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German Vice Chancellor Warns 'No Alternative To Russian Gas'
Submitted by Pater Tenebrarum of Acting-Man blog,
'No Alternative to Russian Gas'
Even Germany's vice chancellor Sigmar Gabriel realizes that there is no alternative to Russian gas for Germany, at least not in the near future. It should be noted to this that Germany's energy policy has driven energy prices to the very edge of what the population and industry can still handle.
On the one hand, there is the vast subsidization of 'green energy', which is not only thoroughly uneconomic and blighting the landscape, but the costs of which have been off-loaded on consumers, who pay a special 'ecological fee' on top of their already far too high bills.
On the other hand, after the Fukujima accident, Germany's government quickly gave in to pressure from the Greens and decided to completely phase out nuclear energy (as if Germany were in danger of being hit by a tsunami). This is of course a completely futile gesture, as the country is surrounded by other countries brimming with nuclear reactors over which it has no control whatsoever (admittedly, even one nuclear accident would be one too many). However, this hasty step has once again made electricity more expensive.
Fracking also remains forever stuck in the 'debating stage' in Europe, with resistance organized by various NGOs growing steadily.
As Gabriel remarked:
“In the debate over Europe's dependence on Russian natural gas it is often falsely pretended that there are many other possibilities. This is incorrect.”
Moreover he warned of scaremongering and misplaced fears that Russia would stop its deliveries, arguing that “even in the dark times of the Cold War, Russia has always fulfilled its contractual obligations.”
This insightful observation was followed by a succession of hollow phrases about how EU foreign policy must 'not be guided exclusively by economic interests'. Right. Still no alternative to Russian gas though. Tough titty, as they say. Moreover, as Gabriel rightly points out, it isn't a problem anyway.
German vice-chancellor Gabriel's letting his gaze roam in the distance searching for alternative gas sources, and not finding any.
(Photo via AFP)
Oil and Gas Reserves Infographic
We have come across a neat infographic published by RIA Novosti on the countries harboring large oil and gas reserves – all data are per capita and in USD terms.
Global per capita oil and gas reserves, via RIA Novosti.
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Beano.
Translation: "They've got us by the balls"
Crimea-nitly!
Coming soon to DVD: Sigmar Gabriel and Angela Merkel in "Laying The Pipe"
I love how Syria's little blue blob fucks up Qatar's very big blob.
Nope, no alternatives at all. No solar, geothermal, wind or ANY other alternatives possible. At all.
BULLSHIT.
In the old days of floor trading in the pit, when someone farted, everyone around them would pull their trader's jacket over their head. Since these guys had horrible eating habits, this occurred often. No one wanted to lose their position, so it became a game of sorts to try and clear out the competition.
Aah.. that's not evil enough.
Think about spending the day purposefully eating pickled eggs and drinking local beer and then spending the next day on a patrol airplane with a dozen or so of your best friends.
..that’s when the parachute starts looking like a good alternative.
German Vice Chancellor Warns 'No Alternative To Russian Gas'
Figuring that little factoid out so late in the game must suck immensely. Thanks to Victoria Nuland, Bonesman Kerry and Obama... that German gas has just become Chinese gas.
Pickled eggs definately takes the fart game to the next level. We did that on subs too.
Gee.. one would think that a crash dive to equalize the hull pressure would be in order.
At least we could blow a hatch at altitude.
It will be fine for Germany, they will just have to start paying in physical gold and not fiat.
Good thing Germany has all that gold stored with the FED that they can rely on to pay for their energy supplies.
Adjust for Average Gravity and Sulfur Content and A few of those circles will shrink.
Oh Yea we still have Oil, A lot of really Fucking Thick and Dirty Stuff!
Hardly, the Germans have a Pay-Or-Take Contract to 2020 worth $50 billion and RWE, BASF etc are in JVs with Gazprom
Yep, and lets not bring up the the $50-$100 billion or so in CAPEX required to get that gas to China....
And for shits and giggles, what exactly would be the route that people are proposing? Through Afghanistan?
http://www.irkutskoil.com/images/upload/img1287361978.jpg
Do you even read the link that you posted, let alone grasp what imformation it contains?
Remind us of what fraction of reserves and production are associated with points east of Samotlor according to your very own source....
Do you even read your own comments?
Re: Through Afghanistan
And just what would be the shortest route from where the major gas fields are?
Can you even point them out on the map?
Beg to differ... as does the German VC. And LNG sub stitution will cost quite a bit more.
http://www.eurotrib.com/story/2006/3/22/104724/979
No wonder 'electronic trading' was embraced such as it was .... It improved in work place safety.
no German tsunami?
Hey, you never know.. I mean, like a 1km wide asteroid could slam into the Baltic and then it’s sayonara to all them nuke plants.
On the other hand, you might be able to dry out and polish the PV’s and reflectors of a solar farm.
But what about this?..
http://www.thelocal.de/20130908/51811
..gotta’ love them green germans
"a 1km wide asteroid"
Hang on a mo. I know I've got one here somewhere....
Yep, here it is !:O)
TWAT!
A 1 km wide asteroid would be comparable to what basically wiped out the dinosaurs...
I would not be surprised that if something like that hit Earth you would have a death toll of 1-2 billion within a year....
Man, I would really hate to lose the dinosaurs for a second time.
Did you even read the article? Do you know anything about German renewable energy efforts?
If you see through the fluff, the article reveals what is to know about bankers, politicians and carbon credits.
That wasn't the point of the comment I replied too.
This is SOP.
You don't understand the numbers.
Investigate watts to joules conversion, and how many flow from gas and oil vs how may flow from solar panels.
That will give you a start towards understanding.
The Sequel: "Cookie Tossing"
Of course, Putin knows this.
The talk about him 'invading' and threatening eastern Europe is laughable.
Recipe to create inflation to avoid deflation:
1. Add unrest into critically important gas transfer country
2. Get Russia to save its citizens through annexation
3. Add sanctions, stir vigorously
4. Push Russia into energy-desperate willing arms of China
5. Scare Western Europe who now worries about Dickensonian winters ahead
6. Offer to sell natgas and coal exports to Western Europe, thus saving two industries from chronic oversupply, raise prices at will
7. Central banks get inflation where there is none today
NEOSERF Recipe to create inflation to avoid deflation:
---
Substitute gas with whatever. It worked really wiell after 1929.
China is hardly desperate in military terms.
Europe doesn't have the compatibility in gas infrasctrure and the US doesn't have the amount needed to supply Europe.
Anyway, at least you are admitting deflation is the problem. And the only way to solve that problem is to let the monetary system run its course to clear bad debts.
Per capita! Dumbest fucking chart ever!
LNG from frac gas is the most expensive stupid idea ever. frac gas represent the expensive uneconomic environmentally dangerous leftovers. If EU is willing to pay 5 or 10 times the current gas cost LNG will be provided. Production rates from frac gas have a 30% per year decline rate and most are uneconomical at current $5/mcf prices. With the decline rates on conventional gas and frac gas, the US can't even keep its production from declining. Look at gas prices this winter when there was a shortage. How in hell can we pretend to supply the EU when we cant even keep our own production rates from declining. US may be importing LNG from Russia in a decade. Believe or not.
Tempo... to back you up I will post this again.
The US is the 7th largest importer of nat gas in the world.
Behind Germany, Japan, Italy, UK, S Korea and France.
http://en.wikipedia.org/wiki/List_of_countries_by_natural_gas_imports
Wow! Russia must own that list, right?
Russia is number 8.
7 United States 45,000,000,0002012 est.
8Russia
38,200,000,000 2010 est.And boom goes the dynamite.
A lot happened in 2 years.
You don't want "your country" in this list...
According to the European Commission, the share of Russian natural gas in the member states' domestic gas consumption in 2007 was the following:[3]
The shares of Russian natural gas in the domestic gas consumption in non-EU countries in Europe were in 2006:[5]
http://en.wikipedia.org/wiki/Russia_in_the_European_energy_sector
Your numbers are a bit out of date
Here is, as of 2012, more up to date
http://www.fas.org/sgp/crs/row/R42405.pdf
Or you could google up the 2012 IEA tome "Natural Gas Information", warning, it is about 650 pages...
It is clear that the countries with tied to the FSU are still highly dependent...
Ouch, it gets worse! Good thing there's plenty of LNG to spare for the EU.
Germany... 39.9%
Belgium... 43.2%
Sweden... 100%
At least you can always burn your bitcoins to keep warm. Toasty!
Now I question all of this.
Sweden does not get natural gas from Russia but it does get it from Denmark!
BrocilyBeef...
I didn't make the list and certainly can't vouch for anything posted by Wiki or any other source.
I posted it cause so many folks here seem to think US or someone is going to replace Russia as gas/oil supplier to Western Europe. No one has splained that to me in a way that I can buy. Of course in the long run it could happen... but what about next winter and all the factories that are depending on Russian oil/gas year round?
Lots of things can happen given time.
In 100 words or less please tell the class the difference between a conventional well bore decline and a "tight" gas decline curve. Now for bonus points explain how a Frac affects production rates in a conventional, a tight, and a shale well's 10 year production cycle.
No?
Bonus round: explain the difference between coal water, coal seam gas (CBM) water and slick water disposal. Provide for the average retail goldbug the difference between the "dangerous leftovers" vs. that found in a Dow Chemical tailings pond as per DOE water reviews circa 2010.
Go ahead, I'll wait.
LNG from natural gas is necessary in the same way oil was necessary for whale oil. People can no longer afford oil anymore, car use and logistics strains proves this fact dead to rights.
EU is willing to pay up to 25/mmbtu. it costs 5/mmbtu to ship it. Over 40% of a well cost at shut-in is due to taxes. Remove the taxes and gross royalties which are paid on the wells, so the industry is on par (ha!) with Gazprom fields, and you will see some serious shit.
.
Good luck with that.
Wait, what?
GAZPROM pays royalties to the country beneath which the gas resides, Russia. This is true of every country in the world. The US is not the only country that charges royalties on production of oil and gas. In fact, Iraq oil deals have been offering only about $6/barrel to the company that gets it out of the ground. The remaining $94 goes to the govt.
This is why Argentina is in freefall. Oil shut off. This is slamming UK budgets, because their North Sea oil is in freefall.
The ENI CEO just did an interview in which he laid out that the US can't get gas to the Europe continent for less than $9. GAZPROM gets it there for $6, and this is LNG conversion (freezing and thermal loss) cost and LNG carrier cost causing this, not taxes.
You have it wrong.
what a relief to see reality begin to assert itself.
Brrrr...
Crank up that windmill. Blow the cold air off. hahaha! Eat it greenies.
All ya' gotta do is frac Hillary's butt and yull have all the methane u will ever need!
Infographic is per capita, not too useful when the stuff is shipped so readily.
Overall gist of the article entirely valid.
It's important to know when the enemy is poised to win. The bad news is they are poised to win forever. They will indeed fulfill contractual obligations, and in the next contract one of those imposed on customers will be a requirement that purchasers cut military spending.
Or "We are no longer selling gas/oil to NATO members" ???
Or "Non NATO members pay 50% less for gas/oil" ???
Putin is holding a Royal Flush
He has a good hand, but it is no guarentee he will play it to the fullest value...
The vector of Russian export infrastructure for oil and gas is firmly pointed westward and is not changed cheaply or quickly...
Flakmeister The vector of Russian export infrastructure for oil and gas is firmly pointed westward and is not changed cheaply or quickly...
---
So how is anyone else who might supply gas able to if such infrastrure is not changed cheaply or quicky? Thus your statement shows Putin has the stronger hand even with your last comment.
I don't think you understand what I wrote...
It will take at least 5-10 years and many billions of CAPEX to change the Russian infrastructure...
They are captive to where their pipelines currently point, if they don;t sell oil/gas to/through Europe, they ain't going to be raising much revenue...
As it is, Russian balance of payments are pretty much flat, i.e. despite having large foreign reserves, they rely heavily on hard currency from hydrocarbon exports to Europe to pay their bills. And this dependence has only increased over the past 20 years...
The EU and Russia are tied at the hip until further notice...
Yeah, Putin has a good hand and I believe he is a good poker player.
I don't believe that he wants to hurt his gas/oil sales to Western Europe or hurt his relationship with, especially, Germany.
Putin is too smart to cast Russia's lot entirely with China.
China has some very good poker players too.
I believe Putin's goals are to weaken US control of Nato, promote something other than the dollar as a reserve currency, and diversify Russian oil/gas sales. He is holding the 'we sell gas/oil for any currency' card. If possible, he will wait for Ukraine to blow itself up politically/economically with help from IMF... then Russia will have the Ukraine back in it's pocket. Putin must hate that so many pipelines go thru Ukraine and are subject to vagaries of Ukraine politics, with heavy influence by west. He is on A BIG HOOK because he promised to protect Russians living in Ukraine... that is a weak spot for him. US NGOs could force Putin to invade to protect Russians citizens of Ukraine under duress and if he didn't it would cost him politically at home. Right now he is polling very well. Even a king needs support of his subjects... except in US.
I think Putin is to visit China next month? Maybe they will sign a deal, maybe not. China is going to bargin for CHEAP energy. Putin doesn't want to weaken his hand with China by hurting gas sales to West before the China meeting. Lots of balls in the air.
Just my thoughts... and I have left out a lot
Who's the enemy, Whiteman?
Obama is trying to break everything ever created by Western Civilization. So these warnings might be too tempting.
obama is nothing more than a puppet the banking overlords selected because he'd be sooooo easy to control. i dont like obama, but he's not the problem. the FED and its owners are the problem.
I'm just wondering if you realize the threat to your banking conspiracy meme that exists via oil scarcity.
Oil has value the predates any bank ever created. The only valid payment for it will be calories or slave labor.
And that will be that for your banking cabal scenario.
dont forget about potable water!
Banks have been around a lot longer than oil.
Like many of yours', and Flakmeisters,premises,you are wrong.
I'm not so sure about that.
In ancient times, people were allready extracting and trading oil in the Caucasus.
Surely you jest. Oil takes millions of years to "cook" into something useful from organic material/kerogen, while banks have been around for 8,000 years at most.
Better to wrong on occassion and capable of learning as opposed to be completely misguided and close minded like your self...
And as far as banks go you, you are quite wrong, the use of Greek Fire and pitch predates modern banking which is closely associated with the Templars.....
101 years and c... obama is nothing more than a puppet the banking overlords selected because he'd be sooooo easy to control. i dont like obama, but he's not the problem. the FED and its owners are the problem.
---
I hate the FRB system but quite frankly, they are an easy target to blame for everything. If the public were educated and more involved, might we not have this problem? The public sits on its ass depending on various entities to solve problems that the public should be solving. I blame the public.
It is historical and repeating again. Did the Romans have a FRB in there downfall? No, but they did have a public that became lazy and dependent on government just like all other previous empires that collapsed.
As empires grow, so does its population. The empire encourages dependency and ignorance of the public and so here we are again.
I think Putin already knew this, but thanks captain Obvious.
Now is the perfect time for Germans to vote to join the new Anti-Bolshevik Federation, the ABF. Get the global khazars extremely nervous.
The neocons at the Pentagon have war gamed this and are comfortable that they can destroy the US Dollar & Constitution.
Don't worry. Everything is under control.
The German Interior Minister said "The information we have received thus far is insufficient. That remains my opinion. The US' surveillance measures are largely a result of its security needs, but they are being implemented in an excessive, boundless fashion."
"I am thinking of the foreign policy damage. Because the greater damage has actually been inflicted by the Americans and not the Germans. And I say this as a staunch trans-Atlanticist. Approval ratings for Americans in German polls are lower right now than they have been in a long time. The last time this was the case was during a certain phase of the policies of George W. Bush. It saddens me."
German Minister: 'US Operating Without any Kind of Boundaries'The U.S. is in enemy hands. The people of America have lost control of its government.
BROKEN ARROW!
http://www.liveleak.com/view?i=5ef_1348981291
I'll always give an up arrow for Chuck. The only major leaguer I know who forgot how to throw...
But great clip as well.
Re: The people of America have lost control of its government.
The "corporations are people" ruling was some time ago. Too late to worry about now. No going back.
The VAST MAJORITY OF PEOPLE are in enemy hands.
Cut to the chase - the war is between the psychopathic, narcisistic bankster fucks and everyone else.
Trouble is, only a very small number know this.
Divide and conquer is so successful.
Do you think the Germans are pissed about getting their national gold Corzined?
Chuck Knoblauch The neocons at the Pentagon have war gamed this and are comfortable that they can destroy the US Dollar & Constitution.
------
Which neocons would that be. I only see liberals and RHINOs in this world which means there are no real conservates making such decisions.
Republican & Democrat Communists
ha! Gabriel is getting senile...
Germany can turn on their nuke plants again and make up for a loss of russian ng.
Germany imports coal mined in the hills of weastern Pennsylvania. It is trucked to ports in Philly, floated across the Atlantic to northern Germany. A quater of the way around the world because the German greenies have made it more expensive to mine the vast coal reserves in Germany. And of course Der Krauts have shut down their own nukes.
Re: German greenies have made it more expensive to mine the vast coal reserves in Germany
Not quite. There are differnces in coal. Western Pennylvania has some of the best metallurgical coal in the world.
German coal is more like dirt that happens to burn.
If it wasn't for the Greenies the entire world would look like China, btw.
.
Patience grasshopper.
I disagree. Nixon created the EPA and it did a great job. Its taking environmentalism to a noneconomic extreme that does us harm.
One person's fornicating-harlot is another person's typical liberal-indoctrinated bi-sexual nymphomaniac sex-partner.
Politics is simply creating bullshit about differences of opinion about what is "extreme".
What's more important Humanity or the financial system?
If every decision made is based on 'money' we're all fucked.
I guess that means we're all fucked.
Well said and oh so true....
This and trader1's comment above. Germany made choices about energy consumption to sustain its industrial base and standard of living, and it made other choices about importing that energy to externalize the pollution, radiation hazards, and ugly mines by offloading the downsides to other nations. Now those other nations have power over Germany's industrial base and standard of living. The Germans need to reevaluate one of those two sets of choices.
Oh, it's die Krauts, not der.
It's "die Kräuter" (plural of "der Kraut").
BTW, Kraut = "Herb"
Not when it's used as an ethnophaulism for the Germans.
"Germany made choices about energy consumption to sustain its industrial base and standard of living"
LOL. Which it made not, it succumbed to evil leftist green
usurpation of complete destruction of all things national,
including industry. Germany is a spent force.
Resurrection almost impossible or incredibly deadly
for all but the lowliest collaborators.
you are partially correct.
it's actually the us military (in k-town) that is importing that coal. thanks to some pork barrel legislation from the 1960s/70s!
http://www.npr.org/blogs/itsallpolitics/2014/03/14/290238727/long-dead-c...
Geopolitical Strategy 101: In a world of limitted resources, it's best to use up other people's energy and resources first, before depleting one's own.
Last man standing over remaining energies and resources, Wins! And controls/issues the world currency: One Coin to Rule Them All!
/ Don't they teach you that in Austrian, Keynesian or Zerohedge economic classes? They do teach this at the Pentagon, at the 'Exxonomic School of Business', and on board the Enterprise. /sarc
^-- This
I'm no geologist, but the USA is 30th?
Sure....and I only have 1 extra magazine....
And that is exactly the game the ruskies are playing. All they have to do is look just south their borders and they see about 1/4 of the world humanoids, who over the years depleted their own natural resources, and now depend on others.
While other choices exist, Russia's resources are most economical to get into ChIndia, w/o the need of crossing oceans.
I highly doubt it anyone will make a military move so to grab russia's resources .... at least w/o sustaining major losses to the rusky nukes.
hehe...what'ch'ya know. Go long on anything starting with Neft or smells like gas
Gas Aid Maximum Strength Advanced Patient Information -
during the cold war russia desperately needed hard cash. the euro and dollar are hardly "hard" anymore and germany isn't the only customer with clownbux. funny russia putting pressure on the nato alliance like that. :snark:
During the Cold War, Alaskan oil began to flow and crashed the price per barrel. THAT is what destroyed the Soviet Union's revenue.
Nothing else.
CrashisOptimistic During the Cold War, Alaskan oil began to flow and crashed the price per barrel. THAT is what destroyed the Soviet Union's revenue.
---
That is not correct and the full story. Let me put it to you this way in these questions?
Doesn't the US make revenue off of oil? Then there is the positive side of lower energy prices. Shouldn't the consumer and corporations benefit from lower energy prices?
You continually miss the salient point...
FWIW, it was also the North Sea and the phase out of oil-fired power plants and a large increases in efficiency that capped demand growth at the end of the 70s....
Instead of recognizing that the oil game was nearing the end, the West, in particular the US and the UK doubled down and now are paying the price....
Yet another reason why history will not be so kind to Reagan and Thatcher...
Since when the consumer was anyone's concern? Once they are parted from their $, consumer be damned (just ask Comcast ... among others). As for corporations .... Exxon is quite happy as for others, they just bundle it into the cost of the product and pass it on to said consumer. Either way .... consumer pays, be it through product cost, or taxes, which are then passed back on to the corporations via lower, if any, taxes, and any other schemes. We lead the world in both games: fucking over the consumer and taxation (others might pay higher taxes, but get something in exchange, unlike us).
There is no *economically palatable* alternative to Russian gas. They will burn their furniture to stay warm though if need be.
Less dramatically, they might find themselves using kerosene heaters, fireplaces, etc.
Of course they could also get the nuke plants going again.
Or, not being destitute, they could pull up stakes and move. Perhaps to Russia. This time without the Panzers and Stukas.
Or they could take the path of least resistance, pay GAZPROM for gas and Rosneft for oil and allow their policies to be gently nudged by Russia.
If it were only that simple, you assume Merkel actually runs Germany as Prime Minister and doesn't answer to a 'higher authority' like everyone else in closed loop petro-dollar system whose very lifeblood is threatening by this. I'm sure she would want to do exactly that if she actually ran the show.
You also assume all these nation states within the petro-dollar central banking system are independent countries in the first place and not just fronts.
Maybe they should have thought of that before they supported a revolution in a country that is the distribution point...
Play the chess game already....
Arm Yourselves
Maybe Putin should have had more competent kleptocrats as puppets...
If it took the equivalent of 10 months of Gazprom's Ukrainian pipeline revenues spread over 25 years to topple the regime of the crown jewel of the FSU it tells me that Putin was clueless...
DO NOT light a match near Sigmar.
Putin 37 - Western PTB 1
Good to be Kanadian, according to this chart.
"Fuckin' Eh!", to borrow a phrase.
Sshhh.
Dont tell the US about Canada's oil.
You know what happens to countries that have resources the US wants.
Too late. And you thought that Alaska was the biggest state in the union. Don't tell Governnor Harper.
Not sure I would want to be only 40 million stong sitting on a huge energy reserve that has a significant strategic impact on relations between the US, Russia, and China.
Always has.
Long Norway.
And how long have these lazy fucking socialists know about this??
And what have these lazy Euro socialists done about this???
Freeze you stupid fuckers!!!!!!!!!!!!!
This map does not bode well for some countries. E.g., Russia, Venezuela...
Most are already under US/Fed control, the others are their targets. I predict Venezuela will be the next "Ukraine".
While all the ADD amateurs and libertarians are distracted by the rhetoric of Socialism (deliberately injected), the real goal is "Chaos by any means", so that a very specific kind of "Order out of Chaos" ('Ordo ab Chaos') will emerge.
If Russia+China cannot force the dethroning of King Dollar (sometime soon), they are both screwed in terms of energy supplies -- either for own consumption (China), or for export & Gov Budgets (Russia).
Re: While all the ADD amateurs and libertarians are distracted by the rhetoric of Socialism
+10 on that one!
A sudden collapse of the dollar obviously would cause a lot of instability all over the world including in Russia and China. I don't think they want to bring it on as being king as you put it presents a new set of problems. IMO they're rolling out new trade agreements because they see the writing on the wall and are preparing the best they can, the slower things move, the more time they have to plan, prepare and implement.
two bites at the apple in Venezuela - the reserves are huge and geopolitically perfect but also the country gold reserve was shipped to V so that airlift back - after revolution / repo - to NY would provide huge new cushion
It isn't that simple. You don't only have two factions. You have those in power and ready to retire, those in power and desparate to stay there, those in line to be in power, all the ambitious people below that who believe they have a chance at power... and so on and that is just describing one bank or corporation or government or even government agency. Replicate that to all such bodies around the world and you have chaos. Nobody knows exactly what or how what will happen next.
Dare we say that even if Russia and China are successful at dethroning the dollar that they still may fail? If they aren't ready to assume the lead and have the infrastructure in place and ready to go the global "economy" would almost certainly collapse and reset. A hard landing could give everyone a chance to start over, including the peoples of Russia, China, and the US. Things could go very badly for all PTB.
Let's hope, eh.
Russians and Putin,
Ask for payment from here on in precious metals...
That would shred the US Fed because Germany could demand it's gold back now.
The US Fed's naked gold shorts would implode. LOL, what a way to fry the US ponzi scheme.
Re: what a way to fry the US ponzi scheme
Not sure any large country - run by that country's top 1% - wants the US to implode.
The top 10% - world wide - is doing VERY well on the current system: 10% of 7 billion people is ALOT of people who are happy.
China needs the US debt serfs, Russia need customers for its Gas. Everybody needs the scams to keep going exactly the way they are.
Germany already demanded its gold back. But they put bitte at the end of the demand as they don't have their own nukes. No problem. The NY Fed will give them 20% back in 7 years. Let see, that's about 3% per year, close to the 10 year note. As Ben Franklin put it, if you lie down with dogs you're gonna get up with fleas.
If Germany had any balls, they would take a chapter from the CIA, rendition Dudley, and ransom him back for their gold.
If the German government read ZH more often it wouldn't have taken them so long to come to this obvious conclusion.
Welcome to our world Deutsche bitchez
Germany to the US fed:
"Where is our gold? We demand our gold back!!"
All those arrogant PhD economist at the US Federal Reserve would be scurring to accumulate the gold they don't have.
You may or may not have noticed that this thread has NOTHING TO DO WITH GOLD.
EVERYTHING IN THE FINANCIAL WORLD RELATES TO GOLD! It is the very lack of understanding this that has us historically on the edge of an economic global meltdown never before witnessed by mankind. The future will be rebuilt using gold-trade settlement and these negotiations have already taken place. At this point it's just a matter of the sovereign's tip-toeing away from the fiat skank they've been sharing with the rest of the world without waking the bitch and having their neighbors find out.
It's a precarious tightrope to walk right now. If it wasn't so calamitous to free people everywhere it would be funny. But instead it's just fucking tragic!
Oil and natural gas predate "financial worlds".
Take your gold stuff somewhere else. This talk is about life. Not "money".
Oil cannot be traded for labour without an intermediate step.
ERGO ....Gold
Now what's your point again?
Gold is money but gold is not the definition of finance. Don't get me wrong, I like gold as money and as a commodity but...
I can trade grain, water, or bullets for your oil. You choose. Do you now see how finance can work without gold?
Barter certainly can work without gold, but only at a very primitive level.
Introduce any complexity at all and an honest medium of exchange becomes almost essential.
It takes oil to move the grain to trade for the oil, so it becomes very inefficient to do so, when an agreed value in gold will serve both parties just as well in most cases.
Gold merely allows honest exchange without two parties having to barter the actual products immediately.
Gold does not exclude barter, but actually increases it's value, through allowing more participants into the market.
As you say ( I think) The main thing is to have something of value to barter in the first place.??
As always, useful skills go a long way.
No alternative to Russian gas? What the fuck does he think Syria is all about? Bringing moar democracy to the ME?
I have a solution, it's so simple I can't believe it hasn't been done before: Supertanker Dirigibles
Have them float down over the gently fracked rolling plains and fill 'er up. The natgas doesn't even need to be liquified, just top that sucker off and head for countries waiting to be liberated by the limitless supplies of American Freedom Gas™. As a bonus, transport is extremely green and transit costs can be recouped from advertising on the giant electronic billboard on the side. The trips will be long and boring, so of course the crew will be allowed to smoke 'em while they got 'em.
I think my idea is ready to blow up!
Disclaimer: I have no common sense and am not a student of history and therefore cannot poke any holes in my incendiary scheme.
Actually I like the idea if you incorporate solar driven props, make them all crewless drones, and make the routes over unpopulated areas or water. That isn't to say we should do this to fuel Europa but perhaps if we need to transport the stuff it would be better to not use trucks and trains which seem to have really disasterous results from time to time. At least if a drone blows up it won't close the sky for a week or two thereby stopping traffic on that line. Besides, it could be a very green (efficient both economically and environmentally).
I think our German friends should starve and freeze to death to show how serious they are about Ukraine
The German Public backs Putin and thinks the US is psychotic
For now, the US military bases provide some comfort, just in case plan A, does not work out well. I wonder what the poll would indicate, if we were not there, to defend their asses, as well as be the fault guy? If they had to look to their own gov and ask: if Putin keeps pushing the 'red line' when do we act, and how?
As is, NATO = US when it comes to combat/action. The others are there as cooks and bottle washers.... for the most part.
Too damn bad, Bush did not look inward, and begin rebuilding the US instead of pissing with the ME...... But then, 911 came far too early during his reign, before he had a chance to get his shit together. We should have had a "Stop Loss" on Iraq, not to mention, hedge against iran sticking its nose into that deal (which we should have known they would).
Are they aware that China signed a deal with Kazakhstan to supply gas THAT WILL EQUAL HALF OF RUSSIA SHIPEMENTS TO CHINA.... see any vulnerablity there ......... ??????? VE DONT VANT TO FIGHT VE VANT TO SELL KARS IN AMERIKA easy money.... JAWHOL......... 1-800 KARS FOR YIDS
China's gas consumption grows, so no. No vulnerability at all.
The EU will earmark a lot of money into the development of renewables. How about dedicating a couple of nuclear power plants -cursed as they may be- to producing massive amounts of hydrogen gas? For power generation and for internal combustion engines? There are some technical problems to overcome such as storage and transport but electrical power could be generated this way. For cars the problems would entail storage in gas tanks and modification of engines but the infrastructure is already there in the shape of gas stations. Anyody has any thoughts and links about this perhaps?
The bad news is there is nothing that can be thought of that hasn't already been thought of.
This is a very hard reality to embrace.
There is no law of nature that says there has to be enough forever.
Hmmm, I think the really bad news is that technological innovations that can solve our energy and environmental problems are being suppressed because the TPTB doesn't want them to emerge. And pretrodollar must stay king.
The world spends trillions to bail out banks that almost ruined the world economy but we can't spend the same amount to solve the world's energy and environmental problems. It is really a matter of political will.
Russia and Putin,
You have unlimted pricing power. Screw the US Fed (IMF) and ask for payment in gold.
The US Fed has loads of naked gold shorts.
even in the dark times of the Cold War, Russia has always fulfilled its contractual obligations
Headless shill Gabriel at it again:
Isn't 1948 already counted towards the Cold War era, as there were no more hot wars at the time?
Gabriel then should ask the Berliners how they felt during the Berlin Blockade which also shutoff gas.
But maybe the weasel words contractual obligations instead of gas deliveries was used by him to avoid an outright lie there.
It was coal gas in 1948. Besides Berlin was INSIDE the Soviet Sector. We are talking of GERMANY which is a country not a divided city under foreign occupation.
Let the NG scam begin! Stand in the way of this juggernaut at your own peril.
I think we should invest in nuclear technology
-Hitler
Fukujima, is that that same as Iwoshima?
And just for uttering those costly words and saying the only logical thing he could say in his position Mr. Gabriel will either need to be expelled by Frau Mutti, or something worse will come his way.
The World will certainly know what happened after making such candid remarks with a government that still has military bases inside his Country since 1945. Time for the "uninvited guest" to get the fuck out of Germany!!!
The U.S. is desperate the EU knows it, and it's time to jump the U.S.S. USD!!!
For the near future Germany is a victim of geography. Look where it is, ask where the gas is and how does it get to Germany. And I suspect, Russia's price is failrly good, or Germany would not be sucking on Russia's gas pipelies, including the hugely expensive new North Stream Pipeline laid under the Baltic to Germany markets. So Germany is Europe industrial giant, it can only run of reasonably priced gas. As to that, RT is showing video of Ukrainian troops detraining in the East and moving out on the roads, Locals who went out to stop them were ignored or run over. Kiev has sent troops and armored vehicles, Right Sector EuroMaidan are going to earn their 40-50 Euro pay from the USA by sending large groups East to settle the issue. The Fascists have announced they will retake the cities and crush all opposition to the IMF and the USA. There you go, the war kicks off sometime in the next 48 hours according to Kiev's claims. Russia is silent, that is not a good sign.
How are markets handling the news, I need to go check.