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End of the World?

End of the World? thumbnail

Claims ring saying that human-caused climate change will soon make the Earth unlivable, but other similar claims have been made in the recent past that have turned out to be false. The photo at right, from AP, shows a 1970 Earth Day event in Philadelphia.

 

“Millennials and people and you know Gen Z and all these folks that come after us are looking up, and we’re like, ‘The world is going to end in 12 years if we don’t address climate change, and your biggest issue is — your biggest issue is how are we gonna pay for it?’” This rhetorical — some would say hysterical — question was posed by Representative Alexandria Ocasio-Cortez (D-N.Y.) during an interview at a January 21 event in New York City honoring Martin Luther King, Jr.

Taking her at her word, the 29-year-old lawmaker really believes that anthropogenic (man-made) global warming will destroy our planet by the time she reaches middle age, unless drastic measures are immediately undertaken to head off the impending disaster. That, of course, is why she is frantically imploring America to buy into her “Green New Deal” without fretting about the cost. AOC’s “deal” calls for a “10-year national mobilization” effort to (among other drastic actions) meet “100 percent of the power demand in the United States through clean, renewable, and zero-emission energy sources” — meaning zero percent from oil or natural gas. It also requires “upgrading all existing buildings in the United States” to maximize their energy efficiency.

No one could credibly accuse AOC of not thinking big. “Like this is the war,” she said in her January 21 interview. “This is our World War II.”

AOC believes that she and her fellow “millennials … and you know Gen Z” understand the urgency of launching an all-out mobilization effort to combat climate change. They get it — but the older generations, not so much. After all, they will inherit the mess older Americans leave behind. “I’m 29 and I know that this is going to be the world that we’re going to have to deal with — that we’re going to have to live in,” the esteemed representative said at a New York Hall of Science event on February 22. “And with all due respect to my colleagues, but especially in like the Republican Party, it’s like you’re not going to have to live with this problem. You’re just, I’m sorry.”

There is no doubt that millions of millennials and Generation Z-ers honestly believe that an environmental doomsday is fast approaching. Yet how many of them realize that dire “end of the world” predictions have been around for a long time, and have been given a lot of credibility and widely circulated, long before the millennials, let alone post-millennials, were even born? Very few, to be sure. In fact, it is reasonable to ask if AOC knows this herself. AOC may feel “sorry” for pointing out that aging Republicans are “not going to have to live with” what she perceives to be catastrophic climate-change, but she should feel sorry for her lacking the understanding that both witnessing and studying the past can bring.

An Earth Day in the Life

This writer was in high school during the original Earth Day, which was held on April 22, 1970, more than 19 years prior to Ocasio-Cortez’ birth. During the buildup to that big event, I received from my biology teacher a copy of The Environmental Handbook: Prepared for the First National Environmental Teach-in, as “Earth Day” was then called. Published by Ballantine Books and edited by Garrett de Bell, the Handbook was comprised of a collection of essays warning against environmental devastation and served as an Earth Day manifesto. “1970’s — THE LAST CHANCE FOR A FUTURE THAT MAKES ECOLOGICAL SENSE,” the Handbook blasted on its back cover. Inside, a prologue claimed: “At most we have a decade to deal with some of the problems. In many cases we have already damaged the environment beyond repair.”

The book foretold the fall of man because of man’s devastating effect on the environment through deforestation, overgrazing, pesticide use, land overuse, air and water pollution, overpopulation, and more.

“At most … a decade”? Those words were published in January of 1970. But a decade is two years less than we now have left according to AOC and her fellow alarmists as of the beginning of 2019, almost half a century later.

Nor was this warning unique for the time period. In 1969, Dr. Paul Ehrlich, a biology professor at prestigious Stanford University, wrote an article in the September issue of Ramparts entitled “ECO-CATASTROPHE!” In this article, an editor’s note explains, Ehrlich “predicts what our world will be like in ten years if the present course of environmental destruction is allowed to continue.” In his scary scenario, Ehrlich forecast “the end of the ocean.” “By September, 1979,” he wrote, “all important animal life in the sea was extinct. Large areas of coastline had to be evacuated, as windrows of dead fish created a monumental stench.”

“But,” Ehrlich added in what may now be recognized by all as a fanciful story, “stench was the least of man’s problems. Japan and China were faced with almost instant starvation from a total loss of seafood on which they were so dependent. Both blamed Russia for their situation and demanded immediate mass shipments of food. Russia had none to send.”

Ehrlich completed his 1969 essay by claiming: “Man is not only running out of food, he is also destroying the life support systems of the Spaceship Earth. The situation was recently summarized very succinctly: ‘It is the top of the ninth inning. Man, always a threat at the plate, has been hitting Nature hard. It is important to remember, however, that NATURE BATS LAST.’” (Emphasis in original.) Ehrlich’s scenario got plenty of game time during the buildup to Earth Day 1970, since it was one of the articles included in The Environmental Handbook.

Doom Dished Up

Before and after the first Earth Day, as is the case today, doomsayers warned about the perils of climate change, though back then the fear was that man’s pollution would usher in a new ice age as opposed to global warming. They also warned about other environmental threats, including overpopulation and the depletion of natural resources. Let’s take a look at some of the alarmist predictions “experts” have made about these three concerns in particular at various points in time.

Overpopulation: We begin our brief survey with the issue of overpopulation, since Ehrlich and other eco-alarmists reason that the Earth is a “spaceship” with limited resources, and more people means more depletion of resources, as well as more environmental devastation. As Paul Ehrlich put it in his 1968 book The Population Bomb: “Too many cars, too many factories, too much detergent, too much pesticide, multiplying contrails, inadequate sewage treatment plants, too little water, too much carbon dioxide — all can be traced easily to too many people.” (Emphasis in original.) Ehrlich’s Population Bomb turned out to be a bestseller so far as sales were concerned, but a bust regarding his failed forecasting. In his 1968 book, he wrote: “The battle to feed all of humanity is over. In the 1970’s the world will undergo famines — hundreds of millions of people are going to starve to death in spite of any crash programs embarked upon now. At this late date nothing can prevent a substantial increase in the world death rate, although many lives could be saved through dramatic programs to ‘stretch’ the carrying capacity of the earth by increasing food production. But these programs will only provide a stay of execution unless they are accompanied by determined and successful efforts at population control.”

Ehrlich defined population control as “the conscious regulation of the numbers of human beings to meet the needs, not just of individual families, but of society as a whole.” He called abortion “a highly effective weapon in the armory of population control.”

Another biologist, Garrett Hardin of the University of California at Santa Barbara, warned in an article published in the December 13, 1968 issue of Science and later incorporated into The Environmental Handbook, “No technical solution can rescue us from the misery of overpopulation. Freedom to breed will bring ruin to all.” Handbook editor de Bell recommended not merely halting population growth but reducing the Earth’s “current three and a half billion people to something less than one billion people.”

Climate change: Newsweek warned in its April 28, 1975 edition: “There are ominous signs that the earth’s weather patterns have begun to change dramatically and that these changes may portend a drastic decline in food production…. The drop in food output could begin quite soon, perhaps only ten years from now.” But the “ominous signs” Newsweek was reporting were supposedly early effects of global cooling, not global warming. In an article entitled “The Cooling World,” Newsweek noted: “After three quarters of a century of extraordinarily mild conditions, the earth’s climate seems to be cooling down,” adding that meteorologists “are almost unanimous in the view that the trend will reduce agricultural productivity for the rest of the century. If the climate change is as profound as some of the pessimists fear, the resulting famines could be catastrophic.”

The global-cooling scare of the 1970s has long since been replaced by the global-warming scare. On June 29, 1989, just a few months before AOC’s birth on October 13 of that year, the Associated Press reported in a story entitled “U.N. Predicts Disaster if Global Warming Not Checked”:

A senior U.N. environmental official says entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend is not reversed by the year 2000.

Coastal flooding and crop failures would create an exodus of “eco-refugees,” threatening political chaos, said Noel Brown, director of the New York office of the U.N. Environment Program, or UNEP.

He said governments have a 10-year window of opportunity to solve the greenhouse effect before it goes beyond human control.

Depletion of resources: On April 18, 1977, President Jimmy Carter gave a major energy address in which he claimed that “we are now running out of gas and oil” and that “we could use up all the proven reserves of oil in the entire world by the end of the next decade” — that is, the end of the 1980s.

At the time, many “experts” believed that the United States had passed “peak oil” production in 1970. But after a dec-ades-long decline, U.S. oil production has rebounded spectacularly. In fact, as The New American recently reported, the United States is expected to “surpass Saudi Arabia later this year in exports of oil, natural gas liquids, and other petroleum products, such as gasoline” — a dramatic turn of events that few could have imagined in the 1970s when our country was dangerously dependent on foreign oil for our energy needs.

Oil was not the only resource that would supposedly be depleted long before today as a consequence of consumption combined with growing population. Meteorologist Anthony Watts, founder and editor of the popular climate website WattsUpWithThat.com, assembled a large number of embarrassing forecasts in his 2013 article “Great Moments in Failed Predictions.” Regarding “exhaustion of resources,” Watts noted:

• In 1865, Stanley Jevons (one of the most recognized 19th century economists) predicted that England would run out of coal by 1900, and that England’s factories would grind to a standstill….

• In 1939 the US Department of the Interior said that American oil supplies would last only another 13 years.

• [A] 1944 federal government review predicted that by now the US would have exhausted its reserves of 21 of 41 commodities it examined. Among them were tin, nickel, zinc, lead and manganese.

Watts also pointed to the Club of Rome’s 1972 Limits to Growth report, which used computer simulation to project when finite resources would be depleted as a result of growing population and consumption. As summarized by Watts, the study “projected the world would run out of gold by 1981, mercury and silver by 1985, tin by 1987, zinc by 1990, petroleum by 1992, and copper, lead and natural gas by 1993. It also stated that the world had only 33-49 years of aluminum resources left, which means we should run out sometime between 2005-2021.”

* * *

Admittedly, the failure of past predictions of eco-catastrophe does not necessarily mean that current or future predictions will fail as badly. But knowledge of these failures should at least cause AOC and her fellow Chicken Littles to take a deep breath and ask themselves: “Should we really radically transform America via the ‘Green New Deal,’ regardless of the cost, based on the assumption that the world will end in 12 years if we don’t?” There is plenty of evidence showing that man-made climate change is a non-problem, and we encourage anyone concerned about climate change to take a hard look before proclaiming the end is near.

thenewamerican.com



78 Comments on "End of the World?"

  1. Gaia on Wed, 24th Apr 2019 12:27 pm 

    The only time when our world will end is when the Sun becomes a red giant. This will happen billions of years from now and we might not be around to see the end of the world.

  2. R.G. on Wed, 24th Apr 2019 1:40 pm 

    Life is short- you only live once.

  3. Robert Inget on Wed, 24th Apr 2019 4:19 pm 

    Thawing permafrost in the Arctic will accelerate global warming and could add $70 trillion to the world’s climate change bill, according to a new Nature Research study.

    The report claims that a feedback mechanism, along with the failure of countries to live up to the Paris Climate Agreement goals and the loss of heat-deflecting white ice — will cause an almost 5 percent increase of global warming.

    That scenario could push up the global cost of climate change to $70 trillion between now and 2300, according to the study, which was published in Nature.

    In addition, researchers say the $70 trillion figure is 10 times higher than any projected benefits from the melting Arctic, such as access to minerals or better ship navigation routes.

    For comparison, the United States nominal GDP, representing the value of all the goods and services, is estimated to top $20 trillion this year. The European Union’s GDP was $18.8 trillion last year, representing more than one-fifth of the global economy.

    Scientists have warned for years that an increasingly warm climate will have global consequences that could include rising sea levels, powerful hurricanes and more widespread wildfires and droughts.

    “It’s disheartening that we have this in front of us,” Dmitry Yumashev of Lancaster University told The Guardian. “We have the technology and policy instruments to limit the warming but we are not moving fast enough.”

  4. Dredd on Wed, 24th Apr 2019 5:34 pm 

    Its everywhere (Countries With Sea Level Change – 4).

    Try “end of civilization” … it happens every time one shows up:

    “In the Study Toynbee examined the rise and fall of 26 civilizations in the course of human history, and he concluded that they rose by responding successfully to challenges under the leadership of creative minorities composed of elite leaders. Civilizations declined when their leaders stopped responding creatively, and the civilizations then sank owing to the sins of nationalism, militarism, and the tyranny of a despotic minority.”

    (How To Identify The Despotic Minority).

  5. Gaia on Wed, 24th Apr 2019 5:38 pm 

    Climate change is affecting people in all nations. Climate change “skeptics” are trying to discredit scientists by spreading misinformation.

  6. makati1 on Wed, 24th Apr 2019 8:28 pm 

    Reality for Green Dreamers: “That’s a goal you could only imagine possible if you have no idea how energy is produced,” James Meigs, former editor of Popular Mechanics magazine, says in my latest video.”

    https://www.theburningplatform.com/2019/04/24/green-dreams/#more-195495

    The techie dreamers will not read this and the realists will say “I told you so!”. ^_^

  7. Theedrich on Wed, 24th Apr 2019 10:26 pm 

    Good to know the real ID of Sunspotty, Davy.  His 19th-century materialism is the reason for his gross fatuity.  If he knew a fraction of what he implies, he would have read Misner, Thorne and Wheeler’s Gravitation (S.F.: W.H. Freeman & Co., 1970-71), especially (or at least) the final chapter, in which they discuss the possibility of a transcendent, non-material logic for the cosmos.  But of course — like Richard Dawkins who refuses to investigate the clear evidence for the paranormal —, juanpee thinks he “knows” that there could be nothing but matter in existence.  Never mind that even the explicatory powers of general relativity break down in black holes and before the Big Bang.

    To start, we must begin with consciousness and the fact that the brain and mind are not identical.  This is the basis for all discussion and controversy about materialism versus spirituality.  Countless experiments and discoveries by brain scientists have shown that human intelligence and thought, though interdependent with the physical brain, are not the same thing.  A good, though still inadequate, analogy is that of information-carrying radio waves (i.e., electromagnetic waves) and a physical radio transceiver which both receives and transmits such waves.  If the transceiver is weak, faulty or damaged, the message it receives or transmits will suffer accordingly.  Similarly, if a brain is less developed, somehow damaged or disoriented, its thought and perception will suffer.

    Any serious investigation of consciousness must also include the matter of telepathy.  Due to ideological ossification, many people of science, fearing damage to their reputations or cognitive dissonance with their other beliefs, officially deny the existence or possibility of telepathy and the paranormal in general.  But dispassionate and serious research into the question will reveal that there is indeed such “etheric” communication between similar brains and physiologies of humans, and also between those of other life forms.  And this kind of communication must depend upon an immaterial — indeed “metaphysical” — substrate of self-consistent, hence rational (logical), nature.  In other words, upon a Mind or mental dimension.  Unfortunately, there is so much emotion invested in various sides of the materialism-spiritualism debate that the result is usually fruitless stalemate.

    The mere fact of such “telepathic” communication between the logico-mathematical cosmos of spacetime and the realm of universal, ratiocinative Mind, however, leads to the conclusion that the latter, as a cosmic inframind, must have played some role in the creation and evolution of the cosmos and of life.  Further, this entails the probability that, under suitable conditions on suitable planets, said inframind would express itself in the kind of exquisite, information-bearing molecular configurations we discover even in the most primitive biological structures.

    The course of biological evolution on this earth, despite multiple extinction events due to repeated catastrophes, is most succinctly described as evolutionary epistemology.  That is, life is a quest for information — for knowledge about the structure and nature of its environment.  Failure to advance in this quest leads to stagnation and extinction, as seen in the evolutionary record.  Among humans, science — the endeavor to learn ever more about nature — is the continuation of this epistemological process.

    All human societies have tried to grapple with the difficult psycho-social question of the “Utterly Different” (das ganz Andere, to use Rudolf Otto’s term).  This attempt is what has led to what is usually called “organized religion,” which has historically usually been mixed in and confused with politics in advanced societies.  Despite these contaminating admixtures, Christianity, building on the beginnings of Graeco-Roman philosophy and logic, and despite many false steps and burnings at the stake, yet more than other faiths such as Islam or Buddhism, led to advances in the physical sciences.  Whence emerged our modern world — with quantum mechanics, relativity theory, and nuclear weapons.

    But because of the abuses of the technological fruits of science, many peoples, not just Western ones, are now endangering the life-support systems of the planet.  Regrettably, many Westerners have turned their backs on science and learning, preferring to regress emotionally into infantile states they regard as “morally” superior.  Others seek political power by advocating unrealistic utopias as blueprints for the West.  These and similar approaches run counter to the basic plan of evolutionary epistemology on which life is built.  And they promise the same deadly results as other failures to follow the epistemological thrust underlying nature from the beginning.

  8. Cloggie on Wed, 24th Apr 2019 10:31 pm 

    The eloquent, realistic, upbeat, sophisticated, right-wing voice, as expressed by a Russian woman:

    https://youtu.be/_CfMvsU11ao

    This pan-Europeanism will replace globalist Anglo-Zionist liberalism. It is continental European, but stretches into North-American territory and is fluent in English.

    This is the future. Not George Soros, not even DJT, not Farage, not Alex Jones.

    This.

  9. Anonymouse on Thu, 25th Apr 2019 12:47 am 

    Dont be so thick Thee. Sunspot is not JuanP. Delusioanl Davy is a mental case, if you were not aware and his latest tick is to call anyone expressing thoughts the exceptionalturd finds distressing or unsettling, JuanP. There are a few exceptions to this rule of his, but Davy Dumbass sees JuanP pretty much everywhere these days, literally. It is not a ‘good’ sign, his judgement is as shaky as his sanity.

    Its called mental illness, and the Davytard here, is a code-red nutcase. No need to feed his psychosis, he has enough problems dealing with reality as it is.

  10. makati1 on Thu, 25th Apr 2019 1:50 am 

    “Europe’s Ugly Future”

    ““All talk of gradual moves toward political union and toward ‘more Europe’ are not first steps toward a European democratic federation but, rather, and ominously, a leap into an iron cage that prolongs the crisis and wrecks any prospect of a genuine federal European democracy.”

    Thus, one is forced to conclude that short of a catastrophic economic crisis, Europe can do little more than continue to muddle through in a self-induced state of austerity, thereby undermining its future prospects and global standing.”

    https://www.foreignaffairs.com/reviews/review-essay/2016-10-17/europe-s-ugly-future

    I have only seen regression since this was written, both in the EU and the US. The West is becoming 3rd world all over. But it is fun to watch from sunny shores, 10,000 miles away.

  11. Cloggie on Thu, 25th Apr 2019 2:55 am 

    ““Europe’s Ugly Future””

    Ah, an “Hungarian immigrant” with opinions about Europe. Five years ago he wrote this:

    http://www.princeton.edu/~amoravcs/library/quiet.pdf

    The Quiet Superpower

    Half a century from now, we may find that Europe’s brand of ‘soft’ leadership trumped America’s military dominance

    Or contributed to this:

    https://en.m.wikipedia.org/wiki/European_Union_as_an_emerging_superpower

    “European Union as an emerging superpower“

    But like most official Anglos, he is unable to imagine the rise of the right, the possibility of a “Europe of the Fatherlands” alliance, including Russia and unable to foresee the demise of the US on racial grounds.

    Instead he whines about the euro and austerity, second rate financial categories.

    Meanwhile in Europe…

    https://www.rt.com/news/387313-us-losing-leadership-eu-mogherini/

  12. makati1 on Thu, 25th Apr 2019 3:30 am 

    “Some do not believe that the EU will achieve superpower status. “The EU is not and never will be a superpower” according to the former UK Secretary of State for Foreign and Commonwealth Affairs David Miliband.[22] EU parliamentarian Ilka Schroeder argues that conflicts such as the Israeli–Palestinian dispute see close EU involvement largely to compensate for European inability to project military power internationally.[23]

    The Economist’s Robert Lane Greene notes that the lack of a strong European military only exacerbates the lack of unified EU foreign policy and discounts any EU arguments towards superpower status, noting especially that the EU’s creation of a global response force rivaling the superpower’s (United States of America) is “unthinkable.”[24] “The biggest barrier to European superpowerdom is that European elites refuse to bring their postmodern fantasies about the illegitimacy of military ‘hard power’ into line with the way the rest of the world interprets reality” according to Soren Kern of Strategic Studies Group.[25]

    Britain’s Michael Howard has warned against the “worry” that many Europeans are pushing for greater EU integration to counterbalance the United States,[26] while Europe’s total reliance on soft (non-military) power is in part because of its lack of a “shared identity.”[27] While to some the European Union should be a “model power” unafraid of using military force and backing free trade, its military shortcomings argue against superpower status.[28]

    George Osborne, the British Chancellor of the Exchequer at the time, has also pointed to what he saw as an economic crisis of the European Union. In 2014, Osborne said: “The biggest economic risk facing Europe doesn’t come from those who want reform and re-negotiation. It comes from a failure to reform and renegotiate. It is the status quo which condemns the people of Europe to an ongoing economic crisis and continuing decline.” Osborne also said that the EU is facing growing competition with global economic powers like China, India and the US, and the European Union should “reform or decline.” WIKI you refer to. LOL

  13. Davy on Thu, 25th Apr 2019 4:38 am 

    “The techie dreamers will not read this and the realists will say “I told you so!”. ^_^”

    Makato, your comment was pretty lame with limited content from your extremist reference and more one liners. Renewables are doing incredible things and you dismiss this which shows you know little about energy. I agree that the tech dream of a 100% renewable world may be pushing the envelope of reality but a transformed energy system of between 40%-60% is very real. This might make a deep adaptation possible to a world that will surely decline to much less than what we have today.

  14. Davy on Thu, 25th Apr 2019 4:54 am 

    “There are a few exceptions to this rule of his, but Davy Dumbass sees JuanP pretty much everywhere these days, literally. It is not a ‘good’ sign, his judgement is as shaky as his sanity.”

    Annoymouse, junapee is not around much lately. LOL. I think he is another one of your friends that has gone AWOL. Pretty soon you will have nobody to call a gang member. Your have not posted a comment in months, annoy. All you do is your daily stalking. You are a sad Kanadian creature but now we have Gaia which is a fine example of Kanadian intellect to replace you.

  15. Davy on Thu, 25th Apr 2019 5:00 am 

    “I have only seen regression since this was written, both in the EU and the US. The West is becoming 3rd world all over. But it is fun to watch from sunny shores, 10,000 miles away.”

    Makato, your Asia is a mess too but you are blind to this. I don’t think I have ever seen you reference anything negative for Asian. That tells us something about your intellectual honesty. Asia is going into the shitter with the rest of the global powers. No nation or region is truly healthy because all are today interdependent with an unhealthy global system. Europe is in the worst position economically today but Asia and the US are close and suffering similar factors of decline.

  16. Davy on Thu, 25th Apr 2019 5:12 am 

    “The Quiet Superpower”
    “European Union as an emerging superpower“

    Cloggo, it was all good when Europe was in dynamic growth of the 80’s and 90’s. You had 20 years of fantastic change but since the 08 financial crisis it has become a struggle. Europe is now a mess and suffering growing pains. Debt distortions are huge and ideology is ripping the continent apart. Europe has no common army and diverging in political directions which nixes superpower status. Bexit and Italy are proving huge challenges. Still Europe has much to brag about but nothing like cloggo hypes daily. Europe is a leader in renewables which is a beacon for the world. That is something to talk about, cloggo. PBM is a fantasy and the way you talk about it, a joke.

  17. Gaia on Thu, 25th Apr 2019 1:52 pm 

    Low-income Americans, Canadians and Europeans are suffering because of AUSTERITY imposed upon them by their “democratic” governments. This makes me sick.

  18. Duncan Idaho on Thu, 25th Apr 2019 2:00 pm 

    ONLY IF THE FAA BANS BURRITOS IN COACH
    https://vvattsupwiththat.blogspot.com/2019/04/only-if-faa-bans-burritos-in-coach.html

  19. makati1 on Fri, 26th Apr 2019 5:12 am 

    For the Sinophobes on this site:

    “New missile gap leaves U.S. scrambling to counter China” (Not to mention, Russia.)

    https://www.reuters.com/investigates/special-report/china-army-rockets/

    “Belt and Road Forum in Beijing and How Western ‘Reports’ Are Smearing China”

    http://www.globalresearch.ca/belt-and-road-forum-in-beijing-and-how-western-reports-are-smearing-china/5675597

    But these articles will be ignored/denied by the Western countries that have actually been guilty of far worse activities for the last 300+ years of plundering and murder. HYPOCRISY big time by the US and others.

  20. Davy on Fri, 26th Apr 2019 5:25 am 

    “New missile gap leaves U.S. scrambling to counter China” (Not to mention, Russia.)”

    The only military thing the war pig makato understands is “missles – “good” LOL. makato tell us more about the 10MIL men under arms in North Korea. Double LOL!

    go to bed old man you are outclassed

  21. Davy on Fri, 26th Apr 2019 6:03 am 

    “The Quiet Panic” – Kyle Bass On Hong Kong’s Looming Financial & Political Crisis”
    https://tinyurl.com/y5wexaaa zero hedge

    “Hong Kong’s banking system is one of the most levered in the world at approximately 850% of GDP (with 280% of GDP being lent directly into mainland China).”

    “Herein lies one of the key problems for the Hong Kong Monetary Authority (HKMA). The highest leverage on record, mortgage loans that float and reset monthly, and rising rates put the HKMA into a classic prisoner’s dilemma. Today, the difference between Hibor and US Libor is a staggering -80 basis points.”

    “The HKMA has spent 80% of their reserves over the past year or so. If the aggregate balance goes to zero, we expect Hong Kong rates will spike (as you see we are in the convex portion of the scatterplot today) and their banking system could collapse. Hong Kong currently sits atop one of the largest financial time bombs in history.”

    “The harsh reality is that economic relationships between pegged regimes must be harmonized or they are destined to fail. Norman Chan, the soon-to-be-retired CEO of the HKMA, admitted this in 2017 when he set the four conditions that need to be present for the Hong Kong Dollar to be reset and re-pegged to the Chinese RMB.”

    “On the financial front, the leveraged and vulnerable financial structure of the Hong Kong economy is the polar opposite of the average investor’s availability heuristic. Thirty-six years of relative stability won’t beget another decade of stability if our analysis is even partially correct. Meanwhile, China’s extradition overreach is causing tectonic shifts in the fundamental agreements that govern the economic relationships between the United States, the United Kingdom, and Hong Kong. These shifts have just begun. Investors, Hong Kong depositors, and policy makers alike need to pay strict attention to the outcome of this legislative dance between China and Hong Kong. Hong Kong is currently the center of China’s ability to raise US Dollars in Asia. China is desperately short of US dollars and, herefore, needs Hong Kong to remain a non-tariffed most-favored-nation trader with the United States and the United Kingdom. Financial teetering coupled with political uncertainty could abruptly change the complexion of the foundation of investments in Hong Kong and throughout Asia.”

  22. makati1 on Fri, 26th Apr 2019 6:15 pm 

    Davy, missiles are the next war, not ground troops. And, it will be over in 24 hours, not 4+ years. Denial does not change the facts.

    Maybe the articles were too difficult for you to understand? Here is a simpler one:

    https://www.zerohedge.com/news/2019-04-26/pentagon-official-us-far-behind-china-russia-modernizing-nuclear-arsenal

    Go tend your goats old man. The real world is too scary for you. LOL

  23. Cloggie on Sat, 27th Apr 2019 6:12 am 

    Rembrandt Kopppelaar and the demise of the Dutch and global peak oil movement:

    https://deepresource.wordpress.com/2019/04/27/rembrandt-koppelaar-and-the-demise-of-peak-oil/

    It’s OK to believe in Santa until the age of 9-11, but at some point you have to grow up and face some simple facts. Santa was your dad all along and peak oil the fairy tail, invented by industrial society hating ecologist-fundamentalists.

    https://en.wikipedia.org/wiki/Richard_Heinberg

    Heinberg, after two years in college and a period of personal study, became personal assistant to Immanuel Velikovsky in November 1979. After Velikovsky’s death, Heinberg assisted his widow in editing manuscripts. He published his first book in 1989, Memories and Visions of Paradise: Exploring the Universal Myth of a Lost Golden Age, which was the result of ten years of study of world mythology.

  24. Cloggie on Sat, 27th Apr 2019 6:19 am 

    “New missile gap leaves U.S. scrambling to counter China” (Not to mention, Russia.)

    I love it. The 21st century will favor defensive forces, not offensive forces. This is a very bad age for those who want to “police” (read: control) the world.

    No tank, ship or plane will be safe against missiles. Better stay home (in the prairie for instance).

  25. Davy on Sat, 27th Apr 2019 6:56 am 

    “Deep Adaptation: A Map for Navigating Climate Tragedy”
    https://tinyurl.com/y4xqe34u Stanford dot edu

    “In my work with mature students, I have found that inviting them to consider collapse as inevitable, catastrophe as probable and extinction as possible, has not led to apathy or depression. Instead, in a supportive environment, where we have enjoyed community with each other, celebrating ancestors and enjoying nature before then looking at this information and possible framings for it, something positive happens. I have witnessed a shedding of concern for conforming to the status quo, and a new creativity about what to focus on going forward. Despite that, a certain discombobulation occurs and remains over time as one tries to find a way forward in a society where such perspectives are uncommon. Continued sharing about the implications as we transition our work and lives is valuable.”

    “I hope the deep adaptation agenda of resilience, relinquishment and restoration can be a useful framework for community dialogue in the face of climate change. Resilience asks us “how do we keep what we really want to keep?” Relinquishment asks us “what do we need to let go of in order to not make matters worse?” Restoration asks us “what can we bring back to help us with the coming difficulties and tragedies?”

    “In pursuit of a conceptual map of “deep adaptation,” we can conceive of resilience of human societies as the capacity to adapt to changing circumstances so as to survive with valued norms and behaviours. Given that analysts are concluding that a social collapse is inevitable, the question becomes: What are the valued norms and behaviours that human societies will wish to maintain as they seek to survive? That highlights how deep adaptation will involve more than “resilience.” It brings us to a second area of this agenda, which I have named “relinquishment.” It involves people and communities letting go of certain assets, behaviours and beliefs where retaining them could make matters worse. Examples include withdrawing from coastlines, shutting down vulnerable industrial facilities, or giving up expectations for certain types of consumption. The third area can be called “restoration.” It involves people and communities rediscovering attitudes and approaches to life and organisation that our hydrocarbon-fuelled civilisation eroded. Examples include re-wilding landscapes, so they provide more ecological benefits and require less management, changing diets back to match the seasons, rediscovering non-electronically powered forms of play, and increased community-level productivity and support.”

  26. Dredd on Sat, 27th Apr 2019 10:40 am 

    World of the end (Beyond Fingerprints: Sea Level DNA – 3).

  27. Cloggie on Sat, 27th Apr 2019 5:16 pm 

    The first MOIA e-van ride-sharing experiences from Hamburg are in:

    https://deepresource.wordpress.com/2019/04/27/first-moia-ride-sharing-experience-in-hamburg/

    The transport that one day could make private car ownership superfluous.

    TAAS.

    Transport as a service.

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