Debt Rattle April 21 2020
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Ben Shahn “Scene in Jackson Square, New Orleans” 1935 • Coronavirus’s Ability To Mutate Has Been Vastly Underestimated (SCMP) • WHO Warns That
[See the full post at: Debt Rattle April 21 2020]Ijargi – one more time: thanks for what you do to make TAE available to us.
I even followed through on my threat and donated.. lol.Ben Shahn “Scene in Jackson Square, New Orleans” 1935
There is something going on in that picture…just not sure what…
Apparently on the move…
He looks rather dapper; she carries the luggage???I’ve got to stop quarantine drinking… I thought these were baby dinosaurs…
That is hilarious.
Is that a Victrola she’s carrying? Explains the shoes.
In today’s non-science, “Professor Johan Giesecke, one of the world’s most senior epidemiologists says:
“The flattening of the curve is due to the most vulnerable dying first as much as the lockdown.
The results will eventually be similar for all countries.
Covid-19 is a “mild disease” and similar to the flu, and it was the novelty of the disease that scared people.
The actual fatality rate of Covid-19 is the region of 0.1%.
At least 50% of the population of both the UK and Sweden will be shown to have already had the disease when mass antibody testing becomes available.”But I don’t believe science, I believe science. I listen to scientists not scientists. I listen to official government organizations, not official organizations. Got it? It’s settled.
And I also look forward to looking back at year-end death rates for various countries.
Recalling that TAE is an economic Peak Oil blog and not a medical blog, oil prices are negative. Several trading houses were destroyed. It takes 30 days for the derivatives to be called on and default.
Perhaps more importantly, Iran, Venezuela, and possibly Saudi Arabia will be injured, perhaps fatally. Russia will be weakened and have to withdraw. That is a most convenient power shift for Silk Road/BRIC nations.This does say what the Devil’s Advocate has argued: we’re nowhere near Peak Oil because, like food, we use half our oil for unimportant, even idiotic things. Cut back senseless debt-origination. Cut back senseless consumerism. Cut back to the essential/wear it out/go without. Stop senseless driving when you can telecommute or to Jimmy’s soccer practice.
And we’ll have 50% more consumer petroleum and a SURPLUS. All now true. Problem fixed in 30 days.
With that, skies are blue, pollution is down, roads are clear and don’t need expanding.Telecommuting will persist. We will reduce globe-circling manufacturing. We will re-localize. Power is being dispersed back to the states. Local jobs are increasing. Everyone is disappointed and fighting it. Fighting for the return to pollution, consumerism and an extractive, neo-feudal status quo.
It’s all bad. We’re all gonna die. Déjà vu, every day.
“WHO Warns that Few Have Developed Antibodies to COVID19 (G.)”
You mean the WHO that’s been totally wrong and is even now anti-scientific in terms of wearing masks, and asking China whether they caused the disease or not? The gal at the Wuhan lab says they didn’t, and that’s good enough for Tedros! Why ask more? Why ask known, discredited liars anything? You’re their drunk-father codependent. Cut them off, plow them into the ground and move on.
To their point: so we know this with inaccurate testing, how exactly?
Further, in another of an amazing series of coincidences, the CDC also contaminated all their NEW tests. (NYT). What is that, 4th time in a row? U.K. too? Weirdest thing, everywhere you look, the tests always seem to go to wild false positives. And the CDC is as bad as the WHO, screwed up everything they touched, so why are we funding this private partnership again? They’re the ones who said we were going to die of swine, H1N1, and ebola only last year. Stop being an abused child victim and transfer all their funding to the Army Hospital or something. If there’s never consequences, why would anyone do their job? Proof. Positive. Right Wells Fargo? SEC, CFTC, Fed regulators?
“Coronavirus Attacks Blood Vessel Linings All Over the Body (SCMP)”
Explains why Vitamin C is so helpful.
““I think we all agree with you that more money for Main Street is needed.”
Why? We will then add too much money and no new goods. What does that sound like? Inflation, that will raise prices, hurt the small/weak, and strengthen the Insiders, like everywhere in history? How about the debts aren’t paid, default, and Morgan Stanley is bankrupted in minutes? Then they buy the debt in distress, and write it down to 10c. The debt load on Main Street plummets, the insiders are destroyed, and inflation does NOT go up, prices instead go DOWN, NOT starving the poorest workers to death? Nah, that’d be Capitalism, we don’t do that.
The article serves up the proper dose of the REAL Welfare Queens: Sachs, Amazon, Citi, GE, Boeing… Multi-trillions more than all people’s bailouts combined. And just like them, those corporations never work again, but sit on the dole, whining. Want your money for Medicare-for-All? There it is.
“…setting the “value of a statistical life” at $11.5 million..”
The problem is, they think they can know. They can’t. One life will be Jeffery Dahmer, or his fellow cannibal Jamie Dimon, and the next life is Pasteur or Edison. They can’t tell a plus from a minus, but claim they can to two decimal places. That’s the definition of a fool.
“US Energy Industry Steps Up Lobbying For Fed’s Emergency Aid (R.)”
Again, why would we bail them out? The go bankrupt, their bulldozers are sold to the next guy. Their bailout is just a passthru bailout to Morgan. Like AIG. The Welfare Queens.
“US Treasury Releases $2.9 Billion In Airline Support (R.)”
Same. They can sell “Total Bastard Airlines” or as they’re better known, “Delta” in bankruptcy to some SouthWest or JetBlue that doesn’t fold you under a seat and step on you for amusement. Then we have better airlines and no debt. But wait! Then Morgan and Sachs wouldn’t get a passthru bailout, and the people wouldn’t get —–ed. Can’t have that. My pals need to never take the consequences of their actions and bad decisions. To Suspend #Logos in #AntiLogos, AntiPhysics, AntiReality. Which is the whole POINT of having power. If you were doing GOOD stuff, it would reward itself naturally and you wouldn’t need power to avoid your just desserts.
“The entire US economic system is ideal for smothering small business.”
Yes, it’s Socialism for the Wealthy and Capitalism for the poor. Just like our legal system. But Socialism is always like that. Notice Party members have a real hard time being arrested regardless of what happens, and they never go broke. So if you believe in fairness, one rule for all, and no despots, the choice is simple. Aaaaaaaand despite 150 years of failing, they always choose wrong again.
“NHS Staff Not Allowed to Tweet About ‘Political Issues’ – Like PPE (Ind.)”
They don’t have a Bill of Rights. But since such Rights are innate and inalienable, they’re just not standing up for them. Why? To protect corrupt power, and prevent people receiving the consequences of their actions — there’s never any other reason. Here we find that the citizens can get all the masks they want right now, or so it seems, while hospitals claim to have none. Explain? Because I’m guessing the hospital admins are hiding them in the basement fearing a NYC-type crisis, and not letting the nurses use them day to day at their constant peril. While the Admins sit in office safety. So…whose fault then? If it were public, questions would be asked. Expect we’ll get through this and the basements will be chok-full, with no masks on faces.
Is that good or bad planning? I can’t say, I understand their situation, but at least we could be honest about it.
“New Zealanders Donate $230,000 To Help Zoo Feed Animals (G.)”
So glad to hear it. I always wish they would donate to their habitat and repatriation instead.
I don’t even know what’s happening with Biden. Of COURSE they were going to swap him out, and why I don’t know as they could have pushed Puppet Pete at least, but are you waiting for Joe to wet his drawers on camera? This is bad. It makes them the laughingstock, and quadruples-down on the AntiBernie appearance. Even if they got a stellar candidate – and why not earlier and honestly? – it stinks to heaven and may not help now. The other conclusion is they’re going to spring a candidate that has no experience and no possible cause to be there, like Michele or Oprah. SMH.
Don’t worry, when Trump gets elected because they presented no candidate at all, it’ll be RussiaRussiaRussia.
Incredible. Makes it seem like the party is as decrepit as Joe.
Memories
http://theoildrum.com/node/10249
The Oil Drum
The Last Post
Posted by Euan Mearns on September 22, 2013 – 9:34am
It is this emergent property of smart people sharing knowledge on a critical topic to humanity’s future that will be missed.Missed? Oil surplus? Oil selling at less than zero?
Why You Think You’re Right Even When You’re Wrong
Not only is she an uncommonly attractive babe in the culturally approved willowy limbs with abundant butt’n’boobs, she is also uncommlny articulate in her very well-prepared and nicely balanced presentation.
Youtube showed it to me this morning cuz gooble’s algorithms know me better than I do myself. Think of google algorithms as The Scout; think of the ads/entertainments/diversions/presentations as The Soldier.
Everyone is piling on today.
“One the members of the press asked the obvious: Given that we now have studies showing prevalence of Covid-19 fifty times the reported case rate this means the fatality rate is much lower than reported, and in fact similar to the seasonal flu, isn’t it? ...
Anyone notice that [Birx] didn’t answer the question”?? –Denninger
http://cluborlov.blogspot.com/2020/04/a-simple-model-of-coronavirus-pandemic.html#more
“Different countries have imposed different measures. Some are requiring people to have written passes to set foot outside; others do not. Some have forced a complete economic shutdown; others haven’t. Some test lots of healthy people for coronavirus; others only test suspected cases and a few conduct tests as part of a post-mortem, if at all. How does this seem to be affecting the number of COVID-19 deaths? Well, not at all, actually! It seems to be making about as much difference as would frowning and wagging your finger at a petri dish. The coronavirus is spreading just as it would, and most people who are exposed to it do not even know that they have been exposed to anything out of the ordinary.
Even if we dramatically increase our current estimate of 170000 ultimate COVID-19 deaths to half a million and assume that the coronavirus spreads to every corner of the Earth, this would give us a lethality of 0.07%. This is very much in line with the death toll from the 2009 H1N1 pandemic. Note, however, that the 2009 pandemic did not cause financial and economic collapse.”
“Do sane, responsible people shut down the economy and bankrupt themselves for the sake of a virus not unlike the dozens of others in circulation which cause people to cough and sneeze, and sometimes (very rarely) die? No, they do not. Thus, we are forced to formulate other hypotheses. One such hypothesis is that global finance collapsed some time ago,” -Orlov
Timer Martin Armstrong, on killing more people, not less:
Sex Workers, Homeless & Suicides on the Rise Thanks to COVID-19
AOC Demonstrates Just How Ignorant She is About Economics As the World Turns to Protests
But “Opinions are Treason!” Facebook is outlawing protests at the request of the States. Which is needless to say, illegal (govt cannot restrict speech) and also biased, as they promoted rent and medical protests all month.
Hey, would that be election tampering? No one’s hiding it. If Orlov’s math is correct (he’s an engineer) we’ll find out shortly. Which is why they’re opening up with no (admitted) tests. Because they all know this and always have.
We’re coming up 119 Million deaths short again.
“There is an 80-year pattern to the weave of history. The pattern is this:
a) a devastating economic crash, followed by a
b) populist revolution, followed by a
c) BigAssWar (BAW) in which
d) bankers obtain a politicoeconomic strangehold by “loaning” “money” to fund the war.from something I wrote in March 2016 for Facebook consumption.
Something in this classic pattern has changed this time around. Anyone care to offer opinions on this? I will be silent on the matter except to note here that b), c), & d) appear both reversed and c) appears to have morphed beyond mere Ye Olde Bloody Big Ass War.
Here’s a fun idea.
ALL billionaires loses ALL their wealth over the value of one billion dollars! The money gained is fed back to the bottom 50% of the population.
Not exactly a hardship on these people.
Jubilee for the rich who owe money to other rich people
Trump Proposes Executive Order To Fund Oil, Gas Companies… Which Will Depress Oil Prices More
from January 2019 report by Simon Michaux Geologian tutkimuskeskus | Geologiska forskningscentralen | Geological Survey of Finland
Espoo Kokkola Kuopio Loppi Outokumpu Rovaniemi
http://www.gtk.fi Puh/Tel +358 29 503 0000 Y-tunnus / FO-nummer / Business ID: 0244680-7:“Today approximately 90% of the supply chain of all industrially manufactured products depend on the availability of oil derived products, or oil derived services. As the source material for various types of fuels, oil is a basic prerequisite for the transportation of large quantities of goods over long distances. Oil, alongside information technology, container ships, trucks and aircraft form the backbone of globalization and our current industrial ecosystem.
“Approximately 70% of our daily oil supply comes from oil fields discovered prior to 1970. Most of global oil supply still comes from 10 to 20 huge oil fields. In 2006, 10 oil fields accounted for 29.9% of the global proved reserves. Since 2006, comparatively very small oil fields have been discovered. 74% of the current global oil reserves is geographically concentrated in what is termed the Strategic Ellipse, which is the Middle East and Central Asia. Peak oil discovery was in 1962, since then rates of resource discovery has been declining persistently. New discoveries are limited: the exploration success rate in 2017 was a record low of 5%, and the average discovery size was 24mbbls. A projected range for average decline rate on post-peak production is 5-7%, equivalent to around 3-4.5mb/d of lost production every year.
“Currently the market is oversupplied. When the market returns to demand taking up all global supply, effective spare capacity could only shrink by just 1% of global supply/demand of 96mb/d, leaving the market very susceptible to disruptions. Oil demand is still growing by ~1mbd every year, and no central scenarios that have been recently assessed see oil demand peaking before 2040”
Otto von Bismark, senile and feeble as is Old Joe Biden now, gave Hitler his official seal of approval in a way and time critical to Hitler’s rise to power.
Question: to whom will Joe give his official seal of approval? assuming he drops out after humping the podium on national tv?
“With test results all over the place, we need to recognize that having all the world’s top minds on viruses focused on the same issue, does not guarantee a thing. Other than confusion.”
“On Friday, a study carried out in Santa Clara, California by Stanford University and released as a “pre-print” without peer review, found that 50 to 85 times more people had been infected with the virus than official figures showed.”
I remember way back when I first got into microelectronics, and after two years of hard work our first microchip silicon wafers came out of manufacturing. This was back in the Dark Ages when every large company wanted to have their own Microelectronics Division. We all stood around the huge test machine as the first silicon wafer was loaded onto the test chuck. The probes of the test machine were set down onto the first die of the wafer and the test engineer hit the test button. A few seconds later we all whooped and hollered with joy as the green light flashed, indicating that the new microchip had successfully passed a full series of tests.
The test engineer moved the probes to the next circuit on the wafer, again we all cheered as another green light showed that the adjacent microchip was 100% functional. After this scene was repeated several times in succession, the lead test engineer became suspicious. “Hold on a second”, he said, “lift the test probes from the wafer and hit the Test button again.” With nothing but air under the test probes the test button was pushed. A few seconds later the test machine’s green light flashed success once again, but this time to the groans of all assembled. It seems the test program was faulty, and always produced a positive result a few seconds after the test button was pushed.
The moral of the story is that the results of any test are only as good as its measurement tools. In the case of the above study by Stanford University, which tries to prove that “50 to 85 times more people had been infected with the virus than official figures” show, Chris Martenson does an excellent job of debunking in yesterday’s podcast.
As yet, I am not convinced that the COVID-19 virus has already passed through the greater part of an asymptomatic population. Why? Because too many people, especially in finance, want it to be so. They all want desperately for profits to return to their pre-pandemic highs, and will grab onto (or fund) any experimental study that appears to show that the worst is already behind us.
The attitude and intentions of the world’s greater population can be expressed in one simple and easy to understand sentence, which declares one irrefutable fact and directly orders what they insist be done about it. That the order will be enforced under penalty of death is implicit.
Our rulers will either believe the fact and obey the order, or they will perish.
Here’s the sentence :
“This situation has gotten serious, so no more tricky bullshit.”
Pump it up, pump it down
The USA is trillions of dollars bankrupt.
The USA , Trump, is going to use the printing press to buy oil and put it in strategic oil reserve.
I don’t see anything wrong. Do you?I appreciated Martenson’s critique of the Stanford study. Seems like there’s too much attempted persuasion out there, in various forms, without the backing of actual facts and knowledge.
…and other odd notions.
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