Comments by "david devlin" (@Art-is-craft) on "Zeihan on Geopolitics" channel.

  1. Printing trillions had nothing to do with the inflation being seen.
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  2. The cost of producing goods at scale in the US is not as expensive as people think. When producing billions of products the cost comes down drastically with a fully developed infrastructure.
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  3. The economic benefits are debatable.
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  4. Now back to reality. Sweden has a lot of immigrants but they do not make up the whole country. Sweden has a large degree of independence and can function to a higher degree by them self.
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  5.  @jazznik2  The infrastructure and power requirements to build such a sea level supply system is extraordinarily expensive.
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  6. That’s what happens when an economy is centrally planned. There is not engine to drive jobs so that young people get a start in life.
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  7. It has nothing to do with the US as a partner. German culture is dictated by geography just as Russia and China are. What you think Japanese a British culture is built around maritime by accident?
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  8. It’s the middle of summer the place should be buzzing right now.
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  9. Europe is no a single country. There is not going to be one European wide problem. Certain countries will start to have different issues and different pressure points.
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  10. Ireland has an extremely powerful lobby it is so powerful at a cultural level that the White House celebrates St Patrick’s day. That simply cannot be under estimated.
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  11.  @person1858  It takes several generations to rebuild a population and culture. And that assumes every thing is calm.
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  12. I am going to say something that most people do not like. Just go and try for a baby. Do not think about economics just do it. Nobody can predict the future.
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  13. That is the exception not the norm.
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  14.  @BobfromSydney  Singapore is not a micro state and neither is Malta. They are small counties.
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  15.  @currentaf8455  It is different going forward because the US will be lowering its presence in certain regions.
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  16. The studios are at near failure point in Hollywood. Most of this was a series of own goals by the studios. They stopped making proper cinema productions in favour of jumped up art house movies that were all about preaching politics.
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  17. The US has weapons of that nature already in its navy. The difference with what Peter is taking about is that the weapons can work independently in deep water naval warfare which can take place over a million square miles. The types of weapons you are referring operate on specific non dynamic targets in coastal or land warfare.
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  18.  @someshrao8267  That all reinforces Zeihans points. It is all for India not for exports.
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  19.  @Wulverion  The US could double it again and not move the needle.
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  20. Germany will fail economically but that does not change the fact German can enter war. The same applies to china. There are still a few million men in German that could wreck havoc on Europe. Before WW2 Germany was an economic mess that still laid ruin to Europe. Do not confuse economics with war. Rome was still able to wage war even as it was in decline.
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  21.  @effexon  Javelins have a theoretical range of about 10 km. if that technology was to converge with drones and forward operations then there is no reason why a launch vehicle or small team cannot act as a mobile launch base that forward teams can provide target acquisition to the launch teams that are far out of sight.
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  22.  @MichaelCooney-zh8je  Ireland has over 60% of its exports going outside of the EU. It is myth that Ireland’s development was down to the EU. Ireland started its development in the 1940s long before the EU was even on the table. If Irish exports were to stop with the EU it would hurt but it would not stop the development of the economy as other things would do that.
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  23. He is predicting cost pressures on German energy. If you do not believe the lack of cheap Russian gas will not impact German industrial cost then you risking a massive shock. Once German out put goes into decline it will not recover.
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  24. There military culture has formed around the ideology of volume of attack rather than precision.
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  25. There is no contradiction only people’s ignorance on this topic. Germany will fail economically and still be able wage war. Just as Russia is doing today.
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  26. Not likely. India is not going to be a world factory like China so Australia will not be exporting the same levels of raw material to India.
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  27. The US was always energy independent. People are confusing economic behaviours with that of raw energy sources. Sometimes it is cheaper and more geopolitical to buy energy from other regions that to use ones own resources.
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  28.  @raindancer80  The biggest problem the EU has is the fact it became a political project rather than being a regional states project. The parliament and currency has become a massive weight around Europe’s neck. The common agriculture agreement and common fishing zones are a mess.
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  29. The US does not have a shortage of water it has limited infrastructure that is not fit for the current population and was built for a population of half that. Both Mexico and the US need to develop their infrastructure.
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  30. @flyveto457 Of course it helps Russia is failing and still able to wage war. Germany was a failed economy post WW1 yet was able to start WW2. Do not under estimate Germans ability to revive its economy and focus all that manufacturing on war.
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  31. Cannot prepare that is the problem. The amount of energy storage required to ride out the lack of Russian supply is several orders of magnitude beyond the current system. Germany has a ten year reserve supply of energy so they can keep the lights on and not freeze to death but that is not the same as producing millions of cars on cheap energy.
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  32.  @antpoo  Ireland as a GDP of 500 billion with 2.5% of that equating to 12 billion per year. That would allow Ireland to have defence force of about 50000 personnel, 25 patrol vessels, 100 aircraft, missile defence system and so on. Not that hard for the Irish government to defend its ethnic existence. Is your next question why anybody would want to invade Ireland?
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  33. Sweden had industry but it was not a modernised industrial country like the US, UK and Germany. It did not become a western industrial country until post 1930s.
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  34. ⁠ @Nick-bh5bk  It really depends on what you call a smart missile. An embedded computation guidance and targeting system that can use real time pattern analysis is more than likely what people are referring to. The thing about weapons like that is they are only really used on dynamic hard to hit targets such as moving vessels or specific artillery that is moving around the battle space. In a war the US will be using them to counter specific naval vessels but will not be using them on conventional infantry targets. When you consider that US dumb missiles are actual precision weapons and are more than like ahead of supposed near peer smart missiles it changes the outlook. Saturation attacks do not work in deep naval warfare.
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  35.  @y0k0z00na  You disagree because you do not understand the cultural geography of Europe. Once Germany builds those capabilities they just do not magically go away and history has shown that some dominant hierarchy 😮will rise in the German cultural world that uses those infrastructure in some fashion. Before WW1 nobody believed that Europe would end in such a war.
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  36. It is better to rebuild and go through hardship than to replace an entire culture that will change a place. That is just reality. Countries that do replace a population with outsiders tend not to survive.
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  37. I will not be going over.
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  38. That has zee outcome in Australian economic infrastructure. And is more of a demonstration of how regulations frame works make it very difficult for developing the Australian market. Australia right now is in the grip of welfare state frenzy.
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  39. There is no US power grid.
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  40. I would not boast about any of this as of yet. European energy is about to become very unstable over the next coming decades.
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  41. Estonia is Nordic.
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  42.  @Everydayheresy  As the previous person pointed out US assets are so deep that creating extra money to the national balance sheet has negligible effects at the current scales. You do understand that the money is not actually printed up?
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  43. The states with water issues in the US just have bad infrastructure.
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  44.  @tompumpernickel  You are underestimating the traits of German culture. Every culture has their own unique traits that have been shaped by geography. Germany could turn its military into a very serious force in just five years if there is a single agenda at play. Look at how quickly German political sentiment changed with the invasion of Ukraine. Once Ge4many builds the infrastructure it will not just disappear and all it takes is for a new hierarchy to rise and that powerful collective German spirit is not looking so weak anymore. Do not underestimate the forces at play.
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  45. They are being stopped when they go toe to toe with defence systems. When there is no defence system they obviously make it through. That applies to any weapon system.
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  46.  @MichaelCooney-zh8je  In regards to the GDP figures those have already been cleaned up if they were not cleaned up GDP for Ireland would be in the trillions.
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  47. That water processing would be part of the industry.
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  48. Would that be the same climate change predictions that claimed London would be gone by now?
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  49. It does not mean physically aggressive.
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  50. A production that is creative, efficient and provides audiences with their desires will clean up.
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  51. But a country/culture has to have a replacement generation or it all stops. That is just reality.
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  52. India has equipment from everybody including the US. Indian choose to buy where they wanted from
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  53. It is not a reactive current affairs channel.
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  54. The audio is fine.
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  55.  @patrickweaver1105  All that chip fab is based on US technology. Even ASML functions on that US infrastructure. The chips that everybody seems to think is so special is fundamentally a 60 year old US technology.
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  56.  @noodlyappendage6729  70% of the Irish American population are catholic. Of the 30% that make up other Irish Americans such as Ulster Scots still adhere to a culture of Ireland. You will find that infusion goes back the other way as well with Ulster Scots traditions being absorbed by catholic Irish Americans. Funny that all the devisions that occur in Irish culture simply not present in Irish American culture.
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  57. Japan has an economy that has manufacturing that is focused on automation and exports. Japan has lots of products that are kept low in price.
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  58.  @gregorymalchuk272  US gas is not about to run out. That is absurd.
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  59.  @antpoo  You think a defence force is the last thing Irelands needs?
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  60. So how are these robots going to buy products and services?
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  61. What makes you think the young think of their future? Most young people think they will be young for ever.
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  62. You’re confident the weather will be fine. Listen to what you are saying. When has there ever been confidence in weather.
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  63. That gas reserve only guarantees that the system does not collapse. It does not guarantee industrial energy stability.
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  64. German for several decades has not been at population replacement rate. A 25% reduction in population of workers is going to cause chaos.
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  65. It is not just the political parties that are to blame for the apathy. Australia was later the welfare state game and is now in the middle of a welfare state frenzy that is being driven by the media. Any political party that deviates from this get trial by media.
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  66. I cannot see Mexico having the resources and capital unless the US backs the project.
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  67.  @Vmurmur  How does automation buy products.
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  68. It is market jargon that helps to keep the conversation simply in a very complex field. The chips do not actually have 7nm transistors as that would name molecular scale devices. Do not be so harsh when having these conversations about chips. It is just good communications description to say nano meter.
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  69.  @AutoMattOn  Trump was not the candidate.
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  70.  @stephenandersen4625  No the are a certain feature size not the overall size.
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  71.  @BasePuma4007  Such changes have to be slow and gradual to allow those coming in to assimilate. Trying to do it in 10 years is a disaster in the making.
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  72. Earth quakes require tectonic movement and fracking would have zero impact on that. Lighting a match would be about as impactful.
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  73. What most of you do not understand is that heating houses is not the actual crisis. I suspect some of you do not listen to or have read all of Peters work.
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  74. Not even close to being true. Do not confuse a career with academic qualifications.
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  75.  @TomTomicMic  It is not entirely true that there cost is lower. As a population becomes more elderly the costs of healthcare sky rocket so most of their budget is actually focused on older care.
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  76.  @tallshort1849  US has a 95% insurance coverage which most people can use private clinics. Most people in the UK would love access to private clinics.
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  77. There is always going to be a human that is creative and makes something people love.
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  78. Australia will not move forward until it is at crisis point. The politics of the welfare state is too heavily baked in for change at this point.
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  79.  @guyhickey3343  The US processes the Oil for Canada.
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  80. US has large and most developed reserves in the world.
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  81. In the not so distant future you will be able to choose what actor or director is in your movie night and you will be able to choose what type of story you want.
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  82. Most people that focus on US debt tend to ignore US level of wealth and productivity.
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  83. Peak oil is dead and has been for a long time.
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  84. I think they are sports glasses designed for the snow and reflection.
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  85. The initial cost and supply inconsistency that arise cause problems with inflation.
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  86.  @bk99911  EV’s are junk. And most people cannot afford them.
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  87. So whose economy is this new digital currency going to be based on?
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  88. None of that policy will create better food.
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  89. These things take decades to play out.
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  90.  @thermite547  Once a decline starts it will cause instability which will feed into the decline and so on. In a normal economy that has a stable population an economic crisis has a balance which is a productive population that can buy and produce.
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  91. The European company you are alluding to is ASML that operates on US licences and have US clearance to use that US technology.
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  92. What is he wrong about exactly?
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  93. He means super power in that region not on the world stage.
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  94.  @mntlblok  How he knows that is by the current configuration of the US Navy and also the cultural state of American. The US does not have enough vessels to patrol all the danger zones and what it has in planning will not fill that void. The US is going to work with local partner Navy forces but those are going to be very specific.
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  95. What is there positive to say about a European demographic collapse?
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  96. None of that will counter the collapse in European market activity.
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  97. The EU needs rebooting. It never should have strayed from being a regional states zone. There are massive structural problems with CAP, fishing, euro and the weak ineffective parliament. It maybe beyond repair at this point. The vast majority of European countries are in demographic collapse so the pain of that will be felt equally through out the region
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  98.  @jkin1447  What makes you think a society can just replace its lack of children with foreign cultures?
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  99. TMSC exist on a licence agreement where the US state department gives permission. RISC processing is a US developed system.
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  100. It is to stop the market from being flooded.
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  101.  @YAMAHA1  There should be treatment hospitals and special mental health hospital to deal with most of it. But it will not deal with recreational users.
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  102. Fossil fuels will still have their place. They will be a marginal player in a nuclear powered economy but they will still play their part. Clean coal plants, natural gas, solar, wind and nuclear will all play their part.
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  103. By theatre you mean live theatre or do you mean cinema. It would be naive to think audiences that like pre recorded media such as cinema would switch to live theatre.
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  104. There was also a renaissance due to the discovery of Roman philosophy that was the foundation of that creative period. It meant everything from water supply, irrigation, food production, building designs and so on experienced a revolution. Even the sciences experienced it.
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  105. It is not the end and will just be a period or era.
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  106.  @Gridlocked  It would not even be a contest. The US can saturated any battle space on earth from multiple service platforms.
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  107. Small tactical nuclear weapons would also be used to saturate airspace to stop a large scale nuclear strike using hypersonic missiles and as such do not need to be accurate in tracking.
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  108. That is not even close to true. The US has its own oil and gasoline production. The reason Canada sends its oil to the US is for petrochemical processing.
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  109. US social security has too many non insurance aspects to it. That means it is based on contributions and then withdrawal. It has no mechanism for real world market growth. if it had 5 trillion in it growing at 6% per year that would have a fund that is worth 28 trillion in 30 years of growth. Private pension funds and private investments are the balancing factor on that.
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  110. Winter starts in November and lasts December, January with feb being the first month of Spring.
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  111.  @lc5176  No Ireland needs a land based defence force and can easily afford it.
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  112. It has nothing to do with women’s education.
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  113. The cinema industry has collapsed because the big four studios have gone into decline at both a financial level and creative level. This is in no way connected to streaming services. The irony is tha streaming services are using the remnants of the studio system to kill off the studio system.
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  114. France has a stable population. In other words France has the same number of 15 year olds as it has 55 year olds. Spain, Italy, Germany and Netherlands do not.
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  115.  @petergrandien1440  Having a successful business or individual does not make a country industrial. Sweden by US and UK comparison became industrial in the 1930s.
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  116. It drives up the cost to the point of impact on retail costs.
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  117. So you think Brazilian demographic collapse is going to keep all of Brazil stable?
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  118.  @TheMrCougarful  Sorry but no consumer no production. It is not a technical problem it is a lack of people. Germany has to shrink its production to match consumption.
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  119. People think of GPU and CPU as the packaged product and think there are real difference between the different models. The fabricated integrated circuits that the chips are based upon are all the same with some tweaking.
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  120. Survive? Most people in Ireland have very expensive lives. Most you people cannot get on the housing market and hospital emergency wards can have 24 wait times.
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  121. What on earth has any that got to do with the Middle East
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  122. American interest in regional domination as more to do with American security. America tried to be uninvolved but it backfired.
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  123.  @roland20002000  He was talking about satellites but also naval targeting.
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  124. Vikings had an inflation rate of 0.1% or so they said.
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  125.  @Ramirez83786  The low birth rate has been at play for 50 years.
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  126. The answer is simple the US to include is military, Navy, states and federal government need to develop the system.
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  127.  @jakubkoscribe5475  Europe is not able to solve such problems due to the fact it is made up of 20 different cultural economies. Europe should have stuck to the concept of a common market rather that taking on too many roles. The EU performance has been dreadful at best.
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  128.  @cartmann227  What European Union politics does is paper over the cracks and pretends they are not there.
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  129.  @DoddyIshamel  USA and India are single countries who struggle with various issues. The EU is 27 countries with no solutions all pulling in different directions.
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  130. It’s called inflation.
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  131. X86 is not going anywhere and unless other companies can develop an alternative to that architecture it has no real competition. People are confusing certain companies success with arm based architectures with all integrated circuit designs.
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  132. Billionaires already pay taxes. Take more money from them and they are not as keen to invest their money.
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  133. No. several reasons why it does not. First reason is that those that immigrate to a wealthier country do not bring immediate productivity or have children right away. Canada that is doing a more higher skilled immigration model has found that many are not having children at all because they are in their late twenties to early thirties and it requires several years for them to develop an economic position that allows them to have a family. The most important reason of all is that the poor regions at some point are going to run out of a steady supply that can feed the wealthier industrial economies.
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  134. Median retirement income $72000, median net worth is 1.5 million.
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  135.  @Simple_But_Expensive  Japan does have an expeditionary navy but it is no where near UK levels. Japan will trounce most countries at sea as they are an island naval force.
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  136.  @jamesparke6252  That does make up for the fact Ireland is not a pun easy agricultural environment.
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  137. Relative to their size and location and the fact they are islands.
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  138. The vast majority of the Irish economic engine is US based.
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  139. ASML while a Dutch holding company they are a conglomerate of smaller companies including America companies and have US government clearance to use US technology.
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  140. It is not so much the cost but the resources both man power and materials required. No doubt Russian has working warheads but do they have enough for full intercontinental exchange.
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  141.  @Mkoivuka  Both can true at the same time.
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  142. Robots cannot consume. But where do people think the capital is going to come from to develop and build the robots?
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  143.  @petercollingwood522  What makes you so confident of that.
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  144. Because it intersects with an American interest. He has always stated that America will have interests but not interested in the whole world.
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  145. Yes but it was a horrible period to live through.
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  146. He never said china was a source of gas/oil. He was taking about china being a source of products.
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  147. Point is that module drones assembled on a ship can be created as task specific.
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  148.  @Vmurmur  But how does that automation production help Germans economy
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  149. His point really is the lack of direction or at least slow movement from British culture.
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  150. Nothing for the US.
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  151. True hypersonic are very complex systems that have not yet been developed.
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  152. The point is that Europe weather will affect uk at some level in regard to energy. The uk did not buy into the Russian supply system so it is not directly exposed but will feel the pinch when it happens in Europe.
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  153. It is inflation. Everything goes up in price even the materials and services required to produce oil.
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  154.  @mam0lechinookclan607  Germany can be very weak economically and still wage war. German post WW2 was an economic failure that was able to build a massive industrial war machine. Germany is going to have massive industrial spare output with no market to trade the goods with so we’re do you think they will put all of that?
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  155. Let's be realistic about this. Women have less children as they age. When a women has a first child in her early thirties it means the family is going to be much smaller. That is the reason why the birth rate has declined per women in developed countries. 45 is the realistic age that most children are in their mid to late teens and have in most incidences left the home.
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  156. It only works at small scale. When it needs to feed 300 million or 7 billion it would not work. I grow organic foods but can’t scale that.
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  157. No. It means US prices become mixed with international prices. That creates new norms in production. The more GDP you are talking about is minuscule to the US to the decimal point. Meaning nobody will notice.
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  158.  @jacobjones630  America is not changing its population as fast as you think nor does it need migration to create a future generation.
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  159.  @marcobonesi6794  3 million being brought into the system will not generate a capital base for pensions. That will be the mistake that Italy makes. Korea may attempt the same thing but it does not work.
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  160. When it comes to product assembly a new industrial model is needed. With a combination of human labour and machine automation. An example would be a human lines up a screw and a machine screws it in. The human does the very fine adjustment and the machine then completes the task. Product manufacturing design can also make the process easier.
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  161. ⁠​⁠ @cathjj840  Grain of truth? German culture as been involved in over 100 major wars. In the 19th century German culture fought in over 20 major European conflicts. There is a reason for all of this and it is rooted in geography. Germany like Russia has no real geographic boundaries that can be defended so when a European war starts they always get sucked in. Peter has been warning about Germany performing independent operations out side of other organisations.
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  162.  @MANISHSINGH-qj5iu  That is a drop in the ocean of the Indian market. The value of the Indian smart phone market is about 150 billion.
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  163. Argentina is based on Spanish colonial culture. So it could never be anything other than that.
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  164. If it was not for that cheap US products 40% would look very cheap price to pay.
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  165.  @tigna7548  It is not a prediction. Italy has only half the workers coming through to replace the more mature cohort. That is a fact not a prediction.
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  166. No. They were not powered by black boxes. Those were engineered systems that made existing infrastructure more efficient in terms of hydrogen diffusion systems.
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  167.  @ddoppster  So you would prefer copper to be dug up instead?
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  168.  @thermite547  How is he not the best with China. They are now in financial turmoil and are going to have series of crises.
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  169. Without the creative process of IP it is very difficult to form a cutting edge industry. Low quality knockoffs tends to be the out come.
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  170.  @eamon22  The population growth Ireland has seen is down to the immigration child birth boom. Locals did have children just not at the levels the 20% increase would show.
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  171. If it was so insignificant why was it out there doing commercial duties?
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  172.  @crosslink1493  If there is a need for German , France or UK to rise they will do it. The problem for Germany is that they are on a clock but east cannot use that clock to their advantage as their clock is on a similar time frame.
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  173.  @frederickmiles8815  So your statement is really about gold originally. A gold backed currency is just as primed for manipulation.
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  174. There is no relationship between work and birth rate.
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  175. You should be getting behind Desantis not Haley. She is milk toast and not going to win a presidential. She would be a good number two but never a good president. Remember the days when competent number two would have a good record like Haley.
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  176.  @pedex252  The US economy can handle two orders of magnitude beyond its current money creation. I do not think many of you under stand how tight US politics keeps money creation and economic assets in check. The US only creates money every decade while it is common for other countries to do it every second year. The reason the US creates that money is down to the fact it does not create enough money for circulation. For the US too keep supply global demand it has to create that money. The demand on US money is enormous.
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  177. So European oil, African and Middle Eastern oil is not in European cars.
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  178. Because modern gas and oil is cleaner technology and is several orders better than older technology.
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  179. Romans stopped their expansion because they were a naval based empire. The technology of the era made it difficult to move beyond their actually coastal empire.
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  180. Talking on camera at altitude is tougher than people realise.
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  181.  @bempey  The transistors are much larger than 5 microns.
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  182. The global average is not a real figure. US also includes insurance in healthcare expenditure which other countries do not.
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  183. Most o the internet services are US based. You are on such a service right now. The US would have initial problems but iron it out very quickly. The EU on the other hand is destroying its network system for some time to the point it has very little innovation.
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  184.  @SnowLeopard-lt1vf  It is less about the US shutting it down and more to do with the likes of the EU and other regions wanting to control the networks to the point of stifling their own economic development and robustness.
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  185. Cost of fuel will not impact a country economy the size of the us
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  186. The whole nm scale thing is nothing more than marketing and has nothing to do the real size of transistors.
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  187. The plant has zero impact on the scale of geology at play.
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  188. That is the headline figure not the real economic figure.
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  189.  @donaldmcronald2331  There are no detergents only being prepared.
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  190.  @wertigon  It makes perfect sense to burn up for energy in the right geographical location.
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  191. That 3% is on top of existing gains.
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  192. Not true.
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  193. They are not anti government they just do not do tribal politics.
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  194.  @DavidDavoDavidson  The US does manufacture especially at the higher end.
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  195. There needs to be a certain level of storage but how much storage is the key point.
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  196. It is a centrally planned economy.
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  197.  @hali_moto  How do you value Bitcoin.
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  198.  @asdasdasddgdgdfgdg  But how is bitcoin valued?
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  199. They are great for humans. The merger of human and ai over the decade will be immense.
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  200. A conceptual computer does use Boolean methodologies which are 1 and 0.
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  201.  @karlvongazenberg8398  They have held out this long and the longer it goes on the more entrenched they will become.
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  202.  @greenlion6544  Unions have to be brought into the process. So that existing jobs could be protected and new jobs created.
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  203. What makes you think the US cannot use drones for defence or develop some other simple solution. Drones will not work for naval conflict.
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  204. Cell phones are the least of worries. Housing development was more important but all of you through the mandate of government decided to use trillions in economic productivity for policy that limited houses and development. When was the last Germany town or village designed and incorporated?
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  205. He has stated they will not be 100% of the system. In the US gas will be the dominant power generation.
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  206. It will not matter when it comes to the actual election.
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  207. Roman Empire was still a republic.
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  208.  @OctaBech  imperator was a commander not a monarch. At its heart Rome was still a (re)public system. Representation was still central to governance.
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  209. It had zero to do with inflation
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  210. No and the 1930s was not the same as 1860s. The conditions that exist today are different from the 1920s to 1930s but there is one thing that has not changed and that is the geography and collective culture of German which existed 2000 years ago when they were invaded by the Romans.
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  211.  @Quicks1lvr  No but millions of cars, trucks, machines, chemicals and industrial components are part of that collect pave cult as is purging the system.
    1
  212. There is no cultural desire in NZ for a military which is the same as Ireland. Both countries love on the fact they are isolated and shielded by geography.
    1
  213. The US is driven by the US Marketplace and the value of US assets. It has nothing to do with world trade.
    1
  214. His point is that in such a world those lines you think are super safe would be a constant focus of sabotage.
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  215. Last winter was very mild his point is any colder and it will put extreme pressure on the market. He is not talking about heating homes but the industrial output of the German economy.
    1
  216.  @kognak6640  You cannot claim that gas coming from the Middle East has a more efficient stable price than the Germans Eastern supply. There is a reason why Germany got hooked on that eastern gas. Fluctuations in consumer energy has little effect on an economy but that is not the case for industrial energy consumption. Production planning works best on long term stability.
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  217.  @kognak6640  LNG prices are much more prone to market instability and all it will require is for demand to increase for us to see crazy things. LNG is cheap and stable as long as there is a good pipe supply network of natural gas. Image there was a large industrial country that all of a sudden starts suck up all the supply of LNG.
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  218.  @kognak6640  Germany will be doubling its LNG capacity in the next 5 years. Which means it will be suck up nearly 15% of European capacity. There is only so much LNG capacity due to infrastructure limitations
    1
  219. That would be madness in a risk of WW3 and would at the least trigger famines. O
    1
  220. So can these robots buy things and have children.
    1
  221. UK is about to enter a 1970s like economy. Everything is now lined up for it. The left will blame brexit just like they blamed Thatcher.
    1
  222. Bio warfare would have no winners if it is widespread.
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  223. Same number as missiles. They offer nothing and such a vessel carrying drones can be detected like any other.
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  224. EU cannot even get a deal with the US so how does that solve anything?
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  225.  @gshann73  The global state of economics is not based on growth it is based stability in that there must be an equal number of replacements.
    1
  226. Many members of congress are of Irish descent and still look upon Ireland. Even those that are several generations out think of the, self as Irish.
    1
  227. He was not actually talking about the cuisine he was talking about food. Ireland has an agri economy that is focused on livestock as it is one of the areas that is not as restricted through regulations.
    1
  228. They say those things all the time but in some regions July was cold and damp.
    1
  229. Is the piss of real or is it political as well. I sure they are all pissing elections at this point.
    1
  230. Depends on the person.
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  231. US an ever made a war. So there it is.
    1
  232. What happens if Russia in the future goes into contraction? Do you think that German infrastructure just magically shrinks?
    1
  233. They can be used at local levels for base loads.
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  234.  @cowboybeboop9420  The northern seas routes could always be travelled under certain conditions and seasons but it was never considered commercially viable and winter can be extreme.
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  235.  @ordningsmannen  The main point was that Sweden did not start to become industrialised as a state/culture until the 1930s. Take the UK for example it had engineering works mass producing in every town in the 1800s which was not the case in Sweden. I think this is the point every body misunderstands with what Zeihan talks about.
    1
  236. There is a big misunderstanding. US debt is not a promissory and is a calculation of liability. It also cannot be separated from the total assets of the US which are in the thousands of trillions.
    1
  237. We are not in the same climate as 2013 to 16. Trump could not get elected in 2020 and the January 6th fiasco has damaged his chances for 2024.
    1
  238. That does not mean they cannot do crazy things. The Nazi were never going to win WW2 but that never stopped them. Cartage was never a match for Rome and no matter how many time Cartage was warned they still tried to challenge Rome.
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  239. Irish politics is apathetic.
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  240.  @anarionelendili8961  Ireland is secluded and has not had series conflict to deal with. So the people in terms of politics became insular and apathetic. Most people in Ireland think defence is not needed and the money would better spent on the welfare state.
    1
  241. He has worked as analyst for over 20 years.
    1
  242. What has that got to do with Silicon production?
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  243.  @jeanlamb5026  US just has more advanced healthcare.
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  244.  @PalisAiruta  So do the people who use private healthcare in the UK love the health system?
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  245.  @jeanlamb5026  ER by law have to treat walk in patient they cannot withhold treatment even for non US citizens. It does not matter if a person has money or not. I assume you meant insurance not money.
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  246.  @Disenchantedrightnow  All Americans can walk straight into a hospital the way British people can. There is also a 95% insurance coverage in the US so normal citizens can go to the likes of Harley Street. You have been sold a myth of US healthcare. The US has Social Security like the UK National Insurance.
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  247.  @jeanlamb5026  Can you explain what you mean by the Idaho case please.
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  248. US growth is based on trade which is between the states and is not export based.
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  249.  @JasperElvenSky  How does that apply to Germany.
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  250. The UK is the world’s second most powerful country but has been sleeping but once it wakes up it will be a monster again and so will the UK.
    1
  251. Immigrants cannot just walk into a job on mass and replace existing productive workers. It takes years to integrate that level of population through out a cultural economy.
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  252. Australia is a high tax society and the political and media organisations are obsessed with the welfare state. Until there is a crisis nothing will change.
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  253. US was building such systems in the 1950s. There is nothing new in it.
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  254.  @christopherwhull  Summer should be a buzzing season in an an active city.
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  255.  @Indrid__Cold  With the technology comes greater distribution that means creators will have their own price.
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  256. Not so much that the missiles are moving in flight but that they must have speed and inertia that is self propelled. When they rely completely on gravity they stand out like a match lighted up in a dark hall.
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  257.  @Tea4Texas  What do you mean real deal? He has zero track record.
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  258. Those cold snaps put real pressure on the market. One crisis is all it takes.
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  259. It is not doomtalk just outcome. It might be doom for some but not for others.
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  260. Ireland is an English speaking country with a massive cultural presence in America. Ireland has one of the greatest influences in America right up there with Jews and Mexicans.
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  261. It is not the first time that the Dutch and Germans had close relations but it always ends in tears.
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  262.  @charlyvanbuuren2947  Post WW 1 the German Emperor was based in the Netherlands and both countries had good relations because they did not fight in WW1 but that did not stop the German invasion of the Netherlands. Just after the Napoleonic wars both German and Dutch cultures were bitter rivals but by the end of 19th century every thing was friendly hence why there was no period of conflict between the two nations.
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  263.  @dagerry  People have no ill feeling towards German people but there is a reality to geography and culture and cannot just be wished away or ignored.
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  264.  @charlyvanbuuren2947  Their intertwined nature did not stop war or the realities of geography.
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  265. That assumes that America will have an interest at that point. If Europe plays too much hardball they could get hit with a very hard ball.
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  266. Swiss economy has been jointed to the EU for too long.
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  267. So as to not start wars.
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  268.  @geraldallen4707  Without the oil being used to keep margins it could plunge the world into continental war that are mulch larger than todays conflicts. The US does not need to store the oil like it used to because it now has processing and distribution capacity that it did not once have. The plan is to decrease the size of the reserve in line with production. US right now has a 20 million barrel capacity.
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  269.  @Kanelbullah  Not sure there is now an opportunity to debate. The ship may have already sailed and no amount of words can change that.
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  270. Larger drones are just missiles.
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  271.  @ryankolbe365  Missiles are different from bullets, shells and rockets because they have a more accurate ranging due to course correction and targeting. Larger drones that are capable of carrying independent payloads are really no different from aircraft and take away from the smaller cheaper swarm of drones. They will have their place offer new strategies but do not dominate.
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  272. Some desert regions have easy access to water like in the US.
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  273. Flat Earthers are a mixture of conspiracy theories combined with their real world distrust. The BRICS fantasy is more of a desire to get to somewhere but is just day dreaming.
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  274. Did you not watch the video. Do you want them having nuclear weapons?
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  275. Canada is 9 million square kilometres. Good look trying to use a very light naval force taking that. Very light defensive positions could repel anything like that.
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  276. It is their choice in a free market.
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  277.  @loveisneverasin9092  There is nothing embarrassing about it.
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  278. The problem is not the reserves at present but the processing and supply. Then there is the issue with the technology not being as good current fuels.
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  279. That’s what you want to happen but it is not reality.
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  280.  @galenolmsted1709  The US has about 80 years of economic oil that can be exported. Worse case scenario US 40 years of economic supply.
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  281. Finland already has that stable population that means they have a replacement generation. Italy has 10 million mature workers but only 5 million to replace them. We have got to have babies to survive.
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  282. Friedmans ideas were of a different time with different economic circumstances.
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  283.  @matthewgaudet8001  Friedmans ideas were of a completely different volume of wealth. Friedmans main concern with QE was the lack of government disciple and the long term harm QE can have on growth. Friedmans did support QE during the Great Depression. What most people do not understand about the US is that it is a very tight fisted monitory system. QE is not impacting inflation.
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  284.  @NoPe-no4sn  That has always been the claim even during the Cold War.
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  285. That’s the problem you are trying to predict he is just stating what is in existence now.
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  286.  @Ea-pb2tu  The economy of Europe is not going to be fine. One bad winter or normal winter and energy reserves will put massing industrial energy cost pressures on the market. Germany was not buying cheap eastern energy for the fun of it.
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  287.  @Ea-pb2tu  If the EU goes into decline so will the East. The issue for Europe is not heating or electricity to keep the various countries alive. German industry has been able to keep quality high and prices low but that cannot be the cast without cheap eastern energy. It takes a generation to correct such dependence.
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  288.  @Ea-pb2tu  An economy that was thirty years in development most certainly takes a generation to correct.
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  289.  @thetruth9874  What do you mean by Europe. There is no centralised gas system of reserves.
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  290. US prices already are independent and not affected by other market supplies.
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  291. That was not war it was just rough maritime behaviours. They could all have been sank in anything more intense.
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  292.  @michaeldeierhoi4096  America, France, Finland, Sweden, Ireland and UK have stable populations in the northern hemisphere. They have all created replacement generations.
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  293.  @popkhorne5372  It depends on the needs of France and Europe. If an African country has it and wants to sell it they will.
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  294.  @popkhorne5372  The French will not be going in to conquer. It will be market and culturally based. The conditions of the past are now gone that caused the previous hostilities.
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  295.  @popkhorne5372  Those countries with raw materials will have a decision to make such as do they want the past to decide their living standards or do the want French goods and services.
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  296.  @binwoods23  So why are they not doing it then?
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  297.  @andrewbaskett8581  Texas has a shortage due to not having the infrastructure to supply water. Florida will need to look at its population water requirements to get water supply. Florida has no excuses at all.
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  298. Intel owns their own resources. They are not an outsourced company producing other peoples designs. When looked at for real value Intel is the leader.
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  299. What is so special about “tech”?
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  300.  @matsv201  What is not correct?
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  301.  @matsv201  When it comes to the pacific every tool will be needed. And what really becomes effective in such a war will not be understood until it gets used at scale.
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  302. They are not real voting independents.
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  303.  @a5cent  There are about 14 million 50 to 60 year olds and only 8 million 40 to 50 year olds to replace them. Germany since 1970 has had a birth rate below population replacement. The evidence is there but people just want to pretend it is not happening. The thing is it is happening.
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  304.  @waywardgeologist2520  The two party system is the only type of system that works.
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  305.  @idiottv6499  It is still colder than last winter and just a degree of difference will impact pricing.
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  306.  @idiottv6499  France is not the economic power house of the EU and does not have an industrial model that was built on the back of cheap eastern gas. I do not think people fully understand that Germanys crisis will not be heating homes but the pressure of industrial energy production. There is a reason why Germany got hooked on cheap eastern energy.
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  307. The UN is now weaker than the League of Nations and is not fit to judge the EU.
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  308. Nope.
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  309. It will have zero impact there as the vast majority of production is private and state.
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  310. That may be all true but the danger of all out chaos for not allowing politics to play out at the ballot box is the true stakes. It could cause damage to the political process that could be generational in nature. If there was a criminal conviction for Trump then it maybe something that could be used for ineligibility even if Trump supporters cry foul.
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  311. US has its own agri, energy and raw materials and the world’s largest economy. So what can you counter it with?
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  312. In what sense does that present a voter block. Are for or against it.
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  313.  @d.m.3133  For what?
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  314.  @iNDREI_Ro  What is a wage gap?
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  315.  @jakubkoscribe5475  Cultural economic is the study of economics in relation to culture. A prime example would be the US constitution defining the role of government in relation to the market place which has its roots in the US philosophy of the liberal republic.
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  316.  @DoddyIshamel  US states are governed through the US constitution and is part of a single country with a single language. That is not the case with EU.
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  317.  @DoddyIshamel  The US constitution is the very structure that allows states to exist. It is the very reason why the US went from being one of the worlds poorest countries to being the most wealthy. Obviously geography played a part.
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  318.  @jakubkoscribe5475  The main problem for the EU is that it has taken on too many issues that it did not need to.
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  319.  @cartmann227  The union has taken on too many problems.
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  320. What happens if Germany switches all of its industries over to a war economy out of fear of some invasion. I will make it easy what If Germany applies 1% of its capabilities to arms manufacturing?
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  321. The opium wars were a myth.
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  322. Zeihan never actually said that Trumpites are the same as Peronism you only imagine that. He was saying if Trumpites were to get control of America that they would produce the same economic results.
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  323.  @chapter4travels  The problem is that people are only hearing what they want to hear. He never said anything about Peron being the same as Trump.
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  324.  @andymatmar  You are hearing what you want to hear in the words he used. Having a snide comment at trumpism layered with some truth does not make it the same.
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  325. No he is correct. They are not yet at complete infrastructure and are only at development stage.
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  326. The world reserve currency actually cost America. It is not a free deal for America. The money has to be sucked out of America to cover the unstable currencies of the world. It will affect America in the short term as they adjust to lesser flow of money but will strengthen the currency in the long run.
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  327.  @babalawohrg  The US does not have a trade deficit.
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  328. The deficits really only demonstrate poor government management. They do not emphasise economic market performance such as trade.
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  329. When ai matures fpga will play a part to reduce energy consumption. It will mean today’s energy usage will be more than likely be the target.
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  330. Switzerland has a younger population and a lot less debt.
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  331.  @gregorymacneil2836  Japan has a massive level of debt with no level of growth that can overcome it. Switzerland has a very low level of debt which enables it to cut rates without the fear of impacting their debt risks.
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  332. Nope it only made UK energy lees reliant and had no impact on economic performance. It helped during the post Ukraine incident.
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  333.  @brianjonker510  Hydrogen can be engineered for local purposes such as a power station without actually distributing the hydrogen so the storage engineering is all localised.
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  334. No as it would take years to integrate that number of people.
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  335. Look at what happened the hundred previous times that was attempted.
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  336.  @MarcosElMalo2  What people do not understand is that this businesses in different countries are actually using US licensed technology.
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  337. The US can produce those chips all by themselves if they so desire. Right now the US has world set up through technology so as to give those various countries a partnership. Hence why some will have specialised deals.
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  338.  @katarn848  The instrumentation that the Dutch use is based on US licences.
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  339. True hypersonic missiles that move under their own power do not yet exist. Level or hidden flight paths that matches earths curvature has not yet been achieved. All of the active hypersonic systems use elevation to gain those speeds and as such stand out like a sore thumb.
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  340. Drones are useless in naval warfare especially in carrier group warfare where combat areas are measured in the millions of square miles
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  341. @ So how are the magical hypersonic missiles going to target a group in naval warfare.
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  342. For the last 100 years the US has been the most powerful.
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  343. When it is layered with gas electricity generation it makes sense. Especially when used with remote industries it makes perfect sense. It also makes sense when used with data centres. It can also be used to create small localised grids were cost performance is not an issue.
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  344. There still needs to be consumption and production for there to be a wealthy society.
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  345. Prediction? Germany has not been having children at a replacement rate for 50 years in the next decade the cost of that comes into effect. There is going to be escaping it.
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  346. What chaos in the US? You cannot be talking about protests and political mouthing that takes place.
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  347. That will lead to pure economic instability because those that are just coming to retirement or in early retirement will just look and say why bother and just do as they please with their wealth. Those lower down will in the order working will decide not to have children because they will realise they cannot afford it.
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  348.  @sergiofedele6811  It is running towards failure.
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  349. Ireland still has a very strong sense of culture and those that move there will change but there are limits to how much Ireland can absorb and I think Ireland is now at that limit.
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  350. It may work between the USSR vs USA but would small ideological groups feel the same.
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  351. There is always growth. US has so much resources that 90% of them are not part of the monitory system or debt.
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  352.  @jakob6960  It is cost at scale. US oil produces gas as a by product.
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  353. ⁠ @Michael-bh9ss  Dreams? Having children should be the dream. Having a fancy car, tv set or larger home is not going to compare to having children. Too many people today are focused on the here and now and dreams.
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  354.  @Michael-bh9ss  Not trolling. Worrying about finance in regard to having children is the reason the western world is facing a population crisis. Wait until you are 60 and those finances will appear inconsequential. Elderly people without children tend to suffer from loneliness and is one of the driving forces behind old age depression and no amount of money will make up for that.
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  355. The problem is that most people separate geography from politics/culture.
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  356.  @mountainmanmike1014  France.
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  357. Trade is not globalism and tends to be just point to point on very specific items.
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  358. Because things are desperate but the US is not going to have the desire to police world oceans.
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  359. Many places have past the point of a solution 30 years ago.
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  360. What incorrect predictions?
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  361. Not needed in 24 hours. Right now they are letting them stew a little and then a demonstration from the US that they can take out anything they want and when there is sabre rattling after the US will give them the offer do they want more.
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  362. Poor has nothing to do with it. Most developed countries have an urban population of 90% and the US is 50-50. All those living in small trendy city apartments cannot see them self having children. Most women years ago go to see what happens when childless women get older today there is a lot of disconnect within culture.
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  363. It was never going to happen.
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  364. It is extraordinarily theoretical with very proofs. Even gravity that has been studied for 350 years has not solved any of the big picture items via quantum and may have created more confusion. Have we really moved beyond Newtonian physics.
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  365.  @cgourin  The field has very poor proofs and is dominated by personality, authority and theory. Anybody who deviates from it tends to be ostracised.
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  366. Would never work around scale.
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  367. What about US assets?
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  368. Not populations growth population stability in that there is enough new borns to replace the population.
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  369. Innovation can reduce the use of resources but you cannot have innovation without a young population and a lower number of older people to provide capital. You think it is bad now in terms of the environment wait to you see a world ravaged by industrial scale warfare because of the instability of cultures, societies and economies. Innovation would mean using less oil and would require less prospecting. No innovation means desperation and an earth stripped apart to find the last resources. The large stable population that innovates will actually be a much better outcome.
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  370. Neutrality is a myth and only works when countries around agree to the concept. In WW3 it will not matter.
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  371. Royal Navy has total of 80 commissioned vessels. Did you mean 15 destroyers?
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  372. US debt is not cash based it is liabilities based and is really an accounting exercise. Most of the debt has no realised repayment.
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  373. No deal has been reached. It is on hold for cooling off. Not sure what the office of the president can really do about it.
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  374. US has thousands of trillions of assets. US debt is not a loan promissory.
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  375.  @chaparro1097  The difference with the US is that it includes all liabilities at the government level. Even if they are not due to be repaid.
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  376. Texas still exists.
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  377. Uk is not Europe.
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  378. There is not too much wine. Not even close.
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  379. It has no impact because US does not over supply its system in relation to assets and productivity.
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  380.  @curiositycloset2359  People misunderstand the reserve currency and think it is beneficial to the US when in fact it holds the US economy back.
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  381. That is only the marginal effect. Wait until the US market place does that.
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  382. What has that got to do with the west. Do you expect them to police the oceans? It is all very complicated.
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  383. In WW2 there was mini subs and patrol boats and small insertion boat teams (commandos) to deal with.
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  384. US and UK will control the Atlantic, US,Uk and a local partner will control parts of the pacific that matter to them. Everywhere else will be chaos.
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  385. No that is not the case with Germany. There is a reason why Germany has such large industrial outputs but very few natural resources. Germany is a collective culture and would not exist without that. If German was able to just put a very small fraction of its industrial output to military production it would in a very short period have a massive infrastructure. German military culture has always been competent and simple which allows its tactics to spread very quickly through out its collective culture.
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  386.  @gandalfgreyhame3425  Germany does not need to be as tactically Good as Britain due to its collect poverty culture which can operate on simplistic tactical capabilities and lots of machinery.
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  387. US does not need that.
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  388. No it has been put on hold through order. Nothing else. Not sure how it can actually be resolved.
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  389.  @lofthousehh  The conditions for WW2 were decades in the making but culminated in a 6 year period of war. What we have now going forward is more akin to the pre WW1 period. People lack any type of awareness when it comes to geography and culture due to most emphasis being on economics and culture. Germany has been in over 100 wars and there is a reason as to why that has occurred.
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  390.  @And.r.ew.90  The US has had very few border wars even though it could easily take regions from Canada and Mexico but chooses not to do so. My point is not that German will go to war because it has manufacturing but rather that Germany is not as weak as many imagine.
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  391.  @MaineMan2023  It will still be delayed in 40 years time.
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  392. He is talking about long term inflation not short market cycles. A good monetary and banking system would not stop the current inflation cycle.
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  393. Water tables are not populated by fracking.
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  394. Deflation in a country with horrible demographics is not good.
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  395. It does not matter about current sentiment as that can change very quickly. Look at how German politics pivoted with the invasion of Ukraine.
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  396. But they invested more into private holdings which expanded.
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  397. You do not resonate with because you do not understand his point. The real danger is not heating the home but the industrial price cost. Remember Germany does not have cheap endless Russian gas it now has to pay for more expensive sources that are not as stable. Imagine it gets cold in Europe and Germany is buying in more expensive energy that increases production costs.
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  398.  @mmorris2830  But are the plants using thermal springs or are then using the warmer temperatures in the earths surface so that cool water is sent down to be heated and then used to drive steam turbines.
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  399. Now back to reality where the US has enough gas and oil to supply their industry for the next 100 years and just as much coal if need be.
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  400. Why? Because the US does not owe the money in repayments. It is just calculated liabilities and is only a fraction of the asset base.
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  401.  @rg-cc5kg  German military culture is very easy to implement into German collective culture.
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  402.  @appstratum9747  Just because you do not understand something does not mean it is idiotic.
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  403.  @appstratum9747  No I never said Peter does not understand. My point is that those commenting do not understand.
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  404. All of that will stifle economic growth. Women have a choice to make do they want children or do they want a career. Cannot have both.
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  405. If it can be manipulated it would be no better as a currency than fiat.
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  406. The US has been through several periods of civil war and is still standing. Even if this period ends in US conflict it will sell be the country with best of everything.
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  407. US national debt is not a promissory. It is an accounting exercise that is no where near its limit.
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  408. More or less that is what it does. The act could be reformed to allow such things as limited contracts and so on.
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  409.  @Bigweave74  That would be one of the large risks. Limited contracts that allowed favourite countries shipping industries to work internal US water ways could be an option the risk is once laws and practises are relaxed just a little bit there could be a slippery slope.
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  410. Missiles are useless without a functional military force that can use them.
    1
  411. Labours economic plan is terrible. It is just a bunch of emotion driven promises it cannot keep.
    1
  412. So can you explain how robots buy products.
    1
  413.  @juergenernst1320  That’s the problem Germany and other countries have. Automation is not going to save their economy from demographic collapse.
    1
  414.  @juergenernst1320  Japan exports to the US and has outsourced production and the jury is out if that will succeed. Japan has a national debt that is twice that of their GDP. So some countries are going to fail so who is it going to be?
    1
  415. In WW2 the actual capacity was already there. Today that capacity is not there to produce those types of outputs. 😊
    1
  416.  @ritiksharma6344  India is not going to replace China. India is going to build an economy for it self.
    1
  417. Not enough to take over all of manual labour.
    1
  418.  @petercollingwood522  Confident the ice will melt.
    1
  419.  @petercollingwood522  Prediction is not science neither is statistics.
    1
  420. All of the companies including Exxon and Esso where from the parent company Standard Oil.
    1
  421.  @dongately2817  Their wealth was off the chart. Standard oil was so large that it had to broken up into the likes of Esso. Not even Apple with it 2 trillion value is being broken up.
    1
  422. ASML does not make semiconductors.
    1
  423.  @emilv.3693  They do not make semiconductors.
    1
  424.  @kuyre2239  That is not a semiconductor integrated circuit. .
    1
  425.  @RD-jc2eu  ASML are a holding company that are based on US industry and do not make chips. They do not innovate at chips. They make machines used in industry.
    1
  426.  @calexico66  Slavery was not economically beneficial. It was something that dragged economies not helped. Individuals may have built wealth but not the economies.
    1
  427. Having children is not related to economics it is social.
    1
  428. So what is wrong?
    1
  429. Joe Biden beat Trump in 2020 so it is not a big deal.
    1
  430. Such systems would also stand out like a sore thumb in upper atmosphere as they try to gain elevation to use a downward trajectory to gain speed.
    1
  431.  @seldoon_nemar  The rod of god concept did not work because they were unstable and as such did not have predictive paths that allow accuracy. Using elevation to gain hypersonic speeds create instability as well if the characteristics are not properly utilised. What gets described today as hypersonic missiles are glide systems that are not as effective or as useful as many people assume. The US has had that type of technology since the 1950s.
    1
  432.  @seldoon_nemar  The rod of god is not an ICBM as it never worked as the super heating properties of the atmosphere made its flight path in predictable. It could not be used as a weapon
    1
  433.  @blackberrythorns  My point is that hypersonic missiles that are self powered and directed do not exist. I meant the US has had glide hypersonic just like those being touted today only they have had them since the 1950s.
    1
  434.  @seldoon_nemar  Nuclear weapons do not require accuracy of a similar nature to conventional war heads.
    1
  435.  @Erik_Ice_Fang  It has nothing to do with perspective. Education is not cheaper in Europe and neither is healthcare.
    1
  436. ⁠ @apb2081  The UK has not been damaged by brexit that is just a world view being pushed in Ireland. Many of you are assuming that the future will be the same as the last 50 years. The future we will be moving into will be mass famine in Asia and Europe in chaos and probably war torn.
    1
  437. They are not being proposed as a main grid generation system. They are intended for small independent specialised grids. Peter has talked about this many times.
    1
  438. Easiest method to do that is to give large tax cuts and credits to the family. In America average family income faces about 14% tax which is the lowest in the developing world.
    1
  439. Not fixed for industry though.
    1
  440.  @Ushio01  No it did not.
    1
  441. That’s how help works. If Ukraine pulls through America will expect gestures such as help in other countries.
    1
  442.  @peteduch2151  The US a is very rich and deep in resources. It does not need anybody else’s resources. The US took zero oil out of Iraq.
    1
  443. What is the solution for healthspan?
    1
  444. Yes it is a definitive currency. Did you think it was a rumour?
    1
  445.  @johnhynes7784  Those were operations not complete warfare. In Vietnam the US killed 2.5 million Vietcong and wiped them out. Vietcong effectively surrendered but the US never treated it like a war an never wanted to take over and just pulled out.
    1
  446. They are not making creative movies that people want.
    1
  447. How is that collective security and different from the various empires that started the great European wars?
    1
  448. @BabyGirlDontEvenPlay Baby boomers came about because people wanted children. So they went out and had them.
    1
  449. Do you mean for the US to become decentralised?
    1
  450. They are coming of a retirement age and their productivity as a work force is lower.
    1
  451. Can you name one of his conspiracy theories?
    1
  452.  @douglassun8456  That is an overly simplistic model that Peter uses to give a 50000 feet view of the industry. So it is an industry based on simplistic chips, moderately complex, complex and then very high end. Taiwan is in the moderately complex end.
    1
  453.  @patrickweaver1105  Intel is the only company innovating in CISC.
    1
  454.  @AnimaChronix3  ASML are a conglomerate that were allowed to buy US companies. They have permission from the US government to operate. The irony of all of this is the fact all of you are using a US system to argue that the US is not advanced.
    1
  455.  @patrickweaver1105  They are the only realistic CISC fabrication in town. RISC platforms designed in the west and cheaply manufactured in Asia are not going to cut it.
    1
  456.  @trzykawki  It matters if proper legal procedure was not followed. If the court is outside it natural boundaries will be one of the deciding factors. I think he if it is technically a correct ruling it could cause chaos.
    1
  457. That is not exactly true. Both regions historically have showed aggressive manoeuvres that normal come about from other circumstances.
    1
  458.  @mountainmanmike1014  It is not a matter of show. What economy will the currency be based upon.
    1
  459. The popular vote is irrelevant.
    1
  460. There is definitely a case for that but it cannot be 100% of the required workforce. Automation with trained American workers is the easiest and most low cost option proving it also has some immigrant workers to back it up.
    1
  461. Nope. US trade is majority internal.
    1
  462. The corporations are not as profitable as you imagine.
    1
  463. That is all changing with the industrial buildout. The Jones act will need to be modified to give a start to the water ways.
    1
  464.  @PWMoze  For the UK it will be a crisis that will have solutions that will not be the case for most European countries. UK auto will overtake German auto.
    1
  465. His position on India is that it will be its own thing. All its growth will be of India focus.
    1
  466. The best incentive is the free market that is not regulated by national departments.
    1
  467. No they are not set. The problem is not home heating or the lights. 😊
    1
  468.  @TheGiggleMasterP  It is inflation and it is global
    1
  469. Multi party politics does not work.
    1
  470. The whole lot is based on US innovation.
    1
  471. It is not extreme at all. Nobody before WW1 believed that there would be a major conflict. Even today it is not that easily understood why it happened. WW2 is easy to understand WW1 not so much.
    1
  472.  @mam0lechinookclan607  Think about it Germany can have no economic future due to stability issues with no replacement generation but that does not mean two million German men backed by a collective industrial culture cannot wage war or be in large conflicts. So to recap German economy is unstable industry produces weapons of war.
    1
  473. Biden did not run so his predictions stopped with that. He never really said anything about Harris.
    1
  474. Biden is thinking politically not market conditions in eight years time. Presidents job is the administration and is constantly dealing with short term politics.
    1
  475. US monetary inflation is not the issue as the US money system does not come anywhere near to the scale of US assets.
    1
  476. It’s an economic average. Somethings go down others go up. It is an average figure.
    1
  477. Atlas is a remote control robot with ai to help navigate and carry out control corrections. The hard part is having a robot with the correct processing centre that can work independently. When that happens it will take a good decade to build out at an economic scale. .
    1
  478.  @Bit-while_going  At a base level it could carry out very simple operations independently. I think the robotic controls are quite advanced as are robotic physical movement. The real challenge is independent actions.
    1
  479. Until we have ai that can do everything a human can it is just speculation.
    1
  480. It will take at least 60 to 80 years to recover proving that culture has not passed the terminal point of failure.
    1
  481. Are you married? If not you cannot have that internal debate. You might be surprised to learn that people had children during the Great Depression and they did not have a bright looking future. Modern society has been terrified into freezing up. My grandmother and grandfather were as poor as you can imagine with no hope of a job.
    1
  482. Most Americans are workers, most Americans have savings and most earn the median income level.
    1
  483.  @scopscorpion  Can you name those non centrally planned economies first us to examine.
    1
  484.  @dylanbuchanan6511  There is not going to be supply of goods and services as there will not be a working class. There will be high demand but no products. Think of pandemic lack of supply. Now consider there is no solutions to it. There will be extremely high inflation. Governments will start to throw the kitchen sink at it but nothing will work as there will not be enough workers.
    1
  485. The small plants can be modular and fit right into the system. Several of them could be placed on one site.
    1
  486. In WW3 they will need to acquire such services.
    1
  487. He clearly is telling you that if the west interferes in that Russian exports it will trigger global famines that the west would not notice upon it self but would have to watch.
    1
  488. But how do the various political forces inside America become aware of this?
    1
  489.  @LeGrosB  No amount of forced labour will produce that amount of organic food. I think people will just prefer to eat.
    1
  490.  @LeGrosB  I just do not feel there is enough physical labour available to feed 7 billion people. AI and automation could do most of the labour but that still will not address production yields.
    1
  491. What battles did the US lose in Vietnam.
    1
  492. Lithium batteries are not a cost effective system and are nothing more than politics. They work at localised levels where cost is not as important but they cannot compare to a stand alone 50 year 100 megawatt output nuclear system.
    1
  493.  @tangosmurfen2376  America fighter jets would better for Ireland to have.
    1
  494. Not a chance. Reagan created the boom.
    1
  495.  @mkvenner2  Outsourcing is not as profitable as people think. It looks good for the corporate team doing it in the moment as it allows to to present future growth forecasts. It does not work out for the end corporate management. Customers do not care if their trainers cost $83 or $87. That perceived consumer saving is guess what imaginary.
    1
  496.  @Rob_F8F  $87 vs $84 at retail will net a manufacture on paper half a percentage. When product failure levels are account for most company’s are not making that magical 10% as it is all based on short term projections. Mega companies with well made trendy products charge a premium to consumers for a product that really should be retailing for half the price no matter where it is made.
    1
  497. Interest rates cool monetary inflation by restricting the money cycle. It means money can then start to become more valuable. It is a supply and demand. More supply less value and when there is less money every body wants it driving up value.
    1
  498. Hydrogen energy is not realistic.
    1
  499. Zero profiteering
    1
  500. @ It was produced using automation such you are doing. We did not use type writers.
    1
  501.  @temmy9  When they are not working that well or shot down it becomes difficult to identify them as being a claimed hypersonic missiles. Is there any evidence that they are hypersonic missiles?
    1
  502. ⁠ @trplankowner3323  While technically we could engineer tectonic movement the technology is nowhere near that level and neither is the engineering physics.
    1
  503. But they were cold. All it takes is one cold snap to real eat into those reserves for next year.
    1
  504. Nobody really cares. If the UK, France or US was to put there minds to it they could.
    1
  505.  @Ea-pb2tu  The US will have chips everybody else will not.
    1
  506.  @Ea-pb2tu  The US has from earth to foundry chip creation. It owns all the licences to its chips. Even the Arm chips are based on RISC which is US based. All the other countries use US based licences. Even ASML is based on US licences and requires US government clearance. I am not saying it is going to be a good thing just stating the reality.
    1
  507.  @Ea-pb2tu  Nope. ASML bough American companies and the rights to use American based technology. Most of the instruments being used have to get clearance from tether US government for usage.
    1
  508.  @Ea-pb2tu  ASML is an American project that is allowed to exist because the US allows it.
    1
  509.  @Ea-pb2tu  It has licences from the US government. It was allowed to buy small US companies and also given permission to use other patents from the US.
    1
  510. The problem most of you do not understand is that very small temperature fluctuations can impact at the marginal levels. Most of you do not understand Peters point.
    1
  511. The US is trying to contain the war.
    1
  512. Do not confuse consumer markets with the whole system. A potato could in crease 5% but a car 15%.
    1
  513.  @nlabanok  The video is not about semiconductors. Do you want to try again.
    1
  514.  @lrrrruleroftheplanetomicro6881  Zeihan did not state manufacturing in space was cheap or easier. He is specifically talking about low gravity manufacturing of specialised products. And the satellite manufacturing in space is about very specific types with specialised components.
    1
  515. All the fab technology is based on US innovation. The very internet you use is a US system.
    1
  516. US oil companies do pay taxes. Many of the larger ones pay tens of billion in taxes.
    1
  517. Those boomers still need the money. Even in years gone by older retirees still kept a proportion in mutual funds but it will not account for the needed withdrawals. There is just no way around it.
    1
  518.  @Condor1970  Transistors are no where near 2nm. People have just bought into that market with out a thought.
    1
  519. Nope it does not work way.
    1
  520. Intel is the world leader in CISC based processors. It is those high end processors that runs infrastructure.
    1
  521.  @AutoMattOn  People are talking about Trump. It does not correlate directly.
    1
  522.  @deepwinter77  Not all of the funds that pass through Ireland get counted. Apples revenue is nearly 400 billion per year and does not get counted in Irelands GDP.
    1
  523.  @allstairs8726  For Ireland to really nurture its domestic markets it would need to cut taxes for workers and small businesses. The average person is paying near to 50% of their earnings on taxes.
    1
  524.  @jamesmcgarry1229  Only productivity is counted and perceived activity is not. One of the indicators that Irish GDP is accurate is how much tax receipts the Irish government has which happens to be in excess of 100 billion. If everything was included such as what you are alluding to the GDP would be in the trillions.
    1
  525.  @talideon  Most Irish trade is outside the EU.
    1
  526. The US does not have legions for you to imply it is an empire.
    1
  527. That’s just modern ideological economics. Let me guess you believe in gold money.
    1
  528. Peter is very clear that Argentina is a political mess and factors that in. Argentina in its current state will out perform many nations in the future.
    1
  529. Nope has nothing to do with it.
    1
  530. US has more than enough land for agriculture.
    1
  531.  @eikopoppy29  There is already a massive abundance of agricultural land that is not even being fully used. The land that the US has built on is a small fraction of US land. I know the cities look big and imposing but they are really a tiny bit of land. Total US urban land is 100000 sq miles but agriculture is 1.5 million sq miles. The US could triple its cities in size and it would have no impact on agriculture.
    1
  532. The US is a market economy and has a stable population and debt is low.
    1
  533. No need to get rid of it just reform it. Bring in the unions as part of the process and also ensure that it is a slow well thought out process and not rushed.
    1
  534. It will have zero impact on the earth.
    1
  535.  @michaellorton8099  You are not interested in raising any real issues. You are playing what if. I will also play the same. What if particles in a solar cell was to interfere with gravitational effects of the mass of the solar systems. which could then then have an impact on moon causing the tidal system of earths oceans to break down. We can all speculate and no answer would ever be good enough as the question is of a nature that cannot be answered. A small shaft down through the earths crust is not going to interfere with the tectonic system that is in place. Not even underground nuclear tests could do that.
    1
  536. That would be a crazy world
    1
  537. French and Italian wines dominate Europe. It is just reality.
    1
  538. The US was like Rome in that nobody could do anything about it.
    1
  539. The way the world is heading Ireland will embrace that British umbrella and the British will accept that American umbrella. I do not think people in Ireland and the UK realise how bad it will get in Europe. When Russia and Western Europe goes through that demographic collapse it will be chaos. Some European countries will be broken up.
    1
  540.  @ShawnGilbert1967  What makes you taking a fifty mile canal system that has cargo ships pass through it can just have extra water just thrown into like building a back yard pool.
    1
  541.  @BrightWendigo  So we’re does the money come from to develop such a system.
    1
  542.  @GotrekGurnisson  Which government are you taking about and where does the money come from.
    1
  543.  @george2113  There is not enough capital generated to build these fantasy developments that people are proposing.
    1
  544. Black Death happened before the renaissance took effect. Maybe if we have a renaissance where we to adapt Roman classical philosophy that brightens up the mood a bit.
    1
  545. And you can afford it.
    1
  546. Every body will suffer not just the working class. The rich that see the writing on the wall and act early will be ok but there are not too many doing that.
    1
  547. Apart from the fact they produce stuff.
    1
  548. AMD as a company is no where near intels level.
    1
  549. I heard the exact same thing 15 years ago.
    1
  550. Texas has easy gas and oil so it does not matter what they do.
    1
  551. We are nowhere near that level and probably never will be.
    1
  552. No jones act and the water ways would be dominated by the Chinese.
    1
  553. He did nothing of the sort. He just waffled.
    1
  554. That maybe more about temporary demand that has not really gone away.
    1
  555.  @andrewskokan6372  Interest rates are not high.
    1
  556. The irony is that Australia has lots of space. Italy has it as well but had several decades of no building because of regulations.
    1
  557. The grid is not the biggest issue. There simply is not enough copper on planet earth. The only way that it can solved would be for a new alloy to be developed that can conduct electricity as efficiently as copper alloys.
    1
  558.  @sciencefliestothemoon2305  Total known reserves of copper are 900 million tons. The requirement for a total renewable global system would be in the billions of tons. The solution does not lay in more extraction but has to come from materials science. Some new alloy is going to need to be developed that can either replace copper or reduce copper use by an order of 10 to 100.
    1
  559.  @danielhouse1053  Total copper reserves are about 900 million tons. I am not making it up.
    1
  560.  @n8kru19  Technically the grid could be built out as that would just be down to getting things done. New copper is a different issue.
    1
  561.  @cooperwolfe1731  More or less what Zeihan has predicted is playing out. Russia is trying to expand into Europe, maritime instability is starting to rear its head. Look at the red sea now.
    1
  562.  @beingbeing5209  Most European processed oil is from the Middle East and Europe. Gas was a different story.
    1
  563.  @beingbeing5209  Europes largest volume of oil is the Middle East, Norway, Africa and UK. While Russia was a significant producer for Europe it was not the main source of oil.
    1
  564. If Michelle Obama was to run would you vote.
    1
  565. But is Irelands growth rate based on native birth or immigrant birth? Which do you think.
    1
  566.  @adamperdue3178  The Roman Empire was predominately a naval empire. Look at the map of the empire it is focused around the Mediterranean. I am not saying military naval I will use an other word if that please maritime. Travel in water is cheaper than land by quite a large margin. It was the best means of travel in that era and even today it is still the cheapest at scale.
    1
  567. It depends on the plants engineering.
    1
  568. If you are wealthy enough and commute within the vehicles ranges then electric is a luxury choice. That is not the case for 95% of the population
    1
  569. They have to go through the Red Sea and that is how they are bothered.
    1
  570. Samsung does not produce its o2n chips it produces products that based on US licences.
    1
  571. Just do not think you have picked up every thing he has said though.
    1
  572.  @philipwilkie3239  Total cost of delivery so you are excluding private healthcare in Australia?
    1
  573. They are just chat bots at this point.
    1
  574. Shake today is easy.
    1
  575. He did not. He predicted Trump and Biden would go the same way as 2020. Most just hear what they want.
    1
  576. Do you know of an economic model that can support falling population?
    1
  577.  @bvbftw  The money was never right that is the thing as it was a controlled market that caused chaos at times. It is the fact regulations are going to make food production impossible in Europe and farmers are freaking out.
    1
  578. Australia desperately needs to build out its own manufacturing to take advantage of all that easy energy and abundant natural materials. Lower small business and medium size business taxation would be a start.
    1
  579.  @ewilson0223  The US economy has assets in the thousands of trillions of dollars fuel prices have little impact on that.
    1
  580.  @shannonkohl68  It would be a comparison people understand not an exact copy.
    1
  581. Not possible.
    1
  582. That is economic inflation and without that cheap US energy it would be much more expensive.
    1
  583.  @rosomak8244  Intel is the worlds number one producer of CISC.
    1
  584. Trump is not going to win 2024. It is madness to strike him of the ballot at this point as it could cause lots of problems.
    1
  585. You are not factoring in demographics. Less product supply to the market means there is less things to go around. And when things are scarce it means only one thing.
    1
  586.  @kittydaddy2023  Because things like cars are manufactured in the US as are aircraft and CPU’s.
    1
  587.  @Kharnan  It is not just less people to buy thing but less productive people out there making things.
    1
  588.  @karatsurba4791  Imagine a volcano took out current power stations.
    1
  589.  @karatsurba4791  Volcanic eruptions cannot be predicted and neither can earthquakes.
    1
  590.  @flame5170  Natural gas is very low emissions.
    1
  591. That is fantasy. Fission nuclear is a clean and easy choice. Fusion is fantasy at present and is always 15 years away.
    1
  592. Jobs lost in services to ai can be shifted to infrastructure, manufacturing and so on.
    1
  593.  @Iskelderon  No I meant the word in its original Latin meaning. I thought it was completely clear based on context but then again we live in a period of lower intelligence or it could be me making up nonsense trying to cover for my own lack of intelligence.
    1
  594. Because everybody knew inflation was coming.
    1
  595.  @jeffbeck8993  The US army has more boats than the US navy. It is very true.
    1
  596. He may just be on an official trail.
    1
  597. Middle of nowhere.
    1
  598.  @Talismanos  Location does matter as it takes energy to run the supplies and it has to be close enough to industry.
    1
  599. No. If Italy needs 10 million economic elements (people) to create both consumption and production but only has 5 million it will cause a collapse to services at every level. GDP will be cut in half on paper but in reality it could be a ten fold decrease in certain sectors.
    1
  600.  @ssssaa2  Argentina and Turkey will be ok on their own but will never carry the EU.
    1
  601. Tesla is the only serious manufacturer of Electric vehicles and they have very sophisticated AI systems in them that requires cutting architecture.
    1
  602. Both Japan and Germany have amazingly powerful collective cultures that enable them to rise,fall and rise again in a matter of decades. You can have much smaller cultures/countries than Japan that have nowhere near their level of cohesion.
    1
  603. US has oil, gas, copper, iron, rare earths, heavy manufacturing and high tech manufacturing and a massive consumer market. US produces more food than it consumes.
    1
  604.  @Mindokwin  Those companies are subject to national interests.
    1
  605. There is no over population. Earth can sustain 50 billion even though we are going to have a population decline.
    1
  606.  @decemvre  That makes no sense. German supply and demand cannot be outsourced or immigrated.
    1
  607.  @decemvre  Japans demographic collapse has not yet played out and they may have bought time but still have a price to pay.
    1
  608. Unless a more dominant naval area system enters such as a US carrier group.
    1
  609. You are mistaken if you believe German culture cannot carry out such a transformation. Germany has a failing economic culture because if it replacement birth rate but do not confuse that with the ability to wage war. Germany has several million men capable of waging war and Germany has a massive industrial output that could create all manner of military assets. People underestimate German capacity because they do not understand German geographic culture that is collective in nature. If Germany decided today that it wanted to have a million man army that was armed to the teeth it could achieve that in five years. Where do you think all that German spare productive capacity is going to end up?
    1
  610. The mid terms had absolutely nothing to do with abortion. It was a clear rejection of Trump that carried over from 2020.
    1
  611. They only need minor reforms nothing special and also a desire to build out the system. If anybody believes allowing foreign government sponsored transport to dominate US waterways will benefit the US economy then they are naive
    1
  612. UK economy is stable and was not an export driven economy.
    1
  613. Cannot federalise 30 independent cultures.
    1
  614. A puddle might grow to a pond it will never be a lake.
    1
  615.  @apb2081  What do you mean brexit is not working? Has the UK been swallowed by the ocean.
    1
  616. Interest rates are too low in all of the modern economies. All it does is contain inflation at present but that does not mean it can control conditions over the long term. It may just be that the Federal Reserve is waiting for the economic fire to burn wild before they decide to turn up the water.
    1
  617.  @1painter4hire  It comes from supply and demand. Less products higher prices. With inflation it is prevalent at every level of the economy.
    1
  618. Trump will lose 2024 but doing this type of ballot strike down will only serve chaos.
    1
  619.  @reyalsregnava  Who is you? I am only pointing out that a ballot strike could create chaos and damage politics for generations. The stupid decisions made by trump around January 6th is not a reason to create chaos. The smart move would be to let Trump lose the 2024 elections and to then sweep the whole thing under the carpet.
    1
  620.  @jkin1447  How does immigration help demographics?
    1
  621.  @AP-iu2ty  I do not have a problem with immigration. The issue is that governments have a policy of migration settlement that is going to destroy most countries cultures.
    1
  622. No even close to being true. German can very easily perform operations within NATO and EU if it desires but chose independent operations. Most do not understand the trends at play.
    1
  623. He did do crazy things politically at the time. He is considered innocent until proven guilty. They could have got trump reprimanded politically without this type of chaos.
    1
  624. Birth rate in the US is only focused on US citizens.
    1
  625. Greedflation is fantasy.
    1
  626. Brazil is massive and is 4300km long and 8 million square miles. He is saying parts of Brazil and Argentina will have decisions to make as the economy of Brazil collapses through demographic decline. It takes 30 to 60 years to rebuild a demographic cohort.
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  627.  @diogomm710  They will only split if the rest of the country faces massive decline. The provinces in Canada will only become US states when the world goes crazy.
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  628. Young people are needed to keep an economy functioning. To give you an example it only has 5 million under twenties to replace 10 million mature workers. That means those young people will need to be four times more productive to replace that older cohort.
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  629.  @dachiarchvadze  10 million from 40 to 60 with a large proportion being around 60 years of age. 5 million under 20 years of age. There is about 2.5 million 59 to 64 year olds and only half that number of 10 to 15 year olds.
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  630. That’s were proofs start to become a powerful tool.
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  631.  @andreirazvan6051  I suspect we are all about to witness a global Great Depression with the US being the only real driving force on the other side of it. I think we are now past the point of your responsibility expectation in terms of producing results but such a depression might kick start responsibility.
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  632.  @andreirazvan6051  Most European countries have a public pension system that is suppose to be contribution based and growth makes up for the payments. They just do not have population foundations to keep such a system. France, Finland, UK, Ireland and Sweden do have a population structure.
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  633. A sad truth for sure for the world.
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  634.  @TatsumiyaLightning  It is not just about flat but certain geographic features.
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  635. And would you be in favour if the Chinese decided to try and dominate the waterways by government sponsored fleets.
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  636.  @TalonAshlar  That is what the currents Jones act does. Now there could be a system were the government authorities/department gives special clearance certs but beware of that as different administrations could apply that differently.
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  637. There is no short term solution and what there is has no political or societal consensus.
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  638. Biden will win like the last time.
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  639. Once German culture builds its military infrastructure it does not just go away. German culture always looks docile because it tends not to do rash things but moves slowly. So what will Poland do if German puts just 5% of its industrial might towards defences?
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  640. You mean they gave up on Afghanistan when they realised it was failing?
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  641. US supply is massive and far beyond what the US needs.
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  642. The US is a federation. I hope that cleared up some of your confusion. The US is not a democracy it is a republic.
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  643.  @raggedcritical  A republic and democracy are two different concepts. They cannot be mixed. I suspect you think voting is the same as a democracy.
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  644. I do not believe it is entirely down to the Jones act.
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  645. 99% of the world is un occupied. 1000 years ago there was plagues, famines, wars and they had children.
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  646. He says it’s present in both sides of the political aisle.
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  647. Intel a produce enough chips for the US but not the world. All the other players rely on much more complicated supply chains.
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  648. It might be to rock the boat but not too much. Each side might just be testing the boundaries to see the reaction
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  649. Most Texas gas is state and private not federal. Highly likely Biden is even aware of the actions Texas is doing as he has a lot of politics at the moment.
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  650. Storing grid level energy generated during the day to operate at night is very inefficient. So much so that the cost to performance is not economical. Converting electrical energy to mechanical and back to electrical is a terrible solution.
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  651. Nope. He used the word correctly.
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  652. We are already on that path and will get to a point of no return. People underestimate the ability of German to transform very quickly.
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  653. Did you not see how quickly Germany changed it world view in regard to Russia. Just some issue arises at 50 years of policy change over night
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  654. Both parties and the media are obsessed with the welfare state. It is good to have a safety net but to they use such public programs to dictate every government finance decision is bloody bonkers.
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  655.  @shawnnoyes4620  Clean coal plants are high technology and take out 100% of the soot particles and can also scrub the majority of gaseous molecules. They as a platform cannot provide 100% of the energy but they can be a fractional system. In some locations they can be very effective. In the UK first example they could fill in the gaps between nuclear and natural gas and the same for certain US states.
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  656. The only way Ireland can overcome its housing crisis is to deregulate planning. At present 50% of the cost of building a property in Ireland is planning based.
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  657.  @ajc5479  He said he is not directly concerned with Europe right now but other places that are further away and competing with Europe. What most of you do not understand is that Peter is not saying there will be people freezing to death but that industrial production in Germany is going to become uncompetitive.
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  658. It really depends on the engineering. You need to do some research ecause it is hard to know the actual design of the plant it could be doing several different things.
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  659. Explain how the issue is resolved?
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  660.  @mrp4242  Hundreds of square kilometres do not qualify as a micro state. The term means small such as the Vatican. 2 square kilometre Monaco does qualify.
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  661. American aid is just an accounting exercise. The president cannot stop those decommissioned arms from going out.
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  662.  @tzazosghost8256  The money being created is not at a scale that would devalue the US economy.
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  663.  @tzazosghost8256  The US historically has not oversupplied the money market which was the reason for the Great Depression.
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  664. The UK just voted in labour who will drive the economy backwards.
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  665. It would not be difficult for the US to switch it to complete warfare.
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  666. Imagine there was no Jones act now imagine what China and Russia would be doing to that network.
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  667.  @kadegreen5356  China has a massive small boat fleet that would flood that network.
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  668. Will you still hate each other when the world is breaking up into conflict and Brazil is in massive demographic decline.
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  669.  @BrunoGabrielAraujoLebtag  When there is a declining population that will mean economic contraction. What you may not realise is that central governments will not be capable of servicing the fringes. Things you take for granted today will not be so easily acquired. Those with the economic means will leave the area in favour of capital cities and those without will have choices to make. Everybody is very brave until there is no food, clean water and basic medicine.
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  670. I am not buying that there was a Europe wide policy in place that foresaw all of this.
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  671.  @arthurkineard7356  Giving extra money by it self does cause inflation.
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  672. Zero US politicians.
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  673.  @richardthomas5362  There is more money and easier money to be earned within the US. A US politician earns $200000 per year and has lots of US businesses looking for them.
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  674. Who is wearing the hat?
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  675. So just the same as it is then.
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  676. Most European countries need near to 20% for the next decade. And then they can maintain with a 4% of GDP military budget.
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  677. They will have issues as they will not be able to compete with American and Japanese cars on price.
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  678. So how are they going to trade internationally?
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  679. He is taking in broad sheet on the fly. And just to let you know your phone does not really have transistors at 5nm.
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  680. No. US national debts are not promissory based. Only about 20% as a maximum is based on debt.
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  681. Small modular systems can be factor built and are very cost effective. Politics is the main issue.
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  682. Anybody that thinks jet ski can operate in naval warfare is being naive. Mini subs did not do it to the US navy in WW2 and they will not win in WW3.
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  683. Why will they be uninhabitable?
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  684. Demographic issues in Canada.
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  685. The federal reserve sets interest rates end of.
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