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A common belief is that if the world does not have adequate energy, the result will be high prices. These high prices will allow more fossil fuels to be extracted or will allow renewables to substitute for fossil fuels.
In my view, the real issue is quite different: Inadequate energy supply of the types the economy requires can be expected to affect the economy in a way that causes it to become “unglued.” The economy will gradually fall apart as infighting becomes more of a problem. Goods won’t necessarily be high-priced; many simply won’t be available at any price. Political parties will fragment. Conflict within countries, such as the recent Wagner conflict with the military leadership in Russia, will become more common.
It has become fashionable to use models to predict the future, but simple models do not consider real-world dynamics. They don’t consider the importance of already existing infrastructure and the types of energy products this infrastructure requires. They don’t consider the importance of continuing food production. They don’t consider the dynamics of “not enough goods and services to go around.”
In this post, I will look at some pieces of evidence that suggest we should expect the world economy to become unglued as limits are hit. A corollary is that we cannot expect a transition to a world powered by renewables to work.
[1] It is easy to show that the energy supplies of a finite world will eventually fall short.
Anyone can model the energy supplies of a finite world as a bucket of sand and a scooper. If the scooper is used to remove the sand from the bucket, it will eventually become empty. If we start with a larger bucket of sand, perhaps the process can be delayed. Or, if we use a smaller scooper, the process will be delayed. But the result will be the same.
Back in 1957, Rear Admiral Hyman Rickover of the US Navy gave a speech in which he said,
For it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today’s unit cost, are likely to run out at some time between the years 2000 and 2050, if present standards of living and population growth rates are taken into account.
In this speech, Rickover pointed out the importance of fossil fuels to maintain our standard of living and to win wars. It was clear to the military that fossil fuel energy supplies were tremendously important in preventing future problems for the economy.
[2] History shows that economies tend to grow and eventually collapse.
Economies tend to operate in cycles, as illustrated in Figure 1.
The eight economies analyzed by Turchin and Nefedov moved into a new area or acquired a new energy resource. These economies tended to grow for a long periods, well over 100 years, until the populations hit the carrying capacity of the available resources. These economies were able to work around these resource limits during a period of Stagflation, which typically lasted about 50 to 60 years. Eventually, the problems became too great to be overcome. A Crisis Period of falling population and GDP, lasting 20 to 50 years, typically ensued.
[3] The world economy today seems to be following a similar cycle based on its use of fossil fuels. In fact, we seem to be in the Crisis Period of such a cycle.
Today’s fossil fuel-based world economy started growing at varying times, in various places around the world, becoming well established by the early 1800s. It seems to have hit a Stagflation Period between 1970 and 1980. Recent patterns in oil supply per capita, interest rates, and debt levels suggest to me that the world economy has entered the Crisis Period of the current cycle.
To me, oil supply, particularly crude oil supply, is exceptionally important in keeping the economy growing because it is heavily used in producing the food supply and transporting it to market. In fact, it is heavily used in transportation of all kinds. We can see what is going wrong by looking at the trend in crude oil per capita (blue line on Figure 2).
On Figure 2, a line is drawn at 2005, when many people believe that peak “conventional” oil was reached. The line at 2009 points out the long-term slide in oil consumption per capita between 2005 and 2009, related at least in part to the Great Recession of 2008-2009. There was another steep drop in crude oil per capita in 2020, and this drop has not been made up. Cutbacks in drilling and low oil prices suggest that per capita consumption may never recover to the 2018 level.
US interest rates over time indicate a clear up and down pattern, with increases to 1981, and mostly decreases since then (Figure 3). Raising interest rates is like putting brakes on the economy because it makes monthly payments on loans higher. Lowering interest rates is like pressing on the accelerator.
The US was in a Stagflation Period after 1980. Lower interest rates helped push the economy along, at least until they could go no lower. The first place falling interest rates stalled was in 2008, when they hit zero for the shortest-term debt. About the beginning of 2021, interest rates started to rise, to try to stop inflation.
At the same time, the US’s ability to add to debt, except US government debt, seems to have stalled about 2008 and again in 2021.
The combination of Figures 2, 3, and 4 suggests that the world economy has been on shaky ground since 2008. The US economy has been operating with incredibly low interest rates. If the world loses the ability to hide energy problems behind ever-lower interest and ever-higher debt, (particularly government debt), many parts of the economy could start coming apart.
[4] The world’s total energy supply must increase at least as fast as population to keep the economy growing and away from collapse.
A couple of years ago, I did an analysis of the growth in energy consumption compared to the growth of population over the period 1820 to 2020. I found that when energy consumption was rising faster than population, there tended to be a rise in standards of living. When energy consumption grew only as fast as population, problematic things (such as wars and governmental collapses) tended to happen (Figure 5).
On Figure 5, the sum of red and blue areas represents world energy consumption growth by 10-year periods. The blue areas represent population growth percentages during these 10-year periods. The red area is determined by subtraction. It represents the amount of energy consumption growth that is “left over” for growth in standards of living. When growth in energy consumption was inadequate, wars tended to take place, and the collapse of the central government of the Soviet Union took place.
We are now at a point where energy consumption may decrease dramatically in future years, especially if we attempt to convert to a system based on intermittent wind and solar. The drop in energy consumption, relative to population, would likely be far worse than any situation we have experienced in the past. Besides being inadequate in quantity, wind and solar are not adapted to handling our most basic need, which is for providing the inputs farmers require to provide us with food.
[5] A key to understanding the role of fuels of the right kinds is understanding the physics-based way that the economy operates.
The economy is very much like the human body. The operation of both is governed by the laws of physics. The human body needs to consume a variety of food products. Alternative foods can be substituted, but the overall quantity of food needs to be sufficient for the population and their level of activity.
Likewise, the world economy requires a variety of energy products to operate. Substitutions can sometimes be made, but the overall quantity must be sufficient to support the activities of the economy, including providing adequate food and water for the population and ways to transport these items to the population that needs them.
There are other similarities, as well. Humans start out as small babies. Eventually, humans grow old. In the years leading up to death, they often become frail. The cycle downward at the end of an economy’s life is somewhat similar. Economies, even the world economy, cannot last forever.
[6] To build and maintain cities, it is necessary for energy to be easily storable.
In his book, Against the Grain, the American political scientist James C. Scott points out that in order for governments to grow and to provide infrastructure for cities, it is necessary to tax farmers. Grain is ideal for this; taxing a root crop such as sweet potatoes does not work well. Root crops are hard to see when they are growing. They also are harder to transport and store.
Clearly, farmers must have a surplus of storable energy to make cities and good roads work. They must be able to produce this surplus energy in a sufficiently profitable way that governments can tax it and use the proceeds for the benefit of the overall population.
I think that excess storable energy is the true “net energy” that some authors write about. A city cannot operate only when the wind happens to be blowing or the sun happens to be shining. Everyone would clog the roads at the same time, trying to get to a job that might last only a few minutes. Even today, if a city is to have electricity when it is needed, even in winter, there needs to be a storable supply of fuel to provide this electricity. Batteries cannot provide this level of storage; we would run out of materials.
Cities are essential for the sharing of ideas and for the operation of major industries.
We can have an economy of hunter-gatherers running on intermittent energy alone. We might even be able to have cities based on stored grain, as civilizations did in the past. But the population would need to be far less than today’s 8 billion.
[7] Both energy density and storability are needed if the world’s population is to be fed.
A farmer needs machines that are not so heavy that they will sink into the soil. Soil compaction is also an issue with heavy machines. If soil is compacted, water cannot make its way through the pores properly. Rain will tend to run off, causing erosion, instead of sinking in, to provide longer-term benefit. Soil compaction is already a problem with today’s large machinery. Less dense fuels, or the use of heavy battery packs, will make the problem even worse.
Energy dense fuel is also needed for the transportation of food. In fact, energy dense fuel, such as diesel or jet fuel, is used in nearly all of today’s very large vehicles. Heavy vehicles operated in situations that require very large bursts of power especially need energy dense fuel. Examples include semi-trailer trucks, buses that drive up steep hills, airplanes that need bursts of power to take off, agricultural vehicles that might get stuck in mud, and vehicles used in construction and road making.
Trains operating on smooth tracks, with limited gradients, don’t need the same bursts of power, so they are sometimes electric. Boats don’t generally need large bursts of power, but boats generally use an energy-dense liquid fuel to propel them on long journeys. Storing enough electricity in batteries to power such long journeys would be impractical.
The recently published 2023 Statistical Review of World Energy (now produced by the Energy Institute, instead of BP) shows that the heavier, more energy-dense types of burnable oil have been falling as a share of the world’s oil supply.
These heavier grades are the ones best suited to essential future energy needs, and they seem to be depleting the most quickly.
[8] Added complexity is deceptive. It looks like it can save energy, but it tends to increase wage disparities and makes the overall system more fragile.
Added complexity for an economy includes changes such as more built infrastructure (roads, dams, bridges), larger businesses, more specialization of workers, more international trade, and longer supply chains. It is easy for modelers to assume that these changes have no energy cost, but in reality, they do.
Changes enabling growing complexity go hand in hand with more debt and more financialization of the economy. With greater complexity, owners and managers of businesses, as well as highly trained workers, tend to receive a disproportionate share of the wealth. This means that little is left over for non-elite workers. These wage and wealth disparities lead to the unhappiness of the lower-paid workers. This is especially the case during economic downturns.
With added complexity, the system becomes more fragile. Supply lines become longer, so missing parts are more likely to be a problem. Repair parts for wind turbines may become unavailable, for example. The US grid would need massive improvements to handle the proposed increase in wind and solar power, and the demands of EVs. All of the simultaneous commodity demands may become too much for suppliers to meet.
Even changes in financial systems could be a serious problem. With the conflict over the SWIFT money processing system, will one group of countries start using a different financial exchange program, such as Iran’s financial messaging system SEPAM? Will Western nations find themselves cut off from purchasing inputs they depend upon?
[9] Modeling underlying the analysis for the 1972 book The Limits to Growth shows that (total materials required for reinvestment each year) as a percentage of (total economic output) is an important limit.
Somehow, the economy must provide enough goods and services both for the needs of the current members of the economy and for the investment needed to keep the system operating in the future.
The economy is squeezed in three different ways:
- The population keeps growing, and each person needs food, clothing, and a variety of services.
- Resources of all kinds (not just fossil fuels) become more difficult to extract due to depletion. More of the output of the economy needs to go into investment, just to get the same quantity of copper, lithium, nickel, and minerals of all kinds, including fossil fuels.
- With the rising population and increasing resource use, pollution becomes a bigger problem. Mitigation efforts lead to a need to use more resources to keep pollution away from humans.
To keep the system operating, we cannot spend very much on the combination of resource extraction and pollution control, or there will not be enough resources left to meet the needs of the growing population.
This combination limit tells me is that a rapid transition of any kind toward any new energy type, even toward the use of “green energy,” is not likely to work well. There is a reason why past transitions to new energy types have been very slow. The economy cannot invest enough without starving other parts of the economy.
Some people have interpreted this combination limit as an Energy Return on Energy Investment limit of perhaps 10:1, but it seems to me to be a far more serious limit than this. At a minimum, all types of resources, including those for backup batteries and additional long distance transmission lines, must be included in any calculation for renewables.
Also, to keep the system operating, any shift from fossil fuels to renewables cannot have a delayed payback period, relative to fossil fuels, or the huge up-front investment will become a problem. The up-front investment in renewables will be higher, but there will not be enough output to support the economy. The “real” economy does not operate on an accrual basis; people need to eat every day, and aluminum smelters expect to operate every day.
As I mentioned previously, renewables aren’t really helpful for growing food. Nor are reliable enough to power aluminum smelters, so there is a real issue as to whether they should even be considered as possible substitutes for fossil fuels. They are simply add-ons to the fossil fuel system to avoid having to talk about our fossil fuel supply problems. Reframing the issue as “wanting to move away from fossil fuels to prevent climate change” saves having to talk about the inadequate fossil fuel supply problem, and the fact that fossil fuels are what make today’s lifestyle possible.
[10] Energy prices must be both high enough for producers to make a profit and low enough for consumers to afford goods made with these energy products.
It is the conflict between the needs of consumers and producers that tends to bring fossil fuel energy production down. Consumers say, “We can’t stand oil (or natural gas or electricity) prices this high, and demand that politicians hold prices down.” In fact, this just recently happened in Australia with natural gas prices. Without an adequate profit motive, drillers cut back on drilling and production falls.
Renewables have gotten mandates and subsidies, especially the subsidy of going first on the electric grid. It is these subsidies and mandates that have made investments in wind turbines and solar panels attractive. Once governments have more financial problems and these subsidies disappear, owners are likely to stop making repairs to these systems. They will not last longer than fossil fuel-based systems, in my opinion.
[11] Conclusion: We are in uncharted territory.
I mentioned that the Great Recession of 2008-2009 seemed to mark the beginning of the downturn. More financial problems are no doubt ahead, but other kinds of strange events may also occur.
It seems possible that Covid, its vaccines, and the restrictions in 2020 may even have been part of the “ungluing.” Self-organizing physics-based systems act strangely. World oil supply started declining in 2019. Militaries around the world have been concerned about fossil fuel limits for many years. Militaries have also been deeply involved with germ warfare. Economies around the world were experiencing financial problems. The shutdowns conveniently reduced demand and prices for oil, while giving economies around the world an excuse for more debt. The problems were kicked down the road until 2022 and 2023, when they reappeared as inflation.
We can’t know what lies ahead, but it may be very strange, indeed.
this was so well presented ! as I say to my wife – “it is a good time to be old” thank you for your work !
patrick, youth is the most valuable of all commodities; time to fix mistakes as one agess.
Dennis L.
Oh to be 75 now… I am told that the body goes to pcs around that age… and life is not worth living …
Let’s see what The Great Corn-Hoolio is up to
https://i.postimg.cc/vmMMsRWM/Hoolio.png
Gayle, thank you for the fantastic article. It is very clear and understandable. I like the issue of food being addressed. We know that most revolutions only start when people can no longer afford food. Recent examples are the uprisings in Egypt and Tunisia. This will become a larger factor in the future, with our Western governments actively trying to reduce food production through the retiring of agricultural land here in the US, and the knock on effects of limiting FF energy that is crucial for the production of food. Food prices are going up in Europe, as a result of their disastrous energy and Russia policies right now.
We will all eat bugs and be happy!
Of course, Europe’s disastrous energy policies are simply the way the self-organizing system works.
UK broke off from the EU as one of the earlier pieces of the economy becoming unglued.
Europe’s leaders cannot explain what the real problem is today. Instead, they have had to talk about punishing Russia for its aggressive treatment of Ukraine.
Titanic 2
Rich People 0
“Unplugged” sort of goes along with “unglued.”
Gail, would encourage you check out the interview with Ross Coulthart on Theories of Everything youtube channel with Curt Jaimungel.
The mainstream media are not carrying the story of the millennia………..that we have extraordinary technology in our hands. The David Grusch story is extremely sound.
I am all about psyops and the desire of elite populations to control world activity……..BUT
This disclosure is real……the public must not allow these allegations to be brushed aside.
What reality really, really is may be within our grasp if we can just insist on legal disclosure through the US congress and through the 5 Eyes acknowledgements of unbelievable high level long term cover ups.
This story is bigger than oil decline even (and I have carried that flag for decades)
cro
BS
there is no ”big secret” thats being witheld from us
Norm, respectfully…..you are incredibly naive.
I wont even begin to relate the incredible lists of evidences and the obvious long standing attempts at subterfuge by upper level governmental/intelligence factions.
Go back to sleep,
cro
nobody can disprove a negative
i therefore ask you to offer ”proof” of your ”positive ”
Link I found:
https://www.youtube.com/watch?v=JM3kxeU_oDE
This seems to be a three-hour video relating to UFOs.
One of our local Canadian MPs (Manitoba) has sent a letter to Parliament demanding disclosure of joint US/Canadian retrieval efforts/successes and back engineering attempts. He has obviously had access to some higher level intel due to the wording in his letter.
The phenomena is burgeoning now and the public are enabled to capture the phenomena via cellular tech and other means.
Coulthart is worried that the mainstream media is fully co-opted due to their lack of willingness to carry this story and to press congress hard for full disclosure.
This is literally the biggest story in the modern era. It surpasses all others. If humanity does not force disclosure,……there are no words for the level to which we will fall.
//////The phenomena is burgeoning now and the public are enabled to capture the phenomena via cellular tech and other means.
Coulthart is worried that the mainstream media is fully co-opted due to their lack of willingness to carry this story and to press congress hard for full disclosure/////
just what phenomena would that be cro?
Private capture of metallic orbs by private citizens.
Long held knowledge out in public sphere of black projects within the five eyes consortium.
Repeated video capture numbering now in the thousands of metallic aerial spheres, discs, plasma orbs, rods etc etc by private citizens, public entities, military assets.
Open discussion by multiple military pilots and commercial pilots of bizaare, openly technologically superior constructs at high altitude, submarine environments, and near earth space…..
if you want an example of just how vast the documentation has in fact been in this century even in public sphere (eyes on cinema…youtube)……
It scares the crap out of most,…deep down there where the soul lies.
This world is not even close to what most think it is.
get back to me when you reach out and touch one cro
Here you go Gail, Unglued by Stone Temple Pilots(you won’t like it).
https://youtu.be/82mISY9AFW4
You should conclude your post with “Ball to the center”.
They got guns https://t.me/downtherabbitholewegofolks/80742
France doesn’t look like a place I would want to go on vacation.
Citizens must be very unhappy about the economy.
Cheap hotels!
And I do love a good riot… I wonder if whitey would be welcome though…
i’m sure you do eddy
just so long as you’ve got a safe bed to hide under
Norm, I agree with you space aliens good grief no.
Watering the tree of liberty.
A Muslim EU?
https://youtu.be/GzNMdbExiEE
RFK Jr. talking about dangers of Wifi Radiation and the radiation from cell phones (5 minutes)
I am wondering if this is part of how the self-organizing system works. To make it past this bottleneck, there needs to be more variation in offspring than has occurred in the past. It might be that this radiation will help provide this variation. (So will spent fuel plants that put off excess radiation.)
If more of the world population die because of this radiation, it could be argued that it helps the world’s overpopulation problem.
At the same time, I can see the point of not keeping your cell phone too close, especially for those of us beyond child bearing age. Talk to people using the speaker phone option, rather than putting the phone up to your head. Women should carry their cell phones in their purse.
Due to my bedroom facing in the direction of the nearest cell tower my router is in my bedroom. Rather than turning it on and off I put a metal slab (the floor protector of my upstairs wood stove, which I don’t use) on it every night. There are many molecular resonances in the 1cm range. Not much radiation otherwise here in the sticks, my phone can not work without wifi.
Back in the day … one of my shareholders was a high flying banker — I still recall meeting him in his giant office and him asking maybe 2 questions one of which was – how much do you need? And signing a cheque on the spot – then going back to his phones…
He was diagnosed with a brain tumour behind his ear a year or so later — the one he used to speak on his mobile phone (he was using one of those brick sized ones cuz this was late 90’s)… and dead within the year. Sucks for him cuz he’d just retired when diagnosed… the doctor told him they were seeing a fair bit of brain tumour action like this in folks who used mobile phones often.
And… he was gone
dont tell me eddy
vaxxing has faded–you need another axe to grind
now it’s phones and cancer
that should last till new year what’s next
can you give us some advanced notification eddy?
without a rantfocus—where would you be—have you got Ms Tenpenny on board with this?
Norman, where have you had your head buried for the last couple of decades?
None of this is new, although not listed in the sales brochure and certainly never revealed by the bbc, I thought it was common knowledge.
Here’s Dr Sharon Goldberg to start you on your education.
https://youtu.be/CK0AliMe-KA
Kennedy assassination and WTC isnt new either
but they keep getting regurgitated when the vaxarama audiences drop off
WTF are you going on about Norman?
Dr Goldberg was stating well known scientific data that has been collected for years, to a government committee. Nothing she says is in dispute. Why don’t you look up official safety guidelines, compare with the levels being introduced and then ask yourself the blindingly obvious question that raises?
You moan about Eddy, but refuse to accept well established data, because the bbc told you otherwise. Your no different from each other really(bbc and Stephen Christopher Yaxley-Lennon. Two sides of the same coin).
I’m disappointed Norman and seeing as you raised the subject, I’ll remind you of one of your favourite old sayings, “you can’t defy the laws of physics” which is exactly what NIST 2(and yourself) did concerning the collapse of WTC7. They denied there was free fall for years, then admitted there was 2.2 seconds of free fall(almost a third of the 7 seconds it took to fall into its own footprint). Given the laws of physics concerning momentum and resistance, how do you explain this?
Your a perfect example of system induced fear and subservience(don’t open the below link Norman, it might give you conflicting emotions, which could be dangerous, as you are very much an expression of your training).
https://expressiveegg.substack.com/p/i-am-security
No offence meant, but what a truly shit reply. As the saying goes, if you have nothing to say, say nothing.
ah no
i do not moan about eddy–i must correct you there.
eddy is no more than amusement—as one watches an unpleasant child trying to impress adults by using naughty words and writing them on walls—i can only suggest you read more closely.
You have never seen me use faux swearwords, no obscenity, no se xual innuendo of any kind, under any circumstances, —–that has no place in adult differences—no matter how heated,—think about that.
i don’t even think in cusswords, i like the english language too much to defile it
certain words have their place–then they are nice to use.
Eddys comments are regularly deleted, mine are not—think about that.
and i never complain–though you might take some comments as that—your problem
the wtc thing has been debunked too many times to go into again–if it isnt wtc–its some other fake, just too tiresome to get involved in.
When someone tells me Sandy Hook was a fake—that automatically dismisses all other ‘truth’ that’s offered.
think about that too
of course, the above might be ‘normal’ to you—which of course make me odd.
your problem
You forgot to mention that FE has 1500HP and he revs the engine regularly … leaving you in his dust…
And that FE would never go near something with a VD-filled Fester such as is on offer from SSS .. even if it was free. Gawd.. just the thought is ugh.
And of course we know Fast is not pushing 100 nor is his pick up line ‘so luv av you seen me rayburn manual? I wrote it’
Anyhow. I can’t think of any similarities
well eddy
in ten years of commenting on ofw
i have never uttered a single four number swearword (why do those word scare yu so much eddy–unable to use them in their proper context—-have you ever tried? They can be very beautiful used in the proper context—now that really would scare you wouldn’t it? too obsessed with fakery i guess)
I’ve never passed a se xual innuendo, or accused anyone of being a p’do, or written norty words in chalk on the skoolyard wall, (until teecher washes them off) or been obsessed with fakery (on every subject) or utter torrents of self obsessed BS, or revealed inadequacies and personal insecurities so clearly, or referred to myself in the third person.
Everything is archived btw.
Or written comments in batches of a dozen or more, obsessing about high intellect.
or As far as I know) had any comments deleted
does that put sufficient distance between us eddy?
As I said–one watches a child ‘s obsession with attention seeking with mild amusement—knowing the child will grow up
That doesn’t work when the child is an adult,—dunno how you can fix that. Any chance of growing up?
as i said—the amusement is ongoing. It is worth no more than that—most are deleted, I can open any one at random–knowing you will be obsessing about me—again.
I should feel flattered i suppose.–sorry i can’t reciprocate the obsession.—i have more interesting things on my mind.
Life must be very dull in NZ.–can’t you find real people to swear at—or might that result in a more physical reaction—wouldnt want to risk that–now would we?
I see no swear words… what the f789 are you on about?
If there was profanity the AI would block the post.
You have a dirty mind norm…
seems my summing up of you was correct eddy
Tell us your thoughts on blocking the sun to stop GW.
Gail, I had a similar thought a while back. Supposedly Musk, Zuckerberg and Bezos are all on the spectrum.
RFK Jr details the huge rise in autism, auto immune diseases, allergies etc in his Fauci book. The trend took off once childhood vaxxes got legal immunity and the schedule boomed.
What if childhood vaxxes have shifted the bell curve of abilities so that you get tons more autistic kids, but the payback is you also get more people at the genius end of the bell curve.
My son with autism is brilliant in many ways. He can read computer code very quickly. When he worked for the nearby university grading computer programming assignments for many classes of beginning programming students, he did it incredibly quickly. He could pick out which students had been cheating because he would remember which students used the same unusual approaches. He has been able to stay employed, much more than I ever expected. But he cannot drive a car. His attention doesn’t stay focused enough on the task.
let’s see if he’d be our Michael Burry and uncover the next massive short … and we can all pile in!
None of the people you refer to is a genius…
Bezos was a dorque who worked out that books would sell online …
Zuck stole the idea
Musk is the front man for the Deep State Energy Messiah Project
Do not = wealth with genius.
If that was correlated highly FE would be typing this from his super king bed in the 747 private jet with a dozen hotties making themselves available round the clock
Dear Gail, I think people are not really aware of the importance of energy in our life. I wrote a little book in Italian, commenting the speech by Hyman Rickover and making reference to your blog, but apparently there is no interest for it. Now I also prepared the ebook in English, available on line at the link: https://www.unilibro.it/ebook/giovanna-gabetta/the-energy-ostrich-e-book-formato-epub/42976344
This sounds like a great idea.
I have been told that the big issue with writing books is publicizing them and getting people to buy them. Also, people today want to sit and watch things on screens, rather than take the time to read a book.
giovanna
if you write a book advertising doom—it wont be a best seller
write a book telling the opposite, it will
just human nature
A while back there were headlines that a gene was discovered for mental bias toward pessimism and worry. It was a low-frequency gene, IIRC. That measure is surely overrepresented among this audience.
like everything else—you read what fits your perspective on life
hence there are more conspiranuts to the square yard on ofw–because they need co-support
ever the optimists in texas
https://www.thedrive.com/news/worlds-largest-gas-station-is-a-new-buc-ees-with-120-pumps
Thank goodness, that gene seems to go hand-in-hand with sarcasm and black humour!
…and vigilance, therefore survival, maybe if they can stop bitch’n about everything
To be honest I am somewhat optimistic. But I did something to preserve my optimism. First diet, then moving to a country where life has some appearance of normality.
The problem with northern hemisphere countries is they’re all getting nuked if it kicks off. Nobody is going to waste nukes on the southern hemisphere. I sort of want to build a bunker in the Sahara Dessert and wait out the madness.
Perhaps I am too optimistic, but my hope lies in the fact that there are too many cowards in positions of power. A settlement where the West descends into feudalism and the rest of the world does the best it can would, I think, suit most people with real power.
A lot of deep underground military bases were built by the current “elite”‘s antecedents, a group who had greater intellect and foresight than the current imbeciles running this circus. The current crop may just be dumb enough to anticipate emerging with greater control and resources after a nuclear exchange.
my hebrew teacher in seminary taught that you ONLY stoned the prophet if he said things were FINE and would be FINE in the future, and that didn’t happen. it makes for an interesting parallel, there are a number of revolutions/ovewrthrows of political systems that follow this. “let them eat cake”
human nature is what it is
impossible to resist it in any meaningful way
I discovered that textbook publishers absolutely don’t want books on doom. They want something that says, “While we have difficulties, they are solvable difficulties. There will be lots of jobs for you in the future. In fact, they will pay well.”
my own book proves that
Academic book publishers have a hard time selling many over 1,000 copies (especially for advanced subjects). Selling 10,000 copies is great.
Blog posts get much wider readership.
I am not concerned with book sales — nor do I give a f789 if folks end up in deep despair and seek the noose and a branch……
Ain’t no sugar coating … ain’t no hopium… total final solution doom for the 8B
Trust in FE to provide the truth
https://www.headsupster.com/forumthread?shortId=220
Congratulation Giovanna, sorry I didn’t know you.
Very happy to hear of you.
I will get into your works with pleasure.
About Italy I was only aware of Ugo Bardi’s works and also of Luca Pardi and Jacopo Simonetta’s works (who recently wrote together ‘picco per capre’).
Sorry if I suggest something without being asked, but have you already tried to propose your work to Comedonchisciotte, Luogocomune and Byoblu ?
These three blogs / networks are well followed, they present works which are distant from mainstream narrative and they may be interested in presenting your work…
All the best.
Great work as always Gail.
I recently found out through one of Nate Hagens videos that Tesla cars need their batteries replaced every eight years. I was blown away when they said it costs around $20,000.
A quick look at the value of used Tesla’s compared to other similar priced ICE vehicles proves this eg a 2016 Tesla is worth around $20k compared to a 2016 Porsche 911 which is worth around $50k.
If this is true for battery backup facilities for wind and solar this must mean that they are not a viable option, that’s without the waste issue…
I have been told that Priuses can still be driven without changing their batteries, after the eight years. Their milage won’t be as good, however. I expect poor owners of Priuses will simply not swap out batteries.
this is true from personal experience. phev’s are a more interesting model to me then ev’s. but i’d like about 100 miles, not 40. they can bridge the need for more powerORdistance, but satisfy 98% of my driving with electric…. assuming i charge a) locally from a rewnewable, (my house for instance) and b) do it during the day. as an engineer the nuances are always important, and these are just to name a few.
Not sure of present models, but there is a cottage industry rebuilding the batteries themselves; not all the cells go bad. The trick is to balance the cells.
Running my old Camry into the ground, replaced original battery at about 100k miles, $1.4K as I recall. From what I can see, the economics of the auto depend upon the price of gasoline, the higher the better. My Camry would not run with a bad battery, I have AAA, called a tow truck.
FWIW, my new Camry sometimes get >40 mpg vs about 34 mpg for the seventeen year old version. New one is lower, tougher to get into, bummer.
From what I see, a pickup costs >$1/mile to operate, I rent from Uhaul rather than own, insurance costs are terrible in MN. Last I saw, pickups are the most popular models in MN.
Dennis L.
The question with a refurbished battery is whether it has been done correctly. I understand that fires can start, if there is a problem.
There’s a reason many taxi drivers drive a Prius.
“Watch a Tesla owner blow up his Model S with 66 pounds of dynamite instead of paying $22,000 to repair it”
https://www.businessinsider.com/tesla-owner-blows-up-car-instead-paying-repair-battery-video-2021-12?r=US&IR=T
Anyone who buys a Tesla is mentally disturbed or stooopid
https://www.rt.com/news/579017-macron-video-games-riots/
Macron blames video games. 🙂 Talk about unglued. I particularly like the comment to the article “death to the dwarf”.
Young people are missing out on real life relationships. I expect that is the underlying problem. They spend their life on video games because they know that they will never be able to afford a wife and family.
Real life sucks though. https://twitter.com/i/status/1673217780252803072
Nigel Farage is no longer allowed to have a bank account in the UK! Talk about unglued.
Gail, in figure 6 are the labels total liquids and crude oil, swapped?
I don’t think so. Total liquids is a superset that includes lighter molecules, thus the percentage that is heavy is lower.
I don’t actually know what precisely the term “total liquids” includes though: lease condensate (both crude and total liquids?), NGPL (only total liquids?), biofuel (neither?).
Total liquids includes biofuels and anything that can be made into liquid form by chilling it enough. Much of these liquids that are made possible by significant chilling are not worth much. They are too close to natural gas–too hard to store. Some are used for plastics, but there is a limit to the number of plastic bags we need. Some can be used to stretch gasoline supplies in winter, when it is cold outside, so it doesn’t evaporate too much. For this reason, the cost of making gasoline is a little lower in winter than summer.
Coal to liquids is small. My impressions is that organizations differ on where they put it.
Thanks!
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Question: If inflation is driving the protests in France… can the military stop inflation with Martial Law
It is the murder of brother Muhammad by the unclean pigs that is being avenged. Blood before money. They listen to the Quran rather than the Talmud. If only white folks supported each other so well.
No, the military can’t stop inflation with Martial Law.
I knew it!
What about free cake?
As I sit here another military plane flies over. There have been many military planes per day for the last week. Maybe a big show before Vilnius on the 11th and 12th.
I had no idea you were in Lithuania … Cool.
Are you 7 ft tall? Everyone I know from Lithuania is really tall … we used to have a programmer from there… he was really tall and skinny. He said ya that’s normal – Liths are all quite tall.
Don’t worry to much – they are just prepping for Global Holodomor and the lockdowns involving extreme Martial Law… everywhere
Britain must prepare for wider, earlier and more stringent lockdowns in the face of future pandemics, Matt Hancock has claimed.
https://www.msn.com/en-gb/health/other/britain-must-prepare-for-harder-lockdowns-says-matt-hancock/ar-AA1d7T85
bottom line is that the US gov controls the psychowoketard leaders of NATZO, and those planes are dispatched by the psychowoketards in control of the US gov.
it’s psychowoketard turtles all the way down.
“Putin is losing the war in Iraq.” – Joe Bidet.
Vlad the Great.
Vlad Pooty – he is thus anointed
Czar Putin the keeper of justice and morality for the Rus. The last Christian nation on Earth.
Holy cow another military plane.
It seems Lithuania and Poland may be gearing up to enter the meat grinder now that Ukraine is out of troops.
Just like the old days!
https://images.squarespace-cdn.com/content/v1/5ad20d1a1aef1db02510972e/1596335481070-ZZPSKTTVQTACY10YKR51/fuhbaqlj7bn31.jpg?format=2500w
Ed, they sent 8,000 Wagner troops to Osipovichi in Belarus, which is only 80 miles from Vilnius.
Making nato nervous, just because they can?
Maybe Prigozhin and his men will drop in and say hello, although a Kinzhal would be cheaper and quicker.
Time to take the war to the real enemy.
fake
Fake Eddy?
That has a ring of truth to it, I must admit.
Maybe the 8,000 went there as a counter to this.
https://odysee.com/$/download/german-tanks-exercise/15de55a3c1e163bd21c30be6d606e386ff586185
As you have an abnormal liking for seeing others suffer, you will enjoy this and if you get someone to teach you how to do an internet search, you’ll find there are quite literally thousands of videos just like it(make sure you have a big box of tissues ready to contain your excitement😂). Everyone else, I wouldn’t advise watching it.
https://odysee.com/$/download/video_2023-06-26_13-46-30/9e1f663b8bd8fe1a0c1582d3b97ebd91daf2d1be
There are also thousands of Wagner in Tsel’ so Kiev might still be a target.
Could all be as fake as the 80% reduction in gas transit through Ukraine, since the start of SMO, that turned out to be true, although someone posted a link to a years old french article claiming it was really all about saving us from glow ball warming(people brought up on Hollywood really struggle with real world events, don’t they?).
Page not found
Page not found
hahahahaha
I prefer Telegram … but apparently there is no Telegram in Ukey?
If you want to understand memes and how they affect you, everyone else, and human behavior, just search for Rene Girard or Mimetic Theory and start reading. Delving into these subjects will help you tremendously, especially your perspective and how you see the world.
Do not participate in any of these events, no matter how much your brain tells you that you need to. I know it seems contradictory, but now is not the time, and this isn’t how we do it. You are free to do whatever you wish, so if you really want, do it.
https://hiddencomplexity.substack.com/p/france-burns-on-the-fires-of-popular
Nah… I’d be burning it down too if I could no longer aff ord the Bolivian and the VIP rooms… these people cannot afford to feed themselves…
At some point you stop giving f789s… life sucks so bad… the slightest provocation and before you know you are burning and destroying … We burn – You burn.
That was an empty promise during the HK riots… when faced with the boot on neck why wouldn’t they have gone on a final rampage and just burned it to the ground .. everything? Not hungry enough I suppose.
The slums of France are hungry enough… I been waiting for this … I been wondering … these folks who were already struggling to pay the bills before Covid… surely must be in a world of hurt with this out of control inflation …
How far will they go? How pissed off are they? Martial Law this weekend?
You wanted an excuse to pop the corn… you have it
Load up Telegram and join … it’s free mayhem https://t.me/France_Riots
They are sleeping https://duckduckgo.com/?q=time+in+france&ia=time will they kick off during the day or do we have to wait till evening?
Are you not entertained? Are you not entertained????
1900 burning cars
500 burning buildings of state and local institutions
250 police officers injured
900 arrested
40,000 police officers engaged
Special Forces deployed
https://hiddencomplexity.substack.com/p/france-burns-on-the-fires-of-popular
We want MORE
We want MORE
We want MORE
We want it to SPREAD
We want it to SPREAD
We want it to SPREAD
Let me know when they start killing rich people.
https://sagehana.substack.com/ Some very amusing articles that delve into the matrix….
Notice how Sage interacts with FE constantly … but does not engage on the topic of energy depletion…
The only SSer who goes there is https://nakedemperor.substack.com/
Fast Eddy
just now
The world is finite – but the resources are infinite.
That is a most profound statement.
I will try to get my head around that.
LIKE
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SmithFS replied to your comment on The King of Climate Change.
What idiot would proclaim ” our finite world”? Of course it is finite. That’s like saying wet water. That the World is finite has nothing to do with anything. We could expand our resource & energy consumption by a thousand trillions times and the World would still be happily finite. Do that once again and you haven’t even come remotely close to “not finite”.
The rational point is that the time price of almost all goods has continuously plummeted since the time of Malthus, in spite of the constant and endless chain of Doomsters proclaiming “The End is Near”. Energy is the only key resource. And with just nuclear fission that resource is essentially unlimited, that’s why the Malthusians, including our ruling cult of Psychopath Bankster Parasites who produce nothing but demand they have almost everything “just because of who we are”.
Feel free to jump in:
https://nakedemperor.substack.com/p/the-king-of-climate-change/comment/17975274
to make wages, energy must be converted from one form to another
without physical resources, energy, of itself has no use because conversion cannot take place—hence no wages.
no wages, and we are reduced to barter.
barter means exchanging resources directly, with no intermediate money.
prices have plummeted since the 18th c because resources have allowed it to happen—we just went on increasing production year on year.
we had to–population kept on increasing as well.
the cost of everything got cheaper–economics of scale
resources are finite.
Now you can go into four number rages eddy—it wont alter anything.
Hmmm…even if true it doesn’t matter. The course is set and that alternative universe has gone poof.
More of his post:
SmithFS
16 hr ago
Rickover was the idiot that foisted giant pressurized water reactors down our throats for commercial nuclear power. He set the industry back at least 40yrs, if not more. They worked good for Naval Reactors, because they burn weapons grade uranium and thus have a compact core, and don’t have the endless ENGO & regulator Fear Porn to deal with.
For commercial Nuclear Power they always were the wrong way to go. The problem we now have of nuclear safety is that the US put military cement heads in charge of commercial (and military) nuclear from the very beginning. Admiral Rickover used to mail letters to himself to approve as both civilian and military atomic energy chieftain. And wrote some idiotic diatribe about nuclear physicists & engineers and “their paper reactors”. These dimwits immediately locked us into a PWR future because they were effective for submarines.
The nuclear physicist, Alvin Weinberg, invented the PWR and got the patent for it in 1947. He understood that there was many possible routes for commercial nuclear power and believed they needed further investigation. See:
One Thousand Distinct Nuclear Reactors – Alvin Weinberg (excerpt from Myriam Tonelotto documentary)
youtube.com/watch?v=swaQdFEFBdc
Weinberg anticipated the Fukushima, Chernobyl, TMI accidents implicit in that technology, warned them and the military cement heads laughed at him. When he wouldn’t kiss their asses they promptly fired him. They also wasted time and valuable capital on their Cinch River Metal Oxide Breeder before listening to the scientists who wanted to experiment with metallic fuels. No surprise the scientists were correct. They setback the commercialization of nuclear energy by 40yrs.
And the highly successful, supersafe, Integral Fast Reactor project was killed by Climate Change Czar John Kerry. With the IFR, 1oz of natural uranium, depleted uranium or spent nuclear fuel would supply one American’s lifetime share of US primary energy, TPES/per capita. And generate 0.17oz of waste which only needs to be contained for 300yrs. Drop it down a borehole. Easy-peesy. An unlimited energy supply. You don’t even have to mine uranium any more. Read all about it here: “Plentiful Energy, The Story of the Integral Fast Reactor” by Charles E. Till and Yoon Il Chang, 2011. IFR free book download:
thesciencecouncil.com/pdfs/PlentifulEnergy.pdf
And the Bankster stooge, Malthusian Jimmy Carter, ordered Nuclear Fuel Reprocessing be made illegal in America. And instituted the NRC, Nuclear Rejection Commission, whose job it was to make sure no more Nuclear Power Reactors were built in the US and would stifle their construction around the World. They succeeded at their task.
I like to think that the person behind that is a troll … paid to post.
Nobody can be that stooopid… can they?
Oh hang on … people are still shooting Rat Juice boosters despite. hahahaha
Ya they can be even stooopider
Wanna see a bitch slapping?
https://sagehana.substack.com/p/things-i-suspect-but-i-cant-prove/comment/17971153
Fast Eddy
4 hr ago
I’ll assume you didn’t read this https://ourfiniteworld.com/2023/06/30/the-world-economy-is-becoming-unglued-models-miss-real-world-behavior/
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Steshu Dostoevsky
Writes Steshu’s Substack
34 min ago
I work with petroleum engineers who I trust more than a link.
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REPLY (1)
Fast Eddy
just now
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” ― Upton Sinclair.
An petroleum engineer said to me some years ago — oh no there’s lots of oil left — you should see the technology that is being developed to extract it.
What he did not understand is that the technology and the difficulty involved in extracting what is left (shale dregs…) results in very costly oil.
Very costly oil drives inflation and collapses the economy.
Legendary oilman Arthur Berman explains : Why Today’s Shale Era Is The Retirement Party For Oil Production https://www.resilience.org/stories/2015-02-12/arthur-berman-interview-why-today-s-shale-era-is-the-retirement-party-for-oil-production/
Maybe you should do your own research rather than letting the experts who make money off of oil tell you what to think?
How many of the Safe and Effective Rat Juice shots have you taken — on the advice of experts?
Thanks for the new post, Gail. Did you crop the data set for Figure 2 (oil production per capita) or does your data set not go back further?
IIRC the fuel per capita peaked in 1978, but probably was flat during the 1970s. so just prior to the beginning of the graph.
Certainly oil per capita peaked earlier. Coal per capita ramped up greatly after 2001, when China was admitted to the EU.
This is an old chart showing that it was only oil production that peaked on a per capita basis back in the 1970s. After that, people stopped using oil for things like home heating in rich countries and generating electricity when there were other cheaper fuels available.
https://ourfiniteworld.com/wp-content/uploads/2021/08/World-per-capita-energy-supply-by-type.png
This is a chart through 2021, on a combined basis that doesn’t go back as far.
https://ourfiniteworld.com/wp-content/uploads/2023/02/World-energy-consumption-per-capita-FF-total-to-2021.png
New 2022 numbers are out. 2022 seems to be a little above 2021, on a per capita basis, but EI values renewable energy awfully generously. The results may be different for IEA. IEA values wind, solar and hydro much less generously. The IEA also includes a number of things like burned trash and animal dung.
It Seems That the Rate of “Turbo Cancer” Among COVID-Vaccinated Mice May Be as High as 1 in 13
“The mice were planned to be sacrificed shortly after the booster. However, one mouse died from “turbo cancer,” as the researchers describe here.”
https://dailyclout.io/were-lab-animals-killed-after-mrna-vaccination-trials-to-hide-long-term-adverse-consequences/
What if….
8% kill rate now we are talking
if and when the 8% are humans not merely mice.
Yes but they killed all the mice after 2 weeks… and mice years are x25 of humans… it sure would have been interesting to see how many got the Big C after 4 and 6 weeks!
I warned about the lack of long term testing…
Please report that France and Germany have demanded the removal of publications relating to current events. Tiktok is blocking lives and Twitter is doing the minimum by blocking access from France and Germany.
They’re trying to hide what’s going on. Despite the fact that people will be reluctant to believe it, the government is able to hide what’s going on from the majority of the population, because most of them don’t live in the cities concerned. But also, those who do live there only see a tiny fraction of it from their windows.
https://t.me/France_Riots/270
Maybe it’s not being encouraged… but surely we’d see Martial Law by now …
Anyhow … let’s hope it spreads to the entire EU and launches us into ROF!!!
The Elders will have failed… The Gates of Hell will Open…
They won’t just open they’ll be flung off their hinges as the ravenous beast comes crashing through!!!!
These kinda things… can happen very quickly once they gain momentum
Panama City Beach
https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F56dc3696-d487-48bb-86d3-83398e9797e7_1001x751.jpeg
‘Three people died while swimming at Panama City Beach on Saturday, bringing this year’s deaths at the popular tourist beach to a nationwide high of seven, according to officials and reports.
In a Panama City Beach Police Department news release, authorities confirmed officers responded to “three separate fatal water incidents behind three different resorts” on Saturday.’
‘According to the release, the city listed the deaths as “fatal water incidents” because officials don’t know if the victims drowned or had another medical emergency in the water.
City officials identified the victims as Kimberly Ann Mckelvy Moore, 39, of Lithonia, Georgia; Morytt James Burden, 63, of Lithia Springs, Georgia; and Donald Wixon, 68, from Canton, Michigan.’
‘Moore was rescued by lifeguards around noon and was transported to a hospital where she was pronounced dead, Burden died after being rescued shortly after 1 p.m., and Wixon died after being rescued at 4:23 p.m., according to officials.’
‘The deaths occurred within nine days, according to the database. The National Weather Service listed all as involving rip currents, or powerful currents that can carry people away from shore.’
You be the judge. Three in one day suggests perhaps water conditions were to blame. But then, coincidences do happen, sometimes coincidentally.
https://thechadrabbit.substack.com/p/the-rise-of-the-medical-emergency-f93
The thing is …
I could stop what is about to happen to all 8 billion …
I was in Mehico some years ago … the driver took me to this first class VIP Room next to a traditional Mezcal factory… after touring both he says hey Fast Eddy — you wanna see some ancient ruins?
I was feeling a bit shagged out after the tour — and thinking a nap might be good but he says — come on man – it’s really awesome … and not far…
Okay let’s do this thing – and it was spectacular https://whc.unesco.org/en/list/415
On the way out a peasant is plying some stuff at the car park and he says — you need to have these… and he points to a Set of 3 Demons… He says — it is important that you have these Fast Eddy – How the f789 do you know my name? That does not matter… what matters is you purchase these from me … so I give him 5 bucks…
Then he says — when the time comes you will have a very important decision to make .. the lives of 8B will depend upon your decision … I’m like whatever …
I packed the Demons and hauled them back to NZ… and put them on a shelf… (see below) and never thought much about them.
But then suddenly out of nowhere — a voice said — These are the children of Pazuzu… and he wants them back. He says if you give them back he will not exterminate 8B and will refill the oil fields and the mines…
It is up to you – give them back — or smash them with a sledge hammer.
He will give you some time to consider your decision … but time is short… UEP is imminent …
https://i.postimg.cc/y839NrnC/Pazuzu.jpg
I like the middle one.
Nay, keep um.
I am leading towards telling Pazuzu thanks but no thanks. They are MINE. I bought em… I own em.
Feel free to exterminate
Thanks for your new work, Gail. Good to hear the Statistical Review of World Energy is being continued.
Some thoughts on yr article:
Alternative reality narrative for Figure 3 … Yippee, interest rates are finally back up to where they were in the 1960s so all they gotta do is keep cranking rates and we’ll induce an economic boom like the 60s and 70s. I like it. Oh, wait …
but truly, fact I regret no recognising during the 70s at the time as being the extraordinary twilight zone that they were.
Figure 5: World Energy Growth. Just assuming, because it doesn’t state so that World Energy Growth is the aggregate of Population Growth and Standard of Living Growth. Correct?
Some three months back you mentioned Scott’s proposition that “governments couldn’t exist until it was easy to store up surpluses of grain, and these surpluses could be taxed by the government.” It puzzled me somewhat at the time but makes total sense when one regards grain as a proxy for any storable surplus energy. It would seem to me more logical that fewer surpluses may not necessarily trouble the civilization because of reduced government taxation. Surely in theory, undominated governments have the power to gratuitously direct flows of resources (via the financial system while it lasts) so long as the society retained the ability to produce or seize sufficient resources.
It’s going to be a laugh when the hegemon reaches the end of its bungee
Appreciate your conclusion that no one knows the future. Toba, anyone?
come on man!
8 billion people – who rely 100% on affordable fossil fuels to eat…
And shortly there will be zero fossil fuels.
It don’t take a Pee H Dee in Rocket Science to know how that ends hehehehe… (see Murder Rape Cannibalism MRC)
But it takes 1500HP to identify what the Men Who Run the World are gonna do about it…
https://www.headsupster.com/forumthread?shortId=220
sorry. Disclosure: Finite number of monkeys (15,000 MP) typing randomly into AI
no need to expect too much
BTW can anyone advise as to where there are instructions for font changes on jetpack.wordpress to do bold, italics etc. Do they magically appear when one allows full monty scripting, mine jetpack is custom to try to avoid spyware, etc but can one use various hidden codes like [EM] or whatever?
I’ve not had any success finding the answer with search engines which all seem to focus on WP blog owners installing stuff
I’ve just used html codes to do this, though I think there are other methods, if allowed by the blog owner.
<i>comment</i> gives comment
<b>comment</b> gives comment
<u>comment</u> gives comment
<i><b>comment</b></i> gives comment
(I hope that worked!)
Ah, the underscore didn’t work. It does on some blogs. Still, you’ve got bold and italics.
mike can you remind us why you shot the Rat Juice
https://www.nzherald.co.nz/nz/very-disturbing-wait-times-of-up-to-18-months-for-cardiac-scans/4COMWE4VXVALBNVEXG63GLZVYY/
Everything I can see says that directly or indirectly, an economy needs inexpensive energy supplies to leverage the labor of workers. Without these, the economy doesn’t work very well.
When you talk about fewer surpluses perhaps not being a problem, look at France today. According to the new IE Statistical Review, France’s energy consumption per capita dropped -10.9% in 2022. This is a terrible outcome. I imagine 2023 is still down, or perhaps even worse. The indication for the world from that report for 2022 is +1.1%. For the EU, it is -3.5%. The only country in Europe that clearly did worse than France was Ukraine, at -30.7%.
France’e electricity from nuclear seems to be down over 22% in 2022, relative to 2021. That may be a big part of its problem.
Things start going very badly when energy supplies aren’t high enough. Governments have a hard time collecting enough taxes. Riots start. I am doubtful governments can seize enough assets.
Get this … Fast Eddy is trolling on a SS with some oil depletion bait…
Some guy says he’s in QT… and invites FE for a coffee… FE ignores him..
But he keeps at it …
So Fast says HE prefers to keep in the shadows (but what Fast is thinking — based on this guys response to the oil thing … why in the f789 would FE want to meet him? come on man … that’s like asking SI to hook you up with one of the swim suit models.. like DUH>.. FE is not going to meet a normie hahahaha… WTF was he thinking)…
Anyhow … he responds to that with – he knows a shady place…
And FE is initially thinking .. you got me wrong bro — I’m not into that — but I can intro you to norm… but then I’m thinking … who is this dude?
Is he trying to lure FE into an ambush? An hashashination plot? Has the PR Team had enough of FE seeding their Chosen Platform to corral the A Vaxxers with oil depletion stuff?
I left it with M Fast prefers I not take my persona outside of Digital so piss off (unless you can prove to me you are some kinda Super Hottie Grooopie who wants to get it on… gotta be unvaxxed though)…
No response to that…
It’s probly just some weirdo wanting an autograph.. or to touch FE and never wash his hand again…
But maybe not … we are in the Nitty Gritty Stages of UEP… the Elders are feeling confident… the PR Team has been flawless… the Ministry of Truth is firing on all cylinders…
They will be extra sensitive about anyone threatening the plan by revealing all…
I’m considering hiring security — if it’s a real threat it’s not paranoia … you know what I’m sayin? The Jesus don’t like to be f789ed with
Energy is running out; we’re past peak oil; collapse is coming. Blah blah blah. Meanwhile, pump prices in DE (where I live) are $3/gal give or take. Factored for inflation, that is the lowest price in the history of happy motoring with no end in sight. The SUV craze is making its way to Europe, as major plays replenish as “drawed down”.. All evidence points to oil being abiotic/abiogenic as opposed to fossil-based, or all your dire predictions would have already come true decades ago.
Low prices keep oil producers from drilling more wells. This is what causes oil production to stop. People cannot afford food if oil prices rise too high.
that abiotic oil thing has been around for as long as oil has been pumped
repeating it won’t make it so
the economics of use makes prices fluctuate
it doesnt alter ultimate depletion
Hahahahahahahahaha… and we are steaming oil out of tar sands because?
How about you point me to the part where Exxon says I should invest cuz their oil fields are refilling with this magic abiotic stuff hahahahaha https://investor.exxonmobil.com/
Duh.
It did not occur to you that the Central Banks might want to depress (subsidize) the price of oil … as a means to control inflation
Inflation Shocker in the UK: Core CPI Spikes to 30-Year High, Driven by Spike in Services, even as Motor Fuel Prices Plunge
https://wolfstreet.com/2023/06/21/inflation-shocker-in-the-uk-core-cpi-spikes-to-30-year-high-driven-by-spike-in-services-even-as-motor-fuel-prices-plunge/
Everything is raging higher… cept oil…. hmmmmm…..
Hey norm … how about a Substack called…
In Celebration of those Who Died Suddenly.
https://markcrispinmiller.substack.com/p/in-memory-of-those-who-died-suddenly-bc1
Mutherf789er…
It is hard to escape the notion that the world is going mad from an undiagnosed cause. Renowned mathematician G H Hardy wrote in 1940 faced with the incomprehensible horror of war, “When the world is mad, a mathematician may find in mathematics an incomparable anodyne.” An anodyne is something that allays pain. As someone who analyses data, I am very clear that the mathematics of health data can no longer be ignored. The data is telling me something has gone terribly wrong.
The New Zealand Herald leads on Monday morning (26 June 2023) with a story “Two Auckland Suburbs Rugby Club players suffer critical, life-threatening injuries in consecutive weeks.” The article covers not just two but four players critically affected mid-game. Two are in hospital, and two died. Read on, and you discover that not all of these were necessarily rugby injuries, rather, some, if not most, were quite possibly medical events caused by something other than rugby.
The events were reported as a blood clot in the brain, a seizure requiring CPR (symptoms typical of a cardiac arrest), a critical brain injury with an undisclosed cause, and an unspecified on-field collapse. All the victims were young with a life ahead of them.
According to the article, New Zealand Rugby is on edge. The Auckland Rugby Union (“ARU”) said they were “unaware of the cause,” but inexplicably added, “We are fortunate that events of this nature are extremely rare.” Or maybe they should have used the past tense “were”? The Herald commented that playing rugby amounts to suffering a weekly car accident, so there is no need to look any further for a cause.
You might believe that if it wasn’t for all the other people who are not rugby players hospitalised or dying suddenly from medical events that sound suspiciously similar. Leaked Wellington Region statistics record hospitalisation for heart attacks up 83% and strokes up 25%. 2023 excess deaths are up 18% above the long-term history, a hundred extra people are dying each week in our nation of just five million people.
https://expose-news.com/2023/06/30/four-nz-rugby-players-critically-injured/
That is a lot of dead people. No one is angry. Time for pass two.
100 extra deaths per week X 52 weeks = 5,200 per year.
0.1% of 5 million.
yawn.
I suspect the MORE-ONS are still not suspicious… perhaps there is a twinge when they read about an athlete falling .. but the PR Team rushes in to reassure them…
Hopefully they do start to wonder… cuz that would create fear… I want the MORE-ONS to experience fear.
Does it get to the point where they beg for A Vaxxer blood transfusions?
Will the hottie Vaxxers want another type of infustion from the A Vaxxers?
Hard to predict where this goes. At least we can pass the time watching France Burn.
Word is when Macro is under pressure his old biddy calls The Boys … to help him relax https://static.independent.co.uk/s3fs-public/thumbnails/image/2018/10/01/13/download.jpg
Yo yo yo…
“That is a lot of dead people.”
The ‘chosen ones’?
“EVIDENCE PROVES SURVIVORS OF EU PFIZER JAB TOOK PLACEBOS”?
https://forbiddenknowledgetv.net/covid-lies-exposed-evidence-proves-survivors-of-eu-pfizer-jab-took-placebos/
I restate — if this is true –is the reason for them doing this to Demoralize the Mob?
I still think the ones that did not wreck the MORE-ONS have a broader purpose… so they will not escape the judgement day…
But why not cause decimation … it Demoralizes… just as Tranny Freak Shows Demoralize.. etc.
You need huge HP to even begin to try to decipher this situation … fortunately FE has that so HE can help guide us as best as possible against the PR Team (who cheat)
BTW – I posted on a SS story indicating that Covid is rebranded flu two questions:
1. When I tested + for Covid I could not smell my own farts… I enjoy sampling the different aromas … so was rather let down … many people report loss of smell sense when they test +
Why only with Covid if it’s the flu?
2. When I tested + I took hydroxy — killed it in a couple of days.
A year+ later I had a cold/mild flu – not + test… but tried both H and IVM this time – zero effect.
Why?
The great Peter Breggin leaped in and said none of this is correct. All others including the author (I think it was Jessica Rose) ignore the question.
I asked Breggin to provide more details cuz as far as I know loss of smell are acknowledged and H and IVM are effective vs Covid but not the flu
I have asked Yeadon directly about this
No response.
Hmmmmm….
Hellscape https://t.me/France_Riots/261 (PR Team giving rioters fireworks?)
Thousands killed by the vax and silence, one killed by a cop and they burn baby burn.
‘Magine what would happen if the mob realized what has been done to them … and their children….
The PR Team needs to tread carefully … and continue to tell these fools what to think…
Here’s hoping this spreads across the EU …
Hey might be a good time for Putin to start chirping the NATO folks about throttling back that gas… how’s that for brinkmanship haha…
‘Magine what the mob would do if Pooty drove their COL up another 10% hahahaha…
The Centre Cannot Hold — or maybe the Centre wants mayhem… so that the masses become even more D-Moralized… and welcoming what is soon to come …
EXTERMINATION>
Nation Wide https://t.me/France_Riots/173
https://t.me/France_Riots/177
https://t.me/France_Riots/182
https://t.me/France_Riots/184
https://t.me/France_Riots/185
https://t.me/France_Riots/188
https://t.me/France_Riots/192
https://t.me/France_Riots/194
https://t.me/France_Riots/204
https://t.me/France_Riots/212
https://t.me/France_Riots/213
https://t.me/France_Riots/216
https://t.me/France_Riots/217
https://t.me/France_Riots/220
https://t.me/France_Riots/224
https://t.me/France_Riots/228
https://t.me/France_Riots/230
https://t.me/France_Riots/231
https://t.me/France_Riots/232
https://t.me/France_Riots/236
https://t.me/France_Riots/237
https://t.me/France_Riots/249
Nearly a year ago, Netflix released its initial trailer for the film Athena about a future civil war that commences when African and Arab immigrants begin rioting after an Algerian youth is shot dead at the hands of the police.
Fast forward to today and the events of Athena are taking place before our very eyes… https://t.me/France_Riots/257
Schad of the day
“TV Doctor and ‘Vaccination Expert’ Dr. Alfredo Victoria Dies Suddenly [in his sleep] at 42” (Sandrarose, 2023.06.28):
https://live2fightanotherday.substack.com/p/karma-working-overtime
Nice summary of the situation – have added this to UEP … and dropped it onto a number of SSs…
I wonder what would happen if OFW was shifted to SS… and you connected the above to the Rat Juice… and it went viral on SS and the A Vaxxers poured in and connected the dots…
This is exactly the sort of info that the PR Team is desperately working to ensure does not become the narrative….
I suspect they’d ignore it … cuz most A Vaxxers will look away … they don’t want the truth + the Vaxxers would dismiss this entirely.
“Self-organizing physics-based systems act strangely. ”
Dear Gail, no, they do not. They act naturally. Our way of thinking and acting got disturbed by greed, and multiplied by debt and fiat currencies, and realized by a net energy surplus for a short period of time.
As you pointed out many times. Thank you for that.
Maybe strangely compared to what people think might happen.
Many people feel the same influences. These influences affect how they vote.
In some sense, we are at a point where no path forward will give us the solution we all want. People will be divided in terms of which approach (which doesn’t really work) should be chosen.
Or maybe, the self-organizing system will give us a path forward that none of us would think about.
Physics describes a variety of natural “physical” processes. The self-organizing system known as the economy is artificial. It is partly physics-based, like everything in the physical realm, but it has abstract aspects too, and it acts in response to the forces that influence it, which include both natural and artificial and rational and irrational and elements, including so-called “market forces”, ideologically-based interventions, and psychological factors such as perceptions and expectations, because the latter can influence behavior of actors participating in the economy.
Francois Roddier writes about the issue in his book “The Thermodynamics of Evolution.” https://www.amazon.com/Thermodynamics-evolution-Essay-François-Roddier-ebook/dp/B087M5ZG59
I am not sure that he would agree with you. Physics sets market prices and currency relativities. It determines wage levels and relativities among wages. It indirectly determines what views will be popular with politicians and with the military.
Perhaps there is some artificial portions, but our “free choice” is significantly constrained by physics.
How about an issue that you have thought a lot ab out? “Renewable” energy sources such as solar and wind power?
Physics has not determined that the deployment of this technology on a massive scale should be pursued as a rational solution to energy problems. Politics and ideology have done that. Physics is halving a facepalm moment and saying, I’m not with these guys.
Physics has not determined that North America and Europe should be flooded (if the word can be forgiven) with culturally incompatible immigrants while the industrialized parts of East Asia should not. Politics and ideology have done that too.
With all due respect to Francois Roddier and to you, I think “physics indirectly determines” is a roundabout way of saying, “it’s a lot more complicated than just physics and there is a lot more going on at other levels, including the levels of chemistry, biochemistry, biology, sociology, and psychology.” Although of course, physics sets lots of constraints on the possible, there is still a lot of wriggle room within those constraints.
I wouldn’t like to see “the physics defense” become fashionable as an excuse for people acting badly, with defense lawyers arguing, “Yes, my client killed a lot of people indiscriminately at ate donuts that didn’t belong to them, but indirectly physics was to blame, your honor.”
Interesting points Tim, but I’m with Gail on this one.
Although, as you say, there’s wiggle room and other levels, which do require consideration, the boundaries of physics eventually determine all and make our efforts to control look futile.
We can nudge the wheel and maybe affect its path for a short time, but we can never affect its relentless turn and the wheel will always return to the path of least resistance.
We tinker at the periphery and fool ourselves with the notion of control.
I was rereading an old post of Johan just before Gail’s post appeared in my inbox last night and it is kind of related(Gail gets a well deserved mention, as you will recognise).
“this society is a machine.
it’s an interconnected aggregate of specialized moving parts. it ticks on according to its precepts and mechanisms, and it doesn’t really afford much space for alternative solutions or truly autonomous movements.
well, it’s not really a machine. it’s a collection of institutions and relations populated by a bunch of glorified space monkeys (Χριστέ, ἐλέησον) who really want it to be a shiny engine propelling us towards a prosperous digital star trek utopia.”
“and facing this kind of situation of energy and resource scarcity, the complex interconnected system that could be described as the “global industrial economy” (yet which has much deeper ideological and institutional roots than such a title would imply) will respond by trying to protect itself.
of course, it’s not an organism, it possesses no actual intelligence, but as a system, it operates upon layers upon layers of rule-goverened behaviours that mimics actual intentions. as nobody actually governs the system as a whole, the outcomes of these behaviours emerge from the immensely complex interactions at lower levels, so when the system responds, it does so as an effect that’s almost impossible to foresee from the actions of any single accountant, mid-level manager or local legislator.”
“the roots of this entire endeavour, and the means by which this technosphere reproduces, expands and turns us into parts of itself goes much deeper than one may think. it has vast philosophical, aesthetic, theological and spiritual dimensions aside from the obvious sociological and economic ones (always predicated upon basic physics)”
https://shadowrunners.substack.com/p/introduction-the-machine-and-its?utm_source=profile&utm_medium=reader2
Thanks for the reference. Johan Eddebo looks nothing short of a gem.
From his essay I’m currently reading:
“And one aspect of the myth of medicine that stood out was the notion that “medical science” actually knew just about everything possible to know about the human body, how to perfect and support this flesh-machine, and how to protect it from disease. The myth of medicine was thus joined at the hip to the authority of Science, and sort of embodied its power and mystery, bringing us into immediate healing contact with the sacred source of redemption.
Medicine namely holds a special place in the mythological landscape of secular modernity. Just like the cult of Apollo of the Greek and Roman pantheon, originally a god of health and protection from evil, the enterprise of industrial medicine provides a ritual space for strengthening existential security and apotropaic (protective, warding) magical observances. And while the classical world gave one a plethora of options towards these or similar ends, medicine almost uniquely performs these sorts of functions today, single-handedly carrying most of the burden of providing existential and psychological assurance and peace of mind.
…………….
The covid situation was revolutionary. The incredible barrage of the marketing apparatus purified these already influential tendencies towards the medicalization of life, elevating health within the framing of industrial medicine to the issue of utmost concern. The isolation further catalyzed all of this, rendering our parasocial ties to the system’s abstractions almost completely unchallenged by reality.
And the resulting situation is not only an ideological outgrowth of what’s manifest in classical Fascism, but indeed a more complete actualization of its basic principles than anything we’ve ever seen. The covid-era biopolitics are truly totalitarian in the proper sense of the word, increasingly grafted to mythical institutions such as the utopian rebirth narrative of climate change mitigation.
As a background, biological life itself is structured as the supreme value of society, where physical life and its flourishing is all that matters. The secular worldview becomes auxiliary to this project, affirming how there’s really nothing except physical existence, and no other value apart from its perfection. Health. The health of Gaia, the health of the state. The absence of whatever is designated unclean and pathological.”
https://shadowrunners.substack.com/p/the-roots-of-medicalized-fascism
Let us say religion can somewhat slow down the race for resources, and it would be total anarchy without it or other moral systems, within a given society. But it just slows down things, like a frictional force slows down a fall into a gravitational attractor. Friction can not redirect gravity, just slow it down.
So I concur with Gail, that all individuals, groups, nations, empires and institutions I have met in my life work primarily to order their environment to themselves, and maximize resources to themselves. It is the nexus between physics and the basic principle of biology, which is evolution, but it works also for non living dissipative structures and social and economic structures.
I don’t find it complicated at all, it is a maximum power principle and works in every facet of our lives.
I don’t think that religion slows down total energy consumption.
Sharing energy availability with the poor allows the poor to live. This actually increases the use of energy. Normally, the rich use much less fossil fuels and other commodities (proportionate to income) than poor people. Giving money to the poor allows more demand for food and helps raise selling prices.
Religion helps the Maximum Power Principle along.
Yes, perhaps I was not clear. Religion obeys the same maximum power principle, by slowing down internal conflict over resources. The cohesive state or nation then goes on to wage collective war against other entities for the purpose of maximizing consumption of said state or nation.
Good point!
Around about this time of year, in my part of the world, the tadpoles are swimming around in the flooded rice paddies.
As long as there is enough water in the paddy, they are free to swim wherever they like. The paddy is a finite world, but they are small creatures and so they have more than enough of what they need to get by. The physics of the situation gives them plenty of wiggle room.
But once the water is drained out of the field, as it must be soon in order to prepare the rice plants to survive the hot dry season by forcing them to develop their roots, any tadpole that hasn’t metamorphosed into a frog will be in dire straights. The physics of the situation will place constraints on the chemistry and the biology of the situation and the remaining tadpoles will die due to lack of water.
Which brings me to Edward O. Wilson, who among other things was known to peer into rice paddies, creeks and swamps.
Physics can be considered a description of the way the physical world works. Chemistry a description of how chemical processes work. Biology a description of how biological processes work, etc. Eeach of these fields of knowledge can further be conceptualized as being layered on above another with Physics as the base level.
In his book Consilience: The Unity of Knowledge, Wilson argues that reductionism, or the approach of explaining complex systems by breaking them down into their individual parts, has its limitations. For instance, he suggests that emergent phenomena at one level cannot be predicted from the laws governing behavior at the level below it.
An example would be the emergence of consciousness from the complex interactions of neurons in the brain, which cannot be predicted from the laws governing the behavior of individual neurons.
Wilson also discusses the limitations of reductionism in the context of chemistry and physics. While the laws of physics provide a foundation for understanding the behavior of atoms and molecules, the details of chemical reactions and the properties of complex molecules cannot be fully explained by the laws of physics alone.
Wilson suggests that the behavior of molecules and the emergence of emergent phenomena in chemistry can be understood through the principles of chemistry itself, rather than being reducible to the laws of physics.
For Wilson, the reductionist approach has its limitations and a more holistic approach to understanding complex phenomena is required.
I would argue—although not to the point of foaming at the mouth—that while physics, chemistry and biology are all essential to understanding economics, society and civilization, they cannot in themselves explain these things because they are “at the wrong level”.
When Gail writes that “the economy operates under the laws of physics”, she is making an observation that is at the same time both trivial and profound. It is trivial because everything in the physical realm must operate under the laws of physics, and because the economy operates under the laws of physics, chemistry, biology, sociology, psychology, and of course, under many (although not all) of the laws of economics. Sorry if I am boring anyone by quoting the blindingly obvious.
At the same time, it is profound because most people don’t sense the connection between physics, which is down there studying physical behavior, and the economy, which is up there in the sky as an intensely human collective activity. Their thinking is compartmentalized to the extent that they are not aware of the fundamental importance of the finite availability of energy and raw materials, which impose physical limits on what is doable, for example, as well as of the known laws of physics that as far as we know absolutely prevent things like faster-than-light travel, antigravity, perpetual motion, etc., and make it extremely problematic to bring thousands of tons of payload from space down to earth without incinerating it, or to run an industrialized economy sustainably mainly on wind turbines and solar panels.
But we’ll see. Humans have an impressive history of making impossible dreams come true.
impossible dreams can only come true if sufficient (surplus) physical energy is available to make them happen.
human progress over the last 300 years has been solely due to a surplus of available energy
nothing else.
I disagree with you on that, Norman.
Human progress over the last 300 years has been due to a surplus of available energy plus oodles of Inspiration, Imagination and Innovation.
Without the three “I”s, we could have been sitting on humongous amounts of physical energy and made no “progress” whatsoever.
The phrase “a surplus of available energy” refers to a situation where there is an excess of energy available beyond what is needed to meet immediate demands. or in short, to energy that is produced or acquired beyond what is needed for immediate use. This excess energy can be stored for later use, converted into other forms of energy, or shared with others.
Surplus energy isn’t much fun on its own—would you want to keep a million barrels of gasoline or diesel in the garage?—but things get interesting when it is used to obtain a corresponding category of wealth: let’s call it “the surplus won from nature”. This refers to the abundance of resources that humans have been able to extract from the natural environment through agriculture, mining, and other forms of resource extraction, and includes includes food, minerals, energy, and other natural resources that have been extracted and harnessed by humans for their own use.
A million jars of blueberry jam, a million tins of Alaskan wild salmon, a million bags of rye flour and a million pairs of Levis 501 size 34-32. Plus lots of batteries, candles, toilet paper, and shotgun cartridges. Now we’re really prepping!
ive made the point many times, Tim,that the saudis sat on oil for millenia, but didnt get rich until it was taken away and burned.
our collective intellect could not kick into gear until surplus energy was released to facilitate it.
That surplus was released by a very small group of men—Darby, Watt, Wilkinson et al.
The prime mover was availability of cheap iron, which was released by the availability of cheap energy.
Without cheap iron, Saudi oil could not have been put to use, (or coal, gas etc)
none of our imagination could have been used without that surplus.
Da Vinci had our level of intellect, he lacked cheap surplus energy.
I do agree with you on Da Vinci. Clearly, the three “I”s without sufficient surplus energy will not get us much “progress”.
Yes, you’re right there, Norman.
But equally clearly, sufficient surplus won’t get us very far without the three “I”s.
But which is the more fundamental resource, the physical one or the intellectual one? That’s a vexed question. I would argue, the three “I”s because without them nothing can happen at all in the realm of progress, but with them all sorts of possibilities can be realized.
seems to me Tim, that intellect expands on the level of energy available to feed and support it.
Da Vinci had an intellect comparable to ours, but no means of making/powering an engine that would make his dream of flight reality.
Right now I’m researching John Wilkinson, (a man of real brilliance in his time) the man who made the first precision machine tools. The interesting bit is that he needed the power of the water wheel to do it. He also produced the first precision large scale iron castings—the two went together.
With large precision castings, the viable steam engine became practical, so the water wheel became redundant.
With steam engines you can drill oil wells
Wilkinson’s work ultimately resulted in the complex engine castings that produce aircraft engines 150 years later. Oil and iron came together to power our existence.
Everything else hangs on those two radical factors.
Without them , we are permanently stuck behind the horse and cart.
Looks like WordPress has me locked out, can’t comme
WordPress showed you with zero approved. Perhaps you have a new computer or something. I have to approve comments of new posters.
Holy sh it sheila is that a recent photo of you? You look like a pirate!
What happened to your eye?
he’s an eco-pirate.
Soon after this they would have organized the think tanks that try to work out if there might be alternatives…and when that was failing they started to work on EUP … the plan we are observing now….
Back in 1957, Rear Admiral Hyman Rickover of the US Navy gave a speech in which he said,
For it is an unpleasant fact that according to our best estimates, total fossil fuel reserves recoverable at not over twice today’s unit cost, are likely to run out at some time between the years 2000 and 2050, if present standards of living and population growth rates are taken into account.
In this speech, Rickover pointed out the importance of fossil fuels to maintain our standard of living and to win wars. It was clear to the military that fossil fuel energy supplies were tremendously important in preventing future problems for the economy.
Germ warfare was being started way back, years ago. This is an article on biological weapons that google found.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1326439/
It says, “Man has used poisons for assassination purposes ever since the dawn of civilization, not only against individual enemies but also occasionally against armies.”
Back in 2009, I was invited by the US Naval War Academy to participate in a symposium. The leaders wanted my ideas on how oil shortages would work out, and how the navy should be prepared. There were many others invited, with different backgrounds, including writers of fiction.
Germany’s central bank may need a bailout to cover losses of €650 billion on the debt it hoovered up. https://www.disclose.tv/id/48dwcyelcq/
Next cab off the rank to the Budesbank window?
Deutsche Bank tells investors some of their Russian shares missing
As I understand it these are Depository Receipts a foreign class of derivative security requiring conversion to actual shares. The article is about this bottleneck as
Russia’s National Settlement Depository said the conversion of shares had been carried out in accordance with Russian legislation and that it was not the accounting institution responsible for implementing this mechanism.
Lawyers and other advisers have described the conversion process as “complete chaos.”
“To a certain extent, this resulted in double counting because, without a reconciliation between Russia and foreign banks, an investor could get Russian shares and still hold the DRs at the foreign bank,” said Grigory Marinichev, a law firm Morgan Lewis partner.
Deutsche Bank is now allowing investors to swap depositary receipts for shares as part of its plans to exit all Russian business, one source said.
The bank also determined that clients could be in a better position if they could convert their depositary receipts at least partially, this person added.
JPMorgan & Chase, Citigroup and BNY Mellon act as depositary banks for most other Russian depositary receipt programs, according to Clearstream.
All three banks declined to comment on whether they had also identified shortfalls, but their books remain closed.
Deutsche said in its circular that if it were able to reconcile its books at a later date, then it would look to return more shares to their rightful owners.
But it cautioned that the net proceeds from sales of shares it could return to investors would likely be “substantially lower” than the current market price.
The bank said it understood Russia’s Government Commission for Control over Foreign Investments required that such shares be sold “at a discount of at least 50% from their appraised market value,” the circular said.
dailysabah.com/business/finance/deutsche-bank-tells-investors-some-of-their-russian-shares-missing
Lucky them! I wonder where all the “missing” shares are? Broker/bank rehypothecation? Fraud? Racketeering? Lost in cyberspace?
So, who bails out Germany’s central bank? The taxpayers, with their extra income?
Hospital ‘Murder’: Attorney Unveils Shocking Survival Rates Among Mechanically Ventilated COVID Patients
“You got a cash bonus when someone died from COVID. It was an incentive to kill people, and it worked incredibly well.”
https://dailyclout.io/hospital-murder-attorney-unveils-shocking-survival-rates-among-mechanically-ventilated-covid-patients/
norm keith:
“We’re never going to learn about how safe the vaccine is unless we start giving it, and that’s just the way it goes. That’s how we found out about rare complications of other vaccines,” Dr. Eric Rubin said in the meeting.
https://www.westernjournal.com/buried-6-hours-fda-video-doctor-makes-chilling-admission-child-covid-vax/
Midazolam – uses https://t.me/downtherabbitholewegofolks/80655
Magnificent!!!
And people wonder why there is a division between those with faith in the system and people who are concerned that many things went wrong in the treatment of Covid.
By the way, the last link says “Sorry, This video does not exist.
News Benders https://youtu.be/xYAke_z3RVU (this is really good – norm won’t watch it though)
A story about a man hired to make up news stories for 1973. The link has a long synopsis of what happens, for those who don’t want to spend a half-hour watching it.
The News Benders, starring two fine English actors of the last century—Donald Pleasance (who always stood out as Donald Pleasance) and Nigel Davenport (who tended to morph into whatever character he happened to be playing).
Norm might have watched it on the box when it was first broadcast in 1968. I didn’t. It must have been on past my bedtime.
This cheeky play postulates a government organization that manufactures the news years in advance, and alludes to the H bomb being fake (and impossible) and a fake moon landing by a joint US-Russian/USSR team being planned for 1973.
Most memorable line:
“98.386 percent of the population wouldn’t believe this conversation and the rest are working for us.”
I remember a similar British TV play from around the same time about a solar power station staffed by robots who developed a religion, the major tenet of which was that they had to keep the power beam pointed at planet Earth.
Quiz … in 1968 norm was how old?
– 45
– 55
– 65
F789ing hell even if he was already 45 he is a really old bugger now!!!
And he keeps on kicking even after 7 Rat Juice shots.
Bravo norm. Bravo.
a weakness of humankind has always been our ability to ”think” things into ”reality”
in ancient times, we saw natural phenomena, and looked for ”reasons”
”reasons” could only belong to something/someone outside ourselves
stands to ”reason” –right?
so ‘gods” became real—so real that we will kill to ”prove” that to be correct. So godreason transposes itself into ”’realreason’–under threat of death–common sense commits suicide.
so gods become real.
that is what the human mind is capable of—certain things are inexplicable—so its a ‘god” doing it–or ”they”–or ”the elders”—doesnt really matter.
All fiction.—tell it enough times, and fiction becomes truth (A.Hit ler)
Which is exactly what broadcast media does—something is broadcast–however wacky–and it will dovetail into the belief system of someone, who will say ”aha”’that is the truth”—when in fact it is BS.
Add all the eddyisms to that list, and you get my drift.
people make a good living writing fiction–the more people believe it, the more money they make.—-so they keep churning it out.
Simple economics really
Physics tells us that energy cannot be created out of nothing.
Where did all of the energy of the Universe come from? Why does the Universe seem to be expanding? How did all of the order of the system come into being?
A person might think that there has to be some force that we might call a God to have this all happen. Religions grew up around common principles about how to live better with one another. While Christianity has the golden rule (Do to others as you would have them do to you), some religions have the slightly weaker silver rule (Do not do to others what you would not have them do to you).
I think you protest too much.
physics cannot supply the answers to everything—the more we find out, the more we reveal that waits to be discovered.
that has been so since humankind became ”aware”
so we have gaps in our knowledge—we always have and always will.
i think problems arise when we use ‘god’ to plug those gaps. (Lightning was always the wrath of Thor—then we found out it wasn’t)
And adherents of all religions ignore the tenets of their religions when demand arises.
there are some things in our life and existence that just ”are”—like the origin of the universe itself
one day we might come to know, chances are we won’t.—because constructive knowledge (in our modern context) requires an energy-rich society.
If energy surplus drains away, we won’t have the means to explore such extremes of knowledge.
so that will leave us.
22% increase in cancer – young people https://t.me/TommyRobinsonNews/49042 and https://www.bitchute.com/video/wGKbPz19ju3V/
Speaking of Cancer….BTW – a mouse ages 25x faster than a human… so 14 days = a year … too bad they killed the other mice – keen to see what happens after 30 days… and 60 days hahahaha
https://ashmedai.substack.com/p/pfizer-cancer-triple-jabbed-mouse
Being good scientists, they performed a thorough autopsy of the dead mouse, whereupon they discovered that there were massive amounts of cancerous blood cells that had penetrated into all of the organs they took samples of, including the heart, liver, kidneys, spleen, lungs and skeletal muscles.
The proliferation of the cancer cells was so extensive that they described it as “often completely obliterating the normal parenchyma” (‘parenchyma’ is the functional tissue of an organ; i.e. the “active” part of the organ that carries out the functions of that organ). In other words, the cancer cells had pretty much destroyed the organ tissues.
And this…
Why Cancer Is On the Rise
An easy-to-understand scientific explanation of why multiple doses of mRNA can harm the immune system
https://texaslindsay.substack.com/p/why-cancer-is-on-the-rise
“Anyone can model the energy supplies of a finite world as a bucket of sand and a scooper.”
Read that again Norman.
Followed by 18+ comments from FE. Immediatelly.
REALLY appreciate the work you do! Very insightful!!!
Thank you!
Gail, I like the new technical term “unglued” it is more specific then others used for the concept.
I agree that a world civilization of 8.5 billion will not run on renewables. I think there are niche areas that may do well with renewables. Such as placed with a mountain range facing a moisture rich sea breeze, like New Zealand, Norway, US Northwest.
I see articles that say Sweden has realized that wind and sun will not be enough and they are going to nuclear. Yes, even nuclear is limited but it is highly store-able. Sweden would be wise to store 200 years of nuclear fuel, right now.
People like to say thorium reactors are the way to go as there is a HUGE amount of thorium available. They fail to understand that liquid fuel thorium reactors breed their true fuel from Thorium into Uranium235. This takes time. The US supply of U235 is enough to start three(?) Thorium reactors. It is currently in a shipping container buried in the ground at Oak Ridge National Labs.
I hope that the folks also store spare parts of the nuclear reactors and the transmission infrastructure. Otherwise, they won’t be able to fix any problem that occurs.
Concrete doesn’t last 200 years, so they would need to build new nuclear reactors.
I would like to add input from left field (way out there beyond the astroturf).
I propose that the illuminati/powers that be/elders/elites/Bilderburgs/Davos crowd……..are utterly desperate at this stage. Terrified and frantic. The recent “admissions” by high level US military/intelligence officials that “UFOs are real and we have bodies and craft” are a two fold declaration.
World elites addressing 8 billion human souls (ok maybe only 2 billion giving allowance for walk ins and NPCs)
Firstly,
that “we” have been trying to secretly back engineer constructs that are essentially biblical time machines with magical powers (plasma field envelopes and gravity engines).
We have failed……..we need the help of the smartest minds humanity has to offer from every venue to crack this technology and give us the “manna from heaven” we desperately need as we collapse this civilizational house of cards. So we are allowing disclosure to now happen.
Secondly,
the world is not what you all have been led to believe. There is something out there much, much, much greater than our visible world……there, we told you……so please don’t kill us all as we are humans like you (please ignore the centuries of enforced servitude and the living in poverty while we lined our pockets)
Its too convenient in my humble opinion that hard disclosure (2017….US Navy gun camera releases) began almost in lock step with the beginning of oil energy descent (2018) and pandemic lock downs (2020).
Sus…..
I am willing to take a shot at reverse engineering. I still want you all hung from a lamp post.
Nukes become a liability once a war starts in the area. See Ukraine for details.
With these big agricultural machines that cause the compaction of the soil, but they are used in order to keep the food prices down, there will be no arable land as we knew it. Only some pastures. Some food production in raised beds with compost. But the large scale agriculture has nowhere to go, it operates on its limits. There are no roads for bigger and bigger machines. You fear these monsters when driving on the roads. My nephew owns and drives such machines. It was inevitable to adopt them.
But they can not grow bigger and bigger forever. They can not operate on the slopes like lighter and smaller machines.
This is where the eight legged walking farm equipment with four arms comes in to till, plant, weed, harvest even on slopes.
Good points.
The bigger and bigger wind turbines have similar problems. They need specially built roads to handle their large size.
Microsoft Defender is again reporting that this site is unsafe.
Thanks for the information. That seems to mean that I am saying something someone doesn’t like.
I’ll put something in requesting that they fix it.
It probably would help if others report the post as being OK.
Your post looks fine – but then again, I’m using an Opera browser on Linux….:-)
Bucket of sand is a nice analogy. Now, when does the comment show up claiming sand is abiotic? Actually, I suppose it is…..
Welcome back Gail, very happy to read you again, thanks for your article.
For the news:
about these ‘unsafe’ reports, it happened to me as well last month, but only using Microsoft Edge.
With another browser (Opera) it didn’t happen.
I made a test few minutes ago and it doesn’t happen anymore also with Edge.
So, I think that maybe Microsoft could modify its behaviour if the user say ‘I want to go on anyway’…
And, by the way, it can be also way to show they are wrong if a critical mass goes on saying ‘I want to go on anyway’…
I just sent in a report complaining (as the author), and telling that this had happened before.
You are on The List. That means the monitoring software has flagged OFW… and now a real person is monitoring … they won’t want this message to get traction — for good reason.
When they send men to have a word with you … tell them Fast Eddy is representing you in the negotiations…
We can start with demanding use of a private jet … daily flower deliveries… unlimited spa treatments… private hair dresser and chef… and a nice chunk of cash … say 250 million?
asylums are always safe
it’s the inmates that cause you problems
You are the absolute best. Thanks so much for your clear analysis and thoughtful presentation.
You are welcome. It seems to take me a while to figure out what to put in a post like this.
You know how bbcnn prepare bios for aging politicians … so they have them ready to roll when the pcs of sh-it die?
Have you done a final episode of OFW that you will drop when it looks like The Centre is disintegrating and BAU is going to pieces – and the Vaxxers are dying by the hundreds of millions
Can we get some teasers? Will you go with Fire and Brimstone? Maybe a prayer?
I don’t have a lot to add that I have not already tossed into the pot… although I might release the video of FE laying a whooooping on the Fat Bastard….
I think that would be a nice ruckus raising warm up for the Die Off clips that will come fast and furious as BAU’s pulse weakens and the Last Rites are being read.
Unholy Unholy Unholy … I summons the Demon from Hell… Let us prepare for the Curtain to be pulled and Pazuzu to be be revealed while we listen to The Song of the Dead https://metatron.substack.com/p/covid-requiem-aeternam?s=r
Gail,
One of your best posts, IMHO. It is comprehensive but clear, and is the kind of thing I can print out and hand to someone who has never thought about the meaning of the word “finite”, or simply trusted the word of authorities without independently considering any of the assumptions. Easy to also provide more back up data, and since your sources are all generally respected by the elites in this country, a first hurdle of credibility is cleared.
Thanks very much!
I have a hard time bringing things together, in a simple way.
https://www.amazon.co.uk/Legacy-Yann-Arthus-Bertrand/dp/B09TZFBK1B
I was just watching the above TV documentary when the latest OFW article appeared
I can only suggest watching/reading both in conjunction
Thank you for excellent article.
You are welcome.
Gail: You will be interested in my back of the envelope estimate of required new generation in the US to support the current auto and diesel truck fleet (based on total oil demand). It is posted at: https://www.dailykos.com/stories/2021/5/24/2031941/-Techie-Green-Deal-1-How-big-a-grid-is-needed-for-the-Green-Deal
Thanks!
1400 GW fine as long as it is not in my back yard nor up wind of me.
Thanks for the article. I noticed that the optimistic replies on streamlined permitting, solar roofing for parking garages and the sustainability initiatives of native canadians were interspersed with calls for strong policies on private charging times and moving away from just in time delivery. So we need to change the regulatory proces, economic standards and social and cultural habits of the target population to minimize the challenges of transitioning the grid for EV charging. Its not a realistic plan given the timeframe unless we have a reset.
Someone I know is considering buying an EV and charging it using roof top solar… and batteries..
I suggested he get some costings on that — for sure tens of thousands of dollars – factor in the battery you’d need would degrade and need replacing within 10 years… + all the other gear might break…
And then there is winter … like now … when the sun shines weakly and with those darn mountains in the way … you might get a few hours of UVs on your panels per day…
Or hey just go for it without Doing the Numbers … and feed the White Elephant.
And folks think DEMOcracy would be a good thing hahahahahahahahahahaha
So great to have a new post! Thank you Gail. Hope your summer is going well.
You are welcome. I am doing fine.