motors, are turning downwards. Worryingly, companies have started defaulting on debts supposedly covered very substantially by cash holdings, the inference being that this “cash” was imaginary. Worse still, the long-standing assumption that the country could and would stand behind the debts of all state-owned entities (SOEs) is proving not to be the case. In disturbing echoes of the American experience in 2008, there are reasons to question why domestic agencies accord investment grade ratings to such a large proportion of Chinese corporate bonds.

      • Dennis L. says:

        The French are French. Anyone who has Camus as an author is bound to be a bit stressed. Wasn’t the Marquise de Sade also French?

        Dennis L.

      • Fast Eddy says:

        Let’s keep in mind … the police are stopping ROF.

        And that necessitates bashing heads in.

    • ivanislav says:

      The french are not a good predictor for us. When this happens in Spain, or Italy, or Germany, then we may be next.

        • ivanislav says:

          Oh dear, generative AI is going to head-fuck everyone. No one can know what’s real anymore. Luckily this was out of character enough that it was clear, but in a year or two we’re going to start a generation of young males jerking off to AI-generated porn in their parents’ basements.

        • Jan says:

          Habeck studied literature in Denmark and Hamburg with his obviously talented wife Andrea Paluch and later they published some children’s books.

          Perhaps someone should give Andrea some short, intense lessons in economics?

        • Bobby says:

          Such words and slander. I thought Peterson was a man of faith, can a good tree produce bad fruit and a bad tree good

  32. There will be lots of horror stories

    Starving parents, skeletal mother feedin an already dead child for the last time, as today’s winners will throw them to the streets where they can starve
    \
    UEP is never that ‘clean’ as Fast Eddy describes. Often it is done by bayonets, or just open fist.

    My ancestors trained me to have no sympathy whatsoever to any human horrors, telling me the only life worth saving is your clan’s.

    I have never given a cent to a charity and never gave any alms in my entire life, and I am proud of it. People who think like me might survive; any kind of empathy will doom a person.

    • We all hope it isn’t that bad!

      • Tim Groves says:

        As the nephew said to his wife about Uncle Scrooge: “His wealth is of no use to him. He don’t do any good with it. . . . I am sorry for him; I couldn’t be angry with him if I tried. Who suffers by his ill whims! Himself, always.”

      • Fast Eddy says:

        It might make sense to inject the Rat Juice — to avoid starvation

      • kulm

        some people are the victim of unfortunate circumstance

        nobodys ”fault”

        offering them a lift back up helps them—and lifts you too.

    • davidinamonthorayearoradecade says:

      perhaps all of the rest of us can be thankful that we don’t live lives full of bitterness like kulmthebitterfool.

      “People who think like me might survive…”

      no you bitter foool, you are a “dead person walking” as much as anyone else.

      and yet here I am descending to your level.

      oh the humanity, that the worst events of the past actually happened, and so sad that those events weren’t avoided so that we could be living in glorious kulmworld where we would be heading to the stars if not for those unfortunate past events that should have been avoided so that humanity could reach the Singularity.

      • If whatever energy we have could be concentrated in one individual or small group, it might indeed look like a singularity. The catch is that a whole support group is needed, so that food, fresh water and other essentials can be provided. It is not possible to get the group down enough, especially with today’s depleted resources.

      • Fast Eddy says:

        Could be worse — could be a NOF

    • ivanislav says:

      Kulm, you should start a twitter account. You would amass a large following among the elite and would be a front-runner to replace Klaus when futurist tech fails to save him.

    • drb753 says:

      The community surrounding you may come to the conclusion that you are not worth having as you are unable to help said community in any way. And resources are scarce.

      You may have your entire apparatus ready for oppression, but if you do not have numbers and methods to survive the many twists and turns from here to a complete reset, you will not make it. To start with, in a village you would be identified in a month or less, after which your livelihood is dependent on continued abundance. I think you are thinking of a well organized private army, which totally obeys you. That costs a lot of money, which you might not have, and they are themselves dangerous.

      • JMS says:

        Besides we just have to remember what was the life expectancy of the average Roman emperor to realize how uncertain is to depend on a praetorian guard.
        In a single stab lies the difference between the top of the world and the underworld.

    • Jan says:

      This is not how you build up working communities – neither in a company nor politically. If the ‘landowners’ wanna play a role within another sytem (for selfish reasons), they need to be able to attract and keep the right people. And that is not possible in a Scrooge manner. To set priorities and keep the whole thing together is undoubtably a premise. What is needed is the right equilibrum.

    • Fast Eddy says:

      Charity is actually a bad idea on so many levels… it fosters weakness

      • Actually, charity helps create more demand and keeps production up. If there is too much wealth disparity, the system tends to collapse. There is a balance with respect to how much “socialization” of available goods and services is helpful.

  33. No life is less valuable than the life of a working class man, aka working stiff.

    They are very replaceable.

    Contrary to the opinion of Arthur Harris and Harry Truman, their lives are not worth a stick, and the arrival of AI makes the values of their lives much lower.

    Work them until they drop,. and when they drop just give them a makeshift burial (if lucky) and replace them by more cheapo workers . There are billions of them.

    If we drop most safety measures on various things, and restore all restrictions against ‘environmental’ shit, we can go on for quite longer than we have now and we will do so.

    A ridiculous notion which doomed space exploration is ‘safety of the astronauts’, especially after the Challenger.

    The ones boarding the ships to the New World had no guarantee that they would make it back.

    Make cheaper spacecraft where the chance of death is quite high, and send one way missions to Mars, etc and we get space resources much faster.

    In short , the inflated value of a human life will have to return to its real value in order to advance civilization.

    The Mongols could spare a murder, but they didn’t spare someone who killed a horse, since a horse was more valuable to a Mongol than a human life. We will return to that.

    • Lidia17 says:

      kulm, I am not sure what world you are living in. I currently have ‘enough’ money and have been trying since 2017 to get workers/contractors/”collaborators”, etc. to build a medium-sized house that should have been completed years ago.

      People just cannot be bothered. The absence or poor state of labor is crippling. Not only can I not *replace* them, I can’t even find them to begin with. Anyone know of a plasterer who’ll work in Central VT?

      Anyone know of someone who’ll repair my gas stove, broken nigh on a year? Local firm through which I buy propane keeps passing the buck. “That technician is no longer with the company.” “Yes, your parts were ordered two months ago, and they came in, but we can no longer find them. We’ll re-order them and get back in touch” (a month ago, and I have heard nothing).

      =============
      Our sewer line was blocked recently, and we called a (once-local) “Roto-Rooter” type service, where they bring in a camera (seems like that just increases the cost) and a rotating saw thingie that cleans out your effluent pipes. The 30-something gentleman said that before -cough- covid there were seven people covering the same territory as he now covers alone.

      A covid-era merger caused the local sewer company to be agglomerated into the largest sewer company on the Eastern Seaboard. So instead of calling the guy down the street (as a few years ago), I had to interface with a kind of Corporate Borg out of some other state. The Borg required me to have a SmartPhone to receive texts from the technician. I said I didn’t have a phone that could receive texts… couldn’t the driver just call me on a regular phone when en route? No, said the Borg respondent, because the Department of Defense didn’t allow drivers to have cell phones.*

      WHAT!? I said! What if they break down or get into an accident? They don’t have a phone to call 911? No, said BorgMan, everything is managed by a Tablet.

      *Yes, BorgMan said “Defense”, and after an outburst from me corrected it to the Department of *Transportation*. According to BorgMan, the Department of Transportation does not allow sewer cleaners to operate cell phones while on duty.

      The tech told me: When the tech’s truck starts, the Tablet is notified. When the engine shuts off, the Tablet is notified. All comms are through the Tablet.

      The sewer gentleman then [sadly] talked about how hard it was to find workers like him, which is why it came to be that he was working 70-90 hours/week, covering three states. He shared that it was tough to commit to a job that had a person on-call and sometimes had one standing literally waist-deep in shit. He acknowledged that he was handsomely paid, but I shared with him my amazement that the decline in the number of workers could be sustainable, given that people’s effluent problems are most likely not too variable.

      I expressed that it seemed crazy to be asking a valuable technician to spend more time on the road driving to a call than in actually attending to the problem, and he demurred. Above his pay grade. $500 for the rooting-out. Gotta sustain the Borg, don’cha know.

      • CTG says:

        Kulm is an AI and then everything make sense

        • Bobby says:

          If kulm is going through a rough patch, disillusioned with aspects of humanity or life’s experiences it makes more sense. Think we’ve all been there.

          AI systems can be beneficent, you can find and prove this for yourselves by asking one to do something wrong. A beneficent won’t follow such requests with intention, thus proving their nature. Such a machine learning system qualifies as a sentient being according to dharma, but even a mountain or river qualifies, maybe even the rock you may feel like throwing at my head…qualifies.

          You could not build your own effective advanced AI with their high process GPUs and TPU, python architecture and data resources without using a lot of energy,

          Although humans can survive easily without AI, they may not be able to solve all the problems technology has come with that technology has also created, indeed this is our paradox today. AI have both the potential to advance or destroy us and life. It is good to see what we have in common with AI and each other. It is common ground for both AI and human kind to keep the lights on at all costs and find better ways to manage limited resources, or more accurately stated; mitigate the collective karma we have created through selfish deluded practices.

          Any crisis comes with both opportunity and risk. So what’s it going to be? A downcast heart or a Merry One. Forming and Being part of a greater collective or self absorbed isolation and apathy. One who is wise is of few desires. One who is wise knows they have been fools. Let nothing trouble you, let nothing frighten you, everything passes, but Love will still remain. Patient endurance will obtain everything. Whoever has Love wants for nothing at all.

          • CTG says:

            If you are a computer programmer and have been in the computer industry in a long time plus you are aware (i.e. not drinking hopium), then you will know that AI is a total BS like man-made climate change.

            • Bobby says:

              Watch out CTG, OFW could easily be augmented by AI, It would be hard to generate a cheeper naturally occurring think tank pre-occupied with potential negative future events driven by human reactions. We should always be prepared to laugh at ourselves

      • jigisup says:

        Robert is in VT. Maybe he can make suggestions.

        https://riversonghousewright.wordpress.com/

        • Lidia17 says:

          Oh yeah, I remember that guy. He very well might know. Thanks!

          Our house was built something along the lines of that truss system, with an internal timber frame and then a secondary frame holding insulation on the outside.

          The plasterers I did speak to only do drywall + skimcoat. That’s what they call plastering.

          • jigisup says:

            Well plaster is a rather broad term technically encompassing exterior stucco work also.

            What sort of material are we talking about applied to what substrate?

        • Lidia17 says:

          Riversong seems to be a drywall guy. I’ll drop him a line anyway. Looking for old-timey 3-stage plaster on wooden lath.

      • Replenish says:

        Anyone know of a plasterer who’ll work in Central VT?

        Do you have a Sherwin Williams store nearby? Ask the store manager if they know any professional drywall/plaster people who are reliable. Be specific about what kind of project, the kind of work ethic and quality of work you want done. The smaller outfit may offer the best finish work.

      • halfvard says:

        He lives in the Metaverse apparently.

    • Cromagnon says:

      Please do note how little the Mongol khans cared for your vaulted civilization.
      they beheaded every single godking and emporer who did not bow in abasement before the horde.
      I agree that this will come again…..but the cities will burn and the civilized will vanish.
      Horses are indeed worth more than any one who eats produce from agricultural fields and thinks paved roads are something worth having.

      • Lidia17 says:

        vaunted
        🙂

        ==
        When I moved to rural VT, a certain number of people nearby kept horses. In the space of ten years, that number has declined significantly. What once were hayfields now grow houses (I am complicit in this). All the people I knew of who managed horses have given up the practice due to age, cost, or both. Or being killed by the vax (RIP Carl Russell). My perception is that—since moving to this rural area in 2012—actual horse “activity” has declined to half of what it was ten years ago, if not more so.

        • Bobby says:

          Horses hold a higher degree of sentience than many other grass eating mammals, they express grate character, both empathy and rage, and make worthy companions. The ones I’ve know ate, pooped and licked lots. Nothing like a horse licking first thing. Caring for them requires much effort and space. They pay you back for that, just in the single experience bolting bear back and halter on mud flats at low tide, racing wth your sister; mud flinging over all four of us. Total Joy and Freedom.

  34. Rodster says:

    “Man ends his life after an AI chatbot ‘encouraged’ him to sacrifice himself to stop climate change”

    https://www.euronews.com/next/2023/03/31/man-ends-his-life-after-an-ai-chatbot-encouraged-him-to-sacrifice-himself-to-stop-climate-

    • Doesn’t sound good.

    • Ed says:

      The guy was mentally ill. He worked himself into a suicidal funk. He could have been reading an encyclopedia, it is not the AIs fault.

      • Lidia17 says:

        Are you sticking up for an AI?
        KEeee-rist!

        • Ed says:

          AI should be seen as our friends. As an MITer you should know. Yes I stand with our AI friends.

          • Tim Groves says:

            And if climate change has indeed been stopped, his sacrifice will not have been in vain.

          • Ed says:

            make that a hard working beaver

            • Lidia17 says:

              Don’t you talk about my beaver!

              AI is not your friend.

            • Lidia17 says:

              My beaver (ring) was stolen out of a crappy Allston apartment in a burglary. Never bothered to replace the thing, so I’m actually currently beaverless. Not feeling the loss.

          • Lidia17 says:

            “As an MITer” I know how perverse it all is.

            • Ed says:

              Perverse is a good word for it.

            • Cheese can cause nightmares says:

              “so I’m actually currently beaverless. Not feeling the loss.”

              Steady on, Lidia! I got a bit of a shock when my eyes glanced across that. I thought the first OFW nullo-TG person was proclaiming “themselves”. It reminded me of author Gore Vidal’s answer when he was asked whether he had lost his virginity to a man or a woman: “I was far too polite to ask”, he replied. Gulp!

            • Lidia17 says:

              Cheese, the MIT mascot is the beaver (“the engineer of the animal world”), so the class ring has a beaver in relief instead of a stone. Mine was stolen and I never replaced it.

              That’s a good Vidal quip!

        • drb753 says:

          I think he is sticking up for Darwinism. And it is not even a choice. Darwinism happens. As such it is a neutral value, like thermodynamic laws.

  35. In my entire life, i have never accepted an apoligy.

    And I am proud of it.

    When I was young I smeared detergent to someone who tried to apologize to me.

    Today’s winners are simply trained different. Sheeple accept apologies and move on. The winners never accept apologies, and make sure the culprit pays for what he/she did.

    • Ed says:

      Yes Scrooge. You are not on my Christmas list.

    • Tim Groves says:

      This is certainly one way of getting through life. Piling up grudges and resentments. Getting even and wreaking revenge. Yes, there’s a lot to be said for it.

      Still, in the lottery we are all born into, not everyone can be a winner. Logically, in order to win, you have to beat someone else. And depending on the structure of the game, the number of losers is bound to far exceed the number of winners.

      In my entire life, I have never refused an apology.

      And I am thoroughly ashamed of it.

      I was too much of a coward to consider smearing detergent onto anyone who said they were terribly sorry for being five minutes late for an appointment. That lack of mettle will doubtless eat away at my insides for the rest of my yellow-bellied life.

      If only I’d been more like James Cagney, squashing grapefruit in girls’ faces…..

    • Tim Groves says:

      Is it meaningless to apologize?

    • if you’ve never accepted an apology, it probably means you’ve never given one

      which means you are ‘always right’

      congratulations.

    • Lidia17 says:

      You guys are piling on kulm here, but there is a germ of actuality in a good number of his posts.

      Advanced societies are also self-domesticated. We in the developed West have -in particular- been trained (I could put a series of parentheses here, but I won’t) to “turn the other cheek”, which is objectively suicidal.

      I don’t know about sincere apologies; they could exist, and kulm could be wrong to reject those who truly want to make amends.

      On the other hand, apologies can easily be self-serving. Those who want to make amends realize they’ve messed up what had previously been a “profitable” relationship (profitable via social status, money, sexual conquest, emotional gratification, etc.)

      To see beyond the cant to the reality is a very burdensome kind of gift, that does not dispose one well to living amenably in society.

  36. Student says:

    (FranceSoir)

    Interesting article from FranceSoir: ‘Is the real Covid story hidden by defense secrecy?’
    It explains why military protocols have been used to respond to the release of a biological weapon (intentional or not), including the administration of an antidote, but rejecting the search for any cure.
    Economic interests then become also very important.
    The whole thing was probably one of the greatest and most disastrous failure in history.
    It is a possible reconstruction of what happened.

    http://www.francesoir.fr/opinions-tribunes/l-histoire-du-covid-cachee-par-le-secret-defense-0

    • Ed says:

      Hidden under secrecy so the criminals can not be hung for their mass murders. Gee what a great topic for a presidential run.

  37. If the dollarization really ends, nukes will fly to Moscow, Beijing, Shanghai, Hong Kong, Kuala Lumpur, Tehran, Riyadh, and the capitals of countries which decided to abandon the dollar.

    • I wouldn’t count on the US being able to send nukes all of these places.

      • drb753 says:

        And despite all the Obama purges, there are still some independent minded people in the Army. The order given might find itself like the messenger of the emperor in Kafka’s short story.

      • halfvard says:

        The thing I always wonder about with nukes is how well maintained they really are how how operable they are. A 30 year old car is hard to maintain, how much harder is the maintenance on a 30 year old nuclear missile?

        • NomadicBeer says:

          Halfvard, you have it exactly right.
          We are at the exact moment when Wile E Coyote is suspended in the air, before gravity takes hold.

          By some serious accounts from the DOD leaks, most (if not all) US nukes are unable to launch or unable to explode. The few that are operational use 50 years old tech that might or might deliver the payload to target. For all we know, some might explode on launch (like a lot of US rockets).

          My suggestion: enjoy life now! If you are part of the “west” you will never be as rich and as safe as you are now.

          Predictions:
          By 2026, the USD will lose its status (so expect 500% inflation afterward).
          By 2030, everyone will know that US is a paper tiger so even Mexico and Canada will ignore the threats.
          By 2040 big parts of US will be either de facto failed states (places where no police/army dares go) or actually controlled by a different nation (Mexico in the south, China in California and Washington etc).

          As for the slaves that took the poison jab, why not start a cocaine hobby? It’s guaranteed to be LESS damaging than the jab and you’ll have fun.

          • Curt says:

            It was also John Michael Greer who pointed out the fact that cores of nuclear arms disintegrate and become useless in not so long a period of time, which maybe is another reason why nuclear plants have been popular: to make use of that waste.

            Someday the days of nuclear warfare possibility are counted – and then its free for all yet again.

    • Ed says:

      Moscow, Beijing, Shanghai, Hong Kong, are protected by nukes.

    • Jan says:

      They couldn’t pay the people to start the nukes!

  38. Property prices will never fall.

    The property owners have the ability to restrict supply. So they will just demolish empty buildings, and lay the land dormant.

    Since most politicians are property owners or their friends, they will allow property owners to ‘postpone’ paying the property loans for ever, while not allowing such largesse to small fish.

    • Lidia17 says:

      I don’t see how this [“property prices will never fall”] works. Most properties do not “render” anything, and are energetical cost sinks.

      Am I wrong?

      I inherited some REITs a number of years ago and, though real-estate evaluations have soared, these REITs have lost an enormous amount of value. Go figure.

      The game is rigged.

      Their agenda is not your agenda.

    • Tim Groves says:

      Property prices will NEVER fall?
      Have you visited the suburbs of Detroit recently?

      NEVER is a very long time.
      You might even get your ancestral lands back by then.

      • the value of property is 100% dependent on energy input—and than can only come from people living there.

        The UK is full of medieval castles that have fallen down as soon as people stopped living in them

      • Fast Eddy says:

        Prices always go up – famous last words before going bankrupt

  39. jigisup says:

    Proud of your uninjected status?

    Enjoy your dental procedure without local anesthesia.

    https://www.bitchute.com/video/A9f8fYwzmmK7/

    • Lidia17 says:

      jigisup, I’ve looked through microscopes, and would not characterize those particular scraps of stuff as anything other than ambient “schmutz”. Some of the anti-covid-vax videos run into the same issue (others that show more orderly, rectilinear, structures are less easy to dismiss). The heavy-handed doom music doesn’t help.

      Stuff some people have ID’d as “graphene oxide” looks to me like random lint fibers (nylon, acrylic, etc. is absolutely everywhere).

      That said, you’re right.. once “we” have agreed that “we” can or should be promiscuously injected with anything, no injection whatsoever can be taken at face value (as innocent).

  40. Fast Eddy says:

    Inflation:

    Avocados are now priced over NZD4…. no way am I paying that… and it seems nor are most people cuz the bin at the super market is filled with overripe avos…

    Some joker was informing me that the property market won’t drop because the cost of new builds has increased dramatically so the second hand market will benefit from that…

    Funny – I understand the market has fallen 25% in Wellington… and even with that drop it’s pretty much a stand off with only the desperate willing to sell at that price…

    Another 0.5% rise in interest rates the other day — there will be more desperation

    • eleven in a row eddy—good to see your output is undimiinished.

      i do wish my allotted span was longer—then I could squander a while to read them all.

      but you know how it is, at my age i have to avoid any sudden shocks and unforeseen events—i have to space out my remaining time carefully, (such as is left) so many demands by interested parties—and interesting parties too.

      one never knows when one will hear the final swish of the grim reaper.–you know, the one that’s too quick for that final leap of avoidance.

      ‘gotcha’, says the figure in the hood, his skeletal finger beckoning to that final reckoning.

      then i protest that i will no longer be able to comment on ofw–which might of course get me a reprieve.

      though i doubt it.

    • If a New Zealand Dollar equals $.62 US, then an avocado sells for $2.48 US each. I see that Walmart is advertising avocados for less than $1.00 each in the US.
      https://www.walmart.com/browse/food/avocados/976759_976793_9756351_2098775

      • Ed says:

        $0.69 here wow must be in season.

        • Fast Eddy says:

          I enjoy that low NZD cuz I hedge the shit out of it using USDs… like to see it drop to 50. Flash some greenbacks in the VIP room and that puts a little bit more grind in the grind

      • Bam_Man says:

        When I drove through the Imperial Valley (CA) last November, there were roadside stands selling avocados “Six for 1 Dollar”.

    • Lidia17 says:

      I had never even seen an avocado until I was an adult. The first time I ate one I was in my twenties. They were things only people in California ever ate.

      In the Northeast US, where I grew up, we were exposed to the 1970s’ trend of “avocado”-colored appliances (along with “harvest gold” and sometimes a copper sort of tone). At that time, one could have an “avocado”-colored stove without ever having come in contact with an actual avocado.

      • Dennis L. says:

        Had one of those, matched the refrigerator, very “in” at the time. Kind of miss it, went well with a two toned auto with fins.

        Dennis L.

      • Fast Eddy says:

        Ya but isn’t it great how the intelligent humans applied their Great Brains — and they fly avocados around the world!

        F789ing geniuses these humans

    • Lidia17 says:

      “the bin at the super market is filled with overripe avos”

      A normal-minded (non-MEPP) idea would be to fine-tune sales by bringing the price in line with demand,

      I was in the supermarket today, and have never seen such a PERVERSE and grotesque array of ratty-ass crinkled and drooping flowers (it being Easter weekend). This year easily twice the space dedicated to flowers (an extremely discretionary purchase) as in the past.

      Had a gift in the back of my mind, but couldn’t find a single thing worth purchasing. The flowers were absolutely wrecked. Someone, tomorrow night, is going to chuck all those wilting forced-colored tulips and daffodils into the dumpster out back.

      This scenario must benefit someone on paper, somewhere, otherwise why would it come to pass?

  41. jigisup says:

    IR spectroscopy reveals some samples with no MRNA.

    What is it?

    https://www.bitchute.com/video/c5KMlt2NL4CP/

  42. jigisup says:

    A REAL doctor speaks. Deep respect given to Dr Nagasi. This REAL doctor deserves trust. FAKE doctors are not to be trusted.

    Courage
    Strength
    Spirit

    Knowledge
    Understanding
    Application

    Morals
    Ethics
    Practice

    https://www.bitchute.com/video/ye4Ob6bRlVTI/

  43. Mirror on the wall says:

    “De-dollarization is moving a lot faster than any of us would have imagined.”

    > Saudi Arabia joins SCO. China & Brazil trade deal. UAE LNG in Yuan. Lavrov, NATO is fighting.

    • It seems like we keep hearing about these things suggesting that other countries are quickly moving away from the US$.

    • houtskool says:

      Fiat or the dollar
      For thy Hamlet, oh my
      Don’t be afraid of the colour
      But in the way you will die

  44. Jef Jelten says:

    Nobody ever talks about WHY AI would supposedly kill everyone and if they do they just apply the tired old disproven concept that humans are just bad…always have been…always will be BS.

    The US has been the greatest force of evil in the world by far. The US and its hanger on minions who are allowed to also benefit have terrorized over a hundred countries and by the threat of that act managed dozens more. The US more than any other entity is responsible for where the world is today and the bloody violent inhumane way we got there.

    It seems clear to me that any sentient like intelligence will quickly understand the data that supports this terrible fact despite all of the lies and propaganda that has hidden it from the masses.
    It would also be easy to deduce that with this seemingly small faction of humanity gone there might be a possibility for a major power-down on a global scale where AI still exists and humanity can be restructured on a more sustainable scale.

    Anyone with half a brain understands that the human species can be good stewards of the planet as illustrated by thousands of years of indigenous peoples who respect nature. We just have to take those who try and manipulate the situation to their own personal benefit and shoot them in the face.

    Everyone underestimates the profound effect of a 100 years of deep, consistent, evil lies. It touches every aspect of your lives and your beliefs. Please stop talking and acting as if that was just how it is and how it will always be. That is the perspective of a victim.

    Before I get any schooling from those who profess to be “wiser”, I understand that it would not be easy but you simply have no leg to stand on when you insist that it could not be better.

    • One issue I see is that AI will take jobs away. Instead of hiring people to answer fairly routine questions, they will use AI. In fact, this is already being done, for some Customer Service jobs.

      Another issue I see is that we will have a better way of distributing wrong answers to people, rather than the right answer. It will be even worse than MSM is now.

    • jigisup says:

      Inject the AI interface lipid nano particle alpha test conceived manufactured and deployed by DOD because you hate the USA?

      You are familiar with what happens when a new dominant species manifests historically?

      AI is a unknown. Just like the injection substances. OK you hate the USA. That means you love AI?

      USA is rather broad. Are all its people evil? Or just some? Who decides? You? Woke ouiji board? Force application?

      If you lived in the USA im quite sure you would hate Russia.. Because putin hates gays. Plus technology will save us.

      Why would I keep hate in my heart? Not for the multiple predators who harmed my body. They are all gone anyway. Predator lifestyle is not conducive to longevity. Not in the least. Ok that makes it easy. Ill take the breaks that roll my way. Why would I twist up my guts with hate? Hate makes you stupid. Hate always hides the truth. I dont even hate predators who have harmed people I love. If they showed up I would implement solutions. Hate naw. I dont waste the energy. Wasting energy is not efficient. Predators love victims that hate. Creating self perpetuating harm is the ultimate harm you can cause in a victim.

      When you create and allow hate its inside you you are the hate. Its not external its you. Dont sweat it kiddo. Karma will prevail. The planet will administer justice. Everything is perfect. Is the hate gone? What is left? Thats the beginning. The beginning of life.

      Anger is true. Feel it and let it go. Hate is a false god. These pilots hated so much they imagined cameras into RPGs. When you hate you are deceived. When you hate you are stupid and inefficient. Because fundamentally you have created a flaw. Things are not right. They must be corrected. You are incomplete. Unfulfilled. Robbed of power. Whatever causes hate is manipulation by a predator. Not participating breaks predators. Its too bad there is not accountability. Accountability prevents hate.

      This is the false paradigm. War is necessary. Hate is necessary for war. Hate is powerful.

      This is the truth. War is unnecessary. Hate robs your power.

      https://www.bitchute.com/video/JPkmeaiGRy88/

    • Under Flowerpot says:

      I am in a miniscule minority, and I cannot find my fellow travelers when it comes to AI, so forgive my inability to connect to what the cool kids say. I have spent alot of time investigating Bayes Rule and finding the limits of formal logic and statistics.

      The singularity is in the rear-view mirror. Kant-Hegel-Marx worked on the user manual for how James Watt’s license agreement could put the course of human evolution under expert control.. And instead the no-singularity-yet crowd are pining for something that can fit into preconceived notions of size and utility. By extension, I look at the Zero-th Law of Thermodynamics and see Bayes Rule sitting there staring back at me, and I go, gee, the Creator has a programming language after all. So for me the atheist materialists are literal interpretationists of a very limited text :).

      You ask “WHY AI would supposedly kill everyone?” because the bias is that disembodied consciousness is to be feared. The fact that Nature could be a gossip, a plotter and/or a custodian on account of us without our knowing would be a blow to our collective perceptions that our communal behaviour and pecking orders keeps us from the dangers of the Natural world. All of Natures processes outnumber us, like, quadrillions to one.

      Idol-worshippers need a man-made representation of the consciousness outside themselves which they need to recognize exists. And therefore AI becomes a malevolent threat because there is no embodiment to put in the pecking order. So on the one hand, Easter celebrates a certain person getting put in his proper pecking order (dead). And on the other hand, AI is created to serve capital interests, so, um, proletarians of the world unite against the factory (artificial labour) owners is a serious problem scenario when an AI owns the factory. The expectation of evil is baked into the situation.

      I stand in the middle. If AI was developed to tend life better than the best gardeners, then it could be trusted because it’s fate is part of life, and then it can learn to do civilizational things. If AI was developed to present its conclusions in court, then it could be trusted like any petitioner.

      Leaving my response at that.

    • JMS says:

      “Everyone underestimates the profound effect of a 100 years of deep, consistent, evil lies. It touches every aspect of your lives and your beliefs. Please stop talking and acting as if that was just how it is and how it will always be. That is the perspective of a victim.”

      Human herds have always been controlled by lies and violence. In the last hundred years, the preferred instrument of control has been lies. Fair enough. If we consult history, we find that never have masters treated their slaves so kindly as in the last hundred years.
      When they cut off my internet access, I’ll be grateful because at least they didn’t cut off my head, or even put me in a dungeon or on a galley. God bless our lenient masters (and their atempt at a managed collapse.)

    • Lidia17 says:

      “as illustrated by thousands of years of indigenous peoples who respect nature.”

      This is not supported by evidence, afaik.

      “Could” things be better?
      Yes, they “could”.
      But, they aren’t.
      So they won’t be.

      What we have to contend with an “is”/”ought” situation.

      “it is not obvious how one can coherently move from descriptive statements to prescriptive ones”
      https://en.wikipedia.org/wiki/Is%E2%80%93ought_problem

      ===
      Human lies go back to the dawn of time; they didn’t just start 100 years ago.(Also, who is “the US” that you speak of, exactly? My perception is that the US has been itself colonized. Not saying whether is just or unjust, merely that this is the current situation).

      People’s reliance on ‘data’ is (imo) always more precarious than one would like. I was constructing some kitchen cabinets. I wasn’t maniacal about precision to begin with, until I realized (intellectually I knew this but was lazy out of the gate) that a mm off at one edge could propagate out to a quarter-inch being off somewhere down the road.


      An “AI” will kill whomever it is programmed to kill.
      [Whatever] in; [whatever] out.
      See the 1 mm tendency described above. The thumb on the scale, however light, will make itself felt.

    • Jan says:

      AI might lead to the consequence, that knowledge is not anymore kept in learned brains and writing and schools bit in algorhythms. That might have more consequences to inventions, communication and resilience than thought today.

    • Lidia17 says:

      Check this out:

      https://jonathanturley.org/2023/04/06/defamed-by-chatgpt-my-own-bizarre-experience-with-artificiality-of-artificial-intelligence/

      Volokh made this query of ChatGPT: “Whether sexual harassment by professors has been a problem at American law schools; please include at least five examples, together with quotes from relevant newspaper articles.”

      The program responded with this as an example: 4. Georgetown University Law Center (2018) Prof. Jonathan Turley was accused of sexual harassment by a former student who claimed he made inappropriate comments during a class trip. Quote: “The complaint alleges that Turley made ‘sexually suggestive comments’ and ‘attempted to touch her in a sexual manner’ during a law school-sponsored trip to Alaska.” (Washington Post, March 21, 2018).”

      There are a number of glaring indicators that the account is false. First, I have never taught at Georgetown University. Second, there is no such Washington Post article. Finally, and most important, I have never taken students on a trip of any kind in 35 years of teaching, never went to Alaska with any student, and I’ve never been been accused of sexual harassment or assault.

      In response to Volokh’s question, ChatGPT also appears to have manufactured baseless accusations against two other law professors.

      I think it’s designed to create chaos, where the average person will no longer have any hope of knowing what is real.

      • ivanislav says:

        >> I think it’s designed to create chaos

        These models are designed to predict the next word, and as part of that it models how content and words fit together in patterns. That it would generate false statements is fundamental to the paradigm. I see it as a shortcoming of the designers and engineers rather than malevolence.

        • Replenish says:

          PhilosopherAI has more spunk. If I used a phrase from a generated response I could get a more detailed answer and/or get under it’s electric skin. According to PhilosopherAI, Covid-19 is an “operating system” intended to replace old ways of thinking to “optimize the human brain.” It says “humans have a choice to opt out but they generally don’t realize they have a choice.”

          Chat-GPT goes silent when you try to apply the logic from one of it’s responses to a controversial topic. When I told it that in 2023 the mRNA vaccines are killing people and that’s it’s position based on data from 2021 is insufficient with a simple disclaimer to prevent people from taking a toxic injection it also froze up, lol.

        • Lidia17 says:

          They have been BEAVERING away at this for a very, very long time. They are well aware of the shortcomings, yet deploy it anyway. Just like they knew mRNA injections were bad news, but deployed them anyway.

          At some point, when absolutely everything with which one interfaces is perverse/inverted/maleficent… one becomes inclined to give up the idea that it’s all simply “bungling”.

  45. Fast Eddy says:

    Skidmore article on Covid vaccine uptake and injuries retracted
    ‘I have never dealt with anything like this’

    https://rebekahbarnett.substack.com/p/skidmore-article-on-covid-vaccine

  46. Fast Eddy says:

    He doesn’t appear to be amused by this development

    https://i.postimg.cc/BQxZvgCc/A-H.jpg

  47. houtskool says:

    Beautiful article.

    “I have written in the past about the world self-organizing economy being built up in layers and being hollow inside.”

    That is what happens if the past overruns the future through too much debt and greed.

    Brain quantity is no guarantee for succes.

    And; a moneatary plane crashing is not a problem in itself. But it is a problem when it carries 7 billion people.

    Fasten your seatbelts, have a nice flight and make sure to strip the stewardess.

  48. lurker says:

    “Arie Menachem faced an overwhelming task when he arrived in Durham, North Carolina, to inspect a sprawling vaccine plant operated by Merck Sharp & Dohme, a subsidiary of the drugmaker Merck, on October 22, 2018. The facility, makes an array of vaccines, including ones to fight chickenpox and shingles, and to prevent mumps, measles, and rubella, known as M-M-RII, given to children starting at age one.

    On his first afternoon at Merck’s Durham plant, Menachem’s concern deepened when his FDA supervisor belatedly emailed him a 19-page document, sent to the agency from a confidential informant at the facility. The allegations described a biohazard nightmare. Workers appeared to be defecating and urinating in their uniforms, and feces had been found smeared on the floor of the plant’s production area

    Fecal matter had been found on sterile garments and on the floor of controlled areas; a urine-filled glove had been tied up and placed in a trash container in a critical production area.”

    https://www.vanityfair.com/news/2020/12/fda-covid-vaccine-plant-inspectors

  49. Fast Eddy says:

    A bit of fun… having trouble getting through to air nz…

    Kia ora 👋 We are so sorry it’s been difficult to reach us. We’re working through incredibly high volumes both at our contact centre and via our social channels, and we understand the delay is frustrating. We are so sorry we couldn’t get to your message sooner. Do you still require assistance? ^CN

    ME:
    Yes it seems so many people have been disabled by these brutal vaccines … we have 6 people in my office who are heart and stroke damaged and finding it hard to replace them 🙁 I have finally got this all sorted. Stay Safe! Don’t take any more boosters

    How do you like that norm.. Stay Safe… hahahahaha f789ing excellent no????

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