I was recently asked to be a keynote speaker for World Management Conference (WMC 2023) in Patna, India. The academic group that asked me to speak was particularly concerned about Complexity and Sustainability. A PDF copy of the presentation is available at this link.
The primary things I pointed out to the group were the following:
- The slower the growth, the more sustainable an economy is over the moderately long term.
- Energy consumption and the use of complexity tend to rise together.
- Too much complexity can lead to collapse.
- In general, the most “efficient” economies can be expected to do best.
- Over the long term, all economies will collapse.
- There have been shifts in which economies get a major share of available energy supplies. Shifting patterns are likely again in the future.
- India may come out ahead in an energy squeeze because its warm climate and conservative culture allow its energy consumption per capita to remain low.
A great deal of my presentation was simply a restatement of the words on the slides, in a slightly different way. So, my comments on the slides will be quite brief.
Of course, after complexity solves problems, population continues to grow, creating a similar problem all over again. This likely leads to the need for even more complexity.
My crude drawing represents the difference between slow growth in population and fast growth in population. Rapid growth is difficult to sustain for very long because arable land and fresh water don’t grow.
There is a similar problem if fossil fuel energy is being used. If growth in consumption is very fast (for example, China’s growth pattern starting in 2002), it becomes impossible to keep up the pattern. There can be two different problems: (a) Running short of fuels, leading to the need for higher-cost extraction and/or imports, and (b) Overpromising in the financial markets, leading to debt defaults and stock market crashes. China seems to be encountering both difficulties, even though its population is falling, rather than growing.
Organizing workers to plant and harvest crops represented a major step up in complexity, relative to hunting and gathering.
A metal tool, such as the one shown on Slide 5, greatly helped the productivity of farmers compared to using a sharpened rock or a piece of wood as a tool, or using only bare hands.
Of course, this list of uses is very incomplete. For example, both coal and natural gas are burned to create electricity.
As an example of a) above, a metal shovel allows more food to be grown. Food is, of course, an energy product that humans eat. Another example would be better drilling approaches that allow more oil to be extracted from a well.
Regarding b), greater complexity makes cars more fuel-efficient cars, making the cars less expensive to operate. This makes them more affordable, so more people can afford to buy them. This is known as Jevons’ Paradox. Although the devices look more efficient, the fact that more people can afford them allows the total amount of fuel used to increase.
Item c) relates to adding “buying power.” If more people can afford goods because of more government spending or more government debt, the added buying power keeps the demand, and thus the prices, of energy products up higher than they otherwise would be. The higher prices motivate businesses to extract harder-to-access energy resources that might not be profitable to extract if the prices were lower.
We extract the least expensive to extract oil, coal, or natural gas first. Even if our techniques get better, at some point, the price of fossil fuels used in growing and transporting of food becomes unreasonably high. Poor people, especially in low-income countries, have a hard time affording an adequate diet.
Slide 14 shows a chart I put together to try to explain the physics-based way economies are built. In a way, they are built in layers, with new businesses being added at the top, over old businesses, and new laws being added to old sets of laws. New human customers are added, too, and some die or move away.
Every action that contributes to GDP requires energy of some kind. It could be human energy powered by food, or human energy plus fossil fuel powered energy. Moving a truck or train requires energy. Even moving electrons, as in heating food or transferring electrons within transmission lines, takes energy.
One thing that keeps the system in balance is the fact that many of the consumers are also employees. If wages are not high enough (particularly for the poorer members of the economy), it becomes increasingly difficult for them to afford the basic goods and services that they need for living. Of course, changing interest rates or the availability of credit also affects the affordability of goods and services.
Early in the life of the economy, both energy consumption and complexity rise, as depicted in The Energy-Complexity Spiral by Joseph Tainter, illustrated on Slide 12,
At some stage, the economy reaches a point of too much wage and wealth disparity. Poor people cannot afford the necessities of life. Riots by poor people become common, as they did about 2018 and 2019, indirectly because of low wages and low benefit levels. Governments find ways to make goods more affordable, as many did in 2020 (partly by ramping up money supply and partly by limiting travel, thereby reducing oil demand and thus oil prices).
As the economy tries to bounce back, inflation and broken supply lines can become problems, as they did in 2021. More fighting tends to take place, as it did with the Ukraine conflict beginning in 2022. In some ways, the economy begins to sound like the book Nineteen Eighty-Four by George Orwell, with a great deal of censorship of opinions not conforming to government-sponsored views.
If the problem really is a resource problem that cannot be fixed with more complexity, the high level of wage disparity will ultimately lead to the population falling because poor people cannot afford necessities. Large cities are particularly prone to collapse. GDP can be expected to fall at the same time.
Politicians cannot admit that such a problem might be lying ahead because they want to be reelected. Educators want students to think that high-paying jobs for people with advanced education will continue to be available in the future. Businesses want people to believe that the cars and homes that they are purchasing will be worthwhile investments for many years in the future. Mainstream media has no choice but to tell the stories governments and businesses want told. Governments offer research grants on projects associated with the favored technologies, giving financial incentives to publish academic papers supporting the chosen narrative.
The whole process is assisted by the fact that academic areas within universities each seem to exist within their own ivory towers. Researchers within economics departments don’t understand that there is a physics reason for the world’s high energy consumption; “scientific modelers” don’t understand the limits of a finite world. Scientific modelers assume that growth can happen indefinitely, while both history and physics indicate that this is impossible.
The chart shown on Slide 19 is a repeat of Figure 1, shown at the beginning of this post. In this chart, the Organisation for Economic Co-operation and Development (OECD) is an organization of 37 rich countries of the world, including the US, Canada, most of the countries of Europe, Japan, Australia, and New Zealand. Its energy consumption clearly has been squeezed down since 2002, when China’s energy consumption started rising after it joined the World Trade Organization (WTO) in December 2001.
As mentioned on Slide 18, the share of world energy consumption of Russia (+ closely affiliated countries) has been squeezed back for a very long time. This may be part of the reason why Russia seems to be so unhappy.
India’s share of world energy consumption is small, but it has been growing.
The share of energy consumption by countries in the Rest of the World has also been growing. This group would include OPEC countries, plus the many poor countries around the world.
In item 4 on Slide 20, regarding vehicles being small, I mean that motorcycles, 3-wheeled auto rickshaws, and mini trucks are used to a much greater extent in India than in the richer countries of the world.
It might be mentioned that China’s per-capita energy consumption is now almost as high as that of Europe. At the time it joined the WTO in 2001, China’s energy consumption per capita was only about 25% of high as that of Europe. China would now seem to be in danger of having its share of world energy consumption squeezed back because it is itself becoming relatively rich.
The chart shows that India’s oil consumption has been rising, while its oil production has been trending downward for about a decade. Imports make up the difference. In an oil-constrained world, the question is whether oil imports will really continue to be available at an affordable price. Diesel and jet fuel are in particularly short supply.
India, like pretty much everywhere else in the world, gets the vast majority of its energy supply from fossil fuels. Using the Energy Institute’s (EI’s) way of counting, about 88% of India’s energy consumption in 2022 came from fossil fuels.
It is confusing to know how to count wind and solar because their electricity is not available when needed. If they are given credit as if they provide dispatchable electricity (which is EI’s approach), then their combined percentage is 6%. If wind and solar are counted as only replacing fuel, then their combined share of energy supply is about 2% or 3% in 2022. The International Energy Agency (IEA) uses the approach providing the lower indications, as do many researchers.
When an economy starts shrinking, as shown in Slide 15, there is a problem with supply lines breaking in an overly complex society. Much of the world experienced some broken supply lines in 2020 and 2021. We can expect more broken supply lines again in future years.
Supply lines are likely to get shorter because of the shortages of diesel and of jet fuel. In particular, fewer goods and services are likely to be shipped across the Atlantic or Pacific Ocean. More trade will be regional in nature. For example, India will probably have a larger share of its total trade with other countries of Southeast Asia than now.
We can expect more fighting among countries because the world will basically be in a situation of “not enough to go around.” India would do well to stay out of these wars.
Intermittency of electrical supply will likely become more of a problem in the future. Replacement parts after storms will be more difficult to obtain.
It is tempting for high energy economies to forget the importance of traditions and religion. Religions help bind groups together. Their laws and traditions give people a way to live with one another, without having a huge army of police being hired to keep order.
As economies become richer, the belief tends to become: The government can save us from all problems. We no longer need our traditional beliefs. All we need to do is focus on more even distribution of goods and services.
Unfortunately, the economy doesn’t work this way. Governments can print money, but they can’t print additional food and water. With broken supply lines, essential commodities such as fertilizer become unavailable. Population must drop for the economies to get back in balance. This is the reason that wars become more frequent, as complexity limits are hit.
Oh Canada:
https://oilprice.com/Latest-Energy-News/World-News/Deloitte-Canada-Set-To-Add-Nearly-600000-Bpd-To-Oil-Supply-Next-Year.html
“Global consulting firm Deloitte has predicted that Canadian oil producers will enjoy higher crude prices next year when the TMX pipeline begins transporting about 590,000 bbl/d for export.
A large chunk of these additional exports is expected to go to markets outside the United States, thus allowing Canadian producers to lower their dependence on U.S. refineries and narrow the WCS price differential.”
“The extra capacity created by the TMX pipeline is expected to boost Canadian production by about 375,000 barrels a day over the next two years. That’s more than the total amount added over the last five years,” Deloitte Canada’s Andrew Botterill said in an October 4 report.”
The play acting in DC is irrelevant. It has no meaning. There will be no change. Tax and steal. Only when the enemy is burned to the ground will there be peace.
“There will be no change.”
true.
“Only when the enemy is burned to the ground will there be peace.”
false.
We will talk in 33.
Our Revolting Elites by CHS
https://www.oftwominds.com/blogoct23/revolting-elites10-23.html
“Lasch’s critique aligns with historian Peter Turchin’s analysis on the structural sources of social disorder which he has updated in his latest work, End Times: Elites, Counter-Elites, and the Path of Political Disintegration.”
from a review
My take on it is that “End Times” is in a very real way the “Part 2” to his book “Ages of Discord” written now over a decade ago before things began aggressively disintegrating in the U.S. in particular, but other polities as well. For that, it is an excellent extension and middle book of an inevitable trilogy of our times.
sounds good, his 3rd part of the trilogy should be due about 2033, yes?
I promise to buy and read the 3rd part when published.
It is going to be a wild ride. I too will buy book three.
Ed,
Yes, a bumpy ride but people do willingly pay to ride a roller coaster. Perhaps think of it as an adventure, you have great skills, align them to the future, buckle up and for reference watch “High Noon” once in a while.
Frank Miller and three buddies road into town, intending great harm; all four became permanent residents. Gary Cooper road out of town with Grace Kelly, personally his former lover Helen Ramirez would have been my choice. But then, I am Norwegian, we were pretty diverse before it was the in thing.
Dennis L.
I know that India reports having quite high coal reserves (147 years of production at the 2020 rate of production), and that India’s coal production recently has been rising. Perhaps India has figured out how to get some of this coal out.
https://oilprice.com/Latest-Energy-News/World-News/Coal-Production-Surges-By-83-At-Indias-Largest-Power-Firm.html
Coal Production Surges By 83% At India’s Largest Power Firm
India also has the worlds largest thorium deposits. They have beaches of thorium sand! They are working on thorium reactors and China is working on thorium reactors.
The great satan is shutting down its fossil fuel industry.
So much for clean energy, huh? The greenies can talk a good game and yet places like China and India have some of the foulest environments. 🤨
Hold on, I’m a greenie and talk a good game, so much so that I’m flying in my clean, green private jet to talk at a climate conference next month.
China and India have some of the foulest environments partly because the West exported most of its dirty industry there.
“I know that India reports having quite high coal reserves (147 years of production at the 2020 rate of production), and that India’s coal production recently has been rising.”
that is such a very beautiful sentence, almost poetry.
In other words, the new IMEC trade-corridor from India, through Saudi Arabia + Israel and finally to Europe, is to make us switch off our societies in Europe in order to have products manufactured in India with coal.
And teenagers stop highways in Europe for protests against fossil fuels…
That’s hilarious !
Indian coal is useless for both power plants and steel making . It is mostly powder and with low caloric value . India is the second largest importer of coal in the world .
So, for what kind of use does India use its own coal ?
Thanks.
Electricity especially. Also, direct heat for recycling and even cooking. Smog is just terrible in India. India also burns clothing sent for recycling, for a kind of smoky, slow heat for some processes.
Low value applications like cooking , heating in North and North east India during winter, brick making ( manuelly done in India ) etc .
I know India is a big coal importer. It is getting more and more difficult to get reasonably priced coal imports, partly because of the transport cost and partly because of inadequate supply.
Australia’s coal quality is going downhill also.
https://www.zerohedge.com/commodities/arizona-cancels-saudi-land-deal-after-unchecked-amounts-groundwater-siphoned-alfalfa
Meanwhile, our ground water, or “fossil” water aquifers, are slowly being depleted.
Like Europe having had a very mild winter, California and the Central Valley were rescued this year with plenty of snow melt and rain fall. Haven’t checked up on the Grand Canyon’s Lake Mead water levels lately though. But which is it? Not enough rain or over use?
Kulm is going to hate this one:
>> Russian scientist wins Nobel prize
Aleksey Ekimov was part of a trio of researchers honored for discovering and developing quantum dot technology
https://www.rt.com/news/584047-russian-scientist-nobel-prize/
The prize is still sometimes awarded for real and useful technologies.
“Along with the vaccine, a child would be injected with a bit of dye (BMG Foundation – Luciferase?) that is invisible to the naked eye but easily seen with a special cell-phone filter, combined with an app that shines near-infrared light onto the skin. The dye would be expected to last up to five years, according to tests on pig and rat skin and human skin in a dish.
The system—which has not yet been tested in children—would provide quick and easy access to vaccination history, avoid the risk of clerical errors, and add little to the cost or risk of the procedure, according to the study, published Wednesday in Science Translational Medicine.”
“The team ended up using a technology called quantum dots, tiny semiconducting crystals that reflect light and were originally developed to label cells during research. The dye has been shown to be safe in humans.”
https://www.scientificamerican.com/article/invisible-ink-could-reveal-whether-kids-have-been-vaccinated/
The “dye” is safe for how long? Has it been tested for five years? What does it do to the intestinal biome, for example? Does it lead to ADHD or anything similar. The system has not yet been tested in children. I would hope that it is still many years away.
Gail nails another one:
Even going first doesn’t seem to be enough, almost like pay to play.
Wind company wants out, MA.
https://www.msn.com/en-us/money/companies/offshore-wind-company-wants-to-pay-large-fine-to-break-contract-in-latest-sign-of-trouble-for-industry/ar-AA1hI6Yu?ocid=msedgntp&cvid=2f83e51dc08a43d99af1a2f17af5455b&ei=9
Dennis L.
According to the article:
It is never going to be ready! It is now figuring out how expensive maintenance is of wind turbines in sea water. Transmission back to where the electricity is needed is a problem, too. Europe has been struggling with offshore wind for a long time.
Kevin Spacey rushed to hospital fearing ‘heart attack’: report
Kevin Spacey said he was rushed to the hospital on Monday after his left arm went numb while visiting Uzbekistan for a film festival.
https://nypost.com/2023/10/04/kevin-spacey-rushed-to-hospital-fearing-heart-attack-reports/
Hope it wasn’t a children’s hospital.
They have a type.
He’ll have been Rat Juiced
How about this:
“EV ownership is a symptom of Stooopidity” Fast Eddy
My self-driving, clean, green EV will still be out roaming the streets after I’m long gone, playing the best of 80s hair rock REALLY LOUD and saving carbon as it goes. My legacy to the planet!
So… I biked up a couple of dozen of these this morning – and did not have a heart attack… in fact I wasn’t even out of breathe https://i.postimg.cc/Dyvdqdss/Hill.jpg
Cuz I don’t have heart damage cuz I didn’t inject rat juice
BTW – 2 deer sprinted across that road but I was too slow to photo them before they leaped into the bush on the left
“The US Government Is Turning Our Food–meat & vegetables–into mRNA Vaccine Delivery Mechanisms”
https://www.paulcraigroberts.org/2023/10/02/the-us-government-is-turning-our-food-meat-vegetables-into-mrna-vaccine-delivery-mechanisms/
I don’t buy any of this — if they could do that they would have not injected people — and they would have said nothing about any of this and just made it happen
More misdirection from the PR Team
How about technology to make rat juice airborne? https://rumble.com/v3fsrl0-researchers-create-aerosolized-mrna-vaccine.html
Probably not likely as LNP aren’t very stable. Remember cold chain storage needed.
Book Review time (drag queen free)
Lord Macaulay The History of England up to the Death of William III 1846 vols I and II (of IV)
This was a monumental work of late Georgian English scholarship imbued with all the flavour of a winner’s triumphal prejudices with lashings of schad, as they say on the back label of the bordeaux. All four volumes were on the one dollar shelf at the thriftshop but I only brought home the first two as I never imaged I would even get that far, though it did seem a pity to break the set up. Half way through the first volume I decided to fetch them, but volume III was gone, just the final volume left. Anyway, vols I and II are both now just this side of pulp after our months together each night in the hot tub. The set had been published in Germany 1960s and I was its first reader. All the pages are still intact and readable if anyone wants to give it a go? If not, it’ll see me out as a reference book.
The reason I wanted to read the work was that it covered in great detail the period of the collapse of the Stuart dynasty in what has come to be known as the Glorious Revolution. I had held a fond spot in my understanding of the Stuarts in their dispossession, and Macaulay certainly pulled out all stops to dispell that notion. The seventeenth century were very turbulent years of violence. Nothing gave Macaulay more relish than to describe the manner in which condemned aristocrats faced their execution, some manly, some worms. Torture was standard treatment for interrogation. All lots of jolly fun and opportunity to display rectitude.
Although it seems, a Scottish life peer, Macaulay had a delightful perspective of their order’s role as aristos. He enjoyed the breathtaking hypocrisy of turncoat politicians, pragmatic apostasy of religions, and the fickle finger of “justice”. He was a very opinionated authoritarian but that is not to say he couldn’t write entertainingly for pages of unsubstantiated opinion as to the characters of contention a century and a half previously. Densely footnoted to largely letters, diaries and gazettes, he portrays a vivid depiction of their simulacrum.
Mary ( the newly installed Queen) had acquired at the Hague a taste for the porcelain of China, and amused herself by forming at Hampton a vast collection of hideous images, and of vases on which houses, trees, bridges, and mandarins, were depicted in outrageous defiance of all the laws of perspective. The fashion, a frivolous and inelegant fashion it must be owned, which was thus set by the amiable Queen, spread fast and wide. In a few years almost every great house in the kingdom contained a museum of these grotesque baubles. Even statesmen and generals were not ashamed to be renowned as judges of teapots and dragons; and satirists long continued to repeat that a fine lady valued her mottled green pottery quite as much as she valued her monkey, and much more than her husband.
Volume two ends with the installation of William III and Mary. The last two volumes are endless panegyric of beloved William. Sometime I might have a bit of a dig in Vol IV to see if there’s anything about the founding of the BoE which was I think in 1694, this period. Anyway, started onto something different in the bath, Turgenev. In summary, Macaulay offers the discerning reader a rich vein of schad.
CGT, don’t you think you may have been a wee bit harsh in your criticism of kulmie’s book reviews? I rather appreciate his take which, not infrequently is of books with which I’m familiar, and his perspective always has a quite interesting distinction from my own, but I don’t think it’s artificially generated. Have you read much of the Falconhust series?
Yes now he just needs to understand that he’s been played re klimax change – Fast is trying to bring him around on that as well
https://indi.ca/how-intelligence-is-dumb/
Just a coincidence of course. At least the required CV19 injections were ruled out. That’s a big relief.
“LSU DB Greg Brooks Jr. diagnosed with rare form of brain cancer after surgery to remove tumor”
https://www.cbssports.com/college-football/news/lsu-db-greg-brooks-jr-diagnosed-with-rare-form-of-brain-cancer-after-surgery-to-remove-tumor/
Every Vaxxer is ticking
Nice article. Brought a couple of songs to mind.
https://youtu.be/YB_3w0AZYTA?feature=shared
https://youtu.be/rbL0r_Lbd_4?feature=shared
One of the things this article says is
The US emergency broadcast test alert went off on cell phones across the US at around 2:20 today…..to test the emergency alert system…all for our benefit and protection of course. If you don’t believe me , just ask the residents of Lahaina, HI.
I wish I knew more about high tech. I’m wondering if this alert is cover for the government to harvest ping backs from all the cell phone users out there and build a registry of their “quad dot” ISP addresses. Kind of the same way they are trying to get you to get a vaxx passport ID card, a CBDC, and more clumsily, a national gun registry.
I used this announced alert to test my Faraday cage built for my ham radios, data storage back up, and my cell phone. No alert came through.
Of course, the next logical step by the government would be to issue a second unannounced national alert to catch people like me off guard and identify those, like me, who did not comply with this “Operation Stingray” on steroids.
The purpose of these alerts is to keep the primates on edge… as they prep them for UEP (the cannisters)
Here in NY state the announcement was in Spanish!!!!!!! The first page in Spanish and the second page in English. Down south amongst the rebs was it in English?
https://www.cnbc.com/2023/09/22/credit-card-losses-are-rising-at-the-fastest-pace-since-the-great-financial-crisis.html
Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs.
Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have been rapidly rising since the first quarter of 2022. Since that time, it’s an increasing rate of losses only seen in recent history during the recession of 2008.
It is far from over, the firm predicts.
This is concerning! Besides all of the other problems, credit card defaults will be adding to our problems.
By the way, I will be flying to Chicago tomorrow, on a short trip. I will be returning Saturday. Hopefully, I will have some time to comment and connections will work.
While researching for old Russian movies before the Revolution, I learned about a Eugen (Yevgeni) Bauer , an Austrian from the Bohmen province who came to work in Russia.
He made a lot of movies, of which 27 survives (because the Soviets threw them to some vault in Siberia and was not watched so the film did not wear out). Bauer specialized in psychological dramas.
Rather than provide a long list of summaries of his movies, I will summarize his movies with a few sentences.
1. It was OK for an aristocratic or rich woman to kill a man and suffer no consequences in Imperial Russia. It was one of their privileges. 2. When one’s wife /girlfriend/whatnot wanted to leave the man for a richer mate, the social obligation was the man to kill himself to get out of her way.
3. No one has any mercy over anyone. There is no human decency or whatever, and if someone falls off the ladder, he is stomped to death by the indifferent people.
Bauer died in Crimea, after fleeing the Bolsheviks at Petersburg, in 1917 and his death saved him from certain indignities by the Bolsheviks, who buried all of his movies as said above. It is the natrual state of humanity before the madness of 20th century, before Brigadier Chucky ‘did his duty’, etc. Everything to the top, nothing to the rest.
Watching his movies led me to realize why so many men from Russian Empire joined the Revolution – they were sick of their women taken away without recourse, and wanted revenge.
That aside, the state I described above is the basic human state , before fossil fuel gave humanity a century of false illusions. It is just going back to the basic state, as described by Thomas Hobbes, who preferred order so much that he fled Cromwell and became a tutor to the future Charles II.
Yes – and the return to pre fossil fuel years will involve no food … so mass cannibalism
UEP please
CLIMATE
ENERGY
Rooftop Solar Power Has a Dark Side
https://time.com/6317339/rooftop-solar-power-failure/
We are not alone. Obscured by the recent rush to sign up households for rooftop solar and speed up the electrification of America are those who already have solar panels on their roof that do not work. Many were early adopters who did the “right” thing for the planet, installing solar before the expanded financial incentives that came out of the Inflation Reduction Act (IRA). Because solar was more expensive in the 2010s, many entered into leases with solar companies to defray upfront costs, and many were left in the lurch when those companies went out of business. Often, their solar leases were packaged and sold, alongside thousands of others, to private equity companies and other investors who were not incentivized to ensure, years into the leases, that service was good or that panels even worked.
Bad operators have left many people with broken systems and a bitter taste in their mouth,” says Daniel Liu, head of asset commercial performance at Wood Mackenzie, an energy research firm. “It costs a lot to actually service these panels, and a lot of people have fallen through the cracks.”
…The number of complaints made about solar panels in the U.S. is increasing rapidly, according to TIME’s FOIA reporting
Complaints containing the phrase “solar panels” submitted to reportfraud.ftc.gov
This is Hilarious!!! And now they are paying 10x more for insurance for their EVs
hahahahahaha… I love it when there are consequences for stooopidity and delusion …
Oh and try paying off the debts when you are hobbled by a vax injury and can barely walk without risking a heart attack
What a wonderful world…
Delightful outcome this is
So, you get to pay the full price, whether they work or not.
If you sell your house, they will likely not add much value to it, I expect.
My guess always was they would subtract value as roofs need replacement; a challenge with panels in place.
Dennis L.
Good point! In the South, roofs need to be replaced quite often.
This is a table I found talking about how long many kinds of roofs last:
https://www.thisoldhouse.com/roofing/reviews/how-long-does-a-roof-last
An average roof lasts 25–50 years, depending on the quality, durability, and type of roofing material. You typically get what you pay for, so keep in mind that the cheapest option will require replacement sooner. For example, metal roofs cost much more than asphalt ones but last three times longer.
Here’s a breakdown of the average life spans of each roofing material:
Architectural shingles: 30–50 years
Three-tab asphalt shingles: 10–15 years
Clay tiles: 50+ years
Composite shingles: 40–50 years
Concrete tiles: 50+ years
Metal roofing: 20–50 years
Slate tiles: 50+ years
Wood shakes: 40–50 years
Wood shingles: 25–30 years
Living in a warm, wet climate makes roof deteriorate faster. Most roofs are asphalt in Georgia, where I live. I doubt that 3-tab asphalt shingles last 10 years here.
Agreed Dennis. I know in England there are potential issues with the structural integrity of the roof trusses and just seeing solar panels can put people off. I would imagine insurance and mortgage companies are demanding specific surveys for this problem, as modern preformed roof trusses are weak and generally only designed to accommodate the type of tile used, plus a small percentage for snowfall. There’s also the issue of the fitting, as I’ve heard some horror stories of the damage done by companies that then quickly disappear.
Are the talk shows on Russian state television just yes-men to power? Are the Duma parties other than the governing party United Russia just poodles that never bark, much less bite?
Among the very few contemporary books I’ve read this year was Sergei Glazev’s 2016 The Last World War – The US to Move and Lose One of his views I found most striking were his trenchant criticisms of the central bank governess, who was later blamed for the policy of keeping Russian Government reserves including gold in overseas depositories from where they were seized. Her standard common or garden BIS independent central bank role over the economy (pro commercial banker/oligarch) has been an approach that has puzzled me in light of the evil Vlad’s alleged predisposition towards helping the little man. Surely he’d put in someone less elite biaised and chum up less with the oligarchs. Admittedly, the latter has become more apparent to me since the war SMO began.
As I don’t watch tv or video online, I rely on online written reviews of what’s significant, from bloga, fora, newsportals all over. In Rissia this week I understand there was a television news analysis broadcast in which reknown member of the Duma was scolding the CB head:
Babakov told us that Nabiullina is leading the economy into the desert by its current policy of very high interest rates to combat inflation, all of which results in falling investments and stagnating production that, in turn, will set off a new round of inflation as output does not keep pace with buying power and demand. Babakov has every right to challenge the country’s financial management: he holds a Ph.D. in Economics from Moscow State University and is a successful entrepreneur who made his fortune by companies he co-founded in Ukraine in the energy sector and diverse interests including a major hotel in Kiev.
Babakov explained at length last night why Russia should look more closely at the Chinese model of economic and financial management, wherein the equivalent of Russia’s Central Bank, the Bank of China, is not an independent actor but works in close coordination with the government to support its growth plans and sets out different interest rates and conditions for the different levels of business, from small enterprises to medium and very large enterprises. Moreover, Babakov praised the Chinese rules on currency management and especially the controls on currency transfers abroad. Whereas in Russia anyone with the funds in his account can transfer up to one million dollars abroad each month, in China the limit is a thousand times less.
These remarks by Babakov are in direct contradiction with Nabiullina’s public rejection of the Chinese model as unsuitable to Russia last week at a meeting on finance at which other heavy hitters in the field, including the chairman of VTB bank (the former Foreign Trade Bank) Andrei Kostin also spoke. Kostin, by the way, had been advocating for a Chinese like bifurcation of the foreign exchange market between domestic and foreign transaction exchange rates.
gilbertdoctorow.com
In fact I found the full article a very insightful glimpse into the halls of Kremlin power. The author is an American retired in Brussels writing a blog on Russia in some ways like John Helmer, covering Russian economics, cultural life, and anecdotal society
“The best quote I could get was from Direct Line at £4,500,” he says, adding that the total cost exceeded £5,000 once the interest for paying monthly was included, “because who has got that kind of money in one go?”
https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs
hahahaha… he paid it!!! What a f789ing IM-becile… took out a loan to pay his f789ing car insurance… mentally ill … thinks he’s saving the world… RE-tarded…
The smart thing to do would be to unload the thing on some other green grooopie while it might still be possible… or better still crash the car and write it off… then buy a proper car…
hahahahahahaah… I love this shi t… first they sell these fools EVs … charged with coal… and they believe they are saving the world… then they inject the MOREONS with Rat Juice … telling them they are saving the world…
And to top it off — a Vaxxed bus driver suffers SADS from the Vax… crashes an EV bus – it catches fire… and a bunch more Vaxxers roast alive!!!
This is a great time for a misanthrope to be alive
(Byoblu + Giornale d’Italia + Presskit)
”PFIZER ITALY IS GOING TO LAUNCH A PROJECT TO INDOCTRINATE STUDENTS ON THE GOOD QUALITY OF ANTI COVID “VACCINES”
”The private company is going to launch a project in Italian high schools and universities to “disprove the news by working at the root.” But who will control Pfizer Italy?
At this point is clear that working on children and teenager’s minds has a clear objective…
And the size of the population is probably related to that…
https://www.byoblu.com/2023/10/04/pfizer-lancia-il-progetto-per-indottrinare-gli-studenti-sulla-bonta-dei-vaccini-anti-covid/
https://www.ilgiornaleditalia.it/news/cronaca/529634/pfizer-italia-scuole-disinformazione-vaccino-covid-conflitto-interessi.html
https://presskit.it/2023/10/01/pfizer-nelle-scuole-lalfabetizzazione-medica-quelle-considerano-fake-news-meta-ottobre/
Concrete is energy expensive:
https://www.globalconstructionreview.com/
Solar heating units are everywhere:
https://www.cnet.com/home/energy-and-utilities/solar-water-heaters-everything-you-need-to-know/
So many possibilities to lessen the plight from coming FF shortage
Or should we do nothing?
Do nothing. Accept death. Be a man
Men should channel the spirit of Albert (Mad Trapper of Rat river) Johnston. He was neither mad or really even a trapper….but he knew shit on a stick when he saw it.
He did something and he is remembered fondly.
In the contract talks, Kaiser said, it has proposed wage increases of 12.5% to 16% in total over four years, depending on the location.
Unions said the employer’s offer doesn’t go far enough to offset inflation. They are seeking a total wage increase of 24.5%.
https://mishtalk.com/economics/largest-healthcare-strike-in-history-underway-hello-biden-you-picketing-this-too/
Inflation ..is what brings down BAU. To be expected when affordable energy is in deep depletion … inflation … followed by deflation … followed by collapse.
Then centre is giving way
The world after Putin & Co wins
16th century wedding reanactment https://youtu.be/MJHHNdxxnL8?si=Tx4Lix0QRttTyMPL
Lev Tolstoy, who lived long enough to be filmed https://youtu.be/37cAlZAKPAo?si=bGejK1cH1o99z3eP
Moscow, 1908 https://youtu.be/bG-2rCl2BF4?si=osqyqYC-jxbscGyJ
Fish factory at Astrakhan, at the end of Volga https://youtu.be/wQa5ATRfVKo?si=srkqmOBMUAQW5dbA
Wolf Hunting in Russia, 1910 https://youtu.be/u0R7HE5j6mM?si=CmdQG9ULRPWEGCZY
What makes you think that the nation that is technologically decades ahead, at a fraction of cost, with vast resource reserves, will quickly go backwards so fast?
Or are you just talking about the west, as we’ve shot ourselves in the foot, with the dumb belief that we could dictate to Russia?
Moscow in the snow looked great and if you scroll down there’s a coloured version. I’m going to have a look at a few more tomorrow. Very interesting.
BAU is howling in agony…. put us out of our misery will ya
https://mishtalk.com/economics/bond-bulls-are-getting-crushed-in-a-relentless-selloff-its-not-china/
My understanding is the US federal government is allowed to borrow each year an amount equal to the total debt time the inflation rate. So a 10% inflation rate allows 3.3 trillion borrowing per year with no net increase in total real debt value.
Who sets the inflation rate is the part I do not understand. The US gov? The FED? The deep state?
A lot of people imagine themselves to be descended from the peasants, not from the line which beat the peasants for fun or efficiency. But the cold truth is the peasants usually left no descendants, and even if they did, they didn’t last long to reproduce. The line of William Shaxpear, the seed dealer suspected to be the Bard of Stratford (with no one asking questions about why this supposedly great writer never learned how to spell his name correctly), died out within 2 generations; ditto to 7 of his 9 siblings who survived to adulthood. The entire line was continued by a son of a sister who emigrated to USA.
Other than Donald Trump, every US President, including Barack Obama, carries some UK monarch’s genes in their family tree. In the advanced world, it is unlikely to find anyone who doesn’t have someone from what we would call the Privileged Class within 4 generations in the family tree, since without such one’s genes does not survive at all.
Let’s cut out the BS and simplify this.
Either there are discrete gene pools for different groups (such the gentry and the commoners in the Kulm worldview) with no intermixing.
Or there are discrete gene pools but with some intermixing.
Or there is one gene pool that encompasses them all.
The way I look at this is that there is basically one worldwide human gene pool analogous to the world ocean, but it is divided into lots of smaller gene pools as the world ocean is divided into oceans, seas, gulfs, bays, lagoons, etc.
And there some human groups that are cut off from the rest just as there are some seas or lakes or ponds that are cut off from the world ocean.
Our genes are like the water in the ocean, flowing this way or that, often following a current.
Sometimes they trickle down, and sometimes they trickle up, and perhaps they will trickle more down than up, and sometimes they will circulate among first cousins until they result in the birth of people with inbred characteristics such as the infamous Hapsburg lip, jaw or chin.
There are a lot more peasants than there are aristocrats or owners. And the bottom line is, every peasant will have a few drops of blue blood in them, and every aristocrat will have have more than a few drops of bog-standard common-as-muck blood in them. Because in the end, it’s the same blood, the same genes, the same water in the same ocean.
I know that female slaves often became the mothers of children by the conquering group. In this case, there was definitely mixing of the gene pool.
SEIZED OFFICE FLOOR IN HONG KONG’S CENTRAL CHANGES SOLD FOR 56% OFF 2018 PRICE
https://www.mingtiandi.com/real-estate/finance/seized-office-floor-in-hong-kongs-central-changes-sold-for-56-off-2018-purchase-price/
Unravelling …
Value of a human life will readjust to reality. Right now it is hard to kill someone. After the readjustment, the privileged will kill the not so privileged at will, since they are the law.
I gots no problem with offing Vaxxers when the time comes… that would be delightful
I prefer to use a baseball bat
A scene in the life after BAU is defeated
(In Japanese) http://www.ne.jp/asahi/choonji/namo/hanasi3-185.html tl, dr, A handful of red beans was stolen from the landowner’s warehouse. The landowner, looking for the beans, suspected a poor tenant’s child ate it and he sent men to find catch the child. When interrogated, presumably with physical forces, the child said he ate ‘something red’. The landowner paraded the child and his father as being thieves, and the father, to prove his innocents, slits open his child’s stomach and takes out a red frog. The child was hungry and wanted to eat red beans so the father had gotten a red frog to feed the child.
The story ends there, but the landowner would now order to kill the father, who appears to have lost sanity, for murder and the whole matter would be simply buried. I cited the movie Hara Kiri , where the administrator does NOT give a shit about the plight of a Samurai. In a resource poor society, the ONE and ONLY thing which matters is the preservation of the local order, NOTHING ELSE.
@Fast Eddy
About the Ecuadorean story, there was a movie called the Beach, a bunch of roundeyes trying to build a paradise in some island in Southeast Asia . But the writer, director and investor were too politically correct to get rid of the locals, just the same as the Ecuadorean retirees.
People like Cortez stopped at nothing to get rid of the pesky natives to build their paradises.
I quite enjoyed reading about the whiteys high tailing it out of ‘paradise’ hahaaha f789 em
Yes, why the US does not export the die off is beyond me. I guess it is up to Russia.
For the umpteenth time I say this
Without Police the local landlord is King. As late as 1815, when Jane Austen’s Emma was written, the official Job Description of Mr. Knightly, the largest landowner of the town , was a “Justice of Peace”, meaning he had the rights to kick out or kill whoever he didn’t like in the town. In the story “The Bookshop”, set in the 1950s, the would be bookshop owner is driven out from the town because the lady who owns the biggest land does not like what the protagonist is doing. (The movie, done by a Spanish director who remembered what happened in Spain during 1936-39, adds an additional sequence but chances are the girl who did that was driven out form the town) back to Feiudalism 1.0. Back to clearances where people’s houses will be razed, and the people driven out to the wilderness to die, because the Massa feels like building a hunting ground.
Dad influencer, 40, dies of heart attack while playing with his kids
The TikToker, known as Mister Pella Pazzo to his 1.8 million followers, had reportedly been playing with his kids at their home in Casalnuovo di Napoli, near Naples, when he began to feel ill, Jam Press reported.
Femmine fell on the floors and lay motionless, prompting family members to rush the father of three to the Villa dei Fiori hospital, in Acerra, La Stampa reported.
The heavily-tatted dad also, somewhat controversially, flaunted his ostentatious lifestyle, posting videos of himself driving luxury vehicles and rocking fancy suits.
https://nypost.com/2023/10/04/dad-influencer-40-dies-of-heart-attack-while-playing-with-his-kids/
“Pride comes before destruction, and an haughty spirit before a fall. -Proverbs 16:18
At some point the MOREON Vaxxers will become suspicious and not believe the long covid excuse…
Before that happens – it will be best to exterminate them
(Byoblu + Ansa)
“EU PARLIAMENT APPROVES SPYWARE IN JOURNALISTS’ PHONES”
This would be enough to close EU Parliament and that even if we consider the current low level of EU journalists…
https://www.byoblu.com/2023/10/04/il-parlamento-ue-approva-gli-spyware-nei-telefoni-dei-giornalisti-la-rassegna-stampa-di-byoblu/
https://www.ansa.it/nuova_europa/it/notizie/rubriche/politica/2023/10/03/pe-approva-media-freedom-act-si-a-spyware-per-reati-gravi_981428b1-8ff6-4326-9a60-a30e206c9383.html
The word “journalist” is misleading. I prefer to call them “agents”. So there will be agents spying other agents. La belle affaire!
I thought that this chart from Zerohedge tells an interesting story.
https://cms.zerohedge.com/s3/files/inline-images/2023-10-04_05-34-54.jpg
This is the Zerohedge story: From LTCM To 1966 – The Perils Of Rising Interest Rates
In my opinion, the thing that is left of is the Shutdowns of 2020 in response to the covid crisis. These also indirectly were related to rising target interest rates. There was a financial crisis brewing that needed to be covered up. Covid and the vaccines did the job.
Bravo, Gail… this last paragraph:
In my opinion, the thing that is left of is the Shutdowns of 2020 in response to the covid crisis. These also indirectly were related to rising target interest rates. There was a financial crisis brewing that needed to be covered up. Covid and the vaccines did the job.
…is worth a whole new post in itself 🙂
There are multiple articles on that here https://www.headsupster.com/forumthread?shortId=220 that could be the basis for said article.
I’d go with the article that demonstrates EVs and Renewable Energy tie into Klimax Change to create villains and hopium… I don’t think any other doom author has made this connection …
It’s FE’s gift to OFW
“High growth of real broad money is associated with rising asset prices and healthy balance sheets, and tends to precede above-growth trend in demand and output. In the five months to September US M3 (as measured by Shadow Government Statistics) increased at an annualised rate of 9.2%, in the context of sub-2% inflation. Real money growth was therefore unusually high, the highest in fact since 2007. In the Eurozone also recent money growth has been robust. In the six months to August the annualised rate of growth of M3 was 7.3%, with inflation at about 1%. Since the USA and the Eurozone together account for 40% of world output (in current prices and at current exchange rates), these developments argue against a recession in 2020. They suggest that, on the contrary, the world economy should start 2020 in good form. “?
https://mv-pt.org/wp-content/uploads/2019/10/Monthly_e_mail_1910_No_global_recession_in_2020.pdf
At some point, this kind of thinking has to fail. We need more than money to grow the world economy; we also need inexpensive to extract resources. Some inefficient parts of the world economy have to be squeezed out.
the world economy in its current state, grew only on cheap surplus energy.
there has been nothing else.
there are NO cheap to extract resources left.
unfortunately the common thread of thinking is that we only need to ”spend more money” in order to ”grow the world economy.”
I’d normally be quite concerned about this situation .. trying to work out how to position to stay alive or benefit… but nah… nothing can be done this time…
Now we just wait for UEP to complete … for the cannisters to do their thing…
“.. trying to work out how to position to stay alive or benefit… but nah.. nothing can be done this time…”
Did you ever take my suggestion and buy the 2-pack of Hacksaws from Bunnings?
Or you could deploy actor Michael Caine’s “pull my finger” routine from the movie “Children from Men.”
You have options.
That is it, the EU is out of materiel to send to UKR. NATO chiefs warned for months that materiel stockpiles had run dangerous low and without the military industrial base to restock them. The situation is similar in USA.
Russia has the best military industrial base in the world by far and it can maintain its high materiel production. USA/ NATO has much higher production costs and gets far less for its buck, and it simply does not have the production capacity to compete in attrition war with Russia.
Russia has successfully relied on a strategy of attrition war and it is only to be expected that Russia wins in UKR. That was always obvious from the outset. The NATO campaign in UKR has been a complete debacle and a major cringe from the get go. It has left NATO with dangerously low materiel.
Ukraine’s Europe Weapons Supply To End? Zelensky’s Autumn Offensive In Limbo | Report
The European Union countries have reportedly denied providing more military assistance to war-torn Ukraine. According to Politico, EU nations said they have given Ukraine all the arms they can, but they can’t compromise on their security. This comes after the failure of the US Congress last week to allocate more aid to Ukraine, the election victory of former Slovak Prime Minister Robert Fico, who vowed to stop assistance to Ukraine, and the fallout with staunch NATO supporter Poland over grain exports. Watch this video to know more.
The UK too is out of materiel to send to UKR.
The UK basically does not have a military anyway, as a Parliamentary report made clear in July, and no military industrial base. The UK has faked it for long enough.
https://www.telegraph.co.uk/world-news/2023/10/02/britain-run-out-of-arms-send-to-ukraine-says-military-chief/
Britain has ‘run out of arms to send to Ukraine’
We’ve given away all we can afford and other countries should step in, says senior military chief
Britain has run out of defence equipment to donate to Ukraine and other countries should step in and shoulder more of the burden, a senior military chief has said.
…. ‘We’ve given away all we can afford’
Last night a senior military source told The Telegraph that the onus should not be on the UK to provide the “billions” Mr Wallace has called for.
“Giving billions more doesn’t mean giving billions of British kit,” they said, adding that the UK had a role to play in “encouraging other nations to give more money and weapons”.
“We’ve given away just about as much as we can afford,” they added.
“We will continue to source equipment to provide for Ukraine, but what they need now is things like air defence assets and artillery ammunition and we’ve run dry on all that.”
…. Thousands of anti-tank weapons, short-range missiles and armoured vehicles have also been given by the UK to Ukraine.
‘Every tank we give is one less we have’
The military chief said there was no prospect of providing more British tanks to Ukraine.
“We’ve given away pretty much everything we can afford to give,” they added.
“The Challenger 2s that we have will become Challenger 3,” they said.
“We need them to upgrade them to become Challenger 3. Every tank we give away is one less that we have.”
I’ve posted before about the state of the U.S military, but it appears even worse than I thought.
https://simplicius76.substack.com/p/army-war-college-report-predicts
It also appears that is not going to stop them escalating .
Unless ‘policy’ has changed?
“By the time you got to the first Bush administration, after the collapse of the Soviet Union, they came out with a national defense policy and strategic policy. What they basically said is that we’re going to have wars against what they called much weaker enemies and these have to be carried out quickly and decisively or else there will be embarrassment—a way of saying that popular reaction is going to set in. And that’s the way it’s been. It’s not pretty, but it’s some kind of constraint.” ?
https://www.nakedcapitalism.com/2018/03/noam-chomsky-populist-groundswell-u-s-elections-future-humanity.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29
Pope Francis warns world ‘is collapsing’ due to climate change
Pope Francis warned Wednesday the world “is collapsing” due to global warming, urging participants of the upcoming COP28 climate talks to agree to binding policies on phasing out fossil fuels.”
https://www.france24.com/en/live-news/20231004-pope-warns-of-irreversible-climate-change-urges-un-action
It sounds like the Pope is echoing the words of politicians of all types. The Pope also pushed vaccines.
The Vatican was the very first place that mandated Trumpcine for Christmas mass.
Yes, this Pope is fully in line with western propaganda.
The only difference about that is the detail that he generally adds:
‘hey folks, try not to fight each other, try to get along, please’
How much evil do you have to do … to do good
I will assume hundreds of private jets will haul the participants to the talks…
This is all quite funny in that it’s all fake … they fly in ..eat nice meals… drink wine .. bang their favourite hookers… release statements about the progress they are making … then fly home
Reminds me of my days in HK – we’d have these extravagant luncheons with loads of wine on a Saturday …. when the bill came we’d split it then battle for the receipt — the person who won would then say — we talked business right – yes you just said the word business — that would allow the person to legitimately write off the entire lunch…
Got to put the blame somewhere else… certainly not on his lap regarding contraceptives or population limits…
Never mind the Catholic Church was the lightening bolt for colonization and genocide of the native populations and condoned slavery…all in the name to saved souls.
Kulm can tell you all the various methods of torture done to heathens and heritics throughout History by the Vatican and wars waged…
https://m.youtube.com/watch?v=GgmGnUzhlfg&pp=ygUTTW92aWllIHRoZSBtaXNzaW9uIA%3D%3D
Mission (1986) – Scena finale (ITA)
Jesuit priest Father Gabriel (Jeremy Irons) enters the Guarani lands in South America with the purpose of converting the natives to Christianity. He soon builds a mission, where he is joined by Rodrigo Mendoza (Robert De Niro), a reformed slave trader seeking redemption. When a treaty transfers the land from Spain to Portugal, the Portuguese government wants to capture the natives for slave labor. Mendoza and Gabriel resolve to defend the mission, but disagree on how to accomplish the task
No heathens or heretics nowadays. You just get cancelled, de-platformed, or called a cornz-piracy theo-wrist and spreader of misinformation in your Wikipedia entry. Unless you’re Julian Assange, then you go to prison.
Or better yet accused of past bad boy behavior of earlier wild oats days of nameless victims and unrelenting investigations…i.e. Russell Brand
That’s true. Witch hunts are the order of the day once more.
You can’t blame the Catholic Church for the sins of the Portuguese Government, surely?
I didn’t know the Church was in control of the Portuguese Crown during the sixteenth and seventeenth centuries, although no doubt the Church had a lot of influence.
All under the blessing of the Cone Head Rome..
That’s why…yes, if he protested out n the street in the gutter
Norman, Keith, or any other scientific expert on the forum,
please help us out with this one.
Please give us the benefit of your expertise.
Please tell us why the Antarctic Ocean is just as icy at the start of this October as it was at the start of October 37 long Southern hemisphere springtimes ago?
Why hasn’t FE’s Rayburn made any dent in that at all?
https://autoearth.wpenginepowered.com/wp-content/uploads/2023/10/AntarcticaSeaIce.jpg
They will simply ignore this
https://www.reuters.com/world/europe/least-20-dead-italian-coach-crash-near-venice-mayor-tells-local-media-2023-10-03/
Before Eddy gets to it:
>> The cause of the accident was unclear. Venice city councillor Renato Boraso said one line of enquiry was that the driver, a 40-year-old Italian who was among those killed, had been taken ill before the crash
Yes from Italian newspaper it seems that the driver had a sudden death while he was driving and that the bus, as it was electric, it took fire very quickly instead of a diesel one.
Is the destiny trying to say something to us ?
Pleased to announce that no italians died there. Just the driver who was dead anyway. Lots of Ukrainians and other tourists though.
hahahaha… so good… hopefully all the passengers that died were vaxxed
The world is unhinging… the centre is crumbling… is this the final bucket list activity? Back to civilization tomorrow
Oh what am I saying .. it was just the other day that someone told me that the media is overplaying the situation in China… and the global economy… it’s not so bad.
Of course no basis for the comment … just made it up … this is what MOREONS do
Larry Johnson’s Sonar21 site has just been closed down.
Was reading and all of a sudden, “this account has been suspended” popped up. Wonder if it’s permanent or just some web renewal needed. Tried reloading through a VPN but got the same no matter which country I tried.
Not sure whether it is the same Larry Johnson but he has some bones in the closet as well, as well as Clif high
http://mileswmathis.com/shroyer.pdf
Yeah, same bloke and he did get slaughtered in the comments. He writes some interesting stuff and some rubbish, as he still believes it’s just a few bad apples, which is naive to put it politely.
his site is online again, as you probably can see.
Thanks David. Just a hosting problem it appears.
“Carbon offsetting is a ‘waste of time’: Scientists say tree-planting schemes loved by celebrities as an excuse for flying are actually HARMING nature”?
https://www.dailymail.co.uk/sciencetech/article-12588683/Carbon-offsetting-waste-time-Scientists-say-tree-planting-schemes-loved-celebrities-excuse-flying-actually-HARMING-nature.html
That view was widespread 15 years ago. Some compared it to the scandal – pre-Reformation – of the Catholic Church selling indulgences.
I suppose it continued because it makes rich people richer.
I would agree. The trend toward more and more tree cutting continues in poor countries, at the same time that forests in rich countries somewhat grows back. It is a lot like indulgences.
“The clean energy economy turns out to be the metals energy economy”?
https://resourceinsights.blogspot.com/2023/10/the-clean-energy-economy-turns-out-to.html
We only need 5-30 times more metals production of various kinds, against a backdrop of falling ore grades. Easy peasy.
Right. And then these metals need to be sent across oceans, using diesel fuel, to be used in rich countries.
Pointing out facts to MOREONS usually results in them getting angry …
“EV Battery Factory Will Require So Much Energy It Needs A Coal Plant To Power It”?
https://cowboystatedaily.com/2023/09/22/ev-battery-factory-will-require-so-much-energy-it-needs-a-coal-plant-to-power-it/
The details we aren’t told about. The whole chain for making cars and batteries takes a huge amount of fossil fuels. The cars end up being very heavy. They tend to damage roads and overload high rise parking lots. They also tend to start fires that are hard to put out.
Just read that EV car insurance is sky high too and has risen dramatically in the last few years!!
When David did secure a new deal, the annual cost rocketed from £1,200 to more than £5,000.
“My insurer was Aviva from July 2022 to July 2023, but when it was coming up for renewal, I received a letter stating that they would not be covering the Tesla Model Y any more,” David says. “I am a member of a Tesla UK owners forum, and lots of other people seem to be having the same issue.”
In the Facebook group, members share stories of horror renewal quotes, with increases ranging from 60% (up to £1,100) to a staggering 940% (a jump from £447 to £4,661, according to a screengrab shared by one driver).
“I spent weeks on every comparison site as well as trying individual insurers and specialist brokers, but either they wouldn’t cover the car or the quotes were £5,000 or more,” says David, whose only change in circumstance was three points on a licence.
Privilege, Vitality, Axa and the specialist broker Adrian Flux were among the brands he found were “unable to insure him at this time” before he nailed down a policy with Direct Line, albeit at a price.
https://www.theguardian.com/money/2023/sep/30/the-quotes-were-5000-or-more-electric-vehicle-owners-face-soaring-insurance-costs
Wow!
What do you get when you add stooopidity to MOREONISM then compound it?
An EV owner who has been vaxxed a minimum of 6x who believes we have been to the moon and that an airplane hit the pentagon hahahahaha
“EV Battery Factory Will Require So Much Energy It Needs A Coal Plant To Power It”?
https://cowboystatedaily.com/2023/09/22/ev-battery-factory-will-require-so-much-energy-it-needs-a-coal-plant-to-power-it/
https://climateandeconomy.com/2023/10/02/2nd-october-2023-todays-round-up-of-economic-news/
Regarding the roundup of economic news, many of the articles are of interest:
“Once Unthinkable Bond Yields Are Now the New Normal for Markets. It was the week that bond markets finally seemed to grasp what central bankers have been warning all year: higher interest rates are here to stay.
“From the US to Germany to Japan, yields that were almost unthinkable at the beginning of 2023 are now within reach. The selloff has been so extreme it’s forced bullish investors to capitulate and Wall Street banks to tear up their forecasts.
“The implications stretch far beyond markets to the rates paid on mortgages, student loans and credit cards, and to the growth of the global economy itself.”
https://www.bloomberg.com/news/articles/2023-09-30/once-unthinkable-bond-yields-are-now-the-new-normal-for-markets
“I cannot stress this enough: “The escalating risk from the global destruction in collateral value of fixed-income securities in a highly levered economy is profoundly concerning.”
https://twitter.com/TaviCosta/status/1708337058354532701
“What could break under higher-for-longer interest rates?
https://www.thedailystar.net/business/global-economy/news/what-could-break-under-higher-longer-interest-rates-3430996
“This is incredible: Interest rates were literally at 5,000 year lows over the last decade, according to Bank of America. Now, we are right around the historical average. However, rates have been rising near the fastest pace in history.
“Many people have not experienced inflation this high and interest rates at these levels in their adult lives. This is why rising rates are coming as a shock to consumers. The era of low rates and “free” money is officially over. Higher rates are the new (and old) normal.”
https://twitter.com/KobeissiLetter/status/1707803721604702447
“England’s Slow-Motion Debt Crisis Rolls Into View… Call it a Lehman moment for UK local government….
https://www.washingtonpost.com/business/energy/2023/10/02/england-s-slow-motion-debt-crisis-rolls-into-view-with-birmingham-money-trouble/ad2c070c-60e0-11ee-b406-3ea724995806_story.html
“How will Europe weather a second winter without gas from Russia?
Europe may have dramatically cut its reliance on Russian gas, but it has never been more exposed to price shocks in the global market.”
https://www.theguardian.com/business/2023/sep/30/how-will-europe-weather-a-second-
“Russian gas production so far this year has slumped to levels not seen since the 1970s.
“The country’s state energy giant Gazprom said in its latest report that gas production in the first half of 2023 was 179.45 billion cubic meters (bcm). Gazprom added that this represents a year-on-year decrease of nearly a quarter (24.7 percent), and a 26.5 percent drop in gas supplies to the domestic and foreign markets.”
https://www.newsweek.com/russia-gas-production-collapse-ussr-levels-1831087
“Saudi Arabia to tap international debt markets as deficits return…
“Some analysts have predicted the kingdom’s economy would shrink for the first time since 2020 at the height of the COVID-19 pandemic, although a hefty dividend from state oil producer Saudi Aramco (2222.SE) could offset some of the deficits.”
https://www.reuters.com/world/middle-east/saudi-arabia-tap-international-debt-markets-deficits-return-2023-10-01/
“Challenges Escalate For The Wind Energy Industry…
“Europe and the United States risk missing their ambitious wind power installation targets as soaring costs, supply chain delays, and low electricity prices at auctions hamper development and lead to a cancelation of offshore wind projects.”
https://oilprice.com/Alternative-Energy/Wind-Power/Challenges-Escalate-For-The-Wind-Energy-Industry.html
“Slumping Lithium Prices Signal Angst Over China’s Demand Outlook…
https://finance.yahoo.com/news/slumping-lithium-prices-signal-angst-015054063.html
“The clean energy economy is really a metals energy economy that isn’t going to be as clean as many think…
https://resourceinsights.blogspot.com/2023/10/the-clean-energy-economy-turns-out-to.html
“Challenging the accepted wisdom: why economics isn’t ‘up to the job’ of tackling climate change…” Extraordinary quote from Jakob Wegener Friis (deputy head of cabinet for the European Commissioner for Economy):
““I’m not sure that our profession of economics and its founding ideas are really up to the job: factoring in the end of the physical world is not part of what we do… We are talking about scarcity of resources, and how we exploit scarce resources to generate income, which accumulates in wealth. But what if the externalities are so overwhelming that it leads to a turning point in terms of climate change? You know, I don’t think the profession is necessarily up to the job.””
https://www.globalgovernmentforum.com/challenging-the-accepted-wisdom-why-economics-isnt-up-to-the-job-of-tackling-climate-change/
I was especially surprised by this last quote–someone from the field of economics admitting that economics is not up to the task of looking at the issue of scare resources.
The World is now on fire… it’s raging hot…
Just waiting on the sirens now
supply of credit growth vs resource depletion
yep, it’s the epic battle of our times and we, the fortunate points of consciousness witnesses to the nova, interpret the signals from our five senses to read entrails
to chatter
It’s a wonderful life
No one knows the future
Another thing that is concerning is the fact that Russia’s natural gas production dropped by nearly one quarter in the first half of the year. The production of natural gas is surprisingly uneven around the world, In Billion Cubic Meters, the 2023 Statistical Review of World Energy gives the following production for 2022:
1. United States: 978.6
2. Russia: 618.4
3. Iran: 259.4
4. China: 221.8
5. Canada: 185.0
6. Qatar: 178.4
7. Australia: 152.8
8. Norway: 122.8
One year earlier, in 2021, Russia produced 702.1 BCM of natural gas, which was 17% of the world’s total supply. Russia had a big drop in production in 2022 according to the 2023 Statisical Review of World Energy, and this news item indicates that the drop continued (or increased) in the first half of 2023.
World total production of natural gas dropped in 2022, because of Russia’s big drop in production. It is possible that world total production of natural gas will drop in 2023, as well, with this drop in Russia’s production. This is part of what makes world natural gas supplies tight. Perhaps, in time, Russia will increase its natural gas supply again and pipe it south, instead of west.
The EU, in total, produced only 41.1 billion cubic meters of natural gas in 2022. It consumed 397.0 BCMs of natural gas in 2021, and 343.4 BCMs in 2022. With either amount, it requires a huge amount of imports.
Planning to offset wind and solar with natural gas depends a lot on the availability of reasonably priced natural gas. The problem is that shipping natural gas any distance is expensive, especially as LNG.
Why doesn’t the EU tap into the gas that leaks out of Super Snatch’s fester?
Perhaps the stench is to horrifying?
norm – how do you tolerate it?
Tradingeconomics is reporting today
“The EIA reported US gasoline demand’s four-week average fell last week to 8.3 million bpd, the lowest for this time of the year since 1998. Oil prices were also pressured by news that Russia may lift its diesel ban in the coming days. Moreover, investors turned cautious amid growing concern about a looming slump in global economic growth.”
tradingeconomics.com/commodity/crude-oil
doesn’t sound too good, either.
All this … so people could have lights… rapacious monster
http://www.hideoutnow.com/2018/02/inside-eerie-sub-antarctic-abandoned.html
Thanks, it gives a perfect idea of how humans behave versus physical resources.
This is why the moment you sense imminent violence – you immediately swing to break the jaw… cuz this is the kind thing some folks will pull on you … https://t.me/TommyRobinsonNews/51766
You pre-empt this … with a massive knockout punch… who gives a f789 if they moan that you suckered them… they were gonna head butt you …
And once you knock them down .. do NOT stop… do NOT let them up … you have two feet … you put the f789ing boots to the f789er… you pounce on him and continue with the beating …
This is how you prepare for what is coming. And once there are no police you pull out the baseball bat… the high powered rifle.
MOREONS are dangerous. They must be dealt with
That is what I like to see. None of the fatalistic I’ll be eaten by the horde. Don’t forget your shot gun.
looks like tommys going back in solitary
what’s he done this time…punched a warder?
Hey doomies — this is what happens when desperation takes hold… ya think it can’t happen where you are -think again
https://archive.ph/Q4YiG#selection-373.0-373.77
This is really good SCHAD — assume she was excited cuz she about to be crowned… and that triggered her heart attack -hahahahaha
The Kansas City Star ran a pretty shocking story yesterday headlined, “Homecoming queen hopeful collapses on football field and later dies, Ohio school says.” Bre McKean, 17, a senior at Ohio’s Mapleton High School, had sudden, unexpected, and mysterious “medical emergency” while she was on the football field about to be crowned Queen at a homecoming football game last Friday, September 29th.
In other words, she was fine and then she suddenly and unexpectedly collapsed while being announced on the homecoming court. Despite receiving prompt emergency medical care, Bre died at the hospital the same night.
The rest of the game and the next day’s homecoming dance were cancelled by the school district.
McKean was an athlete who played volleyball, softball and basketball at her school, where her father is the athletic director. No cause of death has been released, pending results of an autopsy. My money is on some kind of heart attack, what do you think?
You know, back in the old days, a tragedy like this would have caused the parents to go nuclear, testify before Congress, and form some foundation like “Justice for Bre.” But nowadays, the bereaved parents just move on, because Bre wouldn’t have wanted them to dwell on the past or something. It’s very weird.
https://www.coffeeandcovid.com/p/ms-diversity-tuesday-october-3-2023
Jabbed Lives Shatter.
It still saddens me no end to read these stories, but that’s nothing to exasperation I feel at the inability of most people to notice or acknowledge what’s going on.
But here in Japan, one man is taking it to the streets. Vaccine expert Professor Miyazawa of Kyoto University is risking his career going around the country and speaking to the crowds passing by at major railway station concourses.
And by and large, people are passing by and ignoring him, some even walking a little faster to get away from “the loony”.
https://www.aussie17.com/p/breaking-professor-miyazawa-takes
These are the points that Professor Miyazawa seems to be making:
1. He questions the perception of COVID-19’s risk compared to influenza.
2. States that mRNA vaccines may cause more harm, including deaths, compared to conventional vaccines.
3. Raises doubts about adhering to conventional wisdom in pandemic management, urging immediate cessation.
4. Notes an increase in the number of infected individuals with each vaccination round, despite reported vaccine efficacy.
5. Observes a significant rise in excess deaths among the elderly population, despite high vaccination rates.
6. Highlights the correlation between excess mortality and vaccination.
7. Emphasizes the urgent need to investigate excess deaths, but governments are not disclosing the data.
8. Expresses doubt about vaccine safety and the lack of transparency from governments in disclosing the data.
9. Expresses confusion about government officials downplaying reported vaccination damage.
Thank you for doing the hard work of summarizing this, Gail.
Next time I go to Kyoto, I plan to look him up and offer to buy him a beer.
Just prior to smashing in the face of the Fat Bastard… Fast Eddy was engaged in mocking Vaxxers outside a chemist who were queued to get their Rat Juice taunting them with ‘Free Myocarditis – Get your Heart Damaged here’ hahaha
The vitriol that was hurled at FE was quite intense hahahaha…
eddy
you were doing no such thing.
stop lying to elevate your trivial credibility
//////speaking to the crowds passing by at major railway station concourses.
And by and large, people are passing by and ignoring him, some even walking a little faster to get away from “the loony”./////
Tim, that reminds me of somebody, for the moment i can’t think who.
can you give me a gentle reminder?
This is why I enjoy reading about the vax injured so much….
Kevin McCarthy removed as House Speaker.
Well, I’m told this is unprecedented.
https://www.cbsnews.com/news/house-vote-matt-gaetz-kevin-mccarthy-motion-to-vacate-watch-live-stream-today-2023-10-03/
Washington — House Speaker Kevin McCarthy was ousted from his leadership position in a historic vote on Tuesday after a far-right revolt over his reliance on Democrats to pass funding to avert a government shutdown.
The final vote was 216-210, with eight Republicans joining all the Democrats to vote to remove McCarthy.
“The office of Speaker of the House of the United House of Representatives is hereby declared vacant,” said Rep. Steve Womack, who was serving as presiding officer.
Rep. Patrick McHenry of North Carolina, a top ally of McCarthy’s and a member of the Financial Services Committee, was then appointed. The rules of the 118th Congress state that “in the case of a vacancy in the office of speaker, the next member” named on a list submitted by McCarthy to the clerk of the House in January will become speaker pro tempore until a speaker is elected.
It’s the first time a House speaker has been removed in a no-confidence vote.
“The one thing that the White House, House Democrats and many of us on the conservative side of the Republican caucus would argue is the thing we have in common — Kevin McCarthy said something to all of us at one point or another that he didn’t really mean and never intended to live up to,” Gaetz said on the House floor Tuesday.
Along with Gaetz, seven Republican members voted to oust McCarthy —Reps. Andy Biggs, Ken Buck, Tim Burchett, Eli Crane, Bob Good, Nancy Mace and Matt Rosendale.
Yes, we’ve heard about it.
What are the real reasons ?
His fight against Biden ?
Thanks.
You’ even heard about it in Italy?
Gosh, news travels far and wide these days! 🙂
You raise good questions.
My take:
The Dems voted against him out of spite, as they would love nothing better than to re-install the rotting corpse of Nancy Pelosi in the Speaker’s chair., and as a reflex action since they are conditioned to bite and scratch Republicans at any opportunity. Notice how a lot of them have eyes, teeth and general demeanor of rabid animals.
This one was last seen emerging from Dracula’s crypt.
https://matzav.com/wp-content/uploads/2022/02/AOC.jpg
The Magas voted against him out of frustration because he didn’t deliver on all the things he promised them he would. And they are looking for somebody more actively aggressive in the fight against wokism, progressivism, globalism, etc., and someone who will have that carnival barker cum savior of the American way Donald Trump’s back in the upcoming election campaign.
According to Tom Renz:
So why was KM removed from his role and what does it mean? There were many reasons but let’s start with the promises he broke that allowed him to become speaker:
To role back IRS funding – NO ONE wants 87,000 new IRS agents to harass low and middle class Americans (they will not affect the billionaire class). McCarthy has failed to do anything about this despite having perfect opportunities to do so in the debt ceiling negotiations and the temporary funding bill he just pushed through for the democrats.
Removing some Dems from some Committees – he did some of this but not enough. Frankly his actions here were weak in my opinion. On a related note he has done nothing to fix the damage from the J6 Committee.
Investigate/Impeach Mayorkas for the Southern Border Calamity: We have had a bunch of meaningless investigations led by people you can count on to dodge real issues and do nothing but talk about their findings (COVID committee anyone?). That said we have more than enough info for impeachment proceedings against Mayorkas, Garland, Biden, and others yet we have barely been able to get an inquiry moving against the Big Guy himself.
Create a Select Committee on China: this was about dealing with the Chinese war on America. We the people are tired of military aged Chinese men streaming through the souther border, the absurd trade imbalances, the massive level of espionage, and the Chinese influence over most of our elected officials. What real changes have you seen to any this since KM took the speaker seat?
Ending Proxy Voting: Congrats – he did this.
To push bills focused on “culture issues” – McCarthy had plenty of opportunity to end the trans/sexualization of our kids that is occurring in the schools and doing so would have been popular across the board. He could have also protected our military from being an absurd experiment in wokism. All he had to do was to negotiate it as part of the debt ceiling or funding resolutions. He didn’t nor would he take any real actions in the future.
https://tomrenz.substack.com/p/mccarthy-a-loss-for-the-gop-a-win
There is no longer any economic solution that will work. Our basic problem is that there is not enough cheap-to-extract energy to extract. Politicians are divided on which of many approaches might work. Liberal approach of handouts to everyone and reducing the police force clearly didn’t work where it was tried.
The House Speaker problem is just a reflection of the overall problem.
Thanks for your comment Gail
Maybe this update from Bloomberg can be useful:
“McCarthy Ouster Means More Turmoil as Next Shutdown Fight Looms”
It seems to me a situation like getting angry with the siren of fire-alarm, instead of trying to understand why there was a fire…
https://news.bloomberglaw.com/daily-tax-report/mccarthy-ouster-means-more-turmoil-as-next-shutdown-fight-looms
For what it is worth, Jim Jordan is running for House Speaker:
https://www.zerohedge.com/political/jim-jordan-entertains-bid-house-speaker
In my town we use the conservative approach to police; we do not have any. It saves money. Most households have guns.
The liberal approach of no police and no guns of course leads to crime.
I am afraid that is the way things are going.
The politicians say they want socialism. This means they need to nationalize all business in the US and then pay out the dividend as a universal basic income. This is out of the Overton window for congress persons, hence confusion.
How high the UBI should be is a fight. Does the war increase the UBI? If not why are we having a war?
I am quite pleased that they are running out of ways to kick the can… observing the panic as rates squeeze the MOREONS is quite enjoyable … notice the uptick in violence… that’s a response to the panic…
Kulm
Just make sure you understand “Hands Up” in Mandarin Chinese’.
It is said that the whole Nato faction is outspending Russia by 12 times during this war.
However, there is nothing to show for it.
One negative thing with this war is that the success of Russia and its friends will discourage investment on big and great things which drive Civilization since the efficiency is rather poor.
I am wondering if the US funding for the Ukraine war will go to zero from now on, because of lack of unified support for the spending. As readers have probably heard, McCarthy was voted out as Speaker of the House today.
https://www.zerohedge.com/political/mccarthy-out-today-motion-vacate-first-order-business-says-he-hasnt-struck-deal-dems
This adds some uncertainty to the current situation.
https://web.archive.org/web/20210125021442/https://www.nytimes.com/1994/05/15/magazine/on-language-shoulda-coulda-woulda.html
A hard-edged question was posed to Hillary Rodham Clinton at her Whitewater news conference: what about “the suggestion in the R.T.C. memorandum . . . you and your husband knew or should have known that Whitewater was not cash-flowing and that notes or debts should have been paid”?
“Shoulda, coulda, woulda,” the First Lady replied. “We didn’t.”
Some journalists narrowed their eyes at this airy dismissal of financial responsibility in land speculation at the place Mrs. Clinton prefers to refer to as “northern Arkansas.” My own investigative lust was instantly replaced, however, by linguistic curiosity: Whence the reduplication shoulda, coulda, woulda?
The order of words in this delicious morsel of dialect varies with the user. On the sports pages of The Washington Post of Dec. 7, 1978, Gerald Strine wrote about the New England Patriots football team: “The Pats coulda, shoulda and woulda been ahead of the Cowboys by at least 16-3 at halftime . . . but three field goals were blown.”
Eleven years later, in a United Press International account of another football game, the phrase again led with coulda, as a shamefaced kicker was quoted: “I should have kicked the extra point, but coulda, shoulda, woulda doesn’t do it.”
By the 90’s, football players were fumbling the order. Said a Notre Dame tackle, Aaron Taylor, offside on his subject-verb agreement: “There’s no excuses. Woulda, shoulda, coulda is not going to cut it.”
During the last two decades, an author told Vernon Scott of The Hollywood Reporter he planned a “Shoulda, Coulda, Woulda book”; a retailer opined to Investor’s Business Daily about the decline of Carter Hawley stores: “There are shoulda-beens, coulda-beens, woulda-beens, but the fact is they didn’t meet the retail revolution that happened in the past five years.” And the funk-and-roll singer Anthony Kiedis (misidentified as a “rap singer” by the incognoscenti) wrote and sang in 1991, “Shoulda been, coulda been, woulda been dead if I didn’t get the message going to my head.”
We have here an elision field. Elide, rooted in the Latin for “to strike out,” means “to omit”; in speech, an elision is the omission of letters and sounds to produce compressions like don’t and couldn’t, or as the would-be boxer played by Marlon Brando in “On the Waterfront” said, “I coulda been a contender.”
In this rhyming compound, a triple elision does the hat trick: although each elision expresses something different, when taken together, the trio conveys a unified meaning. Shoulda, short for should have (and not should of, which lexies call a variant but I call a mistake), carries a sense of correctness or obligation; coulda implies a possibility, and woulda denotes conditional certainty, an oxymoron: the stated intent to have taken an action if only something had not intervened.
These meanings were explored separately in a 1977 song by the country singer Tammy Wynette, whose earlier song “Stand By Your Man” was unintentionally derogated by Mrs. Clinton during the 1992 campaign. In “That’s the Way It Could Have Been,” Ms. Wynette’s chorus goes: “That’s the way it could have been [ possibility ] ./Oh, that’s the way it should have been [ correctness ] ./If I had met you way back then,/That’s the way it would have been [ conditional certainty ] .”
Lexicographers have been tracking the individual elisions for decades. First came woulda, translated into Standard English in Dialect Notes in 1913: “Would a went, would have gone.” Theodore Dreiser introduced coulda and the solid woulda in his 1925 novel, “An American Tragedy”: “I coulda chucked my job, and I woulda.” A 1933 book on crime used the third elision: “You shouldda seen him.”
Taken together, the term means …..
Well, civilization I is all about corruption.
Ferocious …
https://wolfstreet.com/2023/10/02/commercial-real-estate-cmbs-delinquency-rates-for-offices-spike-to-nightmare-levels-malls-have-been-a-nightmare-for-years/
https://wolfstreet.com/wp-content/uploads/2023/10/US-CMBS-delinquency-2023-10-02-office_.png
The emptiness of malls astounds me. I cannot see how the stores that are open can continue to stay open.
Office are probably close to as bad.
We don’t hear about churches. Attendance is down, but I don’t know whether giving is down as much. The size of building a church needs would now seem to be lower.
I was astounded that malls were viable 40 years ago. I never found what I was shopping for in a mall. I remember thinking how long can this silliness go on? I guess if you live long enough everything comes and goes. Malls are still with us now, but for how long I wonder?
The Rapacious Primates now prefer to Earth pillage online
Continuing to plug holes in the dam
https://mishtalk.com/economics/the-feds-emergency-liquidity-program-btfp-is-over-100-billion-whats-going-on/
FE , the FED gives loans to banks against the Mortagage Backed Securities {MBS} of Freddie Mae , Freddie Mac , FHLB etc without any haircuts . LOL . All these entities are bankrupt . If their securities are ” marked to market ” instead of “mark to maturity “their value is ” ZERO ” Another Ponzi . A new post by quark on the unsustainable US debt and also Japan and EU debt . Amazing work . Spanish but Google translate works .
https://futurocienciaficcionymatrix.blogspot.com/2023/10/la-espiral-infernal-de-la-deuda-usa-y.html
We are dealing with an economy that becomes a Ponzi Scheme when there is inadequate energy to support it. It tends to collapse.
The Ponze has gone bad… it smells like Super Snatch’s rotting fester… on steroids.
Recall final scene Utopia … carving Yr of the Rabbit symbol on his chest… with the cannisters in the background… Yr of the Rabbit has just under 3 months remaining
Do we have more than 3 months remaining before extinction? It’s not looking good
It is not sign of rabbit but the Chinese word “rabbit”.it is eerie… perhaps it is a way for the sinulation to tell us the game ends now
They are beginning to lose control… surely the pathogen will be unleashed soon
As long as it is to take out the immune weakened bring it on.