Corochinavirus News: Oil Goes Negative, Countries’ Death Rates All Over The Place…

(Boosted a bit April 22 2020). For the first Time Ever the most deflationary shock, ever … Last contract for the month of May, when future becomes real delivery on 4/20/2020: the price of a barrel of oil FELL $55 (fifty-five) dollars today… Becoming -$37… Yes MINUS thirty-seven dollars: they pay you $37 if you take custody of a barrel of oil. UNPRECEDENTED. The poisonous stuff is being produced, but nobody wants it anymore [1]. They pay you to get rid of it… like the pollutant it is. 

How To Explain The Differing Death Rates Among Countries?

Milan, industrial capital of Italy, got infected stealthily, yet massively, thanks to the air bridge from Wuhan, the Corochina virus capital. While China cut all flights from Wuhan and Hubei, the air bridge Wuhan-Milan was not stopped. The virus then got into a pretty old population.

Oil Goes To Hell In A Handbasket, as deserved… Yes these are negative prices…

France, like the rest of Europe, didn’t stop the flights from China. The first cases and deaths were Chinese tourists in France. Also some Brits coming back from Asia, and a mass church of some Christian sect in Mulhouse.

Germany, and other Northern Europeans were infected mostly through a very young population of partying skiers in ski resorts (which were lockdowned too late). So, intrinsically, the population initially hit in Germany was COVID resistant. Germany also tested massively and early, differently from France, Great Britain. Germany is now developing its own antibody test (instead of purchasing dozens from… China, as the US FDA has allowed!)

Germany doesn’t count the nursing homes deaths as well as France does. A running recount by the UK government has shown the number of deaths first announced was 40% what the recount showed. So the death numbers are all over the map. Typically deaths at home are not counted (New York has typically 25 deaths at home a day… recently it has run around 150, six times more…)

In other news, the long term death rate was based on the Diamond Princess… where passengers got first class health care from Japanese hospitals, with maximum care on individual patients. Initially the death rate was reported to be no more than 1%… However two months later what we have from that ship is this: 712 cases, 7 in critical care (ventilation), 13 dead. So we get a morality and morbidity rate close to 3%… 

Otherwise measured, it seems the death care is arguably 21% for those catching the disease. Here are the official numbers 4/20/2020: 815,204 Cases which had an outcome: 645,019 (79%) Recovered / Discharged.

170,185 (21%) DEATHS.

Want more of the same? Countries are massively under-reporting.

As the NYT points out in “28,000 missing deaths: Tracking the true toll of the crisis.”

“In the last month, far more people died in these [ELEVEN] countries than in previous years, The New York Times found. The totals include deaths from Covid-19 and those from other causes, potentially including those who could not be treated as hospitals became overwhelmed.

These numbers contradict the notion that many people who have died from the virus might soon have died anyway. In Paris, more than twice the usual number of people have died each day, far more than at the peak of a bad flu season. In New York City, the number is four times the normal amount.”

So what next? Definitely, some individuals relapse, there are well-documented cases all around the world, such unfortunate souls seem to have virus “reservoirs” inside their bodies, and the antibody protection seems far from perfect…. Also the virus attacks the central nervous system in at least a third of the case, and many other organs (and that may cause death directly). It’s known that some viruses can shelter in place inside the central nervous system. Also, in the case of rabies, the immune system counterattack (cytokine storm) ravages the brain… And the same exact mechanism seems at work in some cases of COVID…

Some, many countries have either too much incompetence to count the death properly (say Ecuador), or are outright lying (China). How do we know China’s dictatorship lied? Simple: some cities like Chengdu (capital of Sichuan) were locked down completely, when they had literally 3 cases. All of Hubei was lockdowned, when there were less than 500 cases, worldwide, officially, and 17 deaths… So obviously the Chinese government knew something we didn’t.  

Now this virus has provided us with a demonstration why humanity is not compatible with dictatorship. So China should be encouraged, looking forward, to switch to democracy by being submitted to increasing economic diversification away from itself. For its own good. Like Apartheid South Africa. Apartheid in South Africa killed and oppressed South Africans, but didn’t threaten to kill dozens of millions of people of the world… as Xi’s dictatorship just did.

Patrice Ayme 

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[1] The world has an estimated storage capacity for 6.8 billion barrels, and nearly 60 percent is filled. (That roughly means than the US production would fill it up in around 4 months…) World oil production needs to go down 30% to balance world demand.

Some of the oil glut is evident in Cushing, Okla., a critical storage hub where the oil that trades on the U.S. futures market is delivered. With a capacity to hold 80 million barrels of oil, Cushing has only 21 million barrels of free storage left, or less than two days of American production. As recently as February, Cushing was not even up to 50 percent. Experts say it will be filled to the brim in May.

Monday 20 April, Trump said the government was “looking to put as much as 75 million barrels” into the Strategic Petroleum Reserve, which is used as a buffer during crises (it was created after the 1973-1974 oil embargo). He added he will go ask Congress about it… Some democrats said they will introduce legislation for the cost of putting the oil in the reserve… (At most half a million barrels a day can get in…)

But it gets better than that.

Shutting down oil wells and then restarting them when demand returns requires expensive manpower and equipment. Fields do not always recover their former production (production is a dynamic process, is oil is often actively pushed…). In addition, some oil companies have to keep pumping, even if they are losing money, in order to pay interest on their debts and keep on functioning (oil workers are fickle).

In late 2019, the US produced 13.3 million barrels of oil a day.

 

 

Nature Collapsing, Plutocracy Thriving

Both phenomena are related. The more nature collapses, the more plutocracy thrives (see the multi-centennial fall of Rome, for reference). Small people and other losers have no interest to see nature collapse. However, plutocracy does. Because Pluto-Kratia, Evil-Power, is best expressed and justified during war-like states, and civilizational collapse sure qualifies.

Plutocracy survived the collapse of the Roman and Carolingian empires with flying colors. In the Roman case, most noble families had a bishop in their midst. The collapse of the Renovated Empire of the Romans (Renovatio Imperii Romanorum) and its renewal by the Ottos and Capets brought the feudal order, another plutocratic success.

Now is no different: we have a terminal CO2 crisis bringing in extreme, sudden temperature, acidification and ocean rises: 1% of US CO2 is from state subsidized private jets. Nobody notices, because media have made sure to create entire generations just preoccupied by celebrities, not by what is going on, which is really most significant.

Nor has the media been keen to notice the likes of Biden annihilated the Banking Act of 1933, in the 1990s, bringing in in the age of the financial plutocracy… itself a heavy financier of fossil fuels. So all what some schools are thinking of is installing “Apps”, and plastic grass, instead of teaching sustainable global citizenship. We are cruising towards an apocalypse, at an increasing pace: the Sixth Mass Extinction. The United Nations just came up (May 6, 2019) with an analysis made by 132 countries and 455 scientists: one million species are disappearing. For example, nearly all amphibians.

https://www.cnn.com/2019/05/06/world/one-million-species-threatened-extinction-humans-scn-intl/index.html

One problem with burning forests in the tropics is that what is left are often extremely poor soils (differently from northern European soils, which are very forgiving, explaining in great part why north west Europe replaced the Greco-Roman world…) Cattle grazing on a tract of illegally cleared Amazon forest in Pará State, Brazil. In most major land habitats, the average abundance of native plant and animal life has fallen by 20 percent or more, mainly over the past century,,, [Credit
Lalo de Almeida for The New York Times]In Africa, burned forest is often replaced by lateritis, a soil which is red, baked, hard… for the good reason that it is full of Aluminum.

It is the Sixth Mass Extinction, but this time the dinosaurs have thermonuclear weapons.

What to do? Get involved, get aware, protest. Protests can become unbearable to the powers that be.

This is the way the fascist government of Brunei on the island of Borneo was just dealt with. It drew powerful international condemnation when it rolled out its interpretation of sharia laws on April 3. Now, the Sultan of Brunei, Hassanal Bolkiah, reverted his decision: after all, the country won’t enforce Islamic laws that include stoning to death for rape, adultery and gay sex.

Killing all the people who got killed in World War Two was atrocious. However, what is now unfolding has the potential to be way way worse. Einstein said he didn’t know which weapons will be used to fight World War Three, but next it would be sticks and stones. That was naively optimistic. If we acidify further the ocean with acid from CO2, we may kill the Earth’s oxygen making mechanism. Not really news, as this was clear five years ago already:

https://patriceayme.wordpress.com/2014/05/30/global-hypoxia/  

Many behave as if there will be no tomorrow, because they feel that way! It’s a self-fulfilling prophecy, it has to be resisted.

What’s needed, beyond recording what’s going on, is interpreting it, going beyond, building ideas, and moods meant to last. Only deeper thinking can do this, and ensure a planet capable of lasting. Because we are not at the regional level anymore. When climate change, plus nefarious human impact, forced the Harappan civilization to abandon its homeland, the Indus valley, it was dealing with forces it had no idea existed. Maybe there are such forces out there. But there are also plenty of forces we can see, and which are plenty lethal enough, at civilizational scale, and the scale of the entire biosphere. Stop. And think. One million species are marching towards extinction, among the plants and animals we know.

Patrice Ayme

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From NYT:

WASHINGTON — Humans are transforming Earth’s natural landscapes so dramatically that as many as one million plant and animal species are now at risk of extinction, posing a dire threat to ecosystems that people all over the world depend on for their survival, a sweeping new United Nations assessment has concluded.

The 1,500-page report, compiled by hundreds of international experts and based on thousands of scientific studies, is the most exhaustive look yet at the decline in biodiversity across the globe and the dangers that creates for human civilization. A summary of its findings, which was approved by representatives from the United States and 131 other countries, was released Monday [May 6, 2019] in Paris. The full report is set to be published this year.

Its conclusions are stark. In most major land habitats, from the savannas of Africa to the rain forests of South America, the average abundance of native plant and animal life has fallen by 20 percent or more, mainly over the past century. With the human population passing 7 billion, activities like farming, logging, poaching, fishing and mining are altering the natural world at a rate “unprecedented in human history.”

At the same time, a new threat has emerged: Global warming has become a major driver of wildlife decline, the assessment found, by shifting or shrinking the local climates that many mammals, birds, insects, fish and plants evolved to survive in. When combined with the other ways humans are damaging the environment, climate change is now pushing a growing number of species, such as the Bengal tiger, closer to extinction.

As a result, biodiversity loss is projected to accelerate through 2050, particularly in the tropics, unless countries drastically step up their conservation efforts.

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Extinctions

American Megafauna Gone Extinct In the Last 20,000 Years. Arctodus Primus, Megatherium, Smilodon. For the scale, the whitish American Lion is 30% larger than today’s African lions.

A characteristic of today’s biosphere is that most wild megafauna has gone extinct. The culprit is Homo Sapiens in general, and civilization made the situation worse. However, 40 years ago, if one suggested human beings had annihilated the megafauna, one was viewed as unbalanced, unscientific, a conspiracy theorist, grandiloquent, megalomaniac, etc.

Nowadays, though, detailed chronologies have shown that, indeed Homo Sapiens caused many extinctions. I hold that Homo Sapiens caused directly most extinctions of the last 100,000 years. And, indirectly, the rest.

Some have held out against this global extinction theory. They brandish the case of Africa, where the megafauna had survived until recently.

I will presently extinguish this effrontery. Africa is extremely hard to penetrate. The African tropical forest is much darker than the darkest cathedral. The sahelian and subsahelian zone are crisscrossed by “forest gallery”, along the countless streams. Forest gallery is extremely dark, thick, full of dangers, from nasty predators to tsetse flies. Thus, to go ten kilometers in Africa is extremely hard. The streams, when any, are dangerous to navigate, from mosquitoes, to crocodiles, to man-eating, blinding worms. Forest galleries provided shelter to predators, including lions.

(Once I walked next to a lion, 2 or 3 meters away in a very thick thicket, when approaching, precisely, a river, in a sandy, open area; because of the openness, we did not pay attention to the thicket. What was a lion, we guessed, because we did not really see it, jumped away to great sound and fury; the point is that nobody in my party suspect a lion was indulging in a siesta in such a place.)

Moreover, in Africa, animals were in contact with men, for millions of years. So they evolved their own cultures, transmitting it to their children. It’s not just a matter of fearing man and running away (because a fleeing animal could run into other animals, or other men). A culture to live alongside human beings required mutual respect.

Lions, hyenas and even leopards know very well who men and their children are. They act accordingly, in general, except in exceptional cases.

I have given sugar to enormous jumping wild African dogs; I would throw the sugar up in the air, and the dogs would catch it at an extravagant height, with an impressive metallic snapping of jaws. Any other animals, those dogs would take down. Wild hyenas have also accepted to be hand fed by human beings. Hyenas’ relations with other animals are extremely adverse. Their jaws are feared by lions and dogs alike. The same is true with cheetahs: they readily domesticate. I have sat, as a ten-year old, in the back of cars with cheetahs larger than me. Cheetahs can take down a huge impala in a second, but they don’t attack people.

So this is something I noticed in the wilds of Africa, again and again: the most ferocious representatives of the megafauna there , know very well who human beings are. They will not just think twice before attacking a human child: generally, they will not do it. One does not attack the gods, if one is a well-educated, normally behaved member of the African megafauna.

In the Americas, as human beings swept in, fast, lethally, and suddenly, mutual respect cultures could not evolve: archeology shows that it would take at most 300 years for human beings to kill the entire megafauna of a region. In Eurasia, there are giant killing grounds of horses, mammoths, etc: this means human beings killed animals there, for thousands of years. There are no such places in the Americas.

So human beings did it: they exterminated the megafauna. That’s not just a fact, it’s a warning. First the megafauna, now the rest of the biosphere?

Patrice Ayme’

 

Islamist Attacks Brussels

I heard there were two very powerful explosions at the airport. An unused explosive outfit was also found. An hour later the Maelbeek subway, 300 meters from the EC main building, exploded. More than 35 killed, 200 wounded, many very grievously. (Such coordination is achieved thanks to encrypted Apple I Phones, and the like; as we will see below, US plutocracy did not just bring you Islamism, it makes it safe, for terrorists; don’t worry for the Apple Plutos, they are also safe, in their private enclaves protected by their own private security forces.)

Recent policies played a role: four terrorists, at least, joined the refugee flow to make the attacks in Paris (two exploded themselves). They had nothing to do with France, aside from the explosive desire to kill human beings in France.

However, the greater problem is much deeper than that, as I have documented in countless essays. The gist of it is this: if one reads the Qur’an and the Hadith very carefully (as I have) one discovers that, from the very beginning, Islam was conceived as an ideology to attack the Greco-Roman West (and even then Zoroastrian Persia). The Prophet Muhammad explained that, after a tough and long war between Rome and Persia, it was time, the first time in a thousand years, when the Arabs will finally be able to raid the civilized world (the way they used to, before).

Those who have finished agonizing are at now peace, in Brussels airport, thanks to the religion of eternal peace

Thus, from the beginning, Islam was conceived as war ideology against civilization.

Thus, where does the notion that “Islamophobia is racism” come from?

In the 1930s, American plutocrats, fossil fuel magnates, made an alliance with Ibn Saud, who was in the process of finalizing his acquisition of Arabia by force. The Saud family had, since the 18C, made an alliance with Wahhab, a fanatic Salafist Fundamentalist.

Islam Fundamentalism had been made unlawful by the Kurd Saladin, Sultan of Egypt, in thle 12C. The penalty for preaching it was death.

Wahhab’s fanaticism gave a religious excuse for the Saudi to use divine violence.

In the 1930s, the Saudi dictatorship gave an excuse for the oil men to make Saudi Arabia into their thing, no question asked. In 1945, president Roosevelt made the alliance with Ibn Saud official; the Saudis would recycle their profits on Wall Street (and, later, London). (Meanwhile the Muslim Brotherhood in Egypt was getting Saudi financing and Nazi help.)

This very profitable system was quickly extended by US special services and the like: the CIA promoted the Muslim Brotherhood in Egypt and the Shia in Iran against Prime Minister Mossadegh. Mossadegh wanted to partly nationailze the big British and American companies in Iran. The CIA armed, financed and excited Ayatollah Khomeini and his subordinates.

At the same time, the USA pursued Roosevelt’s wilful and determined program to eject France (and thus Britain) from all its zones of influence (using the Muslim approach).

In Pakistan, the CIA pushed the state toward Islamization. Then Pakistani Islamists were used to destabilize Afghanistan where the government was keen to exploit its underground riches in cooperation with France and Russia.

That was not enough, so on July 3, 1979, president Jimmy carter gave the secret order to the CIA of attacking directly Afghanistan. The CIA and the SIA (Saudi Intelligence Agency) went to find Bin Laden, a young engineer and heir known for his Muslim Fundamentalism. He was put in charge of fighting the Soviets in Afghanistan, with Saudi and American financing. Algerians were also trained to fight there. They went back to Algeria to fight the government, and even society, constituting the GIA (Group Islamiste Arme’). France intervened discreetly (giving the green light for the army to block elections, and providing training and equipment). More than 200,000 were killed… in Algeria alone.

And so on.

As Picard says, we are confronted to a mess, a mix between a conspiracy satanic (Pluto!) between fossil fuel Western plutocrats and deeper feudal, and organized crime forces.

So where does the “Islamophobia is racism” slogan come from? Famous, but, fundamentally second-rate, philosophers in the West (and their even cheaper spiritual descendants).

After 1945, many of these thinkers for hire, who used to love the Nazis or Soviets a few years earlier, fell in love with all things American. Thus they produced a philosophical system which seduced Washington and Wall Street (when not Moscow).

Not that there was a contradiction between Soviet Moscow and Wall Street’s Washington: when Israel, France and Britain decided to attack Nasser (shortly before supported by the CIA), Moscow and Washington became allies: Moscow invaded Hungary, threatened to atom bomb Paris and London, while the USA, by acquiescing, implicitly threatened the same, while explicitly making other threats, and had France and Britain condemned by the United Nations General Assembly.

Thus, what we are confronting is not just terrorism, but a form of mental corruption which has undermined Western thought, intimately tied up with the powers that be. Preaching Islamist terror should be viewed as accessory to mass murder. Plutocracy and its mental conspiracies is an even deeper ill… which does not bring just financial crises, inequality and impoverishment. It brings a weakening of all mental faculties, including those of the heart.

The Islamist State said: “Islamic State fighters carried out a series of bombings with explosive belts and devices on Tuesday, targeting… the Belgian capital Brussels, a country participating in the coalition against the Islamic State… Islamic State fighters opened fire inside the Zaventem airport, before several of them detonated their explosive belts, as a martyrdom bomber detonated his explosive belt in the Maalbeek metro station.”

Why do these Muslim terrorists want to die as “martyrs” so much? Why not just to drop the explosives in a luggage? (As one of the bombers, the man with the hat, did?) It’s not all about the fact that the Qur’an said that Muslim martyrs dying for god will go to paradise (bypassing Final Judgment by god). It’s also about the fact these killers have had to live in the world. They have had to go through the crowds of women, children, old people, and they had to decided to kill, maim, and hurt them all. It’s hard, even for monsters. How to you decide to explode a three-year old child? Well, you distract yourself by your own death, and by deciding your cause is so worthy, not only it justifies killing three-year olds, but also, oneself. Besides, how could they live with themselves thereafter?

[This post will be modified eminently, with links added.]

Patrice Ayme’

WHAT’s WRONG WITH THE ECONOMY?

The strategy. The tactics. Everything. Since 2008, the central banks have created money. Why? Key actors of the economy lost too much money in 2008 to keep on functioning. Some of these actors: banks and “shadow banks”.

How did the central banks create money? Mostly by buying government debts from the large private banks. The banks thus made money. Who caused the 2008 crisis? The banks. Thus the very strategy used is Orwellian, and promotes a vicious circle. Upon closer inspection, the situation deep down inside is more of the same and even worse.

The result has been a faltering of economic growth, a creeping destitution of the 99.9% in the West, and the blossoming of colossal inequalities and corruption, worldwide:

Inequality Has Brought Down World GDP Growth. And Bringing That World GDP Growth Too Low Brings War

True, banks are more regulated than in 2008 (but much less than before the Clinton presidency brought devastation to the regulation of finance!) However, a large, maybe the largest, part of the banking system is “Shadow Banking”. That’s not regulated. By fostering fiscal heavens and anonymous financial entities, Great Britain and the USA are actually expanding the “Dark Pools” of money which feed “Shadow Banking”.

So what have the banks done with the money generously given to them by central banks? Did they invest it somewhere fabulous? No. There has been no new technological, industrial, economic, social breakthrough which needed, and provided with, the opportunity of massive investment.

(There were some efforts towards “sustainable energy”, but those subsidies and regulations are dwarfed by those in favor of fossil fuels, which total 5.5 trillion dollars, according to the IMF; the key is fossil fuels do not require much new investment, including in research, development and education as new energy sources would.)

No new nuclear program was instituted (say replacing all old reactors with better and safer ones), no thermonuclear powers plants (although a crash program would have probably produce those already), no massive space program (comparable to Apollo in the 1960s).

Even biomedical innovation, hence investment, has petered down (research has been smothered down by marketing, regulations, and cut-throat academia producing poor research).

But, mostly, there has been no new construction program in housing and physical infrastructure. Oh, there is a massive need: the dearth of housing is why real estate is getting out of reach of the middle class, in the top cities, worldwide. (Moreover one can now make positive energy buildings, which produce energy.)

And don’t forget public education has been let go to waste, in the leading countries (with few exceptions: Switzerland, Canada…) It is as if the leadership in the West was afraid that We The People would get knowledgeable and smart.

So where did the money the banks were given by the central banks go? To hedge funds and the like. To the industry of HOT MONEY. One day they buy this, the following week, they sell it, making money, both ways (thanks to financial derivatives). The money created by the banks (which are better regulated, as I said), at this point, once given to financial manipulators, escapes regulation (that’s the whole idea).

“Leaders” know about this. But they obviously intent to keep on getting money from shadow financiers. An example: Obama did not try to tax “carried interest” by hedge funds (although Donald Trump proposes to do so!)

The leading states (USA, UK, EU, China, Japan, etc.) believed that to provide money (“liquidity”) would relaunch the economy. Absent this, massive devaluations would help. Thus Japan devalued by 50%, undercutting South Korea and China severely.

Meanwhile the IMF has allowed these competitive devaluations, following the advice of economists such as Friedman, Krugman. However, this is tickling the tail of the worst devil. War. Economic war is the first step to all-out war, indeed. Competitive devaluations are a form of war.

And what’s the main mission of the IMF? Preventing economic war between the states. This is why the IMF has been created in 1945: “The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”

Thus the IMF is failing to do its main job. Notice that many American economists, from Friedman to Krugman, in their anti-European frenzy, have pleaded FOR the economic war of (European!) state against (European!) state, thanks to competitive devaluations.

Notice too that Abenomics, the devaluation of Japan, has not had much of a dent: Japan is still mired in stagnation, no doubt still afflicted by its main problem, the collapse of its population (a problem many developed countries have, especially in Europe; the USA and UK have escaped demographic collapse, mostly through massive immigration).

The world economic strategy reflects the mood of the times: the so-called “free market” is all the thinking and activity we need since Ronald Reagan. That’s in contradiction with policies followed by Colbert, Henri IV and Sully, or even emperors Diocletian and Darius. (Darius reigned over Persia 25 centuries ago.) They, like Julius Caesar, thought that the economy had to be governed by the state.

Will China try a massive devaluation, a la Abe in Japan?

Since 2008, the governments, mostly in the West, have been cowardly. The USA suffers from massive inequalities (and no, Mr. Obama, the situation is no as good as eight years ago), the European Union suffers from too much regulations (including at the level of services, where the European UNION has not been implemented), China is a dictatorship which became richer by exploiting workers relentlessly, etc.

Those competitive devaluations and lots of money sloshing around have been addictive: central banks engage in them, to give the states space, and the states, momentarily relieved, put off necessary reforms.

Inequalities suck up “liquidity” (so power and means) from average people, while putting huge amounts of money, and power, under the control of a few hands. And this money is invested in liquid investments, instead of serious things such as massive, affordable, state of the art housing and cities. Thus this money slosh around the world, like the waves of a tsunami, devastating all it touches (example: Greece, Spain, Portugal, Ireland, Iceland, etc.).

The reason the crisis goes on is the confusion between symptoms and disease. That the main actors in power have interest not to understand the nature of the crisis explains why understanding has not been fostered. Thus very few economists have seen it, let alone politicians. (From Obama down to Nancy Pelosi, Krugman, and countless “Republicans”, but also French Socialists, EC bureaucrats, USA universities professors, most actors of influence have interest to sound as intelligent as cows watching a train pass.)

How did the world come out of the slump of the 1920s to 1940s? Through reconstruction in the “30 glorious years” after 1945. Reconstruction from total war. Something to think of. One thing: many countries are on the verge of implosion. One culprit? The obvious world devaluation blatant in the collapse of the price of oil.

What is the way out of the world socio-economic crisis? The same way as it was done after 1945. Massive social, educative, health and construction programs in the West,  building a useful economy, by taxing those who create the inequalities, and grab all the economy, and opportunities to themselves.
Patrice Ayme’