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Apocalyptic Thinking Is Wrong
“Let’s not teach our children that apocalyptic thinking is right thinking,” says Laurence Siegel. Apocalypticism “has always been wrong as a forecast, and it will continue to be wrong.”
Siegel is a business consultant and the director of research at the CFA Institute Research Foundation. In Fewer, Richer, Greener, he argues convincingly that humanity has spent two centuries rising from our natural state of abject poverty, and that most of the credit for that goes market institutions and democracy. Parsing current trends, Siegel foresees world population peaking and then stabilizing by the end of this century. (Hence the “fewer.”) He argues that economic growth will bring humanity much greater wealth and more adept technologies. (Hence the “richer.”) And thanks to increased urbanization and steadily improving material efficiency, he thinks our species will tred more lightly on many natural ecosystems. (Hence the “greener.”)
Let’s take a closer look at each of those three forecasts.
“High death rates are the cause of high birth rates,” explains Siegel. World population grew very slowly in the Malthusian past because, although people had lots of babies, more than half of them died before reaching adulthood. Modern sanitation and medicine and greater supplies of food meant falling death rates; that combined with still-high birth rates to produce a population explosion, with the number of people in the world rising from 1 billion in 1800 to 7.7 billion now.
The global total fertility rate—that is, the number of children each woman is likely to bear over her lifetime—has fallen from around 5 in 1960 to 2.42 now. The United Nations forecasts that world’s total fertility rate will eventually fall below the conventionally defined replacement rate of 2.1 children per woman; the U.N. says population will then stabilize around 11 billion, and Siegel basically agrees.
So humanity is demographically transitioning from its natural state of high birth and high death rates to a more recent stage of high birth and low death rates to the low birth and low death rates seen in much of the world now. About half of the world’s population currently lives in countries with below replacement fertility. The U.S.’s total fertility rate, for example, has dropped to a record low of 1.73 children per woman.
Why are more people around the world having fewer children? Incentives, explains Siegel. Rearing children in modern societies costs a lot, both in money and in foregone opportunities and pleasures. Given that about 99 percent of kids born in countries like the U.S. will make it to age 20, parents are choosing to spend more resources on fewer children, who will thereby be more likely to enjoy successful lives. “To put it just a little too crassly, in wealthy societies and increasingly in less wealthy ones, children have become a cost center (some would even say a luxury good), not a profit center,” Siegel observes.
Siegel’s projections of future population growth may in fact be excessively high. In a 2018 study, demographer Wolfgang Lutz and his colleagues at the International Institute for Applied Systems Analysis offer an alternative scenario projecting rapid economic growth, rising levels of educational attainment for both sexes, and technological advancement—all factors that tend to lower fertility. They expect that world population could peak at about 8.9 billion by 2060 and then decline to 7.8 billion by the end of the century.
In any case, these trends mean that there will be many more old people in the future. Having worked most of his life in finance, Siegel offers some good advice how to prepare for retirement. He recommends that one “save a predetermined percentage of one’s income escalating over time, until enough money has been accumulated to replace (when Social Security benefits are also included) 70% of the pay rate one has been earning just before retirement.” At retirement he suggests using 15 percent of your savings to buy a deferred life annuity that kicks in at age 85, thus making sure that you still have income once you’ve spent down your savings.
As world population exploded, so too did economic growth, resulting in what the University of Illinois at Chicago economist Deirdre McCloskey calls the Great Enrichment. Siegel cites urbanist Jane Jacobs’ trenchant observation: “Poverty has no causes. Only prosperity has causes.”
The economic historian Angus Maddison calculated that global per capita income in 1 A.D. was $467 per year (in 1990 dollars). By 1820, global per capita income had risen to nearly $1,200 per year. Over the next two centuries, per capita GDP in current U.S. dollars rose to $11,300—or, taking purchasing power into account, to nearly $18,000 per person.
Income, of course, is not equally distributed across the world. Some places—Somalia, Niger, Malawi—are sadly stuck in Malthusian traps where per capita incomes are still below that global average from 1 A.D. The good news is that economic growth has taken off in many poor countries in recent decades, so their incomes are rising to converge with those of already developed nations. Inequality between countries is falling, and the global rate of abject poverty (people living on less than $1.90 per day) has fallen from 42 in 1981 to 8.6 percent in 2018. By one measure, half of the world’s population is now middle-class or wealthier.
Siegel provides reams of solid data for similarly heartening global trends. Crop productivity, food availability, life expectancy, and education are increasing; violence is in decline.
So that explains fewer and richer. But is Siegel right that the world will be greener?
Economists have identified an inverted U-shaped relationship—the environmental Kuznets curve—in which environmental conditions initially deteriorate as economic growth takes off, then improve when citizens with rising incomes demand better environmental amenities. For example, research has found that rising incomes eventually lead to falling air and water pollution and the expansion of forests. Generally speaking, richer is cleaner.
These curves do not peak and turn downward by themselves. They do so with a mixture of private and government action, with the details differing from one country to another. In the U.S., the levels of six common air pollutants—soot, ozone, lead, carbon monoxide, nitrogen dioxide, and sulfur dioxide—have fallen by an average of 74 percent since 1970. Meanwhile, gross domestic product grew by 380 percent.
Siegel acknowledges that man-made climate change could pose significant problems for humanity as this century advances. But he notes that billions of relatively poor people face more immediate problems, including unsafe drinking water, uncertain food supplies, a dearth of educational opportunities, excessive local pollution, a lack of sanitation, and—importantly—no access to modern energy services. With respect to how best to prioritize between longer term environmental threats and fulfilling urgent needs, he writes, “There is no single answer. Economic growth will help—a lot.”
Siegel sees ecomodernism as the way forward to a greener world. “Intensifying many human activities—particularly farming, energy extraction, forestry, and settlement—so that they use less land and interfere less with the natural world is the key to decoupling human development from environmental impacts,” states An Ecomodernist Manifesto, a document written by 18 scientists and activists in 2015. “These socioeconomic and technological processes are central to economic modernization and environmental protection. Together they allow people to mitigate climate change, to spare nature, and to alleviate global poverty.”
Humanity may already be approaching peak farmland, as we grow ever more food on ever less land. Although Siegel doesn’t mention it, global tree cover has expanded between 1981 and 2016 by 7 percent. That’s a territory of about 865,000 square miles, more than three times the size of Texas.
In 1960, only one third of people lived in cities. This has now increased to 55 percent, making this the first time in history that more folks live in cities than in the countryside. By 2050, nearly 70 percent of people will be city dwellers. Compact cities are much more energy-efficient, in addition to providing people with much better access to economic opportunities, education, and medical care.
While energy efficiency and renewables will play significant roles in helping humanity to decouple from nature, Siegel is also clear-eyed about the need for greater supplies of energy to alleviate poverty through economic growth. His solution: modern nuclear power. “For most applications, nuclear power dominates both fossil fuels and renewables in almost every aspect: efficiency, safety, reliability, carbon neutrality, fuel abundance, and eventually, price,” he argues.
If we can maintain and spread the institutions—free markets, the rule of law, property rights, free speech, and democratic governance—that underpin the Great Enrichment, Siegel’s forecast of fewer, richer, and greener will come to pass.
“Life has improved tremendously in the last 250 years; this book argues that it will continue to improve in almost every dimension; health, wealth, longevity, nutrition, literacy, peace, freedom, and so forth,” he writes. “Without overlooking the many obstacles on the path of progress, my aim is to reinforce and help restore people’s faith in the future—and help them understand why optimism is amply justified.”
87 Comments on "Apocalyptic Thinking Is Wrong"
onlooker on Wed, 25th Dec 2019 8:53 am
Another unabashed exercise in hopium. The facts point to Apocalypse. Nobody, in their right mind would be looking forward to a huge dieoff of humans and an end to modern civilization. And maybe even our extinction
dave thompson on Wed, 25th Dec 2019 10:40 am
“Life has improved tremendously in the last 250 years;” Even though the world wide planet is in the midst of mass extinction losing species in the oceans and land at faster and faster rates?
die leftist antiwhite racists on Wed, 25th Dec 2019 6:27 pm
Enjoy the world with 6 billion more niggers on it.
Duncan Idaho on Wed, 25th Dec 2019 6:28 pm
N. hemisphere: +1C over average
Arctic +0.1C Antarctic +1.6C
makati1 on Wed, 25th Dec 2019 6:55 pm
die, maybe you should just off yourself if you don’t want to live in a brown world? You are already outnumbered by 6 to 1. A few more generations and the world will be 100% permanent tan. Adjust or leave. LOL
makati1 on Wed, 25th Dec 2019 7:35 pm
onlooker, I agree. More feel good bullshit from the reality deniers. The world will never reach 11 billion people. Most likely not even 9 billion. If you don’t teach your kids about the ongoing decline, you fail as a parent.
Outcast_Searcher on Wed, 25th Dec 2019 8:05 pm
Ah the doomers are so predictable. Uneducated and predictable.
Sadly they never learn, even as they’re wrong decade after decade after decade, and insisting THIS time they’re right.
If you want to be successful, data and analyzing trends is your friend. If you want to whine and hate, not so much.
tommytommywantshismommy on Wed, 25th Dec 2019 8:45 pm
Once the fossils start running out (the easy oil already is), it is lights out. There is no way the planet can support 10 billion people on wind and solar. It might be tomorrow, it might be 20 years, it might be 50 years…but sooner or later something gives and we see collapse… Best thing (that isn’t happening) is some sort of population control … … In the end the sun will super nova and consume the Earth..the expansion of the universe will either slowly cool and stop and lights out or will collapse upon itself on a never ending loop and we’ll live this life over and over forever.
Duncan Idaho on Wed, 25th Dec 2019 8:51 pm
Trump voting block, or obesity map?
(or both)
https://desdemonadespair.net/wp-content/uploads/2019/12/Overall-obesity-prevalence-in-the-US-among-US-adults-by-state-and-territory-2018-CDC-1024×791.png
DerHundistLos on Wed, 25th Dec 2019 10:22 pm
Much of this article is a discussion of what the author HOPES will be the future (ex. hopefully, the global population increase will be less than predicted, hopefully the world will require less farmland to feed a larger and more affluent population).
Then the author fails to address the myriad of global ecological catastrophes in the making. For example, based on this article, one would believe the earth is devoid of oceans. No mention of overfishing, pollution, mass coral reef deaths including 93% of the 133,000 sq mi Great Barrier Reef, ocean acidification, growing oceanic dead zones, etc. What about Global Climate Change? How about the present Mass Extinction Emergency? Nada a word.
Let’s analyze one topic mentioned in the article. The author would like for the reader to believe a general rewilding is occurring on a global basis thereby resulting in a net gain of tree cover. Superficially this is true, but why? Firstly, tree cover loss in the most biologically diverse areas of the world, equatorial rainforests, continues at breakneck speed. Tree cover gain is restricted to temperate areas of the world, and, specifically, urban and suburban areas along with the abandonment of large collective farm operations in Russia. Further, Global Climate Change is moving the greenbelt closer to the poles and further up mountain ranges. It should be noted that secondary growth forest ecosystems are of significantly less biological value than primary growth ecologies.
I wish the author could convince me everything is just fine, and if only we allow the unrestricted forces of the market to prevail we would be living in a paradise, but upon closer inspections the articel falls flat.
DerHundistLos on Wed, 25th Dec 2019 10:32 pm
OUTCAST
Your unhinged commentary is a textbook definition of a non-sequitur.
Realists simply point out the ever accumulating range of ecological catastrophes growing in frequency and severity. Nobody is predicting when the end will come, although this date gets closer and closer.
For cornucopians to base their opinion that all is well and fine on this silly article demonstrates just how out of touch you are.
You will be proven wrong. That’s a fact. The only question is exactly when, and when the end due to mankind’s gross greed and negligence does arrrive, like all good scoundrels you’ll tuck your tail between your legs and claim, nevertheless, you were always right up until that point.
makati1 on Thu, 26th Dec 2019 1:44 am
OUTCAST is a deep denier. Nothing more. Nothing less. He refuses to see reality while it is all around him. obviously he doesn’t read anything that is not BAU propaganda. Doesn’t notice all the articles about ocean fish dropping below replacement levels. Not to mention ocean acidification. Etc.
But then, if he is an Amerikan, his education is so low he would not understand them anyway. Easier to deny and pretend.
While he denies the 2X4 of reality is fast approaching his face, it is. That the changes are not happening in his front yard, yet, they will and then it will be too late.
Perhaps his income depends on BAU for the rest of his life? If so, he is going to enjoy a lot of pain in the years ahead. Things, they are ah changin’… and not for the good.
makati1 on Thu, 26th Dec 2019 1:49 am
BTW: I would suggest that by 2050, 30 years or 1 1/2 generations from now, the world’s population will be less than six billion. By 2100, there may not be any humans alive on planet Earth. I see Mother Mature culling the human herd very hard in the years ahead. You can run (deny) but you cannot hide.
anon on Thu, 26th Dec 2019 4:33 am
humanity has indeed spent two centuries rising from relative poverty (not so abject as some might try to paint it) but it has a lot more to do with blowing an enormous fortune of energy reserves than it has with our particular skill at managing that fortune. indeed, for most of the past 200 years the energy was so goddamn cheap that a society could do damn near _anything_ no matter how insane and still manage to cover the bottom line. it’d have taken an exceptionally backwards and broken system to fuck up under those conditions! hell even the ussr took 70 years to collapse, under horrifically bad mismanagement of everything, because they rode along on a subsidy of almost unlimited cheap energy. many people and many societies have made the mistake of feeling smug and superior that it was somehow their skill or wisdom that gave them a fortune when in fact they had a free ride the whole time.
REAL Green on Thu, 26th Dec 2019 4:36 am
“World ‘faces 80% calorie increase by end of century”
https://tinyurl.com/qvxro46 bbc
“Researchers from Germany said a trend of increasing Body Mass Index (BMI) is resulting in individuals requiring more calories… The study, carried out by a team from the University of Gottingen, calculated that 60% of the calorie increase would be a result of the growing number of people in the world. According to the UN World Population Prospects, the global population was estimated to increase from almost seven billion in 2010 to almost 11 billion in 2100. Yet, more that 18% of the increase in the calories from 2010 levels would come from a projected increase in height and weight figures in the global population… He told BBC News: “On a global scale, we calculate that the effect of the BMI and height increases in our model would lead to additional calorie requirements that match the 2010 requirements of India and Nigeria combined.” In terms of what food would equate to an increase of 253 calories in someone’s daily diet, Dr Depenbusch said an extra two large bananas or a portion of French fries would be on the menu”
REAL Green on Thu, 26th Dec 2019 4:37 am
I have referenced this article before and now BBC picked it up. This is an excellent report to see the effects of human growth because it shows population growth but also consumption growth. People complain about too many people in the 3rd world but the issues is also well off people needing more in quantity and quality that is likewise an issue. The article did not even go into the effects of added consumption by people with more money. This means people are eating higher value foods and these foods are often more energy intensive. More meat, processed foods, and plant-based foods shipped long distances.
I am a permaculture farmer. I do not see how a 60% rise in calories can happen. The techno optimist will point to technology but this is bogus. Nothing I see points to this amount of growth when one realizes what is happening to food production. Industrial agriculture productivity per acre is stalling. The oceans are dying. Soil and water issues are increasing. Climate induced agricultural problems are everywhere. We now even have intensive animal production under threat with pandemics. The other issue not talked about is a likely economic decline that will hit both farmers and consumers. If you are poorer you can buy less food and or produce less food.
All this talk from FAKE Greens about vegan bullshit is likewise a joke. Nothing wrong with vegan until you try to scale it up globally for people’s eating habits and agriculture production reality. Vegan is a niche way of life. People are not going to only eat a narrow range of plant foods. Those that will are going to be forced into it with low quality plant-based foods. Grazing lands are not going to be converted to vegan sources. Vertical farming is a niche and lab meat is another farce out of the scientific community. The one area where changes could be made are with localism and the change of behavior that going local requires. We can plant more urban gardens and animal husbandry. More people who inhabit rural areas can produce foods. Initially this will have to be like hobby farms because as a small farmer I can tell you there is no making a living in it.
This is where behavior must be part of the equation. People will have to get out of their digital obsessions and away from leisure distractions and get out and in the dirt. This will only boost food production a little BTW. Gardening will only account for a small amount of increase globally but this effort can make a big difference locally. There is no way we will accomplish a 60% increase in calories. This will mean for many people more food competition which means higher prices and or less options. It will likely be both. Go price a good steak and BTW I am not getting a fair price for the calves I am selling when you see this price. Somebody is getting a big cut of that deal. I do not see how populations can grow to 11BIL. I say this primarily from the fact food will not be there.
REAL Green on Thu, 26th Dec 2019 5:28 am
“Venezuela collapse: looting, hunger, blackouts”
https://tinyurl.com/ua7jml9 energy skeptic
REAL Green on Thu, 26th Dec 2019 5:29 am
This is a good summary of the whammy of converging problems associated with a decline process. Rich places will see abandonment, dysfunction, and the irrational. This will strike systematically economically, socially, and with the local environment. Prepping is a prime source of increase resilience and sustainability for situations like this. Good prepping takes years to build up and perfect. It starts with choosing a local and then choosing how you are going to build up that local. BTW, green prepping is a great way to help your local and the planet.
Go low carbon and local and you will see REAL Green. BTW, prepping will only get you so far because pretty much all of our survival is now influenced by the Anthropocene and the delocalization of human activity. You will buy yourself time prepping but you will not find a refuge like you might think. Keep that in mind because going into green prepping requires lots of sacrifice and choosing alternative. Some may choose just to live like a cavalier and not think about what is ahead. Live for the moment in the bliss of being oblivious. This usually means cognitive dissonance that lads to dysfunctional behavior but it is easy to do.
Many of REAL Green choices will not be easy and comfortable. For those who are trapped with no money or time you can still change your behavior to be a tougher individual when sacrifice is forced on you. The decline process can be dealt with using proper behavior but that behavior needs to come first and be cultivated. You have to go through the Kubler Roth stages of grief. This may or may not be death related but it does relate to a process of dying. Everything around you will suffer decline and this will cause grief. Toughen up now so when this comes you are ready. This will allow you a better range of responses. If you have also made some basic prep investments the combination of behavior and material prep will be a welcome resource to draw on.
We do not know how decline is going to hit. Expect a range of processes and events to hit. Some dangerous and difficult and or some uncomfortable and inconvenient. If you can get out of a bad local. There are locals where any amount of prep will be washed away in cascading decline. If you can move to a local with the basics of sustainability and resilience. Overpopulated areas with high consumption levels are always going to be problematic. Areas that are not positioned well with climate and or environmental decline likewise should be avoided.
If you are lucky enough to be in a local that is resilient and sustainable great. If you are blessed with money and time even better. If you want to embrace green prepping than awesome. Combine these resources into a REAL Green Monastery of low carbon capture combined in a hybrid way with the best resources from the status quo. Use the status quo to leave it. Build up something that is a lifeboat of REAL Green tech and a hospice of knowledge. What you will have is a beacon for those who come after you. You may not be the one to face the worst of what is ahead but you might be the one who teaches those who will pass through this gauntlet.
Cloggie on Thu, 26th Dec 2019 5:40 am
“Multicultural Separatism: Will London Leave England?”
https://www.eurocanadian.ca/2016/11/multicultural-separatism-will-london-leave-england.html
The possibilities for a Versailles 2.0 are endless.
Cloggie on Thu, 26th Dec 2019 6:05 am
Let them lock horns!
https://www.independent.co.uk/news/world/americas/trump-space-force-china-peace-us-security-a9258296.html
“China calls Trump’s Space Force a ‘direct threat to peace’ and ‘serious violation of international consensus'”
MIC goes in the overdrive, making too many enemies.
Davy on Thu, 26th Dec 2019 6:27 am
“China calls Trump’s Space Force a ‘direct threat to peace’ and ‘serious violation of international consensus’” “MIC goes in the overdrive, making too many enemies.”
Of course the cloggo doesn’t mention China and Russia are already weaponizing space. This is probably because the cloggo does not understand what is going on with military matters.
Cloggie on Thu, 26th Dec 2019 6:33 am
“Extra-territorial US sanctions on Nord Stream 2 bringing Russia & Europe closer together – economy minister”
https://www.rt.com/business/476844-eu-russia-us-sanctions/
Exactly right.
https://www.youtube.com/watch?v=kCjPosoULrM
Sissyfuss on Thu, 26th Dec 2019 10:08 am
This article, like most of modern perspective, comes from a completely anthropomorphic narrative. Nature is even as both supermarket and landfill, nothing more. We are in overshoot crashing into a bottleneck. In order to deny the reality of our dilemma we must afix our awareness to a BAU meme that states our future will continue the pasts condition of plenteous bounty, that what has been will continue to be. And we will hang on to our delusions of prosperity for as long as possible.
makati1 on Thu, 26th Dec 2019 4:34 pm
If one lives in a less prosperous country, one can see the future all around. There is every level of existence in my neighborhood. From the worn out Nipa Hut my 72 year old neighbor lived in until he passed, to the modern house on the other side of ours that is easily worth $100K and has two cars.
Many here in the Philippines are living the US’ future and I am not talking about the rich neighbor. Many will not notice the collapse in the US, or anywhere outside their neighborhood, or care. Only the self-centered BAU types will really suffer.
If you never had it, you will not miss it. Step down the ladder voluntarily before it is pulled out from under you. The fall from the lower rungs will be less painful than from the top. Prepare for the worst and hope for the best.
Davy on Thu, 26th Dec 2019 4:43 pm
“Many here in the Philippines are living the US’ future and I am not talking about the rich neighbor. Many will not notice the collapse in the US, or anywhere outside their neighborhood, or care. Only the self-centered BAU types will really suffer.”
Bullshit, makato, the P’s is an overpopulated island of 100MIL. You will “STARVE” dumbass. Get a grip or maybe you are so far into denial you will never figure it out
makati1 on Thu, 26th Dec 2019 5:07 pm
Davy, you can deny and spout your bullshit word salads, but no one listens, or reads, or cares. Your self-centered, arrogant bullying is meaningless here. We all know you are so brainwashed with that USMSM propaganda about the rest of the world that you have no idea what reality is. The rest of the world is moving on and the US is being left behind in self-isolation.
You are the one living in a failing country that has ONE growing season and if it fails, like this year, your food supply is going down. So many US farmers are committing suicide that there may not be any farms soon. I live in a 365 day/year growing season and there is food everywhere here. People here plant food on their property, not grass and ornamental shrubs. They raise chickens, ducks, goats, etc., not cats or dogs. Get a real world education Davy.
Davy on Thu, 26th Dec 2019 5:20 pm
“Davy, you can deny and spout your bullshit word salads, but no one listens, or reads, or cares.”
Sure they do, makato, traffic on my blog picks up when I post good comments here. Comments you do not have the intelligence to understand.
“Your self-centered, arrogant bullying is meaningless here.”
Makato, ah, you attacked me first with this unprovoked attack:
“The site has been ruined by the bullshit started by Davy and continued by the others. Davy’s arrogance, immaturity and deeply washed two brain cells, are also typical America today.”
Yea, makato, that is you spouting off and doing your arrogant bullying. Normally you do the cowardly thing and wait until your support network of juanPee and annoymouse are out to help you out.
“ We all know you are so brainwashed with that USMSM propaganda about the rest of the world that you have no idea what reality is. The rest of the world is moving on and the US is being left behind in self-isolation.”
Stupid drivel of an old man stuck in the jabbering redundancy which is typical of an 80 year old.
“You are the one living in a failing country that has ONE growing season and if it fails, like this year, your food supply is going down.”
Your Asia is suffering pretty bad these days, makato. Tell us about all the dead pigs around your place. LOL.
“ So many US farmers are committing suicide that there may not be any farms soon.
More BS from the brain dead senior
“ I live in a 365 day/year growing season and there is food everywhere here. People here plant food on their property, not grass and ornamental shrubs. They raise chickens, ducks, goats, etc., not cats or dogs. Get a real world education Davy.”
Makato, you don’t raise shit and you know it liar. You are a lazy old man living on a small social security stipend thinking you are a jet setter. What a joke.
The REAL davy on Thu, 26th Dec 2019 6:13 pm
davy, you don’t raise shit and you know it liar. You are a crazy old man living on a small social security stipend thinking you are a jet setter. What a joke.
makati1 on Thu, 26th Dec 2019 6:16 pm
JuanP, quit trolling the forum
Anonymouse on Thu, 26th Dec 2019 6:17 pm
JuanP blow me a blow job
The Board on Thu, 26th Dec 2019 9:23 pm
Please everyone. The troll thrives on conflict. Do not feed the Davy troll.
full woke supremacist muzzies jerk low English on Thu, 26th Dec 2019 9:46 pm
The Board on Thu, 26th Dec 2019 9:23 pm
Please everyone. The troll thrives on conflict. Do not feed the Davy troll
supertard, you are the guy who scooped up all the lib urns from the shelves, stop!
please respect supertard. you’re trying too hard.
merry (((supremetard))bday
and may you have a happy muzzie free new year too, and in company of many fine luscious women
Cloggie on Fri, 27th Dec 2019 3:40 am
Der Spiegel attacks financial doom prophets:
https://www.spiegel.de/wirtschaft/finanzkrise-was-an-den-argumenten-der-crash-propheten-dran-ist-a-1302526.html
According to them, people save TOO MUCH, most of all Germany, that saves 7% of its GDP (240 billion).
Doomers always claim that central banks create too much fiat money. The problem is that inflation is too low and that deflation, not inflation, is the real threat. The real reason for low interest rates is too much saving. There isn’t enough demand for credit.
Cloggie on Fri, 27th Dec 2019 3:45 am
ISIS on the march in the Sahel, the zone South of the Sahara. France wants to increase western troops presence, especially in Mali, but Germany says it does enough:
https://www.spiegel.de/politik/ausland/mali-deutschland-will-frankreich-nicht-bei-spezialkraefteeinsatz-helfen-a-1302834.html
France has oil and uranium interests in Mali.
https://www.dw.com/en/the-interests-behind-frances-intervention-in-mali/a-16523792
Critics accuse France of having a neo-colonial agenda.
Davy on Fri, 27th Dec 2019 4:15 am
“Doomers always claim that central banks create too much fiat money. The problem is that inflation is too low and that deflation, not inflation, is the real threat. The real reason for low interest rates is too much saving. There isn’t enough demand for credit.”
Cloggo, the EU is “zombiefied” with negative rates and regional distortions. The business environment is ridged and this inflexibility stifles growth along with the distortions of negative rates. The real problem with the EU is stagflation which is both inflation and deflations in a mix. You are screwed cloggo, in a downward cycle of decline. Quit putting lipstick on it and learn to adapt to it. It is not the end of the world but you need to quit talking up your golden age which is really just an age of rust and decay. The same problems are in the US and China but not near as bad. You have some great assets too cloggo but you are still leading the way into a collapse process of globalism.
I AM THE MOB on Fri, 27th Dec 2019 4:45 am
See that black dude shooting that AK-47 out his window in Texas on instagram?
I AM THE MOB on Fri, 27th Dec 2019 4:47 am
Davy
WOW! Well said. By far one of your best comments ever. I agree.
Clogg won’t respond to that. lol
Cloggie on Fri, 27th Dec 2019 4:55 am
“Cloggo, the EU is “zombiefied” with negative rates and regional distortions. The business environment is ridged and this inflexibility stifles growth along with the distortions of negative rates.”
What does that mean, “zombified”, “rigged”. The EU has trade surpluses and debt levels, the Anglos can only dream about.
https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
And we have a future-oriented, holistic energy policy, nobody else has. And there are endless financial resources available to push the transition through. Currently financiers are fighting over the privilege to install an offshore wind park without subsidy.
The dollar reserve currency is the last cork you are floating upon. Without that (and it is coming) you are going to lose 35-40% GDP and fall back to the status of an XXL Slovenia. You already have the corresponding FLOTUS.LOL
The best way to tell that the US is on the way out is to read your endless litany of doom since 2005. But you don’t want to admit that the US is falling from global pole position, so you invent stories about billions who supposedly are going to die as a result of your peak oil superstition and that everybody else is falling apart, with the US conveniently “the last man standing”.
The truth is that, as a result of disastrous immigration policies, designed by (((those))) who lord over you and want to phase you out from history, your country is the most polarized, the most destabilized of them all, with great potential for balkanization.
If white America is lucky enough that that happens, they can rejoin European mainstream and form an “Northern alliance” around the North Pole of “Ice People” (this is how we are known by coloureds)…
https://medium.com/@harrystead17/breathe-like-the-iceman-how-to-use-the-wim-hof-method-8048fe9591de
…from Lisbon to Wladiwostok to Anchorage to New Foundland back to Paris. And a separate English-Anglo-Canadian side-show.
Davy on Fri, 27th Dec 2019 5:02 am
blah blah blah, the cloggo is nervous now because reality is biting. LMFAO
Cloggie on Fri, 27th Dec 2019 7:40 am
“Turkish Airlines prepares to sue Boeing for financial losses due to 737 MAX grounding”
https://www.rt.com/business/476463-turkish-airlines-sue-boeing-737/
Try to figure out the meaning of this Dutch proverb:
https://www.mooie-zinnen.nl/wp-content/uploads/2017/05/spreekwoord-op-tegeltje-als-er-een-schaap-over-de-dam-is-volgen-er-meer.png
Cloggie on Sat, 28th Dec 2019 2:50 am
Now this is a nice way to start the weekend!
The Americanization of Britain is in full swing:
https://www.dailymail.co.uk/news/article-7831355/Duchess-plans-turn-Sussex-Royal-brand-global-empire.html
“Could Meghan Markle start her own newspaper? Duchess plans to turn her Sussex Royal brand into a global empire as she trademarks the title on dozens of products including ’emotional support services’, clothing and magazines”
You can’t make this stuff up! Poor Lizz2, who is presiding over a royal train-wreck. Her son Charles screwed up with his marriage, to the tune that MI6 had to kill Diana in a Paris tunnel. Next the Dick of York, Andrew, turned out to have developed a dangerous taste for Lolita’s under the approving eyes of the International Kike, Epstein. And now, to top it off, “prince” Harry, albeit making a promising start in life…
https://tinyurl.com/y7pdhx36
…has turned into a defenseless love-puppy, opening the door of the House of Windsor for the American Mega-Marxist (but I repeat myself) Meghan Markle.
Now over to the comment section of the DailyFail to see what our Brexiteer friends have to say about this development (note the massive kudos):
coolbreeze2, PNW, United States, 9 hours ago – What this shows is that she was never in this to support the BRF, but to build a global Meghan brand using someone else’s money. Shameful.
Pro: 8846
Con: 116
Kronos2000, Sydney, Australia, 9 hours ago – Of course, marrying Harry was just a money spinner for her. Harry is a fool!
Pro: 6778
Con: 70
Mamie Watts, Denver, 9 hours ago – Her Majesty needs to put a STOP to this selling of the Crown now.
Pro: 6470
Con: 52
Somewhereupnorth, Manchester, 9 hours ago – Now it’s all starting to make sense, it’s a business opportunity for her. She’s a complete embarrassment to the RF and this country!
Pro: 5780
Con: 49
It is difficult to overstate the importance of this development. This is a direct hit at the top symbol of British society.
Can’t wait for Meghan Markle presenting her new lingerie line from a catwalk erected in a corridor in Windsor Castle.
Next expect the “Daily Markle” newspaper on a Daily Basis to demand total open borders for Britain in order to take in 40 million “climate refugees” from Darkiestan.
Poor Anglos. Rather than preparing for their favorite pastime, namely bombing white German children from safe altitude on orders of uncle Schmull, they are now faced with total collapse of their institutions.
We, the 640 million of continental Europe, as well as the 1350 million Chinese, should enjoy this spectacle from a safe distance, while smoking fine Cuban hand-rolled cigars and drinking Scottish whiskey. The new Eurasian motto should be: there can never be enough darkies in Anglostan, now that all-out wars have become impossible thanks to nukes and all that is left is defeat of your (Anglo) opponent through inner subversion and regime change from within.
The main Eurasian geopolitical asset is white Anglo despair.
Won’t be long until Eurasia can come up with a Churchillian percentage agreement about who gets what from the Anglo loot.
Cloggie on Sat, 28th Dec 2019 3:14 am
“The ‘Brexodus’ of Europeans from the UK”
https://daniellebatist.com/2019/03/22/the-brexodus-of-europeans-from-the-uk/
Post-Brexit Britain: white people out, dark people in.
Cloggie on Sat, 28th Dec 2019 5:04 am
Best indicator Holland is booming (unfortunately?):
https://www.geenstijl.nl/5151208/file-punt-exe/
Ever increasing traffic jams
2018: +20%
2019: +17%
Traffic jam = economic activity.
Holland is ready for autonomous driving, in order to prevent a traffic infarct.
Oops, should have said “the Netherlands”:
https://www.theguardian.com/world/2019/oct/04/holland-the-netherlands-dutch-government-rebrand
Davy on Sat, 28th Dec 2019 5:09 am
“Best indicator Holland is booming (unfortunately?): Ever increasing traffic jams Traffic jam = economic activity.”
More economics according to the cloggo. LMFAO
Cloggie on Sat, 28th Dec 2019 5:15 am
“LMFAO”
“LMFAO” is not an argument but a clear sign of intellectual impotence.
Explain to us why traffic is NOT a sign of economic activity.
Tic-toc-tic-toc
Oh and where is your rebutal of the European Golden Decade 2010-2020?
You have none. The emperor wears no clothes.
https://deepresource.wordpress.com/2019/12/27/european-golden-decade-2010-2020/
Davy on Sat, 28th Dec 2019 6:03 am
“Explain to us why traffic is NOT a sign of economic activity.”
cloggo, of course it is economic activity but that does not by extension become an indicator of a booming economy. It is this kind of agenda forcing that makes your comments so fraudulent.
“Oh and where is your rebutal of the European Golden Decade 2010-2020?”
OH, you need only look at where the EU is currently with its policy and the condition of bonds and tier financing between regions. The EU is a mess cloggo and your golden decade of financial dislocation is the reason. This behavior is taking the EU into a bad place but you love it because it makes for statements like this: “European Golden Decade 2010-2020”
tic-toc-tic-toc
when the cloggo does this it is a sign of cognitive dissonance
Cloggie on Sat, 28th Dec 2019 6:23 am
I will have you know, that I have extensive knowledge, and experience in physics and engineering. I have done PHd level work in a numerous fields that have advanced mankind’s technological advancement and understanding in ways you cannot even imagine.
Which is more than I can say for “LMFAO” in Missouri.
Davy on Sat, 28th Dec 2019 6:40 am
cloggo, I find people that brag too much are usually deficient intellectually in the sense of being rounded. I would place you in that category. You have a narrow-minded agenda based chauvinistic attitude. This means you will bend knowledge to fit your agenda thereby lowering its quality significantly. What has to be done with a person like you is cherry picking the good stuff and trashing the rest. You offer some great info unlike our PO forum trolls but again you are snake oil selling EU greatness. I enjoy debating you because of this. You are easy to shoot down across the board.
Cloggie on Sat, 28th Dec 2019 6:41 am
Didn write the previous post.
Der Spiegel, no friend of Russia, claims that Russia (for the readers in the Ozarks: thatś Europe) as the first country in the world has deployed hypersonic missiles, ¨Avangard¨:
https://www.spiegel.de/politik/ausland/russland-nimmt-offenbar-hyperschall-raketen-avangard-in-betrieb-a-1302968.html
Range: 4000-6000 km, depending on source.
Can break break through any missile shield in the world.
In a test, the missile was started in Southern Russia and hit a target in the Far East in Kamschatka, at the other side of the country.
Speed: an incredible MACH 20-27
The difference is that this missile is maneuverable.
According to Russia these missiles are in line with existing START treaties.
Iḿ sure the good folks at Boeing will figure something out in response.LOL
Cloggie on Sat, 28th Dec 2019 9:57 am
Dutch word of the year:
https://nos.nl/artikel/2316468-schaamte-onze-taal-woord-van-het-jaar-freek-de-jonge-taalstaatmeester.html
1. Schaamte (shame)
2. Brexitmoe (Brexit fatigue)
3. Stikstofcrisis (nitrogen crisis)
The woord ¨shame¨ is related to vliegschaamte” (flight shame) or “vleesschaamte” (meat shame)