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Headed for a Collapsing Debt Bubble

Headed for a Collapsing Debt Bubble thumbnail

A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy out of the downturn it has been in 2020? I don’t think so.

The economy runs on energy, far more than it operates on growing debt. Our energy problems don’t appear to be fixable in the near term, such as six months or a year. Instead, the economy seems to be headed for a collapse of its debt bubble. Eventually, we may see a reset of the world financial system leading to fewer interchangeable currencies, far less international trade and falling production of goods and services. Some governments may collapse.

[1] What Is Debt?

I understand debt to be an indirect promise for future goods and services. These future goods and services can only be created if there are adequate supplies of the right kinds of energy and other materials, in the right places, to make these future goods and services.

I think of debt as being a time-shifting device. Indirectly, it is a promise that the economy will be able to provide as many, or more, goods and services in the future compared to what it does at the time the loan is taken out.

Common sense suggests that it is much easier to repay debt with interest in a growing economy than in a shrinking economy. Carmen Reinhart and Ken Rogoff unexpectedly ran across this phenomenon in their 2008 working paper, This Time Is Different: A Panoramic View of Eight Centuries of Financial Crises. They reported (p. 15), “It is notable that the non-defaulters, by and large, are all hugely successful growth stories.” In other words, their analysis of 800 years of governmental debt showed that default was almost inevitable if a country stopped growing or started shrinking.

The IMF estimates that the world economy shrank by 3.5% in 2020. There are many areas with even worse indications: Euro Area, -7.2%; United Kingdom, -10.0%; India, -8.0%; Mexico, -8.5%; and South Africa, -7.5%. If these situations cannot be turned around quickly, we should expect to see collapsing debt bubbles. Even the US, which shrank by 3.4%, needs a rapid return to growth if it is to keep its debt bubble inflated.

[2] The Inter-Relationship Among (a) Growing Debt, (b) Growing Energy Consumption and a (c) Growing Economy

When we are far from energy limits, growing debt seems to pull the economy along. This is a graphic I put together in 2018, explaining the situation. A small amount of debt is helpful to the system. But, if there gets to be too much debt, both oil prices and interest rates rise, bringing the braking system into action. The bicycle/economy rapidly slows.


Figure 1. The author’s view of the analogy of a speeding upright bicycle and a speeding economy.

Just as a two-wheeled bicycle needs to be going fast enough to stay upright, the economy needs to be growing rapidly enough for debt to do what it is intended to do. It takes energy supply to create the goods and services that the economy depends on.

If oil and other energy products are cheap to produce, their benefit will be widely available. Employers will be able to add more efficient machines, such as bigger tractors. These more efficient machines will act to leverage the human labor of the workers. The economy can grow rapidly, without the use of much debt. Figure 2 shows that the world oil price was $20 per barrel in 2020$, or even less, prior to 1974.

Figure 2. Oil price in 2020 dollars, based on amounts through 2019 in 2019$ from BP’s 2020 Statistical Review of World Energy, the inflationary adjustment from 2019 to 2020 based on CPI Urban prices from the US Department of Labor and the average spot Brent oil price for 2020 based on EIA information.

Figure 3 below shows the historical relationship between the growth in US energy consumption (red line) and the dollar increase in US debt growth required to add a dollar increase in GDP (blue line). This chart calculates ratios for five-year periods because ratios for individual years are unstable.

Figure 3. Comparison of five-year average growth in US energy consumption based on EIA data with five-year average amount of added debt required to add $1 of GDP.

Based on Figure 3, the US average annual growth in energy consumption (red line) generally fell between 1951 and 2020. The quantity of debt that needed to be added to create an additional $1 dollar of GDP (blue line) has generally been rising.

According to Investopedia, Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. Notice that there is no mention of debt in this definition. If businesses or governments can find a way to make large amounts of credit available to borrowers who are not very credit worthy, it becomes easy to sell cars, motorcycles or homes to buyers who may never repay that debt. If the economy hits turbulence, these marginal buyers are likely to default, causing a collapse in a debt bubble.

[3] Analyzing Energy Consumption Growth, Debt Growth and Economic Growth for Broader Groupings of Years

To get a better idea what is happening with respect to energy growth, debt growth, and GDP growth, I created some broader groupings of years, based primarily on patterns in Figure 2, showing inflation-adjusted oil prices. The following groupings of years were chosen:

  • 1950-1973
  • 1974-1980
  • 1981-2000
  • 2001-2014
  • 2015-2020

Using these groupings of years, I put together charts in which it is easier to see trends.

Figure 4. Average annual increase in energy consumption for period shown based on EIA data versus average increase in real (inflation-adjusted) GDP for the period shown based on data of the US Bureau of Economic Analysis.

Figure 4 shows that for the US, there has been a general downward trend in the annual growth of energy consumption. At same time, real (that is, inflation-adjusted) GDP has been trending downward, but not quite as quickly.

We would expect that lower energy consumption would lead to lower growth in real GDP because it takes energy of the appropriate kinds to make goods and services. For example, it takes oil to ship most goods. It takes electricity to operate computers and keep the lights on. According to the World Coal Association, large quantities of coal are used in producing cement and steel. These are important for construction, such as is planned in stimulus projects around the world.

Also, on Figure 4, the period 1981 to 2000 shows an uptick in both energy consumption growth and real GDP growth. This period corresponds to a period of relatively low oil prices (Figure 2). With lower oil prices, businesses found it affordable to add new devices to leverage human labor, making workers more productive. The growing productivity of workers is at least part of what led to the increased growth in real GDP.

Figure 5. Dollars of additional debt required to add $1 dollar of GDP growth (including inflation), based on data of the US Bureau of Economic Analysis.

Figure 5, above, is disturbing. It strongly suggests that the US economy (and probably a lot of other economies) has needed to add an increasing amount of debt to add $1 of GDP in recent years. This pattern started long before President Biden’s $1.9 trillion stimulus package in 2021.

To make matters worse, GDP growth in Figure 5 has not been reduced to remove the impact of inflation. On average, removing the impact of inflation reduces the above GDP growth by about half. In the period 2015 to 2020, it took about $4.35 of additional debt to add one dollar of GDP growth, including inflation. It would take about double that amount, or $8.70 worth of debt, to create $1.00 worth of inflation-adjusted growth. With such a low return on added debt, it seems unlikely that the $1.9 trillion stimulus package will increase the growth of the economy very much.

[4] Falling interest rates (Figure 6) are a major part of what allowed the rapid growth in debt after 1981 shown in Figure 5.

Figure 6. 10-Year and 3-Month US Treasury Rates through February 2021, in a chart prepared by the Federal Reserve of St. Louis.

Clearly, debt is more affordable if the interest rate is lower. For example, auto loans and home mortgages have lower monthly payments if the interest rate is lower. It is also clear that governments need to spend less of their tax revenue on interest rate payments if interest rates are lower. Changes made by US President Ronald Reagan when he took office 1981 also encouraged the use of more debt.

A major concern with respect to today’s debt bubble is the fact that interest rates are about as low as they can go without going negative. In fact, the interest rate on 10-year Treasury bonds is now 1.72%, which is higher than the February 2021 average rate shown on the chart. As interest rates rise, it becomes more costly to add more debt. As interest rates rise, businesses will be less likely to take on debt in order to expand and hire more workers.

[5] Interest expense is a major expense of governments, businesses, and homeowners everywhere. Energy costs are another major expense of governments, businesses, and homeowners. It makes sense that falling interest rates can partly hide rising energy prices.

A trend toward lower interest rates was needed starting in 1981 because the US could no longer produce large amounts of crude oil that were profitable to sell at less than $20 per barrel, in inflation-adjusted prices. Lower interest rates made adding debt more feasible. This added debt could smooth the transition to an economy that was less dependent on oil, now that it was high-priced. The lower interest rates helped all segments of the economy adjust to the new higher cost of oil and other fuels.

[6] The US experience shows precisely how helpful having a rapidly growing supply of inexpensive to produce oil could be to an economy.

US oil production, excluding Alaska (blue “remainder” in Figure 7), rose rapidly after 1945 but began to decline not long after hitting a peak in 1970. This growing oil production had temporarily provided a huge boost to the US economy.

Figure 7. US crude oil production, based on data of the US Energy Information Administration.

Up until almost 1970, US oil production was rising rapidly. Figure 8 shows that during this period, incomes of both the bottom 90% of workers and the top 10% of workers increased rapidly. Over a period of about 20 years, incomes for both groups grew by about 80%, after adjusting for inflation. On average, workers were about 4% better off each year, with the rapid growth in very inexpensive-to-produce oil, all of which stayed in the US (rather than being exported). US imports of inexpensive-to-produce oil also grew during this period.

Once oil prices were higher, income growth for both the lower 90% and the top 10% slowed. With the changes made starting in 1981, wage disparities quickly started to grow. There suddenly became a need for new, high-tech approaches that used less oil. But these changes were more helpful to the managers and highly educated workers than the bottom 90% of workers.

Figure 8. Chart comparing income gains by the top 10% to income gains by the bottom 90% by economist Emmanuel Saez. Based on an analysis of IRS data, published in Forbes.

[7] Most of the world’s cheap-to-extract oil sources have now been exhausted. Our problem is that the world market cannot get prices to rise high enough for producers to cover all of their expenses, including taxes.

Based on my analysis, the world price of oil would need to be at least $120 per barrel to cover all of the costs it needs to cover. The costs that need to be covered include more items than an oil company would normally include in its costs estimates. The company needs to develop new fields to compensate for the ones that are being exhausted. It needs to pay interest on its debt. It also needs to pay dividends to its shareholders. In the case of shale producers, the price needs to be high enough that production outside of “sweet spots” can be carried on profitably.

For oil exporters, it is especially important that the sales price be high enough so that the government of the oil exporting country can collect adequate tax revenue. Otherwise, the exporting country will not be able to maintain food subsidy programs that the population depends on and public works programs that provide jobs.

[8] The world can add more debt, but it is difficult to see how the debt bubble that is created will really pull the world economy forward rapidly enough to keep the debt bubble from collapsing in the next year or two.

Many models are based on the assumption that the economy can easily go back to the growth rate it had, prior to COVID-19. There are several reasons why this seems unlikely:

  • Many parts of the world economy weren’t really growing very rapidly prior to the pandemic. For example, shopping malls were doing poorly. Many airlines were in financial difficulty. Private passenger auto sales in China reached a peak in 2017 and have declined every year since.
  • At the low oil prices prior to the pandemic, many oil producers (including the US) would need to reduce their production. The 2019 peak in shale production (shown in Figure 7) may prove to be the peak in US oil production because of low prices.
  • Once people became accustomed to working from home, many of them really do not want to go back to a long commute.
  • It is not clear that the pandemic is really going away, now that we have kept it around this long. New mutations keep appearing. Vaccines aren’t 100% effective.
  • As I showed in Figure 5, adding more debt seems to be a very inefficient way of digging the economy out of a hole. What is really needed is a growing supply of oil that can be produced and sold profitably for less than $20 per barrel. Other types of energy need to be similarly inexpensive.

I should note that intermittent wind and solar energy is not an adequate substitute for oil. It is not even an adequate substitute for “dispatchable” electricity production. It is simply an energy product that has been sufficiently subsidized that it can often make money for its producers. It also sounds good, if it is referred to as “clean energy.” Unfortunately, its true value is lower than its cost of production.

[9] What’s Ahead?

I expect that oil prices will rise a bit, but not enough to raise prices to the level producers require. Interest rates will continue to rise as governments around the world attempt more stimulus. With these higher interest rates and higher oil prices, businesses will do less and less well. This will slow the economy enough that debt defaults become a major problem. Within a few months to a year, the worldwide debt bubble will start to collapse, bringing oil prices down by more than 50%. Stock market prices and prices of buildings of all kinds will fall in inflation-adjusted dollars. Many bonds will prove to be worthless. There will be problems with empty shelves in stores and gasoline stations with no products to sell.

People will start to see that while debt is a promise for the equivalent of future goods and services, it is not necessarily the case that those who make the promises will be able to stand behind these promises. Paper wealth generally can be expected to lose its value.

I can imagine a situation, not too many years from now, when countries everywhere will establish new currencies that are not as easily interchangeable with other currencies as today’s currencies are. International trade will dramatically fall. The standard of living of most people will fall precipitously.

I doubt that the new currencies will be electronic currencies. Keeping the electricity on is a difficult task in economies that increasingly need to rely solely on local resources. Electricity may be out for months at a time after an equipment failure or a storm. Having a currency that depends on electricity alone would be a poor idea.

our finite world

39 Comments on "Headed for a Collapsing Debt Bubble"

  1. jedrider on Sun, 21st Mar 2021 3:17 pm 

    Well, the diagram should have said:

    Rear Wheel: Where rubber meets the road.

    Front Wheel: This is where we’re going, folks.

    Seat: We’re sitting on Debt!

  2. dratrepus davy on Sun, 21st Mar 2021 4:19 pm 


    Just a public service reminder that mating season upon us. They’re aggressive

    Be cognizant of ur surroundings and carry Luke

    Be well among friends here. We’re all lovers of supremacist muzzies

  3. makati1 on Sun, 21st Mar 2021 4:26 pm 

    “I should note that intermittent wind and solar energy is NOT an adequate substitute for oil. It is not even an adequate substitute for “dispatchable” electricity production. It is simply an energy product that has been sufficiently SUBSIDIZED that it can often make money for its producers. It also sounds good, if it is referred to as “clean energy.” Unfortunately, its true value is LOWER than its cost of production.”

    Oops! Not good news for Cloggie, but I totally agree with Gail. Emphasis mine.

  4. IsItWorkingGoodForYouSpyingOnMe on Sun, 21st Mar 2021 6:00 pm 

    Spying on me, my Youtube and google account, ordering a full investigation on me educationn history, work history and son. How is it working out for you. Sharing my personal info with Isabelle Charest, guidounde Guibault, the leader of the block Quebecois and sonia Lebel, Donald Trump, and various US military personel and so on. How is it working for you. I followed all your shit law for 30 year, all you had to do it follow the law like I did and not spying me. You had no validate case to do that.

    I am also starting to believe that you share my personal info with the Russia. Don’t like that at all

  5. dissident on Sun, 21st Mar 2021 6:17 pm 

    That energy vs real GDP graphic indicates long term decline and not “efficiency”. It mirrors the decline in the middle class.

  6. ThisIsMyMessageToGlobalist on Sun, 21st Mar 2021 6:36 pm 

    I understand, I am an old White man over 50 year old. So I am not totally aware of these new woke rules. Here is my understanding of them, since I am a White man, I have White privileges and since I am Whites I am also automatically racist toward everybody:Asians, negro, sand nigger, … This is also known in woke language as Whites being systemic racissxt. Here is my solution to deal with these.

    I can now relax, knowing that women, negro and brown shit diversity have the peak oil situation under control. I would never dare to use my White privileges. So this is why I will stay quiet and not do anything nor will I participate to this new civilization. I will sit back and let the negro, women and brown shit diversity, gooks all the room they need by not participating in anyway.

    This is fair solution proposed by a Whites man.

    What is happening in Singapore, they all look like children. Do they have taken over the government. This all look like lost small children

  7. dratrepus davy on Sun, 21st Mar 2021 11:02 pm 


    watch stamp sized cuntry do face diaper

  8. Cloggie on Mon, 22nd Mar 2021 3:19 am 

    “I should note that intermittent wind and solar energy is NOT an adequate substitute for oil. It is not even an adequate substitute for “dispatchable” electricity production. It is simply an energy product that has been sufficiently SUBSIDIZED that it can often make money for its producers. It also sounds good, if it is referred to as “clean energy.” Unfortunately, its true value is LOWER than its cost of production.”

    Oops! Not good news for Cloggie, but I totally agree with Gail. Emphasis mine.

    I know that makati is mightily impressed by opinions from dull bean counters like Tverberg, not hindered by any formal energy education whatsoever. This energy laywoman is still stuck in the old-school 2005 peak oil movement. At least Richard Heinberg has had the brains to move on. Tverberg is incapable of learning anything new. She thinks that the truth about physics is somewhere hidden in her accounting statistics. It isn’t. When it comes to energy, Americans are simply irrelevant. Missed the boat completely. They rose geopolitically on oil and gas and will go under when oil and gas run out. One trick ponies.

  9. dratrepus davy on Mon, 22nd Mar 2021 7:18 am 


    feel relaxed among friends, we’re all supremacist muzzies lovers

    it’s ok to love muzzies but to be friend, u protect your neck. just wrap steel sheets around it, the more layers the better

  10. DontForgetYourAdrenochromePedoLego on Mon, 22nd Mar 2021 12:58 pm 

    Canada and Quebec garbage politicians are having a press conference. Did you take your adrenochrome today, pedo lego.

  11. DontForgetYourAdrenochromePedoLego on Mon, 22nd Mar 2021 1:44 pm 

    Look at this below:

    Look like some people talking are deep fake. If you don’t know what deep fake is, search for it in youtube. If you want more info about GITMO and adrenochrome go to bitchute and search for it. Read the comments. YouTube is deep state.

    You have to be from the devil to torture young kids below 10 year old and think nothing of it.

  12. ThisWorldIsNotWhatYouThinkItIs on Mon, 22nd Mar 2021 2:22 pm 

    This is Hollywood for you. Narcissist people look for constant attention. They sold their soul to the devil in return for attention and face. Look below and jump to 2:19 In return the devil give them access to kids below 10 year to torture for adrenochrome. This world is not what you think it is. In Quebec we also have a stars system around the Pelado family.

    Nobody should touch and torture the little ones.

  13. YouDeserveDeathFuckingAdenochromeConsumer on Mon, 22nd Mar 2021 2:51 pm 

    Legault is a deep fake. Look at 28:45
    Look at the demarcation between the left bottom of his face and the collar of his suit.
    Hopefully this piece of shit garbage has been executed for crimes against humanity: babies torture and drinking babies blood and pedophilia. same with François-Philippe Champagne. He looks like a deep fake

  14. LookSomeMoreDeepFake on Mon, 22nd Mar 2021 2:54 pm 

    Go to 34:21 for my confimation of deep fake.

  15. IAgreeWithYouSir on Mon, 22nd Mar 2021 2:56 pm 

    OutcastPhilospher: The Biden regime is starting to leak the details of a 3 Trillion dollar infrastructure plan. Going to be an epic disaster. National Debt will be 50 Trillion in no time. Not that it even matters, the whole thing is a straight up scumbag operation from top to bottom. In your face criminal finance being ran by demented people, insane people, psychopaths, sociopaths, pedophiles, ponzi scheme operators, liars, thieves, murderers, etc.


    Indeed, I fully agree

  16. CabalIsBeingDismatle on Mon, 22nd Mar 2021 4:22 pm 


    “Armageddon” is so pitifully naive that he never noticed that NWO already occurred right under his silver tipped nose.


    This was true in past when the Rothschild, the Vatican and pope were alive. Trump and the US Military took care of that.

    Full Document – Human Rights Tribunal International vs. The Rothschild Family

    My understand is the cabal is being dismantled by a alliance of nation around the world

  17. ThisWorldIsNotWhatItSeems on Mon, 22nd Mar 2021 4:31 pm 

    Canada is not a common law nation. THis is why Julie Payette the general governor and represenat of queen as resign. All the royal of England are dead, so the rothschild familly and many more. The pedophile/adrenochome network is being shut donw by an alliances of nation from all around the world. We don’t need to borrow money from the Rothshcild familly anymore.

  18. IMadeAMistake on Mon, 22nd Mar 2021 4:35 pm 

    I mean Canada is now a nation of common law, it is not a possession of the Queen of England anymore. My mistake I mean Canada is now a nation of common law instead of Canada is not a common law nation.

    I cannot find the list of people that were executed of arrested anymore. It was on the web but it has disapers.

  19. IAmMentallyInsane on Mon, 22nd Mar 2021 6:49 pm 

    I need to get off internet. I am becoming mentally insane.

  20. makati1 on Mon, 22nd Mar 2021 6:49 pm 

    Cloggie, better a “dull bean counter” then a delusional Netherlander who lives in a techie dream world and is likely into heavy drugs.

  21. SpaceStationIsFake on Mon, 22nd Mar 2021 7:22 pm 

    Plot twist; we all are already living on earth 2.0 but have been imprisoned in tiny area and lied to, for experimenting and other “purposes.”

  22. HollywoodAndPoliticiansArePedo on Mon, 22nd Mar 2021 9:10 pm 

    Peter Parker Meets Tony Stark Scene | Captain America Civil War (2016) Movie CLIP 4K

    this scene hidden message: adrenochrome, child molestations. robert downey’s black eye and peter parkers pizza on shirt

  23. Cloggie on Tue, 23rd Mar 2021 3:29 am 

    The good news is: the global car companies will collapse as well:

    “Unclear Where all the Lithium Will Come From”

  24. Cloggie on Tue, 23rd Mar 2021 3:43 am 

    Dedicated to Gail Tverberg:

    “World’s Largest Offshore Wind Turbine | V236-15.0 MW | Vestas”


  25. Biden's hairplug on Tue, 23rd Mar 2021 8:51 am 

    This just in: US announces 3 trillion new debt, increasing the debt load from 28 to 31 trillion or 150% GDP:

    Italy is at 155%, but at least has a surplus economy.

    One wonders how many in the world still like to see the dollar as the reserve currency of choice.

    Spending target 3T: climate and income equality, read: wealth transfer from white to black, probably sold as “reparations”:

  26. ErinOStooAnotherGarbagePolitician on Tue, 23rd Mar 2021 10:37 am 

    I dislike Erin O’Stool of the conservative party. Another garbage piece of shit politicians. They are all garbage no matter what party.

  27. FuckingUselessLoserPoliticians on Tue, 23rd Mar 2021 11:10 am 

    Look at the piece of shit and garbage from NATO. Look at the body language, typical narcissist and sociopath that are now in position of power. These piece of trash are everywhere. We have a real epidemic of narcissism. Same with Erin O’stool another trash and garbage.

    Notice Stoltenberg face. He look like a consumer of baby bloods or adrenochrome. Typical of Europe, pedantic and narcissist governing class.

    Also typical of Europe, the metro sexual man. He think like a women. Another fucking loser that have everything to lose if the system changes and he loses his position of power. He has no real life skill and will probably become a loser once the system collapse.

  28. PoliticiansAreHumanTrash on Tue, 23rd Mar 2021 11:22 am 

    These cocksucker from China and Russian. Globalism and international trade will die with peak oil and economies will become continental. For example. Asian ( one economical block), North America South America (another economical block) and so on.

    International trade will die because maritime cargo shipping will die. There won’t be enough fuel to run big container shisp like these. I think it is pretty obvious. Politicians are just stupid low IQ, trash and worthless garbage. They are the bottom of the human race.

    Globalist is possible because of these. See below. No oil on continental economies.

  29. OStoolIsTooStupidToRunALemondadeStand on Tue, 23rd Mar 2021 11:54 am 

    This piece of dog shit and dog vomit that Erin O’Stool is, beleive in CANZUK. What a stupid piece of shit he is. CANZUK means that trade will likely be done using container maritime shipping. Container maritime shipping won’t exist because of lack of oil. This is O’Stool for you. Another low IQ piece of shit that does not have basic reasoning skills. I am talking about basic reasoning skills here, not applied thermodynamic analyses or studying air flow around an airplane wing.

    I will never work with that low IQ piece of shit. He is too stupid

  30. PeopleHereIsPedoLegault on Tue, 23rd Mar 2021 12:00 pm 

    Look we have another piece of shit and pedo that is about to talk: pedo lego. Don’t you torutue abies with Peladeau and Julie Synder, and Veronique Cloutier. You see to have a good frienship with them. Another fucking loser

  31. StupidGarbagePoliticians on Tue, 23rd Mar 2021 12:51 pm 

    Again this is basic reasoning skills. You don’t spy on someone that you like. It sends a message of distrust. Especially when it is done by a nation like the US that have long history of cheating, lying, deceiving and manipulating. Again this is just basic reasoning skill that all politicians don’t see to have. We are not talking about thermal mathematical analysis on a engine block to find weak points. We talking about basic reasoning skill here that you don’t see to have.

  32. BlinkenAnotherMetroSexualLoser on Tue, 23rd Mar 2021 1:18 pm 

    Blinken another cuck sucking jews with low moralityh like almost all the jews in postions of power. Same as Stoltenberg. Another metro sexaul/gay man. He think like a women. Another fucking loser that have everything to lose if the system changes and he loses his position of power. He has no real life skill and will probably become a loser once the system collapse.

  33. OutcastPhilosopher on Tue, 23rd Mar 2021 5:45 pm 

    They are all mostly homosexuals and pedophiles at the highest positions. Blackmailed by the intelligence services so that they toe the line.

  34. Theedrich on Wed, 24th Mar 2021 1:44 am 

    Aggravating everything is the political tyranny. For a serious discussion of this sinister power grab, see

  35. Cloggie on Wed, 24th Mar 2021 3:25 am 

    Greentech Media closes shop:

    More signs that the US will NOT be at the forefront of the renewable energy transition, but is stuck in past oil & gas glory.

    You only have to read the majority of the commenters here, to know that for a fact. Renewable energy skepticism rules the day.

  36. Biden's hairplug on Wed, 24th Mar 2021 4:55 am 

    The End of Great-Britain comes a step closer:


    “MSPs vote against motion of no confidence in Nicola Sturgeon”

    The Scottish nationalist PM and pro-European Nicola Sturgeon has survived inquiries and a vote of no-confidence, strengthening her position in Scottish politics and her bid at Scottish independence.

    An independent Scotland could very well thrive within the EU, following the example of that other “Celtic Tiger” Ireland, once a country known for too much whiskey and too few potatoes, but now one of the richest countries in Europe, thanks to membership of the single market, euro currency, US direct investment, resulting from English as the national language. These conditions could apply to Scotland as well, that was an independent country between the end of the Roman Era and the Dutch invasion of the British Isles in 1689 (“Glorious Revolution”)

    Controversial Orange March in Edinburgh, with “Orange” referring to the House of Orange, the Dutch royal dynasty, that added Scotland and Ulster to London power center. All signs are that the Glorious Revolution is going to be reversed in the wake of Brexit, with Scotland, Ulster and Gibraltar and perhaps even Wales and London going Europe-direct.

    The breakup of the UK could trigger other breakups in Europe, most of all Belgium, Spain and Italy and perhaps even Germany & France, strengthening the hand of Brussels, leading to the United States of Europe, the coming premier geopolitical address in the world, certainly if Russia, Belarus and Ukraine, Armenia and Georgia are added to the mix. Expect England to come to its senses and eventually sign up, at least for the Common Market.

    Thank you, monsieur Farage, for making this possible!

  37. makati1 on Wed, 24th Mar 2021 4:17 pm 

    “Renewable energy skepticism rules the day.”

    Fact NOT skepticism, Cloggie. We missed the “renewables” possibility long ago when capitalism took hold. Psychopathic greed rules now, and will until the end. Denial changes nothing.

  38. Theedrich on Thu, 25th Mar 2021 9:43 am 

    Madness: repeating Marx, expecting a new result. The cattle, of course, are incapable of learning.  And offering candy to children always empowers the offerers.  Which is the true reason for the Stalinist promises by Democrats, especially when many Republicans and others are incapable of seeing beyond their own greed and could not care less.

    “It will be different this time,” say the neo-communists.  “We have a new, magic elixir.  Give us absolute power and you will have heaven on earth.  And we will crush the evil White race.  You have nothing to lose but your chains.”  And see how well the newest repetition in Venezuela turned out.

    Now that BIDΞN the Devious will try to import 42 million Spics in order to virtue-signal how humane he is (see “42 Million People From Latin America Want To Migrate To USA” at, we can expect unlimited candy and heaven.

    And understand, stupido:  there’s no crisis at the border.  Only nice li’l chillun.

    Yes.  And the cosmos was created in seven 24-hour days.

  39. Cloggie on Fri, 26th Mar 2021 4:00 am 

    “Tiny Houses”, better than Mom’s basement or sleeping under a bridge:

    They are emerging everywhere in the Netherlands too:

    “Fact NOT skepticism, Cloggie. We missed the “renewables” possibility long ago when capitalism took hold. Psychopathic greed rules now, and will until the end. Denial changes nothing.”

    OK, so it is possible in principle after all, but it is just that we are too late, “capitalism and all”.


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