Hey California!!!, Wind and Solar Don’t Work in a Flood

Re-Blogged From CO2 is Life

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I hate to say I told you so, but I told you so. Climate realists like myself have been trying to call attention to how dangerous the misallocation of resources caused by this war on climate change truly is. Now California is finding out…too late.

Live updates: Evacuations below Oroville Dam remain in effect as officials try to make repairs before new storms

Instead of building and repairing roads, bridges, and dams, Californians built wind and solar farms, and wasted fortunes on countless other “green initiatives.” Just today some California schools are banning meat and cheese from school lunches.

A BIG Green Budget

The focus during Brown’s 2017-18 Budget press conference was climate change policy and spending, increases in spending on childcare, High Speed Rail rather than road improvements, and another $2.2 Billion for the faltering green economy with cap and trade, which Brown promised to double down on.

California is now learning the hard way justs how costly and dangerous it is to worship at the altar of Climate Change. Nothing man or California will ever do will alter the trend in atmospheric CO2, but man can prepare for the impact of climate change, whether caused by man or natural forces. Reinforcing dams, building roads and bridges, managing forests and fire hazard brush, building endangered species breeding farms, buying up and protecting sensitive habitat are all legitimate issues that aren’t being funded because the money is being redirected towards wasteful and ineffective feel good do nothing projects.

To make matters worse, everyone saw it coming and did nothing to prepare.

Environmental groups predicted emergency spillway erosion in 2005 court document

An Oroville reservoir emergency spillway that rapidly eroded over the weekend was first predicted in court documents filed by environmentalists more than a decade ago.

American should use California as a case study in stupidity, and not repeat her mistakes.

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At least someone in California still has some common sense. “Make America Great Again” never looked so good.

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Be sure to read: How to argue the science of Global Warming with a Climate Alarmist and win.

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How The Filthy Rich Create Jobs Directly & Indirectly!!!

By Jonathon Dunne – Re-Blogged From Freedoms Disciple

Let me start this column by asking you some questions. How much do you HATE rich people? How many think they hold poor people down? How many feel they are disadvantaged and put out by them? How many feel they don’t pay their “fair share”?

Let me introduce you to person X. He has a net worth of over $450 million and earned a massive $88 million in the last calendar. His “day-job” pays him around $26 million a year. You hate him already, right? Damned millionaires and billionaires!!! Right?

Well it gets worse so trigger warning. He is just the third person in history to sign a life-time contract with an un-named company worth $14 million a year and has other contracts that pay handsomely over the course of the year. Lastly he has hotels in four different cities.

How sad is the world we live in, that a chunk of the population including our friends on the left would read the above paragraph’s and hate him and seek to tear him down. I bet some of you have already messaged some of your friends wanting to start a protest, right?

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International Flows Of Funds

By Don Swenson – Re-Blogged From http://www.Silver-Phoenix500.com

The evolution of money has entered a new paradigm where our money flows are now mostly within cyberspace. This new paradigm is now becoming global and ubiquitous as metal and paper money is being eliminated from circulation gradually and relentlessly. Historical monies like paper notes and fiat units of account tied or backed to a commodity (gold/silver) have mostly been replaced with fiat cyber/digital currencies which ‘flow’ and ‘circulate’ within our computer screens. Cyberspace is now a reality for currency ‘flows’. Let’s briefly describe this historical evolution:

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Weekly Climate and Energy News Roundup #258

By Ken Haapala, President, Science and Environmental Policy Project

Brought to You by www.SEPP.org

Data Integrity: For several years, some commentators who deal with historic temperature data in their daily work, such as Joe D’Aleo of ICECAP, have stated that warming trends suddenly appeared in areas in which there were no such trend previously, such as the state of Maine. Until about 2011, the government published data showed no trend from 1900 to present. Suddenly, government published historic data showed a warming trend of about 3 degrees F. Tony Heller (who goes by Steve Goddard) has followed this issue, graphically showing that trends appeared in recently published historic data, where earlier historic data showed none.

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The Three Lives Of Alan Greenspan

By John Rubino – Re-Blogged From Dollar Collapse

When the history of these times is written, former Fed Chair Alan Greenspan will be one of the major villains, but also one of the greatest mysteries. This is so because he has, in effect, been three different people.

He began public life brilliantly, as a libertarian thinker who said some compelling and accurate things about gold and its role in the world. An example from 1966:

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold in 1934 under FDR. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

Awesome, right? But when put in charge of the Federal Reserve in the late 1980s, instead of applying the above wisdom — by for instance limiting the bank’s interference in the private sector and letting market forces determine winners and losers — he did a full 180, intervening in every crisis, creating new currency with abandon, and generally behaving like his old ideological enemies, the Keynesians. Not surprisingly, debt soared during his long tenure.

Along the way he was instrumental in preventing regulation of credit default swaps and other derivatives that nearly blew up the system in 2008. His view of those instruments:

The reason that growth has continued despite adversity, or perhaps because of it, is that these new financial instruments are an increasingly important vehicle for unbundling risks. These instruments enhance the ability to differentiate risk and allocate it to those investors most able and willing to take it. This unbundling improves the ability of the market to engender a set of product and asset prices far more calibrated to the value preferences of consumers than was possible before derivative markets were developed. The product and asset price signals enable entrepreneurs to finely allocate real capital facilities to produce those goods and services most valued by consumers, a process that has undoubtedly improved national productivity growth and standards of living.

He cut interest rates to near-zero in the early 2000s, igniting the housing bubble – which he was unable to detect along the way. He even made it into the dictionary, as the “Greenspan put” became the term for government bailing out its Wall Street benefactors.

From this the leveraged speculating community learned that no risk was too egregious and no profit too large, because government – that is, the Fed – had eliminated all the worst-case scenarios. Put another way, under Greenspan profit was privatized but loss was socialized.

Greenspan retired from the Fed in 2006 and, miraculously, began morphing back into his old libertarian self. A cynic might detect a desire to avoid the consequences of his past actions, while a neurologist might suspect senility. But either way the transformation is breathtaking. Consider this from yesterday:

Gold Standard Needed Now More Than Ever? – Alan Greenspan Comments

(Kitco News) – It would be best not to be short-sighted when it comes to gold; at least that is what one former Fed chair says.

“The risk of inflation is beginning to rise…Significant increases in inflation will ultimately increase the price of gold,” noted Alan Greenspan, Federal Reserve chairman from 1987 to 2006, in an interview published in the World Gold Council’s Gold Investor February issue.

“Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”

However, it is really the idea of returning to a gold standard that Greenspan focused on — a gold standard that he said would help mitigate risks of an “unstable fiscal system” like the one we have today.

“Today, going back on to the gold standard would be perceived as an act of desperation. But if the gold standard were in place today, we would not have reached the situation in which we now find ourselves,” he said.

“We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line.”

To Greenspan, the reason why the gold standard hasn’t worked in the past actually has nothing to do with the metal itself.

“There is a widespread view that the 19th Century gold standard didn’t work. I think that’s like wearing the wrong size shoes and saying the shoes are uncomfortable!” he said. “It wasn’t the gold standard that failed; it was politics.”

One of the nice things about the information age is that public figures leave long paper trails and can’t therefore easily escape their pasts. Greenspan’s past, being perhaps the best documented of any central banker in history, will haunt him forever.

But hey, at least he’s going out a gold bug.

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Lessons Learned From the End of California’s “Permanent Drought”

By Larry Kummer – Posted at the Fabius Maximus Website.
Summary: The “permanent drought” in California, like the now ended “permanent drought” in Texas, is ending. But like the panic about Texas, it is rich in lessons about our difficulty clearly seeing the world — and the futility of activists exaggerating and lying about the science. Of course, they should have learned this after 29 years of trying (starting from James Hansen’s 1988 Senate testimony).

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Warnings of a permanent drought in California

Remember all those predictions of a “permanent drought” in California? Those were examples of why three decades of climate alarmism has not convinced the American people to take severe measures to fight anthropogenic climate change: alarmists exaggerate the science, and are proven wrong — repeatedly. When will the Left learn that doomster lies do not work?

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