Credit deflation and the reflation cycle to come (part 2)

[belfastchild]

1 minute ago, Harley said:

Some dodgy bloke in Durham used to sell tatty Chinese fire pits.  May be worth a try?

 

Ive had an old cast iron chiminea for about 20 years now, every 2-3 years give it a sand down and spray with high temperature paint. See them for sale on fb etc when they get rusty and people cant be arsed with the effort (or just leave them rusty!)

I have to say though I made a burner with an old washing machine drum about 5 years ago and its the best outdoor burner Ive ever had! Even bought a new bbq metal grill in the sales a couple of years ago and use that the odd time as well.

[nirvana]

4 minutes ago, belfastchild said:

I made a burner with an old washing machine drum

I'm up for a bit of that! is it on legs? cheers

[JMD]

2 hours ago, Transistor Man said:

It's a brand new reactor, if the reformed CEGB ordered 15 now. They'd be 10 years away. 

Unless you went at it like a wartime effort. Which is what should happen. 

I think a 'war economy' is exactly what we will get. It would definetily suit tptb... but with the right teams, throwing huge money into the pot, working 24/7, etc, do you think we build the nuclear infrastructure within say 5 years?                                                                                                                                                                                                I was watching 'A house through time' the other night, it's bit woke like most BBC programs. But one of the resident families of the featured house were a local engineering family from the late 1800s. Anyway the Leeds railway terminus burnt down in 1880s and the city urgently needed to reopen its railway supply routes. The local engineering company built a temporary wooden railway bridge in six days!!! And they tested it by running trains over it at higher and higher speeds!!! ...Not saying we should adopt the exact same approach for our future nuclear plants, but I do think with the right engineers and management this country could achieve 'the impossible'.

[nirvana]

9 minutes ago, belfastchild said:

to get the fire started

thin willow branches are ace for that too! ie ones you can snap easily without doing your knees in.....

[belfastchild]

Just now, nirvana said:

I'm up for a bit of that! is it on legs? cheers

Yeah! Have made a couple for friends.
One it was easy to use the pulley that comes with it, just reverse it when you take it off and weld it to the bottom of the drum, but the rest have been Aluminium pulleys so a pita. I had legs from old metal computer desk I used as the base of one and the rest Ive just used some spare metal piping (old plastic greenhouse frame/cheap screw together metal bed type tubes) with screws and bolts through the side of the drum to make legs.
Burn any aul crap in it, keep the chiminea for real wood and use the ash as fertiliser in the garden!

[Majorpain]

[geordie_lurch]

Wow - "According to the European Commission, such a register is necessary to prevent tax evasion and money laundering. It provides the authorities with more information to map out money flows". I bet it will work nicely with the Vaccine Passport / Digital IDs

The original Dutch article is here to put through Google translate

 

[Noallegiance]

6 minutes ago, geordie_lurch said:

Wow - "According to the European Commission, such a register is necessary to prevent tax evasion and money laundering. It provides the authorities with more information to map out money flows". I bet it will work nicely with the Vaccine Passport / Digital IDs

The original Dutch article is here to put through Google translate

 

It's lucky didn't spend 40 years closely tied to the communists.

 

[JMD]

2 hours ago, sancho panza said:

Just a skim read was enough for me to look at a log burner and building a log stash.

Anyone any advice?Are there any you can put a pan on in extreme cases?

I can get a few crates of logs for £150 each.

genuinely,I've read some depressing posts in this dimly lit basement but that's one of the msot honest,bleakest assessments of where we actually are rather than where the govt would want us to be in terms of windmills.Breath taking how much they've stuffed down the gills of Fred Goodwin and RBS with zero return and how little they've looked after the basics.

Last two weeks and all of a sudden I feel there might come a time when we can stop calling it the scottish play.

Not sure if this is what you had in mind SP? And maybe bit ott for the living room... but must admit it would be a great conversation piece!!                                                                                                                                                                 

[JMD]

1 minute ago, JMD said:

Not sure if this is what you had in mind SP? And maybe bit ott for the living room... but must admit it would be a great conversation piece!!   (but more seriously, if you Google wood burner with hot plate, you get lots of info)                                                                                                                                                             

 

[Noallegiance]

China Evergrande bonds rebound as loan payment extensions ease default worries - CNA (channelnewsasia.com)

[feed]

27 minutes ago, geordie_lurch said:

Wow - "According to the European Commission, such a register is necessary to prevent tax evasion and money laundering. It provides the authorities with more information to map out money flows". I bet it will work nicely with the Vaccine Passport / Digital IDs

The original Dutch article is here to put through Google translate

 

Anyone who isn't already in the system, that has anything worth investigating, more than a couple of ounce or a bitcoin or two, will be connected to organised crime.  Good luck finding someone to do that job.  

 

[Transistor Man]

33 minutes ago, JMD said:

I think a 'war economy' is exactly what we will get. It would definetily suit tptb... but with the right teams, throwing huge money into the pot, working 24/7, etc, do you think we build the nuclear infrastructure within say 5 years?                                                                                                                                                                                   

Yes I do. The preliminary design may be sized so that the large forgings can be done in Sheffield. 

[Loki]

38 minutes ago, geordie_lurch said:

Wow - "According to the European Commission, such a register is necessary to prevent tax evasion and money laundering. It provides the authorities with more information to map out money flows". I bet it will work nicely with the Vaccine Passport / Digital IDs

The original Dutch article is here to put through Google translate

 

https://etendering.ted.europa.eu/document/document-file-download.html?docFileId=110894

[JMD]

1 hour ago, Harley said:

Nice to know it's all the fault of that bad man rather than our own folks' ability to feck things up, in this one area at least.......

"Russia’s Vladimir Putin is orchestrating a deliberate energy supply crisis in Europe by restricting the seasonal flows of pipeline gas, preventing the region rebuilding its severely depleted inventories fast enough before the onset of winter...."

A bit much when your only plan is to blame the "bad" man for being bad!

Add NI, etc and we do seem to have reached an age if "exponential incompetence"!

PS:  What commercial organisation would sign off on a £12bn "investment" (cough) without a detailed business case and financial plan (including timelines, KPIs, etc)?

 

'Exponential incompetence' you say - I do agree, but btw Rod Liddle has for many years been calling these types of things 'peak w*nk'!!!   (just another bubble perhaps?!)                                                                                                                                                  As for budgets, I note the Elizabeth tower/Big Ben overhaul was estimated at £28 million, but has cost nearly £90 million!? ...But we do get a rather nifty Prussian Blue clock face, it's original colour apparently, instead of the drab gloomy back one.

[leonardratso]

pah, you guys and your softwood and centrica shares, i despair.

[Noallegiance]

1 hour ago, geordie_lurch said:

Wow - "According to the European Commission, such a register is necessary to prevent tax evasion and money laundering. It provides the authorities with more information to map out money flows". I bet it will work nicely with the Vaccine Passport / Digital IDs

The original Dutch article is here to put through Google translate

 

Because when socialists have been so bad with the money they've already taken from you, they're coming for the lot.

[Harley]

7 hours ago, jamtomorrow said:

It's the poor bastards in modern slave boxes I feel sorry for. No chimney, no backup

Chimneys are not always the best.  Lose a lot of heat recessed into a fire place.  Better to have a stove in the open with an insulated flue.  The issue there is routing the flue as it has to go high to get the draw.

[planit]

I am strangely drawn to buy some CNA shares to join your club. nothing like having skin in the game.

 

The law of unintended consequences seems to be running riot with regards to gas etc as could be seen on the AEP Telegraph article posted earlier. This law will be cross-affecting lots of other things too.

 

Noticed someone mentioned an oil price spike with regards to the BK. This is the most likely way I see things at the moment:

 

Energy prices are being squeezed higher this will continue

Oil prices have had a respite due to worries and lockdowns due to Delta. This will reverse soon. Once everyone is confident that OPEC+ is in charge then the traders will push oil much higher.

Beginning of 2022 energy bills still moving higher, energy prices high and petrol/diesel prices very high.

Inflation shown not to be transitory so people start worrying and inflation rate 7% and moving higher due to the above.

Oil continues to rise and CB's start to panic that there are secondary effects of inflation pushing through to salaries etc. They have ignored the problem too long so the only solution is to tighten to show the markets they mean business (guess March 2022).

After the tightening everyone panics, stock market crashes, oil crashes, loads of people are wiped out.

Conveniently this coincides with the Covid hangover recession so things go from bad to worse.

 

 

Anyone tell me where have I gone wrong?

Cheap tomatoes now cost 75p for 4 in Tesco down south. Completely pissed me off ( I normally shop at Aldi but didn't have a car).

[Harley]

4 hours ago, Noallegiance said:

E5 or E10?

I'd like to burn less to save the planet.

Funny you mentioned that.  I've just been to the garage to get petrol for the machines.  I had no idea if the new stuff would work so bought the super unleaded, which has the old rating.  Of course.......drumroll......cost more!

[Harley]

4 hours ago, sancho panza said:

how long does it take to dry logs?

Whoops newbie alert!  One "seasons" ones logs and "dries" ones clothes!   Depends on when they were cut and the type of wood.  There's a listing on the web somewhere.  Also tells you the calorific value of each type of wood.  Typical, the faster they grow, the less calorific value they are.  I felled a load of ash at a time of low sap so they would be good in only six months.  That's unusual and I would wait longer.  I started with pine and spruce.  Constantly feeding them and loads of ash!  I've also reduced my use of treated wood in my work so I can burn the left overs (a big no no burning treated wood).

[HousePriceMania]

[Van Lady]

Here’s a thread about wood burning and stoves. Glad I got a multi fuel stove installed when I moved to present home. 

 

[Castlevania]

5 hours ago, DurhamBorn said:

some big buys come for if from the French countryside as well from real face.

Are you referring to @nirvana?

[dnb24]

4 hours ago, Noallegiance said:

China Evergrande bonds rebound as loan payment extensions ease default worries - CNA (channelnewsasia.com)

Gregory Copley warns that the CCP is deliberately tanking the Chinese economy to manage deflation.

https://outline.com/3UAS3M

https://m.theepochtimes.com/a-window-opens-to-irrational-behavior_3978372.html

I think this is something really worth being aware of- the CCP is central to China- even if millions die- the CCP doesn’t care- they don’t care that they’ve wiped Trillions off the Beijing and Shanghai markets ($1 trillion  alone in August)- it’s a different mindset- bloody minded. It’ll be interesting if they step away from the flexible exchange rate as they continue  “managing the deflation”- that would set the cat among the pigeons.