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Government, Not Coronavirus, Is Killing Small Businesses

By Ron Paul | December 21, 2020

A video of a confrontation between Ventura County, California health officials and restaurant owner Anton Van Happen has gone viral. The health officials were ordering Mr. Van Happen to close his business because he allegedly violated California’s ban on outdoor dining. Mr. Van Happen asked the health officials if the government will pay his employees and his rent while his business is indefinitely closed.

Mr. Van Happen is hardly the only small business owner worried about how to pay bills during the lockdowns. Many small businesses operate on a narrow profit margin, so being forced to “temporarily” shut down or limit the number of customers they can serve is a virtual death sentence.

The lockdowns have already caused as many as 200,000 small businesses to permanently close. Lockdowns, by shrinking the number of employers, lead to long-term unemployment or lower wages for many workers.

While governments have terrorized small businesses, they have typically deemed the big chain stores “essential businesses” so they can remain open. The lockdowns are thus another government policy that gives big businesses a competitive advantage over their smaller competitors.

The benefits big businesses get from the lockdowns — including fewer competitors, more customers, and a job market with more workers competing for fewer jobs — may explain why many big businesses are not fighting the lockdowns. Instead, most big retail chains are requiring their workers and customers to wear masks. Many big businesses may soon deny service to those who refuse to receive a Covid vaccine.

One would think that progressives who claim to oppose policies that benefit big corporations like WalMart, Target, and Amazon would oppose the lockdowns. Sadly, even many progressives are unquestioningly parroting the Covid propaganda and demonizing those who dissent.

By slowing down the development of herd immunity among the population, the lockdowns could put those truly at risk in greater danger. Lockdowns have also had negative effects such as increases in drug and alcohol abuse and increases in domestic violence. Meanwhile, many schoolchildren are deprived of the opportunity to interact with their teachers and their peers. Instead, these children are subjected to the fraud of “virtual learning.”

Resistance to Covid tyranny is growing as more people figure out that lockdowns and mandates are both unnecessary and harmful. This resistance was largely started by small business owners faced with a choice between obeying the government or making sure they, and their employees, can feed their families. Small business owners have been leaders in recent anti-lockdown protests across America.

Eventually the resistance will grow to the point where the politicians will be forced to either double down on authoritarianism or admit the lockdowns were a mistake. Either way, those of us who know the truth must resist the Covid tyranny until government officials no longer terrorize small businesses for the crime of serving willing consumers.

Copyright © 2020 by RonPaul Institute.

December 21, 2020 Posted by | Civil Liberties, Economics, Progressive Hypocrite, Science and Pseudo-Science | , | Leave a comment

Iran, Pakistan open 2nd border crossing for trade surge

Press TV | December 19, 2020

Iran and Pakistan have inaugurated the second official border crossing for the transfer of goods and passengers.

The border point opened during a ceremony on Saturday, with Iran’s Minister of Roads and Urban Development Mohammad Eslami and the Pakistani Minister for Defense Production Zubaida Jalal attending the event.

The gateway connects Rimadan, located in Dashtyari country of Iran’s southeastern Sistan and Baluchestan Province, with Pakistan’s Gabd.

The Rimadan border crossing has a capacity for exporting and importing goods and transporting Pakistani pilgrims and tourists.

The border’s 70-kilometer distance with Gwadar port also enables Pakistani citizens to reach Iran’s strategic Chabahar port, from where they can travel by plane or train to Iran’s religious cities and tourist sites.

The connection of the Rimadan border with Pakistan’s Karachi port would pave the way for linking China and Southeast Asian countries to Eastern Europe.

In an interview with IRNA news agency, Iran’s Ambassador to Pakistan Mohammad Ali Hosseini said there was only one crossing, Mirjaveh-Taftan, on the 900-kilometer border between the two neighboring states.

So, he added, Iranian and Pakistani officials decided to open two more border gateways, Rimadan-Gabd and Pishin-Mand.

The envoy also stressed that the inauguration of Rimdan-Gabd border point will increase economic and trade cooperation between Tehran and Islamabad, reduce smuggling and improve the livelihood of border residents as well as the security situation along the common frontier.

December 19, 2020 Posted by | Economics | , , | Leave a comment

Billionaires’ Net Worth Grows to $10.2 Trillion During Pandemic

teleSUR | December 19, 2020

A report from Swiss bank UBS revealed that billionaires did “extremely well” during the COVID-19 pandemic, increasing their wealth more than a quarter to $10.2 trillion at the height of the crisis.

As millions of people lost their jobs and struggled to get by on government schemes, billionaires surpassed their previous peak net worth of $8.9 trillion at the end of 2017, while also increasing their ranks to 2,189 from 2,158 over the past three years.

The world’s super-rich currently hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century, when families like the Vanderbilts, Rockefellers, and Carnegies controlled vast fortunes.

The wealthiest person on the planet, Amazon founder and CEO Jeff Bezos, saw his wealth increase $74 billion so far this year, reaching $189 billion. Elon Musk, the founder of Tesla, has seen his wealth rise $76 billion this year, totaling $103 billion.

While the UBS report noted that 209 billionaires had publicly committed to donating $7.2 billion in COVID-19 disaster relief, the figures represent just .07% of all billionaire wealth, with less than one in ten billionaires committing to contribute anything at all.

Luke Hilyard, executive director of the High Pay Centre, which researches excessive pay, said the “extreme wealth concentration is an ugly phenomenon from a moral perspective, but it’s also economically and socially destructive. Anyone accumulating riches on this scale could easily afford to raise the pay of the employees who generate their wealth, or contribute a great deal more in taxes to support vital public services while remaining very well rewarded for whatever successes they’ve achieved.”

Josef Stradler, head of UBS’ global family office department that directly deals with the world’s wealthiest individuals, said that the fact that billionaire wealth had increased so much while hundreds of millions of people worldwide are struggling could lead to public and political anger, having previously warned that the inequality gap between rich and poor could potentially lead to a “strike back.”

December 19, 2020 Posted by | Economics | | Leave a comment

Strategic Victory For China? US Drops Key Project Amid Sri Lanka’s Unrelenting Security Concerns

By Rishikesh Kumar – Sputnik – 17.12.2020

US Secretary of State Mike Pompeo paid a visit to Sri Lanka in October to coax the Gotabaya Rajapksa government to sign the Millennium Challenge Cooperation Agreement. A controversy erupted ahead of Pompeo’s visit, as the US called upon Colombo “to make difficult but necessary decisions” to pick sides between Beijing and Washington.

In a major setback amid the growing Chinese presence in the Indian Ocean Region, the US has decided to discontinue a proposed $480 million development assistance programme in Sri Lanka due to “lack of partner country engagement”.

The US Embassy in Colombo on Thursday informed through a press statement that the Millennium Challenge Corporation (MCC) board has decided that the approved fund for Sri Lanka will now be made available to other eligible partner countries.

The Millennium Challenge Cooperation Agreement was approved by the previous government of Ranil Wickremesinghe in the last year of his tenure, but he was unable to get approval from parliament, evoking widespread resistance among people who believed it compromised the nation’s sovereignty and national security.

Nevertheless, the US has once again reiterated that the programme, also facing resistance in another South Asian nation, Nepal, is transparent in nature.

“Country ownership, transparency, and accountability for grant results are fundamental to MCC’s development model”, the statement reads.The MCC has been dubbed a “development project aimed at poverty alleviation” by the US, but many people in Sri Lanka consider it a tool to expand military outreach in the Indian Ocean.

The MCC has partnered with nearly 30 countries worldwide on 38 grant agreements, totalling nearly $13.5 billion.

Ties between the two countries soured under the Gotabaya Rajapaksa government as the Trump administration considered it biased in favour of China. The Trump administration also introduced a ban on the entry of Sri Lanka’s Army Chief Lt. Gen. Shavendra Silva – who is considered a war hero in the 30-year battle against Tamil militancy – into the United States on charges of human rights violations.

In October this year, US Principal Deputy Assistant Secretary Dean Thompson urged Sri Lanka to make “difficult but necessary choices” to secure its economic independence instead of choosing opaque practices in an apparent reference to China deepening its relations with the South Asian country. Beijing reacted to the remark and asked the US to shun a “Cold War” mentality. China has invested nearly $8 billion in infrastructure projects in Sri Lanka, with Colombo Port City and the Hambantota Port Projects being the two major ones.

December 17, 2020 Posted by | Economics | , , | Leave a comment

Pakistan returns $1 bln of Saudi Arabia’s loan over Kashmir dispute

MEMO | December 16, 2020

Pakistan has returned $1 billion to Saudi Arabia as a second installment of a $3 billion soft loan, as Islamabad reaches out to Beijing for a commercial loan to help it offset pressure to repay another $1 billion to Riyadh next month, officials said on Wednesday according to a report by Reuters.

Analysts say it is unusual for Riyadh to press for the return of money. But relations have been strained lately between Pakistan and Saudi Arabia, historically close friends.

Saudi Arabia gave Pakistan a $3 billion loan and a $3.2 billion oil credit facility in late 2018. After Islamabad sought Riyadh’s support over alleged human rights violations by India in the disputed territory of Kashmir, Saudi Arabia has pushed Pakistan to repay the loan.

With the $1 billion flowing out, Pakistan – which has $13.3 billion in central bank foreign reserves – could face a balance of payments issue after clearing the next Saudi installment.

“China has come to our rescue,” a foreign ministry official told Reuters. A finance ministry official said Pakistan’s central bank was already in talks with Chinese commercial banks.

“We’ve sent $1 billion to Saudi Arabia,” he said. Another $1 billion will be repaid to Riyadh next month, he said. Islamabad had returned $1 billion in July.

Although a $1.2 billion surplus in its current account balance and a record $11.77 billion in remittances in the past five months have helped support the Pakistani economy, having to return the Saudi money is still a setback.

Pakistani army chief General Qamar Javed Bajwa, who visited Riyadh in August to ease the tensions, met the Saudi ambassador in Islamabad on Tuesday.

December 16, 2020 Posted by | Economics | , , , , , | Leave a comment

World Bank approves $250m loan to Morocco

MEMO | December 16, 2020

The World Bank has agreed to grant Morocco $250 million to support local agricultural, as part of a joint operation with the French Development Agency.

This came in a statement issued by the World Bank on Wednesday, after its executive board approved the loan on Tuesday.

The loan aims to support the Generation Green programme, a government strategy for developing agriculture.

The statement announced: “The funding will also support the country’s economic response to the coronavirus pandemic.”

The loan will finance entrepreneurship and training programmes for villages’ youth, with a view to attracting private investments into the agricultural food products sector, and removing regulatory and financing obstacles to stimulate the creation of job opportunities.

According to official statistics, the agricultural sector contributes about 14 per cent of the gross domestic product (GDP). It presents an important source of employment for 75 per cent of the country’s villagers.

December 16, 2020 Posted by | Economics | , , , | Leave a comment

Russia may benefit from trade rift between China and Australia

RT | December 16, 2020

Russian coal suppliers could boost their exports to China, as the world’s largest coal buyer is reportedly curbing shipments of the commodity from Australia amid escalating tensions between the two countries.

The developer of the largest Russian coal deposit, Elga, announced on Tuesday that it created a joint venture with a Chinese shipping company to promote Russian coal on the massive Chinese market. The project between Elgaugol and GH-Shipping is set to satisfy China’s growing demand for high-quality coking coal.

The deal is set to help boost Russian coal supplies to China from one million tons this year to 30 million tons in 2023, and the developer could potentially further increase annual imports to 50 million tons. The joint venture is also expected to contribute to the ambitious goal of the Russian and Chinese governments to significantly increase bilateral trade turnover, as it would increase the volume of trade between the two countries by $5 billion per year.

“The supplies of coking coal from Elga will replace a significant amount of Australian and American coal of similar quality,” Elgaugol Director-General Aleksandr Isaev said.

Another Russian producer, Mechel, previously said that it was planning to increase exports of coal to China amid Beijing’s restrictions on Australian imports. In November, the shipments rose by 13 percent, and are set to jump by 25-30 percent in December, Mechel CEO Oleg Korzhov said as cited by Russian media.

Tensions between the two countries have been growing for around three years, after the Australian government began limiting Chinese investments in the country. In 2018, Canberra added fuel to the fire when it banned China’s Huawei and ZTE from its 5G rollout. The most recent escalation occurred when Australia pushed in April for an international inquiry into the origins of the coronavirus outbreak.

Earlier this week, Chinese state-linked media reported that the nation’s top economic planner gave domestic power plants the greenlight to import coal without clearance restrictions from several countries “except for Australia.” While Beijing has not officially confirmed the restrictions, Canberra has already urged the Chinese government to clarify the reports.

This week’s reports are not the first to allege that China is quietly banning coal imports from Australia. Last month, several million tons of Australian coal worth more than $500 million were reportedly stuck in Chinese ports.

December 16, 2020 Posted by | Economics | , , , | Leave a comment

Russia’s massive offshore Arctic oil & gas discovery could dwarf Gulf of Mexico & Middle East’s energy reserves

RT | December 15, 2020

Russian energy giant Rosneft has announced the discovery of a “unique” gas deposit in the Kara Sea containing an estimated 514 billion cubic meters of natural gas.

The company says the discovery could establish a new cluster for oil and gas production in the area.

The field, which has been named after Soviet Marshal Konstantin Rokossovsky, is Rosneft’s third discovery in the Arctic. It is part of the company’s drilling campaign to develop the region’s oil and gas potential.

The project was started by President Vladimir Putin in 2014. It has resulted in the discovery of one of the world’s largest oil and gas fields, the Pobeda field. Its total recoverable reserves stand at some 130 million tons of oil and 422 billion cubic meters of gas.

The second discovered field, with an estimated 800 billion cubic meters of gas deposits, was named after Marshal Georgy Zhukov.

Overall, more than 30 “prospective structures” were identified in the three areas of the Kara Sea, according to Rosneft.

It said the results of the drilling prove “the discovery of a new Kara offshore oil province,” adding that “In terms of resources, it could surpass such oil and gas-bearing provinces as the Gulf of Mexico, the Brazilian shelf, the Arctic shelf of Alaska and Canada, and the major provinces of the Middle East.”

December 15, 2020 Posted by | Economics | | Leave a comment

One Little Problem with the “All-Electric” Auto Fleet: What Do We Do with all the “Waste” Gasoline?

By Charles Hugh Smith | Of Two Minds | December 14, 2020

Regardless of what happens with vaccines and Covid-19, debt and energy–inextricably bound as debt funds consumption– will destabilize the global economy in a self-reinforcing feedback.

Back in the early days of the oil industry (1880s and 1890s), the product that the industry could sell at a profit was kerosene for lighting and heating. Since there was no automobile industry yet, gasoline was a waste product that was dumped into streams.

Why couldn’t the refiners produce only kerosene? Why did they end up with “worthless” gasoline?

The answer is a barrel of oil produces a variety of products. While there is some “wiggle room” to produce more diesel and less gasoline, etc., it isn’t possible to turn a barrel of oil into only one product.

John D. Rockefeller became very wealthy by cornering much of the oil market in the 19th century. But he didn’t become fabulously wealthy until the 20th century, when the rise of automobiles created a market for all the “waste” gasoline.

Rockefeller became super-wealthy when all the products of each barrel of oil could be sold at a premium rather than just a portion of the products.

This reality has been forgotten: the price that can be fetched for a barrel of oil depends on the demand for all the products, not just a few of the products.

Those demanding an all-electric auto-truck fleet as a “green” alternative will re-create the dilemma of what to do with the “waste” gasoline. The world will still want fuel for all those container ships bringing all the goodies of a consumerist society, all those cruise ships visiting ports of call, jet fuel for all those exotic vacations enabled by 550 mile-per-hour aircraft, and oil-based lubricants, plastics and petro-chemicals, and so oil will still be pumped and refined, and almost half of it will be gasoline.

We can either use it or throw it away but we can’t magically turn a barrel of oil into only one product.

This is a topic worthy of your understanding, so grab a vat of your favorite beverage and turn off all distractions.

Longtime readers know I’ve focused on energy-oil markets for 15 years. Despite ups and downs in price, the oil market has been remarkably stable.

This stability is about to transition to chronic instability: wild swings in price, shortages, and social chaos in both producing and consumer nations.

Let’s start with the most basic dynamics in the cost of producing oil, refining it and selling the products at a profit.

1. As a general rule, a barrel of oil (42 gallons, 196 liters) yields a range of heavier and lighter products.

The price the producers can charge for each product–gasoline, diesel fuel, heating oil, jet fuel, propane, etc.– depends on demand for each product.

If the price for one product falls drastically, the oil producer can’t increase the price of some other product to compensate for the loss of income unless demand for the other products will support higher prices.

Consider the huge decline in demand for jet fuel as a result of global air travel dropping in the pandemic. Oil producers can’t just raise the price of gasoline to compensate for the drop in the price of jet fuel.

If gasoline demand continues declining (due to fewer commutes, etc.) then producers can’t charge more for diesel to make up the drop in the price of gasoline.

In other words, there has to be strong demand for all the products in a barrel of oil for producers to get enough money to extract, refine and transport the products globally.

Unlike the old days when producers could afford to throw away some petroleum products because their costs of extraction and refining were so low, now producers need more than $45/barrel just to break even.

This is what I’m calling Oil Paradox #1: if demand for any of the primary products is weak, producers can’t afford to continue extracting and refining oil, even if there is strong demand for some products.

2. Transportation is the primary use of oil: 68% of all petroleum products are consumed by transport, 26% by industrial and 6% residential/commercial. (These are U.S. statistics, but the global demand is roughly the same.)

If demand for gasoline, diesel and jet fuel remains weak, the value of each barrel of oil will remain below break-even, even if the industrial need for some products (lubricants, etc.) is strong because these industrial products are essential to the world’s industrial economy.

3. Much of the consumption of the past 20 years was funded by debt, which is now $277 trillion globally and accelerating. Humanity has borrowed and spent trillions on consumption, and what remains is the interest due on the debt.

This interest constrains future borrowing. The “solution” to interest is inflation, which devalues the interest due. But it also devalues the purchasing power of the currencies being inflated, and so everyone’s money buys fewer goods and services.

This is the Debt-Inflation Paradox: the more interest you owe, the greater your need to inflate away the burden of interest. But inflation destroys the purchasing power of money, impoverishing everyone who needs the money to live.

There is no way out of this paradox: either the global economy defaults on its debts, destroying trillions in phantom wealth, or its currencies lose value, impoverishing everyone.

Since so much consumption is funded by debt, any reduction in borrowing, no matter how modest, will destroy demand for petroleum, triggering the Oil Paradox (producers can’t charge enough to justify pumping and refining oil).

4. The pandemic has accelerated consumption trends that reduce demand for fuels. Remote work is here to stay, regardless of what you may read. Corporations can no longer afford to staff centralized offices in costly cities. Making everyone commute to offices is no longer financially viable.

Corporate travel is also no longer financially viable. As profit margins fall, the luxury of jetting to physical meetings is no longer justifiable except for senior management– a few dozen people, not hundreds or thousands.

Tourism thrived in an economy of easy, low-cost credit and secure incomes. Lenders can no longer afford to lend to those with poor credit–notice how credit card limits have been drastically reduced–and incomes are no longer secure.

If the pandemic were the only issue, it would be possible to see a return to 2019-level consumption. But unsustainable debt loads will only get more unsustainable, so much of the consumption that was funded by debt will go away and not come back: the interest on all the existing debt remains to be paid, one way or another.

This decline in consumption has lowered the price of oil far below break-even for most producers. As the article below explains, there are two break-even prices for petroleum: one to get it out of the ground, refine it and deliver it to market, and the second for the social costs the oil pays for.

This is the famous Oil Curse: nations with oil reserves end up depending on selling oil for virtually all their revenues because it doesn’t make sense to invest in less reliable, less profitable sectors.

As a result, Saudi Arabia can pump the oil for $45/barrel, but it needs a price of $85/barrel to pay all the social welfare costs it has promised its people.

If you glance at the charts in this article, you’ll see the full break-even price of oil for OPEC nations is extremely high.

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

This generates Oil Paradox #2: low demand/low prices for oil may be financially viable in terms of extracting the oil, but the societies that depend on vast oil revenues will unravel if oil prices stay low, and that will disrupt production.

Roughly half of U.S. petroleum production is from tight shale and other unconventional oil sources. Many of these wells are no longer profitable and will be shut down once the producers’ credit lines dry up. (This is already happening, triggering mass bankruptcies in the fracking industry).

The oil producing nations are basically surviving on $40/barrel oil by borrowing against future revenues. This is a dangerous game because if oil prices remain low their credit lines will eventually be withdrawn.

The oil producers need supply to fall drastically enough to raise prices back to the $80/barrel or higher level. But nobody can afford to cut their own production enough to reduce global supply enough to matter.

This introduces Oil Paradox #3: should petroleum producers succeed to slashing supply so oil goes to $85/barrel, the higher cost will push the fragile consuming nations into recession or depression, which will slash demand even more, which will require even deeper production cuts to maintain prices.

If we put all these paradoxes together, we see that oil markets are now intrinsically unstable and cannot return to stability because the mix of high break-even prices, declining demand and the end of debt-funded consumption cannot be resolved: high prices crush demand, low prices crush producers, and debt is crushing both consumers and producers.

Much hope is being placed on so-called renewable energy, most of which is not renewable but replaceable, as I’ve learned from Nate Hagens. A forest is renewable, a solar panel or windmill must be replaced every 20 years at enormous expense.

Right now all alternative energy sources–wind, solar, etc.– generate no more than 4% of global energy consumption. (see chart below) Despite hundreds of billions of dollars invested, all the alternative energy sources are a tiny fraction of global consumption, and their supposed fantastic rates of growth is revealed on this chart as inconsequential: all this new energy doesn’t replace a single drop of oil, it simply fuels additional consumption.

It will take a monumental investment and many years to get this to 10%. The reality is the vast majority of the global economy still depends entirely on petroleum for transport and industrial essentials such as lubricants.

How (Not) to Run a Modern Society on Solar and Wind Power Alone

Petroleum is now an unstable system and for all the reasons outlined above it cannot be restored to stability: just as time is a one-way arrow, so is the loss of stability.

What can we expect? Unstable systems are prone to wild swings to extremes and unpredictable collapses. So we may see collapses in the price of oil as we saw in March, and then rapid ascents in price above $100/barrel, which then crash once demand declines.

This unpredictability complicates projections and generates uncertainty. This is the final paradox (#4): the unpredictability of oil markets is itself a destabilizing force. Decisions on future production and consumption cannot be long-term, and this constrains investment in future production.

Regardless of what happens with vaccines and Covid-19, debt and energy–inextricably bound as debt funds consumption– will destabilize the global economy in a self-reinforcing feedback.

My new book is available! A Hacker’s Teleology: Sharing the Wealth of Our Shrinking Planet 20% and 15% discounts (Kindle $7, print $17, audiobook now available $17.46)

Read excerpts of the book for free (PDF).

The Story Behind the Book and the Introduction.

Recent Podcasts:

Parallels of the Great Fire of Rome 64 AD to Today (with host Richard Bonugli) (31:40)

AxisOfEasy Salon #34: Reclaiming Capital and Agency

My COVID-19 Pandemic Posts

December 15, 2020 Posted by | Economics, Malthusian Ideology, Phony Scarcity, Timeless or most popular | Leave a comment

The geothermal energy revolution

By David Wojick | CFACT | December 14, 2020

There is a revolution coming in geothermal energy. How big it will be and how fast it can grow remains to be seen, but the revolutionary technology is here now.

We already know about the new technology by name — fracking. But that is fracking for oil and gas, the energy revolution we are already living on, that the greens hate. The geothermal revolution is fracking for heat.

Here is the technical bit. The Earth’s crust we live on is just a thin film wrapped around an 8,000 mile diameter molten ball. In some places under the deep ocean this crust is estimated to be just 3 miles or so thick. It is somewhat thicker under the continents but the point remains; it gets hot fast as you drill down into the crust. That heat is geothermal energy.

We have used geothermal energy to make electricity for a long time, but only in tiny amounts. California does the most in the US and its entire generating capacity is about the size of a single large coal fired power plant, about 3000 MW. The whole world is said to just have a minuscule 15,000 MW.

The obstacle to doing more has been that useful energy sources are hard to find. You need a confined reservoir of hot water in fractured crust rock. The reservoir size, location and temperature of the water are all determined by nature. Suitable sites have been very few.

Now all of this has suddenly changed. With hydraulic fracturing (or fracking) we can make these geothermal reservoirs where we want them, the size we want them, and where the heat is the temperature we want, especially very hot. This includes the so-called “supercritical” water at 400 degrees C, which is now used in the most advanced power-plants.

It is like the difference between living on wild edibles, if and when you find them, and farming. Fracking for heat is literally a whole new world. Of course there are still pesky things like cost, feasibility and regulation, but the principal is clear; the technology of revolutionary thermal energy has arrived.

The greens are in a bit of a bind here. Geothermal juice looks like the ideal renewable. Unlike wind and solar, geothermal electricity is constantly available and it is not a land hog. But the greens despise fracking and have labeled it evil. Some States and even whole Countries have banned fracking for oil and gas. Whether this applies to fracking for heat remains to be seen, since the fracturing processes are rather different.

How this dichotomy will play out is anybody’s guess. As they say here in the mountains: “What goes around, comes around.” That is, don’t start trouble lest it bite you someplace soft. The greens desperately need geothermal fracking, they just don’t know it yet.

The US Energy Department has a Geothermal Technologies Office and they are understandably optimistic. They project something like 60,000 MW of advanced geothermal juice capacity by 2050. Mind you this is still small, given that our present generating capacity is around a million MW.

The amount of geothermal generating capacity installed by 2050 could be much larger, for one simple reason. It is probably the only way to make wind and solar work. A number of analysts, including me, have pointed out that electricity storage on the scale needed to power America with intermittent renewables is impossible. But many States have mandated a high level of renewables, even 100% in extreme cases.

This makes geothermal the perfect renewable, because its power can be available whenever the intermittent generators cannot provide the power we need. The more power we want from renewables, the more geothermal capacity we will need. It is that simple. We could be talking about many hundreds of thousands of MW. If the technology works cost wise it might actually be better than unreliable, land grabbing renewables.

Happily there is a massive frenzy of geothermal research going on, much of it aimed at reducing the obvious obstacles. Searching the engineering and scientific literature for the last five years on the word combination “geothermal” and “research” yields over 100,000 technical articles. That is a lot of research.

So there it is. Geothermal energy is potentially the second fracking revolution. No question the heat is there, thanks to the big molten ball we call Earth. And now we suddenly have the technology to create the infrastructure needed to tap into it. How practical it is, and how acceptable, still remains to be seen. Interesting times lie ahead.

David Wojick, Ph.D. is an independent analyst working at the intersection of science, technology and policy.

December 14, 2020 Posted by | Economics, Environmentalism, Timeless or most popular | Leave a comment

UN’s call for ‘climate emergency’ is an invitation to misery in developing countries

By Vijay Jayaraj – Global Warming Policy Forum – 14/12/20

A declaration of climate emergency (as per UN’s emission reduction requirements) will dent the developmental goals and increase energy prices. Besides, it will also result in the tax payers funded transition to a less reliable energy system, a recipe for a potential economic collapse.

A precursor to the 2021 COP26 meeting in the UK

Speaking at the Climate Ambition Summit to mark the 5th anniversary of the Paris Agreement, UN chief Antonio Guterres implored, “Today, I call on all leaders worldwide to declare a State of Climate Emergency in their countries until carbon neutrality is reached.”

He further clarified that,

We need meaningful cuts now to reduce global emissions by 45 per cent by 2030 compared with 2010 levels. This must be fully reflected in the revised and strengthened Nationally Determined Contributions that the Paris signatories are obliged to submit well before COP26 next year in Glasgow.”

UK Prime Minister Boris Johnson committed 11.6 billion pounds of UK’s overseas aid to support green technology. Pakistan’s prime minister Imran Khan pledged not to build any new coal plants in the country.

Support for the UN leader’s call also came from the Chinese President Xi Jinping. He said China will cut down carbon dioxide emissions per unit of GDP by over 65% by 2030, in comparison to 2005. Given its status as the leading coal consumer and empowerer of fossil fuel technology in other developing countries, it remains to be seen how President Xi will reconcile his 65% commitment with Beijing’s fossil ambitions and energy intensive industries.

Speaking at the same event (virtually), the Indian Prime Minister Narendra Modi said that India will reduce emission intensity by 21% in comparison to the 2005 levels. Earlier this year, Modi had indicated that the country is aiming to reduce its carbon footprint by 30% to 35% and increase the use of natural gas, without setting a deadline for the same.

Even as per its ambitious scenario to reduce emissions, India will not be able to achieve a 45 percent reduction in CO2 emissions compared to 2010 levels without compromising on its aggressive energy policy that has enabled the country to achieve an energy surplus in recent years.

Studies on the relationship between GDP and energy growth indicate that “It is very difficult to reconcile reductions in carbon dioxide emissions with continued economic growth, especially in poor and medium rich countries,” as most of the world’s primary energy comes from fossil fuels.

A call for 45 percent reduction in carbon dioxide emission will be suicidal for the energy sectors in the developing world, most of which depend on coal, oil, and Natural gas. 84% of the world’s primary energy comes from Fossil fuels (2019) and just 11% coming from Renewables. Though the share of fossil fuels in global energy consumption may appear to be reducing by a small margin each year, the absolute value of consumption keeps increasing each year.

Despite the rapid addition of renewable technology globally, the year-on-year change in primary energy consumption value for both renewable and fossil sources were almost the same in 2019, i.e., an increase consumption of around 960 TWh for both the sources. The actual fossil fuel consumption has technically increased and will continue to increase in future, as developing economies are wary of falling back into the dark ages of energy poverty.

Riding on the renewable energy myth

Developing nation’s precaution with green transition has a reason. Gueterres claimed that “Renewable energy is getting less expensive with every passing day.” But the claim is disputed, at least as per the current state of renewable technology, their backup mechanisms, and the evidence from the existing green grids.

Data from renewable energy dominated states like California and from countries like Germany and UK, show that excessive investment and dependency on renewable energy has actually resulted in increased electricity prices.

Renewable energy like wind and solar, which in many instances is installed with subsidies from taxpayer’s money, ends up charging the taxpayer more for their electricity use, thus technically costing the taxpayer not once but twice.

A ‘green’ Covid recovery will imperil developing countries

Gueterres insisted that, “the recovery from COVID-19 presents an opportunity to set our economies and societies on a green path in line with the 2030 Agenda for Sustainable Development.”

He is not alone in suggesting a marriage of COVID-19 recovery stimulus and green energy transition. The World Economic Forum’s Great Reset program suggests the same, with global leaders like Justin Trudeau already endorsing it.

Developing countries are unlikely to join this call for green transition, despite Xi’s tall pledges. India, for example, is likely to become the most populous country in the world by 2030 and it will have to risk millions of poor people falling back into the extreme poverty category if it were to amend its commitments to Paris agreement as per Gueterres’ suggestions.

With COVID-19 lockdowns adversely impacting the country’s economy (a negative growth in GDP and a long road to arrive at pre-COVID-19 levels), it is unlikely that the country’s leadership will commit to any significant CO2 reduction targets before the COP26 meetings in the UK.

India’s Economic Survey 2018-2019 categorically stated, “While there has been a tremendous increase in renewable energy capacity, fossil fuels, especially coal, would continue to remain an important source of energy.” The survey added, “Further, considering the intermittency of renewable power supply, unless sufficient technological breakthrough in energy storage happens in the near future, it is unlikely that thermal power can be easily replaced as the main source of energy for a growing economy such as India.”

This is likely the reason why Prime Minister Modi refused set a deadline for India’s proposed 30-35% reduction in emissions. India had recently doubled its mining exploration activity by implementing about 400 new projects. The mining sector is considered important to the country’s ambition to become a USD 5 Trillion economy. According to India’s Central Electricity Authority, 50% of India’s electricity generation in 2030 will continue to come from coal.

Does climate alarm justify extreme calls for energy transition?

Despite the heightened focus on emission reduction commitments, the elephant in the room has been the science used for justifying these emission reductions in first place.

During his speech, Gueterres asked “Can anybody still deny that we are facing a dramatic emergency?” Well he may be right! This is indeed a “dramatic” emergency, not a scientific one!

If we were to assess the key indicators that determine quality of life, it is evident that many of those metrics have improved drastically since the industrial revolution, despite the contrasting storyline portrayed in the mainstream media.

Life expectancy (age to which a new born baby is expected to survive), access to clean drinking water, access to affordable and reliable electricity, access to nutritious food at affordable prices, agricultural crop productivity per acre and farmer incomes are some of the key metrics that show us that the world has improved a lot, especially in the past 3 decades. We are not in a climate emergency!

The only reasoning provided for a future climate catastrophe is the temperature projections from computer climate models, collectively known as CMIP (Coupled Model Intercomparison Project). The UN uses the most recent versions of CMIP (5 & 6) to frame climate policy decisions and the mainstream media and academic institutions regard these models as the gold standard in climate forecasting.

The models are designed to forecast future temperatures, based on greenhouse gas emission scenarios. This is how the UN predicts future temperatures and the reason why Gueterres has called for an emission reduction. But the models are hypersensitive to emissions and thus have been faulty since inception.

Recent research has shown “that climate models overstate atmospheric warming”. The warming projected by these models have been found to be 4 to 5 times faster than the actual temperature observations on ground. Even if the developing nations refuse to commit to UN’s carbon neutrality initiative, there won’t be a significant impact on the climate.

So, the call by Gueterres is not only pseudo-scientific in its climate assumptions but also dependent on unreliable and unaffordable green energy. The call for emission reduction will be economically damaging and to a severe extent in the developing countries.

Moreover, it completely excludes the possibility of economies becoming stronger in the future, potentially making them more resilient, thus developed enough to adapt to climatic challenges. The prescribed reduction mechanisms and the war on fossil fuels could actually stifle their ability to mitigate and adapt to future temperature changes.

It will be interesting to see how Xi, Modi and others in developing world put their commitments into practice, and how it will impact the current energy forecasts which project an increasing reliance on fossil fuel in their respective economies.

December 14, 2020 Posted by | Economics, Science and Pseudo-Science | , | Leave a comment

Jack Dorsey, the CIA and Twitter Censorship in the Age of Covid-19

By Vanessa Beeley | Unlimited Hangout | December 10, 2020

Twitter CEO, Jack Dorsey, has embedded himself in some of the most powerful global influencer complexes. His techno-mining of African potential and the increasing use of Twitter as a surveillance tool for the corporatocracy have generated the opportunity for Dorsey to play an increasingly pivotal role in the roll-out of the World Economic Forum’s Great Reset.

In Part 1 of this series on the emergence of the “celebrity humanitarianism” complex of the 21st century and its role in the ongoing Covid-19 crisis, I covered the evolution of Hollywood actor Sean Penn from anti-Iraq-war activist to establishment narrative endorser and advocate for the predator class factions dominated by the Clinton family cabal and globalism.

Penn was one of the three men together on a beach holiday that was featured in a Daily Mail article in November 2020. Another of the three global influencers strolling on the beach with Penn was “technology entrepreneur” and the CEO and co-founder of Twitter, Jack Dorsey. Dorsey’s meteoric rise to fame as a leading innovator in the world of data technology began to falter in 2016/17 when 247 Wall Street listed Dorsey among the twenty worst CEOs in America. In this article, I will investigate Dorsey’s involvement in the narrative management of Covid-19 and his potential contribution to the roll out of the World Economic Forum’s Great Reset that has been accelerated by the Coronavirus “pandemic” exercise.

Like Penn, Dorsey is a supporter of the Democratic Party. Dorsey broke ranks with the billionaire bloc to donate $ 5600 to Tulsi Gabbard’s campaign after the June 2019 Democratic debates. Dorsey cites Gabbard’s anti-war stance as the reason for his support. Dorsey also contributed to the campaigns of Andrew Yang and Jay Inslee. Dorsey commends Yang for his “focus on artificial intelligence and automation” (emphasis added). Dorsey has also endorsed the philanthrocapitalist “climate change” portfolio – in a tweet Dorsey says that Gabbard and Yang’s “voices are important to surface in debates”, adding:

“Along with systemically addressing climate change and economic injustice, these are the key issues of global consequence I want to see considered and discussed more.”

Dorsey as well as the CEO of Facebook, Mark Zuckerberg, were subpoenaed to a US Senate hearing in November 2020, where their platforms were accused of anti-conservative bias after their effective suppression of the Hunter Biden China scandal. Of the two social media platforms, Twitter was deemed to be the most aggressive in its censorship of the New York Post article.

US conservatives were outraged that a story critical of Joe Biden, with potential to turn the election in favour of Donald Trump, was being buried by platforms as influential as Twitter and Facebook. Dorsey’s rationale for this unprecedented censorship had been that Twitter policies prohibit “directly distributing content obtained through hacking that contains private information”. Dorsey later back-pedalled but by then, the story had effectively been “disappeared” and damage to the Biden campaign had been successfully limited.

Dorsey’s apparent absorption into the transnational billionaire complex controlling the global response to the Covid-19 “pandemic” and orchestrating the Fourth Industrial Revolution, will be explored throughout this article.

From Square to Covid-19 – Dorsey transfers $ 1 billion to “disarm the pandemic”

In addition to Twitter, Dorsey is also the CEO of Square, a digital payments platform. In April 2020, Dorsey transferred an alleged 28% of his wealth from Square to his Start Small LLC (SS) to fund Covid-19 relief globally. The $1 billion donation represents the most significant “philanthropic” donation made by the tech-billionaire during his entire career.

One month after the launch of SS, Dorsey announced on Twitter the disbursement of $87.8 million to a number of initiatives apparently responding to fall-out from Covid-19 response measures. The disbursements included $600,000 to help develop “high impact digital learning tools to support special needs students and English language learners who are most affected by the crisis and will experience the most learning loss during school closures”.

The reality is that none of these measures would be necessary if scientists, doctors, epidemiologists, medical staff and experts opposing the disproportionate response to a virus [seemingly] less deadly than seasonal flu had been taken into consideration by the institutions and governments rolling out the draconian “lockdown” of global populations in preparation for the Great Reset. Dorsey’s and Twitter’s role in ensuring the censorship and de-platforming of dissenting voices is also examined in this article.

Let us not forget that “a report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus ‘pandemic’, America’s ultra-wealthy elite have seen their net worth surge by $ 82 billion in just 23 days” as picked up by journalist, Cory Morningstar, who is also cited below.

In May 2020, Dorsey donated $10 million to Sean Penn’s CORE response which supported CORE’s national expansion of Covid-19 drive-through test sites “into Atlanta, Detroit, New Orleans and the Navajo Nation”. The origins of the CORE initiative are examined in detail in Part 1 of this series. Dorsey is also credited with persuading Penn to join Twitter in May 2020.

As Dorsey stated in his April 2020 tweet:

“After we disarm this pandemic, the focus will shift to girl’s health and education, and [Universal Basic Income] or UBI.”

Dorsey’s involvement in the promotion of UBI demonstrates his endorsement of measures which are designed to shore up economic privilege for members of the global billionaire cartels while asset-stripping and disenfranchising the working classes and what remains of an already decimated middle class in the West.

Cory Morningstar, one of the foremost voices speaking out about the unprecedented power grab being facilitated by the Covid-19 narratives, gave me this statement with regards to the covert threat of UBI:

Covid-19 is the catalyst for the Great Reset, in which universal basic income plays a securing role. Universal Basic Income (UBI) is the strategic solution to protect the ruling classes from Molotov cocktails and global civil unrest by those being methodically dispossessed of their occupations, dignity and self-preservation – the working class, much middle class, peasantry, artisans, and those that comprise the informal economy that presides in the Global South. Disclosures on coming “disbanding of existing safety-net programs” are not included in the foundation-funded marketing campaigns.

When UBI begins to be rolled out globally, one can expect public healthcare to slowly disappear, replaced by privatized services (largely Telehealth). Further, UBI payments will be linked to benefits via blockchain – ensuring full spectrum compliance and servitude of whole societies. Billionaires are supporting/financing UBI marketing campaigns for good reason: it is preferable to pay a pittance to the citizenry than to risk losing the social license that allows for the continued decimation of the Earth, coupled with the continued exploitation of those most oppressed and vulnerable.

The real motive behind Jack Dorsey’s interest in Africa

Dorsey’s focus on UBI and girl’s health and education is mirrored, coincidentally, by the interests of the Clinton Foundation in Africa. Dorsey had been planning to relocate to Africa for six months in 2020, plans that were apparently derailed by the Coronavirus crisis although a more likely obstacle was investor concern that his pivot to Square and the opportunities presented for digital payment remodeling in Africa’s cash-based society would lead to his neglect of Twitter.

In 2015, Bill and Chelsea Clinton led an entourage of powerful elite sponsors of the Clinton Foundation to Africa for Bill Clinton’s 12th visit to the resource-plundered continent. Dorsey joined the Clintons, Microsoft (via Bill Gates), Facebook and Google in a bid to ensnare the developing market sector into their accelerator programmes and debt enslavement campaigns. Visa, Mastercard and Salesforce are also establishing venture investments in African start-ups.

According to “Witney Schneidman, a Brookings fellow with the Africa Growth Initiative and former deputy secretary of state Clinton administration”, Dorsey was in the right place at the right time. In November 2019, Dorsey tweeted that Africa “will define the future (especially the bitcoin one)” The African continent comprises 54 countries with a combined population of 1.3 billion people with the highest population growth rate in the world. The world’s largest population of people without banks, trading in cash. Ripe for exploitation by the world’s robber barons and financial-tech-carpet-baggers.

In November 2020, Dorsey was the closing keynote speaker for the Africa Fintech Summit sponsored by Dedalus Global and Ibex Frontier. Dorsey is described as a “futurist”, a “visionary”, and one of the “biggest influencers in tech ecosystems worldwide”. “With an unbanked population of 66% and a credit card penetration rate that averages 1.5%, the applications for crypto in sub-Saharan Africa can only help solidify Dorsey’s interest in the continent” (Africa News )

Dorsey is investing in the reinvention of colonialism as smart growth, the new-age digital colonialism. The Facebook’s internet footprint in Africa and its Orwellian ambitions for that continent are covered in detail in this article by investigative journalist, Cory Morningstar. Morningstar has showed in her recent and past work how the billionaire class seeks to facilitate the absorption of the Global South into a paternalistic, inherently racist, Global North power structure that will suck the lifeblood out of these nations via “philanthropic” channels that have been constructed to mine data, resources, livelihoods and cultural infrastructure until it is an overpopulated, micro-managed colony with no access to development unless it is plugged into the predator class mothership.

“As Africa meets the 4IR Fourth Industrial Revolution], its youth will be one of its most important assets” – August 2020, World Economic Forum: How can Africa succeed in the Fourth Industrial Revolution?

Dorsey, the Clintons and the technological “disruption” of Haiti

Dorsey’s history of rubbing shoulders with the Clinton clan goes way back. Just as Sean Penn was heavily involved with the Clinton’s rapacious policies in Haiti, Dorsey was a keynote speaker at the Haiti Tech Summit in 2018, an event that is also described as the “Davos of the Caribbean”. The summit was organised by the Global Startup Ecosystem which, according to their website, “hosts the world’s first and largest digital accelerator- supporting 1000 companies from 90 countries every year”. Target regions are Africa, America, Asia, Europe, Caribbean, Latin America and the Middle East.

Taken from their website, in 2017, GSE launched a 13 year initiative to accelerate emerging market ecosystems every year until 2030 in alignment with the Sustainable Development Goals.

The “iconic” Haiti Tech Summit was the pilot launch. The company was projecting 54 tech summits in 2020, to be held virtually and “across all major hubs globally”. Alongside Dorsey at the 2018 Haiti Tech summit were representatives from other Silicon Valley giants — Google, Facebook and YouTube. The end of summit message from the summit’s founder and GSE’s co-founder, Christine Souffrant Ntim, informed the audience that Haiti “was ready for disruption”. This is an unfortunate choice of words considering the decades of “disruption” that have been inflicted upon the semi-colonised island by a series of US administrations, dominated by the Clintons’ exploitation policies targeting Haiti.

Screenshot from Haitian Times video report on the Tech Summit 2018.

This is nothing less than implementation of UN Agenda 2030, an agenda that aims to privatise and seize control of land, resources, energy, education and to digitalise the world we live in, to bring us all into city-based data colonies that can be easily controlled and manipulated for the benefit of the vulture class – the billionaire elites who perceive this world to be their exclusive bread basket and the “little people” as the “useless” expendables.

GSE’s website lists Dorsey as a member of their speaker network that includes Ben Horowitz and Sophia, the world’s celebrity robot. Horowitz is co-founder of Andreessen Horowitz, a Silicon Valley venture capital firm that invests in technology start-ups, and their better-known investments include GitHub, Facebook, Pinterest and Twitter. GSE partners include LinkedIn, Google Cloud, IBM Cloud and Forbes. GSE’s mission is to “prepare individuals and organisations for the digital age” according to Einstein Ntim, managing partner at GSE – a goal completely in line with the Fourth Industrial Revolution and the Covid-19-facilitated Great Reset.

Dorsey and the Transition Integrity Project – Berggruen Institute

Dorsey’s involvement with the Berggruen Institute (BI) is an indication of his collaboration with some of the most powerful neoconservative influencers in US politics. BI is another transformational future-shaping conglomerate “promoting long term answers to the biggest challenges of the 21st Century”. Nicolas Berggruen is the co-founder and chairman of BI. Berggruen has been pivotal in the restructuring and reinventing of “democracy” for the new digital age. Berggruen used the institute as a launch pad for a number of government reform projects. These include the 21st Century Council which brought together former heads of state – with Tony Blair, Gerhard Schroder, Helle Thorning Schmidt and Nicolas Sarkozybeing just a few of names on the list. Dorsey was a member of the 21st Century Council and is one of Berggruen’s “people”.

Berggruen established the “Think Long Committee for California” in 2010. The committee included such neoconservative and “progressive” luminaries as Condoleeza Rice and Eric Schmidt (Google CEO) and its purpose was to effectively create a new set of rules for governance, using Agenda 21 Sustainable Development grants to impose regional governance.

Soros/Berggruen/von der Leyen

In 2012, Berggruen’s Council for the Future of Europe met in Berlin to discuss Europe Beyond the Crisis. Speeches were given by former UK Labour Party leader and criminal globalist, Tony Blair, billionaire influencer and transnational interventionist, George Soros and George Papandreou, former PM of Greece and last in a long line of corrupt imperialist sycophants. Dorsey has effectively embedded himself into one of the most influential and predatory of the neocon cartels. Dorsey is a minor in the billionaire circle but a major in identifying the foremost power hubs.

Berggruen is also behind the Transition Integrity Project (TIP), recently covered by investigative journalist, Whitney Webb, for Unlimited Hangout who described the TIP as:

“A group of Democratic Party insiders and former Obama and Clinton era officials as well as a cadre of “Never Trump” neoconservative Republicans have spent the past few months conducting simulations and “war games” regarding different 2020 election “doomsday” scenarios.”

Another sinister Berggruen programme is the “Transformations of the Human” which has all the hallmarks of a transhumanism agenda. The concept involves the placing of philosophers and artists in key research sites “to foster dialogue with technologists”. The “aim of the program is to render AI and Biotech visible as unusually potent experimental sites for reformulating our vocabulary for thinking about ourselves” which could be interpreted as reprogramming humanity. The findings will be fed back into the “production of both AI and biotech and to thereby contribute to both human and non-human flourishing” or perhaps to merge the two?

As investigative journalist, James Corbett, warns “are we ready to give up our humanity” to succumb to the “ethical use of technology to extend human capabilities?”. The redesigning or genetic modification of the human condition is not science fiction, it is the bedrock of the ideology of those who rule this world behind the facade of government.

As Julian Huxley, an influential English evolutionary biologist, eugenicist, and internationalist wrote, in the last century:

 “… unless [civilised societies] invent and enforce adequate measures for regulating human reproduction, for controlling the quantity of population, and at least preventing the deterioration of quality of racial stock, they are doomed to decay …”

Huxley invented the term “transhumanism” just before he became President of the British Eugenics Society, 1959-62. Huxley was also the first Director General of UNESCO.

Author, Dean Koontz, described the age of Transhumanism and the Fourth Industrial Revolution very succinctly:

“We live in hubristic age, when politicians imagine themselves to be messiahs and when many in the sciences frankly discuss their dreams of creating a “post-human” civilization of genetically engineered supermen, ignorant of the fact that like minds have often come before them and have left no legacy but death, destruction, and despair.”

Dorsey’s close ties to those whose purpose is to reinstate a Silicon Valley-backed Democrat as US President and to oust President Trump who, to some degree, slowed down the global military interventionism of the neocon camp in Washington as well as Twitter’s record of protectionism of the Biden election campaign are perhaps what, currently, make Dorsey an accepted member of the overclass.

It should be no surprise, therefore, that Nicholas Pacilio, senior communications manager at Twitter, who deleted Trump tweets claiming (correctly) children are almost immune from Covid-19, was formerly the press secretary for Kamala Harris, Biden’s pick for vice president. Twitter’s proclaimed neutrality is rendered nonsensical by all the above and by their collaboration across the board with global influencers whose futurist agenda is reliant upon the acceptance of official Covid-19 narratives.

Dorsey’s anti-conservative Twitter censorship policy is also supported by online petition giant, Avaaz, who were instrumental in the fomenting of conflict in Syria from the outset in 2011 and well versed in the art of selling hate for Empire.

Bill Gates and Jack Dorsey – investing in civil unrest?

Dorsey and Covid-19 impresario, Bill Gates, are alleged indirect funders of the BAIL Project (BP). The project was established to bail out protestors who participated in the George Floyd demonstrations and riots. BAIL is reported to have connections to Antifa, an organisation associated with stoking civil unrest and being “primary instigators of violence at public rallies” according to declassified Department of Homeland Security and FBI studies from 2016, the first year of Trump’s presidency. While many of the reports linking Dorsey to BAIL and BAIL to Antifa can be described as “conservative”, Dorsey’s Start Small initiative has donated to Black Lives Matter, suspected to be another of the billionaire co-opted organisations designed to harness and control black power globally.

The Audacious Project (housed at TED) was seed-funded $ 250 million by Gates, Skoll and Dalio Foundations. The BAIL Project was one of the five recipients of $ 50 million funding from the Audacious Project and is partnered by TED directly according to their own website.  The Audacious Project, “a new model to inspire change”, is yet another node in the philanthrocapitalist complex wreaking havoc globally under the pretext of building a better future for all. In reality, such groups are building a system that will make the world’s wealthiest class even wealthier and will give ever increasing control over the global resource inventory.

When the connection is made to the Transition Integrity Project and Gates and Dorsey’s suspected involvement in BAIL and potentially Antifa, it makes sense that these narrative builders of the Covid-19 paradigm would be behind the scenes of the planned civil unrest in the US.

Further evidence of Twitter’s role as a surveillance tool for US intelligence agencies and influencers on Covid-19 response came when The Intercept exposed the AI start-up Dataminr and that company’s involvement in the monitoring of the Floyd protests and provision of that data to police and security forces nationwide. While both Twitter and Dataminr deny any engagement in domestic surveillance, these accusations followed on from the 2016 controversies that aligned Twitter with the CIA as investors in, or partners of Dataminr. The Twitter-Dataminr collaboration permitted Dataminr to scan every public tweet as soon as it was published, giving them advance warning of any incoming protests or dissident action.

Despite the denial of surveillance activity by both Twitter and Dataminr, “monitoring activities and forwarding information to the police is clearly surveillance” explained Andrew Ferguson, author of “The Rise of Big Data Policing: Surveillance, Race, and the Future of Law Enforcement.”

In 2016, Twitter allegedly asked that Dataminr stop providing intelligence agencies with Twitter tools and content but as TechCrunch reported:

“… Dataminr  isn’t ending its relationship with the government altogether: Dataminir still counts In-Q-Tel, the non-profit investment arm of the CIA, as an investor. Dataminr has taken investment from Twitter, too, highlighting some of the conflicts that remain as tech companies fight for more transparency and autonomy from government control.”

Dataminr’s Yale leadership is believed to still have a $ 255,000 contract with the Department of Homeland Security. The protestations of Twitter and apparent withdrawal from US intelligence blood-hounding by Dataminr appear to be nothing more than smoke and mirrors designed to put the public off the scent.

However, perhaps even more relevant to the Twitter censorship of Covid-19 dissident media, scientists and medical experts, and famously, David Icke, all of whom were challenging establishment “science”, is perhaps also related to its partnership with Dataminr. In late 2016, Twitter told TechCrunch that Dataminr “uses public Tweets to sell breaking news alerts to […] government agencies such as the World Health Organisation” although the “not for surveillance” caveat was thrown in.

The billionaire complex apprentices, managing narratives for their mentors

Penn and Dorsey are not in the upper echelons of the ruling elite circles. They are the keen instruments of power, eager to please and to do the bidding of those in positions of power they perhaps aspire to one day. The wealthiest people in the world are providing funding for the Covid-19 response, with good reason. It is the portal to the world vision they have been working towards for decades, perhaps even centuries.

At the World Economic Forum meeting in Davos, January 2020, historian and philosopher, Yuval Harari, gave talks on the future of humanity. Harari talks about the “useless class”, he describes the data colonies that will be formed under some projected “dictator.” In the world, Harari envision, if a dissident’s mind can be read by a centralised AI data hub, he can be arrested for non-compliance with the dictatorship.

Of course, the global dictatorship is already here with the Covid-19 measures, the obligatory masking, martial law, the Army deployed to roll out testing and vaccines, mandatory vaccines (you will not be able to function in society without one), the incarceration of the elderly, the destitution and isolation of children in schools and distance learning, digitalised education systems. The future according to this totalitarian, neo-feudalist system is bleak for humanity unless we collectively wake up.

Penn and Dorsey are just two of a collection of useful pathways to the Great Reset. They are the fear-stokers and narrative managers, ensuring that people fear death, fear their own powerlessness against a “virus” that stalks them even in their own home.

As journalist, Peter Koenig, described earlier this year:

“The virus is just a clever idea to use an invisible enemy for instilling fear, worldwide, by this minuscule, insanely rich and psychotically power-hungry elite to put the entire world population to its knees. FEAR that obliterates the human immune system and may bring about a range of illnesses far worse than covid-19, including cancer, coronary diseases, diabetes – and much more.”

It is time to recognise that death is an inevitable part of our existence as human beings, that visions of immortality offered by those who will distort and twist humanity out of shape to create a dystopian future for all but the very privileged few, are nothing but the erosion of all that is human. Being human is what will enable us to fight back. When we remember what we cherish as human beings, a smile, a hug, the comfort of touch and the warmth of human interaction perhaps we will start fighting before we lose what makes us who we are to the vision of those who see us as ultimately expendable.

December 14, 2020 Posted by | Deception, Economics, Progressive Hypocrite | , , | Leave a comment