Відео

Excellent interview! Thank you so much for having Ron on the show. 😊

Ugh so disappointed to see the great presentation of Michaux again mingling with the most stupid takes. In short here for an hour we're explained the west is dumb, eager to start a war, and China/Russia are playing the long game. It is SO EASY to also cherry pick another set of facts and explain the exact opposite. For instance, "the petro dollar is dead because of money printing by the West". Well, look at the other currencies. FIAT currencies are used to store value, and you can't find much in China/Russia rushing to put their assets in the Ruble/RMB. So one could think as long as people have value to store, the default go-to currency isn't about to collapse (which in turn explains the US confidence to continue to print so much). Another example, the War. Dr Michaux is a brilliant system engineer, but a terrible consultant when it comes to the Kremlin siloviki dynamics and motivations. And that's too bad, because it in turn makes me question his other great work. Are there that many blind spots there too?

They are building mini nuclear reactors for a.i. And i think tesla is too

If the fashist russia is not buying Tbills it is not weakening dollar. It is strenghtening dollar as a sign that not all western countries have lost values and became spineless weasels who will sell their mothers for some russian oligarch money.

Excellent episode.

Are you saying that the rates will stay higher for longer no matter the inflation?

Why can I only listen to 6 minutes of this on a podcast app and 45 minutes here when it is still only audio?

Thanks. Excellent interview. Puru fantastic. Signed up to his service

What about the future of our children. A Robot can't do plumbing or electricity, but we all need that. What about all the epidemic of loneliness out there, the mental health crisis that social media causes, giving them a Robot to talk to will make them go insane even more

How are the humans going to make a living if Robots will take over. If a Robot will clean a house, a person needs to earn a living to pay for that Robot. Maybe you can invite guests who can talk about the human potential in the future, not Robots. If Robots are replacing low end and mid level jobs, what are the people going to do.

Productive agricultural land and self sufficiency in energy.

Where are the smelters going to get the electricity?

The only years global consumption of fossil fuels did not increase was 2009 and 2020. The rate of increase in the global consumption of fossil fuels is between 1% and 2%. As GDP increases so will the consumption of fossil fuels. It does not matter if that GDP growth is fueled by debt or increased economic activity. From last century economic growth has been increasingly fuelled by debt. Currencies are virtual representions for energy and commodities. Debt is committing energy and commodities from the future at unknown supply or cost. The only economic truth; Supply will meet the demand that has the ability to pay. The global economy is fast approaching not having the ability to pay for both energy and commodities, or debt servicing and repayment.

Few regular members of the public seem to understand how little man-made carbon dioxide impacts on our planet’s atmosphere, much less question the most basic (false) assertion that it somehow does. With such blind acceptance of such a basic error it’s going to cost humanity an awful lot before the penny drops.

Market logic will always default to a race to bottom of instant gratification, markets cant do longterm, Governments can & should do longterm it's their job. Markets cant function long without Government infrastructure already in place such as rule of law {otherwise unfashionably known as dreaded "regulation" }. Government with informed public democratic oversight, on the back of the chain.. independent {not captured by corporations or state interference } university research, open science {raw data public etc}, informs public & civil service {in parallel} ..report to decision makers , proposals put for public debate, either citizens assemblies, parliament votes, decisions made. I agree simultaneous solutions needed on multiple fronts for the meta crisis, reducing collateral damage in developed countries { via taming the market & WW2 effort } & fresh model development of sustainable communities across geography. But issue of eco imperialism - might become a thing as more n more educated good willed! types set up shop in developing world. Delicate balance factors in an increasingly high stakes time running out situation. But what choice is there, acting in good positively with the most realistic starting point is brave & wise... good luck with Purple Transition & variations Simon. Reading the tealeaves i fear this sequence of events: Denial, inertia, confusion, desperation, unilateral acting out by individual states/ powers, chaotic overspill, cures worse than disease, while simultaneously still suffering the disease too. Resulting in resource grab scramble, water wars, minerals, ff vestige etc {ie re NZ nutters thinking might as well have own oil when Madmax kicks off, cus we all missed boat on climate} Reflexive National service, militarisation, rationing, uber techno authoritarianism. some inevitabilities that could go either way Positive cooperative democratic scientifically best guess practice under the constraints of uncertainty, Simultaneous independent grassroots small scale community experimentation in parallel, Negative knee jerk too late ineffective & genocidal blame n grabs Good national /international service - working on mitigation & adaptation [under represented massively in my view} Good Rationing - reducing demand side, while realistic green/circular/purple transition emerges through regulation of manufacturing DfDs {design for disassembly & BAMB building as materials bank} Nationalisation of common infrastructure & utilities Climate modification - proportional least risky with research chain Bad versions of all of these - history shows us & i'll leave as not new - exception of the last. Climate mod, modern tec leveraged & deliberate is What worries me most in the mix of the above positive & negative versions . Unilateral large scale climate moding gets fashionable in corp boardrooms / lobbying desperate goverments with a few mad scientists to lower temps quick to allow biz as usual. With no unintended consequences due diligence studies even considered.

Link to full interview: www.financialsense.com/podcast/20938/art-berman-coal-use-all-time-high-there-no-energy-transition

I used to live in rural San Diego County. I lived through many blackouts lasting 3 to 5 days. For many reasons, I moved out of Commiefornia. I now use more electricity and pay 25% of San Diego's (SDG&E) rates.

Great show!

Wonderful--thank you! The Long Emergency---reminds me of Jim Kunstler. As for how gold could very reasonably back a currency, Jim Rickards has been describing the math for a while. Awesome stats and thinking from Dr Michaux. Love his deft turn of phrase, too.

I continue to be amazed by Prof. Michaux. He combines being a superbrain with a surprising amount of sensitivity to other people. He tries not to upset people, that is clear - and becomes more outspoken when in the company of people who are on the same wavelength, whether they are in full agreement or not. The fact is that complete honesty about the current polycrisis would upset a lot of people, but they do need to toughen up for their own good. Because as Prof. Michaux mentions here, it helps to know what might be coming towards you, even if you also know that you cannot do anything to stop it. It makes you a lot calmer, and less likely to panic. In England, people are starting to use a relatively new term - "toxic positivity" - to describe the fake optimism so prevalent everywhere. Internet searches for the term started in about 2005 but were few in number - then in 2019 they soared up and are still high, though dropping slightly as the term becomes more familiar. Everyone seems to sense that a lot of white lies are being told about Growth having no Limits, etc. People who see the "Bigger Picture" are often not believed by those who can't see it, or have not been trained to look for it. But as a child surrounded by a mix of Bigger Picture types and more "normal" people, I could not help noticing that "normal" people were amazingly receptive to the Bigger Picture if someone was bold enough to draw their attention to it. They might react negatively at first, but most would soon start to go through the door of perception that had been opened for them. Believing pleasant and seductive lies could be humanity's worst failing - it is certainly described as such in the tale of the Fall in Genesis. Adam and Eve did not commit any crime, they just believed that they would become as all-knowing as God if they ate the forbidden fruit. The liar was accursed - but so were those who believed him - it takes two to tango.

this takes into consideration none of the downfield technologies, fusion and aluminium ion being the two main ones, fusion is expensive and going to take time but offers potentially much greater energy yields and is more complex to solve, aluminium is abundant and has 3 ions to lithiums 1, so the strategy is a) short term sort aluminium out and b) long term get fusion done.

Simon, you and I are very much like minded. I hope someday to meet you. Great program again.

Where is the longer interview available, please?

Recycled copper includes what is being stolen by midnight operators.

“That ain’t gona happen” Art is always a necessary reality cold shower to all the wishful thinking and oversold promises out there regarding energy transition and have your cake and eat it too positions.

If you are "stupidly optimistic," (sic), you are just plain stupid.

Thanks for your conversation. While I appreciate both guests’ enthusiasm and expertise in energy and materials, when it comes to geopolitics there is definitely a knowledge gap in geopolitical history. I am baffled by the hostility towards the rise of China being the dominant industrial and manufacturing power in the world. Without a deeper understanding the history of China, the Western allies’ aggressions in China- the unequal treaties: The treaty of Nanking 1842 and the Treaty of Tianjin 1857, when China ceded territories and concessions to 11 Western powers including Russia, the active involvement of the U.S. in China’s civil war, to the recent attempts to destabilise China through colour revolutions…. so on and so on. As Simon says the aggressors have been the collective west. Who would blame China for strengthening itself through peaceful means.

This is a great podcast, thanks. Also, save seeds, we can't eat gold nor drink oil.

I wonder how much Simons view of Vlad is held by his fellow now Finnish friends Pretty poor analysis if you ask me.

It’s quite disheartening that Mr. Bryce, a person I hold in high regard and follow, has been subjected to the utterly unfounded and ludicrous conjectures and forecasts put forth by Mr. Michaux concerning the Russian-Ukrainian war. It’s disturbing that an individual with such perspectives is permitted to educate others. Enduring his discourse can be quite challenging.

very good, thanks

They don't get it Michaux.

Thanks! lots to chew on. Great podcast!

FYI - Professor Michaux has authored the definitive "bottom's up" study on how much "minerals, metals and magnets" will be required to completely "phase out" fossil fuels in an all-electric post-oil industrial economy. And the answer is an all-electric post-oil industrial economy is not possible based on windmills, solar panels and batteries. For details, see his 2021 1,000 page report titled "Assessment of the Extra Capacity Required of Alternative Energy Electrical Power Systems to Completely Replace Fossil Fuels". The report can be found on his website under the GTK reports link.

Incredible discussion blending the technical and geopolitical. Thanks Jim for bringing these speakers to the table.

"insane rush towards decarbonization that has no connection to the physical world"? Really Bryce? Billions of human beings are going to die. Are you on drugs? "I'm going to buy a Generac"! You are going to die because the heat has deprived you of survivable habitat, but it will have been your hubris that killed you while making you complicit in the mass slaughter of billions.

Smack dab in the middle of the start of THE human apocalypse, and Bryce's perceived imperative is how to turn a profit? Despicable. Simon .... why did you not call him out on that blatant display of sociopathy?

Why is the Biden administration so anxious to make our auto manufacturing industry dependent on China? Because the Bidens.took money from China. China has him just where they want him.

Awesome podcast guys Have shared on Facebook Public 🕊🌏😇🌞

It's nice to see Robert Bryce again. I miss his Power Hungry podcast! I'm surely not alone!

The US had its energy independance due to shale tech. I yet have to see peak oil as a driver. Simon links it to inflation but i see more the system collapsing out of itself because of its mechanisms. The US has been greatly made independant because of shale tech. This 'peak oil' is a slippery one as both Doomberg and Simon/Nate seem to have very different views on it..

Commodities based USA citizens sold down river...where are my ships?

One thing folks seem to not realize is that the US will leverage its military might, including blockade of the straits of Malacca.

Nate Hagen et al and yr aussie man here are always talking about 'peak oil', stating it's a given. I don't know. I listen to Doomberg and i get the opposite story. How the hell can a regular person judge this?

Our Western civilisation is so young and ignorant from learning from older civilisations

14:20 14:23 14:26 "Were getting it from Arizona, because *_they have two nuclear plants."_* No. Arizona has only *_one_* uranium-fired power plant: "Every six months, Arizona's only nuclear power plant shuts down one of its three reactors for refueling and maintenance. The *_Palo Verde Nuclear Generating Station_* southwest of Phoenix recently underwent the process." May 10, 2017

That dope who said AI is not creating anything new just proved his ignorance with that statement. Resource mining executives estimate that AI will enable not only the discovery of additional known resources but also the faster and cheaper conversion of known resources to reserves. So, yes, AI does in fact produce stuff that otherwise couldn't have been produced - dummy.

The usd has risen against other fiat doesn't say much. How has it done vs gold or btc?