Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on March 25, 2019
Kunstler: Buyer’s Remorse
The Narrative is dead! Long live The Narrative!
That’s what played on CNN, NBC, and The New York Times yesterday as they struggled to digest the parting meal Robert Mueller served to the RussiaGate lynch mob: a nothingburger with a side of crow-flavored fries. Mr. Mueller was careful, though, to leave a nice red poison cherry on top with his statement that “…while this report does not conclude that the President committed a crime, it also does not exonerate him.”
Mr. Mueller, who ought to know better, could not be more in error on that too-fine-a-point. The official finding that no crime was committed is, ipso facto, an exoneration, and to impute otherwise is a serious breach of his role in this legal melodrama. Prosecutors are expressly forbidden to traffic in defamation, aspersion, and innuendo in the absence of formal charges. So, it will be interesting to hear what Mr. Mueller has to say when Jerrold Nadler reels him into the House Judiciary Committee, as inevitably he will, to do to some ‘splainin.’
What actually happened with RussiaGate? A cabal of government officials colluded with the Hillary Clinton campaign to interfere in the 2016 election and, failing to achieve their desired outcome, engineered a two-years-plus formal inquisition to deflect attention from their own misconduct and attempt to overthrow the election result.
The Cable News characters, quite a few of them lawyers, were litigating the living shit out of the story on Sunday night in their usual spirit of obdurate rank dishonesty. For instance, Jeffrey Toobin, who plays Attorney General on CNN, went off on the infamous 2016 Trump Tower Meeting in which the president’s son, Donald, Jr., met with Russian lawyer Natalia V. Veselnitskaya. Toobin omitted to mention that Ms. Veselnitskaya was, at that very time, on the payroll of Fusion GPS, Hillary Clinton’s “oppo” research contractor. In other words, Trump Junior was set up.
That was characteristic of the collusion that actually occurred between the Hillary campaign, the FBI, the DOJ, the CIA, the NSA, the UK’s MI6 intel agency, and the Obama White House, striving to prevent the election of a TV reality show star, and to disable him afterwards — also of the news media’s role in the whole interminable scam of RussiaGate. Their fury and despair were as vivid the night of March 24, 2019, as on November 8, 2016. And now they will attempt to spark off a sequel.
Rachel Maddow, for instance, struggling to maintain her dignity after two years playing Madame DeFarge on MSNBC, tried to console her fans with the prospect of Mr. Trump getting raked over the coals by the DOJ’s Southern District of NY prosecutors for crimes as yet unpredicted — really, whatever they might find if they turn over enough rocks in Manhattan. Perhaps she doesn’t know how the justice system actually works in this country: we prosecute crimes not persons. In places like Stalin’s Soviet Union and Hitler’s Germany, you first choose a person to eliminate and then fit them to a crime. If no crime can be found, one is easily manufactured. In the USA, a predicate crime is required before you can launch a prosecution. Perhaps the actual Attorney General, Mr. Barr, will advise the avid staff of the Southern District of NY how this works.
There remains also, the rather sweeping panorama of misconduct and probable crime among the government (and former government) players in the agencies mentioned above. Does the full Mueller Report mention, for instance, that the animating document claiming that Trump colluded with Russia was manufactured by Mrs. Clinton’s employees? And that this document was used time and again improperly and illegally to prolong the inquisition? How could Mr. Mueller not acknowledge that? And if not, what sort of investigation was this?
You are forced to ask: did Mr. Mueller play an honorable role in this epic, multilayered scandal? And is Mr. Mueller himself an honorable character, or something less than that? I believe we’ll find out. The other team is coming to bat now — and just in time for MLB’s opening day, too. The Mueller report has been a shocking disappointment to the so-called “resistance,” but what about the as-yet-unreleased DOJ Inspector General’s report on these very matters? Or the parallel investigation of federal prosecutor John Huber, who is charged specifically with looking into the malfeasance of the RussiaGate investigators? Or whatever action the Attorney General himself launches in the wake of all this? Or whether Mr. Trump finally declassifies the mountains of documents behind the simple failure to find him guilty of any crime?
My favorite college professor and mentor, David Hamilton, once put a curious question to us when we were vexing him for some reason now forgotten: “Why,” he asked, “Did Achilles drag Hector around the city of Troy three times?”
We twiddled our cigarettes and pulled our chins.
“Because he was just that pissed,” he said.
123 Comments on "Kunstler: Buyer’s Remorse"
Duncan Idaho on Tue, 26th Mar 2019 5:58 pm
U.S.’s biggest Christian charity reportedly channeled $56.1 million to purported hate groups
No surprise there—
I'm so so depressed JuanPee on Tue, 26th Mar 2019 6:23 pm
What’s “her Moby Prick” mean Davy?
Duncan Idaho on Tue, 26th Mar 2019 6:25 pm
Fat Donnie is losing it–
Trump Tries To Undo North Korea Sanctions – Gets Sabotaged By His Own Staff
https://www.moonofalabama.org/2019/03/trump-tries-to-undo-north-korea-sanctions-gets-sabotaged-by-his-own-staff.html
Antius on Tue, 26th Mar 2019 6:36 pm
“My god cloggo you call me names from your extremist racist right side and the MOBbie calls me names from the extremist liberal side.”
The word ‘racist’ was invented by the Jewish communist monster Leon Trotsky and used to slur any ethnic Russian that opposed the Jewish Bolshevik takeover of his country. Once his power had grown sufficiently, Trotsky no longer needed psychological slurs; instead he could send the Checka to murder whoever he wanted.
The same people use the same word against white European people today, who oppose the Jewish Marxist driven brown-skin colonisation of their countries. It’s good to know who is pulling your strings is it not?
Davy on Tue, 26th Mar 2019 6:53 pm
Racist feel superior to other types of people. Keep it simple Antius. I am not anti-White just sick of spinless racist whites whining. I am also sick of the MOBster and his racist shit.
Davy on Tue, 26th Mar 2019 6:57 pm
We don’t want wetbacks in my country anymore.
DEPORT DIRTY WETBACK JUANPEE!
Cloggie on Tue, 26th Mar 2019 8:02 pm
Brexit Breakthrough!
UK not to be 51st US state, thank God!
https://www.dailymail.co.uk/news/article-6853561/Key-Eurosceptic-Jacob-Rees-Mogg-says-Theresa-Mays-deal.html
“Sorry, but I WILL back May’s deal, says Rees-Mogg: Key Eurosceptic dramatically changes his mind and warns other hardliners they risk losing Brexit altogether as Boris hints that he will switch too”
The hardliners fear that otherwise Brexit will be canceled by the majority Remainers in parliament.
The wine must be tasting excellent in Brussels!
We now have the fantastic opportunity for “international division of labour” between Britain and continental Europe, when together we can come to the rescue of our younger brothers in North-America, when things go terrible wrong there (or terribly right, that’s a matter of perspective) and restore the glory of the Boreal world…
https://www.eurocanadian.ca/2018/11/white-identity-politics-in-canada.html
…Britain in Anglo-Canada, France in Quebec and PBM in Heartland USA, when we are going to liberate them back, after we have established that “1776” was clearly a bridge too far, I mean see for yourself:
https://www.eurocanadian.ca
It goes without saying that after Europe has finished the job, in conjunction with essential local European Loyalists (recognizable by yellow vests, for starters), the map of North-America will be dramatically redrawn, like is has been numerous times over the past 500 years.
It goes without saying that the relocation business will thrive over the coming years:
https://documents1940.wordpress.com/2017/09/25/amerikaner/
I AM THE MOB on Tue, 26th Mar 2019 9:16 pm
Tulsi Gabbard: Trump indictment might have ‘led to civil war’
“If [Trump] had been indicted for conspiring with Russia to interfere with and affect the outcome of our elections, it would have precipitated a terribly divisive crisis that could have even led to civil war,” Gabbard said in a statement posted on Twitter.
https://thehill.com/homenews/campaign/435780-tulsi-gabbard-trump-indictment-might-have-led-to-civil-war
I AM THE MOB on Tue, 26th Mar 2019 10:00 pm
Can a collapse of global civilization be avoided?
Humanity has the assets to get the job done, but the odds of avoiding collapse seem small because the risks are clearly not obvious to most people and the classic signs of impending collapse, especially diminishing returns to complexity [28], are everywhere.
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/
Cloggie on Tue, 26th Mar 2019 11:51 pm
Tulsi Gabbard: Trump indictment might have ‘led to civil war’”
Even a peaceful departure of Trump in 2020 or 2024 “might lead to a civil war”.
Reason:
https://documents1940.wordpress.com/2018/05/21/european-america-is-over/
Cloggie on Wed, 27th Mar 2019 12:06 am
This is what you get if you let extremists and diversity mongers like mobster and his water carrier empire dave design a society:
https://www.dailymail.co.uk/news/article-6852995/Youth-18-fighting-life-two-men-armed-knives-stab-multiple-times.html
“Six stabbed in London bloodbath: Men aged between 17 and 26 are wounded in separate incidents with one fighting for his life after night of carnage across the capital”
Shouldn’t have said that:
https://www.dailymail.co.uk/news/article-6854265/Cherie-Blair-tells-pupils-African-womens-sexual-experience-rape.html
“Cherie Blair causes storm after telling pupils that ‘most African women’s first sexual experience is rape’ during school talk”
Exactly the kind of people you would like to live among.
Uh-oh: Boeing 737 Mad Max at it again:
https://www.dailymail.co.uk/news/article-6853553/Southwest-737-Max-makes-emergency-landing-Orlando.html
“Southwest Boeing 737 Max plane makes emergency landing in Orlando after suffering engine failure just two weeks after second fatal crash involving similar aircraft”
I thought the entire fleet was grounded?
I would love to see a photo of the 737 max design crew.
Antiue on Wed, 27th Mar 2019 2:43 am
“Sorry, but I WILL back May’s deal, says Rees-Mogg: Key Eurosceptic dramatically changes his mind and warns other hardliners they risk losing Brexit altogether as Boris hints that he will switch too”
Personally, I hope Britain does lose Brexit altogether. Not because I want to remain wedded to the Marxist European union; but because I want the British to become an angry and vengeful people. The sort of people that are prepared to mount the sort of rebellion that the Americans pulled off in 1776. This is the only real long term solution to our problem.
The time for this to happen will be after the next financial crisis. At this point, the British government will be too lacking in resources to maintain its iron grip and people will be able to meet and organize without fearing the ‘terror police’ which are Britain’s equivalent of the Checka and Gestapo. Fifteen years from now, Zob-boy is going to find out what it feels like to be hung, drawn and quartered.
Cloggie on Wed, 27th Mar 2019 3:18 am
MAGA-latest
http://www.spiegel.de/wissenschaft/weltall/mond-landung-donald-trump-draengt-nasa-zu-mission-binnen-fuenf-jahren-a-1259819.html
Trump wants to put a man on the moon within 5 years, before the Chinese do. If NASA can’t do it, commercial enterprises should do it.
http://www.spiegel.de/politik/ausland/donald-trump-startet-rachefeldzug-nach-mueller-bericht-a-1259813.html
According to the lefties of der Spiegel, after “Mueller”, Trump is an a revenge spree. Open season on the “deep state” is declared. Goal: long-term cementing of power.
I AM THE MOB on Wed, 27th Mar 2019 3:41 am
Clogg
Don’t you ever get tired of sharing reactionary click bait?
You better make a run for it because when the oil shortage hits your area..It will be a stampede!
You are going to turn into your own worst enemy – a migrant..
Its sad you have to spam this board because you would be moderated anywhere else..Nobody even likes what you post, you never even get complimented..
Cloggie on Wed, 27th Mar 2019 4:08 am
Look Mob I am old and only have hope that all will be well in the near future . The alternative scares the crap out of me so I just keep doing this so I can sleep at night
I'm so so depressed JuanP on Wed, 27th Mar 2019 4:55 am
Posted this using Davy’s name
Davy on Tue, 26th Mar 2019 6:57 pm
Antius on Wed, 27th Mar 2019 5:03 am
“Trump wants to put a man on the moon within 5 years, before the Chinese do. If NASA can’t do it, commercial enterprises should do it.”
I am a proponent of space colonisation and space resource development. A return to the moon would make sense for the US if it is part of a larger plan to settle the body and exploit its resources. It does not make any sense if the goal is simply geopolitical posturing like Apollo, i.e. trying to impress the world that America is ‘better’ than China. America does not have money to waste on projects that squander wealth on impressive but non-productive boondoggles.
We should look upon the moon for what it is; a huge store house of bulk material resources in a low gravity and airless environment. With the right investments, it could be the springboard that allows humanity (or some segment of humanity) to colonise the solar system. This will buy humanity many centuries of further growth. It will not be a paradise; the scenario envisaged within ‘The Expanse’ could be a fairly accurate picture of where humanity is a couple of centuries from now.
I suspect that this will not happen until mankind gets a little cosier with nuclear energy and less squeamish about radioactivity and applies nuclear power to spacecraft launched from the Earth’s surface. Rockets burning liquid chemical fuels simply aren’t going to provide the sort of heavy lifting capability that we are going to need at a price that is affordable. To be a good space president, Trump needs to be a nuclear president.
Davy on Wed, 27th Mar 2019 5:13 am
Lying JuanP, your stupidity is losing value and it appears you are losing interest. Your trolling has gone down greatly. It is funny to see just how long you have perpetuate this noise. You have hurt this forum for you own personal egotistical reason. You claim I bully and call people names. Woo, tell the board about when you and the other rabid anti-Americans would attack me 6 at once gang banging. Tell us about your own bullying and others like Ape man or GregT. How about Anon and makato. Nearly everyone here calls others names. I think what the deal is I had a backbone for this anti-American activity and did it well. You could not stand that could you? You tried to debate me and I kicked your low IQ extremist ass. I went after makato because he is a rabid anti-American spamming the board. That is it. You are a liar and a thief about the rest. Your gang is nearly gone are you lonely? I forgot you hate people so it does not matter. Your associates are just tools for your personality disorder. You are stealing space here that does not belong to you. You are a friggin guest in the US that preaches hate and resentment for the US. Become a citizen or get out if you hate this place so much. Better yet first get help for being such a prick.
Davy on Wed, 27th Mar 2019 5:36 am
“We should look upon the moon for what it is; a huge store house of bulk material resources in a low gravity and airless environment. With the right investments, it could be the springboard that allows humanity (or some segment of humanity) to colonise the solar system.”
Antius we can’t afford to live on earth how are we going to afford the moon? I think we need to get our house in order here first. I think we have far too many problems here and should stop the high tech nonsense that you and cloggo always talk up. We need to regress the complicated unsustainable lifestyles and return to simple and resilient. The fact that the world is in a planetary collapse mode means we need to prepare lifeboats and hospices for those who face the worst. We may be able to adapt in time if we start soon. Some of us may make it through this bottleneck if we find the right behavior. Wishing upon the stars is not the right behavior.
Antius on Wed, 27th Mar 2019 6:11 am
“Antius we can’t afford to live on earth how are we going to afford the moon? I think we need to get our house in order here first. I think we have far too many problems here and should stop the high tech nonsense that you and cloggo always talk up. We need to regress the complicated unsustainable lifestyles and return to simple and resilient. The fact that the world is in a planetary collapse mode means we need to prepare lifeboats and hospices for those who face the worst. We may be able to adapt in time if we start soon. Some of us may make it through this bottleneck if we find the right behavior. Wishing upon the stars is not the right behavior.”
The bottom line is that planetary resources are running out. Fossil fuels, minerals, land, bio-resources … the whole shebang. That points to a future of grinding poverty; insufficient food and conflict over what is left. That may well be the future we end up getting; but I don’t think it is something that we should willingly surrender to if other options are possible, however incredible they may seem. Nothing about the coming thermodynamic collapse will resemble an orderly transition; it will not be possible to ‘put our house in order’. It will be war, poverty and a rapid grinding down of civilisation, along with a huge reduction in human numbers.
A much better option in my opinion is to simply accept that we have outgrown the Earth’s resources and instead of surrendering to decline, we should make arrangements to leave. Here is something that we can use:
https://en.wikipedia.org/wiki/Mini-Mag_Orion
Davy on Wed, 27th Mar 2019 6:44 am
“Turkey On Verge Of Collapse As Overnight Swaps Hit 700%, CDS Soar”
https://tinyurl.com/y5zz3p66 zero hedge
“In Turkey’s ongoing attempt to crush currency manipulators, yesterday we reported that in addition to launching a probe against JPMorgan (for its recent cut to its TRY price target) and threatening “manipulators”, on Monday Turkish authorities took a page of the Chinese currency manipulation playbook, when they made it virtually impossible for foreign investors to short the lira even as they soaked up virtually all intermarket liquidity, potentially threatening to kill the economy. As we reported yesterday, the overnight swap rate on Monday soared more than ten-fold over the prior two sessions to more than 300%, the highest spike on record going back to the nation’s 2001 financial crisis as offshore funds clamoring to close out long-lira positions failed to find counterparties and the cost of a lira short exploded. Think Volkswagen short squeeze but for a currency. Well, this unprecedented move continued on Tuesday when Turkish Lira swaps exploded again, more than doubling overnight, and hitting an insane 700%, with some reporting prints as high as 750%”
“It also means that Turkey is doing its best to burn bridges with all foreign investors, both bulls and bears, which for a country that for the past decade has been entirely reliant on outside capital inflows, could spell a death sentence.”
“Of course, Erdogan’s vendetta against the shorts, and the elimination of virtually all liquidity just to force an FX squeeze, means that the broader economic slowdown and raging inflation, which is the true reason behind Turkey’s simmering crisis, is about to get much worse. Meanwhile, with local banks burning through reserves to defend the currency on the front-end, and with shorts no longer present, it is only a matter of time before the currency collapses once more, only this time driven not by a flood of shorts but as longs capitulate ahead of what increasingly looks like another Turkish crisis.”
Davy on Wed, 27th Mar 2019 6:47 am
“Not A Single Senate Democrat Votes “For” Green New Deal”
https://tinyurl.com/y56kg2yv zero hedge
“How embarrassing is the green new deal? So embarrassing that when Senate majority leader McConnell tried to force the Democratic party’s presidential contenders into an embarrassing vote over the berserk, MMT-inducing climate-change proposal (which Republicans are confident that even sober liberal will oppose), not a single Democrat voted for it. Instead, in the vote which was blocked late on Tuesday with a vote of 0-57, 43 Democrats voted merely “present”, including the Senate’s half-dozen presidential candidates, to sidestep the GOP maneuver and, as Bloomberg put it, “buy time to build their campaign positions.”
I AM THE MOB on Wed, 27th Mar 2019 7:43 am
Davy
Stop spamming this site with your dumb ZeroIQ articles..You are the reason this site needs a moderator..You are just like clogg..A nutter who spams..
I AM THE MOB on Wed, 27th Mar 2019 7:51 am
Florida Man says MAGA hat got him kicked out of popular tiki bar w/ ‘no hats’ policy
https://www.dispatch.com/news/20190326/man-says-maga-hat-got-him-kicked-out-of-popular-florida-tiki-bar
Trump supporters have got to be the dumbest white people in the history of mankind..They are so brainwashed and dumbed down..They should be considered special needs..
Antius on Wed, 27th Mar 2019 7:59 am
“Not A Single Senate Democrat Votes “For” Green New Deal”
Kind of a shame. One less thing to bury them with in 2020. A nuclear ‘New Deal’ would have been far more achievable, but it could only be a Republican project. A couple of hundred fast breeder reactors, built to an identical design, would guarantee cheap electricity for North American for the next fifty years.
joe on Wed, 27th Mar 2019 9:14 am
The religion of peace defeated by banksters. The next move will be to blame Christians and Jews and the EU then America. Fact is that Saudi owns shares in the same banks crushing Turkey. Wonder if Erdogan will ever join up the dots……
I AM THE MOB on Wed, 27th Mar 2019 9:49 am
“If the misery of the poor be caused not by the laws of nature, but by our institutions, great is our sin.”
-Charles Darwin
I AM THE MOB on Wed, 27th Mar 2019 10:25 am
White man goes berserk ‘over a taco’ in California Mexican restaurant: ‘We’re in America, not Spanish!’
https://www.alternet.org/2019/03/white-man-goes-berserk-over-a-taco-in-california-mexican-restaurant-were-in-america-not-spanish/
Peak whitey!
peakyeast on Wed, 27th Mar 2019 11:08 am
@Antius: Reaching for the stars is, of course, something our civilisation should do to remain in existance.
However – it is totally unrealistic to even export our annual surplus of 90 mio people. Much less realistic to export in excess of 90mio.
Especially when it is so much cheaper and easier just to shoot the problem(s).
Duncan Idaho on Wed, 27th Mar 2019 11:33 am
“A secret question hovers over us, a sense of disappointment, a broken promise we were given as children about what our adult world was supposed to be like. I am referring not to the standard false promises that children are always given (about how the world is fair, or how those who work hard shall be rewarded), but to a particular generational promise—given to those who were children in the fifties, sixties, seventies, or eighties—one that was never quite articulated as a promise but rather as a set of assumptions about what our adult world would be like. And since it was never quite promised, now that it has failed to come true, we’re left confused: indignant, but at the same time, embarrassed at our own indignation, ashamed we were ever so silly to believe our elders to begin with.
Where, in short, are the flying cars? Where are the force fields, tractor beams, teleportation pods, antigravity sleds, tricorders, immortality drugs, colonies on Mars, and all the other technological wonders any child growing up in the mid-to-late twentieth century assumed would exist by now? Even those inventions that seemed ready to emerge—like cloning or cryogenics—ended up betraying their lofty promises. What happened to them?”
Antius on Wed, 27th Mar 2019 12:39 pm
“@Antius: Reaching for the stars is, of course, something our civilisation should do to remain in existance.
However – it is totally unrealistic to even export our annual surplus of 90 mio people. Much less realistic to export in excess of 90mio.
Especially when it is so much cheaper and easier just to shoot the problem(s).”
I think this is probably true, even if we can apply nuclear power to very large launch vehicles. Even if there were places to go, it will always be quite expensive to launch people into space. You would essentially need to take out a mortgage to pay for the trip. Not likely an option for the impoverished millions in the third world. If it costs an average of $10,000 to transport a person and personal effects to an industrial colony in high Earth orbit; then staying ahead of the Earth’s annual population growth would require that 90million people emigrate every year, cost $900billion. That is about 1% of world GDP. A large amount to be sure. The problem is that most emigres will be from first world countries, where population growth rate is generally quite low anyway.
In terms of saving civilisation, this strategy ensures that Earth is no longer the only cradle of life. There is also the possibility of using resources mined from the moon and near Earth asteroids to make solar power satellites to meet the Earth’s power needs. Direct export of industrial materials to the Earth is also possible if those materials are valuable, i.e. 10s-100s of dollars per kg. It won’t work for bulk materials like steel.
Especially when it is so much cheaper and easier just to shoot the problem(s).”
Cloggie on Wed, 27th Mar 2019 3:24 pm
The Nord-Stream-2 pipeline is being constructed at a steady pace of 6 km/day and will be completed by the end of the year, contributing to a Eurasian future of Europe.
And nobody can do anything about it.
https://deepresource.wordpress.com/2019/03/27/progress-on-the-construction-of-the-nord-stream-2-pipeline/
I AM THE MOB on Wed, 27th Mar 2019 4:11 pm
Facebook is banning white nationalism
https://www.cnbc.com/2019/03/27/facebook-bans-white-nationalism.html?__source=sharebar%7Cemail&par=sharebar
If you don’t like it start your own tech company..Oh wait..Right wingers can’t because they aren’t intelligent enough for computers..
I AM THE MOB on Wed, 27th Mar 2019 4:27 pm
Dear reader;
Who has more to lose in being wrong about peak oil and collapse?
Me or clogg?
If I am wrong then society keeps going and doesn’t collapse..
If clogg is wrong then society collapses and he is dead along with everyone he cares about..
It obvious who has the greater incentive to lie and be dishonest..
I AM THE MOB on Wed, 27th Mar 2019 5:16 pm
World has run out of firepower to fight next recession, IMF warns
During the crisis in 2008 the world’s largest central banks developed money-printing programmes known as quantitative easing. These efforts effectively pumped trillions’ worth of cash into economies to try and offset the impact of a credit crunch and the collapse of major banks.
However, these efforts were so vast, and the recovery of economies so weak in the decade since the crisis, that central banks’ balance sheets have swollen to a level that leaves little room left for manoeuvre. Following various bailouts and slow recoveries many governments still have large debt piles, reducing the fiscal firepower available to counteract recessions.
https://www.telegraph.co.uk/business/2019/03/25/world-has-run-firepower-fight-next-recession-imf-warns/
Chrome Mags on Wed, 27th Mar 2019 7:10 pm
“World has run out of firepower to fight next recession, IMF warns”
My sense of it is this; 08 marked the first major step down after many years of slower growth. CB intervention kept BAU standing like a dazed boxer, but the next step down, the 2nd major step down will be bigger because it will encompass many more trillions in loan defaults from a broader range of loan types, not just mostly mortgages.
The time between the 2nd and the 3rd step downs will be much shorter than the time between the 1st and 2nd. But the 3rd will be the final step down, collapse.
What actually happens could of course be different.
Cloggie on Wed, 27th Mar 2019 9:35 pm
““World has run out of firepower to fight next recession, IMF warns””
Major recessions are good for the environment and right-wing policies (“own people first”).
Meanwhile in Britain… the Mother of all Parliaments turns into the Mother of all f*-ups, where is Hitler when you need him:
https://www.dailymail.co.uk/news/article-6855167/Labour-not-Remain-party-Senior-Corbyn-ally-sparks-party-chaos.html
“Commons has NOE clue: MPs reject EVERY Brexit alternative as they vote down all eight different proposals as plan to leave the EU descends to a new level of chaos”
Tomorrow I’m going to browse in my Dutch copy of “Mein Jihad” what the world’s most famous Austrian political thinker had to say again about parliaments.lol
One might also become skeptical about women amateurs “leading” nations.
https://images.app.goo.gl/BdcZwDSNT63nmwT58
https://images.app.goo.gl/i4Hhb5izGNY5bbei9
Cloggie on Thu, 28th Mar 2019 2:31 am
The Brexit drama, could it get worse?
Yes:
https://i.dailymail.co.uk/1s/2019/03/27/23/11544968-6855167-image-a-14_1553729593545.jpg
8 “indicative” votes, a sort of freestyle demockressy, born out of pure despair.
Result: more despair.
The greatest surprise to me is that this so-called majority Remain parliament voted down Remain with a resolute 293-184.
There is only one option left: voting over the May-deal for a third time. Brexit hardliners have shown willingness (before the indicative votes) that they would be willing to back the May-deal after all.
The question is: do they still do that after tonight, now that the default no-deal is within reach?
Probably not. The road is now cleared for the UK crashing out of the EU after all.
The question is if a third vote will be even allowed, because the speaker of the house has declared that it is not possible to vote on the same topic again and again.
The dead-lock is total. Britain to become the US 51st state after all?
Meanwhile in the US. Trump maybe president but US deep state organ Facebook has decided to ban white nationalism. The deep state has decided to sit out Trump and to hit back with vengeance once they got rid of him and strangle white America into nothingness. That’s what you get if you swallow the kosher poison-pill “anti-racism”. You lost your country, whitey, now for real:
https://www.bbc.com/news/world-us-canada-47728471
“Facebook to ban white nationalism and separatism”
Zuckerberg: America belongs to us the Jews and not to the whites.
Cloggie on Thu, 28th Mar 2019 3:15 am
Gate-crashers hijack a tanker in the Mediterranean, Maltese soldiers take-over.
http://www.spiegel.de/politik/ausland/fluechtlinge-im-mittelmeer-vor-libyen-maltas-marine-uebernimmt-kontrolle-auf-tanker-elhiblu-i-a-1260042.html
There is only one serious remedy against the African plague: open fire on these military age enemy combatants without mercy. Kill a few hundred and entire Africa gets the message: populist Europe is a no-go-area for non-Europeans.
Try Anglosphere.
Davy on Thu, 28th Mar 2019 5:15 am
I don’t know what to think anymore. A few years after 08 and the pseudo recovery I was a little stunned. Look where we are over 10 years later and still ticking. I become stunned in 15 with how the traditional peak oil message was dead and immediate financial doom a boy crying wolf. I call current growth pseudo because this recovery is really just wealth transfer disenfranchisement. Personally I think real aggregate growth that has value is negative. Sure China built vast amounts and markets are way up in the west. To me much of what we have today is malinvestment that can never make the return these investments are supposed to. We have monstrous unfunded liabilities everywhere with the wrong type of demographics. The poor of the world that are young can never make this up. The ever growing young are part of the problem. At some point overpopulation is a negative and we are there. Taken together all this is a huge systematic farce.
I had done some radical adaptation for this 08 event I saw coming. I began preparing for it in 05. I was fully onboard as a peaker and once the CB interventions occurred I somewhat radicalized. I became stunned as shale change the peaker debate and as the CB intervention grew feet. This CB interventionism has impressed me from the point of view of just how well it has managed to keep the global economy going. This is everywhere also with the US, China, and Europe in on it. The EM’s are riding this wave too. It has changed the world radically but more like a frog boiling than a phoenix.
The only thing I can compare it to is a Ponzi scheme retirement party. I mean where the hell do we go from here? The debt levels everywhere except maybe Russia are in the stratosphere. Russia ain’t shit without the rest of world being healthy. It is almost like MMT will be inevitable although the socialistic paradise is a farce. The neo socialist pretend all it takes is money for prosperity. They think the rich have real money. This is not the case because most of the money the rich have is digital. Most debt is bad debt. The rich have the debt and it value is not real. Nations have debt that is not real. The individual with debt as their life is becoming more and more difficult. Much of the collateral backing most of the global debt is compromised or nonexistent. This is one big farce.
I see things continuing to slowly decline until we either stop cooperating in cold or hot wars or a black swan disrupts confidence enough that a Minsky moment occurs where the individual stops the economic activity by ending his participation in the game. Liquidity is the name of the game and real liquidity is peoples trust. Hyperinflation could be the result too. At some point people will stop believing in fiat currency. There is not enough gold to matter. Crypto currencies cannot cover the whole currency spectrum. A cashless society is not possible everywhere.
I have no clue what is coming other than like with energy we are in decline and consequences of that decline will not be pleasant especially considering the current pissed off human behavior of people everywhere always expecting more and getting less. I have been watching the financial side of doom now daily for years. I am too the point of scratching my head dumbfounded and in amazement. How long can this shit go on? How long can bubbles inflate and be controlled? How long can the deception be propagated? This is lies built on lies. It is even more horrifying because the fate of billions rests on a string of lies.
joe on Thu, 28th Mar 2019 5:22 am
Close dude, but its not the young, its the old. Growth is slowing because the overpopulation is being driven by people living longer, wealth is not passing to the young and liabilities are. The solution that the elites are going for is productivity gains eg a.i. and printing money. For those there are to consequences, the first is devaluation of education, second is eternal low interest rates.
Davy on Thu, 28th Mar 2019 5:58 am
Somethan for nuttin man what can’t we like about that?
“Doug Casey: Why Modern Monetary Theory Will Destroy Money…”
https://tinyurl.com/yxj2bdv5
Authored by Doug Casey via InternationalMan.com
“MMT centers around the notion that the economy in general, and money in particular, should be the creatures of the State. It’s not a new idea – the meme has been around in one form or another since at least the days of Marx. MMT basically posits that the wise and incorruptible solons in government should create as much currency as they think is needed, spend it in areas they like, and solve any problems that occur with more laws and regulations. It’s nothing new. Just a more radical version of the economic fascism that’s dominated the U.S. since at least the days of the New Deal. It’s just another name for an old, and very stupid, set of economic ideas. By stupid I mean, “showing an inability to predict the indirect and delayed consequences of actions.” Won’t Work Politicians are now talking about the supposed benefits of MMT. Pseudo-economists are doing their abstruse and incomprehensible mathematical computations about how it might affect the economy. The public will easily be convinced they’ll get something for nothing.”
“But that’s not what the argument should be about. The average guy doesn’t understand economics; he doesn’t think, he feels. Furthermore, nobody talks about whether cockamamie ideas like MMT are morally right or wrong. Instead, they have pointless and ridiculous arguments about whether it works or not. Well, it doesn’t work. But that’s a distraction. This matter is essentially a moral question, not a technical question. Does somebody in government have a right to determine your economic destiny? Or not? The fact that Alexandria Ocasio-Cortez [AOC] – an ambitious, terminally ignorant, morally crippled 29-year-old Puerto Rican bartender – is setting the tone for this whole discussion tells you how degraded the U.S. has become. It’s well on its way to turning into a giant welfare and police state. But, as you know, I always look on the bright side. Which is that – if you give yourself a little psychological distance – this is all a comedy. AOC, The Donald, Bolton, Bernie Sanders, Pocahontas, Hillary, Kamala, etc., etc. They’re all dangerous megalomaniacs. But the chimpanzees listen to them, choose teams, hang on to their every word, support them, and are easily incited to hoot and pant at each other. The American public is going to get exactly what it deserves. I have no sympathy for them. Or about as much as I would have had for the Romans in the fifth century, when the empire was collapsing.”
Davy on Thu, 28th Mar 2019 6:22 am
“Connecting The Unconnected: Reflections On Using Subsidies For Rural Electrification”
https://tinyurl.com/y6ccu2jx clean technical
“The lack of access to affordable, reliable energy is a barrier to development, whether that be powering autoclaves and centrifuges in rural clinics to improve health indicators or powering local agricultural processing to retain more of the value of production locally. The African Development Bank estimates that 645 million Africans, nearly 60% of the continent’s population, don’t have access to electricity. The rapid urbanization of Africa also means that the urban/rural divide becomes ever larger, with rural areas often being forgotten in efforts to modernize. The so-called “Bright Light Syndrome,” where the young migrate to cities in search of opportunity, only serves to exacerbate this problem.”
Davy on Thu, 28th Mar 2019 6:27 am
“Worsening Algae Blooms Could Significantly Increase Global Methane Emissions”
https://tinyurl.com/y2paoon5 faster than expected
“The study, published in the journal Nature Communications, examined the impacts of global population growth (an estimated 50 percent by 2100), climate change-induced flooding and runoff, and rising global temperatures on nutrient levels in the world’s lakes. It found that the extra sewage, fertilizers, and other nutrients entering waterways will increase the eutrophication of the world’s lakes by as much as 200 percent by 2050, then double or quadruple by 2100. Eutrophication — or excess nutrient levels — causes dense algae blooms to form, which can ruin drinking water supplies and create hypoxic “dead zones” that suffocate marine life. These algae blooms are also a major source of global methane emissions — a greenhouse gas 34 times more potent than carbon dioxide in the short term.”
Davy on Thu, 28th Mar 2019 8:42 am
Sorry for the off topic copy and pastes and the off topic word salad essay everyone.
JuanP on Thu, 28th Mar 2019 11:12 am
JuanPee is so so depressed that Davy kicked his widdle ass that his every waking moment is a Davy obsession. Hey juanPee. Fuck you and the whore who bore you and the stupid wife who married your slimy ass.
This is juanpee post:
Davy on Thu, 28th Mar 2019 8:42 am
Davy on Thu, 28th Mar 2019 11:26 am
Oops, sorry for losing my shit again everyone.
JuanP on Thu, 28th Mar 2019 12:06 pm
JuanPee did you get some dick from boner joe on your sailing adventure? Prick
JuanP on Thu, 28th Mar 2019 12:13 pm
Oops, sorry for the sock puppetry AND for losing my shit again everyone.
Davy on Thu, 28th Mar 2019 12:53 pm
Up the butt, then forcefully through my penis.
I heart ebony twinks.
See what happens when I’m away for an hour.
I must FOCUS-FOCUS-FOCUS!!!!!