Politics

[Wheels]

Wheels,good morning.
Before I invest in bank shares, I prefer to buy cryptocurrencies, knowing from the outset that the money could soon be gone.
I also don't think much of UBS.
At the time of the financial crisis, the two banks had more debt than the entire gross national product of Switzerland.
Bad banks were set up and the bad stuff was booked over.
Great, isn't it?
Swiss bankers are the most conceited people in the economic sector.
They have never done anything but collect the black money of the dictators of this world.

+1

An Introduction to Finance class will teach students to not allow current liabilities to exceed current assets.

Western banks have become dependent upon free money, stocking up on long term assets at low rates of return. The banks were not prepared for interest risk.

Central bankers in trying to contain inflation are moving western banks to the precipice.

 

[Ray B]

This is in the US? I had no idea that hanging was still an acceptable mode of execution.

Washington state prior to 2018. Presently the death penalty is not to be used because the State Supreme Court found that there were more black murderers being executed than whites so they determined that it was more racial inequity. Prior to Mary Faircunt's decision the method was either lethal injection or hanging.

 

[SaintPanzer]

Thanks!
I just learned a new English term, for this device.

https://cdn1.bigcommerce.com/server700/63053/products/98426/images/2078/1005-00-118-6192__41130.1272826324.220.220.jpg?c=2

 

[Wheels]

Wheels,good morning.
Before I invest in bank shares, I prefer to buy cryptocurrencies, knowing from the outset that the money could soon be gone.
I also don't think much of UBS.
At the time of the financial crisis, the two banks had more debt than the entire gross national product of Switzerland.
Bad banks were set up and the bad stuff was booked over.
Great, isn't it?
Swiss bankers are the most conceited people in the economic sector.
They have never done anything but collect the black money of the dictators of this world.

Going along with what you have said.



https://twitter.com/KobeissiLetter
The Kobeissi Letter
https://twitter.com/KobeissiLetter
@KobeissiLetter


Credit Suisse, $CS, Fines by Year:
- 2022: $700 million
- 2021: $280 million
- 2018: $90 million
- 2017: $5.4 billion
- 2016: $240 million
- 2014: $3.7 billion
- 2012: $120 million
- 2009: $536 million
- 2008: $15 million
- 2003: $275 million
- 2002: $350 million

Credit Suisse has been fined over 50 times for a total of $11.4 billion since 2000, an average of $570 million/year. That's almost four times the $3.25 billion that UBS just paid to acquire them. They dug their own grave.


7:02 AM · Mar 21, 2023

 

[Alistair]

Yeah, I've read there's only one live round in a firing squad. The rest are blanks so no one really knows who killed who. Makes no difference, the bastard's dead.

Just so long as it ain't a 6.5 Creedmoor. That'd be a humiliating way to go...

Wait, maybe that's the deterrent we need!

 

[Red Leg]

Sam Greene, the former Anglo American director of the King's College Russia Institute, currently a Director with the Center for European Policy Analysis, and all around fairly bright fellow, just posted a brief thread analyzing the Putin Xi summit. Along with enlarging NATO by two countries and pulling the NATO boundary within spitting distance of St. Petersburg, Putin is just about to complete the subjugation of Russia to China as a vassal state.

https://twitter.com/x/status/1638230854991224857

 

[Wheels]

When you confiscate foreigners money (USD), it no longer becomes money to them. Look for the enlarging BRICS group to form their own petrorenminbi or whatever it will be called.

3/5's of the worlds largest oil producers are now in competition against the west forming their own group. Look for all of OPEC to join. All this while the west is on a suicide pact to destroy their own petroleum industry. At what point will we be supporting China by having to buy renminbi to pay for our oil imports. Europe will have it even worse than America.

The USD and the West are in self destruct mode and none of the leaders of the Western world have a clue what is going on.

 

[Wheels]

 

[Hunter4752001]

I think the body language said everything about the relationship. Putin appeared as though he has ceased to believe in himself and is simply waiting for the inevitable end.

 

[Newboomer]

I think the body language said everything about the relationship. Putin appeared as though he has ceased to believe in himself and is simply waiting for the inevitable end.

We can hope.

 

[FrontLines]

 

[375 Ruger Fan]

Carbon-Sucking Tech To Use More Energy Than All Homes
Tuesday Mar 21, 2023
URL: https://www.rigzone.com/news/wire/c...gy_than_all_homes-21-mar-2023-172335-article/

Technology that sucks carbon emissions out of the air would need more energy than used to run the world’s homes if it’s to play a significant role in reaching global climate goals.
That’s according to a future energy scenario modeled by oil supermajor Shell Plc that includes direct air capture, which filters the gas out of the air so that it can be stored safely and permanently. It’s one of the two main ways to trap CO2 — along with capturing it before it leaves a smoke stack.

Despite net-zero emissions goals in most of the world, governments will need to make big changes to limit global warming well below 2C and avoid the worst impacts of climate change. Getting there won’t just mean sharply cutting back on fossil fuels in favor of renewables and batteries, but also scaling up technologies that sequester CO2.

Direct air capture is still in its infancy and while it could one day be a crucial climate tool, it’s hugely energy intensive. It’s effectively like running a giant air conditioner to cool the atmosphere.
In a scenario in which the world limits global warming in line with the Paris climate agreement, final energy demand for direct air capture rises from about nothing today to almost 66 exajoules in 2100. That would be more than the energy needed to heat and power all the world’s homes by then, according to a report by Shell.

That amount of energy would allow the world’s carbon-sucking machines to absorb more than 5 billion tons of CO2 per year, Shell said. Were that to happen, it would be possible for global warming to be around 1.24C by 2100, after briefly rising above 1.5C in the middle of the century.
Despite the technology remaining fledgling, there’s major interest in it. US President Joe Biden’s climate bill provides significant subsidies to help expand the industry. US oil giant Occidental Petroleum Corp. has already started building what will be the world’s largest carbon-removal plant.
How the machines fare depends on investment and how the technology develops. But if they do scale up, they’ll need a lot more wind turbines and solar farms to provide low-carbon power.

 

[375 Ruger Fan]

Sam Greene, the former Anglo American director of the King's College Russia Institute, currently a Director with the Center for European Policy Analysis, and all around fairly bright fellow, just posted a brief thread analyzing the Putin Xi summit. Along with enlarging NATO by two countries and pulling the NATO boundary within spitting distance of St. Petersburg, Putin is just about to complete the subjugation of Russia to China as a vassal state.

https://twitter.com/x/status/1638230854991224857

Another good quote from Sam Greene

03/21/2023, 18:33

Key statements by Vladimir Putin and Xi Jinping following talks in the Kremlin​

24K2 minutes.
Expand to full screen

Russian President Vladimir Putin (right) and Chinese President Xi Jinping
Photo: Dmitry Azarov, Kommersant

Russian President Vladimir Putin (right) and Chinese President Xi Jinping
Photo: Dmitry Azarov, Kommersant

Russian President Vladimir Putin:

• The talks were successful and constructive.
• Relations between the two countries are at the highest level in history.
• Many provisions of the Chinese peace plan can be taken as the basis for a settlement in Ukraine, when the West and Kiev are ready for it.
• Plans for the supply of depleted uranium shells to Kiev say that the West has decided to fight the Russian Federation to the last Ukrainian "not in words, but in deeds."
• On most international issues, the positions of the Russian Federation and China are close or coincide.
• All agreements with Mongolia on the "Power of Siberia-2" have been reached .
• Russia is in favor of using the Chinese yuan in settlements with the countries of Asia, Africa, and Latin America.
• LNG supplies from Russia to China will expand , Moscow is ready to increase uninterrupted oil supplies.
• Russian business is able to meet China's growing demand for energy.
• The trade turnover between Russia and China in 2022 reached a historical record of $185 billion.
• There are opportunities for a significant increase in exports from Russia to China of meat and grain.
• Trade in agricultural products between the Russian Federation and China is growing at a faster pace.
• China has become the leading partner of the Russian Federation in the economic development of the Far East.
• Russia and China are ready to create a joint working body for the development of the Northern Sea Route.
• Russia supports the creation of a sports association within the framework of the SCO.
• Moscow and Beijing can become world leaders in IT, network security and artificial intelligence.
• Russia is ready to support Chinese business in replacing enterprises that left the Russian Federation.
• The Russian Federation is counting on a multiple increase in student exchanges with China in the context of the lifting of anti-COVID restrictions.

Chinese President Xi Jinping:

• The talks with Putin were frank and friendly.
• Sino-Russian ties are vital to the modern world order.
• The growth in trade allowed Russia and China to give impetus to socio-economic development.
• China, guided by the principles of the UN Charter, has an impartial position on the Ukrainian crisis.
• China stands for peace and dialogue on the issue of resolving the conflict in Ukraine.
• China and Russia, as permanent members of the UN Security Council, will continue to uphold the fundamental norms of international relations.
• China and Russia will build up constructive power to form a multipolar world.
• Comprehensive planning will be established in trade, including in the IT sector, trade in resources.

 

[mdwest]

 

[Red Leg]

Another good quote from Sam Greene

View attachment 524394


03/21/2023, 18:33

Key statements by Vladimir Putin and Xi Jinping following talks in the Kremlin​

24K2 minutes.
Expand to full screen

Russian President Vladimir Putin (right) and Chinese President Xi Jinping
Photo: Dmitry Azarov, Kommersant

Russian President Vladimir Putin (right) and Chinese President Xi Jinping
Photo: Dmitry Azarov, Kommersant

Russian President Vladimir Putin:

• The talks were successful and constructive.
• Relations between the two countries are at the highest level in history.
• Many provisions of the Chinese peace plan can be taken as the basis for a settlement in Ukraine, when the West and Kiev are ready for it.
• Plans for the supply of depleted uranium shells to Kiev say that the West has decided to fight the Russian Federation to the last Ukrainian "not in words, but in deeds."
• On most international issues, the positions of the Russian Federation and China are close or coincide.
• All agreements with Mongolia on the "Power of Siberia-2" have been reached .
• Russia is in favor of using the Chinese yuan in settlements with the countries of Asia, Africa, and Latin America.
• LNG supplies from Russia to China will expand , Moscow is ready to increase uninterrupted oil supplies.
• Russian business is able to meet China's growing demand for energy.
• The trade turnover between Russia and China in 2022 reached a historical record of $185 billion.
• There are opportunities for a significant increase in exports from Russia to China of meat and grain.
• Trade in agricultural products between the Russian Federation and China is growing at a faster pace.
• China has become the leading partner of the Russian Federation in the economic development of the Far East.
• Russia and China are ready to create a joint working body for the development of the Northern Sea Route.
• Russia supports the creation of a sports association within the framework of the SCO.
• Moscow and Beijing can become world leaders in IT, network security and artificial intelligence.
• Russia is ready to support Chinese business in replacing enterprises that left the Russian Federation.
• The Russian Federation is counting on a multiple increase in student exchanges with China in the context of the lifting of anti-COVID restrictions.

Chinese President Xi Jinping:

• The talks with Putin were frank and friendly.
• Sino-Russian ties are vital to the modern world order.
• The growth in trade allowed Russia and China to give impetus to socio-economic development.
• China, guided by the principles of the UN Charter, has an impartial position on the Ukrainian crisis.
• China stands for peace and dialogue on the issue of resolving the conflict in Ukraine.
• China and Russia, as permanent members of the UN Security Council, will continue to uphold the fundamental norms of international relations.
• China and Russia will build up constructive power to form a multipolar world.
• Comprehensive planning will be established in trade, including in the IT sector, trade in resources.

Rather a lot of hopium and copium in the Russian summary.

 

[gsdog1]

View attachment 523299

Am guessing there's a big pile of the turbine blades somewhere, being used for spare parts no doubt. I'd really like to get my hands on the lifecycle cost analyses of these God forsaken creations. Going out on a limb, I'd say the models are terribly light on recycling / disposing of the units post useful life, and that there aren't any provisions for bringing in de-icing agents via helo.

 

[Graham Hunter]

View attachment 524421

Am guessing there's a big pile of the turbine blades somewhere, being used for spare parts no doubt. I'd really like to get my hands on the lifecycle cost analyses of these God forsaken creations. Going out on a limb, I'd say the models are terribly light on recycling / disposing of the units post useful life, and that there aren't any provisions for bringing in de-icing agents via helo.

Most of the turbine blades are dumped in a trench and covered. Problem solved. Sure it is! Go Green.

 

[Graham Hunter]

Also the Greenies don't want to discuss the fact that it was petroleum products that built those blades.

 

[bowjijohn]

China has now added a new ‘mad dog’ to its kennel

 

[Scott CWO]

View attachment 524421

Am guessing there's a big pile of the turbine blades somewhere, being used for spare parts no doubt. I'd really like to get my hands on the lifecycle cost analyses of these God forsaken creations. Going out on a limb, I'd say the models are terribly light on recycling / disposing of the units post useful life, and that there aren't any provisions for bringing in de-icing agents via helo.

The blades are being cut up and buried at incredible cost. Crazy.