Posted on 11/05/2023 9:07:37 PM PST by Kazan
Funny how Saddam said the same thing.
The official national debt was about $ 5 trillion 23 years ago, and today has raced past $ 33.7 trillion, with only a certain few Americans and multinationals reaping the rewards.
US median per capita $65K -- Less than $50k -- 60.96% of population
This has become a fiscal rape of the nation.
Debt ClockFederal Budget Deficit Grew to $2 Trillion in FY 2023 Tax Foundation, 12 October 2023
We all are playing the same MAD game with them. Who will blink first?
Here's an historical. time-presented graphic.
Vidkun Quisling was not assassinated. He was executed by the duly elected government of Norway.
An illegitimate puppet regime ALWAYS has to answer for it’s crimes. The same thing here. Punishment is coming not just to the illegitimate Biden regime but also to the Deep State scumbags in the CIA, FBI, DOD, etc. They are going to pay dearly for their treachery and malfeasance. If you are not one of them, then you have nothing to fear.
Let’s end this war tomorrow. This is what Biden needs to say: “tomorrow I am reopening the Keystone project, granting exemptions to all fossil fuel powered vehicles working our nations supply chain as well as all port of entries for our shipping practices. Our goal over the next 3-6 months is to lower the costs for food and fuel for all Americans and the cheapest oil on the global market so other states can get their own houses in order.”
If that’s all Biden says, tomorrow the Russians, Iran, China will come running with hat in hand.
Our current government doesn’t prosecute criminals or traitors. They only prosecute the honest men who call out criminals and traitors.
In my youth industrial countries were normally independent except for the import of raw materials.
My 1978 house was totally built from US made stuff. The only foreigner involved was my uncle, who was the builder.
The import to Russia restored. Except the EU used to be the chief trading partner and now China.
Touting percentage Rates of Growth often leaves out the subject’s lowly starting point making transitory growth meaningless.
Sanctions do not usually, if ever have the intended consequences. They are a waste of time. Often causing more harm to the issuing countries.
This is not new to anyone with a basic economics understanding (London, Chicago or Austrian schools).
I’m going to do you a favor.
Here is a link for you of the broadest and generally most important information you will ever download. It is the annual spreadsheet of the World Energy Statistical Report, produced each year for 72 yrs by BP and now spun off to a proxy.
https://www.energyinst.org/statistical-review/resources-and-data-downloads
The third selection . . . the .XSLX file, is what you want. The spreadsheet is tabbed for Reserves, Production AND Consumption oil, natgas (separate tabs for LNG and total), coal, nuclear and other items for each country of the world. It will open in whatever you use for Spreadsheets, and if you don’t use anything, go download the free Open Office suite. It has an Excel (spreadsheet) reader.
Global consumption of natural gas last year was 3.9 Trillion cubic meters. It was a northern hemisphere warm winter, and the world was still emerging from effects of the virus. Over longer periods (2012-2022) the increase in consumption has been about 2% / year.
This is the period of shale. Reserves have grown by that much. The shale bonanza is on its way out — and note that in the world of Reserves, an elevation of price leads to a declaration of more, whether there is any exploration or discovery at all.
Global consumption as noted is 3.9 trillion cubic meters/year. The US produces about 1, and consumes 0.88 TCM of that each year. The US is not going to replace Russia gas.
There is not going to be any new source of gas for consumers to replace Russia. It’s not choice. It doesn’t exist. There is no choice. It’s air. You breathe or you die.
As for prices, they are a substance created from nothingness by the Fed and Central Banks around the world. Ask yourself where money comes from. That’s where. Nothingness. And unlike in Soviet times, during which the Soviet central bank was constrained in money creation to the 5 year Interior Ministry plan, the current Russian Central Bank has no such restriction. They can QE just as the Fed has QE’ed.
They have the gas and oil. There is nothing anyone can do about that. God did not favor them. The US had lots of it, too. And burned it. All you have to have is a world that does not need gas and oil and you can undercut the inevitable dominance of Russia. That’s all you need. But we don’t have that. Likely never will.
We chose the wrong enemy. We ignore Saudi Arabia cutting people’s heads off. We could have ignored Russia governing Ukraine.
The saddest thing I can imagine is anyone dying for Zelensky. That is a wasted life. That person not only dies
for Zelensky, but also for Hunter and Joe Biden, the DNC, George Soros, and Klaus Schwab. How sad.
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