Examining the facts.
For decades now, especially since the fall of the Soviet Union, the global elites have pushed for a global integrated economy centrally controlled are the US Federal Reserve, the European Central Bank and the International Monetary Fund. And to a great extent, too great an extent, they have succeeded. Unfortunately for the elites just as with the Roman empire, events on the peripheries are taking a toll on the control mechanisms at the center.
During Roman times word of events, and their implications for the empire itself, could take months to get back to Rome. Today nothing could be farther from the truth. Word of events in smaller countries that the elites would like to ignore or pretend have no implications are available for all to see on the internet virtually instantaneously.
The pursuit of foolish policies from the ideation of controlling global climate to trying to checkmate growing Russian economic and political power with a hopelessly corrupt Ukraine to raising taxes and spending as the world plunges into recession are combining into a perfect storm. A storm that has global depression and uncontrollable political instability written all over it. I crisis that I fear is going to rival or even be worse the 1930s going into World War II.
Facts:
1. In spite of media claims to the contrary to us government is in the possession of a weak ineffectual administration that is viewed as corrupt and increasingly authoritarian not only by domestic political opposition but by our allies and enemies across the globe.
2. Forcing smaller countries with inherently weaker economies and lower standards of living to abandon the use of nitrogen based fertilizers has led to highly reduced crop yields and in some cases crop failures. Everyone saw the massive crowds storming the presidential Palace in Sri Lanka and literally driving the national leadership into exile. In Bangladesh politicians are going into hiding because there are crowds of hungry people in the streets who are quite literally hunting for the to seek retribution.
3. Just this week Polish citizen have been lining up for days to purchase coal to stay warm this winter as they recognize that the crisis and Ukraine is going to cut off natural gas supplies.
4. Soaring natural gas prices in Europe have now shut down some 70% of ammonia which is critical for downstream production of fertilizer. Which means lower crop yields and even higher food prices.
5. Even in normally placid Switzerland the energy ministry is voicing concerns about possible civil unrest created by food cost and especially rolling brownouts and possible blackouts because of diminished energy supplies.
6. The US is in the midst of droughts across the much of the southwest. In California alone over half a million acres have been left unplanted this year because there is no water.
7. China is also facing a crippling drought across it's northern plain that will effect not just China's but global food supplies and prices.
8. Both Russian and Ukrainian grain production and exports have been severely reduced by the war.
WINTER IS COMING! And it won't be some mythical wraiths sweeping down from the north. It's going to be the twin monsters of bitter cold and hunger. And political upheaval will be following close in their wake.
But don't you worry folks all of this depredation and death will reduce atmospheric CO2 by .001%. Oh great glory the planet will be saved! The elites will party in the Hamptons and St. Moritz will you search for that extra blanket you were sure was in the back of that closet somewhere.
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