Debt Rattle July 29 2019
- This topic has 14 replies, 7 voices, and was last updated 4 years, 8 months ago by
.
-
Posts
-
Odilon Redon Fallen angel 1872 • A New US Oil Production Peak Looks Imminent (Robert Rapier) • China’s Wobbly Giants (Fortune) • Business Lobby
[See the full post at: Debt Rattle July 29 2019]Odilon Redon Fallen angel 1872
There is something raw about that painting; the real thing captured in the moment…
I like it; very much…“This surge is arguably the only reason oil prices today aren’t above $100/barrel”
“U.S. offshore oil production has also made a big jump. Over the past decade, Gulf Coast oil production in the U.S. rose from about 1.2 million BPD to about 2.0 million BPD.”While point taken, the U.S. is not drilling either the East or the West coast, and we know the West coast is so covered in oil it bubbles up out of the sand. They are not going to do this until the rest of the world’s oil is gone (Saudi Arabia) or locked in and unobtainable (Libya, Iraq, Syria) to insure prices stay high. That brings the W. argument that it would have been cheaper to buy every barrel of oil from Saddam rather than invade. True. However, the point was not to sell the oil, the point was to DENY the oil to our enemies, just as we are trying now with Iran (and Russia). So keep in mind, the U.S. HAS oil. A LOT of it. We haven’t even tried. And shale oil tells you what we can do if we try. But were we to pump it, prices would crash, so we need to ruin everybody else oil (life) first.
“the most striking characteristic of China’s presence on the Global 500 remains the overwhelming—and growing—dominance of state-owned firms”
Wow, just like us. Must be where they learned it from. Google, Facebook: created/funded by DARPA. Amazon: funded by the CIA and protected from most U.S. laws, like sales tax collection. Sachs, Morgan: given incremental monopoly and completely protected from all legal and financial fallout. GM, United Health: same. GE, Lockheed: trillion in guaranteed no-bid war profits. Exxon: need I say more? Hey kids! What do we call a system where the government pays, protects, directs, and controls the corporations in a merger of corporation and state interests? And once they align and join together, are the people A) the friend and beneficiary of this merger or B) the chattel and tax donkey of this oligopoly tag team of extractive power and profit?
“When Hunter Sego realized the insulin he needed to manage his Type 1 diabetes cost more than $1,400, he called his mother in a panic…. “How does it happen 10 minutes away from the American border in Michigan, people here are paying one-10th of the price for the vitally important drug they need to stay alive?” Sanders asked, calling the disparity a “national embarrassment”.
Nope, that’s Socialism, Bernie, just like the Soviets with no shoes while party members shop in Zurich. Hey, what happens when government creates and protects billionaire monopoly insiders instead of competition and bankruptcy again?
“The Confederation of British Industry (CBI) has warned the government that neither the UK nor the EU is ready for a no-deal Brexit on 31 October.”
Wow, whose fault is that? The EU for refusing to negotiate? Or Britain for not attempting to negotiate and sabotaging their own democracy and people in a fit of infantile pique? Reality happens while you’re making other plans. England has gotten through far FAAAAAAAAAAAAAAAAAAAR worse, and will get through this too, just like BoJo says. “Life is hard, but it’s harder if you’re stupid,” and these guys are making it as hard as possible using that method.
“Johnson Told No-Deal Brexit Will Crush Domestic Policy Plans (G.)”
That’s because the other parties have already promised to stonewall everything and keep any legislative help at all from reaching the people. Just like here. France is a little different, because they’re not even making an attempt that COULD be stonewalled. But blame Johnson for what you’re doing. That’s politics.
“More Than 4 Million In UK Are Trapped In Deep Poverty (G.)”
Getting out of the EU will liberate money, time, and policy, to care about such things again. Certainly being the EU is no help. Even the poor in Britain are nowhere near the levels of poverty, extraction, and destruction of Greece, which is nowhere near the EU’s Eastern Europe. When you realized you’ve joined the 4th Reich, the German conquest of Europe that intends to exterminate all resisters, the only moral thing you can do is leave.
“Ratcliffe Tapped to Replace Coats as US Spy Chief (R.)”
One by one, he exterminates the moles…
“Papadopoulos to Head to Greece to Retrieve $10,000 Payment (Fox)”
The marked bills are on record at the FBI. So who took them out of the office to entrap Big Papa? But this is on the heels of Papadopoulos saying “it was so obvious they were recording and entrapping me that Downer was holding his phone upright and pointing it at me while recording.” Yet when his lawyer asked for that (exculpatory) evidence, they said they didn’t have any. …Except that these recordings were the same evidence they used to convict him. So they don’t have the evidence they have. Gotcha.
Oh wait: just like Butina yesterday, where Byrne immediately reported it all to the FBI (and CFR) and they didn’t warn anyone she talked to, hoping to get the NRA and every GOP candidate in compromising positions. Then when it comes out, the FBI somehow lost all Byrne’s testimony and records that would help her case. Land of the Free, amirite? Mueller/Comey Boy Scouts.
“The WikiLeaks founder is in a London jail awaiting
a legal fight against extraditiongiving testimony in the DNC server/Seth Rich case which will end RussiaRussiaRussia and exonerate Trump and crush the Deep State setup.” /opinion“There are always risks in challenging excessive police power, but the risks of not challenging it are more dangerous, even fatal.” ― Hunter S. Thompson, Kingdom of Fear
• More Than 4 Million In UK Are Trapped In Deep Poverty (G.)
The elites are probably saying that they didn’t create the problems for the poor and cannot solve it.
Those poor people must solve their own problems and stop begging for help from the rich and powerful.
The rich and powerful have got bigger problems.• Johnson Told No-Deal Brexit Will Crush Domestic Policy Plans (G.)
” …. the government is more likely to be occupied with providing money and support to businesses and industries that have not prepared or are worst affected by a no-deal Brexit
…. “By cutting £40bn a year from our work and pensions budget through cuts and freezes to tax credits and benefits, the government has put progress into reverse,” said Alison Garnham, the chief executive of Child Poverty Action Group.”• Insulin Is Our Oxygen: Bernie Sanders Rides Another Campaign Bus To Canada (G.)
Don’t believe everything that you see on TV
DRUG ARE ALSO OVER PRICED IN CANADAI hope Bernie can get the price of drugs reduced FOR AMERICANS.
( A win-win solution for the drug companies. That’s how you’re suppose to think as a rich elite capitalist)
I think that the price of drugs will be made equal to the price of drugs in Canada because the drug companies will INCREASE the price of drugs in Canada.• Work On Production Line Of Boeing 737 MAX ‘Not Adequately Funded’ (BBC)
If the 737 MAX are converted to drones, the losers will be the banks who have been financing the airline industries.
Opps!
I forgot, the govs. are going to save the banks and make the working man pay for saving the rich bankers again.Is that called capitalism or socialism?
How does a rich powerful capitalist think?
Example:
Print more free money for me.
“Certainly what I saw was a lack of sufficient resources to do the job in its entirety,” he says. “The culture was very cost centred, incredibly pressurised.”
Maximizing profits is the ultimate objective of the Zioneocon playbook. Normal people are not corporations and get bored with chasing dollars when they have a modest cushion for basic needs. Changing the name to 737-8200 or something else is very cost-effective but will only result in killing more innocent people on the Mammonist altar.
I know I am not even close to being the sharpest tool in the shed. But a couple of thoughts anyway
Do you think the barrel of oil today is more or less valuable then the a barrel of oil when the world is almost out.? The last country with oil wins???
Do you think a healthcare system that has doctors and support staff cost more or less than a healthcare system that has insurance companies, administrators, billing and collection departments, lobbyist, attorneys and other parasitic waste in the system?
lasttwo,
q1: yes, the last country with oil wins. there is no resource that can compete with oil . but there will never be such a country, the endgame will involve wasting giant amounts of oil to fight over the last bit of oil and then no-one wins.
q2: our societies rely on waste. try to make them efficient and they collapse. re: Dave Graeber and his Bullshit Jobs.
How can we distinguish between project fear and objective predictions about the future? We don’t see probabilities on anything. We often see the word ‘could’ followed by apolcolyptic predictions. We cannot trust the Independent or the Guardian, they are pro-remain. The Independent is the worse though. We cannot trust the CBI I think. Corporate interests are not the interests of EU citizens, bankers interests are not the interests of EU citizens. The ultimate utopia for corporations would be one world government with no democracy.
And, as I’m looking at it again, Redon’s Fallen Angel grips me even more. paper and charcoal, and that’s all, and that’s what he makes of it.
Trapped in proverty? Poverty is government policy at the moment. It always is when the tories are in. They like poverty, for other people. “If it isn’t hurting [them] it isn’t working [for us]” Margaret Thatcher. [Brackets mine].
I agree Raul the last drop of oil will be wasted trying to kill someone over the last drop of oil.
Waste is part of the system but it seems to be most of the system now.
On another website there was an argument that we would never reduce the amount to fossil fuel and would have to build 3 billion electric cars.
We should not build 3 billion electric cars. We should change the way we think about moving people and things. We do not need to ship a container of beans to china so they can put it in a can and ship it back. everyone does not need to drive a SUV. I certainly don’t know but maybe we can use technology to a point where travel is a pod that links to other pods forms a train so the power used is a magnitude less.
There is greedy vested interest in keeping the oil flowing. I realize without oil the world population would likely be 1/2 of what is or less. frankly we could use 1/2 the oil we are using and be just as happy it would just be different.
I cant speak to the green new deal I have not read it. but there should be a plan and people thinking outside the status quo to find solutions. There should be incentives to adopt a cleaner more renewable lifestyle.
Just like the system of railroads, highways, the space program, the public library system. and heath care in most developed countries. The solutions are too big for private companies to deliver and still make a profit.
It is undeniable that the environment is suffering in big and profound ways because of the way we choose to live. the factory farms, the never ending wars that make a few rich and the rest of us poor or dead, the oil lobby and lobbyist in general that will eventually destroy democracy. The overwhelming waste in the system. I am quite sure if there are future generations they will think us quite a selfish generation.solar panels are a better investment than 30 yr bonds. -safer too.
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.