The economic issues fill my mind. I no longer care about the diseases humans have created nor the efforts to combat them as health care costs escalates. To my mind aside from the efforts to kill us, I can hope to stay healthy by avoiding infection and maintaining my immune system.
OTOH the economics trouble me given my current inability to join work - too old, too obsolete, bla, bla. So I am dependent on the market now as the financial geniuses decided zero interest made money free. While that was a benefit to the financial engineers, Mr Joe was stuck. Watching the efforts of ESG dry up risk money for fuels means those companies will backoff investments needed for the future which will ensure high energy costs. In no possible way can green arrive at any scale in the next 20 years to cover the energy needs unless their is a huge population decrease that we will not likely allow. That energy shortage will drive up those costs. Demand destruction has already happened.
Then as you note supply chain disruptions remain a factor. Producers facing a decline in labor and oddly a real decline in productivity in those who do work means increasing labor costs and increasing material costs. The Chinese are now in a decline of their own driven by really foolish policies along with wastage in military efforts. Only one policeman is really needed and in the past the US has had the excess money to clamp down on large adventurers. But as the US declines, will that job still get done? So stagflation here we come. But this time governments around the world face their own debt crises and not likely to meet future obligations. The toolkit become empty. I fear a lot of losses and great difficulties ahead.
The new dollar, devalued to old X100, maybe replaced by those digits?
United States D.O.D issued a contract for ‘COVID-19 Research’ in Ukraine 3 months before COVID-19 officially existed
https://expose-news.com/2022/05/18/us-dod-covid-research-contract-nov-2019/
The economic issues fill my mind. I no longer care about the diseases humans have created nor the efforts to combat them as health care costs escalates. To my mind aside from the efforts to kill us, I can hope to stay healthy by avoiding infection and maintaining my immune system.
OTOH the economics trouble me given my current inability to join work - too old, too obsolete, bla, bla. So I am dependent on the market now as the financial geniuses decided zero interest made money free. While that was a benefit to the financial engineers, Mr Joe was stuck. Watching the efforts of ESG dry up risk money for fuels means those companies will backoff investments needed for the future which will ensure high energy costs. In no possible way can green arrive at any scale in the next 20 years to cover the energy needs unless their is a huge population decrease that we will not likely allow. That energy shortage will drive up those costs. Demand destruction has already happened.
Then as you note supply chain disruptions remain a factor. Producers facing a decline in labor and oddly a real decline in productivity in those who do work means increasing labor costs and increasing material costs. The Chinese are now in a decline of their own driven by really foolish policies along with wastage in military efforts. Only one policeman is really needed and in the past the US has had the excess money to clamp down on large adventurers. But as the US declines, will that job still get done? So stagflation here we come. But this time governments around the world face their own debt crises and not likely to meet future obligations. The toolkit become empty. I fear a lot of losses and great difficulties ahead.
The new dollar, devalued to old X100, maybe replaced by those digits?
Thank you MAA - most grateful for your support as we journey down the rabbit hole :-)