Dr. Bill Rees, Professor Emeritus from the University of British Columbia, gave a presentation on our overshoot predicament earlier this month to a zoom meeting of the Canadian Association for the Club of Rome (CACOR).
I’m a longtime fan of Dr. Rees and consider him to be one of the most aware and knowledgeable people on the planet.
This is, I believe, the best talk I’ve seen by Dr. Rees and he covers all of the important issues, including topics like overpopulation that most of his peers avoid.
Presentations like this will probably not change our trajectory but nevertheless I find some comfort knowing there are a few other people thinking about the same issues. This can be a very lonely space.
The Q&A is also very good. I found it interesting to hear how much effort Dr. Rees has made to educate our leaders about what we should be doing to reduce future suffering. He was frank that no one to date, including the Green party, is open to his message. Not surprising, but sad. Also inspiring that someone of his stature is at least trying.
Summary
Climate-change and other environmental organizations urge governments to act decisively/rapidly to decarbonize the economy and halt further development of fossil fuel reserves. These demands arguably betray:
– ignorance of the role of energy in the modern economy;
– ill-justified confidence in society’s ability to transition to 100% green renewable energy;
– no appreciation of the ecological consequences of attempting to do so and;
– little understanding of the social implications.
Without questioning the need to abandon fossil fuels, I will argue that the dream of a smooth energy transition is little more than a comforting shared illusion. Moreover, even if it were possible it would not solve climate change and would exacerbate the real existential threat facing society, namely overshoot.
I then explore some of the consequences and implications of (the necessary) abandonment of fossil fuels in the absence of adequate substitutes, and how governments and MTI society should be responding to these unspoken biophysical realities.
Biography
Dr. William Rees is a population ecologist, ecological economist, Professor Emeritus, and former Director of the University of British Columbia’s School of Community and Regional Planning.
His academic research focuses on the biophysical prerequisites for sustainability. This focus led to co-development (with his graduate students) of ecological footprint analysis, a quantitative tool that shows definitively that the human enterprise is in dysfunctional overshoot. (We would need five Earth-like planets to support just the present world population sustainably with existing technologies at North American material standards.)
Frustrated by political unresponsiveness to worsening indicators, Dr. Rees also studies the biological and psycho-cognitive barriers to environmentally rational behavior and policies. He has authored hundreds of peer reviewed and popular articles on these topics. Dr. Rees is a Fellow of Royal Society of Canada and also a Fellow of the Post-Carbon Institute; a founding member and former President of the Canadian Society for Ecological Economics; a founding Director of the OneEarth Initiative; and a Director of The Real Green New Deal. He was a full member of the Club of Rome from 2013 until 2018. His international awards include the Boulding Memorial Award in Ecological Economics, the Herman Daly Award in Ecological Economics and a Blue Planet Prize (jointly with his former student, Dr. Mathis Wackernagel).
I left the following comment on YouTube:
I’m a fellow British Columbian and longtime admirer of Dr. Rees. Thank you for the excellent presentation.
I agree with Dr. Rees’ prescription for what needs to be done but I think there’s a step that must precede his first step of acknowledging our overshoot predicament.
Given the magnitude and many dimensions of our predicament an obvious question is why do so few people see it?
I found a theory by Dr. Ajit Varki that provides a plausible explanation, and answers other important questions about our unique species.
The Mind Over Reality Transition (MORT) theory posits that the human species with its uniquely powerful intelligence exists because it evolved to deny unpleasant realities.
If true, this implies that the first step to any positive meaningful change must be to acknowledge our tendency to deny unpleasant realities.
Varki explains his theory here:
https://link.springer.com/chapter/10.1007%2F978-3-030-25466-7_6
A nice video summary by Varki is here:
https://www.youtube.com/watch?v=dqgYqW2Kgkg
My interpretations of the theory are here:
https://un-denial.com/denial-2/theory-short/https://un-denial.com/2015/11/12/undenial-manifesto-energy-and-denial/

Probably the best definition of what a rational actor is. And that Putin in his world with his information is a rational actor. Our foreign policy establishment is as irrational (stupid?) as it gets??
Chuck Watson: https://blogenkiops.wordpress.com/2022/03/03/is-putin-rational/
AJ
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Thanks, good essay.
It seems to me that avoiding conflict requires leaders to be put themselves in the shoes of the other, and to not have double standards.
If Russia was to establish a military alliance with Mexico and arm it with weapons, it would not matter if the Mexican government was “good” or “evil”, nor would it matter if the Mexican people democratically voted for the alliance. The US would oppose the Russian/Mexican alliance with military force.
Enough said.
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Double standards seem to be present everywhere in our society. Hartmut Danisch is a famous German blogger, who is dedicated to exposing these double standards. It is always a joy to read his snarky articles. One of his favourites is activists/domestic terrorists. A good example for activists are the people of organizations like Fridays for Future or Extinction Rebellion. They are “allowed” to terrorize the average joe with their intrusive actions, while the “Querdenker” movement, that are critical of Corona policies, are condemned as domestic terrorists (or even Nazis) by the media because their cause is not in alignment with the rulers.
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Russian oil exports for March are down by 4.5 million barrels per day. Wall street sees 2 possible scenarios. One bad, the other really bad.
Given interest rates are already at zero, and given we seem to have hit limits on printing more money, if Russian oil exports stay down I’m thinking there’s only one scenario, and it’s really bad. Add in reductions of natural gas, fertilizer, and food exports and it gets worse.
https://www.zerohedge.com/markets/two-oil-price-scenarios-one-bad-and-one-catastrophic
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I try to keep politics out of this site and fanning tribal flames is not my intent of posting this video. Hell, I don’t even know if Fox is a right wing or left wing channel because I never watch it.
I posted this review of US leadership actions just prior to the Ukraine invasion because it is shocking how stupid our US (and Canadian) leaders have become.
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I also have never watched Fox News. Knowing that it was owned by Murdock & family is enough to me to let me know it is usually right wing crap MSM. And was usually a supporter for Trump. However, I have seen/heard enough to know that Tucker Carson is occasionally right about some things – like this analysis of Harris and the Biden inept administration. Sadly both right & left politics in the U.S. is bought and paid for by corporate interests in the service of the elite.
AJ
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It’s the first time I’ve listened to the vice president of the most powerful country in the world.
Trump and Biden have problems stringing words into coherent sentences. She’s worse.
How is this possible?
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Zerohedge today points us to something important to watch.
https://www.zerohedge.com/markets/fra-ois-explodes-here-only-chart-powell-closely-watching-and-why-it-soaring
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preptip: I’m buying more rice tomorrow.
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Quote of the day from Gail Tverberg:
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I’m so depressed. Just saw a Reuters poll that 74% of U.S. idiots think the U.S./NATO should apply a no fly zone in Ukraine. I think I’m going to start drinking again. Idiot leaders of idiot people starting WWIII.
AJ
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I’m with you. 😦
I guess it’s not surprising that people who put their children at risk for zero benefit because they heard a sound bite on the news, think it’s a good idea to provoke a war with a country that is defending its border from enemies that have attacked in the past, and that has clearly stated it will retaliate with nukes.
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I’ve been spending time at the Saker.is website learning about the Ukraine/ Russia situation. Below is one of the best comments I’ve read recently:
Rodrigo on March 05, 2022 · at 3:05 pm EST/EDT
The Russian invasion is succeeding militarily, just as the US knew it would. The US plan to 1)fracture Western Europe from Russia and to 2) demonize, weaken and isolate Russia is also succeeding. The objective of the Russians is a neutral and demilitarized Ukraine. The remaining objective of the US (the two above are virtually fait accompli) is to sow chaos and stoke an insurgency in Ukraine that bleeds Russia. Each side has a strategy and a game plan. Each side’s strategy is unfolding according to plan. Neither side is crazy or irrational. Neither plan is stupid. At the top neither side is shitting their pants or hysterical. Each side is methodically executing its respective plan. We’ll see how things develop.
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That rings true to me if you assume our leaders are mostly energy blind.
What does Saker say is the plan to keep the lights on in Europe?
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Skip to 25:30 for discussion on SWIFT and inflation.
Summary:
– SWIFT is a text messaging system that can be bypassed with a telephone.
– Inflation as defined by bankers is too much money in the system and the market is saying this is not even a small problem.
– Rising oil price is a different problem that will harm the economy and will cause deflation.
– The global economy is in much worse shape than most people believe.
They are of course talking about Steve Ludlum’s triangle of doom, but because they’re economists, do not understand what they’re talking about. These guys are however better than most so I watch them.
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Just finished a big project to upgrade my music library so I’m set for entertainment until I die without requiring a functioning internet.
I may unplug my internet soon to help maintain my sanity. 🙂
Igor Chudov reports what sounds like bad news on its way from Hong Kong. I haven’t followed Igor long enough to know if he can be trusted. Can anyone vouch for Igor or corroborate this report?
https://igorchudov.substack.com/p/bad-news-from-hong-kong?s=r
Lots of plausible explanations in the comments section. Most are some variation of “our leaders are idiots”.
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If I unplugged my internet I would be blind. The only alternative source of information without the internet is the mainstream media, the “Empire of lies”(as Putin so accurately calls it). The internet is frustrating in that there are lies on all sides, I agree with Chuck Watson that you have to read both sides and figure the truth is somewhere in the middle and that each side is spinning it to their advantage. I also have been reading saker.is on occasion just to see what the Russian “man on the ground”s perspective is. Better perspective than CNN or Fox.
AJ
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“Nobody ever hides good news.” – Karl Denninger
https://market-ticker.org/akcs-www?post=245329
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https://boriquagato.substack.com/p/complicity-theorists?s=r
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Excellent post by bad cattitude, except that he is in complete denial of our overshoot/energy cliff situation.
AJ
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I agree.
And then there’s that old guy at un-denial.com who thinks we might break through our genetic tendency to deny unpleasant realities and voluntarily reduce our population. Yeh right. What planet does that idiot live on?
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Very good big picture energy update from Art Berman.
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Gasoline $1.829/L up 8% from 4 days ago and up 50% from a year ago.
White rice up 10% from a month ago.
Coffee up 50% from a year ago.
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TTF Gas is up 1,485% and UK Gas 1,392%
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Year over Year that is.
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Just got a quote for urea. $1850t bulk. 12 months ago it was $600.
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Wow! That’s a really big deal for the world. Every country is 3 meals away from a revolution.
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I’m starting to get scared proper https://www.artberman.com/2022/03/07/oil-shock/
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Yeh, I’ve also got a bad feeling about this.
Quite remarkable how many people want to escalate and how few understand all we had to do was keep Ukraine out of NATO.
Won’t be surprised if the war drums increase because people are going to blame their pain on Russia rather than overshoot (aka peak oil).
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Sorry, but wasn’t that the point of this “wag the dog” exercise by the idiots (Biden et al in the west). They were losing the Covid narrative and the everything bubble had been expanded to infinite proportions and was going to blow. BUT, with supreme hubris they think that they can control this thing they have unleashed before it goes totally nuclear – not realizing it is collapse from overshoot. (Isn’t this what all elites do in all terminal civilizations at the top?).
AJ
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Gail Tverberg on what we should expect…
https://ourfiniteworld.com/2022/03/02/russias-attack-on-ukraine-represents-a-demand-for-a-new-world-order/comment-page-9/#comment-352907
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Quote of the day: “People have taken leave of their senses.”
This seems to be a good channel for calm rational analysis of Ukraine.
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Great video. Seems they agree with Saker.is and this is all going according to Russian plans. It’s also nice to see that Poland is pushing back against U.S. making them combatants. Of course, if we avoid a nuclear war (?hopium) – that the resulting Greatest Depression wipes the Dems from power in the U.S.. My only concern then is what would replace them? Worse? Who knows.
AJ
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Nate Hagens today with his perspective on Ukraine.
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I didn’t think it possible that our leaders could outdo the incompetence they demonstrated with covid, but they’ve succeeded with Ukraine.
For no good reason they have triggered what will probably become the worst ever global economic crisis, and if we’re unlucky, a nuclear war.
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Well rob if it goes nuclear and you survive and your prepared to sail your welcome to live out your days in the pacific south West. Harwoods road, Geeveston Tasmania. The invitation will remain indefinate. You can delete this once you’ve read it.
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That’s very kind of you Perran. Thank you. I expect you are living in one of the safer places of the world.
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Australia might do better than most in a nuclear confrontation. It will be largely spared the worst from nuclear fallout and direct casualties. But nowhere is safe from overpopulation. I don’t think many Australian’s realise how grossly overpopulated our country is. I think the same applies for new zealand. Sure we produce a surplus at the moment but with an absence of fossil fuels these two countries food surplus will evaporate.
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Most people in Aus and NZ live in cities. It’s only about 1% of our pop doing agriculture. interesting times ahead
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Interesting indeed. I’ve been a little obsessed thinking about food over the last week. Trying to imagine what might disappear from the stores or what might become too expensive for me to afford. Purchased another $400 of long term supplies yesterday.
For example, I don’t want to live without coffee and we can’t grow it here. 😦
The Science Channel on cablevision runs a series called “How Do They Do It?”. I watch it almost every day. A lot of the segments focus on some aspect of the global food supply chain. It’s a real eye opener. Without reliable electricity and a LOT of diesel most of what we take for granted disappears overnight.
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They reported in the NZ news today that we produce enough food to feed 40 million people. Most of this food goes to Asia and the Pacific
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That’s good news for you. I visited NZ once in about 1990 and thought it would be a very nice place to live. Highlight of the trip was staying at a sheep farm bed & breakfast.
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I always wonder if that stat is a typical “calories per day” equivalent or just 40 million people buy our food products.
The Future is Rural report by Jason Bradford is a favourite of mine to push on LinkedIn but nobody ever really takes any real interest. More evidence of denial of reality me thinks.
We’re going flat out in the garden and food forest at our place. My wife is running a local seed swap this weekend. I’m one of the lucky ones who’s partner is on the same page with respect to overshoot and energy depletion.
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Excellent discussion about the idiotic Ukraine decisions our western leaders are making and why they lack judgement and sufficient humility to admit when they are wrong.
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Joes Blogs reviews impact of Ukraine conflict on price and availability of various metals and where they are used.
0:00 Intro
1:47 PALLADIUM
4:40 PLATINUM
6:51 VANADIUM
8:18 NICKEL
9:45 ALUMINIUM
11:13 COBALT
11:55 TITANIUM
12:57 GOLD
14:04 SUMMARY & CONCLUSION
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If the West really cuts off the supply of all these strategic minerals from Russia it can’t be good news for Western economies. There are no replacements for these metals and the price will stay high. Biden etc al, really have no clue what they’re doing (Obama was a lawyer and although smart has no background in science, so is clueless-if he is pulling Biden’s strings?).
AJ
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He didn’t mention uranium – of which Russia is responsible for about 40% of exported enriched uranium. Good luck going nuclear to try and separate Europe from Russia.
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Good point. In addition, it’s not a metal but I believe Russia is the world’s largest exporter of nitrogen fertilizer.
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Russia exports 40% of world’s uranium.
https://www.zerohedge.com/commodities/will-putin-place-enriched-uranium-list-banned-russian-exports
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New episode from Nate Hagens’ series on the Human Superorganism.
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Glenn Greenwald today on US biological warfare labs in Ukraine.
https://greenwald.substack.com/p/victoria-nuland-ukraine-has-biological?s=w
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I’m bummed out today.
It seems I’m usually on the wrong side of issues with friends and family.
Several heated discussions today about Ukraine with people I care about.
A month ago heated discussions with the same people about covid policies.
Before that heated discussions about peak oil/climate change.
It’s a big tribe and I’m not in it.
😦
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I´m feeling the same. A few days ago, my mother asked me on the phone what I think about the current news. I knew which direction this talk was going and tried to play dumb. She insisted that we talk about the Russia/Ukraine war, but I told her that I feel bad about the people involved but otherwise don´t have the time to inform myself on a sufficient level to have a substantiated opinion. This irritated her totally, the flow of the talk was totally disrupted until I changed to another topic.
Yesterday, I talked with her again. This time we somehow came back to the Covid issue. We have a few relatives, who are totally paranoid. Not only are they quadruple vaccinated, but they also only interact with other vaccinated people. As we wanted to visit my mother this weekend, she told me that some of these paranoid relatives also want to come. I offered her to test the whole familiy before coming over to her, but she is really ashamed that we are not vaccinated and told me that she will cancel the visit of the paranoid relatives. I also somehow got from our talk that she does not forward invitations to larger family events (birthday parties, weddings) to us due to our “outcast” status. And all this fuss happens even though no one in our family or circle of friends was seriously ill with corona. Even in my mother’s generation (70+) there is no one who even had to go to the hospital, let alone died from it.
Normally, my mother is a pretty critical person who often got into trouble at work for saying the truth, but now she seems to be totally engulfed by the official propaganda.
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Addendum: at work, the two minute hate also changed from the unvaccinated to the Russians like a switch was flipped. I am glad that I can work via Zoom/Teams and can switch off my Webcam that my colleagues cannot see my annoyed face.
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Thank you for sharing that. The world has gone crazy. No one cares a wit about evidence or logic.
As you say, in a heartbeat covid is gone and now everyone wants to attack Putin.
I am coming to appreciate more deeply that:
1) most people believe what they are told by mainstream news; and
2) mainstream news makes money by telling people what they want to hear; and
3) truth and reality are completely irrelevant.
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I feel for you. I never discuss Covid or Ukraine outside my home. My wife kinda agrees with me on Ukraine. I no longer watch MSM news, or if its on I mute it. So illogical, jingoistic and emotional crap. Most people want to go along with the narrative and fit in – evolution made that a generally successful strategy.
AJ
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Hi Rob, sorry to hear you’ve had a rough day. It’s hard being a Cassandra at any time in history. The present is always the culmination of everything we’ve ever done, known, and have been, but we’re at a very pointy end indeed! In situations as you have gone through with friends and family, I suppose the best thing we can take away from it is knowing we are unique human beings who desire to connect with others and try to be seen and understood. Even if it brings despair and frustration, we are ever hopeful that we can find harmony in that middle ground of letting be. I find much solace these days in trying to practice even more compassion, maybe we can accept others’ perspective as a result of the myriad twists and turns that make up their biopsychosocial lives, even if they cannot accept ours. On a very bright side, you certainly have a thriving tribe here! Thank you for being the trailblazer who has lit a path for us to find and make our own. I feel very fortunate to have found this rarefied band and I am thrilled to have just discovered that one amongst you is practically my neighbour, hello there in the Huon Valley, Tasmania! I’m in Glen Huon; it’s a small world after all. This is my first public post on Rob’s site and I just want to send out all my positive thoughts for everyone here. There’s a poignant quote from The Lord of the Rings that has become a guiding beacon for me: “ I wish it need not have happened in my time,” said Frodo. “So do I,” said Gandalf, “and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to with the time that is given us.” Let us go forth boldly, but never alone.
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Thank you for the kind and wise words, and welcome to our little band of misfits.
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Westerners can’t help but virtue signal and are allergic to critical thinking. Even considering a different viewpoint is treated like a sin. My partner and I were just talking today about how Telegram is viewed negatively by NZ media for spreading misinformation. Yet is praised by the same media for helping anti-Putin Russians connect with each other. Hypocrisy boils my blood and I feel like my culture is rife with it
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Must watch discussion on the history of the Ukraine crisis by some wise elderly experts on the topic.
I don’t care much about left-right but I do care about smart-stupid and our western leaders are clearly stupid.
I left this comment on YouTube:
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Good comment from YouTube…
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DuckDuckGone
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Yeah, to bad about DuckDuckGone (more Silicon Valley posturing). What can I use for a search engine on Firefox now? Any suggestions on a better (safer, anonymous) browser?
AJ
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I switched to Bing since it’s the last (maybe) good man standing.
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I use Brave
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Thanks for the tip. Will try it.
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Venezuela supports Russia.
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The U.S. MSM has been pushing the line that the existence of chemical/biological labs in Ukraine was a Kremlin/CCP/QAnon Fake News conspiracy theory, but it was blown out of the water by State Department Ukraine meddler-in-chief Victoria Nuland’s admission that, yes, there are biolabs in Ukraine, in response to a question by GOP Senator Marco Rubio. Oops. Well, we’re trying to help Ukraine keep them out of the hands of the Russians. I wonder what they’ve been cooking up in those labs? Maybe to sidestep the ban on gain-of-function research in the U.S.?
https://greenwald.substack.com/p/victoria-nuland-ukraine-has-biological?s=r
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Assuming there’s a good reason for the labs, which I doubt, if the US really wanted to avoid conflict with Russia why in god’s name wouldn’t they put the labs in France or Germany?
Clearly the US wants conflict, and they will get it if they continue to escalate.
We are led by fucking morons.
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Tad Patzek is an intelligent aware intellectual that I respect. Today he argues that Ukraine should resist Russia to achieve its goal of joining NATO.
I can appreciate Patzek’s perspective having been raised in Poland. My view is that it does not matter if Patzek is correct because I expect Russia will crush Ukraine and nuke the west before they allow that to happen.
https://patzek-lifeitself.blogspot.com/2022/03/about-suffering.html
Here is some overshoot related work by Patzek that I’ve previously posted:
https://un-denial.com/?s=patzek
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Sorry,
I don’t think Patzek is correct. If Russia wanted to they could be indiscriminately killing civilians and destroying infrastructure. They don’t appear to be (not by the few deaths reported or the few buildings destroyed). We (the west) have this great meme (democracy, freedom, opportunity) that is basically a lie – Patzek obviously believes it. Putin has said multiple times he wants a buffer between Russia and NATO and the west trampled on that idea. He will get his buffer or Patzek’s beloved Poland will be a wasteland along with his adopted country. I hope Putin is successful in getting his buffer and taking down the “Empire of Lies” (the west) a notch.
AJ
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Propane tanks up 30% from 12 months ago.
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Nice update today from Joe Blogs on food supply and prices.
My take-away: buy more cooking oil. If I was a baker I’d also buy more flour.
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Canola oil up 217% in 2 years.
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I watched the documentary “Ukraine on Fire” tonight.
What a confusing mess that part of the world is. I’m very grateful that I was lucky to be born in Canada.
Shame on the US.
https://www.imdb.com/title/tt5724358/?ref_=ttfc_fc_tt
https://en.wikipedia.org/wiki/Ukraine_on_Fire
YouTube has censored it but you can still find it on Vimeo:
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LTO Survivor on the state of the oil industry.
The ignorance of our leaders on the keystone of modern civilization is breathtaking.
https://peakoilbarrel.com/december-us-oil-production-unexpectedly-drops/#comment-736461
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There is a drone video currently being widely shown online, showing Russian tanks being attacked in Ukraine:
https://www.theguardian.com/world/video/2022/mar/10/russian-tanks-ambushed-war-ukraine-kiev-brovary-video
If you look closely, the watermark “Azov” in Cyrillic is visible at lower right. The Azov Battalion are the neo-Nazis we said we weren’t training…
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Nate Hagens with a heads up on social media…
The irony for me is that for the last several years I have considered Al Jazeera to be the most trustworthy news source on the planet. I find they provide intelligent balanced coverage on most issues including those involving the middle east where you would expect bias. I no longer believe a word from the BBC and CBC who simply parrot their government’s positions with their bullshit detectors and brain cells turned off.
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In general, I find this whole Cookie topic is making internet usage so annoying that I often want to quit. Every time I go to a new website, they ask me about whether I consent with all their cookies or not. The consent with all cookies option is most of the time more prominent than all other options (partial or full rejection). I imagine that most people are already so annoyed that they just click on accept to get on. If these cookies are then used to rate me, this makes the whole internet a minefield, where you have to be extremely careful about each step you take.
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Since this DuckDuckGo crap I ditched Firefox/DuckDuckGo and went with the Epic Privacy browser. They provide a free VPN and for $2.50/month have a private search engine too. They are in India and seem to have everything that TOR has but faster. The problem is that everytime you close the browser all cookies are deleted. They will save your bookmarks and web site passwords/logins, but third party log ins are crap. Like here where Rob uses those WordPress “shits”. They make me log on anytime I want to comment BUT they will not let me “Like” anything because they can’t track me or something. Every piece of internet software is trying to exploit the user, it’s just how much are you willing to put up with for some privacy?
AJ
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Thanks AJ for making me aware that it is a pain to comment on this site.
I have turned off the requirement to log in to comment. Let me know if the experience is better.
If I get flooded with spam I may have to revert the setting.
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Kurt Cobb today predicts Ukraine will trigger a major recession and a reorganization and contraction of global trade.
http://resourceinsights.blogspot.com/2022/03/ukraine-conflict-may-portend-end-to.html
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Dr. John Campbell, a long time advocate of covid vaccines, is shocked by data in the recently released Pfizer documents, and asks how is it possible that health officials told the public the vaccines were safe when they had access to this data? He also asks why did it take court order to force Pfizer release this data?
In a subsequent video he clarified that he misread a section of the Pfizer report and it is not as bad as his first reaction.
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Good round-up of Ukraine war economic risks from Panopticon.
https://climateandeconomy.com/2022/03/12/12th-march-2022-todays-round-up-of-economic-news/
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Satire is the best salve for insanity.
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Flotation Device Administration…awesome.
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Nate Hagens on Ukraine.
Pray that we avoid nuclear fallout and brace for non-nuclear fallout.
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Robert Malone today reflects on reality.
https://rwmalonemd.substack.com/p/how-does-it-feel-to-be-vindicated?s=r
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Bret Weinstein had an important and thoughtful discussion today about the irrational and dangerous way our society is behaving.
I left the following comment:
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You can’t make this shit up. Someone replied:
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Sounds like the old hippy shit combined with this new “manifesting” crap.
I’ll stick with Steve Keen.
“Equally, both Labour and Capital are “sterile”, to use the old Physiocratic term: without energy, they can’t produce anything. Labour without energy is a corpse; capital without energy is a sculpture. ”
We can have the most brilliant leadership from hereon (which we won’t) and still be fucked – leadership without energy is as sterile as labour and capital.
Some good news – just like that James is back https://megacancer.wordpress.com/
That’s my morning reading sorted.
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Thanks, I love that Keen quote.
Excellent news about James. I see his site has a shiny new look. Glad he’s ok.
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Expect about another $1 per gallon increase in diesel and gas, and then a deflationary crash, unless of course nukes fly sooner.
https://wolfstreet.com/2022/03/15/diesel-gasoline-retail-prices-spike-in-historic-leaps-but-futures-of-crude-oil-wti-gasoline-plunge-go-figure/
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Pity the poor Europeans who use diesel for almost all personal cars. I worry more about how this will effect agriculture and food prices. If it killed Amazon all the better.
AJ
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Alice Friedemann called it back in 2016. Diesel will be the crumbling keystone of the global economy. Our recent fracked oil here in the U.S. has relatively less diesel fraction, so we are exposed to the more global commodity market.
BTW- I was half finished with “Ukraine on Fire”, went back to finish this morning, and it’s now not on Vimeo. The censor bots have been busy.
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I anticipated that and downloaded Ukraine on Fire. Send me a private message and I will provide a link so you can download it.
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I’ve since discovered it is still available on rumble https://rumble.com/embed/vubrga/
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Good one today from Alice Friedemann. I agree with her that Rare Earth is an important book. I’m about half way through it but stalled because it’s not available as an audiobook.
https://energyskeptic.com/2022/rare-earth-updates-the-latest-research-on-why-complex-intelligent-life-is-likely-rare-in-the-universe/
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Big global changes underway.
https://www.podbean.com/media/share/pb-y2e9u-11ccab3
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Very good history of the global monetary system since WWII.
They try to connect the dots at the end and paint an optimistic picture:
– US provoked Ukraine war to provide cover for dismantling the US petrodollar reserve currency system
– system had to change so that US can re-shore manufacturing and become less dependent on China
– good news for US middle class jobs and industrial stocks
– bad news for bonds since interest rates will rise
The dots I connect are less optimistic:
– US emotional response to Russia blew up the US reserve currency
– US standard of living will drop 30-50%, the rest of the world will be worse
– insufficient affordable energy remains to rebuild US manufacturing & infrastructure
– global trade will decline and many products will be unavailable at any price
– nuclear war a significant risk since no one willing to back down
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Thanks for this summary. I will listen to it. I’m surprised by some of the conclusions. On the petrodollar – Lynn Alden had the best summary I’ve seen, and a novel conclusion that perhaps being the reserve currency is not all it’s cracked up to be. No resource connection, however. I’ll comment again when I finish.
https://www.lynalden.com/fraying-petrodollar-system/
Preliminarily, I’m skeptical why the war would be a necessary cover for this if the US truly wanted to change. It seemed more of a trend already underway to me, one that wouldn’t require any catalyst.
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Thanks, yes please let us know if you interpret their conclusions differently that I did.
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Remarkable. So many dimensions to the covid insanity.
h/t Ilargi
https://rwmalonemd.substack.com/p/safe-and-effective?s=r
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Robert Sapolsky on human behavior wrt Ukraine.
h/t George Kaplan @ POB
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