Investing in the Rise of the New Spending Class

Courtesy of: Visual Capitalist


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I. C.
I. C.
February 10, 2016 12:07 pm

I’m thinking we don’t need to break the bad news to those Chinese millennials any time soon. If they’re as smart as they will soon appear to be, they’ll get it all figured out before it all goes down.

Dutchman
Dutchman
February 10, 2016 12:07 pm

What a load of bullshit. Fucking stock broker talk.

Tucci78
Tucci78
February 10, 2016 12:42 pm

The global anthropogenic “climate change” premise is now – as it’s ever been – utter bullshit, and in spite of legacy media sweating and straining and shitting themselves to “keep up the skeer,” the popular perception of CO2-demonization is shifting from “Meh” to “Fuck this!”

When that sentiment manifests in populist political rebound such that the moneybags exploiting this fraud can’t buy their whores into public office, the combustion of fossil and abiotic petrochemicals will rebound with a vengeance, and civilization will resume its economic growth.

It is to be hoped that the turn-around will be accompanied by politicians and bureaucrats – including the “consensus in climate” – decorating lamp posts all over the planet.

Bea Lever
Bea Lever
February 10, 2016 1:03 pm

Two words- Hydrogen Power.

Step 1- Buy A Fuel Cell, soon to be available.

Step 2- Hook up to natural gas, we are silly with the stuff.

Step 3- Flip switch and generate electricity for your home.

So simple a minnie will do it.

Lysander
Lysander
February 10, 2016 1:19 pm

*ITEM*……Natural gas is not hydrogen power. You burn natural gas to create hydrogen gas which is stored in tanks. The “hydrogen solution” is not one at all because hydrogen is merely one way to store energy created from something else, like nuclear power, natural gas, oil, etc.

The idea that an entire system of refineries, petrol stations, cars, home heating oil furnaces in millions of homes, and all that jazz, will magically change over to a hydrogen system any time soon is very wishful thinking.

It would take several decades to introduce any such thing, but that ignores the point that it’s no solution, as hydrogen has to be made using a fossil fuel or nuclear power. It has no net worth in saving energy. As a matter of fact, it takes more energy to produce hydrogen then it gives back.

As far as the article about millennials, I would like to point out that all that college education will not serve them very well in the future I envisage. They would be better off learning combat techniques and discovering some way to obtain food or it’s going to be a situation of “babies- the other white meat” for them.

Bea Lever
Bea Lever
February 10, 2016 1:30 pm

Lysander- Reading is FUN-DUH-MENTAL…..

I said hook up to NG, we are busting at the seams with NG. The NG will power the fuel cell. This will happen, get a clue. 🙂

Bea Lever
Bea Lever
February 10, 2016 1:33 pm

News Flash For Lysander>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

The USA!USA!USA! has enough NG to supply the world for 100 years right now. 🙂

starfcker
starfcker
February 10, 2016 1:45 pm

Bea, Lysander is right. You can’t get hydrogen. Fuel cells have been around for decades, but….. no fuel. Dutch wins this one. China! China! Global niggertown

Anonymous
Anonymous
February 10, 2016 1:53 pm

Lysander,

Fuel cells can be made to run directly off of natural gas (or alcohol or gasoline or about anything containing readily volatile hydrocarbons) as easily as off of hydrogen.

Pure hydrogen has its advantages in design, zero emissions, efficiency and lifespan, but other fuels have a greater advantage in that the distribution systems for them are already in place.

A few years ago there was even a cell phone fuel cell developed -as a fuel cell demonstration, not as a consumer product- that ran off of methanol. You just added a few drops of methanol to it and it produced electricity to run the phone.

Bio hydrogen is a highly cost effective source of pure hydrogen, it doesn’t necessarily require other forms of energy from other artificial sources to produce hydrogen.

Fuel Cells in the (Japanese) Home!

http://www.wbdg.org/resources/fuelcell.php

http://ballard.com/fuel-cell-applications/bus.aspx

Anonymous
Anonymous
February 10, 2016 1:54 pm

starfcker

See last post.

MuckAbout
MuckAbout
February 10, 2016 2:20 pm

Testla’s electric car is a dud- no make that a DUD. No range, long recharge time (if you can find a receptacle to plug it into).. The price is outlandish and there is no data on durability.

My little Prius, on the other hand, has NO competitors from any car makers, gets 55 MPG in town and 50 on the highway (turnpike speed), comfortable, quiet and has the capability of lasting 200,000 miles if maintained properly. Honda is trying, so far with a fail.

The future of economy in transportation lies in hybrids that require no “charging stations” sip gasoline and are capable of using engine braking whenever one needs to slow down. Brakes last 200% longer and the lithium battery is recharged big time every time you use the electric drivers on the wheels to reverse purpose and instead of driving the car, they brake it and pump electricity into the battery.

Why the American car makers have fail so badly over the past 6 years in coming up with a competitor to Toyota is a complete mystery to me.

As to current low gas prices – just wait a while. The Saudi’s have have shit-canned all fracking efforts with a thousand rigs laid up and 15,000 people laid off in the fracking belt. N. Dakota has a large surplus of barracks and chow halls. But just wait a while.. Can you picture when Saudi and the other MidEast oil suppliers either blow up each others wells, refineries, shipping capability and such? Or decide to cut back to drive the price of oil back up??

All of a sudden there will be yet another oil shortage (inc. nat. gas and gasoline) and the cycle begins again – only this time, gas will top out at $7 a gallon and getting all those oil rigs manned and back in production will take several years to do.

Man has an inborn fault of overshooting in any endeavor he tries. If building houses is profitable in this part of the cycle, damned if he won’t build twice as many as needed and the crash comes along and – like I noticed in today’s paper, the foreclosure rate will skyrocket. Today’s paper had three full pages of nothing but foreclosures and is starting to look like 2009 and 2010. Here we go again..

Greed never learns.

MA

Tucci78
Tucci78
February 10, 2016 2:34 pm

Writes MuckAbout: “Man has an inborn fault of overshooting in any endeavor he tries. If building houses is profitable in this part of the cycle, damned if he won’t build twice as many as needed and the crash comes along and – like I noticed in today’s paper, the foreclosure rate will skyrocket. Today’s paper had three full pages of nothing but foreclosures and is starting to look like 2009 and 2010. Here we go again..

“Greed never learns.”

Only as long as government fucks up the negative feedback mechanism by which “Greed” is taught the lessons of reality.

Every secular recession and depression (by “secular” the economists mean “not induced by natural disaster or war”) is created by government fucking with the media of exchange by way of deliberate currency inflation, invariably in the form of “quantitative easing” such as we’ve experienced throughout the administrations of Dubbya and Obozo.

The only way to keep “easy money” low interest rates is to dump vast amounts of fiat currency onto the markets, and this sends precisely the WRONG signal to “Greed”-driven entrepreneurs and consumers.

John Maynard Keynes and his asshole academic successors have brainfucked the global economy through most of the 20th and all of the 21st Centuries thus far, and the monetarists of the Chicago School (Friedman et alia) have facilitated that fuckjob from the beginning.

Blaming “Greed” is like blaming gravity. Unwedge your head and look for the real causes of this global economic fucktacular.

Bea Lever
Bea Lever
February 10, 2016 3:19 pm

Star- You are in the weeds, please return to the clubhouse for further instruction. Thank you. 🙂

MethodicalMan
MethodicalMan
February 10, 2016 4:00 pm

China has no real rule of law to protect private property. China has nothing but the end of the gun when the winds of leadership blow one direction, and this fact is way worse than the smog suppressing the long-term prospects of their economic growth. At least in the US, we have a relatively independent judicial system and somewhat of a democratic government to help protect business operation and assets– and thus have an incentive to reinvest rather than stash the first million overseas like all Chinese do.

starfcker
starfcker
February 10, 2016 4:52 pm

Bea, crawl back under the porch. (Love that one, I have no shame) anon, trying to make sense of your links. Scratching my head so far. Muck, I see lots of Teslas every day. They work. I do think you and westcoast are right, the prius is tried and true.

starfcker
starfcker
February 10, 2016 5:04 pm

Bea and anon. You have a fundamental misunderstanding of how a fuel cell works. The examples you linked anon, are dead for the same reason fuel cells have always been dead. Fuel cells run on hydrogen. It is physically impossible at this point to produce hydrogen without burning more energy than the hydrogen can produce in the fuel cell. All this government sponsored fraud and waste doesn’t change that. Net energy loss. No reduction in burning hydrocarbons. Talk about dead end show dogs.

Anonymous
Anonymous
February 10, 2016 5:39 pm

starfcker

Apparently you didn’t read at least one of the examples from japan where the gas company is using plain old natural gas to run fuel cells and also ignored the process of biological (fermentation) produced hydrogen I mentioned.

Basically, any fuel with readily available hydrogen in it (i.e. hydrocarbon fuels such natural gas, alcohol, gasoline, methane tapped from decaying landfills, and so on) can be used to power a fuel cell and is being used that way in various parts of the world now even if on a limited scale at this point.

Are you going to have to see your neighbors installing, driving, and otherwise using them before you realize they are both real and practical?

Milw05
Milw05
February 10, 2016 5:50 pm

What the author left out is how China will soon fall off the demographic cliff, with their one child per family and the ration of 8 girls to 10 boys. China in 25 years or so with be in a bad place with two old parents for one working child. This will not end well for them.

starfcker
starfcker
February 10, 2016 6:11 pm

Not true anon. Hydrogen is the most common element on earth. It can only be found in compound form, bound to other elements. The most common is water. It takes more energy to separate a water molecule than can be recovered by burning the hydrogen, or running it through a fuel cell. A fuel cell produces energy when pure hydrogen is drawn across a barrier by oxygen on the other side. That’s why the exhaust is water. Nothing burns. Hydrogen and oxygen meet, produce water. All the systems you link advocate burning natural gas to proceed the energy to separate hydrogen from other compounds. Net energy loss. What’s the point?

starfcker
starfcker
February 10, 2016 6:18 pm
MuckAbout
MuckAbout
February 10, 2016 7:13 pm

Admin: Ok, I did say Honda was trying – perhaps I should have left out fail. I maintain that Honda has not equaled Toyota as far as the Prius is concerned. 45 mIles to the gallon and no mechanical problems carry a lot of weight – but it’s still behind 55 MPG and no mechanical problems. Just by a little bit..

Forgive me for neglecting to be more detailed..

MA

Bea Lever
Bea Lever
February 10, 2016 8:12 pm

ATTENTION FUEL CELL DOUBTING THOMAS:

This means you Starfcker !!

Please watch this video our friends at .Gov made just for you………

http://energy.gov/eere/videos/energy-101-fuel-cell-technology

Bea Lever
Bea Lever
February 10, 2016 8:29 pm

Anon- I have been pounding this technology since I started posting here. No matter how many links, videos , articles you show them of fuel cells in use, they still declare it to be unpossible.

Does it matter that major auto manufacturers have hydro-powered vehicles for sale today…NO.

Does it matter that the US and other countries are using fuel cells to power homes and office/public building….NO.

If they installed a fuel cell to power his home, Starfcker would still deny it’s existence.

Thank you for your attempt.

starfcker
starfcker
February 10, 2016 9:34 pm

Bea, HOW DO YOU GET THE HYDROGEN?

IndenturedServant
IndenturedServant
February 10, 2016 11:56 pm

Bea, I already knew everything that was presented in the video you posted. I’m with starfucker though, how do you get the hydrogen? When you explain it, please include the financial costs associated with disassociating the hydrogen atoms from their parent molecules as well as the costs for that process in terms of environmental impact.

At the end of the day you must extract more energy from each hydrogen atom than it takes to obtain each hydrogen atom right? Is that doable and sustainable?