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When Governments Do Truly STUPID Things....
market-ticker.org ^ | 7/10/2022 | Karl Denninger

Posted on 07/10/2022 8:07:12 PM PDT by bitt

They tend to collapse spectacularly and the "powers that be" almost-never survive politically -- and frequently physically.

Sri Lanka is the latest example; they are literally bankrupt, having bought into the "green" thing and then... oops. The root causes were many, but chief among them were overspending and a commitment to "green" farming practices, which decimated crop yields, spiked prices and then of course here comes higher oil costs. The combination proved fatal to the economy.

"The rich" are being literally chased down and slaughtered, with "rich" being defined as "has something, when we have nothing." The President fled the nation and, at least report, the Presidential home has been stormed by protestors.

As they say.... oops.

Germany is facing an existential crisis of its own making as well. Deciding to go "green/woke" for energy they foolishly shut down both coal and nuclear generation, relying on Russian gas for that which they couldn't manage to produce reliably from renewable sources. Renewable sources such as wind and solar are not reliable and never will be; the only means to prevent shortages is to either back them up with fossil plants (which means you pay twice since the capacity has to be available when the sun and wind don't show up in sufficient quantity) or wildly overbuild against expected capacity requirements which is prohibitive for cost reasons, never mind that both solar and wind are entirely dependent on fossil fuels for the materials, mining and production. Then Germany bought into the war in Ukraine and sanctions, along with the rest of the EU despite the utter insanity of being dependent on Russian gas, one of the warring nations, flowing through the other nation that is at war! Backing someone who is at war with your now-primary energy supply because you shut down all your own stuff isn't very smart. Electrical costs have skyrocketed and this winter brings the possibility of literally freezing to death.

Oops.

The UK is in serious trouble as well. Energy bills this winter are threatening to more than double. What's worse is that supply may not meet demand at all, which means outages, including of natural gas. How's that "green" thing looking about now, may I ask? Are you still happy with your "commitment" to this newfound religion as you both starve (you do realize the goods have to get there and that requires petroleum, right?) and freeze this winter?

Oops.

The Dutch decided to try to effectively expropriate their farmer's land by, for "green/woke" reasons once again, mandating the non-use of nitrogen fertilizers among other steps. Some allege the true purpose is to effectively destroy the industry and seize the land, but the underlying reality of that does not matter. The Dutch are one of the largest food exporters in Europe and, obviously, trashing that will not only screw the Dutch but threatens famine on a regional or even world-wide basis as ruining the production capacity of what people need to eat isn't very smart. The farmers are fighting back and, by some accounts, the nation may be rather close to insurrection or even civil war. We'll see.

...more...


TOPICS: Business/Economy; Conspiracy; Society
KEYWORDS: anwr; bidenflation; governments; keystonexl; opec; whendontthey

1 posted on 07/10/2022 8:07:12 PM PDT by bitt
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To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...

p


2 posted on 07/10/2022 8:07:27 PM PDT by bitt ( <img src=' 'width=50%> )
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To: bitt

When?

What government doen’t manage to make the most of the incompetence that they’ve got on hand? Especially as the means to be even more incompetent by having ever so much more money to fritter away becomes the case?


3 posted on 07/10/2022 8:10:30 PM PDT by Rurudyne (Standup Philosopher)
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To: bitt

Go Woke, go Broke, writ large.


4 posted on 07/10/2022 8:12:19 PM PDT by fidelis (Behold, the Cross of the Lord! Begone, all evil powers!)
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To: bitt

I’m waiting for the Antichrist to show up. This world wide economic downturn is the beginning of the end. How else does the world right itself and reverse what’ s happening? This is all nuts!


5 posted on 07/10/2022 8:24:51 PM PDT by JoJo354 (Pray for our nation! It needs it!)
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To: bitt

The news from Sri Lanka is encouraging. Chasing the elites and rich down the street to kill them for destroying a country?

There is a “not-so-subtle message” in there for ALL the world’s leaders.

People get pretty worked up when they are starving and/or freezing to death in winter.

Apparently there is a sudden boom in demand for wood stoves in Germany.

It seems many in this modern world don’t find living life as in the 1700’s and 1800’s particularly appealing.


6 posted on 07/10/2022 8:43:55 PM PDT by Gnome1949
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To: bitt; Fred Nerks

Canada’s big “Oops is right on schedule , with the nation’s village idiot, Justin Trudeau in charge. Farmers in Canadas West are expected to use farm equipment that does not use fossil fuels by 2025. Plus the Trudeau government is studying how to charge beef farms a Carbon Tax based on measuring cow farts, a tax on cattlemen, aloong wioth other destructive woke initiatives. Canada’s food supply is headed for the dumpster.

Imagine Canadians without either bread or beer from that grain, nor steaks for the BBQ?

“Oops!” is an understatement.


7 posted on 07/10/2022 9:30:50 PM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: bitt

The world is facing famine soon. The global economy is just about to fold. You folks better have food and ammo on your shelves, it is just about to get real.


8 posted on 07/11/2022 2:31:06 AM PDT by exnavy (Grow your faith, and have the courage to use it.)
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To: bitt

.


9 posted on 07/11/2022 4:08:14 AM PDT by sauropod (Unbelief has nothing to say. Chance favors the prepared mind.)
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