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Page added on May 13, 2019
Kunstler: The Trend is Not Your Friend
The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box blue-light-special orgy of bargain shopping ran about thirty years, with China exuberantly pumping out cheap consumer goods to feed the US beast-of-Mammon. Americans happily payed for it all with IOUs based on long daisy chains of previous IOUs. Tom Friedman of The New York Times said it would last forever. Alas….
The paradigm kicked off for one simple reason: energy flows dictated capital flows. By the mid-1980s, the non-OPEC world was once again swimming in oil from the last great bonanzas of the oil age: The Alaska North Slope and the North Sea. Twenty years later, they were running down. Meanwhile, the USA had fecklessly “offshored” its factories in the mistaken belief that we had entered a shimmering new digital economy of virtual business were nobody had to make real stuff. China became the world’s workshop and the USA became the world’s financial bucket-shop, churning out endless swindles and frauds. The predictable result was the financial crisis of 2008, which coincided with oil prices rising to over $140-a-barrel (and six months later they crashed, with the economy, to under $30-a-barrel).
The “recovery” from that was based on Wall Street’s premier swindle: the shale oil “miracle,” based on high-risk lending to companies that couldn’t make a red cent even while accomplishing the majestic stunt of exceeding America’s old 1970 oil production peak of around 10 million barrels-a-day (now at around 12 million). Notice, too, that the final push to 12-million barrels occurred during the last two years: thus, Mr. Trump’s miracle economy. All that, to paraphrase the immortal words of Mr. Dylan, balances like a mattress on a bottle of wine.
The China-US trade impasse, if it stands for even a few months, will crash the US economy again and it will also crash the price of shale oil back to levels that destroy oil companies. You understand, of course, that the rise of shale oil was amazingly swift, ten years, and that its fall will be similarly fast and furious. The feds may have to either bail it out or nationalize the whole shootin’ match — and that will end up as just another rat-hole we pound sand into, along with our long-running campaign to build failed states overseas. Translation: not so good for the value of the US dollar.
We’re moving into a summer of grave discontent. I don’t believe that China-US trade relationship can be repaired. The disturbances we have set in motion will surely unleash the wicked animus against the USA that has been building among other nations since before 9/11/01. Even the Europeans, our old pals, have soured on us. The war hawks are steering our ship-of-state into reefy waters. The dithering Federal Reserve (America’s central bank) has painted itself into a corner with years of interest rate suppression and market manipulations. Bad weather in the American breadbasket portends rising food prices for us, and less to export (or give away) to the really hungry corners of the world. Less food makes for belligerent nations.
There is already enough tension in the world as it faces not just the end of a global trade fiesta, but a world-wide synchronized economic depression. This is the one from which there will be no “recovery” but only adaptation to lower standards of living and new arrangements for getting by. In other words, the contraction will be permanent. Our fantasies about the super high-tech nirvana of endless leisure with sex robots will dissolve with it. The dark apprehension of all this has already produced a psychotic break in US politics. We now live in a land where Nabisco uses transsexuals to sell Chips Ahoy cookies. Next to us, the old Weimar Republic looks like a Boy Scout camporee.
This economic meltdown will play into the worst insecurities of Mr. Trump, the Golden Golem of Greatness. His domestic political antagonists long ago declared all-out war on him. The perpetually rising stock market was all that tempered his behavior in the face of that obloquy. With the economy fizzling, he will fight back Golem-style, like a demon from the underworld. But for all of Mr. Trump’s Teutonic neuroticism, he holds an advantage in that battle: the documented facts appear to show that he was unfairly persecuted for two years by opponents who outsmarted themselves in actually breaking the law, and they are on the run before a gathering juggernaut of referrals for indictments. The craziness of their desperation is now on view for all to see in the antics of the House committees.
All this raises the question: can this country hold itself together? Mr. Trump would be a most unlikely figure to provide the necessary moral support. He’s no Franklin Roosevelt reassuring the immiserated masses with fireside chats over the radio, and he sure ain’t Fiorello LaGuardia, reading the Sunday funnies to people out of work and out of luck. But never forget that history is a trickster. Even the profoundly flawed sometimes strangely find themselves on the hero’s journey.
71 Comments on "Kunstler: The Trend is Not Your Friend"
Bart to the Future on Mon, 13th May 2019 5:54 pm
No worries – Lisa Simpson will fix Trump’s mess.
Davy on Mon, 13th May 2019 6:49 pm
“Is China’s Belt & Road A Decade Too Late?”
https://tinyurl.com/y67qtc8h Charles hugh smith
“The world appears to be tiring of globalization and hegemons, and that trend may doom the Belt & Road to irrelevancy. The conventional narrative holds that China’s Belt & Road Initiative is cementing China’s global superpower status. There’s an alternative narrative, however: it’s a decade too late. From this perspective, global trade has reached the top of the S-Curve and is in the stagnation phase, which will be followed by decline or collapse. Global trade growth loses momentum as trade tensions persist (WTO). Why could global trade decline as a secular trend? The answer of the moment–trade wars– is more a symptom than the disease itself, which is the benefits of globalization have declined and the negative consequences are becoming unavoidable. Trade is never “free;” there are always losers to any trade, and if the benefits accrue to the few at the expense of the many, the gains no longer offset the losses. Resistance to globalization is rising, and national interests are gaining political ground. Then there are the strategic considerations of trade. Do you really want your nation overly dependent on other nations for energy, food, semiconductors and capital? Food security makes little sense by itself; the spectrum of autarchy / self-sufficiency must also include energy, critical technologies and capital–human, institutional and financial. Going forward, the last thing nations will want is increasing dependence on China–or any other hegemon. China’s debt diplomacy–pressuring “partners” to borrow immense sums from China, backed by collateral like harbors and ports–is already drawing resistance.”
“If trade declines, fuel costs increase, security emerges as an issue and strategic concerns reduce the appeal of globalization and dependency on others, the Belt & Road becomes a bottomless boondoggle. Maybe a decade ago, when trade and globalization were on the upswing, the Belt & Road would have been an instant success. But now, the tidal forces that supported globalization and dependency are reversing. In a decade hence, will China reign supreme as the global hegemon as a result of the Belt & Road, or will the entire Initiative be viewed as a colossal malinvestment that undermined China’s attempt to wield soft power via debt diplomacy and trade-based dependency? The world appears to be tiring of globalization and hegemons, and that trend may doom the Belt & Road to irrelevancy–or worse.”
Nostradamus on Mon, 13th May 2019 6:52 pm
“Our fantasies about the super high-tech nirvana of endless leisure with sex robots will dissolve with it.” Dog Damn!
Robert Inget on Mon, 13th May 2019 6:53 pm
https://thinkprogress.org/judiciary-chairman-lindsey-graham-urges-don-trump-jr-to-ignore-a-legal-subpoena-978515783885/
As we all know, Royals are above the law.’
Lindsey Graham has lost his mind.
Davy on Mon, 13th May 2019 7:07 pm
Oops, sorry everyone. Wrong link again.
https://www.zerohedge.com/news/2019-05-13/chinas-belt-road-decade-too-late
Davy on Mon, 13th May 2019 7:15 pm
Y’all know how strongly I feel about being fair and balanced.
“Nuclear War Vs. Belt And Road Initiative: Why China Will Prevail”
https://tinyurl.com/y4pzu7wl also zero hedge
“In Beijing at the Belt and Road Forum over 40 world leaders discussed the Belt and Road Initiative (BRI), a project that will transform the entire Eurasian continent, improving free trade between dozens of countries by investing in transport infrastructure as well as in energy and technological cooperation. The leader of this silent industrial revolution is China’s Xi Jinping, casting ancient ambitions and perspectives into the new millennium, anxious to once again acquire the leading role in global civilization.”
“The BRI is a gigantic project that will continue to expand in the years to come and at the rate the current technology allows, while of course remaining cognizant of the needs of the countries involved in the Chinese project. The numbers of participants at Beijing’s BRI event are astonishing, with more than 5,000 delegates, 37 heads of state (including that of G7 member Italy), and 10 of the most important members of ASEAN. A hundred and twenty-five countries have signed intentions to cooperate grand project, and 30 organizations have ratified 170 agreements that total a projected investment by the People’s Bank of China of over 1.3 trillion dollars from 2013 to 2027.”
“It is a revolutionary project that will characterize the next few decades if not centuries. It will offer a stark contrast to the American drive for hegemonic domination by demonstrating the capacity of humanity to overcome conflicts and wars through cooperation and shared prosperity.”
“Washington is left demanding loyalty in exchange for nothing (but with Donald Trump, even this little is uncertain). Unable to inflict damage on Russia and China, the US focuses on pressuring her European allies through a trade war of duties, tariffs, technological bans ( Huawei’s 5G) and sanctions (against Iran and European banks) in order to favor US companies.”
“Reflecting the moral of Aesop’s fable “The North Wind and the Sun”, Beijing behaves in the opposite manner, offering in the BRI project win-win cooperation and the benefits that accrue from this. The project tends to improve people’s living standards through the huge loans extended to improve such basic infrastructure as railways, schools, roads, aqueducts, bridges, ports, internet connectivity and hospitals. Beijing aims to create a sustainable system whereby dozens of countries cooperate with each other for the collective benefit of their people.”
“The Eurasian continent has struggled over the last few decades to attain the same level of wealth as the West as a result of wars of aggression and economic terrorism committed by countries in search of a utopian global hegemony.”
“The Chinese initiative aims to offer to all the countries involved equal opportunities for development based not on military and/or economic power but on a real capacity to improve the well-being of all parties involved.”
Davy on Mon, 13th May 2019 7:39 pm
It sucks living in a dying empire. If only more of us had of spoke up against the militarism and corruption, things might have been different.
Cloggie on Mon, 13th May 2019 9:55 pm
“Nuclear War Vs. Belt And Road Initiative: Why China Will Prevail””
– Yes, China will turn out to be the Nemesis of ZOG.
– Yes, Europe and Russia should go along with the New Silk Road partnership offer.
– Yes, PBM should seek a global partnership with China and together rule the world.
– Yes, Australia will become to China, what North-America was to Europe: a place to unload your underclasses upon.
– China knows that Russia is white and Christian or European and that PBM will happen and is OK with that:
https://documents1940.files.wordpress.com/2017/09/iron-silk-road.jpg
(need to have a talk though about that white Siberian area)
But…. all the geopolitical laws still apply, weakness will be taken advantage of. China is going to be the next #1, but it must and will be balanced. PBM is going to happen for one reason only: the rise of China.
The US and USSR, the geopolitical #2 and #3 in 1939, advanced to #1 and #2 position, at the cost of Europe, the #1 from 1492-1945, because both the US and USSR were run by Jews and were enabled by the Nemesis and Trojan Horse of Europe, Britain, that refused the stretched hand of Germany 1871-1941, but that now blundered itself into the Brexit quagmire and is stumbling, opening the Eurasian door for continental Europe, the key to white survival, where the Jewish masters of the Anglos (hi mobster!) have decided that the white Anglo needs to go, conveniently phasing themselves out from history as well, convenient for Eurasia that is.
Likewise however will Europe, Russia and China advance geopolitically at the cost of the US and Anglosphere.
But, Europe should not forget that in North-America, facing the ruin of society, there are a lot of people who long to be European again:
https://youtu.be/0pBdA6l23ZE
(0:00-2:58)
We should help them escape from ZOG and rejoin PBM and as such can balance the coming new #1 China and together remain the first address on this planet.
makati1 on Mon, 13th May 2019 10:44 pm
Cloggie, we disagree on tech but we have similar ideas re Eurasia. The World Island will be the future (barring nukes) and the Americas will be the past.
“World Island: the landmass consisting of Europe, Asia, and Africa who rules the World Island commands the world — H. J. Mackinder” M-W
onlooker on Tue, 14th May 2019 12:20 am
It sucks living in a dying empire. If only more of us had of spoke up against the militarism and corruption, things might have been different.—-
Yep, the false Davy got that right
Cloggie on Tue, 14th May 2019 2:30 am
Reassuring Brexit “news” from Britain, as in: there is no news. The same hopelessness as ever. Thousand of “positions” (more than in the Kamasutra), all contradicting each other, making the democratic system less credible with every passing day.
https://www.dailymail.co.uk/news/article-7025767/Jeremy-Corbyn-rounded-backbenchers-slam-confusion-Brexit-policy.html
“Jeremy Corbyn is rounded on by his own backbenchers as they slam him for confusion over Brexit policy”
https://www.dailymail.co.uk/news/article-7025765/Ministers-urge-halt-Brexit-negotiations-save-Tory-party.html
“Ditch the talks with Labour! Ministers urge May to halt Brexit negotiations to save the Tory party”
Britain is waiting for its strong man. Oh wait, there he is:
https://www.dailymail.co.uk/debate/article-7025437/HENRY-DEEDES-ovation-Widders-Nigel-sauce-Things-gone-loopy.html
“HENRY DEEDES: An ovation for Widders and Nigel off the sauce? Things have gone loopy”
British miners and natural born Labour voters, with more muscle than brains, are applauding a conservative MP, because she defected to the Brexit party, a Brexit that will hurt these miners more than anybody else.
https://www.youtube.com/watch?v=xkZE1GTom6w
(Farage doesn’t admire Putin, he doesn’t believe that much in global warming)
In the end of the day, it will be the EU that will give Farage what he wants: a hard Brexit, just to get rid of the British.
makati1 on Tue, 14th May 2019 3:43 am
“Y’all know how strongly I feel about being fair and balanced.”
Yep Davy, we ALL know how you peach ‘fair and balanced’ then do the exact opposite just like your hypocritical, bloody covered, lying, child killing empire. Keep paying those taxes! I am using my SS to build even more preps.
Now the US is using another false flag to get a war with Iran started. Well, this one will be worse than the Gulf of Tonkin affair that got the US into. The Vietnam mess 55 years ago. That resulted in rice farmers chasing the US out with its tail between its lags. The US is even weaker now.
The thousands of body bags will be coming back to a 3rd world US after the oil crash destroys the last shaky pillar under the rotten edifice called America. Do it Trump! Finish the US destruction! You can do it! GO TRUMP! TRUMP IN 2020! I’ll watch the US defeat from a seat 4,000 miles away.
I AM THE MOB on Tue, 14th May 2019 4:06 am
Clogg
Get a hold of yourself..Look how much time you spam this site..And look how much you rant and how many links you post..You are ranting and arguing with yourself, trying to desperately convince yourself..
I mean its your life bro, do what you want..But you are a flat earther who spends all day online spamming trying to convince others of the ‘truth’.
And you are totally obsessed with identity politics..Everything is ZOG vs whites, natives vs Whites, left vs right, etc, etc.
I understand though, being a white nationalist is the only identity you know..Because they will except anyone and everyone who is white..Even a social and economic loser like you.
Food for thinking..
JuanP on Tue, 14th May 2019 5:01 am
juanpee posted these
Davy on Mon, 13th May 2019 7:07 pm
Davy on Mon, 13th May 2019 7:15 pm
Davy on Mon, 13th May 2019 7:39 pm
onlooker on Tue, 14th May 2019 12:20 am
Yep, the false Davy got that right
Yep, juanpee fooled me
JuanP on Tue, 14th May 2019 5:03 am
Davy on Mon, 13th May 2019 7:07 pm
Davy on Mon, 13th May 2019 7:15 pm
Davy on Mon, 13th May 2019 7:39 pm
“Y’all know how strongly I feel about being fair and balanced.”
Yep Davy, we ALL know how you peach ‘fair and balanced’ then do the exact opposite just like your hypocritical, bloody covered, lying, child killing empire. Keep paying those taxes! I am using my SS to build even more preps.
Yep, I fooled makato too. He is not clever at all
Cloggie on Tue, 14th May 2019 5:03 am
Rearguard fight:
https://www.spiegel.de/plus/daniel-cohn-bendit-plant-gruenes-bollwerk-gegen-rechts-a-00000000-0002-0001-0000-000163834444
The jewish leader of the Paris May 1968 leftist revolution, Daniel Cohn-Bendit, who brought down the last European white nationalist leader, French president Charles de Gaulle, and was no doubt supported by the CIA and its notorious color-coded revolutions, is in despair about the state of European politics. Good! He wants a leftist bullwark against the right.LOL
Time to finish this kosher pedophile off once and for all.
JuanP on Tue, 14th May 2019 5:05 am
I am the great board puppeteer and jester. It amuses me when I am able to deceive people. LMFAO
Davy on Tue, 14th May 2019 5:08 am
“Get a hold of yourself..Look how much time you spam this site..And look how much you rant and how many links you post.”
MOBster you are just as bad, WTF, Hypocrite.
Davy on Tue, 14th May 2019 5:28 am
“Rearguard fight” “is in despair about the state of European politics. Good! He wants a leftist bullwark against the right.LOL”
The real fight the populous are up against and especially the extremist version like cloggo, is women. Until you muzzle women by getting them out of politics and the work force and back into the home you are screwed, cloggo. Women tend to be more liberal and this is true even with conservative women. They tend to push back on extreme male centered activity. Their pussy is a big motivator and the courts are on their side because of male guilt. LOL. The cloggo white racist revolution of the right is a fantasy. Moderate populism is strong and should be because Europe went too far into the left socially, politically, and even with business through soft socialism. Cloggo’s version of populism is a small percentage of the populous forces in Europe which are much more moderate. Women will stop cloggo in his tracks because women are such a strong quiet force. Whine on that cloggo
jj on Tue, 14th May 2019 6:39 am
Jungle law will exist after everything comes crumbling down. Muscle and testosterone will win what remains. Weaknesses like obesity will be purged. Countries with a strong military have the best chances. A Vesuvius moment is coming…
Davy on Tue, 14th May 2019 6:40 am
“Blain: “Is Uber’s A Warning The Emperor’s New Clothes Moment Is Upon Us”
https://tinyurl.com/yxkmr228 blain morning porridge via zero hedge
“On the big board, there were at least 3 predictable sentiment shocks we knew were possible through H1 2019. One has happened, one is happening, and the third is looking nailed on: Deepening Trade Division: happened as China/US negotiations break down. New Tech repricing moment: happening as IPOs stall – Lyft and Uber being prime examples. European Union Election result in extreme populist win: going to happen. These were all anticipated shocks. There is no point in worrying today about things we know we are going to have worry about tomorrow – until we do! But, it’s the “no-see-ems” that shock and truly destabilize markets. No-see-ems are the black swans we just don’t anticipate – they could come from anywhere: In US Terms: maybe its Donald Trump’s baiting of the Fed? Does Iran’s apparently attempt to sabotage gulf oil traffic (which looks surprisingly inept) highlight the possibility of a worrying new Trump “outward bound” initiative? Does Trump’s welcome for Hungary’s divisive Viktor Orban, an unsubtle insult to Merkel et al, herald a new division with Europe? Or Europe: Brexit conflushition? EU Wobbles? Choosing a successor to Draghi at the ECB? Or Asia: China? India? Malaysia? Islam? I could go on, but if you are watching the shadows all the time… then you might miss the downright obvious, which takes me back to Uber. I’m wondering if its more than just a story, and a catalyst for something worse to come. a taxi company is about to crash the market — zerohedge (@zerohedge) May 10, 2019 As I write the Uber IPO is down 20%. I was asked yesterday for my opinion – if I had one, on where it should trade. I don’t have a clue. I don’t know how to value such a company – I’m still stuck in the past where I expect companies to make money and pay me dividends were the ones to own.”
“Is Uber just another example of the unintended consequences of the QE era? We now know free money means too much money chasing financial returns. Which is why folk started piling their money into PE and VC funds – in search of returns. Too much money in VS Funds means they started funding stuff that maybe they should not have been. And it became important to believe there funding the right stuff, and willing the moment to get out and pass the investment to the next bigger fool? Hence my question: Is Uber’s wobble a warning the Emperor’s New Clothes moment is upon us? The WeWork IPO is up next, and I reckon it started out naked and remains so!”
Davy on Tue, 14th May 2019 6:41 am
We are seeing the prelude to a 2019/2020 recession that likely could be deep and troubling. It could knock on to military conflict in Persian Gulf and or the South China Sea. It would be a great time for China to launch a military foray if the US gets bogged down in the Persian Gulf and so forth. What I am seeing is a late stage global capitalism coming under severe strain on all front. I am also seeing a partial vacuum of the decaying of a reluctant US hegemony. For some reason the US neocons and neoliberals have not accepted the fact they cannot project power like they used to. American soft power is all but dead. This death is very dangerous to the world currently. This does not mean the US is dead because it is too big to fail. The world will have to manage the out of control dying superpower. This all could be good if things don’t come apart. My view of this is we must do some degrowth and lower economic activity has to be part of this. Degrowth is the only solution to climate change and ecological degradation IF things don’t come apart. A collapsed world will be far dirtier than what we have today. At least we can clean things up now. A collapsed economy will spill industrial poisons everywhere. These circumstances will definitely lead to lower economic activity. Unfortunately degrowth might stop a renewable effort that is so vital to pushing out a future collapse date of modern globalism. This budding recession might lead to a crisis that focuses attention or it could be an escalator to complete collapse. I am afraid we will see some war first and this war could cascade out of control. A hot war is the last thing we need. A hot war will stop globalism in its tracks.
Anyway, I have been crying wolf on this whole recession thing for years now because I was fooled by the power of central banks to repress and control the global economy. The global economy has been amazing but this effort has reached diminishing returns because of debt levels and the inability of low rates to yield real investment. What we have seen is 10 years of mal-investment in the soft and hard economy. Wealth transfer and the gutting of the public trust has resulted. To be fair we will never know if things might have fallen apart back then (2008). It might be the case that what they did just delayed what is inevitable anyway and the good side of this has been the explosion of renewable efforts IMO. We are now in a new normal of financial control so it is unclear how this coming recession will behave. Will this repressed financial world repress recessions too or will this be the mother of all recession destroying globalism as we know it? Since the world is in overshoot any reduction in economic activity is going to be very dangerous. Buckle up and pass the popcorn this might be the mother of all Showtime’s.
makati1 on Tue, 14th May 2019 6:42 am
Davy yip yipping again! LMAO
BTW: Is the “farm” finally a real swamp?
“Most of the nation should have a break from severe weather for a few days this week. This is due to a temporary change in the jet stream. By this weekend, severe thunderstorms are forecast to return to the Plains.” Not good for the corn crop. Maybe they could plant swamp cabbage? ^_^
https://earth.nullschool.net/#current/wind/isobaric/500hPa/orthographic=-106.18,39.45,1106
https://weather.com/storms/severe/news/2019-05-10-severe-weather-break-then-returns
Doesn’t sound good, Davy. Batten down the hatches! LOL
Davy identity theft on Tue, 14th May 2019 6:58 am
JuanP on Tue, 14th May 2019 5:05 am
Davy on Tue, 14th May 2019 6:59 am
“Europe’s Three Concerns About Iran”
https://tinyurl.com/y52r86ur glatestone institute
“Talking to European think-tankers and policymakers in recent weeks, one gets the impression that, seen from Europe, Iran is a recurring nightmare that everyone wishes would go away. A couple of years ago, many in Europe believed that it had faded into oblivion. Now, however, the nightmare is back with a vengeance, with drums of war beating in the background. The truth is that, apart from wishing it would go away, the European Union has never had a coherent policy for dealing with the nightmare. Eight years of President Barack Obama’s dancing around the Iran issue enabled the Europeans to postpone serious analysis of the situation in the Islamic Republic.”
“In informal talks, European policymakers and advisers express three concerns regarding the “maximum pressure” strategy. The first is that the policy, ostensibly aimed only at persuading the Khomeinist leadership to change its behavior on some foreign policy issues, may, in fact, lead to systemic collapse in Iran and produce regime change with unforeseeable consequences.”
“The second concern is that regime change in Iran may trigger an avalanche of refugees ultimately heading for Europe at a time EU nations are still grappling with problems created by the influx of Syrian refugees. Iran’s population is almost four times that of Syria, which means Europe may face four times as many refugees. However, that concern too may be unwarranted.”
“In the case of Iran, it is unlikely that Russia would want, or be able, to repeat the Syrian scenario to save the mullahs. Also, there is no one to assume the sidekick role that the Islamic Republic played in Syria…One senior European official tells us that the Islamic Republic is behaving aggressively because it feels surrounded by “huge numbers of American troops”. That assumption is based on insufficient attention to facts. The US currently has around 170,000 military personnel, out of total active military personnel of 1,280,000, stationed in 66 countries, the lowest number since World War II. Of these, two-thirds are stationed in Germany, Japan, and South Korea. In areas that Iran might regard as its glacis, US military personnel number under 15,000. In contrast, in the same putative glacis, the Islamic Republic has over 100,000 troops, including Afghan, Lebanese, Iraqi and Pakistani mercenaries in Syria and Iraq, not counting Hezbollah and Houthi units in Lebanon and Yemen.”
Davy on Tue, 14th May 2019 7:05 am
“Davy yip yipping again! LMAO”
Childish makato ranting as usual. You are saying little of substance these days makto, DEMENTIA?
“BTW: Is the “farm” finally a real swamp?”
Makato, the farm has not been this green and lush in years. Hay crop is going to be fantastic. Thank you for your concern. How is your drought?
“Doesn’t sound good, Davy. Batten down the hatches! LOL”
Dumbass does not realize I am high on a plateau and I don’t grow corn. I raise grass fed cattle and goats on a rotational grazing permaculture farm. Makato, why don’t you talk about your fantasy farm anymore? Lost interest? I think you are hanging around the polluted beaches of Infanta drinking yourself to death out of boredom and loneliness.
Davy on Tue, 14th May 2019 7:15 am
“Crisis Begins: Cuba Begins Widespread Rationing Due To Shortages”
https://tinyurl.com/yxgem29a reported Al Jazeera via zero hedge
“Last month, the Trump administration imposed new sanctions on Cuba and Venezuela, attempting to tighten the vice on Havana to end its support for Venezuelan president, Nicolas Maduro. As a result, Cuba launched widespread rationing of staple foods and hygiene products due to shortages triggered by US trade embargos, reported Al Jazeera.”
“Cuba imports approximately two-thirds of its food and small shortages have been common throughout the years. In recent weeks, many products have been missing from store shelves for days, and long lines have sprung up with many waiting for scarce products like chicken and beans. Amid the developing economic crisis on the Caribbean island, Cuban youth have flooded onto social media under the hashtag #lacolachallenge (queue challenge) to shed light on the shortage.”
“Cuban officials admitted that a liquidity crunch has hit the country after commercial debt hit $ 1.5 billion with suppliers late last year, as well as the renewed US sanctions, have complicated things for the centrally planned government. “We depend on imports that come from the United States, and this has meant that we have had to look for alternatives to be able to secure the product in the market,” Díaz told local media. It seems that an economic crisis is unfolding in Cuba and the dangers are beginning to emerge with food shortages across the country.”
Davy on Tue, 14th May 2019 7:34 am
“CNY, Its Doom Sisters, And Chinese Threats”
https://tinyurl.com/yyvwdbvz Alhambra partners
“It’s a tell-tale sign of someone who doesn’t know what they are talking about. In the realm of global currency systems, anyone who brings up China’s massive stockpile of US Treasury assets inevitably they assign all the power to the Chinese. Xi could destroy Trump if he wanted, bringing down the US in a righteous fit of trade war anger. Not only is this totally wrong, it is ignorant of history. Recent history. Toward the end of November 2013, out of nowhere a report appeared in Chinese State media which said officials were reconsidering their foreign reserve allocations. The country then spent the next several years shedding more than $900 billion in official reserve assets, more than half that in the form of reported UST holdings. The carnage, if the conventional story was right, should have massacred the market for US federal debt. Not only are UST yields lower today than when that announcement was first made, it was the Chinese economy indeed the entire Chinese system that had been transformed in between. In late 2013, convention held China in high regard especially when it came to its purportedly invulnerable economy. But as they bled reserve assets, that view has shifted entirely. In 2019, the Chinese are leading the world in economic weakness.”
“Precisely the same as what ends up with China “selling” even more UST’s. Global eurodollar shortage. The Chinese government can make threats, but it’s pretty clear who it is that is really being threatened. It’s the eurodollar’s world, we are all just trying to live in it.”
Dredd on Tue, 14th May 2019 7:36 am
“It” will die with the seaports (Seaports With Sea Level Change – 2).
I AM THE MOB on Tue, 14th May 2019 8:35 am
Clogg
There you are again ranting about identity politics..The Jewish left..blah blah blah..
Somewhere something isn’t fair..Boo hoo
Davy on Tue, 14th May 2019 9:05 am
MOBster, STFU dumbass, you are the other side of the coin.
Cloggie on Tue, 14th May 2019 11:07 am
Gilad Atzmon:
https://russia-insider.com/en/antisemitism-now-mass-movement-britain/ri27021
“Antisemitism Is Now a Mass Movement in Britain”
How to bring this to mobster?
Perhaps Antius will be voting Labour in the next general election.
Cloggie on Tue, 14th May 2019 11:16 am
Ron Unz:
https://russia-insider.com/en/history/hitler-saved-europe-ron-unz-how-western-allies-almost-went-war-against-ussr/ri27017
“Hitler Saved Europe”
Exactly. Every morning I reserve 15 minutes for sinking down onto my praying mat, directed towards the South-East (Nuremberg, not Mecca) and thank Dolfie for operation Barbarossa, the only reason why we in Holland got stuck with the lesser American evil rather with the Soviet horror.
Ok, that’s a joke, I mean the prayer mat.
Cloggie on Tue, 14th May 2019 11:19 am
Paul Craig Roberts:
https://russia-insider.com/en/france-england-and-russia-started-wwi-not-germany/ri27014
“France, England and Russia Started WWI, Not Germany”
Entirely correct.
https://deepresource.wordpress.com/2014/10/08/britain-masterminded-ww1/
Davy on Tue, 14th May 2019 1:08 pm
“Exactly. Every morning I reserve 15 minutes for sinking down onto my praying mat, directed towards the South-East (Nuremberg)”
Great place, I lived near here in 85:
Ebensee, 90482 Nuremberg, Germany
My beer was this:
https://tinyurl.com/y57akdvj
Anyway, cloggo, get over it. Hitler is so passe.
Davy on Tue, 14th May 2019 1:09 pm
“France, England and Russia Started WWI, Not Germany” Entirely correct.”
I agree and the terms of the end of WW1 facilitated WW2.
I AM THE MOB on Tue, 14th May 2019 1:25 pm
Oil prices jump as Saudi energy minister reports drone ‘terrorism’ against pipeline infrastructure
https://www.cnbc.com/2019/05/14/oil-jumps-as-saudi-energy-minister-reports-drone-terrorism-against-pipeline.html?fbclid=IwAR2mndoLWYB2K6MYyHg71ZUct6OFCC5HXYyP7NpbulQhtnmNgeEDlvDR8Ik
Davy on Tue, 14th May 2019 1:29 pm
MOBster, I think we already have that covered here unless you are referencing a new attack:
https://peakoil.com/publicpolicy/saudi-arabia-oil-stations-attacked-by-drones
Cloggie on Tue, 14th May 2019 1:52 pm
Empire dave says:
“I agree and the terms of the end of WW1 facilitated WW2.”
“Anyway, cloggo, get over it. Hitler is so passe.”
This is so hilarious. Empire dave is perfectly willing to apply revisionism to WW1 and agrees wholeheartedly with Roberts assessment, because that puts the blame on Britain and its side-kicks France and Russia.
But all of a sudden, Empire dave is NOT interested is discussing the more recent WW2 and tells me that I should “get over it”.
Now why would that be?
Could it be that empire dave is less willing to discuss WW2, because he realizes full well that that could lead to finger pointing towards HIS club?
Asking the question is answering it. Empire dave implicitly admits that his club is far more implicated that he would care to admit.
https://documents1940.wordpress.com/2017/09/25/chamberlain-and-the-forrestal-diaries/
https://documents1940.wordpress.com/2017/09/26/justice-jackson-has-to-admit/
Oh, and before I get accused of America bashing, my own country was guilty as well. Holland was NOT neutral, but let itself being pressured by Churchill in allowing French and British overpass in order to directly attack the German Ruhr area:
https://gerard1945.wordpress.com/2015/10/16/nederland-was-niet-neutraal/
Intellectual honesty is not exactly empire dave’s cup of tea.
And he can forget it that the world “will get over WW2”, not until the full truth is on the table. Expect decades of evaluation and films, not made by the Steven Spielberg bunch.
Kristen on Tue, 14th May 2019 2:05 pm
The “Kunster” once again displays his homophobia and prejudice. He’s been writing for years now proclaiming the end of modern civilization for years now and can hardly be trusted.
I AM THE MOB on Tue, 14th May 2019 2:06 pm
Clogg
I have challenged you numerous times to get your WW2 theories verified by an actual independent historian..And every time you flat out refuse..
Your WW2 theories are extremely far fetched and don’t hold up to scrutiny..
Prove me wrong then..I challenge you
I AM THE MOB on Tue, 14th May 2019 2:09 pm
Kristen
Welcome aboard, Nice to see a lady around these places..And yes I agree..Kunt has turned into a old crabby piece of soggy white bread..
This is why peckerwoods are on their way out..
Cloggie on Tue, 14th May 2019 2:11 pm
I have challenged you numerous times to get your WW2 theories verified by an actual independent historian..And every time you flat out refuse..
That’s not “challenging”, that’s admitting defeat. It is admitting that you are unable to refute my statements. I don’t need help, I can beat you “with two fingers in the nose.” You need to seek help.
“Mastermind” my foot.
Dumb as a brick.
Cloggie on Tue, 14th May 2019 2:17 pm
“Welcome aboard, Nice to see a lady around these places..And yes I agree..Kunt has turned into a old crabby piece of soggy white bread..”
Your “sister”, per chance, mobby?
I AM THE MOB on Tue, 14th May 2019 4:43 pm
Clogg
I am not a historian..And I have told you I don’t know very much about WW2..That is why I am challenging you to get your theories verified from a real independent historian..
But you always refuse..Because you know you would be laughed at not taken seriously..
Its simple, put up or shut up..
I AM THE MOB on Tue, 14th May 2019 4:48 pm
Clogg
Prove yourself..Prove once and for all that your WW2 theories are right..Ask a real independent historian to verify..And then nobody like myself can ever challenge you again..
https://old.reddit.com/r/AskHistorians/
Come on big guy, show everyone including your but buddy hillbilly boyfriend davy..
I AM THE MOB on Tue, 14th May 2019 4:49 pm
See everyone how quick it is to defeat an ignorant white nationalist..
All you have to do is challenge them and they always back down..History’s losers..
LOL
Cloggie on Tue, 14th May 2019 5:04 pm
“And I have told you I don’t know very much about WW2..“
Mobster admits he is IGNORANT regarding WW2.
“See everyone how quick it is to defeat an ignorant white nationalist..”
As a next move he declares himself the winner of a debate he refuses to engage in, in the first place.
It is so easy to defeat an uneducated smelling armpit commie like mobster. They run at first sight of a real opponent. I repeatedly explained what really happened and as such stick my neck out by making positive statements and nobody can find a loophole to attack me.
Conclusion: total intellectual “air supremacy”, enjoyed by me. Total defeat for mobster.
Cloggie on Tue, 14th May 2019 5:21 pm
Italy wages war against NGOs, most of which are controlled by State or Pentagon:
https://www.infowars.com/italy-declares-war-on-ngos-will-fine-boats-for-rescuing-immigrants/
“ITALY “DECLARES WAR ON NGOS” – WILL FINE BOATS FOR RESCUING IMMIGRANTS”
Hit them, Matteo, hit them hard!
makati1 on Tue, 14th May 2019 5:34 pm
MOB you sound so very much like Chihuahua Davy. Busy proving that you are an ignorant asshole using the same writing style. He avoids a real debate because he knows he has no ammunition to back his deluded ideas about the US and world. He resorts to immature putdowns and/or changes the subject, as you do.
The US is going down and people like you and he deserve what is coming. In spades.
GO TRUMP! TRUMP IN 2020! TRUMP, THE DESTROYER OF AMERICA! VOTE FOR TRUMP!