Find me ONE example where the cash notes of a bankrupt state have been worth anything.
Cash will not be king. Things of Value will be.
People could certainly stop ascribing value to gold. But that's a far longer walk than to abandon value ascriptions to paper, especially the banknotes of a defaulting sovereign.
Tell me how kingly the ruble was when the USSR came apart. It was the reserve currency of the entire Warsaw Pact. Empires these days seem to blink out of existence. Literally, within a week the entire "Evil" Empire came apart.
People haven't figured out that we are facing the equivalent of "economic entropy" here and that ever-more paper is required to get some kind of production.
We are facing an existential crisis in the money we use, in debt, and in paper. The future does not hold more growth, so who should lend? The only way to make money is to lever up. When economic profitability in the aggregate or EROI reaches unity, it will require infinite leverage to turn a profit.
At that point, paper loses its value, no more IOUs, no freakin vague paper promises. What can you do, what do you have
Check the most appropriate box:
Ask Douchinger, maybe he and the priceless dollar cult know
Reserve shift away from fiat.
We're at the end of a multi-century era here, guys.
Peak energy means that. There's no growth future to borrow against. Transition will be from paper promises backstopped by ASSUMED future growth to effective barter
Incidentally, I have noticed the same thing about Diamond; his evidence and recitation thereof actually disprove what he is trying to assert.
The most interesting was when he explained lack of civilization in Africa as a selective adaptation caused by malaria's propensity to strike down concentrations of people. IOW, "blacks evolved away from civilization behaviors."
As for Douchinger; he was warned. But he's not that bright. He hasn't yet figured out - nobody did - what FUKD meant when I was posting on his forum a month ago. LOL
I argued the realist case on TF a couple of years ago...everything I said would happen did happen. He was wrong over and over again. But the cult these people surround themselves with is unassailable with reason.
I got banned after I cornered him in a Peak Oil discussion. I was TravIsGod then. Yeah, this was AFTER Cantarell peaked. Now he mentions Cantarell but still can't accept that oil has peaked. I argued inflation, got banned. Ghostwrote some shit on synthetic debt and what was "causing" things, and he moved the fucking posts to his Gold forum. Then my verbiage started showing up in his freaking tickers.
Went back as "FUKD" and got posting restrictions for laughing at him over STILL refusing to accept Peak..he calls it a religion. Fucking religion? After he acknowledged the then 34% drop in Cantarell production? This ain't no religion mfer.
The dude wants the paper economy to continue; all his cult does. They want to be the vultures with cash who get to buy up everyone else when the "reset" comes.
He thinks the problem is we're in a con game with fraud; no, the flaw is SYSTEMIC, like in the Matrix. Can't accept peak energy because the consequence is that everything he knows as far as "capital markets" and fiat paper has just got blowed up. Who's gonna pay to listen to his blather in a post-peak world where real things matter and fictitious hallucinated pixels don't?
A lot of us don't live in anti Assault Rifle States
If hard reset comes, don't be the cop that's manning some checkpoint to protect bankers; you can get crept on just like GSers with their mighty pistols
Yes, I plan to sell everything and rush into the notes of the first bankrupt state I can find.
Jeez, when activity becomes negligibly profitable, make up the difference with LEVERAGE, baby...gfd, haven't these guys learnt yet?
This is the most absurdly wrong thing that has ever been said on ZH.
Did you crawl out from under a stupid rock to say that?
I voted yes because of GOLD, BITCH
Look...we're goin down, the entire credit bubble fiat debtmoney system is...may as well just get it over with.
Hyperinflationary blowoff and WAR
Shit anybody who's stupid enough to believe that people accidentally shoot their relatives or gfd get guns actually taken away from them is worth saying to their face.
Why, you lookin to get your ass kicked or somethin?
Nobody knows who's buying our bonds these days tho...seems to be a big circle jerk.
Doesn't mathematically seem like there's enough capital out there to absorb what we're trying to issue in '10...we'll see. I would not bet on the USA given the balance sheet
oh GTFO...in Argentina, lights on, water running. USSR, same.
The lights won't go out and the food won't stop being delivered.
There is enough oil production and other energy in the US to satisfy basic sustenance. Sure maybe we have rolling brown- or blackouts but the Apocalypse is not coming.
Well...the executive class has only grown. They want THEIR children to have the few good jobs. And go to the good schools.
What is the only sector of income that is going up? Executive class income. Rank and file is down. And this generates corporate profits for which executives get bonused. A reinforcing trend.
IOW, the entire system is built to LOCK YOU AND YOURS THE FUCK OUT.
In other countries, children of sufficient aptitude get to go to top schools. If you perform poorly on the tests, you go elsewhere. Yale and Harvard and Princeton have sufficient freshman class sizes to accept EVERY single National Merit Scholar (top 1/2 of 1%) between them, yet a Merit Scholarship plus $.50 will get you a dialtone these days. The top schools are congested with the mediocre children of the legacy elites and those with connections to them.
President's daughter? Stanford. Really smart kid, nice scores good luck with everything.
They are forming a landed aristocracy right before our very eyes.
They're listening to the guys who have the most education and biggest apparent credentials.
Problem is, those guys are fools.
Their fear is that credit collapse of debtmoney is upon us...banks peddle dollars, and if that product doesn't grow, they collapse.
Fed didn't want to have to print money but it's occurring to them that there is no way now to grow out of the compounding interest component.
Without the bailouts, these banks collapsed. Too much bad shit in their conduits, too much leverage. Real rates of return have collapsed because economic activity is less profitable now, EROI is declining. So you make it up with leverage.
When things go south, though, it all implodes. At some point, it will require infinite delta debt to create delta GDP.
We print or default, simple as that. We're not going to have a zombie decade, we won't make it that far. Growth-based economics is approaching an implosion point.
Japan showed us that monetary policy cannot reverse a real-world problem of excess capacity and inability to grow.
How the hell could anybody turn a profit these days on manufacturing anything? It's hard to profit pumping oil or doing just about anything. Labor glut, capacity glut, glut glut glut everywhere.
China is massively screwed.
They are so overdebted in their economy that they must maintain an inflationary peg.
If they decouple, their currency moonshots and all of this debt crushes everybody. Profitability is already so low that even a minor currency move would slaughter them wholesale.
Nevermind the empty cities, idle factories, and massive overcapacity in everything. They built stuff just to show GDP, ok? 40% of their GDP a couple years ago was FDI that was intended to generate more GDP. IOW, GDP to feed more GDP, a clear ponzi.
you mean they are just socking the money away and buying gold with it?????? Instead of trickling it down? NO WAY
If anyone seriously runs the bank, the US will institute capital controls. Currency wars are a precursor to the real action.
Everybody needs a devaluation at this point, just too much debt. But the exporters don't want to see their importers buy less - too many colliding interests when you get overproduction of debt along with overproduction of capacity.
This is like the 90s fiber build-out except in every other manufactured good. Too much capacity for cars, toys, steel, concrete, planes, computers, everything, and it was all borrowed to build.
dollar isn't "safe," it's just what most of the world's debt is denominated in. Hell, foreign nations even source dollar debt. The "flight to quality" last year was not to quality, it was demand-driven solely by redemption needs for deleveraging.
That's the biggest hoax out there, that the US dollar represents in ANY way any kind of "quality." We're utterly fucking bankrupt. It's just that a lot of parties all over the world, businesses, sovereigns, etc., borrowed and lent in dollars and suddenly there was a need of them to get out of dollar positions.
The foreign CBs couldn't print them, thus the massive FX moves. We have swap lines now to prevent that again. Look at a FX chart for the past 2 years and see how the DXY pretty quickly came right the fuck back down to where it was before the 08 deflation scare
surely, all the pakis and nigerians I saw on the RER last time en route to Montparnasse will pick up the slack for these guys? Yes, yes, California got all of a +100,000 taxpayer boon from the +10M additional "residents" they've attracted over the past 30 years, along with +7M on the welfare rolls. Surely, France will do much better because the quality of their immigrants are much better than mexicans, eh?
Libertie + diversitie = insanitie
Schools are awash in money...no benefit.
If you want one of those "good schools" that you always hear about, pack it with whites and asians.
A school with the opposite will never be considered good no matter how much money you throw at it
nah you're not...I happened to be browsing the thread on the BOE's gold vault and someone said my profile was active...also happened to see RobotTurd. Checked the login on 7777 and it appears still blocked, but this one, which was my original profile (and to which I thought I had forgotten the pwd, thus the extra 7 in 7777) logged in...go figure. ZH is kinda stale now and I'm fairly busy being in the 1%...and learning to cope with the boating accident I had
all of this confusion might have something to do with the fact that writing, in the sense that we think of it, along with recorded prophesy and history, was brought to the Americas mostly by Pizarro and Cortez. The Mayans were already gone by then
The Fed was put in place to make money for lenders, geez. It's really banal. Sorry to disappoint the trilateratti moonbats, but it's really simple and actually quite vulgar at its core. What worries me is the proliferation of idiocy and magical thinking; tho I see that ZHers have at last accepted the growth asymptote that I had to hammer into you cretins over the course of years.
The only route out of this maze, and by that I mean we escape destruction...are hail maries we're not even saying.
I NO RITE?
It's not as if there have been multiple hyperinflations or outright currency collapses in the past century, or even few decades that we can study for evidence on how societies deal with them.
<shrug> I guess the traffic was down...quality of commentary sure as hell has been.
that's only if they print it. They're not. They're buying debt...kind of the same, but not really as the debt they buy has some repayment attached to it. They are still trying to grow the credit system.
An inflationary outburst like in the 70s, where lending and prices went nuts, they believe they can squelch quickly with what would be a massive raise in rates. Rates are like the control rods in Chernobyl. Right now, they've pulled them all out, hoping that the lending machine will restart.
come where, mendicant?
what next, you gonna challenge me to a facebook status-off?
right, because in every crumbling society in the past 100 years, gold has been worthless.
What will be worthful, then? Lemme guess, guns and ammo? We will all shoot our way to happiness, right?
THEY keep THEIR wealth for THEMselves...jfc, sounds downright diabolical!!!!!11 HOW DARE THEY KEEP THEIR WEALTH FOR THEMSELVES?!?!?!
In fact, Mr. Hendrix, I know everything.
What I have said is true. Ever wonder why you AREN'T seeing runaway hyperinflation? Might wanna stfu and listen for a change.
no, they aren't. They are using some relatively trivial volumes compared to their USD reserves exposure, nevermind petrodollars.
The USD is 75% of world debt...wtf does it matter if Brazil and China arrange to use CNY/BRL (one of which is PEGGED TO THE DOLLAR) in modest amounts in bilaterial trade when the very MONEY they owe all across their economies is denominated in DOLLARS?
Dead? Do you pay any attention to the POG in BRL or the USDBRL pair lately buddy? I almost had to change my luxury vacation plans to head back to brazil bc the BRL has blown out to 2.1 per. Dead? LOL.
you are mixing 2 sets of arguments; don't do that.
Hyperinflation as a purely monetary phenomenon is shorthand for worthlessness of the sovereign notes. Typically, this comes from overproduction, but overproduction with respect to demand. Value collapse can occur without printing as long as demand falls faster than production.
The Roman Empire deflated but its currency did not become more worthful. This is the locus of the disagreement between you and those who take issue with your premises (which are mostly correct).
It really doesn't matter to anyone the form of the Destroyer, what matters is "what do I do about it"
my problem with that sequences was that Keanu lacked the acting chops to plausibly appear capable of that type of deductive analysis
you will yield. I am not xenophobic...soon as you figure that out, you will be somewhere
Their position paper which is available publicly: they are the ONLY source of mortgage market...it's dead. Private sector is nonexistent in it. Major challenge is how to get the "Enterprises" phased out of it. Without this FRB conduit into housing, there'd be no market whatsoever for MBS.
Surely; and without the Fed backstopping the MMs, the entire financial system would have collapsed.
There really weren't any good options. As we speak, the Enterprises are the sole player in the 2ndary mortgage market; there is no private sector to speak of. I can show you their white papers. The Fed along with the USG, are the only source of credit growth.
I already told you people this stuff a year ago or so, before it was patently obvious. Or maybe it was 3 years ago on TF...who can remember? The Fed has no choice but to print the coupon. There is no organic source of credit growth but the system MUST grow or else it will collapse quickly.
actually, after seeing that all you do in there is spam with nonstop sophomoric profanity, I decided that the risk/reward ratio on a work machine was simply not worth it. Sorry, expected more out of you than puerile blather.
And who OWNS THOSE MBSs?
What IS an MBS? Hint doofus: it's a DEBT.
When the money payment from the MBS comes IN, the Fed EXTINGUISHES the monies from the purchase!
It's a big circlejerk. They have to do this to offset credit collapse in the rest of the system. There is NO source of credit demand...the freakin interest rates should TELL YOU THIS.
Rates are set by the MARKET.
Excuse me, but did I not already ADDRESS THAT?!?!
I said it DOESN'T MATTER, these pitifully little bilaterial trading measures!
I told you that 75% of world debt, plus a higher percentage in emerging economies, which is sprayed ALL OVER brazil and China, are dollar-denominated.
And I told you to check the fkin BRL cross if you thought that this move by Brazil (who is desperately trying to CHEAPEN their currency against the USD as we speak) meant that the dollar was dead.
I guess, to sum up what I am getting at is: STFU moron, you are wrong.
a new planet? Lol. Would only get us one more doubling interval. Instead of midnight, the bottles fill at 1 past.
We could find 1k earths and have only 10 more doublings...this is an easy geometric growth problem to measure.
If we look at energy production growth, what's that been running, like 3%? 5%? So we manage all of 24 years to max the new earth's production rate, best case? At 5%, we could swallow the 1024 earths in a century and a half. Red Queen, checkmate.
you're right...there are no Argentines left on the planet who were alive like last year. Or brazilians over 30.
Tell him he should redistribute his GRADES to students who drink all the time.
Someday, I will be a HS teacher and I am going to do this for all the self-identified libtard students. Over/under on how soon their Obama 2012 parents show up to BERATE me for the unfairness of it...?
concur; the real problem is that these "facts" aren't actually facts. Sex and racial equality are the two most notable. The Court may also be wont to proclaim that the sun rises in the west, but that won't make it so.
A Constitutional regime which attempts to enshrine BS will ultimately prove destructive
This is why you don't know anything, and you should have followed my previous advice.
DEMAND and SUPPLY set ALL PRICES of EVERYTHING. Read that again, stupid.
Yes, even credit. Inflation or perceived inflation DO NOT SET the prevailing interest rate; they merely affect DEMAND AND SUPPLY.
The market doesn't "think" anything...there is NO demand for credit. You can see this all across the economy.
Oil isn't high because of inflation or rates or any of this; it's high because we're running freaking AT production capacity. Gold production peaked 10 years ago.
The Fed can OBVIOUSLY set ITS price for credit. But it CANNOT make people borrow. Anymore than a THEATER can dictate the price of movies by raising its prices...if there is no demand for the ticket, there isn't going to be more revenue from raising prices.
The Fed has lowered the cost of credit hoping that people will use more of it at this price point. THAT is how interest rates work. They are merely a COST of credit.
nah, I tried to log into that one and it comes up red. For some reason, this original one works, but it has 3 7s
Wow...China flooded their economy with loans and a mandate to build shit no matter if there will never be any demand for it.
And, thus, GDP grows! Industrial output way up! Happy days here again!
How the HELL is a PRODUCER supposed to lead us out of a downturn? Producers don't, consumers do!
no...as Gresham's Law operates, there is tremendous selective pressure to "interpret" the numbers in such a way as will be rewarded.
Nobody gets far telling the unvarnished truth.
well I remember the day LEH blew up..they were massively net short gold. So if the deflation comes back, just gotta wait for the banks to start dropping.
oil will trade with demand fundamentals until supply declines measurably.
Anyone who looks at the production decline from Cantarell has to be very scared to short oil. That field alone lost 2mbpd in the last 5 years.
There is a good field-by-field production analysis by IEA here:
Time-to-peak and decline rate are measurably worse the more recent the discovery.
Here's an analysis of decline rates too:
This analysis suggests a 2.2mbpd decline rate in production annually. If that is the case, we will be in supply deficit by next year. I would not short oil with somebody else's money. Demand will have to collapse materially to adjust.
We need to find fields equivalent to 80+% of currently producing fields in order to meet demand growth necessary for continued economic growth plus the depletion of the existing fields...and all by 2030.
The dollar will be forced to decouple from oil, period.
side effects of corruption and zero immigration standards include that the big fish have incredible ability and power to move money into hands without any scrutiny whatsoever. And there is a ready pool of people who "get things done."
listen up you stupid tard; I told YOU that the reactors would melt down and that it wasn't a serious problem. I was the FIRST PERSON anywhere to notify you cretins that the real problem was in the SFPs. It's not MY fault that you read at barely a 4th grade level.
what is this author smoking? None of any of that matters, those old DEAD WHITE MEN...anything that is majority or all-white is ILLEGITIMATE by definition these days.
HISTORY is therefore illegitimate. It will be scrubbed and sanitized away like 1984; watch- they're already doing it.
And nobody cares about income and expenses; that's for people who run out of credit. For as long as they've been alive, there's been a handout/bailout or something from uncle sugar. Just press out another kid and raise your monthly check. Get your sister or mom as 'childcare' and suck that credit up too. It's been a scam a day since the 1960s.
The 60s were the takeover of what you THINK of and REMEMBER as "America." That country was conquered in the 1960s and it no longer exists. The powers in charge now are going to expunge that nation's past from the history books and are still fundamentally transforming it into something totally different. There are some clueless holdouts who still haven't figured out that they lost the war.
Look at the demoncrat party in Congress...they brag about how female, minority, gay, etc., they are. That coalition, aided by idiot yankees and their ilk, formed a coalition and seized power. They have used 40 years of immigration policy to just solidify their grip. There is no "opposition" party...could you even imagine the conservatism of the 1950s now? They'd call you a nazi. ANYONE who appeals to that bygone era is sneered at by these people as an obsolete bigot. Nevermind that the founders compared to a 50s conservative are so far right they look like Atilla the Hun
interestingly, most other groups' history CANNOT be deprecated, despite that they all owned slaves too. Witness Israel. They are by conventional wisdom "entitled" as original possessors of the land they squat on presently.
This is DESPITE the history of genocide and slavery that litters their history work (Old Testament) and the fact that they only came into possession of the Holy Land by admitted conquest and slaughter! They will not tolerate having their history altered nor questioned. Likewise, you cannot question the "wisdom" of natives of any land, despite their record of sacrificing 10s of 1000s of people in one event to some God-who-does-natural-events. LORD HELP YOU if YOU should appeal to some kind of deity's moral authority on any question. But it's ok for other cultures to appeal to rain gods and wind gods when they actually sacrifice humans in brutal fashion. If you reject this premise, you are a bigot. YOU are the one with the problem.
Yes, I know the Aztecs owned slaves, but that's ok, because they're nonwhite. The Zulus did the same things as the Aztecs, minus the early bronze age technology. Basically, everyone did.
The people who constructed every facet of what we call civilization DAILY permit their own history to be crapped on; they have acceded to their own destruction. He who controls the past controls the future.
Even on this very site, we see nationalists referred to as "nazis" simply because they "bigotedly" refer to THEIR OWN country as THEIR OWN country and desire to keep it as such, but this is ONLY the case when the country contains a white majority. If it contains a colored or zionist majority, you CANNOT question its right to remain ethnically pure at any cost or else you are a nazi who wants to kill 6 million.
Fighting?? LOL. You invited them in!!
WTF did you think was the cause of africa being africa and central america being central america? Miasmas? Did you really think they were going to become tanned versions of you?
Gold isn't money in the absolute, but it sure does have value to trade.
A lot of people want to argue over gold, but let's look at the dollar...it's a freaking weapon.
There are some other connections between most of these bankers and economists that run a little deeper than MIT
Drugs have been illegal for a long time, which is why you can't find them anywhere.
Fed Court just struck down IL's CCP ban, btw....the nation is presently fragmenting and the Federal Courts are often nearly at each other's throats in terms of jurisprudence. The States have had enough of the Feds as well and are increasingly passing their own laws in direct opposition to DC's edicts.
top 5% is like 1.6M in 2009...you HONESTLY think people in this echelon really pay 10% tax or less? WTF are you smoking? It is precisely these people, who would generally be in the high %iles in income who ARE paying almost ALL of the taxes. The so-called "middle class," aka everyone below top 10%, pay next to jack in taxes.
Cliff's notes: the Fed will print whatever the credit base doesn't grow by naturally.
The good news is that with inflation only showing up in niche articles like gold, oil, and food, there's no worries whatsoever about unwanted side effects.
At present, we don't need China to buy anything. The Fed is doing it. And everyone is shrugging.
We have proven we will go to war to protect the dollar's value at the margins. Until someone threatens our ability to do this, the game plays on.
News flash for TD: they'll just use a different number if/when UE hits 6.5% or they will change their policy statement. There is no possibility in the Age of Contraction that a debt system predicated upon growth can ever have a Fed exit.
The dollar dies when our military is defeated or there is fundamental revolutionary regime change here a la the USSR.
she's studying to agitate about things. That's all anyone does anymore...I think deep down, they have read The Secret and believe that if we just agitate and wish strenuously enough, we can suspend the laws of physics. Afterall, ANYTHING IS POSSIBLE, ain't it?
the previous guy was tl;dr..jfc people, keep it vaguely concise especially when it ain't even your own gd'd words.
during my sabbatical from ZH, I would occasionally read stupid fucking articles like the one here by idiot authors. I would read the SAME OLD SHIT about how Japan had a "DEPRESSION" for 20 fucking years merely because they e DIDN'T GROW MUCH (if at all).
The statement is not just regular, but motherFUCKING absurd. This idiot has clearly never been to Japan, never seen Japan, knows fuckall about Japan to say something so incredibly STUPID. Japan is fine...one of the highest stds of living on the planet. Orderly, advanced society. Yeah, SO WHAT, they didn't GROW. GROWTH cannot go on forever!
The US has reached a point where it cannot grow, due to resource constraints. And we should HOPE we can do HALF as well as the japs have done when they hit that wall. Japan hasn't spiraled down anywhere into a pit of anything. it's fine. The trains run, the lights come on, the factories produce. Yeah, they are not GROWING like they once were, but if we as a planet don't fuckin figure out what to do when growth ends, we're FUCKED.
And idiot after idiot keeps blathering about this or that and saying we need to get back to growing, oh don't do what Japan did and suffer the misery of not growing. Grow grow grow like fuckin CANCER. Like somehow it will be the end of the world when growth inevitably ends??? These paper pushing idiots with their leechfuckery "capitalism."
This turd has never been to Iceland either.
There's no happy resumnption of the fucking previous status quo waiting for us out there.
Oil peaked; get the fuck over it already.
the "root" of the problem is that oil peaked.
All this debt bs is just a sideshow. Households cannot INCREASE spending without an INCREASE in income- real income.
The Bernank saved the financial system by papering over the collapse of the compound interest animal.
It is not HIS fault that the US middle class was a cheap oil aberration. He's not responsible for the insane sense of entitlement that Americans have, either.
His job was to prevent a financial collapse that anyone with a basic understanding of compound growth knew was inevitable. And he did so.
given the .fed's disconnect from the several states, some sort of constitutional crisis is inevitable. Already, states are refusing to accept federal laws and federal policy. Eventually, Texas will refuse to prosecute or Arizona will physically deport on their own or weed in CO, maybe it turns into a local arrest of a federal agent or something like this. That's when things should get interesting.
the SCOTUS may have to sanction massive curtailment of federal power under the 10th or something like that just to avoid things' getting worse.
ANY article that claims the banks aren't lending because they're being paid to is, a priori, horseshit.
There are NO MORE qualified fuckin BORROWERS and MORE LENDING AT INTEREST is not the fucking SOLUTION. it is the PROBLEM.
America's future is a disaster because of Americans. This is 25% a 3rd world country now...wtf did people EXPECT from changing the population from high 80s % white to "diversitopia"??? Due to birth rate differentials, it will only GET WORSE. It cannot be saved at this point especially when cretins out there don't even know what the hell the problem is.
really, wtf could have been done???
You think you can replace the people and the system will somehow become viable?
Jeezus H Christ...they were worried the money would go to speculation instead of something good...like LOANS?
LOANS ARE THE FUCKING PROBLEM. There is one in a hundred who understands that there is a world outside this fishtank.
All these people ever talk about is LOANS and GROWTH...failing to understand that these two words together imply a mathematically INEVITABLE brick wall at some point.
All the bankers talk about is growing credit, the economists growing production, grow grow grow. Growth is limited.
The founding fathers were white men. And they owned slaves.
On EITHER basis, they are illegitimate.
Any company that lacks sufficient blacks is illegitimate. Any endeavor without sufficient "diversity" is in crisis and illegitimate (NASA is). These things must be cut. Science classes in schools in Berzerkely were deemed too white. Cystic Fibrosis was too nondiverse a disease to merit continued support. so these things are illegitimate and must be eliminated.
This is the world you people have let occur because you have a mental 3rd rail on the subject.
I have no idea why you people keep appealing to the FOUNDERS as if somehow the rest of the nation is going to nod and GET IT. They REJECT the founders, ok? The founders are illegitimate and must be scrubbed from history.
The Constitution was written by them and it's just a piece of paper that frequently gets in the way of the fundamental transformation of society by people who WILL NOT STOP. You just don't get what you're up against here.
LOL...you people are 20 years behind the curve.
They have already convinced most of you to accept savagery in lieu of your own culture.
Look around you...affirmative action, gay marriage...where the fuck do you think you are, folks? This is what DEFEAT of all these highminded old ideals looks like.
But you're too scared to be a "bigot" and be ostracized. You say you study emergent complexity and systems, this should be OBVIOUS to you.
Do I really need to say anything on this story?
Work ethic is not some universally shared human perspective anymore than cognitive function is. Ask James Watson about that (before they destroyed his career).
the fuckin wankers in the UK WANTED this EXACT type of person in their nation, in order for it to be LEGITIMATE again.
And so this is what they have. I am dubious as to whether this can be cleaned up...ever.
oh lord...everything is a sinister plot.
They're so brilliant they look like idiots and that's the brilliance of it all? Wow.
nah, you idiot, when they were beheading people like Lavoisier, they were WAY the fuck over the line of self-destruction.
The revolution didn't end when Marie got a little taken off the top, dude.
Another RETARDED article!
It DOES NOT MATTER, for the eleventy TRILLIONTH time, how much there are in RESERVES of ANYTHING.
The ONLY THING that matters for something you intend to consume at a desired RATE, is the freaking RATE at which it can be produced!
The author states NOWHERE the expected rate of PRODUCTION from any of these reserves. I'll help you out here: the "new Saudi Arabia," aka Canadian oil sands, have nearly the same RESERVES as the Saudis did. However, their reasonable maximum PRODUCTION RATE is less than HALF of what the Saudis achieve NOW. And even hitting that requires insane amounts of freshwater and some supplemental energy source (right now NG) to mobilize the bitumen. Nevermind the FLEET of mining vehicles (the largest dumptrucks on earth, etc.) driving through bazillions of gallons of diesel just to carry this crap up out of the MINE. And that's what oilsands are, MINES.
This should illustrate to tards just how production peaks and resource quality works, the principle of "low-hanging fruit" and effectively how evolution works. The reserves left after the low fruit is picked are of NECESSARILY lower quality, meaning the same amount of "stuff" YIELDS at a lower rate!
ALL the YIELDS across the planet are declining...this is precisely WHY interest rates are at such insane lows despite de facto bankruptcy, but you still cannot get a loan. It's all about yield. Unfortunately people don't work well in their pathetic average brains with concepts like rates.
FYI, I LOL at your posts as well as at the cretins who can't get your schtick.
Pictures of wind farms...hahahahahahahaha...you forgot "complimentary airline flight magazines in the seatback in front of me"
You might want to peek into how the IEA was forced under political pressure to effectively LIE on everything they've produced for over a decade now.
This 10 mbpd can be filed with their 130mbpd of world production in 2020 or whatever it was.
The people they fired after that WEO...the last time they released an alarmist outlook. Then they went and scrubbed it...when was that, like late 90s or something? Calling for peak in the next decade and the US came down on them like a shelf of the BOE's tungsten bars.
then there is the USGS which is so laughable I cannot understand how someone could even mention it with a straight face.
Every single projection fills in the gap between what they REALLY project and what we NEED by "undiscovered countries." Or whatever...fantasy BS. Read any of the late 2000s vintage WEOs and you will see it. There have been whistleblowers crawling out from under the floorplanks there exposing how IEA has ignored and softsold Peak while pretending that all the oil we could ever wish for will just be "found."
Then you have these idiots tacking on all these imaginary "reserves" without reference at ALL to the EROI or even base liquid production rate of the resource.
IEA doesnt want to talk about that though, because it would upset people.
What's worse is that they make no attempt to talk about NET boe...it's always some BS fudged "liquids" total that they can make look however they want nevermind that the barrels don't have the same energy content.
Or that tarsands requires massive negative balance on NG and diesel to mine that crap and wash it off.
are you gonna wake up someday or remain terminally clueless? I just don't get people like you who are afraid to admit the obvious. I can't fathom someone stupid enough not to GET the obvious.
Hispaniola is a nice case study.
meh. There needn't be.
But with THIS stock of humans, probably.
Not to feed the technocornucopians, but everything seems to hang on production of electricity and the viability of transport without hydrocarbons.
We can explore options to achieve that. First we need a base power source. Nuclear fission is funtionally inexhaustible, but only with breeder reactors. The technology exists to fiss actinides and other nuclear waste down to half-lives of a few hundred years, but this requires Gen IV reactor technology that really isn't seeing much investment. Compared to military expense, it's not even a blip.
On that notion of investment, where IS the money going? Stealth drones? Killing robots? War stuff. Spy stuff. DARPA has the robot cheetah and robot mule. The RFP on the robot cheetah clearly specifies what they want it for...to hunt down and kill people, avoiding defensive fire while it does so. 'course they state it in terms of "subdue noncompliant subject" but is this thing expected to handcuff you? GTFO here. It's an HK, just like the robot mule with the rotary engine that can carry 300lbs 15 miles. It will go from a pack animal to hey let's mount a cannon on this thing. It can sit silent in the camouflage, wake up and just absolutely ROCK out with a minigun or whatever and mass kill people. It doesn't need food or drink or anything. A good muffler makes it really quiet. They have robot sharks and robot water snakes, even robot tree climbers. Our public loves war so long as no real people on OUR side die. We send robots to do it.
My kids ask, how is this robot sea snake gonna kill people? Or the robot tree climber? This just shows how kids are naive...ok, the robot sea snake is just going to wrap itself around you. The robot tree climber is going to get near you then explode. Gotta think laterally.
Anyway, on energy...assuming functionally inexhaustible fuel in fission reactors, we have to have a storage means. We are already at the theoretical limits of chemical batteries. We can't do cars with them, not like with liquid fuels. Just like we can't do Mars with a chemical rocket....just doesn't have the physics.
The only storage alternatives I can think of are superconducting coils to persist far more current than a battery or something exotic like a nuclear isomer. Dunno how you recharge the latter of these.
YBCO is a miracle material, people won the Nobel for HTS; but it took 20 years of time for it to start to be used in nearly any commercial applications. The R&D time cycles weren't there as far as ROI for private actors and the gov only cares about stuff that can kill. Only since maybe 2006 have YBCO tapes shown up and they have already dropped MRI prices by an order of magnitude and will permit applications that were impossible prior. CERN is using superconducting tapes, BSSCO ones, in its collider and the difference is profound. But to push technology, you have to focus on it. Our best minds are coming up with stealth drones to spy and kill, robots to spy and kill, planes to spy and kill, computer centers to spy and help kill, new aircraft carriers to spy and kill...everything revolves for us around spying and killing.
So, yeah pretty clearly what's possible ain't what's likely.
you think it's bad now?
Obama wants to equalize punishment rates for different races of kids in schools. Disparate impact and all of that. Surely, criminal prosecution rates are next for adjustment.
If you're asian, don't ever open your mouth, anywhere, ever. You imagine how many asian kids they will have to suspend for chewing gum or dropping a pencil to get things all leveled out?
There's some ordinance that you are violating right now and don't even know it...everyone is. And these bus cameras won't be used to hear racial epithets in these cities where gangs of worldstarhiphoppers beat up people without color...that will just be "random violence." It'll eventually have to be used against the people who CARE about getting sent to prison but who aren't doing the marxists the favor of committing crimes at the same rates as protected classes.
orrrrrrr...it could just be that blacks and hispanics commit a HELL of a lot of crime
Do you ACTUALLY fuckin think I WAIT AROUND for posts of yours to reply to, you fucking babbling moron?
I'll get to you when I feel like it, bitch.
Ok, fuck you then.
If you're NOT willing to have a real conversation, then fuck off.
STAY CLUELESS...I really DON'T give a fuck!
But don't EXPECT to be taken fucking seriously if you CANNOT acknowledge what is PATENTLY OBVIOUS. You will continue to IGNORE why Detroit is detroit, why Rhodesia became Zimbabwe the Clusterfuck and what the hell is happening to a formerly 1st world country in South Africa.
And, Hispaniola, why DR is TYPICAL of a central american country and Haiti, on the SAME FUCKING ISLAND, is typical of a subsaharan african country. Maybe the miasma that you idiots think causes such disparities only floats over one half. Go figure.
Oh, in case I forgot to tell you this, go fuck yourself. Belly crawling, sniveling bitch ass whites are the LOWEST form of life. The absence of a practical SOLUTION does not negate the existence of a PROBLEM, you stupid, bumbling fuck for brains.
It is as if millions of silverbug doomer goons cried out in terror and were suddenly blowtorched
in a few years from now, when you silverbugz are all broke, I'll be buying your daughter a "big chest."
destabilizing Japan is a bit bigger deal than Iran. Japan is a de facto nuclear state. They could vaporize China.
They have both a superior air force and a superior navy to China's.
60B??? It's Obama trying to pay off his blue-state cronies.
Maybe they can cough up a small fraction of that to replace the gd'd Portal Bridge.
It was a nothingburger storm.
Haiti has a lot more deaths than 100.
the damage was to idiots who live in flood zones along with a poorly-defended set of urban areas that are relatively flood-prone in the first place.
it's a fabricated holiday that has nothing whatsoever to do with anything and has never been adhered to by the people who supposedly it sources from...unless 40 shootings a weekend in Chicago is part of that "collective work"
yes and they will be stupid as fuck infrastructure projects like more free shit for air and road travel. Meanwhile they will bleat how rail needs to be "private sector," while Amtrak is actually turning a profit on NE corridor on 100 year old infrastructure, 80 year old wiring, and 40 year old rolling stock, because they have to own and maintain their own infrastructure. While the gov picks up the tab for every airport and road in sight.
well, gee, NYC may actually have to put some of their vig to work on flood control measures for the subway...like this is the first time it's ever happened, right? Same with these road tunnels..jfc.
But of course you're right...EVERY currency collapse has led to fleeing the cities. I mean, Buenos Aires doesn't even exist at this point, Rio, Sao Paulo, Belgrade...they're all gone. Wiped away by currency collapse. Same thing with Bogota, Medellin, Cartagena, Bucaramanga, Salvador, BH, Curitiba...
NASA should be closed down.
i watched that Curiosity landing mission and I didn't see diversity. Obviously, NASA is in a crisis and must be reformed or shuttered.
There are people starving and we are wasting money on telescopes. We should be giving money to the poor because they will spend it, thus helping the economy.
they will contain it and everything else until someone big can't be contained.
The power of "inflation" if they go to the "by any means necessary" step is limitless
I think they just didn't want to FAIL the 'islamic bonds' because they are trying to start their own pretend muslim financial ponzi bullshit
Hell, Mohammed stole about everything else from joos, why not money usury too under the guise of "no interest"?
They'll default on the dhimmi bonds
Dollar is going to rally into $3.5T worth of debt issuance?
And if you look at the duration curve, this will be $3.5T and rolling about every freaking year.
There's no way in hell they can lock this down for 30 years
Plus guns and ammo are NOT RARE.
They are fucking everywhere. Go to Pakistan, buy an AK47 for $250. People are stupid if they think guns will be worth what we in this idiotic "brady bill" nation have to pay for them.
Ammo is everywhere, freakin Argentines are in a collapsed society and they got LOTS of it. Maybe not freakin high tech JHPs but sufficiently lethal ammunition is everywhere. The messican gangs have fking anti-tank rockets for fuck's sake.
Guns for WHAT? Personal defense, sure...but ppl who say "10% in lead and brass," whatever. If you had $100k, you are SERIOUSLY going to spend $10k on firearms?
There has NEVER in ANY society been a shortage of guns or ammunition - EVER.
RubinE is just shitting on it because he doesn't have a safe large enough to store HIS wealth in gold and if all hell breaks loose there will be ZERO NEED whatsoever for fucking idiot economists like him!
He's a fiat bull, he has to be. His entire living is predicated upon the fiction that what he teaches and spouts is real, when it's unmitigated bullshit. If this system of keynesianism and big govs and stimulus and fiat inflation ever dies, so goes his fucking career.
Let's see him load up on ammo and Spam; what a moron.
He SERIOUSLY did not run to be the house nigga for Wall Street...and I mean SERIOUSLY. With emphasis and a meanish looking scowl.
He's pissed bc they're making him look bad and he's starting to take flanking fire from elements of the press. Once it's ok to savage Tiger, then it's open season on the "off limits" demographics.
Problem is, the guy is utterly clueless. Seemed madder about the gatecrashers than anything else.
spending 2x receipts these days...not seeing the growth out there to backstop this new debt. Only recourse is the printing press...leverage will continue to increase as real yields continue to decline for the simple fact that there isn't MUCH out there anymore that is economic!
I mean, in the aggregate, where the hell do you "invest"? The only growth industry for the past 10 years has been in finance and derivatives thereon.
yeah, just flip a different switch and everything will be ok.
Peak oil says no it won't.
We're bankrupt; that's how we got "into this mess."
All this bs about tinkering here and there to solve what are immense and utterly intractable systemic and structural problems is just polyannaish bullshit.
The US economy is a dead investment, a sinkhole. The entire world economy built on debt and growth tomorrow is bankrupt as a fundamental premise
yeah, what possesses someone to shoot up an elementary school other than...the devil?
I'll call you both, and the fact that you "don't care" makes you an idiot to go with it.
well, not exactly; this is a filth culture full of the disaffected. Some people just internalize it better.
You watch enough TV, you will either become alienated or a mental slave
got a double post and I didn't even hit the button twice....OBVIOUSLY, HAAAARP is to blame
true on a variety of counts.
Our filth culture has actually elevated infamy and notoriety above real fame.
Look at the Kartrashians....in a bygone era, they'd have been SHAMED. But now, nothing is shameful. Oh we can't hurt the feelings of the people who do stupid crap and behave like savages. Back in the day, you'd get laid out.
Now it turns into a "white guy shoots unarmed BLACK (did we tell you he was black?) teen" of course because the teen wouldn't turn down his "rap music" (aka WHITEY BEEZ RAYCISS).
Nevermind that the act of driving into a gas station with your radio blaring and the awful lyrics that are featured in rap these days SHOULD warrant a "kid, turn that down." But, oh noze, you might offend them because you're not sensitive to their culture. You say somethin they explain precisely how they are going to violently assault you, peppered with a few racial epithets...oops, dude had a gun and just flat out didn't want to SUFFER the indignity of disrespect anymore- he snapped.
You can't shame a slut for being a ho. Can't shame Paris Hilton for...ok, I am being redundant here.
People are snapping under this pressure and the ersatz reputation that comes with snapping makes it an ATTRACTIVE option. In fact, notoriety is actually being cited as a PRIMARY motive for a lot of these nutballs.
There is no civility in our culture anymore, no norms, no morals, nothing...it's a wasteland. And this type of crap is what it produces.
where is the Wisconsin Mall shooting? You know, from last month?
Oh, you don't know...wasn't hyped by the media. Gee, wonder why that was.
I've only told you 50,000 times where the US's crime comes from. It's from people you don't have in Canada, fool.
2 demographics account for 85% of our crime nationally, and in most cities, nearly 100%.
Subtract that out and we look better than Europe and Canada...in crime, school performance, QoL, everything.
there was a 2nd mass shooting in WI last month; the tenor and tone of the media coverage was totally different. 3 dead, 4 more injured, typical incident.
I'll bet that if people read the coverage, most of these conditioned lemmings, they will mentally file it as different because they're programmed to.
Some of the big cities are bloodbaths...nary a peep about it. How do you get 40 shootings in a weekend and no one knows?
Kartrashian's famous. Worldstarhiphop baby.
Everyone acts the fool and gets attention. Fame isn't famous anymore...infamy is.
guns are illegal in Mexico, no?
Oh, that's "different." They have a REASON to slaughter people there. Got it.
Psycho is psycho. The Swiss have automatic rifles...why does this sort of thing not happen there?
First pop, the schools go on lockdown.
I told my kids to jump out the window and run as far away from the large concentration of targets as fast as they possibly could.
You're under bombardment, do you stand next to all the tanks?!?! Congregating in the corner behind a flimsy door is not my idea of a good security reaction. But, really, it's more important for the POLICE that nobody exits the building, that way it is easier for them to contain the situation. You saw how they led people out of various situations like this...at gunpoint and frequently handcuffed. Maybe they watched Die Hard too much.
Oh but "lockdown" sounds so tough and securityish and all that. Like a prison or something. Where the mayhem gets contained within the 4 walls.
ABSOLUTELY correct... this is the critical flaw in the deflationist "priceless dollar" crowd led by Douchinger et al. Businesses CANNOT SELL AT A LOSS. People say oh well, if Toyota wants to sell cars they will have to drop prices. Um...no. They cannot sell below cost. They will drop volume as there are less customers. People will walk. This is easy to demonstrate...go to a nation like Brazil and see how much cars cost. Volumes are MUCH lower because prices are very high compared to average incomes. It's like this most everywhere. We have subsidized our LACK of national income for 3 decades with borrowing.
Lots of people do this in the real world, subsidizing real income with MEW or CCs. They appear far richer than they are. When the bill comes due and they cannot grow their credit, they basically collapse quickly. That is the United States economy and nation.
We either devalue or default, simple as that. It's what's been done in every case, every single time. And the fucking world will get over it. What can they do to us other than not sell?
The USD may end up dead as a reserve asset but the nation will still be here. A more priceful dollar will force the government to default/devalue which will be accomplished by CB purchases of sovereign bonds. There's simply NOT the income to fucking borrow what we do now, not enough income to pay for "defense" plus interest plus any other entitlement.
A day of reckoning approacheth
yes...massive game of brinksmanship. China has been all too happy to import our inflation and export their deflation.
At this point, currency wars are on tap.
The issue really becomes that most of our "economy" is valueless. Look at the percentage composed of government and FIRE. This is shit of NO real value. The UK is worse tho
that money gets taxed when the people it's distributed to declare it as income, idiot
this could work, but it's antisocial and therefore dangerous.
the notion that these fruitcake WOMEN at schools in the US today should in any way be armed is absurd. I deal with libtard school districts all the time, no effing wway these people can use weapons. You enter a room for a PT conference and you're the only man in the room.
That's why they have "lockdowns" as their security policy. What does lockdown do? It concentrates targets for convenience of killers, but it gives the police what they want- containment. They'll form a perimeter until the thing burns itself out and then come in and draw chalk lines.
the schools are already war zones against boys and maleness.
But, YES, the teachers are all libtard WOMEN who would PREFER a *feeling* of ABSOLUTE safety. that is why they have these absurd "security" policies which do not actually secure anything. it's why we have TSA. the truth is that nothing can really be done, but that doesn't sit well. "Authority" figures HAVE to capitalize on these situations for their own aggrandizement.
do you really think they have lockdown to keep the people inside safe?
the people who survived VT bailed out the windows
but Larry Summers said that "everybody" agrees that the recession is OVER and that is good enough for me because he never lies
what is happening here is a smaller slice of what happened last year about the same time.
Most of the world's debt is in dollar-denominated assets; there is and always has been a "dollar carry trade" of a sort as it is the reserve currency.
What occurred was simply demand-side dollar needs due to deleveraging to pay off those debts. Ukraine, Latvia, Greece, Dubai are all just symptoms of that. But now we have FX swaps. Any dollar strength will be crushed through those means.
As the dollar slides into the depths, these bounces should become less and less. In a bear trend, you sell the 50DMA touch. Any dollar strength will crush dollar debtors all over the world, including the USG
Mandela??? That means we need a terrorist who rose to power by butchering his own people?
Or we need another Lincoln to consolidate the Federal power? Confused here...
they are doing what I said they were a few years ago when I used to post on TF, loading onto the public all the debts of the connected class.
This is the Argentina Model.
The Fed lent to the banks because they didn't understand what was happening. So now they are just taking the monies redeposited that were lent and buying the assets outright. The Treasury eats the losses of the Fed. Look at the monetization...4 times as much MBS held by banks than Treasuries.
The Fed's ENTIRE goal in this was to save THEIR BANKING SYSTEM.
They have no mandate to save US or anything of the kind. OUR representatives VOTED to ALLOW them to load "We the People" up with the debts of the banks and the entire financial system. This is precisely what the Menems and De La Rua's did with Argentina. And, they took billions into their own pockets to do it.
Basically, the Congress was PAID, BRIBED to pass laws to adopt the debts of the richest. Our government feeds the richest.
We need Andrew Jackson. Throw the entire banking clan OUT, take the Hollywood establishment with them. It's ok, most have another country they have citizenship in, not like they have nowhere to go.
what it will mean is that there will be a decoupling between paper prices and real asset values.
The DXY can go to 200 and we still see a dollar crash.
The US is as inarguably bankrupt as any of the PIGS.
We just haven't properly discounted our entitlements obligations. So, right now we're only 81st or whatever in the words of the polyannas, on the debt-to-GDP list. What this fails to account for is the upcoming tsunami of entitlements expenditures. If we used NPV accounting, we're in anywhere from 6-8x as much debt.
Everyone says so what because our GDP growth is an ASSUMPTION. If you redid the models with US GDP being flat or undergrowing, it's very clear that this is a major problem.
The reserve currency's use as a debt denominator all over the globe makes these deflationary/deleveraging episodes cause DXY spikes. Last year was the MOTHER of all of them.
People don't flock to the dollar as an instrument of quality, they do so because their debts are denominated in them and they have to acquire dollars in order to deleverage.
The Fed did not allow the dollar to blow out last year; it will not do so this time. I got banned on TF for saying it, they WILL PRINT. The math is abundantly clear, you either default or devalue.
They have to bail them out.
If they do not, the significance of the dollar debt in these nations and over the world will start a deflationary tidal wave. We saw this last year in the massive FX moves where 5 years of dollar decline were undone in a short period of time.
The world is facing an existential crisis as far as debtmoney goes because EROI unity is on the horizon.
Interest rate regimes FOLLOW the aggregate ROI of the economy at large.
Nobody is borrowing because nobody can find much to do that is PROFITABLE. The Fed is attempting to lower the cost of money so that people will do more things but even 0% rates cannot make a sub-unity EROI activity profitable.
Someone look out over the economy at large and FIND me the growth prospects. All I see is contraction coming. We pulled decades of future demand forward on the expectation that we could just grow enough to keep the balance of our interest obligations consistent with our then-expectations of even more growth.
A collective point of recognition has now been achieved that the future is not one of growth.
Everything revolves around energy.
All the cheap credit in the world cannot make Cantarell pump more barrels this year than last. Yes, economists really do not get this fact. They assume that man's desires will trump physics.
If we lend cheaply enough and there is enough "pent up" demand, we can all have antigravity boots.
Growth in EVERYTHING is assumed.
Each successive energy "find" is of lower EROI than the last...this means less net BOE. There is a very good reason that they went after the highest EROI fields first, because they were the highest EROI.
We can run a society on what we can produce plus alt.energy, but we have to abandon the growth expectations and growth model. If we accept that, it's pretty clear that all entitlements pyramids are immediate failures as is the entire system of debt based money which inherently requires MORE money to be paid in the future via someone ELSE borrowing to engage in their own growth projects.
The reason I struggle so much to get through to deflationists like Douchinger is because they are totally wrong.
Inflation *helps* the rich and the elites. Deflation helps small people who never had the credit or income to support debt. Deflation helps those of modest means, whereas inflation helps those who can engage in leveraged activities. Deflation crushes anyone who is in debt or leveraged...not the poor old woman I met once on the PATH train in Hoboken who had her life savings in a bank on Bergen Ave.
Deflation does not happen when nobody buys things, that is just when everybody is broke. Deflation represents in the monetarist formulation a decrease in the demand for new money, IOW, credit contraction. All money is lent into existence by banks and they get a coupon for that privilege.
If the future holds an inability to generate more real things that the money is a placeholder for, you have deflationary contraction. Peak oil represents the onset of just such a future.
The bank bailout was intended to save their banking system, not anything else. But money is a fiction, a faith-based instrument, supposed to placehold for real things as a commerce facilitator. If it becomes clear to everyone in a confidence scheme that the outcome is negative, you get a run on the bank, and collapse in faith.
The world is effectively bankrupt in a monetary sense because we have all made systemic money promises that cannot be kept.
Failure is LEH 2.0. I'm expecting they'll try it once to see just what happens.
A question I have from an EW perspective is was the 2008 dollar spike, which was totally nuts, merely an A wave of a countertrend move? If so, wave C will be off the chains and the priceless dollar fiat bulls like Douchinger should be crowing like there's no tomorrow lol.
yes...if there is a massive dollar/DXY rally concurrent with a fall in the price of bonds
lol...I've been told that before, when I used to write on TF.
I'm probably too lazy plus how many different ways can I pretty much say the same thing?
AutomaticEarth, Mish, a lot of these guys nibble around at all of these edges, but most of them don't understand oil the way people at TOD do, which is another site I frequent.
The relationship between energy and production is out there but economists do not appear to appreciate it nor draw the link between energy consumption and GDP
lol...I've been told that before, when I used to write on TF.
I'm probably too lazy plus how many different ways can I pretty much say the same thing?
AutomaticEarth, Mish, a lot of these guys nibble around at all of these edges, but most of them don't understand oil the way people at TOD do, which is another site I frequent.
The relationship between energy and production is out there but economists do not appear to appreciate it nor draw the link between energy consumption and GDP
they shoulda said EFF YOU and just taken back the coinage power.
Instead they paved the road for an even more spectacular collapse where there is a risk they will be hanged
that you think this logical fallacy is somehow persuasive means you are just dumb.
why is the author perpetuating the myth that jooz were scapegoats for the economic collapse in germany? Their fingerprints were ALL OVER IT and they came out the other side owning the entire country.
it only matters who DOES the shooting; if it's a white person, it's news. If it's not, then it isn't, no matter who and how many they kill.
Chicago gets dozens per weekend; that's just ONE big, demographically-challenged city among many.
The news admittedly censors crime reports to govern possibility that people will associate crime with one or the other group (irrespective of whether this is in fact warranted) and they overplay news related to typically non-implicated groups. Dog bites man versus man bites dog.
what did the Crazyhorse pilots say after they "serviced" a civilian van that they KNEW contained children, with 20mm cannon fire? "shouldn't bring your kids to a battle."
They did not care that they just blew apart 2 children (so they believed). Somehow, miraculously, the kids escaped mostly unharmed, no thanks to our brave aviators. The holes in the windshield were gigantic, and our pilots did not intend to miss.
you mean like in CA and other states where they used registration rolls to go door-to-door and demand weapons?
As far as your asinine condescension, the left wing is ON RECORD as desirous of total disarmament. I think you have confused motive with opportunity.
by one percenter you mean a lying douche, because he's not a 1% wealth. He's a liar and a blowhard.
the truth beez rayciss now, huh? when did that happen?
Don't look into the crime stats in the USA, broken down along these lines; you won't at all like what you see.
I'm convinced at this point that there can be no common ground.
There must be secession and separation. Those who want the rainbow coalition of the disarmed should be able to have that nation. And when it goes BK, they have nobody to blame but themselves. Likewise, the opposite should have its own nation and people.
As things stand, people are too different...yankees have nothing in common with people in the mountain states, and the yankees and libs are all suffering from Passover Syndrome. They intend to pay their own guilt with others' blood
ppl dunno what's up unless you know someone who has a psychotic break. I knew a kid who this happened to...went from being normal to next thing in a mental ward talking about how his dad's picture is on the $50 bill and the AC units were talking to him. Knew a chick too who lost it thru years of recreational use of adderall. Talking about a 2nd city above the real one, hidden from view, believed she was on a tv show like Truman, all kinds of kooky shit. Totally impervious to the unreasonability of it all.
These spree killers are not hollow like serial murderers; its not the same phenomenon.
what did I call this years ago...Collective Point of Recognition
Interestingly, the Chinese also have a problem with homicidal rampages on schoolkids
he jumps to a lot of conclusions, but lands much closer to the truth than you'd like to admit...
massive like 2008 massive.
Maturity issues show up in the longer durations, past an anticipation of the US default timeframe. There is simply no freakin way you are going to get paid on a 30-year with our balance sheet.
Gold would decouple in that IAU and GLD can go to 0 and the physical metal still sell for a hefty sum.
Last year when gold was $750/oz, during the meat of the collapse, it was hard to get at coin shops. COMEX is subrogating GLD shares for physical delivery; the whole thing is a bit of a joke
this is Deus ex Machina...
everyone has this answer...oh well we'll just think something up.
Finite systems cannot indefinitely support exponential growth.
Really, I know what I am talking about with respect to EROI and I have already considered hail mary technological innovations.
Find me another energy source that is growable and at its outset was 100:1 EROI like oil was.
The one that is out there is fusion power; that's it. Everything else is a stopgap. Uranium will peak, NG will peak, everything peaks.
As for wind and solar, those chase an efficiency curve subject to laws of diminishing returns. The only way to grow solar power production once the entire earth is covered in panels is for it to get sunnier. Likewise with wind. Assume you have the most efficient process possible. It has to get sunnier then. This is the asymptote where your growth needs meet reality.
The problem with debtmoney is that it requires someone ELSE to borrow to pay your interest. It's very clear if you think about this that it is a ponzi scheme.
The interest that the other guy must pay on his loan represents interest upon interest. This is an exponential compounding problem.
No money comes into existence except by lending. It all must be paid back plus interest.
Long as there are people demanding loans to do things that produce more stuff, someone else will have to borrow money into existence to buy that stuff, but then they have to find someone else to borrow money into existence to buy their stuff to pay the interest on their loan which paid the interest on your loan of money, etc.
This is a pyramid scheme, in essence. Once production in the aggregate peaks, the system begins to eat itself. Money in the system starts getting needed to pay existing interest claims and the interest starts to eat the money supply.
yeah if you mean float it in short maturity bills.
Look at the distribution curve for amount versus duration on treasuries...it will scare you.
We are a bad auction away from true monetization needs.
without the support of China's export ponzi and oil (we're consuming less and Peak has passed), there is less for the gov't needs for recycle.
Fed will provide them dollars. Dollars are not in short supply and are real easy to make
The swap lines already exist to fund any dollar needs all throughout the world.
central banks don't care...their currencies are fiat as well
everyone wants to devalue their own currencies. the world in its entirety has debt whose interest cannot be repaid with future production growth.
How the fuck was a region of low-margin PRODUCERS going to drag us out of a problem of systemic OVERcapacity and OVERconsumption based upon debt?
There is no fucking consumer in China because the entire nation is NOT PROFITABLE. It's built on GDP to build more GDP...a complete ponzi fiction!
won't help...law school helps teach you to believe in everything simultaneously
oh yeah, NO reason whatsoever to expect that GDP won't grow...lol
Yeah, a GDP based upon notional values of synthetic debt instruments.
Just for my edification...what exactly does the US produce these days? Be specific.
oh, BS...Detroit happens in places with Detroit's demographics.
Places with say, Oslo's demographics will fare much better and always have.
deathofjohannesburg blog has Detroit's future
No longer qualifying for benefits or unemployable or ZERO jobs = no unemployment rate according to the .gov
tax receipts or ADP tells you all you really need to know
I know some people who directly profit off of that by working for their parent's company.
Incidentally, they are over on TF arguing against minimum wage increases and behaving as if they earned inherited wealth.
Nothing drags out the guillotines faster than spoiled rich legacy brats trying to play robber baron capitalist and talking about "free markets"
yuan as reserve? ROTFL.
There never WILL BE THE DEMAND to satisfy China's capacity of now! NEVER.
There isn't enough oil supply in the WORLD so that every chinaman and dottie can drive a fucking car like we in the west do.
For China to "take over" would require 6 new Ghawars...just look at oil consumption per capita on wikipedia.
China is a bankrupt state as surely as we are. When you sink your efforts into NONPRODUCTIVE "assets" they are NO LONGER ASSETS. We built mcmansions, they built needless factories. What is the difference? Neither one can produce ANYTHING at a profit.
only if they have the juice to come collect.
Fed will backstop everything with monetization.
They bought RMBS, CMBS probably next
Still buying...we're not dumb enough to believe that a nation whose debt is doubling every 8 or 9 years is going to honor its promises and its currency.
We recognize that the US is a bankrupt state, therefore we have little faith in its notes.
NPV of our entitlements, what...$100T? You REALLY think dollar is king?
Fuck Senator...when are they going to cut spending?
Answer: never. Only hiring growth is in .gov, only pay raises too.
THEY are the principal driver of inflation. We've got 12 TRILLION of bullshit debt with another 12 coming
Fuck Senator...when are they going to cut spending?
Answer: never. Only hiring growth is in .gov, only pay raises too.
THEY are the principal driver of inflation. We've got 12 TRILLION of bullshit debt with another 12 coming
idiot...deflation means that the USG defaults. PERIOD.
QE of $1.5T and you are still thinking deflation. If they can't grow it with credit, they will print it. FDR devalued, so will Ben. There is no other option
absurd. Dollar is dependent upon Fed circlejerk funding the US deficits.
If this were a real market, the USD would collapse at the next auction...because...the...fucking...government...is...bankrupt.
Who honestly really gives a fuck? The dollar is trash...nobody needs it. They can trade their oil for real goods or services and vice versa.
Who cares what the freakin IMF does? It's an institution based upon fiat bullshit. Nations are stockpiling real things for some type of trade settlement; if you can't smell the end of the dollar as reserve coming and see the writing on the wall, you're dumber than Crammer.
Seigniorage is worth at least 50% of the DXY and responsible for propping this trash currency up for decades.
Look at our accounts and fiscal deficits and aggregate debts. People look around and think we're all that and a bag of chips because we're in DEBT TO OUR EYEBALLS. We are NOT RICH. My exwife lived real large off of debt up until she imploded, just like legions of sports and entertainment stars who one day just go freaking bankrupt.
it's as if millions of silverbugz cried out in terror, and were suddenly blowtorched
bbbbut...we'll save $1.6T over 10 years when we have annual 1.6T deficits. It's like buy 9 and get the 10th one free!!!!!!11
huh? Why is it the responsibility of income earners to "create" jobs for other people?
How about this: all you 47ers get off the backside and do something productive?
Gee, we should give money to the poor because they will SPEND IT...genius. That's how you STAY poor.
watching that limey cunt Piers Morgan involuntarily at a restaurant made me conclude that these statist progs were sitting around with their fingers crossed hoping for another shooting so they could beat the righteous drums for gun control.
Of course the debate is controlled; he won't challenge someone who has an answer to his "Britain, Australia, Japan" crap. Of course, he cherrypicks and excludes contrary examples, such as Switzerland or Mexico. Or even RSA.
Nobody will have a REAL conversation on what the root causes of crime are and by whom; akock will be long any minute now to call me a rayciss for pointing out the obvious.
I wonder how that gun ban worked for those Tottenhammers during the riot, you know when they were being stripped, robbed, and raped.
This country needs to partition and soon. Let the blue states of america, which is actually just a few cities and little else, go their own way.
you people are tards...if the US is going to collapse like most of you believe, you're going to fucking need those guns.
why do people butcher BNW like this?
The book was not a dystopian novel, it was a philosophical statement...it was the Savage who was wrong; he ended up killing himself.
but idiots like Smokey Quinn have never actually read the book.
mostly true, but only cunts use "mate."
that means you're what, a fuckin british cunt or something?
an australian then? Part of the "coalition of the willing"?
Bunch of dipshits...what makes me laugh most is those who are happy to eat the scraps from the table but still are just yapping little dogs, wishing to disavow any responsibility for where the meal came from.
what long treasury position? I ain't got one. Some agencies and munis is all...the fed is going to buy all the issuance up
gold serves a couple of purposes. Sure, you can trade for other things with it. But, if the USD collapses, they'll just come up with another note, like they already HAVE in the past and like other countries all do when the present note crashes. Paper isn't going away.
But gold also has some advantages for when the inevitable "wealth tax" shows up. It will be comparatively easy to get all the IRAs and 401s and stock account brokers to provide balances for all customers. These companies already provide IRS with trade info, 1099s, cap gain and loss info, divs, etc. Really not hard to tack "account total" onto that on an annual basis. Then IRS can send you a bill for 1% or whatever. Gold and such things can be hard to find, art as well. The sticking point comes when you go to sell it, but you can defer taxation for a prolonged period of time.
tired of hearing about the gd'd mayans...you realize that this "civilization" peaked in like 1100 *AD*, right? The Babylonians were more advanced...sumerians, egyptians, and many millennia earlier
they're still waiting on the Gorshkov...after russia raised the price by 400%
the 30MKI is pretty India-heavy anyway; got some Israeli parts in there as well
uh...they had their hands full against Georgia.
Their fleet would be sunk quickly by our navy. Russia has NEVER been a top-tier naval power.
The strongest navies in the world are the USA (so far in front it's not even close) then Japan Even the Italians or Spanish, UK or Indians are more formidable than Russia. Naval power comes from operational experience, not ship quantities or the numbers of big guns on the decks. This is why China's navy is laughed at.
stop spamming this sh!t.
I live in the capital, fools...I will enjoy eating your crops!
never a more utterly wrong statement was uttered...peak oil spits in the face of this nonsense.
Flow rates don't care about price. Cantarell declined to oblivion during a massive price surge.
we need a significant improvement in batteries...either HTS or nuclear isomers are it, athough I guess fuel cells could but at the limit, they are energy-wasters of electrolysis-derived H2 or something. Gonna need a lot of electricity, nuclear fission in Gen 4 is about the only thing that fits any bill.
There is no growth in this scenario, so I guess according to Kroc, that means we're dead.
nah, there ain't, and this has been explained to you 50,000 times, bum.
Oil flows according to geological attributes of the ground it's in...it doesn't CARE what the price is that we apply to it.
You cannot turn shale into a 5mbpd resource like Ghawar is; the oil is physically DIFFERENT. It is higher-hanging fruit. Fruit further up the tree BY DEFINITION has different EROI
At least 60% of gun violence could be stopped tomorrow by banning black people.
I wonder if Biden has the balls to put that in his proposal. Maybe I should mail it over to WH.gov?
the debate will be framed by the media...we know which way they go.
That is how things went from war crimes to shrugs
teh goledz are ALWAYS redeemable for cash. The problems start happening when that isn't true. Things like gold and oil cannot go no-bid, but cash can.
a "majority of meth"...who cares?
Meth is a problem, sure, but the violence rate from meth is a FRACTION, even with whites' bein 70% of the country, of the violence issue that blacks are naturally.
The cotton gin was invented by a white guy...no clue what that's got to do with this, and it's 150 years old at that....jazz...collards...ZOMG, how could we live without that and dunking, rap music, and gaudy fashion?
Plus, if we banned whites, we'd lose things like electricity, modern medicine, refrigeration...and basically EVERYTHING ELSE EVER INVENTED. Hat tip to China for the compass and gunpowder.
Whites could do cocaine and not destroy the place; that's Canada. Ever wonder why Australia doesn't have blood diamonds?
how can they call those mortgages worth $64B?? Fantasy marks? They're probably worth closer to 0.
Huffington Post:"The Fed is required by law to keep inflation low and to maximize employment. But, according to Sen. Sheldon Whitehouse (D-R.I.), the Fed only seems interested in performing one of those tasks. High unemployment keeps wages down. Wage growth is seen by the Fed as a sign of inflation and something that should be kept down.
Before voting to confirm Bernanke, Whitehouse told HuffPost he wants to hear "[t]hat they're willing to take their eyes off an exclusive gaze on the welfare of Wall Street and start giving a red hot damn about the American public," said Whitehouse."
Are the deflationists like Douchinger listening yet?
Congress will CREATE your wage-price spiral if the Fed won't. Monetary policy is about to get POLITICAL. This was foreseen years ago and argued to the deflationists, by myself among others.
They will turn BB's controlled demolition of the dollar into an all out avalanche. BB is trying to inflate significantly in a controlled process, without igniting a stampede. He's bringing down the mountain a piece at a time. He wants a devaluation but not a cascade. Besides, the little people don't "deserve" to feed at the inflation trough that the banks gorge from. The bankers feel no need to let you participate in the fiesta
uh...gold production peaked in 2000.
Oil in 2005.
Production amounts of both have declined every year since, despite persistently high and even record high prices.
give it time, it will.
Every case of severe deflation has been met with devaluation; that IS the economists' single prescription.
You guys act like history never happened. Why is it so hard to let go of your faith in the dollar? Amazing that the people who daily complain about how irredeemably corrupt the US is are the biggest bulls in terms of its paper
damn, you fiat bulls are idiots.
Look around you, man. History happened.
In every case of currency crisis, gold trades for whatever paper is around. Argentina, Zimbabwe, USSR, Brazil, Mexico, anywhere.
It's not special; it only has value LIKE EVERYTHING ELSE because people assign it that.
Utility ONLY HAS VALUE because people desire to make use! If we suddenly decided that manufacturing shit and driving cars was not useful or something we collectively WANTED to do, OIL would have NO VALUE.
Guns and ammo are not rare and have never been a good trading philosophy for individuals
The DXY doesn't measure real value.
Gold's purpose is to have value in multiple forms of paper.
I marvel, seriously, MARVEL at those who are looking for an INCREASE in the true value of the dollar against the astounding and inarguable insolvency of the US.
Like everyone will IGNORE our inability to pay our own debts, while we warmonger all over the freakin globe just because we're *America*.
I mean, bullish on the notes of a bankrupt state...it's astonishing. The deflationists as led by Douchinger who himself spouts the theories of a TF poster named "NoThing" essentially daily call out the corruption of the USG, the runaway spending, yet are placing faith in its paper because of a metric like the DXY and chart reading. Against the backdrop of annual $1.5T deficits no less.
Well, NoThing said that the dollar would go from priceless to worthless in a short span of time; there will be NO GOLD or anything ELSE to buy when this occurs.
The fiat bulls ignored what happened during the deflation in 08, while gold fell to $750 but could not be purchased at the retail level for that, if at all.
So, what are you fiat bulls going to do when the dollar bubble peaks? Do you really think you'll be able to buy anything? You're going to what, buy some COMEX contracts and actually expect delivery?
yeah, I pretty much figured silverbugz drooled at that sound.
I prefer looking at a net worth statement that keeps going UP instead of down.
Silver is an INDUSTRIAL METAL.
you would buy a lump of dung if there were a "prognosticator" on ZH telling you to.
Silverbugz are the epitome of "dumb money"
got bad news for you...neither the Fed nor any other CB gives a f$ck about silver.
Who cares about silver? Industrial consumers.
Until silver production peaks and declines, you don't have a particularly solid bull case in this commodity absent significant monetary inflation against flat supply. Industry is, as constantly noted on ZH, in a state of freefall...where is the demand going to come from?
silverbugz getting absolutely BLOWTORCHED.
C'mon, this was a "can't miss buy" only 5 days ago!!!
so you are saying "hold"?
Because anyone who was saying buy on Monday was a fool.
Silver is for people who are too low-class to afford gold, like people who fly coach.
You can tell you're a silverbug when your ZH adsenses are toyotas...they're trying to sell me a Bentley.
nah, the bubble already popped when the breathless silverbugz doomer goons were screaming to "buy with both fists" when the price was at $49
I was a mfin surgeon with that thumper in MW3...could also teach them a thing or two about strategy, use of explosives, unit cohesion.
For that one mission with the honey badger on the residential street, in the first house, my deployment of claymores was so good we didn't have to fire a single shot- the mines and the M2 rocking the front door killed 100% of the guys storming the house. Yeah, the badger actually ran me over once because i am not that skilled an infantryman lol, but I did teach the teen a thing or two about tactics and strategy and the need for discipline and thinking before rushing into action. Fire support, firing angles, all these are thought processes, and the need to use your brain instead of storming in and depending on your trigger finger....and NEVER leaving your buddy.
All these people expecting imminent societal collapse and madmax should be out buying PS3s galore and forcing their kids to play.
if you said that 3rd paragraph out in the world in mixed company, you would get nearly unanimous AGREEMENT with your premise.
People watch CSI and NCIS and those are precisely the descriptions of all the sinister murdering criminals. Well, ok, some of them aren't young.
which movie? Machete, Lincoln, or Django.
JFC, just watch a few commercials and examine them in a forensic manner; the programming is OBVIOUS. Nevermind the spew that any gov-funded company has to put out.
my point is that you're not being rational.
Every mental health expert has some sort of tie to big pharma. If you "dig deep enough," you'd be surprised what you can find, you know, when you're hellbent on it.
we're already there..."this is my OPINION." IOW, it cannot be wrong if it's an opinion.
everyone expects instant affirmation for everything...Facebook Generation.
SEE??? Oil is both abiogenic AND limitless.
Someone help me out here...what's the expected PRODUCTION RATE of this massive reserve? Same as those lakes of methane on Titan, right?
rocket fuel!??! This is the DUMBEST proposal in history when a fission fragment drive would get us to Mars and back in a freaking week.
Why don't they take a bunch of twisted up rubber bands while they're at it? Freaking neandarthal chemical rocket technology LOL
well, silver might be in short supply but gullible silverbugz doomer goons waiting to become blowtorched bagholders are definitely NOT in short supply
LOL....you're just not "digging deep enough" to find what it is you want to find.
I love this "have had ties." Not even present tense any longer?
I repeat my assertion.
Oil is money then, too. Nations trade it for things. Notice that the CBs aren't increasing their silver reserves.
LFTR is far from production-ready...we're barely at supercritical water reactors.
Molten salt reactors along with fast breeders and we have functionally inexhaustible uranium fuel supply.
lots of isotope ratios, for that matter...but maybe the cosmic ray flux was higher when Nibiru was orbiting Uranus
LOL...after a year, you're still as stupid as when I left before
Still waiting for that "imminent parity" or was that the imminent evacuation of Tokyo...gosh, I will have to compile a top 10 list of your greatest faceplant busted predictions.
GO WORSHIP BALE LOL LOL LOL
I can't carry digital money in my pocket either, but it's still money.
And yeah you can bribe a border guard with oil, easily. Happens all the time, hell you can bribe the fkin UN with it.
And, yes, nations trade it directly; that's where most oil goes.
When you DEFINE gold as "money" in the absolute, you just expose yourselves as fools.
shameless pumping to create a 2013 crop of silverbugz bagholders to blowtorch and harvest.
I remember when silver was going to "$50 by next week" and "39 by the end of this week" and buybuybuy with both fists and don't ask questions JUST BUY SILVER NOW. With cartoon bears and all of that shit.
Anybody who followed that advice lost massive stacks.
Wall Street and Traders are the problem. As are banks.
Each of them produces NOTHING OF VALUE.
Speculation is money for nothing. Trading is money for nothing. Usury is money for nothing. These are all antithetical to functioning societies and invariably end up in tears.
Our private banks have exclusive control over the power to create money and they do so for a fee! Every dollar in existence earns a coupon to some banker. And banks get to lend money they never even had and then earn interest on it.
I really marvel at the trader crowd who gets pissed off at the "manipulation" that costs them money. Look, do something productive, give up speculating. The speculators want to TA their way to paper riches and then buy up all the real things in the crash.
How the hell is this different from what a bank does by lending at interest "capital" it never possessed and using inflation and deflation to end up owning everything? This country wasn't built on freaking speculation and hedge fund crap. That was the UK and we revolted from it. We were a production nation on a gold standard.
No sooner did we let the banker clan infest our nation than did we collapse and become a host for parasites.
There is nothing inherently wrong with a fiat currency.
The problem is giving the monetary power over to BANKS who lend those fiat notes at INTEREST. This is what creates the compounding growth problem.
Economics is NOT a science; it is a set of assumptions, including that lower rates or more money can *always* cause more growth, that demand causes supply, etc.
Peak Oil pisses in the FACE of economics. There is NO monetary measure which will reverse a physical condition such as this. Interest rate regimes CANNOT affect EROI or net BOE output. These are matters of geology and the real world.
One of the principal problems with economics is that it is used to justify banking and usury. These institutions create NOTHING. They are parasitical in nature.
Economics does not pay attention to the real world. The infiniteness of the system's growth capability is assumed.
At what point did ANY macroeconomic theory "anticipate" something like an oil or helium production peak? No, it was the opposite, that the sudden drop in supply against rising demand would somehow always cause someone using sufficiently stimulative interest rates to go out and find more supply to fill the demand.
Economics is a pseudoscience, nothing less and nothing more.
We are now in a conundrum where the monetary base needs to grow but the real economy cannot and will not. Consequently, there is little demand for money except for leveraged speculation. Interest rates will not rise as some expect except in the case of individual countries, because interest rates have to roughly match the profitability of economic behavior in the aggregate.
As EROI slides to unity and we see nothing but debt as far as the eye can see, who would want to borrow? Governments will self-fund by speculative borrowing from banks and the CBs to buy the sovereign issues, making a nominal spread against a mountain of leverage. Then they will try to translate these paper profits into real things. This is why prices keep creeping upwards, because the quadrillions of leverage in the system seep out into the economy despite depression conditions in the form of banker and leveraged speculator profits.
expect a sovereign default then
love to see our paper rally into $1.5T annual deficits
Wonderful Life has been on a billion times, wtf are you talking about?
Anyway, anyone expecting a liberal to EVER accept reality simply hasn't been paying attention for the last 50 years...at what point has the left acknowledged reality and/or the failure of their policies?
They never even vote against their own party.
there's a struggle within the GOP. There are two factions now, the actual conservativish ron paul style wing, teaparty, etc., and the GOP that wants to be Democrats.
Remember, the GOP House voted DOWN TARP.
This mirrors the growing divide between the blue and red sections of the USA. If you look at any electoral county-by-county map, you can clearly see the problem and it is only worsening.
Demagogues in cities are using their population advantages to screw 99% of the rest of their jurisdictions. This is because cities, despite the malarky about "GDP" (cities are heavily SERVICES, NOT PRODUCTION) are net drains of resources.
Think about that most reliable blue city, NYC (or DC). Think about how much fresh water gets sucked in and how much trash and sewage go out. The rest of the state has to subsidize NYC and in response, the population advantage the city has up and VOTES to abscond with the water and send back trash and sewage. It doesn't matter what real thing it is. NYC doesn't power itself, water itself, feed itself. It merely VOTES that someone else do so.
You have seen the same thing a little more starkly in places like NV, where Vegas used its population majority to vote itself the water upstate that ranchers and growers (on their own land) thought they should use for ranching and growing. And, in doing so, they shut production down.
But who cares, right? Someone ELSE will just feed us, sayeth the cities. With vast tracts of Section 8, there is a giant voting bloc, in NYC up to 30% of the population, that has no clue where ANYTHING comes from; they are a cargo cult. Pulling a voting lever to them = getting stuff.
California is a study in population bullying neighboring states as well...CA can't even keep their own lights on; the voters have SPOKEN and they expect electricity but without power plants. Liberalism is a form of insanity, seriously...a mental illness.
no plan will go through without this portion of the GOP signing on.
If the democraps think that this will help them in coming elections; they're fools...it's only going to make this wing stronger. There is no mandate; the power structure doesn't seem to smell what's coming.
take a look at the county maps of red/blue. It's been 50 YEARS of this plan, through immigration's importing of another reliable bloc vote to go with blacks'. The black population was simply insufficient to support a permanent Demoncrapification of government. So, they brought in some people a couple shades lighter but still reliably counted upon to support at the 70%ish bloc rate. Aligned with marxist yankees and the freak crowd and hippies, you have the bare majority they wanted.
They cannot dominate state-by-state in legislatures and whatnot, because those have bicameralism at the State level where the red/blue county maps dictate a red-leaning state governance in most cases. But they can most definitely lean electors nationally blue especially when there is a billion $ to support busing and other "rock the vote" measures.
The GOP is the white party...it's the party of the America that USED to be, combined in some interests with the neocons who worship war. Ron Paul was the MOST anti-war candidate, yet he was called alternately to the right of Attila the Hun and the Left of Lenin depending upon who you asked. This is the true conservative wing...there are a lot of people who don't want to live in warfreaktopia that the cons and the libs seem to think is Eden.
yeah, that could work or the obamacare bill maybe.
Kids getting down to shield themselves won't work if they just stay put. The real tragedy in all of this stuff is that the schools and the gov aren't telling the truth. They lied to kids in the 50s about nukes, just jump under your desk...LOL. At least in the 80s we didn't have to pretend to respect that nonsense.
Getting OUT of the school during a shooter attack is your #1 priority if you want to survive. What did adults do in the mall shootings or in Aurora? They RAN. Those who escaped survived; it's as simple as that- anyone who did not escape only survived if the shooter ran out of bullets or will. You want to give your kids something useful, buy them a glass breaking tool for shattering tempered glass. This backpack is just feeding stupidity.
ROTFL, sure you do...hahahahaha
Like Tottenham, huh? UK is the violent crime capital of Europe and has a worse violent crime rate than the USA.
You limeys are a bunch of spineless wankers...we literally LAUGH at you. You are despised by your own women because you are useless wankers.
They didn't show the face of those riots on US TV. RT did. It was rather striking, kinda looked just like a riot here.
The causes of crime are the same pretty much the world over. It's a dark secret hiding in plain sight.
huh? Do you people who talk this nonsense ever look at our crime stats?
85% of it is by 2 groups of people, with 55%ish by ONE group. These dark secrets are hiding in plain sight. How many times do I have to tell you this?
lol yeah right sure he was...did you read the article where he put it to the heads of his classmates and said he was gonna kill them?
classrooms have windows...this is so light can get in them. but a side effect is that you can get OUT of them as well. You know, bc glass breaks. I am apparently the ONLY person who can ever come up with this simple stuff. 911? Lock the door of the cockpit. School shooter? Jump out the freakin window, find something to break the glass if they don't open.
I mean what would they do if the hallway were on fire? Crouch in the corner?
if they want to bubble something, they are going to have to prod banks to buying munis, meaning local and state gov's can borrow to fund whatever...they will decentralize stimulus.
there is too much cash, not enough real yield
they've fed them well enough to get to 1.2B of them, didn't they?
India is deer on an island.
it was all there, wasn't it??
I mean, do you really think they go in there and move these things around in order to ensure all of yours is in one tidy little place? "It's on the computer, gold is gold."
so the question still becomes are we gonna plan for the eventual and inevitable peak and decline of NG production, or are we gonna just whistle past the graveyard again?
Gonna hafta stop spending our money on war weapons which yield nothing for society except more war, and divert to HTS and Gen 4 reactors like LFR and SCWR.
The biggest obstacle facing us right now for preserving Happy Motoring is the lack of a decent battery.
this was the plan of the political left when the Js brought communism into the US during the industrial age. Eventual replacement of all values, total change of the entire moral system, everything. It's always been about total systemic revolution and transformation from top to bottom.
The left political class really kicked this in the backside with the open doors immigration policies...they abandoned the importation of those who might go 50/50 blue/red and went straight for those who could reliably elect THEM and only THEM over and over again, no matter how much they stole. Look at cities like Detroilet or DC, as they INSISTED on corruption at the top, hey go to jail, get out, and we will elect you again! That type of reliable bloc vote is on the blue team now.
And they encouraged population growth in their demographics and made more costly population growth in their opponents'. The useful idiots helped them all the way. Now the blue team revels in its counterculturalness...and it has made open its desire to get rid of all of the 'evil' things that plagued the history of the nation and fundamentally transform it into something "fairer"=more beneficial for them, regardless of merit.
murders by demographic that consitutes maybe 3% of the population: 54%
listen as the left trumpets with glee the eventual minoritization of the demographic that BUILT this country...there is no heritage of things like magna cartas and human rights and all of that from who is replacing them. WTH do they expect is gonna happen...are these useful idiots THAT idiotic? I guess so.
While the magna carta was being signed, the natives here were cutting out hearts to sacrifice to random gods.
and if by that you mean French cyclists and german soldiers, then I guess I agree
so you want a divorce but you don't want a divorce?
The useless want you to work for them and they are willing to use violence to compel you. Divorce is coming whether you want it or not.
gold standard is a dumb idea. There's no reason gold should get a Real Bill and coal shouldn't, or any other real thing. Let Real Bills be what are traded as paper
the democraps will never split...they are lockstep with each other, PARTY COMRADE right or wrong.
What this shows is that the country is no longer a country. Years of multicult and the massive divergence in just core values between the yankees and the left versus the conservative white population means that we need secession/partition.
well, there's never a bad time to take political opportunity of this...the 47%ers cannot do basic math and WILL believe that reality is somehow cheating them.
what the fuck?
An individual case says NOTHING about a general one, moron.
The existence of an exception does not invalidate a general premise.
the fucking WORLD is going into recession.
Barely a few of the nitwits on this site have come to grips yet with the fact that it's OVER. GROWTH IS OVER.
There isn't the oil supply growth to propel it.
+1E26 (a zimbabwe dollar)
A knock-on side effect is that the interest demands REQUIRE you to find another person to borrow money at interest to pay YOUR interest, and for him to find yet more people to borrow. That mandates aggregate growth at an exponential rate. It is interest (his repayment) on top of interest (your repayment). As the monetary system grows, you end up with a pyramid of interest upon interest.
If growth stops, the interest needs of the repayment begin to eat the money supply, the deflative collapse.
This is why 2 major religions derogate interest lending. A system where transactional money cannot come into existence except by borrowing it at interest has an inevitable conclusion that the bankers end up owning everything in a deflationary collapse.
Result: war and genocide. People associated with "banking" get run out of countries and worse. When you study historical precursors to 1940s Germany and read how Weimar notes were dismissed as valueless "jew confetti" by producers in Bavaria, it becomes easy to see how demagoguery on a grand scale can be facilitated.
400kbpd going offline here and there is a significant amount, like half a percent of global production. If there's any rebound in consumption - and it's tough to tell what the consumption figures are - then this can push the world into supply deficit all by itself. Nigeria is subject to the same types of disruptions.
Meanwhile, mature producing fields continue to decline, Burgan, Ghawar, Cantarell. The world's hope right now rests on a steep increase in Iraqi production, but one must really anticipate that if they ramp the production up so sharply, that the field's production lifespan will be much shorter. That's the trend in terms of oil extraction "efficiency," the grail that the PO ignorers rest upon to save us. Oh we'll improve efficiency of extraction and that will get us more oil. No - it merely lets the producers get the oil out faster, basically like sucking with a bigger straw. The side effect is that the field hits a production plateau far earlier and then maintains that peak for 7 or so years and then production absolutely crashes. Trapezoidal-shaped production curves are the norm now, for all fields that went into production in the 70s onward.
We've seen 30% YoY production declines on Cantarell, 15% on Prudhoe, similar for the North Sea. These decline rates are far steeper than the old methods that were employed for the 50s and earlier vintage fields.
Iraq is the last of the supergiant surface fields.
this is almost enough to make you wonder if the ethnic clan that dominates finance is the same that dominates in media and that there isn't some sort of nepotism going on.
maybe they think they can theoretically get to 12mbpd in 5 years. That will require nirvana to break out in Iraq.
Same as in 08, when spot dove but physical became unobtanium.
I believe that some major banks, most notably JPM, are heavily net short (as was LEH) and they are threatened by the rise in price. They want to insure that COMEX cannot be busted out; it's probably teetering as we speak.
The day LEH imploded, they had to cover their shorts and spot gold rose like $80. If they can shake out some margined longs, the bigger banks can cannibalize their positions as GS did to Amaranth on gasoline.
COMEX does not want everyone taking physical delivery, so there is a concerted effort to put these contracts OTM.
answer me how we roll our paper next year.
If the US is going to suddenly become fiscally solvent, then the dollar may remain strong as the POG in other currencies continues to escalate. There's not a major nation out there that isn't fundamentally insolvent.
A strengthening dollar implies deflation and the prescription then is devaluation by the government.
good lord, this is astonishingly stupid.
56/65 oil producing nations are in production decline.
That means they PEAKED.
gold doesn't produce a fucking yield.
land? WTF, it doesn't yield shit either. Not land here anyway.
not blacks...their percent share is flat. Hispanics have been the ones that have grown.
And in terms of UE rate, you can see some broad discontinuities in those across demographic lines.
There aren't enough blacks and hispanics to fund white retirements...they are only 25% now. Assuming they become a majority, they're gonna roll that shit back using political power. Bank on it. Or they will just Mugabe their way to eliminating it. But whichever, it will be the hispanics that do so, not blacks.
There is nothing wrong with having a nation of like people doing things their own way. I would recommend that if you believe in this coming demographic wave, you should plan to get the fuck out. Unless you like how things work in central america.
why would they confiscate gold? I just can't see that being more effective than a wealth tax on all those accounts sitting out there.
there is the 47% right now who have no net worth who would totally be ALL IN FAVOR of a wealth tax to fuck those rich people who, in the narrative, stole all their wealth from the poor...somehow. Because, like, they did, ok? Nevermind that the poor never had anything to steal and they spend every dime they take in and never save, it's the evil rich who stole it from THEM, and so it's high time to fuck them back.
LOL...the "muh dick" response? WOW...that's so highly original.
WTF does the 40s have to do with now? We've had 50 years of affirmative action and it hasn't closed a single one of the race gaps. It's just made idiots like you even more stupid and some other people I guess finally had to wake up and acknowledge that asians tend to do better at math. Besides, why the fuck is it anyone's responsibility to hire fucking blacks!??! Why don't they hire each other? Why don't they start their OWN businesses and manage their own countries where they've had sole political power for in some cases (Haiti) centuries?
but, really, keep those racial stereotypes coming, man, I can always use a laugh. Women don't hate me, especially black women...they loves me. LOL. It's a total hoot in fact.
they feel guilty about what is obvious. Instead of doing something to try to remediate, they throw money at it and try to sacrifice other whites on the altar of their guilt. Passover syndrome.
Doesn't ANYONE marvel at how say oriental people who actually went to africa and did bring back some slaves, and who are the #1 ranked ethnic group other than ashkenazis, and who suffered from scriminations and all of that too, never seem to have an ounce of guilt over that nature dealt them a bonzer set of genetic cards?
Asians in "racist USA" do better than whites...same is true in Peru and Brazil. They are right under 1% of the pop in brazil yet 27% of the USP enrollment. And these are people who got put into camps here, denied the right to vote, etc.
so you fucking PUNT?
What a TOTAL piece of shit you are.
Groups ARE NOT individuals, IDIOT. In places where SIGNIFICANT numbers of individuals from a particular CLASS are, the attributes of the CLASS matter. It's a simple issue of POPULATION DYNAMICS.
You are too fucking chickenshit to come out from under the umbrella of social approval. Yeah, let individuals deal with it...that's been working BONZER so far, hasn't it?
Either WE CHOOSE or NATURE WILL. You gonna fuckin argue with Bartlett now, too? I said "LOW IQ." I did not say RACE.
Stupid motherfucker. The reason you hate me is because I expose you for what you are: vacuous.
at this point, I have to ask: are you insane?
the thing that I marvel at with you people is the depths of your inability to accept rational facts and the necessary consequences of simple truths.
The US kills brown people...and??!? We bombed fucking SERBIA too, IDIOT. We kill everyone.
You hate birth control, too? WTF? Do you idiots HONESTLY think we can GROW FOREVER? That somehow this cult of the "individual" and your asinine worship of "libertarianism" has an INFINITE lifespan?
the math is CERTAIN and nature doesn't give a FUCK about what you or the other idiot think or want.
There are two outcomes here: one is that eventually, through the stupidity of people like you, the populations that DO NOT HAVE the necessary genetics to sustain civilization will eventually dominate or else those who do will have to combine to act. Pick which one you want.
Or keep whistling past the graveyard; I really don't give a shit.
nobody was stopping you from being in CT that day, idiot. Where the fuck were you?
because the gov has redefined obesity. And it's quite expensive.
Most people are fat. Very FEW are in shape or thin. In humans, I would concede, especially among asians, that obesity has been mitigated by considerable periods of relative abundance, owing to our intelligence and to those populations that have good future time orientation.
nah...icelanders hang onto icelandic. You just need a healthy amount of nationalism.
why don't you just say "black people" if you mean black people?
If you include hispanics, it would be probably an 85% drop. In some cities, it'd be damn near 100%. In NYC for example, these two groups commit 90% of the homicides (blacks 68%ish) and 96% of the shootings. In Chicago it is almost 100% of each.
Seriously, murder would dry almost completely up in this country if blacks and hispanics were banned.
yeah; Obama is clueless if he thinks he has the mandate to make this happen.
the blame game works until it doesn't and 2 years from now is a long time.
the gov can't balance the budget. If it does the monetary system will collapse.
The big agony for people with giant AUM like Gross is where the fk do I put all this money to earn any yield?
there's already a shortage of quality bonds. The Fed has already effectively ORDERED them to deficit at the rate of QE. If they underachieve that, there will be...trouble.
I think there's a large segment of the GOP tired of being hectored all the time by such an incompetent
his behavior in office, and especially his wife's has been, let's say...typical of the demographic
I have to ask you guys, all of you "rationals"...why the fuck do you act like this is some kind of math problem?
It's NOT. The budget CANNOT and is not EVER meant to balance! The fucking 400-year history of the BOE proves that. The system CANNOT balance.
It's goddamned imaginary money, ok? It's NOT a math problem. It's a confidence racket. We are ALREADY bankrupt...mathematically bankrupt. Everyone knows. Yet, I'm about to go to 3rd world places where our USD is the currency used.
I understand that it defies your belief, but it is what it is. This money we use is a fiction; it's not real. It's just sort of based on reality.
The money will never be paid back in anything we would realize as having the same value as it does now. Simple as that. The game plays on.
I say run this fucker to the max, put as much in my pockets as possible...demographically, morally, everything-ly, the USA as presently constituted has been...DESTROYED. And it cannot be saved. You cannot evict the 25% 3rd world demographic and "restore America." the birth rate projections show a white minority in the 2050 timeframe...nevermind globally where whites have dwindled to a tiny minority. You really think the hordes of Africans and hispanics are going to carry on the exclusively white traditions that built this nation, the law and morality and ethics, and all the other things whites invented? If you do, you're insane and should just STFU. Their nations are like they are because of them and nobody else.
whites and ALL of the trappings of white culture, the music, architecture, art, law, philosophy, etc., are declining and being replaced by aspects of other cultures. It's simple population dynamics. The notion that these things that whites call "rights" are universally shared is ABSURD.
he is correct though...the monetary base must grow or it will implode.
Why do you think Bernank is doing 85B/mo?
you jus' beez rayciss. that's what the HP commenters tell me when I talk about his being on vacation like this.
All those black mens BUILT america and sheeit, so here's one getting something back for all the hard work over the centuries. And they are happy to live vicariously through the chief and hope he kicks some their way. That's how african governance works, ok?
Yeah, I know, in all those pictures of people doing high rise construction, not one black face, never seen one of them holding any complex tools really, digging ditches, hoover dam, power lines, but I digress...you just beez rayciss
big ass skrimps and white men suckin his dick...he in heaven. that's the merican dream nigga...well ain't it?
this is the negro ideal of having "arrived." It's always about lounging and recreating. No concept of actual work to build things. Being rich = spending money lavishly and ostentatiously like Mustafa Mansa or something, makin it rain and all o' that. When you don't actually have any real competence and can't actually build anything, all you have is peacocking.
i love how you idiots constantly bleat this "sensible" shit, when your proposals are nothing of the kind or else are what we ALREADY have.
incentivize lowering birth rates for low IQ persons regardless of race, the opposite for high IQ. Throw in some fudge factor for psychopathy or other personality disorder
My observations were not collectivist, btw, moron. They were simply statements of fact.
are you some kind of ogre?
But, seriously, what the fuck exactly is wrong with you people? I mean, really...there is NO DISPUTE for the facts I state, yet you cannot bring yourselves to even consider them.
You will INSIST to your death that we are ALL the same despite the mountains of evidence to the contrary.
And you have the gall to call all those MSM watching lemmings out there, "sheep"? ROTFL.
yeah, um, this is such a stretch as to be incomprehensible, especially given that there are surviving witnesses to the attack.
Evolutionary biology...food wasn't always in abundance and behaviors, which are largely genetic, have not updated to match.
note that asians anywhere tend to be thin...they evolved these behaviors largely out. The further down the civilization totem pole you go, the higher the obesity rates.
an african for most of its history had to gorge itself any chance it got, because food simply isn't abundant, especially for children there given the reproductive strategy.
Famines do switch genes on and off- this is epigenetics.
you people should really start studying demographics.
There is no single statement that holds for all groups in the USA. break the obesity rates down by demographics such as ethnicity or race and see what jumps out.
Your biases show through pretty clearly on what you think a "fat southerner" looks like.
http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5827a2.htm this is nationally...in some of these high obesity areas, a large majority of black women are at least overweight, even having redefined that term to be more flattering than the same metric 50 years ago.
horseshit it is fucking CULTURE.
Just man the FUCK UP already and admit what it really is, instead of being a fuckin PUSSY afraid to get called a RAYCISS.
Culture comes from genetics. PERIOD. There is no other goddamned source of how populations behave. Genetics DEFINES attributes and attributes DEFINE culture.
You keep calling it culture and people will say oh well we will spend ANOTHER few trillion on "education" and "outreach" attempts to change culture...here we are motherfuckers, after what, 50 years of this shit? The gaps are STILL THERE. They haven't budged a goddamned INCH. At what point are you geniuses going to admit what should have been obvious the first time you encountered any real diversity?
utterly, motherfuckingly WRONG.
ANY animal will get fat if it has the chance.
You simply fail to comprehend how evolutionary biology works. Animals that DID NOT GORGE died and so did their offspring. This is selective pressure AGAINST that trait.
Animals eat until they can barely walk, for fuck's sake. Vultures gorge so much they cannot take off. That's because meals in nature might take awhile to get the next one. So you eat as much as possible EVERY TIME, planning for scarcity.
Fuck man, some animals don't eat for MONTHS; they evolved hibernation to lower caloric expenditure just to be able to SURVIVE the winter.
WTF kinda nonsense is it with you people? MOST behaviors are biological in origin, genetic.
Obesity is a result of people acting the way millions of years of evolution have PROGRAMMED MAMMALS to.
penalties ONLY deter crime in the civilized.
Our murder problem is NOT among the civilized, it is among people who have very little impulse control and exceedingly poor future time orientation.
ok, fuckhead....now it's YOUR fucking turn, bitch.
What is YOUR solution?
Oh, you don't have one? Or are you going to pretend another few trillion of "education" and playing pretend is going to "solve" a problem that NATURE gave us?
You are a fucking piece of shit. I advocate death camps for the likes of you.
Confucius say, onry dumbshit not now how asperr Sun Tzu and tark about aChina...him trury brind
Confucius say, lound eye velly easiry confused by facade of city rike aShanghai and B'jing...aChina have one birrion peasants no have nofing
why bail them out?
They will bail out their favored interests but tell the Western conglomerates to go fuck just like Aramco subtracted the "am" with the heavy hand of the Saudi government.
This type of shit used to be arbitrated by ships and guns. Nations did not shit on other nations' creditors or else they got armed invasion.
lotta fiat bulls don't seem to realize that the .gov can take your FRNs a lot easier.
In fact, they can take eFRNs with merely a mandate from on high.
One day, you think you have "money in the bank" and a 401(k) and next day the .gov says gibs me dat.
They could also do away with FRNs that you'd been hoarding. By fiat, render them illegal tender. Priceless dollar crowd may wanna consider this during scheming over how they're going to short to 0 and buy everything up after the "deflation" with all their hoarded cash.
gold and oil both peaked this decade, 2000, and 2005 respectively.
Yes, I know that all liquids made a higher nominal production high in 2008 (in spite of the supposed demand collapse and imaginary oil tanker fleets) but C&C peaked in 2005 and has shown no signs of testing that figure.
Against increased supply of money and decreasing supply of the commodity, price increases would seem to be obvious.
any .99xx coin is too soft. Nothing carries like a krugerrand, but as these things have become wealth storage means, a lot of interest has been driven into pure instead of crown.
Pocket carry of a 1oz is not a likely thing and the eagles seem to dominate the sub-1 market
have to see what caused the last bear market in gold.
it wasn't chart dynamics, it was the reagan growth era. Now that point of recognition is achieved that growth stops here, in the form of multiple commodities production peaks, and the US's "growth miracle" is seen to be all unpayable debts, the dynamics are different.
WTF is going to come along that changes us back to 1982?
Stop paying attention to fucking random lines on charts and start looking at fundamentals.
The heydey of this country was when we were a PRODUCER nation where the executives made a 25x multiple of the workers.
The unions' purpose was to ensure wage flatness, and companies paid dividends.
Then, FIRE took over. Ponzis. Now the bankers and execs and union bosses ALL GET PAID from the inflation trough to screw everybody below them.
Management has hijacked EVERY SINGLE institution for their own personal ends.
And ownership let them because of the ponzi share price growth. The unions got bought off, everyone at the top got drunk off the cheap credit and being at the highest levels of the pyramid schemes.
The pensions and mooch funds should have forced the CEOs to disgorge those profits to the shareholders instead of into their own pockets. Who here owns a business and lets their managers decide to pay themselves all the profits while passing nothing onto ownership except some kind of "book value" bullshit that has twice turned out to be a complete fiction?
wow...pointing out the TRUTH about crime demographics is racism?
fuck, you are just ... stupid.
Why is it that you "freethinkers" cannot see how conditioned you are? This shit is STRAIGHT out of Orwell! They have REDEFINED portions of the TRUTH as RACISM and you avoid them assiduously. War really is peace, I guess.
Low IQ comes in you, I can tell that much.
There are different distribution curves of IQ for every race. I have said that, oh..only about 10000 times.
Low IQ comes much more frequently in brown races. Just the cards nature dealt.
It's useless effing idiots like you that make these problems insoluble because you cannot figure out what CAUSES poverty in the first place.
The same things cause poverty as cause crime.
This ought to have been obvious to all of you superbright "freethinkers" around here. But it's not because you don't want it to be. You INSIST on believing in FAIRY TALES.
You ACTUALLY believe that violent homicide is explicable as a matter of net worth? How about RAPE? You think that a woman in africa is more likely to be raped than graduate high school because of...poverty?
This is why idiots like you throw trillions of dollars into solving something nature didn't want solved...stupidity.
The notes of a bankrupt state are "quality"? WTH?
The Fed has been buying treasuries to make up for lack of support for years. I mean, jeez, people, don't you guys watch TIC flows or NFP data?
China and Japan have been in no-net for quite some time now, yet we're still able to roll trillions in new debt via "Caribbean banks." There are writers on goldbug sites like kitco who've been pointing this out since 2006.
The FOMC's historical purpose has been to sop up issuance to prevent auction fails.
Yes, they will lend to the PDs at near-zero so that they can buy Treasuries with that money. They will call that balance-sheet-neutral lending while for all intents and purposes, it is a circle jerk.
The Fed functions like Enron.
yeah, but how good was the "real" world in that movie? It sucked.
A bunch of people fighting for the right to live a useless life buried under the earth. Wonder how they staved off rickets.
Cipher had it right.
I have been hammering on this meme for some time here on ZH and elsewhere.
The real economy has peaked. The interest owed on the money lent in the aggregate will begin to consume the productive cash flow in the economy.
Economic activity and EROI are sliding toward unity. Consequently, the only returns to be had are with insane leverage.
Nobody wants to borrow and nobody wants to lend because BOTH see the same future - one of contraction. Lending in the aggregate into a contractive future makes no business sense because your interest claims will compete with all the preexisting interest claims for their share of a declining real production base.
Yields HAVE to decline into a business cycle because real profitability is decreasing.
I marvel that anybody is surprised that a bankrupt State facing $80T worth of unfunded liabilities had to resort to BS to support its debt markets.
I mean, c'mon...do you really believe that there is enough real capital in the world to support this crap?
As for China, it's not just on our side; they have overbuilt and their industries are not profitable. The world hit a point of inflection in the mid 2000s. It doesn't matter how much we buy from China if their intrinsic business model cannot produce a profit! They will necessarily have less to recycle into Treasuries.
All the accounting bullshit in the world CANNOT turn a nonprofitable activity into a profitable one!
Let's do a thought experiment on this. A classic case of uneconomic behavior would be pumping water uphill to get the energy out of it coming down. It's clear that this must lose energy, thus be unprofitable. So, let's say that the Fed or gov pays you a subsidy to do this. So YOU are nominally profitable but somebody ELSE has to suffer a loss in order to accomplish that!
We must start looking at aggregate economics as a heat model or thermodynamic problem instead of the laughable Jr. High mathematics of the magnum opuses like the QTM.
Right now the entirety of growth and western economics is running on faith. If you take the time to understand peak oil and its ramifications, you will begin to see the fundamental problem. Economic growth tracks energy supply growth. That's because doing things, i.e., work, requires energy which engineers and physicists actually CALL "work." Nobody in a university calls energy "energy," it is always WORK. Force x distance. The rate at which you can do work is called power, the derivative of work over time. The rate of supply of energy is effectively power...if energy supply rates go down, maximum power goes down. That means things slow, less doing gets done.
This is the future staring us in the face, one of declining returns on investment, declining power, contraction. A future where new interest claims will compete with existing ones for a share of a SCARCER future. Can you jack up yields? NO. Because that just increases the stress on the system.
Imagine a system where all economic activity is in the production of one thing, widgets. And all monetary formation is a loan against and for the production of widgets. It's CLEAR that the interest claims by a loan today can only be paid back in the real world with a growth in widget production. Now, what if widget production is going to decline...who would in their right mind lend? Today's existing interest claims create a repayment need exceeding the future number of widgets.
If you assume simple interest at 5%, and every widget is a dollar, you borrow $100, you owe 105 widgets at the end of the year. If production of these things is decreasing because an essential input to widgets has gone into supply decline, then you can only get your 105 by cannibalizing someone else's production, which means that THEY cannot repay. If the aggregate system requires this 5% growth rate which cannot be met, the ENTIRE SYSTEM is in immediate systemic default.
This is the problem with debt and compounding against a finite real system.
All depends upon the steepness of the decline curve.
Every bit of production data I'm seeing at TOD is suggesting a material C&C peak in 2005 with an all-liquids peak in 2008.
If we fall sharply, this will get incredibly ugly in a real hurry.
The fiat bulls may not have understood that these ghost tanker fleets they claim are storing oil are doing so in anticipation of something. Nothing I have seen anywhere suggests other than that production has fallen off the peak plateau. Oil may go into backwardation as a result.
Here's an analysis from TOD: http://www.theoildrum.com/node/5979
huh wtf? Eastern breakthroughs in science and math? Like what?
The transistor? Calculus? The laser? The microprocessor? Aluminum? The radio? The light bulb?
Every breakthrough was western not eastern. Any notion to the contrary is utter bullshit
look at the major assumptions in that post - there's no hope until people can accept that GLOBAL GROWTH HAS CEASED.
There isn't going to BE any global growth so long as energy supply declines.
The economists and planners cannot get their heads around that this is not some "cyclical" trend. It's really a significant epoch.
There ISN'T ENOUGH oil for the Chinese "consumer" to consume like we do! This is simply inarguable. We'd need 5 or 6 more Ghawars just to manage the supply needs of that.
The economists and forecasters simply cannot wrap their heads around this and let go of the notion of growth being the answer for everything. We cannot freaking grow forever...when does the discussion occur as to when growth must naturally end because we live in a finite system? These morons actually seem to believe that we'll just find the energy to power per-capita consumption needed for the "developing world" to grow and consume like the west.
12mbpd: believe when seen.
at the rate existing fields are depleting, even dropping that full amount onto the market will not establish a new production high
all-liquids is declining since July 2008, C&C since 2005. Alt.fuels are EROI suckass.
The production data on C&C is better because we have over 4 years of it now since the production peak in 2005.
Matt Simmons knew about Iraq's reserves estimates.
12mbpd is at current a pipe dream.
Again, I say that at the rate existing fields are depleting, even dumping the FULL 12mbpd onto the supply on the timeframe they claim, we will still not make a new production high.
I dunno about the nominal price of oil, $200 or whatever...against a declining dollar, this is possible.
people also need to understand depletion...any easy way is to compare the number of fields >1mbpd 10 or 20 years ago versus now.
The North Sea, North Slope, Cantarell, etc...all fields that used to produce >1mbpd that are now below 500kbpd. In the case of Cantarell, it went from the 2mbpd+ range to 500kbpd in a matter of a few years. Depletion at that field ALONE subtracted 2% of world oil production.
Wiki has a page on large oil fields which shows depletion rates. Prudhoe, Burgan, etc...double digit YoY decline rates. These are significantly steeper than forecast.
Also, the time-to-peak and decline rates are far worse for more recent discoveries and for deepwater fields irrespective of stated URR.
blacks commit more crimes.
Unless you expect everyone to believe that the next of kin of a murder victim would rather see an innocent black man get punished than the ACTUAL PERPETRATOR, assuming they know who it was.
Also, almost all witnesses to crimes must be lying too...as they point the finger at black men instead of those actually responsible.
As blacks statistically commit >50% of the rapes, it is clear too that rape victims are lying and accusing black men, so deep is their racism that they'd rather see a black man go to prison than the PERSON WHO ACTUALLY RAPED THEM.
People who were robbed, likewise. They'd rather point the finger at a black man than the actual robber. As blacks are highly likely to be victimized by crime, it is somewhat paradoxical that THEY TOO finger black men when in actuality it was I guess a white man that did it.
Do us a favor: buy a fucking clue.
Same thing I have been saying. Fusion or bust.
We're at the end of the growth phase of industrial economics until a new, growable source of energy is discovered.
This one has to be as big as coal vs oil or wood vs coal. Aka, completely new. Stopgaps like fission or solar panels do not cut it.
If we were to invent voltaics with insane efficiencies and high EROIs, that could suffice, but there is still the scalability issues along with the need for growth (aka, more sun)
Total ROTFLz on this.
Calculus developed in South India...WTF? Differential calculus was invented by Isaac Newton.
I mean, let's click down the list of the significant breakthroughs in science and technology in the last 200 years. Please, let's.
The transistor was invented at AT&T Bell Labs. Go down the list of everything you use on a daily basis, the refrigerator, electric power, lighting. Michael Faraday, Fourier, Newton, Edison, the Wright Brothers, Rutherford, Curie...there are too many to list.
What is revisionist bullshit is crediting those NOT RESPONSIBLE for the invention of things merely because we do not like the lack of diversity in the history books.
The white man's flag is on the moon.
Go fucking watch Avatar again or something; I'm through with this delusional bullshit. Like somehow the invention of the zero trumps the ENTIRE freaking contribution of Greece and Rome. The islamic standard bearers were turks and persians; take a look at a damned map if you cannot figure out what part of the world that is.
Putin and Hitler are the inevitable end-state that face the banker class. The king versus the goldsmiths, you bet on the king.
Our banks have but one power - the dollar. If the dollar loses confidence, they are powerless.
Right now the major countries are trying to figure out a way to get out of Dollar, Inc.
yes but we owe all of that to the hindus and muslims and chinese.
The strange paradox of history is why all the airplanes and computers were invented here and not there, when we all owe them everything.
The muslims were so advanced, why didn't they invent the steam engine? The hindus didn't invent the laser or nuclear fission. The chinese didn't invent vulcanization of rubber or the automobile. Go figure.
listen bumblestumble, you've missed the point.
The destruction IS THE ENERGY CRISIS.
The deleveraging we must see is the inevitable point of recognition that the debt pyramid has reached the ceiling.
It needn't matter whether oil is in supply deficit or not; it really need only stop GROWING.
I have tried for years to get them to grasp exactly that.
I have phrased it dozens of ways. I went over and over this on TF for the better part of a year only to get the paper bulls shouting it down as religion.
Energy availability and static EROI are economic ASSUMPTIONS. There is no discussion whatsoever of the mutability of these within macroeconomic texts which tend to always revolve around monetary and interest rate regimes.
I tie this all together with a postulate that interest rates cannot rise because to do so would require increasing ROI of economic activity when the opposite is the case. Energy is the base of this pyramid we call economics as there is not ONE THING ON THIS EARTH that gets done or in this UNIVERSE for that matter without energy.
The profitability of energy production as expressed by EROI is declining, therefore all activities based on it are also declining. This is often expressed roughly as a cost-of-energy or entropy. We are sliding toward a situation where there is far less pure profitability to drilling up oil, consequently, there is less net available and all activities based upon use of energy are inherently less profitable. As profit ratios decline, interest rates that represent "market" lending against them must also decline. If activity cannot satisfy the growth needs of the coupon, the loan isn't made, and due to supply and demand laws for credit, the coupon must fall. The banker cannot extract more return than the venture will produce.
This also explains why we see increasing leverage ratios. Profitability is so near-zero in so many things that the only way to achieve "returns" is to scale leverage to infinity. Hell, there are so many factories and industrial facilities in China for example that are of negative profitability. They will NEVER be able to repay even principal, much less interest demands of the originating loans.
Yes, this seems to imply that negative real rates are coming. Interest rates do not CONTROL economies, it is the other way around; this is what the economists in their pseudoscience failed to understand.
A rational outcome of debtmoney against a contractive climate would be deflation, but the dollars snuffed out would be matched by the real production snuffed out, although the currency's value in real terms should rise.
As economists DO NOT GRASP the fundamental truth of economics, I expect a fiat or paper collapse. Who would lend a terminal cancer patient money against his future wages? Lending into a future of contraction is precisely that...a rational expectation is that at best you may get your principal returned in real terms, but not your interest because your interest requires growth. So, going forward, paper claims against the future, which is what bonds and debtmoney are, must be discounted in light of reality.
M. King Hubbert, who originated the peak curve named for him, was also ignored, chastised, ostracized, attacked, and demonized.
The most important thing to take from Twilight is not the Saudis' production fantasies, it is the shape of the production curves from wells discovered after the 1970s. This is the issue that most seriously impacts the future, iow, the decline rate post-peak for the world and was the central theme of Simmons' book.
As I have said many times, if the world experiences a decline rate similar to what the 70s-vintage fields have undergone, we are in serious, serious, serious fucking trouble. Our best case is a prolonged plateau followed by a 4% YoY decline, consistent with for example West Texas or LA Basin production profiles. A nice bell curve. Unfortunately, fields like the North Slope, North Sea, Cantarell, and the other post 70s fields have seen decline rates several times that.
I used to be an investor in BPT and then I ran their 10k figures against their projections stated therein and found a serious disconnect between estimates and reality. Estimates were for the 5-7% range, reality was more like 13-15. For our sake, I hope that the forecasters have not made similarly overoptimistic projections regarding all the other fields in the world (har har)
Bad news: nothing but horse shit for dinner
Good news: there's lots of it
Um...the Chinese built things that nobody needs nor will ever need.
Stimulus spent on useless things is the same no matter where it goes.
China thinks they're above the law, above basically everything.
Right now they are behaving as if they run the world and really are the "Middle Kingdom." The Party leadership has been infected with yesman bullshit about how great they are.
Everybody let them play the developing nation game while it was profitable, but it wasn't Chinese ingenuity that built China nor was it a Chinese currency ponzi (yuan was and is pegged) nor Chinese "capital."
Like how it wasn't the Arabs that drilled up all that oil. We need to tell China to pay up on the IP they steal, unpeg their stupid currency, cut the mercantilist predatory bullshit, and pay their contracts or fucking else. Let's see who else they have to peg their stupid people's currency to.
no...it will not "fix" anything.
It's very important to understand what declining aggregate energy supply means, and even more critical to understand what declining EROI means.
Notice EVERY SINGLE economics discussion revolves around the word "growth." That is your first clue. A failure to grow represents a departure from 300 years or more of western economic trends. Growth as a principle predates even Adam Smith. Every single economics "theory" hashed out since Gutenberg has taken place against a backdrop of assumed ability to grow.
Also, those who expect interest rates to rise...how are they going to rise? There isn't much OUT THERE right now that is profitable at a 5% or higher. If you have an activity that cannot turn a profit if you have to pay a coupon on the loan to build it that exceeds your profit margin, you CANNOT do the activity.
Raising short rates to a point where they exceed economic return will crush economies. The world economy is so overleveraged (see previous posts about leverage) and so overcapacitied against an energy supply inflection, that the yields simply aren't there to support higher rates or debtmoney demand.
This is precisely what happened.
Extraction technology improvements did not extend field life in terms of fattening the production curve. They just permitted more oil to be gotten out more fast.
This is the curse of exponential growth. The companies maximized profits off of fields...had they not done so, they could not have met the demand needs in the present for all the "development" that everyone is so gaga over.
We pulled oil out faster in order to satisfy suburban buildout, multiple cars per family, increased drivers driving increased cars increased miles, more air travel passenger-miles, more trucks, more ships, more more more of everything, nevermind China and the rest of the "developing" world.
People simply don't grasp exponential math...it's sad, but true. B9K does when he says at this point we need to again add an amount that is equal to all that in the entirety of history.
Everyone would be wise to understand the parable of the indian king and the chessboard. At each successive doubling in a growth curve, you must add an amount to that square that is one unit higher than ALL OF HISTORY COMBINED.
If our national debt GROWS (note i say growth) at a level RATE, the next doubling with be another $12T. Then another $24T. Then another $48T. People are victims of their own psychological flaws that they expect or predict that the growth rate is linear when it is geometric. Their estimates of future scalar values are astoundingly inaccurate to the low side.
please, never ever do what you just did. Never ever divide reserves by consumption and project "lifespan" that way.
Oil production doesn't work like that.
Take a look at the size of Ghawar or Burgan and what their flow rates are. Ghawar had let's say 80B barrels and produces 5-6mbpd at peak, but its production has followed a roughly bell-shaped profile. Ghawar has been in production since 1951.
Burgan was a field of similar size in terms of URR (70 Gbbl), but its peak production was in the just sub-2mbpd range, achieved in 2005, even though it began production around the same time as Ghawar.
Extraction profiles in terms of flow rates versus URR are radically different depending upon field location and more importantly when they went into production. Lifespans are shorter for more recent fields due to extraction efficiency improvements.
For example, Prudhoe, Cantarell, North Sea...these were giant fields brought online in the 1970s. They achieved peak production figures in the Burgan neighborhood against radically different URRs. Prudhoe hit about 2mbpd versus 13GBbl but is now in steep decline, having peaked in the late 90s.
For the future, large field discoveries like Tupi, containing as much as 8Gbbl URR, are expected to produce no more than 500kbpd worth of production.
IOW, an 8Gbbl find does NOT "power the US for over a year" (assuming 18mbpd consumption), it powers the US for roughly 40 minutes per day (500kbpd/18mbpd).
EROI is "everything," but not quite.
Again, I must resort to differential calculus.
POWER is what matters, not energy.
The difference in the steam engine versus gasoline is power. The gasoline engine can do work faster.
Derivative of work with respect to unit time - power.
The EROI of coal is higher than that of oil...it returns more net energy per unit invested. But coal cannot deliver the power of oil. Really, nothing can. Oil is freaking liquid power.
Despite higher net energy return, coal does not deliver that energy at a rate as high as oil delivers its.
The rate of change of society and technology has matched the rate of power input to it.
Sigh...this is one of my most significant personal issues, my inability to deal patiently with lesser intellects.
No, you do NOT understand.
What is happening now IS THE ENERGY CRISIS. Get it? This, right now, right here, IS the problem.
There is nothing to be "pushed out" decades, gdit, ok?
Demand destruction is CAUSED BY SUPPLY DESTRUCTION. It simply MUST be that way because you cannot consume MORE than you can produce!
The theme you are pounding is a derivative of what LATOC pushes, and this is WRONG. When I first began writing on Peak Oil back in 2003, I forecast "sustained global recession." That is it. There is not going to BE a sudden binary crisis point. The collapse of money based upon expectations of future growth may occur, surely, as will ANY faith system requiring growth where growth cannot be had.
The situation is analogized thusly: world growth (GROWTH) is like a car driving down the road whose speed MUST increase continually. The problem is NOT when the needle in the tank hits E, it is when you cannot increase the rate at which you supply gasoline to the engine. THAT is when you hit your growth ceiling. Your car can still move, it just will not move FASTER.
And I don't give a shit who you are.
somebody is junking me and anyone who agrees with me.
Probably somebody I called an idiot or else one of Douchinger's acolytes.
don't take this the wrong way, but I've said this in many oil-related discussions - reserves DO NOT MATTER.
All that matters is flow rates.
Ex: Prudhoe. 13GBbl, 2mbpd peak in 1998, went into production a little under 30 years prior. Now, the thing ain't even 40 years old and its production is plunging. But they got 2mbpd out of a 13GBbl find. Similar fields are basically dead, exhausted.
Cross that with Burgan, which has 70GBbl and achieved a peak a few years ago at a number right at Prudhoe's. It went into production 60 years ago. Much longer lifespan but if the world needs higher production, its SOL.
Tupi is a perhaps 8GBbl find...will it achieve production near Prudhoe's? No...not even remotely close despite being in a similar class in terms of size. It may make 500kbpd.
Peak RATES of flow versus URR are *declining*.
why in the hell would they WANT to drain the liquidity?
Do they honestly have advisors so full of shit that they believe that lending is actually reviving?
The interbank market is still dead, the Fed IS the credit market and the USG IS the borrower of last, first, and only resort!
They have no choice but to ADMIT to permanent liquidity, aka printing. Unless they want that deflation thing to come back which will destroy the USG's sheet so quickly that the Fed's lifespan as an "independent" organization will be measured in NY seconds.
Lending WILL NOT REVIVE into a contractionary future! There is no growth to pay the coupon! The only inflationary tool they have is devaluation.
There is no demand for credit and nobody willing to supply because there are simply so few economically viable activities out there in this astoundingly overcapacitied world.
Production is declining.
Therefore consumption must decline.
As all things that everything everywhere DO require energy as an input, that means less doing. That means sustained recession.
Forget "growing economies" and the rest of this shit.
Supply/demand fundamentals with oil do not cause inflation. Inflation causes the apparent price of oil to rise due to excess creditmoney chasing finite barrels. Same as everything else.
without our borrowing, they have nobody to sell to!
the accounts balances HAVE to normalize.
The dollar is a gigantic circle-jerk basically. They have to recycle just like we have to borrow just like they have to lend and peg.
The Chinese are not the boss in this scheme; they just think they are.
ok...super power status in last century. USSR and USA. #1 and #2 world oil producers for the entire time.
China is not resource-rich and they are not anywhere NEAR the level of technology even of the Russians.
China just did manned orbit, ok? They don't have a bluewater navy. This is not a superpower. It's a low-cost manufacturing center trying to do what Japan did. Did Japan end up a superpower? No.
Maybe China's technology will improve...it took the japs 20 or 30 years to go from a joke to considered top-shelf. The world is different now, though; this isn't a growth climate anymore. There won't be a next superpower.
A rise in rates would precipitate a full-on monetary collapse, as in severe deflation.
The reason EM rates are higher is because they can be...activity there is more profitable than in more mature economies.
There is not enough to do here with rates high; things just aren't that profitable anymore. All the good oil wells have been drilled and drained, the land cultivated...they suburbanized everything.
Profit margins in mature economies decline over time, which is why the capitalist system moves on to unexploited pastures.
If rates rise sharply, that will revert shit quickly back to feudal rent-seeking behavior. If economic activity is less profitable than the prevailing coupon, the activity won't happen via lending. Without lending, we don't have money. Put simply, a rise in rates leads back to rentierdom and a gold standard.
Let's review GD1...
Interest rate regimes proved utterly ineffectual at reviving demand, as did demand-side keynesian stimulus projects. None of them worked at all, the depression persisted.
At the end of that, they went with brute force devaluation - that is where we are headed and there is no two ways about that.
Every country in the world is embarked on massive debt-fueled stimulus, including the vaunted China. Their growth rate has for years, far prior to the crisis, been built on GDP driving more GDP in a ponzi-style effort. Everyone is battling the tendency of the creditmoney system to deflate in response to crumbling real yields and contractionary realworld forces.
I mean, China is a good case study - what are the yields from the most recent construction projects? They are freaking negative. This is money that would not have been borrowed nor lent but/for a mandate from the government. And the activity shows up in their GDP figures, as does the borrowing and spending the USG has done on its metrics.
But, this cannot obviate the real, fundamental problem...there is precious little to invest in at this point that can repay a loan at interest. Real yields have gone to shit. We *should* expect leverage ratios to go apeshit as a result and this is precisely what has occurrred. In response to infinitesimal profitabilities, we see astronomical leverages being employed to try to "volume" a return out of it.
At the end, the only way to satisfy the math is to wipe out the debts. But a de jure default is verboten, so we will see devaluation. Once the whole world is paved over, do you lend more to a paving company?
I cannot agree with this.
Rates should increase only if economicalness of activity increases. Remember, money only exists in the form of a loan, which then requires you go do something, i.e., grow in order to pay it back plus interest.
I do not see anything on the horizon here that will materially increase aggregate economicalness thus demand for money should remain low. An interest rate regime CANNOT survive if the fundamental rate attempts to be above the ROI profitability of the interest rate zone.
Simply put, you cannot lend at 6% if the activity lent against produces a 5% profit margin. That loan is a prefab'd default.
An increase in rates as a prophylactic or preemptive move by the Fed, or else as a result of bond market spook will cause a deflationary crush and ultimate loss of faith in paper. We see high interest rates ONLY on companies nearing default or those who are expected BKs. I used to laugh on Yahoo at people crowing over their 12% WM divvy.
If rates blow high, that would be a sign of impending US default.
dude, you're too intelligent to misspell "lose" like that.
But the point is still taken...modify the joke to make the widget of tiny profitability. That is why leverage ratios and even synthetic economics are the rage now.
The only way to get a "decent" return is to lever to the moon. The underlying activities are now of increasingly scant profitability.
As an aside, I see no discussion of this in mainstream economics, of declining "economicalness" of activity through the business cycle. We are clearly facing that.
the tightrope is an illusion...on both sides lurk destruction of the paper which represents promises levied on a future that will not come.
If you own a share in a playoff pool and your team gets mathematically eliminated, or you own a trifecta containing a horse that died half-track, this is a case where the outcome hasn't yet occurred, but is determined nonetheless.
And at this point paper claims against impossible outcomes become of zero-worth. Call it the Point of Recognition. When the horse breaks his leg, you would sell that ticket for whatever you could get for it, but you only can until the guy next to you looks at the track.
KD ought to know by now that Fraudie and Phony's mandate is to reinflate the housing market and get loans happening by any means necessary.
Scamming? LOL...only like you would "rape" a prostitute you already paid for
eh...China was a placeholder in between Rome and Europe post-Renaissance. Sure, they kept it together but Rome was light years beyond them. May as well call the muslims a superpower while we're at it.
As for "superpower," that's global dominance. Rome had it. China did not. Ever.
China will always be a regionally significant nation. As it has been. But, there's no room for superpowers in a future that holds contraction. Empires grow one upon another to zeniths and then things collapse.
I don't see how China's emulation of a western model of growth will make them to a superpower. I'm not persuaded by their ascent during an era where everybody did.
I mean, China? Puhleaze...look at what WE did. In the span of the time it took China to drag itself out from basically the opium wars to having some cities on par with the west if you hold your breath and have a gas mask, look what we did.
We went from the onset of the computer age to Folding@home and shit. A supercomputer costing zillions in the 1980s has less power than my son's PSP. We networked the world. I mean, sure, China went from a backwaters to some semblance of modernity, but the US was not standing still and neither was anyone else.
All boats were lifted by the tide.
The ERROR here is projecting China's past into its future. We don't do that with our own, nor Europe's, nor Japan's. People did do it with Japan and we saw where that ended - in the supply-side wall.
Yes, yes...and what are Japan's rates 20 years later?
This kinda proves my point...Japan became uneconomical when they hit the growth wall. And their rates haven't crept up nor can they.
But all the cheap credit in the world cannot make REAL activity become profitable when it inherently isn't.
Rates cannot rise into a climate of uneconomicalness of activity.
people don't understand what Volcker did and why and even how it worked.
Inflation rates were high because of the collapse of Bretton Woods; there was a real loss of confidence in the dollar and a TON of uneconomical BS being done.
Volcker's rate regime crushed that unprofitable activity and purged it. In the process a lot of people got wiped out, but this is the nature of things. After that, economicalness returned to the US, built on supply-side debt, and rates have steadily declined since as economicalness has decreased in a global phenomenon.
Again, once the whole world is paved over, paving companies go from HUGELY in demand to worthless.
if you suppose that, you're even stupider than I previously thought.
As I said in my last post, moron, stop imputing the LATOC thesis to me. I don't know how many goddamned ways I have to rephrase it to get morons like you to understand. It seems clearly beyond your comprehension, sadly.
Oh, by the way, it takes the same amount of joules to melt steel this year as it did in the year 1500. Take your brain out of the microwave, moron.
GFD, you cannot divide reserves by consumption like that! What, Campos is going to be an 82mbpd field? That's insanity to even phrase it that way.
The largest find in the Campos basin, Carioca, has a total of ZERO barrels currently recoverable. The oil is in-place, sure, maybe, but the technology does not exist to extract it.
Oil that far down under miles of ocean, rock, and salt, is not going to come up to the surface at the same rate as a 30Gbbl strike in the Saudi desert! The EROI will necessarily be far lower.
Oilsands require massive energy to mobilize the bitumen - go to cos-trust.com and tell me what you see a picture of - and even assuming they pollute every freshwater source west of the Rockies, this resource base is at most a 4-5mbpd producer in its entirety.
All reserves are NOT created equally.
A typical 30Gbbl find these days will NOT power the earth for a year. It will power it for probably an hour a day at most at peak production. Even Ghawar, the King of Kings of oilfields, manages to power the earth only for 90 minutes per day. There is no way to increase that flow rate to suck out 82mbpd instead of 5. Ghawar could only supply 1/4 of the US's consumption. It'd give us 6 hrs/day of production.
where do you park the dollars?
Higher yields won't strengthen the dollar insofar as high yields can be caused by sovereign default risk. Yields are supposed to represent a coupon above and beyond the "print inflation" risk.
This is how it works everywhere else...it's why Greece's spreads are blowing out for example. Nobody thinks the bond is safe so they demand risk premium.
Any treasury yield spike will boost the dollar? The dollar IS the treasury. Last time we saw a collapse in bond values we got devaluations; the yield spike was due to default premium.
If JPY wants to devalue, simple...peg it
Stampede out of US Debt means immediate insolvency and default unless printing.
Douchinger - write a ticker!
We're rolling over ST debt...let's um do a thought experiment on what that would mean in terms of interest service costs in the event of a yield spike.
The gov't will either collapse in default or else devalue, just like last time. Either way I don't want to be holding their paper.
the ultimate nonproductive activity, speculative trading crosses on the fiat currencies of bankrupt States.
have been looking for PBMR investments for years and am holding TOISF as they are the ultimate owner of Westinghouse which was a stakeholder in PBMR corp which was a South African venture.
Problem with PBMR is that its best coolant is Helium, which is in supply decline, having peaked in 2002. And, last I checked, they are still filling kids' balloons up with this invaluable resource. Helium is irreplaceable for things like high tech imaging and other superconducting applications.
And there is no way to make helium as it is solely a byproduct of alpha decay. Its density is so low that it achieves escape velocity from the earth.
Fission is a stopgap but PBMR is a technology older than lightwater but it got shelved for many years. Lightwater reactors in commercial application in the US were fiscal and maintenance failures. They did not deliver on their promise. Hopefully the newer advanced reactors like ABWR will finally justify the hype.
People *don't* get the message, though! That's the problem.
Every time I've been in a PO discussion with deniers of fact, they continually bring up these new deepwater finds of 30Gbbl or 8Gbbl and say, look, we just added a whole 'nuther YEAR of production. That'll get us through next year and we'll certainly find another year and another, ergo there is no problem with the oil peak.
The oil peak has NOTHING to do with reserves, and I cannot emphasize that strongly enough. Hubbert's original theory found a relationship on THOSE reserves bases between URR and the point at which a field peaked, but he was operating in a climate of primary extraction until pressure depletion, then secondary extraction, then tertiary and so forth. He did not anticipate things like "tarsands," nor was he around when we started putting secondary and even tertiary extraction techniques in the primary phase! The production curves of 70s wells look NOTHING at all like a bell curve.
When you say tarsands have 250Gbbl, people believe there IS NO PROBLEM. Because that divided by 82mbpd lasts so long that everyone assumes we will simply find another 250Gbbl, as "we always have."
Nevermind that tarsands will produce less than a surface field 1/3 of its size in the most optimistic case on an output-to-output basis. The 30Gbbl finds we make now CANNOT be exploited at the same efficiencies and flowrates as the older 30Gbbl finds. People do not understand that the tarsands reserves cannot produce anywhere NEAR the same RATE of the KSA oil reserves, which are around the same size. The same is true with the Bakken shale oil and all the rest of the CTL stuff too. I constantly here about 1Tbbl reserves in shale and people stupidly assume we can exploit these reserves at a rate similar to what historical reserves bases of that size have supported when this is not even remotely CLOSE to true.
You are only shooting your entire argument in the foot with PO deniers when you divide URR against consumption. People do not understand what PO means and its implications. They focus on reserves instead of its derivative and cannot grasp that the problem is a failure to grow rather than being close to "empty."
The Fed may.
But deflation threatens the Federal Sovereign. FDR's devaluation was not above preserving the value of the Fed's dollar claims or the claims of any creditor. It was about saving the USG's neck from insolvency. Certainly, the banks holding paper claims against anyone were supposedly "unhappy," though I maintain that inflation helps them more than deflation. The only people who like deflation are little people holding cash.
Nixon's actions were as well intended to stave off insolvency.
As soon as material deflation threatens the sovereign, the Fed's independence will vanish. Force majeure has the word "force" in it and the .gov does know about force.
Watch the Fed resort to securitization where the taxpayer/them bears the loss for any impairments to the sub-senior tranches.
Basically, transforming crap MBS paper, which itself may be equity tranche garbage, into FF&C with a Treasury cashflow.
The paper the Fed bought was not mortgages...there are no mortgages anymore. They bought CDOs comprising various tranches of mortgage pools.
sub-senior CDO tranches were BUILT to go to freaking zero quickly in the case of any material impairments. If the Fed only bought the senior paper, then there is no problem except that all the mezzanine and equity slices are still sitting on banks' L3s and in SIVs and other off-sheet vehicles.
Some of this garbage was either synthetics or else CDO squareds, where a supersenior tranche off of a CDO built out of EQUITY tranches could somehow get a AAA rating.
There is no way to know what the Fed has and what's out there without accounting which nobody will do and nobody will force. The reality is that given the decline in home prices, equity and mezz tranches are wiped out - Markit ABX indices tell us this. But, none of the banks will divulge how much of what they own and neither will the Fed. The entire Fed balance sheet is freaking L3.
R O T F L
EROI mean anything to you?
We can't just "replace" oil, ok? We have to grow.
actually, having individual, household-level generation off of NG is significantly more efficient than even a gas plant.
Given the internet and wimax, you could run these from a central facility to balance system loads if necessary.
Who cares? My only observation is will you want to hold US paper through this?
The US doesn't tax enough to pay its ongoing obligations...the externality or internality of the debt is irrelevant.
Rome did not owe massive foreign debt either and its currency incontrovertibly inflated to 0.
The point is WHAT finances the US deficits? Lending? If they cannot find buyers for the bonds, they will buy them with printed money, simple as that.
Whether this becomes "hyper" or not is anyone's guess. That said, a deflationary collapse of the US will result in sovereign default which pretty much gets the dollar instantly to 0.
A sociopath seeks to control relationships for their own benefit. Sociopaths are typically polished. Those whose personality disorder rises to the level of psychopathy are usually very charming and engaging. How else do people suppose that serial killers succeed in killing so many people?
Pyschopaths like Ted Bundy were incredibly charming. A sociopathic personality type will do whatever they desire and lack empathy to feel what others feel as a result of their actions. A sociopath who is successful will necessarily be a very skilled liar, very charming, very charismatic, because the entire personality structure is built around needs gratification irrespective of the cost to others.
Bear in mind that the athenians continued to accept copper coins at face long after their true value had fallen. They knew it was a token currency and yet everybody conspired to say so what.
The answers to those questions posed are easy...no, no, and no.
You cannot get something for nothing. The laws of physics TRUMP the supposed laws of economics. Don't give a shit how cheaply you give money away, it won't make pumping water uphill to let it flow downhill produce more net energy. Period. The laws of thermodynamics and all physical sciences are INVIOLABLE.
You pit the will of man against the physical world and the world wins. This isn't The Matrix, where reality is plastic.
Money does not melt steel. Money does not power cars. Money does not make things move. Energy does. Our entire set of beliefs about economics is a joke...it always was about energy. Don't believe me? Try not eating, see how far your creativity stretches.
well, we didn't have a entertainment clan then whose product glorified the basest among us. The base people were kept in check with violence. You could even slap women then and they you and people would whenever anyone's mouth got out of line.
Backlash will grow against those who will have appeared to have destroyed us. One need only understand what Bavarian producers called weimarks to get what happened 10 years later.
The disproportionate ethnic composition of Hollywood and the banking community poses a huge risk to Kunstler because he is of the same ethnicity. Surely he has a 2nd passport like the rest do.
And I think you are out of your fkin mind.
Jump off a building and concoct some reality for me. Gravity will be there waiting to embrace you whether you like it or not, whether you believe it or not, whether you accept it or not.
I used no metaphors, I said that physics trumps economics.
The valve control system does not affect torque. Torque is determined by the engine tuning. Pushrods operate the overhead valves by use of cam lobes, just like OHC engines do.
OHC engines are now superior in every respect given the variable timing systems currently in place.
Valve overlap, timing, duration, and lift are what dictate the torque curve of an engine. The reason OHC came into use was because it enabled a higher power output for a given size engine. But, prior to VTEC, there was no way to adjust timing, lift, or duration, so those engines were tuned to produce more torque at a higher RPM via increasing valve overlap, lift, and advancing timing...but the configuration that produces more torque at high RPMs is the opposite of what produces more torque at low RPMs. At high RPM, you want high valve overlap, long duration, and high lift. At low RPM, the opposite.
OHC is a lighter valvetrain, which can support higher RPMs than a rod system due to lower inertia.
Your 2006 truck should have a fully variable timing system...this will enable it to maximize torque at any RPM. The very latest systems can instantaneously decrease valve overlap to increase torque response at low end, and can vary all of the other parameters in real time in response to what optimizes torque at any given RPM.
Right now it makes no difference if you vote Republicrat.
The GOP is currently massing not to change anything but to retake power.
One open question I have though, to those who say drill baby drill is...um...howcome they didn't find these abundant deposits the first go around like BEFORE the NIMBY enviros banned drilling?
There really was a time in which prospectors were allowed to drill; why didn't they find all this oil THEN? They just missed it, instead prefering to go 5000' down in Prudhoe or the North Sea?
All this oil is lurking right under our very feet if we'd just drill for it but nobody found it back when drilling was permitted...a strange paradox, methinks.
One of my flaws or strengths is that I keep trying to get people to understand.
I hear constantly about the latest big find and how the total URR can be divided by present world consumption to enable "yet another x years of oil, haha peak oil is bullshit."
It's becoming more apparent to me that people are simply incapable of second-order thinking. I've tried to use various analogies and it simply doesn't stick. Some people REFUSE to accept it because it's too gloomy.
The thing people don't realize is that there are billions of people out there NOT consuming 18mbpd in their nation and they are still happy OMG. There is happiness on the other side in a contractionary future. Life goes ON. I actually ENJOY those places more than I like the US. I am HAPPIER in Brazil in a tiny car with a 1.4L engine running on alcohol than in the USA in my freaking Phaeton.
Yet, still, polyannas come on and talk about how deus ex machina "technology" or "efficiency" will enable synthetic growth. It doesn't and never has worked that way. I can throw the US in 1970 at them, the USSR in 1989, Cantarell...no effect. They're made of intelligence-repulsing teflon.
Even ostensibly smart guys like Douchinger can't bear to accept this stuff. He used to ban ppl like me for saying it. Now, he latches onto ANYthing such as these new finds with their lofty URR figures to try to convince himself that PO is a "religion" and we can continue on with the vaunted "capital markets" and western economics models unabated. Yet, the US is still declining in production, even with 39 years of technology improvements, we're still declining. 56/65 nations now are past-peak; this shit isn't arguable. But it's too scary I think for people to face. Persisting in a self-made delusion is a sin.
Efficiency in one part of the system frees up resources for more consumption elsewhere. That is the source of the paradox. Growth is the model and more growth=more better.
this is the entire problem.
You can't solve problems by throwing money at them. Africa periodically starves because they lack the ability to feed themselves. Now, many are TOTALLY dependent upon food aid and have no incentive whatsoever to actually try to grow their own.
I watched a docu on TV the other day about this S. African school and they were complaining about how they have to walk 3 mi for water. I appear to be the only one who can say "build a fucking pipe, then."
The reason the west is the way it is is because our people who go to schools saw water miles away and said shit how can we get this water over here so we don't have to walk all day with buckets on our heads. And then they solved the problems.
White farms in Rhodesia did not magically bestow their wealth upon the farmers, who showed up on the continent with next to nothing. There was not some secret spell or incantation that the white man knew that he concealed by trickery from the natives. It wasn't a conjob to buy the land from locals anymore than the injuns should complain about the price they sold Manhattan for. Nobody should be surprised that once the land is reapportioned to the natives by a racist government that its worth goes back to what it was when the natives occupied it - zero.
GMAC is the finance arm, guys, not the car company.
The finance arm can't earn money lending at losses (surprise), so the gov is going to step in to MAKE SURE that car prices stayed fluffed up by easy credit.
People keep asking how the inflation will get into the economy - this is how they intend to do it.
GMAC will write knowingly bad loans just as FNM/FRE are gobbling up the same type of mortgage paper.
The delusional idiots WILL NOT ACCEPT that their stupid FIRE economy was a complete piece of shit.
Everything Bama does is intended to try to get us BACK to a system that was inherently unsustainable. The taxpayer will lose money on these loans and the Fed will buy the bonds needed for the gov to source debt to cover them.
I bet if we wish more strenuously, the bitumen will mobilize itself!
It won't require actual heat in an actually well-understood, analyzed, and researched thermal process to detach from the sand.
THIS IS THE POWER OF DREAMS!!!!!!!
KSA is lying. They cannot produce 15mbpd. They've never even come close to 12. They would talk 12 while producing 9.
I submit that OPEC did not cut production. They merely legitimized a natural decline in production. During the runup to 145, when they claimed they increased output, they did not. It was all jawboning.
KSA is very likely in supply decline already.
IEA's production figures have been NOTORIOUSLY bullshit. I got banned from TF for pounding this theme a couple years ago.
Does 82mbpd sound to YOU like we're running out of oil?
How many different ways do I have to explain the peak supply phenomenon to you people before you can grasp it?
Good thing we can drive our cars on information. I can heat my house on information too. Fertilize crops with information. Melt steel with information.
Most information is bullshit, so we're going to trade bullshit for oil I guess, and call it GDP. Sounds good to me, we been doin that for decades now with FRNs.
One need only look at discoveries having peaked like 50 years ago to understand that consumption has grown FAR FASTER than discoveries even IF we were actually able to exploit the post-peak discoveries at the same rate as Ghawar in terms of flow rate vs. URR.
Demand growth during the mid 2000s was outstripping discoveries growth by 8:1. In terms of EROI or flowrates, the picture worsens.
Ah..the power of DREAMS.
Sorry, man, I guess my point went over your head.
Cars don't run on information, dude. Nothing does. Things run on energy. Information is useless without it.
We need energy to DO THINGS.
If Skynet doesn't have any gasoline, then Skynet GOES NOWHERE
Quality? The notes of a bankrupt State are not quality.
The US is insolvent, dude. We can't have deflation. FDR was confronted with the same thing and chose devaluation in order to preserve the government.
INFLATION helps the rich...that is why we always get inflation!
Peak oil isn't a theory, dude. It's a "theory" in the scientific use of the word, like Evolution or Relativity.
Efficiency has risen every year...it just enables more consumption. As cars get more fuel efficient, people drive them more miles. This phenomenon is obvious and well-researched.
Demand can do what it wants to, supply is dropping. Demand is man-controlled, supply isn't. Supply is dictated by the earth.
Efficiency is subject to the laws of diminishing returns. What you say is a pipedream, man; that is what I am trying to explain to you. Wishes and dreams and information do not run things, energy does.
Agree...I've heard about the improving job market for months and sure as shit haven't seen it. People like my mom say "I thought I heard that things were getting better." Nobody who's actually working thinks that.
My Dad, OTOH, who is a little more perceptive, is worried as shit. I hammered on what was coming for years before it did then it showed up and his eyes opened. He even has given up on the Democrap party he voted for his whole life, finally sees that they are all fucking crooks. He's on a state pension and he can read or hear from me that the state is insolvent and he's rightfully fearful.
Sovereign deficits growing...that money gets spent.
Weimar went its way because everyone was a State employee
You see this sentiment routinely on "trader" sites, including TF, where everyone is apparently a completely nonproductive fucking speculative gambler and would-be slumlord.
What our system is now is akin to a game where one side owns the referees and actively cheats. And then they call YOU a loser for coming out behind on the scoreboard.
The elite owns the Congress, the Presidency, and probably most of the courts. They sure as hell control access to the courts. They have captured the material regulatory agencies, they control the currency, the armed forces, and the land.
So bleating at the "middle class" or poor for wanting more when the elite class is basically cheating is disgusting. But that's the standard response to objections over how many points the rich score on the field caused by their ownership of the refs and the scorekeeper and everything else. "Oh, just work harder you lazy scrub loser."
lol...I paid more than that last year.
The system sucks. I know people who directly benefit from this, profiteers off of a gov't leviathan.
And they form the loudest voices in opposition of middle class labor power. To them anyone not lucky enough to inherit their wealth like they did should just STFU and pay rent.
Rates above 10% would render nearly every activity uneconomical.
Nobody would borrow ANY money into existence if they had to grow their venture by 10% in order to pay the credit back, assuming zero profit. It's just not happening.
Deflationary collapse? Already underway. Last time, the response was brute-force devaluation. Some may see it coming, but don't expect it to be announced on CNBC ahead of time.
The window in which to convert the so-called "priceless dollars" (the main meme of Douchinger and the TF crowd) into hard assets will be too small to capitalize on. The in-crowd, like in Argentina, will have been silently migrating assets ahead of time. This is like a nightclub fire...you're either already near the exit or you start moving there far in advance to collection Point of Recognition or else you're trapped. Nobody sane waits around to try to time such an exit to the last second.
My advice is don't wait around for the last possible bit of "value" from your pricefull dollars. The time to be getting out of them is not during a liquidation phase. At some point, as we have already seen, strategic default happens. IOW, people will NOT liquidate assets in order to repay claims. They will say eff you and jinglemail.
Those expecting to find copious amounts of physical gold available during a deflationary liquidation phase will be disappointed. NOBODY who is insolvent is going to relinquish such an asset. If I knew, for example, the date of the priceless dollar, I would begin running up every credit and cash vehicle I had to buy bullion. Because on that day, you just walk away from the obligations.
Good lord, this stuff is frighteningly bad.
Breeder reactors transmute non-fissile isotopes of uranium into fissile materials. They do not CREATE fissile materials from nothingness.
IOW, there is a still a peak condition in Uranium and plutonium. Supply is not and never will be infinite. Once all of the U238 is transmuted to a fissile isotope, the breeder reactor has no future purpose. There are obviously now thorium and actinide-cycle reactors, but, again, the supply of thorium, while 3x that of Uranium, is still finite and subject to peak supply conditions.
You cannot put the fission byproducts back together either, the ultimate Law, that of energy conservation, prevents that.
Also, the Nuke cornucopians are ignorant; they may want to take a look at the heat wave that killed 3000 in France a few years ago and figure out why there were brownouts in a nation with 85% nuclear production.
I can answer for you: they had to shut DOWN reactor capacity because it was overheating the rivers, causing massive dieoffs in aquatic life.
Consequently, there is a maximum saturation level to nuclear at which you CANNOT build more plants! GDit, man, there is NO FREE LUNCH. Growth CANNOT continue forever!
The finite world places overhead constraints upon growth. This is the way of things. It's best we accept it. We had a great growth run on high EROI oil and high energy density...but it's time for us to collectively stop trying to run faster on the hamster wheel because the wheel won't go faster and we're going to run ourselves to death.
Obviously, fusion is "the answer," but is currently insoluble. And has remained so for the past 30 years, always 10 years away. It's the brass ring. Perhaps it will emerge from the ashes as coal brought us out of the wood era (yes, Rome actually did suffer from Peak Wood lol)
R O T F L
So why did discoveries peak in 1964 long prior to libtards and the rest of this shit?
"probably" a fact?
Look, dude, peak has HAPPENED ALREADY in 56/65 oil producing nations!
Reserves fell because supply is falling. This notion of a 26mi tanker fleet secretly warehousing all that oil is phony.
These tankers contain 3 days worth of world consumption if they are all full. 3 days.
I, for one, sure as hell hope there IS an oil glut and we can use this last chance to put up windmills, solar panels, and nuke plants while there is a surplus of the stuff needed to build them.
The dollar ponzi helps all of us out.
If we destroyed the FIRE economy, we'd all actually have to - shudder - WORK and produce things.
Instead we prefer to speculate and gamble.
Gresham's Law - counterfeit is cheaper
You should also read Brave New World, a true Magnum Opus.
I ask myself, how the fk did Huxley KNOW?
No, there won't. Last time during the deflation, gold was unobtanium. The Mints stopped selling, the dealers ran out, there was very little to buy.
The US is not a safe haven...have you looked at our balance sheet? How in the hell do you call a nation with $1.5T deficits a safe haven?
Sigh...I think reading the freaking thread is in order.
This question has been asked and answered already 50,000 times.
Yeah, also, screw the earth, let's just pollute it to destruction so we can keep consuming like rabbits.
You have so much reading and learning that you need to do, I got no idea why you are even commenting.
How gradual was the move from wood to coal? Oh, only about a thousand years long. You feel like waiting?
Continuing contractive forces in credit origination, slack taken up by governments.
CBs are lenders of only resort, and govs are borrowers of first, last, and only resort.
The financial backstop money will eventually find its way into the economy. GMAC makes loans, FNM buys shit mortgages, US eats losses, Fed buys USTs.
well...if we head into stage 2 of collapse like GD1, then we'll soon see the market AND bonds start to sell.
Strange that today TLT is red while the DXY is up, gold down, equities flat. Collapse in bonds = currency crisis no matter what the DXY is
Let's see here...the unemployment rate actually went DOWN when the continuing claims numbers continue to stay positive, the benefits extension figures continue to grow, and the ADP "jobs added" data has been negative in every single report for the last year?
Go figure. It appears that we continue to lose jobs in every report, but the UE rate has dropped! We're SAVED!
This is just jackassed...nature sequesters carbon...they're called fucking PLANTS.
Stop the urban sprawl you freakin Congressmorons
CTL is a fail, give me PBMR
no...a fuel cell is a catalytic reactor that oxidizes inputs and produces a net current.
What we NEED is a gasoline fuel cell, not a hydrogen one.
Alcohol fuel cells and gasoline fuel cells can operate at SIGNIFICANTLY higher efficiencies than ICE engines and are where research efforts and dollars should be directed. What this means on the road is far less gasoline consumed per road-mile.
Instead we get Hydrogen INSANITY...you know how many smart people I've had to talk out of the myth of Hydrogen?
This is incidentally how Churchill beat Hitler in the Western Campaign.
He directed his bombers to make a night run at Berlin to try to draw Hitler into retaliation. The RAF was under tremendous pressure prior to that, because the Luftwaffe was strictly bombing military assets, airfields, men, planes. After the "insult" of Berlin, which was not strategically significant, Hitler directed the Luftwaffe to begin bombing London proper. This took the pressure off of the RAF, which was in danger of collapsing and yielding air supremacy to the Germans. Military strategy became subordinated to taking it personally.
Afghanistan is untenable. People do not understand this as we are caught up in a mythic narrative over here in the west. It is not that these people do not WANT to live like we do, they are not CAPABLE of it. This is why "democracy" as practiced in the West is REJECTED by most of the 3rd world. If they could be like us, they would be. Don't expect nations full of subcritical IQ mass to embrace liberal democratic institutions. It simply doesn't work that way.
There's a reason the Renaissance was called what it was. You need enough of a concentration of educated and intelligent people to form a critical mass to make quantum leaps in civil society.
Dude...LISTEN to what you are saying!
The generals DO NOT HAVE an answer for this.
We have already WON THE WAR, ok?
The war is OVER. WTF are we doing there? Generals cannot give good strategic advice on how to BUILD SOCIETIES; that is not what they do.
What is the end-state here? If you think that these people whose IQ probably averages freakin 90 or so at best have the CAPACITY to have a society like ours or Norway or something, then you're a fool!
There is no army opposing us in Afghanistan; we're not fighting an insurgency, we're providing a target for people who have NOTHING BETTER TO DO WITH THEMSELVES than go die in the jihad!
Look, man, we are dealing with people who approach war in the same manner that serfs in the feudal period in Europe did! Or the civil war. You ever ask yourself WHY these men marched into certain death? They had strong religious faith and a sense that this was just their lot in life.
Afghanistan and the entire muslim world cannot be changed until they have their own renaissance.
unless/until we are willing to respond to an attack like this, the modern day "Pearl Harbor" in the same manner as we responded to the original, we have no business going to war.
As long as the narrative is promulgated from Hollywood by an editorial executive that the "western white man" is to blame for all ills, we will never achieve the critical mass necessary to galvanize public opinion to take this step.
The response against Japan was to prosecute total destruction of their people, their homeland, their culture, everything. We did the same to the Germans. We were willing and engaged in the process of killing every single one of them until we forced their total surrender and submission to OUR way.
It's as simple as that. There was nothing that could be done when 30% of our population have the steadfast belief that some kind of "patriarchal" society is the problem, that men are the problem, that whites are the problem, that WE and our way are the problem, and that we "had it coming" because of how awful WE are.
As far as Israel, let them fend for themselves. 911 had nothing whatsoever to do with Israel, yet the zionists and jew power structure LEAP to the Israel/911 connection every fucking time 911 is brought up. Our world and our way does not revolve around Israel.
We need a non-jewish-centric message to popularize around our relationship with the world. It is not the fault of the vast majority of gentiles that jews have had a historical inability to integrate.
We should not fight wars for Israel.
As for 911 it was based more on the fact that we have troops in Saudi Arabia and we are only there because of one thing - oil. We should pursue a policy of strategic disengagement from the middle east, and cease our national economy's revolvement around oil and consumption. Simple as that.
Nations that do not pursue imperial postures do not get attacked by insurgents. If the Chinese had a base in the US and their soldiers walking around with a state of diplomatic impunity, I guarantee you that there would be insurgent attacks against them. Most Americans cannot even wrap their heads around what a foreign occupying military force would be like yet this is the reality for a lot of the rest of the world.
We need to get out - of everywhere.
Just like in Brazil, right? Or Norway. Or any of several dozen free, rich countries that aren't getting attacked by the Islamic hordes.
Yes, we simply MUST maintain bases in 100 countries to "protect" our "freedom."
You're a fucking idiot, you know that?
ACT NOW or ELSE THE SKY WILL FALL.
You are directing a conclusion, and committing immense logical fallacies in your argument.
911 was the siren call to begin strategic disengagement from the middle east, from Israel, and from a consumption/oil economy.
There's a reason they didn't attack fucking CANADA or BRAZIL or freaking Australia. Those nations don't have mfing bases all over the world with uniformed soldiers effectively occupying foreign nations.
You spin the entire thing into a COMPLETE false narrative, that the islamaniacs hate us "because of our freedom." They don't give a fuck about our freedom. A few of them hate us because we're the empire with a banking con system run by Israel-lovers that seems to extract economic rent from the entire world. We're occupying their stupid holy land and assisting in the oppression of their people by a bunch of degenerates called the House of Saud.
WE made this a military matter and 911 was a military operation. If we're going to be at war, we have to live with getting hit.
The answer was what to DO after 911? NOTHING. NOTHING out of the ordinary...the war continues.
You act like 911 came out of the clear blue sky for no fucking reason whatsoever, some kind of black swan event, that it had no historical precursors nor precedent, just a total surprise.
Get your head out of your ass. We've been AT WAR for decades, this was the first time the enemy got a shell onto our positions. Expecting to be AT WAR and have goddamned bases everywhere in the world with SOLDIERS and to not have the other side try to hit back is STUPID.
The Romans occupied many nations and regions. Occasionally they were attacked. The Roman people didn't sit around navel gazing about OMG WHY DO THEY HATE OUR FREEDOM SO MUCH.
What a bunch of pathological self-deceptive narcissists we are. And, then you throw the old Israel canard into it. Let Israel define its OWN "right" to exist the same as everyone else.
Don't you find it odd that the two countries that saw the greatest influx of jewish refugees from the Nazi expansion are the most militaristic and imperially postured on earth? The US and UK that is. Incidentally they are also the two with the largest moneylending finance economic ponzis. We peddle debt and war...this isn't America of 1900 anymore.
Look...this is simple shit.
What was to be done after 911? NOTHING.
Continue the state of WAR and occupation we were already in.
Was the public SURPRISED? YES.
Did they need an EXPLANATION? YES.
What was the appropriate explanation?
Ladies and gentlemen of America, we are an imperial power. We have troops everywhere. We are occupying nations. We extract economic rent with our dollar and financial products scams. We're like Rome with troops and vassal states and Pontius Pilates everywhere. Occasionally, those we are in a state of low-level ARMED conflict with (as evinced by our troop posture on their soil), may actually SUCCEED in killing some of us. This is to be expected; losses and casualties are inevitable on both sides in ANY war. Our standard of living has been artificially enhanced for decades due to this arrangement. If you want it to continue and you like how you live, then you must accept these consequences of it. God Bless America.
The problem is that the public does not understand nor want to face REALITY. We inhabit a self-deceptive mythic narrative where we whitewash shit and build gigantic monuments to ourselves in self-congratulatory orgies.
We're a war nation. Read our history. We are an occupying power. An empire. Simple as that. Empires are in a CONSTANT state of "war" of some kind and with every nation they occupy, though that type of conflict is low level.
Listen, having TROOPS from a foreign power ON YOUR SOIL establishes a martial relationship between two States. So we are inarguably at war and have been continuously for 60 years. During wars, casualties to civilians happen.
Huh? The 911 hijackers were almost all college-educated. None of these guys are or were barbarians.
US is still bankrupt.
I'd really like a dollar spike to crush equities, make a bunch shorting again and then buy gold with it.
Congress will take over monetary policy if they think that printing and stimulus will appease the sheeple
yeah I was thinking perhaps Reverse Repo as well.
Thing is that RR isn't a permanent drain on cash. When the Fed undoes the Repo, the counterparty gets more cash back than the cash they pledged. Should be inflationary.
Would not be surprised to see oil get pounded, but I'm staying long any core holdings like CANROYs.
yeah...big currency moves too, yen down 2.3% vs USD right now. the SP500 seems to be holding up but bonds are selling too
well, Iran offered up the Hezbollah in the aftermath of 911 and Busch rebuked them too with "Axis of Evil."
The Taliban offered OBL in exchange for evidence of his perpetration of the 911 attacks.
hold up...the dollar is fucking stable?
Since when??? It is constantly losing its value in terms of EVERYTHING
I deal with this stuff when the "guns and ammo have REAL value" crowd talks down gold. Or those who say grow your own food or something, that you can't eat gold.
The response is...are there going to be jews in this new world order? These people love gold so much they name themselves after it and beat it into idols. You couldn't eat gold for the past 5000 years either but you could always trade it for something you can eat.
Gold has value in a collapse simply because there is NO alternative.
The paper bulls like Douchinger and those here can yuck it up in any correction, but how've your dollars done? You can buy LESS sandwich with them this year. Less oil, less milk, less gasoline...less of pretty much everything except OTHER paper.
Fucking stop being ADDICTED to reaping what you DO NOT SOW. It is the HEIGHT of irony that the fiat paper bulls are the ones who talk about GROWING their own food when everything they are ABOUT in terms of being a fiat bull is to try to earn INTEREST and "gains" on fucking SPECULATIVE TRADING.
The TRADER crowd LOVES FIAT because it allows THEM to earn what they did not produce, to be interest lenders, to reap entirely speculative profits. These fiat bulls are not producers, they are freaking GAMBLERS. They hate anything and everything real because real things require real people doing real activities to produce them. If they hate gold or oil or any other THING that people ascribe value to, you can judge them by what they DO like.
Every single fiat bull on TF or any other forum has explicitly announced the future they desire, where anybody who has stockpiled PHYSICAL and REAL things gets screwed and the fiat bulls holding mountains of paper get to ride in during a liquidation and VULTURE real things in exchange for paper!
The fiat bulls are the ultimate wannabe banksters. They want to use their fiat to take your real.
The real bottom line is that the world is bankrupt.
Peak oil = no future growth in income.
No escaping this. Nice article at IEA showing 60% decline in production in existing fields by 2030 with the deficit made up by "fields yet to be discovered." The growth needed to support today's debt does not exist and will not exist absent the perfection of fusion power. Period.
The US is just the most egregiously bankrupt State; Japan is quite bankrupt too. As is the UK.
Bear in mind, this is ALL paper. Compound interest is a mathematical concept with no REAL force.
Time to go back to a real economy; this is the death phase of fiat. Fiat worked ONLY so long as the future promised more than today.
No, we won't.
EROI is the real world, not the desires of men.
It doesn't matter how much you WANT more net barrels of oil out of a past-peak well, you CANNOT get them.
You can try harder which means expending more input energy to raise the production, but your NET OUTPUT is always lower.
This is the immutable reality of EROI. Gravity will not decrease on the earth simply because we desire it to. The rotation of the earth will not slow. Water will not run uphill.
We have confused ourselves into believing that whatever we desire can be made to come to pass; this is the fatal self-DELUSION of...economics. The economics profession, that of a pseudoscience, is what has convinced people that demand and monetary policy bend reality. In every case, they ASSUME that demand leads to supply. Economics is the most dangerous bunk ever foisted on man.
huh? 10-year chart has gold up 263% in yen.
steady rise until 2006, then it really took off as the world began to enter crisis phase.
Gold was steadily UP in yen terms throughout most of their deflation phase simply because the japanese trusted it as a savings vehicle.
Japan did the same thing we did, lever up their national balance sheet with debt
I marvel at the economists who discuss Japan's having a "demographics" problem.
LOL and puke - um, the population CANNOT GROW FOREVER.
WTF is it about economists that they cannot comprehend that exponential growth has LIMITS within this FINITE system we call earth?
JFC, we hit an oil peak in 2005 and people are still talking about mfing GROWTH and how failure to GROW population to consume ever goddamned MORE is a problem!
Growth IS THE PROBLEM.
Debt and population - same thing. The problem is always "solved" by more growth. Got an issue with population? Grow. Debt? Grow. Just grow, grow, grow, no matter what. Hey, never fking mind if you already have 1.2B in your country; China has a "demographics" problem of too LITTLE population?!?! Why? Because they will have to DOUBLE that to support the debts of the present?
Good lord, when you have a problem that requires terminal exponential growth as a solution, then your entire philosophy is bankrupt.
Take a look at the Medicare and SS graphs and tell me you really believe that.
The US is staring up a vertical incline of payments obligations; other nations aren't.
ponzi finance is a lot bigger than 5%
do a thought experiment on everything that the housing bubble fed, or the china export/petrodollar ponzi fed.
you have downstream beneficiaries like CAT, for example that built machines to help build shit in Dubai or the Inland Empire that nobody really needed.
Artificial demand was created ALL OVER the globe in order to sustain artificial growth rates. FIRE economics merely ran as a parasite on that.
last time we had deflation, premiums blew way out.
I am seeing $63 spreads from spot to sell as of Fri on CNI's site.
at some point the paper economy is going to vaporize
ok...there's a fundamental lack of understanding here.
Our currency is based on DEBT. Debt is a claim against the future by the present.
If the future holds growth, you can pay the debt back. If it does not, you cannot. It's really as simple as that. If you take the simplest debt, borrow $1000 at 10% interest for one year. You either come up with $1100 at the end of the next year or you default. Simple shit. If your lender looks at someone with terminal cancer given 6 weeks to live, how freakin likely is the loan to be repaid?
The US's currency is a debt instrument...it has sanctity in the aggregate only so long as we can repay our debts, i.e., continue to grow.
Everybody still seems to act like this is a blip or a hiccup and that growth will just resume any day now. That the only thing holding us back is a bunch of paper. Sorry, the real finite limits of growth are what we are smacking up against here. Anything based upon or needing growth is specious as a fundamental proposition at this point.
This is larger than the US...it's an existential crisis for debt in the aggregate, for the growth model. This is the REASON we are in a currency crisis. It's a crisis because a collective realization has emerged from the fog that the future CANNOT pay off today's debts. The entire edifice is in functional default.
Trust won't be restored. We have larger problems.
You may trust your counterparty, but if his business plan has no hope of succeeding, you aren't committing capital to it.
The business plan of world economics is to GROW out of this mess. We have an economy that works like a tumor. Grow and consume.
Firing Geithner and Bernanke won't make a single bit of difference. Their stupidity or inability to accept reality won't make the real world function differently.
Every move these guys have made is foreordained. Look at NeObama...he was calling to pull the troops out during the campaign. Now, he gets in and what does he do? The opposite. That is because he doesn't HAVE the option to do what he wants or what he promised.
This is like sitting down to a chessboard played by somebody else and you're already in the endgame. The moves are already determined at that stage of the contest. Al Gore would have invaded Iraq because of the oil supply situation and impending Peak, which Dick Chainy talked about repeatedly. This is zugzwang.
The die really is already cast here, and everybody must fill their roles in the play.
yeah, noticed gold did a $20 vertical shot...volatility like this is never a good sign.
I still maintain they will stomp on any deflation with printing. Future QE has to be a given.
If China didn't like it, they wouldn't be pegged.
I bet most people don't know that if you inhale it in sufficient concentrations, you will die! Prolonged exposure to sufficiently concentrated CO2 leads to *certain* death.
Ban ALL of it, I say
cannot agree there...Japan hit the wall of supply-side economics. There is only so much that can be accomplished via predatory export-driven ponzi mercantilism.
We have achieved a point now for which there CANNOT be demand for the production capacity that exists.
EVERY unit of production capacity requires energy to actualize it...included on top of that is the energy needed to consume the production. For example, a plant to build cars requires power to construct them and the consumption of those cars requires power to drive them.
There simply isn't the energy for the demand to realize the latent capacity.
This is something TOTALLY UNFORESEEN by ANY economist. Their models ALWAYS assume that demand is elastic, subject to stimulation whereupon, eventually, the ship of growth begins to churn forward anew.
Life functions differently, in fact the entire set of economics assumptions collapses, if you include an assumption that for some reason, demand cannot grow infinitely. There was no discussion of finite systems headroom in economics schools.
The economists deferred that to "human ingenuity" being able to ALWAYS provide a method by which demand could continue to rise. If, for example, EROI hit unity, "demand" or ingenuity would somehow provide a means by which this could be circumvented, iow, by the development of fusion power, for example.
They never considered ANY real input to REAL production of REAL things...only interest rates and monetary regimes. Find for me an example of where during a discussion of monetary velocity or anywhere in Keynesianism or monetarism or anywhere, they posit during the analysis of widget makers where they conduct the outcome disposition if a critical material input to widgets achieves a peak supply condition, therefore the number of widgets produced cannot grow and reaches an all-time maximum.
No, they assume some magic substitution will occur, some material for another. Well, there IS NO SUBSTITUTE FOR ENERGY
WTF...someone is cribbing my goddamned writing!
I am the one person I've ever seen who uses "zugzwang" in economic writing and now I see it pop up in an article by Clive Maund
The time for investment in solar panels on every roof, windmills everywhere, a grid of decentralized power production, etc., PBMR even, in the US was also in the 90s, when times were good.
Instead we squandered it. Against the backdrop now of global energy supply maximum, diminishing EROI, capital insolvency, etc., is there the money or even energy available for this buildout?
I submit that the answer is no. Because EVERY nation wants to do it or will have to to have a viable future.
And, who would invest in an economy KNOWING that there is no real future of growth? I mean, at this point, solar panels and alt.energy is to keep the freaking LIGHTS ON and get us to a sustainable future. There's no fucking investment value in that.
There is only investment value in GROWTH. We needed to plan for a transition to sustainability 10 years ago. We'd be getting there now or there and could deal from a position of power in a transition by the world away from growth economics. IOW, secure another American Century.
Instead we got SUVs and a fucking housing and .com bubble and "Ah did nawt hayuv sayux with that woman." And a couple wars from the next guy in order to preserve oil supplies into this future of scarcity. WTF.
Grampa musta forgot the day when the dollar was $20.67 and the next it was $35/oz
Refresh my memory - how much gold does $35 buy now? Seem to recall that a silver dollar used to be a dollar...how many dollars you gotta fork over to get one these days?
CD, absolutely correct.
I noted a year or two ago that we are on the Argentina Model for economic future.
People should fear not a gold seizure but one of 401ks and pensions. That is a pile of trillions in "wealth" sitting there that the government simply "needs."
Yes if they seize these retirement accounts, they are effectively nationalizing ownership of a good portion of the entire business spectrum.
Either way, I don't think this bodes too well for the dollar...
Agree...game ends when Fed loses control of the POG.
As long as they can hammer it down and get the signals showing deflation, they have cover for a global print via FX swaps.
Really, I think Dubai is a bigger deal than the MSM gave it credit for and there is a dollar debt redemption going on somewhere probably in non-swap land. The mystery is why the SP500 has not reacted as commodities have, but perhaps Fed has bought the market.
TPTB can live right now with a gold and oil crash, but not another SP crash as there are too many itchy sell fingers
so we got the dollar rallying massively, commodities selling off hard but the SP and Qs go flat? Worst possible situation for anyone trying to capitalize on this
I mean we got tens of billions, potentially hundreds, willing to sit parked at ZERO fucking percent? What is this, infinity leverage?
lol...I'm gonna use that one next time one of the TF fiat bull madmaxers or Douchinger starts talking about how we should load up on weaponry.
"Don't have to, I have tons of S&W stock in my trading account"
declining receipts makes interest payments on the annual deficit trillions intractable, utterly so.
We are going to devalue or default. There is no other option unless we invent fusion power within the next year.
To stave off default, expect the government to get creative. If you do cash out the IRA, be prepared to leave the country. They will probably try to clawback, but only if there is a significant portion who got out. Argentina lived with certain people's fortuity and if they get 95% of the 401ks out there, they're unlikely to waste significant time going after those who got lucky and got out.
Can't get blood out of a turnip tho. They can garnish and harass, but should not directly imprison right away. That is something that should be able to be seen coming.
Don't ask me how we see default coming...the treasury auctions are still going off at 0% and gold has not moonshotted. The problem with a devaluation is not just international trade and international trust, it's that the prescriptions for it that mirror those made in 1934 and the graphs showing immediate increased economic activity do not account for the fact that we have a declining peak supply curve overhead. If we succeed in goosing consumption via a monetary solution of heavily negative rates or high inflation, we will smash headlong into the oil supply ceiling again and all hell will literally break loose there.
yes...let's grow forever. It's not like we live in a finite system.
The economics models we rely on were hashed out sometimes more than 100 years ago.
THEN, there was no perceptible ceiling to growth.
I put this question to people to get them to understand how quickly ceilings come on - you have a bottle with bacteria. It starts with one in it at noon and it is full at midnight and these bacteria double every minute in population. At what time is the bottle half full?
People with no credit left and declining income do not possess a lot of confidence.
I talk to school admins in a rich county in NoVA and hear stories of every other person having a layoff or some kind of job issue.
Tysons Corner mall was very light traffic this weekend for an Xmas season. Just one or two data points, but things are atypical.
If you're an average worker out there, you cannot have confidence...I'm on the toilet and hearing FTEs in this company talking about whether to take the 3mo voluntary severance or roll the dice for the layoff + 1 month.
As long as that type of zeitgeist permeates, there's not going to be much consumer confidence.
ponzis, all...corporations did the same thing with excess pension payins as the .gov did with SS. They goosed the bottom line EPS and paid themselves performance bonuses based thereon.
Exponential growth is the problem.
Thought question - you have a bottle with one bacteria in it at noon, it's full at midnight, the bacteria double in population every minute. At what time is the bottle half full?
The point is that finite headroom constraints come out of apparently NOWHERE. If you take 10 doubling intervals prior to capacity, you have 1/2^10 of the ultimate system capacity...nothing but empty bottle as far as the eye can see. Anybody sounding the alarm about the unsustainability of the growth rate would be laughed at as a fool because less than 1/10 of 1% of ultimate capacity is currently used.
The wise man conned the Indian king in the old parable of the rice grains and the chessboard with the same doubling con.
The problem is that, psychologically, humans are *incapable* of understanding exponential growth. Perhaps this is a function of normal IQ versus genius level because it's never posed much problem for me but most people cannot do simple multiplication in their heads and we all remember kids in school counting with their fingers.
A recent psychological study showed that ordinary people tend to find two points on an exponential curve and then conduct a linear interpolation of that rate of change into the future, where they end up so grossly under where the real value is that it makes a fool out of them. The exponential, OTOH, is its own rate of change at any given f(x)
does this mean that Happyjoyfun "growth" is intractable? Plz say it ain't so...
not exactly...CDSs were an integral component of synthetic CDOs.
The way this worked was that the originator of a CDS receives payment streams, just like a bondholder would. The enterprising Wall Street wizards decided that they should tranche these streams up and sell those products off as synthetic CDOs. This works great because it's like a bond in reverse except with no initial capital. You get yield based solely on a fiction.
There's an entire synthetic economy out there.
this is a dislocation waiting to happen...all the volume is crushed into the shortest maturities. When "they" figure out the transition, bonds will crash
they are keeping TARP open because there is no political will for another "Porkulus" bill in the trillion dollar range.
They had 2 9-figure appropriations in the span of a few months, and the people can still do basic math.
Everyone has this sense that we're bankrupt, but wait till it percolates up into the higher consciousness.
you know the data's got to be bad if the UE headline rate went up but at the same time participation rate goes down...
what would the UE rate be if you actually counted all those people who are, you know, unemployed? 17%? 20?
meh...cable news. Popularity doesn't matter, control of key electoral whale states does.
Besides, in media, what, like 70% self-identify as democrap?
if an idiot like Krieger is in the top 1%, then yeah you have to pretty much just be lucky to get there
This is why you have to go places that are not in this rolodex. Drive in cities in brazil, see families living in a park or on sidewalks on pieces of cardboard. There is your real world.
The richer people I know are increasingly out of touch. Too chickenshit scared of reality
You and the OP clown; wake the fuck up.
where the fuck have you been for the past 30 years? America that you think you knew is DEAD. It's GONE.
It was RACIST. And that's the beginning and END of it, ok? You and all you fucking pathetic piece of shit belly crawling whites ALLOWED yourselves to be led to your own destruction and to be labelled with this bullshit and the nation your forefathers built is GONE.
It's fucking HISTORY, get it?
Obama isn't the canary in the fucking coal mine, he's the collapsed miners coughing up blood. He's a symptom of the latter stages of terminal condition, not an early warning sign.
The early warning was the fucking riots in 67 where useless brown people burnt shit down in an orgy of violence and WHITES accepted the blame for others' propensity to be violent and inability to create or sustain civilization. The flood of mexicans PERMANENTLY entering the country was your warning. What the fuck, you actually believed that they were just like you with a fuckin tan, huh?
And it was all IGNORED. Because you chickenshits were afraid of that faggot jew marxist word "racist." And they ran game up and down your ass like a drunk whore in a frathouse.
America is dead; get over it. Fucking Krieger, seriously...fuck you. Don't come in here preaching like you saw the fucking light when you voted for that piece of shit in the first place, and for the SAME fucking reasons people like you didn't say SHIT when people like him burnt down half the big cities in this nation and commenced to running the Paris of the West into the fucking GROUND. You just looked the other way and stayed polite and PC and turned and pretended shit wasn't there. And NOW that the sea of shit is lapping against your doorstep, you're fired up? GFY.
ANYBODY who voted for Obama is a TRAITOR in the deepest sense of the word. Half of you idiots don't know what the score is or even what fucking team you're on.
the elites are in no real danger.
Look around you. Marxism won.
They've got the only plausible opponents to marxism divided down the middle and dancing on strings, salivating at bells, and cowering before sacred cows that they daren't challenge.
They have the entirety of europe browbeaten, especially the germans. Every time germany gets out of line, they throw up original sin of HOLOCAUST. In the US it's the same. Go ahead and appeal to the "founding fathers," they've been totally deligitimized now, so much so that people actually AGREE with renaming things named after them to reflect more diversity.
There've been no real revolutions in marxist countries...the only ones there have been have called for more marxism.
Even on ZH there are massive marxist undercurrents against 'the 1%' and calls for redistribution, class warfare, and implications that inequalities are resultant from oppression.
Nevermind the idiots who talk about the vatican and the fucking Queen of England.
you DO understand that major shareholders like Capital Group are fucking mutual funds, right?
Even the big banks that are major institutional owners are holding in trust for zillions of little people out there.
dude...if you're seriously suggesting at some point we are going to invade fucking AUSTRALIA to steal their gold by executive order, then...capital controls and whatnot are some of your smaller concerns
yes, but don't forget racism; it's more important than ANYTHING.
Diversity = strength
there would have been lots of time had the zionists not told the germans to just put them in a fucking dumpster when the zionists weren't given State recognition by the western powers.
yes because we know that diversity cures everything.
Also, listen to how HORRID it is that a population doesn't continue to grow. GFD if it fails to grow, everything collapses. This doesn't sound like something sustainable does it?
I will definitely move to Japan to impregnate jap chicks tho...hell yes, sign me up.
Africa...didn't their population quintuple in the past few decades as western food aid subsidized a ridiculously high birthrate? Same thing in arabfuck countries.
The Four Horsemen ride hard in Africa
yep..or mexico and el salvador.
the reason that those places are like they are and japan is like it is is because of WHITE RACISM. And oppression and all of that.
Once Africans move to Japan, they will fit right in and be just like brown japs with gigantic lips...there's no inborn difference between any of these races; it's just a social construct that curiously can be tested for with DNA marker analysis.
so if we're goin ZIM, you should be levered long to the hilt, right?
Oh and you better be armed if you're white.
yeah, they put that plant there KNOWING that 40 fucking years later, an earthquake would happen ON ANOTHER FAULT LINE TOTALLY ELSEWHERE and wipe it out with a tsunami.
You fucking idiot
Fuckers like Mike Krieger voted for the present pig. A racial vote. Out of guilt or trying to have "evidence" to prove a negative. Futile, but such is the way of the conditioned.
The majority has elected multicult here too. And they will destroy themselves. It's pretty simple and it has a nice, clean historical arc to it. See, nature doesn't care what we value; it has its own forces of creation and destruction. We might think this or that mountain is pretty and nature decides to blow it up. Nature might burn down a forest we like and it's barren for longer than a human lifespan. Mt. St. Helens is still surrounded by barren territory even 30 years now later.
the cretin brown population is simply the force of destruction coming to wipe away what was created. Ashes to ashes, dust to dust. It won't be the end of white society or white people, but it is the end of the expansion of "enlightenment" and "western civilization" and all of this. Brown people don't give a shit about women's rights and this crap. A woman in africa is more likely to be raped than graduate high school. What this says to apparently only people who are intelligent enough to see forests for trees is that the population there values rape more than education for women. It's really that bluntly true...stupid is as stupid DOES. Core values are expressed via action.
It's pretty clear that the expansion phase of creative society is over and now things go the other direction. Eventually, there may be another reawakening; who knows. But countries such as Germany and the rest of them are either going to wake the fuck up NOW or else they are lost. But waking up, just like I keep saying, is going to require slaying a lot of sacred jewish cows and deenergizing a lot of jew-powered 3rd rails.
Or to put it another way, it's going to require acting SHAMELESSLY ethnocentrically and discriminatory, like jews do.
There's nothing of value in any culture just because it's a culture. Fuck the injuns, fuck savages. Nobody, even THEM, likes their own culture. They always want to have what others have. But to say these things is apocryphal; people won't go near this even if they're only THINKING the thoughts. It's too scary; being racist is REALLY THAT EVIL. But that's a learnt response. And it's a fiction. But whatever.
What's going to happen is going to happen and life goes on.
let's calm everyone down here.
The Fed held the gold. The Fed leased the gold to Bullion Bank. Bullion bank sold the gold to someone else and bought USTs.
The reality is that the gold most likely NEVER MOVED AN INCH. It's still at the Fed, albeit with a cloudier claim chain atop it. And the chain of title has a *cash settled provision at every turn.
If the Fed actually forklifted that gold out and it moved, then it's in someone else's warehouse. There may be multiple claimants to beneficial ownership of the stuff but only one entity holds it. And if you're a claimant, GFL getting the actual stuff out of there.
The Bullion banks will merely BORROW money from the Fed at 0% to pay the Fed for the gold that they sold and now must buy back but which never actually moved. In fact, paper gold permits them to buy gold that might never actually ever be mined. It's just record ownership. Until/unless actual claimaints stand for delivery and TAKE delivery of physical metal, it's all just a set of promises settleable by cash.
A bunch of stackers won't force this; only sovereigns trying to bust the USD system could. Trying to use this to trade against other physical stuff as Iran and Turkey have been doing.
Is this a price suppression? Who knows? Until people actually want to PONY UP the money to see if there is physical supply to move at a particular price, there's no point in arguing it. This isn't the oil market where you need real barrels to burn. Gold and cash are, at present, interchangeable as assets. The eventual "owner" of this gold which is still parked in the Fed's vault, has a claim against the bullion bank which is a lessee of the Fed. If you were a size buyer like the bullion banks would be moving against, you would NOT want the hassle of trying to find a vault to store this stuff in. The Fed's vault is arguably the most secure on the planet. To the extent that you can continue to write checks against what's there and people accept those (FRNs), the system is sound.
so there's no worth in property in a 90% black jurisdiction?
I thought diversity was good?
Detroit was, no more than 60 years ago, called the Paris of the West and the Arsenal of Democracy. It was one of the world's great cities.
Now, look at it.
buy some time for what, rape and murder?
where do blacks go that they do not forcibly occupy the lowest thug rungs of whatever socioeconomic ladder exists?
the leases will be unwound over time and with cash...until/unless someone stands for delivery in size, the game plays on.
shut the fuck up; sovereigns are not stackers and I SPECIFICALLY said sovereigns could force the issue, you fuckin jackass.
JFC, why are you idiots so dense?
Gold consumers who want real gold buy the stuff from ACTUAL PRODUCERS, not fucking banks.
nah; black power is dependent upon belly crawling idiot white enablers.
Also, their reproductive rate is dependent upon others feeding their children
Krieger is such an idiot...in one article he says that the market is foodstamps for the 1% then in the next he says that the gov is going to seize market funds.
OK...if they do that, revolution ensues. Immediately. The lower portion of the 1% has more numbers and more political power than the top slice just by virtue that they are the business owners and trade classes, the professionals. The lawyers and doctors are those who lead and start revolutions, not the cretin class or the wymyn's studies majors.
You can't just screw most of the upper class and get away with it.
the USG was bankrupt and this was the only way to get interest money lent to them from thin air
careful there, you're going to start putting reason behind historical "antisemitism" and we can't have that
Golden Dawn = Greece is for GREEKS.
Stop calling them fucking Nazis when they have the same immigration policy as Israel.
why are these people calling this a negative???
It's a POSITIVE. It means that the "rich" are paying their "fair share." And the poor, who are ONLY poor because they were oppressed and their wealth was stolen from them, are ENTITLED to free stuff.
That's right, the rich STOLE the poor's wealth; that's how they became poor. They were formerly rich, probably born that way, but then it all got STOLEN by the rich right out from under their hapless noses. Maybe it was carried off in a bunch of big, silent trucks, but it was STOLEN. That's what I hear on TV and from the left, so it must be true because the left loves science.
And that's why we need reparations. Because YOU didn't build that. Someone ELSE built it and you STOLE it from them. Now, I can't answer as to whether THEY built it or simply stole it from you, but these aren't questions you should be asking. They're seditious and evil questions.
The haves have because of stealing. Except asians and jews; that's because of hard work and the culture fairy. They would have even more except for all the oppression and hatred they suffer but not quite enough to warrant affirmative action.
nah, bitch, he part of da solution.
why u tryin to oppress all doze EBTzes and sheeit? Dey don't want that cracka shit muffugga, all that food n sheeit and nutrishun and shit. Dey beez gypshuns n sheeit. They gots gold toofs ta buy and rocks and dat shit need papuh
let's see...I paid enough in fucking taxes last year and the previous few to cover entire fucking salaries of professional class people. So where exactly in the fuck did I STEAL anything from fucking ANYONE?
Oh you meant *I* should go on EBT...gotcha, my bad. Because all the other taxpayers are thieves except of course me.
well, the US is saying ok, if we think you're going to attack us, we can cyber attack you. We said we don't want Iran to have a nuclear capability of any kind, so we will sabotage it with malicious code.
So at what point does someone say "United States, we think you are going to attack us and we don't like your aggressive nature and we don't want to be attacked and we don't think you should have a nuclear capability either," and decides to attack us?
I mean, if you're a random nation, do you fear...a) Iran...b) the USA? I mean who is more likely to attack you on any given day?
we have spec ops guys in a dozen countries at least, drones all over the place. A threat of attack is pretty realistic. Same with from Israel. So it would seem that this preemption doctrine would justify an attack against the US.
thank goodness our infrastructure is so decrepit and ancient, huh? You have to actually come here and sneeze on it to black out the east coast. Like that Onion article about terrists attacking our high speed rail system...lol
it's unfathomable that both government workers could exist that are stupid enough to believe that price controls could work (nevermind the EVIDENCE that they don't) and that there are electorates EVERYWHERE stupid enough to elect them.
brazil is the country of the future and always will be.
Problem in brazil is oligarchy and the response by the electorate is to try to "vote" themselves some loot too.
Everyone in that country is on the take.
nah; they voted with their programming.
a LOT of people feel the need to marshal "evidence" to prove a negative, to rebut a label they were slapped with before their PARENTS were even born.
Back on topic, nothing will destroy a mall faster than diversity
here in the Imperial Capital, malls only get done when they build transit conduits enabling MS13 and diversity to travel to them.
well, we produce most our electricity with coal and nuclear and NG, so yeah we ought to be ok
you can find resource MLPs that yield near that...8%?? And that was the HIGH water mark.
Yields have collapsed. This phenomenon is a warning omen of heavy inflation coming, btw. Money is going to start competing for yield and that means prices on things that have any kind of yield potential go up. Paradoxically, that could be house prices.
Money is already chasing the stock market and its pitiful yields well beyond what would be expected. The price of yield is simply a LOT higher now than we're accustomed to. This is how people like Durden can look at market returns against historical PE and yield averages and say WTF. It's just cheap money chasing scarce yield. Yield is supply and demand as well. It's why people like Gross are whining so loudly; he's having to pay A LOT MORE than he's accustomed to or he thinks is fair for his yield.
There's MORE than enough money out there to hyperinflate nearly everything.
we're in an economic reality where money is cheap but real yield ISN'T.
All this cheap cash will start to chase, and when it does, it's like when a member of herd breaks in front of predators, there's basically a mass stampede.
You don't want to move your money too aggressively toward the herd, because they will spook and then you get run over.
The bond welfare queens of the past 100 and whatever years are now looking at portfolios which are no longer magically growing...this money is going to be chased out into the open as it is forced to look for a home that can support its growth needs. And we haven't even gone to NIRP yet lol.
This is what happens when economists and bankers get to mess with money instead of tying it to REAL BILLS, which self-regulate.
there IS NO SUCH FUCKING THING.
You people cling to this idiocy like Santa fucking Claus. There's never been a free market, ever.
hasn't janujah been forecasting a crash for like ever?
A lot of money has been made lately fading ZH's apocalysm.
The inflection in the US's oil production curve is all you need to know. it's morning in america again like the North Slope. Won't be as bright a morning and won't last as long, but this is literally what MATTERS in the world.
if you believe any of the official numbers from China you're dumber than the last guy
who gives a fuck? What would auditing the Fed prove? That the banks are insolvent piece of fucks that are on the take? JFC like everyone doesn't already know that.
most of the people "remembering" weren't even alive back then, therefore they remember exactly jack shit.
i saw negroes in africa with "Mugabe for President" T-shirts too...go fkin figure, even after the guy destroyed the economy and COMPLETELY annihilated the currency, he still has supporters.
People are WTF stupid
China, after years of being coddled by the West, seems to think they can get away with anything. the world doesn't really need all the cheap shit they make.
speaking of zimbabwe; I was just there a couple of weeks ago, and while there I banged this chick from Harare who I thought was from the UK.
I'm on whatsapp with her right now and she is defending Mugabe as a "an intelligent man who knows what he is doing and the best option yet...the western world just hate him coz he knows too much to put them down"
I really can't even fathom this from someone who lives in Harare and is educated and actually still has a job.
The country doesn't even have its own CURRENCY anymore; this guy and his cronies destroyed it totally and yet people still defend him.
Africans should not vote- ever.
you're right, of course. I don't know why these fools can't see this.
I still have my vast stockpile of USSR rubles and they are worth every penny I paid for them, TO THIS DAY.
CASH IS KING!!!!!!111
see my post upthread...there are nonstupid people in ZIM who think Mugabe is a smart man doing a good job and that failure is a matter of Western persecution. Aka, niggerology explanation.
I'm going to hazard a guess that not only have none of you ever been to zimbabwe, but you've never even MET a zimbabwean.
Mugabe gets ELECTED by popular support. So wtf good would it do to ask anyone there anything?
damn shawty, dat rayciss
Man, if i didn't know better, I'd suspect that crime and violence had a heavily black intersection. That's scary to contemplate, so I'd better stop.
people need to REALLY, SERIOUSLY internalize what's being said by these people to just get a handle around how far apart you are from them in terms of your BASIC concept of the "social contract," what acceptable behavior is, your present- versus future-time orientation, etc.
These are gibs me dat people and when you don't gibs, they get angry then violent. It's like a beast where you dangle a steak. Dogs get upset when you do that then they get to biting. It really is a simple issue that people make complex, trying to find some intellectual "reason" with a lot of convolution as to why THESE people could be THAT angry.
They are JUST THAT WAY BY NATURE. You pack cichlids into a tank, you get fights. They are violent fish. Too high a population concentration per unit area leads to violence.
you fucking racist.
YOUR people have farming.
Humanity is broader than YOUR PEOPLE and YOUR HISTORY, ok?
blacks don't fucking farm, africans didn't farm...even when HANDED FARMS like in Rhodesia or RSA, they DON'T and WON'T FARM.
Fucking Haiti freed slaves in 1802 and the agro production COLLAPSED immediately...same true in Guadeloupe, Martinique, etc. Blacks don't DO large agriculture; they barely grow enough to feed themselves on others' farms. They have no desire, intent, capability, capacity to band together in disciplined groups to engage in collective action like farming.
Stop being a fucking RACIST and projecting yourself onto everyone then getting irate when they FAIL TO BE YOU.
Why post armed guards and metal detectors at black schools?
Do you really have to fucking ask such a stupid question?
the 90s? Dude it was ethiopia, malawi, and mali in the fucking 70s!
I remember praying for them and shit.
So, we sent them food. We minted some african billionaires who stole it and sold it on the black market, and who black people INSISTED on being ruled by.
And the population of africa quintupled and they are STILL FUCKING STARVING.
What SHOULD this tell white people in the west? Of course, the "miasma" of racism is really just that powerful. And the west is obviously somehow "raping" africa...like belgium did in Belgian congo by building the only roads, electricity, hospitals, schools that exist in the country, and delivering a GDP growth rate under colonial rule similar to modern China's. THAT kind of oppression, bitchez, the evil kind of climate control, electronics, education, and medicine. True muffuggin RAPE.
my buddy can take care of it
My first NSX was totaled taking out such a mailbox with my buddy driving it...it's cool to see bricks going past your face at 60mph while sliding across a yard after he oversteered...luckily nobody was killed lol
of course! Archie was a stereotype produced by jewish media of a person that DOESN'T EXIST.
but he was the "real" and "true" white america, wasn't he? The white america that didn't seal the border, that elected obama, that supports affirmative action, that crusades in places like Haiti, that every other chick in wants to go to africa as a volunteer to help out. Yes, THAT RACIST REAL AMERICA.
The hidden one. Hidden, unseen like a miasma...floating and wafting around to oppress blacks when they least expect it. Just like the Atlanta child murderer was, according to the inner city, MOST DEFINITELY a white man. Had to be. Nothing bad ever happens to a black person without that evil true white america, usually people with german accents, behind it all. TRUE crime is committed by whites like on CSI and they're behind every evil imaginable.
You've really caught me out man, with your keen wit...the perspicacity of it is like a can of tuna- a small can.
but you're absolutely right...Archie was showing white america TO white america and showing white people that they were racist EVEN IF THEY DIDN'T KNOW THEY WERE. The REAL white america is Archie Bunker, of course, just like the REAL definition of "racist" only applies to one group and is BY DEFINITION applicable to that group as a function of being in that group. See, you're Archie no matter how you act or how you are. You're guilty motherfucker even if you don't do anything to produce guilt. And because it's on TV, that shit is GOSPEL.
Why do we even have the word "white" anymore? Just change it to "racist."
So, we have asian americans, african americans, latino americans, and racist americans. I think when people ask me what I am, I'll say I'm a racist american from now on because that's functionally interchangeable with white by the definition of the word.
nothing wrong with debt per se!??!
Why every religious text has shit recommending very strongly NOT to be in it and forbidding usury?
Oh I mean except for the jewish portion which mandates interest lending to outsiders.
Pick 2. you cannot have all 3
edit: ok, I read some of the reply comments to that blog post. LOL. The exemplar of the mental 3rd rail contingent is ever-present. "Oh, if there weren't evil Potent Director elites controlling us through divide and conquer, we could finally achieve the ideals of Lennon and we wouldn't be fighting each other." Lennon/Lenin, wtf is the difference.
It's bullshit. These people are still so scared of their mental 3rd rail and this label that they would concoct Potent Directors to export blame for human reality onto. It's not that we biologically ARE NOT equal, that we biologically DO NOT get along, that there almost CAN BE NO common ground. Damn, that's just too sad to contemplate so let's insist there are evil masterminds, unseen, pulling the strings and MAKING it thus.
Everyone: nature doesn't give a fuck what you think or want. The truth doesn't require your fucking consent to exist.
I need to upload a what'sapp conversation I've been having with the ZIM chick I banged a couple weeks ago.
It's "illuminating." Or it would be for all the ZH morons and mental 3rd railers out there.
In essence, she RECOGNIZES and does not dispute that white people built everything. Her response to it all can be summed up as "clap for the white man. Now we enjoy his fruits."
She's staunchly PRO MUGABE. And this is what you idiots just can't fucking GET or GRASP. Your reality is not THE reality. Just because you think something is a universal truth neither makes it true nor universal.
Mugabe enabled her to have a lifestyle she wants. So she supports him DESPITE his objectively having FUCKED the economy so badly that they don't even have a gd'd CURRENCY anymore. She's like the USD is great. AIDS was invented in a lab. Shit is because white men invented facts to justify actions against blacks. To my statement "white doctors go there for free to help you savages"..."well they are fools."
You bitchez know that I don't pull the punches on the facts and I already hit it so wtf do i care what she thinks...THEY ARE FOOLS. Get that through your heads, YT guilt traitors.
ok, hedge, you came to the right place, bc Ima bout to lay some troof on that azz.
I'll give you the SAME ADVICE she would get from a woman's board.
Start hiding assets. Reduce income. Make her go to work. Then bushwhack her out of nowhere with a divorce filing. Change the fucking locks, move everything out, drain all the accounts that are in both names. Just go alpha strike.
Sue her for nonperformance in tort along with divorcing her. Also, relocate to a custody-favorable shared custody state.
You have the rest of your life, don't be letting that cunt fuckin ruin it.
Have ANY of the idiot motherfuckers on this site even BOTHERED to look at a production curve of gold??
It will answer your fkin questions.
just ONE person trampled?
That's not even a notable count from a single walmart on black friday
who cares about these freakin geeks?
Things don't change until people start getting hacked...UP.
I have experience with the hindu mafia in IT; they behave the same way
the only people who show no solidarity are european whites...punks.
you do understand that the nation is in serious debt to seniors to the tune of trillions, right?
So gramma's little SS pension vaporizes in jubilee, along with everyone on a fixed income.
you should really see my txt convo with the ZIM chick. And she didn't even get "offended" like an "african american" would have.
what are you trying to say, spit it out? Is your mental 3rd rail buzzing at you, man? Are you getting scared of being labeled so you felt the need to post something supporting "coloreds" lest people infer from your silence that you agree with me?
stop being a chickenshit. They're GOING TO LABEL YOU ANYWAY, haven't you fucking whites figured that out yet? The WORD ITSELF applies to YOU and ONLY you. It is in the original DEFINITION.
You have "white privilege" as a racist-american. Get over it. Make peace with it and laugh at it as I do.
Only the germans would actually go after a plagiarist. That's highly white of them.
Here in the USA we would give them a holiday or a pulitzer (Roots).
you could have just said "yeah, you pretty much have it nailed, man."
instead of this long-winded diatribe that doesn't say anything. bitch, you just fuckin stutter around and spout truisms...
Myopic blaming...you don't even know what the fuck you are READING, do you? Learn to read for comprehension, then come back. Stop INFERRING shit that ISN'T THERE due to your OWN fucking BIASES.
I don't honestly give a fuck about your criminal daddy or your black fuckin friends, get it?
You're a CHICKENSHIT because you feel the need to come in here and fight against the truth out of GUILT.
If you're going to talk to me, don't start by putting up half a dozen strawmen in your first sentence.
fuck, here's just the first hit on world gold production
look at the chart; it's cribbed from USGS. A relatively significant increase in production over the past few years has led to relative price stagnation. 2011 exceeded 2001's peak according to data I saw.
unless you ppl want to kvetch about the fucking daily movement instead of the larger trends, in which case have at it.
they have to prefund pensions...so congress can raid the monies.
If the US had to prefund like this, we'd have deficits of $200T
the CBO does analysis that tell people what they want to hear. And because it's "nonpartisan" and "Democrats and Republicans agree," that makes what they say TRUE.
nah i can attest that they certainly do give Fs. Kids are allowed to fail.
Maybe not black kids, and they have to adjust for NCLB the percentages that pass to qualify as a compliant school by race, but whatever.
Brazil is on its 3rd currency in a few decades, bud...
Colombia is well into devaluation of their peso, like 1800:1 when I was there.
But again, hell, I was just in fucking zimbabwe, FFS...they don't even HAVE a currency. Life goes on and some people actually still have jobs (if they are connected to Mugabe somehow). It was a hoot paying for everything in USD. Like yeah, that's right bitches, whitey's fuckin paper
The Visible Black Hand of Economics
Think of all the cities wasted and gasoline wasted by white people having to move to escape these savages...
what the fuck? NO, motherfucker, I have never done time. Never been pinched, only stopped once for jumping PATH turnstiles when I was in college.
I ain't a lowclass thug like your daddy, k?
You must know something I don't then, because nobody invited me back.
Someone commented that THIS username was unlocked and so I attempted to log in and it worked. The other one with 4 7s is still blocked.
I don't really particularly give a fuck about you people, I just speak the truth.
If you want to call that "Racist" that's FINE with me. I am a "racist-american." As are ALL WHITE PEOPLE.
And, no fuckfaces, including Hippocraptic, despite your protestations, YOU TOO wear that label and YOU TOO are gonna get slapped with it. It's part of the definition of the label.
You Passover Syndrome motherfuckers will learn the hard way; there's NO amount of white blood you can smear on your doorway to make the scourge pass you over. They will strip, beat, murder you just the same as they did that dumb anti apartheid bitch with the father who was an even bigger fucking punk.
Either way, like it or not, I drive eyeballs...plenty of people have left and few have posts wondering where they are and please come back. I don't own this place; if the owner wants me gone, fine, shut the name down and i'm history. I'm not going to slink back in through some other username. Ban the name and i'm audi. But nothing is going to stop my speaking the truth and the truth doesn't REQUIRE YOUR CONSENT to exist.
But, I am not on the payroll, not a sockpuppet, not in cahoots with anyone, not an "obvious psyop" as CD said one time ROTFL
and, know what? You're delusional.
You're not an insider and you just think you are. You're like a lot of white people, you trust people.
Like I said, dude, if shit goes sideways there, so will you...and you'd be wise to remember TIA. It just IS the way it is.
I found Africa to be really cool and by and large a decent place if you stick where shit isn't sideways. But am I gonna walk through Joburg? You out of your fuckin mind?
West Africa is the land of Sierra Leone and Liberia...same ethnic stock as Ghana and the places that are presently stable.
And if colonization is permitted, these could be very prosperous places as RSA was (they let blacks run their own areas and they had the highest SOL in Africa), Rhodesia (same), and Belgian Congo.
But, until then, you're on borrowed time; every african nation is one election away from a Mugabe.
The Fed wasn't printing $45B a month back in 2008 or 2000.
Look, it's going to frost a lot of balls, but the denominator is changing and you need to recognize that.
nah, there was one guy on ZH who has repeatedly advocated a long Pt/short Au pair trade. Some of the biggest morons on ZH even derided him for suggesting it, right before Pt went basically vertical.
if the USPS does this, what are black people in cities going to do for work? The USPS is an absolutely critical organ of government policy to enhance diversity and to create an artificial black middle class which wouldn't exist otherwise.
Instead of cutting service, they should be expanding it, along with hiring and promotion of blacks. WHO CARES how much a stamp costs? That is small change for white people with all their privilege to pay to make up for the centuries of discrimination against black people.
excuse me...we need black millionaires and a black middle class.
Diversity is the most important thing in existence. The USPS helps us achieve that. If you say that the USPS does a shitty job, then I say so what? The quality of product is not important- diversity is what matters.
NASA and JPL and these institutions are failures not because they land SUV-sized packages on planets 50M mi away but because they don't have diversity. Diversity is what makes you a success or failure, not actual performance. The latter is unimportant, meaningless.
Because shit is free and someone else can always pay for it; especially white people with their "white privilege." Stereotyping is WRONG except when using phrases like "white privilege."
Our national policy must be to INCREASE this bloat because this is where we get our black managerial class from.
Without this layer of bloat and race-based promotion guidelines, we would lack the proper images of blacks with suburban mcmansions and big SUVs. This would be a national crisis of unimaginable proportions.
No stone should remain unturned to rectify "white privilege" and enhance diversity. It doesn't matter if the mail doesn't get delivered or it costs $50 for a letter or if the lights don't come on or the roads in the countryside have massive potholes like in RSA or if the currency is completely destroyed like in ZIM or if almost every artifact of former civilization is dilapidated and wrecked like Detroit or Belgian Congo, diversity is the PRIME DIRECTIVE in everything. Success and failure is determined by how much diversity you have.
In that respect, the USPS is a shining example of success; a true paragon. Industries like silicon valley and the space program are total failures. They should be eliminated like advanced science classes were at Berkeley HS and for the same reasons.
a small fraction of the annual production of gold. Pray for more meteorites I guess.
192 metric t vs 2500 or so for gold...Pd has similar metrics but Russia has been depleting stockpiles on that and the production is a bit more diverse.
have you, like...looked a fucking CHART of production for either of these metals? It will answer your dumbass questions...
someone on ZH. Said that I was back, that my account was no longer locked.
I get talked about even in my absence. People checked on it. I happened to browse the thread.
Nobody would miss you; sorry.
The truth isn't fucking relative; it stands on its own. You may not LIKE the truth - I get that.
You think that if you just shout racist enough it'll cloture facts you wish didn't exist. But you can't stop me. Nobody can. Because the truth is my ally and a powerful ally it is. And ultimately, to beat me you have to face IT. And it always wins.
I embrace your label. I am a racist-american, because the word white is so 1900s. You are one too no matter how much you crawl on your belly to appease non-racists. They don't like you, they don't want you around, they would slit your throat and steal your shit without any remorse. Your jewish marxist gay label has no power over me. I laugh at it and spit on you.
I know you are slow as fuck, so let me just go through this ONE MORE TIME.
I ORIGINALLY had this username. It got locked one day, and I thought I forgot the password. So I put another username on with 7777 and used that until it was banned. Got it?
They don't. Blacks have no real power.
Go and research organizations with political power like NAACP and see who runs and funds them. But I think you already know the answer here.
And that group has a significantly higher average IQ than whites. So in a way, their class vs class rulership is somewhat meritocratic. However, I'm the biggest individual meritocrat there is. I don't give a shit what the fuck group you belong to; what matters is who YOU are.
Consequently, I would have a meritocratic elite composed of whomever belonged there, not the relatives of people who did.
yeah nobody successful bought a bunch of MSFT or ORCL back in the day and held it. Or even AAPL.
and nevermind what the western powers' central banks did to Germany during Weimar, with Warburgs on opposite sides of the negotiating table with their overarching goal "is this good for our tribe?"
Of course, Germany's historical grievances against others are NEVER mentioned.
they weren't oppressing people.
Look, wtf? It's not fucking OPPRESSION to disallow savages to fucking VOTE and have equal rights!
Who are the delusional idiots who write these articles???
Do they ACTUALLY believe that this situation in which we find ourselves could just be FIXED and we could go back to the gold old days of 'economic growth' if we just applied different "economic policies"?!?!
I have BAD NEWS; the ENTIRE pseudoscience of economics is a TOTAL load of bullsh!t. It wasn't RIGHT before peak oil simply because it happened to fit the facts then. It was just a coincidence. The entirety of the profession arose as a result of FLAWED ASSUMPTIONS about why things happened and how.
The policymakers are NOT MAD. They can do basic math on compound interest and realize that the credit system won't grow organically so they have no choice but to grow it by force.
The fundamental problem is the attempt to perpetuate exponential growth and NO ECONOMIST even acknowledges this. Where are the chapters in economics texts "when growth ends due to production rate constraints in a finite world"?? Where does growth EVER end in economics? Economics isn't even a very good model; it's fantasy.
RUBIN IS TELLING THE TRUTH.
Santelli should STFU.
NOBODY (in their profession of economists) COULD HAVE SEEN THIS COMING!
This is gonna sting, but it's the truth. There IS NO PLACE in economics for ANY discussion about when growth ENDS. And that's what happened in 2008. Global Oil production PEAKED. This was never contemplated in economics. Their glib answer was "price" would just "figure it out." Innovation would happen...hunger would cause a sandwich to manifest.
Rubin grew up in that church; they ALL DID. They DID NOT believe and STILL DO NOT that the increase in the price of oil won't somehow cause new production to come online. Global output is still in a state of decline and there are no substitutes coming. ALL of the GLIB answers economics had for the real world are a pile of crap.
No engineer respects an economist. No physicist does. Sure, lots of them got paid to build models to tell the beanheads anything they wanted to hear and they took that money to the bank knowing the models were total garbage. I've worked in forecasting and the models are whatever you put into them along with the "assumptions" and the latter are what you are TOLD by policy people to assume.
Not a single ONE of these clowns knew or acknowledged or believed or accepted Peak Oil or Peak Anything. It was impossible. Oh, if Helium peaks, we'll just "find alternatives." Right...to an element that's only produced via alpha decay of U238...lol. It's effing absurd but Rubin says the truth.
Santelli plays a role...that's what everyone on TV is, a persona. This is the Rick Santelli persona, like Colbert has a persona too that is different from the real Steve.
willie's been saying that for years...the USD doesn't end in 2013, not even close.
Right as we speak, the other major currencies are trying to dilute themselves against the USD, pushing it upwards.
nobody ever asked the taxpayers.
Listen, NOBODY goes to Canada as a freakin tourist anyway...there's not a helluva lot there. It's fking cold, no beaches, skiing is better in the US.
lol so there's a big group here who lost all their money shorting and you're in it too, huh?
Don't worry, those of us who didn't will take your nuts in exchange for watching our harems.
dude...a growth system collapses as soon as it can't grow, especially one based upon math and computers and leverage.
No, they haven't destroyed a couple fkin CENTURIES of anything...idiot, does it look like 1813 outside your gd window?
You cretins need to cut the hyperbolic hysteria and stop trying to blame MALICE for what INCOMPETENCE adequately explains.
horsesh!t. They can't see because their understanding of how things work is farked.
Their malfeasance is banal- it's incompetence. Sheer incompetence.
It was always easier to conform and not ask why a sandwich would manifest itself due to demand (hunger), but rather just assume it would because that had been the experience.
economics is a fking cargo cult.
ok, for the trillionth time-
there are TWO choices.
ONE, print money
TWO, let the inherently deflative compound interest system HYPERIMPLODE within...day maybe? Maybe less, possibly a few hours. After September 2008, everyone's finger is on the GTFO button and itchy.
The present course has produced a HELL of a lot less upheaval than the alternative. I know most of you have gotten blowtorched first by shorting the market since 2009, and second by buying silver on that "$60 by next week" GENIUS call by the resident ZH village idiot, but that is no reason to start crying about how evil masterminds screwed you over.
Brooksley was a threat to the System, so she had to be stopped. You people just don't GET IT, do you?
For a long time now, derivatives in the form of synthetic debt were the only source of credit growth. The system would have collapsed without them probably back in 2000.
uh; they hanged these teenage girls in public, on tv, dude. The regime there needs to fall, period, end of story.
The US executed murderers for murdering in heinous fashion when 16. So what? Savages called "youths" frequently mob up and attack, rob, rape, and kill humans...why shouldn't they be executed before they might reproduce?
you actually NOTICE the arrows next to what you write?
I cannot fathom ever CARING about it. The more I experience ordinary humans, the more I realize that we are barely part of the same species.
You people were MADE to shear and MADE to herd. You almost can't resist. You require approval from people you don't even know, even a virtual herd giving you virtual disapproval in the form of red arrows on a webpage is enough to get you to stfu and toe a line with the rest of the herd.
A little virtual sheepdog red arrowed you...bwahahahaha. How pathetic.
...except that they DON'T actually kill lots of people.
Petitio principii...can't let it slide.
WE kill lots of people. WE are the ones who are ACTUALLY killing LOTS of people. Not Saddam. Not Qadaffi. Not "Al Qaida." US.
Look in the mirror if you want to see the killers. Core values are expressed via action.
the rule will change for connected classes. Aka minorities.
The people who are the real tax slaves will be expected to just cash in their "privilege" and be good racist-americans and pay back what they "stole."
These kids are in for it...really. But their delusional, mental 3rd rail parents should have done a better job on accepting reality instead of pretending the truth didn't exist.
Who was it who recently said that the State should subsidize STEM and the libtard arts majors savaged him? They bristled at the notion that their degrees were somehow worth less than, like, a real degree in some real subject area.
You aren't allowed to even call fake sh!t "fake sh!t" anymore without having to apologize and pretend like you can't see reality the same as they can't.
I just had to thread reanimate this because I wager you follow replies to you from me.
Idiot...the invention of the word racist came from EXACTLY whom i described. It was not a pejorative, you moron.
now, GFY. Your legends are false and I fear no one.
Goog isn't innovating, are they? What, android? That makes MSFT more money than anyone?
MSFT apparently owns the SW world...
NO. The same amount, just amortized.
I have made this comment repeatedly- Rome didn't collapse in the time it took you to read about it.
in iceland they eat horses. Said that the ones that didn't have the 5th gait (uh oh, nature wins over nurture) were culled and eaten.
In Zimbabwe I got to have impala and warthog...the latter was gd'd good. Was not there long enough to try croc tail. The point is you'd be surprised what tastes pretty good when you go outside of the herd box of US "cuisine" parameters.
yeah they can't because they can't control nationalization cost or energy input. The ore grades are so shitty now that any perturbation in anything causes them to blow up.
I own an assload of miner stock, thus I hate them too...lol
It's all kinda an exercise in absurdity.
At the END OF THE DAY, this shit only flies because the FED IS the counterparty!
They showed that when these credit instruments are threating to find real value that they will print them to at least nominal value.
That nominal value might buy a carton of eggs, whatever, but the Fed will liquify the transaction chain to prevent the mad scramble for the exits that the math and computers force.
Because just imagine if that pension fund were to get stuck with that shit collateral. The buck might break on a MMF like Reserve Primary and then everyone and his mother goes to redeem and all hell breaks the fuck loose.
The Fed is there to ensure that if the buck breaks, that Reserve gets paid whatever the difference is to par.
It's a controlled deflation, not a collapse. It's leaking air like a tire does, trying to come down easy. Instead of blowing and scattering stuff all over the walls. The problem is that absent real structural reform, the crooks who abused the previous system are now abusing this one. And the Fed has not the inclination to stop them. They keep hoping that if they facilitate, that there is some magic point at which this thing will go back to how it was.
i have some business with an insurer up there and they already put out the "shit gonna get serious so talk to ur manager about staying home" email out
I'm going to take insurance out on my neighbor's house and then it gets hit by Jewish Lightning. I mean why the hell not, right? Nobody the fuck else is honest anymore
there's 50T of z1 credit they have to fund, so yeah
UE right now is dependent on who they classify as actually unemployed
it's strong until their next crisis wave...then they'll weaken it. This is just a pause so Japan can catch up
Idiot...there are more ethnic groups in this nation than those 3 you named.
And France's primary problem is that they imported africa to try to "fix" what they thought was a demographic issue.
They got people with NO INTEREST in maintaining infrastructure or society, just consuming it.
only if you're fuckin stupid.
The penalties were for hoarding gold and specifically coinage, bullion, money.
Not jewelry. The modern age makes a smelter within reach of nearly everybody.
I bet you people didn't know that I am highly religious. I intend to show that with either a calf made of gold or a gigantic cross. Neither of these religious symbols can be seized or would violate any of these provisions.
You people with your bullion are the real doomers. Us religious people are praying for your salvation...to our solid gold calves.
his manifesto is great...you should read it.
and not the redacted one.
He's staunchly pro obama, pro gun control, loves msnbc, hates the NRA, hates the fuck out of white people, claim he choked a fellow cop for saying "nigger" (typical race card concoction), that some guys actually sung nazi prison camp songs to a jew (how much more incredible can a made-up story be than this...fucking nazi prison camp songs??? who the fuck speaks german?), and on and on and on.
He's a typical example of the left these days, especially black.
And you racist-americans want to find common ground, bwahahahahahaha
ok...let me just say here for you bluntly: it is not the destiny of silverbugz to be rich. If you were the rich type, you wouldn't be fucking silverbugz, you'd have some class and be buying platinum and gold.
Silver is just a slightly scarcer industrial metal.
there's a cop going around mudering people with asault weapons...somehow, this isn't national news.
But george zimmerman was. sandy hook, aurora...
Do you note the difference in color between the "perpetrators"? The media won't tolerate negative images of black men doing what black men frequently do.
the news isn't covering that kidnap murder of the class president at UNC (eve carson) either, grabbed off the street, pretty white girl, by two black felons (one of whom had killed an indian student previously), taken to ATM, robbed, then shot 5 times and dumped out of her car. this shit happens all the time; it's an epidemic.
Yeah, i'm the racist...
It's Valerie Jarrett. There is some substantive rumor that the OBL raid was consistently stonewalled by Obama and that Panetta and Hitlery moved along with senior military, and just did it anyway. This would explain why he was in the corner in a golf outfit when in the situation room. The rumors say he was plucked off of the golf course, given a CinC jacket and told to sit down and that he was briefed basically when he got there.
fuckin britain pursued multicult and it has only destroyed their society and increased their crime rate
They're not learning from THAT either and in fact, lots of people will CHAMPION it even on this forum.
in reality he is a narcissist homo who cannot deal with rejection or disapproval. He's hollow. His daddy didn't love him and his mom was a wacko.
When the Constitution explicitly mandates trial by jury and due process for ANY citizen accused of a crime.
experience is the SAME, exactly so.
however, you have obviously never been to the balkans if you think of it as "war-torn." Only sign of war in serbia was a still-bombed building in Belgrade.
People there are ok...poor, but ok. Generally a HELL of a lot happier than americans. And the women are hot as fuck.
Last serbian i banged here came over having watched TV believing all whites are such racists and all of this crap and got here and was like holy shit reality is exactly the opposite of TV. Really could not believe it. I said that's cool and put my dick in her mouth
it should please you all that Marco Rubio is going to give the GOP SOU response in Spanish too.
You know, to shamelessly pander to fucking mexicans and other 3rd world central american trash. Because the GOP doesn't give a shit about the white majority when these wedge blocs are more reliable to staying in power.
And half the whites are yankee race traitors anyhow
WTF do you mean they can't see where it is heading? They know where, toward perpetual dynastic control for their families, just like all the other multicult 3rd world countries.
Wealth lives forever in mexico and power does too. In black countries, it's even stickier, because blacks INSIST on being ruled by corrupt black men and then their children. In white countries, they have to concoct foundations to accomplish dynastic control.
PRIMITIVE PEOPLE have PRIMITIVE notions of governance, they favor simple things like divine right hereditary monarchy and shit like that.
Only INTELLIGENT people, aberrantly so, are of the "individual rights" ilk. You see these systems incredibly rarely throughout history and what goes with them? Shit like real science and math. Look at ancient Greece and Rome. Then you have the renaissance and britain...an inexorable march upward of average IQ and a parallel arc of self-governance. Everywhere you saw one, you saw the other.
Muslims value beating their women more than self-governance...core values are expressed via ACTIONS. Stupid is (everything is) as it DOES.
there is no bond market without the Fed. Without their explicit backstop, shit is over with tomorrow.
The counterparties all know they are insolvent.
why the fuck not?
And obamo is gonna say look at how great i am, I'm just like Clinton was
and people with a brain will say dude, fuckin UE?
and NeO's supporters will say "it's only 6% dude!!!!11" and act like all those people who aren't being counted as UE just don't exist
ahhh..the days of dialing up different AOL APs to find the ones that were the most noiseless lol
most of it is indistinguishable from the talmud; that's because mo stole that religion to put his own stamp on it
yes. The system is a house of cards and so they're having to bend the rules. And the little people are agreeing with it. They only objected to TARP because it was G Busch. When bama runs $2T deficits, it's ok, because he's "saving the economy." And vice versa.
The little people are too stupid to understand any of the issues...they only know that the happy happy days aren't here now and they would go along with anything that someone promises will bring them back.
I believe i should speak here.
As apparently the only person on this (or any other) forum who makes a routine habit of visiting collapsed societies, I can say that it won't be NEARLY as bad as you think it will be.
In fact, the collapse is what is happening RIGHT NOW. Rome collapsed over centuries. Yes, I know it takes only a few seconds to read about this collapse, but Rome wasn't fully gone until...gosh, maybe it's still even there in some respects. The Vatican sure as hell is.
I've been in countries with lots of zeros on their bills in S. America, even just went to freakin Zimbabwe where they are using the USD (what a hoot that is). Life can certainly suck, but as long as you don't live in an area that already has a massive violence rate, you'll be ok. People even lived their lives in Beirut during the civil war for crying out loud.
Serbia was totally ok, Brazil, Colombia...most of Johannesburg is surrounded by walls now and razor wire, with armed guards and whatnot and this fact was bemoaned by people there, ZOMG. I said wtf, it is already and has already been like that in brazil for years! That's the NORMAL state of being, not western european standards of respect and tolerance.
Stop bleating and just get on with living life. It's "going down" right now as we speak all around you. What you see now is a symptom of collapse.
At some point, you people are gonna have to make some hard choices and confront some mental third rails you won't go near, or else you and people like you are going to be extinct.
yes; a couple democrap lobbyists I know are full speed ahead. Largest houses I've seen. Boom times for anyone connected to the "party of the poor."
But, welcome to a future of less. The gangster state that all these 3rd worlders we have WANT and DEMAND is upon us.
social ostracism is something many fear worse than death...this is true in the animal kingdom.
If you defy orthodoxy, they will brand you with some "-ism" and all of the herd is conditioned constantly toward a pavlovian response.
Just keep clapping and hope you're not the first to pass out.
they love and welcome the conditioning and the servitude is voluntary.
Etienne de Boite has a good piece on this.
It makes people feel righteous to scream "RAYCISSSS" and people and to call them commies or terrists or bigots.
I have a smartphone AND facebook
How else can I post HD videos of myself sitting in seat 1K on Emirates?
they don't see it because they REFUSE TO LOOK.
I mean it's like pulling teeth to get people to actually even acknowledge who commits the vast majority of the violent crime in this country.
The TV gives them an alternate version of reality that they prefer.
Women condemn the culture, people, and history that gave them equal rights and abolished risk to them. And they hold up as virtuous those whose homelands feature a higher probability of a woman's getting raped than graduating highschool. It's literally insane.
judo works through the principle of kuzushi. It's a judicious application of force. Don't argue.
swarms of 3rd worlders GUARANTEE permanent power for that dot and his gang.
primitive people create primitive cultures.
so the MSM lies? But I bet they tell the unvarnished truth about some things, right?
sheep don't wake up; that's what makes them sheep.
I don't see the trends you speak of. There is no general awakening.
The population responsible for the last great awakening has dwindled to a world minority...groups are ascendant who have no heritage of awakening or what we think of as progressive civilization.
Surely, the herd will stampede me for suggesting such a nonconformist thing.
huh? I just got one less than 1/2 my age in the back seat of my car, dude....you have no clue
how many fkin logical fallacies can you commit in one post of such brevity, dude?
You're a conditioned SHEEP. I repeatedly mention FACTS and you interpret this as HATE. This means there is SOMETHING WRONG WITH YOU.
and here come the rest of the sheep to bleat and try to enforce herd conformity.
you all really are pathetic. I don't give a fk if you cretins don't speak for me; you're worthless idiots.
good lord you are a such a piece of sh!t. Can you make another strawman to knock down?
I already answered all of your questions, you fk for brains, and you PUNTED in response. GFY. You can't HAVE a discussion with a real person, all you can do is LIE. None of the things you attribute to me have I ACTUALLY at ANY POINT EVER said.
People like you with your cries of "HERESY" are exactly what is wrong with humanity. If it's not this topic, it's SILVER or some other ZH echo chamber meme.
What a sad, sorry lot you all are.
I'm not going to answer your petitio principii, idiot. I have ALREADY told you the solution to this problem...put people like YOU in gas chambers. Individual idiots like you.
For the rest of the people, again, INDIVIDUALS get tested. INDIVIDUALS WHO PASS are incentivized to reproduce at higher rates. INDIVIDUALS who don't are disincentivized.
Individuals like you are executed, because your stupidity and evil is anathema to humankind.
yes, which is why gold supply has gone UP UP UP since 2001. Oh wait, no it hasn't.
Price doesn't make more gold appear by magic and lowering ore grades doesn't solve the energy problem nor obviate peak.
Otherwise iron in the US would never have peaked. You'd just lower the cutoff...magic new supply!
africa's population has quintupled in the last 30 years on the back of western food aid.
Dormant Commerce Clause jurisprudence has been FAR more injurious than Southern Pacific Railroad.
That is the lynchpin of Congressional overreach for almost 2 centuries
if you think that's a russian-made jet copy in the pic or that the J10 is, then you are both a) totally ignorant of jets and b) too stupid to do enough research to prevent (a)
nothing can be "done" to remedy the fundamental deficit of average black scholastic competency vis a vis asians, except eugenics. It's biological and it's not going to be wished or hoped away.
Blacks are in many cases closer in aptitude to those with classic "learning disability" than the average asian kid in US schools.
nobody suggested they should be massacred.
And they were behaving this way LONG BEFORE the 1940s.
Of course, everyone else is to blame for the group's behavior. They cry out in pain as they strike.
blablabla...the world is gonna end in 2013 now? I thought all the sh!t was gonna blow up and get exposed in 2012?
she probably can't do her algebra either. In VA, math "proficiency" under NCLB for asians is a score of 82, for Obama's sons, it's 45. These are based off of SOLs. The number is what percent of each group they expect to achieve 23/35 correct on a standardized test like SOL which is itself already dumbed down. Hispanics get 52, whites 68.
For reading, VA sets the pass percents at 92 asian, 90 white, 80 hispanic, 76 black, 59 retards.
So what this means is that presto, schools are no longer "failing" because they produce graduates who can neither read nor add and subtract.
Obamakids get to go to Sidwell though; they have the other elites and a dozen armed guards.
this isn't true.
In 2008, i was nailing, to the day, the bottoms of the waterfalls using technical indicators. Tops, not so much, but for periods of time, reliable and accurate indicators do emerge.
RSI is one that basically says this thing has run a bit too hard in a particular direction. Doesn't mean it will reverse or collapse or spike or whatever, but it should slow down.
J10=crap Lavi clone sold to them by the Israelis.
China does *not* want a piece of this; they really don't.
the fuckin oil supply ain't there to power these rosy scenarios of zillions of entrants into the middle class happily motoring to suburban homes just like idiot americans
how high's the bridge? I've wanted to jump out when my kids were pushing me to wit's end too lol
you people just don't know how socialism works in all-white countries. It actually DOES work and in many cases very well.
The swedes actually pay their UN parking tickets and don't abuse their positions in government. They actually don't steal from the public.
the problem comes when they assume everybody is like they are, and if not, then those people are just lacking "empowerment" or "education" or one of the other magic potions that will turn people who are not like them into like them.
when the US is majority brown in 2050 or whatever, this will change.
People who live in certain cities dominated by certain groups already get to experience shit like you describe.
I mean, how many successive Newark or Detroit mayors have gone to prison for corruption?
Gross is just pissed because he can't find the yield he thinks he's entitled to.
He probably very loosely understands that growth produces yield but he hasn't figure out why growth isn't happening.
So, like a lot of people here who are unwilling to confront mental third rails, he constructs scapegoats to blame to avoid having to face a really uncomfortable truth's ramifications.
Blame tax policy, blame sunspots, blame a miasma...it's all the same.
fuck the stupid author of this article.
YES, legalize coke. WTF is the point of banning it? The ban DOESN'T WORK.
I don't give a shit how much you disagree with the gd'd use of drugs; reality DOESN'T NEED YOUR CONSENT or APPROVAL.
The REALITY is that bans like this DO NOT WORK, therefore they shouldn't be tried or considered as options.
um...the nation in those days was like 85, 90% white. It was a different nation.
That America is gone. Nothing can be taken from "how things were" and applied to now anymore than you can apply the way Sweden does things to Haiti.
how exactly is heroin unsafe?
Heroin is actually very safe if it is pure...you take the same shit in narcotic painkillers
China is the future, they're gonna take over everything. Look how smart and efficient they are
he makes one or two points; gold production is listed as having made a new peak in 2011. Production has been up for 3 years running.
This would more than explain the ceiling on prices.
simple: because you're a fucking idiot.
you are incapable of understanding much, and one of those things is that everyone is NOT LIKE YOU.
Different populations have ENTIRELY DIFFERENT understandings of what "civilized" behavior is.
The fuckin sumerians had a civilization but they were not what WE in the white west would call "civilized." In Africa, it's likelier for a woman to be raped than graduate high school, which is an expression of their idea of civilization and the norms of behavior.
JFC, you can't even figure out that your concept of FREE isn't even universal. That's the problem with morons like you; you haven't a clue how utterly DUMB you are.
You arrogantly assume your notions are universal; they AREN'T.
The 7/10 million new californians over the past 30 years who went onto state assistance are VERY happy with government. The 47% is happy with it.
The people NOT in gunstores are happy.
In fact, if they are unhappy it's only because the government isn't doing ENOUGH to make people like you unhappy.
these types of engagements are why Chirac wanted IN on the Iraq War of Busch. Yes, he did, until GWB snubbed everyone publicly.
Operational combat experience is worth its weight in gold
you mean the US is botching foreign policy again?!?!?
Let me ask: who ISN'T turning against us after we tried to play nice guy with them and give them shit for decades?
aapl had a huge headstart...but the other OS's have caught up and then some.
So if it comes down to who makes the best handsets, Samsung and Nok are in a significantly better position. They just don't have the logo.
i also seem to recall some silverbugz idiots deriding me for the long Pt/short Au pair trade like $150 ago
did repugnicons suddenly find fiscal conservatism after how many years now of trillion annual war costs?
um...when the growth rate stays level...if it doubled in 6 years, it will double again in 6
bama and his party DO want to take all the guns away...senior members have tried repeatedly to ban them all. That might have something to do with the fear among gun owners.
the assault weapons ban and "gun" violence in and of themselves are total red herrings.
where'd the people go who said humans would "just figure something out" instead of acting like deer on an island?
Haiti is nice and diverse tho.
Isn't there another nation on that island? Wonder how they're doing....
the healthcare infrastructure here is without peer.
the education system is among the best in the world. WTF are you babbling about?
Oh, you included brown people. Well, don't include freakin 3rd worlders and expect a 1st world outcome.
Gee? How can that be? They're on the same island. It's almost as if the people on the western side are different from those on the eastern side and that this, instead of "well, we're just in the west so we must screw everything up" aka Jared Diamond GGS thesis, is responsible for the MASSIVE disparity in outcome.
If I didn't know any better, I'd say that one half is typical of a nation where its demographic is common and the other half is likewise typical of a nation where THAT demographic is common.
Kind of like comparing Sierra Leone to Honduras.
The entire colony was freed at the same time, had the same history, yet the discrepancy in outcome is massive. Go figure. SURELY this must be the result of oppression and exploitation by the eastern part against the western part...there just CAN'T be any hereditary component to this, because the MSM says that thinking that is evil and they always tell the truth about everything.
have him explain Detroit then. Or Newark...or Camden, Birmingham...and Rhodesia and on and on.
There's a cause of societal collapse between all these and it's the same cause.
It's over by y'alls third rail. Diamond has a rail over there too.
wtf the russians couldn't build a pipeline to ukraine or bulgaria or something??!?!
it's time for a "windfall profits" tax on Samsung, isn't it?
I mean, 8.5B...that's almost XOM profits. Yes, nevermind that Samsung's margin is WAY the fuck higher than XOM's meager 8% ROR. Any profitable company must be taxed to hell.
Samsung makes good devices; their OLED screens are the best out there and they have their own cpus and the 9 yards.
yeah, but Android ain't it. Android sucks and it makes only Microsoft any money.
Samsung has had the best handsets for some time, which is why I've been using them for so long
You mean the UIs that each of the manufacturers has to write atop that shitty OS?
We'll see how google's freeware business model works out in the longrun lol.
the lumia 920 is a pretty spectacular device...only the S3 is probably more capable.
iPhone's UI is dated at this point and that is all anyone "knows" about their smartphone...well, that and the logo.
this will just alienate "moderates" who watch fucking CNN.
Meanwhile, the demoncraps will rally around the devil and will NEVER break ranks. It's prison theory political system.
slight problem with your theory:
chemtrails are provable bullshit, while jews actually DO dominate media and finance. There actually IS a semitic stranglehold on movie and television production, in banking, and in Congress and senior administration positions.
It was a nice attempt at sleight of hand, though...the multicults do this sort of shit all the time.
wtf do you expect when they POLLUTED all the drinkable water on the damned surface in the entire country? A substantial share, even a majority, of the surface water in that country is unfit for human contact, much less drinking.
How long did it take for Rome to collapse?
Foolish humans. Hell, there were massive die-offs and extinctions, some of which killed 90% of the species on the planet, and they took place over 100s of 1000s of years.
They're "punctuation" in the geological record but they endured over a timescale incomprehensible to humans. The collapse of empires rarely occurs in any kind of human instant; even Russia is still there, their institutions still exist, life goes on.
It ISN'T a collapse; it is a deflation. You are living in it right now. It's happening all around you.
i need to know how to get in on payday lending.
but after banging out the entire population, you don't suppose people might hate me and anyone related to me, would they?
I love how the media can't see color unless it is the right color, then they want to be sure to plaster it as the operative part of the headline.
If it were 40 shootings in Chicago, it'd be "youths" or "teens" and some "random violence."
It's nice how the headline is telling you how to react.
You actually think they are going to see the "solution" the same as YOU do? ROTFL...are you drunk?
They will solve this will "just shows how we need more tax-the-rich." Just as every shooting is why we "need to ban assault rifles," even if the shooting wasn't done with one.
The problem is "Busch" still, of course. It's just too hard to solve the mess he made.
you would get a -1 from me for saying something stupid, if I ever gave anyone except Tyler -1s.
You simply CANNOT come here and tell me that I cannot generalize. If you DO NOT GET that a generalization is NOT an ABSOLUTE STATEMENT ABOUT 100% of members of a class, then you are too stupid to even be speaking and should stop right now.
A large SHARE of the problem lies in one demographic. Ceding a city/state/nation to that demographic will inevitably result in destruction. That's just simple fact.
If you can't deal with generalizations, then you're an idiot. Men are taller than women. Bears are dangerous. Elephants are big. Don't date chicks with tats of poisonous animals. Falling long distances can kill. These are all generalizations; that's what our brains DO. It's an INCREDIBLY valuable skill, this ability we have to classify things. Engineers can only DREAM that computers could do this simple thing.
The MSM is trying to get you to turn that off and refuse to do it. It's CONDITIONING, ok? They want to TELL YOU what is right and wrong and program you to react in their way. Stop fighting nature.
and the people like Crockhead will be JUST FINE with generalizing that this is because all these cities have liberal governments, or "socialism."
They will ignore new england, Portland, Scandinavia, to do so. ANYTHING but to make an "illegal" mental -third-rail-contacting generalization, no matter how valid it is.
That makes them no better than the dewey-eyed marxists who worship Lennon's "imagine." Stop believing in fairy tales like human equality.
Does it kinda suck that this situation exists? Sure. But reality doesn't NEED your approval to exist.
everyone has a "we buy gold" sign...see those all over the place.
Ripping people off has found another conduit, I guess.
it's not worth my time to change my own oil. I have all the equipment and used to do it, got the stands, ramps, wrench, all of it. I stopped when it stopped being worth my time to do it.
Silverbugz idiots waiting on "industrial panics" on this metal should look at the production bottleneck in Pt if they want to chase this type of home run.
The problem is that, being stupid silverbugz muppets, they're too busy getting repeatedly blowtorched to save up enough money to buy platinum.
If RSA goes TU, which it will inevitably absent a reinstitution of apartheid, the vast majority of Pt production goes offline (80%). RSA is, like any of these countries, always only one election away from a Mugabe. It's only a matter of time at this point.
well, the nation simply isn't the same PEOPLE as it was when it was ascendant.
It's 25% a 3rd-world country now. EXPECT at least a 1/4 move toward the behavioral and cultural norms typified in 3rd world countries.
The basic notion of justice, right and wrong, government, the "social contract" is DIFFERENT between different people. Different societies are that way because of the PEOPLE in them, not because of random accident.
For example, future time orientation. A recent study asked various populations whether they would prefer to have say $3000 now or $3800 at the end of the month. So many norweigians answered the latter - they had trouble completing the study because the norweigians thought the question was inherently stupid, "who in the heck would NOT choose the more money at the end of the month??!?" The answer: well, nigerians. Only 9% of them didn't take the money now now now.
Nigeria's society will feature a more present-time-oriented system of values, policy, and behavior. This tendency among nigerians is WHY. The society didn't create them in ITS mold, they created the society in THEIRS.
fortunately, there is still ample gold production; it hit a new peak in 2011, exceeding 2001. Production rose, if we accept the data, for 3 years. This perhaps gives the banks a chance to repatriate with "deep storage gold" lol
i have one and it's been pretty solid. Daydate...there's few jams this can't get you out of. This watch is the real "world currency."
But I would rather obviously have a Lange or patek, AP...however, you're bribing the police captain with a daydate, calatrava not so much.
how would who is producing it affect the output?
Mali is producing what they can; NATO takeover won't get blood from a turnip.
Production rose; simple as that. 2001 peak exceeded. No sinister conspiracy necessary.
IF this whole thing is part of some master plot, these people sure are doing a great job convincing everyone that they're total idiots.
it would be impossible to compete in a drugged sport as a clean person.
the people who are in the peloton, and there are a handful, are out of the sport in no more than a couple of years.
All pro athletes use PEDs...you would be stupid not to.
yeah, you're right, because all you have to do is inject yourself and you can win any sport in the world, which is why EVERYone does that. You see regular joes all the time using juice and going out and winning Ironmans.
Think before you speak. What made Armstrong remarkable was that he was THE ONLY GUY at the top of the peloton who DID NOT have a drug bust during this run. ALL OF THE REST OF THEM had at least one ding.
I have NO CLUE why anyone would act outraged or surprised...maybe I just have no sympathy for fools.
Even with EPO and test and the related boosters, the amount of work necessary to achieve what LA did is insane. The REASON he was able to win 7 was not him, it was because he made sure his entire team was devoted sufficiently to the cause. No half ass non-dopers on the squad.
Cycling is a team sport. I have no clue why the Hincapies of the world would rat him out; they were absolutely nothing without him. Floyd Landis is a rat and decided to rat everyone out because he couldn't take the punishment he had coming to him. Michel Ferrari was certainly a gifted sports doctor but he wasn't doing anything everyone else wasn't doing too.
the doping cyclists do is somewhat frightening when you consider that they inject synthetic oxygen carriers, fluorocarbons and things like that which can prove fatal. But, it rarely does prove fatal.
Armstrong was gifted but not so gifted as some others. The difference was the efficiency and his entire team's commitment to the program.
Jan Ullrich had superior talent but spent his off-seasons partying and showed up overweight frequently. Armstrong ensured that his team trained with him, that they researched the courses and rode them beforehand and that everyone was on the right kind of dope to give them maximum performance.
Hincapie should give his pretty little Tour trophy girl wife back because he wouldn't have her or any of the rest of his loot- none of them would, without Lance having made them get with the program that produced championships.
This map is 200% of poverty level. So for a 4-person household, that's 46K...that's MORE than decent money in a lot of those states. Plus you collect bennies.
don't look at % black either, your head will explode from all the juice coming off your mental third rail.
Maybe overlay crime rates to poverty to minority population county-by-county...hell do it all over the world and see what jumps out.
HOW DARE YOU POINT OUT THE TRUTH and MENTION that, you fkin COLLECTIVIST RACIST
We will NOT have facts pointed out on THIS topic, OK?
Even Haiti is whitey's fault, despite that they slaughtered pretty much all of them after 1802 Independence and have run the place themselves for 200 years.
Meanwhile on the same fking island, hispanics have a society typical of what hispanics pretty much do everywhere else in central america.
Biology is destiny.
"Lots"? Don't ever say lots as part of any argument because it's a nonquantifiable term, IDIOT.
If you looked at a county by county map and you did overlay with % joo, you'd see some things pop right out.
California is 40M people, there aren't 40M fkin jooz in the entire world.
you're just a dumb jew I guess.
Because what you say doesn't refute what he says.
Do you think that if you took all jews and all wealth and found that group 1 had an intersection of 40% of group 2 that this is somehow invalidated by the fact that ONE PERSON, aka you, has jackshit?
This is why it's important to understand the bell curve; you're clearly way out on the left.
he wasn't 1:1B. But he was really talented. Not more talented than others who were his rivals. Not by a long shot.
What Armstrong did was command a TEAM effectively and that included ensuring his teammates had MAXIMUM commitment to achieving victory, which means they dope too or find another team (they wouldn't last more than a year or two nondoped).
Pantani had hematocrit levels exceeding like 65 deep into the Tour; EVERYONE was on this stuff, nobody has been clean in cycling since cycling began.
he wouldn't have been able to win without taking stuff.
Armstrong won because in his first year, his doping regime really stunned other riders; he was asininedly better than the rest of the field that first Tour he won. They all caught up chemically. After that, it was a matter of keeping his team a machine fueled by hard work and dope while other teams had their top stars on the A-grade gear programs.
That's how cycling was except on Lance's team. On Lance's team, EVERYONE got with the doping program, everyone had crit levels done, everyone had a schedule of stuff to take, after the EPO tests, everyone knew to inject IV and had blood bags to pack with. On lesser teams, the top few guys only.
Armstrong pulled out all the stops and made a lot of guys on his team a lot of motherfkin money...and guess what, NOBODY DIED. Hincapie married a trophy girl, got lots of money, endorsements, all of them did. They all profited.
If you think Marco Pantani took a crit level in the 60s out of the alps naturally then you're delusional. These things are physiologically impossible.
should show the data on pt or pd....despite higher crustal abundance, much lower in commercial deposits, production, total ever mined, everything.
Pt is mined in quantities that are small fractions of that of gold.
23 lines of...absolutely NOTHING.
On #10, what is this, the Fast n Furious pilot?
might want to think about putting "Mexican drug cartels" on this list.
NOTHING this administration or DOJ does with respect to firearms can survive the laughter
there are manifold people inside the gov't who make information sharing impossible due to the fact that it's illegal and they aren't big enough fish to not go to jail over it.
the disco 3-letters do their own thing, often people look the other way because those fish ARE big enough. But mundane little criminal stuff? No way. Not important enough. If taspo wants to "collect" data that they have no ability to get via a legal sharing agreement to keep "nukes" from crossing the border, well, just don't get caught. And when these avenues get found, they get closed off.
Nobody at a low level, aka the people actually DOING this stuff, wants to be in a position of lack of CYA. So you have to run these things up email chains and there has to be formal records of managers signing off. But no low-level program office manager is going to sign off on this stuff...has to go up to the director level. And it makes a huge paper trail.
no, they didn't.
this may surprise you but there are VERY serious limits on sharing of info by congressional decree and people routinely frustrate the hell out of anyone trying to do it even within agencies.
Your local doctor probably thinks more like you do than the Feds do. Wake up.
These guys really ARE the tiny dot. You have states, local sheriffs, people coming out of the woodwork to say oh yeah I'm not going to enforce this.
You think Arizona is going to enforce a single thing the Feds want when the feds told ICE and CBP to just look the other way at the flood of illegals that AZ was trying to police on its own?
The biggest fear the feds have is that the states that don't contain population centers full of 47% will say GFY to them. Bc what is Cuomo gonna do, he has NYC; does he think he's going to impose on the rest of the states? He's gonna tell WY what to do? I think he'd like to; all of the mob rule 47%ers revel in the fact that they have this electoral power by virtue of their control of a tiny number of counties nationwide. Just like the ppl in LV can mob up and force ranchers upstate to surrender their water to LV for its use and waste.
But at some point, the rubber hits the road and while the libtards may have numbers, that only works so long as you consent to it. They've already renounced violence and embraced diversity; they are DOOMED. Diversity will EAT them and on the other side of the red/blue wall are a lot of people with a lot of guns who don't like them much either.
Just leave the blue counties to their own devices and stop feeding them.
I'm really more interested to see what type of schism opens up in NY, when people start trying to figure out where they're going to find an auto with a 7-rd clip.
I'm curious to see how many people turn in weapons that are even more illegal than yesterday and who is going to actually turn in their 10-rd mags.
why would they do this? doctors have addresses and houses and they walk to and from their cars in the parking garage every day...this point won't be lost on them. It's only lost on those who have swat teams guarding them.
this article is ridiculous hyperbole
where was the article for the 380's wing cracks after Qantas had an engine explosion? They grounded their fleet.
Absurd nonsense from Durden trying to chum the waters.
It's a faulty BATTERY.
um, the 787 will turn Boeing a profit...the order book is very deep. It's a great plane, true gamechanger.
try paying more for your ticket.
you lemmings back in coach are in there to be tortured.
I am convinced more than ever that this site is populated with COMPLETE fking idiots
The DC3?? WTF.
you fking MORON, AF447 crashed because the pilots stalled the plane. The pitot tubes iced and gave them faulty airspeed indication. It had nothing to do with the tail section.
The 787 is not experimental and has racked up 1000s of flight hours already. JFC there is NOTHING you idiots won't run around screaming the sky is falling over
yeah till his LiON batteries go...which will happen in short order.
You make me laugh, you really do
But this is politically incorrect because they aren't diverse
My NSX gets pretty good mileage LOL; it's a frugal V6
seriously, wtf is the point of living if you have to drive a volt? One of my acquaintances got a Prius, I went for a VW Phaeton. Forget living if it's eating rice cakes and waiting around for dooooooooom
visit iceland...it can be done and made to work but it will not be easy to abandon the 60s
they already produce modular LFRs.
LFR is a good technology and actually proven. It can burn down transuranics and other wastes and is pretty failure-tolerant. Just combine with SCW...there are some promising mitigation technologies and there is a chance to make it to that other platform before this one collapses.
But again, "tough decisions" will have to be made and 3rd rails will have to be stepped on, including yours. I know certain aspects of the truth simply don't sit well with you and that's something you've got to fix. Everyone gotta face their demons
"we can do this the easy way or the hard way. In about 30 seconds, me and my 3 friends are going to unleash upon you your worst nightmare. You're going to wish the earth opened up beneath your feet and swallowed you whole."
"What's the easy way?"
"heh...that was the easy way."
A LiOn battery caught fire. Nothing to do with the "787" in the abstract. It was probably a Macbook or Chevy Volt parts or something
you seem to be unaware that aluminum burns, idiot.
The plane is CF, not plastic. jfc
the 787 and the 350 are not in the same market segment. The 350 is aimed at the 777's segment, while the 787 slots as a 767 replacement and competitor to the 330.
Please stfu about commercial aviation if you don't know anything.
The 87's order book is deeper than any plane in history this early in the product cycle. The engineering knowhow to construct CF planes will serve BA far into the future.
having a fleet grounded is NOT exceptional. The 380 has been through this, 777, all of them.
It's a battery problem with LiON batteries, the same thing that burnt up Chevy Volts and Macbooks. It is std procedure in aviation to ground the entire fleet to resolve a component problem like this. Be glad of that.
and meanwhile...when is the last time a US carrier had a fatality?!?
The last notable incident was because of a flock of geese and still nobody died.
at least I die with the pretty stewardess's phone # in my pocket...you die with some fat turd slob drooling on you
...which explains why they are constantly falling out of the sky
probably is HAAAARP or chemtrails or the illumilaterals with their conspiracy to kill us all
LiON battery fires are suggestive of some uncomfortable truths about diminishing returns and technocornucopianism.
it takes a long time to dig this gold up from deep storage. German gold is buried under a lot of stuff.
and, of course, the ANSWER to the poor is to throw money at them, taken from someone else.
Because in marxist doctrine, the poor are only poor because of oppression by the rich, and all humans are interchangeable. The only difference between poor and rich is bank account balance. There are NO behaviors that lead to poverty or wealth.
because they EAT TOO MUCH.
the poor suffer from REASONS they're poor, and ONE of those is low impulse control and an inability to deny immediate gratification!
I find it amazing that this site is populated with so many people who cling tightly to fundamental marxist precepts.
you are stark raving out of your mfing mind
go walk through Detroit at night and tell me about how nice the poor are. You can't leave something outside in these neighborhoods; it will get STOLEN in about 20 seconds and their justification will be that you shouldn't have left it there if you didn't want it stolen. Car theft is an EPIDEMIC in poor neighborhoods. When the police do stings, the beloved noble poor respond that it isn't FAIR, how could you leave a car with the keys in it/a truck with electronics boxes in it/a trailer with merchandise in it/anything of value without protection and actually expect them NOT to steal it?
You effing marxists make me want to puke
you feel you have to apologize for pointing out the truth?
Go down this rabbit hole further; most behaviors are genetic. There is a mountain of evidence which proves the hereditability of traits and tendencies, from math prowess to criminality.
You are going to be all over the mental third rails of the closet marxists on this site and everywhere else.
No matter HOW MUCH you ZH cretins protest, deep down, you are ALL MARXISTS and you don't even know it. You've been fed conditioning by a bunch of marxists to think in a marxist way and believe marxist precepts. Salivate when you hear the ding.
frankly, all this means is that you are a dumb@ss.
IQ is analyzed by a lot of people, crunching tons of data and actually what you say is totally false. IQ is one of the BEST PREDICTORS in existence for socioeconomic success.
That you don't understand that what I just said IS NOT equivalent to "higher iq = higher success" only means that YOU don't have a high IQ.
Wealthy parents tend to be smarter than average. They are evidence in FAVOR of the trend WRT IQ, not opposition of it. Smarter guys tend to make more money and get hotter chicks to bear their offspring.
What this ends up meaning is that the upper class gets taller, prettier, smarter, and wealthier as a matter of basic biological breeding. The under class goes the opposite direction.
You see this if you are willing to look. It's not a comfortable realization for marxists, which is why most of ZH struggles to accept human biodiversity.
look; humans are biodiverse and you are imputing a calculating nature to this trend that isn't warranted. Different populations of humans have different reproductive strategies. Some have fewer offspring which take longer to reach sexual maturity. Some have abundant offspring that mature faster. Some form more frequent families and fathers are invested in the care of their spawn. Others prefer a more rodent-like strategy of just impregnate then move...it's a volume game.
It is true that different populations reach puberty at different average ages. Some populations can hit it and be ready to go at as low as 9. Others may take half a decade longer on average. So, to ensure that your offspring survives long enough to carry the genes on, it requires a different evolutionary strategy and different investment of time and care into them. Those that have stronger families and civilizations can do that with the latter, not so much the former.
There are nations where children starve and parents are reasonably well-fed simply because it's not part of the reproductive strategy to really care for the children. If foreigners will do it by airdropping foodstuffs, all the better, but that doesn't change the biology which created the behavior.
It's not so much that you are incentivizing the people you speak of; you are merely preventing their offspring from dying like they would under natural circumstances of disease or starvation. These biologically-sourced behaviors aren't going to be "educated" out...they're just how people ARE.
governments are highly interested in tracking people using facial recognition.
fkin casinos already do this, so do some other facilities.
are you intentionally obtuse?
reckonings have come to various nations in the form of collapse and this isn't what has occurred.
the less human intervention in flight, the fewer the accidents.
Humans are ALWAYS the most failure-prone element in any system.
there is an IEA outlook I have somewhere on some machine which shows the relationship between age of discovery and time-to-peak plus decline rate.
More recent fields peak quicker and have steeper decline rates. Same trend for onshore->offshore->deepwater.
The further out, the deeper the water, the quicker time-to-peak, and faster decline.
Really doesn't matter if it's field quality or just the increase in TECHNOLOGY (that the corns promised us would save us) that has enabled them to more efficiently get production to peak and drain the field.
Technology didn't prolong fields; it helped us get the product OUT FASTER.
Because that is what EXPONENTIAL GROWTH IS an exercise in- RED QUEEN. And I don't mean the manchurian candidate.
We have to start being able to have adult conversations. Not to harp on the topic, but this means a lot of people have to de-energize their mental third rails and start facing the TRUTH about humans.
Nuclear fission is, with 4G reactors, LFR and stuff such as that, functionally limitless...however, it's going to require a HELL of a lot more intelligent and conscientious society to manage than EVEN Japan, which is among the highest-IQ, lowest crime societies on earth. And it will require abandoning growth.
Trying to find something else to burn at a higher rate isn't going to solve anything.
we can sustain far higher than that but it is going to require abandoning a lot of behaviors we currently engage in.
Brave New World wasn't a dystopia. Until you, unlike everyone who uses it as commentary fodder for their police-state criticisms, actually read and understand the work, you can't get what I'm saying here.
banks can provide you what you want but it's going to cost you.
Identity is available for a price, everywhere.
locals in RSA tell me that mozambique and even nigeria are offering free land and money just please come here and farm.
Meanwhile, RSA and Zimbabwe remain in full reverse. My 2nd driver there was like every time they take a farm away, another 1000 people go unemployed. Yes, he was a bleck men.
you drive a car manufactured in factories and charge it with solar panels built in factories and you call yourself OFF the grid?
You are more on the fkin grid than I am
selfish genes...they aren't made for scarcity.
Deer on islands don't fare any better
yes i do and i wasn't referring to you specifically; it was the collective "you."
GFY anyway lol
or when the USSR peaked in 1989...or indonesia in 1998 or the UK in 2000 or Mexico in 2004, or when 54/65 top oil producing nations peaked.
IT'S A GD CONSPIRACY MAN
physics is economics? Wow...here I thought you weren't stupid.
Brayton cycle, Rankine cycle...learn it, b!tch. There are HARD physical limits to things which don't change over time no matter how much we'd like them to. Reality doesn't REQUIRE YOUR CONSENT.
Evolution is not physics.
so the free market can violate the laws of physics? That is what you appear to be implying.
let this be a lesson to you:
do not EVER question the manner in which I do my work. Ever.
The thing you cretins do not know about me is that I do know what I am doing.
it's from spending all that extra time in the alternate dimension with the nibiruans using HAAAARP
uh...the former are caucasians...they are a different evolutionary lineage. Skin color is but one superficial difference between races and many indians are dark as well.
the battery will be replaced.
The 777 had issues when it first came out as well. This is typical.
was it really possible for his sarcasm to have been any MORE obvious?
He is trying to throw you cretins a hint and it's like there's nothing but blunt force full frontal trauma that won't sail right over your heads
wow...just...wow....world production is the sum of a bunch of individual wells, isn't it?
better get started on those LFRs...the once-through cycle of enriched stuff should have been abandoned in the 60s
wtf are you talking about?!!?
ZOMG we're oppressing the africans with running water and electricity
possible with gas.
Oil? We'd have to be consuming WAY less. Our import gap is 10mbpd+.
If someone is trying to convince you that shale is a 10mbpd resource, short them with both fists.
Perhaps they assume massive substitution of oil btus for gas across our economy.
why TF would the banks (or anyone else) LEND ANYTHING to "struggling homeowners"??!
A struggling homeowner=person in default who doesn't really OWN anything except a big capital loss on a mccrapbox made of particle board.
NO aid to homeowners, NO aid to gd'd banks either
is Durden an idiot or does he just know absolutely nothing about commercial aviation?
The 787 is ridiculously more fuel efficient than the 767 it replaces and it is far more so than the A330 which stole a lot of orders from the 767 late in its lifespan. The 787 is early in its delivery lifecycle. The ONLY other option is the A330, which is a technically inferior airplane. You can't just fking swap one Boeing for another and call it a fking day, stupid.
The reason orders didn't continue to rise is because of the production delays that were experienced in bringing the product to market. Boeing is raising production of this jet as they are able to. This is also the reason for the recent relative strength in the 330s order book.
This plane got more orders faster than ANY OTHER PLANE in history...840 orders at this stage of the product lifecycle is unprecedented.
This aircraft is simply technically better than anything in its class. Boeing took the route of developing new materials technologies on a plane-wide basis.
All these morons on ZH talking crap about metal...GFY. You have NO CLUE that the wings keeping you aloft are already substantially CF, do you? Composites are increasingly significant shares of airframes; it's just a more capable material than the aluminum alloys they used on older airframes.
Boeing decided to jump to a new way of doing things and it had some growing pains. LiON battery issues are just one of them. The A380 had fking wing cracks and engine explosions...yet airlines continue to order (though the book has plateaued) and continue to accept delivery.
But, please, carry on, you morons waste not ONE opportunity to get hysterical like a bunch of women anyhow
if you ACTUALLY believe that this battery problem constitutes a "nightmare," then you are too stupid to not pose a grave danger to EVERYONE around you.
JFC, the 748i had aerodynamic flutter in rear horizontal stabilizer tanks, the A380 had wing cracks, I could go on and on about the growing and development pains of commercial aircraft. There's no guarantee any of you idiots will listen, though.
China has maybe mastered copying the MD80 at this point, GTFO here with this nonsense.
This is a speedbump. The battery issue will be resolved and life goes on. The 350 will have the same massive delays that the 380 had, except worse, because Airbus was forced to go with a far higher CF content in this plane just to make it COMPETITIVE with what they know Boeing can do to a 777x.
Boeing's next product after the 737max is going to be the 777 replacement; that plane so totally dominates its segment that there really isn't another plane. The 787 likewise. It's that much better than the competition that it already has a 840+ deep order book.
Going the all-CF route will produce superior aircraft and looks to be a smart strategic move for Boeing assuming nothing goes majorly wrong. And given that wings have been made out of CF for YEARS now, hell over a decade since CF wing components and glued-together planes were out there, it's unlikely that they will unless Boeing totally missed something.
Airbus will dominate the VLA segment which isn't a cash cow, won't breakeven on the 380 and has no growth potential. A next generation 774 will eat its underside anyway.
It's been in commerical service for a YEAR AND A HALF, IDIOT.
ALL of those operators are killing it with this plane. Ethiopia Air flies these things from IAD to ADD every day.
sorry, don't let the FACTS get in the way of your daily chicken little hysteria
this is a "no shit" article when you look at human population versus oil production; there's your bubble
there ain't shit out there that generate that yield for you.
Maybe brazil? Colombia? Take some risks I guess.
HUH? You really think doping started with Lance Amstrong? WTF planet are you on?
Cyclists have been doping since 1900, dude. Old timers like Ancquetil and Coppi and Merckx talked openly of this. The 84 US cycling Olympic team blood packed like Armstrong did.
there were perhaps AT MOST a half dozen or so clean riders in any given Tour and they were smoked out by the first mountain stages.
Their careers lasted like 2 or 3 years on average. You CANNOT compete at a high level in professional sports without dope. Just get over it, people.
Yes, cycling has been doped since they invented the bike.
stupid fking article, dumber conclusions.
Wouldn't you WANT such a tiny number of households earning less than 10k? Wouldn't you WANT a big multiple of those earning high paychecks to those earning crappy ones?
Yeah, life is great when everyone earns <10k and nobody makes that evil 200k
so yer basically sayin TNB?
Who the hell has the flu; I've heard nothing about it.
our system is one of debt money. If someone doesn't borrow, the system collapses.
Don't worry, these debts can't be repaid anyway. Bankers can do basic math. It's never been about the principal
Yep. I was king of the USSR when it collapsed because I was ALL IN on cash rubles
let's see..if the Fed weren't buying bonds, the USG would just be BK is all. They still couldn't give away bank credit even at 0%, though.
Look, if there were any BORROWERS out there, they could get away with charging more than 0% for money.
Bill Gross can fuck off...nobody should be paying his usury for real estate.
George Bailey was lending for 5 years at 5%.
Gross is full of shit...he's TRYING LIKE HELL to find ANYONE to BORROW his goddamned money and NOBODY WILL. Nobody is beating down the door to borrow even at 0%...why the hell do you people think the Fed has dropped rates to 0?
Look at 30yr mortgages...even at THESE insanely low rates, there aren't willing or qualified borrowers. The economy is BK
Durden is in the business of eyeballs, not truth.
The US has military advisors and teachers everywhere...my brother was deployed to SL for months to train snipers there for eventual supposed deployment of pan-africa force in somalia.
The US is all over the place and it's no sign of anything sinister. But it riles up the conspiracy nuts here who click ads I guess...?
we can't have enough brown aliens...we import them from places like haiti and somalia. Not enough crime in most of these cities and certainly not enough democrap voters.
Aliens also eat up tons of local school budgets because we HAVE to teach them in spanish. If you expected mexico or el salvador to teach your kids in english on their dime and go out of their way to make there like here, you'd be branded a gringo racist.
no it isn't!
Among the NE liberals and the Passover Syndromers in the urban areas, it is a sign of EVIL. The decline of a black population means LESS diversity and it's always a thumb in the eye when blacks leave and whites come in and civilization somehow returns on cue.
And in places like Anacostia, you see spraypaint on houses and for sale signs "NO WHITES"...of course if this were reversed, it would be national news.
DC is about to lose its black majority and this has been the source of much handwringing and gnashing of teeth. In places like Portland, OR, they rend their garments over how "embarassingly" white they are.
Detroit is utopia to these types.
you don't many people if you think that there aren't TONS who would take the free money.
How many blacks are on SSI now? Free money is always preferable to work for most demographics.
Your implicit notion that your values system is shared universally is absurd.
Japan didn't start this shit, China did.
The Chinese military is a piece of shit
Water is NOT INFINITE.
Water is a great example for you stupid fucks to understand how we can have a peak condition and not be "running out."
We are at peak production of water from the colorado river. We take water out of it at the same rate it goes in. By the time the river hits the Gulf, it is barely anything. We cannot EXTRACT water from this inexhaustible resource at a HIGHER rate. This is PEAK SUPPLY.
Even though water is indestructible, you can achieve a peak supply rate on ANY resource. Renewable or not.
there is this thing called the water cycle..it defines the maximum RATE of water consumption, despite even an INFINITE resource.
Who gives a fuck how much water there is? ONLY THE RATE matters. NOT the reserves.
I cannot believe there are still people on this site who can't grasp this.
you fucking idiot, technology is what allowed us to increase the RATE of extraction of a finite resouce (oil field)
hmmm...Obama, as a lifetime affirmative action queen, EPITOMIZES "unearned wealth"
if they weren't taking a dump all over the rupee, maybe people wouldn't flock to gold..?
unless you have kids in school, you don't know what you're talking about.
NOT ONE teacher OR administrator agrees with this shit, but they all go along with it anyhow.
This is the emergent complexity called "the system." The system has its own goals and direction severable from and independent of all the individuals.
And it isn't anti-gun, it's anti-"violence" and womanized shit. Add zero tolerance for intelligence or thought and you have a recipe for stupidity.
cool; go Japan.
Debt coupon must be paid, nobody is borrowing. Growth isn't happening and this is the only mathematical way to balance things
a lot of talk from people not interested in having a real fight over some shit that's basically worthless.
The indonesian oil fields were worth fighting over; the arabian peninsula was, the black sea was. This shit ain't.
none of this monetary crap really matters...aggregate energy input does. That is what's driving this "mess."
Those who think 'well if we could just default on the debt or pay it off' that everything will GO BACK TO THE WAY IT WAS are fools and delusional ones at that. You're living in denial if you believe that return to the happy motoring status quo of luxury is possible at this point. 2005 isn't coming back.
maybe they will go with LFRs or the thorium reactors you ZHers keep bleating will save the world.
The world needs gigawatts and I'm not seeing a lot of options.
Currency debasement is just fighting over a shrinking pie...the pie's no longer growing.
it gets even BETTER!!!!
There are fairly PROFOUND demographics differences in the rate of drug test failure...consequently, you have what we call "disparate impact," which is prima facie racism.
This means that they are actually, both in criminal background as well as drug screening and credit history, OVERLOOKING disqualifying negatives (they do for USG security clearances too) if you are the right demographic. And by "right" I do NOT mean the one that supposedly has "privilege" (HAHAHAHAHAHAHA).
If you are the wrong kind of minority or if you are "privileged," then you get the PRIVILEGE of suffering far greater consequences for missteps that are simply ignored for members of the right groups.
In order to equalize outcome, they are going to have to start suspending and expelling asian kids for chewing gum.
must be why hacking up schoolyards is a weekly occurrence over there.
How could anyone not snap?
Nail...meet head. Belgian FTW.
Oh yeah, but you mfers had to prove you weren't so you gave him a gd'd Peace Nobel. And a coronation tour where you all turned your slobbering nondiverse @sses to adulate.
His approval rating in your neck of the woods is asininedly high. Germans and Swedes I met on safari were DEVOUT in approval of the clown. They didn't even know that he assassinates without warrant or law...hadn't heard of our other half dozen low-grade drone wars.
So, hold up...
fascism is like a merger of production and government
communism is like a merger of government and business.
Both are totalitarian. So wtf is the difference? There were two "major" exemplars of these regimes in the 20th century...what was the difference other than only one perpetrated an "official" holocaust?
Is fisher not part of the Tribe to say something like that? Methinks what he means by "us" is not what he thinks it means.
when your cousins own all the publishing, heck YES you can rewrite history. You can even convince people of your "historical birthright" to a plot of land after 2000 years of having abandoned it. What history book characterizes cousins of 90% of the federal reserve board as anything other than noble, innocent victims in perpetuity?
then, to be perfectly blunt, you haven't read a history book, because propaganda and whitewashing of history is PRECISELY what the cousins of the "Fed" specialize in. And you're not giving them enough credit; half of this country's majority and a massive share of same in Europe fear a stigma that was defined exclusively to apply to them as a contrivance by members of the same clan.
Nobody controlling media or publishing is going to let a single really bad thing get said about the Fed board.
Why do you HONESTLY suppose action against BANKERS goes precisely NOWHERE? There is no hue and cry against bankers, the media is muted. It's almost as if the people who control the MESSAGE are freakin RELATED to the bankers.
No; in fact, it is YOU who are the pig (awaiting slaughter), because you just acceded to the existence and use of the TERM ITSELF, when Rangel WOULD NOT EVER acknowledge that this LABEL has ANY APPLICATION TO HIM.
You are playing a game with your hands tied behind your back and wondering why your face is getting beaten in.
Cui bono? RESEARCH who invented the TERM, who they were and why they did it.
racism is a scourge? There you go again...they put you into a box.
Research the label. It's a contrivance, INTENDED to apply to YOU and only YOU and for whatever THEY say it means AT THAT MOMENT.
You really seem to have put some thought into all this idiocy in your post, it's a mountain of sh!t. "African American" lol...what a dumb c#nt you are
good thing there are psyops like you here to right the ship, eh?
NEVER notice the elephant in the room. If Detroit turns into a war zone, keep bleating about how "liberalism" destroyed it or even better, blame the people who LEFT. If you have one and only one ethnicity on a particular organ of total monopoly control, be it media or finance or even significant chairs in Congress, just INSIST that you can't see anything. They all have dual passports, IGNORE IT. They act like a mafia, THESE AREN'T THE DROIDS YOU'RE LOOKING FOR.
It's the "system." Or "mistakes were made." Just point to some MIASMA or something as to blame.
You people are SO AFRAID of this stigma that THEY GAVE YOU. Did ANY of you research this LABEL they throw at you to shut you up and to try to PREVENT you from speaking FACTS?
The organizations devoted to applying that label to people like you are owned and run by members of the SAME CLAN as the banks, the media, and the senior leadership of Congress...the Treasury, and on and on.
You don't SEE anything though, nothing TO SEE.
LOL if you call the successive parade of them in Treasury and the Fed in PLAIN SIGHT as "the shadows." They're hiding right at the end of your nose. Nevermind media or fashion or publishing. Members of that mafia control what gets said and they control consequently what gets THOUGHT.
People would rather kill the messenger than face their own mental third rails; the stigma is THAT scary to them.
How fortuitous that this label that immediately negates anything positive you EVER DID, even things of historical stature, and makes you worse than a child molestor was invented by a member of the same clan as those who run and fund groups whose SOLE EXISTENCE revolves around slapping that label on people.
And they seem to have a one-color mind on who DESERVES that label. It's ALMOST as if the label was CONTRIVED to apply to ONE and ONLY one class of persons.
And most members of that class are TOO STUPID to even figure this out; they keep bleating the label at other people and expecting THEM to accept it. You don't GET IT, do you, cretins? Everyone else rejects the label; it doesn't APPLY to them, BY DEFINITION. They just laugh at you and go about their business.
deficit gotta be more than $1T...look at shadow liabilities and other deleverage metrics and you'll know how much additional has to be deficited
yeah; they turned it into the breadbasket of Africa.
The roads now in rural areas in RSA are getting nearly impassable. Infrastructure is in steep decline. Those evil noncoloreds with their oppressive power lines and roads and bridges and indoor plumbing. Don't they know that the noble natives DON'T WANT THIS RACISM?
So, anyhow, Mozambique and even Nigeria are offering the former farmers, aka, those that haven't been genocided yet (3500+ dead in RSA since Mandela), free land, just please come farm for us.
A good number of the boers I met were seriously considering packing it all up and GTFOing. The natives that were educable enough to encounter me were unanimous that the gov'ts should NOT be redistributing land. They completely recognized that they were taking land from farmers and giving it to people lacking the interest or knowledge to farm and in doing so, were causing the destruction of employment. In addition these natives relied on the existing infrastructure to earn a living and were dismayed that it has been on a one-way street to craterville.
this list is utter BS.
How much did Qaddafi have? How about Mubarak? When a mere President of Pakistan like Bhutto, can end up SOMEHOW having $10B, these guys have more money than anyone on this list.
MQ was rolling in oil money as dictator for how many decades? Even that little Tunisian idiot they ran outta there had over $10B. Mubarak was supposed to have something like $80B.
Never MIND what the Sauds have. Rafik Harari had more than $8B...his children were among the "richest under 18" as was Bhutto's spawn. Simple leaders of insignificant countries end up with far more wealth than any of these working, industry-building clowns. Heck, Arafat had what, 3...4 billion? And he was just the leader of an organization that wasn't even a country.
Our Senators live like billionaires. Do the math. Corruption and looting pay WAY better than real work.
reminds me of the Simpsons episode where they had the lizards to eat the birds, then the snakes to eat the lizards, then the gorillas to eat the snakes, and so forth...that is our plan for all this
AAPL made those kinds of billions...WINDFALL PROFITS TAX. Just like when XOM made LESS. XOM's profit margin was also 8 fucking %, not 40.
Also, samsung totally KILLED any cool factor it had with that shit commercial during the playoffs with all of those faggy looking...what the fuck were those people, hipsters or something? Does ANYONE look at those people and say fuckyeah I wanna be that?
It was worse than the iphone poseurs.
doesn't matter. Earl is the wrong demographic. Therefore, he is illegitimate. People like him were around when we had "colored drinking fountains." That was HIS era. So he and everything he stands for have no legitimacy. The same is true of those white slave owner founding fathers.
We should collectively reject everything they and this society has ever stood for up until 1969. Racism is the ONLY thing that matters and it alone is enough to wipe out and overshadow ANY merit on ANY other thing. It doesn't matter if you cured cancer tomorrow if you're a racist. It makes you evil and it makes your curing cancer evil.
The America that's coming does not look like what you saw in old B&W movies or on old TV shows depicting happy nuclear families. America now is culturally vibrant and diverse and people who have diversity DO NOT WANT TO OWN GUNS, have rights or noncorrupt governments, functioning economies or efficient national infrastructure. They want gibs me dat and they want it NOW. They want food and big screen TVs and some spending money and to party.
They don't want to hear about your racist guns. In a vibrant and diverse society, guns kill tons of people. In big cities, every day...dozens on weekends. It's got to stop. These were good kids, turning their lives around until a gun was put into the mix at the wrong place and the wrong time.
history doesn't exist from that long ago. That was before diversity and cultural vibrancy. That America was raicst and illegitimate and did racist and illegitimate things. This will all change.
Because the incarceration and arrest rates show such huge disparities by demographics, they must be equalized out. Groups that suffer from massive racism which leads to high incarceration will have to get reparations and the police will have to be told to stop arresting them.
You think they're all over Portland, OR, man? It's not the political philosophy, dude, it's the diversity.
the SOONER you people accept what is going on in front of your very eyes, the sooner you can understand how effed you are.
This nation is being transformed into a 3rd world hellhole by the VERY PEOPLE who hail from it.
The reason this march toward destruction seems so inexorable is precisely because PEOPLE LIKE YOU *refuse* to admit or accept it because you have mental sacred cows that you must bow down to. This is a sign of psych conditioning that you operate under. The real problem is willfully invisible.
dude, our entire SOCIETY and HISTORY has been deligitimized right in this one generation and you can watch people here DEFEND it.
if you watched the Olympics then you also know that besides this, what England has been most busy doing is enhancing diversity and multiculturalism.
They want diversity; they don't want guns and racism.
this is the only thing a nondiverse person IS capable of thinking about.
It's high time we got more diversity like Detroit, where racism has been conquered and utopia has broken out as a result. Destroying racist societies must be a prime objective.
If you see certain groups behaving in shamelessly ethocentric manners, this is just your racism confusing you. There wouldn't happen to be interests vested in the destruction of western society or anything. There are no groups that crusade to ferret out racism but which run their own apartheid State. An ethnically interlocked cabal does NOT exist which so controls the popular message that they get to DEFINE the meaning of "racism." One of their cousins was not actually who originally coined the term to apply to only one group.
that's because legal gun owners are non diverse. Most diverse and culturally vibrant people have arrest records which foreclose the possibility of legal ownership plus they DO NOT WANT racist guns because those make good kids who was turning they lives around into murderers at the "wrong place at the wrong time."
The race percentage is the complement of the "wrong track" percentage.
FIGURE IT OUT.
Politics isn't about all that. It's TRIBAL.
And there are a few tribes in the US. There's the diverse tribe. There's the culturally vibrant tribe. And there are yankee liberals who don't live around these other tribes. Then at the top, running all the race orgs is THE tribe.
And that's how things break down. You get bloc votes of certain tribes and form a coalition with the marxists who hate themselves and their evil history and you have the USA.
Birth rates make what this nation WAS a distant and never-returning memory. You're witnessing the REALITY of terminal decline due to demographics. BTW, visit RSA while the roads are still barely passable out in the countryside and before they get their inevitable Mugabe.
just because demographic influx shows a lower IQ average doesn't mean anything other than you and IQ are racist
THEY DON'T CARE, in fact if they do, they CELEBRATE IT.
I mean it's like having the Medal of Honor to have a diverse mixed grandchild. It's your absolution card from racism accusations, which "stain us all" in perpetuity according to those who control the popular message.
Your only way out from this scarlet letter is suicide.
Those who are in the BUSINESS of defining what is "popular" and "trendy" have decided that their business is the destruction of nondiversity.
dude, you are JUST NOTICING that most of the nondiverse part of the country is suffering from mass cognitive dissonance??!?!
I've been trying even around ZH to get people to WTFU for years. Demographics is destiny because biology is destiny. Biology is why every single chimp born this year will not achieve a master's degree in physics.
completely absurd. We can in NO WAY kill all the life on earth. It's not even remotely possible for us to do. It's the pinnacle of terminal arrogance to think we're that significant.
Look- Chernobyl dead zone is now one of the cleanest, most pristine wildernesses on the planet. How? All the humans left. The flora and the fauna rebounded almost immediately and are in awesome shape. Species long driven away have returned.
Animals don't live long enough in nature to get cancer and birth defected mutants die young. I saw a baby buffalo with a hind leg defect while on safari; that thing will live just as long as its mom can fend off predators, which was probably about another day.
You want to ensure earth's future? Nuke it.
how's that multiculturalism working out? Not well? shocking...
Who in the hell would report gold to anyone anyhow?
funny...I met people even from Russia when I was in Spain. People move all over, EXCEPT Americans. I travel quite a bit and am constantly meeting people from countries other than the one I'm in at the time, who moved there for work or whatever.
UE is comin down, ppl. The recovery is in force. Now, I know it doesn't look like a "real" recovery just like Obama doesn't look like a "real" President, but that was the old America.
In New America, numbers and data and facts don't matter. Because those facts might be racist. Or they might come from the way things were in Old America.
In Old America, if someone wasn't working, they were unemployed. That's not true anymore. In New America, you're only unemployed if they feel like counting you, if counting you or your existence serves their agendas.
Facts only exist in New America to serve agendas. And a fact isn't the same as what a fact used to be. Now a fact can unexist if it offends someone. Also if a fact isn't liked, it can unexist. And if Democrats and Republicans agree on a fact, then it is metaphysically true now.
speakin of skittles and 711s...there was a cabbie shot in NY by a hoodie wearing thug who looked just like the Late Saint Trayvawn. Dash cam got him
i have some business in the insurance industry and I concur...the RULES out of the states, which drive what benefits and entitlements are mandatory aren't even finalized yet.
This entire HCA is a charlie foxtrot. You'd expect nothing less out of fedgov or Obama
yes, but America is diverse and getting diverser and more culturally vibrant and that is all that matters.
All the things you bring up would have been relevant in Old America, which is simply illegitimate.
all these idiots are negative on the economy, they hate the direction things are going and YET STILL the CONDITIONING to get them to CONFORM and do what they were TOLD or else fear being LABELED a RACIST for not voting for Obama was more than strong enough to get the guy reelected, wasn't it?
it wasn't enough for whites to vote for him once; you had to go do it again to PROVE that you're not RAYCISS huh? Gfd I laugh at you people.
WINDFALL PROFITS TAX
This is warranted ANY TIME a company makes "too much profit." I mean how much profit does Apple really NEED when they are selling products we all HAVE to use?
XOM made these type of profits on half a trillion in revenue, for a meager 8% profit margin. Apple's margins are up around 40%. Thus a windfall profits tax is more than justified for Apple. If Apple had XOM's revenues, they would be earning $200B a year.
no; they migrated. CoL has some ownership of the racket, but so do home-grown interests.
The power of oil immutably shifted the axis of power toward NYC. Those who held the money power were forced to share. The War chased a lot of moneychangers west as bet-hedges too.
the trend has been driven by production, which established a new peak in 2011.
Miners have gotten monkeyhammered, and they're indicating all is not well
I can sum up my response in just a couple words: Fuck you.
All you 'blood diamond' motherfuckers can STFU...Australia doesn't have bribery lists to get its resources. PERHAPS the fault here lies with the goddamned corrupt savages in Africa.
Just maybe THAT is why Africa is so fucked up - AFRICANS. SOMEFUCKINGHOW, Norway was able to develop its resources (oil) without any wars, bribery, malaria, fuckin tuareg attacks, and all the rest of this shit and they even did it at the bottom of the goddamned OCEAN.
So a company tries to go in and develop a resource. You know how that WORKS in fuckin Africa, man? You have to PAY the fucking government crooks, the "chiefs" that Africans INSIST on being ruled by. They won't ACCEPT any other form of government. And so that's how deals get done. And that's how shit is. And it ain't gonna CHANGE until the Africans change. Give them a few hundred 1000 years additional evolution to catch up.
And you fucking STUPID white liberal westerners with your fucking terminal cluelessness just can't GET all of it. The white world way is DYING because of this narcissism.
You act like Africans need a REASON to kill each other, GFD...you're blaming the ONE set of people who ever tried to fix anything there for the problem. It's all about WHICH palms get greased in Africa. It is not a bunch of misunderstood people JUST LIKE YOU just YEARNING for freedom and responsibility and education and all of that shit. It's a fucking bunch of SAVAGES in the truest sense of the word; really akin to CAVEMEN, the way cavemen ACT and the way cavemen THINK.
I know these truths won't sit well with you but re-read my response summary if you think I care.
"rapidly declining Roman empire"???
Um...in the FOURTH fucking CENTURY? It held on for decades, centuries even after that!
These idiots and I must have dramatically different understandings of the meaning of the word "rapid"
printing ain't fucking stoppin...either bitch about it like ZH or get on board and do what you gotta do
they could have nationalized all those banks, incarcerated people, and then recapitalized by fiat....INSTEAD of handing those bankers a blank check.
But you have to remember, it's almost as if the people in financial chairs in Congress are RELATED to those who dominate the banking industry.
ZOMG, 1660...it's the silverbugz who bought at $49 on that "$60 by next week" call that got blowtorched
what group has an average IQ of 70 that could replace them?
There isn't one, you freakin moron, people and groups are not interchangeable.
dumbest thing ever written. The previous owners adversely possessed it from their predecessors.
Nevermind that a good portion of the US was purchased, only the "former owners" were primitives that didn't believe in honoring agreements or "sharing." They brought their war faces, raiding, stole, and killed, like primitives do and they got war in return.
have you EVER looked at how the bottom 3rd behaves? They have zero ability to ever have any wealth...a 5th grade education is a marvel if it sticks with them. Function in a civilized society is a stretch. Their basic concept of what civilization IS ain't the same as yours.
I have no idea where you idiots get the notion that everyone deserves a comfy outcome. Walton kids are PRECISELY WHY hot chicks chase rich dudes, SO THAT THEIR OFFSPRING/GENES have EXACTLY THIS ADVANTAGE.
You freakin marxists hate nature, hate science, hate evolution, hate biology.
There is no price being "paid" by virtue of wealth disparity.
XOM and all the other majors are having trouble replacing lost reserves with new finds. Oil companies post-peak are all dying.
craapl hit a HR with the iPhone; prior to that, MSFT had conquered almost half of the smartphone market. Their product was the best by far for most of the 2000s.
There were no viruses for Aapl because nobody CARED. What is the Crack, like 5% of the global computer market? What type of zombie spam farm creators would want to limit themselves to that?!?!
People use Craapl because their products have CACHET. Nobody gives a fk about how they WORK. The average Iphoner can't tell you a dang thing ABOUT it OTHER than "it's an iPhone."
so what was this, tune in to watch what people with a lot of money say? Who cares?
Money SHOULD BE cheap!!!
It should be FREE.
What is cheap? Money is...good; it can be manufactured AT WILL by banks.
Oil isn't cheap...gold isn't cheap. These things are not in infinite supply by computer click.
Money previous was nearly free; it was a placeholder for something real. If you had the real thing, a bank could discount a Real Bill for you cheaply and presto, there is "money" or currency, something in paper. Even the old BOE with their sterling bill prior to when they used it as an imperial weapon, it was ok, you have gold, you have money. Seigniorage was a low transaction cost.
I'm sick and tired of people who think by virtue of having some wealth that they are ENTITLED to have that wealth magically grow by 6% YoY.
dependency on MORE people later to pay for your benefits is now a fool's errand.
we have ag products, NG, a few minerals here and there, commercial aircraft, computer high-tech stuff, trucks, bulldozers, heavy equipment, far and AWAY the most "knowhow" in every engineering discipline from construction to superconductors, and we make a lot of good weapons.
stop romanticizing Old America, you freakin racist.
All of these things you talk about are a result of increased diversity and cultural vibrancy, which are INARGUABLY good things! Anyone who argues against their effects is a racist. Anyone who pines for the Old America is a racist. Old America was NOTHING except for racist. Seriously. It had NO OTHER defining attributes other than its racism. Racism overshadows everything in existence.
And nearly all of you will toe the line whenever there is any kind of threat to you that you will be slapped with this label. You will agree with what I have just said and nobody will really be able to mount any kind of serious argument against it. I can slap the racist label faster than you could EVER marshal facts to rebut it. Maybe you can stutter something about how Old America brought the world electric power, modern medicine, and computers but I can trump that ALL with "RACIST!" and you will simply STFU and get in line.
Nobody cares about your racist sovereignty or your racist guns or your racist "rights" which only historically applied to white men. Rights now belong to culturally vibrant and diverse people and they do not want racist rights and racist sovereignty and racist guns; in fact, they REJECT all the aspects of Old America including the racist Bill of Rights written by racists.
What culturally vibrant people want is for this country to be like where they came from, as they inexorably do things to turn it into that. Diverse people have suffered from historical racism so now they want to be compensated by people who are racist for the continuing "miasma" of racism which is why Detroit collapsed. The nondiverse people left and TOOK all the jobs. Yes, jobs aren't part of an economy, they are THINGS that can be set down or stockpiled on shelves, and the nondiverse people keep taking them away and burying them or something. This is all the hallmark of instititutionalized racism. ANY disparity in outcome or diverse person unhappiness is racism.
GFD You JUST IMPLIED that this reserve can produce 85mbpd. It CANNOT.
At MOST a reserve of this size might yield 250kbpd. That is NOT "41 days" of supply. It is enough to satisfy 1/340 of current world demand, or 360 seconds' worth.
this is the APPROPRIATE way to evaluate reserves, look at expected PRODUCTION. Divide THAT into consumption and come up with an answer. 6 minutes per day worth of supply makes people realize how TRIFLING such a discovery is. "41 days" sounds like "well, we'll just find another one on day 40, I seem to read news blurbs every few weeks about a discovery like this, so we'll just make do."
this moron below who says "saudi arabia numbers" based upon reserves can go fuck himself as he's a fucking idiot. RATE OF PRODUCTION is what matters, NOT reserves.
then LET THEM DEVELOP THE FUCKING THINGS
You marxists are such idiots. BP and Statoil come in and PAY FOR THIS SHIT and in addition to drilling, they BUILD INFRASTRUCTURE like schools, roads, bridges, power lines, and ALL the other trappings of the motherfucking MODERN WORLD.
And these fuckin 3rd world savages do NOTHING BUT DESTROY IT.
what REDEEMING quality do all these ragheads have? They fucking live on the desert on camels...what the fuck is that shit?
They're not like you where they want to bitch on the fucking internet about nuances of rights and other white people shit...they want to fuck shit up and if they have their way, the goddamned rest of the world will be at their level of existence. It's not that they hate your way of life, it's like blacks in Detroit, they're simply INCAPABLE of making one of these modern societies.
And all this oil? What the fuck would they know the difference if it was ALL GONE? It has NO worth to them; it's fucking hundreds and thousands of feet down, buried in rock. They wouldn't even know it was THERE if it wasn't for BP and statoil and the West. And yet it "belongs" to them? Fuck them. And fuck you too.
I guess when suckers are this stupid you almost can't help but steal from them, huh? I mean it's almost a fuckin obligation to take their money
oh yeah...the fucking free market SURE POLICED the fucking banks REALLY WELL prior to FDIC.
Banks failed ALL THE FUCKING TIME and ruined tons of people. The goddamned market is not the silver bullet magic skittle shitting unicorn you retarded libertardians make it out to be.
as are you because you don't have a fuckin clue what penultimate means...did you get this stupidity from fuckin Reggie Middleton? retards
they need people who can tell the machines what to do. I do that.
And I've seen the shit that passes for "development" from indians...ugh.
I plan to tell the machines to vaporize all of you when the time comes, just fyi
there was no middle class before unions, you fucking moron.
How do you think communism gained so much traction?
the problem here is that you cannot see through your racism.
It is not people like you who built this country, it was women and minorities. You can check down the list of all the important pieces of infrastructure that women and minorities developed and built. The list of inventions by both is humongous. This is why we should spend all of our time celebrating these groups.
if sports like football went away, where would middle aged balding white males get their positive images of young black men from?
the amount of energy that these fat cucks spend adulating over people who would rob and murder them at the first opportunity never ceases to amaze me. They go sit in stadiums and cheer people who they need police to keep away.
ROTFL...you think this government and its spending has anything to do with growth?
It's all a fucking cargo cult. Oil supply dictates growth.
his overarching question is the same as the rest of theirs: "is it good for the jews?"
Nothing will transpire by his hand that is bad for them.
This austerity that's coming is in effect trying to force the nation to pay back the banksters plus interest. Fuck that, I would rather see us just inflate into oblivion than to actually try to pay these fucking con artists their joobux back plus vig.
Usury is a historical crime and so many of the idiot ZHers are in a king of the hill contest to bleat the loudest about how we simply NEED to pay our debts with interest.
maybe Lew is somehow related to those who dominate banking and thereby own all of the debt "We the People" ostensibly owe.
Maryland wants to raise the minimum wage to $10/hr because of all the people it would help.
As if the money can just come from fucking nowhere. I guess that's really how it is for legislators. And some idiot gov talking head said also that you should object if the retailers try to pass the CC fees on to you (that visa, mc, amex charge for processing). LOL, who the fuck do they actually think PAYS those fees?
the middle class was built via labor pricing power through unions. These unions then sold out to business and government which sold out to each other and banking.
Now there is a revolving door between government, union, corporate, and banking...it's because they all merged. You won't get a fair shake from anybody these days.
jesus christ you ideologues are such fuckin retards.
You take ONE point and reduce it to absurdity.
Nevermind the strawman. I never said government could STOP shit from failing, asshole. You didn't even ASK me what I thought in terms of an ALTERNATIVE to you stupid faggots' "free market" which was a FREE FOR ALL libertardian wet dream. You just assumed a straw position and then argued against it.
The system PRIOR to FDIC was not preferable to that AFTER FDIC. however, idiots, this DOES NOT MEAN that the FDIC system is TO BLAME for the 2008 crash. In fact, it had NOTHING to do with it. Banks after GD1 were relegated to nearly UTILITY status, which is how it SHOULD BE, especially after the S&L failure wave.
YES, banks should be REGULATED because they fuck everything up if they are not. The financial system crashed as a result of banks free to do what the fuck ever they wanted. And, when they FAILED, the FDIC system was NOT to blame; individual deposits had FUCK ALL to do with the eleventy katrillion worth of CDO squareds rotting on balance sheets.
the prohibition against usury for 2000 years was bank regulation. Banks have historically STOLEN from people and should be regulated heavily. The 90s were an undoing of this and the banks RAPIDLY took us to total financial destruction JUST AS THEY DID in the 1920s, another unregulated era.
Trying to blame retail deposits for any of this is fucking absurd and all of you should simply shut the fuck up and go off and be quiet out of embarrassment for ever having implied such a thing.
the banks made the mess because they were ALLOWED TO, just as Chinese factories have polluted most of the fresh water in that country because they are ALLOWED TO.
The Free fucking market you fucking idiots worship has done NOTHING to protect people. The only recourse people have is to gang up on the powerful through unions and government constructs. The shit you stupid fuckin randians hate.
you fucking idiot...just like the factories in china have reorganized into a lower societal cost in terms of pollution output, right?
Yeah, the free market is working WONDERS over there.
and hope hasn't died at ALL.
Obama was just COMFORTABLY reelected. Yeah, this means that there are still legions of 47%ers HOPing for more of the productive members' earnings, and there are still tons of illegals HOPing for promised amnesty (so they can become part of the 47%), and obviously still tons of yankee lib noncoloreds HOPing that colored people will like them and absolve them from the stain of perpetual guilt for something someone else did to somebody else 300 years ago or something.
Oh wait, that's IT, idn't it? The author of the article, like the morons here, thought that the rest of everybody was hoping for the same things that he was! LOL...they're NOT, morons.
People don't SHARE your values. They don't want what you want; their definition of good, just, and right is totally different. Alien even.
That is because you are clinging to principles from OLD America. This is New America. New America REJECTS almost EVERYTHING from Old America because Old America was racist. Racism is such an existential sin that it totally nullifies anything, ever, for all time. Consequently, there was nothing at ALL that was good about Old America. This is why New America's values seem to be totally opposite and bizarro.
And yes, I seriously mean that you are all racists. By definition of the word; it's a simple statement of fact.
It is to get more registered democraps into the system. You think these democraps in the Party care if this is a 3rd world country? Hell, they WANT ONE. In the 3rd world, people like them get richer and are in power longer...forever. And they can always hire security.
Mexico, Brazil, Argentina...all have some really nice places, as nice as anywhere on the planet. The rich people live there.
why, are we importing japanese people by the millions or are our demographics suggestive of a destiny a little more akin to mexico? Our future is Argentina, El Salvador, Guatemala, etc. NOT Japan.
Don't be so pessimistic man...you just worship BALE
We have moar nuclear power coming and we're easily smart enough to run that right. We have diversity now and diversity solves everything. If we throw enough diversity at plant construction and operation, it will solve itself.
Kurzweil said just think of all those MINDS coming online in the next few years, all those MINDS all over the planet about to get onto the internet. He said this at TED which means it's real yo. All those 3rd world MINDS are out there going to combine forces to invent stuff man, cool stuff. Because it is always vast collections of the fat part of the bell curve that invents things like, calculus or the transistor or something. MINDS on the internet. Tons of MINDS.
My personal experience is that you can put 100 ordinary people in a room and give them a reasonably difficult logic or math problem and the lot of them cannot solve it whereas only one genius can, but I am not on TED, so my argument is invalid!!1
stupid fking article...Amtrak turns a profit. Yeah, with its 80 year old infrastructure and 40 year old rolling stock, the NE corridor earns a ton of money and has 3/4 of the NY/DC traffic.
They have starved Amtrak for decades while funding the hell (subsidizing) out of car and plane traffic. Amtrak was the whipping boy for the money wasted on roads and airports.
stop being mendacious...the fire was caused by YET AGAIN, band members lighting off some pyro stuff indoors. THIS is what needs to be banned.
oh no, Boeing got more orders, 787s sell, Tyler Durden suicidal that the sky hasn't fallen.
BA has a 7 year sellout on some models, and a 3400 plane backlog.
why is it that people here are such misanthropes? Are you all so empty inside that you just want to see everything burn and everyone suffer? Get help, jfc.
GFD the sky is ALWAYS FALLING for you gd idiots.
Life is OK in Spain. People are out walking around and living. SO WHAT if they don't have as much material CRAP anymore?
Tyler should rename himself because the TD in the movie repudiated life of materialism and was FINE with less crap and more meaningful relationships; that was the central theme of the gd movie.
This place has gone to total sh!t and become a doomer goon board full of people wanting the world to explode. You all think you're going to be kings or something because you have "lots of ammo and AR15s." What a bunch of clowns.
maybe, um, they should think about actually productively contributing to civilization instead of robbing, drug dealing, and sports?
username was banned; site owner had a problem with something I said. Was browsing one day and saw that someone had mentioned that this username was unlocked so i logged in.
I told y'all to go look the DARPA killer bots up a couple months ago.
The robot mule can carry 300lbs 30 mi or so already. They'll muffle it and make it semi-autonomous. And it will sit there patientily with its 300lbs worth of gatling and ammo...oh, wait, you thought it was going to carry food to starving children? ROTFL. It'll sit there and wait and when it detects a "potential terrorist," it will open fire.
The RFP for the robot cheetah includes "ability to evade incoming fire" and to "subdue a noncompliant individual." You just put two and two on what they mean by subdue. They mean it like how they "service" targets. They don't mean it like Domino's means it.
They will send these robot armored mules in formation ahead of troops, drones above, drones below. They have robot snakes, robot sharks, robot sea snake...it will just go and grab you and drown you. Or flush you out...the mules can do that pretty effectively and then the MQ above gives you a hellfire dose of freedom and democracy.
A small drone can fly into a window and detonate with shrapnel. Supercomputing blimps overhead. I'm not the only one who can imagine this stuff; they're way ahead of you tough guys with your bunkers, ranches, and mighty AR15s.
If you don't think they'll have predator "where'd that bullet come from" technology to ice you, you're dumb. Just a few robot mules with the right weaponry and your ranch is a thing of the past. They will sneak up and observe for days and then you get freedom and democracy by the 500lb measure.
if the USPS goes TU, how we will possibly be able to sustain the artificial middle class of diversity?
wait, you mean the strategy of importing millions of africans to help uphold the "social contract" didn't go smoothly? Whocouldanode?
France has some of the pinnacle of western european WHITE culture.
Until they decided to import nigeria in some insane belief that they could be like "tan frenchmen" and would just assimilate to the French way of doing things. They appear to have other ideas about the "social compact," about what "morality" is, right and wrong and all of that.
they have to be gigantic to eke out any return, leverage goes to infinity as yield goes to 0.
but doesn't rigging a game require intelligence?
Why wouldn't the naturally superior just unrig the game for their own benefit? Dogs don't keep humans as pets, do they?
...which is why you find the same things in west africa, jamaica, etc., right?
It's genetic, from a lot longer than a few hundred years.
you think this is the real Quaid? It is.
Morons, I can't post things from the work computer I am on most of the time, or else I will get fired or get a nastygram from the web filter which pings me if I say SHIT or FUCK or anything else, god forbid say negro or something else along those lines.
on my personal computer I can tell all of you to go fuck yourselves with impunity.
the ONLY possible way you can go from what I said to what you replied is by being a complete fucking idiot...I mean this is the mother of all non sequiturs
Spain is a cool place; I was just there. Things seemed to be ok despite the talk of catastrophe. Life goes on.
Bid up property in a place NOBODY wants to actually live??!! ROTFL.
The place is a god-forsaken desert, FFS. They are paying people to live there, otherwise it's a camel lot.
do they truck sewage out of those places and block Skype?
When are the majority residents of Dubai going to demand political representation that libtards claim is their ENTITLEMENT. That and fast-track "amnesty" or citizenship?
supply is tighter than they're saying because production is not as high as advertised.
Cushing is irrelevant.
Was Prudhoe a "reversal" in US oil production?
africans are in most cases so dramatically different than African Americans that it blows the mind right outta the head. Hell, they even move over on the roads if you want to go faster.
However, um...yeah. They rob, murder, mutilate white people in Africa for being white. There's been a genocide of farmers in RSA since apartheid fell, nevermind what happened in zimbo. They are hospitable to a point just as lions are relatively pleasant during the day after a big meal. You are advised by black guides not to wander around in their own countries. Hell, they even roll their eyes at people like swedes who assume everywhere is safe just like this private game reserve is.
Dubai is a shithole...ugliest place I've ever been, bar none. The khalifa is a ridiculous piece of engineering, utterly staggering, like Coruscant or something, but the place has no redeeming qualities whatsoever. Dubai=meaning of life is SHOPPING for luxury western brands. THAT is their hallmark, oh we have Hermes and LV and Chanel ALL in the SAME mall!!! Wow whoopie shit look at us.
Fkin arab trash; vacuous, soulless, empty. Materialism. Yet people rave at it.
can't speak to croats, but the serbs I met when in serbia were considerably happier despite a relatively bleak future than typical americans.
Look- all these immigrants are only here to make money. They're not here for anything else.
Chinese people mill around at the side of the road looking for work? Where tf is this?!?
haha...um...while I certainly appreciate the support, you are REALLY going to ask someone for a logical explanation on why I am racist?
Each and every time you justify this label this way, you give it legitimacy. You are trying to make a logical assault on its legitimacy when you should merely REJECT IT. You cannot make a logical assault on the legitimacy of miasmas or alien abductions, can you? If you legitimize these labels you will end up having them used on you as others gang up to try to impose cloture.
I am racist by the definition of the word, as are you. The word has no real meaning. Call me a unicorn next.
ZOMG you guys are not chasing retail merchandise from approved retailers with VAT and other taxes!!! You are evil terrists who are anti-american!!! I bet you are using CASH instead of electronic interest-bearing credit cards too!! You are rejecting the system of USURY and debt serfdom and just getting on with living life and using bearer notes. WTF is wrong with you, this is EVIL.
So sayeth our media and government. They say it so often and so loud that I almost wonder if those in charge there are in some way related to those who benefit from the lending racket. Hmm...thought gone, Bergeron device made a loud siren.
weather, scenery, yes...chicks, not so much. Hottest chicks anywhere i've been were in Rome. Tourism high season so assume that those OBVIOUSLY east euro chicks were not real romans, but whatever. Eye candy everywhere. Belgrade takes second place; every 10th or so is a supermodel.
The women in brazil are also pretty smokin and in the NE, the men are ugly. If you're noncolored, you can score pretty much whomever. Especially americans...we are the conquerors and you just gotta have that aura and you're set.
actually, 3rd world societies are remarkably politically stable. The security necessary is a background noise type of thing. The threats are usually from other members of the family and external. Rarely do you see any type of revolt. Some riots, sure, but nothing that poses any kind of threat. You see the same guy or family in charge for eons.
It's feudalism; medieval europe was 3rd world. What scares tptb are educated people of a certain noncolored persuasion, the type of people who historically have done things like popular revolutions.
the middle class is intermixing with people from the 3rd world, and will create a large 3rd world country. They are not going to do ANYTHING; they never have and never will.
As the US 3rdifies further, stability on a political level will INCREASE, not decrease.
They owned slaves.
Therefore, EVERY single thing they ever did is nullified, voided, invalidated, illegitimate.
And if you disagree then you are a racist as was America before 1969. Old America, along with everything that came out of it, is to be relegated to the trashheap of history.
this is the SAME China that has been in a currency war via PEG to the dollar for decades?
they can gfy
dude, NOBODY hates science more than liberals and progressives.
Evolution is THE TRUTH just up until it suggests that diversity is real instead of superficial. Then it cannot be mentioned.
RACE IS A SOCIAL CONSTRUCT. Nevermind that there are blood tests and DNA analysis they do to determine if you are "native american" enough to get a casino or to assist police in determining a ton of the biological markers like skin color and skeletal composition of a DNA sample. That stuff isn't SCIENCE, it's BIGOTRY and RACISM, STEREOTYPES and PREJUDICE.
Nevermind logic and fact, such as "does gun control actually work?" These things are mere trivialities compared to the awesome weight of PROGRESS. IQ, for example, doesn't measure anything if it shows ACTUAL human biodiversity or tends to refute liberal axioms. However, it most certainly DOES measure something VERY important when it needs to save somebody with a low one from the electric chair, especially if they are of the right social construct, which doesn't actually exist except, again, when it's going to spare someone from the death penalty or fetch them some gov't bennies.
the western powers have been building roads, bridges, power lines, hospitals, and telecommunications in africa for a long time.
Hardly looting it. Why do you hate yourself so much?
right here, motherfucker
this is the problem, Durden is full of shit and so is this article. funny how they deemed Spaniards miserable without actually asking any spaniards.
Just come up with your own metric and say "ZOMG those people must be MISERABLE"...why? Because they don't have an american-style economy?
Look, fuckheads, WE are the people who are fucking miserable; look around you. This is the most miserable nation...all we do is bitch and kill people. We have diversity running loose, fuckin illegal aliens everywhere, our culture is in FULL DECLINE. Look at our TV, music, art...anything.
Stop projecting, America.
how many of the retards commenting on Spain have actually ever been to Spain?
Europeans tend to be FAR happier than Merkins. Merkins are comparatively spoiled fucking brats who throw violent tantrums at the first disturbance.
This nation is about overreacting for everything- it's jewish. Neurotic, hyper passive/aggressive, and bitchy warmongers.
black reproductive rate is an evolutionary strategy. It's not going to be "realized" away.
Blacks in the first world still have it.
It is mitigated only by things on the right hand side of Bartlett's sheet.
I routinely go places that are supposedly fucking miserable and I encounter people FAR HAPPIER than the average Merikin, who is ready to get into a fucking fight if Dick's sold out of the particular model of bicycle that little precious was supposed to get as an Xmas present.
Merikins project their unhappiness onto others. They don't understand that there is more to life than running like a fucking hamster on a fucking wheel like the Red Queen to make some joobux for some semite to buy his teenage daughter a nose job or a bigger bar mitvah for his effeminate, neurotic son.
If you don't let your society get infested by this love of money, such that it pervades every aspect of your existence, you're intrinsically much happier.
these spoiled brat kids grow up into unmarriageable spoiled brat 30-something women who are pissed that reality has not seen fit to conform itself to their wishes.
And, parents still enable it, as long as they possibly can.
it doesn't ONLY happen where I said it happens; it is merely substantially MORE COMMON.
You people seem to be incapable of conceptualizing more than a binary outcome model
The savages didn't have any land...they just occupied it from time to time. Made no real use of it.
Unlike you, I like electricity and roads.
Civilizations yield to other civilizations; it is a part of the cycle of life. Nobody owns the land, they only own what they can defend against someone else.
Fuck you and all you who are inimical to nature and evolution.
I would have to pose a question to the "hawks," um, wtf exactly is your solution to this basic MATH staring you assholes in the face?
I cannot fathom their even considering ending the programs when to do so would collapse the ENTIRE credit market immediately. Seriously. It'd be like that day that Reserve buck-broke except over with even quicker.
There isn't any money market anymore except for CB lending. If they end these programs, the USG goes tits-up immediately and the entire monetary credit edollar complex seizes up completely. They'd have to reverse course within an HOUR. The major MM run in 08 was going to take us apart in about a day. You better have paper cash if they try it.
...which also destroys the economy.
Seems like everywhere is just one election away from Mugabe
Good...so after you're dead, we can pick through the charred rubble for your gold
know who else likes totalitarian socialist governments? 3rd worlders. That's why they always have them there.
See, what they're not teaching you in "science" is that people are who CREATE environments and cultures and societies. What you see is a reflection of them.
The US has a one-way demographic trend in place.
why would they do that? Were they related to the main agitators for global communism? Was Karl Mordechai related too? Is marxism basically another clan religion?
look at all those people in that line for handouts.
Orderly. Well-dressed. Well-behaved. Polite. Manners.
Now go onto youtube and take a look at lines for Section 8 vouchers (even when it's just a rumor that there were gonna be some). And by lines I mean "black mobs dressed like fucking cretins and behaving like apes."
Those old pictures should be thrown away, torn up, rightfully consigned to the dustbin. Because they are from Old America, which was racist. That entire society and way of being was illegitimate because of racism. Those people had separate drinking fountains therefore we should reject everything about them.
those people in those countries aren't saddled with the costs of an artificial black middle class or a police state or a DoD that gobbles up a trillion a year. This shit ain't cheap.
dude, the Challenger blew up because fucking rubber O rings couldn't take the fucking COLD.
Odd failure modes are a HALLMARK of complex systems.
how was anyone expecting economic growth when aggregate energy supply is contracting?
an airport locker? LOL...you'd have to be insane to store anything of value in a bin that anyone can go into an empty out without recourse to you.
A bank deposit box is at present the securest storage location when you add up theft/robbery risk and balance it against failure/seizure risk. At PRESENT.
You can always buy Perth certs if you want them to hold your gold for you. They are an actual mint in the business of producing.
that was the practice "back in the day."
Silver is ugly but not quite as ugly as silverbugz
It's just a vindication for the real world folks. We've been saying for years that MONEY and DEBT don't MATTER in a real sense. They are SYMPTOMS, not CAUSES.
What matters to whether you can drive more people more miles is that you have more energy supply. The debt is just a claim ticket.
Ben CAN'T PRINT OIL.
Look at the US's history...1970, peak oil, 1970s...collapse, inflation, malaise. 1980s we get Prudhoe, suddenly it is morning in America. Same debt arc. If we begin producing again, we'll have the good times rolling. Everything orbits around our ability to increase aggregate energy rate of production, or to decrease the decline. The debt just FOLLOWS that.
Bernank and the rest of them really ARE trying to print oil by offering credit at nearly free prices. But, those in the real world understand that there is NO AMOUNT of debt that can make a negative EROI somehow profitable in any real sense.
MS had almost half of the smartphone market in 2007...things in this product space can go sideways or dowwwwwn in a big hurry.
Right now the droid phones are riding high because of Samsung's hardware and pricing. But only MS is making any money of this OS.
At some point, when does "doing it for free" become an issue for google? It'd be like FB trying to charge people for something they won't pay for.
so at this run rate, what's the total debt delta gonna be under Obama...+12T.
They certainly did stack on new taxes and whatnot, but Bama has already added $6T from 1/20/09 to now. Funny how all this debt was "destroying the economy" when Busch did it, but now it's "saving the economy from the debt that Busch destroyed it with."
idiot...if someone WERE actually "suppressing" the price, somebody would buy the fuck out of it with both fists.
Why isn't silver over 100/oz? Because fucking NOBODY except idiot silverbugz would pay that much for an ounce right now!
these lunatics are nothing more than RACISTS pining for the bygone days of Old America.
they can't adjust to the reality of New America
every jurisdiction run by this demographic is merely ONE election away from a Mugabe. Detroit already had a few of them. It's always the same.
I pitched in $30 to get into Zimbabwe back at the end of 2012; they're lucky all those japanese tourists were buying double entry.
I smashed on some ho from harare; thought she was british. Apparently, people still work there and there are actually some operating businesses for the time being.
interestingly, WINCE had this market even as late at 07. DOD and other 3 letters used MS smartphones because they offered VPN and a vaguely real OS. In foreign countries, I saw a lot of HP palmPC ish MS smartphones like the old Tilt, winmo 6.0 and whatnot. The restaurants used them as POS devices, took orders, swiped cards, the whole kaboodle. Seemed hightecher than US practice and this was the 3rd world in S. America.
All MS had to do was clone iPhone's UI and spend some actual money developing a real OS to support these features and they had whatever Android has now.
MS needs to make a coherent play for the business market because they simply don't have the cachet marketing their device under their own name. It's ironic, because XBox sells like hotcakes despite being inferior technology to PS3, and it has a solid brand and following. Perhaps MS should have ditched Windows and gone with XPhone, especially after Craapl sh!t all over the windows brand, marketing during the Vista debacle. Market research shows that consumers don't want "windows phones."
However, Craapl has proven that an ugly brick with the right logo will be desired. Solution: change the branding.
I am wondering if we'll see much news coverage...I'm almost convinced that the news media people in power must somehow be related to these warmongers. Surely, some of the central power players in Congress will act decisively on this, right? This looks to be an aggressive incursion into not one, but TWO sovereign countries, along with a clear act of war.
why SHOULDN'T it?
Please tell me you're not going to cite "bc dat beez rayciss" and I'm going to have to laugh at you...
the iranians are rightfully scared to death of the israelis, who have succeeded in convincing everyone that they are both nuclear armed, and batsh!t crazy...
people think allocated gold is like how kids think of bank accounts, like a little safe with YOUR actual physical stuff in it.
Allocated means that there is a piece of paper which says that you have your own bars and sets forth your rights with respect to them. It gives the bank "like kind" outs, because they aren't really actually going to partition a vault for you.
At most, allocated gold is going to be a contractual share of big bars. So if the bank has 1000 oz in allocated ownership, they should have 1000 oz on a shelf. It's just an accounting convention.
yeah, because every town everywhere is just chock full of that demographic, right?
glocks and AK47s...lemme guess, you got that from rap music? Fess up, moron
Germany didn't try to import half of Nigeria and pretend they were just tanned germans
Bill Gross: "waah waah waah waaah waaaaah"
Somebody call the fkin waahmbulance for this idiot. He made ALL OF HIS MONEY on this credit boom, by having AUM and being able to just BUY STUFF and get paid a free yield for doing NOTHING.
He's lived his whole life off of OTHER people's efforts! That's what bonds ARE. The money Gross plays with came from thin air- all of it. And NOW he's complaining?? Why? Because he's not getting his EASY YIELD anymore.
In Gross's mind there should BE NO RISK to his money. He should get paid yield just to sit there. Mansions, moats, jets...all his entitlements for having "AUM" and some insider tips.
you're always here to say "look over there" every time someone points out the GROSS disproportionality of this ethnicity in banking, finance, media, congress, lots of places, in the US and UK.
Always...nothing to see here, move on, these aren't the droids you're looking for. GFY
see, this is what type of insanity and trouble you can get into when you let OTHERS energize mental third rails and lead you around like a dog.
You're prone to acting AGAINST your best interests.
This clown could not have gotten elected without decades of conditioning to the majority demographic.
Gross is facing the very ugly possibility of having to actually DO something productive to earn a yield and that means getting dirty and it means RISK.
The only decent alpha yields are in tobacco stocks and some pipeline LPs and stuff like that. The days of earning 5% off of a risk-free sovereign are gone.
Gross will have to get off his @ss and deal with some geopol risks and all of the other risks that us little people have to navigate whenever we deploy money to this or that "investment."
good, then we agree and I should expect you to stop MISCHARACTERIZING the opinions of those who POINT OUT a FACTUAL matter of gross disproportionality and nondiversity in various professions.
when will these idiot progs figure it out? The ONLY governments that can even vaguely be trusted with much money are run by nordic people. And even THOSE have serious whiffs of corruption, albeit not too widespread and yes they will jail them when it's exposed.
at least we know you silverbugz don't beat your wives every day silver doesn't go up because there's no freakin way you could ever get a woman
brainwashed by whom?!? It's almost as if the person considered the father of propaganda is somehow related to those practicing his art today. Sounds like they tell a lot of Big Lies. Who talked about how somebody or other told a lot of Big Lies?
I'm going to interject here.
We reach an impass EVERY time this subject comes up. Someone makes a TRUE statement about a group and someone retorts with individuals and expects that to be a refutation.
What you say is also true, individuals do things, not groups. BUT, what you have not considered is the emergent complexity that gives the GROUP or the SYSTEM a life of its own, even its own goals and kind of hive mind.
This is the conundrum that has driven "the Question" about different groups throughout history. The individuals were pretty ok by themselves. But the swarm or school or hive of them had and has distinct destructive side effects.
It is incontrovertible that there is something EMERGENT about the group in question, that somehow dominates media, finance, congress, fashion, and other key industries, and there's nothing to argue about the particular message that comes out. It's like they're related or THINK ALIKE. Related people tend to do that as a function of biology. And like-minded actors sum up to form a system that appears independent of them. This is the problem. The system that all of these individuals have created is toxic. You cannot destroy the system, however, without effect to the individuals.
And the system that these individuals have spawned acts to PROTECT their interests and its own, at all costs. And their system doesn't have a problem raping you as an individual or whatever group you belong to. Part of their propaganda is to convince everyone ELSE, specifically one rival group, that even having a group identity is evil, all the while strongly maintaining their own. Apartheid is evil except in their State. Deporting illegal aliens en masse is evil, except in their State. Ethnocentricity is evil, except if you're an approved group, then it's encouraged.
Their system produces destruction for those not in their group. But yes you can evaluate each individual as effectively "innocent." There is no ONE person that can be punished. So wtf is anyone to do? Pretend there is no problem? Dismiss the entire discussion as "collectivist", aka, punt?
YES YOU DO HATE THEM because you have criticized israel!
That is the only REAL reason anyone would criticize that State. And if you disagree, you're obviously a racist, just like everybody who didn't vote for Obama.
Disagree? PROVE YOU'RE NOT.
no; actually it is YOU that are the idiot.
ANY fast-spectrum gen 4 reactor can consume actinides and transuranics; the engineering problems with this fuel cycle are nontrivial. LFR is supposed to be online in 2015. SCWR are under development. Other Gen 4 technologies do not exist yet.
The problem is processing the spent fuel, jack@ss. You can't just dump this stuff in and close the lid like this is a Mr. Fusion.
stop, stop, stop with the Madmax, ok?
Argentina...power is on.
Even in Baghdad, during the war, there was power. And food.
Beirut, power during a civil war.
Life during "apocalypse" is not so bad as people envision. Things will not be convenient, sure, but even in Beirut during the height of the civil war, people went out, had dinner, fell in love, got married...life goes ON.
Stop worrying so much.
If you TRULY believe in the madmax scenario your #1 goal must be mobility. Your farm does no good if it gets contaminated. Putting down roots for the apocalypse is poor judgment. You must be prepared to leave anywhere at a moment's notice, the "Heat Rule," 30 seconds flat.
If things really were to melt down, expect radiological or chemical contamination in many places. What good is a nice farm if it ends up downwind from some sort of industrial accident?
WTF exactly do you think you're going to use that ammo for?
Does your gun have serial #1 on it? If not you can be sure it isn't the only one out there.
Ammo is in short supply in NOT ONE collapsed society. You can pick up AK47s for $250 in Pakistan. Shooting your way to prosperity will not work. People think life is like a videogame...well, um, you don't get health packs and a retry. You take one round in real life and your post-crash lifespan goes to 0.
Better have gold to pay the surgeon with.
I will bring my gold and we will be the jews in Chumbawalia.
I am much cooler in person
Bills already have a date stamp.
Still think cash is king anyone? Like they can't freakin SEIZE IT?
There's ALREADY a gigantic apparatus set up to seize cash, it's called a SALES TAX.
The eDollar payments flow system tracks the movement of EVERY SINGLE eDollar in the system. Transfer from a business account to a personal account, the eDollar flow is tracked and a portion seized (income tax).
There is nothing that can be said about the illegalability or seizability of gold that can't be said twice for FRNs even in paper form.
I've gone over this same argument before.
The Fed does not have the tanks and guns. The government does.
The government will monetize its own auctions if it comes to the choice between that and default.
Yes, they will put the gun to the heads of the bankers. In a contest between the goldsmiths and the king, you bet on the king.
A deflationary crunch makes the US default and renders the USD of ruble-worth. The gov't in such a situation would seize assets immediately, would force monetization, will retake the monetary power because "those awful bankers at the Fed won't help."
The USG is, remember, the biggest debtor on the planet. If they have an auction fail and cannot fund, the Fed's SOLE product collapses.
TSA is incompetent.
Just take a look at who screens you at airports - it's an affirmative action program. They aren't hiring or training for competence, all it is is another appear-to-be-on-top-of-things jobs program.
Every failure is an excuse to set themselves up for more failure
Rents going up will render a lot of housing unaffordable.
Most SFH rentals of recent vintage are cashflow negative.
There is no way a rise in the pricing level of RE can be sustained against this income backdrop. None.
There's already a glut of housing and if the trend is to see more multiple occupancies because incomes fall in real terms vs. rents, this will do nothing to work off the inventory glut.
Housing is not an investment nor does it hold real value. Productive land, yes, real assets, yes, a house? No.
Housing like we have is the ultimate dead asset. Given what may be coming in terms of tax increases, it may end up being a huge liability. Our inflation was made out of credit growth; that has stopped. If/when the Fed switches to outright helicopter methods, then, perhaps, but without a manifestation of inflation in incomes, there are inadequate earnings to support a rise in the nominal price of RE.
The housing market is so fluffed up still by subsidies and supply-side credit growth/stimulus that we are nowhere near what real values can be supported by incomes.
Our valuations are so historically out of whack that it is not funny.
In Wonderful Life, the borrower paid 50% of income for 5 years at 5% and owned the home outright. Our situation now is 30% of income for 30 years at 5%. People are literally debt slaves for most of their working life to the banks just to have a house.
This works so long as credit inflation runs in the forward direction with economic growth in the future to pay off today's debts. We hit an inflection point and housing cannot be expected to continue to be fluffed up...the real income simply ISN'T there to support the rising interest load of the increase in credit/prices.
Nevermind the overhead supply glut in REOs and overcapacity. The trend now is towards downsizing and multiple occupancies just to support rents. That makes a supply overhang nearly permanent.
Let's settle on major point here once and for all, ok?
Only a stupid goldbug is buying gold in order to try to "profit" from inflation or hyperinflation. There is no such thing. Gold does not "rise" in value; it stays fairly level over time.
If you wanted to profit from inflation, you should be buying levered bets on gold, such as stocks.
Gold bugs of today are looking at a landscape of inarguable fiscal insolvency by most sovereigns and placing their bet on something that will preserve wealth across what could be a cascading sequence of functional sovereign default.
The opposite is occuring...with tax incentives and all the other BS, we're incentivizing them TO build houses.
No builder would be able to build a house right now at a profit without the support of the .gov to make the situation even worse.
For this growth ponzi to continue, we need even more people buying even more houses that they don't live in to flip to even more people. It's obvious that this is a total clusterfuck but TPTB cannot let the situation work itself out.
There were too many levered vehicles in the credit pipeline, synthetic debt instruments and pyramided CDO leverage. If they let prices normalize, they vaporize nearly all of the credit growth over the past 5 years or even longer perhaps.
I had this same gd'd argument over and over and over again on TF a few months ago.
Look, I counsel everyone to like, you know, travel or something.
Go to a 3rd world nation and SEE HOW incomes do not grow with inflation. In Brazil, automobiles cost fantastic multiples of average income. Inflation can and does happen without wage push, simple as that. In fact, for it to happen without wage spiral is the NORM, not the exception.
A simple devaluation of the currency is all that need occur. Could VW or Honda sell way more cars in Brazil if the Civic were not R$ 60,000 and an Accord R$90,000??? Of course. But it wouldn't be profitable to do so. Real costs are higher compared to incomes and they sell less product.
Wage push is never a prerequisite for cost climb.
Yeah, they just raised the toll on the road I drive on.
I'm sure there is less traffic because of the joblessness situation and the massive layoffs.
I also see oil at $80/bbl and gasoline just south of $3/gal.
I don't know what the hell deflationists are on.
This shit happens ALL OVER THE WORLD, where prices are VERY HIGH for real things in terms of real income.
JFC, the toll road from Cancun to Chichen Itza is unaffordable for the vast majority of Mexicans, as are CARS. It is the same throughout Latin America...low wages, and high prices.
Does everyone think that our consumption rate is an entitlement? That companies cannot live without it?
Prices will reflect true cost. If we had significant deflation over the past year or two, would fkin gasoline be stuck north of $2.50?? We're seeing a revaluation of our incomes LOWER. That is what inflation DOES and is SUPPOSED to do.
It does no goddamned good to weaken your currency if you have to pay your employees more at the ratio of the devaluation. I guess deflationists haven't figured that out, how a weaker currency helps exports. It does by pricing labor cheaper because wages never keep up.
I walked through the last metal detector, in a high-security airport, one of the ones most likely to be the "victim of a terrorist attack" with 5 krugerrands in my pocket, one on a chain around my neck and a gold Rolex daydate with the President band and did not hear a beep.
Cash is a joke...you talk about paper gold, wtf is cash, paper paper?
Do you HONESTLY think they cannot seize your eDollars, dude? WTF is cash other than electronic paper? And wtf is paper other than something that could be revalued with the stroke on a pen. Your FRNs can be rendered utterly worthless at any time.
The Fed has mfing vaults full of paper notes.
Paper notes are easily creatable. There will never be any shortage of paper notes.
A bank lockup to prevent a run is a precursor to outright seizure and/or devaluation.
You will NOT want to hold paper notes in the event that they lock up the eDollars. You will want to transition those into something else because the devaluation is coming up the driveway.
So, nobody can rob your cash and the gov't cannot confiscate it??
Cash can be confiscated at the stroke of a pen. eDollars can be confiscated with the click of a mouse.
Cash is IMMEASURABLY easier to confiscate than gold is.
Cash...the ultimate faith instrument.
Is marijuana WORTHLESS?
The government cannot legislate the worth of something.
The creditmoney system requires exponential growth to satisfy the prevailing coupon which was set more-or-less a little below the economicalness ROI of the business climate.
IOW, we need to grow this year around last year's interest rate regime. The problem is that the newest, latest, greatest economic activity is of negative profitability. It's uneconomical. Be it empty cities in China or ethanol, everything we're trying now is a waste of money and energy.
Building new roads, "infrastructure," all planning for a future that won't come. The returns aren't there in the fundamental economy, so we have leverage and synthetic instruments trying to make nominal money. Hell, the stock market is computers trading with other computers to raise nominal prices on literally bankrupt companies.
We need to be looking at how to downscale and retrench instead of trying to find a way to get the crate more speed.
I wish there were good numbers on what maximum current theoretical oil production could be, if OPEC really cut or just legitimized a production decline pretending it was a cut of oil they were never really producing.
As fragile as shit is right now, if oil supply has declined such that inventory drawdowns become systemic, we are in real, real trouble here. We just piled on a mountainload of debt to get through no more than a year or two and all of those projects and plans are going to go to complete shit because the liquid energy just won't be there to power them.
+1 to this...you cannot see that movie too many times.
The bounding overleap infantry tactic is a necessity to draw from this movie. If you know how to do this at a squad level and your opponents in a firefight do not, you will kill them every time.
My only beef with the movie was the the lack of damage that Pacino's FAL did to automobiles. In real life, military carbines, ESPECIALLY a 7.62N, will chop that isht up. Cars are NOT cover.
Nope. My own thesis. JHK may say some of the same things, but I don't borrow from him
Bingo...you lend to kleptocrats in 3rd world who kickback to you.
The loans get defaulted.
You get the gold via backstop from the IMF.
All in the name of saving the world.
Sorass isn't going to ACTUALLY put his money at risk...he wants a fucking guarantee for EVERYTHING. Fucking clown needs to be taken out and shot. Motherfuckers like this lead to everyone in their tribe getting rounded up
Hey, man, great post!
Just one problem...I can't find the USSR on a map. Can you help me out here?
refusing to provide information to the press isn't an infringement on their right to say anything. Idjit.
actually they were happier, healthier, better-fed, and had longer average life expectancies than northern laborers.
You should stop taking what you think you know about slavery from "Django Unchained" or Roots.
Germany's demography is horrible (and iceland and several others) only IF growth is the future.
Under a state of contraction, they are in great shape. But, the end trend goes toward Children of Men, where you have to lock out refugees/immigrants who come to siphon off a share of the pie.
A resurgence of nationalism should be expected going forward.
The economy is imploding because oil peaked. Economic GROWTH requires a GROWTH in all of its inputs; at a fundamental level, energy is the alpha input of all inputs.
Aggregate energy supply is in contraction. Consequently, aggregate economies are in contraction. It's a simple matter of how many muffins can you bake with a certain input of flour. Decrease, the input, decrease the output.
A system built on a necessary assumption of growth will go kaput when growth stops, nevermind contraction.
Yes. It was an accounting entry, not real money.
SS functions basically by taking in receipts and paying out benefits.
Any surplus then goes to buy Special Treasuries and the surplus gets spent by the government on whatever they want to spend it on. Those special Treasuries generate paper interest returns which "increase" the balance owed to SS.
Right now we owe SS $2.5T or more. Medicare's balance sheet is even worse.
You revisionists are a hoot.
The US became the richest nation on earth sans income tax, sans central bank, sans debtmoney, basically on a gold standard.
Those who claim we "need" fiat money or taxes or else we'll be in the stone ages are fools and present a grossly incorrect, intellectually bankrupt false dilemma.
Taxes are not what shared productivity, unions were. Get your facts straight.
SS is a ponzi. It pays current benefits out of incoming receipts. It is not a SWF. The money for 70 years has been spent. It's gone, there is nothing in the "Trust Fund" except IOUs from the government. Yes, the same one that has $12T in other debt, nevermind the FF&C liabilities on the unlimited exposure to FNM/FRE, AIG, and all the rest of this. Also nevermind the losses embedded in the Fed's balance sheet which WILL be transferred to the Treasury.
If someone owed $23k to someone else and they owed you $2k, do you have any faith you're going to get your money? The gov is on the hook for about $23T just in bailout exposure alone. SS won't get TARP'd.
If they raise taxes, they will simply suck more money out of consumption on one hand to give it to another. SS is a relatively efficient operation as far as .gov programs go, in that there is very little parasitic drag loss. The vast majority of the monies intaken go out as benefits. So, consumption will be shifted from the poor working generations to the statistically far richer elderly.
This program was never intended to be retirement security, it was a stealth tax intended to help fund a bankrupt sovereign that had just devalued and seized private assets in a Depression. It's similar to how the Health Care bill imposes taxes this year but any benefits don't show up till 2014 at the earliest. They are desperate for the money.
I had a business partner once that did shit like this...it's a classic sign of end-state desperation. One of them was a general contractor and would take money from clients and throw into a sinking business and basically just hope that when the time came, they could fund the work that needed to be done on the contract paid. And, lo and behold, they could not.
The HC bill is creating a far more massive deficit downstream because the taxes now for it won't go TO it.
This is how life works in a kleptocracy. We're seeing it in real-time, with a front-row seat. Those who have political connections and can get the in's are the ones who receive essentially free money, zero-risk.
So, they're on the hook for no interest, there's a loss-share between them and the "people." It's basically like how sports stadiums get built.
It will generate a cash-flow to the owner, who can basically extend his payment lifespan out over infinity and end up making money. But if you're not connected enough to get the deal done, fuck you. That's basically it.
Those who have a seat at the trough - I've said this before elsewhere - had a motherfucking BANNER year last year and the previous. I know a guy who was senior Clitton Admin WH staff and is now a lobbyist and he actually said that (in 2008) from his perspective, he couldn't see any kind of housing crisis. Everyone he knew was full speed ahead. That is the difference between connected and unconnected.
The fait accompli is that the "middle class" is a stakeholder. They will acquiesce insofar as their wealth is 100% tied up in housing and the stock market.
Anyone who is aboard will go along with it. Those who are sitting on cash or have money in CDs or who lose their jobs...basically, you fall off the train.
The gov now manages most industrial activity through defense contracts, buys its own debt, buys its own mortgages, and manages the stock market via index futures and 0% loans to banks to buy said. This is inflation whether you LIKE IT OR NOT. Those who really thought that a deflationary priceless cash climate was going to come were true fools.
Their (Fed/USG) fear is total dollar collapse, not managed devaluation. Deflation leads to the former. Their hope is that they can control the latter.
Rates can't go up. If they do, lending will crawl to a complete stop...on everything. There's very little on the landscape that can support a high coupon rate and still turn a profit. Not in this country anyhow.
They have to offer the money at 0% or else nobody will borrow it.
Residential HOUSING had very little to do with the credit bubble!
I mean, look at the total outstanding of all mortgages and then compare to synthetic instruments such as notional outstanding for CDS or other swap instruments.
Residential housing is only the visible tip of a gigantic credit iceberg.
Taibbi isn't smart enough to understand the problem.
THE problem is debt-based money. It requires exponential growth.
At some point, finite, real physical systems place a ceiling on growth.
This is just the nature of things. At that point, the system has to begin generating credit growth by ponzi means. Synthetic debt was far larger than housing and residential mortgages. By any means necessary, they grew the credit base. The housing price trend was merely a symptom of a deeper problem.
Everyone is running around pointing at the tip of the iceberg as if that is the entire problem. Then when they think they've solved that, they wonder why jfc the thing is still here. There is so much more below the waterline, real foundational problems that are simply not contemplated by economists. Consequently, they can do no more than run around making asinine proclamations.
Who cares how or why when the SYSTEM we operate in our actual money in the absolute, REQUIRES growth as a nature of its existence? All the things we've seen WILL occur and MUST occur as a side effect of the inability of a real economy to produce the growth needed to pay the coupon on the money lent into it.
Look at the credit curve or the inflation curve since we hit our oil peak in 1970. Look at all that happened since. Every dollar in existence, whether physical or electronic, has an interest demand that it lays by its very existence upon the real economy.
The system merely found a way to temporarily satisfy those exponentially growing needs with synthetic inputs. That is all.
I mean, shit, we HAD to grow lending, right? Ever wonder why credit MUST be grown? If you place that axiom upon a system, who could be surprised at what happened? Credit done got grown, didn't it?
All this talk of "socialism" and "capitalism" and government and the rest is just obfuscation. I say this over and over again - UNDERSTAND the parable of the indian king, the chessboard, and the rice. Until/unless you come to a fundamental understanding of what demands an exponential growth problem levies upon the real world, you will not get what has occurred and will continually scramble around with no more than a superficial grasp of the underlying issues.
Prechter is wrong - the Fed can't save EITHER the dollar or the economy because these things are outside the control of men and depend upon the physical world to cooperate.
The global economy is entering an energy-led contraction phase. Nothing imaginary like money can replace real oil.
You're about to see a hundred years of "economics science" (aka bullshit) turned on its head by a failure to understand what really drives expansion and what really MAKES things turn.
The dollar is a CLAIM on our future! It represents by its existence a claim upon our future, that we must be bigger then than now. At whatever point we cannot grow further, the dollar collapses.
And the economy is the thing that must grow for the creditdollar to survive.
Get out of paper.
This is, as I've said from the beginning, an existential crisis for paper claims based upon expectations of the future.
This is just the PINNACLE of absurdity!
We are talking about the price of bonds in a state that is BANKRUPT and how printing money to "buy" them is keeping their price down.
Well, shit, if stopping QE is going to cause a bond downgrade and eventual insolvency, WHY STOP IT?
And if you cannot stop default without PRINTING money, then you are already fuckin insolvent!
As for GS and the City...good lord, haven't people figured out that inflation is very, very, very^35 good for the rich??? GS will happily pay this tribute because there are precious few places out there with the type of insane inflationary policies that make the directors of companies like GS filthy rich.
Let them GO to Switzerland...haven't jews figured out yet that Switz is no safe haven???
The world is going to tire of usury as interest service strangles the life out of the real economy. I would not want to be a member of a group historically associated with banking and usury when that time comes.
0% is a competitive yield. WTF else out there is gonna deliver this?
Yields seem to be dropping on even safe investments...I've been trying to track KMP for an entry for sometime and have just watched its yield dive. Still around 7% but I was hoping for better :(
Europe has been outmaneuvered.
Russia desires to keep them a captive market. Europe was eyeballing non-Russian gas but needed a terrestrial delivery means. Unfortunately, China stepped in and locked up most of the supply via its own pipeline routes. Now, it's down to a scramble to get some kind of delivery from some resource base that doesn't transit Russia's sphere, which as the conflict a couple years ago proved, does include Tblisi.
It really doesn't matter what pipeline they build if the gas is already going elsewhere.
This is the primary reason the EU has not played ball with our Iran anti-nuke posture.
There are precisely 3 ways to get gas out of Turkmenistan that don't involve going through Russia - one involves going through Iran. Another is to transit Afghanistan then Pakistan. The third is to build a pipeline on the Caspian seabed to Azerbaijan then through Georgia, to link with existing Azer gas supplies.
If they cannot settle the sovereignty issues with the Caspian, or defend a sea pipe against the Iranians, then they're left with two very bad choices, and the Afghan route does not link the gas directly to the EU. That leaves Iran.
Basically, this is a choice between who's worse, Iran or Russia. Just an unfortunate matter of geography. It also highlights the geographic criticality of Georgia. Europe hopes essentially to transit the majority of its gas supplies through a relatively razor-thin region sandwiched between two relatively antagonistic States. It's either that or LNG ships from Karachi.
The EU is late to the party, though, as China has already built a 30Bcm pipe to Turkmenistan, so their gas may already be spoken for. Welcome to impending resource wars...
Fuck you people. I, for one, am DAMN PROUD to be an American and to be having my national investments put to such good use.
I mean, they only lost $5B. Private companies lose way more than that all the time. They lost less money than most of the banks and a lot of other companies. This is one of the better performances out there.
I only hope that they can run my health care and everything else with the same efficiency and proficiency that they've run GMAC and FNM/FRE.
I mean Howie Long is telling me the Malibu beats the shit out of Camry and Accord...wtf more do you people need to get patriotic?? It's a sad day in this great nation when the people won't get behind a massive government boondoggle with jingoistic fervor. Baby Jesus is weeping
Yeah, um, before this happens, let's all remember that debt is a state of mind. It's a paper thing, a fiction. A promise.
Not the same as an actual black hole on a collision course with the earth at a few astronomical units. Life will go on if the freakin bondholders (aka rich) don't get paid.
The rich don't pay fuckin taxes, they lend to the gov't at interest. Time to de-jew them and make them into equity holders instead of usury lenders.
greatest generation blablabla
They were nothing special
All the previous generations built things too...no income tax, no Fed, no massive central government, no Military Industrial Complex.
There were "depressions" and bank panics before. But the greatest generation wasn't even born by the time their ancestors had built us into the richest nation on earth and the unions had carved out wage concessions to distribute the wealth.
The Greatest Gen fought the war, sure...anybody prior would have. But they came home to a social structure built by their parents and grandparents.
Well, Mexico is in a HORRID position; they peaked in 2004 and now appear to be sliding into chaos. Brazil is nowhere near that.
Meanwhile, nonproducing nations whose middle classes have massive McMansions and hugely consumptive lifestyles...that's another story.
Dan Yergin already spilled the beans on this thesis and he was correct.
Energy is the thing that Maketh; never forget that.
Not a thing gets done anywhere in the universe w/o it.
There is no other way.
Fractional BS and synthetic debt allowed them to run this thing almost a decade after it would have already collapsed on its own. It's tried to already 3 times in the past 10 years...hasn't anyone noticed?
The real economy ran out of steam and the synthetic one took over the baton of credit growth. And they piled leverage atop leverage, constructing CDOs even of tranches of other CDOs. Yeah, supersenior tranches of CDOs composed of equity tranches of other CDOs, synthetic CDOs based upon the payment streams from CDSs, themselves tranched, and then squared up again, with leverage built right into the instrument.
Again, rice...chessboard. You have to double the shit each square, that's the rule. So $40T in credit outstanding must become $80T, then $160T, then $320T.
What, nobody understands e?
Whoever flagged my post as junk...fuck you.
Yes I will piss on your holy institutions like the one that the "Greatest" generation was the freakin greatest generation.
GFD, who raised the godawful baby boomers to be such petulant snots?
The generations before were greater...they gave us the industrial might, the unions, the child labor laws, and all of it. After the War, everyone went on cruise control.
The Fed subsidy of GM/GMAC will BK Ford. They cannot compete with an automaker that can sell at a loss.
what does it matter? put as many of these dollars as you can into your pockets. The nation of "USA" is dead. It died decades ago. Don't mourn for it, just move to the acceptance stage and get on with things.
The Constitution and all those high-minded ideals are dead. They were invented by white slave owners, so they're illegitimate anyhow. What's legitimate is brown-style government, banana republic, generalissimos, chiefs, warlords, and gangster states. Systems where the law is whatever the Man says it is.
"The Man" is a very literal phrase. It means exactly what it says and comes from a chieftain style of government. The Man owns and runs everything and can do as he wants. If he decides to give stuff that you thought was "yours" to someone else, that's his prerogative. It wasn't yours anyhow, it was The Man's.
A lot of people in the world live under The Man. They seem to be pretty OK with it. I was just in Africa and saw "Elect R. Mugabe for President" T shirts on people and no, it's not a joke. The dude wins despite having destroyed the economy totally in the span of 10 years. This type of populace doesn't mind corruption or incompetence or criminality; it's the Man's prerogative to do these things.
so we have a high-tech, orderly society, with high speed rail, clean facilities, pristine cities, and a vanishingly low crime rate?
You morons act like Japan has a problem. in a world of CONTRACTION, you don't want the demographics of growth.
yeah, she's a "wise latina" like sotomayor, right?
Thank GOD for diversity and affirmative action. The further we collectively get away from the UTTER HELL that the bygone America was, like from before the Civil Rights Act (<1950s), the better. The US back then was a complete hellhole chock full of poorly-mannered, uncivilized, unhappy, immoral people.
you sound like a white man, so HOW DARE YOU deign to question a WISE LATINA on anything?
Haven't you figured out yet that her latinaness makes her simply too deep, wise, real, noble, and progressive for your neandarthal white male brain to possibly comprehend. therefore, you are a racist.
We NEED more of people like her so we can turn into Mexico. Only then will goodness break out instead of this evil, oppressive white culture. Mexico is so much better than this white country in all ways...I mean it's rich and vibrant and all of that.
The culture before mass immigration and the coddling of minorities was simply evil and boorish. Things like powered flight and the transistor and space programs have no place in a progressive rich and vibrant culture and we must rid ourselves of people who disagree.
I was in Africa last week...there was just something realer and deeper and nobler and wiser about having to worry about contracting serious infectious diseases from contact with the water supply that I cannot believe someone could be so racist as to not want to be like that here.
the Fed will just have to print more, won't they?
Amazing how the first term of this joke President featured (according to Treasurydirect) an increase of about $6T in debt and nobody says much of squat about it.
they've already got you believing things that are laughably false and you react to those who speak truth exactly the way they want you to
Tyler is full of crap...this is NOT inflation. According to the Fed and the BLS, using either hedonic adjustments or Chained CPI, there IS NO inflation by choosing to drink brown colored water instead of coffee.
Who are you going to trust, the GOVERNMENT or some guy using a Brad Pitt avatar?
eyes should be illegal if they tend to conflict with MiniTruth doctrine.
I mean the truth requires our consent, doesn't it?
silver tarnishes. And silverbugz are stupid.
There was a silver-paneled Audi A8 owned by some sheik in the ME tho. Was pretty baller. Tough to keep clean without constant polishing but that's what indians are for in places like UAE.
screw bitcoin; it's a joke.
Without STATES and FORCE to back up the transactions, you have nothing. Bitcoin is a velveteen rabbit.
welfare buys a lot of lottery tickets too.
And you wonder why the poor stay poor and nobody should really lose any sleep over that? It's not a soluble problem.
cuz lord knows that before all the civil rights act stuff purified america's evil soul and made the country the great place it is today, there was NO WAY to "keep order" of ornery savages without extortion payments huh?
These cards are the legacy of '67, trying to buyoff a future without riots.
yeah but android phones pretty much suck. Only MS appears to be making any real money on android phones
I know Brioni had a tie with some gold thread in it. How cool to have the fabric construction tag say "silk" and then "gold"...who the hell has gold in their clothes? That's pimp
music isn't about music anymore, it's about multimedia. You can't be a success these days unless you are more like a fashion model than a singer. They just autotune it. The lyrics are written in mills.
The Beatles couldn't get signed today, nevermind great bands that were chock full of ugly dudes.
Even bands and acts that can actually sing and write a bit have to have a look. It's the same with actors; they all (women and men) have jawlines you can carve a ham on but can't actually act for squat.
wtf does it matter anyhow? This insane notion that the reason people are poor is because they somehow didn't get "a break" needs to die.
The poor are poor because they don't save money. They spend it...all of it and then some. Lottery winners and affleets are the classic examples of a sudden windfall followed by inevitable re-poverty.
There's simply a difference in CORE BEHAVIORS between the two groups and pretending that if you bestow one with the bank account of the other and that they are then interchangeable...it's suicidal.
This, however, is marxist "nurture" doctrine.
this was inevitable...who could be surprised? The money BOA used came from FNM or the Fed in the FIRST PLACE. It's a circle jerk.
They gave FNM some money that FNM will now give back to them for newly-sanitized mortgages.
yes it is...wtf, haven't you been paying ATTENTION the past 10, 15, 30 years?
Fraud like this will be papered over. Too many civil suits and they will just pass a law and sweep it under the rug. It will be yet ANOTHER chance for the deadbeat leeches who "bought" the houses to get even MORE free crap.
greasy greeks have "opted out" of paying taxes and working for decades and "opted in" to lounging in cafes pretending to work...so how exactly is this soft revolt any different from status quo?
huhwtf? People of different races don't freakin get along...they self-segregate, always have and always will. Maybe you should attend a beat whitey night and get your head out
of course he is...he's one of the guys that services obama. And he spreads his cheeks for the ISR lobby
what kinda stupid, marxist crap is this...the middle class is the only productive class? So like Carnegie wasn't productive, Gates, Rockefeller?
Doctors aren't productive?
nevermind that a good portion of the "rich" work insane hours while the NOBLE middle class is out binge drinking and blowing off reporting for work. The people who complain about how they never get ahead are like the people who complain about how they can just never lose weight. Even black car drivers in AFRICA of all places get this...
Stolen? Stolen from WHOM? Who HAD IT that it was taken from them?
People don't want a safety net, you ignoramus, they want something for NOTHING.
I'd like to see what the saintly middle class EVER did to have had all that wealth that was supposedly stolen from them.
This the problem with all of you motherfking marxists, you conceptualize every inequality as some form of oppression.
wtf do you think causes growth if not someone RISKING their own skin on something they hope earns a return?
AJ came in with talking points; he wasn't prepared to debate, nor was he responsive in any way to any counterpoint.
The gungrabbers ALWAYS point to "gun violence" and try to make that the issue. It's a red herring. "gun" violence is not qualitatively different in most respects from any other type of violence, "knife" violence, "fist" violence, etc.
They always bring up the UK and how they have low amounts of gun homicides. Unfortunately, they have abundance of other kinds; while they have low "gun" violence, they are the highest in the other forms of violence in the EU. The grabbers continually try to centralize the discussion around guns and only guns because that's a cherrypick and the only point they can succeed on. Taken in totality, NOBODY should be trying to emulate the UK's policy on crime in ANY way. And THAT is the point in opposition that needs to be made, look at the freaking UK, the policies have been awful.
Also, there have been other mass shootings in the period between aurora and sandy hook. They just weren't publicized. The news only reports on things which tend to fit their agenda. It's like having a coin toss and you simply don't report when it's a heads. Anyone watching your report would assume the coin had only tails. There was a shooting in WI IIRC, where a black guy shot up a mall with pistols, killed 4 ppl I think, but it simply wasn't made news. Didn't fit the narrative. Wasn't an assault rifle, wasn't a white man. So, like in 1984, it never "happened." Conversely, sandy hook and aurora were hyped so much, they "happen all the time."
OF course it didn't go well...CNN is a gungrab "news" organization. Jones brought up points that didn't fit their narrative and he refused to play on their field of "*gun* violence."
The grabbers NEVER talk about overall violence. They don't mention muggings, stabbings, robbery, home invasions, etc. It's always gun violence and nothing but violence with guns. Overall violence is NOT their concern.
What IS their concern is a person with a gun, a citizen, a regular joe (as opposed to someone *authorized*, aka, an elite).
Look at the Secret Service, look at the security profiles of all the bigwigs- they are telling you what is their PRIMARY concern, a person with a gun. All the scanning the crowd, the snipers, the metal detectors. All of it is to find that person with a gun. People with guns scare them.
RSA is *significantly* more violent than the UK. The numbers are BS here.
But, UK to EU, the UK is pretty violent. Point that must be made is NOBODY should be trying to emulate the UK in any way in terms of how they've "dealt with" violent crime.
If when they banned guns there they told people "we will mostly eliminate gun homicides but ALL other forms of violence will be unaffected and will continue to go up," I don't think the population would have said "that sounds GREAT" and gone along with it.
But, by consistently framing the argument around the red herring of GUN violence, they were able to make people forget about all the other forms, forms that the media downplays because they don't fit the agenda.
metallurgical analysis of steel from the rubble showed extensive sulfate corrosion. There were failure modes that were simply unanticipated. High temperature corrosion of steel in a reducing environment was just not considered until after the fact. Samples showed in addition extensive evidence of chlorine attack.
Merely because YOU do not understand these does not mean that they do not exist.
What is thermate explosive residue? Thermite residue would be aluminum oxide and iron.
article is total BS. ETFs can expand infinitely to accommodate influx of monies.
It's not real gold...it is options to have gold or promises to possibly deliver gold if they don't have to go to too much trouble to get it.
ETFs and the lot permit the manufacture of infinite ounces of paper gold and a mechanism by which cash can settle in lieu of real material. Even allocated accounts work this way.
why the hell would someone want to buy the silver bullion market?
You silverbugz need to have your heads examined...praying for a market corner so you won't be a bagholder
dat be rayciss...what happened in rhodes, i mean zimbabwe, was all white people's fault
they can already make gold in a lab. Nuclear transmutation makes gold all the time.
ZIRP is a symptom, not a cause.
You need to understand how yield gets paid and what could cause yield not to be able to be paid.
you may as well use 'qwerakfjds' instead of 'american' because you just made the word mean wtfever you wanted to
so the reason there are more jooz in finance and media is because they have a genetic predisposition toward stealing and lying?
It is you who are the stooge, in the literal sense of the word. Jooz predominate in these industries because they practice ethnocentrism, aka racism, in favor of their clan. We don't need more of them in positions of power that they never share nor relinquish.
If we take a look at professions they dominate, we see nothing but things that revulse us. Media is full of walking bags of filth. Finance is full of thieves and con artists. Congress, with senior positions now dominated by jooz, is less highly-regarded than cockroaches.
When everyone throughout time dislikes you, maybe it's not everybody else that has the problem.
lemme guess: it's the Germans? Bc if I watch drama shows produced by hollweird, I tend to notice that the evil masterminds behind all crime are aryan males typically with german accents. Even if there are some fronts like a hispanic gang or some "armenians," they are always taking their marching orders from the germans.
This view on reality tends to be very different from real reality. But what do you expect from a clan whose entire history and self-image is a lie? A god who told them to slaughter and genocide and upon that alone is the basis for their claim to ownership of a slice of land? A group with a religion which sets in black letter policies of genocide, racism, and ethnic supremacy?
yep, because they've been run out of everywhere they've ever been...
ya wonder if maybe it was bc of stuff like they do here? Their homeland came as a result of genocide. The talmud is veritably satanic. Gee what a shock that nobody anywhere ever can get along with them? It's not the world that has the problem if nobody likes you. It's probably you.
if it were any other group, questions would be asked. But this is why their doctrine says they should take hold of the message fora first. This way when you control what gets said and what doesn't, you effectively control perception, which is like controlling reality.
Things simply "don't happen" because otherwise they'd have been news, right? People would have heard about them. This was one of the central themes of 1984.
This clan is like La Cosa Nostra...this same behavior is WHY they were run out of everywhere they've ever been. Each time of course, they claimed they were acting in a predatory ethnocentric manner because of "self-defense." Just like how our war department has the name "defense" department and we call spending on AGGRESSION instead "defense" spending. It's the Big Lie.
But what do you expect from people whose religion sets down in writing a policy of conquest, predation, and even genocide? Whose "ancestral homeland" was garnered by the result of wanton slaughter and invasion (I don't mean in 1947). People should really read the old testament and the talmud...it's really rather similar in nature to islam, which was a copycat of judaism because mo wanted to be their messiah.
I always laugh at people who in response to something going on NOW, bring up something that happened like a THOUSAND FKIN YEARS AGO.
STFU, you gd'd idiot.
yep...it's all "everyone else's fault."
Got it. Do you guys actually believe that? I mean I have some acquaintances and they are mostly self-deceptive like this. I wonder if it's the talmudic taqiyya thing that Mo stole or if the Big Lie is so well-ingrained that you started believing your own crap. I guess that would explain the self-destructive tendency among you...I get a whiff of your actually wanting someone to put you out of your collective misery.
"We only peddle the filth and con and scam people because we were persecuted into doing it."
ROTFL...you've been bleating this BIG LIE for centuries. Cry out in pain as you strike.
how's that gonna affect the domestic manufacturers? Will be lots of AR15 clones still...
nobody is rampaging with well made german carbines
where is Duke Power and "disproportionate hiring = prima facie racism" when you need it, eh?
well, it is bankers in anglo-american countries. They just have names like Benjamin and Jacob.
Those who hail from the clan are going "Right on!!!!" about now. Another one of the mafia into a key position.
stuff's gonna get ugly no matter what, and sadly. Gonna be a lotta what some call unfunded liabilities liquidated.
Africa...phew...quintupled population, massive cargo cult surviving on the same thing we do- petrochem agro. Wait till real scarcity starts to bite.
When the clan was showing up after financial crashes that their fingerprints were all over wearing 3 fur coats and 2 hands full of gold rings, some the former property of the people they were speaking to, well...things get pear-shaped.
dude...just give up.
Peak Oil and AGW mean that status quo is untenable and that shit has to change...people are just barely smart enough to be able to roughly gauge the implications "if" either of these are true.
So they would really rather persist in denial. AGW will work itself out in the long run.
what if maybe, just maybe, the atmosphere cannot readily accommodate the emissions loads we're putting into it?
I mean, we've ALREADY seen - nobody disputes - rainfall cycles disruption due to smog and aerosol pollution. I don't know why people have so much trouble with the implications of AGW
yes, the plethora of ETFs are intended to absorb demand that would otherwise go toward real commodities and create trouble.
all of the outcomes lead to an inescapable conclusion: japan will have to move beyond just being a de facto nuclear weapons state and announce.
It's a good thing China won't have the sealift capability by 2021 to invade Taiwan, so that scenario is moot. Japan's navy is presently FAR superior to China's and will remain so long past any of these timelines. Operational experience in blue water combat takes generations of sailors. You cannot just buy a bunch of ships and be a great navy. It's been tried before and it failed miserably.
China's attempt at amphibious invasion of taiwan would provoke laughter and then a shooting gallery. See Chuenpee and the Opium Wars. If numerical superiority trumped tactics, the Incas would have won, so would the Armada, and the fighting King loses at Agincourt. Nevermind Salamis and a ton of other battles where experience trumped all over numbers.
Japan's consitution prohibits war and nukes.
But they are a defacto nuclear weapons state anyhow. There is a pretty sizeable chunk of the population that is not opposed to nukes even now. Let China actually start military operations and see how the numbers increase rapidly.
Japan has something like 100 metric tons of Pu239 onshore and another 300 stored elsewhere. All you really have to do is mash this sh!t together really hard and you have an atomic bomb, just not a good one. Japan's space program gives them intercontinental delivery means; they lift heavy satellites into orbit all the time. From a technology perspective, they could have top-notch thermonuclear weapons assembled and ready to fire in a week.
Nevermind how the Indians would respond to that type of belligerence.
ROTFL. Hornet's nest? Who the hell has China EVER beaten decisively in a war?
China is a historical joke, dude. Most of their current belligerence sources from small penis syndrome because the japanese stomped all over them 70 years ago; everybody did. They were like the world's whore.
Wrong wrong and wrong.
The situation in cities has NOTHING to do with socialism or liberalism. It's a brown colored young male thing. It is present everywhere they are in abundant numbers, everywhere on the PLANET.
If you subtract out brown colored people from the data, you see a violence rate LOWER than Europe (subtracting out blacks + hispanics) and you see schools systems that are at #3 in the world, even in science and math.
A "good school" is shorthand for a school with lots of whites and asians.
Violence propensity is a matter of biology; it is NOT distributed equally throughout humans. Neither is intelligence, melanin, fast twitch muscle fiber percentage, and a whole host of other attributes. Humans are biodiverse and have separate evolutionary lineages.
For example european DNA is 4% neandarthal. Nobody else on the planet besides caucasians has any. This means that diversity arose in a state of relative separation. Darwin, you know that guy that the supposed liberals worship, said that races should not be classified as the same species. Maybe not even same genera.
This is REAL diversity...but it cannot be accepted by the supposed diversity hawks. They only want faux diversity or in reality, they are anti-european. Aggressive behaviors are noted in some species of fish, whereas other fish species like to school. Each of these behaviors is an adaptation to selective pressure. But it is wrong to assume that aggression is the "solution" to selective pressure; it is just something that permits a higher offspring survival rate and eventual trait dominance. Jared Diamond says that subsaharan evolution proceeded the way it did because of disease, specifically malaria and YFV, which would have tended to wipe out concentrations of population and consequently inhibited development of civilization which would normally tend to select for civilized behavior. It turns out that aggression and violence help you if you want to inhibit civilization, but they are not the best "solution" to the problem, just one that permits trait dominance over time.
In fact, human intelligence was NOT an adaptation; it was an accidental mutation that serendipitously permitted trait dominance over time. ALL adaptations under evolutionary theory are exactly that! They are no more than accidents which proved fortuitous. This is what is meant by the "blind watchmaker."
But all of this is rejected by liberal evolutionists.
I neither want nor need anything.
You will not be permitted to turn blunt factual statements into referenda on the people making the statements.
The group that is pathologically INCAPABLE of self-awareness is not the anglosaxon, the creator of things called human rights, the freer of slaves, the Prometheus Race of man.
People had to BEND christianity, the "white" religion, to get it to condone barbarism. The same isn't true of judaism and mohammedism; genocide and slaughter is written into those religions as commandments.
Evil people have evil religions.
nonwhite countries are only for nonwhites. Go home gringo.
white countries, on the other hand, belong to everybody.
I had some liberal idiot tell me straightfaced that the UAE has no obligation to give political power or decision say to the MAJORITY of their country that is now Indians (in Dubai especially), because well, it's a dictatorship and it's the emiratis' dictatorship.
WTF? But the US or Holland has NO RIGHT YOU FKIN RACIST to say that ANYONE from ANYWHERE else should have to do things THEIR way or that they should be able to establish a government that doesn't have more-than-equal participation by minorities.
South Africa was evil...Israel is pure.
pick 2. You won't have the 3rd.
Oh but wait, I'm not allowed to say that; we can't have nice things because brown colored young males are criminally inclined and violent. And the "no snitch" policy in these neighborhoods makes it IMPOSSIBLE to police them.
So the cops will go gestapo and start IDing people....papers please. but AT NO POINT can we have ANY kind of REALISTIC conversation about who it IS that commits crimes. We must DESTROY OUR SOCIETY in order to refrain from speaking any kind of truth.
every single law school student learns that the 14th Amendment applied the BoR to the States.
mcDonald v chicago applied the 2nd to the States, 561 US 3025
this still won't stop the gov't from trying to weasel out
have you maybe looked at the overlap between crime and Obama's staunchest supporters, on a county-by-county basis!??!
I mean am I the ONLY ONE who notices the gd'd elephant taking a dump in the room?
couple problems here:
1, you're correct; there are lots of jooz out there who are not being helped. They may still band together with others like them (tribalism is something anglos apparently dislike so they will just pretend it out of existence or something) but they really have no real power
2, they are also correct; those at the top are in some cases almost entirely jooz. Their fingerprints are all over it.
So we must reconcile this. One of my acquaintances says i should stop b!tching because my people won't band together like his do. The propaganda from the VERY GROUP that is MOST ethnocentric is "don't be ethnocentric, mix with the mud people."
the question is how to make an omelette without breaking too many eggs
wrong. The New Testament is NOTHING whatsoever like this.
Another projection from the tribe.
and what did Anglos do since?
Instituted human rights. Invented modern medicine, electric power, lifted more people up from a hardscrabble life and gave more to more people than your parasitic clan could ever DREAM of. Truly, the european male is PROMETHEUS. From Greece to Rome to France to Britain to the USA. WTF has ANYONE ELSE done that can REMOTELY compare in terms of bettering the human condition?
All you apologists can do is compare behavior NOW to stuff someone did 1000 years ago.
Anglosaxons evolved; it's time for you to.
uh, no he won't.
oh wait that strawberry blonde with the big t!ts and tan lines ad is back
yes, all of them scrammed
that did not stop a meltdown. Everything I told you about what was going on proved true, including the real danger NOT being the reactors, but being the SFPs. I was the FIRST to say anything of the sort; even Arnie Gunderson didn't make that realization until days later.
no, dumfuk, they are responsible for high crime rates and low school performance averages.
Titan and Pluto are interesting, tho...
We should be thankful we have burned all these hydrocarbons, otherwise we'd probably be in the midst of an ice age
Flak, GTFO...W won the election. Every single count had him in front. SCOTUS just put an end to the "we'll count until I win" that CarbonMan wanted.
Interestingly, Gore has done "well" off of all of this.
this is a dumb@ss article. The banks who lent the money to buy houses and collected 30 yrs of vig were ALREADY the owners.
And most of the houses are not in SLUMS.
they are going to shove that diversity right up your @ss.
The upside is that most of you will finally wake the fk up when it smacks you right in your face and robs your cellphone. My advice is to learn to burn selective houses down. Can't live where doesn't exist.
The demoncraps don't want the America of 1950...they want an america where they have an unassailable voting bloc of somalis, hatians, mexicans, etc. They drool over when the formerly typical American is a minority. Detroit = permanent political power.
how dare you question orthodox dogma!!!! whitey raped black women, dammit. And chased down and enslaved hundreds to put on ships. Then whipped and beat and raped every single day like psychopaths.
I actually met a black girl who was raped by a white man; this was almost literally the only occurrence of this sort of thing in the past god knows how many years. The opposite is a 30,000-a-year crime epidemic.
I can answer this:
because you're a b!tch, loser.
You refuse to acknowledge the elephant and you call me names for pointing it out.
That makes you a little nanny trying to get me to conform to an orthodoxy on this subject. I have no animosity toward the people you claim I do; I merely point out facts.
It won't work. You can't shut me up and the truth doesn't need your consent to exist. I don't care how uncomfortable facts make you. Any of you. I know you'd really LIKE IT A LOT if the whole "we're all equal" meme were true. That's the thing tho, it's NOT. And most of you have IMMENSE trouble accepting that. So how do you expect me to take you seriously if you come onto ZH and talk about being a "freethinker" and taking the red pill and all of this BS when you can't divorce yourselves of this massive denial?
When confronted, you punt. You always do, akock.
The biggest irony on ZH is how you people REFUSE to accept that what you think you know about race is actually CONDITIONING.
You seem to believe you've been LIED TO about EVERYTHING except that.
Go figure. Go and look up who runs the NAACP and SPLC, along with media and finance. Oh but they told you the truth about race, right? The marxists who pushed for multicult...it's really actually TRUTH they peddled to you on this subject while lying everywhere else.
54% of the homicides say they were lying even bigger about that, bud.
But, I'm a "racist." I don't think anyone even knows wtf that means anymore.
the conditioning you have against acknowledging reality is so incredibly strong, it consistently amazes me.
Why do you suppose that is? Is it because you're too frightened of the consequences?
I mean the REST of the "american dream" message is all total BS, red pill time, right? You "get it." You people will believe 911 was an "inside job" but the SPLC and the multicult marxists have been telling you the TRUTH for your own good about race for 100 years, you know, to stop you from being an evil nazi. Because lord knows you can't discern for yourself or use common sense.
When the dude who discovered DNA is saying something, you oughta listen.
more refusal to see....it's amazing. They manipulate the message so well that you cannot bring yourself to even speak about race.
You acknowledge that they're trying to condition you on finance, morality, the role of government, etc. That they're shoving lies at you nonstop on everything...but on this, they tell the truth?
There is something "aberrant" about a tiny minority being a massive majority in particular positions of power. But, nope, let's pretend it's not there and buy the world a coke. Wouldn't want to be a "racist."
And.yet.you.are.still.faced. with a Fed board that is 90% composed of them.
You have nearly every significant congressional chairmanship held. Dominance of media and finance.
Gross disproportionality in representation...anecdotes from people who've worked in those professions about how they get in and work to purge gentiles from the rosters and promote their own.
I mean, how do you reconcile this? SHRUG?
Fact 1 needed to be that multiculturalism is plunging them headlong into the collapse.
Their experience was like California's getting 10M new residents and 7M new medicaid recipients and 150k new taxpayers.
Europe destroyed itself listening to BS from zionists who practice outright apartheid.
if the US is going to go majority brown in 2045 or whatever, then no, our future is most certainly not particularly bright.
We will turn into a clone of mexico where stuff plain doesn't WORK like Switzerland.
It's amazing how the more people you get from there, the more here starts to look like there. It's almost as if behaviors are biological and not the marxist "nurture" theory. Maybe culture comes from people instead of from fairies.
nah, gold has nothing backing it.
this is what i saw on the media and they speak truth
England...LOL. Did you, um, see their Olympics opening ceremony? They pushed multicult.
They let muslims have their own laws to be sensitive. They sanction barbarism in the name of not being called racist. The british committed national suicide. Wth do you expect from importing tons of africans? Did you REALLY THINK they were going to magically turn into norweigians with a tan? GTFO here.
why bring up a red herring like this? crazy people murders are a statistical aberration.
guns don't kill people, minorities do. Here, the UK, Africa, S. America. Brown colored young males do it most frequently. In the US, 85%+ of homicides are committed by brown colored young males.
Most of our murders come from just a dozen cities. In some of those cities, the death rate is higher than some war zones. And in diverse cities, brown colored young males effectively commit 100% of the shootings and other violent crimes.
Something must be done about this...but nobody will point out the obvious. I mean, as Piers Morcunt points out, "are you noticing a pattern?" The patterns of violent crime are bitchslap you upside the head obvious.
huh? Black kids shot up schools; that's why all the all black schools have fucking armed security guards and metal detectors and are surrounded by razor wire. Urban black schools resemble more prisons than learning institutions.
WTF nonsense are you talking about? You're basing your "opinion" on the intensity of news coverage!
That'd be like flipping a coin and SHOUTING when it's heads and saying nothing when it's tails.
Bet you didn't know a black man shot up a mall in WI in October, did you? Bet NOBODY here did.
Why didn't you idiots know this? It wasn't HAMMERED with news coverage. It was in the 1984 sense decided that this wasn't going to be part of the narrative. He killed more people than the Oregon shooter, who also upon further review was a little too "George Zimmerman" to fit the narrative.
I hear blacks speak frequently about how white people are dangerous and crazy and "you're the ones who snap and shoot places up." This isn't statistically true not in a disproportionate sense, but the coverage intensity for white crimes is phenomenally higher. This is because the media is in the business of shaping opinion and perception, NOT reporting fact.
why do you cite FOURTEEN murders out of 100,000?!?!
WTF is the matter with you people?
you obviously seem to be focused on GUN violence, and have nothing to say about all other forms.
Ask the UK about how the gun ban is working.
Why the fuck should ANYONE care about GUN violence?
secession or war in the US is inevitable.
The sides are too far apart.
one side wants diversity and gun bans and nanny state and the other wants to go nearly the opposite direction. There's no common ground.
SEIU: Gibs me dat
Not clear here how "giving" this money to "foreclosure prevention" is going to help a problem caused by not earning enough to freaking afford what you borrowed to buy
Gold ain't an investment, it's stuff u can walk the fk out of the country with. Dollar is being repriced closer to intrinsic.
I mean, gd, has anyone looked at the US's balance sheet lately? We got toxic sludge stripmall CMBS's as assets on our CB's balance sheet. At par.
yeah, dollar denominated debt is safe when the US is running annual $1T deficits. This is absurd nonsense.
secondly, the DXY is a beauty contest between currencies, not as compared to real assets. DXY can go to 200 and gold still hit 3000.
Look, think the scenario through...what does deflation due to debtors? It crushes them. Who is the largest debtor? The US, Japan, and the UK. This is the same duhnoshit argument that got me banned from tickerforum years ago. If the US defaults, the dollar goes to zero.
There is no scenario in which the paper of a bankrupt state is "safe." In fact, it gets less safe in case of deflation. The US has no choice but to devalue, same as we did in 1933! We *cannot* repay our debts, it's as simple as that.
Anyone who thinks the US is not a risk needs to have their head examined.
Gold is in supply decline...peak production was achieved in 2000. This is well-published data, though apparently little-known by the self-proclaimed brilliant deflationists.
If the US had a solvent balance sheet, we could tolerate deflation. Last I checked we were $12T in the hole give or take depending upon the true state of the Fed's balance sheet marks.
Deflation means falling incomes and falling revenues and falling everything...how in the hell could the gov pay the INTEREST on this debt, which is now the 4th or 3rd largest budget line item (and rising) in the event of significant deflation? Already we are looking at receipts covering only 1/3 to 1/2 of outlays and this picture shows no signs of other than continuing deterioration against a bleak fiscal picture in terms of entitlements and war spending (health care anyone?).
Deflation is a fast-track to sovereign default.
Years ago, I predicted Japan would default in 2009; looks like I may be off by a year or two, but somebody is going down. The debt loads are untenable. You show me how this comes out rosy for the dollar if deflation caused receipts to fall below interest outlays.
China is as big a dependent upon the debt bubble as anyone.
They have empty factories, empty cities, wind turbines not connected to grids, all artifacts for a future of consumption that CANNOT exist.
There is so much surplus capacity in China, oil production would have to double just to satisfy it. Their answer to everything is to build MORE capacity and then call that GDP growth. I've got a question for them...where the fuck do they think the demand for all this capacity is going to come from? It only exists now because of debts which cannot in any way be repaid.
The world built for a 120mbpd future on a 87mbpd budget
Simple to analogize...stand facing a gale-force wind and start pissing. Outcome does not change if you just piss harder.
It ain't taxpayer money anyhow...nobody is ever repaying this. We're on a heroin addict financial trajectory here. You get behind to the loan shark, either you die or he does and the debt is extinguished.
Unions were great when they forced disgorgement of company profits to workers instead of what they are now, part of the interlocking executive directorate. Same private schools, same golf clubs, same political/class circle.
What we NEED is the ownership of companies, namely the pensions and mooch funds to start FORCING payment of dividends and we need more aggressive capgains taxes and relaxed divvy taxes to support this. No more profits to stock buybacks to support the freakin execs' options strikes and no more megabonuses for share price PONZIS. I mean, every fkin company is Worldcom now. Mgmt just games the sheets for as many quarters as they can then the share price collapses and they still get paid plus keep ALL the bonuses they got and oh sh!t they managed to bail on the stock right before the crash. After 10 years, the OWNERS get sh!t on.
The notion that capgains are reward for ownership is bullsh!t. Because those gains have time and time again proven to be completely bogus and known to evaporate implosively. Who here owns a business and pays your managers all of the freaking profits!??!!?
But...but...I thought deflation and the priceless strong dollar were gonna happen? Don't tell Doucheinger and Mish lol
Artificial shortage on oil? with tankers? on 85mbdp consumption? ROTFL...you'd need 40 VLCCs per day
Agreed...he banned all the people who "foresaw" it.
Just wait, the notes of a BK nation are going to be priceless...PROMISE YOU
His forum is a cult of people who exist to kiss his ass. Dude has been wrong wrong wrong about all the measures the Fed would pull.
The problem with Mish and KD is they actually expect these people they DAILY call crooks and frauds and liars to follow the RULEZ. It's a very childish naivete, really.
The endgame in case of deflation would be very swift. The decline in tax receipts would very rapidly crush the government. They couldn't even pay the INTEREST on existing debt. Everybody who can add can do this math and knows the outcome.