When it comes to electricity generation, the US still runs mainly on coal and NATURAL GAS.
Show me the ACTION PLAN that proves that as we move IMMEDIATELY AWAY FROM hydrocarbon-powered electricity generation, WE WON’T RUN OUT OF CAPACITY to meet SOCIETY’S NEEDS.
What this chart tells us is that WE’RE A LONG WAY FROM ZERO CARBON EMISSIONS.
A look at now, then and when.
The coming taper — or at least the plan. We’ll see how long they ACTUALLY TAPER.
The coming stimulus . . . should it ever arrive.
Budget deficit effect of the “projected” stimulus, bearing in mind it was DICK CHENEY who said deficits don’t matter. DICK, YES THEY DO. Otherwise, the entire money, banking & credit system is FATALLY UNDERMINED.
Key events — and the rationalizations and doublespeak that will accompany them — to watch.
What US history shows us: “Everybody wants to rule the world” . . . BUT PAY NO TAXES. You’d think civilized society GROWS ON TREES. Hardly. There are NO MAGIC BULLETS. It’s either TAXES or DEFICITS. That is, if you want the system to work for AS MANY AS POSSIBLE.
Stagflation coming? 1965 to 1968 stagflation.
1969 to 1973 stagflation.
1974 to 1981 stagflation. (There is an error in the chart where it says the annualized returns are for 1969 to 1973. It should say 1974 to 1981.)
The pace of bond buying may be decelerating but what else are they doing and what about their buying stocks or manipulating metals and commodity prices? Is this all there is TO SEE? I doubt it.
CORRECT, PROCEED WITH THE UTMOST CAUTION.
Excellent rendition.
Jordan Peterson in discussion with Bret Weinstein.
The CONSERVATIVE RIGHT OF CENTER meets — as well as respects, encourages and agrees with — the LIBERAL LEFT OF CENTER. And — key qualifier — VICE VERSA.
And how wonderful FOR ME watching it all unfold from CENTER COURT or — as what I like to think of as — CENTER-CENTER. I hope that you, intrepid reader, can see it from not too different a perspective as well. In today’s world, WINS that are also not WIN-WIN’s are less and less WINNING.
What binds together these two brilliant men are the savage attacks they’ve both experienced at the hands of the ILLIBERAL EXTREME LEFT. Both are university professors who’ve refused to accept current nonsensical campus orthodoxies, such as multiple genders, inherent white racism and the innocuousness of compelled speech.
If you wish to cut right to the money shot, you’ll find it at 57:05. Here, Peterson asks Weinstein what he thinks is DRIVING the EXTREME LEFT’s multiple distortions. Weinstein’s answer is as brilliant as it is self-evident:
This is exactly what makes movements such as GENDER MAINSTREAMING, BLM, CRT, THE 1619 PROJECT and other EXTREME LEFT propositions both so odious and ANTI-ENLIGHTENMENT. THEY BROOK NO CRITICISM, and anyone who dares to do so anyway is a CATEGORICAL RACIST, FASCIST, TRANSPHOBE or HOMOPHOBE.
This is SUMMARY JUDGEMENT AND EXECUTION in one fell swoop.
But I’m only scraping the surface. WATCH THE WHOLE VIDEO. It’s a POST-GRADUATE LEVEL analysis of exactly where we are now. It also demonstrates how SANER ELEMENTS of both the LEFT and the RIGHT can unite and carve out a center path through today’s unrelenting polarization.
Here it is:
From Bank of America.
Every 0.1% increase in the discount rate equates to a 4% decline in stocks. This is why TAPER TALK always TAPERS OFF.
Just pray that inflation doesn’t take off. Because at that point, the Fed will have a choice between tanking the market with higher rates or letting inflation run rampant. Either way, the economy CRASHES. And I’m talking CIVIL UNREST LEVELS.
From Zero Hedge
“Sotheby’s . . . reported this morning that a bundle of 101 NFTs from Bored Ape Yacht Club just sold . . . for $24.4 million. A second bundle of 101 Bored Ape Kennel Club NFTs sold for $1.8 million. The Verge first reported the insane transaction, which many have speculated is nothing more than money laundering by bored Ethereum holders.”
Here’s part of what fetched $24.4 million:
Has the world gone COMPLETELY NUTS?
More from ZH:
“That auction puts the ape sale among the biggest in the NFT space. A bundle of nine CryptoPunks, one of the earliest NFT projects, sold for $16.9 million in May. And Beeple sold a collage of his works as an NFT for $69 million in March when the NFT craze was just getting started.
“While it’s hard to directly compare all of these sales (there are 101 items in today’s auctions versus one in Beeple’s), the purchases show that the appetite for NFT art isn’t dying down, and they suggest that buyers think there’ll be high resale value as the market continues to grow. It is also supportive of Ethereum prices which . . . lagged in recent days even as Solana, dubbed the “Ethereum killer” has soared.”
This nonsense puts Tulip Mania and John Law’s Mississippi Bubble in the shade. But it’s EXACTLY how markets behave when they’ve arrived at the point of ALL-PERVASIVE MANIA.
Right! People lose their minds!
The MOTHER of all ENERGY SOURCES.
MIT Project Advances Towards Fusion
“Fusion in a lot of ways is the ultimate clean energy source,” says Maria Zuber, MIT’s vice president for research and E. A. Griswold Professor of Geophysics. “The amount of power that is available is really game-changing.” The fuel used to create fusion energy comes from water, and “the Earth is full of water — it’s a nearly unlimited resource. We just have to figure out how to utilize it.”
Water, water everywhere. . . but not a drop for fusion.
At least, not yet, “me worthies.”
Or is it Mother’s Little Helper?
Anyway, this is what happens when the half-witted adopt the half-baked.
Well, it’s great to see that SOME PEOPLE at NYU and the University of Chicago aren’t PARSING PRONOUNS or ASSIGNING GENDERS, the latter being, after all, only THEORETICAL CONSTRUCTS.
Yet, this, too, is a bit worrying as it takes us one step closer to ARTIFICIAL LIFE — assuming we’re not SIMULATING human experience already — and the entire ETHICAL CONUNUDRUM that will entail.
Still, this is an AMAZING DEVELOPMENT.
The comeback kid.
Temper, lucidity, scathing rejoinders.
And a stake through the heart of IDEOLOGY.
Tudor Place 