PowerSwitch

https://www.zerohedge.com/political/riots-have-hit-48-americas-50-largest-us-cities-new-study-finds It's ugly out there. I would be surprised if this doesn't, at some point, lead to a backlash among ordinary voters and Biden's flip flopping on the subject is likely to turn voters to Trump on law and...

https://ecosophia.dreamwidth.org/100046.html

Superb.

UE, why would it crash anytime soon?

Seems to me that we will have perma-QE for years to come.

That will be good news for assets that go up with that inflation e.g. land, real estate, gold, shares and bitcoin.

Not so good for government and corporate bonds or cash at virtually zero interest rates.

Given money printing housing is one of the better assets out there.

As for the US election, I also think Trump is more likely than not to win. We will see.

Sorry to hear that. Well, as long as she can develop a useful skill, vocational, she should be fine. Being a hairdresser, for example, is one of the most stable jobs out there! In regard to the exams, sadly, the massive grade inflation will mean employees will always be a bit careful in regard to th...

Not necessarily. Whilst massive short-term drops in equity markets are going to happen (we had one in March 2020 for example) there is no sign that the bubble in financial assets are going to end anytime soon. Greer has written about this before. Increasingly you will see a divergence between the fi...

Let's put this into perspective. You leave school but the rest of your life is in the workplace. What grades you got at GCSE aren't that important. A hard work ethic, being likable and knowing how to play the game of advancing your career are far more important. If I had kids, I would encourage them...

Agree UE.

Like I said, I feel sorry for the kids.

Let's see what next year's A level and GSCE results deliver. My bet is a massive drop from 2020. Why? Teachers inflated the likely marks of their kids (a clear conflict of interest BTW) and longer term, the 2020 cohort results will be dismissed as junk by employers in the future. I feel sorry for th...

Not my reading. Greer expects a bumpy but gradual slide down the Long Descent path. So yes, certain places will get hit by a civil war, depression or war which won't feel smooth at all for those unfortunate to be directly affected. Greer's take on the EU is interesting. He thinks, long-term, the ret...

https://www.ecosophia.net/the-arc-of-our-future/

Superb update on the Long Descent.

https://www.scientificamerican.com/arti ... -disaster/

A good article as well.

https://www.taiwannews.com.tw/en/news/3951673 Came across this story today. Sounds terrifying. As torrential rains in China continue to wreak havoc on more than 24 provinces, notable Chinese hydrologist Wang Weiluo (王維洛) has questioned the safety of the massive Three Gorges Dam, warning that i...

https://paularbair.wordpress.com/2020/0 ... ilization/

Interesting essay on Covid and our industrial civilization.