Member Info for pasajerodeltoro

I may have to take that back... I think ?? we have a confession.
https://twitter.com/jatilfrihet1/status/1575554102515605504?s=20&t=2EY-_dgqP10fkJ7rJkUA2g

Possible it's accident (likely caused by Putin) as far as I can tell, unless someone shows me some more evidence. https://twitter.com/PasajeroToro/status/1575661528132775937?s=20&t=2EY-_dgqP10fkJ7rJkUA2g

https://twitter.com/theapcuk/status/1574359373064847361?s=20&t=DQFdi7MvbSImllvCKomAOA

Good argument here. https://twitter.com/PasajeroToro/status/1575534903156166656?s=20&t=CjJbFuSnDcytmu4upqULWA

NASA is an acronym for "Never A Straight Answer".
The allies can't get their stories straight.
https://twitter.com/PasajeroToro/status/1575349264384942080?s=20&t=-OcW98Cph_wXKAYVccuHDg

Peter Sweden knows things...
https://twitter.com/tvestly/status/1575167366857904128?s=20&t=-OcW98Cph_wXKAYVccuHDg

Dollar Strength: Why it Could WRECK The Global Economy!
https://www.youtube.com/watch?v=Bn9vFeguXfs

I said this to Jacob Ress Mogg: "These idiots want to turn UK into Venezuela & create their own energy-producing company state-owned to compete with capitalist companies that actually work instead of go on strike every 5 mins- because they're paid well. But yes to "bill services" - do that."
- You can guess who the idiots are. They just had a conference and then all the shareprices crashed.

My comment on the Guardian video, link below:

"Energy bill service provider, yes - that's easy,
but governments shouldn't get involved with generating energy,
when they have neither the skills or experience,
and when they will not pay real energy workers what they are worth.

Look at Venezuela and think about the insanity of what he his saying.
Politics is not engineering or science, so it's best they stay out of both,
and let the workers do their jobs and eventually get rewarded for their hard work,
with good salaries instead of government salaries."

https://www.youtube.com/watch?v=nf4-Ij8hgqQ

My comment on the Guardian video below:
"Energy bill service provider, yes - that's easy,
but governments shouldn't get involved with generating energy,
when they have neither the skills or experience,
and when they will not pay real energy workers what they are worth.

Look at Venezuela and think about the insanity of what he his saying.
Politics is not engineering or science, so it's best they stay out of both,
and let the workers do their jobs and eventually get rewarded for their hard work,
with good salaries instead of government salaries."
https://www.youtube.com/watch?v=nf4-Ij8hgqQ

I said this to Jacob Ress Mogg: "These idiots want to turn UK into Venezuela & create their own energy-producing company state-owned to compete with capitalist companies that actually work instead of go on strike every 5 mins- because they're paid well. But yes to "bill services" - do that."
- You can guess who the idiots are. They just had a conference and then all the shareprices crashed.

Could it have been an accident caused by both sides turn off their values, trapping a large amount of gas in the pipe and thus creating a rather large "bomb"...? Maybe some chemical reaction produce the required ignition source. Perhaps the cold temps concentrated trace amounts of oxygen in the shut-down pipeline, small fire(s) started and this turned some of the methane into acetylene and hydrogen which burned through the pipe...?

"...incomplete pyrolysis of the waste methane while keeping the carbon locked up in gaseous form as acetylene."
https://en.wikipedia.org/wiki/Sabatier_reaction
https://pubs.acs.org/doi/10.1021/ie50685a008
https://pubs.rsc.org/en/content/articlehtml/2019/ra/c9ra05964d
https://www.bakerhughes.com/panametrics/success-stories/measuring-oxygen-pipeline

Before you go and put all your assets in bullion, I expect that the BoE or some institution will inevitably do a Gordon Brown soon and make Gold collapse some more. Some traders are anticipating this. This may help the UK's economic situation short-term, but long-term there have to be some about-turns on some fiscal policies that Tory party members are supporting that have led to this situation.

https://www.bullionvault.co.uk/gold-news/gold-uk-092820222

"Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture," the International Monetary Fund said overnight,, feeling it necessary to release what pundits called a "scorching" statement on Friday's deficit announcement despite having "engaged with the [UK] authorities" on the matter and warning that household inequality will widen.

"This is the IMF self-declaring as a left-wing body," said one pro-Government UK pundit on Wednesday.

"You really think this is about tax cuts?" said another.

"What the Sterling sell-off may have reflected...is the belief that this budget has made a Labour victory more likely."

"[But] large unfunded tax cuts will lead to structurally higher deficits amid rising borrowing costs, a weaker growth outlook and acute public spending pressure stemming from the pandemic and a decade of austerity," says ratings agency Moody's, cutting its 2023 GDP growth forecast for the UK from 0.9% to 0.3% and warning it may downgrade the UK's credit status.

"A sustained confidence shock arising from market concerns over the credibility of the government's fiscal strategy...could more permanently weaken the UK's debt affordability."

With Wednesday's rally in UK Gilt prices and the retreat in Gilt yields bucking another wide sell-off in European and other rich-world government bonds today, "Longer-dated sovereign notes in most developed markets are starting to look appealing," Bloomberg says, quoting US investment giant J.P.Morgan and noting that "yields are at levels last seen in 2010."

- Article by Adrian Ash, director of research at BullionVault.

Gold in GBP Jumps as UK Deficit Crisis Sees BoE Tries to Suppress Gilt Yields
Wednesday, 9/28/2022 13:31 | Bullionvault

GOLD PRICES set new 2.5-year Dollar lows on Wednesday before rebounding in terms of all major currencies as the Bank of England stepped in and bought UK government debt in a surprise intervention, calling the slump in Sterling and Gilt prices a "dysfunction" while trying to suppress Gilt yields following new Chancellor Kwasi Kwarteng's near-universally decried deficit-tax-cutting budget of last Friday.

Crude oil ticked higher and natural gas repeated yesterday's 5% rise for European December contracts, but other commodities fell alongside global stock markets as the Dollar pushed the Euro below $0.95 to hit fresh 2-decade highs on its trade-weighted major currency index.
...
Having failed to raise overnight UK rates by the 0.75 points widely expected at last Thursday's regular policy meeting, "Were the significant repricing of...long-dated UK government debt...to continue or worsen, there would be a material risk to UK financial stability," said the Bank of England today.

"This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy," it went on, promising to detail the size of its intervention "shortly".

Prices for 30-year UK Gilts had fallen so hard overnight that the yield demanded by new buyers jumped above 5% per annum, up more than 2 whole percentage points to the highest since 2002.

Today's BoE announcement saw that drop 75 basis points before rising back above 4.5% – itself a fresh 11-year high when reached in Monday's Gilt crash.

This marks "a very successful and important intervention...the right thing to do," according to former deputy governor of the Bank, now Professor Sir Charlie Bean.

"This is......bad," says the Financial Times' economics editor, in contrast.

"It is actually incredible," adds a Conservative MP quoted by a Sky News reporter.

"The UK central bank has had to step in to protect the UK from the actions of the UK's own government!"

Having cut tax without cutting spending in Friday's "mini budget" to need an additional £1 by April for every £7.65 already owed to Gilt market investors, Kwarteng himself meantime held talks with leading investment-bank and other financial-firm bosses in what the BBC calls a "crisis" meeting.

With lenders unable to price new home-loans amid the chaos in UK borrowing costs, almost 1-in-4 mortgage products were withdrawn by lenders on Tuesday according to MoneyFacts, slashing the total to just half the number available at the start of December, before the Bank of England finally raised its key overnight rate from 0% to reach 2.25% last week.

UK inflation in August ran just below 10% per year.

I suspect that Igas has been changing some of it's cash assets to dollars. Their pretty good at hedging.

"QE Infinity in the UK, EU. The EU has also approved a stimulus package, tax cuts, subsidies, and promoted wage increases. Hyperinflation coming. Not sure why the accepted EU subsidies and tax cuts but punished the UK." - PM

"OMG! What happened to UK? US is doing QT and UK started with unlimited QE? Is BOE out of its mind. This is like doubling the damage of Truss's fiscal stimulus!!! Someone gives these guys an Economics book!" - A

"BoE has announced more QE (buying long term Gllts) with inflation north of 10% ??" - PMA
https://finance.yahoo.com/quote/GBPUSD%3DX/community?p=GBPUSD%3DX

Check diverted tax (going up to 31%) and Ring Fence Corporation (RFCT) tax (30%.).
Ring fence companies can claim Marginal Relief on profits between £300,000 and £1.5 million.
https://www.gov.uk/government/publications/rates-and-allowances-corporation-tax/rates-and-allowances-corporation-tax
Igas has some oversees assets, but they are being liquidated.
https://www.gov.uk/government/publications/change-to-the-diverted-profits-tax-rate-from-1-april-2023/change-to-the-diverted-profits-tax-rate-from-1-april-2023

This is often cited by global warming alarmists that don't understand space weather.
They say that "we fixed the ozone layer". This statement is now being refuted by these chemists in Canada.
https://twitter.com/JunkScience/status/1574573698371166226?s=20&t=88lzm6TuNxZ1KCzEz0JF4g
https://notrickszone.com/2022/09/26/gigantic-ozone-hole-7-times-larger-than-antarcticas-widens-over-the-tropics/
https://aip.scitation.org/doi/10.1063/5.0094629