Debt Rattle October 1 2018

 

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  • #43130

    Paul Gauguin Bathing, Dieppe 1885   • White House Questioned Over Scope Of FBI Investigation Into Kavanaugh (WSJ) • Trump Helps Publishers Sell M
    [See the full post at: Debt Rattle October 1 2018]

    #43131
    V. Arnold
    Participant

    • The Distribution Of Wealth Has More To Do With Power Than Productivity (OD)

    https://3r8md7174doo44lgpk3kou79-wpengine.netdna-ssl.com/wp-content/uploads/2018/10/PikettyWealthVsIncome.png

    Nuts! I was hoping the graph would be an image. My incompetence is legion…
    Usians are still slaves. Color has little to nothing to do with it; power is everything and money, as always, is the way to power…
    Slavery is alive and well in the US.
    Wages replaced barbed wire; debt replaced Boss Hogg; and forever war replaced freedom of information.
    The only door remaining is the freedom to leave; but that door may close very soon…

    #43132
    Dr. D
    Participant

    The Guardian, or its scientist, misses the obvious corollary to the egg-shaped world theory:

    Yes, ice accruing at the poles over centuries or millennia crush the earth down, and its melting causes them to rise up again. The interesting thing is this: how likely is it that the entire earth can sink and crack without any volcanoes going off in the immediate area, or along fault lines leading to and from the poles? Maybe not so much?

    In fact, unexpected, massive, and it seems quite recent volcanoes going off under Antarctica is a major cause to the ice sheet melting on one side. …While the opposite coast, away from the action, ice is actually growing.

    The North Pole cannot exert the same pressure, being undersea, but the nearby land masses do have an effect. So, we kind of have a theory: Ice accruing with immeasurable slowness would not cause volcanoes, as the earth can adjust, and/or volcanoes that go off have a period of centuries, not years, while ice melting happens suddenly and causes a sudden outbreak of volcanoes. Does the geological record support this? Yes: it’s not too bad.

    So why do I bring this up? Because the sudden attack of volcanoes, according to a regular, measurable timetable, tracked over hundreds or thousands of years, causes sudden global cooling due to sunlight. …And this is DESPITE that a single volcano can throw more CO2 than all of mankind does in a year. So the cooling begins, ice begins to accrue, the volcanoes go dormant, and the cycle is forgotten for another 400 or 1,000 years. All of which happens without man, without runaway processes, and is in the geological record going back 50,000 years. Inhale, exhale.

    Volcano

    Does this fit the theory? Yes, far better than AGW does. One key, overwhelming, theory-breaking problem is that CO2 FOLLOWS global warming, it doesn’t lead it. That means CO2 is the RESULT of GW, not the cause. This is what put me on the science to begin with, because they said, as good scientists should, “That can’t be right, double and triple-check those ice cores.” They did, and the warming is first, CO2 FOLLOWS at the peak of warming. How?

    Because these volcanoes go off at the peak of the warming, BECAUSE of the warming, put massive CO2 into the air, and because CO2 does NOT cause an adequate greenhouse effect, actually cause the cyclical cooling. 10, 50, 100 times, without any men living on earth. So relax. We certainly have a lot of problems, but this isn’t one of them. In fact, if the volcanoes go off, we’ll have the OPPOSITE problem, the one that caused the fall of Rome, as all successful empires and tech periods, Rome was quite warm, with grapes in Britain again.

    “The sun gave forth its light without brightness,” wrote the Byzantine historian Procopius, “and it seemed exceedingly like the sun in eclipse, for the beams it shed were not clear.” In the wake of the cloud’s appearance, local climate cooled for more than a decade. Crops failed, and there was widespread famine.
    https://www.smithsonianmag.com/science-nature/sixth-century-misery-tied-not-one-two-volcanic-eruptions-180955858/

    This led to the cooling cycle tapering off with a new warming peak in 1100 — where you see Vikings move around and farm in Greenland. Then it cooled like clockwork into 1600 when the Thames was so frozen they walked an elephant across it in the middle of an ice parade. 500 year cycle like clockwork, both warmer and colder than we believe possible. But hey, who believes the Smithsonian? Bunch of science-denying hacks.

    Volcanoes: look into it. The article is right there, you just read it. Now put the pieces together.

    #43137
    zerosum
    Participant

    Money laundering is a multi-bank phenomenon.

    Laundering of money is an expensive service being done for the rich, powerful, people who work for governments and large rich companies.

    #43139
    Doc Robinson
    Participant

    “The U.K. government is demanding action from the European Union (EU) amid strong frustration over the lack of proposals from Brussels on a post-Brexit relationship.”

    After reading Article 50 this morning, I think the UK gov has a point. “… the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union…”

    Below is the text of Article 50 [from Investopedia]

    1. Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.

    2. A Member State which decides to withdraw shall notify the European Council of its intention. In the light of the guidelines provided by the European Council, the Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union. That agreement shall be negotiated in accordance with Article 218(3) of the Treaty on the Functioning of the European Union. It shall be concluded on behalf of the Union by the Council, acting by a qualified majority, after obtaining the consent of the European Parliament.

    3. The Treaties shall cease to apply to the State in question from the date of entry into force of the withdrawal agreement or, failing that, two years after the notification referred to in paragraph 2, unless the European Council, in agreement with the Member State concerned, unanimously decides to extend this period.

    4. For the purposes of paragraphs 2 and 3, the member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it. A qualified majority shall be defined in accordance with Article 238(3)(b) of the Treaty on the Functioning of the European Union.

    5. If a State which has withdrawn from the Union asks to rejoin, its request shall be subject to the procedure referred to in Article 49.

    #43140
    Doc Robinson
    Participant

    “Remarkably, the house price-to-income ratio is lower in Germany today than it was in 1995, while in the UK it has nearly tripled over the same time period.”

    That is eye-opening. More from that excellent OpenDemocracy article:

    “So while German property owners have not benefited from skyrocketing house prices in the way that they have in Britain, the flipside is that German renters only spend 25% of their incomes on rent on average, while British renters spend 40%. The former is captured in the OECD’s measure of wealth, while the discounted value of the latter is not…”

    “None of this means that Germany is poorer than Britain. Instead, it just reflects the fact that German capitalists and landowners have less bargaining power than they do in the UK, while [German] workers and tenants have more power. While lower shareholder returns and house prices are reflected in the OECD’s measure of wealth, better pay and conditions and lower rents are not.”

    #43141
    BoomerDoomer2
    Participant

    Dr. D – Thanks for the link. This is science in the same way that AGW is science. Both theories have merit. I’ll not argue in defense of AGW but I will argue that mankind has made a mess of earth and it has not led to a higher quality of life except in a few cases. Take a look at flightradar24.com. Zoom in, zoom out. This is insanity. Take a look at traffic cams in cities such as Seattle and LA. This is insanity.

    It should be noted that the article supports the recent assertion by scientists that Geoengineering will not end well.

    Back to the garden for me; one way to mitigate the insanity…

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