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.
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.
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.
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
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.