The Final Flush Is At Hand!

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

This past week, the following article was forwarded all over the internet

http://investmentwatchblog.com/if-deutsche-bank-goes-under-it-will-be-lehman-times-five/ as Deutsche Bank is “all of a sudden news”. Maybe this is a “German thing” with the latest out of Volkswagen? Deutsche Bank is not “all of a sudden”, they have been a derivatives monster for years and were saved in 2008 with part of the $16 trillion the Fed generously sprayed all over the world. The title suggesting DB will be the equivalent of five Lehmans is on the right track but not nearly severe enough. They are tied with JP Morgan as THE largest holder of derivatives in the world. Should Deutsche Bank fail, EVERYTHING FINANCIAL FAILS! It can even be said, “the entire world is Lehman” just waiting for their credit line to be cut 48 hours before complete failure.

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Weekly Climate and Energy News Roundup #197

The Week That Was: September 19, 2015 – Brought to You by www.SEPP.org

THIS WEEK: By Ken Haapala, President, Science and Environmental Policy Project (SEPP)

RICO: For years, some advocates of the position that human emissions of carbon dioxide (CO2) are causing unprecedented and dangerous global warming have also falsely claimed that the science is settled. Included in these claims are highly questionable claims that 97% of the scientists concur with this view. Now, twenty climate scientists have written to the President and the US Attorney General requesting legal prosecution of those who publically disagree with their views. The legal actions they are proposing fall under Racketeer Influenced and Corrupt Organizations Act, known as RICO. The act was designed to combat organized crime and makes a person who instructs criminal action taken by others guilty of the crime. In short, the individuals who wrote the letter are stating that anyone who does not agree with their views is guilty of a crime – racketeering.

This action is a clear display of the illogical thinking by some of those in the largely, publically-financed Climate Establishment whose vanity exceeds the rigor of their work. Rather than producing compelling physical evidence that human emissions of CO2 are causing dangerous global warming, they will compel others to publically think as they do by legal action. In effect, they are undermining their own position and their action illustrates that simply because some people trained as scientists believe X that does not make belief in X scientific.

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The Cotton Candy Market

By Keith Weiner – Re-Blogged From http://www.Silver-Phoenix500.com

As I have discussed previously…if you borrow cash, then it’s not income. This is why no one in his right mind borrows to buy consumer goods. Those who try cannot sustain it for long.

What if someone else borrows? Suppose someone else—let’s call her Jordyn—buys your house from you, at a higher price than you originally paid for it. You can spend some of the gain.

Of course she is just paying you with her borrowed proceeds, but most people think this is totally different than if you borrow to spend yourself. They feel comfortable spending part of the profit from the sale of a house or other asset.

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Climate Alarmists Demand Obama Use the RICO Act to Silence Critics

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

h/t JoNova and James Delingpole – A group of climate scientists, including Professor Kevin Trenberth, have demanded President Obama abuse the RICO act, to silence criticism of their theories.

rico

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The Fed’s Alice In Wonderland Economy – What Happens Next?

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

After the President of the United States, the most powerful person on the planet is the Chairman of the Federal Reserve.

Ask almost anyone on the street for the name of the US president, and you’ll get a quick answer. But if you ask the same person what the Federal Reserve is, you’ll likely get a blank stare.

They don’t know – partly due to the institutions deliberately obscure name – that the Fed is really the third iteration of the country’s central bank. Or that the Fed manipulates the nation’s economic destiny by controlling the money supply.

And that’s just how the Fed likes it. They’d prefer Boobus americanus not understand the king-like power they wield.

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US Stock Bubble Bursting As The US Fed Begins To Shrink Its Balance Sheet

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

All serious students of economics well know there are several factors that can inflate stock values…and even cause them to soar beyond common sense and corresponding fundamentals. However, there is one factor that dwarfs all others in its disproportionate material effect on pumping up stock prices beyond all historical and reasonable metrics:  AND THAT IS EXCESSIVE GROWTH IN THE FED’S BALANCE SHEET. 

One must recall that the S&P500 Stock Index suffered a bear market loss from 2007-2008…including the first two months of 2009.  During this bear market the S&P500 plunged well more than 55% by the time it finally bottomed in first week of March 2009.  Subsequently, the Fed relentlessly pumped up its Balance Sheet…with a view to stem the horrific two year rout in US stock prices.

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Stop The Insanity Of Wasting Time and Money On More Climate Models

By Dr. Tim Ball Re-Blogged From http://www.WattsUpWithThat.com

Nearly every single climate model prediction, projection or whatever else they want to call them has been wrong. Weather forecasts beyond 72 hours typically deteriorate into their error bands. The UK Met Office summer forecast was wrong again. I have lost track of the number of times they were wrong. Apparently, the British Broadcasting Corporation had enough as they stopped using their services. They are not just marginally wrong. Invariably, the weather is the inverse of their forecast.

Short, medium, and long-term climate forecasts are wrong more than 50 percent of the time so that a correct one is a no better than a random event. Global and or regional forecasts are often equally incorrect. If there were a climate model that made even 60 percent accurate forecasts, everybody would use it. Since there is no single accurate climate model forecast, the IPCC resorts to averaging out their model forecasts as if, somehow, the errors would cancel each other out and the average of forecasts would be representative. Climate models and their forecasts have been unmitigated failures that would cause an automatic cessation in any other enterprise. Unless, of course, it was another government funded, fiasco. Daily weather forecasts are improved from when modern forecasting began in World War I. However, even short term climate forecasts appear no better than the Old Farmers Almanac, which appeared in 1792, using moon, sun, and other astronomical and terrestrial indicators.

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