Today’s energy bottleneck may bring down major governments

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Recently, I explained the key role played by diesel and jet fuel. In this post, I try to explain the energy bottleneck the world is facing because of an inadequate supply of these types of fuels, and the effects such a bottleneck may have. The world’s self-organizing economy tends to squeeze out what may be considered non-essential parts when bottlenecks are hit. Strangely, it appears to me that some central governments may be squeezed out. Countries that are rich enough to have big pension programs for their citizens seem to be especially vulnerable to having their governments collapse.

Figure 1. World supply of diesel and jet fuel per person, based on Middle Distillate data of the 2023 Statistical Review of World Energy, produced by the Energy Institute. Notes added by Gail Tverberg.

This squeezing out of non-essential parts of the economy can happen by war, but it can also happen because of financial problems brought about by “not sufficient actual goods and services to go around.” An underlying problem is that governments can print money, but they cannot print the actual resources needed to produce finished goods and services. I think that in the current situation, a squeezing out for financial reasons, or because legislators can’t agree, is at least as likely as another world war.

For example, the US is having trouble electing a Speaker of the House of Representatives because legislators disagree about funding plans. I can imagine a long shutdown occurring because of this impasse. Perhaps not this time around, but sometime in the next few years, such a disagreement may lead to a permanent shutdown of the US central government, leaving the individual states on their own. Programs of the US central government, such as Social Security and Medicare, would likely disappear. It would be up to the individual states to sponsor whatever replacement programs they are able to afford.

[1] An overview of the problem

In my view, we are in the midst of a great “squeezing out.” The economy, and in fact the entire universe, is a physics-based system that constantly evolves. Every part of the economy requires energy of the right types. Humans and animals eat food. Today’s economy requires many forms of fossil fuels, plus human labor. This evolution is in the direction of ever-greater complexity and ever-greater efficiency.

Right now, there is a bottleneck in energy supply caused by too much population relative to the amount of oil of the type used to make diesel and jet fuel (Figure 1). My concern is that many governments and businesses will collapse in response to what I call the Second Squeezing Out. In 1991, the central government of the Soviet Union collapsed, following a long downward slide starting about 1982.

All parts of economies, including government organizations and businesses, constantly evolve. They grow for a while, but when limits are hit, they are likely to shrink and may collapse. The current energy bottleneck is sufficiently dire that some observers worry about another world war taking place. Such a war could change national boundaries and reduce import capabilities of parts of the world. This would be a type of squeezing out of major parts of the world economy. In fact, shortages of coal seem to have set the stage for both World War I and World War II.

Each squeezing out is different. When there are physically not enough goods and services to go around, some inefficient parts of the economy must be squeezed out. Payments to pensioners seem to me to be particularly inefficient because pensioners are not themselves creating finished goods and services.

World leaders would like us to believe that they are in charge of what happens in the world economy. But what these leaders can accomplish is limited by the actual resources that can be extracted and the finished goods and services that can be produced with these resources. When there are not enough goods and services to go around, unplanned changes to the economy tend to take place. These changes work in the direction of allowing parts of the system to go forward, without being burdened by the less efficient portions.

[2] The importance of diesel and jet fuel

Diesel and jet fuel are important to today’s industrial economy because they fuel nearly all long-distance transportation of goods, whether by ship, train, large truck, or airplane. Diesel also powers most of today’s modern agricultural equipment. Without the use of modern agricultural equipment, overall food production would decline drastically.

Without diesel, there would also be many other problems besides reduced food production. Diesel is used to power many of the specialized vehicles used in road maintenance. Without the ability to use these vehicles, it would become difficult to keep roads repaired.

Without diesel and jet fuel, there would also be an electricity problem because transmission lines are maintained using a combination of land-based vehicles powered by diesel and helicopters powered by jet fuel. Without electricity transmission, homes and offices without their own solar panels and batteries wouldn’t be able to keep the lights on. Gasoline pumps require electricity to operate, so they wouldn’t operate either. Without diesel and electricity, the list of problems is endless.

[3] Green energy is itself a dead end, but subsidizing green energy can temporarily hide other problems.

Green energy sounds appealing, but it is terribly limited in what it can do. Green energy cannot operate agricultural machinery. It cannot make new wind turbines or solar panels. Green energy cannot exist without fossil fuels. It is simply an add-on to the current system.

The reason why we hear so much about green energy is because making people believe that a green revolution is possible provides many temporary benefits. For example:

  • The extra debt needed to subsidize green energy indirectly increases GDP. (GDP calculations ignore whether added debt was used to produce the added goods and services counted as GDP.)
  • Manufacturers can pretend that their products (such as vehicles) will operate as they do today for years and years.
  • The educational system is given many more areas to provide courses in.
  • Citizens are given the hope that the economy will grow endlessly.
  • Young people are given hope for the future.
  • Politicians look like they are doing something for voters.

Unfortunately, by the time that the debt comes due to pay for subsidized green energy, it will be apparent that the return on this technology is far too low. The overall system will tend to collapse. Green energy is only a temporary Band-Aid to hide a very disturbing problem. Its impact is tiny and short-lived. And it cannot prevent climate change.

[4] Energy bottlenecks are a frequent problem.

Energy bottlenecks are a frequent problem partly because the human population has tended to increase ever since early humans learned to control fire. At the same time, resources, such as arable land, fresh water supply, and minerals of all kinds, are in limited supply. Extraction becomes increasingly difficult over time (requiring more inputs to produce the same output) because the easiest-to-produce resources tend to be exploited first. Extracting more fossil fuels to meet the energy needs of a growing economy may look like it would be easy, but, in practice, it is not.

As a result of energy bottlenecks, civilizations often collapse. Sometimes war with another group is involved. In such a case, the population of the losing civilization falls.

[5] The standard supply and demand model of economics makes it look like prices will rise in response to fossil fuel shortages. The discussion in Section [4] shows that energy supply bottlenecks often occur. When they do occur, the response is very different.

Figure 2. From Wikipedia: The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a positive shift in demand from D1 to D2, resulting in an increase in price (P) and quantity sold (Q) of the product.

The model of many economists is far too simple. Based on the model shown on Figure 2, it is easy to get the idea that a shortage of oil will lead to a rise in prices. As a result, more oil will be produced, and the problem will be solved. Or perhaps efficiency changes, or substitution for a different type of fuel, will fix the problem.

When bottlenecks appear, the real situation is quite different. For example, increases in oil prices tend to cause food prices to rise, and thus increase inflation. Politicians know that citizens don’t like inflation and therefore will not vote for them. As a result, politicians tend to hold down prices. The resulting prices tend to fall too low for producers, and they start producing less, rather than more.

Energy products of the right kinds are essential for making every part of GDP. If there is not enough of the right kinds of energy products to go around, what I call some kind of “squeezing out” is likely to take place. Early on, there may be changes that reduce energy consumption, such as cutbacks in international trade. More businesses may fail. Eventually, some parts of the world economy may disappear, such as the central government of the Soviet Union in 1991. Or war may take place.

[6] When there is not enough energy of the right kinds to go around, spreading what little is available “thinner” doesn’t work.

As an example, if people need to eat 2,000 kilocalories per day, and if the food supply that is available would only supply 500 kilocalories per day (on average), giving everyone the same quantity would lead to everyone starving. Similarly, if a communist government gives every worker the same wage, lateness and “slacking off” become huge problems. Experience in many places has shown that equal pay for all, regardless of native abilities, responsibilities, or effort, simply doesn’t work. Somehow, diligent work and greater responsibility needs to be rewarded.

When an energy bottleneck occurs (leading to too little finished goods and services in total being produced), what I call a “squeezing out” takes place. Such a squeezing out may be initiated in many ways, including a war, angry citizens overturning a government, financial problems, or a shift in climate. The winners in a squeezing out end up ahead; the losers see collapsing institutions of many kinds, including failing businesses and disappearing government organizations.

[7] Most people do not understand the interconnected nature of the world economy, and the way the whole system tends to evolve.

The Universe is made up of many temporary structures, each of which needs to “dissipate” energy to stay away from a cold, dead state. We are all aware that plants and animals behave in this manner, but businesses of all kinds and government organizations also require energy of the right kinds to grow. They get much of their energy from financial payments that act as temporary placeholders for goods and services that will be made in the future using various types of energy, including human labor.

Strangely enough, because of the physics of the situation, business and government organizations are also temporary in nature, and in some sense, they also evolve. In physics terms, all these structures are dissipative structures. Physicist Francois Roddier writes about this broader kind of evolution in his book, The Thermodynamics of Evolution. In fact, economies themselves are dissipative structures. I have written about the economy as a self-organizing system powered by energy many times, including here, here, and here. All these self-organizing structures eventually come to an end.

History is full of records of economies that have collapsed. The book Secular Cycles by Peter Turchin and Serjey Nefedov analyzes eight of these failed economies. Populations tend to grow after a new resource is found or is acquired through war. Once population growth hits what Turchin calls carrying capacity, these economies hit a period of stagflation. This period lasted 50 to 60 years in the sample of eight economies analyzed. Stagflation was followed by a major contraction, typically with failing or overturned governments and declining overall population.

[8] Logic and some calculations suggest that the world economy is likely to be reaching a major downturn, about now.

One way of estimating when a major contraction (or squeezing out) would occur would be to look at oil supply. We know that US oil production hit a peak and started to decline in 1970, changing the dynamics of the world economy. This started a period of stagflation for many of the wealthier economies of the world. Adding 50 to 60 years to 1970 suggests that a major downturn would take place in the 2020 to 2030 timeframe. Since it was the wealthier economies that first entered stagflation, it would not be surprising if these economies tend to collapse first.

There have been several studies computing estimates of when the extraction of fossil fuels would become unaffordable. Back in 1957, Rear Admiral Hyman Rickover of the US Navy gave a speech in which he talked about the connection of the level of fossil fuel supply to the standard of living of an economy, and to the ability of its military to defend the country. With respect to the timing of limits to affordable supply, he said, “. . .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.”

Confusion arises because some people would like to believe that fossil fuel prices can rise to extraordinarily high levels, and this will somehow permit more fossil fuels to be extracted. However, as I discussed in Section [5], the problem is really a two-sided one. Politicians want to hold fossil fuel prices down to prevent inflation, while oil producers (such as those in OPEC+) choose to reduce production if prices are not sufficiently high to meet their needs.

An easily missed point is that tax revenue from the sale of oil is often a large share of the total tax revenue of oil exporting countries. Because of this issue, in order for prices of oil to be adequate for oil exporters, they must include a wide margin for payment of taxes. These taxes are used to support the rest of the economy. For example, in Saudi Arabia, taxes provide support for huge building programs that provide jobs for citizens, but are of questionable long term value. These projects keep citizens happy, at least temporarily. Without adequate subsidy from tax revenue, citizens would want to overturn governments–a form of collapse.

[9] Energy problems are easily hidden because “scientific models” are considered to be important in forecasting the future. These models tend to be misleading because they leave out important elements regarding how the economy really works.

The easiest models to make are the ones that seem to say, “the future will be very similar to the recent past.” These models miss turning points. They assume that growth will continue even though resource extraction can be expected to become more difficult. Some examples of overly simple models include the following:

  • Money is a store of value. (Not if the economy has stopped functioning properly because insufficient energy resources are available.)
  • Forecasts of Social Security payments recipients will be able to receive in the future are overstated. (It takes energy of the right kinds to produce the goods and services that the elderly require. If the economy is not producing enough goods and services because of energy extraction limits, the share that pensioners can receive will need to fall so that workers can be paid adequately. Inflation-adjusted benefits to the elderly must be much lower or disappear completely.)
  • Climate models give high estimates. (These models miss the real-world difficulty of extracting fossil fuels. They also assume the economy can grow indefinitely, greatly overstating future CO2.)
  • Future energy supply based on “Reserve to Production” ratios give high estimates. (Reserve amounts are often puffed-up numbers to make an oil exporting country look wealthy.)
  • Energy Return on Energy Invested models greatly overestimate the value of intermittent wind and solar energy. (It is easy to assume that all types of energy are equivalent, but intermittent wind and solar cannot replace diesel and jet fuel.)

[10] Added complexity is not a solution to our energy problems.

Many people believe that if we can just be smarter, we can solve our energy problem. We can add more fuel-efficient engines, more advanced education, and more international trade, for example. Unfortunately, many things go wrong, leading to an upward energy complexity spiral. Difficulties include:

  • The complexity changes with the best payback tend to be discovered and implemented very early.
  • Added complexity may lead to higher energy consumption if cost savings result. For example, more vehicles may be sold if reduced fuel consumption makes their operation more affordable to a wider number of users.
  • Wage disparity results because the wages paid to highly educated employees and those in managerial positions leave little funding available to pay less-skilled workers.
  • Less-skilled workers indirectly compete with similarly skilled workers in low-wage countries, further holding their wages down.

It is clear that we are now moving past the limits of complexity. For example, international trade as a percentage of GDP has been falling for the world, the US, and China.

Figure 3. Trade as a percentage of GDP based on World Bank data for the World, the United States, and China.

Countries are now actively trying to bring supply lines back closer to home. Trips for goods across the Atlantic and the Pacific Oceans are being reduced, saving diesel and jet fuel.

[11] Repayment of debt with interest acts like a Ponzi Scheme if there is inadequate growth in the energy supply.

Most people today do not realize the extent to which the entire financial system is dependent on growing inexpensive-to-produce energy supply of the right kinds. It takes physical resources of the right kinds to produce goods and services. Resources such as fresh water, copper, lithium, and fossil fuels require more and more energy consumption to produce the same amount of supply because the easiest-to-extract resources are extracted first.

When the economy is far from limits, adding more debt (or other types of promises, such as shares of stock) does seem to increase “demand” for finished goods and services, and this, in turn, tends to increase the production of fossil fuels and other commodities. Thus, for a while, increased debt does indeed increase energy supply.

But when we start reaching extraction limits, instead of producing more fossil fuels and other commodities, higher debt tends to produce inflation. (In other words, more money plus practically the same amount of finished goods and services tends to lead to inflation.) This is the issue central banks are up against today. Central banks raise interest rates in response to the higher level of inflation, partly to compensate lenders for the inflation that is taking place, and partly to make their own economies more competitive in the world economy. The combination of higher interest rates and higher inflation is problematic in many ways:

(a) Ordinary citizens find that they must cut back on discretionary goods and services to balance their budgets. This tends to push economies in the direction of recession and debt defaults. Some citizens find they need to apply for government assistance programs for the first time.

(b) Businesses find it more difficult to operate profitably with higher interest rates and inflation. Businesses increasingly expand in programs supported by government subsidies, such as those for electric cars and batteries, as it becomes increasingly difficult to make a profit without a subsidy. In the US, defaults seem especially likely on commercial real estate loans.

(c) Governments become especially squeezed. Many of them find that their own tax revenue is falling at precisely the time when citizens need their programs most. Governments also find that with higher interest rates, interest costs on their own debt rises. Subsidized programs increasingly seem to be needed to keep the economy operating. The number of retirees also grows year after year. Government debt levels spiral upward, as shown for the US on Figure 6.

With all these issues, the world becomes increasingly prone to war. Political parties, and even groups within political parties, find it increasingly difficult to agree on solutions to problems. The stage seems to be set for an array of worrisome outcomes, including major debt defaults, failing governments, and even widespread war.

[12] The world economy was able to grow rapidly in the 1950 to 1980 period because of a rapid rise in energy consumption. Now, there is an energy bottleneck. The recent increases in interest rates seem likely to burst debt bubbles. They may even squeeze out some major economies with pension programs for their citizens.

Figure 4. Measures of average interest rates of 3-month US Treasury Bills and 10-year Treasury Securities, in a chart produced by the Federal Reserve of St. Louis.

On Figure 4, the significant increases in interest rates up until 1981 corresponded to a huge increase in world energy consumption in the 1950 to 1980 period (Figure 5).

Figure 5. World per capita energy consumption, with the 1950-1980 period of rapid growth highlighted. World Energy Consumption by source, based on Vaclav Smil’s estimates from Energy Transitions: History, Requirements and Prospects (Appendix) together with data from BP’s Statistical Review of World Energy for 1965 and subsequent years. Population estimates used to produce per capita amounts are based on estimates by Angus Maddison for dates prior to 1950. They are based on UN estimates for more recent years. Chart prepared by Gail Tverberg in 2018.

The rapid rise in fossil fuel consumption in Figure 5 was the reason why the economy was able to grow as rapidly as it did in the 1950 to 1980 period. Raising interest rates acted like brakes on the economy and lowered oil prices. The Soviet Union was the economy most harmed by these low oil prices. It also had a communist form of government that did not work well, compared to capitalism. Ultimately, the central government of the Soviet Union collapsed in 1991.

Now, the rise in interest rates during 2022 and 2023 on Figure 4 correspond to a very different situation. Extraction of fossil fuels, and in particular the heavy oil used to produce diesel and jet fuel, is no longer growing rapidly. Instead, what has been growing is debt, especially government debt. Figure 6 shows US government debt through April 2023. US government debt spurted upward in 2020 and is still rising rapidly.

Figure 6. US Public Debt, based on a chart prepared by the Federal Reserve Bank of St. Louis.

The business closures in 2020 and interruptions in travel reduced oil prices and provided a good excuse for more government debt. All this debt added buying power, but it didn’t actually produce very many goods and services. Instead, it added a debt bubble. Similarly, investing in close-to-useless green energy temporarily added GDP, but it mostly added a huge debt bubble. Raising interest rates is likely to burst these debt bubbles.

The US and other rich countries have also put in place pension plans for the elderly. These are not treated as debt, but they depend upon resources of all kinds being available to feed, clothe, and provide shelter to a growing army of retirees. If there is not enough diesel to allow as many goods and services to be produced as are produced today, there is likely to be a huge problem if payouts to pensioners aren’t significantly reduced. Other citizens will be unhappy if retirees get a disproportionately large share of the reduced supply of goods and services. Some will say, “Why work if retirees on pensions get more than those of us who are still working?”

Thus, the world seems to be increasingly in a situation where more squeezing out will take place. Major governments, especially those with pension plans for their citizens, seem especially vulnerable. No one understood that there had been a temporary rapid rise in energy consumption per capita in the 1950 to 1980 period (Figure 5) that led to a temporary spurt in interest rates on bonds. This temporary rise in interest rates made pension programs look far more feasible than they really are for the longterm.

[13] How does the problem resolve itself?

It seems to me that the problem of debt bubbles and of unaffordably generous pension plans is very widespread. Analysts of all kinds have missed the hidden brakes on economies caused by inadequate energy resources of the right kinds, relative to rising populations. Collapse of at least some central governments seems possible. Perhaps some of these collapses can be postponed by rollbacks in government-sponsored programs, particularly those for the elderly and for those who are not working.

But even aside from the pension problem, there is a problem with many debts not being repayable in an economy that is forced to slow, as described in Section [11]. Many other promises become iffy as well. For instance, derivatives may not be able to pay as planned.

If there are problems with inadequate supply of essential materials, they are likely to spill over to asset values. For example, a farm that cannot purchase fuel for its agricultural equipment is, in some sense, not worth very much, since workers with simple tools like shovels cannot produce very much food. Likewise, a factory with permanently broken supply lines is not worth much.

I wish I could provide a happy-ever-after ending. The closest I can come to such an ending is to say that it appears to me that there is a literal Higher Power that is somehow providing an enormous amount of energy in a way that allows the Universe to continually expand. This literal Higher Power is, in some way, influencing the world today, through the self-organizing nature of the economy. The book Rare Earth: Why Complex Life Is Uncommon in the Universe, by Ward and Brownlee, explains that life could not have happened on the Earth, as quickly as it did, by chance alone. Perhaps things will turn out differently than we expect.

About Gail Tverberg

My name is Gail Tverberg. I am an actuary interested in finite world issues - oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to financial problems for oil producers and for oil exporting countries. We are really dealing with a physics problem that affects many parts of the economy at once, including wages and the financial system. I try to look at the overall problem.
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2,851 Responses to Today’s energy bottleneck may bring down major governments

  1. The way to reach the next level of civ is to pay workers next to nothing, and everything, every fruit of civilization going to the top.

    I read “Red Bird” by Astrid Lindgren, best known for Pippi Longstocking. Long story short, two orphans are sold to a local farmer by their uncle and aunt for what is around $5,000 in today’s money. They are fed with nothing more than potatoes, with a broth which was used to boil fish (the fish of course eaten by the farmer) as the only condiment.

    Their only luxury was going to the village school , only in wintertime. On the last day or school they follow a Red Bird who lead them for a paradise, where they do not return.

    Of course, the people in village would not have wasted a tear for two orphans dying. Before fossil fuel the Western World, let alone the rest of the world, were extremely Malthusian, a dog eats dog world, survival of fittest with ZERO SLACK for the rest.

    My Grandparents NEVER shared any good thing with the people serving them. Never. They told me to never share anything, although i am a bit more generous than them since I don’t have a property to manage.

    The farmer who bought the siblings probably did NOT expect they to last for a long time. Work them till they die. And buy a new child when they perish. Anne of Green Gables is also such story, although since there were more resources in Prince Edward Island, Anne did survive long enough to reproduce.

    Keeping about 90%+ people in desperate poverty, with no options available, tehreby keeping costs low and minimizing the use of resources and concentrating every resources for the comfort of the ruling class and civilization is how the top portion of humankind advanced.

    Which is why Gabby Princip, Joe Gallieni and Chucky Fitzclarence belong to the deepest abyss of hell since they ended such system and made the lower-middle and lower classes in the more advanced country too rich , consuming resources they should not have any business to touch to begin with.

    • Tim Groves says:

      Kulm, I’m sure your grandparents would have gotten on with Gina like a house on fire.

      https://www.youtube.com/watch?v=BDAwGqlIp7E

      If your advice was to be followed now, since you are no longer in the ruling class, you personally would be kept in desperate poverty, with no options available. Would you accept that fate, for the sake of advancing the top portion of mankind?

      • First, if Gabby and Co were not given their chance, there would be no USSR so I would be tending my land and would not have to worry about his.

        Second, it would have been justified for the Greater Good. One bad thing about today’s ruling class is they failed to make people accept their lot for the sake of the Greater Good, entering Singularity, Type I Civ and all that. They could not put a bullet at the forehead of Ralph Abernathy, who protested the Moon Landing since it had nothing to do with the Blacks.

        In the days before Gabby & Co, people just accepted their lot. A few agitprops did get violent but the responses were usually quick and swift, like Sacco and Vanzetti, whose names were briefly put back to spotlight last year because a town in Ukraine, which they probably never visited, named after them was mentioned.

        Joseph Conrad wrote the Secret Agent, about the real life of agitprops before the Great War. Without outside help their lives were miserable, and he did NOTHING to help Poland’s cause despite of his fame. When he visited Poland, just when the Great War was happening, the physician Bronislawa Dluska, better known as Marie Curie’s older sister, accused Conrad for doing nothing towards the Polish cause but Conrad did not change his ways , and remained indifferent when Woody Wilson cheated the Germans their gains to bring the dead-on-arrival Polish Republic, probably knowing that it would fail.

    • JMS says:

      Problem is, when you don’t share anything with the people serving you, how do you expect them to fight your wars and TO cover your ass when the barbarians are at the door?

      • Obligation. Social obligation which requires people to fight for something you don’t truly believe in since not doing so would destroy any civil life.

        Worked during WW2 Japan when draft evaders were simply considered to be not human, and not following orders would put everyone in the family at grave danger

        Baron Nishi, best known for winning the Gold Medal in Equestrians at the Los Angeles Olympics on 1932, was recognized by someone who remembered him at Iwo Jima. He was guaranteed his life if he surrendered, but he chose to die, since if he surrendered his entire family would have been required to do ritual suicide and his entire property forfeit. Which is why only Koreans surrendered during WW2 Pacific theater since Koreans did not have the social obligation every japanese had.

  2. If humankind had crossed the threshold into a Type I, Spacefaring, post-singularity civilization it would have become like the Belle Epoque, with steroids.

    Things are extremely efficient. Workers are given enough sustenance, just not to perish. No luxuries, no vacations, no time and resources to waste on things like smartphones. The homes of their interiors will look like the tenements and flopouses of 1900s.
    https://www.archives.nyc/blog/2019/5/16/the-early-tenements-of-new-yorkdark-dank-and-dangerous

    Paying workers nothing, or almost nothing, and compensating them very little if mishap occurred was the norm.

    And that led civilization to explode before Gabby Princip and her handlers thought the shitty kingdom of Servia (as spelled back then) needd a bigger lebensraum. Belgrade deserved a Hydrogen Bomb back in 1999.

    Since the people enjoying Type I Civ would be so superior, there would not even ban an attempt to go against them and people will live in sheer poverty as the Winners expand their reach exponentially.

    The fatal mistake of modern civ was raising the standards of living of the lower-middle and middle classes after the Great War, which could not be avoided because there were so many men with military experience who wanted a compensation for their ‘sacrifices) and they were dangerous if they were not placated.

    I also have some sticks to beat Phil Petain, but at least he repented what he did in 1917 on 1940, so I will give him a pass.

  3. Zemi says:

    I’m wondering how many Dutchkins and / or Flemings we have among the OFW commenters. Did Ravi say he is Belgian? And how about houtskool (“charcoal”, in Dutch). Belgium includes Flemings, of course, whose native tongue is Dutch. And apparently there are around 20 000 indigenous Flemings in French Flanders.

    Captain Zeppos – old Belgian TV program.

      • Zemi says:

        Really, davidina, how can you post such filth? You are bound to end up in prison now. And anyway, I’ll bet the Belgians aren’t half as fat and greasy as you are.

        • davidinamonthorayearoradecade says:

          I’ve never been overweight, despite dark chocolate.

          notice how some “norm”al Brits never post anything online that is anti British?

          what are they afraid of?

          being thrown in prison by their facscist thought police?

          some of the “norm”als seem to have lots to say about US politics but nothing about British politics.

          would Monty Python be risking jail if they did these skits in 2023?

          yes they would, wouldn’t they.

    • Do you think someone named Ravi Uppal is Belgian?

    • Replenish says:

      I have letters from my grandfather’s Belgian girlfriend Georgette. The 3rd Armored Division stopped for refitting around Lierneux. Dad says that he heard some epic stories at the Army reunions about trading with friendly farmers for Cognac and fresh eggs and meeting beautiful women.

  4. Agamemnon says:

    Gail, I got WordPress jet pack and Feedly to help manage comments.
    So far they seem cumbersome. You have a Feedly link.
    Anyone try a different RSS app?

    • Mike Roberts says:

      I just use the Thunderbird email app. It’s simple but the comments seem to come too thick and fast for it, so I miss a lot of them (even accounting for the FE ones that I filter out). The RSS link can be used (which I do). With an email program, you can also just subscribe to comments and get an email for each.

      • fasteddynz says:

        come on man … now that you’ve come to your senses realizing the Rat Juice is toxic… and stopped boosting … we are mates!

  5. Ravi Uppal says:

    67 million and all they can do is recycle an a**hole like Cameron . They say ” Cream rises to the top ” , I say ” S**t rises to the top ” >
    https://www.zerohedge.com/political/cabinet-reset-britains-home-secretary-fired-david-cameron-returns-govt

    • All the good souls, and there genes, died at Flanders 100 years ago

      Because Brigadier Charles “Chucky” Fitzclarence ‘did his duty’ (i.e. f’k up)

      Less than 10 years after Chucky did his fkup, a Canadian, Bonar Law, was at 10 Downing, and less than 1 years after Bonar Law left the office , a bastard, James Ramsey (who styled himself Ramsey MacDonald), was at that office.

      We can all thank Chucky and his 400 Worcestershire men whose fkup still hurts the world today.

      • Tim Groves says:

        Forgive me for pushing this point yet again, but copies of almost all of everybody’s genes still out are out there in the human gene pool. If those who died in Flanders had lived to produce children, there would have been more children, but no more genes. The genes are simply being shuffled into new combinations with the conception of each new human being.

        As Keith reminded us, for centuries, the rich produced more offspring that survived into adulthood than they has space to absorb, so all those rich genes trickled down into the general population, white the result that even white trash such as Reagan, Carter, Bush, Clinton and Biden all have plenty “royal” genes in their genomes.

        And even the tanned Mr. Obama can trace some of his roots back to the British Royal Family.

        It’s a big club, and you and me ARE in it.

        • n15 says:

          that’s not how it works. you need certain combinations of genes you get the full dose.

          say in theory you had leaf gene, green production gene, structure for leaf gene.

          you might be only getting one or two allele variants that are ”boosted” for leaf gene, but without them all ”boosted” in greater frequency, you don’t get the same machavillian psychopathic ingenuity that these 2000-year dynastic lineages or their sub-families have

          • Tim Groves says:

            Right! It’s just like some of those cheap dodgy supplements you can get at Walmart that don’t contain the full dose of high quality ginseng or resveratrol or saw palmetto or…. wait for it! ….. Royal Jelly!

            I’m sure there are lots of low-life thugs who, if they could rise to the top, could be just as cruel and mean and manipulative as some of these 2000-year-old dynastic lineage folks are. Joe Stalin and Saddam Hussein and Pol Pot and even Daniel Ortega come to mind.

            But, as you point out, you don’t get the same Machiavellian psychopathic ingenuity as you do with the real McCoy.

            However, are these lineages so ingenious because of their ingenious genes, or because of their ingenious social system arrangements and family culture?

            I think they have been sprouting on about breeding and blue blood for centuries as a cunning Machiavellian psyop to program the masses to accept them as superior in every way, and not just consider them rich and powerful a-holes.

        • n15 is correct

          It is like trying to recoup the fertilizer from the land after they had been put at.

          There might be genes but they are not the same as what had been lost at Flanders and Somme thanks to Chucky and his 400 Worcestershires.

          Without Chucky ‘doing his duty’, the late Dr. Robert Firth would not have become an Oxford Ph.D. A quick search of wikipedia shows several prominent Firths. The only notable Firth before the Great War was a Mark Firth, who ran a steel mill at Sheffield. All other notable Firths are from 20th century and beyond.

          Firths came from forest rangers who guarded the nobles’ woodlots in Sowerbyshire, Yorkshire and Derbyshire. They were not that important, but because of changes brought by the Great War, people like the Firths got a shot to become prominent, and the late Dr. Firth, who would probably have ended his days in some colonial school in Africa or Asia, instead became an Oxford Ph.D, which shows dygenics.

          After the war was over,ending with Americans pissing everywhere in Europe and its stench still remaining now, Aldous Huxley and his circles realized the British War Ministry f’ked up and DH Lawrence wrote Lady Chatterley’s Love, as Lady Chatterley has sex with an Irish laborer while her husband , in wheelchairs after the Battle of Somme or something like that, watches. Aldous Huxley’s wife typed the manuscript.

          As a result Britain became a lot more casualty-adverse during WW2, although the damage was already done.

    • davidinamonthorayearoradecade says:

      yes dead loud mouth pro vaxxers is the best category of Schad.

      • Tim Groves says:

        And when they suffer slowly and waste away from cancer for over a year, that just puts a cherry on the top.

        Dying suddenly and unexpectedly is too good for them.

    • drb753 says:

      It’s like in a 1950 USA movie, where the mean guy gets punished in the end. But it is just entertainment.

  6. fasteddynz says:

    Knox MacEwen, a Junior Army Reserve Officers’ Training Corps (JROTC) student, suffered a cardiac arrest and collapsed while running a 5K race at Everglades High School in Florida on Saturday morning. This tragedy occurred just months after his mother recovered from cancer.

    https://drpanda.substack.com/p/gucci-designer-davide-renne-dies

    Wow- double vax injury in one family — impressive! (long covid of course)

  7. fasteddynz says:

    Lauren Page Smith, a 29-year-old mother, tragically passed away from a sudden heart attack caused by a blood clot in her lung. Her 2-year-old daughter was discovered lying on her mother’s chest, saying, “Mummy won’t wake up.”

    https://drpanda.substack.com/p/gucci-designer-davide-renne-dies

    The Horror… The Horror….

  8. fasteddynz says:

    Let’s run this with again:

    46 Soccer Players Died Suddenly June to Nov 2023

    SUMMER OF DIED SUDDENLY – Soccer Players are still collapsing & dying 3 years after COVID-19 Vaccine Rollout

    Snapshot;
    •Nov.4, 2023 ~ Bonginkosi Ntuli Aged 32
    •Oct.27, 2023 ~ Marc Dippold aged 40
    •Oct.14, 2023 ~ Ondrej Chren aged 30
    •Oct.7, 2023 ~ James McCourt aged 39
    •Sep.20, 2023 ~ Maddy Cusack aged 27
    •Sep.12, 2023 ~ Sylvester Sackey aged 26
    •Sep.5, 2023 ~ Naomi Mendoza aged 17
    •Sep.1, 2023 ~ Alex Laureano Silva aged 29
    •Aug.27, 2023 ~ Rafael Rocha aged 27………

    SUMMARY:

    12 died while playing soccer (7 during a game, 5 while training)

    8 died of cardiac arrest or heart attack (at least)

    3 died in their sleep

    3 died from Turbo Cancer

    2 died from pulmonary embolism (1 died during a flight)

    1 died from stroke

    1 died from infection
    https://x.com/MakisMD/status/1723676206829330827?s=20
    T.me/ChildCovidVaccineInjuriesUK

    norm?

    keith?

    • Tim Groves says:

      They are too old to have these sort of reactions to the jabs.

      Before you can suffer from an over-stimulated immune system, you need to have a working immune system in first place. 🙂

  9. fasteddynz says:

    Gucci Designer Davide Renne Dies At 46

    Suffered Heart Attack after Sudden Ilness + More Fatal Cardiac Arrests In Young People

    Not a day goes by where there isn’t another cardiac arrest in a young person. Today, we will go over the deaths of several young men and women who recently died suddenly.

    Perfectly healthy people at the top of their career, people just starting out or even people still in school.

    The deaths of these young people are a tragedy, and it is important to investigate the circumstances of their deaths thoroughly. Ask questions others are not willing to. We cannot allow these suspicious deaths to be normalized.

    https://drpanda.substack.com/p/gucci-designer-davide-renne-dies

    norm… keith?????

  10. fasteddynz says:

    “The chief cause of problems is solutions.”

    https://thehonestsorcerer.substack.com/p/white-hydrogen-lies

    YES!!!

    “Intelligence is a Burden”

  11. hkeithhenson says:

    https://www.lafd.org/news/storage-yard-blaze-downtown-los-angeles

    Here is an example of a self organizing system. Of course it would have been better for an inspector to have these stacks of pallets moved away from the freeway. Maybe this will result in preventative measures, maybe not.

    • This reminds me of a big fire in Atlanta under I-85 that brought a section down in 1985. There is a Wikipedia article about it. I believe it was started by homeless people starting a fire underneath the bridge.

      • hkeithhenson says:

        The worst of these freeway damage problems is caused by a fuel truck burning up under one. Not sure about this, but I think there was one section of freeway in Houston that was destroyed twice by fuel trucks.

        There has been discussion about fireproofing the most sensitive of these freeway overpasses. It would cost a lot and it’s not clear that it makes financial sense rather than occasionally replacing a burned out section of freeway.

  12. fasteddynz says:

    Geologists, while searching for oil and gas in France, have found the biggest deposit of pure naturally occurring hydrogen yet. A source of fuel which “burns clean” and hot, and thus can “replace” fossil fuels in “hard to decarbonize” areas of the industry like steel, glass or cement manufacturing, not to mention the fact that it could be directly used to make fertilizers (ammonia) from. Heck, it might be even more abundant elsewhere than it was previously thought. “Yippee, modern civilization is saved! Or not…?”

    The myth of a hydrogen economy is a tough creature to slay. It has grown multiple heads over the decades, and as you cut one off, three or four new heads pop up to replace it. Since each head has a different color it certainly looks like that we will run out of the color gamut sooner than ideas on how hydrogen could “save” modernity. First, there was Grey hydrogen which, by the way, is still the most economically viable and thus the most widespread source of this fuel. Ironically it’s demise in its role as the savior of modern civilization came from the climate movement itself, since it is made directly from methane (natural gas). “Its foul mouth reeks with CO2 and methane! Down with it.”

    Good riddance. With the same sword swing the Brown/Black head started to roll as well: as it is also made with fossil fuels directly (via coal gasification). Two heads with one swing! Not bad, isn’t it? The faith that modern civilization cannot perish and must go on no matter what, however, has gave birth to a plethora of new heads. It started to look clear decades ago already that electrification alone will not be able to save modernity, especially when it comes to high heat applications or long distance transport. Somebody had to come up with something.

    Instead of looking into the heart of the matter and slaying the beast once and for all, both the fossil fuel industry and green utopists alike started to cultivate the growth of new heads. Blue — pushed by Big Oil — represented the use of dubious carbon capture and storage solutions; attempting to conjure up a more palatable version of the now slain Brown/Black and Grey heads. Pink was the slowly dying nuclear business’ vain attempt to garner support for their cause. Yellow was popping up as an intermediate solution: using both fossil and “renewable” electricity to generate hydrogen. Turquoise came to be known as a quixotic way to generate H2 from fossil fuels by using high heat — but instead of releasing CO2, producing solid carbon as a result. Then there was Green, enjoying the full support of the net zero movement — i.e. using the excess electricity from “renewables” alone to generate this fuel seemingly for free.

    None of the proponents of these solutions understood however that hydrogen produced by whatever means is not a resource, but a spectacular way of wasting energy. Something which was blatantly obvious decades ago already, yet the idea kept crawling back time after time, growing one rainbow colored head after the other. The fundamental issue is, that you have to invest a lot of energy and use scarce metals to separate hydrogen from its best buddy, oxygen (or carbon in case of methane). All the losses in the form of waste heat and escaped hydrogen molecules occurring during generation, compression, liquification, storage, transportation and end use just come on top as an added bonus paid to the gods of entropy. Finally, when the remaining quantity is converted back into water, roughly one quarter of all the hard earned, high cost energy invested can be turned back into useful work…

    It’s like sending someone $4 in exchange for $1 —  time after time. Good luck maintaining a complex civilization on such a deeply negative return on energy.

    https://thehonestsorcerer.substack.com/p/white-hydrogen-lies

    • Good point: “It’s like sending someone $4 in exchange for $1 —  time after time. Good luck maintaining a complex civilization on such a deeply negative return on energy.”

  13. Hubbs says:

    From the NYT (admittedly not one of my “go to sources” for unbiased information.)

    This article got me thinking way off on a tangent; We in our “capitalist” private property ownership system are in “agreement” that communism consistently fails to deliver prosperity or create wealth compared to capitalism. (Actually what we have now is corporatism but that is a discussion for another day. )

    But the comparison/contrast between capitalism and communism has been made during times of plentiful energy and resources which have allowed for economic growth even in the presence of corruption, central bank debt based fiat currency, wars, etc. This largesse has given capitalism an unfair “advantage.” It’s like which would you rather have to travel across the country via highways, a car or a boat? Now which would you rather have if you had to travel across the ocean? Two entirely different situations.

    We now have to rethink it all in this transition: Which system, capitalism or communism, will “work” better in the new era of limited energy and resources? Is a default to a central control system to supervise the distribution of remaining diminishing resources the inevitable solution short of population elimination to “recalibrate” the existing ratio of population to available resources?

    The presence of internet and financialization has replaced actual productivity of real goods and services. This drives increasing wealth disparity and centralization of power, and this situation winds up in communist/central control.

    In the end, will it even matter whether we have a “capitalist” system (corporatism) or a communist system? Both will center around control of resources i.e. central control.

    https://www.yahoo.com/news/behind-public-assurances-xi-jinping-130327081.html

    • drb753 says:

      Yes, you are getting it right. Capitalism right now is becoming fast feudalism. Best system under plentiful resources? Probably. Worst under declining resources? You bet.

    • Dennis L. says:

      Skimmed, but from my view, one needs skills to take real capital and make it into items that are useful, ie. use energy as efficiently as possible in a manner which has a current real financial return. Finance is secondary but necessary to obtain an efficient means of exchange as well as store goodwill, whatever for the next seasson’s harvest, etc.

      Dennis L.

    • One takeaway from the article:

      Xi was warning in strikingly stark terms that intensifying competition between a rising China and a long-dominant United States was all but unavoidable, and that the People’s Liberation Army should be prepared for a potential conflict.

      At least before Xi’s attempt and centralization, my impression when I visited China was that a fair amount of discretion was allowed at the local level. Profitability goals were given, but not necessarily all the direction on how to get there, for example. For example, all of the property debt has been run up despite whatever centralized controls are in place. The system, to me, looked decidedly “mixed.”

  14. MikeJones says:

    Rather long article..this excerpt from a New YORK TIMES ARTICLE
    https://www.yahoo.com/news/behind-public-assurances-xi-jinping-130327081.html

    But Xi’s upbringing and family background left a more complex imprint than many assumed: He was, above all, proud of the party and the Communist revolution. And skepticism about American might and wariness about its intentions toward China were becoming more mainstream in Beijing as Xi prepared to take the reins of power.

    The global financial crisis of 2007-08 had shattered official Chinese assumptions that Washington’s economic policymakers were competent, even if Beijing disagreed with them. Chinese officials quizzed American officials like Hank Paulson, then the Treasury secretary, about their mishandling of the situation. For many in Beijing, the lessons extended beyond the financial system.

    “It was a defining moment,” said Desmond Shum, a business owner whose memoir, “Red Roulette,” describes those years, when he mingled with China’s political elite. “After that point, the entire Western model was questioned much more. There was also this growing belief that the world would need China to lead the way out of the mess.”

    …As Xi prepared to become China’s leader, President Vladimir Putin of Russia was emerging as a model of an authoritarian strongman pushing back against U.S. pre-eminence.
    “These two men have a shared mental map of the world — not perfectly the same, but shared,” said Jude Blanchette, a China expert at the Center for Strategic and International Studies. “Both want to return their countries to a lost inheritance of greatness; both want to reclaim key territories; both have a shared sense of the trauma of the collapse of the Soviet Union.”

    …..The ‘laws of the jungle’ of international competition have not changed,” he told military delegates to China’s national legislature in 2014. He pointed to the growing presence of U.S. jets, ships and aircraft carriers in the Asia-Pacific region as evidence that the United States was seeking to contain China.

    He also said that the pro-Western protests that were then sweeping across Ukraine were a warning for Beijing. “Some Western countries are fanning the flames there and secretly scheming to achieve their geopolitical goals there,” he said. “We must take heed of this lesson.”

    To prepare for the threats Xi saw ahead, he said, China needed to urgently overhaul its military. From late 2015, he initiated a sweeping reorganization of the People’s Liberation Army, seeking to make it an integrated force capable of extending Chinese power abroad, especially through air, sea and space forces. His warnings about the West helped underscore the urgency of those changes.

    Looks as if we are headed to another world war folks..the alliances are lining up

  15. Gumtoo says:

    For Fast. OECD publishes excess death stats broken down by age groups for various countries…

    https://stats.oecd.org/index.aspx?queryid=104676

  16. fasteddynz says:

    Making a phone call to the moon hahahahahahahahaahahahaha humans really are D…umb… as F…789

    https://t.me/downtherabbitholewegofolks/89477

    • MikeJones says:

      Hahaha…a little fact checking …
      https://www.politifact.com/factchecks/2023/may/05/instagram-posts/in-1969-the-president-called-the-astronauts-on-the/
      The call went from the Oval Office in Washington, D.C., to Houston, where it was then routed to space via mission control through the capsule communicator, according to AT&T, whose predecessor, the Bell System, was involved in the space program through a subsidiary that worked with NASA.

      From Houston, reports Wired, the call “bounced to Manned Space Flight Network dish antennas scattered around Earth, traveled 238,000 miles to the Apollo Lunar Module, and finally hopped to its ultimate destination: antennas attached to the backpacks carried by Armstrong and Aldrin.”

      The call used technology developed by the U.S. Air Force, the U.S. Geological Survey and several corporate contractors, including BellCom, the Bell System subsidiary that was formed at NASA’s request in 1952 and employed scientists from Bell Labs.

      An S-Band Transponder developed by General Dynamics Corp. enabled the communications between Apollo 11 and Mission Control, according to the aerospace and defense company, and it had to be designed to withstand extreme cold, heat and radiation. “Hundreds of employees” in Scottsdale, Arizona, began developing the transponder in 1962.

      The world according to..

  17. fasteddynz says:

    Oh… WOW…. they are deleting vax injuries from the DOD records hahaha

    https://t.me/downtherabbitholewegofolks/89475

  18. fasteddynz says:

    Hey keith:

    46 Soccer Players Died Suddenly June to Nov 2023

    SUMMER OF DIED SUDDENLY – Soccer Players are still collapsing & dying 3 years after COVID-19 Vaccine Rollout

    Snapshot;
    •Nov.4, 2023 ~ Bonginkosi Ntuli Aged 32
    •Oct.27, 2023 ~ Marc Dippold aged 40
    •Oct.14, 2023 ~ Ondrej Chren aged 30
    •Oct.7, 2023 ~ James McCourt aged 39
    •Sep.20, 2023 ~ Maddy Cusack aged 27
    •Sep.12, 2023 ~ Sylvester Sackey aged 26
    •Sep.5, 2023 ~ Naomi Mendoza aged 17
    •Sep.1, 2023 ~ Alex Laureano Silva aged 29
    •Aug.27, 2023 ~ Rafael Rocha aged 27………

    SUMMARY:
    12 died while playing soccer (7 during a game, 5 while training)

    8 died of cardiac arrest or heart attack (at least)

    3 died in their sleep

    3 died from Turbo Cancer

    2 died from pulmonary embolism (1 died during a flight)

    1 died from stroke

    1 died from infection

    https://x.com/MakisMD/status/1723676206829330827?s=20

    T.me/ChildCovidVaccineInjuriesUK

  19. fasteddynz says:

    Dr. Karen DeVore Describes the horrifying injuries and deaths she’s seen since the rollout of the Covid Shots

    Dr. DeVore testifies before South Carolina Senate Medical Affairs Ad-Hoc Committee on DHEC

    In 30 years of practicing dermatology I have never seen patients describe their symptoms this way…

    I urge you today to stand up for medical freedom.
    Remember it is our hippocratic oath to first do no harm

    https://youtu.be/L6FcTGz1REU?si=by-gVsumdXRVynIl

    T.me/ChildCovidVaccineInjuriesUK

  20. fasteddynz says:

    Infant Mortality By Country~ US no.1

    Infant mortality rates regressed against number of vaccine doses routinely given

    https://www.mdpi.com/1660-4601/10/6/2296/htm

    https://journals.sagepub.com/doi/10.1177/0960327111407644

  21. fasteddynz says:

    INFANT MORTALITY SKYROCKETS AFTER ROLLOUT OF COVID SHOTS TO PREGNANT WOMEN

    Infant deaths have been declining over the last 2 decades, however since the rollout of the COVID19 shots the US is seeing a spike in the numbers of baby’s dying before their first birthday

    The US has one of the highest infant mortality rates in the western world which correlates to the US giving more vaccines to a baby before the age of 1 than any other country

    https://thehighwire.com/ark-videos/infant-mortality-skyrockets/

    T.me/ChildCovidVaccineInjuriesUK

  22. fasteddynz says:

    WOW.

    https://t.me/TheHealthForumNZch/3795

    MASS DIE OFF IN QATAR…

    There is NO other way of describing it

    Third quarter of 2023…

    A 62% EXCESS ALL CAUSE MORTALITY

    Qatar is one of the most heavily boosted #mrna countries in the world

    Will there be any people left?

    #nz #qatar #informedconsent #covidvaccines #booster #suddendeath

  23. Ravi Uppal says:

    On Ukraine . Andrei Martaynov .
    Andrei Martyanov’s Blog

    https://smoothiex12.blogspot.com/2023/11/leonkov-doesnt-hold-back.html

    Interesting article by Alexey Leonkov

    It’s about the Russian plan for a LAND BRIDGE TO HUNGRY

    “Immediately after the end of the Special Military Operation, the West will not be able to fight with us. It does not have a trained army, it will not accumulate the required amount of resources, it has no plans for war with Russia. It only has scraps of speculation and guesswork. These three factors make war with NATO unlikely. It is clear that the United States can push the Europeans to take crazy steps. But on the economic and diplomatic front we have specialists who will try to keep them from doing this. And the NWO will lead to processes that will lead to a split in the European Union and NATO. If we break through a land corridor to Hungary, then Serbia will be magnetized to this axis. And it can be followed by Slovakia and Romania, where very interesting processes are taking place. Eastern Europe will begin to break away from old Europe, which will be severely depressed due to the economic situation. After all, Europe is defeated not only on the eastern front, but also in the global south (it is not so simple with China).”

    Andrei Martyanov:

    “Consider this: Romania, Hungary, Slovakia and Serbia have a combined population of roughly 42 million. This is substantial, it is also a promising market–make your own conclusion. As I already stated many times, Russia doesn’t need love or obedience, Russia is interested in trade with people who still recognize that there are only two genders. Simple as that. Once the land bridge is built, European structure changes dramatically.

    Old Europe can go and die.”

    Yes, well played

    • Ravi Uppal says:

      One interesting thought thread on MoA/Down South being explored is why the EU/US/IMM is demanding the Ukraine decrease disability payments in 2024 by 50% and also eliminate the disability catagory all-to-gether.

      Most think it might have to do with eliminating a potential liability in a future Ukrainian peace settlement. The current war is creating a lot of disabled people in the Ukraine.

      The EU doesn’t want to get stuck with having to pay Ukrainian disability payments going forward, so they are in a hurry to eliminate disabilities completely by 2024. True self-serving diplomacy at work.

    • drb753 says:

      Oh please oh please let it be. Hungary is Schengen and my italian family can definitely afford a country home in northern Hungary. They are cheap or were when I researched the issue 3 years ago.

      • drb753 says:

        Two words about the land bridge. Tricky because Russia needs to occupy some plains regions which are not very Russian. The Carpathians above that however are where the Rusyn live, and they hate the Ukrainians. Chernivtsi and Vinnytsia are the tricky towns although a land bridge could be more safely be established through Moldavia.

    • Simon Michaux says thorium is the most promising solution he has seen so far, if what the Chinese are saying about the technique so far. There is a question whether it could be scaled up fast enough to make a difference. Thorium may only be a bridge to something else.

      • Mike Roberts says:

        I don’t think that there is anything else, to keep modernity going without continuing to destroy ecosystems. But civilisation will try anything to keep going a bit longer, so who knows?

      • fasteddynz says:

        4 units in — 1 unit out….

        Has simon gone mentally re tard ed recently?

  24. I AM THE MOB says:

    I read in Yergin’s last book and here’s some interesting things I read. (spoiler)

    France plans on doing government loans for EV’s at $100 month. Almost like renting so to speak. For middle to lower income only.

    And in China’s mega cities like Shanghai. You have to win a lottery to purchase an oil powered car. And the odds are around 1 in 900. And even if you are lucky enough to win, you have to pay a fee up to 13k. But, if you purchase an EV you get to bypass the lottery and get free license plates and registration.

    And currently in Columbia, you can only drive your oil powered car every other day. And its based on your license plate numbers/letters. And if you rent a car you have to drive it back at night and they swap you out a different one to drive the next day. Reasoning being climate change.

    Also, the guy who started Uber was just trying to hail a cab with the first generation Iphone in San Fran. And put one and one together. Started at first as members only for wealthy people. Until lyft started letting ordinary people drive and they copied them.

    And lyft was started by a college kid studying at UCLA and went to Zimbabwe where I guess the local’s will pick up tourist and shuttle them around town. And he created an app for college students to ride share each other around. And some wealthy people on wall street got wind of it and expanded it to airports and rest is history.

    And the largest ride sharing company in the world is in China named “Du” if I’m not mistaken. Stands for “Beep Beep” in Chinese. Started by woman who went to Harvard and worked at Goldman Sachs. And basically, are like Uber and Door dash all in one. Also, bike sharing and such to.

    • what you are describing mob

      is the start of the collapse of the universal personal transport system

      • Ed says:

        They will have to pry my car from my cold dead fingers. Says the American.

      • I AM THE MOB says:

        He talks about how the price of taking uber/ride sharing vs owning a car is approaching the point where its more expensive to own your own. When you factor in all the cost. Not quite yet, but very close. He does the math of them both.

        I have a friend who lived in Phoenix a few years ago. And she said Uber has deal where you pay $10 bucks a month. And you get to pick 3 places of your choice. And you can travel to any of them for $5 bucks a ride. Unlimited. She said she had her work, grocery store and Mexican bar/grill. And you can change the 3 locations every month if you want.

    • ivanislav says:

      I bet someone will buy an EV and then do an EV-to-gas conversion.

    • fasteddynz says:

      In NZ you can get an 0 interest 5 yr loan to buy an EV. Many people are profoundly re tarded… and buying them

  25. fasteddynz says:

    Folks need to get over this nonsense https://indi.ca/its-all-one-genocide-from-palestine-to-the-planet/

    This is what humans do – always.

    And those with the boot to the neck would gladly swap positions.

    There is only one solution to this — and it ain’t no KOOMbaya sh.it.

  26. Ed says:

    I love the religious Jews.

    We join with one another to demand “free Palestine” because we hold to the tenets of Tikkun Olam that we are called to the work of “repairing the world.” We take to the streets and talk to our family and post on social media that Palestinian liberation is central to our Judaism because we were told “never again.”

    The religious Jews and the Religious Society of Friends stand as one.

  27. I AM THE MOB says:

    “Spikevax That Body!” Murderna Commercial

  28. hkeithhenson says:

    The trouble with trying to make any predictions is that there is just too much going on. With no new technology and a declining FF pool, we are in a world of hurt. But there is little doubt we are about to be hit with an overwhelming flood, starting with AI and probably nanotechnology within a few years.

    These will most likely solve the present set of problems, but ghod knows what new problems they will cause.

    • ivanislav says:

      >> probably nanotechnology within a few years

      With recent advances in AI (okay, let’s be clearer: multi-dimensional data-fitting), atomic forces may be computed in a reasonable time without DFT, which opens the door to accurate atomistic modeling. I am confident that useful nanotech will happen if social instability doesn’t kill it first. The timeframe is unclear to me … useful things (positive investment and returns and positive societal value) could be between a few years and two decades away, and sci-fi insanity another decade or two beyond that.

      So if we’re still around in three or four decades, we will either have a sci-fi Jetsons futuristic experience or have survived utter devastation and resource collapse. No in-between.

      • drb753 says:

        Perhaps I am dense, but why would AI advance computational accuracy? at its core it is a system to make decisions and extract results out of data. It can not generate theories of its own.

        • ivanislav says:

          DFT (density functional theory) allows for fairly accurate computation of the electron distribution around the nuclei of smallish chemical systems. It is computationally expensive (hardware, time, electricity), but “AI” (nonlinear models) are sometimes able to learn from large sets of such results how to accurately guess the electron distribution results for similar but different arrangements of atoms. So instead of doing DFT every time you want a result, you ask the AI that was trained once on a large set of data.

        • ivanislav says:

          PS – The “AI” here is just sets of matrix weights. There’s nothing “smart” per-se about it, it’s just a way of fitting/modeling a data relationship between inputs and outputs. Folks like to call it “AI” even though it’s not actually very related to neural processing, in my not-sufficiently-humble opinion.

        • jupiviv says:

          Not to mention it has no fidelity. An unconscious mirror of the world as it exists in data. The skin cancer app will be out soon.
          >>someone will do what it says and die
          >>moral/legal/political panic and subsequent regulation frenzy
          >>AI “advocates” blame government and Mothers Against AI for ruining everything
          >>smart money rebrands the actually useful tech and expertise
          >>???
          >>PROFIT!

        • moss says:

          amisilly?
          There I was thinking AI was some kind of computer software to generate a response ensuring the search engine enquirer, caller, taxpayer, shareholder or otherwise disenfranchised recieves the message “nothing to see here; move on”. Unambiguously

          • drb753 says:

            No, I understand. It creates a vast library of known, say, proteins, and then creates linear weights (or non linear) to predict the shape of yet to be mapped proteins. But surely this has already been done…

      • hkeithhenson says:

        “three or four decades”

        Maybe. Might be a lot faster.

    • nikoB says:

      Lets get some perspective. How good is AI really?

      What would win the battle between mold and AI?

      Think about it, mold just grows wherever it can and reproduces itself effortlessly by releasing trillions of spores. They hit a substrate they can grow on and off they go, taking most of what they require from the air. Causing all sorts of issues for whatever it is growing on.

      Now AI requires hyper clean fab labs at every level just to get it into existence and then constant vigilance to prevent any contamination. The amount of resources to do that are extraordinary. AI is not self replicating, it is dependent on external intervention. Mold will win every time, it is just a matter of time.

    • keith

      The power to my home anf local supermarket and filling station goes down, through some unknown and extended crisis

      not to worry, I say to my sceptical significant other.

      AI and nanotechnology will soon sort out the problem—soon be petrol and food available.

      Significant other looks at me with that ‘special look’ reserved for BS notions. (a particular gift, exclusive to those of the female persuasion)

      Any ideas to save my ass Keith???

      • hkeithhenson says:

        https://en.wikipedia.org/wiki/1994_Northridge_earthquake

        Assuming you don’t die in this situation, the self organizing system will put access to food, water, and energy back in place, hopefully before you starve.

        AI and nanotechnology don’t figure into such recovery yet. LA has another mess they are recovering from, a fire over the weekend that burned out a section of I 10. Chances are the freeway will be back in service within a few months.

    • Withnail says:

      Neither AI nor nanotechnology exist or ever will exist. They are science fiction.

      • fasteddynz says:

        Classify them along with The Jetsons and the equally fake moon landings — hopium … aimed at convincing the MOREONS that we can do anthing …

      • fasteddynz says:

        The MOREONS are living inside of a movie… it’s all fake. But to them it’s real

      • davidinamonthorayearoradecade says:

        “Neither AI nor nanotechnology exist or ever will exist. They are science fiction.”

        the lofty predicted “achievements” are certainly sci-fi.

        I would say that hkeithhubbard is innsane, but he is very polite, so I won’t say that he is innsane.

        • hkeithhenson says:

          Last night, James Burk in his reboot of Connections said the same things I have been talking about. He might be even more over the top than I have been.

          • davidinamonthorayearoradecade says:

            I thought the amazing appeal of Connections was the historical (real actual human creations) relationship of various human activities that would have seemed “unconnected”.

            if he has gone off into not just connection, but speculation…

            why…

            that’s crazy!

      • ivanislav says:

        Impossible, impossible! – that’s what people said about the space program, until man walked on the moon! We will solve nanotechnology very very soon … and get off of oil, yes! Onward into the oort!

      • hkeithhenson says:

        “science fiction.”

        So was a long, long list of stuff that’s part of everyday life now.

        I don’t blame you for wishing it would not happen, the future makes me very uneasy. But we are stuck with living in a time of rapid change.

        • that which is ”part of everyday life now”—is to great extent the moving of physical objects around, from one place to another.

          it only took 150 years or so, from the first viable steam engine, to the IC engine, to powered flight, to flying to the moon.

          we might look back and see these as ‘science fiction brought to reality’—when in fact they were just a natural progression of chemical combustion, used to move stuff from A to B

          in short, physical leverage.

          AI on the other hand, cannot, and will not, of itself, move anything, ever.

          AI can suggest improved ways of moving levers, but it cannot provide levers. But that will only lead to more energy use—ie—into Jevons paradox.

          what exactly nanotechnology is supposed to do, in terms of physical function—is beyond me

        • Withnail says:

          I would be delighted if microscopic machines powered by magic suddenly appeared and somehow fixed everything for us free of charge. How they would know what to fix and how to fix it, and with what, seems to be another mystery.

          But obviously things like that don’t happen except in fairy tales.

  29. Ed says:

    “Conscience calls to you, Bobby. Be true to that voice within. Politic as it may be, there is a heavy burden of guilt for abandoning the Palestinians to slaughter by silence. King learned this when he saw those photos of the napalmed and dead Vietnamese children and was conscience-stricken to come to Riverside Church in New York to give his speech “Beyond Vietnam: A Time to Break the Silence.” You can do the same. The pictures of dead Palestinian children, victims of U.S. support for Israeli bombs, are there to see.”

    https://www.lewrockwell.com/2023/11/edward-curtin/an-epistle-to-robert-f-kennedy-jr/

    • We had divided political parties before. Now, there is yet another issue for voters to be on the opposite side of issues on.

      It looks like we many have multiple candidates running on parties other than Democrat and Republican. With the vote split so many ways, the decision may go to the House of Representatives, where the Republicans currently have a majority.

      • Ed says:

        I think Biden has a chance to win. Trump is being sold as scary. Kennedy is a third party they never do better than 10%. Biden is friendly uncle Joe.

    • fasteddynz says:

      Hoolio has no conscience when he slaughters a rabbit –in fact he races about flinging the kill in the air then catching it…

      Why should we be any different — oh right — religion told us to do no ‘evil’

  30. fasteddynz says:

    Is it safe to assume that anyone who shot the Rat Juice in a misguided effort to stay safe… and still believes the Rat Juice is safe and effective… and would take more of it…

    Is a total MORE-ON?

    • ivanislav says:

      Mr Fast, how many years of growing population must pass before you will acknowledge that the Rat Juice was an overall major dud or simply cash grab?

      • fasteddynz says:

        If it was a cash grab… why did they formulate it to destroy immune systems and cause close to 2000 side effects including huge numbers of damaged hearts?

        Why not simply inject a tweaked flu vaccine rather than this dangerous substance?

        As for the end game… what will happen is when they begin to lose control of the situation and the global economy’s collapse is imminent … they will release the pathogen designed to exploit the damaged immune systems of 6+B … and kill them… the unvaxxed will be in total lockdown — fearing the reaper — and be left to starve.

        We clearly have not yet reached the point where they are losing control of things… but it cannot be far off

        • ivanislav says:

          >> Why not simply inject a tweaked flu vaccine rather than this dangerous substance?

          mRNA lipid nanoparticles have been under development for many years … I’m sure they were eager to make it mainstream and also get widespread trial data, because this has opened the doors for its use in many different applications/therapies unrelated to CoVID.

          • fasteddynz says:

            Huh? LNPs were developed to try to get chems across the barrier into the brain…

            With the Rat Juice they are using LNPs to ensure the body’s defences did not stop the payload from entering every cell in the body and damaging the immune system

            Why would they want to damage the immune system of billions?

            Since when does it make sense to experiment on 3/4’s of the planet’s population — having no idea what the outcomes both short and long term will be???

            You are ridiculous… this is like toying with an average intelligence 7yr old.

            It’s like Ali vs Peewee Herman.

            Is there anyone out there who can step in for ivan and try to throw a few shots at FE?

            Bring it.

            • ivanislav says:

              So far, it might as well have been saline for most folks. Maybe everyone in your inner circle Died Suddenly, but not in mine. A lot of folks got rich off of this nothingburger, though.

            • fasteddynz says:

              You are pulling a norm on us and refusing to answer… impressive

              F. Fail.

        • Hubbs says:

          They don’t want to make it too obvious Mr Fast. Simple wealth extraction from the middle class to treat the survivors will be sufficient. The corporates are all in on it. Even the CEOs and corporates of medical insurance companies who at first glance would stand to lose, kind of like life insurers. But it’s the dumb money lowly retail and pension fund investors who stand to lose big time from skyrocketing claims. The insider CEOs will have already taken the money from sales of their stock options and shorted their stock to screw the rest for whom things noticeably start falling down when insurance companies can no longer raise premiums enough to cover the new costs- because people and employers can’t afford them. The government will be too broke to fund the increased costs via Medicare and Medicaid. But when big health (big providers/hospitals insurers, and big pharma) have squeezed the last dollar out of the middle class, the plebs will then die off at an accelerated rate from lack of medical care, even adequate food, from formerly survivable sickness, albeit more slowly.

          • fasteddynz says:

            See korowicz trade-off to find out how a cull would end… a deflationary death spiral for one.

            And killing folks does not refill oil wells… it won’t do much for the housing market… stock market etc….

            • n15 says:

              no such thing as deflationary debt spiral. old currency go out. new currency go in.
              all that matters in end is how much resources, knowledge and intelligence you have.

              killing 80% of the population at a rate of 2.5-4%/year buys you 5x the amount of time and even more if consumption levels drop.

              plus they can already just use all the nuclear waste + unmined for another 200-300 years, more than enough to get to research fusion.

              you should already realize this with productivity very high for energy, that most people are just agreeing to work for 50, 60, 70 hours and that if you divide all the make-up work amongst most humans, humans only really need to work 2-3 hours a day at max. the asset prices and the signing of interest is the only thing convincing people of their own slavery. equity, debt, pension, annuity are just illusions.

              whomever can enforce the claims of the ownership of their assets (i.e. property, land, capital, energy resources, water resources) wins.

              all that matters in the end. random mo jo across the street or 29,584km eating 2kg/wheat a day has 0 effect on you. mr. elite can always bribe a farmer or use automated farming tech, likewise mr. elite already owns the energy, infrastructure, water and food supply so death spiral means nothing for mr. elite.

            • fasteddynz says:

              F. Fail

            • ivanislav says:

              n15, you understand the bottom line more clearly than most

            • fasteddynz says:

              You noticed his F?

          • postkey says:

            “The insider CEOs will have already taken the money from sales of their stock options and shorted their stock “?
            Have ‘they’ done this?

        • drb753 says:

          Mr Fast, if I am a Big Pharma executive “2000 side effects” is music to my ears (future earnings), and plausible deniability right there. Plus it’s not like you can sell a final solution to the elders and come up empty handed. You have to understand the multi-faction nature of the elites.

          • fasteddynz says:

            If you want repeat business you don’t inject people with toxic substances that destroy their immune systems.

            The owners of the farm – who are all powerful — would never allow this.

            Oh hang on the DOD is behind this — therefore the owners of the farm want billions of humans with destroyed immune systems

            And the owners of the DOD – own the Fed… so guess what — it ain’t about $$$$

            It’s all about extermination

            Come on — is there anyone out there who can put up a bit of a struggle? It gets boring knocking the feeblies out with left logic jabs

            • drb753 says:

              This is entirely against what they are doing now. They inject statins into people with high cholesterol for example. People I knew at the University were getting grants to develop drugs that counteract side effects of existing drugs. So I think you are wrong.

            • fasteddynz says:

              F. Fail

              Lacking logic

            • David says:

              FE, you never reply to my comments. As I’ve said … I partly agree, I can see no benign interpretation of the 2020-23 ‘COVID policy’, but they may aim to lose ~70% of humans and leave the others to run ‘BAU’ for a few more decades.

              I’ve put BAU in quotation marks because it’d be a world economy a third or a quarter of today’s size.

            • if the ”world economy” reduces by that much—-it will not be a world economy it will be a set of regional fiefdoms

              almost certainly ar war with each other

              which will reduce ”economies” even more

              probably to zero

  31. MikeJones says:

    China’s latest stimulus effort unintentionally creates chaos in its financial markets as short-term rates hit 50%
    https://markets.businessinsider.com/news/bonds/chinese-financial-markets-sovereign-bond-sale-rates-liquidity-cash-crunch-2023-11
    Filip De Mott Nov 10, 2023, 1:37 PM EST
    China’s bid to provide stimulus through increased bond issuance has led to a cash crunch, Bloomberg reported.
    This week, banks issued a form of short-term debt at the highest volume on record.
    Last week, some smaller lenders had to borrow short-term cash at a 50% rate.
    China’s latest effort to support economic growth has unintentionally fueled a massive cash crunch, creating chaos in its financial markets, Bloomberg reported.

    In a rare move, Beijing approved a mid-year budget adjustment last month that enabled the sale of $137 billion in sovereign bonds. The measure was meant to ease debt burdens on the country’s local governments and offer stimulus amid economic turmoil.

    But the flood of bond sales, including those by local governments, soaked up a huge amount of liquidity, and onshore lenders have since rushed to counteract the crunch by scrambling to raise cash.

    This week, banks issued a form of short-term debt at a record pace. Lenders have doubled the sale of these so-called negotiable certificates of deposit to more than 1 trillion yuan, or about $137 billion, according to Bloomberg.

    Chaos, warms the little itty-bitty heart of Fast Eddie

    • fasteddynz says:

      What I am watching for … is when actions taken by the CBs … to stave off collapse… result in unintended consequences… that induce collapse…

      This qualifies…

      I am also pleased that higher interest rates are not stopping raging inflation … and remain hopeful that other policies aimed at offsetting the inflationary headwinds… cause BAU to have a grand mal seizure….

    • We truly are in uncharted waters now. We don’t have enough energy supplies of the right kinds. Governments have tried to fill in with debt and more debt of slightly different kinds. Governments need to get the maturities exactly right, or there is a cash crunch.

      Debt isn’t directly a substitute for energy. It is only a promise of being able to buy goods (made with commodities) in the future.

      There seem to be signs that we are headed toward hyperinflation because the extra debt issued cannot really produce more goods and services.

      • houtskool says:

        Maybe we could reduce domestic consumtion in the Middle east.

        Oh, never mind.

      • postkey says:

        Can ‘it’ continue?
        “The US economy expanded an annualized 4.9% in the third quarter of 2023”
        https://tradingeconomics.com/united-states/gdp-growth

        • Ravi Uppal says:

          Postkey , analyse the data . Mainly due to increase in exports (shale oil and weapons only) and increased government expenditure (borrowed money )

      • postkey says:

        “Contrary to popular opinion, excessively high deficit spending and exorbitant government debt levels are not the primary cause of a hyperinflation. In most cases they have been the result of other exogenous events such as ceding of monetary sovereignty, war, rampant corruption or regime change. It is these exogenous events that result in the public’s rejection of the currency, a collapse in the tax system and the government response of printing more money to fill in the confidence void. Ultimately the confidence void cannot be filled and the currency is fully rejected by the public in the form of hyperinflation. In my treatise on the monetary system I discuss the importance of this unspoken agreement between the private sector and public sector.”

        “Inflation can and does occur in a perfectly healthy economy. In fact, since 1913 when the Fed was founded inflation in the USA has consistently risen at 3.5% per year on average.3 One might assume that this means the country has experienced some great injustice, but the truth is that the 1900’s were characterized by the greatest economic expansion and wealth creation the world has ever seen. Despite the common citation that “the $USD has lost 9x% of its value” Americans experienced an unprecedented period of prosperity during this inflation. In fact, the prosperity became so gross in the 1990’s that Americans felt entitled to second homes, second cars, and just about every other luxury good known to man. What has not occurred is hyperinflation, which is a very different animal than inflation.”

        http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1799102

        Of course, ‘this time’ it may be different?

        • in 1913 the oil driven economy was just kicking in, back then, energy was effectively free.

          with oil energy input rising at ^6–7% pa, inflation is easily covered, year on year.

          but without the rising input of cheap surplus energy, the economic system we think of as permanent becomes a house of cards.

      • Sam says:

        Yes maybe hyperinflation but maybe deflation first. How can you have hyperinflation without jobs? That is what we are going to see in the near future

      • Sam says:

        I don’t think we can have hyper inflation either?!? If a worker has to get to work and gasoline is so high that it doesn’t add up to his income… either way the system crashes and burns out. You can’t have hyperinflation for very long. You can have deflation for a long time however. I think this is what the ptb are trying to push for. It is a win win situation for them.

  32. Ravi Uppal says:

    Understanding the Polycrisis . What is a Polycrisis ?
    Answer ; When 1 + 1 + 1 doesn’t generate an effect of 3, it generates an effect of 9.

    Read more Charles Hugh Smith needs no introduction .
    https://dailyreckoning.com/the-polycrisis/

    • fasteddynz says:

      Other species do not experience this phenomenon…. because they are not burdened by ‘intelligence’…

      Therefore they are unable to kick the can down the road and innovate — which is what causes multiple crises to ultimately create a perfect storm… which leads to the collapse of civilizations… and in this case — because we have gone massively into overshoot feeding 8B using finite substances… which destroy the soil…. and we have those nasty spent fuel ponds….

      Extinction will result.

      Am I not correct when I claim intelligence is profound stooopidity?

      Am I not?????

      The results speak for themselves… every innovation has marched us a step closer to the abyss of extinction.

      Good riddance MOREONS hahaha

    • I agree. We are reaching a crisis of many dimensions. This is the chart Charles Hugh Smith has posted (from 2017)

      https://images.ctfassets.net/vha3zb1lo47k/3aCjuc6lrcw6raFlCyiCGP/6b121267082d1a5e28523afaef814d75/dr-img1-11-10-23.png

  33. fasteddynz says:

    Overdue commercial property loans hit 10-year high at US banks

    Overdue commercial property loans hit 10-year high at US banks Higher interest rates, an uncertain economy and remote work pile pressure on office space owners

    https://www.ft.com/content/7518fea2-b2f2-4cad-8b58-c524764614cd

  34. fasteddynz says:

    Credit card balances spiked in the third quarter to a $1.08 trillion record. Here’s how we got here. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. Credit card delinquency rates also rose across the board, according to the New York Fed, but especially among millennials, or borrowers between the ages of 30 and 39, who are burdened by high levels of student loan debt.

    https://www.msn.com/en-us/money/personalfinance/credit-card-balances-spiked-in-the-third-quarter-to-a-108-trillion-record-heres-how-we-got-here/ar-AA1jxMPj

    • People in this age group are also often parents of children, big and small. They need food, clothing, and transportation. Many of them have student loans to repay. Their finances are as stressed as those of any group.

    • Each time things get nasty, they get nasty in a different way. Indeed, there probably are some layoffs coming, particularly in banking and healthcare.

      Many people are worried about deflation, if there are a lot of debt defaults. I am wondering if, instead, there could be inflation in commodities and the same time that bonds are defaulting and the stock market starts heading downward because it is difficult to make affordable goods and services with high-priced commodities. Such a pattern of inflation might happen if the government focuses its bail out on individuals and their bank accounts, rather than on bailing out all of the derivatives in the market-place.

      The article we saw yesterday talked about the “money-ness” of US debt. Perhaps the US can keep issuing as much debt as possible (Using QT to keep interest rates from rising too much), to keep at least part of the US economy operating. The US would be trying to make imported goods affordable to Americans, and unaffordable to others.

  35. Ravi Uppal says:

    The success of industrial civilization in a condensed form . It was all about oil . The end — will it be a bang or a whimper ? Copy/paste from POB >

    “In 1901 Spindletop came in. In many ways it marked the beginning, as well as Iran oil discovery in 1908. Oil was now proven to be abundant enough to be reliably used as a primary energy source. In 1917 NYC retired its last horse drawn tram and gasoline powered trams and cars became the primary transportation. WWI used horses as the primary infantry transportation however by the time WWII took place it was the keep trucks and tanks. In only 45 years the complete energy transition had occurred. Including rockets planes and nuclear which was supposed to be the next transition but it never happened.

    We might say that by 1945 we saw the end of the beginning. From 1950 to 1973 the total industrial output of the world was greater than the period of 1800 to 1950. The US GDP was growing at 6% through that period. All the moon landings took place during that period and most nuclear power was planned during that period. The fastest military and private planes were designed and built during that period. Then suddenly it ended why did technology dry up?

    In 1970 US oil production peaked causing the entire global economy to shudder. It always been about energy not technology. Technology is a corpse without energy. So in 1970 we were at the end of the beginning and the beginning of the end. Try as we might after 50years there is no transition from oil rather a desperate increase in its production and consumption.

    The middle of the end was 1970 to 2005 and was met with multiple boom bust cycles as the financial and real economy out paced each other all the while debt was added to masks the underlying contraction in real GDP inflating assets and keeping energy prices low. By 2005 conventional oil peaked and the debt was untethered from any reality . Energy is Money. That marked the middle of the end.

    Where we are now is the end of the end. There is no real growth in any economy. It’s all just supply side shortages inflating prices. Shale was the last gasp of a dying industry that was built on cheap credit and inflated production figures. And no matter how you want to count it the growth in C+C NGL and all the other light components are dragging down the energy content of oil in aggregate.

    Prices are making wind and solar unaffordable now but no surprise because it was also unaffordable in the 70s .

    If an energy transition could have worked it would have already just as it did in 1901-1945 it never came and never will.

    • very neat summary ravi—one of the best i’ve seen.

      have copied it for future reference, trust thats ok

    • oh—and terrifying too—just thought i’d mention it.

    • Dennis L. says:

      Consistent with Amish purchasing farmland for cash. They have minimal fossil fuel usage , labor is self replicating, motive power self replicating. They farm, collect in groups within carriage distance from what I can see.

      Casual observation: Feminism is virtually non existent, but the family is a cohesive unit, a group.

      Rules and regulations are few and applied when necessary, offenders are shunned, there is little to no violence, punishment is exile and doing it alone. The price is conformity, it is the group.

      I do see them building very large farm buildings, materials are now very expensive. Other than liquidity, one suspects financial assets are not part of their culture.

      There is something comforting about financial assets, they give the illusion of being part of a group. Take those assets and attempt to form a group, and without religion, they all seem to fail. A group cannot be purchased, a salary is only as good as the next paycheck at which point all joint obligations cease.

      The US is running $1T interest per year and borrowing to pay the interest. This can’t end well, when the illusion of group ends, we are all alone. Could this be part of the reason for huge, group protests? To belong?

      Dennis L.

    • MikeJones says:

      Health care is booming, are we OK with that….I am..I want to live forever..
      Or at least till the End of the World Party…

      • Dennis L. says:

        Mike,

        Perhaps it is sick care which is booming. Compared to the fifties and sixties, people are no looking healthy, weight is a huge problem.

        Dennis L.

      • Health care needs to be next in the line of contraction. The economy cannot spend so much money on nursing homes and physicians with six figure salaries. There have been recent articles about hospital closures.

        • MikeJones says:

          Exactly, my own parent has been under hospice care for over a year…she is over 101 and deemed terminally ill. She is home under our care, visits by a doctor once a month, nurse once a week, aide twice a week…with supplies…I do not have to reveal how much Medicare is being charged….

          • We end up with a lot of situations in which both mother (or father) and son or daughter are eligible for pensions and medical care from the government, if people are eligible at age 65. At the same time, young adults are having trouble payoff college loans and are finding that the prices of homes are outrageously high. Something has to change.

    • ivanislav says:

      >> Then suddenly it ended why did technology dry up?

      Things that happened in the 1950-1970 period, could be one or more:
      * peak energy
      * leaving the gold standard
      * a rise in hedonism (dirty hippies)
      * women in the workforce
      * desegregation
      * financialization
      * trade agreements leading to offshoring and deindustrialization

      • n15 says:

        That’s NSM 1970 policy.

        In August of 1974, the CIA prepared OPR-401:

        “The world’s increasing dependence on American surpluses portends an increase in US power and influence.”

        “The implications for the world food situation and for US interests would be considerably greater if climatologists who believe a cooling trend is underway prove to be right. If the trend continues for several decades there would almost certainly be an absolute shortage of food. The population ‘problem’ would have solved itself in the most unpleasant fashion.”

        Notes:

        1. To verify the Kissinger Report is authentic, here is the official USAID website which maintains the original text for consultation

        2. A detailed discussion of issues arising from the US global policy, the Kissinger Report, Malthus, etc: https://thewolf.report/2017/08/27/the-kissinger-report-and-the-world-population-control/

        What we see are official secret US policies that have included population reduction for decades. Throughout history, the powerful have waged war on young people who resist, and have always waged war on non-conformity and non-compliance.

        Even during the presumably more innocent responses to Covid, people who advanced and elevated contrary information were enemies of the State.

        Throughout history, imposed conformity has been a central goal of the powerful. A contemporary example is mass vaccination with out-of-date products:

        You are good (as in a good little boy) if you got the shot. Even if you got the shot two years ago and even though it no longer has any medical relevance, you can participate in society because it’s not about science – it’s about compliance.

        Throughout history…

        Questioners of authority are enemies of the State

        Independent thought is an enemy of the State

        Uncontrolled natural human thought and spirit is an enemy of the State

        Non-Conformity is an enemy of the State

        Nature is an enemy of the State

        Human nature is an enemy of the State

        And today, there is a hack for everything, a technology that can fix every-thing

        And people are things

        Future wars will be waged on casualties who don’t even know they’ve been hit – wars of persuasions, often for the benefit of large corporations that use government, and governments that use large corporations.

        Even when it’s a dark truth, truth is light.

        Top 10
        Here are the top 10 methods “they” are using to reduce human population down to a “manageable” amount, at which point those remaining (apparently including the heirs to the fortunes of those driving this bus) will all live in a “utopian society”. Personally, I suspect that the result will be more akin to the dystopia of “Mad Max” than enlightened Athenian Democracy or Platos Republic.

        Method 10: Targeted sterilization
        Throughout history, and still today, people have used the philosophy of Eugenics to “improve” the human population by deciding who shouldn’t be allowed to have children. Oftentimes this means sterilizing the Sick and/or Poor.

        Admitted cases of targeted sterilization include some 33 States of the United States from the 1930’s-1980’s. In the case of North Carolina they even apologized and established the N.C. Justice for Sterilization Victims Foundation in 2010 to compensate victims.

        Other cases of forced sterilization include Nazi Germany and rumored immunization vaccines laced with antibodies to render woman sterile in the Philippines and in Africa. In China’s totalitarian system the Elites directly implement their famous single child quota.

        Sterilization ploys throughout history usually end up playing out as some sort of racists scheme. But the ultimate goal is self-administered population reduction methods such as abortion.

        Method 9: Wars
        Wars have the obvious effect of reducing human population, and what may not be so obvious is the benefit that comes to international bankers who fund both sides of wars through central banks.

        Wars accomplish population reduction while at the same time enriching war profiteers. The world has always managed several fronts of wars at any given time. However, the war on terrorism promises perpetual wars with no end in sight and a rising death toll that comes with it.

        Method 8: No cures for diseases
        Today’s doctors are drug dealers for the large and powerful pharmaceutical companies. Human doctors might replaced by Artificially Intelligent machines.

        Doctors remain powerless against Big Pharma, government regulatory bodies such as the FDA,

        Any doctor who tries to be a real Doctor and actually cures people is discredited out of the profession.

        Method 7: Sexually transmitted diseases
        Sexually transmitted diseases (STD’s) such as HIV reduce human reproduction, shorten lifespan while creating a drug-dependent patient forced to buy treatments since cures are purposely withheld. The main goal of STD’s is to discourage pregnancies and create self-inflicted population control, which is a lot more efficient than forced population control.

        Method 6: Environmental Manipulation
        Pesticides and other chemical agents in the air that cause cancers, asthma, allergies and other sicknesses are very effective at making people sick and requiring them to buy medical treatments that make them even sicker.

        Meanwhile, weather manipulation by DARPA and other agencies around the world directly result in disasters that appear natural and kill thousands of people at a time.

        Method 5: Abortions
        Abortions is the result of a perfectly executed population reduction campaign that resulted in self-execution. According to the World Health Organization, there are 40-50 million abortions per year worldwide, or about 125,000 abortions per day.

        Method 4: Genetically Modified Organisms
        Genetically Modified Organisms (GMO’s) such as insects, plants and animals is the future.

        These GMO’s do all sorts of interesting new things such as mating with natural organisms to prevent them from producing natural seeds, using them as bioweapons and merging them with technology to carry out even more impressive missions against the human population.

        Method 3: Same sex relationships
        The explosion of same sex images in the media and Hollywood content is a planned and executed psychological operation (psyop).

        This psyop conducted over the last 10 years on the human population has accomplished its mission of creating a self-executing population reduction paradigm.

        Same sex relationships promise to be the most efficient human population reduction tool that ever existed.

        Method 2: The food supply
        If you control the food supply for any living organism, you control the organism, and humans are no different. The powerful have been slowly modifying the food of humans with all sorts of hormones, antibiotics and God knows what else for both profit and to affect physical change in the human body.

        The most evident effect of food source manipulation is obesity, early menstruation in females, reduction of testosterone levels in men, and overall hormonal imbalance that causes sexual confusion and gender dyslexia. The combination of all this feeds right into the same sex relationship psychological operation against the human population to ultimately reduce the human reproduction rate.

        Method 1: Transhumanism
        — the merging of humans with sophisticated technologies that greatly enhance human intellectual, physical, and psychological capacities. Transhumanism would completely eliminate the need for human population control or reduction by other means, since the technological enhancements would allow the creators and administrators of the “transhumans” to literally control their body and mind.

        Population Policy from U.S. Department of State Archives
        104. Memorandum of Conversation, Washington, June 8, 1973, 10:30 a.m.

        Washington, June 8, 1973, 10:30 a.m.

        Members of the Population Crisis Committee discussed their concerns with Department of State officials.

        Source: National Archives, RG 59, Central Files 1970–73, SOC 13. Confidential. Drafted by Claxton. The meeting took place in Porter’s office. The Population Crisis Committee was a self-appointed group of advocates favoring a variety of measures to limit worldwide population growth.

        105. Memorandum From the Executive Secretary of the Department of State (Eliot) to the President’s Assistant for National Security Affairs (Kissinger), Washington, June 13, 1973.

        Washington, June 13, 1973

        Eliot transmitted two briefing papers emphasizing the importance of discussing population control policy with Soviet General Secretary Brezhnev during his upcoming visit to the United States.

        Source: National Archives, RG 59, Central Files, 1970–73, POL 7 USSR. Limited Official Use. Drafted by Claxton on June 12 and Barbour on June 13, and cleared by Porter.

        106. Memorandum From Secretary of State Rogers and Secretary of Health, Education, and Welfare Weinberger to President Nixon, Washington, June 19, 1973.

        Washington, June 19, 1973

        Rogers and Weinberger recommended that Nixon establish a commission for the observance of the 1974 World Population Year.

        Source: National Archives, RG 59, Central Files 1970–73, SOC 13. Limited Official Use. Drafted by Spengler, Claxton, and Allen; and cleared by De Palma and Murray. A memorandum from Rush to Nixon, December 10, recommended that Nixon approve the proposal (ibid.). Nixon’s January 17, 1974 Executive Order establishing the Commission is published in Department of State Bulletin, February 11, 1974, pp. 153–154.

        107. Airgram A–5913 From the Department of State to All Diplomatic Posts, Washington, July 11, 1973.

        Washington, July 11, 1973

        The airgram provided posts with guidance concerning the U.S. position on population control issues.

        Source: National Archives, RG 59, Central Files, 1970–73, SOC 13. Unclassified; Priority. Drafted on July 2 by Allen, Claxton, and Burke; cleared by Marshall and Ravenholt; and approved by Claxton, Kieffer, and Marcy. Sent to Paris for the Representative to UNESCO and to Rome for the Representative to the FAO. None of the enclosures are published. For Enclosure 1, not attached, see Public Papers: Nixon, 1973, pp. 512–513. For Enclosure 2, not attached, see Department of State Bulletin, May 7, 1973, pp. 545–560. Enclosure 3, January 8, 1971, is U.N. Document A/RES/2683 (XXV). Enclosure 4, April 14, 1970, is U.N. Document E/RES/1484 (XLVIII). Enclosure 5, undated, is a U.N. Centre for Economic and Social Information brochure entitled “World Population Year 1974” reproducing Waldheim’s September 10, 1972 statement formally proclaiming 1974 as the World Population Year. Enclosure 6, undated, is a brochure entitled “World Population Year 1974: What the United Nations is Doing, What You Can Do,” produced by the UNFPA World Population Year Secretariat. Enclosure 7, February 14, 1973, is U.N. Document E/CN.9/276.

        108. Briefing Memorandum From the Secretary of State’s Special Assistant for Population Matters (Claxton) to Secretary of State Kissinger, Washington, October 5, 1973.

        Washington, October 5, 1973

        Claxton reviewed U.S. population policy since 1966 and identified current issues that required Kissinger’s attention.

        Source: National Archives, RG 59, Central Files 1970–73 SOC 13. Confidential. Drafted by Claxton on October 5. Tab A is not attached. Tab B is published as Document 106. Kissinger’s September 24 address to the U.N. General Assembly is published in Department of State Bulletin, October 15, 1973, pp. 469–473. Nixon’s July 18, 1969 Special Message to Congress on Problems of Population Growth is published in Public Papers: Nixon, 1969, pp. 521–530.

        109. Telegram 12233 From the Embassy in India to the Department of State, October 20, 1973, 0705Z.

        October 20, 1973, 0705Z

        Moynihan offered observations about population policy in India, population control more generally, and détente with the Soviet Union.

        Source: National Archives, RG 59, Central Foreign Policy Files. Confidential; Priority. Repeated to Dacca, Islamabad, and Colombo. Telegram 209070 to London forwarded this message to Claxton, who was attending a meeting in London. Telegram 12555 from London forwarded this message to key NSC and Department of State officials (both ibid.).

        110. Memorandum From the President’s Assistant for International Economic Affairs (Cooper) to the President’s Deputy Assistant for National Security Affairs (Scowcroft), Washington, November 26, 1973.

        Washington, November 26, 1973

        Cooper explained his rationale for delaying the issuance of a National Security Study Memorandum concerning population policy.

        Source: National Archives, Nixon Presidential Materials, NSC Files, NSC Institutional Files (H-Files), Box H–204, National Security Study Memoranda, NSSM 200 [2 of 2]. Limited Official Use. Sent for action. Scowcroft initialed his approval of the first recommendation, crossing out “in approximately two weeks” and writing in “ASAP.”

        111. Intelligence Note RECN–18 Prepared in the Bureau of Intelligence and Research, Washington, February 8, 1974.

        Washington, February 8, 1974

        The Bureau of Intelligence and Research presented an overview of population-related issues at the opening of the World Population Year.

        Source: National Archives, RG 59, Central Foreign Policy Files, P740024–0442. Limited Official Use. Prepared by Giffler.

        112. Memorandum From the President’s Deputy Assistant for National Security Affairs (Scowcroft) to the President’s Assistant for National Security Affairs (Kissinger), Washington, March 23, 1974.

        Washington, March 23, 1974

        Scowcroft recommended issuance of a National Security Study Memorandum on world population issues.

        Source: National Archives, Nixon Presidential Materials, NSC Files, NSC Institutional Files (H-Files), Box H–204, National Security Study Memoranda, NSSM 200 [2 of 2]. Confidential. Sent for action. Kissinger wrote at the top of the memorandum, “Brent, we don’t need Pres. OK for NSSM’s.” Tab I, Kissinger’s undated memorandum to Nixon, is attached but not published. On it, Kissinger initialed his approval of Scowcroft’s recommendation on Nixon’s behalf. Tab A, as signed, is published as Document 113.

        113. National Security Study Memorandum 200, Washington, April 24, 1974.

        Washington, April 24, 1974

        The President directed a study of the implications of worldwide population growth on U.S. security and overseas interests.

        Source: National Archives, Nixon Presidential Materials, NSC Files, NSC Institutional Files (H-Files), Box H–204, National Security Study Memoranda, NSSM 200 [2 of 2]. Confidential. A copy was sent to the Chairman of the Joint Chiefs of Staff.

        114. Memorandum of Conversation, Washington, May 31, 1974, 1 p.m.

        Washington, May 31, 1974, 1 p.m.

        Kissinger discussed international population policy with a group of experts from outside government.

        Source: National Archives, RG 59, Central Foreign Policy Files, P820050–0597. Confidential; Nodis. Approved by Bremer on June 19. The meeting took place in the Madison/Monroe dining room. For Kissinger’s address to the Sixth Special Session of the United Nations General Assembly on April 15, see Department of State Bulletin, May 6, 1974, pp. 477–482. The referenced NSSM on population is published as Document 113.

        115. World Population Conference Scope Paper UNEC D–479/Rev.2 Prepared in the Bureau of International Organization Affairs, Washington, July 25, 1974.

        Washington, July 25, 1974

        The Scope Paper presented an overview of the major issues facing the World Population Conference and outlined U.S. goals for the Conference.

        Source: Department of State, IO/DAR Files: Lot 82 D 211, SD/E/CONF.60/1. Unclassified. Drafted by Marshall and Allen, and cleared by Claxton and McDonald.

        116. Telegram 3969 From the Embassy in Romania to the Department of State, August 31, 1974, 1605Z.

        August 31, 1974, 1605Z

        The telegram summarized the accomplishments of the World Population Conference.

        Source: National Archives, RG 59, Central Foreign Policy Files, D740242–0932. Confidential; Priority. Repeated to USUN, the Mission to the U.N. in Geneva, Moscow, and Saigon. Forwarded to all diplomatic posts as Airgram A–8189 on October 29 (ibid., P740116–2194).

        117. Memorandum From Secretary of Health, Education, and Welfare Weinberger to Secretary of State Kissinger, Washington, September 19, 1974.

        Washington, September 19, 1974

        Weinberger communicated his assessment of the World Population Conference.

        Source: National Archives, Nixon Presidential Materials, NSC Files, NSC Institutional Files (H-Files), Box H–204, National Security Study Memoranda, NSSM 200 [2 of 2]. Confidential. The accompanying 36-page unclassified report is not published. The memorandum and report were transmitted under a December 14 covering memorandum from Springsteen to Scowcroft (ibid.) for consideration in the preparation of the response to NSSM 200 (Document 113). Herter’s statement is published in Department of State Bulletin, September 30, 1974, pp. 436–437.

        118. Memorandum NSC–U/DM–130 From the Chairman of the National Security Council Under Secretaries Committee (Ingersoll) to President Ford, Washington, December 14, 1974.

        Washington, December 14, 1974

        Ingersoll summarized the recommendations of the NSSM 200 report on the implications of worldwide population growth.

        Source: National Archives, Nixon Presidential Materials, NSC Files, NSC Institutional Files (H-Files), Box H–204, National Security Study Memoranda, NSSM 200 [1 of 2]. Confidential. The 198-page attached report is not published. The 13 key countries identified in the report as comprising almost half (47%) of the present population growth were India, Bangladesh, Pakistan, Nigeria, Mexico, Indonesia, Brazil, the Philippines, Thailand, Egypt, Turkey, Ethiopia, and Colombia. NSSM 200 is published as Document 113.

        119. Summary Report From the National Commission for the Observance of the World Population Year to President Ford, Washington, June 1975.

        Washington, June 1975

        The commission recommended creation of a permanent body within the U.S. government to monitor and coordinate population policy efforts.

        Source: Ford Library, White House Central Files, Subject Files, FG 373, Box 195, 4/1/17–1/20/77. No classification marking. The entire report, including appendices, is not published. Committee Chairman Clifford M. Hardin submitted the report to Ford on June 15.

        120. Memorandum From Hal Horan of the National Security Council Staff to Secretary of State Kissinger, Washington, July 17, 1975.

        Washington, July 17, 1975

        Horan recommended that Kissinger forward to Ford a National Security Decision Memorandum concerning population policy.

        Source: Ford Library, National Security Council, Institutional Files, Box 63, NSDM 314 (3). Confidential. Tab A (Tab I) is published as Document 122. Tab C is published as Document 118.

        121. Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Ford, Washington, October 16, 1975.

        Washington, October 16, 1975

        Kissinger recommended the issuance of a National Security Decision Memorandum on population policy. Ford initialed his approval.

        Source: Ford Library, National Security Council, Institutional Files, Box 63, NSDM 314 (3). Confidential. Sent for action. Tab A, as signed, is published as Document 122. Tab B is published as Document 118. Tab C is published as Document 113.

        122. National Security Decision Memorandum 314, Washington, November 26, 1975.

        Washington, November 26, 1975

        The President issued several related directives designed to foster a coordinated governmental approach to international population policy issues.

        Source: Ford Library, National Security Adviser, NSDMs File, Box 1, NSDM 314. Confidential. Copies were sent to the Chairman of the National Security Council Under Secretaries Committee, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the Chairman of the Joint Chiefs of Staff, the Director of Central Intelligence, and the Chairman of the Council on Environmental Quality. NSSM 200 is published as Document 113. The NSSM 200 response is published as Document 118.

        123. Memorandum of Conversation, Washington, April 10, 1976, 2:30 p.m.

        Washington, April 10, 1976, 2:30 p.m.

        Kissinger discussed how to promote U.S. international population policy objectives with Green and other Department of State officials.

        Source: National Archives, RG 59, Central Foreign Policy Files, P820117–2114. Confidential. Drafted by Simmons on May 17 and approved by Aherne on May 21. The meeting was held in Kissinger’s office. Kissinger’s trip included stops in the United Kingdom (April 23–24), Nairobi (April 24–25), Dar es Salaam (April 25–26), Lusaka (April 26–27), Kinshasa (April 27–30), Monrovia (April 30–May 1), Dakar (May 1–2), Nairobi (May 2–6), and Paris (May 6–7). Kissinger’s May 6 speech to the United Nations Conference on Trade and Development in Nairobi is published in Department of State Bulletin, May 31, 1976, pp. 657–672. Kissinger’s speech to the United Nations General Assembly Seventh Special Session is ibid., September 22, 1975, pp. 425–441.

        124. Memorandum From the Coordinator for Population Affairs (Green) to Secretary of State Kissinger, Washington, April 13, 1976.

        Washington, April 13, 1976

        Green submitted a list of specific actions Kissinger could take to support U.S. international population policy.

        Source: National Archives, RG 59, Central Foreign Policy Files, P760069–0390. Confidential. Sent for action. Drafted on April 13 by Green. Sent through Kratzer. A handwritten notation indicates that Kissinger approved, on May 7, the draft cable attached at Tab 1. Tab 1, not printed, was sent as telegram 113982 to all diplomatic posts, May 10, indicating Kissinger’s personal interest in promoting U.S. population policy objectives. (Ibid., Central Foreign Policy Files) The memorandum of Kissinger’s conversation with Green and other Department officials on Saturday, April 10, is published as Document 123. NSDM 314 is published as Document 122. Kissinger’s May 6 speech to the United Nations Conference on Trade and Development in Nairobi is published in Department of State Bulletin, May 31, 1976, pp. 657–672.

        125. Memorandum NSC–U/DM–130A From the Chairman of the National Security Council Under Secretaries Committee (Robinson) to President Ford, Washington, July 29, 1976.

        Washington, July 29, 1976

        Robinson submitted the first annual report on U.S. international population policy, including recommendations for action.

        Source: Ford Library, National Security Council, Institutional Files, Box 74, NSC–U/DM 130. Confidential. The Annexes are not published. A copy of this report was forwarded to the Deputy Secretary of Defense, the President’s Assistant for National Security Affairs, the Director of Central Intelligence, the Chairman of the Joint Chiefs of Staff, the Deputy Secretary of the Treasury, the Under Secretary of Agriculture, the Under Secretary of Commerce, the Under Secretary of Health, Education, and Welfare, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the Chairman of the Council on Environmental Quality, the Director of the National Science Foundation, the Administrator of the Agency for International Development, and the Acting Director of the Council for International Economic Policy. NSSM 200 is published as Document 113. The NSSM 200 study is published as Document 118. NSDM 314 is published as Document 122. For Kissinger’s Address to the Seventh Special Session of the United Nations General Assembly, read by Moynihan on September 1, 1975, see Department of State Bulletin, September 22, 1975, pp. 425–441. For Kissinger’s May 6, 1976 speech to the United Nations Conference on Trade and Development, see ibid., May 31, 1976, pp. 657-672.

        126. Memorandum From Robert S. Smith of the National Security Council Staff to the President’s Assistant for National Security Affairs (Scowcroft), Washington, December 15, 1976.

        Washington, December 15, 1976

        Smith recommended securing Ford’s formal acceptance of the first Annual Report on U.S. International Population Policy and the recommendations therein.

        Source: Ford Library, National Security Adviser, Presidential Files of NSC Logged Documents, Box 42, 7604397. Confidential. Sent for action. Tab 1 is attached but not published. Tab C was not found. Tab D is published as Document 127. The first Annual Report of U.S. International Population Policy is published as Document 125.

        127. Memorandum From the President’s Assistant for National Security Affairs (Scowcroft) to the Chairman of the National Security Council Under Secretaries Committee (Robinson), Washington, January 3, 1977.

        Washington, January 3, 1977

        The memorandum indicated acceptance of the first Annual Report on U.S. International Population Policy and offered guidance for its further implementation

        Source: Central Intelligence Agency, OPI 29, Job 82M00587R, Box 5, NSSSM 200. No classification marking. Forwarded under the designation NSC–U/N–185 to the Deputy Secretary of Defense, the President’s Assistant for National Security Affairs, the Director of Central Intelligence, the Chairman of the Joint Chiefs of Staff, the Deputy Secretary of the Treasury, the Deputy Secretary of Agriculture, the Under Secretary of Commerce, the Under Secretary of Health, Education, and Welfare, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the Chairman of the Council on Environmental Quality, the Acting Director of the National Science Foundation, the Administrator of the Agency for International Development, and the Acting Director of the Council for International Economic Policy. The first Annual Report on U.S. International Population Policy is published as Document 125. NSSM 200 is published as Document 113. The NSSM 200 study is published as Document 118. NSDM 314 is published as Document 122.

        Supplmental Notes
        Associated Press reported on a 2009 “New York meeting of billionaires Bill Gates, Warren Buffett, David Rockefeller, Eli Broad, George Soros, Ted Turner, Oprah, Michael Bloomberg and others.” The Times of London headlined “Billionaire Club in Bid to Curb World Population,” said the issues discussed in the top-secret meeting included the most controversial: slowing the global population growth.

        “Taking their cue from Gates they agreed that overpopulation was a priority,” the article said, adding that “this could result in a challenge to some Third World politicians who believe contraception and female education weaken traditional values.”

        Mssrs. Gates, Buffett and Turner have been quietly worrying about Malthusian population problems for years. Mr. Gates in February outlined a plan to try to cap the world’s population at 8.3 billion people [consistent with the Kissinger Report].

        *** ***

        In 2010, a former staffer with a government health initiative in Ghana made a shocking claim: a project partially funded by the Gates Foundation had tested the contraceptive Depo-Provera on unsuspecting villagers in the remote region of Navrongo, as part of an illicit “population experiment.” The woman making the charge was the Ghanian-born, U.S.-educated communications officer for another Gates-funded initiative by the Ghanaian government and Columbia University to use mobile phones to improve health care access for rural women and children. She had previously attempted to sue her employer for a multi-million dollar settlement when, after repeated clashes with her boss, her contract wasn’t renewed.

        The lawsuit fizzled, but with help from a small U.S. nonprofit called the Rebecca Project for Human Rights, she shopped a series of stories to Ghana’s tabloid press. The Depo-Provera story caused a national scandal. Although it was denounced by Ghanaian health professionals and traditional leaders as libelous—the Navrongo project hadn’t tested any medications— so many death threats were directed at the project that some staff had to be evacuated across the Burkina Faso border.

        The episode would mark the opening shot in a new war over birth control in Africa. It also reflected an evolution in the U.S. anti-abortion movement’s strategy in which it started to co-opt the language of women’s and civil rights used by progressives. There were fewer bloody fetus posters and more talk about how abortion and contraception violated women’s safety and impeded racial justice.

        Anti-abortion groups hired black activists and highlighted uglier aspects of the history of reproductive health care — in particular, the courting of the eugenics movement by Planned Parenthood founder Margaret Sanger in the early part of the 20th century. A right-wing documentary, Maafa 21: Black Genocide in 21st Century America, used a Swahili word that refers to the holocaust of African enslavement to denounce Planned Parenthood as racist. Billboards in Atlanta and Manhattan carried messages like, “The most dangerous place for an African American is in the womb.” And federal and state legislators proposed a series of bills banning race- and sex-selective abortions in order to insinuate that abortion providers deliberately target communities of color.

        An anti-abortion billboard in Atlanta in 2010.

        ASSOCIATED PRESS

        As black feminists pointed out, these groups cared little for women’s or civil rights in general, or black women’s well-being in particular. (A 2009 U.S. House bill titled the “Susan B. Anthony and Frederick Douglass Prenatal Nondiscrimination Act” was co-sponsored by a champion of the Confederate flag.)

        But the strategy exploited the real and painful history of medical abuses against people of color in the U.S., from compulsory or coercive sterilization campaigns from the 1910s to ’60s (including the sterilization of a third of all Puerto Rican mothers between 20 and 49 years old by 1965) to unsafe contraceptives marketed to poor women of color from the 1970s to ’90s. And the legacy of those abuses could be profound. One 2016 study found that the notorious Tuskegee Study, wherein hundreds of black men were left with untreated syphilis so U.S. government researchers could track the progress of the disease, led to such mistrust of the medical establishment that it reduced the life expectancy of a generation of black men by more than a year.

      • Rising energy supplies were very important in many things that happened in the 1950 to 1970 period.

        Without rising energy supply, women pretty much needed to work in the home, washing clothes by hand, and working on a farm or large garden, because they tended to have a lot of children, and it was not practical to do anything else.

        One of the big things you left out during this period was birth control pills. According to the AMA, “The Food and Drug Administration approved the first oral contraceptive in 1960. Within 2 years of its initial distribution, 1.2 million American women were using the birth control pill, or the “pill,” as it is popularly known.” Without so many children, working outside the home became more feasible. Women could enter the work force and “plan” their families.

        Also, while penicillin was discovered in 1928, it took a while for researchers to figure out how to produce it in large quantity. Marketing penicillin began in 1946. With the combination of birth control pills and penicillin, women no longer had to give birth to several children to have an average of two to survive to adulthood. This made it possible for women to enter the workforce, especially when transportation to jobs became reasonably priced.

        Without rising energy supply, there was a whole lot of hand work that was needed in picking crops. This often fell to Black workers in the US, in the days before migrant workers. There were other jobs, such as ditch digging, which could be turned over to machines. With more energy supply, more factory jobs became available to people of all races. With growing tax dollars from jobs that paid better (indirectly because of fossil fuels), it became possible for governments to afford equally adequate schools for Black students and other students. There was no longer a need for segregation.

        The gold standard, worked OK when the economy wasn’t growing very fast. But since it was tied to the physical quantity of gold, it could not keep up with an economy that was galloping along because of growing fossil fuel supply. So a change had to take place.

        Financialization really started about 1981, with Ronald Reagan and Margaret Thatcher. Without growth in oil supply to push the economy along, there was a need for growing debt to pull the economy through added “demand.” Lowering interest rates from the high rate they were at in 1981 (about 18%) made asset prices grow, enabling ever-more debt.

    • n15 says:

      But the elites cut funding for plasma fusion research year after year, and as well as new types of nuclear reactors (which still leaves a lot of nuclear waste).

      And they still follow the antihumanist approach rather than the Plato Republic enlightment approach. It must be a mix of wanting to control the earth and being elitist. Or they truely believe self-governance is impossible.

    • That is a great summary, I agree.

      If there is an energy transition, it has to be something totally different than we have ever thought of. We cannot create energy; we have to harness some already existing type of energy, very inexpensively. We also need huge energy density.

    • Ravi Uppal says:

      The discussion continues at POB . An update .
      D COYNE
      IGNORED
      11/12/2023 at 10:20 am
      JT,

      Alternatively, from 1945 to 1970 oil output grew at about 7% per year and prices were cheap as oil supply kept pace with the increase in demand for oil. After 1973 oil prices became more expensive and after 1979 output crashed and prices increased even more. It took 13 years for oil output to return to the 1980 level as higher oil prices reduced growth in oil demand to under 2% per year from 1982 to 2004, from 2005 to 2019 output grew at only 1% per year and we may never produce more than in 2018. It will take time to transition to electric transport, just as it took many years to replace horses. For the past 5 years most energy growth at the World level has come from non-fossil fuels. If non-fossil fuel energy growth continues its recent pace of increase, it won’t be long (maybe a decade or so) before fossil fuel energy use starts to decrease. due to lack of demand for fossil fuel energy.

      For the World real GDP grewe at an average rate of about 2.8% per year from 1980 to 2022. High World growth rates from 1945 to 1980 were due to recovery and rebuilding after World War 2 and the Great Depression.

      If we consider GDP per capita for the World, the growth rate from 1960 to 1979 was 2.6% per year on average and from 1980 to 2019 it was 1.65% per year on average. As the World becomes wealthier on average growth rates will tend to slow. Population growth will also continue to slow as it has been doing since 1971.

      HIDEAWAY
      IGNORED
      11/12/2023 at 9:26 pm
      Dennis, oil grew at a rate of 7% per year to 1970, because it was relatively easy to find and despite the TRRC trying to keep a lid on too much supply, there was plenty from around the world.

      Oil became cheaper than gas, coal or wood as an energy source. While the world GDP on average did rise, there were still 80% in abject poverty, relative to western lifestyles. The growth rate did not fall because the world was wealthier, it fell because oil was still cheap and the easy to find and develop stuff had been found and developed. EROEI started to rise..

      Western lifestyles were at there peak at the end of the cheap oil phase in the early 70’s. In this country a man on an average/median wage (they were around the same back then), could buy an average house, have an at home wife, 4-5 kids and still afford annual holidays, boat and/or caravan etc. The house only took a decade to pay off as well. Now 50 odd years later, it takes a 2 income couple with no kids to pay off a mortgage on a below average house on average earnings (which are way above median earnings), over a much longer time period…
      Average GDP per capita is higher because it’s concentrated in the top 1% in 2023. The wealth exists on paper, meanwhile the world is in deep debt paying for everything pulling future resource use into the present.
      Solar, wind and nuclear are struggling because of high interest rates, making the economics much worse. Offshore wind cancellations, SMR cancellations, large solar projects just not being planned anymore (in this country), because of negative pricing when the sun shines and wind blows. Theoretical capacity factors of 37% becoming actual 24% further destroying economics.

      Oil, coal and gas discoveries have made individuals, companies and countries wildly wealthy relative to others. Can you name any that have become wildly wealthy from the energy provided by solar, wind or nuclear??? I don’t know of any. It tells you everything you need to know about the economics and energy return. It’s just not there…

      “Population growth will continue to slow”… So what? It needed to be negative decades ago to provide a world in the future, worth living in. We have been destroying the environment at an increasing rate by destroying forests and habitat to graze domesticated animals and grow crops on for centuries, and now the burning of fossil fuels are catching up with massive changes to climate which will accelerate the decline of the overall environment.

      Everything about the ‘transition’ is an illusion. It’s all based on fossil fuels being increasingly used to mine ever lower grades of ore to build out everything, which requires more energy than in the past for the same production. It requires more building of processing plants, smelters and factories, for the ‘growth’ of all the transition goods..
      The mining, processing, smelting and factories all have to be built creating the raw materials needed to put together a solar panel or wind turbine, so a lot of the energy cost is upfront, all done with FFs.

      The ‘reserves’ of the minerals are nowhere near enough for the transition and the claimed reserves by USGS often don’t exist. The one country I bothered to look into detail of USGS reserves being Australia, only has 25% of the claimed reserves. I wonder if every other country is similar.

      It is debt, that is now getting hard to service that has kept our civilization going as long as it has, with promises of a bright future from a simple transition spread to keep the masses relatively happy. Meanwhile people are slowly waking up to how much worse off they are already compared to their parents and grand parents for the young…

      Some people are better off, the average GDP or whatever not telling the real story as the EROEI continues to fall.
      Any energy generating plant that has a LCOE more than a tenth of what current common energy production units are, (EG oil currently $47/Mwh) are not compatible with a modern civilization for anything other than the very few wealthy.
      At some point though the population will rebel against the increasingly fewer wealthy, and/or leaders get elected promising to take action against the wealth of someone else to make people his/her supporters) better off. It could be the wealthy, a minority, or the neighbouring country/countries, history is replete with examples.

      Once the production rates of oil fall, with an accelerating rate, the investments for renewables and nuclear, batteries will dry up, they will become unaffordable to most. I’ts obviously because they totally rely on oil for mining and transport, then use coal and gas in manufacture which also rely upon oil for their production..

      We live in an extremely complex system with many feedback loops affecting all types of investments, building and supplies of everything. Problems are relatively easy to overcome when there is more of everything from increasing fossil fuel availability, but once in severe decline cascade failures from negative feedback loops will effect everything imaginable and some you wont see coming.

    • Ravi Uppal says:

      Continued from POB .Counter from Denise and Hideway .

      D COYNE
      IGNORED
      11/12/2023 at 10:20 am
      JT,

      Alternatively, from 1945 to 1970 oil output grew at about 7% per year and prices were cheap as oil supply kept pace with the increase in demand for oil. After 1973 oil prices became more expensive and after 1979 output crashed and prices increased even more. It took 13 years for oil output to return to the 1980 level as higher oil prices reduced growth in oil demand to under 2% per year from 1982 to 2004, from 2005 to 2019 output grew at only 1% per year and we may never produce more than in 2018. It will take time to transition to electric transport, just as it took many years to replace horses. For the past 5 years most energy growth at the World level has come from non-fossil fuels. If non-fossil fuel energy growth continues its recent pace of increase, it won’t be long (maybe a decade or so) before fossil fuel energy use starts to decrease. due to lack of demand for fossil fuel energy.

      For the World real GDP grewe at an average rate of about 2.8% per year from 1980 to 2022. High World growth rates from 1945 to 1980 were due to recovery and rebuilding after World War 2 and the Great Depression.

      If we consider GDP per capita for the World, the growth rate from 1960 to 1979 was 2.6% per year on average and from 1980 to 2019 it was 1.65% per year on average. As the World becomes wealthier on average growth rates will tend to slow. Population growth will also continue to slow as it has been doing since 1971.

      HIDEAWAY
      IGNORED
      11/12/2023 at 9:26 pm
      Dennis, oil grew at a rate of 7% per year to 1970, because it was relatively easy to find and despite the TRRC trying to keep a lid on too much supply, there was plenty from around the world.

      Oil became cheaper than gas, coal or wood as an energy source. While the world GDP on average did rise, there were still 80% in abject poverty, relative to western lifestyles. The growth rate did not fall because the world was wealthier, it fell because oil was still cheap and the easy to find and develop stuff had been found and developed. EROEI started to rise..

      Western lifestyles were at there peak at the end of the cheap oil phase in the early 70’s. In this country a man on an average/median wage (they were around the same back then), could buy an average house, have an at home wife, 4-5 kids and still afford annual holidays, boat and/or caravan etc. The house only took a decade to pay off as well. Now 50 odd years later, it takes a 2 income couple with no kids to pay off a mortgage on a below average house on average earnings (which are way above median earnings), over a much longer time period…
      Average GDP per capita is higher because it’s concentrated in the top 1% in 2023. The wealth exists on paper, meanwhile the world is in deep debt paying for everything pulling future resource use into the present.
      Solar, wind and nuclear are struggling because of high interest rates, making the economics much worse. Offshore wind cancellations, SMR cancellations, large solar projects just not being planned anymore (in this country), because of negative pricing when the sun shines and wind blows. Theoretical capacity factors of 37% becoming actual 24% further destroying economics.

      Oil, coal and gas discoveries have made individuals, companies and countries wildly wealthy relative to others. Can you name any that have become wildly wealthy from the energy provided by solar, wind or nuclear??? I don’t know of any. It tells you everything you need to know about the economics and energy return. It’s just not there…

      “Population growth will continue to slow”… So what? It needed to be negative decades ago to provide a world in the future, worth living in. We have been destroying the environment at an increasing rate by destroying forests and habitat to graze domesticated animals and grow crops on for centuries, and now the burning of fossil fuels are catching up with massive changes to climate which will accelerate the decline of the overall environment.

      Everything about the ‘transition’ is an illusion. It’s all based on fossil fuels being increasingly used to mine ever lower grades of ore to build out everything, which requires more energy than in the past for the same production. It requires more building of processing plants, smelters and factories, for the ‘growth’ of all the transition goods..
      The mining, processing, smelting and factories all have to be built creating the raw materials needed to put together a solar panel or wind turbine, so a lot of the energy cost is upfront, all done with FFs.

      The ‘reserves’ of the minerals are nowhere near enough for the transition and the claimed reserves by USGS often don’t exist. The one country I bothered to look into detail of USGS reserves being Australia, only has 25% of the claimed reserves. I wonder if every other country is similar.

      It is debt, that is now getting hard to service that has kept our civilization going as long as it has, with promises of a bright future from a simple transition spread to keep the masses relatively happy. Meanwhile people are slowly waking up to how much worse off they are already compared to their parents and grand parents for the young…

      Some people are better off, the average GDP or whatever not telling the real story as the EROEI continues to fall.
      Any energy generating plant that has a LCOE more than a tenth of what current common energy production units are, (EG oil currently $47/Mwh) are not compatible with a modern civilization for anything other than the very few wealthy.
      At some point though the population will rebel against the increasingly fewer wealthy, and/or leaders get elected promising to take action against the wealth of someone else to make people his/her supporters) better off. It could be the wealthy, a minority, or the neighbouring country/countries, history is replete with examples.

      Once the production rates of oil fall, with an accelerating rate, the investments for renewables and nuclear, batteries will dry up, they will become unaffordable to most. I’ts obviously because they totally rely on oil for mining and transport, then use coal and gas in manufacture which also rely upon oil for their production..

      We live in an extremely complex system with many feedback loops affecting all types of investments, building and supplies of everything. Problems are relatively easy to overcome when there is more of everything from increasing fossil fuel availability, but once in severe decline cascade failures from negative feedback loops will effect everything imaginable and some you wont see coming.

  36. Ravi Uppal says:

    A different angle to the middle east problem . Is it to cover the upcoming default of debt by Egypt and Turkey ?
    https://tomluongo.me/2023/11/07/the-evolving-battle-lines-in-the-middle-east/

    • This is a long article. The IMF policy on defaults is being tested by both Egypt and Turkey. This is what is written about the IMF policy:

      Earlier this year I wrote a piece for my patrons (now public) about Egypt’s debt situation and the pressure that China and Russia were placing on the International Monetary Fund (IMF) to negotiate some sort of write-down.

      The fundamental problem is that the IMF lending model is one of the major pillars of the Empire, no matter how you define it. As such, the US military exists as the leg-breaker of the loan shark cartel of Western banking interests.

      In normal lending when the debt goes bad, when the debtor can’t pay, they can go into bankruptcy protection and work out a deal for the lender to get something back. But everyone on both sides of the table knows that some portion of the principle will vanish into the ether.

      Both sides will lean in and take a hit. The lender can get nothing if they insist on their original terms or they can get something if they restructure.

      In international finance through the IMF/World Bank that is NEVER the model. Only one side has to face this while the other just stands there, arms crossed and says, you can have better terms but the principle will not be written down $1.

      This is what China is standing up to and this is ultimately why there will be no backing down on the war front over this. In effect, this is where the real division between the Neocons and Davos resides.

      So, the ultimate problem is that there are a whole lot of poor countries that are terribly indebted. Often they are indebted to both China and the IMF. If the IMF won’t write down part of their debt, then China will have to write down more of its debt. Not everyone can come out “whole,” but the IMF, with its “leg breakers” would like to get as much back from these poor countries as possible.

      Countries are lining up on two sides of the Palestine-Israel Conflict based on whether they side with NATO (and the IMF) or the BRICS in the way debt of Egypt and Turkey should be handled. Turkey may have to leave NATO to support Palestine.

  37. MG says:

    The humans are extinguishing bioreactors.

    It is not possible to avoid it, but at least delay it.

    As the growth is lethal, that is why fasting is beneficial.

    • davidinamonthorayearoradecade says:

      but then there’s the nothingness of eternal death.

      the top floor of the Three Story Universe might be preferable, but it’s merely fiction, oh well.

      when I have a snack of just dark chocolate, technically I’m fasting from all other foods.

      it’s worked for me, well, so far.

      and lately I’ve been trying sugar free dark chocolate, still delicious, and even more beneficial?

  38. Ed says:

    At the pub the other day the owner asked me where I would settle outside the US. I offered Uruguay. He also hopes the war will end in a limited nuclear exchange after which people come to their senses.

  39. Fred says:

    Gail, you’ll enjoy this presentation.

    It’s Andrei Martyanov with Dr Fadi Lama, who talks about the critical importance of energy supplies and their links with finance and US Imperialism. He also talks about the reduction in wealth in the West, per Tim Morgan and SEEDS.

    • One of the things Dr. Fadi Lama II says is that the huge spike in interest rates in 1981 was to drive out US manufacturing. He calls it a shift from Capitalism to Neoliberalism. Instead of saving the economy through manufacturing, using Reaganomics, the economy would emphasize a financial approach to keeping the economy operating.

      Dr. Lama also talks about the petrodollar and the role it plays in allowing the US to run a large deficit. He calls financial instruments “The invisible hand of colonialism,” and says “Bretton Woods, a system for siphoning wealth from producers.”

      • Dennis L. says:

        Succinct.

        Agriculture in Ukraine is close to large energy supplies. Rumors have large US financial groups interested in purchasing Ukrainian farmland.

        Hmmm, correlation is not causation, but so many coincidences.

        If financialization is at an end, then financial assets are no longer real which means great change.

        Could finance be a house of cards? When it falls, there is literally nothing underneath so what happens to transactions? Once everyone is running for the exits, ………

        If one has nothing to offer for what is available for sale, what is its price to the purchaser?
         
        Dennis L.

      • yes we can says:

        I respectfully diagree. Outsourcing began way before 1981. I remember one source stating that Detroit started losing jobs due to outsourcing as far back as the 1950s.. I can’t verify it though. I do know that environmentalism began in the 1950s. Environmentalism led to regulation that made some industry in some cases illegal in the U.S. The high wages unions were able to get at the end of World War II, certainly pushed labor costs up, and the civil rights movement did as well. Some people think that the source of inflation in the 1970s and 1980s was not an oil shock but was the high wages of American workers in the 1950s and 1960s. There is some evidence that international capital had planned to move capital out of the U.S. as soon as the rest of the world recovered from World War II.

        • the American Dream—ran from 1945 to 1970

          in 1970, the USA passed peak oil—-the dream was over.

          then followed 50 years of freewheeling (ie debt accumulation) and oilwars to grab what was left.

          Which brings us to now, imminent collapse, the promise of a nutcase POTUS again, promising forever, screaming that it’s someone else’s fault, and the violence of the mob when he doesn’t (can’t) deliver.

          if i’m right about the mid-2020s (and i seriously dont want to be), you aint seen nuthin yet!!!

          • yes we can says:

            Life for the average person was actually better under Trump. We didn’t have a politically motivated lockdown whose purpose seems to be to mess up everyone’s economy. We didn’t have left-wing war mongers seeking to destroy what is left of international supply chains under the guise of apposing Hitler 2.

            Norm, keep your left-wing politics to yourself . I’m a bit disillusioned with cosmopolitanism. The people promoting it are cynical and insincere, just like the people who thought the Middle East would embrace democracy (left-wing identity politics) and capitalism ( rule by foreigners). Stick to things we can agree on.

            • fasteddynz says:

              Huff just nominated norm as a finalist for their man of the year…. for promoting the Rat Juice non stop for 2+ years now

            • yes we can——–

              if we stuck to things we can agree on, there would be nothing to argue about—or maybe you can’t deal with disagreement?—sounds familiar?

              Trump is a self seeking crook—his record proves that. OK–it goes with the job of POTUS, but I’m talking about before he got that job.
              Trump took over from Obama, who seemed reasonably good at the job, and left a decent legacy.

              6 months after he lost the election, he was still spouting off about being re-instated, ie replacing Biden.

              That proves him to be mentally unhinged–he lost, and court after court agreed. Many of his inner circle also seem to be somewhat mentally disturbed too. Do you really want a POTUS surrounded by jesusfreaks laying hands on him? (Guiliani–Lindell–Flynn, to say nothing of his own kids)—Especially when he is totally fraudulent in that respect?
              Or leading chants of ‘lock her up”?—where dyou think that leads? You mentioned Hit ler 2.
              Maybe you see that as just amusing. It isn’t.

              Right wing capitalism can only succeed if there is an infinite supply of raw materials available to feed the economic system.
              That era is over.
              It has nothing to do with ”international supply chains” and ”left wing politics”

              politics has nothing to do with it—the laws of physics do. You cannot vote to change the laws of physics. A lot of people remain convinced you can.—Hence loonytoon politicians.

              The American Dream is over. There’s nothing to sustain it. Trump’s promises are empty. That applies to the rest of the world too.

          • yes we can says:

            “In 1970, the USA passed peak oil—-the dream was over.” It’s a little bit more complicated than that. The cultural changes were important, too, as well as the huge squandering of resources involved in all the hot wars and cold wars the U.S. was involved in. These things probably made peak oil much worse than it would have been if different decisions were made. Complexity is defintetly part of why the dream is over. I’ve noticed that many wealthy people and many highly educated LOVE complexity.

          • ivanislav says:

            Norm, we get it: you don’t like Donald Turnip. You prefer a Cauliflower in Chief.

            What we need is to institute The Purge, except make it all day every day until this becomes the land of milk and honey again.

            • n15 says:

              why are people still talking about the kabuki theatre? anything on “tv” “news” or “alt-media” is a lie, fabricated, or something to make you think it’s real.

              In mainstream media, the main stage actors playing roles of ‘authority figures’ were all Jesuits of the Saturn Cult. For example, we had Jesuit-trained media actor Anthony Fauci (married to Jesuit Christine Grady,) Jesuit Robert Redfield of the CDC, Jesuit- and Zionist-trained Justin Trudeau, Jesuit-trained Freemason Donald Trump as the bad guy, Jesuit-trained Joe Biden and Young Global Leader Emmanuel Macron as good guys. And of course, controlled-opposition on the media stage with Jesuit-trained Robert Kennedy Jr (son of Robert Kennedy, brother of Kathleen Kennedy of Center for American Progress,) governor Andrew Cuomo (married to Kerry Kennedy and the brother of CNN host and Jesuit Chris Cuomo.).

              no, not even the fake china/russia vs west ”war” matters.
              you are suppose to believe the good guys are the ‘east’, bad guys ‘west’ and become mind-drone robots with consciousness uploaded and re-slaved into bodies with AI controlled algos.

            • n15 says:

              people need to stop bending over for the ”elon” or ”joe” or ”roe bugan” or whatever.

              whomever is on TV or MEDIA is there to PUSH an idea or event or something X happened that may or may not actually happened, or to get you into the direction of Y.

              In mainstream media, the main stage actors playing roles of ‘authority figures’ were all Jesuits of the Saturn Cult. For example, we had Jesuit-trained media actor Anthony Fauci (married to Jesuit Christine Grady,) Jesuit Robert Redfield of the CDC, Jesuit- and Zionist-trained Justin Trudeau, Jesuit-trained Freemason Donald Trump as the bad guy, Jesuit-trained Joe Biden and Young Global Leader Emmanuel Macron as good guys. And of course, controlled-opposition on the media stage with Jesuit-trained Robert Kennedy Jr (son of Robert Kennedy, brother of Kathleen Kennedy of Center for American Progress,) governor Andrew Cuomo (married to Kerry Kennedy and the brother of CNN host and Jesuit Chris Cuomo.)

              yes elon musk pretends to be ”trustworthy” somehow magically gets $$ billions of subsidies, gets to play the anti-hero “but government is bad, look! secret portal Z corruption here”, now trust me sheep.

              in the end his job is to make you take the trojan horse of mind-reading tech so they can copy your consciousness, make an AI and then be a god of the world by reincarnating you in their image/desire/perfected, whatever weird saturn worshipping satan or weird numerology cult stuff they have going on for 2k years.

    • There is not a whole lot of the world behind the, “Let’s stop using fossil fuels to prevent climate change,” movement. Africa certainly isn’t. Africans know the huge amount of toil required to grow food without fossil fuels.

  40. Mirror on the wall says:

    800,000 protested in London today in support of Palestine. The protest grows each weekend.

    Anyway have a good one everyone.

    ‘Palestine must be free from the river to the sea! Free free Palestine!’

    • We end up with a very divided world on the Israel-Palestine question. Even the US Democratic Party is divided on this issue.

      • Tim Groves says:

        If I was a young Israeli, I would have moved away from the Holy Land decades ago. If I was a young Palestinian, I would have moved away from the Holy Land decades ago.

        As a youngster, I moved away from the UK decades ago for lesser albeit similar reasons. What reasons? The levels of genuine fear, loathing, hatred, resentment, entitlement, bullying, injustice, unfairness and discontent have long been rising and long ago rose past the point where sensitive young people in search of a quiet and comfortable life could contemplate residing permanently.

        Although in the UK, there are plenty of quiet backwaters where most of the hassle can be avoided.

        Of course, if you like conflict, hostility and genuine in-yer-face aggravation, there is nowhere better.

        But I am a sensitive artist. Nobody understands me because I am so deep…..

        • yes we can says:

          What a smug outlook.
          Emigration is only possible if someone has a rare skill in addition to parents who will pay for retraining (every place a doctor moves to, he/she has to get a newe license. Even with a high income, this can not be cheap because the schools and licensing fees keep increasing their prices well above inflation.

          Isrealites have been everywhere over the last two thousand of years and don’t really have anywhere else to go to.

        • we still miss you in my stagnant backwater Tim

          the peasants here are only mildly revolting

          come shtf time—japan will be no different to anywhere else—mybe just a tad more polite about it.

          didnt know you were an artist Tim?

      • Ed says:

        There is only one peace candidate running Ramaswamy. He will not be allowed for that reason. The rest are fully on board with the blood lust.

        • davidinamonthorayearoradecade says:

          RFK! RFK! RFK!

          he’s far from perfect, but it would be “interesting” to see him win.

      • fasteddynz says:

        Why don’t they go on a rampage??? I am NOT entertained

  41. I actually read the autobiography of Hank Paulson, who was the treasury secretary when the 2008 financial crisis hit.

    Paulson was actually going to declare martial law. Unlike Trump, who was rumored to invoke the martial law in 2020 but did not (or could not), Paulson actually had the power to do so and would have done it if he could not stem the tide.

    Today’s winners won’t go without a bitter fight. They will do whatever to keep what they have.

    • Leaders will declare martial law, or they will figure out some way to scare people into staying home.

      Cutting off electricity would keep people at home, especially if it was off everywhere.

      • fasteddynz says:

        When the pathogen is released there will be extreme martial law — you won’t be allowed out of your house … cnnbbc will inform you that the super markets are empty cuz billions are dead.. BUT … the food vans will soon come…

        But they won’t… you’ll weaken… and starve.

        They might Fed Ex everyone Super Fent… as a nice opt out … ideally with packets of purple kool-aid powder

    • jupiviv says:

      Just post Nietzsche quotes breh. He said the exact same edgy nonsense more than a century ago but with actual depth and despair and insight.

      “Every moment devours the preceding one, every birth is the death of countless beings, procreating, living and murdering are all one. Therefore, we may compare the magnificent culture to a victor dripping with blood, who, in his triumphal procession, drags the vanquished along, chained to his carriage as slaves: the latter having been blinded by a charitable power so that, almost crushed by the wheels of the chariot, they still shout, ‘dignity of work!’, ‘dignity of man!’ Culture, the voluptuous Cleopatra, still continues to throw the most priceless pearls into her golden goblet: these pearls are the tears of compassion for the slave and the misery of slavery.”

      • Speaking about Nietzsche, the Hungarian director Bela Tarr made the movie Turin Horse. The last thing Nietzsche did before being confined to a madhouse was crying over a horse’s maltreatment in the Italian city of Turin.

        Tarr made the move Turin horse, which does not feature the philosopher but it does show a family, with a father, an adult daughter and horse, stuck in a sandpit , facing certain ruin.

        At the end they even stop eating.

        https://youtu.be/uR4IdLrR3I8?si=3abD-pPwcraxOKMz

    • drb753 says:

      The main strategy for the global South is to maneuver them into a situation where they, by choice or necessity, need to concentrate on fighting their own population, which can be done presumably without nuclear weapons or a few tactical ones for particularly stubborn communities. Then Kulm and others will be able to have a good look at type I civ., which is very similar to any other one and will not go to the stars.

  42. Zemi says:

    We have all these protesters occupying public spaces these days and holding up members of the public from going about their business. “Just Stop Oil”, pro-Palestine supporters, and all the rest. And they appear in such numbers, that it’s hard for the police to clear them. I don’t particularly care who they are or what they support – they just shouldn’t doing this.

    Here they were a few days ago at Kings Cross railway station in London, where people were wanting to travel intercity but were being impeded. Lots of foreign-looking faces here. These are the signs of an increasingly splintered country.

    Police arrest pro-Palestinian protesters at London’s King’s Cross station

    • n15 says:

      most protesters are paid, no one has time to do something so meaningless.
      the ones that aren’t paid are just given distractions for the upcoming economic demise and/or random stuff to fight over to take off the heat on the puppets.

      most people could care less that a drone strike from bama hit some foreign dirt if it wasn’t shown on TV. if it’s shown on TV, then it’s to scapegoat/rile up people to direct their energy at distractions and/or justify taking land/displacing people.

      • Zemi says:

        “most people could care less that a drone strike from bama hit some foreign dirt”

        True for me, but we have more ethnically and religiously mixed populations these days. They often trigger more easily.

    • Zemi says:

      If you walk down the street naked or ride a bike naked, you’d be arrested. But if a group of people or cyclists do it, there’s too many of them, and so the police can’t really do anything about it and it has to be tolerated.

      If you kill somebody, you’ll get arrested and sent to prison. But if a load of foreigners suddenly invade your country, well, there’s not a lot that you or the police can do about it – for a while at least.

      As for the growing number of crowds of demonstrators these days, they are a nuisance at best. It’s known that crowds are a risk. People can get crushed or assaulted. And ordinary demonstrators can get carried away in crowds and do things they would never normally dream of. So riots and violence and looting ensue. Nor is it easy for the police to apprehend offenders in such circumstances. Neither can they just do an “Amritsar massacre” on the crowds, as innocent people would get hurt. It’s a problem, and there seems to be more of it these days.

    • houtskool says:

      Kings Cross…

      Nice…

      I always knew Charles will get circomsized. Boatloads of mohameds stand ready to hold him tight on the Tower Bridge while CNN does the reporting.

      ‘Today, dear citizen, your £ is declared null and void, just like your country, your culture, and your people.’

      Allahu akhbar.

      Oh, and Amen.

      • Fred says:

        Charles sold out to the war lobby PDQ. His Mum was always more discreet and diplomatic on such issues.

        • houtskool says:

          Discretion is easy as long as there’s growth. In de-growth, discretion becomes obsolete. As is diplomacy.

          Flee to the US soaking up more currency is what her refugees did. Like all refugees do.

    • I wonder if people are really unhappy and worried. In this condition, they are happy to find something to protest about.

  43. Zemi says:

    Americans like war. Dolphins like peace.

    Who remembers this?

    Flipper

    https://youtu.be/y6PqrTZsho0

    • houtskool says:

      I prefer the Hulk. Flipper got stuck in the net, as you should know by now.

      • Zemi says:

        Never mind. There were lots of nice British and American TV series to watch in the 1960s. Lots of cool celebrities too. And lots of fictional crime series, about investigating criminals.

        Mind you, the Australians never had any decent crime series on TV, despite the fact that they’re largely descended from criminals. But then they’re not very bright and not very good at investigating criminals. And they have never really had any decent celebrities either. Their only worthwhile celebrity was Skippy the bush kangaroo back in the 1960s. And because they’re not very bright, the Aussies had to ask Skippy to investigate their criminals and catch them for them and round them up. Because the Aussie criminals were and are so lame, being Australian, Skippy easily managed it.

        Skippy the bush kangaroo

        https://www.youtube.com/watch?v=hByob-5pPEs

  44. Ravi Uppal says:

    Copy/paste from Quark in Spain . Interesting for some who follow the ” carry trade ” in the JPY .

    “The sum of bubbles is coming to an end. The kick forward that has been coming since 2008 requires an endless fattening of successive bubbles. The continuous intervention of the Central Banks to put out all the fires has fueled extreme speculation in the confidence of a rescue as soon as something goes wrong. It can’t end well…

    Interesting article.

    https://creditbubblebulletin.blogspot.com/2023/11/weekly-commentary-most-critical-stage.html

    In February 2009 I never imagined that the Federal Reserve’s balance sheet (less than $900 billion at the beginning 2008) would inflate from $2.2 trillion in February to $9.0 trillion, or that Treasury liabilities would more than triple, from $9.5 trillion to $30.4 trillion, as agency titles did. it shot up another 50% to $12.0 TN. I expected rapid growth of China’s banking system, but inflating from $9.0 TN to $56 TN was not something I thought was possible. The same can be said of the Bank of Japan’s assets, which inflated six-fold to over $6.8 trillion, or the ECB’s balance sheet, which inflated five-fold to almost $9.0 trillion.

    I have referred to the “global government financial bubble” as the “grandfather of bubbles.” It originated from aggressive reflationary policymaking following the collapse of the Wall Street mortgage/financial bubble, a historic bubble that had itself been inflated by reflationary measures following the “tech” bubble.

    I repeat this analytical framework to reinforce a critical point: we have reached the end of the road. There is no bigger bubble waiting in the wings for a post-government financial bubble reflation. This ensures that the collapse of the bubble will have far-reaching consequences. And these risks today put tremendous pressure on fiscal and monetary authorities to perpetuate the excess necessary to keep the bubble’s collapse at bay.

    Why not borrow for free in a devaluing Japanese yen, using the proceeds to leverage higher-yielding instruments in the United States and elsewhere? And if the Fed is sure to respond quickly to the system’s liquidity problems, why not leverage on size (“base trades” leveraged 50 to 100 times)?

    The result of all this leverage has been a hugely inflated mass of speculative financing. This powerful fuel for sustaining bubbles has also fostered general volatility and instability. On the one hand, the near certainty of continued enormous growth in money credit—backed by indefinite liquidity support from the Federal Reserve—creates an extraordinarily strong financial structure. On the other hand, such incredible inflation of credit perceived as insurance, coupled with unprecedented leveraged speculation, is a historic accident in the making.

    Greetings.

    • davidinamonthorayearoradecade says:

      yes the crash is going to be spectacular.

      perhaps as the US debt nears or exceeds $100 trillion.

      the 2030s are going to be brutal.

    • Sam says:

      Yes I remember hearing the FED saying that 2008 was almost a complete collapse of the system. They were really scared. The system has been broken ever since; the world has been in a Great Depression since 2008 it has been the massive spending that has kept the system going. When the next financial crisis comes can they continue to add to the debt? I think they are trying to create a new financial system where the u.s and Europe stay at the top. Because of this the brics and others are trying to move into defensive positions. I think this is also why Russia and Israel has to make their moves. Who is next? Saudi Arabia meets with Iran today. I would like to think 2030’s David but that’s a long long time! There are decades where nothing happens; and there are weeks where decades happen

      • davidinamonthorayearoradecade says:

        sure the 2020s had a humanity altering week when covid was released (really 2019 but whatever) and a big week in Feb 2022 when Vlad the Great showed the West what power really is.

        bAU in Russia has a good chance at continuing into the 2070s.

        put that in your pipe and smoke it.

        continuity usually prevails over discontinuity, no matter what the Chicken Little doomers may be cheeping.

        oh look, 2024 in a month and a half, that was a long way off in 2008 yes?

        • jupiviv says:

          Continuity prevails in and through discontinuity. The effects of the 2008 crisis were exported to the third world and then from the middle class and rich to the poor aka 80+ percent of their populations. This time the latter process will occur within the metropoles and semi-periphery.

          • davidinamonthorayearoradecade says:

            continuity is very energy dependent.

            didn’t Egypt and China have thousands of years of continuity in their pre FF civilizations?

            dissipative structures like stars have the fuel in place for billions of years of continuity, while hurricanes only have enough heat to last a week or less.

            there is huge friction in the world, but as has been said for years now, at the base of IC is an energy system.

            an unprecedented massive usage of energy such as in a potential WW3 could disrupt the continuity of The Core, but most likely the continuity will wobble and then collapse as the energy base shrinks enough to where discontinuity emerges at the newer lower level of energy flow.

            • jupiviv says:

              Continuity=discontinuity is especially true for a purely thermodynamic perspective of humanity (which is cartoonishly reductionist, imo). Stars emit radiation into space which eventually hits other objects, heat them up causing chemical reactions etc etc. What we call Ancient Egypt and China were/are not a single civilization. If you reduce everything to “energy” then energy is nothing at all, the heat death of the universe is here and now. You emit your nothingness into the nothingness that ever was and is and will be. Discontinuity=continuity.

          • I think you are right that continuity will prevail through discontinuity. The effects of the crisis so far have disproportionately hit poor people in poor countries, and more recently have started to hit the middle class of richer economies. The question in my mind is, “exactly where is the core, now,” if the core can hold a little longer.

      • postkey says:

        ” since 2008 it has been the massive spending that has kept the system going. “?
        If ‘the system’ can’t produce the goods and services, then, spending, will have no effect? Zimbabwe?

        • the spending part is the freewheeling aspect of our economy.

          you can always freewheel for a while

          then you fall off

          • postkey says:

            If ‘the system’ can’t produce the goods and services, then, spending, will have no effect? Zimbabwe?

            “The US economy expanded an annualized 4.9% in the third quarter of 2023”
            https://tradingeconomics.com/united-states/gdp-growth

            • I’m talking about the global economic system as a whole—or a bike race if you like

              if 100 cyclists start to freewheel, they wont all fall off together

              some have better bikes than others, some bikes were falling apart before the race started, some bikes will crash into others as they fail, and bring them down too

              that will leave a few bikes still running

              but the endgame is certain

    • I am impressed by the creditbubblebulletin letter you attached, written by someone named Doug Noland. He seems to have figured out a way that the US might come out ahead in the credit collapse situation that we seem to be headed for.

      He writes:

      A Bubble financed by an expansion of high-risk credit (i.e., junk bonds) poses minimal systemic risk. Why? Because such a bubble will be relatively short-lived. When things start to get crazy, the holders of junk debt will invariably reach their risk tolerance threshold. “I’ve got enough. No more junk!” And this will bring the bubble to its conclusion before it has had years to inflict deep structural damage.

      Bubbles fueled by money-like instruments function altogether differently. Money is something we trust for its attributes of safety and liquidity. Unlike junk debt, there’s no point where we say “No thanks. I’ve got enough money.” And it’s this insatiable demand that creates the ultimate fuel for protracted Bubbles and deep structural maladjustment. Incredibly, this historic Bubble – inflating at the heart of system finance – is now into its 15th year.

      From a purely analytical standpoint, it’s all fascinating. Bubble analysis was some years ago completely discredited. Stock market “investors” are convinced nothing can get in the way of equities prices invariably marching ever higher. There’s been some bond market pain, but fears of runaway deficits and a crisis of confidence have not materialized.

      Peering beyond the financial markets to the real world, something clearly has gone terribly wrong. To those of us who believe sound money and Credit are the bedrock for healthy households, communities, societies, governments and global relations, there is powerful evidence of deleterious effects from decades of inflationism and Monetary Disorder.

      The global government finance Bubble is at A Most Critical Stage. Bubbles are faltering, though with diverse symptoms and dynamics.

      He later writes:

      Chinese and Japanese government-dominated Credit systems today still retain moneyness. But ongoing egregious government finance Bubble excess increasingly risks crises of confidence in the renminbi and yen. Both governments are trapped in Bubble Dynamics, unwilling to face the consequences of retreating from precariously flawed inflationary policy regimes. Further delays guarantee only greater imbalances and maladjustment, along with highly destabilizing adjustment periods. Disorderly currency devaluation can unleash global de-risking/deleveraging.

      The U.S. predicament is different, but similarly perilous. One key difference, the dollar is for now underpinned by the serious fragilities in China, Japan, and EM, along with latent euro frailty. . .

      Importantly, with Fed rate hikes ensuring higher market yields (lower bond prices), leveraged speculation simply shifted to “basis trades,” “carry trades,” and various Credit spreads. Playing the small spread between the Treasury/Agency cash markets and futures contracts was pretty much free money. And why not short Treasuries and use those proceeds to speculate in higher-yielding corporate debt, CDOs (collateralized debt obligations), leveraged loans and such.

      Why not borrow for free in a devaluing Japanese yen, using proceeds to leverage in higher-yielding instruments in the U.S. and elsewhere. And with the Fed certain to respond quickly to system liquidity issues, why not leverage in size (“basis trades” 50-100 times levered)?

      The upshot of all this leveraging has been a massively inflating pool of speculative finance. This powerful fuel for sustaining Bubbles has also fomented volatility and general instability. On the one hand, the near certainty of ongoing enormous growth of money-like Credit – underpinned by the Fed’s open-ended liquidity backstop – creates an extraordinarily robust financial structure. On the other hand, such incredible inflation of perceived safe Credit coupled with unprecedented leveraged speculation is one historic accident in the making.

      Perhaps the problem can be kicked down the road further. The US government seems to be willing to issue as much debt as needed to keep the US part of the bubble growing.

      • Peaker says:

        The question remains, Gail, whether this Doug Noland understands your point of view….

      • drb753 says:

        It seems to me that you are saying the problem now is in convincing people to buy junk bonds. I am afraid that is a tall order.

        • I expect that there will be a whole lot more QE with US government debt.

          • Charlie says:

            hello good,
            From what I have learned from other analyses, the vision I have from Europe is that the crisis, recession has not yet arrived because the majority of companies have not yet matured their loans. They will do it between 2024 and 2025, then if the high interest rates continue they will have serious problems.
            And we must also remember that more QE means more money in the system, more inflation. The peak of everything is not going to bear it, I think something will happen

      • It seems the Doug guy is trying to tell what the US public, with no intention to change their ways, wants to hear.
        The Bubble has been there since 1973, when US dollar was completely unlinked from gold. So 50 years.

      • moss says:

        Doug Noland is indeed a veritable bastion of the early 2000s. CBB was posted for years on PrudentBear which he ran and then sold after the crash – maybe it was part of the marketing of a fund manager he owned.
        He ran CBB for maybe 10yrs as a standalone blog and has now an advisory role in a funds manager. Can’t understand the unlisted product he’s involved with but not a speculator, anyway. He’s been a mentor for me in MMT, but having grown up in the LtG school, always looked at the avarice of capitalism a little sideways.
        Mr Noland is a cornocopian with a feed largely limited to Bloomberg, Reuters and FT so you can imagine his sanctity.

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