By P Gosselin
By Fred F. Mueller [Berlin]
In the months-long drum-up for the big Jamboree of climate fanatics in Sharm el Sheikh a few weeks ago, politicians, NGO’s and the mainstream media have done their best to mask an inconvenient truth that will preoccupy us for a long time to come: the massive recession that the climate policies in our countries have brought upon us.
This undeniable truth can be clearly seen when looking at the Nasdaq, a fairly good gauge for the state of the economy and the seriousness of recessive developments:
Fig. 1. The Nasdaq since Jan. 1st, 2005
The graph shown above may be compared to the fever graph of a hospital patient. It is a fairly good indicator of the current state of the economy reflecting ups and downs and their severity.
For the past 17 years, several minor disturbances aside, we can identify three major setbacks linked to specific events. Their severity cannot be deducted directly by comparing the absolute differences. This is due to the fact that over time, the Nasdaq is subjected to constant growth as a result of the upswing in the collective wealth of the US shareholders. It is thus more appropriate to assess the severity of such declines by calculating the relative difference between max- und min-value before and respectively after the event. This yields the following results:
Subprime crisis: Decline -24 %, duration 4 months 10 days
Covid shock: Decline -30 %, duration 1 month
Energy crisis: Decline -16 %, duration 3 months
Ukraine war: Decline -23 %, duration 9 months and counting
The last two positions on the list should be viewed as a cluster where, especially in the second phase, aspects of energy/economy and war have become inextricably intertwined. This cluster has up to now achieved a combined value reduction of the Nasdaq of up to 36%, by far the strongest decline of the past two decades. Unfortunately, it is also the most dangerous, pitting east against west in a conflict with an intensity not seen for several decades. Far from being over, it has the potential to drive us into a full-blown world war with a nuclear superpower, with possible consequences far beyond the imagination of most people now living in our countries.
Unfortunately, the main driving force of this cluster has now shifted from the economy to the military theatre, with a spiral of tit for tat provocations drawing the participants ever deeper into a quagmire with no end in sight.
The Russian side, initially surprised by the level of Nato-driven modernisation of the Ukrainian army, has in the meantime been digging in its heels and has managed to stop the Ukrainian counter-offensive, with horrible losses on either side. Both these developments have left their mark on the Nasdaq in the form of short-lived bear market rallies:
Fig. 2. The ups and downs of the Ukraine war have left their mark on the Nasdaq chart.
The obvious consequence of this war is the aggravation of an already dire situation initially brought about by the self-inflicted energy crisis that started to weigh on the Nasdaq chart since November 21, three months before the Ukrainian conflict broke out.
The underlying reason is the West’s policy of punishing companies exploring for and extracting fossil fuels by restricting their access to the financial market. The resulting shortage of coal, oil and natural gas inevitably resulted in skyrocketing prices for these assets, with companies and states frantically trying to secure their supplies of these vital energy sources. No wonder thus that these prices literally exploded when the West decided to boycott one of the biggest exporters of fossil fuels. But not for long. In the meantime the prices have shown deep declines not only for oil and gas, but also for most mineral commodities.
Recession has stepped in
The reason for this puzzling trend, at first glance, is that the related markets now seem to expect a long and severe recession. Reduced industrial activity implies reduced demand for all sort of commodities, and these expectations have dragged the prices down. The gravity of the situation is highlighted by the fact that even a noticeable production reduction by OPEC+ has not stopped oil prices from falling below the mark of 80 US$ per barrel.
Further difficulties
This combination of a misguided energy policy and a war, which shows no sign of abating anytime soon, is a toxic mixture that may threaten all of us.
Looking at the military side, Russia has been able to stop the recent advance of the NATO-backed Ukrainian army. The current situation reminds the frozen frontlines of the first World War, with massive artillery duels and fierce disputes over trenches that endlessly changed hands. Some sources hint at current Ukrainian losses of up to 1,000 killed or severely wounded soldiers per day, a rate the country might not be able to sustain forever. In spite of this fact, the West has opted to entrust the decision over peace or war to the Ukrainian leader, whose preconditions for peace talks amount to demanding an unconditional surrender of Russia. Some regard him as a fanatic wanting to fight to the bitter end. And we have vowed support, “whatever it takes”.
In the meantime, the economic and societal fallout of the recession aggravated by the conflict is mounting. The US and Europe are engaged in a fierce competition to determine who will be able to ruin their economy first – by sinking billions into senseless “climate-saving” investments that are nothing else than “instant” stranded assets.
Worse still…
And worse still: unfazed by the decline in share value putting US pension schemes at risk, the Biden administration is about to trigger a massive trade war with Europe and other allies through “green” protectionism schemes such as the electric car subsidies enshrined in the IRS 1) legislation. We all seem to be heading towards interesting times (an old Chinese adage).
[1] https://www.politico.eu/article/trade-war-europe-us-tech/amp/
It’s -4C in London
Where is the warming? If you see it give a shout
I don’t miss that kind of weather.
It’s not so much the weather, Eric; it’s the price of gas!
Then don’t come to calgary as it’s -20c tonight, and that’s after it warmed up.
Yeah, Canada sent some of their weather south.
Here in Virginia, high was 41°F (5°C) dropping to 23°F (-5°C) tonight.
Not to worry, Canada is sending us colder weather starting next week.
Come up to sunny Glasgow. It’s PLUS 4C.
I would but they’ve got some strange ideas up there!
No wind though, total electricity generation in UK 0.59GW, no sunshine either now
It’s 13C in Victoria, Australia…. in mid December. Had to light the fire yesterday as it was so cold. We do not have your warming.
The falling Nasdaq transiently recovers at ukrainian “successes” on the battlefield. So go short on Nasdaq now – ukraine is about to lose Bahmut and their prospect of any military victory – even with all NATZO’s (dwindling) resources – are evaporating.
Hard to hear, but this is the hard reality.
I don’t think you appreciate the danger to Russia.
I believe somewhere in Moscow is a Ukrainian deep cover agent with the end of the world in her freezer.
In 2001 Aussie researchers accidentally stumbled across the key to creating the ultimate biological warfare agent. Then told everyone how to replicate their work. I’m talking “12 Monkeys” level of lethality.
https://www.sciencedaily.com/releases/2001/01/010110180440.htm
Ukraine was home to part of Fauci’s network of alleged gain of function labs.
If Ukraine is backed into a corner, the order might be given to release.
Most people thought when Putin accused Ukraine of having biological weapons it was just an excuse to use his own WMD. But Putin hasn’t used WMD. I think he believes Ukraine has such weapons.
The only “victory” is if everyone packs up and goes home. Anything else might have consequences too horrible to contemplate.
The problem with that scenario is that kind of bioweapon knows no borders and does not discriminate based on nationality or race. It is a no win proposition unless your the possessor of an effective vaccine that the group you wish to target don’t have. And even then it is highly problematical.
The blueprint for creating 12 monkeys was published in 2015. Just about any competent lab student with a $10K CRISPR gene splicing machine can build a new virus. While Twitter would have us believe otherwise, look at who supplied the funding.
Butler, D. Engineered bat virus stirs debate over risky research . Nature (2015). https://doi.org/10.1038/nature.2015.18787
Yes Russian accounts of west-funded biolabs in Ukraine were dismissed – just saying they were Russian appeared enough to discredit them – but they were probably true.
Probably? So you don’t know. You’re guessing.
I don’t know why the phrase “proxy war” seems to have fallen out of fashion.
That Ukrainian guy was willing to negotiate peace with Russia before he was visited by Boris Johnson. Perhaps a peace along the lines of the 2014 Minsk agreement?
Whatever, I expect what Boris said to him was dictated by people in Washington DC.
Pure speculation.
Rather than downvoting, why don’t you provide some evidence that Boris Johnson talked Zelenski out of seeking peace with Putin.
Why? Because you don’t have any evidence. So you take the coward’s way out. You should be glad the voting is anonymous.
Nope- Ukraine is going to win “bigly”.
which will come first – ukraine’s big victory or the climate catastrophe?
Any day now for both I guess …
Almost nobody thought Ukraine would survive a week but they’ve managed to kick the Russians out of much of the land they invaded- not bad even if it took 10 months. A small nations against a nearby super power. Pretty good. No doubt you also thought it would collapse within days.
Biden thought Ukraine would collapse within days, too. He offered Zelenski a ride out of town to safety at the start of the war. Zelenski turned him down. Zelenski said he needed ammunition, not a ride out of town.
very few politicians would have stayed as Zelensky did- he deserves credit for that- the odds were against him at that time- he was most likely going to be assassinated- that was the goal of some Russian “special forces”
I would say Zelenski is a very brave man. And dedicated to his country.
Grid-scale nuclear fusion. So cheap we won’t need to monitor it.
Maybe you could explain how that could possibly happen?
https://www.moonofalabama.org/2022/12/ukraine-sitrep-catastrophic-losses-failing-wonder-weapons-nato-escalation.html
You lost me with your put-down of President Zelensky as a fanatic. Live free or die? Which side are you on?
I agree. By the same faulty reasoning Winston Churchill was a fanatic. Of course, we know who won in the long run.
I have huge respect for Ukraine and their brave president who, not surprisingly, has been named as the man of the year by Time magazine.
Chris
I wouldn’t hold the Time Man of the Year against him. 😛
So he joins the ranks of Greta, Hitler, and a lot of other less desirables. The selection by Time as person of the year is not a good measure of the character of the person, it is merely a determination of who has had great influence, be it bad or good, on world affairs.
and in the case of Zelensky, it’s the good variety
I disagree. Both sides are bad and there is no good guy IMO! Your “good guy” is a greedy tool and a despotic one that has eliminated any political opposition and any free press.
well, what’s nice is that you have a right to believe what you think and you have the right to express it- so I’ll have to assume you don’t live in Russia because if you did, you wouldn’t have those rights- if you complained about Putin, you’d find yourself in a wet, frigid trench in Ukraine with a rusty, ancient rifle and wearing summer clothes or worse, you’d fall out of a window in a tall building
I spent over a decade on hazardous duty targeted against the Warsaw Pact. Spent an average of 8 months of every year deployed for 8 1/2 years of that time. Spent over 4 years of that time in Europe. I certainly have no reason to like the Russians. I just refuse to get wrapped up in the emotions and let it cloud my judgement of the situation. Neither side in this are the good guys and my sympathy lies only with the noncombatants who are suffering.
Try thinking strategically- why do you think all the nations of Eastern Europe are horrified of what Russia has done? And of course, also all of Scandinavia- which is why Sweden and Finland want to join NATO. So if Ukraine is not a wonderful nation- no nation is- all nations have problems and nasty people on the right and on the left. Nobody is saying Ukraine is perfect. But the nation that sends in 200K troops with thousands of tanks is the guilty one unless it was attacked first, which didn’t happen to Russia. Also look at Russian history. Look up the Holodomor.
NATO has been a leach sucking at the tit of the USA since the cold war ended. I feel more sympathy for the Eastern Europeans than most of those of the West that have consistently failed to meet their obligations for the common defense and now STILL can’t deal with the troubles in their own backyard!
What I’m wondering is if Europe will ever grow up and be able to handle it’s own affairs? It sure doesn’t look like it! This American is very tired of our people having to constantly bear the financial burden of one failure after another there.
You’re right about most of NATO not doing what it should have. Trump said that too. But I think they’ve learned their lesson. I doubt Europe can ever handle its own affairs because they’ve been at each others’ throats for thousands of years. They need America, their “big brother” to keep them in line- but of course it’s like herding cats. But better to have an imperfect NATO than the situation America faced when the WWs started. Russia still thinks of itself as a great empire- the “third Rome”. For centuries it has wanted to conquer Istanbul. As for Zelensky- some think he’s a fool, merely a comic and actor. But he’s shown great courage. Almost any other leader would have gotten on a plane when America asked if he wanted a ride out of town- when he replied, “no, I want ammunition”. And, if Ukraine wasn’t a functioning democracy, it never would have him in that job. It’s certainly more democratic than Russia.
I agree that neither side can be trusted. It’s interesting that many on the left from the West’s “Make Love Not War” generation have decided to put their faith in war.
For example, Jane Fonda supports Ukraine in war against Russia as much as she supports action against climate change.
let’s not mix up the 2 issues- being a moron on climate doesn’t mean she’s a moron regarding Ukraine- as for trust, I don’t trust any politician on this planet- and I don’t trust any religious officials and I have little trust in many scientists- I’m a huge skeptic of almost everything and everybody
Of course, a moron can be right, just like a broken clock.
I wonder why leftists, like Fonda, are so supportive of the war, however. Their conviction does not come from patriotism, obviously. More likely, it comes from their political left masters.
you don’t have to be a leftist to support Ukraine
Correct. I wholeheartedly support Ukraine against that vile serpent, Putin. And I am far from being a “leftist.”
I’m in the middle of the political spectrum with very wide “error bars” depending on the issues. 🙂
Bill Clinton described a matrix- he suggested one could be socially liberal or conservative- plus economically liberal or conservative. So, based on that simple model- there 4 choices in the matrix. I’m socially/culturally libertarian- don’t care much how others live- not my business. But economically, I’m hard- very hard right- dollars and cents oriented, benefit/cost analysis, and I detest labor unions- love small government- fossil fuels are awesome- and as a forester for 50 years, most forest should be intensively managed- not locked up to save the planet from “carbon pollution” which is what the climatistas want. I’m not into guns- don’t have one- don’t want one- but I like the 2nd amendment, in case I change my mind on owning one – you never know. Just think if everyone in North Korea owned a gun- things would change fast. I’m an atheist and proud of it but see no need to promote it or argue the subject – once again, whatever turns you on.
In short: you are a data-driven decision maker who respects people’s “right to pursue Happiness.” 🙂
You are now also (yeah, it “turns me on”) on Janice’s prayer list (along with Luc Ozade and Simon and many, many, other WUWTers whose names I regularly present to your Creator that you would believe in Jesus who died for you 😘 ). For, I want to meet you all in heaven someday. And, I think I will. Mm, hm.
Isn’t that classic Libertarian?
Do your own thing, as long as it doesn’t interfere with anyone else doing their own thing.
I didn’t say you have to be leftist to support Ukraine.
I think in the case of Ukraine that people left and right are horrified by what they are seeing. That’s why a majority of Americans support helping Ukriaine in their fight against Putin.
Yes! And because they easily see that Ukraine is RIGHT to defend itself.
I suggest my immense skepticism is due to age- at 73, I find it difficult to believe anything totally other than I’m still breathing.
It makes sense that she would want to see the slaughter of innocent Ukrianians stopped.
It’s too bad she didn’t take that attitude during the Vietnam war where lots of innocent people were slaughtered, while she was praising those doing the slaughtering.
At least now, she is on the right side of history in criticizing Putin for his murderous activities.
Yes, indeed.
It’s interesting that for many in the west common sense completle left their minds. Its seems that you support “war” of Russia on Ukraine, bcz of peas? 😀 LOL
Invasion already happened, this is war, but somehow supporting invader is become “a peas”.
Zelenski starts out as a comedian making fun of the politicians in power, then he gets elected and you say he becomes a greedy tool and a despot. Maybe you have been reading too much Russian propaganda.
You expect a free press in a war zone? Do you expect freedom of religion in a war zone when the religious leaders are trying to undermine the Ukrainian war effort? Tucker does.
It is time to be realistic. Putin is the Bad Guy, not Zelenski. Putin is the one attacking, not Zelenski. Putin is the one murdering tens of thousands of innocent people, not Zelenski.
Special Forces or not, you are off base here, imo.
You have the right to your opinion. You can support the despot you want. I will support neither.
At least we can argue about it, I guess.
Reportedly there are a hundred thousand casualties on each side along with daily tragedy and suffering. Who’s winning?
Meanwhile how many trillions did that Pentagon audit show are unaccounted for? The risk of it going nuclear to me seems real and yet there is no desire for negotiations?
Smedley and Eisenhower warned about this sort of situation.
Its simple, is not Russia. Taking Kiev in 3 days turned to 9 moths now, and nobody talks about Kiev anymore in Russia.
By your logic, in 1941 you want a negotiations with Nazi Germany for peas, becous of “hundred thousand casualties on each side along with daily tragedy and suffering” ? Or Fins capitulation in 1939 becouse or Red army suffering? You one of these “lefties” who want to defund the policy to end crime?
Negotiations for what exatly? WHen Merkel with Obama did everythink for NATO and US to become so phatetic weak, that Putin onpenly mocked them? YOu negotiate always from power position, not vice versa. It seems, that you pissed in ouy pants to early, you forgot that other has nukes too, and IF Russia will use it once (dont worry CHINA told Putins about what could happen), you will have MASS NUCLEAR ARMING race on the Planet.
The risk of it going nuclear does not seem realistic to me.
Putin would be crazy to initiate nuclear war, and there is no pressing need for him to do so. Ukraine is not an existential threat to Russia.
You haven’t shown that Zelenski is a despot.
rah is a FINE man, but, yes, he is clearly misinformed.
Yes, I admire rah for many things, but I think he is incorrect about tagging Zelenski a despot as though he is equivalent to Putin.
rah. Zelensky is in the middle of a WAR. He did not cause that war. Even in the U.S. there were “loose lips sink ships” speech restrictions during wartime.
War is a unique situation. Temporary limits on liberty are sometimes necessary to WIN.
Further, if you would cite mistakes in those restrictions made during past wars, consider that you are judging actions taken by people in a position you are not now in nor completely aware of all the facts about.
I think that rah is very well informed and you are unwise to discount his personal experience of military deployment in Europe.
Factually, there is a large segment of ethnic Russians living in Ukraine and the history of the region, its treaties, pacts, borders, alliances, etc., is complicated.
Unfortunately, there has been provocation happening for years on each side and finally the situation blew up.
1) I did not discount rah’s personal experience. I did not address his experience at all.
2) Putin’s invasion and subsequent monstrosities were in no way justified by anything Ukraine has ever done.
3) The “there are Russians living there, so we have a right to invade your country” is merely the shopworn Russian excuse for its vile actions. See Georgia. See Armenia. See Kosovo. Etc., etc..
4) Your moral equivalency of Ukraine with Russia, given what Putin has done, is disgusting.
And Hitler’s invasion of The Sudetenland – there were ethnic Germans living there who needed to be protected.
And let’s not forget all the ethnic Russians living in Latvia – Estonia – Lithuania.
I only recounted it a bit to make the point that I have no love for Russians. I could be wrong. I certainly have before, and others here having the opposing view could be wrong. It will probably come out in the wash.
I do wonder how some people that are so skeptical of the actions of this government concerning COVID, Russian Collusion, election meddling, Energy Policy, Climate Change, data tampering for desired results in temperature readings and SLR, and a lot more, show no skepticism at all about our government’s actions in Ukraine.
How they believe a government which is constantly going after our liberties at home are doing what they do to support the fight for liberty of other people?
It has been very elucidating.
“show no skepticism at all about our government’s actions in Ukraine.”
I don’t know if that’s in reference to me, but just let me say I am highly skeptical of everything the Biden administration is doing in Ukraine and elsewhere. And hopefully, the new Republican House of Representatives will illuminate what has been going on over there since the Obama administration.
But that doesn’t mean I think Zelenski is in some kind of conspiracy with the Biden administration. I think Zelenski is an honest broker until proven otherwise, and I have seen nothing that says otherwise to me.
Biden is a criminal. Zelenski is not, as far as I can see. And despite requesting evidence from those who claim Zelenski is corrupt, they have provided zero evidence of any corruption. So I still have the opinion that there is no such evidence.
it is a reference to a whole bunch of people!
Apparently you are misinformed, rah. /s
“I think that rah is very well informed and you are unwise to discount his personal experience of military deployment in Europe.”
rah’s military service tells him nothing about Zelenski and Ukraine. All rah knows about the Putin/Ukriane war is what he reads in the papers, just like all the rest of us. And apparently, rah, does some reading of Russian propaganda.
“And apparently, rah, does some reading of Russian propaganda.”
Shove it Bud! If you think the propaganda is one sided then your a fool!
“You lost me with your put-down of President Zelensky as a fanatic.”
Me, too. It sounds like the author is taking the side of the murderous dictator, Putin. Putin would be pleased reading his commentary, I’m sure.
Me, too. EXCEPT: author Fred Mueller, did not say that he believed Zelensky was a fanatic. He only said SOME people think that.
Yes, but I got the impression that he was one of those people. 🙂
Well we’re all supposed to get off the Highway to Hell and onto the Road to Green Utopia-
https://www.msn.com/en-au/news/other/without-gas-and-without-air-conditioning-here-are-the-cities-where-you-could-live-anyway/ss-AA158Tgb
Simples really.
It seems to be a straight highway at least.
I think the picture at the top of this page is the Kerch Bridge.
One of my children just the other day sent me a picture of a sign at the beginning of the “90 Mile Straight,” Australia’s longest straight road.
There’s 400 miles of straight railway line across the Simpson Desert too…
And well paved.
And broad.
One of several ways they have been working to destroy the middle classes in the developed nations of the west. Wealth of the average American has declined for three quarters in a row and I would be it is far worse in Europe.
Right now, 12.45pm on Sunday 11th December, wind is providing exactly ONE percent of the electricity being used in the UK.
probably just enough to make you a cup of tea
Or Advanced Tea Substitute.
Fossil fuels is around 68% of the mix
Imagine net zero….
Real time numbers are available at gridwatch.co.uk
God bless Norway.
Not only do they send us a Christmas tree every year for emplacement in Trafalgar Square, but they are sending us large quantities of gas which is probably keeping me warm at the moment.
Irrefutable proof, to politicians, that we need to build 100 times as many windmills without delay!
😄
An alarmist would tell you that you obviously need to build more windmills. Double the number and then you would have TWO percent being produced. Then double it again for FOUR percent and on and on. Eventually you would get to 100 percent of need.
Old man winter is a game changer for the deployment of armor and tactical vehicles in general. It frees the armor to leave roads and bypass or flank defensive strong points along what are the limited number of primary avenues of approach during the seasons when rains keep the ground saturated. Ukraine’s defensive situation is going to get much more difficult with the hard freeze coming on if the Russians launch a large offensive.
No, it’s the Ukrainians who’ll launch a large offensive when the freeze comes.
But soldiers are much less motivated when it’s really really cold. They just want to huddle up somewhere warmer.
I bet cold Russian recruits are not very motivated at all. They are sitting there freezing and wondering if Putin’s ego is worth dying for.
Next to a burning tank?
I watched a gigantic American tank slide off a road and down the mountain side one day while stationed at Wildflicken, Germany. The tank’s tracks didn’t do it a bit of good. The tank retriever slid down the mountain side, too.
Sure that can happen but you should ask yourself why then did Stalin’s Marshalls launch so many of their major offensives during the winter?
I’m not disputing that winter favors heavy armor. I was just recounting an incident where very cold weather (two feet of snow and icy mountain roads), can be a problem for armor.
The armored column moved on eventually.
I’ve seen that at Wildflecken too, in 1982. The reason is because of the rubber pads attached to the tracks.
It’s probably the same hill. Long downslope tank trail. I watched as one after the other M60A3 just slid down the hill. When one got to the bottom, they would pull it out of the giant snowbank and send it on its way. Then the next one would come down.
Isn’t that a coincidence! I was there in 1968.
And you are probably right, it was probably the same steep mountain training road.
Yes, those treads just spun and spun and got no traction.
Wildflicken was also a NATO nuclear weapons site which was focused on defending the Fulda Gap from a Russian tank invasion.
Don’t know why someone downvoted you for that. Weird.
Right about Fulda. I was stationed at Bad Kissingen, south of Fulda, 2/11 Armored Cav. Spent a lot of of time at Wildflecken, more at Graf, and a little at Hohenfels. 11th Cav’s entire mission was defense of the Fulda Gap.
It’s fanaticism not fanatism
Looks like a shoddy translation of Fanatismus
Or was it fanatisme
(I “deducted” that from the name Gosselin)
Sorry the movements of NASDAQ in the US are not driven by events in Eastern Europe. It is solely a function of the action of the US Federal Reserve Bank. US involvement in Eastern Europe is financially lost in noise and rounding errors at the level of the Federal Budget.
exactly!
Note that the US Federal Budget, and the actions of the Federal Reserve Bank are often completely uncoupled. We have recently seen massive spending, on- and off-budget, by Congress, and then the Fed comes in and raises interest rates to try to stop the ensuing inflation.
“the West has opted to entrust the decision over peace or war to the Ukrainian leader, whose preconditions for peace talks amount to demanding an unconditional surrender of Russia. Some regard him as a fanatic wanting to fight to the bitter end. And we have vowed support, “whatever it takes”.”
Nonsense.
Yes, it is nonsense.
It is the Road to Hell:
Climate lockdown in Oxford, England:
Tying the serfs to the land has become a reality in Oxford where new climate-driven rules mean you need an expensive permit to drive into another part of town:
https://www.msn.com/en-gb/cars/news/police-called-in-over-abusive-reaction-to-council-s-climate-lockdown-traffic-scheme/ar-AA158dQi?ocid
The reaction is predictable
LibLabCon is all about pricing people off the roads
Lucky Londoners can look forward to Khan’s ULEZ – an ingenious revenue raiser for TfL that hits the poorest hardest
According to today’s Daily Mail, the city councillors have called in the police because they have been abused by at least some members of the public.
Of course, precisely the reverse is the case.
“abused” – what, the people are calling them bad names?
the painting at the top looks like the Kerch bridge as the truck exploded
“And worse still: unfazed by the decline in share value putting US pension schemes at risk”
Should the pensions of US retirees actually be put at risk by the machinations of the financial sector and corporate pirates? In reality, pensions are simply funds confiscated from wage earners and put at the disposal of the financial industry, ostensibly because workers are too stupid to save for their own retirement or invest in low risk things like real estate. That would seem to indicate a failing in the decades long educational process supposedly meant to produce mature, rational adults capable of making those decisions themselves.
Now this here is of personal interest to me:
Lockerbie Bomb Suspect Detained in U.S. Custody (breitbart.com)
It was merely the stroke of an Army clerks pen that determined I was not on that flight but instead one leaving a few hours later to come home to the US. When I arrived at the Airport in Frankfort for departure, my flight left the same gate that one did.
They even had me take my military pen apart! Our luggage was lined up on the ramp and each passenger identified their baggage before boarding the old fashioned way, instead of through the skyway.
The Long Arm of the Law. It’s good to see it working.
Glad you are here, rah. America is so blessed to have a fine soldier and gallant road warrior still going.
That stroke of the pen was no accident. You were meant to live.
Thank you Janice.
My time as a road warrior is coming to an end. I’m thinking I will retire about October next year. I may however decide to go on as a “casual driver”. IOW as driver that only takes what runs he desires when he wants to run and is not full time and so does not have benefits. A way to keep my hand in and earn a little extra money too. Not sure yet which way I’ll go.
Oh, rah, SO GLAD to hear that you are going to retire (Ha! As if you can do anything BUT, semi-retire, 😉 ). You may have another 30 years to go. Or, you may have only 3. Far too many people wait until they are just-about-to-have-a-heart-attack before they retire and then — 😥 they leave a wife (usually) or loved one wishing so hard that she (or he) had insisted …….
Best wishes for a wonderful new chapter! 😀
Good point, Janice, but I had my heart attack 20 years before I retired.
Don’t try that in California. You have to be an employee, with benefits.
I love your illustrations. When can we sue the perpetrators?
And so here it comes!
Sub zero temps down to the Red River valley in AR. A white Christmas for many of us that have not seen one in awhile. Looks brutal to me.
https://pbs.twimg.com/media/Fjss57FWYAAuqSy?format=png&name=medium
https://pbs.twimg.com/media/Fjss2jKXEAEL_rh?format=png&name=medium
This is what Joe Bastardi started talking about coming on Dec. 2nd. He was right, and the models are just catching up now.
NATO’s proxy war against Russia has been nothing short of catastrophic. The sanctions against Russia have backfired big time as the EU’s economy tanks while Russia’s income from oil and gas has soared while the Russian ruble is stronger than ever. The Russian military is methodically grinding down the NATO proxy army causing hundreds of thousands of Ukrainian casualties. All this death and destruction could have easily been avoided if the Minsk II Agreement was signed giving autonomy to the Donbass and keeping Ukraine out of NATO. But the warmongering neocons wanted this war just like they wanted the wars against Serbia, Libya, Syria, and Iraq all of which caused massive death and destruction. NATO should have been disbanded when the Warsaw Pact was disbanded but the military industrial complex would have none of it. Eisenhower warned us but now we see our defense budget is now an obscene $850 billion.
In the end, Ukraine will be partitioned. The only question is how much Russia will annex and if Poland will annex part of western Ukraine. The best sites to learn about what is really happening in Ukraine are Moon of Alabama, The Vineyard of the Saker | A bird’s eye view of the vineyard. and Larry Johnson’s Home – A Son of the New American Revolution (sonar21.com) . Also check out General Macgregor – (591) Douglas Macgregor – YouTube .
“Also check out General Macgregor”
That’s Tucker Carlson’s go-to guy. Which ought to tell you all you need to know. He agrees with Tucker’s distorted view of the Ukraine war.
Again, Tucker, and General Macgregor, where do you draw the line at Putin’s aggression? If not in Ukraine, then where?
When do you say, “this far, and no farther, Mr. Putin!”?
365,000 casualties, a year, are serious. To any country.
Or, when profits are taken to close short positions.
Often, when the situation is still bad, new short positions are established continuing a stock’s decline.
Why should a war between Russia and Ukraine so drastically affect the Nasdaq!?
Consumers spending far less because of unemployment, high inflation, outrageously expensive food and fuels, small businesses by the hundred thousands driven into bankruptcy by bad government are far more likely reasons.
During this next year, we can look forward to suffering the backlash from industry shutting down due to excessively high fuel costs.
Unemployment is likely to get worse. in spite of silly government delusions.