When I lived in Wuhan in 2018 it was a great place to be.
I traveled to 15 different cities and finally Tibet.
I saw with my own eyes all the empty buildings and they were building more. The construction quality was the worst I have ever seen.
At some point China will use the Taiwan invasion to try and quell the civil unrest from their coming collapse. The amount of chaos and insanity from those events will be unimaginable.
Hell on earth is approaching for all of us. Prepare wisely.
Then cam the great financialization. Why do honest productive work when you can sit back and scam people sitting at your computer? Even worse, most people are too dumb to realize what is happening to them until it's too late.
We are burning the candle at both ends. One end is the energy factor. We need plenty of cheap easy to extract oil to power a debt fed world economy so it can "grow"- so as to service the debt.
Energy and debt. Eventaullay there will be a great culling and decline in living standards of western civilization. Thrid world countries will be on their own.
Careening from one extreme to the extreme other - the Chinese are so amusing [& frightening]. Someone once described China as having gone "...from infancy straight into senility..."
I had a glorious time, visiting a working-class hospital. I'd hide out with the doctors in the Nurses' Quarters. They'd be smoking those awful acrid cigarettes and I'd puff away on my Ramayana cigar. They were always curious and loved to practice their English. Much more innocent and open than I had been led to expect.
Their parents, of course, were the Maoist-insane Wokesters of the 1960s: the Little Red Guards, screaming and veins bulging as they trotted out managers, professors, any authority figure fit to wear a dunce hat, and gave them the shellacking of their lives.
What I failed to elaborate in the above blarney is how my appraisal tied in to the theme of the article: silly luxury purchases and desperate home ownership. I would venture to say that both of these phenomena are in tune with the extreme materialism and desire for wealth and material stability of the 1980s ~ onward generation.
Now (Oughties) you get the reaction, with the "lying-flat" kids, who see the cruelty of corporate life and desperate grasping for things. Action > Reaction
Coco Li, 46, used to spend about HK$600,000 ($101,453) a year — or roughly 20% of her income — buying luxury items.
She is mentally ill.
I was in Osaka recently ... the only decent coffee I could find near my hotel was in a Ralph Lauren shop https://www.ralphlauren.co.jp/contents/ralphs-coffee/ The coffee was priced reasonably.... however they were selling Ralph's coffee mugs for around USD40... nothing special... you could buy the same quality cup in Kmart for under 3 bucks...
The demonstrates how badly people are getting played when they buy designer trash for tens of thousands of dollars.... Basically they are telling everyone they are morons.
Yes, I remember when women started dumping their own precious weeks -old, helpless little
babies with strangers because “whoever died with the most toys wins“ was a bumper sticker many aspired to
This makes me really dislike Ronald Reagan. Family meant nothing after his presidency.
Also, the Chinese are getting karma back. Years ago, we worked with a lot of Chinese and they would brag to us that they go to Canada get it set up that their account would get welfare money every month and they would go back to China and just enjoy. They would say similar things about the United States. in fact many Chinese women were able to stay home with their kids and get a lot of free stuff while the husband worked yet they were able to afford much nicer home than almost any American. That was when I lived in New England.
And the best way out of economic collapse? A small victorious war! Or a big disastrous one that takes care of discontents by sending them all off to die in the trenches.
Is this part of the long game that is being played all around the world ie lead us into a bio digital society whether we like it or not? Most seemingly do but that is because they haven't been informed or asked. Sounds familiar.
The internet of things connects devices across the globe. The ultimate plan is to connect everything and everybody but first they are dismantling the current societies and economies. It is a war on the people waged by their own governments!
Conventional Oil Sources peaked in 2008 and the Shale binge has now spoiled US reserves, top investor warns Financial Times.
Preface. Conventional crude oil production may have already peaked in 2008 at 69.5million barrels per day (mb/d) according to Europe’s International Energy Agency (IEA 2018 p45). The U.S. Energy Information Agency shows global peak crude oil production at a later date in 2018 at 82.9mb/d (EIA 2020) because they included tight oil, oil sands, and deep-sea oil. Though it will take several years of lower oil production to be sure the peak occurred. Regardless, world production has been on a plateau since 2005.
What’s saved the world from oil decline was unconventional tight “fracked” oil, which accounted for 63% of total U.S. crude oil production in 2019 and 83% of global oil growth from 2009 to 2019. So it’s a big deal if we’ve reached the peak of fracked oil, because that is also the peak of both conventional and unconventional oil and the decline of all oil in the future.
Some key points from this Financial Times article:
The internet of things does not connect devices across the globe. My smart lights are not connected to my robot vacuum and they arent connected to other devices elsewhere either.
Bio digital society? What is that and how would it work without electricity?
Why do you say there won't be any electricity? Energy use by us will be reduced. Maybe there will there be fewer of us! Our way of living will change and be monitored 24/7. Nuclear and other sources can be used.
Maybe your smart devices are not connected at the moment but things are moving fast into a digital age eg "SMART" cities. 'Agenda 21' is The UN's Plan Of Action For The 21st Century. This plan is being implemented into every nation on earth that is a member of the UN. They all signed up for it. Even the USA. "America 2050" shows the plans for smart cities and 11 mega-regions.
Every aspect of life is in the process of being tokenised on a blockchain, including energy. The management of carbon and energy will mean continuous monitoring and managing on a blockchain. The Internet of Bio-NanoThings, which is a part of the Internet of Things, will connect biological cells to the internet. All the data has to go somewhere, so they are looking at using DNA for data storage.
When the financial system collapses... because there is not enough cheap energy to keep it from collapsing... global supply chains collapse - permanently...
Trade-Off
Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.
David Korowicz
Go to page 56 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://feasta.org/wp-content/uploads/2012/10/Trade_Off_Korowicz.pdf
V. Financial System-Supply-chain Cross Contagion Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world W. B. Yeats The Second Coming
Something sets off an interrelated Eurozone crisis and banking crisis, a Spanish default say, which spreads panic and fear across other vulnerable Eurozone countries. This sets off a Minsky moment when overleveraged speculators in the banking and shadow banking system are forced to unwind positions into a one-sided (sellers only) market.
The financial system contagion passes a tipping point where governments and central banks start to lose control and panic drives a (positive feedback) deepening and widening of the impact globally. In our tropic model of the globalised economy, the banking and monetary system keystonehub comes out of its equilibrium range, crosses a tipping point, and is driven away by positive feedbacks to some new state.
This directly links to another keystone-hub, production flows. Failing banks, fears of currency re-issue, fears of further default, collapse in Letters of Credit, and growing panic directly quickly shut down trade in the most affected countries. As the week progresses factories close, communications are impaired, social stress and government panic increases. After a week almost all businesses are closed, there is a rising risk to critical infrastructure.
Almost immediately internal trade and imports stops in the most affected countries, and there is impairment in a growing number of other countries. Trade is impaired globally via a credit crunch. This undermines exports from some of the most trade-central countries, with some of the most efficient JIT dependencies in the world.
This cuts inputs into the production and trade into countries that were initially weakly affected by direct financial contagion. Globally, the spread of trade contagion depends on complexity, centrality, and inventory times and once a critical threshold is passed spreads exponentially until the effect is damped by a large-scale global production collapse (implying another keystone-hub, economies of scale is driven out of equilibrium).
Trade contagion and its implications feed back into financial system contagion, helping drive further disintegration. The interacting and mutually destabilising effects of keystone-hubs coming out of equilibrium destroy the equilibrium of the globalised economy initiating a systemic collapse. Growing risk displacement in an increasingly vulnerable system is increasing the risk of system failure.
Once the financial system contagion crosses a particular threshold the de-stabilisation of the globalised economy will be exceedingly difficult to arrest; this point may be in as little as ten days.
Once a major system collapse occurs, scale, hysteresis, entropy, loss of critical functions, recursion failure, and resource diversion is likely to ensure that the features associated with the previous dynamic state of the globalised economy can never be recovered.
Yep, that seems quite likely which I assume is why they are attempting the 4th Industrial Revolution. Covid and the wars have given them somewhere to circulate their money for a while longer while they attempt to build a digital open prison.
If our industrial society continues to collpase and is not replaced by technocracy, do you see that as a good thing for humanity in the long run?
That is your view but we all see things differently. They want us to act like that as they need the end to be near. It leads to the break downs that they desire. And tends to mark out those who say it as nutters.
Our government is currently attacking us so I'd rather take on my neighbour any day of the week. They are less likely to harm me. Through history, people have had to take responsibility for their day to day lives. That has been lost to a large extent in our industrial society. If it breaks down, in the long run we may emerge in a better place.
Fear and believing the end is nigh suits them down to the ground. What seemed like science fiction a few years ago doesn't seem so far fetched now. They do tell us what is planned in films, as in some books. And in academic papers if we care to look. 2030 isn't far away.
"Development of technologies that will allow anyone willing to augment their physical, cognitive, and perceptional capabilities for specific tasks, and proposal of a new lifestyle that will be welcomed by society, by 2030".
When I lived in Wuhan in 2018 it was a great place to be.
I traveled to 15 different cities and finally Tibet.
I saw with my own eyes all the empty buildings and they were building more. The construction quality was the worst I have ever seen.
At some point China will use the Taiwan invasion to try and quell the civil unrest from their coming collapse. The amount of chaos and insanity from those events will be unimaginable.
Hell on earth is approaching for all of us. Prepare wisely.
You're demented.
And you can kindly go fuck yourself just the same.
Then cam the great financialization. Why do honest productive work when you can sit back and scam people sitting at your computer? Even worse, most people are too dumb to realize what is happening to them until it's too late.
We are burning the candle at both ends. One end is the energy factor. We need plenty of cheap easy to extract oil to power a debt fed world economy so it can "grow"- so as to service the debt.
Energy and debt. Eventaullay there will be a great culling and decline in living standards of western civilization. Thrid world countries will be on their own.
Careening from one extreme to the extreme other - the Chinese are so amusing [& frightening]. Someone once described China as having gone "...from infancy straight into senility..."
I had a glorious time, visiting a working-class hospital. I'd hide out with the doctors in the Nurses' Quarters. They'd be smoking those awful acrid cigarettes and I'd puff away on my Ramayana cigar. They were always curious and loved to practice their English. Much more innocent and open than I had been led to expect.
Their parents, of course, were the Maoist-insane Wokesters of the 1960s: the Little Red Guards, screaming and veins bulging as they trotted out managers, professors, any authority figure fit to wear a dunce hat, and gave them the shellacking of their lives.
Extreme to extreme.
What I failed to elaborate in the above blarney is how my appraisal tied in to the theme of the article: silly luxury purchases and desperate home ownership. I would venture to say that both of these phenomena are in tune with the extreme materialism and desire for wealth and material stability of the 1980s ~ onward generation.
Now (Oughties) you get the reaction, with the "lying-flat" kids, who see the cruelty of corporate life and desperate grasping for things. Action > Reaction
Coco Li, 46, used to spend about HK$600,000 ($101,453) a year — or roughly 20% of her income — buying luxury items.
She is mentally ill.
I was in Osaka recently ... the only decent coffee I could find near my hotel was in a Ralph Lauren shop https://www.ralphlauren.co.jp/contents/ralphs-coffee/ The coffee was priced reasonably.... however they were selling Ralph's coffee mugs for around USD40... nothing special... you could buy the same quality cup in Kmart for under 3 bucks...
The demonstrates how badly people are getting played when they buy designer trash for tens of thousands of dollars.... Basically they are telling everyone they are morons.
20% of her income... wow
Not only am I happy that I never bought one, but I would be ashamed to carry those bags around and look like a fool. The sad part is they are so ugly.
Yes, I remember when women started dumping their own precious weeks -old, helpless little
babies with strangers because “whoever died with the most toys wins“ was a bumper sticker many aspired to
This makes me really dislike Ronald Reagan. Family meant nothing after his presidency.
Also, the Chinese are getting karma back. Years ago, we worked with a lot of Chinese and they would brag to us that they go to Canada get it set up that their account would get welfare money every month and they would go back to China and just enjoy. They would say similar things about the United States. in fact many Chinese women were able to stay home with their kids and get a lot of free stuff while the husband worked yet they were able to afford much nicer home than almost any American. That was when I lived in New England.
And the best way out of economic collapse? A small victorious war! Or a big disastrous one that takes care of discontents by sending them all off to die in the trenches.
Is this part of the long game that is being played all around the world ie lead us into a bio digital society whether we like it or not? Most seemingly do but that is because they haven't been informed or asked. Sounds familiar.
The internet of things connects devices across the globe. The ultimate plan is to connect everything and everybody but first they are dismantling the current societies and economies. It is a war on the people waged by their own governments!
Impossible -this will not happen:
Conventional Oil Sources peaked in 2008 and the Shale binge has now spoiled US reserves, top investor warns Financial Times.
Preface. Conventional crude oil production may have already peaked in 2008 at 69.5million barrels per day (mb/d) according to Europe’s International Energy Agency (IEA 2018 p45). The U.S. Energy Information Agency shows global peak crude oil production at a later date in 2018 at 82.9mb/d (EIA 2020) because they included tight oil, oil sands, and deep-sea oil. Though it will take several years of lower oil production to be sure the peak occurred. Regardless, world production has been on a plateau since 2005.
What’s saved the world from oil decline was unconventional tight “fracked” oil, which accounted for 63% of total U.S. crude oil production in 2019 and 83% of global oil growth from 2009 to 2019. So it’s a big deal if we’ve reached the peak of fracked oil, because that is also the peak of both conventional and unconventional oil and the decline of all oil in the future.
Some key points from this Financial Times article:
https://fasteddynz.substack.com/p/the-ultimate-extinction-plan-uep
The internet of things does not connect devices across the globe. My smart lights are not connected to my robot vacuum and they arent connected to other devices elsewhere either.
Bio digital society? What is that and how would it work without electricity?
Why do you say there won't be any electricity? Energy use by us will be reduced. Maybe there will there be fewer of us! Our way of living will change and be monitored 24/7. Nuclear and other sources can be used.
Maybe your smart devices are not connected at the moment but things are moving fast into a digital age eg "SMART" cities. 'Agenda 21' is The UN's Plan Of Action For The 21st Century. This plan is being implemented into every nation on earth that is a member of the UN. They all signed up for it. Even the USA. "America 2050" shows the plans for smart cities and 11 mega-regions.
Every aspect of life is in the process of being tokenised on a blockchain, including energy. The management of carbon and energy will mean continuous monitoring and managing on a blockchain. The Internet of Bio-NanoThings, which is a part of the Internet of Things, will connect biological cells to the internet. All the data has to go somewhere, so they are looking at using DNA for data storage.
When the financial system collapses... because there is not enough cheap energy to keep it from collapsing... global supply chains collapse - permanently...
Trade-Off
Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.
David Korowicz
Go to page 56 chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://feasta.org/wp-content/uploads/2012/10/Trade_Off_Korowicz.pdf
V. Financial System-Supply-chain Cross Contagion Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world W. B. Yeats The Second Coming
Something sets off an interrelated Eurozone crisis and banking crisis, a Spanish default say, which spreads panic and fear across other vulnerable Eurozone countries. This sets off a Minsky moment when overleveraged speculators in the banking and shadow banking system are forced to unwind positions into a one-sided (sellers only) market.
The financial system contagion passes a tipping point where governments and central banks start to lose control and panic drives a (positive feedback) deepening and widening of the impact globally. In our tropic model of the globalised economy, the banking and monetary system keystonehub comes out of its equilibrium range, crosses a tipping point, and is driven away by positive feedbacks to some new state.
This directly links to another keystone-hub, production flows. Failing banks, fears of currency re-issue, fears of further default, collapse in Letters of Credit, and growing panic directly quickly shut down trade in the most affected countries. As the week progresses factories close, communications are impaired, social stress and government panic increases. After a week almost all businesses are closed, there is a rising risk to critical infrastructure.
Almost immediately internal trade and imports stops in the most affected countries, and there is impairment in a growing number of other countries. Trade is impaired globally via a credit crunch. This undermines exports from some of the most trade-central countries, with some of the most efficient JIT dependencies in the world.
This cuts inputs into the production and trade into countries that were initially weakly affected by direct financial contagion. Globally, the spread of trade contagion depends on complexity, centrality, and inventory times and once a critical threshold is passed spreads exponentially until the effect is damped by a large-scale global production collapse (implying another keystone-hub, economies of scale is driven out of equilibrium).
Trade contagion and its implications feed back into financial system contagion, helping drive further disintegration. The interacting and mutually destabilising effects of keystone-hubs coming out of equilibrium destroy the equilibrium of the globalised economy initiating a systemic collapse. Growing risk displacement in an increasingly vulnerable system is increasing the risk of system failure.
Once the financial system contagion crosses a particular threshold the de-stabilisation of the globalised economy will be exceedingly difficult to arrest; this point may be in as little as ten days.
Once a major system collapse occurs, scale, hysteresis, entropy, loss of critical functions, recursion failure, and resource diversion is likely to ensure that the features associated with the previous dynamic state of the globalised economy can never be recovered.
Yep, that seems quite likely which I assume is why they are attempting the 4th Industrial Revolution. Covid and the wars have given them somewhere to circulate their money for a while longer while they attempt to build a digital open prison.
If our industrial society continues to collpase and is not replaced by technocracy, do you see that as a good thing for humanity in the long run?
There is no fourth industrial revolution.
Long run? There is NO long run https://fasteddynz.substack.com/p/the-ultimate-extinction-plan-uep
That is your view but we all see things differently. They want us to act like that as they need the end to be near. It leads to the break downs that they desire. And tends to mark out those who say it as nutters.
You're going to get such a shock when the actual future happens.
I hope so. What do your tea leaves show you?
Human skulls being smashed in with rocks.
Our government is currently attacking us so I'd rather take on my neighbour any day of the week. They are less likely to harm me. Through history, people have had to take responsibility for their day to day lives. That has been lost to a large extent in our industrial society. If it breaks down, in the long run we may emerge in a better place.
Like this https://youtu.be/avjdKTqiVvQ
Fear and believing the end is nigh suits them down to the ground. What seemed like science fiction a few years ago doesn't seem so far fetched now. They do tell us what is planned in films, as in some books. And in academic papers if we care to look. 2030 isn't far away.
"Development of technologies that will allow anyone willing to augment their physical, cognitive, and perceptional capabilities for specific tasks, and proposal of a new lifestyle that will be welcomed by society, by 2030".
https://www8.cao.go.jp/cstp/english/moonshot/sub1_en.html
YIKES.
GREAT reporting. Thank you.