Rep. Liz Cheney Asks The DOJ To Investigate Whether China, Russia Are Infiltrating US Environmental Groups

By Chris White, The Daily Caller – Re-Blogged From WUWT

Rep. Liz Cheney of Wyoming asked the Department of Justice in September to investigate whether Russia and China are working to infiltrate environmental groups to influence U.S. environmental policy, the Daily Caller News Foundation has learned.

Russia and China may be infiltrating non-governmental groups in an attempt to meddle in domestic energy and environmental policy, Cheney wrote in a Sept. 4 letter to Attorney General William Barr obtained by the DCNF. The Republican lawmaker said in the letter that Russia had in the past worked to spread anti-fracking propaganda inside the United States.

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China Is Killing The Dollar

By Alasdair Macleod – Re-Blogged From GoldMoney

In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are sound geopolitical reasons behind it the monetary effect will be to drive down the dollar’s purchasing power, and that this is already happening. More recently, a veiled threat has emerged that China could dump all her US Treasury and agency bonds if the relationship with America deteriorates further. This appears to be a cover for China to reduce her dollar exposure more aggressively. The consequences are a primal threat to the Fed’s policy of escalating monetary policy while maintaining the dollar’s status in the foreign exchanges.

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Slow Recovery From Virus Unlikely To impede Strong Demand For Metals

By Rick Mills – Re-Blogged From Gold Eagle

Daily coronavirus cases may be down in the United States, but that is no reason to be complacent, especially given that cold and flu season is only a few weeks away, says the nation’s top doctor.

In a roundtable discussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that “we need to hunker down and get through this fall and winter, because it’s not going to be easy.” He compared the pandemic to the early days of HIV in terms of how quickly it escalated, and how it might continue to escalate, if current trends of low mask-wearing and social distancing continue. “We’ve been through this before,” he said. “Don’t ever, ever underestimate the potential of the pandemic. And don’t try and look at the rosy side of things.”

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Space Oddity And Helicopter Money

By Egon von Greyerz – Re-Blogged From Gold Eagle

The New Red Peril Represents a Golden Opportunity

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Why Don’t These Lives Matter?

By Paul Driessen – Re-Blogged From WUWT

Child labor, human rights abuses and deaths are routinely ignored by Greens and Democrats

Marathon Petroleum recently announced it will “indefinitely idle” its Martinez Refinery. The decision will remove hundreds of jobs, billions of dollars, and nearly 7 million gallons of gasoline, diesel and other petroleum liquids per day from the energy-hungry California economy. It will also send fuel prices even higher for minority and other poor families that already pay by far the highest gasoline prices in the continental United States: $1.32 more per gallon of regular than in Louisiana and Texas.

California’s green and political interests don’t want drilling or fracking, pipelines, or nuclear, coal or hydroelectric power plants – or mining for the materials needed to manufacture electric cars. They prefer to have that work done somewhere else, and just import the energy, cars and consumer goods.

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Extreme Floods / Covid-19 / China Food Shortage Fears

By Eric Worrall – Re-Blogged From WUWT

A Chinese granary has banned recording devices after a viral video emerged showing rotting corn in food storage bins

China is not having a good year. Following China’s largely self inflicted Covid-19 disaster, and months of extreme rain pushing floodwaters against the structurally questionable Three Gorges dam, failure of which could wash away China’s industrial and agricultural heartland with a 31 billion 39 trillion litre inland tsunami, reports are now appearing claiming there is a looming Chinese food shortage.

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Microsoft Offers to Buy TikTok Following Trump Crackdown

Make It American

Over the weekend, the Trump administration gave TikTok’s Chinese parent company ByteDance 45 days to sell off the app — or get kicked out of the US market, Reuters reports.

Microsoft is circling the news like a shark and has officially confirmed in a blog post that it’s interested in buying TikTok operations in the US, Canada, Australia, and New Zealand. That means the US software company has 45 days to make the move.

Green New Deal Would Make US Reliance on China Much Worse

By Paul Driessen and Ned Mamula – Re-Blogged From WUWT

Hold China accountable – or give it even more control?

China unleashed Covid-19 on an unsuspecting world. It knew by early January 2020 (if not by December 2019 or earlier) that it was dealing with a vicious, fast-spreading disease in Wuhan, a city with more people than Chicago and New York City combined. But first it said nothing. Then it lied repeatedly, expelled foreign journalists, and threatened, silenced or “disappeared” Wuhan doctors who tried to warn the world.

The Chinese Communist Party used its influence with the World Health Organization to advance its false claims about the origins of the Wuhan virus (likely a laboratory or wet market in the city) and absence of human-to-human transmission. The CCP even claimed the virus was brought to Wuhan by US soldiers during an October 2019 military sports tournament. It shut down domestic travel to and from Wuhan, while allowing millions to fly between Wuhan and Europe, the United States, Africa and Latin America.

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Boris Johnson Pledges to Change Hong Kong Immigration Rules if China Passes Law

By Uzair Ahmed (View on Facebook at www.facebook.com/TheZair

Boris Johnson pledged to allow millions of Hong Kong residents to seek refuge in the UK if China passes a new national security law. While this decision opens the door of opportunities for Hong Kongers, it leaves many questions unanswered about how challenging it would be for these migrants to get British citizenship.

According to Mr. Johnson, “Britain would have no choice but to uphold our profound ties of history and friendship with the people of Hong Kong”.

If China imposes its national security law, the British government will change our immigration rules and allow any holder of these passports from Hong Kong to come to the UK for a renewable period of 12 months and be given further immigration rights, including the right to work, which could place them on a route to citizenship,” he added.

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Will Vaccines Become a Bridge to Nowhere?

The monthly U.S. budget deficit for June 2020 was a heart-stopping record $864 billion. For reference, last year’s deficit for all of fiscal 2019 was just under $1 trillion. In other words, the June deficit was almost as much as the entire amount of red ink spilled one year ago. This year will see the worst annual amount of fiscal hemorrhaging ever—and by a whole lot. The figure will be at least $4 trillion in total, which is $2.6 trillion more than the peak suffered under the Great Recession. One has to imagine that with the Department of Labor reporting, there are now 32 million people collecting unemployment insurance as of June 27th–the amount of additional debt continues to pile up fast.

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The Pound’s Future In A Dollar Collapse

By Alasdair Macleod – Re-Blogged From GoldMoney

In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling.

Sterling is exceptionally vulnerable to a systemic banking crisis, with European banks being the most highly geared of the GSIBs. The UK Government, in opting to side with America and cut ties with China, has probably thrown away the one significant chance it has of not seeing sterling collapse with the dollar.

A possible salvation might be to hang onto Germany’s coattails if it leaves a sinking euro to form a hard currency bloc of its own, given her substantial gold reserves. But for now, that has to be a long shot.

And lastly, in common with the Fed and ECB, the Bank of England has taken for itself more power in monetary matters than the politicians are truly aware of, being generally clueless about money.

Conclusion: the pound is unlikely to survive a dollar collapse, which for any serious student of money, is becoming a certainty.

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Covid-19, Floods and Bank Runs: China Braces As Heavy Rainfall Stresses Water Management Infrastructure

A torrential downpour which has lasted over a month is testing China’s vast river flood control infrastructure, and threatening residents of Hubei Province, whose capital is Wuhan.

China’s flood defence network put to the test as it braces for more storms

Almost 20 million people living along the Yangtze River have been affected since late May, with at least 121 killed or missing

Engineer says if severe flooding, torrential rain persist it’s unclear how effective the dams will be

Shanghai Floods 2007
Shanghai Floods 2007. lauraelizabeth / CC BY

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A Look At China

By Mark J Lundeen – Re-Blogged From Gold Eagle

Since June 11th (the past month) the Dow Jones continues struggling with what it’s to do next; break above and stay above its BEV -10% line, or break below and stay below its BEV -15% line.

What’s the Dow Jones waiting for?  As seen in my next chart showing the weekly changes in the Federal Reserve’s holding of US Treasury Debt, the Dow Jones is waiting for another “injection” of “liquidity.”

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When It Rains It Pours, China Edition

By John Rubino – Re-Blogged From Silver Phoenix

The US has its share of problems right now (see One Crisis Is Manageable. Five Might Not Be).

But China is right up there in the “when it rains it pours” sweepstakes. As the apparent source of the covid-19 pandemic, it’s still battling new cases and may yet be blamed for not just spawning the virus but consciously designing and then releasing it. It’s also battling unrest in Hong Kong, saber-rattling with Taiwan, and navigating a complex trade war with the US.

But those things might pale next what’s happening with the massive Three Gorges dam. Rain has been falling almost non-stop for weeks in Southern China, and floods – much worse than usual for this time of year – have inundated cities and towns (including covid-19 epicenter Wuhan) along the Yangtze River. The New York Times  describes this combination of pandemic and flooding as “surreal and difficult”.

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Prices Are Going To Rise…And Fast!

With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of a V-shaped recovery is wishful thinking or just brokers’ propaganda. But for now, monetary policy is to buy off all reality by printing money without limit and almost no one is thinking about the consequences.

Transmitting money into the real economy is proving difficult, with banks wanting to reduce their balance sheets, and very reluctant to expand credit. Furthermore, banks are weaker today than ahead of the last credit crisis, and payment failures on the June quarter-day just passed could trigger a systemic crisis before this month is out.

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Australia Begins Massive Military Build-Up As Conflict With Communist China Grows Over Pandemic

By  Ryan Saavedra – Re-Blogged From DailyWire

Australian Prime Minister Scott Morrison announced this week that Australia will spend hundreds of billions of dollars to significantly ramp up its military capabilities as it faces increasing threats from communist China amid fallout from the coronavirus pandemic.

The announcement comes after the Chinese Communist Party reportedly threatened Australia for pushing for an investigation into the origins of the coronavirus pandemic, which originated in China. China’s attempts to pressure Australia to drop the request for an investigation into the origins of the outbreak only strengthened Australia’s resolve against China, as Australia later came out and backed an initiative to have Taiwan rejoin the World Health Organization (WHO).

CANBERRA, AUSTRALIA - APRIL 11: Australian Prime Minister Scott Morrison talks to the media at a press conference announcing an election date at Parliament House on April 11, 2019 in Canberra, Australia. Scott Morrison visited the Governor General today to ask for an election on 18 May. All 151 House of Representatives seats will be up for election.
Tracey Nearmy/Getty Images

Greens Promote Child Slave Labor and Ecological Destruction

By Paul Driessen – Re-Blogged From WUWT

Why don’t African black lives and ecological values matter? or impacts in and beyond Virginia?

The US Supreme Court recently ruled 7-2 to reverse a lower court ruling that had invalidated a permit for the Atlantic Coast Pipeline, which will bring West Virginia natural gas to Virginia and North Carolina, for home heating, factory power, electricity generation and manufacturing petrochemical feedstocks.

Environmentalists had claimed the US Forest Service had no authority to issue the permit, because a 0.1-mile (530-foot) segment would cross 600 feet below the 2,200-mile-long Appalachian Trail, which is administered by the National Park Service. Justice Thomas’s majority opinion scuttled that assertion.

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A Collapsing Dollar And China’s Monetary Strategy

Alasdair Macleod – Re-Blogged From Gold Eagle

This article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not destroy it, because it is the principal means of Chinese foreign interests being secured .

Furthermore, a return to sound money requires China to reverse its interventionism under Xi, returning to Deng Xiaoping’s original vision. Sound money can only last if the relationship between the state and the wider economy is properly addressed.

Of all the major economies, China’s is best placed to implement a sound money solution. At the moment it seems unlikely the necessary reforms will be forthcoming; but a general collapse of the global fiat currency regime presents the opportunity for reassessment and change.

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2020 Economic Predictions: This Series of Unfortunate Events Guarantees the Epocalypse

Look at the plethora of problems in my list of 2020 economic predictions, which are so severe and so likely to get even worse that it’s more difficult to imagine they won’t get worse than to believe they will. Some are so bad that just a few of them would plunge us into an abyss of social and financial catastrophes.

Here are my economic predictions for the remainder of 2020

This list of economic predictions is not hard to come up with. It is, however, the fact that it is so easy to predict these things this year that makes this year’s list so important.

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Gold, Copper And Silver Are Must-Own Metals

Gold surged on Monday after a spike in coronavirus cases worldwide dashed hopes of a quick economic recovery. Within 24-hours the number of infections globally rose 183,020, a new record, the World Health Organization reported, Reuters said the US saw a 25% increase in new COVID-19 cases over the week ending June 21st.

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A Can Too Big For The Fed And ECB

There are lies, damned lies, and economists. Whether these economists work for the government or a bank, they spend all their time on the computer extrapolating current trends with minor adjustments.

If you want to understand the future, don’t spend your life preparing and constantly revising an Excel sheet with masses of economic data. Collective human behaviour is extremely predictable. But not by spreadsheet analysis but by studying history.

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The Crisis Goes Up A Gear

By Alasdair Macleod – Re-Blogged From Gold Eagle

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar.

At this stage of an evolving economic and financial crisis, such thoughts are necessarily speculative. But an imminent banking crisis is now a near certainty, with most global systemically important banks in a weaker position than at the time of the Lehman crisis. US markets appear oblivious to this risk, though the ratings of G-SIBs in other jurisdictions do reflect specific banking risks rather than a systemic one at this stage.

A banking collapse will be a game-changer for financial markets, and we should then worry that the Fed has bound the dollar’s future to their fortunes.

The dollar could fail completely by the end of this year. Against that possibility a reset might be implemented, perhaps by reintroducing the greenback, which is not the same as the Fed’s dollar. Any reset is likely to fail unless the US Government desists from inflationary financing, which requires a radically changed mindset, even harder to imagine in a presidential election year.

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Remaking Post-Covid-19 Capitalism in the West: Lessons for the East

By Tilak Doshi – Re-Blogged From WUWT

As the world emerges painfully from  the lockdown cure that is likely to be far worse than the disease of Covid-19, we are now being sold yet another bill of goods. We are told from almost every quarter that the economic recovery from the pandemic-panic induced lockdowns has to be “green”. Political leaders and mass media editors hitched to the climate change bandwagon cite the well-known if cynical slogan “never let a crisis go to waste” – commonly attributed to former President Obama’s Chief of Staff Rahm Emmanuel.  Politicians and “thought leaders” ceaselessly claim that massive sums of money need to be spent on economic stimulus plans to recover from the self-induced economic coma and that the spending has to  be “sustainable” (aka “green”). Not only will this save us from the “crisis of capitalism” but it is deemed vital for the future of human civilization itself.

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Weekly Climate and Energy News Roundup #411

By Ken Haapala, President, Science and Environmental Policy Project

Re-Blogged From WUWT

Quote of the Week: “It is in the admission of ignorance and the admission of uncertainty that there is a hope for the continuous motion of human beings in some direction that doesn’t get confined, permanently blocked, as it has so many times before in various periods in the history of man.” – Richard Feynman, The Meaning of It All: Thoughts of a Citizen-Scientist

Number of the Week: 10% loss

An Inverse? Traditionally in Washington, Fridays are a slow news day and during June reporters, and others, would be leaving early for the beach or for other activities. During the Obama Administration, regulatory agencies often would announce expanded regulations on Fridays giving time over the weekend to assess the response.

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Silver Miners’ Q1’20 Fundamentals

By Adam Hamilton – Re-Blogged From Silver Phoenix

The silver miners’ stocks have surged higher since mid-March’s COVID-19 stock panic, clocking in some big and fast gains.  Nevertheless, this long-struggling sector remains vexing.  By mid-May as their latest earnings season was wrapping up, the silver stocks were lagging the gold stocks’ powerful upleg.  And the silver miners’ Q1’20 operational and financial results were disappointing compared to the gold miners’.

Silver and its miners’ stocks have had one heck of a roller-coaster ride in recent months.  With primary silver miners a dying breed, and silver stocks languishing deeply out of favor for years, there are only a couple silver-stock ETFs trading in the US.  The leading one remains the SIL Global X Silver Miners ETF.  And it is still tiny, a rounding error with just $527m in net assets in mid-May.  Silver stocks are left for dead.

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Gold: The Never Normal

By John Ing – Re-Blogged From Gold Eagle

During the Great Depression, stocks lost 90 percent of their value, people lost savings and jobs. Today there are a record 33 million jobless Americans, double the 15 million jobless in the Thirties or 25 percent of the population then. And today, there are long food lines that rival those of the Great Depression. Yet looking at the stock market and its robust snapback rally, the juxtaposition between the comeback and an economy in freefall is contradictory. Of interest is that at the onset of the Great Depression, stocks actually rallied 50 percent, before losing 90 percent of their value three years later. And, looking for clues about the future from the bond market is futile given the Fed’s dominant presence. While there are similarities, they are differences.

Yet few are putting forward the consequences of the inexorable rise in debt to save the world and fewer are looking at a “never normal” future.

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China Tensions Rise

  • President muses about severing trade ties with China
  • Trump says U.S. is looking at Chinese companies on exchanges
Xi Jinping, China's president, left, gestures while standing next to U.S. President Donald Trump during a welcome ceremony outside the Great Hall of the People in Beijing on Nov. 9, 2017. 
Xi Jinping, China’s president, left, gestures while standing next to U.S. President Donald Trump during a welcome ceremony outside the Great Hall of the People in Beijing on Nov. 9, 2017.Photographer: Qilai Shen/Bloomberg

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Will COVID-19 Reset the Global Monetary Order?

By Andrew Moran – Re-Blogged From Liberty Nation

In response to the Great Recession a decade ago, the international community fired off the big guns to stave off the inevitable decay of the global economy that had been manipulated and distorted through the Keynesian doctrine. Despite the massive fiscal and monetary stimulus at the time, many countries failed to recover from the financial crisis – and those that survived the market meltdown are still paying for the spending and bailouts. After pulling the trigger on the Coronavirus-targeted bazookas, the world’s pockets are empty, potentially creating a scenario for a reset in the global monetary order. On the other side of the lockdown, who will stand tall and reign supreme? If history is any indicator, it will either be the country with a lifetime supply of printing press ink or the one with a vault full of gold.

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China says it ‘expelled’ U.S. Navy vessel from South China Sea

By Adela Suliman – Re-Blogged From NBC News

China’s military said it “expelled” a U.S. navy vessel from the hotly contested waters of the South China Sea this week. It said the “USS Barry” had illegally entered China’s Xisha territorial waters on Tuesday.

U.S. officials disputed the account.

A spokesman for the Department of Defense disputed Beijing’s account, saying “at no point were U.S. warships ‘expelled.'”
Image: The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations

The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations on Tuesday in the South China Sea.US Navy/Samuel Hardgrove / AFP – Getty Images

Fauci Gave Millions in US Tax-Dollars to Back Risky COVID Research at Wuhan Lab

‘Information gained through biomedical research … provides a critical foundation for generating appropriate countermeasures…’

Dr. Fauci Pushes Back on Democrats' Accusations Against Trump: 'He Has Always Listened to What I've Said'

Anthony Fauci / IMAGE: Face the Nation via Youtube

(Ben Sellers, Liberty Headlines) Dr. Anthony Fauci has been a crucial adviser for President Donald Trump during the coronavirus pandemic, but some evidence suggests he may be more a part of the cover-up than the solution.

Already, Fauci has come under criticism for his veiled partisan commentary, presumptuous second-guessing of the president and his role in delaying the pace of progress as Trump calls for streamlined solutions to circumvent the swamp’s normally sluggish scientific apparati.

Reports now suggest that, during the Obama administration, Fauci’s organization, the National Institute of Allergy and Infectious Diseases funneled $7.4 million to the Wuhan Institute of Virology, according to the New York Post.

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China, Trade, And Carona Virus

By Rick Mills – Re-Blogged From Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

“Today the House of Representatives has taken an historic step toward continued prosperity in America, reform in China, and peace in the world. . . it will open new doors of trade for America and new hope for change in China.”

That was President Bill Clinton, commenting on the spring, 2000 vote in the US House of Representatives, to normalize relations with China. The vote was effectively a US endorsement of China joining the World Trade Organization (WTO), and confirmed the pro-accession stance of the White House.

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A Massive GOLD Bull Market Is Building

Imagine, if you will, there was no coronavirus. No haz-mat suits, medical masks & gloves, no make-shift morgues. No terminally ill patients hooked up to ventilators, no horrible deaths without love ones close, no lockdowns, no social distancing, no deserted streets, no bailouts, no emergency wage supplements, just a regular spring with birds chirping and flowers blooming.

Of course there is no getting away from the covid-19 pandemic that has slammed into populations and economies like a “God of chaos” comet. It seems to have permeated civilization, threatening lives, livelihoods, and the way we conduct ourselves professionally and socially.

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Business Continuity and the Chinese Virus

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

Early in 2001, an international corporation’s chief financial officer conducted a business-continuity appraisal of the entire business. All insurances were reviewed and brought up to date. The pension fund was audited to make sure it could meet its obligations. Health, safety and business-risk assessments of every kind were conducted.

The United States headquarters of the corporation were in a prominent New York skyscraper. The cautious finance officer decided that if one of the many totalitarian regimes worldwide that hate democracy and, therefore, have a particular loathing for the United States were to mount a terrorist attack, the building might be vulnerable. At some cost, he turned in the lease and, notwithstanding some grumbling from the board, moved the entire operation to somewhere less prominent.

The building was No. 1, World Trade Center.

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The Bats Behind the Covid-19 Pandemic

Re-Blogged From WUWT

The Bats Behind the Pandemic (published 9 April 2020): From Ebola to Covid-19, many of the deadliest viruses to emerge in recent years have the same animal source.

Ridley horsebat

“RaTG13 is the name, rank and serial number of an individual horseshoe bat of the species Rhinolophus affinis, or rather of a sample of its feces collected in 2013 in a cave in Yunnan, China. The sample was collected by hazmat-clad scientists from the Institute of Virology in Wuhan that year. Stored away and forgotten until January this year, the sample from the horseshoe bat contains the virus that causes Covid-19.

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Global Shutdown And Gold

Arkadiusz Sieroń – Re-Blogged From Gold Eagle

Have you read Ayn Rand’s novel Atlas Shrugged? The main theme of the book is that – overwhelmed by growing statism – entrepreneurs at one point say finally “basta!” and announce a strike. They disappear, leaving their businesses to their fate. The symbolic Atlas who carries the world, shrugs. As a result, the economy collapses, plunging the world into chaos.

This what we are observing right now. The workers do not go to work. Shopping malls are closed. Restaurateurs shut down their premises. Theatres, cinemas, gyms, swimming pools – they all are out of service. Other companies reduce their activities or even go dormant. The global economy freezes. The only difference from the Rand’s novel that it is not because of the strike but because of a self-defense effort. People want to protect themselves and others against a contagious pathogen. But the result is the same. The collapse of the economy.

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U.S. Companies Fleeing China En Masse

American manufacturing companies are leaving China en masse, according to a new report by a global manufacturing consulting firm, and the coronavirus pandemic could be speeding up that process.

President Donald Trump’s trade war with China produced incentives for companies to return to the U.S., according to an annual reshoring report that was released Tuesday by global consulting firm Kearney.

But China’s mishandling of the coronavirus and its attempts to repress information about the virus’s spread may have accelerated that trend.

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Weekly Climate and Energy News Roundup #405

The Week That Was: April 4, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: “If I set forth a concrete proposal in all its particulars, I expose myself to a hundred criticisms on points not essential to the principle of the plan. If I go further in the use of figures for illustration, I am involved more and more in guesswork; and I run the risk of getting the reader bogged in details which may be inaccurate and could certainly be amended without injury to the main fabric.

“Yet if I restrict myself to generalities, I don’t give the reader enough to bite on; and am in fact shirking the issue, since the size, the order of magnitude, of the factors involved isn’t an irrelevant detail.”. – John Maynard Keynes [H/t Kenneth Button in WSJ]

Number of the Week: 20% Loss

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Germany’s Coronavirus Response Shows Bureaucrats Like Fauci Are the Problem

‘Unburdened by a restrictive central regulatory body … private companies moved quickly to mass produce those tests, meaning they could be rolled out rapidly to the population…’

Dr. Fauci Pushes Back on Democrats' Accusations Against Trump: 'He Has Always Listened to What I've Said'

Anthony Fauci / IMAGE: Face the Nation via Youtube

The great hero to emerge from the coronavirus crisis appears to be Dr. Anthony Fauci, the National Institutes for Health’s disease expert who has stood by the side of President Donald Trump and occasionally butted heads with him.

The Left, in particular, has made Fauci a focal point of its coronavirus rhetoric—claiming, when it is convenient to do so, that Trump should step aside and allow ‘experts’ to handle the situation, while generously heaping any blame on the president for a perceived lack of progress.

Trump, going against all instincts, has largely followed the advice of Fauci in areas such as the White House social-distancing guidelines, recently extended through April.

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EU Green Leader Explains Climate Change and Democracy

By Eric Worrall – Re-Blogged From WUWT

According to Valentin Dupouey, head of communications for the European Greens, a pan-European federation of green parties, a major overhaul of Democracy is required to force acceptance of the economic de-growth required to address the climate crisis.

He also thinks its important to explain to China that because of climate change, “a Chinese average citizenwill never be able to reach the material lifestyle of a French minimum-wage worker.

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The Italian Connection

By Willis Eschenbach [Note updates at the end] – Re-Blogged From WUWT

Since the earliest days of the current pandemic, Italy has been the scary member of the family that you absolutely don’t want to emulate, the one cousin that gets into really bad trouble. The Italians have the highest rate of deaths from the COVID-19 coronavirus, and their numbers continue to climb. Here’s the situation today.

Figure 1. Deaths from the COVID-19 coronavirus expressed as deaths per ten million of the country population. Percentages of the total population are shown at the right in blue. All countries are aligned at the date of their first reported death. Most recent daily chart and charts of previous days are available by going here and scrolling down.

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New Research: Listeners Synchronize Brain Activity With Musicians

Brain Waves

According to new research by Chinese neuroscientists, something extraordinary happens during a musical performance: the brain activity of listeners appears to sync up with the brain activity of the musician playing music for them. Yes, anyone who’s ever seen an awesome concert now has confirmation: Musicians and crowds really are connecting, at a neurological level.

“These findings suggest that neural synchronization between the audience and the performer might serve as an underlying mechanism for the positive reception of musical performance,” reads a paper about the research. “This study expands our understanding of music appreciation.”

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How Exactly do they Plan to Replace Fossil Fuels?

By Paul Driessen – Re-Blogged From WUWT

They want to ban coal, oil and gas. Exactly how will they replace them? Who wins? Who loses?

Berkeley, CA, Takoma Park, MD and other cities; California, Connecticut, New York, Virginia and other states; Germany, England and other countries; the European Union – all plan to banish oil, natural gas and coal within 10, 20 or 30 years. A number of US states have joined Regional Greenhouse Gas Initiatives and proudly say We Are Still Inthe Paris climate treaty, no matter what President Trump says or does.

Forget the headlines and models, and look at hurricane, tornado, sea level and other historic records. There is no crisis, no unprecedented warming or weather events, certainly nothing that proves humans have replaced the powerful natural forces that have always driven climate changes and weather events.

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China Says This Drug Is “Clearly Effective” Against Coronavirus

By Victor Tangermann – Re-Blogged From Futurism

According to a new study, it can turn coronavirus tests negative in just four days.

According to Japanese media, Chinese medical authorities have found that an antiviral drug called “favipiravir” has shown promise in treating COVID-19 patients, The Guardian reports.

“It has a high degree of safety and is clearly effective in treatment,” Zhang Xinmin, an official at China’s science and technology ministry, told reporters on Tuesday.

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Study Suggests Covid-19 Outbreak in Wuhan Has Been Controlled

Re-Blogged From WUWT

This new science paper suggests  “Considerable countermeasures have effectively controlled the Covid-19 outbreak in Wuhan”. That suggests that similar countermeasures being enacted worldwide might have an effective result.

This paper has not yet been peer-reviewed, but given the speed (or sluggishness) of that process, the authors thought they should do a pre-print first. Sometimes the web can be the harshest peer-review. – Anthony


Evolving Epidemiology and Impact of Non-pharmaceutical Interventions on the Outbreak of Coronavirus Disease 2019 in Wuhan, China

medRxiv preprint doi: https://doi.org/10.1101/2020.03.03.20030593. The copyright holder for this preprint (which was not peer-reviewed) is the author/funder, who has granted medRxiv a license to display the preprint in perpetuity.

It is made available under a CC-BY-NC-ND 4.0 International license .

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China and India Rejecting Renewables for Coal-Fired Futures

clip_image001[4]   By Ronald Stein – Re-Blogged From WUWT

Founder and Ambassador for Energy & Infrastructure of PTS Advance, headquartered in Irvine, California

China and India are NOT buying into the global alarm movement. Never in human history have we seen two countries (China and India), each with over a billion people, in need of such gargantuan amounts of energy to keep their economies accelerating and their citizens alive.

China and India are the two most populous countries in the world. As of 2018, China had almost 1.4 billion people, a figure that is projected to grow to 1.5 billion by 2045. India accounted for approximately 1.3 billion people in 2018 and is expected to grow to almost 1.7 billion by 2045.

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The Great Melt-Up Melt Down

By David Haggith – Re-Blogged From Silver Phoenix

That didn’t take long. Just a month ago, I wrote, “Stock Market More Overpriced And Perilous Than Anytime In History  ,” stating that the market was poised for a big fall because “some of the market’s most fundamental valuation metrics are now printing at levels never seen before…. This market is tripping on some pricy hallucinogens.”

.And here we are! A single black swan has knocked the legs out from under the bull. It’s not a full-blown correction yet (requiring indices fall by, at least, 10%) or a crash (20% or more), though it looks like it could hit that mark by the end of today. That would be a full correction in just four days.

The market has fallen off such a steep cliff to where MarketWatch reported that Monday and Tuesday teamed up to be the largest two-day point drop in Dow history! (Some other sites have said it is the largest since the big drop I predicted for the start of 2018 when the market experienced its largest one-day point drop in history.)

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Is Recycling working?

By Andy May – Re-Blogged From WUWT

The recycling movement started in the 1970s and it has been very popular in Western countries. Participation varies with location, but in our small community of The Woodlands, Texas, over 90% participate in our curbside recycling program. However, the value of recycled materials has fallen dramatically in recent years because far too much unrecyclable material is put in the bins by the public and much of what is recyclable is contaminated with water, food, or other contaminates that make the “good” stuff unusable. Waste disposal companies often charge “contamination fees.” In addition to the contamination problem, the value of recyclables is going down and cost to process them into a usable form is going up. Processing, that is cleaning and sorting a load of recyclable material, has gone from earning a community $25/ton to costing the community $70/ton or more in many areas. In 2015 recycling was a revenue generator for Houston and other cities in the area. Bellaire, for example, generated $12,000 in 2015 from curbside recycling, but in 2017, they lost over $80,000 for the same program.

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John Rubino Interview

By John Rubino of Dollar Collapse interviewed by Mike Manwell of Silver Doctors

All ASSET BUBBLES MUST BURST… Today’s guest, John Rubino, shares his thoughts on why this current bubble economy has lasted so long. During our chat he elaborates on how Central Banks and Governments are trapped into experimenting with more ways to keep the economy afloat. Unfortunately, the music has to stop at some point and the only people that will be left standing will be holders of sound money.

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U.S. Health Officials Urge Americans to Prepare for Spread of Coronavirus

The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday alerted Americans to begin preparing for the spread of coronavirus in the United States after infections surfaced in several more countries.

The announcement signaled a change in tone for the Atlanta-based U.S. health agency, which had largely been focused on efforts to stop the virus from entering the country and quarantining individuals traveling from China.

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