Noam Chomsky recently pointed out that if we had a single payer system like all the rest of the world even on our current completely corrupted tax system we wouldn't have a federal deficit. This is remarkable because right now we have to secretly sequester the budget (criminal and non democratic) to hide the losses on the fossil fuel scam.
The fleet of 770 oil super tankers is making half of its trips filled with sea water where it used to make trips both ways filled with oil. This indicates a 50% reduction in imported oil use globally. Green is destroying the fossil fuel industry much more than is being admitted.
1. Medical insurance companies stupidly invest in fossil fuel companies and raise premiums to socialize the regular ever increasing losses of fossil fuel companies. These same companies through inter connected banking insure the fossil fuel industries regular losses and insure its ridiculous 75% of assets that are stranded and conveniently must stay in the ground- that 75% number comes from their economic stranding. This idea that insurance should be used so that it can invest and keep capital from rotting allows non value added non constructive billionaires like Buffet and Gates to rot all the capital they want.
2. Pensions also stupidly invest in the stock of and insure the losses of and cushion the losses of fossil fuel companies. This is a real conspiracy. The same goes for auto and home owners and life insurance. Also goes for banks that all do investment and mortgages now. The same goes for banks, especially the kind that carry derivatives. Plus just look how fraudulent the actual medical providers are now- does anyone think Kaiser Permenente is anything but a fossil fuel loss socializer and tax evasion scheme masquerading as a non-profit and a moonlighting health care provider. The truth about the insurance part of these companies is they are no value added- like almost all of the US billionaire class save people like Musk- yep just a waste of other people's money in the form of unearned income. Much better to use tax to give the income back to the people who actually generated it in the first place.
3. The government subsidizes fossil fuels directly (massively- its not in the billions its in the trillions) and it does bailout wars for fossil fuels to bail out all parts of the fossil fuel supply chain. The Pentagon now has 21 trillion it can't account for released in Snowden papers- how much of that do you think went to subsidizing fossil fuels- it is a good bet that almost of all it did.
4. Fossil fuels create artificial scarcity due to incredibly low thermo dynamic efficiency which is sub threshold and takes us backwards- hollows everything out. The US has this strategy where it thinks it can suppress the petrol output of Venezuela and Iran in order to export its over priced fossil fuel products to people who don't need it because Green is so much cheaper.
5. US trade policy is subsidizing fossil fuel losses because much greener economies, especially those soon to be much greener, have a much lower cost of good than the US.
6. It appears that the point of the Trump presidency was to keep the natural gas derivatives (insurance on bad loans for stranded petrol assets) from imploding the economy again as they were threatening to do. You can look the risk Deutsche bank was in over this.
7. The US is now in 3rd place economically, China is in 1st and that will be permanent if the US keeps clinging to a backwards fossil fuel energy system that cannot every be competitive again. I cringe every time I hear the fossil fuel industry referred to as the energy industry- that is not what it is- it is a pure fraud the greatest fraud in human history- we should have been done with in as soon as we had nuclear but fools, extreme fools saw it as a way of keeping artificial scarcity going. Think of what they owe humanity for that travesty. The saw it as a way to keep the mid east the center of attention, to keep up the mind share for the mid east. All of that is over!!!
The fleet of 770 oil super tankers is making half of its trips filled with sea water where it used to make trips both ways filled with oil. This indicates a 50% reduction in imported oil use globally. Green is destroying the fossil fuel industry much more than is being admitted.
1. Medical insurance companies stupidly invest in fossil fuel companies and raise premiums to socialize the regular ever increasing losses of fossil fuel companies. These same companies through inter connected banking insure the fossil fuel industries regular losses and insure its ridiculous 75% of assets that are stranded and conveniently must stay in the ground- that 75% number comes from their economic stranding. This idea that insurance should be used so that it can invest and keep capital from rotting allows non value added non constructive billionaires like Buffet and Gates to rot all the capital they want.
2. Pensions also stupidly invest in the stock of and insure the losses of and cushion the losses of fossil fuel companies. This is a real conspiracy. The same goes for auto and home owners and life insurance. Also goes for banks that all do investment and mortgages now. The same goes for banks, especially the kind that carry derivatives. Plus just look how fraudulent the actual medical providers are now- does anyone think Kaiser Permenente is anything but a fossil fuel loss socializer and tax evasion scheme masquerading as a non-profit and a moonlighting health care provider. The truth about the insurance part of these companies is they are no value added- like almost all of the US billionaire class save people like Musk- yep just a waste of other people's money in the form of unearned income. Much better to use tax to give the income back to the people who actually generated it in the first place.
3. The government subsidizes fossil fuels directly (massively- its not in the billions its in the trillions) and it does bailout wars for fossil fuels to bail out all parts of the fossil fuel supply chain. The Pentagon now has 21 trillion it can't account for released in Snowden papers- how much of that do you think went to subsidizing fossil fuels- it is a good bet that almost of all it did.
4. Fossil fuels create artificial scarcity due to incredibly low thermo dynamic efficiency which is sub threshold and takes us backwards- hollows everything out. The US has this strategy where it thinks it can suppress the petrol output of Venezuela and Iran in order to export its over priced fossil fuel products to people who don't need it because Green is so much cheaper.
5. US trade policy is subsidizing fossil fuel losses because much greener economies, especially those soon to be much greener, have a much lower cost of good than the US.
6. It appears that the point of the Trump presidency was to keep the natural gas derivatives (insurance on bad loans for stranded petrol assets) from imploding the economy again as they were threatening to do. You can look the risk Deutsche bank was in over this.
7. The US is now in 3rd place economically, China is in 1st and that will be permanent if the US keeps clinging to a backwards fossil fuel energy system that cannot every be competitive again. I cringe every time I hear the fossil fuel industry referred to as the energy industry- that is not what it is- it is a pure fraud the greatest fraud in human history- we should have been done with in as soon as we had nuclear but fools, extreme fools saw it as a way of keeping artificial scarcity going. Think of what they owe humanity for that travesty. The saw it as a way to keep the mid east the center of attention, to keep up the mind share for the mid east. All of that is over!!!