And remember. This is just electricity consumption.
Consider all the fossil fuels used for cars, home heat, boilers, bbqs, stoves, trucks, boats, trains, planes. Etc.
Now also consider fossil fuels used in industry like steel, cement,
Then consider all the fossil fuels consumed in the production of there consumer goods purchased from china or other heavily coal powered countries. All the electronics, the copper, the plastics.
Then consider all the fossil fuels consumed in food production.
How about all the energy consumed exporting there goods and importing other goods?
Germany is so far from green is not funny. The current 29% ‘renewable’ electricity grid probably represents less than 10% of there total energy consumption.
People need to do the math and see how needed nuclear is… we are completely screwed without it.
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Just comparing 2nd dose vaccinated and the unvaccinated:
20.8% of Ontario is unvaccinated vs 78.2% vaccinated (just comparing the two)
61.6% hospitalizations are unvaccinated people
70% icu’s cases are unvaccinated people
Now let’s consider that unvaccinated people are typically people that claim have great immunity and don’t need the vaccine. The sickest amongst us have generally been getting vaccinated out of fear of Covid.
Simple math. Bitcoins are worth nothing. It’s entirely a cult ponzi. Owners promoting them to try to sucker the masses to pay more for them. It’s that simple. Energy wasting to make. No utility, no asset backing, just the first of the endless stream of faith based crypto crap
People sure love to argue about crypto. I find it fascinating to see how cultish its following has grown to be. Zero logic. No understanding of the history of all unbacked faith based currency. They will be defiant forever. Always trying to convince others to come play there game
They don’t see that they are just part of a fringe following that will never achieve the status they dream of. At some point enough of them will see to own things in the real world that the cash in their ecosystem will drained out. They will then understand they have been had.
‘The Billionaire Magician’ is an analogy I often use when discussing the modern world and today’s global wealth inequalities.
Over the years I’ve come to learn how the uber wealthy ‘operate’. I’ve seen many examples first hand and have countless stories I could share.
The modern day ‘wand’ is a smart phone. With a few key strokes or a quick call to an executive assistant today’s billionaires can make things appear or make things happen like magic.
I debated the value in attempting to achieve such mystical powers before retiring at a very early age…
The magical powers are very intoxicating. With a powerful enough want (iPhone and bank account) one can have a helicopter arrive nearly anywhere in extremely short notice
Ya know what goes great with your Gold investments? An ‘I don’t give a fuck attitude’ when it comes to listening to the Fed, Central banks, brokerages, and investment pundits that draw little ‘make it or break it’ lines on a chart.
When gold looks sick and it’s being insulted but you believe it’s in a long term bull you buy it. Expect it to break down and rinse people. It happens at nearly every major turning point. The only think I’ve do is look to take some profits and shift gold stock gains to bullion
When at an extreme for stocks away from the 200 and 50 dma. Then when when we inevitably get a down turn. Look for a two wave down retracement to a major moving average hopefully around an important Fibonacci. 618 or 786. Call it close enough and reload or rebalance
After reviewing this document from the Presidents Working Group on financial markets discussing StableCoins future regulatory framework, I’ve got some opinions on how this all will probably play out. #cryptocrash#crytpo#sec#cftc#fomc $mstr home.treasury.gov/system/files/1…
Firstly regulation is coming even though the crypto believers don’t want to accept that it will.
@GaryGensler has clearly (ominously for the crypto world) stated that throughout history there have been attempts for private banks and currencies to operate outside of public regulations and all have failed. Basically saying crypto and exchanges will be regulated or destroyed
So looking at the articles on the size and inflows of the crypto ecosystem it seems like this year will see ~$10b inflows, up from ~$7b last year. But the ‘value’ of all the coins in the system is said to have hit $3T. Even if we say total inflows in history have been $100b