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What’s Collapsing Can’t Be Saved: Our Fraudulent Economy

Public Policy

Pulling the sleeve down to hide the tracks doesn’t mean the addict is cured.

Just for a change of pace, can we be bluntly honest about the U.S. economy? It’s difficult to do because we’ve chosen to ignore all the realities, much like a family that hides all the addictions, drunkenness and lies in a dysfunctional household to maintain the outward illusion of a happy functioning family.

It’s extraordinarily costly to maintain such a demanding masquerade. The psychological toll is immense, and the financial ruin that’s always threatening to collapse the flimsy facade feeds the most destructive coping strategies.

Please don’t claim that Daddy and Mommy aren’t really addicts, addicted to lies, cheating and stealing to fund their corruption and maintain the absurdly threadbare happy-story facade of normalcy.

Being honest is painful but freeing. Once all the ugliness is exposed to sunlight, then healing becomes possible. As long as reality is cloaked, hidden, explained away, etc., the destruction only deepens until complete collapse of the masquerade is the only possible outcome.

We’ve reached that point: we can no longer deny the U.S. economy is little more than a grab-bag of skims, scams, fraud and corruption. Even if Covid-19 vanished from the Earth tomorrow, or the entire economy opened tomorrow, the collapsing of the fraud bubble cannot be reversed, any more than the addict can be “cured” with some makeup to mask the devastation and clean clothing to hide all the tracks.

Let’s start with the most risible fraud: “value.” Every skim and scam claims to be “creating value” for shareholders, customers, the planet, etc. But it’s all fraud and lies. No value is being created; what’s really happening is entrenched insiders have established corrupt relationships that funnel income streams into their own pockets at the expense of everyone else, who must be kept in the dark about how the skim/scam actually works.

“Value” is now defined as private gains skimmed under the false claim of “value to customers.” Behind the bogus PR, product quality is ruthlessly slashed, quantity reductions are hidden by larger packaging, planned obsolescence is the Prime Directive of every corporation because all these frauds increase profits, which flow to an increasingly thin slice of America’s financial elites.

The entire stock market rally of the past 20 years is nothing but a gigantic fraud based on stock buybacks funded by debt. Stocks go up because the majority owners of the stock borrow money from a banking sector that gives nearly free money to financiers and corporations. The corporate insiders buy back shares with the borrowed money, and the company services the loan.

The company’s income is devoted to paying the debt taken on to boost the personal wealth of insiders. That’s fraud. Or if you prefer, embezzlement.

Take away the stock buyback scam and the U.S. stock market collapses. Take away a Federal Reserve devoted to lavishing nearly free money on financiers and corporations and the buyback scam collapses.

Consider WeWork, all the scooter start-ups, Netflix and Tesla. WeWork was a scam from the start, but there was so much money to be skimmed in selling the fraud to the public that everyone in Wall Street and the corporate media promoted the scam by refusing to look at the actual business.

The same dynamic fueled the absurd explosion of scooter start-ups, as if the business model could ever be profitable. No, the business could never be profitable, but unloading worthless shares in multiple rounds of venture capital was extremely profitable–for insiders.

As for Netflix and Tesla, the more money they lose, the more valuable they become. The key fraud here is “disruption.” If a company can be promoted as a “disruptor,” the sky’s the limit, Baby, because “disruptors”, well, disrupt, and presto-magico, somewhere down the road they become immensely profitable because, um, they disrupted something or other.

The greater the emotional pull of the scam, the easier it is to promote. Garsh, isn’t it wunnerful how a college degree guarantees a lifetime of high earnings and financial security. Except that isn’t guaranteed at all. What’s guaranteed is insiders are skimming fortunes in the higher education cartel and its fraudulent handmaiden, the student loan industry.

Then there’s sickcare, Corporate America’s rip-off skimming operation masquerading as “healthcare.” Caring has nothing to do with it; the driver is greed, maximizing profits by establishing corrupt relationships with politicos and regulators to insure staggering sums of federal monies are sluiced into sickcare’s insatiable maw.

National defense is another emotional cover for boondoggles and insider profiteering. We won World War II, doggonnit, so just ignore the $1,000 hammers and the $100 billion over-runs.

Every institution in America is little more than a cover for insider profiteering via skims, scams, rackets, fraud and embezzling schemes, all sanctified as “legal” via a thoroughly corrupted legal system and judiciary.

Debt-serfdom is packaged and sold as a “middle class lifestyle.” Political neutering, i.e. powerlessness, is sold as “party loyalty.” And so on, in an endless parade of skims and scams packaged and sold to cloak the ugly ascendancy of greed, fraud and lies.

We live in a constantly distorted house of mirrors devoted to maintaining useful illusions of “democracy,” “free markets” and other fairy tales we tell ourselves to reduce the pain of living a vast, all-encompassing fraud in which everyone who isn’t a grifting insider is the loser.

We don’t just have financial bubbles that are popping; we have bubbles in trust and credibility that are popping, too. All the lies, skims, scams, excuses, frauds, bezzles, artifices, profiteering, promotional schemes and rackets are unraveling, not because the virus shut down the economy but because the enormity of all the corruption, lies and fraud is now so great that the entire status quo is collapsing under its own weight.

Pulling the sleeve down to hide the tracks doesn’t mean the addict is cured. The illusion, the facade, the masquerading of normalcy, are no longer sustainable. The Monster Id can no longer be hidden, and simulacra no longer substitute for reality.

Trust, credibility, transparency and accountability have all been sacrificed for personal gain, at the expense of the stability of the entire system.

Once the system collapses, we all lose, even the insiders who have traded every shred of their soul for financial gains, at the expense of everything that was once held dear.

*  *  *

OfTwoMinds blog



53 Comments on "What’s Collapsing Can’t Be Saved: Our Fraudulent Economy"

  1. Duncan Idaho on Wed, 22nd Apr 2020 8:44 pm 

    Bingo!
    We have a winner

  2. roastin muzzies on Wed, 22nd Apr 2020 9:04 pm 

    grate news
    whitey supertard president trump said roast muzzies if they harrass navy
    wait, why the navy burries muzzies at sea according to muzzie custom but it’s not a muzzie

    head spun

    but muzzie is not happy that the navy did this service?

    this is no longer muzzie supertard darkie long legged mack daddy “hussain” omamama

  3. Duncan Idaho on Wed, 22nd Apr 2020 9:11 pm 

    Big Trump donor gets $7,633,085 to build 800 feet of border wall

    https://www.dailykos.com/stories/2020/4/22/1939422/-Trump-friendly-company-under-investigation-gets-8-million-no-bid-contract-to-build-800-feet-of-wall

    The Fat Boy does now how to rip things off—

  4. DT on Thu, 23rd Apr 2020 12:39 am 

    https://www.youtube.com/watch?v=Zk11vI-7czE

  5. Theedrich on Thu, 23rd Apr 2020 2:48 am 

    In an economic shutdown, life is cheap. Powermad politicians, unwilling to waste a crisis, seize the moment and turn chaos into a dictatorship.  This is the current strategy of House of Rep speakeress Pelosi (who lies through her false teeth), horseface AOC, pencilneck Shiff and all the other crypto-Communists in and out of government.  With the national debt now rocketing through $25 trillion, headed to infinity and beyond, there is no hope whatsoever that the debts incurred by the “war” on the ChiCom virus will ever be paid.  In other words, America as a nation is bankrupting itself.  Permanently.

    Yes, the Sörös-like Davos oligarchs have taken advantage of the situation and greatly worsened it.  But not without help from genosuicidists.  White America sold its soul to the devil long ago with its religious, bloodthirsty fanaticism about equality, fratricidally massacring ~700,000 of its own flesh and blood in a Civil War to satisfy its madness.  It subsequently repeated that psychopathy by murdering multiples of that number of kinsmen in Europe in two World Wars.

    Satan is now about to collect his due.  With the utter exhaustion of the American — and even the world — economy, all that is left is collapse.  Or perhaps war.  With nukes.

    America the Beautiful.

  6. Abraham van Helsing on Thu, 23rd Apr 2020 3:30 am 

    “Nobel prize-winning economist slams Trump’s handling of the coronavirus for making the US look like a ‘third world’ country – and warns of a ‘Great Depression’ if president stays in charge”

    https://www.dailymail.co.uk/news/article-8247507/Nobel-winning-economist-says-Great-Depression-Trump-charge.html

    Another deep state kosher who wants America to return to be owned by his tribe. The only ones who have turned the US into a third world country was mr Stiglitz’ tribe, not Trump:

    https://tinyurl.com/y7ut7qxq (Research Gate)

    This is the iconic picture of the supreme moment: white America’s intentional death warrant signed in 1965:

    https://www.lbjlibrary.org/cache/assets/uploads/lbj/small-immigration-banner_760_255_s_c1.jpg

    Texan closet jew LBJ signing the 1965 immigration act, after he had helped wasting JFK first, so he could seize the moment, without having the trouble of going through the election circus first:

    https://www.youtube.com/watch?v=79lOKs0Kr_Y

    The corona-induced crisis could very well provide the opportunity for white America to escape, without a WW3 being necessary.

  7. Shortend on Thu, 23rd Apr 2020 4:47 am 

    No SHIT Sherlock…

  8. Der Dangler of Arnhem on Thu, 23rd Apr 2020 4:48 am 

    What a load of utter scare mongering crap. The zionist scum scaring all the hysterical uneducated masses are scum. This is a non event killing a bunch of already ill 82 year olds and lots of super unhealthy black and asian people.

  9. Abraham van Helsing on Thu, 23rd Apr 2020 6:07 am 

    Geopolitics 101:

    https://www.ibtimes.com/show-force-south-china-sea-us-australian-warships-hold-drills-near-new-hot-spot-2962980

    “Show Of Force In South China Sea: US, Australian Warships Hold Drills Near New Hot Spot”

    The Mossad knows better:

    https://worldview.stratfor.com/article/china-encroaches-australias-backyard

    “China Encroaches on Australia’s Backyard”

    America gone –> Australia/NZ gone.

  10. Abraham van Helsing on Thu, 23rd Apr 2020 6:12 am 

    Der Danger says, ” The zionist scum “.

    That was not called for. Lets try not to resort to name-calling ok Der?. It is insensitive and hurtful to certain parties I cannot name of course, for fear of persecution. I hope I do not have to moderate your inflammatory and harmful words again. So, consider this a very gentle warning.

  11. Cloggie on Thu, 23rd Apr 2020 6:21 am 

    “Hydrogen Europe Announces 2 x 40 GW Electrolyser Plan”

    https://deepresource.wordpress.com/2020/04/23/hydrogen-europe-announces-2-x-40-gw-electrolyser-plan/

    Detailed plan emerging hydrogen economy in Europe (41p)

  12. Der Dangler of Arnhem on Thu, 23rd Apr 2020 6:21 am 

    Oops, cloggie I am really juanPee. Sorry for the sock play.

  13. JuanP on Thu, 23rd Apr 2020 6:22 am 

    Hey, Der Dangler of Arnhem, I am the pink poodle

  14. DT on Thu, 23rd Apr 2020 6:22 am 

    So true juanPee so true

  15. Davy on Thu, 23rd Apr 2020 6:26 am 

    “China Encroaches on Australia’s Backyard” “America gone –> Australia/NZ gone.”

    There the cloggo goes projecting WWII mentality onto the modern world. What is China going to do cloggo, invade Australia and manage it? LMFAO at the dumb thinking there. China can barely keep its country together let alone go on foreign adventure. Let see them invade and succeed with Taiwan and then talk the huge continent of Australia. You are a broken record of dumbass.

  16. Davy on Thu, 23rd Apr 2020 6:27 am 

    JuanP, BTW, I moderated you on the moderated side. Go see for yourself.

  17. JuanP on Thu, 23rd Apr 2020 6:28 am 

    “Shortend on Thu, 23rd Apr 2020 4:47 am
    No SHIT Sherlock…”

    Oops, cloggie that was me again.

  18. Davy on Thu, 23rd Apr 2020 6:32 am 

    “Detailed plan emerging hydrogen economy in Europe (41p)”

    cloggo, Antius already debunked your hydrogen economy. Your little hydrogen plan is just an attempt at a niche. It will not scale to a hydrogen economy. More of your wet dream fantasy.

  19. Davy on Thu, 23rd Apr 2020 6:47 am 

    “Pork Shortages To Strike America In Two Weeks”
    https://tinyurl.com/y7xxg9ja zero hedge

    “We have some troubling news developing deep inside America’s food supply chain network, suggesting rapid food inflation could be dead ahead. In the last several weeks, six major US meatpacking facilities have shuttered operations because of the coronavirus outbreak. That means 15% of America’s hog-slaughtering capacity has been shifted offline, and there is an additional risk that beef and poultry capacity could be reduced in the weeks ahead, reported Bloomberg. With every virus-related plant closure, farmers have been denied access to meatpacking facilities/slaughterhouses, resulting in herd overcapacity and suggests euthanizing hogs could be next. Dennis Smith, a senior account executive at Archer Financial Services, warned that “meat shortages” will occur “two weeks from now in the retail outlets.” That means by the first week of May, certain pork products could be out of stock at grocery stores across the country. “There is simply no spot pork available. The big box stores will get their needs met, and many others will not…If plant closures like these continue, it could add additional strain on the supply chain and cause “weird dislocations for prices — finished products are surging, while farmers are getting paid much less for animals,” Bloomberg notes.”

  20. Davy on Thu, 23rd Apr 2020 6:51 am 

    In further cloggo EuropeUp news we see more Euro CW2:

    “Migrant Areas Of Paris Hit With 4th Consecutive Night Of Riots”
    https://tinyurl.com/ybuqnymc summit news

    “Migrant areas of Paris were hit with a 4th consecutive night of rioting following an accident in which a motorcyclist was seriously injured after a confrontation with police. One clip shows firefighters trying to tackle a blaze after numerous vehicles were set on fire.”

  21. Hello on Thu, 23rd Apr 2020 7:09 am 

    >>> “Migrant Areas Of Paris Hit With 4th Consecutive Night Of Riots”

    Get out. Are you telling me that importing truck loads of negros, ragheads and other 3rd world sludge into a civilization could be a problem?

    I didn’t expect that, did you?

  22. Davy on Thu, 23rd Apr 2020 7:29 am 

    The liquid farts have reached me ! damned covid! if I dont make it JuanP can have my Barry Manilow Lp’s and Van Helsing will get the Cher album.

  23. JuanP on Thu, 23rd Apr 2020 7:50 am 

    The liquid farts have reached me ! damned covid! if I dont make it I give my Barry Manilow Lp’s to boney joe my gay lover and Van Helsing will get the Cher album.

  24. DT on Thu, 23rd Apr 2020 7:50 am 

    so true junaPee so true

  25. Cloggie on Thu, 23rd Apr 2020 7:56 am 

    “In further cloggo EuropeUp news we see more Euro CW2:”

    You seriously think that these ragheads can start a CW2?! Let alone win? LOL

    This is still material the police can handle. After that we have the army and after that the army of last resort, the population.

    When I talk about US-CW2, I talk about a WHITE, armed insurrection, against a hostile deep state (currently temporarily somewhat hijacked by Trump) and their numerous darkies and leftist whities:

    https://www.youtube.com/watch?v=-TqnRJmkG6g

    https://www.youtube.com/watch?v=z2zj-MRUT94

    Question empire dave: if you talk about “EU-CW2”, what is meant by “EU-CW1”, prey tell? Or are you just copying what I say out os a sense of fundamental cluelessness?

    Asking the question is answering it.

  26. Hello on Thu, 23rd Apr 2020 8:03 am 

    >>This is still material the police can handle

    Not for long. PC doesn’t allow it to be handled.
    Similar to the US, where the police is not allowed to handle a negro, even if it would be easy to deliver him to kingdom come, solving the problem for good. The strongest army is of no value if it’s not allowed to operate.

  27. Cloggie on Thu, 23rd Apr 2020 8:13 am 

    “cloggo, Antius already debunked your hydrogen economy. Your little hydrogen plan is just an attempt at a niche. It will not scale to a hydrogen economy. More of your wet dream fantasy.”

    Oh did he? Where? Please post link to the thread where he did that. (expect no response from empire dave).

    Oh and it is not “my little hydrogen plan”, but from the Dutch engineers, backed by the billions of the EU and Norway and the Green Deal, even Russia wants to participate in.

    https://www.greentechmedia.com/articles/read/10-countries-moving-towards-a-green-hydrogen-economy

    “Hydrogen niche”-latest:

    “10 Countries Moving Toward a Green Hydrogen Economy”

    The US is mentioned as #10, but only as a joke. Only California does something.

  28. Cloggie on Thu, 23rd Apr 2020 8:21 am 

    “Not for long. PC doesn’t allow it to be handled.
    Similar to the US, where the police is not allowed to handle a negro, even if it would be easy to deliver him to kingdom come, solving the problem for good. The strongest army is of no value if it’s not allowed to operate.”

    That’s only a little bit true. The prisons in the US are mainly populated by darkies and they didn’t volunteer to walk in, they were brought there by the police. But if there is a suspicion of a little bit excessive police violence, than indeed the political left in the US cries murder and mayhem and “racism”, to serve its political clientele.

    “According to the U.S. Bureau of Justice Statistics (BJS) in 2013 black males accounted for 37% of the total male prison population, white males 32%, and Hispanic males 22%”

    Rest assured, if Germans ans Poles (1939), Russians and Ukrainians (2014), Israelis and Palestinians (1948), Turks and Kurds, Serbs, Croats and Bosnians (1990s), etc., etc., can’t live together, you can bet your last bottom $ that it will go wrong in the US as well, way before anything similar will happen in Europe.

  29. Abraham van Helsing on Thu, 23rd Apr 2020 8:24 am 

    In further cloggo bulllshitup news we see more Cloggo2 (abe):”

    You seriously think I know can start a coherent conversation, let alone rationalize? LOL.

    There is still material on my computer the police can handle. After that, we have the courts, and the pedophile investigators, and as a last resort, a court appointed jewish lawyer.

    When I talk about anything, at all, no matter what the subject, I talk out my ASS,
    an armed shitspew against a hostile comment section (currently somewhat hijacked by me and empire dave), and our numerous spamies and daves sock puppets.

    Question empire dave: if you talk about your farm in Italy, who looks after the farm in Missouri pray tell? Or are you just copying my stupid shit out of a sense of fundamental admiration?

    Talking to my ass, is answering it.

  30. Davy on Thu, 23rd Apr 2020 9:24 am 

    “You seriously think that these ragheads can start a CW2?! Let alone win? LOL”

    LOL, but you think a few extremist militia types can start CW2 and win? That’s how your twisted mind works.

    “When I talk about US-CW2, I talk about a WHITE, armed insurrection, against a hostile deep state (currently temporarily somewhat hijacked by Trump) and their numerous darkies and leftist whities:”

    Man, that was a racist word salad if I ever saw one.

    “Question empire dave: if you talk about “EU-CW2”, what is meant by “EU-CW1”, prey tell? Or are you just copying what I say out os a sense of fundamental cluelessness?”

    Yea, it really is hundreds of years of EU-CW. No need for a number. You eurotards have been attacking and killing each other throughout history. You are only now quiet because you are fat and lazy. Just wait until food shortages and employment rock your continent. Then the brown people problem will be just a distraction. There will likely be a lot of brown people killed destroying this righteous euro-liberalism of soft power you people think you have.

    “Asking the question is answering it.”

    Right, you told on yourself stupid.

  31. Davy on Thu, 23rd Apr 2020 9:26 am 

    “Similar to the US, where the police is not allowed to handle a negro”

    Depends where you go. It is a big country. In the blue areas police have their hands tied. Also during Obama’s time he persecuted the police for votes. Trump is changing that right or wrong.

  32. Davy on Thu, 23rd Apr 2020 9:27 am 

    “Oh did he? Where? Please post link to the thread where he did that. (expect no response from empire dave).”

    Antius on Thu, 16th Apr 2020 9:08 am

    “Cloggie/Abraham, I have been following and commenting on this board for about 7 years now. Your narrative on energy has not changed in all that time. You seem to have learned little from your time here. You perform too little arithmetic and appear to lack engineering knowledge.
    Hydrogen has some promise as a short term energy storage mechanism if peak wind power is used to generate it and it is then burned in combined cycle gas turbines. Its overall efficiency will be around 30%. But the relatively low capital costs of the equipment involved means that it can still make sense, especially if you can recover process heat or if you can use it to generate high quality heat in niche industrial applications.
    But it is no good for long term energy storage. It is a diffuse gas with a density of 88grams per cubic metre -it barely exists. You can store it at atmospheric pressure in a tank or bag. That is quite a cheap way of doing it, because it avoids the need for pressure vessels or cryogenic equipment. Try to pressurise hydrogen and you immediately need a pressure vessel, which is expensive for such a diffuse gas. The molecules are so small that differential pressure will cause them to seep through most metals. Liquefied hydrogen is unaffordable. You need to cool it to 20K and store it in austenitic stainless steel containers. Boiling losses from heat transfer into the vessel will cost you a lot of content very quickly. Insulating the tank is very challenging, given that air liquids on contact with it.
    So there you have it. You need to understand the technology before you can talk intelligently about what options are available.”

  33. JuanP on Thu, 23rd Apr 2020 9:28 am 

    In further cloggo bulllshitup news we see more Cloggo2 (abe):”

    You seriously think I know can start a coherent conversation, let alone rationalize? LOL.

    There is still material on my computer the police can handle. After that, we have the courts, and the pedophile investigators, and as a last resort, a court appointed jewish lawyer.

    When I talk about anything, at all, no matter what the subject, I talk out my ASS,
    an armed shitspew against a hostile comment section (currently somewhat hijacked by me and empire dave), and our numerous spamies and daves sock puppets.

    Question empire dave: if you talk about your farm in Italy, who looks after the farm in Missouri pray tell? Or are you just copying my stupid shit out of a sense of fundamental admiration?

    Talking to my ass, is answering it.

  34. Cloggie on Fri, 24th Apr 2020 2:40 am 

    Oh did he? Where? Please post link to the thread where he did that. (expect no response from empire dave).”

    Antius on Thu, 16th Apr 2020 9:08 am

    “Cloggie/Abraham, I have been following and commenting on this board for about 7 years now. Your narrative on energy has not changed in all that time. You seem to have learned little from your time here. You perform too little arithmetic and appear to lack engineering knowledge.
    Hydrogen has some promise as a short term energy storage mechanism if peak wind power is used to generate it and it is then burned in combined cycle gas turbines. Its overall efficiency will be around 30%. But the relatively low capital costs of the equipment involved means that it can still make sense, especially if you can recover process heat or if you can use it to generate high quality heat in niche industrial applications.
    But it is no good for long term energy storage. It is a diffuse gas with a density of 88grams per cubic metre -it barely exists. You can store it at atmospheric pressure in a tank or bag. That is quite a cheap way of doing it, because it avoids the need for pressure vessels or cryogenic equipment. Try to pressurise hydrogen and you immediately need a pressure vessel, which is expensive for such a diffuse gas. The molecules are so small that differential pressure will cause them to seep through most metals. Liquefied hydrogen is unaffordable. You need to cool it to 20K and store it in austenitic stainless steel containers. Boiling losses from heat transfer into the vessel will cost you a lot of content very quickly. Insulating the tank is very challenging, given that air liquids on contact with it.
    So there you have it. You need to understand the technology before you can talk intelligently about what options are available.”

    Empire dave, sneakily, omits the link in the hope I won’t bother to look it up:

    https://peakoil.com/consumption/tracking-global-energy-transition-in-turbulent-times-solar-stutters-coal-keeps-growing

    In his “debunking” of the hydrogen economy, he claims that burning hydrogen would have an overall efficiency of 30%. As if burning gasoline has any better efficiency.

    Obviously, hydrogen should not be burned under a piston, but oxidized in a fuel cell, like this:

    https://deepresource.wordpress.com/2020/04/23/vdl-daf-hydrogen-truck-driving-in-the-netherlands/

    Or this:

    https://deepresource.wordpress.com/2018/12/15/worlds-first-hydrogen-train-operational-in-germany/

    Or this:

    https://www.norshipsale.com/take-a-look-at-the-worlds-1st-hydrogen-powered-cruise-ship/

    Or this:

    https://www.treehugger.com/aviation/first-commercial-fuel-cell-powered-aircraft-just-one-of-many-eco-angles-at-2008-ila-berlin-air-show.html

    Hydrogen trucks, trains, ships, planes, it has already show to work.

    The point is to optimize the conversion of renewable electricity into hydrogen. It has already been shown that you can electrolyse steam at an efficiency of 85%. In Rotterdam they are now scaling that up from the laboratory into a real plant:

    https://deepresource.wordpress.com/2020/04/23/multiplhy-multi-mw-high-temperature-electrolyser/

    Antius is fighting a rear-guard fight to promote his nuclear hobby horse. While I have no doubt that the British could copy the French and build a national power system based on nuclear, it comes simply too late. And it is too expensive. And too dangerous. And uranium is running out. And nuclear is absolutely no solution for the third world, where solar and hydrogen is. Perhaps that some day Antius his grandson will come up with a design for a thorium reactor, so we can tear down all these tens of thousands of wind turbines from the North Sea, but for the moment renewable energy it is going to be, since it has won the public relations battle for the hearts and minds all over the world and that is what really matters. The actions from a MAGA fossil are completely irrelevant in that.

    When it comes to innovation, USA = Ukraine + reserve currency + nukes + darkies.
    Completely irrelevant for the transition. No worries, we’ll teach you how to do it, after the break.

  35. Abraham van Helsing on Fri, 24th Apr 2020 5:48 am 

    New British poll:

    https://yougov.co.uk/topics/politics/articles-reports/2020/04/22/brits-increasingly-dont-care-whether-northern-irel

    “Brits increasingly don’t care whether Northern Ireland remains in UK”

    #GiveIrelandBackToTheIrish

    https://www.rt.com/op-ed/486691-covid-19-moment-for-europe-independence/

    “Is Covid-19 pandemic THE moment for Europe’s independence movements?”

    The author is talking about Scotland and Catalonia.

    This could be European Union-plan B: all nation states falling apart in small and very identitarian statelets, but too small to be autark and survive on their own, using the EU for the big picture.

    And of course there is the unforgettable picture of right-winger Salvini (2014), who was so fed up with corrupt Italy that he wanted it to break apart:

    https://www.artribune.com/wp-content/uploads/2014/12/Matteo-Salvini.jpg

    We feel your pain, Matteo.lol

  36. Cloggie on Fri, 24th Apr 2020 6:13 am 

    Most here are collapseniks and don’t believe that a renewable energy base could ever work, an opinion based on no engineering background whatsoever.

    To get a grasp of what is happening in Europe at the moment, as well to appreciate the deep level of cooperation between EU/governments and the European industry, have a look at the annual report 2019 of Hydrogen Europe, the umbrella organisation of the coming European hydrogen economy:

    https://hydrogeneurope.eu/sites/default/files/Annual_Report_2019_Hydrogen_Europe_final.pdf

    All the big names are present (p2), like: Shell, Audi, Airbus, Alstom, Bosch, BP, Daimler, EDF, etc., etc. with a combined high-end scientific and engineering brain power that dwarfs all the self-styled collapsenik “experts” here, very opinionated, backed by no serious formal education.

  37. Davy on Fri, 24th Apr 2020 6:27 am 

    “The point is to optimize the conversion of renewable electricity into hydrogen. It has already been shown that you can electrolyse steam at an efficiency of 85%. In Rotterdam they are now scaling that up from the laboratory into a real plant:”

    It may be trying to scaling up to a real plant but at what cost and will that scale up to a greater economy? Is there time for it to scale up to a continental sized economy or a global one? You are pissing in the wind especially now that the global economy may have stepped down with 30% output drop from globalism1 to globalism2. Renewable hydrogen will have niche applications. I am excited about it but not unrealistic with fantasy like you. You still have not scaled up renewables to primary power transition let alone electricity. You tend to get the horse in front of the cart with speculation and pretend things have materialized when they have not.

  38. Davy on Fri, 24th Apr 2020 6:34 am 

    “Most here are collapseniks and don’t believe that a renewable energy base could ever work, an opinion based on no engineering background whatsoever.”

    As opposed to a techno optimism with no financial and economic background. Your engineering background is limited. You think you are an energy engineer or something when all you do is sit on your nuts and speculate 20/7 and much of that is racist and Anglo derangement. You think way too highly of yourself.

    “To get a grasp of what is happening in Europe at the moment, as well to appreciate the deep level of cooperation between EU/governments and the European industry, have a look at the annual report 2019 of Hydrogen Europe, the umbrella organisation of the coming European hydrogen economy”

    Europe is locked in fantasy about their energy future. The whole project was stalling even before the pandemic induced hit to global output. Globalism was already in decline and it is that force that would surely be needed for an effective energy transition. That transition dream is likely dead now but you will not bury it no matter how bad the news. You are the lipstick queen

    “All the big names are present (p2), like: Shell, Audi, Airbus, Alstom, Bosch, BP, Daimler, EDF, etc., etc. with a combined high-end scientific and engineering brain power that dwarfs all the self-styled collapsenik “experts” here, very opinionated, backed by no serious formal education.”

    Big names in economic turmoil is what I see. LOL. The cloggo’s mind is so warped with dreams he can’t fathom how his reality has just changed. He is forum famous for putting lipstick on any event no matter how bad.

  39. Davy on Fri, 24th Apr 2020 6:46 am 

    But but the cloggo said Iran was taking over the ME:

    “Iran’s Ayatollahs Will Struggle To Survive The Oil Slump”
    https://tinyurl.com/yc3xe54n gatestone institute

    “At a time when Iran’s Islamic regime is already facing unprecedented pressure over its handling of the coronavirus outbreak, as well as its disastrous handling of the economy, the global slump in oil prices could well prove to be the final straw for the ayatollahs…According to recent estimates by the International Monetary Fund (IMF), Iran needs global oil prices to reach the highly unlikely benchmark of $195 a barrel just in order to meet its budget requirements for 2020. With current predictions suggesting oil prices are likely to remain around the $19 a barrel mark, the ayatollahs are facing the prospect of an economic Armageddon: the oil slump means there is little prospect of a revival in the country’s economic fortunes for the foreseeable future. With inflation running at 35%, and the country facing widespread unemployment, the ayatollahs have become increasingly dependent on the country’s oil revenues to keep the economy functioning. Their ability to generate revenue from oil sales, though, has already been severely affected by the impact of US sanctions, with Iranian oil exports declining from their pre-sanctions level of two million barrels of oil per day to around 300,000 — a decline of more than 80%. Now, following this week’s slump, even that modest amount is under threat. The scale of Iran’s deepening economic crisis is reflected in the regime’s recent decision to seek $5 billion in emergency funding from the IMF, its first request for outside help since the 1979 revolution.”

  40. whoa on Fri, 24th Apr 2020 8:43 am 

    India: Muslims enraged, put bounty on head of Bollywood singer for tweet critical of adhan over loudspeakers

    it’s now in minneapolis and the solution is to love muzzies more. if you complain you’ll die

  41. whoa on Fri, 24th Apr 2020 9:28 am 

    that doc by whitey supertard michael more is very good. it’s full of muzzie lovin libs. it shows a desperate situation which (((supertard))) alice friedmann is talking about. there’s no hope

    all we can do is love supremacist muzies more and gain inspirations from it because everyone is ignoring the carbon neutral and energy neutro use of camels and flying magic carpets

    i travelled the country whenver i want, just put on a bag and i have superman ability to fly, all carbon neutral. it helps if u “revert” to a supremacist muzzies as i did

  42. Duncan Idaho on Fri, 24th Apr 2020 9:32 am 

    “Military men are
    just dumb, stupid animals
    to be used as pawns in foreign policy.”

    ― Henry Kissinger

  43. whoa on Fri, 24th Apr 2020 9:57 am 

    libs are brainy but they’re creepy. just watch doc by whitey supertard michael moore and you see. behind the softness and cuddly tone of NPR, you can see the seething anger and the instinctivly mandated program of cill (control or kill) which culminates in blaming repugs. the whole libs in that movie look fit for a ride to comet haley in heaven gates …just pay attntio

    why are libs so evil? they’re attack dogs for Big Sis and so are muzzies. if you see Big Bro floating on his 2 wheel rig on the highway and you see Big Sis behind on the same rig, you know Bis Sis is controlling that Big Bro.

    i dont’ know about you guyes, i want to be cilled. you can’t escape this program by Big Sis, resistant is fitile

  44. Davy on Fri, 24th Apr 2020 10:07 am 

    Oops, sorry y’all. Rong link again.

    https://www.zerohedge.com/geopolitical/irans-ayatollahs-will-struggle-survive-oil-slump

  45. whoa on Fri, 24th Apr 2020 10:16 am 

    libs are soft and cudly but sport a big stick. they like to convey their message in NPR tone, who wouldn’t like to be swayed by soft NPR tone? why is this? it’s the same MO used by Big Sis

    who else is soft and cudly? muzies
    For example, muzzie al baghdadi and soleimani are soft and cudly.

    That’s why we all love soft and cudly muzies. our US navy spend 98% of budget toward proper burial of muzzies at sea according to muzzie, but they’re not muzzies (nevermidn muzzie has PhD in muzzying)

    mind blown

  46. JuanP on Fri, 24th Apr 2020 10:41 am 

    Oops, sorry y’all. Rong link again. me loves Iran.

    https://www.zerohedge.com/geopolitical/irans-ayatollahs-will-struggle-survive-oil-slump

  47. JuanP on Fri, 24th Apr 2020 10:44 am 

    libs are soft and cudly but Trump boys sport big dick. they like to convey their message in a manly way, who wouldn’t like to be swayed by soft NPR tone? I am a pink poodle why is this? it’s the same MO used by pussies the world over

    my mind is blown

  48. whoa on Fri, 24th Apr 2020 10:44 am 

    st true juan so true

  49. whoa on Fri, 24th Apr 2020 10:46 am 

    JuanP on Fri, 24th Apr 2020 10:44 am

    libs are soft and cudly but Trump boys sport big dick. they like to convey their message in a manly way, who wouldn’t like to be swayed by soft NPR tone? I am a pink poodle why is this? it’s the same MO used by pussies the world over

    i read this message ten times making sure i haven’t lost my mind and i went over with a dictionary in hand.

    i don’t think my mind has gone but it’s blown.

    i have to conclude the whole comment was about muzzie lovin

    my mind is blown

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