Commies dilute their productive capital with unproductive commie bullshit = 0…
Here is a wild chart. The total return on Chinese stocks since 1993 is negative. In contrast, India is a 13-bagger. pic.twitter.com/SPvczZxkld
— Jeff Weniger (@JeffWeniger) September 20, 2024
The market is a financial construct. It's meaningless. What is important is real capital and China is arguably the world leader. India is garbage.
ReplyDeleteStill uninvestable…
ReplyDeleteChina, Still trying to change the rules of the game.
ReplyDeletehttps://threadreaderapp.com/thread/1368682607035170821.html
They'll win.
All eyes will be on Kasan next month and the BRICS meeting.
ReplyDeleteBRICS better start building nuclear power plants as fast as they can - not that it can replace what oil does. Or they can admit to their populations that their standard of living will depend on doing more with less.
ReplyDeleteWhat MMT is ultimately all about: resources (Or whether it is just another financial abstraction so that a few people can fill their bushel baskets)
ReplyDeletehttps://www.sophiegripenberg.com/educate-yourself/2024/2/4/what-is-the-mordor-economy
We have plenty of resources,,,, throw away half of our food.,, climate nutters only thing throttling it,,,
ReplyDeleteBtw most of the MMT people simultaneously try to appeal to the climate nut jobs,,,
ReplyDeleteWe don't have the mineral resources to build and sustain renewable sources of energy - not at a scale to replace fossil fuels. Mining the Earth for lithium to produce billions of batteries is insane.
ReplyDeleteMore with less, followed by 'the same' with less, followed by less with less.
ReplyDeleteThere is more than enough lithium in petroleum wastewater
ReplyDeleteJust as there's enough sand to build concrete structures. At least there is an argument that we need concrete.
ReplyDeleteWhen it comes to resource realities, you suddenly acquire Art Degree psychosis.
Sums it up concisely:
ReplyDeletehttps://boereport.com/2023/02/22/column-when-science-gets-mugged-for-the-media-a-case-study/
“Peak lithium!” 😂😂😂😂
ReplyDelete“We’re out of money!” …. Same psychosis.. 😂🤔🤔
ReplyDelete“”We’re out of (insert surplus material here)!”
ReplyDeleteThe calculations were done by geologists/metallurgists years ago and the results don't lie. Net Zero 2030/50 ain't gonna happen.
ReplyDeleteWe may see peak lithium if battery chemistries have time to mature.
Scale it up enough and even sand may run the Earth into the ground:
https://youtu.be/6KzP-tobpMU
Trumps gonna kill all that Dem psycho climate nutter stuff in day one
ReplyDeleteTrump may not win.
ReplyDeleteHow it used to work.
ReplyDeletehttps://threadreaderapp.com/thread/1613140403598802950.html
This works the same way. It is the status quo. China is an energy importer, so having a SPR makes sense. What doesn't make sense is allowing the price of oil to remain low in light of Net Zero 2030/50. Either get with the program to phase out fossil fuels, or admit that the timeline is unworkable.
ReplyDelete- The economic status quo will continue until peak oil.
- Financial parlour games will continue.
- Electricity production from nuclear will be ramped up.
- Alternatives to fossil fuels for industrial processes will be implemented as much as possible.
The world at that point will be a very different place than the one imagined by futurists and green-washers. A lower energy world is their nightmare.