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False Flags Suddenly No Longer A Crazy Conspiracy Theory

Listen to a reading of this article:

In a drastic pivot from typical denunciations of false flag operations as conspiratorial nonsense that don’t exist outside the demented imagination of Alex Jones, the US political/media class is proclaiming with one voice that Russia is currently orchestrating just such an operation to justify an invasion of Ukraine.

“As part of its plans, Russia is laying the groundwork to have the option of fabricating a pretext for invasion,” White House Press Secretary Jen Psaki told reporters on Friday. “We have information that indicates Russia has already pre-positioned a group of operatives to conduct a false flag operation in eastern Ukraine.”

“Without getting into too much detail, we do have information that indicates that Russia is already working actively to create a pretext for a potential invasion, for a move on Ukraine,” Pentagon Spokesperson John Kirby told the press on Friday. “In fact, we have information that they’ve pre-positioned a group of operatives, to conduct what we call a false flag operation, an operation designed to look like an attack on them or their people, or Russian speaking people in Ukraine, as an excuse to go in.”

The US government has substantiated these incendiary claims with the usual amount of evidence, by which I of course mean jack dick nothingballs. The mass media have not been dissuaded from reporting on this issue by the complete absence of any evidence that this Kremlin false flag plot is in fact a real thing that actually happened, their journalistic standards completely satisfied by the fact that their government instructed them to report it. Countless articles and news segments containing the phrase “false flag” have been blaring throughout all the most influential news outlets in the western world without the slightest hint of skepticism.

…click on the above link to read the rest of the article…

Bitcoin, 2022 and the Real Story Behind COVID-9/11

Bitcoin, 2022 and the Real Story Behind COVID-9/11

I don’t necessarily like to do so-called ‘annual prediction’ posts. Having written a ton of them for the newsletters I’ve written over the years, looking back on them is always a bit cringe-inducing. But 2021 was a crazy year and one where so much happened that changed the landscape it looks like one of those necessary evils for 2022.

In fact, I may wind up doing more than I normally do.

After being on Bitcoin Magazine’s Fed Watch podcast in December, I was asked to do a 2022 Predictions article for them.

It just dropped over there.

IS 2022 THE YEAR BITCOIN PROVES ITSELF ON THE WORLD STAGE?

It was a fascinating year for cryptos. One in which no matter how hard I tried, I couldn’t keep up with everything that happened. Going to Bitcoin 2021 in Miami and seeing the clash of OG bitcoiners with the gold rush mentality of the industry it reminded me of the best of times at your typical precious metals conference.

Hey, even Ron Paul was there, which is always a treat.

But that said, 2021 was as strange as any year I’ve ever experienced. The real clash wasn’t in the various crypto fiefdoms per se, but what the emergence of crypto as a full-fledged investible asset class meant that grabbed and held my attention all year.

It was beyond the regular bull market mentality that morphed into mania by mid-year. It was the realization that bitcoin and crypto would begin asserting its potential as a safe-haven asset that was finally proven to more than just us fringe Austro-libertarian types.

Because of this the responses from what Michael Malice calls The Cathedral and what I call The Davos Crowd is what the real story was in 2021.

…click on the above link to read the rest of the article…

 A publicly owned energy industry could help tackle energy poverty and increase renewables

Recent queues at petrol stations across the UK point to significant issues with fuel supply chains in the wake of Brexit. But a lack of fuel where it is needed has been causing problems in the UK for years.

Before the pandemic, an estimated 13.4% of households – that’s 3.18 million people – lived in fuel poverty in England. According to research by fuel poverty charity National Energy Action, insufficiently heated homes kill nearly 10,000 people every year in the UK.

Now, we’re also facing the problem of sharp rises in gas prices. This hits especially hard in countries such as the UK, where gas is the major fuel used to heat households.

These problems reflect the ongoing “energy trilemma”: how to provide households and businesses with stable, low-carbon and affordable energy. By itself, nationalising energy systems wouldn’t solve all these problems.

Increasing public ownership of energy systems is one, more reasonable option. The growing threat of climate change, outside influences such as Brexit, and market pressures driving price increases would still exist. But publicly owned systems do have key advantages over their private counterparts.

Evidence suggests public ownership of gas and electricity grids alone would deliver huge savings to UK consumers compared with the current system. Instead of paying out rewards to private company shareholders, publicly owned and controlled transmission systems would ensure any financial surplus is either reinvested to improve the service or used to reduce energy prices.

Electricity pylons at sunset

The UK’s energy system is largely privatised. AshrafChemban/Pixabay

Private UK grid companies make good money supplying our energy needs. National Grid shareholders earned £1.4bn from the company’s profits in both 2020 and 2021 and a record £3.2bn in 2017, thanks to the National Grid’s decision to sell stakes in its grid to new private owners.

…click on the above link to read the rest of the article…

Blackout Warning For Delhi If Coal Supply Not Restored In 2 Days

Over half of India’s 135 coal-fired power plants, which in total supply around 70 per cent of the country’s electricity, have fuel stocks of less than three days

Power Crisis: Coal-fired power plants are facing shortage of coal

There could be a blackout in the national capital in the next two days if coal supplies to power plants do not improve, a Delhi minister said today. Delhi joins a long queue of states including Tamil Nadu and Odisha that have raised concerns over long power cuts due to shortage of coal in power plants.

Over half of India’s 135 coal-fired power plants, which in total supply around 70 per cent of the country’s electricity, have fuel stocks of less than three days, data from the central grid operator showed, news agency Reuters had reported earlier this week.

“If coal supply doesn’t improve, there will be a blackout in Delhi in two days,” the national capital’s Power Minister Satyendra Jain said today. “The coal-fired power plants that supply electricity to Delhi have to keep a minimum coal stock of one month, but now it has come down to one day,” Mr Jain said.

“Our request to the centre is that railway wagons should be arranged and coal should be transported to the plants soonest. All the plants are already running in only 55 per cent capacity,” the minister in Chief Minister Arvind Kejriwal’s Aam Aadmi Party (AAP) government said.

Mr Jain alleged the coal crisis appears to be “man-made, just as the crisis of medical oxygen supply during the COVID-19 second wave.”

“There is politics going on. If you create a crisis, it will seem that some great work has been done by solving it,” the Delhi minister said.

…click on the above link to read the rest of the article…

UK Has Ten Days To Save Christmas, Retail Sector Warns

UK Has Ten Days To Save Christmas, Retail Sector Warns

Brits are faced with the difficulty of soaring power bills, food and fuel shortages, and the possibility Christmas could be canceled unless the world’s fifth-largest economy hires more truck drivers, according to Reuters, citing comments made by the retail industry to the government.

“Unless new drivers are found in the next ten days, it is inevitable that we will see significant disruption in the run-up to Christmas,” Andrew Opie, director of food & sustainability at the British Retail Consortium, the retail industry’s lobby group, told the government on Friday.

“Heavy goods vehicle (HGV) drivers are the glue which hold our supply chains together,” Opie said. “Without them, we are unable to move goods from farms to warehouses to shops.”

For months, trucking and logistics companies have experienced robust demand, but a shortage of HGV drivers disrupted critical land-based shipping networks and resulted in delayed shipments for supermarkets, retailers, and other industries.

To solve the crisis and make sure that Christmas is not lost this year, Prime Minister Boris Johnson’s office said they’re considering temporary measures, such as work visas for truck drivers, allowing up to 5,000 foreign drivers onto British roads.

“We’re looking at temporary measures to avoid any immediate problems, but any measures we introduce will be very strictly time-limited,” a spokeswoman for Johnson’s office said in a statement.

UK’s Road Haulage Association said there need to be at least 100,000 more HGV drivers to meet demand.

The cause of the driver shortage is partly because of Brexit and the virus pandemic, which suspended driver training for about a year.

With Christmas in the crosshairs, the country appears to be diving headfirst into a 1970s-style “winter of discontent” of shortages and socio-economic distress.

Gratuitous self-promotion!

Gratuitous self-promotion!

Here is a pic of ecologist and author Richard Heinberg signing copies of his most recent book: Power. On the bookshelf behind him you can find a copy of my novel, Olduvai, if you zoom in two books to the right of Dmitry Orlov’s The Five Stages of Collapse and next to The Moron’s Guide to Global Collapse.

Today’s Contemplation: Collapse Cometh XXVIII

Tulum, Mexico (1986) Photo by author

Today’s very brief ‘contemplation’ is a comment I penned on an article that discusses the limits to growth we have probably surpassed, Kuber-Ross’s stages of grief (especially denial and bargaining) that the world seems to be experiencing in the wake of increasing awareness of our existential dilemmas/predicaments, and a call for cooperation amongst the world’s people to address our plight.

I have repeatedly experienced the denial and anger that tends to arise when one challenges another’s personal beliefs. I should know better than to present countervailing evidence/narratives, especially given the defensive psychological mechanisms that arise to preserve such beliefs. We tend to look for confirmation of our strongly-held views by surrounding ourselves with like-minded voices, not disruptive narratives that can lead to cognitive dissonance. Such stories are denigrated and attacked (as the author of the article points out for the Limits to Growth authors).

I do believe, however, that the acceptance of our limits in many aspects leads to a conclusion that degrowth needs to be not only considered and discussed, but widely pursued if humanity is to have any hope of at least some of us transitioning through the self-made bottleneck that is directly ahead of us. Pursing the ‘wrong’ path will only make our predicament far, far more challenging and greatly reduce any opportunities for at least some of humanity to survive.

…click on the above link to read the rest of the article…

Today’s Contemplation: Collapse Cometh XXVII

Today’s Contemplation: Collapse Cometh XXVII

Tulum, Mexico (1986) Photo by author

Discussing ‘renewable’ energy and its shortcomings with those who hold on to the belief that they offer us a ‘solution’ to the predicaments humanity faces is always ‘challenging’. Today’s contemplation is based on a recent dialogue I have had with a few people who seek to hold on to the belief that we can completely abandon fossil fuels and simply shift support for society’s complexities over to ‘renewables, and my response to someone who complimented my viewpoint (an unusual occurrence on the pages of the online media site (The Tyee) I frequent, whose writers/editors/commenters mostly support ‘renewables’ and the promises the proponents of them make). The story is not so straightforward and most don’t want to hear that. You can check out the conversation here.

Thank you. The root cause of our problem appears to be ecological overshoot brought on, primarily, by our exploitation of a one-time energy cache (fossil fuels) that has helped to ‘power’ amazing technological tools and processes that, in turn, have allowed us to exploit the planet and its resources substantially. This has led to a number of positive feedback loops, particularly exponential increases in population, waste (including greenhouse gases), and the speed at which we use these finite resources.

The crowd that insists ‘renewable’ energy (and it’s not truly ‘renewable’ given its dependency on finite resources, and certainly not ‘green/clean’ based on the processes necessary to produce them) can ‘sustain’ our energy-intensive complexities tend to be willfully ignorant of their negative consequences and deficiencies. In fact, my guess is that many have little experience with or knowledge of them (see Alice Friedemann’s work at Energy Skeptic and especially her most recent Springer Energy Series publication, Life After Fossil Fuels) and are grasping for solutions to our predicaments.

…click on the above link to read the rest of the article…

Craig Murray: The Decline of Western Power

Craig Murray: The Decline of Western Power

The really interesting thing about the G7 summit is that it wasn’t interesting. Nobody expected it to change the world, and it won’t.

U.K. Prime Minister Boris Johnson and other leaders of the G7 watch the Red Arrows fly over in Carbis Bay, June 12. (Simon Dawson, No 10 Downing Street, Flickr)

Boris Johnson sees himself as the heritor of a world bestriding Imperial mantle, but in truth he cannot bestride the Irish Sea. The overshadowing of last month’s G7 summit by the U.K. prime minister’s peculiar concern that Irish sausages should not be eaten by those in Northern Ireland who do not believe in evolution, was a fascinating examplar of British impotence as he failed to persuade anybody else to support him. It looks like Danish bacon for the shops of Belfast and Derry will have to be imported through Dun Laoghaire and not through Larne. Ho hum.

The really interesting thing about the G7 summit is that it wasn’t interesting. Nobody expected it to change the world, and it won’t. John Pilger pointed out the key fact. Twenty years ago, the G7 constituted two thirds of the world economy. Now they constitute one third. They don’t even represent most of the world’s billionaires any longer, though those billionaires they do represent — and indeed some of the billionaires they don’t represent — were naturally pulling the strings of these rather sluggish puppets.

It used to be that any important sporting event in any developing country would feature hoardings for western multinationals, such as Pepsi Cola and Nestle baby milk. Nowadays I am watching the Euros football pitches surrounded by electronic hoardings in Chinese. The thing about power is this; it shifts with time.

…click on the above link to read the rest of the article…

Commodities, Supply-Chains and Structural Changes in Demand

  • Talk of a new commodity super-cycle may be premature
  • Once GDP growth returns to trend, commodity demand will moderate
  • Fiscal and monetary relief are key to maintaining growth and demand
  • Structural changes in energy demand will prove more persistent

As the spectre of inflation begins to haunt economists, many market commentators have started to focus on commodity prices in an attempt to predict the likely direction of the general price level for goods and services. This indexing of the most heterogeneous asset class has always struck me as destined to disappoint. Commodity prices change in response to, often, small variation in supply or demand and the price of some commodities varies enormously from one geographic location to another. Occasionally the majority of commodities rise in tandem but more frequently they dance to their own peculiar tunes.

Commodity analysts tend to focus on Energy and Industrial Metals foremost; Agricultural Commodities, which are more diverse by nature are often left as a footnote. Occasionally, however, a demand-side event occurs which causes nearly all sectors to rise. The Covid-19 event was just such a shock, disrupting global supply-chains and consumer demand patterns simultaneously.

The chart below shows the CRB Index since 1995: –

Source: CRB, Yardeni

This chart looks very different to the energy heavy GSCI Index, which is weighted on the basis of liquidity and by the respective world production quantities of its underlying components: –

Source: S&P GSCI, Trading Economics

The small rebound on the chart above is not that insignificant, however, it equates to a 55% rise since the lows on 2020. The fact that prices collapsed, as the pandemic broke, and subsequently soared, as vaccines allowed economies to reopen, is hardly surprising. Economic cycles wield a powerful influence over commodity prices; short-term, inelastic, supply, confronted by an unexpected jump in demand, invariably precipitates sharp price increases.

…click on the above link to read the rest of the article…

Cooling effect of clouds ‘underestimated’ by climate models, says new study

Cooling effect of clouds ‘underestimated’ by climate models, says new study
 
*     *     *

Clouds could have a greater cooling effect on the planet than climate models currently suggest, according to new research.

The paper, published in Nature Climate Change, aims to correct a “long-standing” and “unaddressed” problem in climate modelling – namely, that existing models simulate too much rainfall from clouds and, therefore, underestimate their lifespan and cooling effect.

The authors have updated an existing climate model with a more realistic simulation of rainfall from “warm” clouds – those that contain water only, rather than a combination of water and ice. They find that this update makes the “cloud-lifetime feedback” – a process in which warmer temperatures increase the lifespan of clouds – almost three times bigger.

The authors note that the newest generation of global climate models – the sixth Coupled Model Intercomparison Project (CMIP6) – predicts faster future warming than its predecessors. This is largely because the new models simulate a smaller cooling effect from clouds.

However, the lead author of the study tells Carbon Brief that fixing the “problem” in rainfall simulations “reduces the amount of warming predicted by the model, by about the same amount as the warming increase between CMIP5 and CMIP6”.

Due to this, he says that the key takeaway from the study is to “take the extra warming in CMIP6 with a grain of salt until some of the other known cloud problems are also fixed in the models”.

Cooling clouds

The impact of clouds on global temperature is a complex area of research that scientists have been working on for decades.

In a Carbon Brief guest post published in 2018, Prof Ellie Highwood – professor of climate physics in the Department of Meteorology at the University of Reading – explains how clouds can affect global temperatures:

…click on the above link to read the rest of the article…

Today’s Contemplation: Collapse Cometh XIX

Today’s Contemplation: Collapse Cometh XIX

Tulum, Mexico (1986) Photo by author

Andrew Nikiforuk is an author and contributing editor of the online media site The Tyee. He has been writing about the oil and gas industry for close to 20 years. In his most recent article he writes about the lies being told by the Canadian government regarding its attempts to reduce carbon emissions. The Canadian government is certainly not alone in its misinformation (propaganda?) and one of the issues I believe is contributing to the lies is a (purposeful?) misidentification of our planet’s fundamental existential dilemma. Below is my comment on Andrew’s excellent discussion.

Thank you, Andrew. You’ve laid out the case for some very, very difficult decisions/choices/discussions that lay ahead of us.

I’m not convinced we will make what I consider to be the correct choices or even engage in some meaningful and productive dialogue since the changes that I believe are needed (degrowth) would be viewed as exceedingly painful to many as it challenges not only some core beliefs but what could be considered rights/entitlements/expectations regarding living standards (and it doesn’t help that we are genetically predisposed to avoid pain and seek pleasure). The brakes that need to be applied to some social practices/policies (perhaps most? all?) would also be challenged by some because I would contend the fundamental dilemma we are having to address is not necessarily carbon emissions, which I would argue is one of the consequences of the underlying issue, which is ecological overshoot.

The finite, one-time cache of easy-to-retrieve and cheap-to-access energy provided by fossil fuels has ‘fuelled’ an explosion in human numbers and sociopolitical/cultural/economic complexities unlike any other time in human pre/history. With this energy resource at our disposal we have constructed a complex, global, and industrialised world with technological wonders that would certainly appear magical to past generations.

…click on the above link to read the rest of the article…

Today’s Contemplation: Collapse Cometh X

Monte Alban, Mexico (1988) Photo by author

Circumstances have kept me sidetracked from writing for a few months. As life has settled a bit, although the spring weather keeps me busy working in the food garden, I felt it time to post again. Here is a comment I wrote this morning in the Tyee in response to an article on corporate bailouts and a call to give government more power.

Almost all of us live within a narrative matrix that we exist in a fair and transparent world where the ruling class exists to serve the people of a particular territory, that government and its efforts/energies are directed primarily towards benefitting the citizens it is supposed to represent, and that the resources of the nation will be distributed in a way that is equitable and just. We are taught such a world exists through our government education systems and repeatedly told this via our corporate media. If glitches in the matrix occur, it’s because of some particular individual’s defect but never a systemic problem.

A look through pre/history and a gentle scratch at the surface of this general perspective, however, will show that this view is all bullshit. The ruling class exists to benefit itself, and this is always done at the expense of its citizens. They have created an elaborate narrative to market themselves as ‘representatives’ of the people in an ongoing and expansive attempt to legitimise their rule and power. And the vast majority of people believe the stories (primarily to reduce the cognitive dissonance that is created when the notion of living within a massive, propagandised world where one has little true agency in sociopolitical and socioeconomic matters collides with the sociocultural myths of ‘representative’ government and citizen participation).

…click on the above link to read the rest of the article…

Tsunami Warning

Tsunami Warning

Tsunami Warning


A tsunami is a wall of water that wipes out everything in its path, typically caused by earthquakes. But first, the water actually disappears from the usual shoreline, leaving land where there should be sea.

A tsunami is a wall of water that wipes out everything in its path, typically caused by earthquakes. But first, the water actually disappears from the usual shoreline, leaving land where there should be sea.

If you are on the shore and see that happen, the correct response is to run for high ground. Tragically, though, people often rush toward this new and unusual sight. It’s hard to blame them; we humans are drawn to the unknown. This impulse explains much of our progress, but it has costs, too.

Right now, the stock market is in the land-where-there-should-be-sea phase. What we don’t know is when the wave is coming. Maybe there’s time to venture out and see what treasure was hidden beneath the waves… or maybe not. Prudence would suggest that we go searching for treasure on higher ground.

This is an age-old investor conundrum. How do you balance risk and reward? You have clues, but you can’t be certain of what is coming, or when it will arrive, or what it will look like. You know you need positive returns, but you also need to avoid major losses. The answers are never easy. You take your chances, no matter what you do. Today we’ll see what some of my favorite market wizards see on the horizon.

…click on the above link to read the rest of the article…

U.S. Oil Bankruptcies Shoot Up In Q1 2021

U.S. Oil Bankruptcies Shoot Up In Q1 2021

The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave of bankruptcies has significantly slowed since the peaks in the second and third quarter of 2020, law firm Haynes and Boone said in its latest tally to March 31.

The Oil Patch Bankruptcy Monitor showed that eight producers filed for bankruptcy this past quarter, which was the highest Q1 total since 2016 when 17 oil producers in North America sought protection from creditors.

Texas accounted for 50 percent of the total producer filings in the first quarter of 2021, with four in total, Haynes and Boone said.

The law firm noted that there were no producers with billion-dollar bankruptcies in Q2 2021, which had not happened since the third quarter of 2018.

The total debt for producers that filed in the first quarter was just over $1.8 billion—the second-lowest total for a Q1 after $1.6 billion in Q1 2019, according to Haynes and Boone.

Even though the number of first-quarter 2021 bankruptcies was the highest for a Q1 since 2016, it showed the trend of slowing filings after 18 oil and gas producers filed in the second quarter of 2020 and another 17 in the third quarter, the two quarters in which the oil price crash and the crisis were most severely felt by indebted producers.

Apart from eight producers, the first quarter of 2021 also claimed five oilfield services companies that filed for bankruptcy, Haynes and Boone data showed. This number is the third-lowest Q1 total since 2015, and much lower than 27 filings in Q3 2020 and another 17 filings from oilfield services companies in Q4 2020.

The aggregate debt for oilfield services companies that filed in Q1 2021 was over $7.2 billion—the third-highest Q1 total since 2015, but one company, Seadrill Limited, accounted for 99.8 percent of the aggregate debt for the quarter, Haynes and Boone said.

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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