World’s Biggest Hedge Fund Is Getting Whacked

By John Rubino – Re-Blogged From Dollar Collapse

A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc — decided to branch out into common stocks.

This was a departure, but for a while a brilliant one. The SNB loaded up on Big Tech like Apple, Amazon and Microsoft, and rode them to massive profits, which enriched both the Swiss people and the SNB’s stockholders (in another departure, it’s a publicly traded company as well as a central bank).

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The Prodigal Parent

By Keith Weiner – Re-Blogged From Gold Eagle

The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. We hear lots—often from Baby Boomers—about the propensities of their children’s generation. The millennials don’t have good jobs, don’t save, don’t buy houses in the same proportions as their parents, etc.

We have no doubt that attitudes have changed. That the millennials’ financial decision-making process is different. And that millennials don’t see things like their parents (if you’ve ever seen pictures of Woodstock, you may think that’s not a bad thing). However, we believe that the monetary system plays a role in savings and employment. And the elephant that is trumpeting in the monetary room is: the falling interest rate. Interest has been falling since 1981. That’s when the first millennial was born.

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Climate Change Reconsidered II: Fossil Fuels

By Anthony Watts – Re-Blogged From WUWT

The fifth volume in the Climate Change Reconsidered series, Climate Change Reconsidered II: Fossil Fuels, produced by the Nongovernmental International Panel on Climate Change (NIPCC), is undergoing final peer review. It was publicly presented on December 4, 2018 in Katowice, Poland — the host city of the 24th session of the Conference of the Parties (COP 24) of the United Nations Framework Convention on Climate Change (UNFCCC).

From the press release:

“Each year the verdict becomes stronger and clearer that the scientific evidence debunks global warming alarmism. While the United Nations’ Conference of the Parties frantically searches for reasons to justify its continued existence, The Heartland Institute is proud to present the science that debunks U.N. alarmism.

“We will also be presenting examples of real-world evidence contradicting important U.N. climate claims. We will be delivering the truth that the only thing ‘settled’ about the global warming debate is that U.N. climate reports have little credibility. Skeptics present a far better scientific case.”

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Long Term Temperature Records Contradict GISS Temperature Record

By Mark Fife – Re-Blogged From WUWT

I have been convinced for a long time there is something wrong with the theory of global warming. My initial response was based upon two factors. The first being in my youth I was a voracious reader. I was fascinated with history, archeology, and science. My interests varied wildly through the years. At times I was interested in the ancient peoples of South America. At other times I was interested in the Viking explorations. Obviously, the greatest wealth of actual historical material comes from Europe. Cutting to the point here, it seems obvious to me we are fortunate to be living in times where the climate is exceptionally good relative to what our ancestors endured in the past as well as what we have seen in the more recent past. I am old enough to remember the 60’s and I surely do remember the 70’s.

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Crash Alert!

By Bill Holter – Re-Blogged From Silver Phoenix

People continually ask “when” will it happen? For the last 6 months we have responded “it is happening right before your very eyes”! In fact, as of this morning 52% of global markets are now down over 20% from their highs and qualifying as bear markets. Please understand the financial backdrop these weakening markets are falling into. Bluntly, the world is facing a giant margin call that cannot be met.

Liquidity had become extremely tight even as markets made their high water marks. It is this lack of liquidity which threatens to become a self-reinforcing flash crash to hell via margin calls. “Don’t worry” they say, central banks will come to the rescue. There is one fundamental problem with this line of thought, the value of the issued currencies themselves. There is zero mathematical way to service and pay off current debt with current currency values … currencies must be massively printed and thus devalued if they are to pay off the mountains of debt! Central banks created the problem, they will not be the solution. Rather, their demise will be part of the solution.

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USE OF A “CLIMATE MODEL MEAN” AND THE USE OF ANOMALIES CAN BE MISLEADING

By Bob Tisdale – Re-Blogged From WUWT

INTRODUCTION

For the purposes of examples only, I’m going to initially present comparison graphs of monthly global land-ocean surface temperature data and model outputs, all of which include (roughly) 3.5 to 4 deg C annual cycles. Why am I presenting model-data comparisons with overlapping annual cycles, you ask? There’s something very unusual about a couple of ensemble members from the CMIP5 archive (the simulations with Historic & RCP8.5 Forcings) when you compare them to the Berkeley Earth data. You’ve got to see this to believe it! I couldn’t make this up. And they provide wonderful lead-ins to a discussion of one of the climate science community’s favorite presentation devices, the multi-model mean, and they provide wonderful lead-ins to a discussion of anomalies.

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Sea Level Rise Preparation Plan Puts Pacifica Property Owners on Edge

By Brooks Jarosz – Re-Blogged From KTVU

The Fairway Park West neighborhood in Pacifica has been the place Jeff Guillet and his family have called home for nearly a decade, but he’s concerned his property and its value could soon be at risk with the passage of a new coastal plan.

The City of Pacifica is working on updating the Local Coastal Program plan or LCP, which includes preparing for sea level rise over the next 50 to 100 years. It involves making tough decisions to prepare for the worst case scenario. Guillet claims his entire neighborhood is located in a hazard zone, made up of any land west of Highway 1 in Pacifica.

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Gold-Stock Triple Breakout

By Adam Hamilton – Re-Blogged From Gold Eagle

The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return.  Their buying has pushed the leading gold-stock ETF near a major triple breakout technically.  That event should really boost capital inflows into this sector, accelerating the rally.  A major gold and gold-stock buying catalyst is likely imminent too, a more-dovish Fed next week.

The gold miners’ stocks have always been a small contrarian sector, a little-watched corner of the stock markets.  But they’ve been even more unpopular than usual in recent months.  That pessimistic sentiment is driven by price action, which has mostly proven poor in 2018.  That’s really evident in the performance of the flagship gold-stock investment vehicle, the GDX VanEck Vectors Gold Miners ETF which is struggling.

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An Assessment of the 4th National Climate Assessment

By Andy May – Re-Blogged From WUWT

The U.S. Fourth National Climate Assessment (NCA4) Volume II is out and generating a lot of discussion. Volume II, Impacts Risks and Adaptation in the United States to climate change can be downloaded here (Reidmiller, et al. 2018). Volume I, published last year, on the physical science behind the assessment is here (Wuebbles, et al. 2017).

The mainstream media (MSM) is breathlessly reporting about it using the following template or something similar:

“[Volume II] of the Fourth National Climate Assessment shows how [America/city/state/poor/people of color/old people/young people, etc.] are already feeling the effects of climate change from [wildfires/droughts/floods/disease/hurricanes/etc.].

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New Meme on Social Media is not Just Wrong, but Belittling

By Donna Laframboise, from her Facebook page – Re-Blogged From WUWT

This photo is making the rounds at the moment. People I love and admire have posted it. Good people. Kind people. So I’m going to try to explain why it’s counter productive.

As a journalist I have followed the climate debate closely for a decade. When I research a topic, I dig deep. I assure you, it has never been the position of skeptics that ‘climate change isn’t real.’ That is a fundamental misrepresentation.

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Federal Judge in Texas Rules Affordable Care Act is Unconstitutional

The Affordable Care Act was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of US residents.

The decision Friday finding the ACA unconstitutional comes just before the end of a six-week open enrollment period for the program in 2019 and underscores a divide between Republicans who have long sought to invalidate the law and Democrats who fought to keep it in place.

US District Judge Reed O’Connor in Fort Worth agreed with a coalition of Republican states led by Texas that he had to eviscerate the Affordable Care Act, the signature health-care overhaul by President Obama, after Congress last year zeroed out a key provision — the tax penalty for not complying with the requirement to buy insurance. The decision is almost certain to be appealed all the way to the Supreme Court.

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Warning Over Scotland’s Rush to Go Green

By Sandra Dick – Re-Blogged From Herald of Scotland

Scotland faces being plunged into darkness for days, possibly resulting in deaths and widespread civil disobedience, due to the country’s over-reliance on green energy, a new report has warned.

A massive gap in the electricity system caused by the closure of coal-fired power stations and growth of unpredictable renewable generation has created the real prospect of complete power failure.

According the Institution of Engineers in Scotland (IESIS), there is a rising threat of an unstable electricity supply which, left unaddressed, could result in “deaths, severe societal and industrial disruption, civil disturbance and loss of production”.

Failed Oregon Solar Equipment Plant Leaves Behind Millions in Taxpayer Losses

By Bonner R. Cohen From The Heartland Institute – Re-Blogged From WUWT

A multi-year effort by federal, state, and local agencies to prop up an Oregon solar-panel manufacturer has ended in a shuttered factory, millions of taxpayer dollars down the drain, and a heavily polluted manufacturing site.

solar-panel-manufacturing-rightsize

A multi-year effort by federal, state, and local agencies to prop up an Oregon solar-panel manufacturer has ended in a shuttered factory, millions of taxpayer dollars down the drain, and a heavily polluted manufacturing site.

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Earth Is Sucking Down Way More Water Than We Thought, And No One’s Sure Where It’s Going

Re-Blogged From Science Alert

Slow-motion collisions of tectonic plates under the ocean drag about three times more water down into the deep Earth than previously believed, according to a seismic study that spans the Mariana Trench.

The observations from the deepest ocean trench in the world have important implications for the global water cycle, researchers say.

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Analytic CRM for Retailers

By Sherry Edwards – Re-Blogged From https://www.bpmonline.com

The Retailers Data Challenge

Today’s retail environment includes increased competition among stores, a general economic downturn, rising interest rates, and higher gas and heating oil prices. All of these factors have reduced the disposable income available to many retailers’ core customers. In this economic environment, retailers must learn to generate more business from their existing customers. To do this they must first mine the data they have collected on customer purchases and loyalty programs. Still, retailers are drowning in customer data.

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Can We Cheat Aging?

By Diego Arguedaz Ortiz, Beth Sagar Fenton and Helena Merriman – Re-Blogged From BBC

All around the world, scientists are trying to beat the most debilitating condition known to humans: ageing. Here is how worms and 3D printers can help.

As she headed to her lab one sunny Texan morning, molecular biologist Meng Wang couldn’t yet guess what would be waiting for her when she arrived: tens of thousands of worms, wriggling around in different boxes. As she peered into each box, slowly it dawned on her. What she saw could cure the most debilitating condition known to humanity: ageing.

Diseases related to ageing – like cancer, rheumatism and Alzheimer’s – kill 100,000 people every day around the world. But a growing number of scientists say it doesn’t have to be this way.

Does Wall Street Now Have A Powell Put

By Michael Pento – Re-Blogged From Pento Portfolio Strategies

First let’s explain exactly what a “Fed Put” is. A Fed put is defined as: The confidence of Wall Street that the Fed will lower interest rates and print money to support the market until economic strength will be strong enough to carry stocks higher. The term “Put” is ascribed to this because a put option is basically a contract that offers a buyer protection from falling asset prices. It was first coined under the Chairmanship of Alan Greenspan when he lowered interest rates and printed money to rescue Wall Street from its 22% Black Monday crash back in 1987. The practice of bailing out stocks was institutionalized by Ben Bernanke; and then became a bonafide tradition perpetuated by Janet Yellen.

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Energy Poverty Kills More People Than Coal

By David Middleton – Re-Blogged From WUWT

This is sort of a sequel to Environmental Groups Claim Coal Killed 7,600 People in Europe in 2016… Can’t Name Any of the Victims.

The World Health Organization estimates that ambient (outdoor) air pollution kills (premature deaths) about 4.2 million people per year.  At least some of these nameless deaths could possibly be chalked up to coal.  Although the power sector only accounts for a fraction of the anthropogenic sources of ambient air pollution and coal is just the largest fraction of that fraction.

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US Just Became Net Oil Exporter for First Time in 75 Years

By Bloomberg – Re-Blogged From Newsmax

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as ‘energy independence.’

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.

While the country has been heading in that direction for years, this week’s dramatic shift came as data showed a sharp drop in imports and a jump in exports to a record high. Given the volatility in weekly data, the U.S. will likely remain a small net importer most of the time.

French Government Backs Down on “Climate Change” Fuel Taxes

By Eric Worrall – Re-Blogged From WUWT

h/t Dr. Willie Soon – President Macron’s government has retreated from imposing climate change fuel taxes, caved in to pressure from the yellow jacket movement. But the protestors are already suggesting that the government backdown might not be enough.

French PM announces suspension of fuel tax hikes after ‘Yellow Vest’ protests

French Prime Minister Édouard Philippe on Tuesday announced a suspension of the controversial fuel tax increases planned for January 1 in a move aimed at bringing an end to weeks of violent “Yellow Vest” protests against the tax.

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What You Need to Know About Vitamin D

By Health Day – Re-Blogged From Newsmax

You’d think vitamin deficiencies would be rare in the United States, but many people are running low on vitamin D, and it’s a serious health threat.

Being short on vitamin D not only affects bone density, it’s also been linked to conditions such as heart disease, mental decline, some types of cancer, autoimmune diseases, infectious diseases and type 2 diabetes.

The problem is twofold: Not knowing how much vitamin D you really need, and how to get it. While 600 to 800 International Units (IUs) is the recommended daily amount, it can take more than that to bring you up to a healthy level and maintain it once you have a deficit.

Why We’re Ungovernable, Part 17: In Latin America, Soaring Population + Soaring Debt = “Brutal Justice”

By John Rubino – Re-Blogged From Dollar Collapse

There are two ways of looking at the intersection of debt and population. One way says that if debt is rising population should also rise to allow future workers to pay for the retirement of today’s. More people thus make debt easier to manage.

The other point of view is that debt and population soaring simultaneously creates a negative feedback loop that eventually destroys a culture.

Today’s Latin America appears to validate the second thesis. Debt and population are both soaring, and big parts of the culture seem to be collapsing.

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Why China Should Remove All Trade Tariffs

By Alasdair Macleod – Re-Blogged From Silver Phoenix

I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in tariffs. MAKE AMERICA RICH AGAIN

@realDonaldTrump  tweet 10:04EST, 4 December 2018

It is widely understood by economists of most theoretical persuasions that trade tariffs are a bad idea, but President Trump has laid out his stall. The political class, prodded usually by the vested interests of crony capitalists, always fall for trade protectionism. President Trump’s tariff war is just the latest example that coincidently stretches back to the introduction of central banks. I shall address this coincidence later in this article.

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“Weekly Climate and Energy News Roundup #338

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Quote of the Week: “There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance – that principle is contempt prior to investigation.”— Herbert Spencer [H/t William Readdy]

Number of the Week: 42 Billion barrels

Old Science v. New “Evidence Free Science”: SEPP Chairman emeritus Fred Singer is “old school.” He does not make predictions until the facts are gathered, the evidence. Perhaps it was because he began his long professional career by using high altitude rockets to gather evidence about the atmosphere including measuring the energy spectrum of primary cosmic rays; the distribution of stratospheric ozone; the equatorial electrojet current flowing in the ionosphere and publishing the first studies on subatomic particles trapped in the Earth’s magnetic field: radiation belts, later discovered by James Van Allen.

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Drug Cuts Breast Cancer Return in Half

By Health Day – Re-Blogged From Newsmax Health

For certain women with early stage breast cancer, a newer drug that combines an antibody with chemotherapy may cut the risk of disease recurrence in half, a new trial finds.

The study focused on nearly 1,500 women with early stage breast cancer that was HER2-positive — meaning it carries a protein that promotes cancer growth.

About one in every five breast cancers is HER2-positive.

Drug Cuts Breast Cancer Return in Half

Trump Weighs in on France Chaos

By Jack Montgomery – Re-Blogged From BlabberBuzz

U.S. President Donald Trump has weighed in on the growing chaos in Emmanuel Macron’s France, calling it “very sad” and suggesting it is time the scrap the Paris climate agreement and “return money back to the people in the form of lower taxes”.

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Don’t Worry About The Gold Price…China’s Got Your Back

By Jeff Clark – Re-Blogged From Gold Eagle

I read a mainstream report about a decline in gold imports into Hong Kong, with the journalist concluding that gold demand in China is therefore down.

The interesting thing about the article is that the figures stated were accurate; Hong Kong imports into China are down. But here’s the thing: the message is wrong. It’s incomplete, misleading, and as I show below, misses the forest for the trees on what’s really happening with gold inside China. If an investor makes a decision because of that article, they may not be basing it on false raw information, but on an entirely faulty conclusion.

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CHINA’S MISSION TO THE FARSIDE OF THE MOON

By Dr Tony Phillips – Re-Blogged From Spaceweather

China is about to go where no one has gone before–the farside of the Moon. On the morning of Dec. 8th (Chinese time), a Long March 3B rocket is scheduled to blast off from the Xichang Satellite Launch Centre in Sichuan province, propelling a lander and rover toward the lunar farside. If the mission succeeds, it will catapult China into the forefront of lunar exploration with a landing that no other nation has even dared to attempt.


Above: An artist’s rendering of China’s Chang’e-4 lunar rover

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Another Day Older And Deeper In Debt

By Gary Christenson – Re-Blogged From Silver Phoenix

Official US national debt exceeds $21 trillion. National debt increases over $3 billion per day.

Another day older and $3 billion deeper in debt!

The U.S. government pays the interest by issuing new debt. But that new debt increases total debt and (eventually) drives up interest rates, which requires more borrowing to pay the annual interest payments. Another year older and deeper in debt! A reset will occur when the debt load becomes too heavy.

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Empty Words Are Failing. A Timeline For What Comes Next

By John Rubino – Re-Blogged From Dollar Collapse

A quick recap of the past couple of months:

Stocks plunge.

The politicians, bureaucrats and bankers who depend on artificially-elevated financial asset prices start to panic.

The Fed announces that maybe it won’t have to raise interest rates any more, and the president announces a truce in the trade war with China.

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Inflation

By Keith Weiner – Re-Blogged From Gold Eagle

What is inflation?

Any layman can tell you—and nearly everyone uses it this way in informal speech—that inflation is rising prices. Some will say “due to devaluation of the money.”

Economists will say, no it’s not rising prices per se. That is everywhere and always the effect. The cause, the inflation as such, is an increase in the quantity of money. Which is the same thing as saying devaluation. It is assumed that each unit of money commands a pro rata share of all the goods produced, so if there are more units then that means each unit is worth less. Value = 1 / N (where N is the number of units outstanding).

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A Trade War Truce Won’t Fix China

By Michael Pento – Re-Blogged From Pento Porfolios

The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at the G-20 meeting in Argentina. But the truth is, China’s problems are structural in nature–resulting from a centrally-planned economy that goads its citizenry into pre-fabricated urban areas in order to manufacture a pre-determined rate of growth. Nevertheless, what the Chinese government has actually accomplished is to produce a dystopia; one that was erected upon the largest percentage increase in debt the world has ever witnessed.

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Pyramids Of Crisis

By John Mauldin – Re-Blogged From Silver Phoenix

In an increasingly divided world, we all share one great desire: self-preservation. Not just humans, either. The survival instinct exists in almost every living thing. Humans simply have greater ability to do something about it.

In fact, we have been doing something about it for many thousands of years. An inverted pyramid of geniuses and giants, modern medicine, nutrition, sanitation, and assorted other innovations has extended our lifespans and helped more of us live to ripe old ages. That’s wonderful… but it’s also a problem many of us still don’t fully understand.

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Just A Tiny Minority Of Half A Million Jihadists?

By Daniel Greenfield – Re-Blogged From Freedom Outpost

Islamic terrorists are a “tiny minority of extremists”. That’s the message we’ve been hearing ever since 9/11. They’re only a handful of “guys in a cave” or a few “lone wolves” radicalized over the internet.

How tiny is that tiny minority?

According to a study by the Center for Strategic and International Studies, there are 230,000 Jihadists.

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Vehicle Electrification Common Sense

By Rud Istvan, – Re-Blogged From WUWT

This is the first of two loosely related technology posts that ctm suggested might be interesting to WUWT. In full disclosure, the details stem from my financial interests in energy storage materials and related topics, having spent much time and money since 2007 on fundamental now globally issued energy storage materials patents for supercapacitance (the Helmholtz double layer physics that creates lightning in thunderstorms). Some of the info cited below is slightly dated because I was too lazy to make everything current. Some of this info was borrowed from my ebook The Arts of Truth and from a 2017 Climate Etc post. All conclusions nevertheless remain valid.

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We Can Eliminate Fossil Fuels, No Problem!

By Andy May – Re-Blogged From WUWT

French President Macron has implemented a new fuel tax to discourage drivers from burning fossil fuels in their cars. The resulting higher fuel prices have caused more than 250,000 people to protest, with some rioting. Polls indicate that 62 percent of the population think that prioritizing man-made climate change over fuel prices is wrong. The rioting has led to two deaths and over 600 injured. Almost 100 police officers have been hurt.

Macron’s popularity has sunk to 21 percent in a warning to other leaders who try to fight climate change with higher fossil fuel taxes. While Macron is unpopular for many reasons, the increase in gasoline taxes was the spark that ignited the protests and rioting.

Figure 1. Riot police facing the “yellow jacket” demonstrators in front of a burning barricade in Paris on November 24, 2018. Source: News.com.au.

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Environmental Groups Claim Coal Killed 7,600 People in Europe in 2016… Can’t Name Any of the Victims

By David Middleton – Re-Blogged From WUWT

[Sue the Bastards! -Bob]

Groups target Europe’s coal companies over harmful emissions

FILE – In this Feb. 27, 2018 file photo a coal-fired power station steams in the cold winter air in Gelsenkirchen, Germany. Environmental groups say 10 utility companies are responsible for the majority of premature deaths caused by emissions from coal-fired power plants in Europe. In a report published Tuesday, Nov. 20, 2018 five campaign groups, including Greenpeace, blame the companies for 7,600 premature deaths and millions of work days lost across Europe in 2016. (AP Photo/Martin Meissner, file) (Martin Meissner)

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Solar Cycle Update for November 2018

By David Archibald – Re-Blogged From WUWT

In reading the solar data, what we are after in the near term is the likely month of minimum for the Solar Cycle 24/25 minimum and likely amplitude of Solar Cycle 25. Of course that quest for truth gets easier as we approach the minimum, at least apparently. Solar Cycle 24 looks like being unusual in being short while being weak and Solar Cycle 25 looks like being a repeat of Solar Cycle 24 in terms of amplitude.

The concept of the Super Grand Solar Deepest Minimum is fashionable again for the moment. There is no sign of that in the data. That said, activity in Solar Cycle 24 was back-loaded and if the solar activity to atmospheric temperature connection is real, the planet’s temperature will be running warmer for a few more years as a consequence of that.

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G20 and the Financial War

By Alasdair Macleod – Re-Blogged From Goldmoney

This weekend, the G20 nations meet at Buenos Aires. The most important issue will be America’s use of trade policy, ostensibly to bring an end to China’s unfair trade practices. Rather, it could mark a significant milestone in the cold war against China and drive the global economy into a slump.

Introduction

President Trump initiated the trade war with China. There is a widespread assumption he is pursuing his “art of the deal”, coming into negotiations aggressively to get a satisfactory compromise. Therefore, the script goes, China will be forced to climb down on its restrictive practices, technology and patent theft, and modify its Made in China 2025 (MiC2025) initiative to open it to American corporations. Trade negotiators from both sides have been working in the background to achieve some sort of progress before Presidents Trump and Xi meet at the G20 this weekend, which buoys up hopes of a positive outcome.

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The Approaching Storm

By Gary Christenson -Re-Blogged From Gold Eagle

Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion.

His sequence:

  1. Bear Market
  2. Recession
  3. Deficits explode
  4. Return of ZIRP and QE
  5. Dollar tanks
  6. Gold [and silver] soars
  7. CPI spikes
  8. Long-term rates rise
  9. Federal Reserve is forced to hike rates during a recession
  10. A financial crisis without stimulus or bailouts.

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U.S. Climate Science Special Report

By Bob Tisdale – Re-Blogged From WUWT

Chapter 6 – Temperature Changes in the United States of the U.S. Global Change Research Program’s recently published Climate Science Special Report (2017) clearly shows and discusses, under the heading of “6.1.2 Temperature Extremes”, how temperature extremes for the contiguous United States have become more moderate over the last 118 years, with the coldest daily temperatures warming and the warmest daily temperatures cooling. In other words, temperature-extreme-related climate in the United States has improved.

TEMPERATURE EXTREMES

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Government Dietary Guidelines are Plain Wrong: Avoid Carbs, Not Fat

By Sarah Hallberg – Re-Blogged From The Hill

America is facing a chronic disease crisis. The federal government is fueling that crisis by promoting flawed nutritional advice that contradicts the latest research.

Every five years, the Departments of Agriculture and Health and Human Services publish the “Dietary Guidelines for Americans,” which detail which foods Americans should eat or avoid. The highly influential document directs food labeling, school menus, public food programs, and government research grants.

Researchers claim the guidelines are based on “the preponderance of current scientific and medical knowledge.” Yet, since they were first introduced back in 1980, they’ve barely changed, even though a recent revolution in nutritional science has cast doubt on old assumptions.

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Worldwide Debt Default Is A Real Possibility

By John Mauldin – Re-Blogged From Gold Eagle

Is debt good or bad? The answer is “Yes.”

Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet.

Whether it’s wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to finance your vacation? Probably not.

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Military Report: EMP AttackPoses Direct Threat to U.S.

By Solange Reyner – Re-Blogged From Newsmax

A new report from the United States Air Force Air University warns of an electromagnetic pulse type attack that poses a direct threat to the “United States, democracy, and the world order,” and says the U.S. is unprepared for one should it happen.

The report, titled “Electromagnetic Defense Task Force,” says an attack could shut down the U.S. electric grid for a year-and-a-half, melt down nuclear plants, cripple the U.S. military, displace 4.1 million people and kill 90 percent of the East Coast within a year.

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Report Reluctantly Admits that ‘Green’ Energy is a Disastrous Flop

By From The Financial Post – Re-Blogged From WUWT

This report should be profoundly embarrassing to the government of Justin Trudeau

Amid hundreds of graphs, charts and tables in the latest World Energy Outlook (WEO) released last week by the International Energy Agency, there is one fundamental piece of information that you have to work out for yourself: the percentage of total global primary energy demand provided by wind and solar. The answer is 1.1 per cent. The policy mountains have laboured and brought forth not just a mouse, but — as the report reluctantly acknowledges — an enormously disruptive mouse.

wind-turbine

The report confirms what should have been obvious from the start: the more “variable” wind and solar are introduced into any electricity system, the more they make it both more expensive and less reliable.David McNew/AFP/Getty Images

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Housing Bubble Is Popping Right Now

By Adam Taggart – Re-Blogged From Silver Phoenix

As we’ve been tracking here at PeakProsperity.com, the housing market is starting to look quite ill.

After the central bank-driven Grand Reflation following the Great Financial Crisis, home prices are now beginning to nose over from their new bubble-highs.

Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those looking to pick up values at much lower prices in the future be taking?

This week we talk with citizen journalist Ben Jones, property manager and publisher of TheHousingBubbleBlog — where he tracks the latest headlines and developments in the housing market.

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