China makes ‘flammable ice’ breakthrough in South China Sea

By Alec Macfarlane – Re-Blogged From CNN/Money

China is talking up its achievement of mining flammable ice for the first time from underneath the South China Sea.

The fuel-hungry country has been pursuing the energy source, located at the bottom of oceans and in polar regions, for nearly two decades. China’s minister of land and resources, Jiang Daming, said Thursday that the successful collection of the frozen fuel was “a major breakthrough that may lead to a global energy revolution,” according to state media.

This is what flammable ice looks like

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Oxfam’s Climate Warriors Declare War on Poor People

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

Oxfam have written a report which claims coal power will create more poverty. In my opinion this claim is a disgusting direct attack on the coal fired industrialisation, jobs and opportunities currently lifting a growing number of people out of chronic poverty in Asia and Africa.

Energy Use 2010-2015

Energy Use for Aluminium Smelting 2010-2015. Source World Aluminium Institute

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There’s No Easy Way Out of Africa for French Forces

Re-Blogged From Stratfor

Forecast Highlights
  • The weakness of Sahel states, including Mali and Niger, will continue to force them to rely on foreign powers, such as France, for security.
  • France will continue working to prevent a security crisis from developing in any of its partner states in the terrorist-rich Sahel.
  • Newly elected French president Manuel Macron will be limited in his ability to militarily disengage from Mali and Africa more broadly.

Despite all of France’s pressing domestic issues, its newly elected president, Emmanuel Macron, traveled to Mali during his first week in office, sending a clear message to the world: France still considers Africa a top priority. On the trip, Macron met May 19 with Malian President Ibrahim Boubacar Keita and with some of the more than 3,000 French troops stationed in the country under the aegis of Operation Barkhane. Though Macron’s political strategy is still solidifying from campaign promises into actual policy, his administration will face the same severe constraints in the Sahel region as did his predecessors, including institutional weakness, resilient Islamic militant groups and rough physical terrain — which will make a military drawdown difficult.

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What Not to Buy in Today’s Stock Market

By Vitaliy Katsenelson – Re-Blogged From IMA
Dear reader, if you are overcome with fear of missing out on the next stock market move; if you feel like you have to own stocks no matter the cost; if you tell yourself, “Stocks are expensive, but I am a long-term investor”; then consider this article a public service announcement written just for you.
Before we jump into the stock discussion, let’s quickly scan the global economic environment. The health of the European Union did not improve in 2016, and Brexit only increased the possibility of other “exits” as the structural issues that render this union dysfunctional went unfixed.
Japan’s population has not gotten any younger since the last time I wrote about it — it is still the oldest in the world. Japan’s debt pile got bigger, and it remains the most indebted developed nation (though, in all fairness, other countries are desperately trying to take that title away from it). Despite the growing debt, Japanese five-year government bonds are “paying” an interest rate of –0.10 percent. Imagine what will happen to its government’s budget when Japan has to start actually paying to borrow money commensurate with its debtor profile.

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Climate Scientist Josh Willis Shows You How to Deal With Your Climate Change Denying Uncle

By Dave Burton – Re-Blogged From http://www.WattsUpWithThat.com

Josh Willis, of NASA JPL, has a new video out entitled, “Straw Men of the Apocalypse – How to deal with your climate change denying uncle.”

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Notice that “catastrophic” is apparently not scary enough, these days. Global warming is now “the Apocalypse.”

The video starts out with two guys crawling along the parched ground under the blazing desert sun. One of them says to the other, “We’re gonna die out here, man. If only society had done more to fight climate change.” And it goes downhill from there.

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Markets Should Fear Central Banks More Than Trump

By Michael Pento – Re-Blogged From Pento Portfolio Strategies

Trump’s economic agenda has become further delayed by what seems like daily leaks from the White House. This may finally bring about the long-awaited equity market pullback of at least 5 percent. However, what will prove to be far more troubling than Trump’s ongoing feuds with the DOJ and the press, is the upcoming market collapse due to the removal of the bids from global central banks.

The markets have been feeding off artificial interest rates from our Federal Reserve and that of the European Central Bank and the Bank of Japan for years. In addition, the global economy has been stimulated further by a tremendous amount of new debt generated from China that was underwritten by the PBOC. After it reached the saturation point of empty cities, China is now building out its “Belt and Road Initiative” that could add trillions of dollars to the debt-fueled stimulus scheme that has been spewed out over the world-wide economy.

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Everything Bubble: Code Red

By SRSrocco – Re-Blogged From http://www.Gold-Eagle.com

The US economy and markets are now the BIGGEST BUBBLES in history.  In 2000, we experienced the Tech Bubble.  In 2008, we suffered both a Stock Market and Housing Bubble.  However, today…we are in the “EVERYTHING BUBBLE.”

This is an excellent video presentation by Mike Maloney at GoldSilver.com.  Mike puts together some of the best quality videos in the precious metals industry.  This one is a MUST SEE.  If you are frustrated with the performance of gold and silver since 2012, this video shows just how insane the markets have become.

[You can start at the 2:10 mark without losing anything. -Bob]

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