Greg Weldon: Stock Market “As Overextended As Anything I’ve Ever Seen”

By Mike Gleason – Re-Blogged From http://www.Gold-Eagle.com

Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experiencing, specializing in the metals and commodity markets and even authored a book in 2006 titled, Gold Trading Boot Camp where he accurately predicted the implosion of the U.S. credit market and urged people to buy gold when it was only $550 an ounce. He’s a highly sought-after presenter at financial conferences throughout the country and is a regular guest on many popular financial shows, and it’s great to have him back here on the Money Metals Podcast.

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Likely Coldest April Since 1895

Re-Blogged From http://www.WattsUpWithThat.com

Farmers are suffering as the cold, wet spring has put a stunning halt to agriculture. Ice Age Farmer Report – 19 Apr 2018

Soil temperatures are below normal, and not conducive to planting yet.

“Temperatures going down, greenhouses going up. Crop losses continue globally, and we must all be preparing for the times ahead.”

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Weekly Climate and Energy News Roundup #290

By Ken Haapala, President, The Science and Environmental Policy Project

Brought to You by www.SEPP.org

Academic Threats? On November 3, the US Global Change Research Program (USGCRP) released what may be the final climate report of the Obama Administration. The USGCRP was established 1989 by an executive order by President George H.W. Bush and was “mandated by Congress in the Global Change Research Act (GCRA) of 1990 to assist the Nation and the world to understand, assess, predict, and respond to human-induced and natural processes of global change.” It comprises 13 Federal agencies and had a 2016 enacted budget of $2.6 billion and a 2017 requested budget of $2.8 billon. [These numbers are out of date, but more recent data was not found in a search of its web site.] The current executive director is Michael Kuperberg, who was appointed by President Obama in July 2015.

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DC Swamp Denizens Strike Back

By Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

While demand for biodiesel is down, senators and crony corporatists deep-six proposed EPA reductions in biodiesel mandates

Despite what I thought were persuasive articles over the years (here, here and here, for example), corn ethanol and other biofuel mandates remain embedded in US law. As we have learned, once a government program is created, it becomes virtually impossible to eliminate, revise or even trim fat from it.

This year, it looked like this “rule of perpetuity” might finally change. The Trump-Pruitt Environmental Protection Agency proposed to use its “waiver authority” to reduce its 2018 biodiesel requirement by 15% (315 million gallons) and (possibly) lower the 2019 total down to the 1-billion-gallon minimum mandated by Congress. The proposed action would not affect corn or other ethanol production and blending requirements, despite growing problems with incorporating more ethanol into gasoline.

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Study Finds: Corn Better Used as Food Than Biofuel

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

From the UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN and the “don’t burn your food” department.

Corn is grown not only for food, it is also an important renewable energy source. Renewable biofuels can come with hidden economic and environmental issues, and the question of whether corn is better utilized as food or as a biofuel has persisted since ethanol came into use. For the first time, researchers at the University of Illinois have quantified and compared these issues in terms of economics of the entire production system to determine if the benefits of biofuel corn outweigh the costs.

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Weekly Climate and Energy News Roundup #267

By Ken Haapala, President, The Science and Environmental Policy Project

Brought to You by www.SEPP.org

Joint Petition to Reconsider: Although not discussed in prior TWTWs, SEPP joined the Competitive Enterprise Institute (CEI) in filing a joint petition to the EPA to reconsider its 2009 finding that greenhouse gases, especially carbon dioxide, endanger public health and welfare. The petition was filed on February 17, 2017, and slightly revised on February 23.

Such actions fall under the “right to petition” stated in the 1st Amendment of the Constitution. The petition has added weight because both CEI and SEPP originally objected to the endangerment finding. The filing has been in the news, but TWTW has mentioned it only in passing. The legal issues were handled by CEI. The chance of success is not high, but the action is important.

By necessity the petition is short, and concise. It focuses on the strongest empirical science available in January, but not available in 2009, that contradicts the assertion that CO2 endangers public health and welfare. The testimony of John Christy on February 2, 2016, was chosen. [Christy’s written testimony to the House Science, Space, and Technology Committee on March 29, 2017, was even stronger evidence, but did not yet exist.]

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Biofuel Madness: Another Disastrous Impact of Global Warming Deception

By Dr. Tim Ball – Re-Blogged From http://www.WattsUpWithThat.com

There are many deadly and disastrous stories associated with the deception that human CO2 is causing global warming. Some are more obscure than others, but no less deadly in the unnecessary damage and destruction they caused. One was the myth of what was called “Arab Spring.” It never occurred, but what happened was a result of ‘green’ policies based on non-existence science. Unintended consequences are the inevitable result of actions and must not be used to inhibit action and progress. However, there is a difference if the objective was based on evidence and provides benefits or was based on concocted evidence and was mostly detrimental.

I was on a radio program recently, when a listener called to ask who was responsible for more deaths than anyone in history. The word responsible is important because probably none of those most people identify, including Hitler, Stalin, and Mao Zedong, ever actually killed anyone themselves. Many people now realize that the list includes people society tend to glorify, such as Alfred Nobel, who was so mortified by the death and destruction of his invention that he created prizes for advancing knowledge, understanding, and peace.

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