And a Happy Tuesday to you!
Besides yet another self-immolation - not on the sidewalk outside the White House, thank God, but Harris on national TV - it turns out another of the World Economic Forum's most prized objectives just got a teensy bit further out of their dystopian, grasping claws.
What really has to sting the enclave is that this was the year they would spend "rebuilding trust." You know, trying to shake that Bond villain image they'd so carefully cultivated and then forlornly realized probably wasn't the best facade when attempting to mold the world to your specifications.
...A fair portion of the rational world is looking at this pretentious, creepy clique of over-the-top Bond bad guys, and wondering why anyone gave a flying Fritz about the unelected party-going WEF to begin with.
YOU’RE NOT THE BOSS OF ME
For instance – Ms. Von Der Leyen. A miserable failure of a German politician who, in the classic fashion, has failed steadily upward through the European Union hierarchy to become President of the European Commission.
This year in Dah-VŌS, she’s not harping on the planet being saved as much as she’s sweating saving their schweet New World Order gig.
And what’s the threat that she and the others see, which she believes will be mollified with “rebuilding trust” lip-service, even as she declares war on it?
MISINFORMATION
Even when these elites are 'fixing' it, they're arrogantly stepping in 'it.'
It's not that they've made any error, you see, or that they've framed their message incorrectly.
NO, NO, NO, PERISH THE THOUGHT
It's that the filters through which the knuckle-dragging classes - that's us - heard the message were clogged, or we were too stupidly dense to hear it correctly.
So the war on 'misinformation" began in earnest, and this is supposed to rebuild trust in people we had no interest or faith in, to begin with. People whose world vision for us has nothing to do with their exalted status and the lives they fully intend to live as a separate caste themselves.
I suppose our ability to differentiate the massive hypocrisy chasm between the two is also a problem.
Take, for instance, one of the most irksome mantras to arise out of these Wagyu snarfing gatherings of giants of all stripes - EAT THE BUGS.
That diktat meant for the over-population of peasants in the fields of Earth - again, us - and they've done everything they can to wheedle, cajole, and threaten cheeseburger-loving carnivores into accepting that bugs, not burgers, are the only way to survive the future.
Green grift being what it is, in 2020, betting on bugs became big business, and boom!
Ÿnsect raises $124m to finish world’s biggest insect farm
The new capital will fund completion of the world’s largest insect farm, due to open in the city of Amiens, France in early 2022.
Ÿnsect’s 130-feet high vertical farm will produce 20,000 tonnes of insect-based protein for fish, farmed animal and pet feed and 80,000 tonnes of fertiliser products annually and create 500 direct and indirect jobs.
The company said it already has sales contracts worth $105m, including orders from aquafeed giant Skretting. It said the orders “recognise the dramatic yield and health benefits of the Molitor mealworm versus other insect species, and in particular the black soldier fly”.
The money flowed like organic almond milk and sustainably harvested honey.
Insect farming startup raises $175 million for food expansion
Insect farming startup Ynsect has secured more funding as it expands globally and looks to prioritize higher-value food for pets and humans.
The French company closed a €160 million, or $175 million, financing round, bringing the total amount raised so far to about $625 million. It’s shifting away from animal feed – such as mealworms fed to fish – to high-margin pet food and food ingredients to boost profit amid soaring energy, raw materials and debt costs.
“We are really focused today on where the value, the revenue are the highest,” and where the climate and biodiversity footprints are best, Ynsect co-founder Antoine Hubert said in an interview. “Animal feed is a good market, but it takes more time to make a positive financial and economic impact.”
Insects have emerged as a sustainable protein, helped by regulatory approvals in Europe, but bugs still remain a niche market and pricier food in the West. Securing financing has also been difficult for startups and new technologies amid increased investor scrutiny and more limited funding.
ZOMG! Bugs are SO the future that the climate cultists at the European Union gave their blessing to "insect meals" being included in food stuffs.
The maggot-like larvae of lesser mealworms — a type of shiny black beetle — and house crickets will become the third and fourth insects that can be sold as food for people in the European Union. Eight more applications await approval.
On Tuesday, the EU gave the green light to the sale of the larvae in powder, frozen, paste and dried forms. The crickets can be sold as partially defatted powder.
The labeling guidelines for whether you're ingesting insect meal in your foodstuffs seem a little iffy to me, but, as I wrote back in May, some clever chaps came up with an app that checks for bug googoo before you buy.
...By George, that's brilliant. Grind them up; they'll never know the bugs are in there.
Then the Davos demons can spring it on us that we've been eating bugs all along, sprinkled into our yogurt, our cereal, our boxed macaroni and cheese.
Oh, fiendishly bug-a-lish-us.
The good news is we Luddites have a few clever souls on our side who are already working to protect us.
That bug zapper in the backyard? The Germans have come up for one in Aldi aisles.
"We will NOT eat the bugs" 🐞 🐜 🐛 has become reality.
— ꧁✬ℯ𝒫ℯ𝒶𝓇𝒸ℯ✬꧂ 𝕏 (@ErikaPearce17) May 15, 2024
The German 🇩🇪 people were smart enough to develop an app which allows scanning of the products for insect 🦟 derivative ingredients. pic.twitter.com/IylwzZjwin
The people will find a way, be it bugs or EVs or whatever shiny bureaucrats try to shove down their throats.
Eventually, the peasants out-clever and outmaneuver the smug, over-educated classes, and the rejection is complete.
The victory won.
It is looking like a win in the bug column, too.
That much-lauded, well-capitalized, largest bug baby birth center in the world that they couldn't throw enough money at?
SOCCER BLEW
They seem to have run out of sugar daddies and are in imminent danger of being a big bug farm gone bust.
High-profile French industrial scaleup Ÿnsect, which has raised over $600m to date to farm insects and transform them into proteins, has entered a ‘procédure de sauvegarde’ (safeguarding proceedings) — a voluntary procedure that occurs when a company is at risk of insolvency.
A ‘procédure de sauvegarde’ takes place before a company is insolvent and is intended to reorganise the business as it faces financial difficulties.
An administrator has been appointed to oversee the procedure, which starts with a period of observation during which the company’s activities will continue normally. This lasts for six months (which can be renewed), with the objective of establishing a restructuring plan.
“Facing a complex economic and financial conjecture, which is characterised by the drying up of funding usually directed to high-growth companies, Ÿnsect has obtained the opening of a ‘procédure de sauvegarde’,” the company said in a statement.
Ÿnsect had been looking to secure funding for several months to fund the launch of its first industrial plant Ÿnfarm.
In August, the company’s cofounder Antoine Hubert told Sifted that finding fresh cash has been a major challenge.
All those millions for some prime bugs from the "world's largest" snazziest insect farm, and they couldn't sell them?
The French should take some comfort in knowing that, while they are the biggest bug bust, they're not the only ones.
The climate cult crowd couldn't get the notoriously Green Swedes to eat bugs either!
VURT DA FURK
Wanted to get Swedes to eat insects – now the company is going bankrupt
Tebrito in Orsa located in middle Sweden wanted to get Swedes to eat insects by producing food from industrially bred mealworms. Despite raising SEK 45 million (€3,84 million) from investors, the company was unable to get its finances in order and has now been declared bankrupt.
Tebrito was founded in 2016 by Nils Österholm and Åsa Martén. When the Swedish National Food Agency announced just over three years ago that it would approve mealworms as food, many investors thought the company had a bright future. This was not the case.
“The company has worked hard to find a long-term, sustainable financial solution. But despite constructive dialogues with potentially very interesting partners with the aim of scaling up the company, it has unfortunately not been possible to solve the most acute financial situation”, founder Nils Österholm writes in a statement.
Well, Jiminy Cricket! You can't "scale up" something no one wants.
Great news guys
— Thor Torrens (@ThorTorrens) July 28, 2024
The Swedish company Tebrito that produced insects for human consumption has gone bankrupt due to low demand
Repost to celebrate and to show that we will NEVER eat insects pic.twitter.com/Tlrx3pqGCg
I realize this is a tough lesson for the Davos crowd to swallow and I am nowhere near naive enough to believe they'll throw in the towel.
But the fact remains - there is no substituting bugs for burgers.
No one has ever demanded, "Where's the bugs?"
The market, as it is meant to, has definitively spoken.
Now, buzz off.
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