Vote-Weary Spain Holds Election

By Reuters – Re-Blogged From IJR

Spain held its second parliamentary election in just over six months on Sunday, with voters likely to deliver an even more fragmented parliament with no clear winner and a sizeable showing by the far-right.

Opinion polls show the Socialists in the lead but likely to win slightly fewer seats than in April’s vote, while the conservative People’s Party (PP) could gain strength and the far-right Vox could become the country’s third-largest party, just months after winning its first parliamentary seats.

Spain has been struggling to put stable governments together since 2015, when new parties emerged from the financial crisis following decades during which power oscillated between the Socialists and the PP.

Continue reading

Who Should Win the Nobel Peace Prize?

By Pete Hegseth

They’ve saved the free world more than once. And they’re on the job preserving the peace right now. When it comes to making the world a more secure place for good and decent people everywhere, this one group deserves the bulk of the credit. Who is this group, and how can we ever thank them? Pete Hegseth, U.S. Army Major, has the answer.

Please watch the VIDEO.

CONTINUE READING –>

What’s The Price Of Gold In The Gold Standard

By Keith Weiner – Re-Blogged From Gold Eagle

Let’s revisit a point that came up in passing, in the Silver Doctors’ interview of Keith. At around 35:45, he begins a question about weights and measures, and references the Coinage Act of 1792. This raises an interesting set of issues, and we have encountered much confusion (including from one PhD economist whose dissertation committee was headed by Milton Friedman himself).

Gold, Paper and Redeemability

Back in the 18th century, three facts were obvious and not questioned. One, gold and silver are money. Two, the paper receipt evidencing the deposit of money is not, itself, money. And three, depositors had the right to get their money back plus interest.

Continue reading

Edison’s Roadmap to Energy Hell

By Rud Istvan, – Re-Blogged From WUWT

California WUWT reader Cal B alerted Charles the Moderator to a new document just published by Edison International, the holding company parent for SoCal Edison, the largest electric utility for southern California. Cal B asked if WUWT posters might like to take it on? In his usual charming fashion, CtM got me (after some initial reluctance) to volunteer today over a lunch overlooking South Florida’s Intercoastal Waterway. The key was his sensible solution to my ‘too big a subject’ objection—break it into parts! So this is the first of six parts.

My reasons for agreeing were several.

First, most of the technical difficulty issues buried in Pathway 2045 I previously covered, albeit at posts over at Judith Curry’s Climate Etc and/or in my ebook Blowing Smoke. So there was not a whole lot of new research required.

Second, it is stunning that an electric utility could foist such technical and economic nonsense onto its California customers. One presumes it was forced by coming California requirements imposed by Newsom worse than the crazy 2030 requirements to which SoCalEd already crazily responded in 2017.

Continue reading

Dumber than Schist

By David Middleton – Re-Blogged From WUWT

WARNING

This post is extremely political. If you are offended by hardball politics, stop reading here. Comments to the effect that you don’t like political posts or are offended political incorrectness and moderately insensitive language will be mercilessly ridiculed.

Fauxcahontas is truly a “stupid and futile gesture”…

A climate denier-in-chief sits in the White House today. But not for long

Elizabeth Warren

The next president must rejoin the Paris agreement and show the world that the United States is ready to lead on the international stage again

President Trump has now fulfilled his disastrous promise to pull the United States out of the Paris Climate Agreement. The agreement represents decades of work by both Democratic and Republican administrations to achieve a common goal: bringing every country of the world together to tackle the climate crisis, the existential threat of our time.

Continue reading

Why We Love Scary News Stories

By Larry Kummer – Re-Blogged From Fabius Maximus

Summary: A new chapter has begun in the climate wars. The reason why reveals something about America – about us – that we must know if we are to steer America to a safe and prosperous future.

“I want doomster news stories in this newspaper, and plenty of them!”

pexels-photo-1586996

In 2017 a new phase in the “debate” about the public policy response to climate change began with publication of “The Uninhabitable Earth” by David Wallace-Wells in New York magazine – “Famine, economic collapse, a sun that cooks us: What climate change could wreak – sooner than you think.” It is typical alarmist propaganda – exaggerations, misrepresentations, with little context about the odds of these horrific things happening.

Continue reading

Gold And Silver Prices To Head Dramatically Higher

By Mike Gleason – Re-Blogged From Gold Eagle

Mike Gleason: David, we had you back on at the beginning of the year and you shared some amazing insights on palladium, and we’ll get to that in a bit because that market is still very interesting. But first off, you’ve been watching the Fed balance sheet closely here and I wanted to get your comments about that to begin with. Now, after the extraordinary expansion, which followed the 2008 financial crisis and a few rounds of QE, the Fed began contracting the money supply in 2017. You’ve been making the case that the withdrawal of liquidity could trigger another catastrophe.

So, let’s start with the basics here. If you would, please explain the history of the Fed’s balance sheet, and why it is something investors should be carefully watching.

David Jensen: Yeah, I think that the root of it all, the reason we’re watching so closely is the tremendous imbalance between the amount of cash, liquid cash that’s in the system versus the amount of debt. And the Fed has run interest rates from around 20% in 1980 down to 0% or 0.25% here a couple of years ago. And what they’ve done is expanded the greatest debt bubble in history. The total debt in the U.S., now on all levels according to the Fed’s flow of funds report is about $72 trillion. And to serve as that $72 trillion of debt that’s in extent, there’s only $14 trillion of liquid currency in deposits and in physical cash. So, what we’re seeing now is that the Fed needs to continually to expand the money stock with the money supply. The money supply is the annual change or the addition to the outstanding money stocked addition to the $14 trillion that’s out every year. And they need to add a substantial amount so that the debt can be serviced and so that the economy can continue to move forward.

Continue reading