Crisis Of Capitalism? Or Just More Scaremongering By The Elite Control Freaks?

 Many articles, reports and essays published in the past month have warned of the coming collapse of the global economy, the unsustainability of democratic nations' debt burdens and the destructive effects of policies like Net Zero and mass migration, in ways that suggest the 'capitalist economies' of democratic nations are in a terminal crisis.

Although capitalism is usually described as a system of free markets and voluntary exchange, in reality, it frequently relies on collusion, corruption and state-corporate coercion and violence. Given the extent of government and NGO intervention and manipulation of markets by global banks and corporate business there is little free or voluantary about it.

While it is debatable whether “free markets” ever existed this notion obscures rather than reveals what really happening. In the history of capitalism (300-400 years ago) it has undergone many changes. Most important for this discussion is that what is described as “free market capitalism” is really what is was known as capitalist free-competition. This form of capitalism indeed does look like what (US) Libertarians sing hosannas to (innovative, responding to demand efficiently etc).

However, while this form of capitalism still exists, it is vastly subordinated to monopoly capitalism, which is also known as finance capitalism and imperialism. This transformation to the dominance of finance capital was in place by 1900. Ukraine, Iran – these are imperial project by the West. Imperialism requires total domination. Sovereign independence is not acceptable to the imperial countries (US, Britain, Europe). Besides a much greater level of control over the populations of the imperial core, another objective of the Covid policies was to transfer the crisis of finance capital’s need for superprofits to exploit its own population – a massive transfer of wealth to oligarchs of finance capital.

If you command $10 thousand dollars of capital, you can have a nice vacation for your family. If you command $10 Trillion dollars of capital, you can buy countries, wars, the future of humanity itself. It is the degree of concentrated wealth that really determines imperialism. If you want you can call the “globalists” imperialists. They are. The problem is that monopoly capitalism grew out of the capitalism of free-competition, it interpenetrates everything.

FROM THE ARCHIVE: 

Swedish Media Outlet Publishes Leaked U.S. Document On How to CRUSH Europe Economy via Ukraine War Effort
Swedish news organisation Nya Dagbladet has published a leaked top secret US plans to use the war in Ukraine and an induced energy crisis to destroy European economies. The report claims the RAND Corporation a defence and foreign policy think tank founded by military aircraft maker Douglas has the official aim of improving policies and decision-making, is the source of its evidence.

Has Putin Has Pushed Europe Into Economic Depression, Hyperrinflation and Currency Collapse?
Though it was entirely predictable and indeed had been expected for some time, the news over the weekend that the Nord Stream 1 pipeline which feeds gas from Russia to northern Europe via The Baltic route had been shut down completely by The Kremlin in retaliation for the continued financial and military support given by NATO and EU member states to Ukraine in the conflict with Russia. The European Commission, governing body of the EU, immediately put the community on something close to a war footing, ...
Continue reading >>>

The True Cost Of The Green Energy Boom Is Now Being Realized
For four decades we have been fed a constant stream of propaganda assuring us that green energy was the only way forward if we wanted to secure supplies of the energy essential to a modern society while preventing the environmental catastrophes that would be the inevitable consequence of climate change caused by the Carbon Dioxide (CO2) emitted by human industrial, commercial and social activity. ... Continue reading >>>

Do We Have A Winter Of Civil Disobedience Ahead?
As many people in Britain slap on the apres sun gloop in the wake of what passes for a heatwave in these cool cloudy climes, our inept politicians caught with their pants down by unusual weather as usual have heard that that winter is coming and are making plans for a coldwave. We are in the grip of an energy crisis at the height of summer. Last week, it was reported that the UK government is laying down plans for a “reasonable worst-case scenario” including blackouts for industry and even households. And this is as energy prices spiral out of control to new records every day.

The Truth About Coal And The Lies Of The Elite
So much for all the COP 26 banter late last year. Let me remind you. The elites all flew in on their private jets and promptly told us we’re all (royal we) getting off fossil fuels and killing coal.So how’s that turning out? The usage of coal is now at record highs:

Britain is Breaking Down; The Economy Is Struggling, Living Standards Are Falling, Institutions Are Failing
Successive governments have brought Britain to its knees.This article will focus on Britain as representative of the general malaise that is afflicting almost all the developed world. Our current crop of politicians have discarded the resources that brought the country out of the post war decline ... In spite of being rich in energy resources Britain is now in an energy crisis, our leaders have sacrificed prosperity on the altar of Net Zero, committing the nation to our reducing our 1% contribution to harmful emissions still further ...

Official Advice - Prepare For Blackouts This Winter

The UK government is putting plans together for days of organised blackouts this winter, in what they call a "reasonable worst-case scenario" for energy shortages, according to reports in manstream media. Naturally they are blaming this on the embargo on importing gas from Russia but in reality Britain has never imported any more than a small amout of its gas from Russia. The real reason politicians and energy company CEOs are panicking is entirely due to their obession with obtaining all our energy from intermittent sources like wind and sunshine ...

"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off
Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again. 

If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.

Is Russia Selling Its Oil To The World Through An Obscure Egyptian Port?
As this blog predicted when NATO and EU member states shot themselves in the foot by reacting to Russia's invasion of Ukraine with sanctions that prevented Russia from selling oil, gas and vital raw materials to the countries that needed them most, the NATO and EU member states, the Russians have had no problems finding alternative customers for their gas and oil and no problem getting oil into the world's commodity markets through the back door.

Has Putin Has Pushed Europe Into Economic Depression, Hyperrinflation and Currency Collapse?
Though it was entirely predictable and indeed had been expected for some time, the news over the weekend that the Nord Stream 1 pipeline which feeds gas from Russia to northern Europe via The Baltic route had been shut down completely by The Kremlin in retaliation for the continued financial and military support given by NATO and EU member states to Ukraine in the conflict with Russia. The European Commission, governing body of the EU, immediately put the community on something close to a war footing, ...
Continue reading >>>

Jingoistic Western Triumphalism Will Not End The War In Ukraine Or Cripple Putin, But It Is Crippling Western Nations
As the war in Ukraine grinds on and Russia steps up its economic war against the west and in particular The European Union, claims made recently by the idiotically 'woke' leaders of Europe's main economic and military powers that the West has a once-in-a–generation chance to severely weaken Russia’s capabilities, both militarily and geopolitically, look increasingly hollow. Putin's critics have cited 'Western unity' as one of the main reasons why Russia will be economically destroyed and politically humiliated when the Ukraine's military finally claim victory.

European Union Is Again Close To A Meltdown As Eurozone Economy Collapses
Once more we return to the political instability and economic fragility of the European Union as the conflict in Ukraine combined with loonytoons Climate Change mitigation policies, the failure of 'sustainables' to meet ever increasing demand for electricity, fod shortages and rampant price inflation put economic and social pressure on governments of member states ...

Debunked: The Great Renewable Green Delusion
The war in Ukraine has not caused the global energy crisis of early 2022 byt merely exacerbated it. Currently the nations currently in conflict with Russia over its incursion into Ukraine are those which are most dependent for their energy needs on Russian oil and gas. And now their loonytoons 'net zero' green energy policies have failed they are biting the hand that feeds them.

Putin, Macron To Hold Urgent Talks To Halt Military Escalation In Ukraine
Even though the leaders of Ukraine itself are talking down the threat of war with Russia over the breakaway region of Donbas, America and Britain are still beating the war drums and demonising Russian leader Vladimir Putin. Russia insists they have no plans to invade Ukraine and one western leader at least, France's Emmanuel Macron, seems to be listening to messages coming out of the East European trouble spot...

British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>

Italy Pondering Total Ban On Unvaccinated In The WorkplacesItaly's unelected governments, which has already faced riots and massive resistance to its authoritarian measures to strip away citizens rights and liberties under cover of pretending their actions are necessary steps to deal with the pandemic, now risks plunging the country into greater chaos by mandating vaccines for the workplace.
EXPLORE
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ]

Thousands Of Protesters In Germany Demand Mass Deportations Following Christmas Market Attack by Immigrant Doctor

 

 
Protesters call for ‘Remigration now!’ following the attack in Magdeburg Credit: Christian Mang, Daily Telegraph

Furious anti - immigraton protesters took to the streets of Germany last night to demand mass deportations after a Saudi doctor allegedly killed five people during a devastating attack on a Christmas market.

Taleb al-Abdulmohsen, 50, is accused of ramming his SUV into a packed market in the town of Magdeburg on Friday night, killing four women aged 45 to 75 and nine-year-old André Gleißner as well as injuring over 200 people. 

Al-Abdulmohsen’s personality and motivations appear confused.As news of the attack broke many news organisations (this one included,) assumed the attack had been caried out by Islamic fundamentalists by that was quickly contradicted by official sources in Germany which described him as an AfD supporting anti - Muslim.

As a self-professed “Saudi atheist”, he helped women flee Gulf countries and complained that German authorities were not doing enough to help them in the past according to government sources. He has also criticised other Muslim migrants and war refugees for entering Germany illegally and supporting conspiracy theories about the planned “Islamisation” of Europe.

Indeed, Nancy Faeser, the German interior minister, said on Sunday that “he acted like an Islamist terrorist although ideologically he was clearly an enemy of Islam”. However not everybody agrees. Many commentators, some from mainstream media even, have expressed concerns that the information didn't add up for many and a large section of ex-Muslims are claiming that Taleb wasn't an ex-Muslim at all, and it was a big conspiracy.

The ex-Muslims are claiming that Taleb was a Shia extremist who carefully nurtured this atheist image over the years to hoodwink everyone, using the concept and licence of taqiyyah to further his Islamist goals.

Would it be an ex-Muslim or an Islamic extremist who would target a Christmas market, and in effect Christians, ex-Muslims are asking. They are also asking if Taleb had put on the ex-Muslim garb just to facilitate his asylum or was it part of some bigger devious plan.

The whole narrative seems just too convnient for a recently failed government that has always supported open borders and mass immigration, and has consistently put the interests of Muslim immigrants ahead of German pople. Far-right, atheist or not, Abdulmohsen was an asylum seeker turned terrorist.

Around 700 demonstrators gathered in Magdeburg last night, with people holding a banner with the word 'Remigration Now' and so-called homeland flags. 

The protesters, described by German far - left tabloid Bild as right-wing extremists and hooligans, marched through Magdeburg shouting: 'Anyone who doesn't love Germany should leave Germany', 'Migration kills' and 'We must take back our cities, our villages and our homeland'. 

Some of the demonstrators reportedly wore masked and were aggressive, resulting in minor scuffles with police. 

If Taleb al-Abdulmohsen had been a Muslim apostate as initially reported, then there would have been no suggestion that he had “acted alone”. But we were still right that he was the sort of person whom our lords and masters were supporting in Syria, much of which is under the control of various groups of religious fanatics who have no love for each other but share an irrational hatred of Syrias many non Muslim minorities. 

In having attacked a Christian target al-Abdulmohsen is firmly in the tradition of the church-bombers and church-burners of Gaza and Lebanon, of the West Bank and the Armenian Quarter. In that same tradition are all of the purported liberators of Syria.

 

Acknowledgement:
India Today provided a source fot information not reported by western media

Sri Lanka Police Hunt Islamic Cleric Who Released A Video Justifying Easter Terror Attack
A search operation has been launched to arrest a Maulvi (Chief Islamic Cleric) of Vavuniya and Chettikulam divisional mosques who released a eight-minute long video clip via internet justifying the Easter bomb attacks on Sunday, Sri Lanka Mirror reported. Vavuniya police announced that they plan to arrest the Maulvi for justifying the horrific terror attack. … Continue reading

Over 200 killed in Sri Lankan Christian churches on Easter Sunday

Over 200 people were reported killed and at least 450 injured in bomb blasts that devastated Christian churches and luxury hotels in Sri Lanka, the island nation to the south of India on Easter Sunday. It is the first major terrorist attack in the region since the Mumbai massacre of 2007 and the first on the Indian Ocean island, excluding actions related to civil war.

Hijab wearing, Jihad supporting U.S. Congresswoman refuses to condemn stoning of gays. Muslim Intolerance
The Left Do Not Tolerate Diversity
How Can The ‘Left’ Talk Of Equality When They Don’t Tolerate Diversity Of Opinion
Bestselling Author Fired for Mocking Publisher’s Diversity Policy
Media Silence Surrounds Muslim Massacre of Christians

‘Are we tolerant or STUPID?’ - Question Time Audience FURY Over UK ISIS Bride
The audience at the BBC TV QUESTION Time political Q & A erupted into applause last night when a member of the public attacked a suggestion from one of the expert pannelists who said that Shamima Begum, the 'ISIS bride' who left the UK to support the bid of ISIS, the bid to recreate the medieva; Islamic Caliphate, should be allowed back into Britain.

Macron Vows to Fight ‘Islamist Separatism’ with New Reforms

French President Emmanuel Macron has declared his government will fight against “Islamist separatism” with reforms including ending residency for foreign imams.

The Islamic Republic Of France
France’s left-wing elite are accused of cowardice for failing to support 16-year-old girl facing death threats after she insulted Islam online, the ruling class have been also accused of cowardice for failing to support a 16-year-old girl who has faced death threats after she allegedly insulted Islam online.

Undercover With The Clerics - Iran's Secret Sex Trade
I caught a few minutes of a BBC2 documentary last night while looking for the news headlines before going to bed. It was about Iraq's secret sex trade and what I was watching was Iraqi clerics talking about how Sharia Law justifies sex with children. One guy told how for the equivalent of £200 he arranged a "pleasure marriage" (a temporary marriage,) between a thirtyish man and a 9 year old girl.

United Nations set to impose global ban on criticism of Islam

We have reported before on The United Nations (UN), a supra - national organisation made up of elitists appointed by other elitists, overreaching its mandate and trying to act as a global government, imposing policies that nobody voted for, formulated by bureaucrats that nobody voted for, for on the sovereign nations of the world.

United Nations set to impose global ban on criticism of Islam

We have reported before on The United Nations (UN), a supra - national organisation made up of elitists appointed by other elitists, overreaching its mandate and trying to act as a global government, imposing policies that nobody voted for, formulated by bureaucrats that nobody voted for, for on the sovereign nations of the world.

Liberal Democrats suspend candidate for failing to support homophobia, rape, wife beating and FGM

Related topics from posts we read

Stockholm: 51% Of Women Feel Unsafe Going Out At Night

New World Order

Sharia Spain: Prosecutor demands prison sentence for man who criticized Islam on Facebook

What We've Lost To Globalism
The Liberal Democrats, if they were honest, ought to rebrand themselves The Liberal Hypocrites. After 30 years screeching in sheer horror about the way civilised societies treat women, homosexuals, criminals, and the absolute refusal of some immigrant groups to even tolerate let alone integrate with the laws and customs of liberal democracies. In short The Liberal Hypocrites have joied those political factions that, in an orgy of virtue signalling, have placed Islam beyond honest criticism.

UK Government Loves Extremists, bans Opponents Of Extremism
If it sometimes seems possible to the causual obsrver that the UK government has greater committment to Islam than to serving the interests of Christian and secular people who make up the vast majority of the population, it will seem blatantly obvious after you have read this article.

Extremist Muslim Group Influence Government Report On IslamophobiaControversial Muslim activist group MEND, which has ben involved in promoting extremism as well as lobbying the government in support of further Islamification of british institutions, has “exerted decisive intellectual influence” in the government's first report from a think tank looking at Islamophobia in Britain, according to a research note.

Election fraud allowed to take place in Muslim communities because of ‘political correctness’, report warns
lection fraud has been allowed to take place in Muslim communities because of “political correctness”, a major report finds as it calls for unprecedented reforms to the British voting system. In a report commissioned by the Government, Sir Eric Pickles, the former Conservative Cabinet minister, today warns that the authorities are in a “state of denial” and are “turning a blind eye” to election fraud.

Western Nations Are Not The Only Ones Having Problems With Islam
Late last month the European Court of Justice (ECJ), an offshoot of the Cultural Marxist empire known as the European Union ruled that a woman who had referred to Mohammed, the prophet of Islam as a paedophile was guilty of blasphemy under Sharia Law it was the most abject, snivelling surrender yet by any western … Continue reading

Leaked Document: United Nations Says Immigration Is Always Good And Should never Be Restricted
Only days after the European Court Of Human Rights (ECHR) ruled to reintroduce the notion of criminal blasphemy to Europe, but only for criticism of Islam, a news reporter for German independent TV station RTL reported on a leaked United Nations document which reveals that corrupt bunch of paskudniaks plan to use immigration from third world shithole countries to destroy western civilisation.

US Lobbying Group Accuses UK of ‘Attempting to Silence Criticism of Islamism
Tommy Robinson – picture: Huffington Post Controversial British activist Tommy Robinson was arrested on contempt of court charges earlier this year for filming inside Canterbury Crown Court while four suspected rapists were being tried. Robinson, real name Stephen Yaxley-Lennon, has been invited to the USA to speak at a closed-door conservative event and publicly address Americans in Washington. The … Continue reading

‘Islamic State’ kidnaps dozens of women and children in Syria
Druze protest against persecution by Sunni Muslim extremists. (Picture: http://www.middleasteye.net ) The war in Syria is not quite over yet. While forces loyal to the secularist dictator Bashar al Assad are now in control of the more populous northern and coastal regions, the Sunni Muslim fanatics of ISIS fight on in more remote parts of … Continue reading

[ Terror catalogue ] ... [ ISIS genocidists ] ... [ Islam cultural conflict ] ... [ Islamic extremism UK ] ... [ Appeasing Islam ]

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Blog Bulletin ]

In Spite Of Government Bail out And Takeover by UBS, Swiss bank giant Credit Suisse loses more than 60 percent of its value

 

As we reported on Monday, the collapse of Swiss banking giant Credit Suisse sent shock waves through global stock markets that are still reverbrating. Banking and finance corportions experienced a sharp drop in value following the announcement by Swiss authorities that troubled Credit Suisse would be taken over by UBS Group. In an effort to prevent an international banking crisis, central banks took action to alleviate concerns, the UK’s Daily Mail reported.

In premarket trading today, Credit Suisse shares continued to fall, now having dropped 60.5% since news of the bank's financial troubles broke at weekend. When markets opened this morning they hit a new low while UBS itself experienced an 8% loss. These movements came after a frenetic dumping of European banking shares on Asian markets, where what little investor confidence there had been in official measures to contain a banking crisis evaporated quickly, the report continued.

On Sunday, after a cash injection of €54billion by Switzerlands Central Bank had failed to save the retail banker, the most notable intervention since the global financial crisis of 2008 occurred, with UBS acquiring Credit Suisse for 3 billion francs ($3.2 billion) in a sudden merger, and the world’s leading central banks committing to daily dollar funding offerings. In a deal orchestrated by Swiss regulators, UBS Group AG agreed to take over the 167-year-old Credit Suisse Group AG and absorb potential losses of up to $5.4 billion, said the outlet.

The central banks of the world announced coordinated actions to stabilize banks. They also provided access to a loan facility that allows banks to borrow dollars from the United States if needed, which was a common practice during 2008’s crisis. However with the status of the US$ as global reserve currency no longer assured, a repeat of that policy may not guarantee the same result.

The UBS acquisition has caused investors to focus on the huge financial loss that Credit Suisse bondholders will suffer. This has increased anxiety about key risks such as contagion and the fragility of U.S. regional banking systems, said the report. There is also a continuing concern about the financial health on mant banks in the European Union.

Key player in the deal to save Credit Suisse were the central bank of Switzerland, the Swiss National Bank. That’s the very same central bank that had quietly bailed out UBS, the new owner of Credit Suisse, during the financial crisis of 2008 with the assistance of similar dollar swap lines from the Federal Reserve (the “Fed”) – the central bank of the U.S.

In 2011, following an audit of its activities by the Government Accountability Office into its activities the Federal Reserve “In October 2008 the Federal Reserve Board allowed the Swiss National Bank to use dollars under its swap line agreement to provide special assistance to UBS, a large Swiss banking organization. Specifically, on October 16, 2008, the Swiss National Bank announced that it would use dollars obtained through its swap line with FRBNY [the Federal Reserve Bank of New York] to help fund an SPV [Special Purpose Vehicle] it would create to purchase up to $60 billion of illiquid assets from UBS. According to FRBNY data, from December 11, 2008, through June 2009, Swiss National Bank drew dollar amounts generally not exceeding about $13 billion to help fund this SPV that served a function similar to that of the Maiden Lane SPVs. Federal Reserve Board staff acknowledged that this was an atypical use of swap line dollars as the swap line agreements were initially designed to help foreign central banks provide dollar loans broadly to institutions facing dollar funding strains.”

Little wonder then that the takeover of Credit Suisse by UBS has failed to restore confidence and in fact seems to have increased investors nervousness about what may be about to happen in global finance.

As markets opened today, European bank shares plunged by more than 5 percent. Credit Suisse’s shares plunged over 63 percent while those of acquirer UBS fell nearly 13 percent. The wider European STOXX 600 dropped 1.6 percent before making a modest recovery.

RELATED:

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and 'paper' oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets's Oil-Price Monopoly
Significant moves in the global chess game have just rendered the huffing and puffing of warmonger Obama meaningless and will break Wall Street's monopoly in controlling oil markets. The move is part of Vladimir Putin's long-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, in effect ...

Corporate Banker's $1.5 Quadrillion Conspiracy: EU Accuses 13 Banks Of Operating A Derivative Trading Cartel Debt, how much of a threat to ordinary people is it? The truth might frighten you which is why bank bosses, government leaders and media pundits are not eager to tell the truth. What can we do? Not much in the short term, in the long term, reclaim the sovereignty of our nations and our individual sovereignty and tell the world view thinkers their crazy ideas have maxed out their credit.

Believe The Phoney Narrative Or Be Branded a Conspiracy Theorist.
Right now the west is in big trouble, the move led by Russia and China to dump the petrodollar as global currency has provoked the Americans to lead the wesern allies into an economic war that we cannot win. Why not? One word: debt. A shooting war is the only option but it's by no means certain the allies would win that.

America's GDP Surges 4% in Quarter 2 - Jonathan Creek Shows How The Trick Is Done
This morning the US Bureau of Economic Analysis, an agency of the Commerce department revealed Q2 GDP statistics which blew made nonesense of estimates, showing year on year growth for the second quarter at 4.0%. This was explained as the result of a surge in Inventories and Fixed Investment, while exports added only 1.23% to the GDP number. The full breakdown by component is shown below.

Foreign Exchange Market Rigging: Another Conspiracy Theory Exposed As Truth
The people who findly imagine themselves to be realists, rationalists and scientific thinkers have been yelling conspiracy theory for a long time now at those of us with the nous to work out what's really going on. well evidence is overrated because by the time it has come together the scam has been done and the perps (Goldman Sachs and the usual suspects) are away with the money.

Corporate Banker's $1.5 Quadrillion Conspiracy: EU Accuses 13 Banks Of Operating A Derivative Trading Cartel
Debt, how much of a threat to ordinary people is it? The truth might frighten you which is why bank bosses, government leaders and media pundits are not eager to tell the truth. What can we do? Not much in the short term, in the long term, reclaim the sovereignty of our nations and our individual sovereignty and tell the world view thinkers their crazy ideas have maxed out their credit. Was The Banks' Cypriot Smash And Grab A Rehersal
Washington Signals Fears Over Dollar
European sovereign debt crisis could cause Eurozone implosion – ex-BoE chief
Are government economists and mainstream media finally catching up with what The Daily Stirrer and Boggart Blog’s finance expert Phil T Looker has said since we started publishing? Former Bank of England chief Mervyn King has written an article warning that Eurozone deabt problems pose a bigger threat to the EU than a British OUT vote in the referendum

CEO Of World's Leading Shipping Company Delivers Downbeat Assessment Of Global Economy
While governments and mainstream media news continue to peddle a rosy picture of economic prospects, achieved by statistical jiggery pokery, money printing and they good old fashioned political ploy of telling blatant lies, the real economic indicators tell us this economic view is an illusion. Every month governments tell us the unemployment figure is down but do not tell us how many people have been eliminated from the figure

Baltic Dry Index Crashes. The Global Economy Is Coming To A Standstill
Since we reported in November that The Baltic Dry Index, published by London's Baltic Exchange, had hit record lows, this little known but very important trade index has continued falling. Which means there is not much stuff moving round the world, which means not much trade is getting done. Which means we're in trouble.

The Mysterious Case Of Dubai's Disappearing Gold
The story came to light when previously unknown Dubai gold trading house, Gold.AE suddenly announced it was going out of business. This news sparked wide interest in Gold AE and it was discovered the trader had been the middle man through which Turkish physical gold was moved "legally" to Dubai, from where it travelled on to Iran (after Dubai 'investors' had pocketed millions in fees and commissions, as payment for sanctions busting trades.

Why Iceland Recovery Is Being Ignored In Mainstream News
Iceland is a small country with less that half a million people so is not a good comparison with Britain. It's recovery from near bankruptcy in the wake of the 2008 financial crisis however is due to the rejection of politically correct, globalist politics so in that light it serves to illustrate that to suggest Britain (60 million people) cannot survive outside the EU is just globalist scaremongering.

Even The BIS Is Shocked At How Broken Markets Have Become.
If the Bank of International Settlements (BIS) the bank where banks and governments do business is worried about the state of the markets, we are in bigger trouble than anyone is letting on.

You’re not feeling the economic boom are you? Here’s why
Our government keeps talking about economic recovery, so does the Obama administration in the USA and the bureaucratic dictatorship of unelected penpushers in the European Union headquarters, Brussels. but in the perception of most people, things are not getting better, in fact they are getting worse. So where's this economic 'growth' they keep talking about. Well nothing is ever what is seems to be, all the economic growth is in prostitution, drug dealing, gun running and smuggling ...

Things That Make You Boggle ... Like The Misplaced Confidence Of Academics
Why are economics academics always so sure that their predictions are correct. Given the abysmal record on economists on calling the economic trends correctly even after they have happened let alone ahead of the trend, you would think exponsents of the dismal science would be a little more cautious in proclaiming their gusses as evidence backed facts. They never seen to learn however.

New Global Crisis Imminen, New Geneva Report Warns The Geneva Report refers to a “poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation”. The total burden of world debt, private and public, has risen from 160 per cent of national income in 2001 to almost 200 per cent after the crisis struck in 2009 and 215 per cent in 2013. “Contrary to widely held beliefs, the world has not yet begun to delever and the global debt to GDP ratio is still growing, breaking new highs,” the report said.

[ Bankers rigged markets ] ... [ Banks new scandal ] ... [ Debt: feeding the monster ] ... [ The Fiscal Cliff ] ... [ Making Money From Nothing ]

The Truth About Coal And The Lies Of The Elite

 

COAL IS THE NEW BLACK

 Chris McIntosh, Capitalist Exploits via Zero Hedge, 17 August 2022

So much for all the COP 26 banter late last year. Let me remind you. The elites all flew in on their private jets and promptly told us we’re all (royal we) getting off fossil fuels and killing coal.

So how’s that turning out?

The usage of coal is now at record highs:

Global Coal-Fired Electricity Generation Surges To Record High

Global electricity generation from coal, 1985-2021

Coal is largely an Asian story (namely China and India):

Global coal-fired generations, 1985-2021

We wonder if coal miners’ production schedules have been geared up for the “death of coal being greatly overexaggerated?”

Over the last five years it has been very fashionable for big miners (Rio, BHP, Anglo American, etc.) to offload their thermal coal assets to smaller miners.

Smaller miners have less access to capital for development and exploration, so we suspect that even with a big surge in demand for coal, there won’t be an accompanying increase in supply.

That certainly is what the market looks like right now.

And with that the only thing that moves is price. And that means the existing companies will experience this awesomely wonderful thing called margin expansion. They print more money. Wonderful!

Cheers,

Chris MacIntosh
Capitalist Exploits/Glenorchy Capital Macro Fund Manager

RELATED:

MORE posts on Net Zero - The Idealogues Attack On Civilisation, bowse this catalogue of our posts on the disastrous 'net zero' policy promoted by the United Nations and the World Economic Forum. The pseudoscientific theory that Carbon Dioxide emitted by hunan activities is alone responsible for climate change and the consequent shift to obtaining electrical energy from unreliable, intermittent, 'sustainable' sources is causing the collapse of the global economy.

After Nuclear Phase-Out, Germany Debates Scrapping Coal After deciding to scrap nuclear power, Germany is to debate getting rid of its coal fired generating plant too, Coal is Germany's biggest energy source but also its top polluter and main threat to the unrealistic climate goals imposed by the EU. Chancellor Angela Merkel's government is split on the issue, which pits a vocal environmental movement against energy giants and coal mining regions, with only weeks until her cabinet is set to present its next climate action plan.

Will new clean energy process make coal the fuel of the future
Coal, you exclaim, throwing up your hands in horror, the stuff that covered buildings of industrial towns in black soot, the stuff that choked miners lungs and sent millions of people to early graves? Coal the filthiest fuel ever? How can you say it is clean? Well a new technology recently announced might change your mind. Unless you are a windmill worshipping Warmageddonist of course.

Nuclear Power Risks or How To Stop Worrying And Love The Atom
The Greens, fear and panic merchants, cap and trade profiteers, carbon warmageddonists and usual suspects have been in a funk about the Fukushima nuclear power station accident, demanding we shut down nuclear generation as well as coal mines and oil wells. But the lesson of Fukushima is we should stop worrying and learn to love the atom.

Coal Fired Power Stations Win ReprieveIn what looks like a u-turn on green energy policy the coalition government have abandoned plans to support and subsidiese operators of sustainable energy generating plants. While environment activists and green campaigners are calling this a betrayal the case may well be that in the harsh reality of governing claims made by green energy firms look totally unrealistic ...
Climate Change: Green Energy Meltdown .As the climate science fraud and the case it made that carbon emissions were the sole cause of global warming and carbon taxes, trading in carbon allowances green energy technologies that belonged in science fiction novels were the way to power the future and save the planet comes unravelled: as the great green energy experiments of Denmark and Spain leave those nations shivering in the dark as power supplies fail and subsidies to green generators bankrupt national economies we look at the real state of the climate crisis.

Only One Percent Of US Bakken Shale Oil Is Profitable At Current Prices
Obama's strategy to make the USA the worlds leading oil exporter is in ruins. It is entirely in keeping with his record for fuck up and failure that has been the hallmark of his presidency. But what will be the consequences for the world of this latest failure by Obama?

U.N. Official Reveals Real Reason Behind Warming Scare
We said it was a scam, now a United Nations official has admitted the whole climate change scare was really about destroying capitalism. But what doo the elites plan to replace it with, A Corporaite Global Dictator ship in which the world is run by unelected bureaucrats selected from withing a small, elite class? Actually we predicted that as well.

Insane Science Pushing The Earth Towards Ecocide. At the Daily Stirrer we have suspected it for a log time, science is insane, a game for the ethically challenged and sociopathic to compete to be first to develop a new plague, or a death ray, or to trash the enviromnent in pursuit of political power or corporate profits for their paymasters. There's even a name for what they are doing now, Ecocide.

Climate Change: Study shows carbon dioxide dangers are OVERSTATED
That old demon Carbon Dioxide is in the news again today, not because the scaremongering science screechers have come up with a new lie to sell their 'tax-the-rich' globalist agenda but because yet another group of sensible scientists have found that carbon Dioxide levels in the atmosphere are overstated. Hardly a surprising result when you consider the global figure is derived from measurements taken on the slopes of Mauna Loa, an active volcano in Hawaii.

Thanks To Global Warming Policy It's Going To Be a Long Cold Winter For Many
Those of us who were intelligent enough to point out the scientific fallacies behind the global warming scare and the idiotic failure of logic on the part of politiciansbfar too ready to believe the scaremongers and pursue a policy that made developed nations in northern Europe reliant on an unpredictable and uncontrollable energy source like wind for energy are vindicated as Europe braces itself for power shortages this winter due to coal and oil fired power stations being closed to 'reduce CO2 emissions'.

Climate change: economics and reality
We were bullied into buying diesel cars to help the environment. Now experts admit this ‘green’ fuel is killing thousands of us

Biofuels - The Great Green Folly
Big Green Versus Big Koch
World Economic Forum Calls For $14 trillion program to make the global economy greener...
Official Advice - Prepare For Blackouts This Winter

The UK government is putting plans together for days of organised blackouts this winter, in what they call a "reasonable worst-case scenario" for energy shortages, according to reports in manstream media. Naturally they are blaming this on the embargo on importing gas from Russia but in reality Britain has never imported any more than a small amout of its gas from Russia. The real reason politicians and energy company CEOs are panicking is entirely due to their obession with obtaining all our energy from intermittent sources like wind and sunshine ...

"Revolution Has Begun": 75,000 Brits Plan To Stop Paying Power Bills In Protest At Energy Rip Off
Resistance is growing to spiralling domestic energy costs in Britain as more than 75,000 irritated people in the UK have pledged not to pay their electricity bill this fall when prices jump again. 

If the government & energy companies refuse to act then ordinary people will! Together we can enforce a fair price and affordable energy for all," tweeted "Don't Pay UK," an anonymous group spearheading the effort to have more than one million Brits boycott paying their power bill by Oct. 1.

Is Russia Selling Its Oil To The World Through An Obscure Egyptian Port?
As this blog predicted when NATO and EU member states shot themselves in the foot by reacting to Russia's invasion of Ukraine with sanctions that prevented Russia from selling oil, gas and vital raw materials to the countries that needed them most, the NATO and EU member states, the Russians have had no problems finding alternative customers for their gas and oil and no problem getting oil into the world's commodity markets through the back door.

UK Households Are Paying Wind Turbine Owners To Not Generate Electricity
On another near windless day here in the United Kingdom, Boggart Blog came across a very interesting piece if news. According to figures published by the business and management consultancy LCP, british taxpayers have been paying operators of wind turbines farms for the time their windmills were NOT generating electricity increased to record levels last year ...

"Our Country Is Facing The Biggest Crisis The Crisis We Ever Had": German Employers' Association Warns Over Russian Gas Cut
With the Nord Stream 1 pipeline closed for maintenance, with the possibility that President Putin will not allow it to reopen at the end of the scheduled 10 days downtime in retaliation for the EU's continued support or Ukraine in their conflict with Russia, Germany is facing an unprecedented crisis that could erase the prosperity Germans have grown accustomed to, warned Rainer Dulger, head of the Confederation of German Employers’ Associations.

Net Zero Is A Dangerous Fantasy, But Scientists Believe In Fairies It Seems
With oil and gas prices rocketing and the highly propted sustainable energy sources performing way befow expectations the energy crisis currently gripping Europe (with worse to come as food shortages start to bite, polticians still seem more intent on pandering to the green lobby and chasing the dream of a fossil fuel free world rather securing the energy and food supplies needed by the people they serve.

A Mostly Wind- & Solar-Powered US Economy Is A Dangerous Fantasy
When President Biden and other advocates of wind and solar generation speak, they appear to believe that the challenge posed is just a matter of currently having too much fossil fuel generation and not enough wind and solar; and therefore, accomplishing the transition to "net zero" will be a simple matter of building sufficient wind and solar facilities and having those facilities replace the current ones that use the fossil fuels.

EXPLORE:
[Daily Stirrer] ... [ Our Page on on Substack ]... [Boggart Aboad] ... [ Ian Thorpe at Quora ] ... [ Greenteeth Home ] ... [ Greenteeth on Minds.com ] ... [ Here Come The Russians ] ... [ Latest Posts ] ... [ Climate Lies ] ... [ Climate Change ] ... [ Energy Green Dreams ] ... [ Sicence & Technology ] ... [ Living Within The conspiracy ]