[Majorityrights News] Olukemi Olufunto Adegoke Badenoch wins Tory leadership election Posted by Guessedworker on Saturday, 02 November 2024 22:56. [Majorityrights News] What can the Ukrainian ammo storage hits achieve? Posted by Guessedworker on Saturday, 21 September 2024 22:55. [Majorityrights Central] An Ancient Race In The Myths Of Time Posted by James Bowery on Wednesday, 21 August 2024 15:26. [Majorityrights Central] Slaying The Dragon Posted by James Bowery on Monday, 05 August 2024 15:32. [Majorityrights Central] The legacy of Southport Posted by Guessedworker on Friday, 02 August 2024 07:34. [Majorityrights News] Farage only goes down on one knee. Posted by Guessedworker on Saturday, 29 June 2024 06:55. [Majorityrights News] An educated Russian man in the street says his piece Posted by Guessedworker on Wednesday, 19 June 2024 17:27. [Majorityrights Central] Freedom’s actualisation and a debased coin: Part 1 Posted by Guessedworker on Friday, 07 June 2024 10:53. [Majorityrights News] Computer say no Posted by Guessedworker on Thursday, 09 May 2024 15:17. [Majorityrights News] Be it enacted by the people of the state of Oklahoma Posted by Guessedworker on Saturday, 27 April 2024 09:35. [Majorityrights Central] Ukraine, Israel, Taiwan … defend or desert Posted by Guessedworker on Sunday, 14 April 2024 10:34. [Majorityrights News] Moscow’s Bataclan Posted by Guessedworker on Friday, 22 March 2024 22:22. [Majorityrights News] Soren Renner Is Dead Posted by James Bowery on Thursday, 21 March 2024 13:50. [Majorityrights News] Collett sets the record straight Posted by Guessedworker on Thursday, 14 March 2024 17:41. [Majorityrights Central] Patriotic Alternative given the black spot Posted by Guessedworker on Thursday, 14 March 2024 17:14. [Majorityrights Central] On Spengler and the inevitable Posted by Guessedworker on Wednesday, 21 February 2024 17:33. [Majorityrights News] Alex Navalny, born 4th June, 1976; died at Yamalo-Nenets penitentiary 16th February, 2024 Posted by Guessedworker on Friday, 16 February 2024 23:43. [Majorityrights News] A Polish analysis of Moscow’s real geopolitical interests and intent Posted by Guessedworker on Tuesday, 06 February 2024 16:36. [Majorityrights Central] Things reactionaries get wrong about geopolitics and globalism Posted by Guessedworker on Wednesday, 24 January 2024 10:49. [Majorityrights News] Savage Sage, a corrective to Moscow’s flood of lies Posted by Guessedworker on Friday, 12 January 2024 14:44. [Majorityrights Central] Twilight for the gods of complacency? Posted by Guessedworker on Tuesday, 02 January 2024 10:22. [Majorityrights Central] Milleniyule 2023 Posted by Guessedworker on Friday, 22 December 2023 13:11. [Majorityrights Central] A Russian Passion Posted by Guessedworker on Friday, 22 December 2023 01:11. [Majorityrights Central] Out of foundation and into the mind-body problem, part four Posted by Guessedworker on Saturday, 02 December 2023 00:39. [Majorityrights News] The legacy of Richard Lynn Posted by Guessedworker on Thursday, 31 August 2023 22:18. [Majorityrights Central] Out of foundation and into the mind-body problem, part three Posted by Guessedworker on Sunday, 27 August 2023 00:25. [Majorityrights Central] A couple of exchanges on the nature and meaning of Christianity’s origin Posted by Guessedworker on Tuesday, 25 July 2023 22:19. [Majorityrights Central] The True Meaning of The Fourth of July Posted by James Bowery on Sunday, 02 July 2023 14:39. [Majorityrights News] Is the Ukrainian counter-offensive for Bakhmut the counter-offensive for Ukraine? Posted by Guessedworker on Thursday, 18 May 2023 18:55. [Majorityrights News] Charles crowned king of anywhere Posted by Guessedworker on Sunday, 07 May 2023 00:05. [Majorityrights News] Lavrov: today the Kinburn Spit, tomorrow the (New) World (Order) Posted by Guessedworker on Friday, 07 April 2023 11:04. [Majorityrights Central] On an image now lost: Part One Posted by Guessedworker on Friday, 07 April 2023 00:33. [Majorityrights News] The Dutch voter giveth, the Dutch voter taketh away Posted by Guessedworker on Saturday, 18 March 2023 11:30. [Majorityrights Central] News of Daniel Posted by Guessedworker on Friday, 03 March 2023 05:18. Here is Martin’s latest offering at PrudentBear.com. Subject matter: the highly political global oil economy, following on rather neatly from James’ antennae-twitching piece on hyper-inflation.
In conventional analysis, the surge in demand from the emergence of India and China and a strong economy in the West is believed to be temporary. Prices may be boosted by an unexpected event such as Hurricane Katrina or the Nigerian oil disturbances, but a sustained period of high prices such as in 2005-06 produces additional sources of oil supply. These take time to appear but eventually satisfy demand and drive prices down to their equilibrium level, currently thought to be in the $25-30 per barrel range. This analysis may be wrong for a number of reasons. On the demand side, this is not an ordinary economic boom, but has been “turbocharged” in China and India by the Internet’s one-off enabling of outsourcing to those two countries. Thus the world’s economic growth is heavily concentrated in China and India, particularly China, rather than in the countries of the West and Japan in which oil demand is relatively saturated. The Chinese automobile market has grown from 3.2 million vehicles in 2002 to 7 million in 2006, and is now the second largest automobile market in the world, just ahead of Japan, 40% of the size of the U.S. market and 10% of the world market. Naturally the buyers of these vehicles are going to drive them, since gasoline remains a relatively small part of the overall purchase and maintenance cost of an automobile. Hence gasoline demand in China is rising not by the country’s 10% overall economic growth, let alone by the lesser figure that might be expected as usage becomes more efficient, but by something fairly close to the 22% per annum growth rate of Chinese automobile ownership. While Chinese gasoline usage still represents a modest share of world oil demand, if even a small part of the oil market is growing structurally by 22% per annum, the normal effect of higher prices in encouraging conservation and reducing consumption may be swamped. Indeed, that appears to be the case; in 2005 world oil demand increased by 1.2 million barrels per day, in spite of an average oil price around 40% higher than in 2004. Almost all that increase in demand was outside the OECD group of wealthy countries.
CNN Money reports that:
The New York Times reports that:
Slate reports that:
These are the key ingredients contributing to my question, posed July 16: Hyperinflation within a year? wherein I proposed it is quite reasonable to expect to see the first signs of hyperinflation within a year due to the in-rushing of dollars no longer considered the world’s reserve currency. Against this pressure the Fed will not have the option of raising interest rates to the levels it did in the early 80’s since there is no wealth of well-educated, dutiful white kids whose fertility can be destroyed in order to pay for the insane policies that place urbanization above the people as organic reality. (There was no significant “baby boom echo”—merely open borders.) Then the game of borrow-now and pay back in future inflated currency, in-turn driving inflation faster upward, that was getting out of hand just before the Volker interest spike, will face no containing powers.
“There are different kinds of truths for different kinds of people. There are truths appropriate for children; truths that are appropriate for students; truths that are appropriate for educated adults; and truths that are appropriate for highly educated adults, and the notion that there should be one set of truths available to everyone is a modern democratic fallacy. It doesn’t work.” Irving Krystol
The following is a story about the inherent dishonesty - or possibly leftism - of the little hero of the French right, Nicolas Sarkozy. It involves guns in private ownership, and actually originates not from a French source but from a Swiss gun website. Swiss men, incidentally, like their guns - by which I mean not the odd twelve-bore but massively lethal military hardware. Guns are a central part of Swiss life. By government decree every adult male who is not on active service is a Reservist. He must be armed and ready to venture forth in defence of his country … fighting his own way through enemy lines to join up with his unit if necessary. So there’s cold steel in every true Switzer’s home, and that’s how they like it. It’s been that way for generations. Even so, it isn’t liberal to leave well alone, and all loved customs in the West must come under the “critical” gaze. Now there is a growing movement in Switzerland to take the gun out of the home. But that’s Switzerland, and somewhat off-topic. So we’d better get back to the little Hungarian Jewish guy who, as Minister for the Interior, is the top chief of police in all France. It’s true that mainstream politicians famously dislike an armed citizenry. But why does Sarkozy, who enjoys whipping up populist support with his tough-guy posturings on immigration, want to disarm native Frenchmen at this point in time? Is he simply travelling leftward for political effect, as David Cameron is? Is he trying to draw the sting from the Socialists? His reasoning as stated below is certainly no guide. It is contorted and unconvincing, and I don’t think he can really believe it himself. It reads as though he confected it on the spur of the moment because the real logic of his argument can’t be made public. See for yourself. Here’s a translation from the Swiss website by MR reader Michael R:-
It’s no surprise that the kings of the fraud business turn out to Nigerian.
Does anyone seriously suppose things will change? That screw-you style of pig-individualism isn’t a spot of temporary bad luck in Sub-Saharan political life. It’s much more likely that ordinary Africans do indeed like their vaunted “strong man” rulers because they are, basically, what the ordinary African male would rather like to be himself. A life of quiet dedication and public service doesn’t enter into it. Lord Acton’s moral sewer does. It’s all sociobiology. So, then, what do the dreamers and the Western idealists think they are up to? Ah yes, striving to devote 0.7% of the national GDP of each developed nation in aid for the fight against global poverty. That should work.
According to the recently released Department of Justice annual hate crimes report, about 60% of all hate crimes were perpetrated by the racial category of “white”. You can see for yourself here. Neither Latinos nor Hispanics are mentioned, but it is well known that somewhere between 88% and 91% of all Latinos are classified as “white” by race in the USA. However, when we look at the statistics about victims of hate crimes, we see that Latinos/Hispanics are well represented with their own ethnic category. Look here. This is profoundly dishonest. MR readers may want to try their statistical skills to tease out additional problems or information. Merging “white” and most “Latinos” in a single category of hate crime perpetrator and assigning them all the racial label “white” has been the practise since national statistics of hate crimes were first recorded. Of course, when it comes to victim status all “Latinos” are bunched together. Thus, the “white” perpetrator class is pumped up, and the “white” victim class is comparatively reduced. By the way, this approach also applies in other areas. When you look at statistics on unmarried mothers, for example, you will find that “Latinos” are scattered within the races as part of “white,” “black,” and “Asian” and serve to seriously expand the “white” racial category of unmarried mothers. This is also the origin of the “non-Hispanic white” label although you will never see “non-Hispanic Asian” (yes, they are a real category) and “non-Hispanic black” (another big category).
From BBC News:- The complete works of one of history’s greatest scientists, Charles Darwin, are being published online. The project run by Cambridge University has digitised some 50,000 pages of text and 40,000 images of original publications - all of it searchable. Surfers with MP3 players can even access downloadable audio files. The resource is aimed at serious scholars, but can be used by anyone with an interest in Darwin and his theory on the evolution of life.
From a UPI article titled Gallic Intifada:-
Meanwhile, the Telegraph has finally pondered these last two weeks of ministerial interventions in the veil row, and in this morning’s leader come up with ... the deeply obvious: Labour loses faith in multi-culturalism.
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Of Note MR Central & News— CENTRAL— An Ancient Race In The Myths Of Time by James Bowery on Wednesday, 21 August 2024 15:26. (View) Slaying The Dragon by James Bowery on Monday, 05 August 2024 15:32. (View) The legacy of Southport by Guessedworker on Friday, 02 August 2024 07:34. (View) Ukraine, Israel, Taiwan … defend or desert by Guessedworker on Sunday, 14 April 2024 10:34. (View) — NEWS — Farage only goes down on one knee. by Guessedworker on Saturday, 29 June 2024 06:55. (View) Computer say no by Guessedworker on Thursday, 09 May 2024 15:17. (View) CommentsGuessedworker commented in entry 'Death and taxes' on Mon, 24 Oct 2022 15:12. (View) Guessedworker commented in entry 'Death and taxes' on Sun, 23 Oct 2022 23:40. (View) Thorn commented in entry 'Death and taxes' on Sun, 23 Oct 2022 22:10. (View) James Bowery commented in entry 'Death and taxes' on Sun, 23 Oct 2022 20:31. (View) Thorn commented in entry 'Death and taxes' on Sat, 22 Oct 2022 21:51. (View) James Bowery commented in entry 'Death and taxes' on Sat, 22 Oct 2022 16:12. (View) Thorn commented in entry 'Death and taxes' on Sat, 22 Oct 2022 14:55. (View) Timothy Murray commented in entry 'She is Georgia' on Sat, 22 Oct 2022 14:29. (View) James Bowery commented in entry 'Death and taxes' on Sat, 22 Oct 2022 13:19. (View) Thorn commented in entry 'Death and taxes' on Sat, 22 Oct 2022 12:08. (View) Richard Yorke commented in entry 'Death and taxes' on Sat, 22 Oct 2022 08:49. (View) James Bowery commented in entry 'Death and taxes' on Sat, 22 Oct 2022 00:01. (View) Thorn commented in entry 'Death and taxes' on Fri, 21 Oct 2022 22:40. (View) Thorn commented in entry 'Death and taxes' on Fri, 21 Oct 2022 22:36. (View) Thorn commented in entry 'Death and taxes' on Fri, 21 Oct 2022 20:41. (View) James Bowery commented in entry 'Death and taxes' on Fri, 21 Oct 2022 18:40. (View) Thorn commented in entry 'Death and taxes' on Fri, 21 Oct 2022 18:00. (View) James Bowery commented in entry 'Death and taxes' on Fri, 21 Oct 2022 17:08. (View) Thorn commented in entry 'Death and taxes' on Fri, 21 Oct 2022 15:27. (View) James Bowery commented in entry 'Death and taxes' on Fri, 21 Oct 2022 13:36. (View) Al Ross commented in entry 'Militia Money' on Thu, 20 Oct 2022 07:04. (View) Al Ross commented in entry 'She is Georgia' on Thu, 20 Oct 2022 04:51. (View) Al Ross commented in entry 'She is Georgia' on Thu, 20 Oct 2022 02:36. (View) Al Ross commented in entry 'She is Georgia' on Thu, 20 Oct 2022 02:07. (View) Al Ross commented in entry 'She is Georgia' on Thu, 20 Oct 2022 01:51. (View) James Bowery commented in entry 'Death and taxes' on Mon, 17 Oct 2022 13:07. (View) Thorn commented in entry 'Death and taxes' on Mon, 17 Oct 2022 11:19. (View) Thorn commented in entry 'Redefine the Israeli business sense' on Sun, 16 Oct 2022 14:45. (View) Timothy Murray commented in entry 'She is Georgia' on Sat, 15 Oct 2022 14:29. (View) Timothy Murray commented in entry 'She is Georgia' on Fri, 14 Oct 2022 23:59. (View) Timothy Murray commented in entry 'She is Georgia' on Fri, 14 Oct 2022 22:23. (View) |