BCG Report: $37 trillion needed to achieve 2030 climate goals

My continued advice for the asset owners

I am warning the reader that the asset markets will continue doing well, regardless of sentiment, as the international elite need to achieve their 2030 objectives. This means that the governments, who are just customer service windows for the globalists, must continue spending the many trillions of dollars needed to achieve their lofty goals.

As reported in this Bloomberg article, of the $37 trillion needed to achieve the 2030 climate and other targets, $18 trillion of it has yet to be sourced. Of course, this means that this $18 trillion will most likely come from fiscal deficit spending.

Thus, we want to continue owning the income generating assets. Given the secular inflationary growth that has been caused by open borders, rapid demographic shifts, dubious crises, and multiculturalism, United States real estate and equities are still the place to be. All of these quixotic goals require many trillions of dollars in fiscal deficit spending. This also means that fixed income investors are going to continue paying a steep price. Indeed, bond holders and taxpayers will be stuck with the vast majority of this burden.

All of this additional spending will cause money stock measures to continue increasing, much to the chagrin of the diverse common man, and will put a floor underneath inflation.

Diversity is a weakness, not a strength, which is why it’s pushed so forcefully upon the unsuspecting population. Diversity shatters resistance and push back, so do not look for any deceleration in the promulgation of the globalists desired targets. Despite the propagandizing to the contrary, this decade will prove brutal financially for the average person. Only those who can hold on to their income generating assets can keep their heads above water and prosper. For those of us who already own these assets, we must tune out the double-mindedness in the media, because we already know the outcome. These 2030 goals must be met.

While asset owners will eat well and live a life of luxury, the taxpayers will eat Soylent Green

The following is an unedited Bloomberg article discussing this matter and reports on a BCG study indicating that out of the $37 trillion dollars that is needed, 18 trillion dollars is being withheld due to red tape and political reluctance. This indicates to me that the massive multi trillion dollar deficits will remain and become a permanent feature until at least the end of the decade.

We have studied in great length about how deficit spending enriches those with the income generating assets, while destroying the financial lives of the many. This is all intentional and I am warning those who are reluctant to ostensibly pay up for assets now. Barring a global conflict, we will look back a few years from now and think that today’s house and stock prices are relatively cheap.

Red Tape Holding Up $18 Trillion Needed for 2030 Climate Goals
5 hours ago

(Bloomberg) — Grid constraints, the still high cost of green technology and planning delays are holding up $18 trillion worth of investments needed to reach global 2030 climate goals, making any rapid energy transition increasingly unlikely.

The incorporation of renewable and other low-carbon sources of energy must happen three times faster than previous fuel transitions to limit global warming to 1.5C (34.7F) above preindustrial levels, according to a report from management consulting firm Boston Consulting Group.

“There’s still some blue sky from getting from policy tailwinds to viable business cases,” Maurice Berns, chair of the group’s Center for Energy Impact and one of the report’s co-authors, said in an interview. “We need to get past the top level and into more implementation, the regulations, the disbursements, the actions needed at state level and member state level to get us there.”

Fossil fuel emissions are warming the planet, triggering extreme weather, from flooding in India and the US to wildfires in Greece and Canada. July was the world’s hottest month on record.

Current policies and the speed of the energy transition in sectors such as industrial manufacturing and buildings would permit warming to 2.7C by 2100, which is “woefully insufficient.”

The main shortfall in funding was in the electricity and end-user categories, where the gap was primarily of investments in renewable power, the report said.

“For renewables, the higher cost of finance negatively impacts the cost of renewable energy produced, increasing the competitiveness of fossil investments,” it added.

Several studies have assessed the investment requirements and gaps in the world’s energy transition targets. According to BloombergNEF, global annual investment needs to triple throughout this decade in order to achieve a net zero emissions world by 2050. Current levels of capital spending are not aligned with that goal, the BNEF report shows.

However, the world already has the tools and capital needed to effect the changes, the BCG report said. Out of the $37 trillion needed by 2030, roughly $19 trillion has already been committed, the consulting firm calculated by using a bottom up build methodology across 270 energy companies.

Governments and the private sector need to need work together on finding a way to bring down the cost of deploying low carbon technologies and make the business cases viable to bridge the $18 trillion gap. That’s where policies like the US Inflation Reduction Act can help, according to the report.

In the UK alone, it’s estimated that there’s about 220 gigawatts capacity — about two-thirds in wind and the rest in solar — in the connection queue, while in Spain there’s about 180 gigawatts in the queue, which is also similar across systems and countries around the world, Berns said.

“It’s not a technical challenge because we know what technologies we need to put into place and they exist,” he added. “It’s a matter of getting a bit of acceleration into the system, to see things progress.”

©2023 Bloomberg L.P.

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35 thoughts on “BCG Report: $37 trillion needed to achieve 2030 climate goals

  1. Opinion: This oil chart will scare the socks off you

    Published: Sept. 8, 2023 at 8:26 a.m. ET
    By Brett Arends


    If your coffee isn’t giving you enough of a jolt this morning, just check out this chart from Bank of America.

    It shows how U.S. stockpiles of oil have collapsed. They are now a third below their long-term average levels and at the lowest levels since 1982.

    We usually have more than two months’ supply of crude oil. We’re down to 46 days.

    This is one reason why oil CL.1 BRN00 is now at a 10 month high.

    This follows steep production cuts by leading oil exporters Saudi Arabia and Russia (the latter, apparently, able to afford them despite about 18 months of global sanctions due to its invasion of UKraine).

    Meanwhile, “world oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity,” reported the International Energy Agency.

    The IEA says inventory levels are low worldwide.

    This comes at the end of the U.S. summer season, traditionally a time of very high demand. The picture may improve this fall.

    But it leaves the economy at risk from an oil shock. Combined with record high house prices and rising interest rates, it means 2020 is looking a little more like early 2008 than investors might find comfortable.

    Predictably, big money managers were giving up on energy stocks (and commodities generally) in June and July, just around the time they… er… bottomed out. Since the start of July the SPDR Energy Select Sector ETF

    XLE, which tracks U.S. energy stocks, has earned you a storming 11%.
    Over the same period, the figure for the rest of the stock market VTI is about 0.4%.

    By funny coincidence the market just passed the three-year anniversary of the day oil giant Exxon Mobil XOM was kicked out of the Dow Jones Industrial Average DJIA, to be replaced by cloud software company Salesforce CRM .

    The media hailed this as a landmark of the new economy, and of the imminent death of oil and fossil fuels.
    Since then Exxon stock has more than trebled in value, earning 230% including dividends.

    The Dow? Try 29%.

    Meanwhile Salesforce stock has lost about 19%.

    The death of oil, like the infamous 1979 “death of equities,” may have been exaggerated.

  2. This is what happens when a an important Christian nation drops Jesus and the Bible from its consciousness. I pray at least 2 to 3 times a day, expressly to the God of Abraham Isaac and Jacob, in the name of Jesus Christ. It completely changes my outlook on everything. Don’t pray for the world, pray for your circumstances and for those in your immediate circles. Pray for your like kind people, because no one else is. I always include a prayer for those who stop by my blog.

    UK Companies Brace for Growing Cost From Mental Health Crisis
    14 minutes ago

    (Bloomberg) — Demand for company-funded mental health services is soaring in the UK, a sign that the private sector is increasingly picking up the tab for a wellbeing crisis the government is struggling to fund.

    Health Assured, which provides employee assistance programs for more than 70,000 companies, is forecasting a 16% increase in wellbeing referrals next year. It has boosted its staff 76% in the last three years to supply more clinical experts who provide services like counseling and referrals for workers who have issues.

    “What we are doing is prepping for the cost-of-living crisis impacting people more and more in the new year, especially for people on middle incomes with mortgage rates rising,” Kayleigh Frost, head of clinical support at Health Assured, said in an interview.

    The shift reflects a growing mental health crisis in the UK, with a record 1.35 million people out of the labor market long-term due to depression, anxiety or bad nerves, according to figures from the Office for National Statistics. That’s a 40% increase on 2019.

    Prime Minister Rishi Sunak’s government is concerned about a surge in long-term sickness among those of working age, which is both increasing costs in the National Health Service and leaving the labor market short of people to fill jobs. That’s in turn driving up wages and feeding inflation, putting pressure on the Bank of England to keep raising interest rates.

    Almost 900,000 are also economically inactive with mental illness, a 32% increase on 2019. Finding a solution is likely to be a fixture of Chancellor of the Exchequer Jeremy Hunt’s autumn economic statement on Nov. 22. The growing number of sick working-age benefit claimants could cost the Treasury £15 billion ($18.7 billion) in lost taxes and higher welfare, the government’s independent forecaster said in July.

    At the same time, the NHS is struggling to cope with those demands following the fallout from the Covid-19 pandemic and strains on its funding. The result is that companies are increasingly picking up the tab when employees run into trouble.

    The shortfall in NHS capacity is putting a strain on EAP providers that companies increasingly rely on. Health Assured has increased its trauma-trained network of practitioners by almost 20% in the last year to cope with demand from companies desperate for their services.

    “We could be overwhelmed because of the capacity of counseling resources,” said Karl Bennett, chair of the Employee Assistance Professionals Association UK.

    Sunak’s government is looking to reduce the number of Britons declared too sick for work by reforming the system of “fit notes” issued by doctors. Lawmakers are concerned about how the system currently operate, since they are used by employees and those not working to support claims for financial assistance.

    The Department for Work and Pensions has hinted that employers must take more responsibility for the problem too as office workers increasingly face burnout. The reforms include allowing mentally ill staff to work from home more and encouraging employers to expand their occupational health offer.

    Employee Assistance Programs are quickly accessible by workers and a growing part of the benefits companies offer, costing an average £14 per employee per year in 2020, often with a return on investment.

    Meanwhile, many treatments on the NHS require a long wait. More than 66% of patients waiting to start mental health treatment through the publicly funded body were waiting as long as 18 weeks in June. That fell short of the service’s target to serve 92% within that period.

    Health Assured is increasingly seeing referrals from patients who have been sent by their doctors, as a result, according to Frost. It’s had to increase salaries to attract more staff, she added, and has also pre-empted a graduate program to add to its counseling fleet for next year.

    There’s also been a surge in job ads offering part-time counseling and therapy work, data from job site Adzuna shows. There were 96 part-time therapist roles advertised in August 2023 versus 10 for that role four years ago.

    Some of this growth is down to the lasting mental toll of the pandemic, said Kris Ambler, workforce lead at the British Association for Counselling and Psychotherapy. It could also be down to changing attitudes in workplaces and the cost of living crisis, he added.

    The Retail Trust, a charity that supports more than 200 UK retailers, provided 5,994 counseling sessions in 2017. That soared to 10,316 in 2022. It’s also seeing an increase in the number of businesses seeking their support, with firms including BP Plc and WH Smith Plc partnering with the trust for the first time this year.

    “Everything from the cost-of-living crisis to a rise in abusive customers and the financial and mental strain brought on by the pandemic is having a real impact on people working in retail,” said Chris Brook Carter, chief executive officer of the trust. “This has led to more retailers working with us to protect the wellbeing of their staff.”

    ©2023 Bloomberg L.P.

    1. I see it at work. Out of the people I converse with about half of them are on anti anxiety depression meds. It’s also hard to deal with these people and their mood swings.

    2. This is why it is much better to work at home. Working in the office is a living hell if more than half of the people in the office, especially the Boss, have anxiety or other psych issues. Then there are things you can’t say or do because of snowflakes that could have a meltdown which constrain the ability to enjoy interaction at work. In addition to difficult people, office workers are required to dress in a certain way.
      Even worse, employers feel they own your body by requiring vaccines.
      Is it a small wonder why people do not want to work for employers anymore especially with pay not keeping up with inflation.

      Be the asset owner so you have the option to work at home on your own terms.

      1. It takes work and calculated risk to do what I do and the vast majority of the NPCs in America are unwilling to do it. Most of the people here in the states are what I would consider non-player characters or NPCs. They don’t have an original thought in their brain and function according to a computer program which is similar to a computer generated character in a video game that is not operated by any of the players. They are reprobate and degenerate and operate in a fashion that I would consider similar to a zombie. And we wonder why the DoD Pentagram and DARPA promote the zombie genre so heavily. That’s what they think of us.

        I digress…

        For instance, I have been sleeping on an air mattress for the past 10 nights at one of my properties as I work on my latest purchase. Even though I’m sinking in about $20,000, I am saving myself at least that much, if not more, by doing the work myself. My goal is to get this thing rented out as quickly as possible, and with the amazing cash flow that this property will accrue, I am that much further down the road.

        People don’t do what I do, because it takes work and they don’t feel like doing it. Don’t invest in real estate through paper. I invest directly by holding the properties in entities I control. This particular property is owned free and clear and though I didn’t get a screaming deal, I got a decent deal and this house will attract excellent tenants.

        When I was younger I was willing to buy properties in areas that I would not necessarily care to live in, and I still recommend this to those who are just starting out. This is especially true with properties in predominantly black and minority areas. But as I get older, I am purchasing properties in areas that I would want to live in. People ask me what I’m going to do with these properties and I tell them I will let my heirs figure that out. I’ll just go about doing my daily routines until I can’t do it anymore. My back feels excellent, so I can continue doing what I like doing best. Doing what I do takes work and learning, and people don’t want to do it. Because of my desires to continually learn about how the world operates, I’ve developed a unique skill set, which includes a unique understanding of finance, economics, math, demographics, and behavioral psychology, as well as carpentry skills over the past 25 years that have powered my SFR investment activities. Effective property managers also need to take a page out of the Bible, which tells us that man is inherently wicked and not good. Landlords who lose their shirt are under the misconception that people are inherently decent. The Bible tells me otherwise.

        While everyone I talk to sees craziness, I see rhyme and reason. While others defer out to the so-called experts on all matters, I mock the establishment hacks. While all others I come across are stuck in the left/right paradigm, I power through untouched by the filth of contamination. My God has been very good to me, despite all of my best intentions to sabotage my existence. No matter what we do, success takes work and a lot of people just aren’t up to it. They suffer from inertia and social proof. Theit psychological deficiencies preclude them ever doing anything different.

        Whatever you do to succeed, take a look around you, see what everyone else is doing, then take the contra. For years I’ve had to endure the prognosticating bullshit of Realtors and housing economists who couldn’t even figure out what to cook for dinner.

        While all I hear is talk of housing bubbles, I’m still predicting that house prices stateside will mirror those of other second world nations and that of the former Commonwealth states. And the United States is now a second world nation. A second world nation is a former socialist or communist industrialized nation, like the former Soviet satellite states. The only difference with regard to America is that it has the dollar, which has actually kept house prices relatively low for its residents, as the USG and Fed exported monetary inflation for decades. That period has ended subsequent to COVID.

        Unfortunately, for the nation of multicultural douchebags that now exist here, the US, with its left policies and monetary largesse, will see house price to income multiples increase to the levels of other second world nations. I often marvel how people can afford house prices in countries where the multiple is 10 times and greater. All we have to do is wait another 7 years or so to find out here in America.

        I am warning you all to figure out how to hold on to your real estate and stop bitching and moaning about rising expenses. Whatever your costs happen to be just pass them along to the tenant with higher rent. If you want to get back at the liberal assholes, be their landlord and have absolutely no compassion on the reprobate tenant.

  3. China’s economic woes mount with the yuan hitting a 16-year low

    •The yuan has plummeted against the dollar this year, as China’s economy stagnated.

    •Now, the struggling currency has dropped to a 16-year low versus the dollar.

    •The yuan latest drop came as official data showed Chinese exports declined for the fourth straight month.

    •The Chinese yuan fell to a 16-year low against the dollar as fresh economic data fueled concern a slowdown in the world’s second-largest economy is deepening.

    •The onshore yuan declined past 7.32 per dollar Thursday to its weakest levels since 2007, even as the People’s Bank of China intervened to curb the slump.

    •It’s now fallen almost 6% year-to-date, dragged down by signs that China’s post-COVID recovery has failed to materialize.

    The latest leg down in the currency came after official data showed China’s exports contracted for the fourth month in a row, falling 8.8% in August from a year earlier. That followed a 14.5% drop in the previous month.

    China is facing a slew of economic headwinds at the moment that includes a depressed manufacturing sector, rocketing youth unemployment, and an imploding property sector. Economists remain pessimistic on the Asian nation’s economic prospects – forecasters polled by Bloomberg have cut their growth expectations for both 2023 and 2024.

    The yuan fell in four of the last five months through August, and is extending the weakening streak in September.

    Last week China rolled out new measures designed to prop up the struggling currency. The PBOC said that on September 15, it will slash the amount of foreign currency deposits financial institutions are required to hold from 6% to 4%.

    This move was aimed at increasing the supply of foreign currencies in local markets, making the yuan more appealing as an investment for Chinese traders.

    1. That is one very weak link in the chain of BRIC currencies. I cannot see how they will pull off this gold backed BRIC currency.

    2. I keep thinking that the PRC government MUST export millions of people or it will go under. Africa is the colony target, I think. Drop 300 million Chinese in Africa. That will be interesting…

      If the blacks there think white men are a problem, the Chinese will prove to be much worse. Suggest the read “Ways That Are Dark: The Truth About China,” (1933), by Ralph Townsend.

  4. This article appeared today across all major global news outlets.

    Prior to COVID, my wife and I had remarked on the number of women under 55 we knew who had died or were dying of cancer (breast or kidney). None of them were smokers or drinkers, some a little overweight but not terribly so. There is no mention of birth control pill usage being a contributing factor – something we were aware to be common to everyone we knew that passed.

  5. Nuke hoax is still on the table. All their policies can be implemented in a very short time frame. The explosion doesn’t have to occur on American soil. Could be in the Ukraine and just one explosion or no explosion, the media can sell a fake nuke explosion. The population was primed with shut downs during covid. They leave the media on for a few days after announcement, they everything goes black for 4 months. When we come back online, marshall law, they have total nationwide and global control, mandated vaccines, only electric vehicles, cbdc, climate goals, Agenda 2030 in full force, etc…no debt, no property ownership, no savings, no more money, investments, or stock market, no more churches or services, no waiting around for decades to achieve something.

    Everything goes to zero and starts brand new. Immediately!

    I’m not sure why they haven’t done it yet. Right now is the perfect time.

  6. Hi Evans – Are there any investment vehicles that would give someone exposure to the real estate and rental income-generating asset market you suggest being in here (without actually having to buy, hold, and manage a rental portfolio) that you would recommend? Something that also provides an income stream as well, eg, dividends, etc?
    I’m just not seeing an opportunity to buy houses and become a landlord in my immediate future, but a vehicle may give someone exposure to this in a investment portfolio.
    Thanks for all you do!

    1. R
      If you want to invest in residential real estate without laying out big cash for a complete house
      then you may want to consider this site Arrived homes:

      You can invest as little as $100 in different houses. There are some catches, however:

      1) Be prepared to lock up your money for several years. It is tough to get your money out without substantial penalties if you need it .

      2) There is a lack of geographical diversity.
      Arrived focuses on houses in the Midwest and South probably because they are the best values for price versus rent.

      3) There is always the risk that the rental income may not come in as well as expected so there may be little or no returns.

      I have not put any money into Arrived homes because I do not like to lock up my money.

      Another consideration is that there are a few REITs that invest in single residences:
      1) AMH, Ticker :AMH
      2) Invitation Homes ,Ticker :INVH
      3) Tricon Residential , Ticker TCN

      I have invested in all 3 of those REITs. REITs have there own problems of being subjected to stock market downswings and the return yield is not as great as if you buy and rent a single family residence on your own. However, the benefits of REITs is that they are more liquid as you can sell them if you need the money.

      Do your own investigation before sinking anything into these investments. This is my personal take. Your situation may be different.

    2. The advantage of directly owning rental real estate is that it affords the holder a number of benefits, and a very important one is the tax benefits that accrue. There’s also leverageability as well and a number of other advantages. Experienced holders can also more cost-effectively manage their properties. These advantages somewhat vanish when we devote real estate money to other forms of investment, including real estate lending and SFR REITs.

      I normally don’t recommend potential investors buying investment trusts over direct ownership as the yields tend to be much lower. Warren Buffett is correct in this instance. He generally stays away from Real estate as an investment class, because yields tend to be lower than what he could earn elsewhere. But the type of real estate he needs to purchase would amount to perhaps billions of dollars and when there’s that much money at play, it’s very difficult to find decent deals. It’s much easier to find good deals when you’re looking for a particular piece of property. There are always good deals to be had on individual rentals.

      In addition, REITs tend to have high management costs and pay high salaries to their decision makers. All of this cuts into yields, which is why I only recommend direct ownership when it comes to single family rentals.

      1. By the way, the same goes for any real estate, especially farmland and arable ranch land as well as choice commercial properties. This pertains to any real estate that generates predictable rental income. Try to own directly. Here in VA, LLC formation and annuals filing fees are $100 and $50, respectively. I own each VA property in an LLC.

  7. Future graduate Business Management and Strategy courses will have a field day with DIS as a case study. Everything that DIS management has been doing since covid is a perfect example about what not to do. From overly doing the multicultural rewriting of history to getting involved with politics, DIS’s wandering in the wilderness has resulted in an amazing circus show and loss of shareholder wealth. Bob Iger should have stayed retired as he’s out of touch with all the industry disruptions.

    The only way Disney can regain its footing and increase its share price is to have an epiphany and deemphasize its drive for political correctness. The same goes for TGT. Look at how the share prices of Target and WMT have diverged over the past couple years. DIS and TGT have alienated fully 50% of the population by politicizing their PC beliefs. BUD also has gone the same route as its share price continues to diverge from the rest of the beer producers.

    While I understand that the Senior Management of these firms get their marching orders from the synagogue, they should at least remain more quiet lest shareholders continue to have their wealth destroyed.

    Disney’s $218 Billion Rout Not Enough For Dip Buyers
    10 minutes ago

    (Bloomberg) — Not even the cheapest valuation since the Covid-19 pandemic is tempting investors to buy Walt Disney Co. shares.

    Losses in its online video businesses and a drop in subscribers to its Disney+ streaming service are just some of the issues it faces. Then there’s the impact of the Hollywood actors and writers strike and a fee dispute with the second-largest US cable company, which has seen Disney yank its channels including ESPN from the service, cutting access for millions of viewers.

    “I don’t want to own it for the near term and I don’t know that I want to own it for the long term,” Nancy Tengler, chief investment officer at Laffer Tengler, said of Disney stock. She counts the fee standoff with Charter Communications Inc. among her main concerns, while calling for a dividend reinstatement. Her firm sold most of its Disney holdings in 2021.

    The world’s largest entertainment company is in the throes of a major upheaval, having launched an extensive cost cutting drive after the return of Chief Executive Officer Bob Iger in November. That included 7,000 job cuts and other reductions in spending.

    Disney’s stock has lost about $218 billion in market value since peaking at $367 billion in 2021. It’s priced at a below-average 17 times profits projected over the next 12 months. That’s down from a peak of 77 times in late 2020, when rock-bottom interest rates and exuberance over streaming businesses sent the stock soaring.

    By comparison, Netflix Inc. has rallied 51% this year – it now trades at about 31 times forward earnings – amid improving profitability and resurgent streaming subscriber growth that the company has attributed in part to a crackdown on password sharing. Disney, whose shares are down 6.8% in the same period, is planning a similar move.

    The impact of Hollywood strikes on media companies’ content pipelines are becoming a bigger problem the longer they go on. Warner Bros. Discovery Inc. trimmed its full-year adjusted Ebitda forecast, reflecting the assumption that the strikes will have a negative impact of as much as $500 million. Netflix, with the largest library of content, likely has the largest cushion in the industry.

    “I would traditionally be one of the people that would be buying Disney here,” said Ross Gerber, co-founder and chief executive officer of wealth management firm Gerber Kawasaki Inc. However, the strike is making him “increasingly nervous” about his entertainment investments.

    Disney is also in the process of buying Comcast’s stake in Hulu, and is selling its TV networks including ABC and FX.

    Gerber said he’d like to see an end to the labor dispute, as well as profitability achieved for Disney+ and a sale of ESPN. The sports network could be worth as much as $30 billion, according to Keybanc. Wedbush put the potential price tag at more than $50 billion.

    “It would be a great move for them to monetize the asset,” said Gerber. “Because clearly, Disney broken up is worth more than Disney together right now.”

    1. Go woke Go broke.
      I also think real people Hollywood actors and potentially the human writers as well will become obsolete once artificial intelligence gets going. It will become so easy to make a computer image of any person with a virtual personality. These virtual actors will work for a lot less than real actors who get way overpaid and they will be much more obedient and also have no psychological issues unless it is part of the act. The movie creators will be the wealthy ones instead of the actors and writers. I see Hollywood wealth getting further concentrated at the top. Artificial intelligence will also revolutionize the modeling and porn industry as well as virtual models can be created on a computer screen. There are already some virtual models out there and they are a more than perfect 11.
      Acting and movie writing are bad careers to go into these days.

      In addition I have no sympathy for these overpaid actors and screen writers who push socialist, anti American agendas and worst of all these same striking actors and writers pushed the Covid 19 vaccines and belittled the anti vaxxers. Let these striking actors and writers get fired and rot.

      1. Watch the movie, The Congress. Robin Wright plays an older actress that is offered a payoff to have her likeness uploaded for films.

        1. That’s the key to this whole thing. Your likeness is your property, there is no real dispute or issue here. We also realize that actors, writers, directors, execs and studio ownership are all on the same “side”. So who is the dispute with, itself?

      2. Don’t feel sorry for the Hollywood writers. Many have side gigs crafting narrative for Pentagon, DARPA, CIA, NSA, etc; who, in turn, filter such into mainstream media.

        This practice is nothing new, it’s been going on for decades, however COVID hysteria took it to new heights (and profitability). The contrived narratives were SO obvious yet very effective. A huge portion of the global population was controlled by complete serial fiction! Plus, I’m confident the Administrative State paid more per word than Netflix ever could.

        1. Interesting thought. All of this became “acceptable” after COVID. Indeed, the masses were so demoralized they are now allowing everything to move forward with a lot less resistance than would have happened before COVID.

  8. Atlanta Fed latest estimate: 5.6 percent — September 06, 2023

    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 5.6 percent on September 6, unchanged from September 1 after rounding. After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the Institute for Supply Management, decreases in the nowcasts of third-quarter real personal consumption expenditures growth and third-quarter real gross private domestic investment growth were offset by an increase in the nowcast of third-quarter real net exports.

  9. I’m looking at the costs of capital and the costs of debt for firms like BX

    The WACC of Blackstone Group Inc (BX) is 8.4%.

    The Cost of Equity of Blackstone Group Inc (BX) is 8.8%.

    The Cost of Debt of Blackstone Group Inc (BX) is 5%.

      1. That’s exactly correct. These firms can borrow for up to 200 bps below what we can borrow. BX and other investment firms can accept lower immediate cash flow returns and pay more for investments with an eye on increasing future income from inflation.

  10. Just to let the unwashed know. I cannot think of a more derogatory name for a holiday than one called called Juneteenth. This definitely comes from the top down from the social scientists in DARPA and is a communist tactic. It’s a holiday like Kwanza. The other immigrants who flood the US think this is a farce. They ask why black Americans continue to receive so much attention.

    1. Kwanzaa is just a fake holiday invented in the sixties to set Blacks apart from the rest of the population and further isolate blacks. It is made to seem like an African celebration to the unwashed when it is just a clown invention from the USA Communists.

      I also see Black Americans getting pushed aside and crushed by the new immigration influx as they will compete for the same jobs performed by Blacks in the past. I see fights between blacks and immigrants. The Black Americans asked for this by blindly voting for the democrats that give lip service of how they care for the African American plight and nothing else. The blacks get the handouts from the democrats in exchange for their future being crushed. Black Americans will be so marginalized in the future NWO.

      1. That’s the whole thing, the blacks are the ones who are disenfranchised more than any other economically speaking. The Asians and Hispanics are coming in and buying up tons of Real estate, while the Whites still buy at least 80% of all homes for sale. At one point in the year following covid, Caucasians were buying as much as 88% of all homes for sale. Many of these people are investors who see the nightmare in Washington and in their state houses and are panicking. They’re buying the hard assets.

        In Prince George’s County, Maryland, Hispanics now comprise over 20% of the population. A decade ago that was only about 10%. They’re the ones buying up all the real estate.

        1. What is amazing about most Black Americans is they loyally vote for the democrats that destroy the blacks economically and socially by allowing increased immigration that compete with their jobs and lower the black person’s wages. The democrats oppose school choice and oppose charter schools that allow smart black students access better education. The democrats social programs do everything to destroy the black family by only giving aid to single moms and not married couples with children.
          Never mind the feminism by the democrats that put down the black man. Black men in the USA are really screwed big time. No wonder black boys join gangs.
          Try explaining this to the blacks that the party they are faithful to actually screw them and these same blacks spit in your face. Until people get it, they deserve the miserable fate that befalls them.

    2. I couldn’t help notice the humor in a recent experience I had in a grocery store. I was picking out a water melon and hear “hey man, what are you doing?” I look over and see a man as black as coal completely amazed about what I’m doing. He goes on to say “I don’t buy them because I can never pick out a good one.” I maintained my composure (somehow) and tried to explain to him what I was doing but it wasn’t getting through. Is a white guy showing a black guy how to pick a water melon diversity in action?

  11. This “green” energy thing and “ climate” change is nothing more than a racket to enrich the few at the expense of the many. It is just more government largesse. Climate change is happening for a couple of reasons:

    1) Some of this will happen regardless of humanity’s actions as the sun’s output varies anyway. The sun is a lot more powerful than humanity.

    2) Artificial weather control such as directed energy weapons are being used to alter weather patterns to bolster the argument for climate change and for increased regulation and spending.

    1. Your on to something there. Anyone ever seen any analysis on Microwave heating of the atmosphere? Water molecules are excited from microwaves and the friction from this agitation transformers those microwaves into kenetic energy. Aka Heat. The proof is in your microwave oven. I’ve searched a little hear and there haven’t seen anyone discuss this. Anyone out there come across anything relating to that? The Powers that be maybe right about there estimates but for the wrong or hidden reasons.

    2. Weather modification has been around since the 40s or possibly earlier. It’s openly admitted by utilities and farmers. Make it rain over a hydroelectric plant and you stay in business.

      I’m not fully buying the DEW fire starters – although will say it’s possible. The reason I’m not on board is too many long infomercials on the internet explaining mysterious fires started by DEW. My point is they are selling a story and want people to see it. Let’s reveal military secrets on the internet?

      Water molecules certainly resonate at a specific frequency and energy level but I think that’s another story being sold. Yes, the microwave heats food by resonating water molecules. That means 1000 watts at a specific frequency coming out of a magnatron is used to make water hot. So how much power will it take to heat atmospheric water vapor? Atmospheric water vapor currently is a problem for a DEW to pass through. High frequency has a hard time penetrating objects. For example high frequency 5G antennas have to be very close to properly transmit data. But when they work a huge amount of data is transmitted.

      The most effective and economical way to modify weather is cloud seeding. Silver iodide is the common material to make rain. They can likely make rain in a location and that would effectively “steal” the water from another location and make it unusually dry.

    3. Not exactly. Remember what God did to the Egyptians through Moses. Now we all are the Egyptians. These end end times are bringing on the revelations and tribulations thereunder. Time is short. Climate change is a ruse to confuse the masses in order for them to more easily receive the mark of the beast. It’s all smoke and mirrors, that is, deception.

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