The price mechanism is the single most important element of the market economy

Broken supply-chains are the story of the moment but what I find truly remarkable is that virtually no one any longer understands that it is the price system, and the price system alone that allows the supply-chain to operate. I have discussed this before. This is virtually no longer part of the economics curriculum but if you would like to understand why it matters, there is this that you might find of interest: I, Mechanical Pencil: Why a socialist economy can never work.

This has come to mind having come across this today: “There are only nine meals between mankind and anarchy”. This is the introduction to the article.

Alfred Henry Lewis’ observation dating back to 1896 still rings true. There is a thin line between society and anarchy. It’s thinner than we want to admit.

Here is the final para of the article:

There is a thin line in society, between food and anarchy, freedom and repression, liberty and tyranny, safety and street violence. It’s thinner than we want to admit, and it’s being pushed to its limits on purpose by ideologies that want to deconstruct our society. Tearing down society is a dangerous game.

Absolutely true, but nowhere mentioned in the article is the essential role of the price mechanism in bringing food to your table, along with everything else. It is the price mechanism that makes the capitalist system indispensable. That this is not common knowledge makes our way of life vulnerable to being driven into the sand by socialist loons such as the American President who has done much to undermine the supply-chain networks across the United States.

More trouble in the green paradise

How one disaster leads to another, the crisis in European high tech caused by the energy fiasco. European silicon output shrinking, metal smelters closing as electricity prices quadruple.

For high tech nerds and market watchers, the chip situation worldwide. But don’t worry the EU will legislate to fix it! EC president promises European Chips Act to quadruple homegrown production by 2030.

Ursula von der Leyen

SA the wind leader running on gas and coal

Approaching breakfast-time SA is importing half of its power from Victoria and 94% of the local generation is gas. The turbines are running at 2% of capacity and providing 5% of demand.

Victoria is generating a small excess of power but not enough to prop up SA without help from Tasmania and NSW. The Victorian windmills are running at 12%, just above wind drought level, and providing 8% of local generation, with coal delivering three quarters of the supply and gas 5%.

Across the NEM the wind is delivering 3.7% of consumption, running at 8% capacity and the fossils are giving 83% (coal 75%).

This is the snapshot at the time. In each state the upper, coloured bar shows generation and the lower (grey) bar is demand.

Continue reading “SA the wind leader running on gas and coal”

“A massive fraud has been visited upon a fearful and credulous public”

From David Solway at The Pipeline: Something Wicked Really Does This Way Come. His first para:

After almost two years of intensively studying the chemistry of viruses, the nature of the Covid pandemic and the policies adopted to combat it, I’ve concluded, as have many others, that a massive fraud has been visited upon a fearful and credulous public. And after examining innumerable podcasts and blockbuster video interviews conducted with highly credentialed virologists and public health experts, most recently with Professor of Medicine at Stanford University Dr. Jay Bhattacharya, leading cardiologist Dr. Peter McCullough, the inventor of core mRNA technology Dr. Robert Malone, and Michael Yeadon, a former VP at Pfizer, what I once thought sounded like a conspiracy theory may well be a conspiracy fact.

David goes on with this.

We learn that hospitals have been financially incentivized to report and inflate the numbers of doubtful cases and mortalities, and that deaths “with Covid” were routinely conflated with “from Covid.” Injuries and deaths due to the vaccines have been largely downplayed and hidden; voluntary reporting sites such as VAERS in the U.S. and Yellow Card in the U.K. are grossly unreliable. We learn that the vaccinated are susceptible to infection and shedding at rates equal to or higher than the unvaccinated. Emergency-use legislation shields Big Pharma from legal proceedings initiated by those who have suffered from the vaccines. Meanwhile, as former New York Times investigative reporter Alex Berenson reports, quoting the U.K. Office for National Statistics, the vaccinated are dying at twice the proportional rate of the unvaccinated.

And if you are unaware of this, you have not been paying attention.

In the words of Robert Malone and Peter Navarro, the vaccines “can trigger serious cardiac and thrombotic conditions, menstrual cycle disruptions, Bell’s palsy, Guillain-Barre syndrome and anaphylaxis. Male children appear particularly prone to myocarditis while, post-vaccination, individuals may have suppressed immunities that make them vulnerable to other diseases.” Young children of all ages, who have no need for protection against Covid, are at considerable risk from the inoculations, and pregnant women are prone to miscarriages and stillbirths. These Pharma products have been rushed to market and have not undergone the standard 5-12 years of testing. No one knows what the future portends for those who have received the jab.

You might say that the following is his conclusion, except that it is only about half way through the article.

The circumstantial evidence for nefarious intentions among government leaders and bureaucrats, Big Pharma, media, left-wing plutocrats, academia, the World Economic Forum, and the medical establishment is impossible to ignore. The extent of the alleged collusion is mind-boggling, and yet it seems entirely plausible given the astronomical sums and consolidated power involved. 

You should read the whole thing. We try to pretend that only if one lived in a Bond movie could anything like this be true, but sometime, perhaps this time, reality may turn out to be stranger than fiction.


How many in England and Wales died solely from COVID without any underlying causes between 2020- 2021 Q3?

Following a FOI request, the Office for National Statistics released the following figures:

2020: 9400 (0-64: 1549 / 65 and over: 7851)

2021 Q1: 6483 (0-64: 1560/ 65 and over: 4923)

2021 Q2: 346 (0-64: 153/ 65 and over: 193)

2021 Q3: 1142 (0-64: 512/ 65 and over: 630)

In total, 17, 371. The usual quoted statistic of deaths within 28 days of a positive test over the same period is 137,133. As Dr. John Campbell notes in the accompanying video,

the average age of those that died solely from COVID is 82.5 years of age. This is slightly above the average of death. A little over 78% of those that died solely from COVID were over 65 and given the average age at least half of them 82.5 years or over.

I saw this reported on GB News by Farage yesterday,

but I can’t for the life of me recall a single news outlet here in Australia report this story and the FOI request was released on 16 Dec 2021. According to Dr. John Campbell, no major news outlet in the UK has reported this story either (beyond GB News). Not Sky, BBC, ITV, etc.

This is a terrible state of affairs. We have incompetent, malevolent, and self-interested political actors everywhere and a media unwilling or incapable to hold them to account.

Covidiocy may be about to end

Are we beginning to see the beginning of the end of Covidiocy? First this: England Ends All COVID Passports, Mask Mandates, Work Restrictions. Undoubtedly pushed along by the fact that no one in authority takes Covid seriously, only the media and the population. That is why all over the political class there are so few who wear masks in public unless they are being knowingly photographed. So in the UK:

Restrictions including COVID-19 passes, mask mandates, and work-from-home guidance will be removed in England, UK Prime Minister Boris Johnson announced on Wednesday.

And now this as well: Europe considers new COVID-19 strategy: Accepting the virus.

With one of Europe’s highest vaccination rates and most pandemic-battered economies, the [Spanish] government is laying the groundwork to treat the next infection surge not as an emergency but an illness that is here to stay. Similar steps are under consideration in neighboring Portugal and in Britain.

A few examples.

PICTURED: Maskless AOC raises a cocktail at dinner in Miami Beach | Daily  Mail Online

Maskless Pelosi branded 'hypocrite' for breaking rules to get hair done at  shut salon after pushing Covid restrictions

Victoria Premier Daniel Andrews fined $400 for mask breaches after he  admitted it was an 'oversight' | 7NEWS

Do you think that if they thought there was any serious danger they would behave like this?