Global Depression 2022 - Time to do the Breadline Boogaloo!

[Hippopatumus]

After WWIII, we'll all be just like the Boomers.

We won WW2.

 

[wtfNeedSignUp]

There is plenty of oil right now, and there will continue to be plenty of oil in the future; but what happens when plenty of oil just wont cut it? I don't agree with everything he says in the interview, but his broad points I find interesting, and believe they hold some truth. As oil production continues to diminish demand for oil is staying relatively steady( if not increasing) this can continue for an indeterminate amount of time, essentially as long as reserves can be funneled into supplies to keep up the illusion of a strong energy base; once this illusion is dispelled all bets are off.

Our society is built upon cheap plentiful energy, and for it to continue to grow this cheap energy needs to flow. Political and social factors undoubtedly have contributed to the recent decline in energy production (covid policies etc), however there is no paucity of evidence to point towards a decline in energy production pre pandemic. Dismissing this issue out of hand purely as a result of pandemic policies and nations banning oil production in oil rich areas is in part how we've come to this point; what I mean by this is that the prediction of "peak oil" has been bandied about for decades, and the consistent, and thus far dubiously correct retort of "we will find oil/energy elsewhere" has perhaps lulled us into a state of complacency. The ROI for energy will only continue to decline as long as we are dependent on fossil fuels, green energy is superfluous at best if not out right a net negative, and nuclear needs to clear the hurdle of public opinion(something tells me the AC going off in mid August might change some peoples minds) before plants that will take years to complete can even start producing energy.

Peak oil like many gradual phenomena is often thought of as occurring at some set point, and perhaps we will look back once it has finally occured and fix a date, but in reality it will be a slow grind that will see prices climb until they simply become unsustainable. The rise in gas prices over the years is not simply a result of monetary inflation but a severe spike in the amount of energy required to generate even more energy.

Perhaps we have another decade of relatively cheap energy ahead of us, perhaps not, either way the problem of diminishing energy production stands naked for all who chose to see it.

Things will always just work out, right?

Hmmm, if only we had an energy source that is near infinite, is extremely safe and one that we only scratched the surface of what it can do before shutting it down because of propoganda based on shoddy Russian engineering.

 

[George Lucas]

Hmmm, if only we had an energy source that is near infinite, is extremely safe and one that we only scratched the surface of what it can do before shutting it down because of propoganda based on shoddy Russian engineering.

You mean fossil fuels?

What if I told you fossil fuels are safer for the environment than nuclear, hydro, solar, wind, and wood?

 

[Vecr]

What if I told you fossil fuels are safer for the environment than nuclear, hydro, solar, wind, and wood?

I doubt it. You need a lot less uranium mined from the ground than coal for the same energy you get out, so you should get less leaching into local water sources and people killed in mining accidents. Natural gas is closer, but you still need a whole lot more of it. You need to look at the environmental damage per usable megawatt out, not per kilogram per day.

 

[Angry Alt Right Nerd]

You mean fossil fuels?

What if I told you fossil fuels are safer for the environment than nuclear, hydro, solar, wind, and wood?

Fossil fuels aren't near infinite, we've scratched way more than just the surface, and we never shut it down you illiterate

 

[Meat Target]

Why did the stock market bounce back? I know it changes with the wind, but that's a big shift.

 

[Cringe newfag]

You mean fossil fuels?

What if I told you fossil fuels are safer for the environment than nuclear, hydro, solar, wind, and wood?

Even without any climate stuff, coal and oil still kills tons of people with mundane physical pollution. If you've ever lived in a city and been able to scrape away black soot from your window you know what I mean. I'd take nuclear power every day. Even with regular accidents, it'd still cause less harm.

 

[George Lucas]

I doubt it. You need a lot less uranium mined from the ground than coal for the same energy you get out, so you should get less leaching into local water sources and people killed in mining accidents. Natural gas is closer, but you still need a whole lot more of it. You need to look at the environmental damage per usable megawatt out, not per kilogram per day.

For nuclear, it’s about the water. Changes in local water temperature are far more damaging than CO2 pollution will ever be.

 

[George Lucas]

Even without any climate stuff, coal and oil still kills tons of people with mundane physical pollution. If you've ever lived in a city and been able to scrape away black soot from your window you know what I mean. I'd take nuclear power every day. Even with regular accidents, it'd still cause less harm.

That ‘black soot’ is rubber from tires and asphalt. This isn’t Victorian London. Most of the ‘pollution’ from anything powered by fossil fuels is water vapor.

 

[888Flux]

Why did the stock market bounce back? I know it changes with the wind, but that's a big shift.

Because of the Dollar Tree and Costco earnings report. Yes I am serious. Because of fucking Dollar Tree. Somehow their earnings being slightly better than the forecasts means that consumer demand and consumer purchasing is strong - which makes total logical sense. The market is traded by insane people and even more insane algorithms

 

[Meat Target]

Because of the Dollar Tree and Costco earnings report. Yes I am serious. Because of fucking Dollar Tree. Somehow their earnings being slightly better than the forecasts means that consumer demand and consumer purchasing is strong - which makes total logical sense. The market is traded by insane people and even more insane algorithms

Top jej.

Talking heads on Bloomberg are claiming inflation is "moderating" now.

 

[trent]

Why did the stock market bounce back? I know it changes with the wind, but that's a big shift.

It pretty much just went down due to panic selling over the Fed rate adjustment and inflation.

Inflation is already starting to slow down, gas prices are supposedly going to start coming down and wouldn't you know it a bunch of institutional investors have swooped in to buy low on the stock market.

 

[Dysnomia]

Now in the UK, GPS-protected "luxury" meats.
View attachment 3322523View attachment 3322524

Does the UK have the same crazy theft problems as us murricans? It looks crazy and people will figure out how to bypass it anyway.

 

[Badungus Kabungus]

Does the UK have the same crazy theft problems as us murricans? It looks crazy and people will figure out how to bypass it anyway.

Same shit but with gypsies and pakis instead of St. Floyd's children. But yeah they would just steal that shit, break the box in a nearby alley right away, and take the meat.

 

[888Flux]

It pretty much just went down due to panic selling over the Fed rate adjustment and inflation.

Inflation is already starting to slow down, gas prices are supposedly going to start coming down and wouldn't you know it a bunch of institutional investors have swooped in to buy low on the stock market.

What alternate reality do you live in?

 

[wtfNeedSignUp]

Because of the Dollar Tree and Costco earnings report. Yes I am serious. Because of fucking Dollar Tree. Somehow their earnings being slightly better than the forecasts means that consumer demand and consumer purchasing is strong - which makes total logical sense. The market is traded by insane people and even more insane algorithms

Isn't the entire point of the Dollar Tree is that it's "everything for a dollar"? It should be the total inverse if anything, if more people are reduced to buying in dollar stores then the economy is turbofucked, especially when I doubt any americans are actually creating those products

 

[Ancient Pioneer]

Isn't the entire point of the Dollar Tree is that it's "everything for a dollar"? It should be the total inverse if anything, if more people are reduced to buying in dollar stores then the economy is turbofucked, especially when I doubt any americans are actually creating those products

Dollar [General/Tree/Store] usually set up in poor areas and become the only outlet for consumer staples. The markets are looking for any bit of positive news, this runs counter to Target and Walmart eating shit which helps contextualize the information into "Consumers are buying ONLY the essentials right now because they're so hammered by inflation and gas prices." The stock market has been disconnected from reality since easily 2015 so its unsurprising that it would go up when the economy is absolute dogshit, though admittedly you always get green weeks or even months in a recession.

 

[Hippopatumus]

Bear market rally.

Everyone bought insurance for the crash (put options) so when it didn't instantly materialize, a short squeeze commenced. Many such cases.

For nuclear, it’s about the water. Changes in local water temperature are far more damaging than CO2 pollution will ever be.

Shouldn't you be coloring right now?

 

[teriyakiburns]

Does the UK have the same crazy theft problems as us murricans? It looks crazy and people will figure out how to bypass it anyway.

I've never seen this stuff anywhere. I have to assume it's down in some crap part of south London.

 

[CarlosDanger]

Why did the stock market bounce back? I know it changes with the wind, but that's a big shift.

The market is basically the equivalent to a crackhead. Last week the crackhead found a few small crack rocks buried at the bottom of an empty cigarette pack.