The real reason nobody of any media stature is pounding the table about sea level and the related issues is its too big to do anything about it. Bangladesh? They are all going to die, so we need to automate textile production. We need to get headquarters out of NYC not try to save it. Those fools in Miami are still paying top dollar for real estate. So sell it to them, don't warn them.
I'm keeping my stock portfolio because I see corporate America is seeing very clearly what's coming. Top CEO's are taking active measures to protect corporate profits. There are still giant profits to be made by guessing right into the apocalypse.
Look at what SmartMoney is doing, don't listen to politicians. Smart money is already positioned for what's coming. And I don't mean billionaire bunkers, those are just distractions. Smart mone already owns the water rights for soon to be desert real estate. These guys are ready. They don't care about you.
Sorry to be the one to tell you, but you are part of the problem, rather than part of the solution.
Stocks will eventually crash, when the Permian goes into decline, any year now. At that point, energy will be in decline, and you can't have economic growth without energy growth. You just can't.
And you can't have stock market growth without economic growth.
What to do with your money?
Get some productive farmland, with surface water rights. That will be the "new oil" soon.
The armed mercenaries I will hire will take your productive farmland. LOL Stocks will be your best investment other than easily recognized small denomination gold coins. I like the 1/10th ounce .999 pure Candadian Mapleleafs. By the time it gets to your description it will be absolute chaos. That may happen next year, or 20 years from now. I recall getting the same advice 14 years ago. That guy has dirty hands, a sore back, and no money in the bank. Think realisticly. You can't run a farm and norther can I.
I strongly disagree. It could happen any year now, it certainly doesn't need another 20 years.
In 2007/8, we already had an semi-final crash. After the Lehman Brothers went down, the white house was in full panic mode, so they bailed the Wall Street banks out with tax payers' money, apparently they were "too big to fail". Because they know, the banks are the centre of this capitalist game.
That, was to put the economy on life-support.
Yet nothing has changed since 2008, if anything, it is much worse now. Everything still completely relies on credit, and debt is now 4 times the global GDP. Instead of a housing bubble 16 years ago, we now have an "everything bubble".
The next financial crisis is the final one, because the "bail out" option does not exist anymore, the result: BANK RUNS!
From a bigger perspective, the "financial economy" is a sub-system of the material(real) economy. In a healthy society, they should parallel each other. But after Reagan/Thatcher, the financial economy has become a parasite. It has completely derailed from the REAL economy (neoliberalism).
And the real economy itself is a sub-system of the earth's ecosystem. So I have no idea how you think another 20 years is remotely possible. The ecosystem is collapsing, soon it will reveal its consequences in the financial world.
We’re in truly scary times. Forgive me if this has been brought up before, but your note about the elites riding this out made me think about nextgen AI being released soon. It will allow elites to maintain operation and profit with significantly fewer people. I work in tech and our mandate is to “automate” as much as we possibly can. Leadership is pushing AI and telling us to do more with less. Rounds of massive layoffs. It’s wild.
Hey, Richard - in the video, you say agricultural output numbers from the southern hemisphere are coming in and looking bad. Where can we see those figures?
The real reason nobody of any media stature is pounding the table about sea level and the related issues is its too big to do anything about it. Bangladesh? They are all going to die, so we need to automate textile production. We need to get headquarters out of NYC not try to save it. Those fools in Miami are still paying top dollar for real estate. So sell it to them, don't warn them.
I'm keeping my stock portfolio because I see corporate America is seeing very clearly what's coming. Top CEO's are taking active measures to protect corporate profits. There are still giant profits to be made by guessing right into the apocalypse.
Look at what SmartMoney is doing, don't listen to politicians. Smart money is already positioned for what's coming. And I don't mean billionaire bunkers, those are just distractions. Smart mone already owns the water rights for soon to be desert real estate. These guys are ready. They don't care about you.
"I'm keeping my stock portfolio…"
Sorry to be the one to tell you, but you are part of the problem, rather than part of the solution.
Stocks will eventually crash, when the Permian goes into decline, any year now. At that point, energy will be in decline, and you can't have economic growth without energy growth. You just can't.
And you can't have stock market growth without economic growth.
What to do with your money?
Get some productive farmland, with surface water rights. That will be the "new oil" soon.
The armed mercenaries I will hire will take your productive farmland. LOL Stocks will be your best investment other than easily recognized small denomination gold coins. I like the 1/10th ounce .999 pure Candadian Mapleleafs. By the time it gets to your description it will be absolute chaos. That may happen next year, or 20 years from now. I recall getting the same advice 14 years ago. That guy has dirty hands, a sore back, and no money in the bank. Think realisticly. You can't run a farm and norther can I.
I strongly disagree. It could happen any year now, it certainly doesn't need another 20 years.
In 2007/8, we already had an semi-final crash. After the Lehman Brothers went down, the white house was in full panic mode, so they bailed the Wall Street banks out with tax payers' money, apparently they were "too big to fail". Because they know, the banks are the centre of this capitalist game.
That, was to put the economy on life-support.
Yet nothing has changed since 2008, if anything, it is much worse now. Everything still completely relies on credit, and debt is now 4 times the global GDP. Instead of a housing bubble 16 years ago, we now have an "everything bubble".
The next financial crisis is the final one, because the "bail out" option does not exist anymore, the result: BANK RUNS!
From a bigger perspective, the "financial economy" is a sub-system of the material(real) economy. In a healthy society, they should parallel each other. But after Reagan/Thatcher, the financial economy has become a parasite. It has completely derailed from the REAL economy (neoliberalism).
And the real economy itself is a sub-system of the earth's ecosystem. So I have no idea how you think another 20 years is remotely possible. The ecosystem is collapsing, soon it will reveal its consequences in the financial world.
Made my living from small-scale farming for fifteen years.
You can't eat gold, and you can't eat stock certificates.
Back at 'cha!
As for "armed mercenaries," that's for uncivilized countries. We don't have handguns where I live.
We’re in truly scary times. Forgive me if this has been brought up before, but your note about the elites riding this out made me think about nextgen AI being released soon. It will allow elites to maintain operation and profit with significantly fewer people. I work in tech and our mandate is to “automate” as much as we possibly can. Leadership is pushing AI and telling us to do more with less. Rounds of massive layoffs. It’s wild.
They figure that the surviving people will be hard to keep on the job, you know, they eat and sleep and get sick . . .
Hey, Richard - in the video, you say agricultural output numbers from the southern hemisphere are coming in and looking bad. Where can we see those figures?
https://open.substack.com/pub/animistsramblings/p/agriculture-diminishing-returns?utm_source=share&utm_medium=android&r=36udty