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Kunstler: Fairy Tale
Am I imagining that Oprah Winfrey launched her presidential campaign last night at the Golden Globes Awards? Well, why not? Unlike the Golden Golem of Greatness, skulking fiery and furious in his lonesome White House tweet chamber, Americans of all identity persuasions love Oprah. Unlike the president, who attained “stable [for now] genius” status without ever reading a book, Oprah displays real curiosity about this vexing and wondrous world, and an eagerness to engage with it. Unlike the maestro of the janky Trump brand, with his penchant for serial bankruptcy and stiffing the help, Oprah appears capable of running a business empire.
Let’s face it: the Democratic Party has no other figure of gravitas on the bench. Everybody trusts Oprah, probably even more than the erstwhile Barack Obama, with his dogged allegiance to Wall Street and his fifty percent taint of innate white male cis-hetero patriarchical depravity. Oprah might be the Democratic Party’s last best hope before it collapses into the mausoleum of US political history, where the Whigs, Free Soilers, and Anti-Federalists lie a’moldering.
Politics in this land has failed in its effort to become show business, while show business is succeeding wildly in its attempt to replace politics. All Washington can produce these days is a succession of tedious irresolvable soap operas. Hollywood is enacting a grand moral drama of clear-cut heroines and villains, victims and oppressors, sticking to archetypal story-line of our lifetime: the campaign for freedom, equality, and decency. Show business loves the desert sunshine; politics is mired in the Potomac swamp. Oprah even has better hair than the current occupant of 1600 Pennsylvania Avenue.
Oprah herself is an object lesson in the social and political themes that America dares not talk about: a person of humble origins who succeeded wildly in American life by signing onto a once-sturdy and now-fading common culture. In fact, Oprah probably embodies all that remains of American common culture, and the multitudes adore her for it. They are reassured to know that the binding verities still exist. She moves in a realm where blackness and whiteness are emphatically irrelevant — which is surely a relief to people of good will who are sick of race-hustling from all quarters. Though she has credibly acted plenty of sharecropper roles in the movies, Oprah speaks English beautifully and doesn’t apologize for moving up from the ghetto patois of her rough childhood. She may not write all her own material — such as Sunday’s Golden Globes speech that may live on like MLK’s I Have a Dream oration — but she delivers her message with conviction. And who knows, maybe she did compose all or part of it.
One upshot of this is that Oprah might be capable of squaring the circle of America’s black-white racial quandary, which Mr. Obama could not accomplish: namely, restoring the idea that we have more in common as countrymen (countrypersons?) than the artificial barriers of the cultural Marxists falsely insinuate; that skin color, ethnic origin, religious order, and gender do not define adequately what we can be in the world, and maybe we would be better off putting those things aside and just work earnestly to bring out the best in ourselves without excuses..
This country is dying to put its house order. I daresay this is true of the great majority including the immiserated flyover folks who got snookered by Mr. Trump, and the big city hipsters who are coming into their years of power in the awful dimming of American prospects, and maybe even some of the suits in the corporate C-suits who still possess tattered memories of high school civics. I’m not promoting Oprah for president, but just you watch: somebody will. It is going to happen. The country faces enormous problems and predicaments, and the one-man soap opera at the center of it all is doing nothing but sucking all of the oxygen out of the room, leaving everybody else to choke and strangle.
228 Comments on "Kunstler: Fairy Tale"
Davy on Wed, 10th Jan 2018 5:24 am
“Davy, oil does not play a significant part. How could it with only 1/20th the oil use of the US per capita?”
Mad kat, do the math, the P’s has the GDP of my state of Missouri. We are talking what is needed to feed the people not drive a nation that represents ¼ of the global GDP. Lots of FF is needed directly and indirectly to maintain the P’s food system. Large urban areas run on fossil fuel everywhere in the world including the Ps’.
“Most farming is small family not corporate. You have never been in Asia and have zero knowledge of how things are done here. Zero.”
There is more to the farming mad kat. The inputs, transport, processing is needed the same as anywhere in the world. Who is intellectually delusional?
“This is NOT the US. Totally different mindset and culture. Self-sufficent.”
Sure mad kat there is self-sufficiency but nowhere near enough to feed the huge overpopulation of the urban areas in the P’s. These huge areas are only made possible by FF. When and if these areas depopulate they will destroy any self-sufficiency poor Filipinos have. If your overpopulated Island had 10MIL like in 1900 then I would agree with you. Besides forest and fisheries are in general decline and localized failure. Soil erosion is very bad. Salt water intrusion is increasing alarmingly in many urban areas. All this will conspire along with overpopulation to make a FF decline very stressful for the P’s no different than many other places. You don’t have a refuge mad kat.
Davy on Wed, 10th Jan 2018 5:33 am
“Keep acting immature and childish, Davy, everyone here knows that you are nothing but an arrogant, immature, pretend intellectual like MM. At least he has a rational rebuttal to my comments occasionally. You never do.”
The above is in response to you and your hypocritical enabler grehg demonstration of childishness. Ignore mm and practice what you preach. You attack childishness with childishness but say you don’t. This is what I am doing but I am honest you are not. It is working with you too. I stop your agenda in its tracks daily and you are powerless with it. I show how intellectually lame you are daily. I show how hypocritically childish you are. Moderate and show respect and this forum will be a better place.
“Tweedledee sand Tweedledum living in their own Alice in Wonderland world. Now you have the Mad Hatter as president and he is going to finish the destruction of the US. It’s fun to watch from 8,000 miles away.”
Aren’t you so cute mad kat. Yea, you are going to be watching the hordes of desperate Filipinos swarming around your fantasy farm when shit hits the fan. I have 10 times less population density exposures than you do mad kat. Good luck with that.
Davy on Wed, 10th Jan 2018 5:42 am
“Davy, my healthcare here is better then any I would have in the US police state and it is about 1/4 to 1/10 the cost.”
mad kat, at your late age you may need extensive health care and you will not have it. Routine medical services are likely fine where you are at but if you ever have to go to a hospital for something major you are screwed.
“As for the fictitious lifestyle you keep spouting about, it is only in your mind. A friend/business partnership is not a homosexual one.”
Maybe, mad kat, but who knows. I don’t have a problem with homosexuality but at least be honest. You made your dramatic departure from the US complete with a divorce. Now you live with a male partner. That likely means you are in a relationship. Just be honest mad kat. Honesty is the best policy with ourselves.
“BTW: Your family will likely not be there to take care of you, IF you live to be old. They will be dead or in some concentration camp there in the American Police State. Likewise, you may never see 73 years. You live in a growing hell, I don’t.”
LOL, more stupidity from a crazy old man. You know the deal mad kat, start showing moderation and respect. Start being on topic and stop peddling your anti-American agenda. We can make this board a better place but you must change your bad behavior, otherwise I will fight you until the end. I will stop every one of your lies as they develop. I promise you this and I have kept my promise for going on 5 years now. I have already succeeded in moderating the horrible anti-Americanism that once was here. You message is dying. It is just a matter of time.
Makati1 on Wed, 10th Jan 2018 5:53 am
Davy…
http://www.makatimed.net.ph/
or
https://www.stlukes.com.ph/
You should have such excellent facilities and staff. Hospital room is less than $50/day. Specialist doctors $12 per visit. Meds that are a small fraction of the rip offs in the US. Try again. You know NOTHING about the Ps or Asia in general. Nothing.
Makati1 on Wed, 10th Jan 2018 5:54 am
“We can make this board a better place but you must change your bad behavior”
Yes, Davy, YOU must change your bad behavior!
LMAO
Makati1 on Wed, 10th Jan 2018 5:59 am
BTW Davy, I can hire a live-in nurse 24/7 for a year for less than the cost of a week in a US hospital. You will find, IF you survive that long and they do, that your ‘family’ will dump you in an old folks home with the other abandoned parents. THAT is the US culture. Wait and see.
Davy on Wed, 10th Jan 2018 6:48 am
“You should have such excellent facilities and staff. Hospital room is less than $50/day. Specialist doctors $12 per visit. Meds that are a small fraction of the rip offs in the US.”
Sure mad kat, what about when you get cancer or have a heart attack. Like I said I am sure your routine care is fine.
Good luck old man!
Davy on Wed, 10th Jan 2018 6:51 am
“Yes, Davy, YOU must change your bad behavior”
We can change together mad kat. This has been my offer from day one. You choose to pollute this forum with your agenda. I will neuter you daily until you start being on topic with balance and respect. You can stop your childish behavior and I will mine. I am honest you are not. Until that day I will fight fire with fire.
Davy on Wed, 10th Jan 2018 6:56 am
“BTW Davy, I can hire a live-in nurse 24/7 for a year for less than the cost of a week in a US hospital.”
mad kat remember you just have a small social security stipend. This could be cut in the future or even end. IMA, a nurse that might rob you blind. You have no family to watch over you.
“family’ will dump you in an old folks home with the other abandoned parents.”
I doubt I will go to an old folks home mad kat. With the way the world is going I doubt I will be that lucky. In any case being 75 you are ever closer to that age. You must be worried and this is why you constantly talk about how long you are going to live. You are all alone and will face death alone. How sad
MASTERMIND on Wed, 10th Jan 2018 9:52 am
U.S. crude oil inventories are being drained at a rate of about 20 million barrels a month, even with shale adding new production of about 167,000 barrels a day over the last month. Inventories are now in the low 400 million barrel range. At this rate we will be witnessing a severe shortage of crude oil in about 6 months time….
Citigroup CEO Ed Morse warns of oil shortages coming as soon as 2018
https://www.bloomberg.com/news/articles/2017-09-25/citi-says-get-ready-for-an-oil-squeeze-than-an-opec-supply-surge
Is an Economic Oil Crash Around the Corner?
https://www.alternet.org/environment/economic-oil-crash-around-corner
Boat on Wed, 10th Jan 2018 10:23 am
MM,
Show me the link showing US production up 167,000 over the last month.
GregT on Wed, 10th Jan 2018 10:44 am
“Try not to make too huge of a mess when you splatter those limited braincells of yours all over the place.”
“Childish, mean and nasty talk from the board member who claims to be respectable and above childishness.”
MM is the one who told everyone that he plans on butting a bullet in his head when things get tough.
GregT on Wed, 10th Jan 2018 10:58 am
“right grehg we realize you want that but mostly for Americans.”
More delusional accusations.
The longer this drags out, the worse the consequences will be for not only the human race, but for all life as we know it on this planet.
GregT on Wed, 10th Jan 2018 11:01 am
“At this rate we will be witnessing a severe shortage of crude oil in about 6 months time….”
Then maybe it would be a better idea to make friends with Russia. They still have a huge surplus of oil.
MASTERMIND on Wed, 10th Jan 2018 11:15 am
Greg
You cant survive post collapse..You are just an ignorant buffoon who thinks he can. Just like Madkat no difference. Like I said a million times you can run but you cant hide…
davy on Wed, 10th Jan 2018 11:34 am
“MM is the one who told everyone that he plans on butting a bullet in his head when things get tough.”
So the one who is constantly ranting about childish behavior does just that childish behavior. I could give a shit what you said or he said. What I see is a childish person calling others childish.
GregT on Wed, 10th Jan 2018 11:56 am
“Like I said a million times you can run but you cant hide…”
You’ve probably said that less than 10 times MM, and just because you say something, does not make it true. That would be delusional.
MASTERMIND on Wed, 10th Jan 2018 11:59 am
Greg and Madkat
Post-collapse Preparation Is the Answer
Myth: Well-prepared individuals, groups, and communities will survive our impending collapse and maintain healthy, fulfilling, and productive lives in its aftermath.
Reality: Those who survive our collapse will be those who can obtain sufficient life sustaining essentials—especially clean water and food—on a continuous basis, both during and after collapse. Those who store large quantities of these essentials and those who attempt to produce food, either individually or in communities, will be easy targets for the vast majority who have neither the foresight to store nor the skills to produce. No matter how remote or secluded your sanctuary, somebody will know about it; and they will come to call when they become desperate; and they will be well armed and devoid of compassion. You can prepare for a last stand, but you cannot prepare for post-collapse survival. Post-collapse Life Will Be Preferable to Our Industrial Lifestyle Paradigm
Myth: Industrialization has brought nothing but misery and degradation to the human race; our quality of life (and spiritual wellbeing) will improve substantially in a post-collapse world.
Reality: The post-collapse lifestyle awaiting the few who survive will, under the best of circumstances, share many attributes with pre-Columbian America. Unfortunately, the realities associated with subsistence level existence bear little semblance to the Hollywood accounts. Those who anxiously await our post-collapse world will be disappointed, assuming they live to experience it. The fact that nobody is opting to jettison the amenities afforded by an industrialized way of life in favor of a hunter-gatherer lifestyle today should be sufficient proof that our future way of life is not something to be anticipated. Industrialism is not inherently “evil” or immoral; it is simply physically impossible going forward.
GregT on Wed, 10th Jan 2018 12:02 pm
“What I see is a childish person calling others childish.”
Then your delusions are now manifesting themselves as hallucinations.
Do you hear voices as well?
GregT on Wed, 10th Jan 2018 12:14 pm
“Myth: Well-prepared individuals, groups, and communities will survive our impending collapse and maintain healthy, fulfilling, and productive lives in its aftermath.”
Fact: Mankind survived just fine for at least 200,000 years pre-modern industrial society.
“Reality: Those who survive our collapse will be those who can obtain sufficient life sustaining essentials—especially clean water and food—on a continuous basis, both during and after collapse. Those who store large quantities of these essentials and those who attempt to produce food, either individually or in communities, will be easy targets for the vast majority who have neither the foresight to store nor the skills to produce.”
Fact: Those who wish to join in foraging for food, are more than welcome to do so.
“Myth: Industrialization has brought nothing but misery and degradation to the human race; our quality of life (and spiritual wellbeing) will improve substantially in a post-collapse world.”
Fact: Modern industrialism was never sustainable and has nearly run it’s course. In it’s wake will be a mass die off of the human race.
“Industrialism is not inherently “evil” or immoral; it is simply physically impossible going forward.”
Correct.
Boat on Wed, 10th Jan 2018 12:41 pm
greggiet,
Humans were really stinky before modern plumbing. Most died very young. Even in 1950 the P’s average life expectancy was 58 and of course remain very short. Surviving just fine is subjective to life style.
Boat on Wed, 10th Jan 2018 12:46 pm
The only problem with the development of the modern man was it’s inability to slow sex to compensate for living longer and preventing death for a myriad of reasons.
day on Wed, 10th Jan 2018 1:00 pm
“What I see is a childish person calling others childish.”
“Then your delusions are now manifesting themselves as hallucinations. Do you hear voices as well?”
translation: oops davy pegged me.
MASTERMIND on Wed, 10th Jan 2018 1:07 pm
Oil Inventories are now getting low and at this rate we will be witnessing a severe shortage of crude oil in about 6 months time.
https://www.eia.gov/petroleum/weekly/
GregT on Wed, 10th Jan 2018 2:03 pm
“Humans were really stinky before modern plumbing.”
You mean before they decided that lathering in chemicals was a great idea?
“Most died very young.”
Some died very young. My great grandfather, for example, had 6 siblings. 5 survived into adulthood, and 3 lived well into their 90s.
“average life expectancy was 58 and of course remain very short.”
Infant mortality has an effect on average life expectancy rates. The advent of ‘The Germ Theory of Disease’ had more of an effect on average life expectancy rates then anything else. Antibiotics played a major role, but they too are soon going to come to an end. Modern industrialism, or not.
Shortness has many obvious advantages.
“Surviving just fine is subjective to life style.”
Surviving is surviving, extinction is not.
GregT on Wed, 10th Jan 2018 2:06 pm
“The only problem with the development of the modern man was it’s inability to slow sex to compensate for living longer and preventing death for a myriad of reasons.”
The main problem was the advent of “The Germ Theory of Disease”, and more specifically due to antibiotics. Antibiotics are rapidly losing their effectiveness, as different strains of bacteria mutate to counter their effects.
GregT on Wed, 10th Jan 2018 2:14 pm
“You choose to pollute this forum with your agenda.”
“I will neuter you daily until you start being on topic”
Sounds like a pretty clear agenda to me.
davy on Wed, 10th Jan 2018 2:47 pm
“Sounds like a pretty clear agenda to me.”
Yeap, a balanced one that seeks compromise unlike mad kat’s that seeks to polarize or yours that seeks both to polarize and enable those who polarize.
MASTERMIND on Wed, 10th Jan 2018 5:28 pm
Davy
Greg is one of those flower child’s! He thinks the evil humans are destroying the planet. He is just like the religious nutters who think humans are all evil and sinners. He just worships the earth and trees…
MASTERMIND on Wed, 10th Jan 2018 5:29 pm
Davy
Greg thinks after the collapse his community will all come together and sing koombaya around the campfire and live happliey ever after!
Makati1 on Wed, 10th Jan 2018 6:28 pm
Well, I see that Tweedledee and Tweedledum are polluting the forum even when I am not here to be attacked with their immature rants. They just cannot resist an opportunity to show off their ignorance and immaturity. They do it well. A lot of practice, I guess.
Both are perfect examples of why the US is failing and why the pain there is going to be “Yuge!” in the word of their Mad Hatter prez. Both Davy and MM are in for areal shock, no matter what they pretend they are here. Neither are any way prepared for 3rd world America. They will see how fast ‘family’ disintegrate when the SHTF in the “me” culture.
Neither seem to understand that words do not hurt. “Sticks and Stones…” That they are zeros in the 7+ billion on this ball of rock we call Earth.
How do the Texans say it Boat?
“Big hat. No cattle!” LMAO
MASTERMIND on Wed, 10th Jan 2018 7:24 pm
Madkat
Its all hat and no cattle…You never explain why I am so deluded and can’t accept reality. I accept what the peer reviewed science says and that is a global economic collapse…Now this isn’t what i wish to be true. But it is true and it does you a great disservice to deny it.
Makati1 on Wed, 10th Jan 2018 8:15 pm
Mm, it is impossible to educate you if you insist in only reading ancient ‘peer reviewed’ ivory tower bullshit that is bought and paid for by the corporations sponsoring the think tank or college. It is All about $$$ not truth/facts.
You have to read and consider many sources on all sides of the topic, look around you at the real world, then make your own decision. Today’s events are important. Last year’s, not so much other then as perspective.
Deny what? Climate change? I never denied it, it is just not important to me. The conditions that will be the extinction event will be decades from now. You may never even live to see the actual end. Humans will adapt in the meantime, or die.
I am only concerned with the rogue US and the un-necessary destruction and death it is promoting all over the world. I am especially interested in the recent invasion of ISIS in the Ps that was promoted/paid for by the US. Thankfully, they were all killed by the Ps military, but it was disruptive to the people and over 100 died. The sooner the US dog is putdown for good, the better for the Ps and most of the non-Western world.
MASTERMIND on Wed, 10th Jan 2018 8:57 pm
Madkat
Ancient all the studies are less than ten years old. And there is no evidence they were bought and paid for by corporations. And why the hell would corporations want to say we are headed towards collapse? That makes no sense and that would be the opposite message you would want your investors to learn. You are just a paranoid conspiracy loon!
MASTERMIND on Wed, 10th Jan 2018 9:00 pm
Existing oil reserves are scheduled to begin a catastrophic crash within 1 to 3 years. When it hits the economic and social damage will be catastrophic. The end of Western Civilization, from China to Europe, to the US, will not occur when oil runs out. The economic and social chaos will occur when supplies are merely reduced sufficiently….
http://www.sciencedirect.com/science/article/pii/S030142151300342X
http://www.sciencedirect.com/science/article/pii/S0016236114010254
http://www.geo.cornell.edu/eas/energy/the_challenges/peak_oil.html
https://imgur.com/a/6dEDt
GregT on Wed, 10th Jan 2018 9:14 pm
“The economic and social chaos will occur when supplies are merely reduced sufficiently….”
Except for places like Russia, who are still net exporters of oil, and will be for decades to come.
MASTERMIND on Wed, 10th Jan 2018 9:34 pm
Greg
If the world markets collapse they will have nowhere and nobody to sell their oil to. And Russia’s GDP is the size of Italy. They dont even have a middle class. Basically a mafia criminally ran country by Vlad the bad! Once again you are doing what Madkat does and asserting (Without Evidence) that the collapse will not be global in scale. That means everybody out of the pool!
GregT on Wed, 10th Jan 2018 9:58 pm
“If the world markets collapse they will have nowhere and nobody to sell their oil to.”
“The economic and social chaos will occur when supplies are merely reduced sufficiently”
Russia will still have a surplus of oil supplies.
“And Russia’s GDP is the size of Italy. They dont even have a middle class.”
Coming to a neighbourhood near you, in the not so distant future.
The great levelling.
MASTERMIND on Wed, 10th Jan 2018 10:07 pm
Greg
Its coming to you too…And your rambo fantasy will never work. And you know that deep down. Your government will declare martial law and they will find you on satellite and your address records. And you will be shoved into a cattle car!
Makati1 on Wed, 10th Jan 2018 10:08 pm
MM, you are very naive about the real world. ALL studies are paid for and most by corporations or government. Your own college is backed by TPTB, not your tuition and fees. Check on who the alumni are and who the ‘contributors’ are.
And, even two years is forever in the modern world. Only good for perspective, not proof of today’s events.. Ancient history. Another world.
Even a month is not going to tell you about tomorrow. Five days before the 1929 Stock Market Crash the news was that the market was going to go on climbing forever. It didn’t.
It took only a few weeks to go from a peaceful world to WW1. All the signs were there but it was covered up by the news and ignoring the signs. Ditto for WW2. Ditto for all ‘unexpected” events. The signs are there. Only the timing is unsure.
The US is sliding into the 3rd world. Only the timing is unsure as is the possibility that Trumpet may start the nuclear war that is quite possible. Then the game is over, permanently.
Makati1 on Wed, 10th Jan 2018 10:12 pm
Greg, MM wants to believe, like Davy, that all will experience the same results when the SHTF. Neither can accept that there are better, safer places and ways to survive what is coming. They are not willing to make the sacrifices that it requires so everyone else has to be doomed like they are. We know better. At least we are trying to ease the consequences. I would prefer a regular headache to a migraine. I’m sure you would also.
GregT on Wed, 10th Jan 2018 10:19 pm
“Its coming to you too”
Bring it on.
“And your rambo fantasy will never work.”
What’s a rambo?
“Your government will declare martial law and they will find you on satellite and your address records.”
The tax farm that I was born into doesn’t have the military capability to declare martial law.
“And you will be shoved into a cattle car!”
No train tracks within several hundred miles of here.
MASTERMIND on Wed, 10th Jan 2018 10:19 pm
Madkat
The OECD and global economy is currently in a depression. Meaning depressed economic growth. And china is lying about their numbers and already has been downgraded..And the world bank just said yesterday global economic growth is peaking in a few years. Combine that with permanent oil shortages..That will collapse the world economy and world governments. Including yours..
OCED Economic Growth GDP Per Capita 1970-2015 (0.5%)
https://imgur.com/a/HXBkr#Bv4I4AF
Global Economic Growth GDP Per Capita (1.3%)
https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG
World Governments Gross Debt to GDP (330%)
https://imgur.com/a/3usX7
Global economic growth has peaked, says World Bank
https://www.ft.com/content/4b9e6190-f55e-11e7-88f7-5465a6ce1a00
MASTERMIND on Wed, 10th Jan 2018 10:23 pm
As M. King Hubbert (1962) shows, Peak Oil is about discovering less oil, and eventually producing less oil due to lack of discovery.
https://imgur.com/a/6dEDt
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Aramco CEO sees oil shortage coming as investments, oil discoveries drop
https://www.reuters.com/article/us-aramco-oil/aramco-ceo-sees-oil-supply-shortage-as-investments-discoveries-drop-idUSKBN19V0KR
Chevron CEO warns US shale oil alone cannot meet the world’s growing demand for crude
https://www.cnbc.com/2017/05/01/us-shale-cannot-meet-the-worlds-growing-oil-demand-chevron-ceo-warns.html
Projection of World Fossil Fuels by Country (Mohr, 2015)
http://www.sciencedirect.com/science/article/pii/S0016236114010254
German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments
https://www.permaculture.org.au/files/Peak%20Oil_Study%20EN.pdf
UC Davis Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)
http://pubs.acs.org/doi/abs/10.1021/es100730q
GregT on Wed, 10th Jan 2018 10:31 pm
Russia still has a surplus of oil, and the Russians are quite accustomed to adverse economic conditions.
MASTERMIND on Wed, 10th Jan 2018 10:35 pm
Greg
Russia already peaked once. That is what collapsed the soviet union. Since then they opened up to free markets and private companies came in and used enhanced oil recovery technology that has allowed them to produce a second peak. But they are pretty close to peaking again soon. And that will be the final time.
Makati1 on Wed, 10th Jan 2018 10:46 pm
Mm, how do YOU know China is lying? the US MSM propaganda? I do know that the US is lying totally in every area. It has to or it would be a 3rd world country open to the world and the dollar wold be toilet paper. I do not use only one source for my evaluation or one country.
From hundreds of recent sources, I see China setting about to clean up not only their air, but their financial system. The East is growing. It is the West that is contracting. The major debt is in the West and the wannabees like Japan.
Unlike the US that has no plans for even tomorrow, China plans 5, 10, 20 years ahead as does Russia. I suspect that by 2021, China will be number one in trade and finances and the US will be in the greatest, never ending depression ever. We shall see.
MASTERMIND on Wed, 10th Jan 2018 10:50 pm
Madkat
How do i know because the Chinese government admitted it. It wasn’t the state doing it, it was small regions and cities throughout their country..And they pledged to try to put a stop to it recently.
GregT on Wed, 10th Jan 2018 10:55 pm
Russia has not peaked yet, and ~half of the oil they produce is exported. Russia isn’t going to run into oil shortages for domestic consumption any time soon. Likely not for decades.
Makati1 on Wed, 10th Jan 2018 10:59 pm
” In what is a further testament to the strength and durability of emerging markets, the World Bank on Wednesday said that the projected global economic growth of 3.1 per cent in 2018 will largely be driven by these economies.
In its first report of the year, the World Bank said global growth is up from 3 to 3.1 per cent for the first time in nearly a decade, and that in the emerging markets alone the forecast for 2018 is 4.5 per cent.
China and India, both key BRICS members, continue to lead the world in economic growth with a 2018 forecast of 6.4 and 7.3 per cent, respectively.
China’s economic growth is expected to cool to 6.3 per cent in 2019, while India’s is believed to reach 7.5 in that year.
In the Eurozone, GDP growth for 2018 is forecast at 2.1 per cent, slightly lower than America’s 2.2 per cent for the same year.”
http://thebricspost.com/financial-crisis-over-world-bank-says-but-risks-remain/#.Wlbt5HmYOUk
My ref is from the world bank. I read the one you are referring to. AS I said, China is cleaning house in prep for 2021. Even if the Chinese GDP is half what they claim it is well above the claims of the US which is really in negative numbers. The East is where it is at and where it is going to be. Growth, not contraction.