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Page added on March 8, 2020
Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices
With the commodity world still smarting from the Nov 2014 Saudi decision to (temporarily) break apart OPEC, and flood the market with oil in (failed) hopes of crushing US shale producers (who survived thanks to generous banks extending loan terms and even more generous buyers of junk bonds), which nonetheless resulted in a painful manufacturing recession as the price of Brent cratered as low as the mid-$20’s in late 2015/early 2016, on Saturday, Saudi Arabia launched its second scorched earth, or rather scorched oil campaign in 6 years. And this time there will be blood.
Following Friday’s shocking collapse of OPEC+, when Russia and Riyadh were unable to reach an agreement during the OPEC+ summit in Vienna which was seeking up to 1.5 million b/d in further oil production cuts, on Saturday Saudi Arabia kick started what Bloomberg called an all-out oil war, slashing official pricing for its crude and making the deepest cuts in at least 20 years on its main grades, in an effort to push as many barrels into the market as possible.
In the first major marketing decision since the meeting, the Saudi state producer Aramco, which successfully IPOed just before the price of oil cratered…
… launched unprecedented discounts and cut its April pricing for crude sales to Asia by $4-$6 a barrel and to the U.S. by a whopping $7 a barrel in attempts to steal market share from 3rd party sources, according to a copy of the announcement seen by Bloomberg. In the most significant move, Aramco widened the discount for its flagship Arab Light crude to refiners in north-west Europe by a hefty $8 a barrel, offering it at $10.25 a barrel under the Brent benchmark. In contrast, Urals, the Russian flagship crude blend, trades at a discount of about $2 a barrel under Brent. Traders said the Saudi move was a direct attack at the ability of Russian companies to sell crude in Europe.
Confirming the obvious, Iman Nasseri, managing director for the Middle East at oil consultant FGE said “Saudi Arabia is now really going into a full price war.”
The draconian cuts in monthly pricing by state prouder Saudi Aramco are the first and clearest indication of how the Saudis will respond to the break up of the alliance between OPEC and Russia, which as we noted earlier, dumped MbS on Friday in a stunning reversal within OPEC+. Talks in Vienna ended in dramatic failure on Friday as Saudi Arabia’s gamble to get Russia to agree to a prolonged and deeper cut failed to pay off.
And the second indication that the OPEC oil cartel is now effectively dead, came a few hours later when Bloomberg again reported that in addition to huge price cuts, Saudi Arabia was set to flood the market with a glut of oil to steal market share and capitalize on its just announced massive price cuts as the kingdom plans to increase oil output next month, going well above 10 million barrels a day.
In addition to slashing prices, Saudi Arabia has privately told some market participants it could raise production much higher if needed, even going to a record of 12 million barrels a day, according to Bloomberg sources.
But before hitting a stunning 12mmb/d, Saudi production will first rise above 10 million barrels a day in April, from about 9.7 millions a day this month: “That’s the oil market equivalent of a declaration of war,” an unnamed commodities hedge fund manager said.
Meanwhile, as Bloomberg correctly notes, “with demand being ravaged by the coronavirus outbreak, opening the taps like that would throw oil market into chaos.”
According to preliminary estimates, with Brent trading at $45, a flood of Saudi supply as demand is in freefall, could send oil into the $20s if not teens, in a shock move lower as speculators puke on long positions in what Goldman calls periodically a “negative convexity” event.
Oil traders are looking to historical charts for an indication of how low prices could go. One potential target is $27.10 a barrel, reached in 2016 during the last price war. But some believe the market could go even lower.
What is the logic behind the Saudi decision?
According to one take, the shock-and-awe Saudi strategy could be an attempt to impose maximum pain in the quickest possible way to both Russia and other producers, most notably shale, in an effort to bring them back to the negotiating table, and then quickly reverse the production surge and start cutting output if a deal is achieved.
While that’s certainly possible, it has already been tried once – back in 2014/2015 – and the result was humiliation for Riyadh as not only shale came out stronger, but Russia had no problems absorbing the lower prices. Instead, the most likely outcome is that Russia will be able to withstand a shock price far longer than Saudi Arabia, which has budgeted for a Brent price of $58/b for 2020 (which would lead to a 6.4% budget deficit). A realized price which is roughly half that – should the Saudi strategy work out as planned – would lead to social unrest and government turmoil in Saudi Arabia, and may explain why earlier today Saudi crown prince MbS launched another crackdown on dozens of royals and army officers following the arrest of powerful princes, who may compete for the throne once the public mood in Saudi Arabia turns nasty in the coming weeks.
Could the price drop even lower now? Yes: back then there was no coronavirus pandemic destroying global oil demand.
One final point: with 10Y Breakevens driven almost entirely by the price of oil…
… once Brent craters on Monday to the mid-$30s or lower, the accompanying implosion in 10Y yields could make the record plunge in yields seen on Friday a dress rehearsal for what could be the biggest VaR shock of all time. And since QE will only send yields even lower, perhaps it’s time for the Fed to add oil futures to stocks among the expanded securities it plans on purchasing as part of QE-5 to avert the next deflationary crisis which may have just started.
208 Comments on "Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices"
Abraham van Helsing on Tue, 10th Mar 2020 5:59 am
San Marco, Venice, web cam:
https://www.skylinewebcams.com/en/webcam/italia/veneto/venezia/piazza-san-marco.html
“Tourist spots stand empty while panic-buying Italians queue down the streets to get food and police go on patrol telling people to stay inside as country’s coronavirus lockdown begins”
https://www.dailymail.co.uk/news/article-8094777/Italian-doctors-forced-choose-lives-dies.html
They created Cornovirus to slow down world oil demand to postpone the peak and oil shortages that will collapse global society.
Duh..
And the satanic kike gloats.
If he only knew what is coming his way…
REAL Green on Tue, 10th Mar 2020 5:59 am
A virus was engineered as a bio-weapon and then it escaped because of sloppiness or maybe intentionally because an individual or small group understood the consequences. This is either a Chinese fuck-up or a rogue act of species terrorism. There are many people that secretly are happy about this virus. Destroy economies and the global system as we know it. Kill off the old and sick making room for more planet. I think it was a fuck up myself but it may have been intentional. It was not a US bio-attack as the low IQ anti-American conspiracist want to believe. The reason I know this is because the Chinese would already be at war with the US. They would have figured this out quickly. These types of viruses have a trail plus the delivery has a human trail. This trail has already been more or less established to the Wulan level 4 Bio-Lab. The Chinese have tried to cover the trail up and probably are needed to establish the evidence of the trail but are not saying a thing.
China is a bad industrial place. Dangerous and virulent animal and human viruses have found a place in this country. Massive industrial waste and pollution from construction and production is the result of cancerous growth. The rest of the world is guilty too but this has been manifested most intensely in China. Mega unsupportable cities dominate a country that was once probably the most sustainable in the world. China will never be the same because the global economy will not survive this as we know it. Other nations will follow with their own particular idiosyncrasies of risk. Industries and sectors will be gutted and value chains disappear. It may not be the end of the world but it will be the end of the world as we know it. It was already teetering on the edge economically and with increasing trade tensions. A great game of military intrigue has the world on the brink. Now anger through populism and individual pain will boil making high level games a target for anger. The very rich will be confronted. Borders threatened by mass migrations. Bad shit
OK, maybe I am getting exaggerated, but am I? This could cascade because this is how succession and negative systematic impulses behave. I am glad I am prepped but that won’t save my ass if it gets really bad. It will just make a bad situation less bad. I feel better now. I have food to sit back on so if I must quarantine with or without the virus, I will not be as desperate. I still may die but not desperate as many are now or might in the future. Mad Max might play out or just a slow boil into collective poverty. I imagine it will be a little of both. I don’t see normal returning. The techno optimist will be smashed. The FAKE Greens will see their 100% renewable fantasy disappear in the winds of change. What is coming is a REAL Green world of salvage and triage. It will be efforts at life boats and hospices. All the things I have spoken about over the years. This is doom that has formed into a way of life and now it is being realized. Even if this virus thingy peters out a systematic level will have been breached and an established pathway down established. This will be a force beyond human control just like in many ways the growth impulse that got us here that self-realized. The difference is growth is slow and decline rapid at least until a level of sustainability is reached.
Realgreenadaptation.blog
REAL Green on Tue, 10th Mar 2020 6:28 am
“The Virus is a Time Machine”
https://tinyurl.com/tvfakab the automatic earth
“Around mid-January I started including coronavirus news in the daily Automatic Earth “Debt Rattle” news aggregators, and wrote the first essay on the topic on January 29. Tons of people since have asked why, but I thought the virus had “potential”. Though not everybody would agree, I still think that. So the Debt Rattles are full of coronavirus these days. For a proper understanding, we must remember that China was 4-5 weeks too late in reporting the disease, and after that the west was 4-5 weeks late in acting on the news. This happens simply because a politician who cries wolf will have a short career, and reporters, certainly today, follow that same model. I explained 5 weeks ago why this happens the way it does in China in The Party and the Virus, but western countries’ political and media systems are structured very much the same way. Being early to warn does not help your job prospects. Unless you’re 100% sure, but then you won’t be alone and there’s nothing left to warn about. So might as well stay mum. Until you must speak, and then you’re way behind, and you’ll be as wrong as you are late. Cast in stone. Bias “R” Us. But then, that’s why there’s the Automatic Earth. The Matrix is never perfectly sealed. In the case of COVID19, the story is not about the numbers of cases or fatalities at any given point after two months and change, it’s about the disruption it will cause. We have a highly contagious virus that can cause death. That is all you need to know really. Feel free to claim that reactions and measures are over the hill, but no government has the option to say things are not all that bad and it’s business as usual…And people comparing COVID 19 to seasonal flu are therefore way off base. It’s not apples and oranges, it’s apples and baseballs -if not baseball bats-. Both are round but they have little else in common. The seasonal flu has been around since at least 1899, when the first epidemic was reported, what ever that meant back then. The COVID19 virus is, far as we know, 3 months and change old. So any numbers you can toss around, of so many people killed by one and not the other, are pretty much meaningless. They are completely different entities that just happen to perhaps look alike if you don’t look to close. You can bring up the comparison, but you don’t say a thing about COVID19 if you do…The most striking characteristic of the virus may be, if not should be, its exponential (or quadratic, if you will) progress once it gets hold. Ben Hunt tweeted earlier today, in reaction to Rome shutting down a quarter of the entire country, that “Italy is a time machine that shows us our future. Why do we ignore it?” But it’s not just Italy. It’s a pattern, it’s a dynamic, it’s motion. All things that regular flu is not…The virus is a time machine in the sense that whereas we can -in theory- assume that the regular flu moves in human time, COVID19 very much appears to move in virus time. Almost something you would ask a quantum theorist to look into.”
Abraham van Helsing on Tue, 10th Mar 2020 6:31 am
“It was not a US bio-attack as the low IQ anti-American conspiracist want to believe. The reason I know this is because the Chinese would already be at war with the US. They would have figured this out quickly.”
The Chinese are too busy dealing with the consequences to be able to wag war, yet.
Maybe the Chinese government feels it is not ready for war.
What the Chinese government DOES know is that IF it would become public knowledge that this was a western black op (CIA-MI6-Mossad), it would have no choice but to go to war.
It’s too early too tell. The real blow back could come next year. Rest assured that the Chinese government would share this info with the Russian and certain European governments (French, Italian, not German).
Davy on Tue, 10th Mar 2020 6:45 am
“Covid-19 & China’s War On The Truth”
https://tinyurl.com/qpn4m8z gatestone institute
“Chinese laboratories identified a mystery virus as a highly infectious new pathogen by late December last year, but they were ordered to stop tests, destroy samples and suppress the news, a Chinese media outlet has revealed. “A regional health official in Wuhan, centre of the outbreak, demanded the destruction of the lab samples that established the cause of unexplained viral pneumonia on January 1. China did not acknowledge there was human-to-human transmission until more than three weeks later. “The detailed revelations by Caixin Global, a respected independent publication, provide the clearest evidence yet of the scale of the cover-up in the crucial early weeks when the opportunity was lost to control the outbreak… The consequences for Italy, which currently has far more infected persons than the rest of Europe combined, are described by Massimo Galli, the primary infectious disease specialist at Milan’s Sacco Hospital: “We are in full emergency. Yes, I am worried. The epidemic has to all intents and purposes conquered a part of Italy…. The situation is, frankly, an emergency from the point of view of the healthcare system. It is the equivalent of the tsunami in terms of the number of patients with major illnesses hospitalized all at once. This is just the tip of the iceberg. Even the best health organization in the world, and we are among them, risks not being able to withstand such an impact… Zeng Yingchun and Zhen Yan, two nurses from Wuhan, the epicenter of the coronavirus, wrote a dramatic letter for the medical journal The Lancet, in which they asked the international scientific community for help: “The conditions and environment here in Wuhan are more difficult and extreme than we could ever have imagined. There is a severe shortage of protective equipment, such as N95 respirators, face shields, goggles, gowns, and gloves. The goggles are made of plastic that must be repeatedly cleaned and sterilised in the ward, thereby making them difficult to see through.” One day later, the nurses requested that their letter be withdrawn… At the Wuhan Institute of Virology, scientists carry out research at a laboratory that has the highest level of biological containment on the mainland, to study the world’s “most dangerous pathogens”. That the coronavirus might be related to Wuhan’s virus research laboratory is considered by some a “conspiracy theory,” but China’s refusal immediately to accept help from the US Centers for Disease Control understandably arouses suspicion… Italy’s fatal mistake was in trusting China’s regime. Instead of checking everyone — Chinese or Italian — returning from China since January, Italy kept its borders open. It is now dealing with tens of thousands of Italians under quarantine, 3,858 people infected and 148 deaths (as of March 6), the paralyzation of northern Italy’s economy, fear and hysteria in the population, with empty supermarkets in Milan, to mention just some effects of the coronavirus. Italy is now the world’s third-most-infected country after China and South Korea, with Iran not far behind.”
Dredd on Tue, 10th Mar 2020 6:48 am
Oil wars … not just for empires anymore eh?
The Peak Of The Oil Wars – 3
Davy on Tue, 10th Mar 2020 6:58 am
“The Chinese are too busy dealing with the consequences to be able to wag war, yet.”
Bullshit cloggo, if this was established as a bio attack the Chinese would have acted quickly. They have as good or better bio-weapons having made leaps and bounds in the pursuit of a dominance in biotechnology. They have done this by scouring the globe for talent and material. This is all well established but of course this does not fit into your fantasy agenda. What you get wrong is yea this could be CIA or Mossad but the evidence is flashing China as the source. This does not work for you because if destroys your WWIII of China domination and destruction of the US with a eurotard PBM phoenix resulting. Instead your Europe I now being destroyed. It is coming to the US also and the resto of the world.
“Maybe the Chinese government feels it is not ready for war.”
The Chinese are always ready for war, cloggo. WTF, you are speculating based on your agenda. You have to find some reason for China not lashing out at a fantasy bio-attack.
“What the Chinese government DOES know is that IF it would become public knowledge that this was a western black op (CIA-MI6-Mossad), it would have no choice but to go to war.”
You don’t know shit about the highest levels of leadership in China, cloggo. This is all fantasy in your head. Tell me some EuropeUp and USdown stuff like the makato1 and his AsiaUp west down trash. Or better yet, do ID theft and socks trying to tell people this virus is nothing. What a bunch of fucking losers.
Davy on Tue, 10th Mar 2020 7:01 am
“Words of Wisdom to Chicken Little – The Sky Is Not Falling”
https://tinyurl.com/wdsvdct zero hedge
“Today is a crescendo of mass hysteria promoted by the media and out of touch with reality. Today will not be the norm going forward. We must separate financial market movements, oil price implications and the psychology of the masses and analyze the expected outcome to the financial health of the country.”
“And then there is the 2019 novel coronavirus. Any loss of life is unfortunate. But in the US, there are 100 murders a day, 110 car accident deaths per day and 40% of the population will get cancer in their lives. Coronavirus will prove to have a slightly higher mortality rate than the flu. Current hysterical behavior is largely due to the media spreading fears of something new and unknown. Should we have a more dire financial reaction to this virus than World War I and II? Again, this should be the height of the hysteria to the virus. Hand sanitizer and tuna fish will once again be stocked in our big box stores. More information about anti-viral medication to treat symptoms will continue to inform the public. And an immunization/ preventative shot will be available for the next flu season. As the public starts to understand the issues better and the uncertainty diminishes, the fears will subside. This all starts to get better from today on. Looking at the data, China, the start of the coronavirus, is at the tail end of these issues with only 18 new daily cases.”
Abraham van Helsing on Tue, 10th Mar 2020 7:02 am
“Covid-19 & China’s War On The Truth”
https://tinyurl.com/qpn4m8z gatestone institute
Gatestone Institute is founded by a (((Nina Rosenwald))) and is a kosher hate group:
https://en.wikipedia.org/wiki/Nina_Rosenwald
https://en.wikipedia.org/wiki/Gatestone_Institute
John Bolton ran the joint between 2013-2018.
Davy on Tue, 10th Mar 2020 7:05 am
“All 3 US Cities Hit By COVID-19 Show Markedly Lower Weekend Traffic”
https://tinyurl.com/yx2zfzcs zero hedge
“Takeaway: while weekday traffic is getting back to normal, weekend congestion is essentially zero in Beijing and Shanghai although somewhat better in Shenzhen. China is clearly getting back to work but leisure travel/shopping is still not yet reaccelerating…Takeaway: the northern Italian quarantine is not affecting Milan’s traffic as much as China’s weekend data shows, but Roman congestion shows a marked slowing of economic activity starting Thursday and Paris was well below trend this weekend…Takeaway: all 3 US cities affected by COVID-19 show markedly lower weekend traffic than average, and the generally subpar congestion during the middle/later part of the workweek tells us this is not due to the sorts of seasonal patterns we mentioned in our “Markets” section…The upshot from all this: as capital markets have already started to discount, the global consumer is quickly retrenching, led by individuals who live in a city where COVID-19 has taken hold.”
Davy on Tue, 10th Mar 2020 7:15 am
“Gatestone Institute is founded by a (((Nina Rosenwald))) and is a kosher hate group:”
cloggo, attacks the messenger but he will use them as needed himself as well as his personal WordPress of lies. Cloggo, this evidence is on multiple other source. I have dozens of articles from multiple sources discussing these things. There is no way to prove anything for sure but one thing is evident it started in China in a city with a level 4 biolab experimenting with these types of viruses. Unlike you and your fantasy agendas, I am not saying a CIA or Israeli connection is not possible. I am saying the facts are not pointing to it plus time is even more telling. In fact, all the usual anti-American conspiracy characters like you on the net have gone quiet about a US attack on China. Even the Russians have gone quiet. Sure, fringe and low net traffic nutter sources continue on. Yet the cloggo keeps on because he is a fraud and lost in a 20/7 broadcasting of a white racist PBM of EuropeUp, AsiaUp and the USdown. It is hilarious to watch you and the makato1 become more and more marginalized in regards to the truth of current events.
JuanP on Tue, 10th Mar 2020 7:16 am
Words of Wisdom to Chicken Little – The Sky Is Not Falling
https://tinyurl.com/wdsvdct zero hedge
Today is a crescendo of mass hysteria promoted by the media and out of touch with reality. Today will not be the norm going forward. We must separate financial market movements, oil price implications and the psychology of the masses and analyze the expected outcome to the financial health of the country.”
“And then there is the 2019 novel coronavirus. Any loss of life is unfortunate. But in the US, there are 100 murders a day, 110 car accident deaths per day and 40% of the population will get cancer in their lives. Coronavirus will prove to have a slightly higher mortality rate than the flu. Current hysterical behavior is largely due to the media spreading fears of something new and unknown. Should we have a more dire financial reaction to this virus than World War I and II? Again, this should be the height of the hysteria to the virus. Hand sanitizer and tuna fish will once again be stocked in our big box stores. More information about anti-viral medication to treat symptoms will continue to inform the public. And an immunization/ preventative shot will be available for the next flu season. As the public starts to understand the issues better and the uncertainty diminishes, the fears will subside. This all starts to get better from today on. Looking at the data, China, the start of the coronavirus, is at the tail end of these issues with only 18 new daily cases.
Davy on Tue, 10th Mar 2020 7:18 am
Oh, boy the real forum fraud, juanPee is up. LMFAO. juanPee you are truly ill and a perfect example of a psychopathic personality lost in obsessive cyber tolling.
Abraham van Helsing on Tue, 10th Mar 2020 7:32 am
“Coronavirus: Italy suspends mortgage payments amid lockdown”
https://www.independent.co.uk/news/world/europe/coronavirus-italy-economy-mortgage-payments-symptoms-lockdown-latest-a9389486.html
The UKSSR TheIndependent keeps wining about the closed borders Greece-Turkey and these “poor fighting-age male muslim refugees”, yet…
https://www.independent.co.uk/voices/greece-turkey-border-migrants-eu-refugees-erdogan-a9387541.html
Far-right groups from Germany and France have put out calls for their members to travel to Greece and participate in these “hunts”. Some have reportedly already arrived.
As these groups are accountable to no one, and publicly infiltrated and organised by far-right activists in certain instances, legal order is taking a hit.
On Dutch television there were interviews with despicable Dutch NGO employees (mostly wimmin) who withdrew from Lesbos and other Greeks islands after they were threatened by Greek and other right-wingers:
https://www.groene.nl/artikel/ngo-s-trekken-zich-terug-van-lesbos
“Ngo’s trekken zich terug van Lesbos”
(NGOs withdraw from Lesbos)
https://www.elsevierweekblad.nl/nederland/achtergrond/2018/03/na-seksfeesten-oxfam-waarschuwt-kaag-voor-heksenjacht-op-ngos-593491/
“Witch-hunt on NGOs”
Abraham van Helsing on Tue, 10th Mar 2020 7:38 am
Oh, boy the real forum fraud, delusional davy is up. LMFAO. davy, you are truly ill and a perfect example of a psychopathic personality lost in obsessive cyber tolling.
Davy on Tue, 10th Mar 2020 7:38 am
“Oil, Stocks Rip Higher After Trump Promises “Very Dramatic” Actions To Support The Economy”
https://tinyurl.com/tpes6z6 zero hedge
“During the daily virus update press conference, President Donald Trump said his administration will discuss a possible payroll tax cut with the U.S. Senate, saying they would seek “very very substantial relief” for the economy that has been roiled by the outbreak of coronavirus. Trump, speaking at a White House news conference, added his administration plans to speak with lawmakers on Tuesday, seeking the aid to help hourly wage earners “so they don’t get penalized for something that’s not their fault.” The president also said he that he plans to announce “very dramatic” actions to support the economy at a press conference on Tuesday.”
“And just like that WTI is up 4%…”
“And Dow futures are up over 400 points…”
Abraham van Helsing on Tue, 10th Mar 2020 7:48 am
It’s been a few weeks, but here it is again: Alex Jones invited Richard Spencer for an interview:
https://www.youtube.com/watch?v=utes3X7ZLZU
Jones keeps his distance but a certain rapprochement is obvious. Jones flirts with white nationalism although he claims he doesn’t.
“There are so many minorities voting for Trump!”
P.S. I obviously didn’t post “Abraham van Helsing on Tue, 10th Mar 2020 7:38 am”
REAL Green on Tue, 10th Mar 2020 8:17 am
“Resilience: Living Beyond Fear With The Coronavirus”
https://tinyurl.com/sdzvmqk resilience
“Some believe the Global Challenge will inevitably lead to civilizational collapse. The situation is far more subtle, and indeed more hopeful. Nate Hagens, one of the great thinkers on the Global Challenge, believes it is far more likely humanity will “bend but not break.” William Gibson, the science fiction writer, puts it well when he says “the future is already here. It is just not very evenly distributed.” It is in the nature of the Global Challenge that we can’t predict what combination of global stressors will result in what outcomes, when, where, or how. This view is called being “trigger agnostic.” We don’t know what will trigger what, when, where, or how.”
REAL Green on Tue, 10th Mar 2020 8:18 am
This “Global Challenge” will surely lead to an accelerated decline process that was already at what seemed to be an undulating plateau of growth with both destructive and constructive change. The fantastic results of the digital age and the hyper productive global value chains papered right over the great financial crisis. This narrative also has given greens hope that we can go green and clean and still grow. Does that sound too good to be true?
If one faces honest science with economics and the sociopolitical, we see a trend. Science is flashing planetary decline with localized failures of systems including Gaia. Honest people in the pseudoscience of economics see a Ponzi arrangement of a Bubble of bubbles. Sociologist see similar dysfunction across the human spectrum, in fact, humans are a Bubble. Specialization fails to see these negatively converging forces because the human narrative is fully dominated by techno optimism plus, we are habituated to growth. Nobody knows anything but growth on this earth today. A generalized view of things from an awakened mind will see a gradient of change which mirrors the succession of the global living ecosystem. Multiple tipping points appear to be breached and are now converging negatively. Forces are now beyond human forcing. These forces now will be much stronger than human forcing plus beyond fixing.
This is now a time for a behavioral change from humans. A crisis like this virus might be that opportunity. I say might because the narrative of techno optimism is so powerful and seductive. Instead we need a narrative of acceptance of these forces that are beyond human control. Now we need people to discuss life boats of resilience involving common sense mitigation efforts that adapt a population in overshoot with consumption and population. It is also about hospices of discussion revolving around the abstract death of a civilization. This civilization is like no other so the discussion needs to be centered on local and delocalized forces. The local needs to be beefed up and forces of delocalization mitigated. The delocalization of globalism can’t be decoupled from. It is here to stay for most locals for a long time to come but we can begin changing behavior and actions now. We are in crisis so if we can’t change at least some now then I have little hope for a life similar to what we have today. What will be ahead will be several levels lower and that is a scary world.
Realgreenadaptation.blog
JuanP on Tue, 10th Mar 2020 8:19 am
Oil, Stocks Rip Higher After Trump Promises “Very Dramatic” Actions To Support The Economy
https://tinyurl.com/tpes6z6 zero hedge
During the daily virus update press conference, President Donald Trump said his administration will discuss a possible payroll tax cut with the U.S. Senate, saying they would seek “very very substantial relief” for the economy that has been roiled by the outbreak of coronavirus. Trump, speaking at a White House news conference, added his administration plans to speak with lawmakers on Tuesday, seeking the aid to help hourly wage earners “so they don’t get penalized for something that’s not their fault.” The president also said he that he plans to announce “very dramatic” actions to support the economy at a press conference on Tuesday.
And just like that WTI is up 4%…
And Dow futures are up over 400 points…
Davy on Tue, 10th Mar 2020 8:27 am
Let’s all hope coronavirus actually ends up being worse then the flu. And millions of Americans die. Instead of only 26. Cus if it doesn’t I just wasted the past 20 years of my life building my monestary of doom. And my family and ex friends will still keep calling me a lunatic.
world grater supremacist muzzies love for the love of supremacist muzzies on Tue, 10th Mar 2020 8:33 am
supertards
plesee cjamge ur underware after 5 days, my persoal goal is 4 days
i read an article where supertards are very unhappy politicans don’t listen to them on matter of climate change.
that’s weird. i thought people in love are happy so why not? love of muzies conquer all and bring happiness. please continue to love muzzies ok supertards
pls respect supertard
JuanP on Tue, 10th Mar 2020 8:38 am
Well, Let’s all hope coronavirus actually ends up being worse then the flu. And millions of Americans die. Instead of only 26. Cus if it does I am am going to look like a complete fool. And my family and ex friends will still keep calling me a lunatic.
Abraham van Helsing on Tue, 10th Mar 2020 8:38 am
Richard Spencer, our continental European man in the Americas, pleads for “Europe a Nation” a la Oswald Mosley did in the thirties:
https://www.youtube.com/watch?v=_9-hRMf-5-M
The poor brexiteer Brit in the middle has been disinvited from Spencer’s show since (Spencer mockingly said that the Brit has joined ISIS). He has become an anachronism.
Spencer is pro-EU. He has been proven right now that the EU, since Ursula von der Leyen, is squarely backing the Greek center-right government closure of the Greek-Turkish border.
https://www.independent.co.uk/news/uk/politics/brexit-news-latest-commissioner-for-protecting-our-european-way-of-life-ursula-von-der-leyen-a9098991.html
“EU accused of adopting ‘fascist rhetoric’ with new Commissioner For Protecting Our European Way of Life to oversee immigration policy”
The UKSSR Independent is right in detecting a fundamental change in the behavior of the EU vis-a-vis immigration, enabled by Brexit and Trump.
The 10 million km2 global USA is changing into a 5 million km2 European America and will morph from English-centric into German-centric and join European mainstream:
https://documents1940.wordpress.com/2017/09/25/amerikaner/
Global-Britain will be an extremely lonely affair.
JuanPee on Tue, 10th Mar 2020 8:39 am
Loving supertards
plesee cjamge ur underware after 5 days, my persoal goal is 4 days
i read an article where supertards are very unhappy politicans don’t listen to them on matter of climate change.
that’s weird. i thought people in love are happy so why not? love of muzies conquer all and bring happiness. please continue to love muzzies ok supertards
pls respect supertard
Abraham van Helsing on Tue, 10th Mar 2020 8:54 am
Hilarious: in an empty French football stadium, the stadium speaker takes over the role of public, probably to stimulate the players:
https://www.nu.nl/279519/video/franse-stadionspeaker-leeft-zich-uit-in-leeg-stadion.html
Abraham van Helsing on Tue, 10th Mar 2020 9:05 am
The Corona situation in the Netherlands:
https://coronavirus.preppers.nl/
So far very much contained.
Corona, an exercise in exponential growth:
https://twitter.com/silviast9/status/1236933818654896129
On February 27th, Italy had 600 people infected with coronavirus.
Today, it has 10,000 cases and the entire country is on lockdown.
That was *11 DAYS AGO.*
Guess how many the US has right now: 600.
THAT is exponential growth. Do the math.
The difference between Italy and the US?
2 weeks.
Abraham van Helsing on Tue, 10th Mar 2020 9:10 am
Countries with high population density like China, Italy, Korea are at a clear disadvantage to contain the crisis.
Russia characteristically has no Corona problems.
The situation in the US and Canada will be easier to contain as well.
Abraham van Helsing on Tue, 10th Mar 2020 9:38 am
Putin for Ever!!!
https://www.zeit.de/politik/ausland/2020-03/russland-wladimir-putin-praesidentschaft-verfassungsreform
The Russians just voted for a constitutional change, that will allow Vladimir Putin (“Vlad the great”, 1952) to make himself a presidential candidate AGAIN in 2024.
Putin is now 68. If we credit him to be able to be president until 80, that would mean he could be around until at least 2030, sufficient long to outlive the empire.
world grater supremacist muzzie lovers united on Tue, 10th Mar 2020 9:47 am
there are some triggered muzzies and supremacist muzzie lovers here today
world grate supremacist muzzie lovers united on Tue, 10th Mar 2020 10:10 am
we’re just a bunchof pimps and players and supremacist muzzie lovers
– darkie supertard pastor james david manning
world grate supremacist muzzie lovers united muzzie can do no rong on Tue, 10th Mar 2020 10:22 am
muzzie from egypt roasted two in virginia
I AM THE MOB on Tue, 10th Mar 2020 10:30 am
Russian opposition carrying the EU flag (from last week)
https://i.redd.it/gykkspri6pl41.jpg
Duncan Idaho on Tue, 10th Mar 2020 10:39 am
Dow 30
23,793.14
-57.88(-0.24%)
After -2000 yesterday, I thought the Fat Boy and the Thugs would have a positive day.
There must be somebody they can rip off?
Davy on Tue, 10th Mar 2020 10:43 am
“if we close red after yesterday’s collapse, that would be unprecedented in market history.”
“Stocks Erase Gains – Tumble Into Red After Trading Limit-Up Overnight”
https://tinyurl.com/rru7yt5 zero hedge
“US equity markets have tumbled back into the red for the day – after briefly touching limit-up levels overnight. The driver appears to be a loss of faith (or hope) that fiscal stimulus is coming anytime soon. The Dow and S&P are red and Small Caps notably underperforming…Notably, as Bloomberg details, prior to Monday’s steep decline, the S&P 500 had plunged by 5% or more to start the week on nine occasions since 1955. On each of the following Tuesdays, the benchmark bounced back by 2% or more, data compiled by Bloomberg show. So… if we close red after yesterday’s collapse, that would be unprecedented in market history.”
Davy on Tue, 10th Mar 2020 10:51 am
27 Americans dead now!
Go Covid-19 Go!!!
Duncan Idaho on Tue, 10th Mar 2020 11:10 am
1893 — US: Failed the Grade? New Mexico State University cancels it’s first graduation ceremony — its only graduate, Sam Steele, was robbed & killed last night.
REAL Green on Tue, 10th Mar 2020 11:12 am
That’s almost a third as many Americans die in car accidents every day Davy!
https://tinyurl.com/yxqbw7lo
Go Coronavirus!
JuanP on Tue, 10th Mar 2020 11:14 am
“27 Americans dead now!”
Go Covid-19 Go!!!
JuanP on Tue, 10th Mar 2020 11:15 am
“That’s almost a third as many Americans die in car accidents every day juanPee!”
https://tinyurl.com/yxqbw7lo
Go Coronavirus!
Duncan Idaho on Tue, 10th Mar 2020 11:21 am
Dow 30
24,215.46
+364.44(+1.53%)
All right- the Fat Boy and the Thugs are smiling again!
Back to ripping off the proletariat—-
Davy on Tue, 10th Mar 2020 11:21 am
I though you said you wanted Trump to get re-elected juanPee?
JuanP on Tue, 10th Mar 2020 11:25 am
we’d though you said you wanted Trump to get re-elected juanPee?
JuanP on Tue, 10th Mar 2020 11:42 am
I did Davy.
Go Trump!
Davy on Tue, 10th Mar 2020 11:43 am
Then stop spreading fake MSM misinformation.
stupid
Duncan Idaho on Tue, 10th Mar 2020 12:13 pm
Being president is an actual job — and this idiot just can’t do it
https://www.alternet.org/2020/03/being-president-is-actually-a-job-and-this-idiot-just-cant-do-it/
Duncan Idaho on Tue, 10th Mar 2020 12:16 pm
“it’s another crisis in which Donald Trump and his team of ass-kissing henchmen are dealing with it like the Three Stooges trying to fix the plumbing — Curly accidentally trapping himself in a cage of leaky pipes, while geysers of water shoot out of the light fixtures. Trump’s total absence of presidential qualifications, like the fuel rods at Chernobyl’s No. 4 reactor, are becoming rapidly exposed, precipitating a political, economic and public health meltdown unlike anything we’ve experienced in the modern age.”
Well, they do know how to lie and cheat.
Not totally worthless.
JuanP on Tue, 10th Mar 2020 12:20 pm
Yo, Then stop spreading fake MSM misinformation.
stupid
JuanP on Tue, 10th Mar 2020 12:21 pm
I did Davy. I’m a troll.
Go Trump!
Duncan Idaho on Tue, 10th Mar 2020 12:30 pm
BUSINESS INSIDER: U.S. Only Has Record of 1,707 Coronavirus Tests Being Conducted Nationwide (U.S. Population: 329,000,000); U.S. Testing Rate of 5 People Per Million Is Exponentially Worse Than Anywhere Else Testing Data Is Available (South Korea: 3,692 Tests Per Million People)
(The number today is up to something like 4300 which doesn’t really change that chart much.)