Sep 202019
 
 September 20, 2019  Posted by at 9:05 am Finance Tagged with: , , , , , , , , , , ,


Marc Chagall The Feast of the Tabernacles 1916

 

Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day
OECD Slashes Global Growth Outlook, Warns Germany Already In Recession (ZH)
Lagarde Urges Policymakers To Resolve Manmade Economic Threats (AFP)
How the Houthis Overturned The Chessboard (Escobar)
The Crisis Over The Attack On Saudi Oil Infrastructure Is Over (MoA)
Gantz Refuses To Meet With Netanyahu, Wants Unity Govt Without Him (RT)
Ryanair Awards $111 Million Bonus To CEO, Lays Off Up To 700 Pilots (R.)
Biodiversity Touches Every Aspect Of Our Lives (G.)
US and Canada Lose 3 Billion Birds Since 1970 (BBC)
Operation Amazon Redux (Dias)
What If This is as Good as It Gets? (Tritschler)

 

 

Famous last words: “If managed properly, they shouldn’t pose undue risks to the financial system.”

Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day

The volume of over-the-counter (OTC) interest rate derivatives traded globally soared by 141% in three years to $6.5 trillion per day in April 2019, according to the Bank for International Settlements’ new Triennial Survey of Global Derivatives Markets. In the prior survey period, April 2016, $2.7 trillion per day in trades were executed. Since 2001, the magnitude of trading volume has multiplied by a factor of 13, from $490 billion per day to $6.5 trillion per day, with a gigantic spike over the past three years: OTC derivatives are securities that are generally traded through a dealer network rather than on a centralized exchange such as the London Stock Exchange or the New York Stock Exchange.

Some derivatives can be explosive, such as the credit default swaps (CDS) that brought Lehman Brothers and AIG to their knees in the last crisis, and which still remain a threat today, especially with the U.S. government this week bowing to Wall Street pressure to dilute regulation that had been designed after the crisis to reduce the risks of these instruments. Interest rate derivatives, whose value rises and falls depending on the movement of interest rates, or sets of interest rates, tend to be more straightforward. They are often used as hedges by institutional and retail investors, banks and companies to protect themselves against changes in market interest rates. If managed properly, they shouldn’t pose undue risks to the financial system. The BIS attributed much of this 141% three-year surge in trading of these instruments to increased hedging and positioning “amid shifting prospects for growth and monetary policy.”

Read more …

The “growth is good” idea won’t die unless it’s murdered.

OECD Slashes Global Growth Outlook, Warns Germany Already In Recession (ZH)

In one of the most downbeat forecasts on the global economy that we’ve seen so far this year, the Paris-based organization of wealthy nations known as the OECD – the Organization for Economic Cooperation and Development – warned that the global economy is heading toward a recession, and that governments aren’t doing enough in terms of fiscal stimulus to try and boost the economy. “Escalating trade policy tensions are taking an increasing toll on confidence and investment, adding to policy uncertainty, weighing on risk sentiment in financial markets, and endangering future growth prospects,” the OECD said. The advocacy for fiscal stimulus follows reports that Germany is considering a “shadow budget” to bolster public investment as Europe’s economy slides.


“Our fear is that we are entering an era where growth is stuck at a very low level,” said OECD Chief Economist Laurence Boone said. “Governments should absolutely take advantage of low rates to invest in the future now so that this sluggish growth doesn’t become the new normal.” After cutting all of its forecasts from four months ago, the OECD now sees global growth slipping below 3% to 2.9%.

Of course, this pattern of cutting GDP forecasts is nothing new. The OECD became the latest to warn about the global economy, after the Fed, the ECB and the PBOC have all eased policy to try and bolster growth in recent weeks. But the OECD is convinced that without government stimulus, the global economy is headed for a protracted downturn.

Read more …

“In perfect English and always engaging and crisply professional..”

Lagarde Urges Policymakers To Resolve Manmade Economic Threats (AFP)

Accustomed to being the first woman in influential leadership positions and speaking frankly to men in power, Christine Lagarde says manmade threats to the global economy can be “man-fixed.” Lagarde only last week left her post as head of the International Monetary Fund after eight years, the first woman to serve in that role, and she is expected to put another “first” on her resume by the end of the year: first woman to serve as president of the European Central Bank.She sees a world economy where growth is “fragile” and “under threat” from trade frictions and Brexit, and perhaps an over-reliance on the efforts of central banks like the ECB.


But while she tried to urge action during her time at the IMF — she took over in 2011 in the aftermath of the global financial crisis — she said a central bank should “stick to its mandate,” which perhaps is a clue to how she will run the ECB. Or perhaps not. She carefully avoided a commitment about how she would use her influence in the new post. In perfect English and always engaging and crisply professional, Lagarde sat down with AFP on Thursday to review her legacy at the Washington-based crisis lender, where she arrived after being the first woman finance minister of France. In bare numbers, her record is impressive: the IMF helped to avoid a global depression, 90 countries – nearly half of its members – benefitted from some form of lending or credit line during the crisis, and the lending capacity was doubled to $1 trillion.

Read more …

They showed how vulnerable the Kingdom is. That’s all it took.

How the Houthis Overturned The Chessboard (Escobar)

[..] it’s always important to consider that Arab Shiites in the Eastern province – working in Saudi oil installations – have got to be natural allies of the Houthis fighting against Riyadh. Houthi striking capability – from drone swarms to ballistic missile attacks – has been improving remarkably for the past year or so. It’s not by accident that the UAE saw which way the geopolitical and geoeconomic winds were blowing: Abu Dhabi withdrew from Crown Prince Mohammad bin Salman’s vicious war against Yemen and now is engaged in what it describes as a “peace-first” strategy. Even before Abqaiq, the Houthis had already engineered quite a few attacks against Saudi oil installations as well as Dubai and Abu Dhabi airports.

In early July, Yemen’s Operations Command Center staged an exhibition in full regalia in Sana’a featuring their whole range of ballistic and winged missiles and drones. The situation has now reached a point where there’s plenty of chatter across the Persian Gulf about a spectacular scenario: the Houthis investing in a mad dash across the Arabian desert to capture Mecca and Medina in conjunction with a mass Shiite uprising in the Eastern oil belt. That’s not far-fetched anymore. Stranger things have happened in the Middle East. After all, the Saudis can’t even win a bar brawl – that’s why they rely on mercenaries.

The US intel refrain that the Houthis are incapable of such a sophisticated attack betrays the worst strands of orientalism and white man’s burden/superiority complex. The only missile parts shown by the Saudis so far come from a Yemeni Quds 1 cruise missile. According to Brigadier General Yahya Saree, spokesman for the Sana’a-based Yemeni Armed Forces, “the Quds system proved its great ability to hit its targets and to bypass enemy interceptor systems.”

Read more …

We Now Wait For the Next One.

The Crisis Over The Attack On Saudi Oil Infrastructure Is Over (MoA)

The crisis about the Yemeni drone and cruise missile attack on two Saudi oil installations is for now over. The Saudis and the U.S. accuse Iran of being behind the “act of war” as Secretary of State Pompeo called it. The Saudis have bombed Yemen with U.S. made bombs since 2015. One wonders how Pompeo is calling that. The Yemeni forces aligned with the Houthi Ansarallah do not deny that their drones and cruise missiles are copies of Iranian designs. But they insist that they are built in Yemen and fired from there. President Trump will not launch a military attack against Iran. Neither will the Saudis or anyone else. Iran has deterred them by explaining that any attack on Iran will be responded to by waging all out war against the U.S. and its ‘allies’ around the Persian Gulf.

Trump sent Pompeo to Saudi Arabia to hold hands with the Saudi gangster family who call themselves royals. Pompeo of course tried to sell them more weapons. On his flight back he had an uncharacteristically dovish Q & A with reporters. Pompeo said: “I was here in an act of diplomacy. While the foreign minister of Iran is threatening all-out war and to fight to the last American, we’re here to build out a coalition aimed at achieving peace and a peaceful resolution to this. That’s my mission set, what President Trump certainly wants me to work to achieve, and I hope that the Islamic Republic of Iran sees it the same way. There’s no evidence of that from his statement, but I hope that that’s the case.”

The crisis is over and we are back to waiting for the next round. A few days or weeks from now we will see another round of attacks on oil assets on the western side of the Persian Gulf. Iran, with the help of its friends, can play this game again and again and it will do so until the U.S. gives up and lifts the sanctions against that country. The Houthi will continue to attack the Saudis until they end their war on Yemen and pay reparations.

Read more …

That was his election pledge.

Gantz Refuses To Meet With Netanyahu, Wants Unity Govt Without Him (RT)

Benny Gantz, whose centrist bloc narrowly defeated Benjamin Netanyahu’s Likud party in a snap election, says he is forming a government that will exclude the current prime minister – signaling the end of Bibi’s era may be near. The ex-IDF chief said on Thursday that he would not accept Netanyahu’s offer to discuss a unity government, keeping good on his campaign pledge to create a ruling coalition that does not include Bibi. “I am interested and intend to form a broad and liberal unity government led by me,” he wrote in a tweet.


Speaking with reports, Gantz stressed that his Blue and White alliance “will listen to everyone, but we will not accept mandates imposed on us” – an apparent swipe at Netanyahu’s insistence that the pair should meet. Blue and White won 33 seats in the Knesset in Tuesday’s snap election, while Likud only secured 31. Gantz said that the results pave the way for him to become prime minister, assuming that a coalition, minus Bibi, can be formed. If Gantz fails to secure 61 seats in the Knesset, Israel’s political deadlock could continue, forcing the third election this year.

Read more …

Blind. Completely blind.

Ryanair Awards $111 Million Bonus To CEO, Lays Off Up To 700 Pilots (R.)

Ryanair’s Chief Executive Michael O’Leary narrowly secured approval from shareholders on Thursday for a bonus scheme that could earn him 100 million euros over five years as he revealed up to 700 pilots could lose their jobs. The Irish low-cost carrier, Europe’s largest, has been battered by industrial disputes and the grounding of Boeing’s flagship 737 MAX. Having suffered from a shortage of pilots just a couple of years ago, O’Leary told investors there are now too many. He forecast the company would cut between 500 and 700 pilots as a sharp decrease in demand has seen the natural attrition rate collapse. To earn his 100 million euro bonus, O’Leary would need to reverse a near-50% fall in the company’s share price since 2017.


The share price hit a peak of 19.39 euros in August 2017 but was down 1.8 percent at 9.76 euros at 1330 GMT on Thursday. O’Leary secured the backing of 50.5% of shareholders for the scheme which will grant him 10 million share options if he doubles Ryanair’s profitability to 2 billion euros per annum and/or increase the share price to 21 euros per share. The size of the award “raises a red flag in terms of quantum and for our members,” said Jocelyn Brown of the UK Railway pension scheme, which voted against the deal. O’Leary said he was disappointed by the level of support and said he would take on investor concerns.

Read more …

Got to say I’m skeptical about the Climate Strikes today. What have all these people given up? What have they pledged to no longer do?

Biodiversity Touches Every Aspect Of Our Lives (G.)

In addition to playing a critical role in providing food, fibre, water, energy, medicines and other genetic materials, biodiversity is equally important in regulating climate, water quality, pollution, pollination, flooding and storm surges. It has vital social value, providing wellbeing when walking through forests or by rivers, or green spaces in cities. Since 1970, human activities have destroyed and degraded forests, grasslands, wetlands and other ecosystems and significantly altered 75% of the ice-free land surface. Most oceans are polluted with plastics, and over 85% of wetland area has been lost. This destruction of ecosystems has led to a million species (500,000 animals and plants and 500,000 insects) being threatened with extinction, although many are preventable if we improve our management of biodiversity.

The largest driver of biodiversity loss on land in recent decades has been land use change, primarily the conversion of pristine native habitats into agricultural systems to feed the world, while oceans are over-fished . This has been driven in large part by a doubling of the world’s population, a fourfold increase in the global economy, and a tenfold increase in trade. The challenge is to transform our agricultural and fishing practices, many of which are unsustainable today, into ones that produce the food we need while conserving biodiversity. For agriculture, this means using sustainable agroecological practices; less chemicals, fertilisers and pesticides; and protecting soils and pollinators.

The climate crisis and the loss of biodiversity are issues that affect each other. Global heating adversely affects genetic variability, species richness and ecosystems. Loss of biodiversity can adversely affect climate – deforestation increases the atmospheric abundance of carbon dioxide for example, a greenhouse gas. So it is essential that the issues of biodiversity loss and the climate crisis are addressed together.

Read more …

The biggest threat to birds in Java is people who love them. In the west it’s Monsanto.

US and Canada Lose 3 Billion Birds Since 1970 (BBC)

Bird populations in Asia and the US are “in crisis”, according to two major studies. The first concludes there are three billion fewer birds in the US and Canada today compared to 1970 – a loss of 29% of North America’s birds. The second outlines a tipping point in “the Asian songbird crisis”: on the island of Java, Indonesia, more birds may now live in cages than in the wild. Scientists hope the findings will serve as a wake-up call. The two studies are published in the journals Science and Biological Conservation. The North America study revealed how many birds were being lost across every type of habitat – from grasslands to coasts to deserts.

While it did not directly assess what was driving this, the scientists concluded that, among multiple causes, the major factor was habitat loss driven by human activity. This study, explained lead researcher Dr Ken Rosenberg from the Cornell lab of Ornithology and the American Bird Conservancy, was the first to “run the numbers” on bird populations. “We knew some species were declining,” he told BBC News, “but we thought that, while rare birds were disappearing, the more generalist birds – and those better adapted to human landscapes – would be filling in the gaps.” [..] the situation in Asia, as the other study has shown, is a particularly striking case of a human-driven extinction crisis.

The buying and selling of songbirds – many of which are caught from the wild – is huge business in parts of Asia, particularly on the island of Java in Indonesia. Around 75 million birds are kept as pets on Java. Many are sought after for bird singing competitions – often referred to as “Kicau-mania”. At these events, caged birds’ songs are judged on melody, duration and volume. Top prizes for the best singers can earn owners as much as £40,000 in the biggest contests. This culture, however, drives the capture of birds from the wild to satisfy demand. And that, researchers say, threatens the survival of numerous species. “The trade is estimated to be worth tens of millions of dollars to the Indonesian economy, so it is no surprise that it is a key regional source of both supply and demand for songbirds..

Read more …

Murder she wrote.

Operation Amazon Redux (Dias)

BRAZILIAN PRESIDENT JAIR Bolsonaro is planning to push industrialization and development in the interior of the country’s Amazon basin. It is far from a new project. For more than a century, a series of Brazilian governments have sought to move into the country’s interior, developing — or, to be more precise, colonizing — the Amazon. From the populist president-turned-dictator who made one of the early industrial pushes into the forest in the 1930s to the military dictatorship that ruled the country for two decades from 1964 until 1985, the justifications have largely been the same — economic gain and geopolitical paranoia — as were the often poor results.

Take the dictatorship’s push. Known as Operation Amazon, the colonization plan hatched during the military government envisioned integrating the territory into Brazil through building roads and developing agricultural and corporate enterprises — all accomplished by settling people from the south, southeast, and northeast of the country and the coasts in the forest. As for the aim, the dictatorship’s motto for the project spoke volumes: “Occupy to avoid surrender.” The military government argued that a thinly populated Amazon might create avenues for foreign powers to invade Brazilian territory. “One aspect of the doctrine said that Brazil could not leave any empty space, because it could threaten national security,” said João Roberto Martins Filho, a professor at the Federal University of São Carlos who has spent decades researching the dictatorship.

“The idea was that it was necessary to channel activity into regions with smaller population density, and this became a state policy.” Like all the other so-called development pushes into the Amazon, the results were catastrophic — for the forest itself, but especially for the communities who already lived amid it. One highway, for instance, was designed to travel from the city of Manaus, on the Amazon River, to nearly the northern edge of the basin. “The highway is irreversible, for the integration of the Amazon into the country,” the army’s Col. João Tarcísio Cartaxo Arruda, who led the construction battalion, said in 1975, according to a document made available by the National Truth Commission.

“This road is important and must be constructed, whatever the cost. We will not change its layout, and the only burden for our battalions will be to pacify the Indians.” That pacification came through so-called demonstrations of force — using machine guns, grenades, and dynamite — against the Waimiri-Atroari tribe. In these moves and others like it, thousands of Indigenous people were massacred. In 1972, the Waimiri-Atroari had a population of 3,000; by 1983, their number was reduced to 350. The National Truth Commission estimates that at least 8,350 Indigenous people were killed by the military government.

Read more …

The beauty of aging and death. Perhaps that only exists for those who leave behind a better world then they were born in.

Paraphrased: a society is doing well when old men plant trees whose shadow they know they will never sit in.

What If This is as Good as It Gets? (Tritschler)

Whilst humans developed a limited life span and an acute awareness of that fact, the Turritopsis dohrnii, though it is in no way self-aware, developed the ability to reverse its ontogeny, to turn back its life cycle in times of threat – be it environmental or simply the threat of old age. Many might begrudge the fact this ability had been bestowed on a bobbing blob of mindless jelly. Indeed, a variety of life forms are envied for their selective advantages – speed, strength, flight, longevity, regeneration, and perhaps also that living-in-the-moment quality associated with blissful ignorance: lacking awareness of their mortality, animal kingdom dwellers are unperturbed by advancing years, and live their lives to the last breath in simple pursuit of food, play and romance.

Consciousness of selfhood, of our place in the universe, and of our relationship with all living things, comes at a cost: the certainty of our demise and, what is often worse, the demise of others. This uniquely human grasp of the inevitability of death, and of the fact it can occur without warning, embodies the potential for immense psychological distress – we share with all animals, after all, the drive for self-preservation – but it also carries the potential for a richly meaningful and purposeful life, and research appears to support this.

A growing body of experimental evidence derived from Terror Management Theory, an approach that emerged from within existential social psychology, suggests increased awareness of mortality leads, correspondingly, to increased investment in those resources that provide meaning – social and cultural structures such as family, community and social identities – and that this in turn reduces the fear of death. But if pondering death can bring a sense of purpose, of meaning, and perhaps a degree of happiness to one’s life, might pondering the issues of age do the same?

Read more …

 

 

 

 

 

Home Forums Debt Rattle September 20 2019

This topic contains 17 replies, has 7 voices, and was last updated by  boscohorowitz 3 weeks, 5 days ago.

Viewing 18 posts - 1 through 18 (of 18 total)
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  • #49980

    Marc Chagall The Feast of the Tabernacles 1916   • Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day • OECD Slashes Global Growth O
    [See the full post at: Debt Rattle September 20 2019]

    #49981

    V. Arnold
    Participant

    Interesting choice of art today; The Feast of the Tabernacles , Marc Chagall.
    The painting? Wonderful. The feast? I’m not sure…

    #49982

    Life was a tad less complicated 100 years ago, VA, is what the painting tells me. And Chagall’s an undisputed master at depicting it.

    #49983

    V. Arnold
    Participant

    Life was a tad less complicated 100 years ago, VA, is what the painting tells me.

    Yes, I’m old enough to remember that is true…

    #49984

    ezlxa1949
    Participant

    Let’s see… Ryanair have 4,200 pilots. So if O’Leary sacks 700 of them and gets €100 million bonus, then if he sacks all of them, his bonus should be €600 million. That’s how it works, isn’t it? The more employees eliminated, the greater the CEO bonus? Or is there a flaw in my logic? Surely not.

    Hey, why not get rid of ALL flight crew? If drones can traverse thousands of kilometres of inhospitable Saudi terrain and land with pin-point precision upon tiny, spherical, apparently empty gas tanks, then why can’t Ryanair fly their SLC (self-loading cargo = passengers) in drones too, travelling from great big well-located airports to other great big, well-located airports? Who needs human employees? For that matter, who needs human passengers?

    Golly gosh, what a brave new world has just opened up! Robots serving robots for robotic ends! I can hardly wait to enter it!

    #49985

    zerosum
    Participant

    In case you missed it
    A few word can encapsulate ….. what is really important ….. especially for the special knowledgeable readers of TAE who can fill in the blanks with their knowledge and imagination and come up with a realistic, possible, probable outcome.

    from yesterday’s comment.

    VietnamVet

    The 737 Max, Purdue Pharma and Houthis revenge attack show that the Emperor has no clothes. Indeed, in fact, with the UK self-destructing, there is no Empire. Israel and Saudi Arabia must learn to live with their neighbors or they will vanish in the convulsions of the end of civilization that they initiated. Likewise, to survive climate change, the USA must convert the wealth that it spends on warfare to protecting mankind and the environment; if not, it will cease to exist.

    #49986

    Dr. D
    Participant

    Edging Closer to a Brexit Deal (Might Even Be a Fair One)

    What Happened?
    1. The EU now realizes Boris Johnson really wants a deal. Johnson may have been forced into that position by Parliament but that is the state of affairs.
    2. Boris Johnson, DUP, and Ireland are coming to terms on how to remove the backstop.
    3. The EU realizes the losses will not most be on the UK. Germany is outright scared as I stated from the beginning.
    4. The EU understands the Liberal Democrats will not win the election.
    5. The EU realizes that Boris Johnson is likely to win an election and the result will be No Deal unless it happens now.
    6. Labour’s position of promising a referendum with a pledge to campaign against it makes no sense to the EU (or any reasonable person).
    etc
    https://moneymaven.io/mishtalk/economics/edging-closer-to-a-brexit-deal-might-even-be-a-fair-one-6HRkSQ66K0-mAzwSrJZUJw/

    But I thought we HAD to surrender to any one, any time, any where! No one on this small blue planet could figure out how to review shipping from France except using 48 hours, in-lane in the middle of the Chunnel. Ireland had to be ceded to Europe just to get a coffee-klatch.

    Well how about that. It was all made up to create totally fake political hay after all. Politicians were lying! We can solve it if we want to.

    “Interest Rate Derivatives Trading Explodes to $6.5 Trillion/Day”

    And interest rates AND oil prices are in-the-money. When you hear derivatives think: “Unbacked insurance payouts.” Hey, if you don’t need reserves to write insurance policies anymore, why do we even HAVE an insurance industry? Just let Nigel’s Chip Shop write your $1 Quadrillion side-bets on oil-n-stuff. Oh wait: because they’ll go bankrupt, not pay, and take down the entire economy, because if you don’t have reserves it is selling NOT INSURANCE, it’s selling LIES. THAT’S why insurance was a very-highly-regulated industry for 200 years. I forgot.

    But if you’re TRYING to take down the entire economy and thereby replace all the present economy’s lord-and-masters and replace them with non-bloodthirsty non-maniacs, then yes, you WANT the Greenspan’s tower-of-infinite-derivatives and the more the merrier.

    “But while [Legarde] tried to urge action during her time at the IMF”

    Hardee har har. I’m sorry, but was she in control of that organization at the time? And did that organization reform not even a tiny bit? And so she, according to herself, is therefore a complete white-hot failure at her own moral standards and agenda? Yeah. Or rather, a complete, white-hot liar, as you must be to get inside the door of the IMF, the International Mafia Extortion Force.
    But the article is breathless about her one success: she is indeed a woman. But Legarde isn’t responsible for this, her only win – her father is. But wait? I thought there weren’t genders anymore? Or if there are, it doesn’t matter which one? Except when it does, but it doesn’t, but it does a lot, except it doesn’t. Roger-dodger AFP, loud and clear.

    Science!

    “How the Houthis Overturned the Chessboard (Escobar)”

    This is very interesting, and I expect totally true. As I’ve said, there sure are a lot of coal-fired dreadnaughts in U.S carrier fleets worldwide, and they might want to turn them back to port and melt them into coffee cans while they still can. However, there sure are a lot of lies surrounding this attack everyone on earth wanted except Iran. I wouldn’t give a nickel anything happened the way they claim. Most probably Yemen did smuggle in the attack and Saudi shut off every air defense to make sure it hit good and hard, because their claim is NOT EVEN ONE anti-missile fired. So “Go United States”? We’re #1??? And the damage was repaired by Friday because there was nothing flammable on the whole site. Of a refinery. Where they hit the natural gas tanks. Uh-huh.

    Let’s go a different direction though: kind of cripples the gun-control argument in the U.S., doesn’t it? If there are 500 better ways to make mischief than the AR, which are the cause of virtually no deaths. There is essentially a mass shooting in Baltimore and Chicago every weekend of the year under a near-total gun ban, and 99% of those crimes are with (stolen) handguns, with only 10% of those even prosecuted. Fighting the AR is like making your public health initiative against lightning strikes: laughable on its face, and trying it only makes you look stupid and dishonest. But think about that when any $100 drone flown by anyone in Ferguson can make quite a hazard to any police station if they want to. …But they always could, really.

    …Conclusion: they don’t want to, because apart from our political leaders, most people are good. Don’t make them all criminals; you won’t like what happens next.

    “Biodiversity Touches Every Aspect of Our Lives (G.)”

    I agree! What The Guardian needs to do is burn down their King’s Cross headquarters and plant a good British hedgerow. Green Spaces! We’ll start fixing this today!

    Oh wait: you want those OTHER people in Flint and Detroit and Blackpool to lose THEIR homes instead, turn back into forests and live homeless in a tent? Yeah, I know. I watch what you do to them every day, as well as what you say.

    Dias of The Intercept can do the same thing. Perhaps he’d like to de-colonize Wales and return the people to their “native” environment of Welshmen, the smoky “tyddyn” or “Longhouse” occupied by both men and cattle. Oh wait, the people of the Brazil WANT farms and fields and air conditioning and cars? So are they colonizing themselves here, or what? When I mow my own lawn am I “colonizing” my own family? How oppressive of me.

    To be fair, I am just highlighting how pejorative the framing is, but it is indeed very complicated, with people and perspectives pushing and pulling on every possible side. It is therefore not fair to claim the conservators and nativists have rights, but the progressors and modernists do not. Nor are all progressors from Rio and all nativists from the Amazon — indeed Dias shows that far MORE ‘nativists’ are from London and other large cities than you may find in Montana or Peru. Perhaps like the Shakers or the Amish they could take the best of both worlds and be better for it.

    It doesn’t have to be either-or, and if it is, I think you’ll lose.

    #49987

    zerosum
    Participant

    Russia, Russian are feeding you lies during every election primaries.
    Don’t be manipulated.
    Believe only the candidates.

    Everyone else is telling you lies, missinformation, fake news.

    Vote accordingly.

    Don’t read, believe anything that is on the web.

    #49988

    In his umpteenth article on the topic, Mish is led by his opinion more than ever, and much more than by what he sees happen; though he won’t see the difference anymore. I wonder why all these articles, since he’s no more British than I am and therefore our opinions don’t matter.

    Sure, you can claim “Boris won”, but it’s still an empty claim, and you can dislike the EU, but that doesn’t make Boris win. At this point no matter how this turns out, I think Mish will claim he was right.

    His first 3 points are useless and hollow mere assumptions, no. 4 is obvious to anyone, no. 5 is a maybe at best, and no. 6 radically oversimplifies the position Corbyn has taken (Mish doesn’t like Corbyn, he’s a dangerous commie).

    It’s disappointing.

    #49989

    seychelles
    Participant

    Gantz stressed that his Blue and White alliance “will listen to everyone, but we will not accept mandates imposed on us”

    We have the exclusive privilege of imposing “mandates” on others; don’t be so silly to suggest we will accept mandates imposed on US. We want muticulturalism for the world, except for US only a brutal racist policy of apartheid is acceptable. Hypocritical situational ethics (no ethics) is a cornerstone of the Zioglobalist “way”.

    #49990

    seychelles
    Participant

    The “growth is good” idea won’t die unless it’s murdered.

    It doesn’t need to be murdered, it’s committing suicide (but unfortunately it may be a slow death).

    #50000

    seychelles
    Participant

    machine guns, grenades, and dynamite …. The National Truth Commission estimates that at least 8,350 Indigenous people were killed by the military government.

    It would be interesting to know the current increase in death rate among these isolated indigenous tribes due to epidemics. Are they just killing them off with gunpowder sooner they can be killed off “naturally”?

    #50001

    seychelles
    Participant

    Mish is led by his opinion more than ever…
    Make that entrained opinion. Couldn’t agree with you more.

    What If This is as Good as It Gets?
    All you can reasonably ask of a human being is that he is self-critically aware of his own strengths and weaknesses, attempts to see externalities truthfully, and tries to navigate an optimum balanced loving path between the two while attempting to “make a nice day” in the shadow of our existential angst.

    #50007

    zerosum
    Participant

    We, at TAE, are all connected.

    How many of us were “connected” and then prepared to join with our local organizations, the millions of demonstrators around the world, re.: climate change?

    Zero! One! Two?

    Were we all ignored by all the organizers?

    #50008

    zerosum
    Participant

    The USA has just announced that it is sending troops to help protect the Saudi oil infrastructures from attacks.
    The USA is asking for other countries to also help.

    Calling China. Calling Russia. Its time to volunteer. 🙂

    #50009

    boscohorowitz
    Participant

    The way I understand it, USA has to keep Saudi oil yoked to petrodollars lest it lose its foreign reserve status. Without those oil sales, inflation of the US dollar begins awful fast.

    So, occupying Saudi Arabia while continuing global unrest in oil regions to drive prices up, will forestall a rapid run on US $s. Higher energy prices will hammer our economy big time, but that paper tiger hot-air balloon is poised to pop regardless.

    If USA attacks Iran, it will be in order to wreak just enough mayhem to shut down the Gulf.

    Somewhere amid all these false flag/ambiguously flagged operations, someone’s likely to get real and do something serious under their own name? In a way that no one can dispute who the acting agency is?

    And there’s wee Israel, working overtime to get its Armageddon on. Don’t they know that’s a Xtian thing? Meanwhile, Mohammed is growing increasingly pissed at all these Izzymericans brewing war in Islam and blaming it on Koranic culture.

    Sorry. I forgot what little HTML I never knew, so you’ll have to cut’n’past to hear Mose make much spendid sense.

    #50010

    boscohorowitz
    Participant

    Well, hush my mouf! The robots did it for me!

    #50011

    boscohorowitz
    Participant

    P.S. I am intrigued by what might happen with Epstein dead and Bibi knocked out. Seems to me that the Zionist global manipulation era is commencing its wind-down.

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