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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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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California Governor Brown Imposing Massive Regulations for Meaningless Climate Goals

By Larry Hamlin – Re-Blogged From http://www.WattsUpWithThat.com

California Governor Brown’s SB 32 law requiring the state to reduce greenhouse gas emissions to levels 40% below levels measured in 1990 is necessitating the development of massive numbers of new regulations and policy that will allow the state government to control and dictate virtually every aspect of Californian’s lives including:

  • where and how they can live,
  • what kind of jobs and businesses they can work in,
  • what kind of housing they can have,
  • what kind of car they can drive (if any),
  • how many miles can they drive,
  • what kind of public transportation they must use,
  • how many times they must walk and bicycle,
  • how much and what kind of energy they can use,
  • what kind and how food can be farmed,

etc, etc.

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Gold Juniors’ Q1’17 Fundamentals

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

The junior gold miners’ stocks suffered a serious thrashing between mid-April and early May.  Relentless heavy selling blasted many back down near deep mid-December lows, leaving sentiment in tatters.  But traders distracted by weak technicals need to keep their eyes on the fundamental ball.  The gold juniors just finished their Q1 earnings season, which was solid.  Their low stock prices are disconnected from reality.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports.  These are generally due by 45 days after quarter-ends in the US and Canada.  They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment.  There’s no junior-gold-miner data that is more highly anticipated.

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China’s Demographic Woes Worsen as Women Opt for Work Over Kids

Re-Blogged From Newsmax

Even after the government cleared the way for couples to have a second child, working women are reluctant to expand their family–or have any children at all.

That’s according to a new survey by Zhaopin.com, one of the nation’s biggest online recruitment websites, which found  about 40 percent of working women without children don’t want to have any and roughly two thirds of those with a child don’t want a second.

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