Climate Politics Abroad Are Turning Decidedly Skeptical

By H. Sterling Burnett – ReBlogged From WUWT

From Alberta to Australia, from Finland to France and beyond, voters are increasingly showing their displeasure with expensive energy policies imposed by politicians in an inane effort to fight purported human-caused climate change.

Skepticism about whether humans are causing dangerous climate change has always been higher in the United States than in most industrialized countries. As a result, governments in Europe, Canada, and in other developed countries are much farther along the energy-rationing path that cutting carbon dioxide emissions requires than the United States is. Residents in these countries have begun to revolt against the higher energy costs they suffer under as a result of ever-increasing taxes on fossil fuels and government mandates to use expensive renewable energy.

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Verified by NOAA – Poor Weather Station Siting Leads to Artificial Long Term Warming

By Anthony Watts – Re-Blogged From WUWT

I’ve been saying for years that surface temperature measurements (and long term trends) have been affected by encroachment of urbanization on the placement of weather stations used to measure surface air temperature, and track long term climate. In doing so we found some hilariously bad examples of climate science in action, such as the official USHCN climate monitoring station at the University of Arizona, Tucson:

USHCN weather station in a parking lot. University of Arizona, Tucson

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Fears About Ice Sheets Melting

By William Ward – Re-Blogged From WUWT

The world is drowning in articles about catastrophic sea level rise (SLR), reminding us that if the ice sheets melt, 260 feet of water will flood our coastal cities. We know that sea level today is 20-30 feet lower than it was at the end of the last interglacial period 120,000 years ago. We also know that sea level has risen 430 feet since the end of the last glacial maximum 22,000 years ago. Research shows this rise was not monotonic but oscillatory, and during periods over the past 10,000 years, sea level has been several meters higher than today. So, evidence supports the possibility of higher sea levels, but does the evidence support the possibility of catastrophic sea level rise from rapidly melting ice?

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Total Debt And Leveraged Loans To The Rescue

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The Fed has just published the newest edition of its Financial Stability Report. It covers what the most powerful central bank in the world perceives as risks to the financial system stability. Is it time for the gold bulls to uncork champagne?

Financial Sectors Appears Resilient, But…

The Fed’s assessment of the financial vulnerabilities in the latest Financial Stability Report has little changed since November 2018 when the report was inaugurated. The financial sector appears resilient, with low leverage and limited funding risk. It seems that gold will have to wait longer for a crisis that could push its prices out of the comfort zone.

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How Fed Cycles Exponentially Reduce Long-Term Wealth Creation

The most historically reliable way to create long term wealth is the reinvestment of cash flows over time, as earnings are earned on earnings, which are earned on earnings.

Compound interest is the best known example, but the same principle of compounding cash flows is also the most powerful and stable source of wealth with the stocks and real estate over the long term as well.

Reinvested (and increasing) dividends are a more important and stable source of stock market wealth than price gains.  Reinvested (and increasing) net cash flows are the most stable and important source of wealth with real estate and REIT investments as well.

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Legislation Requires Full Audit Of America’s Gold Reserves

By Stefan Gleason – Re-Blogged From Gold Eagle

Washington- U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration.

The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United States to conduct a “full assay, inventory, and audit of all gold reserves, including any gold in ‘deep storage,’ of the United States at the place or places where such reserves are kept.”

HR 2559 requires more than just a physical assay, inventory, and audit, however. Even if all United States gold can be physically accounted for, it may nevertheless be encumbered with third-party obligations – or otherwise be impaired by bank financialization.

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NOAA Study Proves Global Warming Hoax

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Real(ish)Things That Don’t Matter, Part Trois

By David Middleton – Re-Blogged From WUWT

In Part One of this series, we looked at Peak Oil and its irrelevance to energy production and also discussed the relevance of Seinfeld. In Part Deux, we looked at “abiotic oil,” a real(ish) thing that really doesn’t matter outside of academic discussions and SyFy blogs.

Part Trois will explore perhaps the most meaningless notion to ever come out of academia: Energy Returned On Energy Invested (EROEI or EROI depending on spelling skill). EROEI is like what Seinfeld would have been if it was written by Douglas Adams.

EROEI

EROEI is the preferred energy metric for Malthusians, environmental activists, Warmunists and proponents of uneconomic energy sources. Invention of this concept is generally credited to an ecology professor…

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Floating Cities Project

By John Roach – Re-Blogged From AccuWeather

The United Nations Human Settlement Program (UN Habitat) recently announced its support for the idea of a self-sustaining floating city. Oceanix, the company behind the project known as Oceanix City, is convinced the ocean-based city would be a viable solution to the housing shortage problem and the concern over rising sea levels.

The proposed city would be home to roughly 10,000 people divided into groups of six villages that each would have six platforms holding about 300 people. The platforms would be anchored by Biorock, a material created by exposing underwater minerals to electrical currents.

The floating city also would be designed to withstand severe weather conditions, including floods, tsunamis and Category 5 hurricanes, according to the company.

Oceanix

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Is Turkey The Snowflake That Unleashes The European Banking System Avalanche?

By Mark O’Byrne – Re-Blogged From Gold Eagle

Abiotic Oil: Real(ish)Things That Don’t Matter, Part Deux

By David Middleton – Re-Blogged From WUWT

In part one of this series, we looked at Peak Oil and its irrelevance to energy production. In Part Deux, we will look at “abiotic oil,” a real(ish) thing that really doesn’t matter outside of academic discussions and SyFy blogs.

A note on terminology

Some refer to this as “abiogenic oil.” This is not a useful term because all oil is abiogenic. The generally accepted theory of petroleum formation doesn’t state that it is a biogenic process. I discussed this in detail in a 2017 post. I don’t intend to restate it here.

In this post, “abiotic oil” refers to petroleum formed by processes that do not rely on biological source material. The carbon in “abiotic oil” must be inorganic.

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Gold Rush Mascot Banned As Offensive

By Stefan Gleason – Re-Blogged From Gold Eagle

The roller coaster presidency of Donald Trump is currently riding high as the stock market races back up to new highs, economic data come in better than expected, and Congressional Democrats’ endless investigations come up empty handed.

Trump’s approval rating recently hit 50% at the same time as CNN’s ratings are tanking.

Over the weekend, President Trump sent CNN and the rest of the “MSM” (mainstream media) into a tizzy by speaking out against the latest Big Tech purge of “far right” voices.

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Earth Day 2019

Having celebrated Earth Day and warned of various dimensions of environmental collapse since 1970, are there any circumstances even barely conceivable under which the environmental left would say that no more Earth Days are needed?

By Benjamin Zycher- Re-Blogged From WUWT

Earth Day—Lenin’s birthday—stands for the proposition that environmental crises both immediate and looming are eternal, with mankind always the central cause, and that the unbroken record of failure of Earth Day doom and gloompredictions for almost five decades actually should be a source of pride.

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First Day of US-China Trade Talks Ends; Trump’s Tariff Hike Set to Take Effect

By Reuters – Re-Blogged From IJR

Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China.

Tension between Washington and Beijing has risen after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet U.S. demands for trade reform.

President Donald Trump responded by ordering a tariff hike, and China has said it would retaliate. The 10-month-old trade war has already cost companies in both countries billions of dollars.

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Using CTAs in your Press Release

By MIchael Santiago- From Newswire

When writing a press release, it must be clear to you what you want to achieve at the end of the campaign. If you’re just after earning media coverage and forgetting your target customer, your campaign is most likely to fail.

Click here,” “sign up,” or “subscribe” are just a few examples of a call-to-action (CTA). A release without a concrete CTA falls flat. You will not be able to tell your readers what you want them to do.

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Nonmonetary Cause Of Lower Prices

By Keith Weiner – Re-Blogged From Gold Eagle

Over the past several weeks, we have debunked the idea that purchasing power—i.e. what a dollar can buy—is intrinsic to the currency itself. We have discussed a large non-monetary force that drives up prices. Governments at every level force producers to add useless ingredients, via regulation, taxation, labor law, environmentalism, etc. These are ingredients that the consumer does not value, and often does not even know are included in the production process. However, these useless ingredients can get quite expensive, especially in industries that are heavily regulated such as health care.

What Force Pushes Prices Down?

There is another non-monetary force, and this one is pushing prices down. Producers are constantly finding useless ingredients that they can remove. In the research for his Forbes article on falling wages, Keith discovered that dairy producers found ways to eliminate 90% of the ingredients that go into producing milk between 1965 and 2012. For example, they reduced by two thirds the labor hours that support each cow.

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A River of Denial Floods Markets Everywhere

In The Wake Of Education Decline, Parents Look For Options

By Rising Media – Re-Blogged From Mommy Underground

To this end, many families are choosing alternate forms of education.  And many parents are now choosing a schooling option as dissimilar to public education as possible.

Far from a new concept, one method of homeschooling is gaining new ground as parents and experts begin to understand just how far off course American education has come in recent decades.

The failures of the American public education system are becoming more apparent by the day.

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Now Even Republicans Want A Dovish Fed

By John Rubino – Re-Blogged From Dollar Colapse

Not so long ago, the major US political parties had very different views on monetary policy. Democrats, representing labor, wanted high government spending, low interest rates and generally easy money to create as many jobs as possible. Republicans, representing capital, wanted relatively small government, low debt and tight money to give entrepreneurs a predictable future in which to build new factories.

But that was then. Today, across pretty much the entire sitting Establishment, easy money has become the goal of monetary policy, and the Fed is being reshaped to institutionalize this bias. Consider this amazing headline and the article that explains it:

A Trump dilemma: Finding a dovish GOP ally to serve on Fed

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Trump Says 10 Percent China Tariffs Will Rise to 25 Percent

By Bloomberg – Re-Blogged From Newsmax

Tariffs on $200 billion of Chinese imports will increase to 25 percent from 10 percent on Friday, and another $325 billion in goods will “shortly” be subject to tariffs, President Donald Trump said Sunday, in a warning to China as what could be a closing round of takes for a trade deal are set to start in Washington this week.

Trump suggested in announcing the move on Twitter that he was acting because he’s not satisfied with the pace of progress in negotiations with China.

“The Trade Deal with China continues, but too slowly, as they attempt to renegotiate,” Trump said in his tweet. “No!”

Space: The Final Frontier for War?

 By Omar Lamrani – Re-Blogged From Stratfor
Highlights
  • The U.S. military will continue to debate the relative merits of creating a Space Force that is separate from the other branches of the U.S. armed forces.
  • In the absence of international standards regulating conduct in space, the risks will grow that the United States, China and Russia will accelerate their own efforts to militarize the theater.
  • Treaties stipulating a blanket ban on weapons in space are unlikely to succeed in the foreseeable future because of their significant limitations and concerns over the ability to verify compliance.

Peak Oil, Abiotic Oil & EROEI: Real(ish) Things That Don’t Matter, Part One: Peak Oil

By David Middleton – Re-Blogged From WUWT

The plots of the Seinfeld TV show often revolved around trivializing important things and blowing trivial things out of proportion. While not a Seinfeld fanatic (I’m more of a Frasier fanatic), I thought the comedy routines were generally brilliant and quite effective.

Peak Oil, abiotic oil and EROEI (energy returned on energy invested) are largely academic concepts. They are the subject of books, academic publications and Internet “debates” The “debates” about Peak Oil, abiotic oil and EROEI are a lot like the Seinfeld show. They magnify the trivial and trivialize things that actually matter. The “debates” often divide into two camps:

  1. It’s the end of the world (Peak Oil, EROEI).
  2. It’s our salvation from the end of the world (Abiotic oil).

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Persecution of Christians in Middle East Detailed in Report

By Jeffrey Rodack – Re-Blogged From Newsmax

A new report details the pervasive persecution of Christians in parts of the Middle East, The Guardian is reporting.

And the report, commission by British foreign secretary Jeremy Hunt, said the persecution sometimes amounts to genocide.

It noted millions of Christians have been uprooted from their homes in the region.  Many of them have been killed imprisoned, kidnapped and discriminated against.

“The overwhelming majority (80%) of persecuted religious believers are Christians,” the report said.

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Trump Admin Weighs Options in Venezuela, Including Military

By Franco Ordoñez and Tara Copp, McClatchy – Re-Blogged From Liberty Headlines

‘All options are comprehensive but there is a lot of water nearby…’

Venezuela Offers Free Return Flights to Citizens Who Fled Socialism

Venezuelan President Nicolas Maduro (CC)

In the aftermath of a faltering opposition uprising in Venezuela, the Trump administration is looking at imposing new individual sanctions against the Maduro government and also scrambling for ideas that can have a greater impact on the ground, including military options.

The White House is calling for relevant departments to produce more options for the president to consider on Venezuela. The National Security Council is pushing the Defense Department for military ideas, and Secretary of State Mike Pompeo is seeking ways to entice Russia to pull away from Venezuelan leader Nicolas Maduro.

 

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Dangerous Stock Markets

By Adam Hamilton – Re-Blogged From Gold Eagle

These record US stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency.  Largely thanks to the Fed, traders are convinced stocks can rally indefinitely.  But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels.  These are classic topping signs, with profits growth stalling and the Fed out of easy dovish ammunition.

Stock markets are forever cyclical, meandering in an endless series of bulls and bears.  The latter phase of these cycles is inevitable, like winter following summer.  Traders grow too excited in bull markets, and bid up stock prices far higher than their fundamentals support.  Subsequent bear markets are necessary to eradicate unsustainable valuation excesses, forcing stock prices sideways to lower until profits catch up.

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Weekly Climate and Energy News Roundup #357

The Week That Was: April 20, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “I do not feel obliged to believe that the same God who has endowed us with sense, reason and intellect has intend us to forgo their use.” – Galileo

Number of the Week: 4,300 premature deaths annually in the United States from maize (corn)

Clash of Ideas: The Great Barrier Reef is a cultural icon for Australia. The world’s largest coral reef system stretches over 2300 km (1400 mi) and is home to a great diversity of sea life. Academics and scientific organizations have claimed that the reef is dying from global warming / climate change and ocean acidification (lowering of pH).

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30 Fundraising Terms Entrepreneurs Need To Know

By Alejandro Cremades – Re-Blogged From

Ready to begin fundraising for your startup?

Make sure you know these terms first. Don’t blow all your hard work and potential by completely flopping on basic startup fundraising terminology. Know these words and lingo so you can pitch and walk into investor meetings sounding like a pro who has done their homework.
ARE YOU FUNDRAISING?
LEARN MORE ABOUT INNER CIRCLE

In simple terms, here are thirty of the fundraising terms you need to know before you step out there seeking financing for your business.
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Earth Day: Not a Single Environmental Prediction of the Last 50 Years Has Come True

– Re-Blogged From Bangor Daily News

This Earth Day, it almost feels like we should be carving some turkey. Why? Because we have a lot to be thankful for since the first Earth Day event occurred 49 years ago.

We should be thankful that the gloom-and-doom predictions made throughout the past several decades haven’t come true. Fear-mongering about explosive population growth, food crises and the imminent depletion of natural resources have been a staple of Earth Day events since 1970. And the common thread among them is that they’ve stirred up a lot more emotions than facts.

George Danby | BDN

Cooling Down the Hysteria About Global Warming

By Rich Enthoven – Re-Blogged From WUWT

Recently, NASA released its annual report on global temperatures and reported that 2018 was the fourth hottest year on record, surpassed only by three recent years. This claim was accompanied by dire predictions of climate change and for immediate action to dramatically curtail CO2 emissions around the globe. Like every concerned citizen read this report with interest. I also read it as an informed and trained climate analyst – and I can tell that there are some serious problems with the report and its conclusions.

For starters, I can assure my readers that I am not a climate change “denier.” No one doubts the climate changed when it experienced the Ice Age that ended 12,000 years ago. I have read enough scientific literature to believe the well documented view that the planet experienced the Medieval Warm Period (950 – 1250 AD) and Little Ice Age (1550 – 1850 AD) when global temperatures changed materially. I have also read enough scientific literature to understand that solar and ocean cycles affect global climate.

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Bubble, Bubble, Double Trouble

By David Stockman – Re-Blogged From Gold Eagle

The Donald was at it again in Wisconsin this weekend, reiterating his patented boast that the US economy is booming like never before.

We’re now the No. 1 economy anywhere in the world and it’s not even close,” he said on Saturday night at a rally in Green Bay, Wisconsin.

“At the end of six years, you’re going to be left with the strongest country you’ve ever had,” he said.

We beg to differ, profoundly. The debt- and bubble-freighted US economy is actually running out of gas after a long, artificial cycle of tepid expansion; and so far the Donald’s Trade Wars and fiscal borrowing binge have only piled more debilitating baggage on America’s deeply impaired economy.

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Show Me The Real Money

By GE Christenson – Re-Blogged From Gold Eagle

I’ll show you real money. It looks like this:

Those circulating dollar bills, euros, pounds, and yen are DEBTS (notes) issued by central banks to extract wealth from citizens and the economy, dilute the purchasing power of the currency, and nourish the banking cartel.

From Graham Summers:

“The problem of course is once it has done this [created the ‘everything bubble’], the Fed will NEVER be able to normalize interest rates because the entire financial system is now addicted to extraordinarily low rates.”

“… a Fed President stated point blank that the Fed is aware that the entire US financial system is one gigantic leveraged bet on low interest rates…and as a result of this, the Fed is DONE with normalization.”

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Venezuela’s Guaido Says Troops Join Him to Oust Maduro

Venezuelan opposition leader Juan Guaido said on Tuesday he had begun the “final phase” of his plan to oust President Nicolas Maduro, calling on Venezuelans and the military to back him to end Maduro’s “usurpation.”

A Reuters journalist later saw security forces firing tear gas at Guaido and around 70 mostly young armed men in military uniform outside the La Carlota air force base in Caracas. Hundreds of civilians also joined the group.

But around two hours after Guaido tweeted his announcement, there was no sign of any other military activity, and the government dismissed any suggestion of an insurrection.

Ivan Alvarado/Reuters

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Climate Change and the Ten Warning Signs for Cults

By Will, @Oil_Guns_Merica – Re-Blogged From Medium

Have you thought to yourself that the Climate Change movement seems more and more like a religious movement?

I have, so I researched how to identify a religious cult. Rick Ross, an expert on cults and intervention specialist, developed a list of ten warning signs for unsafe groups, which is published by the Cult Education Institute. So let’s take a look at all ten signs and compare:

1. Absolute authoritarianism without meaningful accountability.

The leading advocates of the Climate Change movement are politicians, entertainers, and even children. Climate preachers such as Al Gore and Leonardo DiCaprio lack any formal scientific training whatsoever, and live personal lives of unparalleled luxury while prescribing carbon austerity for the masses. Yet no one is permitted to point out their scientific ignorance or call attention to their hypocritical lifestyles.

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Earthquakes of the 20th Century

From NOAA – Re-Blogged From WUWT

PacificTWC

Published on Dec 9, 2018

This animation shows every recorded earthquake in sequence as they occurred from January 1, 1901, through December 31, 2000, at a rate of 1 year per second. The earthquake hypocenters first appear as flashes then remain as colored circles before shrinking with time so as not to obscure subsequent earthquakes. The size of the circle represents the earthquake magnitude while the color represents its depth within the earth. At the end of the animation it will first show all quakes in this 100-year period. Next, it will show only those earthquakes greater than magnitude 6.5, the smallest earthquake size known to make a tsunami. It will then show only those earthquakes with magnitudes of 8.0 or larger, the “great” earthquakes most likely to pose a tsunami threat when they occur under the ocean or near a coastline and when they are shallow within the earth (less than 100 km or 60 mi. deep). The animation concludes by showing the plate boundary faults responsible for the majority of all of these earthquakes.

Italy Is Latest Country Seeking To Bring Their People’s Gold Home

By Mark O’Byrne – Re-Blogged From Gold Eagle

Gold Is A “Reserve Of Safety” – Mario Draghi

By Virginia Filder for Gold Telegraph

European Central Bank’s President Mario Draghi recently announced that the ECB would be required to approve any management of gold reserves within the euro zone countries.

The statement was specifically directed at two Italian members. Why was Italy singled out?

World’s Deepest Oil Well?

By David Middleton – Re-Blogged From WUWT

This eye-catching blog post was published in 2017 by “Fuel Fighter“…

It was picked up by Internet “news” sites like Business Insider

The world’s deepest oil well is over 40,000 feet deep
Jeff Desjardins, Visual Capitalist Mar. 21, 2017, 7:33 PM

In the world’s deepest gold mine, workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore.

While these depths are impressive, mining is limited by the frailty of the human body. Going much deeper would be incredibly dangerous, as limitations such as heat, humidity, logistics, and potential seismic activity all become more intense.

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Green New Deal-Lite

By James Taylor – Re-Blogged From WUWT

When Rep. Alexandria Ocasio-Cortez (D-N.Y.) formally introduced a congressional resolution for a “Green New Deal,” Republicans were handed a powerful, unexpected political gift. Leave it to weak-minded congressional Republicans to find a way to screw it up.

The Green New Deal would re-make the United States via a “new national, social, industrial, and economic mobilization on a scale not seen since World War II and the New Deal.” Those aren’t just empty words. The free-market American Action Forum conducted an economic analysis of the Green New Deal and found it would cost as much as $94 trillion, or approximately $780,000 per U.S. household. The green-energy components alone would cost as much as $12.3 trillion.

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NASA’s Plan to Defend the Earth From Asteroids

Re-Blogged From WUWT

The trick is spotting the near-Earth objects first, according to NASA researchers presenting at the 2019 American Physical Society April meeting in Denver

WASHINGTON, D.C., April 16, 2019 — A mere 17-20 meters across, the Chelyabinsk meteor caused extensive ground damage and numerous injuries when it exploded on impact with Earth’s atmosphere in February 2013.

Chelyabinsk Meteor

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Observations on the Sexual Abuse in STEM Departments Report

By Pat Frank – Re-Blogged From WUWT

A few days ago, Charles TM posted an essay about the recent National Academy Report, “Sexual Harassment of Women: Climate, Culture, and Consequences in Academic Sciences, Engineering, and Medicine,” [1] which can be found at WUWT here.

Apparently, the NAS Report is so outspoken about widespread abuse of women in academic science, technology, engineering, and mathematics (STEM) departments that Senators Kamala Harris, Jacky Rosen, and Richard Blumenthal plan to introduce legislation to effect a rescue.

The NAS Report purports the case that not only is the sexual abuse of women wide-spread, but also that the patriarchic hierarchical structure in STEM departments cultivates an intersectionally abusive environment where sexual harassment of women becomes likely.

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Beneath the Global Warming Narrative

Larry Kummer, Editor at Fabius Maximus– Re-Blogged From WUWT

Summary: William Lind takes a sharp and accurate look at the politics of climate change. In modern America, always look beneath the glossy surface of narratives in the news.

Crisis on fire.

A March 15 article by Larry Kummer at the Fabius Maximus website discusses how global warming advocates have misused a worst-case scenario to generate panic. Titled “About the corruption of climate science”, Kummer’s article details how politicians are misrepresenting climate projections, especially one called RCP 8.5. That their goal is to create fear should not surprise us: from the government’s perspective, fear is a growth industry.

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World’s Monetary Reserves And The End Of An Era

By Hugo Salinas Price – Re-Blogged From Gold Eagle

We had been observing the evolution of the total of Central Bank Monetary Reserves for several years, and noted a peak on August 2, 2014, when these Reserves reached a maximum of the equivalent of $12.032 Trillion dollars, according to Bloomberg.

As of April, 2019, a review of Central Bank Monetary Reserves, according to Bloomberg, yields some interesting information.

In August 2014, the dollar amount of CB Monetary Reserves was, as we just said, $12.032 Trillion dollars, and as of April 19, 2019, CB Monetary Reserves had fallen by $479 Billion dollars, to $11.553 Trillion dollars.

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The Scheme To Eliminate Cash and Impose Negative Interest

By Clint Siegner – Re-Blogged From Gold Eagle

Central bankers and politicians love inflation, but they need “bag holders” to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast.

Central bankers may also need to limit the options inflation wary citizens have for escaping.

They are both shifty and innovative when it comes to making sure the ill effects of perpetually devaluing currency are primarily borne by the citizenry.

Lying and trying to hide what they are doing to the currency has been tradition with politicians since Roman times. Nero began quietly reducing the silver content of the Denarius around 60 A.D.

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April Snowstorms: The Rule, Not the Exception

By Chris Martz – Re-Blogged From WUWT

Last week, the Great Plains and upper Midwest were pummeled with a late-season blizzard. A wide swath of 10 to 20+ inches of snow buried parts of Nebraska, South Dakota, North Dakota, Minnesota, and Wisconsin, with the highest totals in the 20 to 30 inch range centered in far western Minnesota, and much of South Dakota (Figure 1).¹ The storm was not technically a “bomb cyclone” because the air pressure didn’t drop 24 millibars within 24 hours, although it did get close.

Figure 1.Observed snowfall from Winter Storm Wesley – NWS Twin Cities.

The highest official snowfall report was 30.8 inches in Wallace, South Dakota, although higher amounts in scattered areas were more than likely.² On top of that, an ice storm occurred in numerous Midwestern states, a dust storm moved through the southern Plains, and 80 mph wind gusts were observed in Texas and New Mexico, while thundersnow was reported in other locations.²

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Biologist Creating Super Plants To Combat Climate Change

By Eric Worrall – Re-Blogged From WUWT

This is the only climate technology which really frightens me.

This scientist thinks she has the key to curb climate change: super plants

Adam Popescu in La Jolla, California
Tue 16 Apr 2019 20.00 AEST

Dr Joanne Chory hopes that genetic modifications to enhance plants’ natural carbon-fixing traits could play a key role – but knows that time is short, for her and the planet Continue reading

When Overvalued And Dangerous Markets Meet Stagflation

By Michael Pento – Re-Blogged From PentoPort

To put into perspective how overvalued and dangerous the US market has become; I often cite the figure of total market cap to GDP—currently 145% of the economy. How high is 145% of GDP? It is a full 30% higher than it was before the start of the Great Recession.

The twin sister to this metric is the Household Net Worth to GDP Ratio. Household net worth as a percent of GDP is calculated by dividing the current bubbles in home prices and equities by the underlying economy, which has been artificially inflated by interest rates that have been pushed into the sub-basement of history. This metric is now an incredible 535% of GDP, which is a record high and 19% higher than the NASDAQ bubble of 2000. To put that figure in perspective, the good folks at Daily Reckoning have calculated that the historical average is 384%.

These valuation measurements are much more accurate than Wall Street’s favorite PE ratio valuation barometer because they cannot be easily manipulated by corporate share buybacks that have been facilitated by record-low borrowing costs. And, as hinted at already, the GDP denominator of today is much more tenuous because it has become more than ever predicated on the record amount of fiscal and monetary stimulus from the government.

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