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Zerosum:
Another way of looking at this whole business of creating money out of thin air, is to what great lengths the US government is going to, to hide the obvious from you!
Zerosum:
You are 100% correct that there is nobody with the cash to buy US bonds!
If you look carefully at the 3 things I listed above, you will note that all 3 are tied directly to the US government!
1. The Fed now buys just over half of new US bonds issued by the US Treasury. They create the money out of thin air to do so, or in their more politically correct Fed speak they “monitize” the US government debt. Government spending keeps going up. It never goes down! It can never stop growing!
2. Captive US pension are required by US government regulations to maintain a certain percentage of “safe” US bonds in their portfolios. The amounts required keep rising.
3. Wall Street banks have to buy US bonds to create new derivatives. New derivative are constantly required to manipulate the markets such as keeping US interest rates low, suppress gold and silver prices, etc. This demand never stops because the amount of money keeps growing every day!
I hope you now see a pattern! It supports what you are saying! It is MMT all the way!
Nice picture of a wonderful time of peace in Beirut that no longer exists!
Yes the contrast between the old and the new!Brings back memories roasting lamb on an open fire in the Sahara desert!
In the late 1950s and early 1960s Beirut, Lebanon was a wonderful place.
You could go skiing in the morning then sit on the beach in the afternoon!
All of the Middle East banked and vacationed there.
No more.So now the “Muppets” are evil!
I remember when they banned the Road Runner & Coyote and Bugs Bunny as too violent! Look at how incredibly violent their replacements were!
Andrew Cuomo the same Democrat who tried to empty the New York teacher’s pension fund!
Everything his hands touches, dies!
Zerosum:
Yes, it is MMT time!
They are hoping MMT will releave them of the burden of ever having to pay back what they have borrowed!Zerosum:
In case you are wondering who is lending the money the US government borrows it is now mainly the Fed.
Another large lender are “captive” US pension funds required by government laws to buy US bonds.
Another major buyer of US bonds are Wall Street banks using them to create derivatives.A salt water battery?
I read the brief article , rather short ordeals, and come away with the feeling that this isn’t a battery but rather a power generating scheme.
They imply the requirement for large continuious volumes of fresh water near a large body of salt water.
We tend to think of batteries as self contained units to store energy.
Needing to continuiously pump fresh water in, pump fresh water out, then pump in salt water, then pump salt water out, sure sounds like a system requiring a lot of energy to make it work, not a battery!
The evidence is there for all to see, if only everyone would open their eyes and look!
This crisis was used to drive an agenda of crushing the freedom of the little people.
Little businesses all closed. Big businesses all open. Crushing competition.
Governments increasing their control over their people with lockdowns.
Increasing police powers without oversight nor requiring warrants.
Big tech increasing censorship of information.
Vacinnation passports indicating who is state compliant and who are enemies of the state.The price that governments paid for vaccines is a closely guarded secret because the politicians don’t want you to know how much in kick-backs they are getting!
The more they paid for the vaccine, the larger the kick-back is.
One thing about vitimin D and ivermectin is that it works well against all viruses!
Only the vaccines worry about variants. But that isn’t a bug but rather a built in feature to ensure endless future profits.
If one looks at the power data during Texas’ cold snap it is easy to spot what failed first.
The wind turbines stopped and solar stopped. Green energy failed dropping to zero.
Then natual gas power generation shot up to replace the failed green power sources.
Overall power demand in Texas suddenly shot up.
Then the cold started taking out a few of the non-winterized fossil fuel power generators,
a nuclear power plant, and natural gas pipelines.
Green power was nowhere to be found. It went AWOL.Nothing that happened in Texas comes even close to what happened in Quebec in the late 1990s.
absolute galore:
I studied electricity in early 1970s. In my rather short life, I have seen tremendous improvements in electrical energy use.
Take light. We went from the ordinary light bulb that produced more heat than light to LEDs which produce more light than heat! The same for electric motors! The same for gas engines! The same for computers!
This is what Ivan Illich failed to understand and is one reason why few remember him. He was too rigid.
V. Arnold:
If Dr.D is out by any factor it just makes his argument that much stronger, or stronger worst case in this case!
Needing more Powerpacks, than Dr.D said, just makes the environmental impact that much worst! By what 5, 10, 20 times?
Basically everyone having power-packes is so outlandish to solve a temporary problem that as Dr.D says it should be obvious that it isn’t the right solution!
Destroying our environment to save our environment! Yeah, we had to bomb the village to save it!
One nice thing about cars made with steel, is mother nature can reclaim it as rust!
it is good to see the Swiss are pissed off over government over reach.
At least they can do something about it!
It will help us, who can’t do anything about it.Dr. D. Rich:
In other words dr fasci followed the money! The money coming his way. That is why he is so wealthy.
Zerosum:
Before we poke Texas, we should remember what happened to Ontario and Quebec Hydro in the late 1990s.
Our power remained out for weeks because our province owned utilities failed to build power transmission towers strong enough to with stand a little freezing rain because to do so would be too expensive! We suffered far worst than Texas did!
The idea that anyone can build any system to withstand the worst case imaginable means nothing would ever get built because it is too expensive!
We shouldn’t loose track of this fact:
Virus mutations only affect how well or poorly vaccines 0work.
Virus mutations do not affect how well vitamin D or anti-viral medications like ivermectin work!
After watching how poorly Canada’s top federal health authorities, the WHO, and the CDC dr fusci have performed, I have concluded we would have been simply better off if they didn’t exist.
These folks seem to only be concerned by the rise in their bank accounts. Only money can explain their behavior. They are all state sanctioned mass murderers.
One of the problems with intermittent green power is that you have to build standby gas or coal fired plants (as Dr. D pointed out) for when the sun doesn’t shine and the wind doesn’t blow.
Basically that means paying for 2 parallel power systems both of which are only used part time. Since green energy costs double (green + fossil), only wealthy countries can afford such extravaganzas. It isn’t just the power plant but also two sets of transmission lines, switching gear, transformers, or what is called the grid. That stuff is expensive, especially if mostly on stand by.
Another thing to consider is that when air gets really cold it takes a lot more energy to make cold air move. As Germany and Texas found out in really cold weather, cold air just sits there too heavy to be moved! So no wind energy!
V. Arnold:
Your wood stove experience is the same as mine.
If you have a cheap woodstove you will spend all your time and energy feeding the beast! You will be it’s servant!
If you buy a good quality woodstove then you will spend far less time and energy feeding it! Then it becomes your servant!
The choice is clear!Madamski:
The media goes to great lengths to portray her as doctor or dr jill.
joe insists on being called president backed up by troops!
An insecure couple for sure!This is the first president that I know of whom people are not calling him president! I guess cheaters aren’t as well respected!
Since either have earned the privilege or respect it suits me just fine to call them for what they really are: jill and joe.
Now if I could just convince my politically correct auto correct to stop trying to correct me! It tried to turn cheater into heater!
V. Arnold:
One time when I was working in western Wyoming coal mine and had a long weekend, I traveled to Pocotello Idaho then up to Spokane, Washington, then down to Yakima on I82 then to i84 to Pendleton, Oregon and then Le Grande then to Boisie, Idaho then back to Pocotello and then Wyoming.
Would I have gone anywhere near Squaw Mountain where you lived?
V. Arnold:
Besides green energy having a negative EROI, there are other examples too.
One of these is created by the huge price differentials between a btu of natural gas and a btu of oil.
For example tar sand oil is extracted by using natural gas to heat the tar sands. I have to wonder if this process requires more btus than is produced?
The same may also apply to making plastics or fertilizers? I am sure there are other examples of negative EROIs that exist. Germans did this to produce oil from coal during WW2.
V. Arnold:
I guess I should have put a “/sarc” at the end of the sentence! Nothing slips by your eyes!
Yes, I know she has a PhD in basket weaving!
Unfortunately most Americans think she is an MD! The media always pretends she is.
P.S. Guess you don’t have any need of wood stoves!
John Day:
I have two types of wood stoves. New & Old.
The house has an EPA stove with an electric blower fan. It burns wood quite efficiently (slowly). It has a feature that circulates unburnt wood gases back towards the front to be burned. It also has fire brick lining inside the fire box.
The cottage however has a 50 year old wood stove that is basically just a round metal cylinder with a door on the front and a stove pipe coming out the top of the other end. Very simple. The door has an adjustable slider vent opening to help control the burn rate (slower or faster). Also in the stove pipe, above the ood stove, is a butterfly dampener.
Conclusion: The cottage stove easily burns twice the wood for less heat! Obtaining and cutting enough dried firewood is a big job so don’t under estimate this aspect!
So Australia has been canceled! That is O.K. as the water in their toilets circles down the drain in the wrong direction! Facebook said so!
Jill loves the money joe brings in. Since she is a doctor, joe is in good hands even if joe doesn’t know it!
As for the US having “nominal” negative interest rates (NIRP), that isn’t going to happen. If the world’s major reserve currency were to go “nominally” NIRP, then all of the world’s commodity markets would instantly go into permament “backwardation”!
To get around that problem, the Fed is aiming instead for negative “real” interest rates. This is a world where inflation is higher than the “nominal” slightly positive interest rate.
We are right now running at least minus 2% real interest rates. The Fed is hoping to drive the real interest rates much more negative soon. It is the only way for the government to avoid having to pay back the debt!
We are not likely to run out of fossil fuels anytime soon. We have hundreds if not thousands of years of fossil fuels left.
The problem is the costs to obtain these fuels. The only time that real practical limits are imposed is when it takes more energy to extract a lessor amount of energy. You normally wouldn’t extract 1 btu of energy if it took 1.1 btu of energy to do it. Still some of this exists. Printing paper money can only cover this type of energy waste (like most shale) for only so long.
As the costs of fossil fuel extraction rises other forms of energy can sort of begin to compete. Governments of course use taxpayer subsidies to hurry new energy production that uses more energy to produce less energy. Only wealthy countries can afford to do this. Poor countries can’t.
Madamski:
Don’t laugh but at one time palm trees grew in Labrador!
Petrified wood was discovered in the iron mines. My Father had samples of tropical plant leaves in his office that I, as a kid, used to spray to keep them from drying out.
I see that mass murderer dr fasci just got a nice bribe of $1 million from Israel.
You know an award, like a book deal, perfectly legal.Just an after thought from yesterday about joe.
joe seems pretty hung up on being called president! He is feeling so insecure about stealing the presidency that he now needs to keep 5,000 troops in Washington until September!
harris is doing her part to make joe feel more secure. She is the one talking to all of the foriegn leaders behind joe’s back.
Does joe really know where in hell he is?
V. Arnold:
Your avoiding westerners made me chuckle! I never really had that problem as I was always on my own!
Westerners don’t visit mining sites located in the middle of nowhere! There are no nice hotels and restaurants there either! Nobody puts a mine in a nice place!
So my view of complainers is pretty much the same as yours!
Working in mines allowed me the opportunity to see local people in their communities, not tourist traps. Being there longer than tourists also help me get a better feel for what was happening in a given country.
