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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