Meltdown

[Coopmv]

The point is that nat gas is the marginal source of electricity generation for the grid.  Nat gas is a far inferior transportation fuel to gasoline with CNN cars having ranges at or below that of electric cars and my guess is there is a lot more room to improve on electric technology

The problem with electric-powered car is the charging time and the range.  I can never see charging time to be as short as the time it takes to fill up your tank of your gas powered car.

[Todd]

Good thing that peak oil turned out to be bunk

The first prognostications of doom with respect to oil date to the late 19th Century, if memory serves.  The warnings were incorrect.  So, per a Harvard paper, this time is not different.  Next time will be, though. 

(Oh, does anyone know how much oil is beneath the Atlantic and Pacific and Indian and Arctic Oceans?)

[Karl Henning]

But — There be sea-monsters! Or Balrogs, or something . . . .

[bwv 1080]

The first prognostications of doom with respect to oil date to the late 19th Century, if memory serves.  The warnings were incorrect.  So, per a Harvard paper, this time is not different.  Next time will be, though. 

(Oh, does anyone know how much oil is beneath the Atlantic and Pacific and Indian and Arctic Oceans?)

Read something about a "peak coal" scare around 1900

[Coopmv]

Read something about a "peak coal" scare around 1900

The Swiss Alps has also experienced the effect of global warming, as its glaciers have rapidly dwindled or disappeared.  There is no doubt that the BRIC countries have contributed much to this problem due to their rapid industrialization over the last two decades.  Renewable energy must be made a more important factor in the energy supply equation or the consequence will be very dire for all of us ...

[Todd]

Read something about a "peak coal" scare around 1900

I vaguely recall reading about similar scares with coal.  I need a good laugh, so perhaps I will look up some original warnings.  There's the whole problem with food, too, we should remember, whether one considers Malthus or Ehrlich or whoever makes such warnings today.  Wait, sorry, this time is different.

There is no doubt that the BRIC countries have contributed much to this problem due to their rapid industrialization over the last two decades.

The Economist recently published an eye opening article on Chinese CO2 emission.  Looks like the official Chinese CO2 numbers may be understated.  Yes, I know, such a revelation is quite shocking.  Apparently, aggregated provincial data on CO2 emissions is about 20% higher than the published national figure.  In this case, the 20% difference is roughly equal to the CO2 emissions from Japan, which itself is the fourth largest CO2 emitter.  As China is the largest CO2 producing nation, with increases each year, this problem may get worse.  How to get the Chinese to reduce their output?  (Of course, a quick search online yields a report by a Chinese scientist claiming that CO2 emissions are overstated.) 

[Coopmv]

The Economist recently published an eye opening article on Chinese CO2 emission.  Looks like the official Chinese CO2 numbers may be understated.  Yes, I know, such a revelation is quite shocking.  Apparently, aggregated provincial data on CO2 emissions is about 20% higher than the published national figure.  In this case, the 20% difference is roughly equal to the CO2 emissions from Japan, which itself is the fourth largest CO2 emitter.  As China is the largest CO2 producing nation, with increases each year, this problem may get worse.  How to get the Chinese to reduce their output?  (Of course, a quick search online yields a report by a Chinese scientist claiming that CO2 emissions are overstated.)

Not surprising.  The latest official GDP number from China was inflated because many provincial governments fudged their growth numbers.  For CO2 emission, the lower the better for the image of China and the published number has to come down from the real number.  Never mind what the Chinese scientist said, he knows he may go to jail or labor camp if he contradicts what his government has announced to the world ...

[snyprrr]

JUST PRINT MORE MONEY!!

http://www.youtube.com/watch?v=q6vi528gseA

What a smart man, mm mm mm

[Todd]

What a smart man, mm mm mm

Yep, a smart man indeed, since he well knows that not every country has the ability to print away debt. 

I would have thought you would have mentioned that several more European countries are facing downgrades, including mighty Germany.  Only Finland is secure in its AAA rating.  For now.

[Karl Henning]

Germany has to decide on the lesser of two evils, hasn't it?  What a mess.

[snyprrr]

Yep, a smart man indeed, since he well knows that not every country has the ability to print away debt. 

I would have thought you would have mentioned that several more European countries are facing downgrades, including mighty Germany.  Only Finland is secure in its AAA rating.  For now.

What about Iceland, the only country on the planet that seems to have gone after the bad guys? What's going on there?


uhhh,... you can't print away debt,... you can FORGIVE debt,... debt IS debt


Are you familiar with 'The Eleventh Marble'?

[Coopmv]

It certainly sounds like the ECB is about to do its own QE ...

[Todd]

uhhh,... you can't print away debt,... you can FORGIVE debt,... debt IS debt

Uhhhh, a nation that controls its own currency can print all the money it needs to in order to pay obligations.  Creditors need not forgive debt.  There are consequences to such policies - high inflation - but it's hardly a secret that it can be done.

[snyprrr]

Uhhhh, a nation that controls its own currency can print all the money it needs to in order to pay obligations.  Creditors need not forgive debt.  There are consequences to such policies - high inflation - but it's hardly a secret that it can be done.

If Congress can print its own money for free, why does it borrow said fiat money from a CB at a fee? Why does Congress add the extra burden of usury to the already dire situation we are now in, why, why, why???

The money that the Fed collects as interest on their loans... or whatever it is they call printing paper fairy dust and selling it at a profit,... where foes the money come from that pays their cut?

Any good merchant knows you cut out the middleman.


Is there really REAL debt in the world, REAL DEBT?, or is it mostly just endless compound interest purportedly owed to CBs, which is... bullshit? Do we really OWE the Fed ANYTHING? What if we just stopped paying,... it's just a game, right? We don't even have to pay them back, but we do?

Oh where would we be if the great World Bank didn't condescend to men of such simple means, ohh where ohhh where?? Oh, I bow me thee down before thee oh great Banker-Priest and bless me with your low low Rates (TM), oh slurp, smooch smooch, oh great master of the mystery of why we owe you one red cent, oh please please make your money out of nothing and sell it to me for interest so you will get everything in the end...

oh look, here comes the United Staes Government to save me from that evil Global-Bank-Vampire-Squid,... oh, wait ... wait ... wait ... wait ,... wait ... OHHH, their NOT coming to save me from the evil bank, but their helping the bank rape everyone... oh no, what are we gonna do Opie? hump hump hump

hump hump

hey, this endless debt slavery is starting to feel good.

hump hump

oh, and with lube or reach around... wow,  feel so blessed!! thanks everybody!!



oh, I just feel the bankers and my gov just, mm, loving me sooo much, they are so wonderful to me, I just love them sooo much... yay!

[Todd]

You're voting for Ron Paul, aren't you?

[snyprrr]

You're voting for Ron Paul, aren't you?

You're working for Rombama, right?

[Todd]

Rombama

I see what you did there, combining the two names.  Clever-ish.

[snyprrr]

And, I thought I was so clever in coming up with 'Rombama' that I had to check. Mmm,... late to the party:

http://www.rombama2012.com/index.html




btw Todd, no, I'm not voting for Paul,... we're fucked all ways. Hopefully something will happen that will stymy the whole cauldron so that nothing gets 'done'.  I keep saying, Get a bunch of credit cards and run 'em up up up and don't even worry about paying one cent, it's all fake money anyway and they're all willingly involved in this fake system so why not just do it up right?

Caviar?

[Todd]

I see, you want a handout.

[snyprrr]

I see, you want a handout.

I just want them to STOP STEALING MY MONEY! TRAITORS!

Usury. Do you like it Todd? Do you make a living from it? Aye, you can never pay them back.

Handout?

Handout?

Iceland didn't want a handout!!

You know what? You sound like you're just all for the DOJ not even bothering with any indictments for the mortgage backed securities fraud.

You brought Rob Newman here and you are an apologist for the Vampire Squid sucking the wealth out of our country with the complicity of our own so-called 'elected' officials. Oy yay Todd, wonderful, life is just so never been better and I'm so looking forward to the rosy future.

Where did I misplace that trust fund?