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Page added on December 8, 2018
The ‘Everything Bubble” Has Popped
Now that the world’s central banking cartel is taking a long-overdue pause from printing money and handing it to the wealthy elite, the collection of asset price bubbles nested within the Everything Bubble are starting to burst.
The cartel (especially the ECB and the Fed) is hoping it can gently deflate these bubbles it created, but that’s a fantasy. Bubbles always burst badly; it’s their nature to do so. Economic suffering and misery always accompany their termination.
It’s said that “every bubble is in search of a pin”. History certainly shows they always manage to find one.
History also shows that after the puncturing, pundits obsess over what precise pin triggered it, as if that matters. It doesn’t, because ’cause’ of a bubble’s bursting can be anything. It can be a wayward comment by a finance minister, otherwise innocuous at any other time, that spooks a critical European bond market at exactly the right (wrong?) moment, triggering a runaway cascade.
Or it might be the routine bankruptcy of a small company that unexpectedly exposes an under-hedged counterparty, thereby setting off a chain reaction across the corporate bond market before the contagion quickly spreads into other key elements of the financial system.
Or perhaps it will be the US Justice Department arresting a Chinese technology executive on murky, over-reaching charges to bully an ally into accepting that unilateral US sanctions are to be abided by everyone, regardless of sovereignty.
How was it that the famous Tulip Bulb bubble came to a crashing end back in the 1600’s? No one knows the exact moment or trigger. But we can easily imagine that in some Dutch pub on the fateful night on the Feb 3rd1637, a bidder on the most-coveted of all bulbs, the Semper Augustus, had an upset stomach and briefly grimaced when hit by a ripping gas pain:
Interpreting this face as distaste for the opening bid price, the assembled crowd may have suddenly realized the absurdity of paying so much (enough to clothe and feed a family for more than half a lifetime) for an ungrown flower. The bids were pulled, and the rest is history.
The point is: it doesn’t really matter what the pin actually is. The fatal trigger is often something completely unexpected and impossible to have predicted. So obsessing over what will end the Everything Bubble is a fool’s errand.
Rather than the “pin”, what’s important to focus on is the “pop” — what the aftermath will be. The duration and height of a bubble is directly correlated with the scope of the destruction its bursting will wreak, as is the number of asset classes that get caught up in the mania.
It’s much wiser to spend our time focusing on where the damage is going to occur, what path it’s most likely to take, and how bad the losses will be — so that we can position ourselves accordingly in advance for safety and, for the more adventurous, profit.
We’ve never seen anything like the current bubble we’re in. Stocks, bonds, real estate, fine art, you name it — nearly everything has been inflated to all-time highs. When this Everything Bubble pops, the pain is going to be epically calamitous.
And it’s increasingly looking like the “pop” has sounded.
Greed & Fear
Every bubble requires two essential inputs to fuel its rise:
- a compelling story
- ample credit
If either is missing, no bubble.
Price bubbles are not financial phenomenon, but rather psychological constructs born and nurtured in the human brain stem. Greed and fear — that’s what drives bubbles.
Greed on the way up and then fear on the way down. But neither has much influence without a tempting yarn and a lot of easy credit.
Attempting To Replace The Business Cycle With A Credit Cycle
In their quest for power and glory (and accompanied by a dead-flat learning curve), the world’s central banks are now pursuing their third, largest, and most ill-considered attempt to defeat the business cycle by replacing it with a credit cycle. The fact that the prior two credit cycles blew up spectacularly doesn’t seem to be deterring them in the slightest.
A rather minor business cycle slowdown in 1994 was fought with a tidal wave of new credit under Greenspan. That ultimately resulted in the Dot Com Bubble crash of 2000, but the lesson went unlearned.
Instead the Fed concluded that the idea was sound, but was simply not taken far enough. The elite cheerleading squad, captained by Paul Krugman, fully supported a doubling down, and the media unquestioningly went along with the program.
So Greenspan and Bernanke created the Housing Bubble 1.0 by offering the world’s credit markets a price of money so low it couldn’t be refused. Housing was the story, and the Fed supplied the credit. As predicted by a scant few of us, that all blew up spectacularly in 2008. And no constructive lessons were drawn from that experience, either.
With the political aircover to “save the system” (from the problems that it created!), Bernanke, Yellen, Kuroda and Draghi then led the most aggressive, coordinated central bank bender in all of human history.
$Trillions and $trillions were printed up, and many times that amount were leveraged and loaned throughout the banking and speculative finance universes:
(Source)
If you can’t clearly see how the above chart explains the massive price inflation over the past years in stocks, bonds and real estate, you’ll have no chance of understanding what’s coming next. Best of luck to everyone choosing to avoid paying attention to this critical information; you’ll dearly need it.
Paying attention or not, here we all are; stuck together in a world awash with credit. $250 trillion in debt. 4 times that amount in unfunded liabilities. And a mind-bogglingly massive amount of tangled financial derivatives roughly the same size as both those debts and liabilities put together.
The Greed Is Now Gone
All that credit had to go somewhere. And it did.
Rare art fetched record-breaking prices. As did top-end trophy properties the world over. Rare cars and large gemstones commanded the highest prices ever seen. Stocks were bid up to ridiculous Price/Earnings multiples. And the Housing Bubble 2.0 returned to many metros around the globe — housing has never been more unaffordable to more people than it is now.
Can you feel it? How greed is now giving way to fear?
Sure, you probably know people who are hanging onto the Wall Street marketing slogans (“Buy the dips…hang on…don’t panic…successful investors don’t sell into weakness, they buy more!”). But the party atmosphere is now over.
Just ask anyone who bought a house in Seattle in June (now down 11%). Or FAANG stocks in July (down 20%+). Or cryptocurrencies in January (down 80%+).
We’ve seen more downside volatility in the financial markets this year than in all of 2012-2017.
Until and unless the central banks reverse their current tightening course, everything is headed lower.
And I mean everything.
How bad will it get? Honestly, pretty damn bad. Worse than 2000 and worse than 2008.
The credit cycle is just that much larger this time.
It’s the airgap between the economic value added (EVA) lines below and the spiked tops above that defines the amount off pain involved in the unwinding. This chart clearly shows the reckoning is going to be on a scale we’ve never experienced before.
Which is why our our advice continues to be protect your money, develop all 8 Forms of resilience (especially Emotional), and prepare to be a source of support for shell-shocked neighbors and loved ones.
The “Big One” Is Here
The recent market volatility is just the beginning of the downslide.
There will be many starts and stops along the way, but coming soon will be a shock that wakes people up and scares them badly.
Perhaps it will be another institutional failure like Lehman Brothers. Or maybe a sovereign default. Or even a central bank failure (yeah, I’m looking at you Swiss National Bank!).
Just “printing less” is causing the major stock indexes to stumble, while plunging the peripheral emerging markets into bear market territory.
What’s going to happen when the central banking cartel is in net “money withdrawal” mode? Will today’s teetering markets be able to withstand that headwind?
We won’t have to wait long to find out. We should hit that milestone in the next quarter.
For now, the Fed and ECB lack the political capital to resume printing anytime soon. The Bank of Japan hardly has the muscle to muster anything more than temporary speed bump on its wind-down. And China increasingly has less and less motivation to help the US financial elites by rescuing their markets for them. Besides, the Chinese authorities have their own massive collapsing bubbles to contend with right now.
And to add insult to injury, recession indicators are piling up faster and faster now. 2019 is looking primed to be The Year That Mass Layoffs Returned. Should that be the case, the resultant slowdown in consumer spending is certainly not going to help matters.
Against this backdrop, how far could the markets fall from their current prices? Easily 30% to 50%. And that’s if we’re lucky.
Chris Martenson via PeakProsperity
110 Comments on "The ‘Everything Bubble” Has Popped"
Davy on Sun, 9th Dec 2018 5:10 am
“I keep telling you I am very healthy”
Yea, and smart too but who know this is the internet. One thing I am sure about your comments don’t show smarts they show and old man who is emotionally obsessed with bad mouthing a country and people. You seem like a scrawny little man who is stuck on himself. No wonder you left your family they probably were not very close to a selfish old man. You may be healthy enough but approaching 80 means you need health care and you are out on the fringes so you may not get it.
“My dad lived to be 88 and smoked most of his life. He was slim like me when he died. My mom died at age 90.”
Billy why are you so obsessed with living? I mean it is about time you state facing death. Talk about denial of death. Billy you are old and will die soon get a grip.
Cloggie on Sun, 9th Dec 2018 5:12 am
Britain 2018:
https://www.dailymail.co.uk/news/article-6476095/Theresa-warns-warring-MPs-Corbyn-no-Brexit.html
“Theresa May prepares for ‘handbag moment’ with Brussels as she considers delaying crunch vote to demand more concessions after warning MPs ‘back me or get Corbyn and no Brexit'”
This is absolutely not a credible threat but a recommendation. The EU is not so stupid to renegotiate with somebody who pretends to run a government, but in reality sits on top of a very active volcano that can pop any minute.
https://www.dailymail.co.uk/news/article-6476177/Esther-McVey-says-think-running-Tory-leadership.html
“Esther McVey becomes the first Tory to throw her hat into the leadership ring as she reveals she would think about running for the top job if Theresa May is ousted”
One more polit-monkey, yearning for her private 15 minutes of fame, rather than serving her country and its people.
https://www.dailymail.co.uk/news/article-6475259/Rees-Mogg-urges-Tories-unity-leadership-team-Boris-Johnson-Amber-Rudd.html
“Rivals for PM pick their partners: Jacob Rees-Mogg urges Tories to back a ‘unity’ leadership team of Boris Johnson and Amber Rudd if Theresa May is toppled over her Brexit deal”
More monkeys and Francis Urquhart/Frank Underwood wannabees.
https://www.dailymail.co.uk/debate/article-6475593/JEREMY-PAXMAN-dog-won-better-Brexit-deal-forelock-tugging-drones.html
“JEREMY PAXMAN: My dog could have won a better Brexit deal than those forelock tugging drones we sent out to battle Brussels”
Britain’s #1 media Jew has given up on continental Europe and wants to park Britain in Oceania.
Meanwhile in Europe:
https://www.dailymail.co.uk/news/article-6476125/Macron-Im-Sorry-TV-address-unveils-tax-cuts.html
“Macron is to give ‘I’m Sorry’ TV address as he unveils more tax cuts after ‘Day of Rage’ violence in France saw 1,400 arrested, dozens injured and cars burnt out as ‘Yellow vest’ protests spread across Europe”
Macron is with the back against the wall and concessions like these will not immediately calm down protesters, who now smell blood.
https://www.dailymail.co.uk/news/article-6475655/How-Macron-hid-walls-palace-country-erupted-fury.html
“France protests: How Emmanuel Macron hid behind the majestic walls of his presidential palace while outside Paris and his country once again erupted in fury”
Back to mongrel “Global Britain”:
https://www.dailymail.co.uk/news/article-6474985/Universities-setting-targets-recruit-white-male-students-numbers-fell.html
“White males are a now a MINORITY GROUP! Universities are setting targets to recruit more after numbers plummeted”
The British, a population slaughtered on the altar of globalism, after they destroyed the only true friend they could have had for their masters first (yes, I mean Dolfie).
The Trump family kosher fifth column member doing imperial business (damage control) in KSA:
https://www.dailymail.co.uk/news/article-6474761/Jared-Kushner-told-Saudi-prince-weather-storm-Jamal-Khashoggi-murder.html
“Jared Kushner ‘spoke to the Saudi crown prince after the murder of journalist Khashoggi and advised him how to weather the storm'”
https://www.dailymail.co.uk/femail/article-6407765/Czech-Holocaust-survivor-Auschwitz-start-new-life-family-Australia.html
“Saved by a faulty gas chamber: Holocaust survivor, 91, reveals the ‘miracle’ that kept her alive in Auschwitz and her determination to start a new life in Australia – as far away from the horrors of Europe as possible”
Damn! Yet another missed opportunity to finally present my holohoax denying cousin with a name and proof of somebody who was gassed in the Schwitz. But no worries, empire dave is going to deliver that any minute from now.
https://www.youtube.com/watch?v=11B6qDv8Fns
Cloggie on Sun, 9th Dec 2018 5:15 am
My bank account is open for payments from all directions. Not much is forthcoming though. I’m having fun anyway.
Cloggie on Sun, 9th Dec 2018 5:17 am
Back to the never boring Britain 2018:
https://www.dailymail.co.uk/news/article-6476095/Theresa-warns-warring-MPs-Corbyn-no-Brexit.html
“Theresa May prepares for ‘handbag moment’ with Brussels as she considers delaying crunch vote to demand more concessions after warning MPs ‘back me or get Corbyn and no Brexit'”
This is absolutely not a credible threat but a recommendation. The EU is not so stupid to renegotiate with somebody who pretends to run a government, but in reality sits on top of a very active volcano that can pop any minute.
https://www.dailymail.co.uk/news/article-6476177/Esther-McVey-says-think-running-Tory-leadership.html
“Esther McVey becomes the first Tory to throw her hat into the leadership ring as she reveals she would think about running for the top job if Theresa May is ousted”
One more polit-monkey, yearning for her private 15 minutes of fame, rather than serving her country and its people.
https://www.dailymail.co.uk/news/article-6475259/Rees-Mogg-urges-Tories-unity-leadership-team-Boris-Johnson-Amber-Rudd.html
“Rivals for PM pick their partners: Jacob Rees-Mogg urges Tories to back a ‘unity’ leadership team of Boris Johnson and Amber Rudd if Theresa May is toppled over her Brexit deal”
More monkeys and Francis Urquhart/Frank Underwood wannabees.
Mick on Sun, 9th Dec 2018 5:20 am
Hey Davy I think you need to tend to those goats and stops hounding Bill -T
Cloggie on Sun, 9th Dec 2018 5:21 am
Jeremy has drawn his conclusion, just like his fellow tribesman Raab:
https://www.dailymail.co.uk/debate/article-6475593/JEREMY-PAXMAN-dog-won-better-Brexit-deal-forelock-tugging-drones.html
“JEREMY PAXMAN: My dog could have won a better Brexit deal than those forelock tugging drones we sent out to battle Brussels”
Britain’s #1 media Jew has given up on continental Europe and wants to park Britain in Oceania.
Meanwhile in Europe:
https://www.dailymail.co.uk/news/article-6476125/Macron-Im-Sorry-TV-address-unveils-tax-cuts.html
“Macron is to give ‘I’m Sorry’ TV address as he unveils more tax cuts after ‘Day of Rage’ violence in France saw 1,400 arrested, dozens injured and cars burnt out as ‘Yellow vest’ protests spread across Europe”
Macron is with the back against the wall and concessions like these will not immediately calm down protesters, who now smell blood.
https://www.dailymail.co.uk/news/article-6475655/How-Macron-hid-walls-palace-country-erupted-fury.html
“France protests: How Emmanuel Macron hid behind the majestic walls of his presidential palace while outside Paris and his country once again erupted in fury”
Poor Macron, not much is left of “Jupiter”:
https://d3217njkl1yoey.cloudfront.net/Public/Publications/396/1984283/Images/med1.jpg?v=1
Cloggie on Sun, 9th Dec 2018 5:26 am
Back to mongrel “Global Britain” 2018. “Yabut, diversity is our strength” (this recommendation was offered to you free of charge by the ADL):
https://www.dailymail.co.uk/news/article-6474985/Universities-setting-targets-recruit-white-male-students-numbers-fell.html
“White males are a now a MINORITY GROUP! Universities are setting targets to recruit more after numbers plummeted”
The British, a population slaughtered on the altar of globalism, after they destroyed the only true friend they could have had, for their masters first (yes, I mean Dolfie).
The Trump family kosher fifth column member doing imperial business (damage control) in KSA:
https://www.dailymail.co.uk/news/article-6474761/Jared-Kushner-told-Saudi-prince-weather-storm-Jamal-Khashoggi-murder.html
“Jared Kushner ‘spoke to the Saudi crown prince after the murder of journalist Khashoggi and advised him how to weather the storm'”
https://www.dailymail.co.uk/femail/article-6407765/Czech-Holocaust-survivor-Auschwitz-start-new-life-family-Australia.html
“Saved by a faulty gas chamber: Holocaust survivor, 91, reveals the ‘miracle’ that kept her alive in Auschwitz and her determination to start a new life in Australia – as far away from the horrors of Europe as possible”
Damn! Yet another missed opportunity to finally present my holohoax denying cousin with a name and proof of somebody who was gassed in the Schwitz. But no worries, empire dave is going to deliver that any minute from now.
https://www.youtube.com/watch?v=11B6qDv8Fns
Mick on Sun, 9th Dec 2018 5:31 am
Clog are you a bot? Cause you certainly look like one
Davy on Sun, 9th Dec 2018 5:33 am
“Hey Davy I think you need to tend to those goats and stops hounding Bill -T”
Micky, come on you are an irrelevant troll. Who cares what you say. When were you here last? What skin do you have in the game? I can’t remember anything about you that means you are not worth remembering. I do remember your handle but that is it. A word of advice put some time in, contribute something intelligent, and show some balls. I have not seen any of that this morning. LOL. BTW, I usually ignore billy but lately but he has been throwing punches so I give it back to him. He feels embolden because of his lunatic friend JuanP has gone rogue and lawless. He loves to have supporters likely because he is a lonely old man. One other thing, I tend goats and cattle. WTF do you do besides troll?
Cloggie on Sun, 9th Dec 2018 5:33 am
Define a “bot” to me and I’ll tell you if I am one or not. After 7 years you are the first though to bring up that possibility.
Btw, never heard of “Mick”. Any family of the mouse with the big ears? Opinions on energy? No?
Davy on Sun, 9th Dec 2018 5:36 am
neder, you forgot to put part 3 and part 4 on your nedernazi series. LOL. Neder, quit spamming the board with Brexit shit and say something about energy or comment on collapse. Geeze, what a dog with a bone.
Mick on Sun, 9th Dec 2018 5:42 am
Too funny Davy. you think I spend my time here Like you do every f$&king day annoying the crap out of everyone . Dude get a life !!!
Davy on Sun, 9th Dec 2018 5:47 am
micky, so what, like I said you are irrelevant. I enjoy it here and the people I annoy need to be annoyed. I think people that say “dude get a life” like you did need to get a life. You are just trolling somewhere you do not belong. Say something intelligent and we can debate otherwise I will hand you your ass every time you make a fool of yourself.
Cloggie on Sun, 9th Dec 2018 5:48 am
Neder, quit spamming the board with Brexit shit and say something about energy or comment on collapse.
Huh?!
Brexit IS collapse.
Of your beloved ZOG-empire to be precise.lol
Toodeledokie!
Davy on Sun, 9th Dec 2018 5:53 am
Brexit may be part of the collapse of your EU but something will form up when the EU dissolves. Euros will balkanize like you have for millennium. There is something called proportionality neder and you don’t observe that value.
Cloggie on Sun, 9th Dec 2018 6:08 am
Brexit may be part of the collapse of your EU but something will form up when the EU dissolves.
So true.
https://documents1940.wordpress.com/2018/06/10/europe-must-liberate-itself-from-the-us/
https://documents1940.wordpress.com/2017/12/03/paris-berlin-moscow/
https://documents1940.wordpress.com/2018/05/10/boreas-rising-paris-berlin-moscow/
You think that ZOG was created for all eternity. But like the USSR of former fame, it isn’t. World history is in constant flux, is dynamic. Nothing remains the same. Just browse back through 2000 years of history. After a few decades the map is usually being redrawn:
Europe:
https://www.euratlas.net/history/europe/index.html
USA:
https://www.youtube.com/watch?v=rwGRheUQMY8
After decades of mass immigration from the third world, you can’t expect the US to remain in the same shape.
Mick on Sun, 9th Dec 2018 6:18 am
All hale Davy for he speaks the truth . Soab
Davy on Sun, 9th Dec 2018 6:22 am
Micky, don’t you believe in anything or this parading just a reaction to a bad day? micky finds an unmoderated forum he can troll cause his life sucks.
Mick on Sun, 9th Dec 2018 6:30 am
You know , you have a few troll followers but most here can’ not stand you so why don’t you just fuck off nobody reads your boring long posts anyway .
Davy on Sun, 9th Dec 2018 6:36 am
“Trust Is Failing On Both Sides Of The Pond”
https://tinyurl.com/yccs5ty4
“This is not a linear thing. It’s the kind of situation that goes from murmurs and shrugs to outright violence in a matter of days. Especially when you come out and tell the very nationalistic French people that nationalism is akin to evil. In Macron’s case raising the tax on diesel fuel was a bridge too far. Pathetic global warming, globalist ideologue that he is, he castigates the people who are materially harmed by this tax as ‘thugs’ and then doubles down when they get even madder. So it’s no surprise that his calling a moratorium on it for six months was rejected by the protesters. They know they can’t trust Macron. With France’s tax rates already nearly the highest in the so-called first world”
“The less said about Theresa May the better but just so everyone is clear May gave the EU everything they wanted, not because she’s a bad negotiator but because she’s a bad liar. Every day she lies telling everyone who will listen (and that number is dropping daily) that she’s working for the people of Britain. No she is not. She’s working for the British ruling class and its entrenched bureaucracy who are in league with their counterparts in Brussels to erect an unassailable oligarchy across Europe.”
“But, after the fiasco of the mid-terms and his systematic capitulation to all things neoconservative, Trump has become a parody of himself on foreign policy. By allowing the paranoid John Bolton to convince Trump that everything neocon is in the interest of America First Trump has now embraced every foreign policy lie he campaigned against. His own lack of moral center has led to his having a complete lack of moral courage in confronting the vast apparatus arrayed against him. To the point where he doesn’t announce policy decisions that he knows are unpopular with not only his base but also the center of the country he needs to get re-elected in 2020. He leaves that job to the disgusting and stupid Mike Pompeo.”
“And confidence lost is never regained. Once the public trust is breached it is never regained. And that’s where rapid societal change sprouts from, catching those who think they are in control off guard completely, like Macron was over the diesel protests.”
“And it’s why Trump will not MAGA. He was willing to Drain the Swamp as long as it didn’t cost him and his family his brand and his reputation. He was willing to talk the talk but not walk the walk. Now he just rambles on Twitter like a pathetic loser while Putin’s prophecy about his presidency comes true. “Presidents change,” he said to Oliver Stone in the Putin Interviews, “Policy doesn’t.” And as we approach the moment where a critical mass of people see the costs of maintaining this vacuum of moral courage we call a society rise above the benefits of it the closer we are to the worst kind of chaos.”
Mick on Sun, 9th Dec 2018 6:38 am
Ok might check in next year . Maybe ?
! See ya later suckers
Davy on Sun, 9th Dec 2018 6:47 am
“You know , you have a few troll followers but most here can’ not stand you so why don’t you just fuck off nobody reads your boring long posts anyway .”
Micky, you are right now. You are reading my posts and obsessed with me. If you were a man and walked the walk then you would ignore me and say something smart but you are a pussy that says one thing and does another. I could give a shit who reads me or not. I care about who says something here of value to what I value and that is an edge on the definition of a collapse process. Micky, you have said nothing this morning. You are just trolling. I have been hit by 6 dumbasses like you at once over a long period. Dirty JuanP the board lunatic, has been doing empty attacks on me since July. Recently for a few months he has become mentally unstable and desperate. Now dirty juan is desperate and does day long identity theft and bizarre sock puppeteering. In fact micky you may just be JuanP he is constantly looking for a new stealth sock to take up. Micky what matters is saying something intelligent that holds up against debate otherwise you are a pathetic nobody. That is you micky mouse. Go play with the kids on Xbox it takes a man to make it here.
Cloggie on Sun, 9th Dec 2018 6:53 am
Ok might check in next year . Maybe ?
! See ya later suckers
Don’t take the trouble, little guy. Nobody is going to miss you anyway. Say hello to your smelling armpit antifa chapter from me. And now get lost, mickey mouse.
Mick on Sun, 9th Dec 2018 7:00 am
Ok Davy I did read your post . It’s all good mate
The Truth Shall Set You Free on Sun, 9th Dec 2018 7:20 am
Following is the most honest statement made on this site in a very long time.
“You know , you {DavyScum} have a few troll followers but most here can’ not stand you so why don’t you just fuck off nobody reads your boring long posts anyway .”
This is Davy on Sun, 9th Dec 2018 7:21 am
Mick on Sun, 9th Dec 2018 6:18 am
All hale Davy for he speaks the truth . Soab
The Truth Shall Set You Free on Sun, 9th Dec 2018 7:23 am
The definition of TRUTH:
“Too funny Davy. you think I spend my time here Like you do every f$&king day annoying the crap out of everyone . Dude get a life !!!”
JuanP socks on Sun, 9th Dec 2018 7:28 am
The Truth Shall Set You Free on Sun, 9th Dec 2018 7:20 am This is Davy on Sun, 9th Dec 2018 7:21 am The Truth Shall Set You Free on Sun, 9th Dec 2018 7:23 am
I AM THE MOB on Sun, 9th Dec 2018 7:51 am
Mak
Older people can come to believe their own lies
New research shows that within an hour of telling a falsehood, seniors may think it’s the truth. Findings suggest that telling a falsehood scrambles older people’s memory so they have a harder time recalling what really happened.
http://www.brandeis.edu/now/2018/november/lying-old-gutchess%20.html
And the human IQ declines from age 20 on..So your cognitive abilities are awful now..Why don’t you go take a nap and change your depends..You are getting crabby…
I AM THE MOB on Sun, 9th Dec 2018 7:52 am
“Everyone, deep in their hearts, is waiting for the end of the world to come”
– Haruki Murakami
Davy on Sun, 9th Dec 2018 8:22 am
Trump is a poor man’s idea of a rich man, a weak man’s idea of a strong man, and a stupid man’s idea of an intelligent man.
MAGA- DAVY too many times to reference.
Does this help you understand why I adore my beloved Donald J. Trump?
JuanP identity theft on Sun, 9th Dec 2018 8:30 am
Davy on Sun, 9th Dec 2018 8:22 am
There you go dirty juan with your identity theft. We know you are losing when that starts.
JuanP on Sun, 9th Dec 2018 9:46 am
Another thread ruined by Davy. And, once more, he blames me for it when he is the person responsible for all this shit. Apparently, I really got under your skin, Exceptionalist! You see me everywhere. I wish you could see the truth to understand how ridiculous your behavior is, Davy.
Cloggie on Sun, 9th Dec 2018 9:54 am
Mind you, Davy is the board’s self-styled “on-topic” Natzi.
/snicker
Davy on Sun, 9th Dec 2018 10:44 am
“Another thread ruined by Davy identity theft and juanP puppeteering.” fixed it
BTW, dirty Juan, I call this victory. You are a wounded whining animal who is obsessed with me. It does not get any more powerful a win than that!
“And, once more, he blames me for it when he is the person responsible for all this shit.”
More lies from the board lunatic
“Apparently, I really got under your skin, Exceptionalist! You see me everywhere.”
LOL, in your fantasies. We know you are mentally ill suffering delusions of grandeur.
Davy on Sun, 9th Dec 2018 11:30 am
” micky finds an unmoderated forum he can troll cause his life sucks.”
Oops, sorry. I was projecting again.
JuanP identity theft on Sun, 9th Dec 2018 11:48 am
Davy on Sun, 9th Dec 2018 11:30 am
” micky finds an unmoderated forum he can troll cause his life sucks.” Oops, sorry. I was projecting again.
Davy on Sun, 9th Dec 2018 11:56 am
“We know you are mentally ill suffering delusions of grandeur.”
Anyone who refers to himself as ‘we’ is obviously mentally ill and suffering delusions of grandeur.
So yah, I was projecting again.
Outcast_Searcher on Sun, 9th Dec 2018 12:03 pm
With the first sentence, the author shows himself to be a biased nutcase. Then, consider the source. Sigh.
In a first world where many $trillions are spent giving money directly to “the poor” in the form of transfer payments, growing minimum wages, and then of course, highly progressive income taxes — to make such a statement shows complete cluelessness.
And we should listen to this always-wrong clown opine about complex economic projections? No, we shouldn’t.
JuanP identity theft on Sun, 9th Dec 2018 12:10 pm
Davy on Sun, 9th Dec 2018 11:56 am
“We know you are mentally ill suffering delusions of grandeur.” Anyone who refers to himself as ‘we’ is obviously mentally ill and suffering delusions of grandeur. So yah, I was projecting again.
Davy sock on Sun, 9th Dec 2018 12:19 pm
JuanP identity theft on Sun, 9th Dec 2018 12:10 pm
Davy on Sun, 9th Dec 2018 11:56 am
“We know you are mentally ill suffering delusions of grandeur.” Anyone who refers to himself as ‘we’ is obviously mentally ill and suffering delusions of grandeur. So yah, I was projecting again.”
asg70 on Sun, 9th Dec 2018 3:18 pm
Funny how some people refuse to enter the forums and just camp out here and snark and counter-snark. Would respect Davy etc… more if you came into the forum and participated.
Davy on Sun, 9th Dec 2018 3:37 pm
I started this BS many years ago asg70. I just can’t learn to stop yapping off like the wounded widdle pussy that I am.
I AM THE MOB on Sun, 9th Dec 2018 4:19 pm
Asg70
I entered the forums and your faggots blocked me right away..For no logical reason..
That is why the forum is nothing more than peak oil deniers..And since they can’t censor this part of the blog they never come here..
I AM THE MOB on Sun, 9th Dec 2018 4:21 pm
Asg70
University of California: Environmental Science & Technology (Malyshkina 2010)
1. It Will Take 131 Years to Replace Oil with Alternatives
2. World oil production will peak between 2010-2030
3. World proven oil reserves gone by 2041
https://www.scribd.com/document/394656677/Future-Sustainability-Forecasting-by-Exchange-Markets-Basic-Theory-and-an-Application-Malyshkina-2010
A global energy assessment (Jefferson 2016)
An extensive new scientific analysis conducted by the Former Chief Economist Michael Jefferson at Royal Dutch Shell published in Wiley Interdisciplinary Reviews titled “A Global Energy Assessment 2016” : says “that proved conventional oil reserves as detailed in oil industry sources are likely “overstated” by half.” & “punt bluntly,the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is overstated by about 876 billion barrels. Thus, despite the fall in crude oil prices from a peak in June 2014, after that of July 2008, the “peak oil” issue remains with us.”
The World in the 21st Century is faced with huge challenges that go far beyond, but importantly include, energy challenges on the supply, access, and use sides. So severe are these challenges, mainly arising from the demands of a rapidly increasing human population on the Earth’s limited resources, that the future existence of large numbers of people may be threatened with extinction. In that sense, we may be observing the twilight of the Anthropocene (Human) Age.
https://www.scribd.com/document/394043449/A-Global-Energy-Assessment-Jefferson-2015
Projection of world fossil fuels by country (Mohr, 2015) Fuel
Over 900 different regions and subfuel situations were modeled using three URR scenarios of Low, High, and Best Guess. All three scenarios indicate that the consistent strong growth in world fossil fuel production is likely to cease after 2025. The Low and Best Guess scenarios are projected to peak before 2025 and decline thereafter. The High scenario is anticipated to have a strong growth to 2025 before stagnating in production for 50 years and thereafter declining.
https://www.scribd.com/document/375110317/Projection-of-World-Fossil-Fuels-by-Country-Mohr-2015
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790
There will be an oil shortage in the 2020’s, Goldman Sachs says
https://www.cnbc.com/2018/11/09/goldman-sachs-there-will-be-an-oil-shortage-in-the-2020s.html
Wood Mackenzie warns of oil and gas supply crunch
https://www.ft.com/content/a1eb0e58-d7a4-11e8-ab8e-6be0dcf18713
Imminent peak oil could burst US, global economic bubble – study
https://www.theguardian.com/environment/earth-insight/2013/nov/19/peak-oil-economicgrowth
German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments
https://www.scribd.com/document/387459134/german
I AM THE MOB on Sun, 9th Dec 2018 4:50 pm
China is headed for collapse..The tiny island of Japan kicked that country’s ass more than twice. Then they left because it’s not worth holding. China is killing themselves in pollution way faster than the USA when you compare where and how the majority lives.
Debt, Not Trade War, Is China’s Biggest Problem
Officially China’s debt is a small number: 47.60%. Unofficially, it’s hard to figure it out. For a good reason: the government is both the lender and the borrower. One branch of the government lends money to another branch of government. Government-owned banks, for instance, lend money to State Owned Enterprises (SOEs) and Town Village Enterprises (TVEs). But there are some unofficial estimates. Like one from the Institute of International Finance (IIF) last week, which place China’s debt to GDP at 300%!
https://www.forbes.com/sites/panosmourdoukoutas/2018/11/24/debt-not-trade-war-is-chinas-biggest-problem/#2809abd54c4d
The Chinese “economic miracle” is built on a mountain of debt. As Chinese GDP grew over 12-fold in 20 years to $12.24 trillion at the end of 2017, credit in the Chinese financial system grew over 40-fold, taking the debt-to-GDP ratio from 100% to 400%, if one counts the shadow banking system. Shadow banking credit aggregates are omitted from official statistics, but they add at a minimum 100% to the total debt to GDP ratio for China (see this Brookings Institution paper).
https://www.marketwatch.com/story/chinas-coming-recession-has-pushed-oil-below-60-2018-11-13?link=sfmw_fb
China central bank chief warns of ‘Minsky moment’
https://www.ft.com/content/4bcb14c8-b4d2-11e7-a398-73d59db9e399
China’s grand plan hit by delays and debt fears
https://asia.nikkei.com/Spotlight/Cover-Story/Is-China-s-Belt-and-Road-working-A-progress-report-from-eight-countries
Brian Dingoman-two on Sun, 9th Dec 2018 4:58 pm
“Time will reveal all folks
JuanP identity theft on Sun, 9th Dec 2018 5:05 pm
Davy on Sun, 9th Dec 2018 3:37 pm
I started this BS many years ago asg70. I just can’t learn to stop yapping off like the wounded widdle pussy that I am.
Davy sock on Sun, 9th Dec 2018 5:16 pm
JuanP identity theft on Sun, 9th Dec 2018 5:05 pm
I AM THE MOB on Sun, 9th Dec 2018 5:37 pm
No, The U.S. Is Not A Net Exporter Of Crude Oil
https://www.forbes.com/sites/rrapier/2018/12/09/no-the-u-s-is-not-a-net-exporter-of-crude-oil/?fbclid=IwAR2Gd4Nwsl7CEiq9pgjhdC2KNEwnR1szo5nM-_1htimlHNrhexTt6vH8juY#405a80a84ac1