How We Broke the Climate Change Debates. Lessons Learned for the Future

By Larry Kummer – From the Fabius Maximus website.

Summary:  This, my 305th post about climate, explains what I’ve learned so far. I believe that climate science as an institution has become dysfunctional; large elements of the public no longer trust it. The politics of climate change are polarized and gridlocked. The weather will determine the evolution of US public policy. All we can do is learn what went wrong so we can do better next time, and wait to see the price we pay for our folly.

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Why We Can’t Handle An Equities Bear Market, Part 1: State Budgets Will Implode

By John Rubino – Re-Blogged From http://www.DollarCollapse.com

Back when society’s balance sheet was reasonably solid, the occasional bear market was no big deal. A 20% drop in the average S&P 500 stock would scare investors and lead to slight declines in consumer spending and government capital gains tax revenue, but the overall economy would barely notice such a minor speed bump.

But that was then. Like a person with an impaired immune system, today’s developed world is so highly leveraged that a shock of any kind risks catastrophic complications. Which is why governments and central banks now meet every incipient crisis with quick infusions of newly-created cash and lower interest rates. We can’t risk letting markets be markets any more.

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It’s The US Dollar, Stupid!

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

Don’t let the bull-tards tell you the stock market over here is falling because of China’s problems, or Grexit, or fear of the nebulous Fed rate hike. We’ll just see about that last one now anyway!

The US asset bubble is the biggest one on the planet today, and it just went pop. The currency too has rallied over the past few years on the fairy tale that everyone else is inflating while the US is about to tighten, which may have been more plausible if they just started telling it now, and the dollar had not yet gained 65% on the Yen, 35% on the CAD, 30% on the Euro or 25% against a basket of trade weighted currencies -on exactly that story. They have been talking that game for a long time in fact. The worst part about it is that it hasn’t been true, at least not until now. The Fed has expanded money the most in the post 2008 environment -more than the ECB, more than the BOC, BOE, SNB, RBA, and probably more than the BOJ if my suspicions are correct.

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The Top 5 Lies About Fracking

Explosions, poisons, pollution, cancer, and global warming all considered.

By – Re-Blogged From http://www.Reason.com

Gasland Part II, the sequel to director/activist Josh Fox’s earlier anti-fracking docudrama Gasland, will run on HBO next Monday. It appears to have rounded up the usual corporate villains and appealing victims of profit-hungry capitalist skullduggery, rather than telling the more substantial story: that fracking combined with horizontal drilling has unleashed a bonanza of cheap natural gas.

Fracking involves injecting pressurized water combined with sand and small amounts of chemicals to crack open shale rocks so that they will release trapped natural gas. Generally, the shale rocks are thousands of feet below the aquifers from which people draw drinking water. No doubt to the dismay of activists, President Barack Obama appears to endorse the process. “Sometimes there are disputes about natural gas,” he said at his climate change speech last week at Georgetown, “but let me say this: We should strengthen our position as the top natural gas producer because, in the medium term at least, it not only can provide safe, cheap power, but it can also help reduce our carbon emissions.”

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The Recurrent Problem of Green Scares That Don’t Live Up to the Hype

By Matt Ridley – Re-Blogged From http://www.WattsUpWithThat.com

‘We’ve heard these same stale arguments before,” said President Obama in his speech on climate change last week, referring to those who worry that the Environmental Protection Agency’s carbon-reduction plan may do more harm than good. The trouble is, we’ve heard his stale argument before, too: that we’re doomed if we don’t do what the environmental pressure groups tell us, and saved if we do. And it has frequently turned out to be really bad advice.

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A Visit to the Most Expensive House in America

By Bill Bonner – Re-Blogged From http://www.LewRockwell.com

BALTIMORE, Maryland – Today, a first-hand account of a visit to America’s most expensive private house… and what it tells us about our nation’s fictitious economy.

But first, a headline from Bloomberg yesterday:

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