Peak Foolishness

In continuing the discussion in the "blog" post of yesterday, I must mention that regional wars are just "small change" in the world theater. The big money, the grand prize, is awarded to the winner(s) of a global conflagration which involves nations with enormous wealth and resources such as the People's Republic of China and the Russian Federation. War reparations, reconstruction financing, and war "booty" from the loser(s) are what causes the mouths of the "one percent" to salivate. The "West" can no longer sustain itself. Its own debt has been rehypothecated too many times over. The debt peons of "Western" society, the "99 percent," have exhausted their paltry net worth. Most of them are in prison anyway, for other seemingly unrelated crimes.

We have to understand the position of the "one percent." Their entire wealth stream is generated from debt and fraud. The only way that the weath of the "one percent" can increase is if debt continually increases. Thus, debt service increases. The "one percent" are also using debt to their advantage. They incur more and more debt to increase the size of their holdings much more rapidly than through cash transactions alone. Fortunately, their debt service is offset by incurring more debt for loan payments while at the same time realizing extremely high capital gains increases as a result of asset price inflation caused by the debt itself. It is a vicious cycle that must constantly increase in velocity. Any slowdown would cause a debt collapse and the "one percent" would be in dire straits.

The on-going reduction in oil and petrol prices has been accepted as a blessing by the rank-and-file peons as opposed to the moneychangers and powers-that-be who believe that those lower energy prices will fuel a deflationary spiral. The lower oil prices are being spearheaded by Saudi Arabia, which has no intention of curbing production amidst the growing oil glut. Why?

A little over a decade ago, Peak Oil doomsayers were predicting that Saudi Arabia (SA), where the largest and oldest oil fields are located, was soon to reach the top of the Hubbert curve. After that, oil supplies was suppose to dwindle and Peak Oil would be upon us. However, the SA oil producers began to inject sea water into the wells to "goose" output. The ruse served to discredit the Peak Oil doomsayers. Now, the "chickens have come home to roost." After a decade-plus of salt water injection, the SA oil producers are unable to curb production without a severe degradation of the quality of the crude oil. Thus, it has to maintain production until the reserves are depleted. From all projections, that should occur within five years.

Once SA goes off-line, oil prices will rapidly spike upward. There will be no alternative sources of oil derivatives at that point in time because the low price for crude oil that is projected to continue along with overproduction will effectively crush all alternative oil production methods. We can now truly understand the "Western" drive toward a global conflagration. The entire financial "system" of the "West" will collapse once Peak Oil hits. All superficial forms of wealth are worthless as energy becomes scarce.

In the context of all that has been discussed, the reason that the Russian Federation and the People's Republic of China are being targeted is extremely clear. Humans appear to have a great inclination toward self-destruction. Aside from global thermonuclear war, we have the crises of overpopulation, global climate change, pollution, mass species extinction, to name a few. Mind you, those crises are set to converge at approximately the same time and cause a major chain reaction. Sadly, we have passed the point of no return. Self-destruction is imminent.

Another day in pseudo-paradise. After a long commute to town, I discovered that the water supply in the gym had to be shut off because the newly-installed sump pump failed just minutes prior. So, I procured an expensive cup of coffee at the snobbish coffee shop. Once I accessed the free wireless Net "hotspot," I continued to compose the "blog." Sadly, I rediscovered why the stock Web browser was initially abandoned. I cannot format text or create hyperlinks using the editing toolbar. The only solution, short of reinstating the Chrome browser, is to forgo or avoid all formatting. Is there no end to stupidity?

I ended up returning to Hawai'i early. I completed my cardio workout at the Hawai'i Kai gym and also took a shower there. I was planning to make the trek to Kahala for my evening outing, but I missed the desired bus by a couple of minutes. The next bus would have set me back 35 minutes, so I nixed the plan. Oh well.