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I don’t mean to sound cruel, but what’s the reason Greeks should enjoy higher living standards than Romania for example, other than that they are accustomed to it?
“Six Big Banks To Create A Blockchain-Based Cash System (R.)”
Distributed ledgers and digital currencies are two separate concepts. Digital currencies use distributed ledgers. Distributed ledgers can be used for any number of things having nothing to do with digital currencies. In this case it is used to settle transactions in government fiat money between banks. No new “cash” is created. Think of it as a SWIFT replacement.
Nassim, growing vegetables on those plots is mostly recreational. Short growing season, mediocre soils, unattended during the week, cost of transportation – you get the picture.
Frozen chicken is not from Arkansas anymore, you are correct there. It’s all locally grown. From imported hatching eggs. Russia has no pedigree stock and their parent stock farms are just starting to emerge.
What’s your infatuation with Russia?
EROI 15:1 means I get 93% of the total energy produced as profit that I can use for whatever I want and I need to spend 7% to keep the party going. At EROI 10:1 it’s 90% and 10%, respectively. This whole drama over 3 percentage points? Isn’t available energy per capita a more interesting metric?
Funny enough, geothermal can be exhausted locally. Italy was building commercial geothermal power plants long before Iceland, and their output at the oldest locations is diminishing. I suppose there is some limit to the rate of sustainable heat extraction. And it drains local aquifers. “All human activity is folly” 🙂
Australian Indigenous people teach Canadian Indigenous people how to farm carbon credit.
Dr. Diablo, what makes you think that the purpose of all the “factories, fields, railroads, and electrification” is “for everyone to use”? I don’t think you would agree for me to use your quest bedroom when you are not using it.
The moment you buy into private ownership of the means of production you buy into everything else that comes with it. During the same years the Soviet Union had 0% unemployment. They even hired American specialists! Here is some bizarre shit. Of course there was some forced labour and alleged wife sharing too 🙂 So, pick your poison.
We didn’t have an industrial society in 1600, but we had the rich and we had the poor. Therefore, oil, coal, solar panels, wind turbines, and all that jazz are not necessary for the existence of the rich and the poor. It’s the middle class that is doomed. And by the way, if your car is 10 years old you are not poor. It’s when you had a bad year and one of your children starved to death, and you let him, to save your other children – that’s when you are poor.
So, Dr. Diablo, of course there is a larger campaign. The riches are positioning themselves to survive the collapse and remain rich. While we are discussing alternative energy and poor Greeks and Syrians, somebody is drawing borders in the post-apocalyptic world.
zerosum, I’m not sure it’s that simple. I remember 10 years ago Sears and HBC were like ghost towns. I suspect creative accounting and appreciating real estate kept them afloat, but one can only pretend for so long.
Von Bergmann wrote in early 2016:
just the SFH property owners alone earned more by twiddling their thumbs than the entire population of the City of Vancouver did by – actually working
And since the real estate bubble is still going strong there is no shortage of disposable income. Many stores are doing great, not just Dollar Tree and Dollarama.
priced out of housing, forever. F.O.R.E.V.E.R. You will die owning nothing but an iPhone
Old man and his iPhone. Hemingway would have a blast. Thank you Dr. Diablo for putting this image in my head.
Nothing elite about them except what Mafiaesque money could buy.
Which is pretty typical for a developing country. My whole point was that Russia’s shouldn’t be on the list of countries “smacking down” the US. They are operating on different scales. All I’m saying.
V. Arnold, are you talking about Russian foreign exchange reserves? Yeah, they are $400 billion as of April 2017. Down from $598 billion in August 2008. Taiwan is doing better with $435 billion, if you believe Wikipedia. By itself means nothing. I’m more impressed with their dept to GDP ratio. It’s a healthy little economy they are running. If they keep at it they might surpass Canada one day.
All that cool stuff they did in the 60-s, like first man in space and all – that was Soviet Union. And it’s gone, no more. They lost all their markets for anything value added, only raw resources are still going. Their male life expectancy dipped below 58 for a short spell. Factories were privatized and sold for scraps. You can read all about it in “Reinventing Collapse” by Dmitry Orlov.
Russia is not “90% (maybe more) self sustaining”. You are probably thinking North Korea. Russia cannot even feed itself. They had record grain exports, but dig a bit deeper – they are importing milling-value grain and exporting forage grain. They are also importing seeding material and red meat. “Made in Russia” cars are assembled from imported parts. Practically everything, apart from military equipment and rocket engines – they import. Or import key components, ingredients, precursors, etc. But they do export rocket engines, so maybe not all is lost for them.
Blame it on the “Zioglobalist cabal” if that helps you live with yourself. The rest of us remember that the country was build on the genocide of Native Americans and slave trade. That’s what the US stands for. And Northern Europe is exactly the same, so I don’t limit it to abstract “America”, it’s just a convenient shorthand. Trace those attitudes all the way back to the 16th century enclosures in England and you will see where your nation was born. And yes, legalizing usury helped things along, so maybe there is some echo of truth in what you’re saying.
I don’t know about the US devolution into irrelevance… Remember that joke about two hikers and a bear? The same way the US doesn’t need to outrun the collapse, it just needs to outrun China. But as I said, I don’t know. Russia? Please, enough with this nonsense. Compare their GDP to the state of New York. Their Central Bank is fully integrated into and controlled by western financial system. Their elite gave up on them and moved their money abroad. Stop talking about Russia and it will take its rightful place next to Mexico and Nigeria. But then again, there might be forces at work that I don’t know about… Let’s keep reading this site.
Sorry, seychelles, are you saying we are all victims of the “Zioglobalist US deep state”, Americans, Europeans,Iraqis, and Libyans alike? In that case I disagree. I think the golden billion enjoyed the proceeds of crime and willful ignorance is poor defence. The only thing that upsets them is that their overindulgence is getting less obscene (which they even perceive as poverty), not at who’s expense they live longer and consume more than anyone else in the world.
The same “Usians” that contributed to every major human made disaster since WWII are beaten down and lost their spirit? My heart is broken. Let’s put our heads together and figure out how to make them feel empowered again. Who’s the next they should take from to keep the party going? If only they had another planet to plunder…
The North American countries, US and Canada, along with the EU; are exploiting their own citizens into poverty!
Poverty in the US, Canada, and EU… How cute.
Oh, you mean they have to share home with other members of their extended family, cook for themselves, and wear the same clothes over and over again! That kind of poverty… The horrors!
Now, now, Diogenes,such sarcasm was uncalled for, we are all friends here.
3 degrees Celsius, plus or minus 1.5 degrees C (equal to 5 degrees Fahrenheit plus or minus 1.7 degrees F)
It’s 5.4 and 2.7 Fahrenheit.
What does it matter which way out the human race will take? Doom of all super predators in closed ecosystems.