Wind Energy in Scotland

By David Redfern – Re-Blogged From WUWT

I was invited by Charles the Moderator to write an essay with the emphasis on Scottish wind derived electricity.

I’m not a scientist, nor an engineer, in fact barely educated beyond high school, so, whilst you won’t get ‘shorthand’ scientific terms here, you will get something laymen can grasp, hopefully.

And that’s important as, whilst there are a small number of scientists/engineers etc. in the world, the majority of voters are like me, just plain old laymen and the subject of climate change is now political so every voter is vital.

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The European Green Deal is a Bad Deal

By Marcus Holtkoetter – Re-Blogged From AGWeb

The European Commission has a plan to eliminate modern farming in Europe.

The details emerged last month, as part of a “European Green Deal” announced late last year that calls for the continent to become “climate neutral” by 2050.

The commission speaks of “turning climate and environmental challenges into opportunities.” It also talks about “making the transition just and inclusive for all.”

It should have added three words: “except for farmers.”

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Trump Plans to Bring Home 9,500 US Troops from Germany

Re-Blogged From Liberty Headlines

‘There’s still going to be 25,000 American troops in Germany…’

After more than a year of threats to start pulling U.S. troops out of Germany unless Berlin increases its defense spending, President Donald Trump appears to be proceeding to cut the U.S. military contingent by more than 25%.

About 34,500 American troops are stationed in Germany — 50,000 including civilian Department of Defense employees — and the plan Trump reportedly signed off on last week envisions reducing active-duty personnel to 25,000 by September, with further cuts possible.

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AP Photo: President Donald Trump and first lady Melania Trump.

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A big thank you from the front line in the war for free speech

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

To all the kind and generous readers who have donated to the appeal for Naomi Seibt, I should like to say how very grateful she for your support. Thanks to your contributions to her Patreon account, she now has $1800 a month in income, and skeptics everywhere are spreading the word. Stefan Molyneux, who has interviewed Naomi in the past, has just retweeted it, and from there it has been retweeted almost 1000 times. Latest news is that the State Media Authority in North-Rhine Westphalia has threatened Naomi with imprisonment.

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World Now Faces ‘Monetary Armageddon’

By Mike Gleason – Re-Blogged From Gold Eagle

Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon, CEO and President of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and he even authored a book back in 2006 titled Gold Trading Boot Camp where we 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 made some fantastic calls over the last few years here on our podcast and it’s great to have him back with us.

We did speak to you back at the end of February before all this madness started. At the time, COVID-19 had begun seriously impacting economic activity in global markets, maybe not so much in the U.S. Now, just two months later, more than 30 million people have filed for unemployment, GDP was deeply negative in the first quarter and figures to be even worse here in Q2. But the equity markets are acting as if the worst is behind us. We got a major correction followed by an almost relentless rally. Our take is that equity markets are completely disconnected from reality. They are hitched, instead, to the Fed’s magic money machine. What is your take on how stock markets are behaving here, Greg?

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April’s Sales Drop Sets a Record

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Anatomy Of A Fiat Currency Collapse

By Alasdair Macleod – Re-Blogged From Gold Eagle

This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool failed. And now the Fed and other major central banks are committing to an accelerated, infinite monetary debasement to underwrite their entire private sectors and their governments’ spending, to prop up bond markets and therefore all financial asset prices.

It repeats the mistakes of John Law in France three hundred years ago almost to the letter, but this time on a global scale. History, economic theory and even common sense tell us governments and their central banks will rapidly destroy their currencies. So that we can see how to protect ourselves from this monetary madness, we dig into history for guidance to see who benefited from the Austrian and German hyperinflations of 1922-23, and how fortunes were made and lost.

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Coronavirus Death Predictions Bring New Meaning to Hysteria

By Michael Fumento – Re-Blogged From WUWT

20686795 - ironic satirical illustration of a retro classic comics woman being a drama queen
image licensed from 123rf.com

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A Primer For Gold Newbies

By Alasdair Macleod – Re-Blogged From Gold Eagle

The purpose of this article is purely educational. Increasingly, the wider public is turning to gold in a spontaneous reaction to financial and economic problems that have become suddenly apparent, hastened by the spread of the coronavirus. For everyone now thinking of buying gold it is a leap into the unknown, so they should know why.

It is not just the financially inexperienced, but investment managers and financial advisors are equally unaware of what is happening to money and capital markets. We are in the early stages of a radical debasement of state-issued currencies which is on course to collapse the entire financial system.

I explain the two phases of this destruction of fiat money, the one experienced so far and the one we are about to suffer. I explain why sound money has always been physical gold and silver, returned to by the people after government and banks have collectively destroyed state-originated unsound money.

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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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The Demise Of The Financial System Is Imminent

By Egon von Greyerz – Re-Blogged From Gold Eagle

“Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, the Coronavirus is not the cause of global market crashes but the catalyst.

But even if I have been totally certain that the world will see an economic collapse greater than any crisis for 100s of years, this is the worst catalyst that anyone could have expected. Yes, a global virus was always one of the potential risks but of all triggers, this one was certainly the most unwelcome and horrible.

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Will Brexit And Coronavirus End The EU?

By Alasdair Macleod – Re-Blogged From Gold Eagle

The EU and euro face a sudden deterioration in economic conditions due to the coronavirus, which seems certain to widen the differences between Germany and the spendthrift Mediterranean members. But a more immediate problem is the increasing likelihood that the ECB will lose control over financial asset prices, particularly those of government bonds.

In the short-term, it seems likely the euro will rise against the dollar as currency and financial distortions, principally in the fx swap market, are unwound. However, the eurozone faces a developing financial crisis comprised of the following elements: a collapse in economic activity, escalating payment failures, a drastic contraction of bank credit and a collapse in bond prices, as well as the medium used to buy them (the euro).

Eventually, Germany is could go it alone by introducing a gold-backed mark, which will only happen after the European Project is finally abandoned.

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Weekly Climate and Energy News Roundup #411

The Week That Was: February 29, 2020, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Quote of the Week: If everyone is thinking alike, then no one is thinking.” – Benjamin Franklin

Number of the Week: $61,937

Green Dreams: Many political leaders and political factions have little or no understanding of the importance of reliable, predictable electricity to modern civilization and economic wellbeing. Without thoroughly demonstrated examples of success, a number of local and national governments have passed laws phasing out electricity generated by fossil fuels based on the belief that wind and solar can replace fossil fuels. This “green dream” may become a nightmare.

In the UK, the Global Warming Policy Foundation (GWPF) has produced a set of studies estimating that removing fossil fuels from:

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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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Iran Makes Arrests Over Plane Disaster as Protests Rage on

Iran said on Tuesday it had arrested people accused of a role in shooting down a Ukrainian airliner and had also detained 30 people involved in protests that have swept the nation since the military belatedly admitted its error.

Wednesday’s shooting down of Ukraine International Airlines flight 752, killing all 176 people aboard, has led to one of the biggest public challenges to Iran’s clerical rulers since they took power in the 1979 Islamic revolution.

Protesters demonstrate in Tehran, Iran January 11, 2020 in this picture obtained from social media by Reuters via Reuters

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Weekly Climate and Energy News Roundup #389

The Week That Was: December 7, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project (SEPP)

Quote of the Week: The real problem in speech is not precise language. The problem is clear language. The desire is to have the idea clearly communicated to the other person. It is only necessary to be precise when there is some doubt as to the meaning of a phrase, and then the precision should be put in the place where the doubt exists. It is really quite impossible to say anything with absolute precision, unless that thing is so abstracted from the real world as to not represent any real thing.” – Richard Feynman (New Textbooks for the “New” Mathematics)

Number of the Week: Minus 89,000. Down from plus 13,442,000 b/d

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Fiat’s Failings, Gold And Blockchains

By Alasdair Macleod – Re-Blogged From GoldMoney

The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail.

In addition to the monetary and debt inflation since the Lehman crisis, it is highly likely the major international currencies will suffer a catastrophic loss of purchasing power from a new round of monetary expansion, calling for a replacement of today’s fiat currency system with something more stable. The ultimate solution, unlikely to be adopted, is to reinstate gold as circulating money, and how gold works as money is outlined in this article.

Instead, central banks will struggle for fiat-based solutions, which are bound to face a similar fate with or without the blockchain technology being actively considered. The Asian and BRICS blocs have an opportunity to do something with gold. But will they take it?

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Climate Scientists Reduced to Hiding from Climate Thuggery in Germany

By James TaylorB – Re-Blogged From Townhall
Climate Scientists Reduced to Hiding from Climate Thuggery in Germany

Source: AP Photo/Gillian Flaccus

More than 200 people, including dozens of scientists, are in hiding right now in Germany. I am one of them. I can tell you that I am in Munich, but I can’t tell you my hotel. I can tell you that the scientists will meet on Friday and Saturday to share scientific knowledge, but I can’t tell you where. The meeting, in which scientists will present evidence contradicting an asserted climate crisis, was scheduled to be open to the public, but fascist climate thugs have forced us into hiding. The German government, rather than protecting scientists and free speech, has explicitly refused to protect scientists from the threat of violence.

Radicals Bully NH Munich Conference Center…Force Cancellation Of 13th Skeptic Climate Conference!

By – Re-Blogged From No Tricks Zone

Just like the 1930s, and again Munich. There’s no question that freedom of science and speech are under heavy attack in Germany after dozens of distinguished but dissenting scientists have seen their long planned science conference cancelled due to intimidation by leftwing extremists.

Germany caving in to leftist extremists. A skeptic climate conference gets cancelled at last minute due to coercion. Image: Antifa action in Phoenix, 2017, cropped from Carptrash – I, Einar Kvaran, License: CC BY-SA 4.0

This latest climate conference cancellation comes just after leftists coerced the University of Hamburg to disinvite political leaders from making speeches.

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German Parliament Approves Climate Protection Plan

Re-Blogged From DW

Germany’s parliament voted on Friday to formally accept most of a climate protection packet. The legislation aims to cut Germany’s greenhouse gas emissions to 55% of the 1990 levels by 2030.

German lawmakers voted to enshrine climate protection in law on Friday.

The new legislation will target sectors like energy, transport and housing. It aims to cut Germany’s greenhouse gas emissions to 55% of the 1990 levels by 2030. Parts of the so-called “climate packet” still need approval.

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2020 Vision

By USAGOLD – Re-Blogged From Gold Eagle

Five charts to contemplate as we prepare for the New Year

 1. Gold’s annual returns 2000 to present

In the February edition of this newsletter, we ran an article under the headline:  Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for gold since 2010 even with the recent correction taken into account.  Back in September when the price gold reached $1550 per ounce – up almost 22% on the year – 2019 was looking more like a breakout year. Now with the move back to the $1460 level, the market mood has become more restrained. As it is, gold is up 15 of the last 19 years and still up 14.45% so far this year.

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Germany’s Giant Windmills Are Wildly Unpopular

 
Local politics are a bigger problem for renewable energy growth than competition from fossil fuels.

Despite their surging popularity in Germany and elsewhere in Europe, the Greens did badly in last Sunday’s election in the German state of Thuringia, and the nationalists from the Alternative for Germany Party (AfD) did very well. An important reason is that the Greens support wind energy and the AfD militates against wind turbines. The giant windmills have grown so unpopular in neighboring communities that their construction in Germany has all but ground to a halt.

Cloudy skies, busy windmills.
Cloudy skies, busy windmills.

Photographer: Maurizio Gambarini/AFP/Getty Images

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The Monetary Lessons From Germany

By Alasdair Macleod – Re-Blogged From GoldMoney

Germany suffered two currency collapses in the last century, in 1920-23 and1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and failed. In that of the second, Ludwig Erhard remained true to his free market credentials and succeeded. While they were in different circumstances, comparisons between the two events might give some guidance to politicians faced with similar destructions of their state currencies, which is a growing possibility.

Introduction

Let us assume the next credit crisis is on its way. Given enhanced levels of government debt, it is likely to be more serious than the last one in 2008. Let us also note that it is happening despite the supposed stimulus of low and negative interest rates, when we would expect them to be at their maximum in the credit cycle, and that some $17 trillion of bonds are negative yielding, an unnatural distortion of markets. Let us further assume that McKinsey in their annual banking survey of 2019 are correct when they effectively say that 60% of the world’s banks are consuming their capital before a credit crisis. Add to this a developing recession in Germany that will almost certainly lead to both Deutsche Bank and Commerzbank having to be rescued by the German government. And note the IMF recently warned that $19 trillion in corporate debt is a systemic timebomb, and that collateralised loan obligations and direct exposure to junk held by the US commercial banks is approximately equal to the sum of their equity.

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Sour Milk, Sourer Grapes and the Unnatural Greenhouse Effect

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

I am most grateful to Bob Irvine, in a recent column here, for repeating a point that I have tried to make many times, to squeaks of futile protest from assorted busybodies and concern trolls: the total feedback response until 1850 should not, as at present, be allocated solely to the directly-forced reference warming from the naturally-occurring, noncondensing greenhouse gases.

It must be distributed in some fashion between that natural reference sensitivity, on the one hand, and, on the other, the emission temperature that would obtain at the Earth’s surface in the absence of any greenhouse gases.

As things now stand, official climatology describes the 32 K difference between the 255 K emission temperature and the 287 K observed global mean surface temperature in 1850 as the “natural greenhouse effect”.

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French Gold In World War II

By Larry LaBorde – Re-Blogged From Gold Eagle

This story is about one of the world’s largest gold hoards stored in one of the largest most secure vaults ever built. The French stored their 2,500 tons of gold in their secure underground vault in Paris. When the Germans began their offensive, the French started to remove its gold as a precaution. When the Maginot Line was breached and it was clear Paris would be overrun the remaining gold was rushed out of France. The gold traveled over thousands of miles in different directions by ship, train, truck, and airplane during WWII. So grab your Indiana Jones fedora and a globe so you can follow along.

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The Ghost of Failed Banks Returns

By Alasdair Macleod – Re-Blogged From Gold Money

Last week’s failure in the US repo market might have had something to do with Deutsche Bank’s disposal of its prime brokerage to BNP, bringing an unwelcome spotlight to the troubled bank and other foreign banks with prime brokerages in America. There are also worrying similarities between Germany’s Deutsche Bank today and Austria’s Credit-Anstalt in 1931, only the scale is far larger and additionally includes derivatives with a gross value of $50 trillion.

If the repo problem spreads, it could also raise questions over the synthetic ETF industry, whose cash and deposits may face escalating counterparty risks in some of the large banks and their prime brokerages. Managers of synthetic ETFs should be urgently re-evaluating their contractual relationships.

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Why Today’s Renewables Cannot Power Modern Civilization

By Dr. Lars Schernikau – Re-Blogged From WUWT

Dr. Lars Schernikau has founded, worked, and advised many organizations in the energy, raw material, and coal sectors in Asia, Europe, Africa and the Americas. Lars finished his PhD on the economics of energy, commodities, and the global coal business and published two industry trade books (Springer, available on Amazon) in 2010 and 2017.

Summary

· Costs for renewable power generation have dropped fast, but they will not improve 10-fold anymore… physical limits will be reached

· Common comparisons of renewables vs. conventional power generation are misleading. One cannot compare marginal costs for intermittent power with costs for base power

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How’s That Recession Coming?

Pretty good if you ask me. Most economic indicators this year have moved relentlessly in the direction of recession, and now the Cass Freight Index is saying a US recession may start in the 3rd quarter, fitting up nicely to my prediction that we would be entering recession this summer.

Cass comes on board

The Cass Freight Index is one of the most robust proxies for the US and global economies there is. If freight isn’t moving, the economy is dying. As Cass says, their’s is a simple, fundamental approach to encapsulating the economy:

Trump and Johnson Add Unpredictability to French Summit

[Related: Trump offered to buy Greenland from Denmark whose Prime Minister said th idea was “absurd.” -Bob]

By Reuters – Re-Blogged From IJR

Brexit Britain’s overtures to U.S. President Donald Trump risk further complicating the search for common ground this weekend at a Group of Seven summit already clouded by transatlantic rifts over trade, Iran and climate change.

The summit host, President Emmanuel Macron of France, has set the bar low for Biarritz to avoid a repeat of the fiasco last year when Trump threw Canada’s G7 summit into disarray by leaving early, scotching the final communique.

Macron, an ardent europhile and staunch defender of multilateralism, will count on incremental advances in areas where a united front can be presented, with the meeting, which runs from Saturday to Monday, officially focusing on the broad theme of reducing inequality.

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Germany Considers a 19% Meat Tax to Combat Global Warming

By Eric Worrall – Re-Blogged From WUWT

Anyone here believe that global warming zealots want to stop at 19%?

Germany may introduce ‘meat tax’ to protect the environment

Currently meat has reduced tax rate of 7 per cent but politicians say it should increase to 19

Phoebe Weston Science Correspondent @phoeb0  1 day ago

Germany could introduce a “meat tax” to protect the climate and improve animal welfare.

Currently meat in the country has a reduced tax rate of seven per cent but the Social Democrat party and the Greens are arguing that this should increase to the standard 19 per cent, with additional revenue spent on improving animal welfare.

New York Hot Dog
Monks Hot Dog, author Mark H. Anbinder

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Inflationary Financing And GDP

By Alasdair Macleod – Re-Blogged From Gold Eagle

We tend to think of a nation’s accounts as being split between government and the private sector. It is for this reason that key tests of a nation’s economic sustainability and prospects for the currency are measures such as a government’s share of a nation’s economic output, and the level of government debt relative to gross domestic product.

While there is value in statistics of this sort, it is principally to give a quick overview in comparisons with other nations. For a more valuable analysis it is always worthwhile following different analytical approaches in assessing the prospective evolution of a currency’s future purchasing power.

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The Hong Kong Protests

It appears that the two steps forward, one step backwards approach of mainland China isn’t working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades, and the situation appears to be getting worse every week. What does it imply for the gold market?

Hong Kongers Protest

On Monday, Hong Kong’s Airport Authority canceled flights as demonstrators poured into its main terminal. What is going on in Hong Kong? The protests began over plans that would have allowed extradition from Hong Kong to mainland China. Although the bill was suspended, the protests continue, as people demand democratic reforms. The problem is that although Hong Kong – as a former British colony – still enjoys freedoms not seen in mainland China, they are on the decline. The protesters say that mainland China is meddling in Hong Kong, citing examples such as legal rulings that have disqualified pro-democracy legislators.

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German Gold In World War-II

By Larry LaBorde – Re-Blogged From Gold Eagle

During WWII the Germans were in need of money to buy foreign materials to conduct the war. It is estimated they stole almost 500 metric tons (around 16 million troy oz equal to $23 billion USD @ $1,450 / oz) from various governments. Most was taken from Belgium, the Netherlands, Austria and Czechoslovakia. The French gold (about 2,500 metric tons or 80 million troy oz) was saved from the Germans in a rather interesting story that I will save for later.

It is very roughly estimated that around 100 tons were passed through Switzerland and then sent to neutral countries to purchase goods. There are stories of the Vatican bank helping Germany to launder and store gold as well as the German gold train buried in a tunnel in Poland and secret gold transfers to Argentina. Those stories are undocumented and have been the subjects of speculation for decades.

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Casting Off The EU Millstone

Introduction

It should have been no surprise that Boris Johnson is now Prime Minister. It should also be no surprise he will implement Brexit on 31 October, the last date agreed between Mrs May’s government and the EU. Johnson was elected by Conservative constituency members to do just that. His cabinet appointees are fully supportive, including ex-Remainers (that’s politics!) and he has appointed an aggressive rottweiler, Dominic Cummings, as his Brexit enforcer. Already, his influence over Brexit strategy can be detected. There are no compromises to be had, a point which slower minds in the commentariat find difficult to comprehend and accept.

It is likely there will be an agreement on the way forward after Brexit, which could involve a transition period, but nothing like that agreed with Mrs May. If, as seems unlikely, the EU digs its heels in, the UK will walk away. That is the message being given by the new administration.

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Europe Circumvents U.S. Sanctions On Iran

By Frances Coppota – Re-Blogged From Forbes

Europe has found a way of circumventing U.S. sanctions on Iran. The governments of France, Germany and the United Kingdom have developed a special purpose vehicle (SPV) to enable European businesses to maintain non-dollar trade with Iran without breaking U.S. sanctions. That SPV, known as INSTEX, is now up and running.

The three governments announced the successful implementation of INSTEX at a meeting of the Joint Commission of the Joint Comprehensive Plan of Action (JCPOA) on June 28, 2019. The meeting was chaired on behalf of the EU by the Secretary General of the European External Action Service (EEAS), Helga Schmid, and was attended by representatives of China, France, Germany, Russia, the United Kingdom, and Iran.

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Russia Will Be Ruined by the Clean Energy Transition

By Eric Worrall – Re-Blogged From WUWT

According to Forbes, when renewable energy programmes like Germany’s Energiewende mature, demand for Russian fossil fuel will collapse.

Will Russia Survive The Coming Energy Transition?

Jun 27, 2019, 10:35am
Ariel Cohen Contributor

A new global energy reality is emerging. The era of the hydrocarbon – which propelled mankind through the second stage of the industrial revolution, beyond coal and into outer space – is drawing to a close. The stone age ended not because we ran out of stones. The same with oil and gas.

World Energy Consumption
World Energy Consumption. By Con-structBP Statistical Review of World Energy 2017, CC BY-SA 3.0, Link

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Most Germans do not compromise on holidays for climate:survey

From Xinhua – Re-Blogged From WUWT

BERLIN, June 18 (Xinhua) — A large majority of Germans said that the current climate debate has no influence on this year’s holiday plans, a survey conducted by the opinion research institute Civey on behalf of Spiegel Online on Tuesday showed.

More than 70 percent of the 5,000 Germans that were part of the sample group for the representative survey stated that the current climate debate had no impact on their holiday plans for 2019.

11.8 percent of Germans surveyed said that they would refrain from travel by air in view of the climate debate this year. About three percent of the respondents said they had abandoned plans for travelling on a cruise ship.

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Why Germany’s Green Party Is So Strong: A Wake-Up Call

By Rainer Zitelmann & Tichys Einblick – Re-B;ogged From GWPF

The Greens have long been defining the cultural and political agenda in Germany. The more the other parties have been currying favour with them, the stronger the Green Party has become: voters now choose the original, not the imitators.

“On many issues today, the Greens are setting the direction, then the SPD follows and finally the Christian Democrats follow, lagging behind with a clear delaying effect … The Green Party’s impact goes far beyond their involvement at state government level and their successes documented in elections. More importantly, the Green Party succeeds time and time again in determining the political agenda and assuming opinion leadership in public debate. This can only happen, however, because they have an above-average number of sympathizers in the media and because the ranks of their natural challengers, i.e. the Christian Democrats (CDU), have softened and leading CDU politicians have adopted key positions of the Greens.”

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Weekly Climate and Energy News Roundup #361

The Week That Was: By Ken Haapala, President, SEPP

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

Quote of the Week: “It is a pleasure to stand upon the shore, and to see ships tost [sic] upon the sea: a pleasure to stand in the window of the castle and to see the battle and the adventures thereof below: but no pleasure is comparable to the standing upon the vantage ground of truth ( a hill not to be commanded and where the air is always clear and serene), and to see the errors, and wanderings, and mists, and tempests, in the vale below. – From Of Truth, Francis Bacon [H/t Numberwatch, hopefully returning]

Number of the Week: 5 million tonnes per annum (MTPA) of LNG, which is equal to about 0.7 billion [standard, normal temperature and pressure] cubic feet per day (Bcf/d) of natural gas

The Greenhouse Effect –Atmospheric Layers: The atmosphere is divided into distinct layers and the altitude of the layers depends on the latitude, the distance from the equator. One could think of an oval shape with the thickest (elongated) part being above the equator. (Seasonal variation will be ignored in this section.)

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Slowdown Confirmed

By Mike Savage – Re-Blogged From Gold Eagle

I have had a rough time for the last few weeks coming up with commentary that has anything new to say. It seems that we are bombarded day after day with talk of trade wars, tariffs and counter-tariffs.

Just today, April retail and industrial production numbers came out in China and in the USA. To say the least, the numbers were uninspiring at best.

In the USA retail sales for April contracted 0.2%. Much of the weakness was in auto sales because taking the auto numbers out there was a .1% gain in April. Electronics and building materials also fell. US industrial production, which has been stagnant all year, was not expected to grow in April either. It still surprised on the downside contracting 0.5%. That is the largest monthly drop since May of 2018.

Durable consumer goods dropped 0.8%. What caught my eye, however, was production decreased for business equipment, construction supplies and business supplies. This appears to confirm that 500,000 less people are actually working today than were at the beginning of 2019 even though we have “full employment”. What a joke that is! The only reason production wasn’t hurt worse was an increase in defense and space equipment materials.

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Germany Tests its First ‘Electric Highway’ for Trucks

By Jon Fingas – Re-Blogged From From Engadget

Germany is joining the ranks of those countries betting on “electric highways” to foster eco-friendly trucking. The country has started real-world tests of an eHighway system on a 3.1-mile stretch of the Autobahn between Frankfurt and Darmstadt, with an electric-diesel hybrid truck merging into everyday traffic while it received power from overhead cables to keep it from using its combustion engine. Earlier tests in the country relied on either slow nighttime tests or the safety of an unused military airfield.

The very first eHighway launched in Sweden in 2016. The concept here is the same — the trucks use pantographs (the pickps on their roofs) to latch on to the overhead cables and draw electricity. Trucks can feed electricity into the grid when they brake, making the system particularly useful if there’s ever a jam.

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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?

EU Dumps 2050 Climate Alarmist Commitments

By Larry Hamlin – Re-Blogged From WUWT

In a spectacular climate alarmist policy failure the EU dumped its “carbon neutrality by 2050” commitment and targets driven by the sacred but highly arbitrary and unsubstantiated 1.5 degree C global temperature “limit” and ended its Brussels summit with no climate commitments or targets for year 2050.

clip_image002

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Wind Turbine Infrasound as a Weapon

Re-Blogged From WUWT

Description: Industrial wind turbine infrasound is not the best weapon, but it is a weapon. This German video documents the harmful effects of the infrasound produced by industrial-sized wind turbines. The dangers of infrasound have been known since the 1980s when the U.S. military heavily invested in infrasound (below 20 Hz) as a weapon.

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EU Monetary And Economic Failures

By Alasdair Macleod – Re-Blogged From Gold Eagle

Introduction and summary

The monetary, financial and political weaknesses of the EU are about to be exposed by the forthcoming global credit crisis.

This article assumes the combination of end of credit cycle dynamics and the rise in trade protectionism in 1929 is a valid precedent for gauging the scale of a developing global credit crisis today, as described in my earlier article published here. Then, it was heavier tariffs coinciding with a less destabilising inflation cycle than we face today, a combination that saw stock markets collapse. Today, we have the additional factors of far greater monetary inflation, far higher levels of government debt, low savings coupled with record consumer borrowing, and unbacked fiat currencies likely to lose purchasing power instead of gold-backed currencies which increased their purchasing power.

Declining international trade has already become evident in only a few months, and prescient observers detect early signs of a rapidly developing global recession. In response, the ECB has announced it will target lending to non-financial businesses with its TLTRO-III programme from September onwards.

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Powell’s Testimony & The ECB Meeting?

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

Powell’s testimony before the Congress is behind us. The ECB meeting is ahead of us. Will Draghi support the gold prices after recent declines?

Gold Falls Below $1,300

Gold bulls might be disappointed. The upward trend apparently ended. As one can see in the chart below, gold fell below $1,300 on Friday.

Chart 1: Gold prices from March 1 to March 4, 2019

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France Just Saved Nord Stream 2?

By Dave Keating – Re-Blogged From Forbes

A ceremony marking the start of Nord Stream pipeline construction in 2010 (Dmitry Lovetsky, ASSOCIATED PRESS)

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Germany Could Slow Phase-Out of Coal

Re-Blogged From VOA News

Germany’s phasing out of coal-fired power stations could be delayed beyond 2038 if the deadline creates problems for the security of electricity supply, a senior legislator in Chancellor Angela Merkel’s party said.

The phase-out, proposed last Saturday by a commission tasked with mapping out Germany’s transition to a more environmentally friendly low-carbon economy, drew criticism from some in industry who fear the impact of higher energy prices.


FILE - Water vapor rises from the cooling towers of the Jaenschwalde coal-fired power plant of Lausitz Energie Bergbau AG in Jaenschwalde, Germany, Jan. 24, 2019.
FILE – Water vapor rises from the cooling towers of the Jaenschwalde coal-fired power plant of Lausitz Energie Bergbau AG in Jaenschwalde, Germany, Jan. 24, 2019.

Currencies Threatened By A Credit Crisis

By Alasdair Macleod – Re-Blogged From Gold Money

In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, and there are the inflationary events that preceded it. The principal difference today is in modern macroeconomic delusions, which hold that regulating inflation of money and credit is the solution to all ills. I conclude that economic salvation can only come from ditching today’s macroeconomic theories and by returning to monetary stability through credible gold exchange standards.

Introduction

There is an assumption in economic circles that when the general level of prices changes, it is always due to changes in supply and demand for goods and services. Prices change all the time, but without a change in the public’s preference for or against holding money and with all else being equal, the general level of prices simply cannot change. Changes in the general level of prices are due to changes in the purchasing power of the money, which stems from the public’s preferences for or against it and do not emanate from goods and services.

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