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+--- Thread: Economic Collapse Vectors (/thread-993.html)
Economic Collapse Vectors - Ed Hurst - 02-03-2022
I had posted this early this morning and it somehow disappeared, so I'll try again...
So, some of you may know that petroleum is called a "fossil fuel" that isn't actually made from fossils. Rather, it's something natural to sub-crustal processes in the earth. It does regenerate. Unfortunately, it doesn't do it very fast. Thus, we are using it up faster than it's regenerated. Right now, in the US, we aren't pulling enough out of the ground to cover our own use. And the investment in exploration has just about died. Shale oil turns out to be depleted very quickly, so that is out of fashion any more. Even if we opened up off-shore drilling permits again, at the great risk of serious pollution, it couldn't possibly amount to much. The known reserves would not be enough.
And it turns out that other suppliers around the world that we have used are starting to admit that their sources are declining, too. The world's economy rests quite firmly on petroleum, and all the alternatives are still just a tiny fraction of the energy we get from oil. The price has begun to rise rather quickly, and most of the increase is actually real market pressure, not just regulations.
You might know that fertilizer requires a lot of petroleum to manufacture. It is in such short supply that farmers have begun planning to shift their crops, those that aren't going to sell out. Our system of food supply depends so heavily on petroleum in ways just don't realize. So you've seen bare shelves in just about every part of the US. It's just getting started. Meanwhile, the government borrowing is off the charts. The value of the dollar will die, and it doesn't help that Russia, China and others are making a serious effort to break their dependence on the US dollar for trade. So prices are going up already, while the value of the currency is falling.
Where I live, there are tons of jobs open. One grocery store chain in our metro area has 50 openings right now. They don't pay much, but the jobs are there. They aren't being filled because there are still too many managers requiring the vax in one way or another, while paying too little to attract the folks unemployed. The only folks interested are teenagers, and there's not enough of them willing to work. That means even when they have the stock, they don't have enough bodies to get stuff to the shelves. And people are starting to panic again, stocking up on stuff they fear they won't be able to get in a few months, making supplies even harder to get.
TPTB knew about the petroleum situation, and regulated the alternatives to the point no one would invest in them. This is an engineered crisis in that sense. It fulfills the warnings we've had for a very long time, that the elites would crash everything. I suppose a revolt could save us, but that won't happen. There's not enough people willing to act, and too few who even have a clue what would be helpful. The Word forbids us from provoking a revolt, so that means we are just along for the ride, whatever happens. The Father will protect His Covenant people, but it will be a rough ride. Hang on tight.
RE: Economic Collapse Vectors - jaybreak - 02-05-2022
(02-03-2022, 09:36 PM)Ed Hurst Wrote: regulated the alternatives to the point no one would invest in them.
Or the other, where solar power, at least residential, is subsidized. My home state of Massachusetts is a good examples. There's a notable number of homes you can see just by driving around that have solar panel roofs. Much of it is because of tax credits. It might be worth it if you have the solar panels long enough that they are paid for, and you actually start saving money, but those subsidy programs could end suddenly if the right/wrong guy gets in office, or another scheme is being cooked up to spend money somewhere.
RE: Economic Collapse Vectors - Ed Hurst - 02-05-2022
I suspect that the tax credits were gauged to starve the real investment. If you've ever seen anyone building a system actually designed to maximize the technology, it's very expensive and requires expertise few possess. There are batteries, converters, tons of wiring, etc. However, once done right, and properly maintained, it can provide sufficient power for a full family for many years. Most of the residential stuff you see is not designed to last long, and certainly isn't very efficient.
I learned my cynicism from the engineers who actually know how that stuff works, and people who dug into the documentation behind the tax credit systems. It was never meant to succeed.