Jump to content
DOSBODS
  • Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

IGNORED

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


spunko

Recommended Posts

4 minutes ago, Bear Hug said:

I doubt India's healthcare will cope with Fray Bentos. I've ended up in A&E once after slicing my thumb when trying to open Fray Bentos while drunk. Still got a scar. 

Can't say I enjoyed my plandemic Fray Bentos. Thought how bad can they be? It's just a pie in a tin right. But horrible slimey thing it was. Made me feel sick afterwards. Never again. A pukka pie it was not.

Link to comment
Share on other sites

  • Replies 35.1k
  • Created
  • Last Reply
DurhamBorn
11 minutes ago, 23rdian said:

Can't say I enjoyed my plandemic Fray Bentos. Thought how bad can they be? It's just a pie in a tin right. But horrible slimey thing it was. Made me feel sick afterwards. Never again. A pukka pie it was not.

True,but Fray Bentos tins are superb for making Yorkshire Puddings and Toad in the Hole in.Iv got one from the first week i was in my first house.Its one of three things i have still from that house.That tin,a small rug and a scar behind me ear from a dinner plate hitting it when i called the lass i was living with my exes name as she was bringing me my tea.

 

Link to comment
Share on other sites

1 hour ago, 23rdian said:

Can't say I enjoyed my plandemic Fray Bentos. Thought how bad can they be? It's just a pie in a tin right. But horrible slimey thing it was. Made me feel sick afterwards. Never again. A pukka pie it was not.

You did put it in the oven for half an hour? O.o

Link to comment
Share on other sites

1 hour ago, 23rdian said:

Can't say I enjoyed my plandemic Fray Bentos. Thought how bad can they be? It's just a pie in a tin right. But horrible slimey thing it was. Made me feel sick afterwards. Never again. A pukka pie it was not.

Never had one, my dad eats them which is reason enough to confirm they'd be inedible to post 1975 human.

I would recommend the M&S Steak pie ... the ones with the puff pastry on top ... but since the stagflation from the early 10s, they've replaced the beef with smaller to tins to hide the fact they've taken most the beef out.

Wonder what they'll take out to keep the price down if we get inflation.

Link to comment
Share on other sites

7 hours ago, Chewing Grass said:

Was mentioned at work, not worried over rebar but more the quantity of structural sections and specialist steel needed over the next 3 years, Chinese/Indian stuff verboten.

yes, I posted on here before how a mate of mine in construction in the USA told me his company won't use anything steel out of India or China.  They found stuff which was mis-rated to the point major collapses would have happened.

Link to comment
Share on other sites

2 hours ago, Hancock said:

Thats why they've always made spicy food out there i.e. to stop it going bad.

When they all get fridges they'll be importing Fray Bentos.

er... no.. spices are to disguise the taste of rotten meat and poor quality bits of animals.  It's why the french and chinese also have a cuisine with a wide range of sauces - the peasants had shit all to eat, so they invented ways to hide it.

In good old blighty we had plenty of the staples of meat n veg, which means our cuisine was more 'burn the fucker until all the parasites are dead'

Link to comment
Share on other sites

19 minutes ago, wherebee said:

er... no.. spices are to disguise the taste of rotten meat and poor quality bits of animals.  

They do that and they also preserve food.

I had a load of Indians cooking me curry every morning, noon and night when offshore in the ME (for a month), reckon they were given anorexic chickens as it was just skin that they put in the sauce, it was truly horrendous. I'd tell them they need to come to England to learn how to make a proper curry.

I just ate chips and bread instead.

Link to comment
Share on other sites

DurhamBorn
57 minutes ago, Hancock said:

Never had one, my dad eats them which is reason enough to confirm they'd be inedible to post 1975 human.

I would recommend the M&S Steak pie ... the ones with the puff pastry on top ... but since the stagflation from the early 10s, they've replaced the beef with smaller to tins to hide the fact they've taken most the beef out.

Wonder what they'll take out to keep the price down if we get inflation.

Its incredible the quality of pies i can make for very low cost.2pm in my local Lidl sees 30% off stickers added and often a good few packs of 5% fat steak mince,good quality stuff.Easy to make really nice mince pies.I got a food processor from marketplace for a tenner and can knock pastry up in it in seconds.Faff to clean though so i tend to make 10 lots of pastry and freeze them.I find they make better pies after being frozen for some reason.

Iv been making a lot of chicken pies as well.Often get a 30% off chicken in Lidl and cook it straight away,strip the lot down and mix with two tins of condensed chicken soup from Home Bargains and a couple of leeks fried up.Can usual get 4 big pies for less than a fiver though the kids are forever calling in and stealing a few.Food is dirt cheap if you can cook,but if you cant its getting expensive.

Link to comment
Share on other sites

8 hours ago, Chewing Grass said:

Was mentioned at work, not worried over rebar but more the quantity of structural sections and specialist steel needed over the next 3 years, Chinese/Indian stuff verboten.

I do wonder what the investigation will show for the reason behind why that newly constructed Mexico railway bridge collapsed. 

Link to comment
Share on other sites

Lightscribe
6 hours ago, DurhamBorn said:

Its incredible the quality of pies i can make for very low cost.2pm in my local Lidl sees 30% off stickers added and often a good few packs of 5% fat steak mince,good quality stuff.Easy to make really nice mince pies.I got a food processor from marketplace for a tenner and can knock pastry up in it in seconds.Faff to clean though so i tend to make 10 lots of pastry and freeze them.I find they make better pies after being frozen for some reason.

Iv been making a lot of chicken pies as well.Often get a 30% off chicken in Lidl and cook it straight away,strip the lot down and mix with two tins of condensed chicken soup from Home Bargains and a couple of leeks fried up.Can usual get 4 big pies for less than a fiver though the kids are forever calling in and stealing a few.Food is dirt cheap if you can cook,but if you cant its getting expensive.

30% oranges stickers? I thought you would be making the most of the 70p and 90p green stickers in Lidl. (Often get mince reduced with these so I fill up the freezer) You’re portfolio must be getting too big these days DB for such extravagance ;)

Link to comment
Share on other sites

19 hours ago, JMD said:

I guess Raoul Pal is not quiet as grubby/slimy as that other island hugging hedgie - Hugh Hendry (manic-depressive or what?).

I am always suspicious of anyone who offers to sell me their "This is how I make my millions" technique....if it was that good a) why do they need to sell it to me?, and b) why are they?...if I had this `Golden Goose` I wouldn't be sharing it with you guys!....well maybe @YRS, the poor lad needs all the help he can get! :-)

Link to comment
Share on other sites

Lightscribe

Another finish lower of the Nikkei. Futures still trending lower, but by less of a margin then yesterday.

I think both the escalating conflict in Israel with Palestine and the US gas stations running dry in quite a few regions is adding to volatility. Could be another down day today.

FA6A24E2-D1EC-4B87-94C5-CBE9086B5CCA.jpeg

Link to comment
Share on other sites

17 hours ago, Noallegiance said:

It just feels so good.

Not only do I have to subsidise people's chosen layabout standard of living, landlords, the workshy, higher prices across the board and government salaries, but I now have to pay for people who may well stare at being undone having chosen to buy into the biggest housing bubble of all time.

This is why I did not vote. 

And this is why currently (a and in my retirement planning) I try to pay as little tax as possible...in fact in some cases I may be `Cutting my nose off to spite my face`, but it really grates with me and goes against everything I was bought up to believe as a child.

Link to comment
Share on other sites

11 hours ago, Majorpain said:

That's 100-110m oz of silver reported in the vaults that never actually existed, a mere 11% of total silver in LMBA.  They have got some real problems with silver now if they are having to lie to keep a lid on the price.

I assume silver is allocated the same way as gold?....if this is the case then the vaults are just plain lying, and it reinforces the point regarding paper/vaulted PMs that "its only real if you have it in YOUR possession"

Link to comment
Share on other sites

11 hours ago, DurhamBorn said:

No meat in a Fray Bentos xD ,hard to get for £1 now,£1.50 everywhere.

They actually do a veggie Fray Bentos now...a true definition of an oxymoron! :-)

Link to comment
Share on other sites

Lightscribe
1 minute ago, MrXxxx said:

I assume silver is allocated the same way as gold?....if this is the case then the vaults are just plain lying, and it reinforces the point regarding paper/vaulted PMs that "its only real if you have it in YOUR possession"

Yup. Antique below spot sterling candlesticks, tobacco tins, fruit bowls and old trophies for the win! :P

Link to comment
Share on other sites

9 hours ago, Hancock said:

Never had one, my dad eats them which is reason enough to confirm they'd be inedible to post 1975 human.

I would recommend the M&S Steak pie ... the ones with the puff pastry on top ... but since the stagflation from the early 10s, they've replaced the beef with smaller to tins to hide the fact they've taken most the beef out.

Wonder what they'll take out to keep the price down if we get inflation.

Well all that's left is the pastry or the gravy, so its a 50/50 choice :-)

Link to comment
Share on other sites

Chewing Grass
12 minutes ago, MrXxxx said:

They actually do a veggie Fray Bentos now...a true definition of an oxymoron! :-)

I had a Soap Pie a few years back for old-times sake and nearly passed out with the insulin spike.

Edit:- Most people probable don't know what a soap pie is.

https://www.greatbritishlife.co.uk/food-and-drink/recipes/butter-pie-recipe-7797606

Link to comment
Share on other sites

I might have to move north to get access to the discount stickers.

 

In London and Hertfordshire there are hardly any discounts and when they do it's 10% off spinach on it's sell by date.

 

This is across all supermarkets, discounts are really stingy. :PissedOff:

 

Link to comment
Share on other sites

Lightscribe
48 minutes ago, planit said:

I might have to move north to get access to the discount stickers.

 

In London and Hertfordshire there are hardly any discounts and when they do it's 10% off spinach on it's sell by date.

 

This is across all supermarkets, discounts are really stingy. :PissedOff:

 

Plenty of discount stickers in London, just got to be at the right times at the end of the day. Also it helps to know demographics. Certain items will be more/less popular depending on the local populace. 

Link to comment
Share on other sites

Looks like Legal and General has joined Engine no.1 in trying to destroy Exxon from the inside. It's supporting Engine no.1 in its election of directors bid. L&G is 17th in  the list of the largest shareholders.

The story in Bloomberg showed the contrast between the west and the east.

The story was written by Kevin Crowley who puts in his story "Major Exxon Investor Joins Activist Battle to Reform Oil Giant". So, it's reform. Reform is positive, right? So, Engine no.1 must be doing the right thing. He follows up with "Vote on overhauling board will take place later this month ". An overhaul. Another positive.

He goes on to write

"After posting its first loss in four decades and taking on record debt last year, Exxon’s stock is up more than 50% in 2021, outperforming the S&P 500 Energy Index by about 10 percentage points.

While short-term performance, driven in large part by surging oil prices, may appease some investors, others believe serious questions remain over Exxon’s stated commitment to the United Nations’ Paris climate accord.

There’s a “huge disconnect” between Exxon’s perception of what’s needed to meet Paris goals and the reality, said Iancu Daramus, a senior sustainability analyst at Legal & General. “We want a clear commitment to net zero and interim targets for reducing full-scope emissions that are credible.”"


I think these others are mainly msm journalists from Blooomberg, FT, etc putting their own views in stories.


The next story about "Pumping CO2 Deep Under the Sea Could Help Korea Hit Net Zero" is by Heesu Lee

He writes:-

"Thirty-six miles off the coast of South Korea, the Donghae gas field is running dry. When it closes next year, its pipeline to the port of Ulsan could go into reverse, creating the Asian nation’s first major carbon-capture reservoir by injecting CO2 into the rock below the sea bed.

The plan is to store 400,000 tons of carbon dioxide emissions annually for 30 years from 2025, according to Korea National Oil Corp., which will run a feasibility study on the project this year. It would be South Korea’s first major carbon capture and storage (CCS) project and could become one of the biggest in the world."

No reforms. No overhaul. Just positives.

Support from academics as well

"South Korea’s plan helps “geotechnical stability” because pumping CO2 back into the subterranean rock strata would balance the loss of the extracted gas, said Kwon Yikyun, a geo-environmental sciences professor at Kongju National University, who’s working on the Donghae feasibility study. The technique has been used previously by the energy industry to force out crude oil or gas from reservoirs by pumping in CO2.

“Storing CO2 would actually help stabilize the pressure, so it’s a good place for the nation’s first CCS project,” said Kwon. The Donghae field was discovered in 1998."

The only criticisms are the cost, won't be a "silver bullet" and a mild one from Greenpeace which wants more renewables.

"“CCS is like a unicorn that will only live in our imagination because it has long been a costly and risky distraction,” said Kim Jiseok, a climate and energy specialist at Greenpeace in Seoul. “Focusing on expanding renewable energy will be a more efficient way of getting closer to carbon neutral.”

But as governments raise penalties for companies that fail to curb or offset pollution, the cost equation is likely to change, making CCS more attractive.

“The main goal of CCS is to sequestrate carbon dioxide, but it’s also meant to stay economically competitive,” said Yoo Dongheon, a senior research fellow at Korea Energy Economics Institute. “It’s going to be an incredibly important technology in our race to net zero.”"

So, the author rounds off on positives and praise for the Korean oil company.

The contrast between Crowley and Lee is extreme. I could be wrong, but I feel it shows what's happening in the West v East. In the West it's hostility and warfare against the oil companies, but in the East it's not.


https://www.bloomberg.com/news/articles/2021-05-11/major-exxon-investor-joins-activist-battle-to-reform-oil-giant

https://www.bloomberg.com/news/articles/2021-05-10/pumping-co2-deep-under-the-sea-could-help-korea-hit-net-zero

 

Link to comment
Share on other sites

Heart's Ease

Anyone else 'lucky' enough to own Infastrata - had a message today from HL explaining that I could buy additional shares at 30p as part of a (iirc) rights issue. Just a heads up.

In brighter news, got seven either XD or XD today.  While I'm sitting on my hands as much as I can with 21/22 ISA/SIPP funding it's good to have a few bob arriving.

🍻 everyone.

Link to comment
Share on other sites

2 minutes ago, Heart's Ease said:

Anyone else 'lucky' enough to own Infastrata - had a message today from HL explaining that I could buy additional shares at 30p as part of a (iirc) rights issue. Just a heads up.

In brighter news, got seven either XD or XD today.  While I'm sitting on my hands as much as I can with 21/22 ISA/SIPP funding it's good to have a few bob arriving.

🍻 everyone.

The director and his assistant are worrying where next years million pound bonus is coming from; the robbing bastards.

A couple of decent contracts and it should spike, and then i'm out ... i do think as a company it'll do well in the coming years as it'll have govt backing, but im not so sure for shareholders. I'm only about 12% down on my overall holding at the moment. Pity as it could have made some nice gains elsewhere in the last 14 months.

Certainly a live and learner that one!

 

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.

×
×
  • Create New...