Sunday, June 24, 2018

Currency war can end global US dollar dominance & those who own gold have power

The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has said in an interview with RT. With geopolitical power shifting from West to East, US dominance may be ending. "But isn't this just one person's opinion?" you might well ask.


In this particular instance it is, but this page has spent enough time over the past few years reporting on the coming currency war, the move by China, Russia and a group of emerging economic powers including India and Brazil, to abandon the US$ as the reserve currency for international trades to convince even the most gung ho American patriots that something is going on that cannot have a good outcome for their country.


A significant sign that the USA is no longer regarded as the ultimate safe haven is the recent rush tp repatriate physical gold from the United States. In the past twleve months nations including Germany, Turkey, France, The Netherlands, South Korea and Japan have been taking their bullion home. The reason is the Cold War is over and despite the Russiagate scaremongering of neocons and the military - industrial complex, countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador.


The world has been living in crisis since 2008, while a currency war started even earlier, Grass said to RT. Central banks have been creating trillions of dollars out of thin air by issuing bonds, while central banks are coordinating the debasing of currencies, he said.


None of the money printing panic measures implemented since 2008 have made a significant difference, and with sovereign debt still growing it is obvious that the systemic problems still exist. The longer economies remain reliant on debt the greater the risks become and the more fragile the global economy is. More than 65 percent of all monetary reserves in the central banking system are held in the world currency reserve, i.e. in USDollar denominated treasury bonds. Therefore, holding physical gold is definitely the best hedge against a crash of any paper currency, and therefore also against a crash of the USD.


The global economy has become boged down in a “Monopoly-Game” system or a legalised Ponzi scheme that is based on debt and financial leverage.



Sunday, June 10, 2018

Green Energy Scam Exposed Again

9 June, 2018

This has been a terrible week for the renewable energy business.

Across the world solar energy share prices have crashed. This was caused by a sudden and unexpected decision by China, the world’s biggest solar manufacturer and user, to rein in subsidies.


According to Caixin Global:

China has abruptly put the brakes on solar power subsidies, seeking to stem overcapacity in a sector that has benefited for years from government incentives.


The move caught many in the industry off guard.


The government won’t grant subsidies to any new ordinary solar projects this year. For those that are being built, the incentives will be cut by 0.05 yuan (0.8 U.S. cents) per kilowatt-hour (kWh).

Solar stocks have fallen across the board by double digits. It’s uncertain when they will .


It hasn’t been a good week for wind energy either. In Britain, the industry has become a national joke because for seven days its wind turbines stood still and produced no electricity. No problem for the renewables industry troughers who still get their subsidies from government whether the wind blows or not. But definitely unfortunate PR for an industry which would prefer everyone not to notice one of wind energy’s main problems: it’s intermittent – which means that a) it’s not always there when you need it and so b) it requires constant back up from more reliable fossil fuel on standby.


The joke is made all the better when we remember the song and dace last year when on one day, and by means of the most outrageoust distortion of the facts, greenies claimed more than half our energy came from 'green' sources (which includes nuclear BTW, in any other circumstances as much a hate object for greenies as coal and oil.


We shouldn’t laugh, it's cruel to mock the afflicted. On the other hand we have to laugh, ridicule is the best wat to stop guys like this from getting away with their outrageous lies and misrepresentations.

Nuclear power - including existing plants - needs to be remunerated for the zero-carbon power it produces. That must be kept separate from pork-barrel subsidies to dying coal plants. And nuclear lobbyists, please understand: you need to make friends with renewables.



Liebreich – founder of Bloomberg New Energy Finance – has done extremely well out of the climate change scare industry. That’s why he can afford to jet freely around the world (not first class, he insists in a subsequent tweet: just economy to Dublin to catch Gorillaz on Skype.)


So he is revealed as virtue-signalling hypocrite, happy to lecture the rest of us about the need to sit shivering in our cold, dark houses and go everywhere by bike, while his environmental purity does not dissuade him from hopping on a plane from London to Dulin ("not first class," he tells us, as if it makes a difference to the fuel burned. Simultaneously with his stacking up the air miles and extending his carbon footprint like an Al Gore-style boss he is railing about plastic pollution, the fashionable environmentalist cause of the week, by complaining about artificial plants in the airport departure lounge.


The global warming industry – the Climate Industrial Complex as some are starting to call it – has been estimated as being worth an annual $1.5 trillion, but that was three years ago and like john Steinbeck's monster and all others of the same genus, it has to grow or else it dies.


Like a lot of renewables advocates, Liebreich has grown rich on taxpayers money from his support for environment scams, making more money than had he been a skeptical scientist carrying out independent research based on real world evidence and not results from mathematical models fed 'adjusted data,' or a journalist writing about what a huge con the global warming industry is.


Liebreich gives the game away in a piece published recently about the way forward for global energy industry. He addresses the bogus dilemma that he claims oil companies face: do they abandon fossil fuel early and move into renewables; or do they extract the last remaining value they can?


This is pure green propaganda masquerading as dispassionate business advice. A business advice it is pure bollocks. Most Big Oil company CEOs now, wearing their best shit - eating grins, pay lip service to the Church of Scienceology dogma of wind and mirrors and apologise for the pure evil of their sticky black gold. Behind the masks of course they are happily aware of the reality that renewables still provide a tiny percentage of global energy consumption and that even by 2040 – if you believe BP’s highly suspect projections, : fossil fuels are still going to provide well over half global energy consumption.


Here is the key passage in which Liebreich gives the game away, admitting that sustainables do not provide a realistic alternative to fossil fuels :

There is no inherent dishonor or immorality in pursuing a Sunset Ride. Even the most ardent climate activist is going to be a user of fossil fuels and petrochemical products for many more decades, and no one with integrity can demonize products whose demand they themselves drive. Dishonor and immorality lie only in attempts to obfuscate or delay the global transition to clean energy and transport, either through lobbying and misinformation or through a failure to strive for the highest standards within one’s own operations. Oil and gas companies need to lead on eliminating fugitive emissions and flaring, and to act with transparency and honor around the world.

In that “dishonour and immorality” bit lies the dirty big secret of the renewables industry which must be protected at all costs by elitist Omerta. Energy from wind and solar power are not reliable, sometimes the wind does not blow sufficiently strongly (or sufficently steadily - wind turbines can't handle sudden gusts,) and there are cloudy and rainy days even in southern Spain or south California which mean that while geenies in the UK are crowing about ONE DAY in the summer of 2017 when more of our energy "came from green sources" they carefully omit to mention that most of the energy from coal, gas and oil fuelled plants was going down to earth because such equipment cannot be shut down or brought back to optimum speed at the flick of a switch. The same amount of carbon dioxide was being emitted, but the fuel burned was simply wasted.



RELATED POSTS:


Trump Announces US To Quit The Paris Climate Accord

Fulfilling another campaign pledge, US President Donald Trump yesterday announced the U.S. would withdraw from the Paris climate pact and that he will work to renegotiate the international agreement in a way that treats American workers better. “So we are getting out, but we will start to negotiate and we will see if we can …


German Scientist Confims Climate Change Ia A Politically Motivated Scam

Even as the inbred idiot Prince Charles was babbling to a hand picked audience about the skid marks in his underpants being caused by Climate Change, a somewhat more scientifically literate person, Dr. Friedrich Karl Ewert, a retired geologist and data computation expert, has confirmed what those of us dubbed 'climate deniers' have been telling you for years ...


German Scientist Confims Climate Change Ia A Politically Motivated Scam

Even as the inbred idiot Prince Charles was babbling to a hand picked audience about the skid marks in his underpants being caused by Climate Change, a somewhat more scientifically literate person, Dr. Friedrich Karl Ewert, a retired geologist and data computation expert, has confirmed what those of us dubbed ‘climate deniers’ have been telling …


Obama’s Climate Change Hypocrisy – The Arrogance Of The New Patricians

It is customary for US Presidents, when they leave office either having served two terms, been defeated in an election, or of their own volition, to fade quietly into the background. This is largely good manners, for an ex President to appear to be trying to intervene on political issues and influence events or public …

Big Business Joins Climate Change Scaremongers

The Paris summit on climate change approasches, which means the tree hugging fascist tendency are turning up the volume to eleven again. Trouble is they cannot produce a shed of evidence to back up their wild claims of imminent catastrophe because global warming only exists in their mathematical models, in the real world it is not happening/


Confusion Reigns As Paris Climate Conference Draws Near

The carbon dioxide driven climate change scam is back on the agenda as yet another monstrously expensive and fossil fulel gobbling jolly for politicians, scientists, freeloaders and general wankers gather to eat, drink, talk a lot and do nothing about a problem that exists in mathematical models but not in the real world.


Volkswagen Emissions Scandal - Is It The Tip Of The Iceberg?

The real problem here is that, driven by the hysterical warnings of self interested pseudo-scientists, politicians have set unachievable targets for reducing emissions while demanding that national economies keep growing.



Climate Denial Finally Pays Off

This blog has always been sceptical of the scientific case for climate change. And we admit that NO we are not climate scientists, NO we have not published research papers in ‘peer reviewed’ science journals. Of the three main contributors (all retired or semi retired) one is an engineer who still lectures in engineering and …


Nobel Laureate Smashes the Global Warming Hoax VIDEO
Nobel laureate Ivar Giaever's speech at the Nobel Laureates meeting 1st July 2015. Ivar points out the mistakes which Obama makes in his speeches about global warming, and shares other not-well known facts about the state of the climate.



Charlotte Church blames Syria’s brutal civil war on CLIMATE CHANGE (not ISIS, Assad or Obama)

Last Nights QT: Stephen Kinnock, Leanne Woor (obscured) Charles Moore, David Dimbleby (host) Charlotte, Stephen Crabbe (Image source) Classical singer turned left wing fuckwit showed exactly what is wrong with the left on Question Time last night Climate change played a role in Syria’s conflict, according to Charlotte Church. Speaking as part of the panel …



The Pain In Spain as Green Energy Policy Fails

You will not find anything in mainstream media, either print or broadcast, about the failure of the green energy initiatives that have left Spain in dire economic strais or Denmark in the dark. Bizarre, as other governments are pressing ahead with plans to make us reliant on these crackpot schemes and intellectual wanks of mad scientists ...




Climate Scientists versus Free Speech and Freedom Of Information

This week four groups, whose boards represent a distinctly liberal world view and who oppose scrutiny of taxpayer-funded science by academics, asked the University of Virginia to disregard its agreement before the court with American Tradition Institute to provide the records of former climate scientist Dr. Michael Mann, which belong to the public. The groups, led by the far-left Union of ....


Ever Changing Ocean

The scientists warn us climate change will cause massive extinctions, species will be destroyed, nations will die, the oceans will swamp huge areas of land as sea levels rise and lots of scaremongering stuff like that. But life in the seas has survived much worse catastrophes, much more violent changes than anything we puny humand can conjure up. It is a measure of the arrogance of humans in general and scientists in particular to imagine we puny humans could destroy the planet.also availabe HERE


Climate Change and the Population Explosion
In all the debates about climate change and the effect of carbon dioxide emissions on the environment there is one issue that has a huge bearing on humanity's relationship with our planet that neither politicians nor scientists will discuss. Population growth. So a philosopher has to step up to the mark and ask why people are encouraged to have children when we face so many population related problems?



Here’s A Snippet From A Brilliant Article On Climate Change

Those building the biblical Tower of Babel, intending to reach heaven, did not know where heaven was and hence when the project would be finished, or at what cost. Those setting out to solve the climate change problem now are in the same position. If we were to spend 10 or even 100 trillion dollars …



The Great Wind Turbine Catastrophe

Because of failure to invest in new coal and nuclear powered generating plants to provide the electric energy we need Britain now faces a serious shortfall in electricity supply as old stations, already well past their planned lifespan are forced to close. Seduced by the voices of academics and the science lobby, the government seems foolishly determined to rely on wind turbines for future electricity needs.