Hugo

[lex hoogduin @lexhoogduin]

Ondergetekende zegt over het “ecosocialistische plan van Pikkety dat het integraal in de prullenbak mag: ondermijnt vrijheid, democratie, rechtsstaat en welvaart.⬇️

[ir. Wouter de Heij @deheij]

@Greenpeace koopt een rapport bij @Ecorys waarin met KDW/OPS wordt aangetoond dat wettelijke doelen die er nooit hadden mogen komen wel gehaald kunnen worden. Dus met #simcity sommetjes gaan we ongehoorde sociale en economische schade doorzetten. Bizar. https://t.co/2hxEZo4LVo @StikstofInfo

[MacroStrategy Partnership @MacrostrategyP]

What happens when the government spending is no longer creating even slow growth but causing actual decline & deindustrialisation?....Net Zero, NHS.

It’s not just direct spending by ideological governments, but also regulations that don’t create the utility to pay for themselves. They are unable to create a "positive return" on their investments, which leads to ever more "subsidy / spending" and then higher taxes, further destroying the private sector as a whole.

[MacroStrategy Partnership @MacrostrategyP]

***** The money printers are warming up, but global CB's will be late as always...

The BOE kept rates unchanged but said it was “ready to act” to see off risks from the war. The ECB kept rates on hold but policymakers expect to discuss hikes in the coming months.

https://t.co/smIpNl03Fo

Energy’s share of GDP rose to 7.52%, up 3.26 percentage points over the past 3 months. Whilst this could come down very quickly, if it doesn’t, then the associated change in terms of trade – energy’s share of GDP has gone up so something else’s share must have come down, likely starting with the savings rate - will mean a drop in productivity and thereby the productive demand for money, i.e. monetary deflation, which is why precious metals have come down so heavily.

This will rapidly lead to bank defaults, but in anticipation of that, bank lending and monetary growth is likely to slow heavily as banks try to protect their capital. Within that monetary deflation, we may see end goods inflation as people sell assets to buy goods, but it won’t last long if debt deflation starts.

If energy prices stay elevated, the central banks will have no choice but to cut interest rates, expand base money supply, or reduce bank capital ratios, to avoid monetary deflation and the associated debt deflation. If central banks raise rates, the monetary deflation and debt default will be that much worse. Judging by their comments and the markets, however, it looks like the central banks will end up reacting to events rather than getting ahead of them and forestalling them.
#energy #oil #InterestRates

[Ronald Plasterk @RPlasterk]

Heel goed stuk van ⁦@PBordewijk⁩ . Zeker lezen! https://t.co/Jhp7B4ODS6

[MacroStrategy Partnership @MacrostrategyP]

***** European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects today.
At a summit in Hamburg, 9 European governments will commit to accelerate the expansion of offshore wind power through large scale cross border projects, to hit their overall target of 300GW of offshore capacity by 2050.
Expanding offshore renewable energy “will contribute to promoting a stable, secure and affordable energy supply, drive local value creation, strengthen our industries and competitiveness, increase our strategic autonomy and generate jobs”, the draft said.
This statement is a complete denial of reality, highlighting why political constructivism always fails because it is a belief based system – what the politicians would like to be the case - rather than a reality based system of what the value of everything really is.

It is stunning that with so much evidence of the rising costs of this experiment that the politicians continue to press ahead, suggesting that they have too much capital invested in the failed ideology, and that the only way to change course is through the public voting for that change. #RenewableEnergy #windturbines

[MacroStrategy Partnership @MacrostrategyP]

If these so called entities don’t create the utility to pay for themselves, they are at the expense of capital, and therefore, rather than serving society, they are a cost to society.

All of GDP is ultimately just an energy conversion, energy production growth must rise, and as renewables’ low transformity eliminates itself from being reliable, thus so fossil fuels and nuclear are the only game in town.

[André Flach @ajflach]

Een zeer nuttige avond over de Utrechtse aanpak van het landelijk gebied. Hoe foutieve data en verkeerde interpretaties van feiten leiden tot een desastreus beleid voor het platteland. Als dit maar nooit de opmaat is naar landelijk beleid…
Met @GRotgers @mariannezw @agractie

[Mosab Hassan Yousef @MosabHasanYOSEF]

The Quiet Conquest

From the inside, it looks innocent—just kids at summer camps, families at mosques, neighbors sharing meals. But growing up in the West Bank, I saw only what few did: my father, Sheikh Hassan Yousef, wasn’t just a community leader. He was one of the architects of the Muslim Brotherhood’s project in the territories—a project that would birth Hamas. I was there in our living room when Sheikh Ahmad Yassin came from Gaza to plan with him. Not bombs. Not yet. Just schools, charities, mosques, research institutions. Building trust. Indoctrinating a generation. Waiting.

They were deliberately copying Muhammad’s playbook: fifteen quiet years in Mecca—no confrontation. Then Medina—war. The same pattern here. Gaza was the furnace—refugees, poverty, despair—so the most extreme branch grew fastest. The West Bank was slower—villages, some Christians, a better economy—so it stayed “pragmatic.” And inside Israel proper? The cleanest trick of all: Arab citizens with blue ID cards, passports, money, total freedom. They never threw a stone. Their job was simpler—funnel cash to prisoners’ families, to “martyrs,” to the machine in Gaza and the West Bank. Quiet donations from Israeli mosques; later, piles of cash delivered to Hamas operations in Gaza and the West Bank.

Israel watched. But Israel was puzzled by these elusive tactics. Muslim Brotherhood leaders flew far below the Israeli security radar, mainly by exploiting their Israeli citizenship and civil rights. Thirty-six years later came October 7. Half a century of patient preparation detonated in one morning.

That is not ancient history. It is the blueprint—and the same blueprint is already running on American soil.
Look at your campuses. “Students for Justice in Palestine” sounds noble, right? Same crowd, different mask. They don’t need to bomb buses here. They lobby, march, guilt-trip, invert reality: turn “Free Palestine” into “Zionists are evil,” turn Jews from fellow citizens into the enemy overnight. Sabotage a multi-trillion-dollar aerospace defense pact with Israel. Fool Americans into thinking Israel is a liability rather than the greatest American asset.

Qatar wires billions to American universities and mosques, appoints imams who preach “interfaith” until the megaphone is handed to them—then it’s pure fire against Israel. Same double mask: charity fronts, hugs for the cameras, while underneath they fund hate abroad and fracture you at home.

They don’t need tanks. They need ballots. Look at Zohran Mamdani—barely religious enough to qualify as a real Muslim Brother, but they backed him anyway. Why? Power flex. Proof that a tiny, disciplined minority can swing an American city. Next stop: Congress. Senate. Governors’ mansions. Anti-Israel bills multiply. Taxpayers are shamed daily for “funding genocide.” The U.S.–Israel alliance bleeds.

Christians march beside them now. Communists too. Ideology doesn’t matter—only the priority list. And priority #1 at the moment is the Jews. Seven million American Jews—disproportionately successful, disproportionately influential—are painted as the root of all evil. Guilt them. Isolate them. Watch the economy wobble when its most productive citizens are under siege. Moral panic spreads. You’re too busy screaming at each other to notice who’s pulling the strings.

This is not invasion. This is erosion. They wait for the cracks—riots, recessions, scandals—then push harder. A weakened, divided America fighting itself is their entire goal. Collapse without a single shot fired—just silence from the people who should have spoken up sooner.
We let it slide back home. Don’t make the same mistake here.

Next time you see the summer camp, the “human-rights” rally, the “interfaith” event—ask two questions:
Who is really paying?
Who is really leading?

Because once the living room becomes the battlefield, it’s already too late.

— Mosab Hassan Yousef

[MacroStrategy Partnership @MacrostrategyP]

***** Whoever cracks cheap scalable fusion energy first will gain a significant advantage; access to an energy source that is abundant, carbon free and not tied to unstable supply chains, giving them a lot of geopolitical muscle.

The USA wants to lead this race.....

TAE Technologies, one of the leading nuclear fusion companies, announced yesterday that its Norm machine has exceeded expectations in plasma temperature, field reverse configuration stability, and machine efficiency. As such it will skip its previously planned 6thgeneration machine and proceed directly to the development of its Da Vinci fusion power plant.

This leap forward positions TAE on the quickest and most efficient route to a significant opportunity in the multi-trillion-dollar power generation market and a pathway to clean and scalable power that will enable AI’s full potential”

[MacroStrategy Partnership @MacrostrategyP]

***** The associated loss of capital from financing this massive A.I bubble has not only been economic but social, resulting in growing anger, populism, distrust, and breakdown of culture and society. If the A.I bubble bursts, can the system survive the central bank printing a load more money, taxing those with fewer resources, to sustain the constructivist government?

By borrowing growth from the future, we have been suffering an illusion of prosperity. If the AI bubble bursts, we may not have sufficient capital to prevent that illusion being unveiled for what it is; there may not be the real economy cashflow to sustain the illusion anymore.

[MacroStrategy Partnership @MacrostrategyP]

***** Oil demand to keep growing until 2050...

World oil and gas demand could grow until 2050 the IEA said, departing from its previous projection that oil demand would peak this decade. It expects global oil demand to reach 113m bpd by 2050, up 13% from 2024 levels. It predicted that global energy demand will climb by 90 exajoules by 2035, up just 15% from the present level, which is similar to the last 10 years. It noted that final investment decisions for new LNG projects had soared this year. Operations for about 300bn cubic metres of new annual LNG export capacity will start by 2030, marking a 50% increase in available supply. The market will increase from 560bn cubic metres in 2024 to 880bn by 2035 and 1.02trn by 2050.

https://t.co/Z4eGUsmCG7

[MacroStrategy Partnership @MacrostrategyP]

***** Nearly a quarter of the electricity generated by wind turbines is being wasted because of inadequate grid capacity...

China's energy administration said it will push renewable energy use beyond the power sector over the next 5 years to try and better absorb the country’s booming solar and wind output. Provinces and power producers should help local governments build their industrial bases to absorb the renewable energy, with green hydrogen, green ammonia, green methanol and sustainable aviation fuel, the National Energy Administration said. Finding new outlets for renewable power is becoming more urgent due to the excess energy – curtailment - it produces. This is expected to be a focus of the next 5-year plan. China’s renewable capacity factor last year was just 14.87% - (solar 10.79% and wind 21.81%) – highlighting just how expensive, or low quality, this energy is. 14.87% means a range of production between 0% and 6.7 times that average (i.e. 1 / 0.1487).

Whilst China has been running a very clever game of selling the solar cells and wind turbines to Europe for very little money, knowing that the high cost of the electricity would deindustrialise them, thereby allowing other Chinese industries to benefit, now they are going to start pricing out their own industry. (In the UK, SSE admitted that nearly a quarter of the electricity generated by its wind turbines is being wasted because of inadequate grid capacity, leaving the turbines having to be constrained. With a capacity factor of 23.26%, the grid would need to have 4.3 times the average use capacity to absorb all this electricity, raising costs dramatically).

https://t.co/Z4eGUsmCG7

[MacroStrategy Partnership @MacrostrategyP]

***** World Energy Growth keeps sliding down...

If we want to grow the economy, have a better standard of living, and even extend our life expectancy, we need to increase energy production growth. Where is that going to come from?

World energy production growth has been slowing for decades. This is made worse by the makeup of the energy being increasingly of low transformity, which means more of it is being used in the subsidy of its own production, accommodating the intermittency and variability of renewables, leaving less available for productive use. This also means that the energy production is being borrowed from the future. As all of GDP is just the sum of energy conversions, this has meant slowing world real GDP growth, resulting in the political and social decline that we see today.

[MacroStrategy Partnership @MacrostrategyP]

***** We need more Fossil Fuels and Nuclear!!

Renewable energy is a non-starter. Even as it stands, renewable electricity costs around 5 times that of conventional electricity, but when fully costed, it is far more expensive.

Adjusting for the subsidy from using high transformity energy to build, transport, install, and even use or convert – (all our capital stock has been built on high transformity energy) - the energy from the wind turbines, solar cells and batteries etc, the EROIE falls well below 1, meaning it is an energy sink.

As of the end of 2024, renewables supposedly accounted for 5.5% of the world primary energy mix – (5.9% of North America’s, 10.4% of Europe’s, and 5.5% of Asia’s) - however, when fully costed, there is no net energy being generated by renewables. The renewable electricity doesn’t create the utility for its own production but instead is subsidised almost entirely by the degradation of the internal energy gradient of the economy’s driven by ideological politicians.

Through adopting renewables, countries are committing economic, and thereby cultural and social suicide.

[MacroStrategy Partnership @MacrostrategyP]

***** When the crash comes, it will be just more stimuli...

The system has become so bloated and unproductive. Constructivist government policies, imposing prices other than in accordance with the utility they create, destroy capital, reducing productive demand.
Unfortunately, over the past 40 years or so, government has responded to the slowdown of its own making with lower interest rates and other “stimuli”, creating bubbles and destroying more capital, from the Savings and Loans crisis resulting from Greenspan lowering rates after the 1987 crash, to the Asian crisis, the https://t.co/4lJuqiFSiu bubble, the housing crisis and GFC, to what is now probably the biggest bubble of all...the AI Bubble.

[lex hoogduin @lexhoogduin]

Deze korte video van @lidewij_devos met een duidelijke visie en keuzes, lijkt bij veel mensen een snaar te raken. ⬇️

[MacroStrategy Partnership @MacrostrategyP]

***** Tech Data centers.....the absurdity of it..

Sam Altman’s OpenAI has announced commitments equal to 17 nuclear plants or about 9 Hoover Dams to power the planned 17-gigawatt data centres with Oracle, Nvidia and Softbank. That is equivalent to the electricity demand from more than 13 million U.S. homes....wow, that's huge

At roughly $50 billion per site, OpenAI’s data centre projects add up to about $850 billion in spending. Altman insisted that the building boom is in response to soaring demand, highlighting the tenfold jump in ChatGPT usage over the past 18 months....um,okay, you sure about that?!

He said a network of supercomputing facilities is what’s required to maximize the capabilities of AI. “This is what it takes to deliver AI”. “Unlike previous technological revolutions or previous versions of the internet, there’s so much infrastructure that’s required, and this is a small sample of it.”.....so this is just the start of it so I can keep using ChatGPT for $20 per month and never cancel my sub...wow, okay!

Others are saying, the tech companies are in so deep, they don’t have a choice but to continue throwing good money after bad until they run out of money and the system implodes....actually most people are saying this now.

[MacroStrategy Partnership @MacrostrategyP]

A gigawatt is akin to the capacity from one nuclear reactor which can provide electricity for roughly 750,000 American homes, or about 0.5% of all homes in the United States. Electricity bills are projected to surge by more than 20% this summer in some parts of PJM Interconnection's territory, which covers 13 states from Illinois to Tennessee, Virginia to New Jersey - serving 67 million customers in a region with the most data centres in the world. The higher prices will squeeze out households and industry. While high auction prices - they rose 800% at last year's annual capacity auction - establish a rate that makes new capacity viable, the new plants are not coming on fast enough, so spare capacity is being depleted. PJM said the supply and demand crunch has been caused by state energy policies that have closed fossil fuel power plants prematurely and data centre growth in "Data Center Alley". "Prices will remain high as long as demand growth is outstripping supply" "Right now, we need every megawatt we can get".

[MacroStrategy Partnership @MacrostrategyP]

The outsourcing of jobs and production to China has obviously contributed to the social breakdown of the Western societies, especially Britain where primary energy consumption has declined by 34% from its 2005 high, leaving it consuming down its internal energy gradient. This has also been made worse in Europe by the adoption of low Transformity renewable electricity, which costing around 5 times the price of conventional electricity, has destroyed capital. As Jamie Dimon recently said, in just a few short years, Europe’s economy has fallen from 90% of the size of the U.S. economy to 65%.