So our leaders in the UK (and others) are determined to destroy that which our parents and Grandparents fought to build and maintain. It cannot be too long before there is a revolt, when Net Zero stupidity begins to bite.
"Can you see the US Dollar Collapse so often referred to by countless financial “gurus” and economic “experts” on the Net?" (Boom)
Whilst I claim no financial expertise, a US National Debt of $36 trillion suggests to me a collapse at some time, is inevitable, unless the US Taxpayers can work out how to pay $272,000 each (figures from US debt clock).
Yes, I've read Boom's rationale as to why the US Dollar will not collapse soon, and I agree, but I believe that its collapse is inevitable at some time. Nations CAN become bankrupt and have done. Larger, richer nations will just take longer.
Debt is debt whether in a household or in a huge rich nation, and finally other nations will come to the point, on some future date, of realising that their dollar holdings are not safe. That day WILL come sometime. I see China and Russia preparing for it already. But what do I know?
BOOM speculates 50-100 years, but my feeling is, like you, it's much closer. Will you reference a country that actully went 'bankrupt' please Greg, I can't find one.
Maybe I've used the term a bit loosely but I was thinking of the bankruptcy brought about by the collapse of the French Assignat in the 1790s, the collapse of the Zimbabwe currency in 2009 and the collapse of the Papiermark in the
Yes, all those are good examples of currency collapse Greg, but the state didn't actually face a bankruptcy court because a state can always raise funding via taxation of its citizens. In civil proceedings a bankrupt has little or no access to funding for their debts, thus they are written off eventually by a bankruptcy edict. https://www.investopedia.com/terms/b/bankruptcy.asp
May you live in interesting times, Zara LOL! Happy New Year anyway for whatever turns up you can be sure that our Great Creator knows and will send His angels - [Psalm 91]
The reality is - these fools searching for rare earth metals ought look no further than within coal deposits - yet all they can do is "burn" that ole carbon life quickly - and then the metals reside in ash likely harder to ever claim.
We are either turning to better times in '25 or turning towards final conclusions I reckon for humanity.
I pray for better times - I pray for Peace.
~
I remember the lab at NC State where we were trying to turn coal into liquid fuel - I betcha there is some good date there.......coal is a treasure trove of old life - tis such a shame to just burn it for heat - what a fucking waste.
~
Time to turn to something better - I pray for that!
All the best for 2025 Ken - and keep those chickens happy! Actually, you may not know that SA creates liquid fuel from coal using a well-proven Nazi system from WW2 and before:
"Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, South Africa, and built on processes that German chemists and engineers first developed in the early 1900s (see coal liquefaction). Today, Sasol develops and commercializes technologies, including synthetic fuel technologies, and produces different liquid fuels, chemicals, coal tar, and electricity.[1] "
Even so, we had some higher-level classes in the misbegotten lab there - and this is a topic I have a fair interest in - cause I think there is "precious metal in that thar coal" - and I think burning coal is wasteful.
So, agreed Ken - but generally mankind is rarely rational, especially our pathetic leaders. We need more engineers in charge, not accountants and pen-pushers!
Also - in response to your message - what is good for coal typically is applicable to oil as well - both coal and oil have more value beyond mere combustion and other forms of energy are readily available - ask Tesla - the real Tesla mind ya - not the one for South Africa stole the name of the fella who had the patents taken.
Too late for me P&S - I'm out of the lab and now I'm just a dirt farmer growing peppa in Virginia - land of Jefferson and Madison - and planning on adding a few chickens so the wife and kin got some eggs and protein!
During the 1920s, Franz Fischer and Hans Tropsch, working at the Kaiser Wilhem Institute in Berlin, developed a process for the direct conversion of syngas to hydrocarbons. This is known today as the Fischer-Tropsch (FT) process. During World War II, Germany, cut off from crude oil suppliers, produced synthetic oil using the FT process and the Bergius process, which is a direct coal hydrogenation process (see Chapter 2). Today, the Fischer Tropsch Archive5 maintains an electronic collection of early FT process documents.
~
Sasol, using Lurgi technology, started production of FT fluids in 1955 from locally mined coal in Sasolburg, South Africa.6
Great link my friend, thank you, and indeed you do know your shit, Ken - and I see you keep your shit "wired at all times!" LOL - Srgt Barnes at the 8.20 mark:
Actually - you probably wouldn't be surprised to know that I know all about that already - hells-bells - I'm a Magna Cum Laude graduate from NC State - Class of '87 pal!
🐓🦬🦬🦬🦬🦬
I'm a proud Buffalo born native citizen of us of a - well studied with degrees and experience to prove it!
It was the Chemical Engineering laboratory there in the basement where all the coal-to-liquid equipment resided.
They failed in their efforts then, but I'm pretty sure I know what they got wrong....but why should I tell?
On the other hand, I think I have a recipe for cellulose acetate plastic recyclable easy - I ought know - I know that process heads-to-tails - I know there is a recyclable plastic there in the making - the fellas Swiss in their garage would have benefited from what I know now that time has moved on - so - what you think P&S - should I share it easy or hold tight?
Time to share Ken. If you do, and you are happy, I will publish it under my "Survival Monitor" in my Letter from GB sometime soon.
I don't believe that 'knowledge' should be held secret - 'knowledge is power' and (six-sigma) "If I don't know, I can't act" ...a mantra I use often when consulting.
Best
AP
PS - This is where I consulted for the HMG team in the 1990s and we produced this magic "knowledge system" to assist everyone, FOC, in UK: https://www.citizensadvice.org.uk/
So our leaders in the UK (and others) are determined to destroy that which our parents and Grandparents fought to build and maintain. It cannot be too long before there is a revolt, when Net Zero stupidity begins to bite.
"Can you see the US Dollar Collapse so often referred to by countless financial “gurus” and economic “experts” on the Net?" (Boom)
Whilst I claim no financial expertise, a US National Debt of $36 trillion suggests to me a collapse at some time, is inevitable, unless the US Taxpayers can work out how to pay $272,000 each (figures from US debt clock).
As for coal, dig baby dig - we've got lots of it.
Always remember Greg, a nation's financial controls do not follow traditional household budget patterns. BOOM explains it often when he says nations can't become bankrupt. The US has an "exorbitant privilege" by holding the global reserve currency. Economist, Zandi explains it well but conceeds that trouble may occur down the line: https://markets.businessinsider.com/news/bonds/us-debt-economy-outlook-government-spending-deficit-bond-market-treasuries-2023-9?op=1
BOOM says: "The next time you see an article stating that the “US Dollar is about to collapse” or “Hyperinflation is about to happen in the US”, please take time to consider these US Dollar dynamics — inside the USA, outside the USA and in Eurodollar volumes: https://austrianpeter.substack.com/p/ditching-the-dollar-us-dollar-collapse?utm_source=post-email-title&publication_id=762792&post_id=112604722&isFreemail=false&utm_medium=email
Happy New Year Greg, may you continue to find peace and wellbeing in 2025
Blessings
AP
..and a Happy New Year to you.
Yes, I've read Boom's rationale as to why the US Dollar will not collapse soon, and I agree, but I believe that its collapse is inevitable at some time. Nations CAN become bankrupt and have done. Larger, richer nations will just take longer.
Debt is debt whether in a household or in a huge rich nation, and finally other nations will come to the point, on some future date, of realising that their dollar holdings are not safe. That day WILL come sometime. I see China and Russia preparing for it already. But what do I know?
BOOM speculates 50-100 years, but my feeling is, like you, it's much closer. Will you reference a country that actully went 'bankrupt' please Greg, I can't find one.
Best
AP
Maybe I've used the term a bit loosely but I was thinking of the bankruptcy brought about by the collapse of the French Assignat in the 1790s, the collapse of the Zimbabwe currency in 2009 and the collapse of the Papiermark in the
Weimar Republic in 1923.
Yes, all those are good examples of currency collapse Greg, but the state didn't actually face a bankruptcy court because a state can always raise funding via taxation of its citizens. In civil proceedings a bankrupt has little or no access to funding for their debts, thus they are written off eventually by a bankruptcy edict. https://www.investopedia.com/terms/b/bankruptcy.asp
"Nations actually 'default' on their debts: "Debt defaults cause substantial and long-lasting economic damage—damage that continues until a country’s finances are straightened out. But currently, the global system for doing that also needs fixing." https://www.opensocietyfoundations.org/explainers/what-happens-when-a-country-goes-broke
I trust this help explain this very complex isssue, Gerg.
Best
AP
Liked.
Thank you. Totally agree with you - our ancestors would be ashamed of us.
But, all is not lost!
Happy New Year!
May you live in interesting times, Zara LOL! Happy New Year anyway for whatever turns up you can be sure that our Great Creator knows and will send His angels - [Psalm 91]
Blessings
AP
Thank you! xxx
Chana is clever using up cheap coal while funding the enviornMENTALists in the West.
The reality is - these fools searching for rare earth metals ought look no further than within coal deposits - yet all they can do is "burn" that ole carbon life quickly - and then the metals reside in ash likely harder to ever claim.
Ironic ain't it?
~
The Word for 2025 is Turning.
https://buffaloken.substack.com/p/turning
~
The plan is already "in place".
We are either turning to better times in '25 or turning towards final conclusions I reckon for humanity.
I pray for better times - I pray for Peace.
~
I remember the lab at NC State where we were trying to turn coal into liquid fuel - I betcha there is some good date there.......coal is a treasure trove of old life - tis such a shame to just burn it for heat - what a fucking waste.
~
Time to turn to something better - I pray for that!
I pray for Peace.
~ 😊 ~
Happy New Years!
BK
🦬
All the best for 2025 Ken - and keep those chickens happy! Actually, you may not know that SA creates liquid fuel from coal using a well-proven Nazi system from WW2 and before:
"Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, South Africa, and built on processes that German chemists and engineers first developed in the early 1900s (see coal liquefaction). Today, Sasol develops and commercializes technologies, including synthetic fuel technologies, and produces different liquid fuels, chemicals, coal tar, and electricity.[1] "
https://en.wikipedia.org/wiki/Sasol
Best
AP
So - I think they were trying to improve the WWII Fischer-Tropsch process at NC State - but no go - they failed.
https://www.netl.doe.gov/sites/default/files/2021-03/OVERVIEW%20OF%20COAL%20TO%20LIQUDS%20-%20A%20HISTORICAL%20PERSPECTIVE.pdf
Even so, we had some higher-level classes in the misbegotten lab there - and this is a topic I have a fair interest in - cause I think there is "precious metal in that thar coal" - and I think burning coal is wasteful.
As the man said on discovering oil: "This is too valuable to burn": https://countercurrents.org/po-fleischman301105.htm
So, agreed Ken - but generally mankind is rarely rational, especially our pathetic leaders. We need more engineers in charge, not accountants and pen-pushers!
Go for it, fella
AP
Also - in response to your message - what is good for coal typically is applicable to oil as well - both coal and oil have more value beyond mere combustion and other forms of energy are readily available - ask Tesla - the real Tesla mind ya - not the one for South Africa stole the name of the fella who had the patents taken.
Too late for me P&S - I'm out of the lab and now I'm just a dirt farmer growing peppa in Virginia - land of Jefferson and Madison - and planning on adding a few chickens so the wife and kin got some eggs and protein!
~~~~~
😂
My sentiments too, Ken which is why I took to smallholding in the 70s. "EGGS IS BEST" LOL
Anyway, it's late for me too Ken (0300 SAST) - so head down for a few hours of shut eye. Catch you tomorrow.
Sleep well my good friend
AP
PS, I got the idea you lived in NC? If I could have your address, 2026 is not that far away! Email: peter@underco.co.uk (my private business em).
Peter - my address is out there no doubt.
After the turning of 2025 then maybe 2026 will be upon us - if so I will celebrate......
I pray for peace and I think the more the merrier and i think -
together we are better.
Sweet dreams.
Ken
So if there is anybody here wondering more about the Fischer Tropsch process - well you are in luck - here is a link:
https://www.sciencedirect.com/topics/engineering/fischer-tropsch
From the link:
~
Fischer-Tropsch History
During the 1920s, Franz Fischer and Hans Tropsch, working at the Kaiser Wilhem Institute in Berlin, developed a process for the direct conversion of syngas to hydrocarbons. This is known today as the Fischer-Tropsch (FT) process. During World War II, Germany, cut off from crude oil suppliers, produced synthetic oil using the FT process and the Bergius process, which is a direct coal hydrogenation process (see Chapter 2). Today, the Fischer Tropsch Archive5 maintains an electronic collection of early FT process documents.
~
Sasol, using Lurgi technology, started production of FT fluids in 1955 from locally mined coal in Sasolburg, South Africa.6
~
I know my shit P&S - I know you do as well.
Great link my friend, thank you, and indeed you do know your shit, Ken - and I see you keep your shit "wired at all times!" LOL - Srgt Barnes at the 8.20 mark:
https://www.youtube.com/watch?v=VJtq6Ax7cOo
Actually - you probably wouldn't be surprised to know that I know all about that already - hells-bells - I'm a Magna Cum Laude graduate from NC State - Class of '87 pal!
🐓🦬🦬🦬🦬🦬
I'm a proud Buffalo born native citizen of us of a - well studied with degrees and experience to prove it!
Just like you friend!
Ken
I guess you did, but it was well put IMHO for those who don't know.
It was the Chemical Engineering laboratory there in the basement where all the coal-to-liquid equipment resided.
They failed in their efforts then, but I'm pretty sure I know what they got wrong....but why should I tell?
On the other hand, I think I have a recipe for cellulose acetate plastic recyclable easy - I ought know - I know that process heads-to-tails - I know there is a recyclable plastic there in the making - the fellas Swiss in their garage would have benefited from what I know now that time has moved on - so - what you think P&S - should I share it easy or hold tight?
Time to share Ken. If you do, and you are happy, I will publish it under my "Survival Monitor" in my Letter from GB sometime soon.
I don't believe that 'knowledge' should be held secret - 'knowledge is power' and (six-sigma) "If I don't know, I can't act" ...a mantra I use often when consulting.
Best
AP
PS - This is where I consulted for the HMG team in the 1990s and we produced this magic "knowledge system" to assist everyone, FOC, in UK: https://www.citizensadvice.org.uk/
Happy New Year to you and yours, AP.
2025 should be interesting!