Solar Energy Badly Harms the Environment

By Sanjeev Sabhlock – Re-Blogged From Times of India

The Modi government has been shovelling scarce taxpayer resources into solar energy, with a further $6.5 billion promised till 2022. This is over and above indirect subsidies that people pay through higher electricity bills because of renewable energy certificates. And while Donald Trump did the right thing by walking out of the Paris Agreement, Mr Modi unthinkingly remains committed to it and Niti Ayog has been touting subsidised electric vehicles.

Our party disagrees with this approach. First, because we oppose subsidies for any industry. But second, because we believe there is a strong case to impose Pigovian taxes on solar energy given the economic and environmental harm it causes.

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Wary of China, Modi Courts India’s Neighbors

Re-Blogged From Stratfor
Highlights
  • China’s Belt and Road Initiative will compel India to deepen its engagement with its neighbors under Prime Minister Narendra Modi’s “Neighborhood First” policy, as peripheral nations in South Asia seek to maximize their benefits from the competition between Beijing and New Delhi.
  • Because India wishes to maintain its regional influence to guarantee national security, it will prioritize investment and diplomatic overtures to countries like the Maldives, Sri Lanka, Bhutan, Nepal and Bangladesh.
  • But as India seeks to cultivate its influence on the periphery, it will find it difficult to compete with China and its Belt and Road Initiative given Beijing’s superior access to capital through state-owned enterprises.
Indian Prime Minister Narendra Modi and Maldivian President Ibrahim Mohamed Solih shake hands before a meeting on Dec. 17, 2018, in New Delhi.
(SANJEEV VERMA/Hindustan Times via Getty Images)

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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U.S. Media Conceal 4.5+ Billion Tons Increase of CO2 by Developing Nations – Push Meaningless “Sustainability” Propaganda Agenda

By Larry Hamlin – Re-Blogged From WUWT

In the politically contrived climate alarmist propaganda campaign by the U.S mainstream media there is no limit to the degree of distortion, deception and dishonesty employed in attempts to conceal from the public the reality of global energy use and resulting emissions that is underway in the world that clearly demonstrates their propaganda war of alarmism is already lost.

Global energy and emissions data through year 2018 documents that the world’s developing nations have increased CO2 emissions by over 4.5 billion metric tons during the last decade and now account for 64% of the global emissions total.

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The Third World Is Imploding

In this interview with Maurice Jackson of Proven and Probable, Jayant Bhandari presents his world view and discusses how it meshes with investment in the precious metals markets.

Maurice Jackson: Joining us for a conversation is Jayant Bhandari, the founder of the world-renowned Capitalism and Morality seminar, and a highly sought-out advisor to institutional investors. Mr. Bhandari, welcome to the show, sir.

Jayant Bhandari: Thank you very much for having me, Maurice.

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India Reacts To Depressed Silver Prices

By Ted Butler – re-Blogged From Silver Phoenix

Several recent articles have highlighted a surge of silver imports to India, prompting me to take a closer look. India has always been a big buyer of silver and gold, befitting the traditions and culture of the country with the world’s second largest population. The population of India, more than 1.3 billion citizens, is now only about 50 million less than that of China. Combined, both countries make up 35% of the total world population (7.7 billion) and have always been large buyers and holders of gold and silver. Together, India and China absorb close to 50% of total world gold and silver mine production.

One big difference between India and China is that the gold and silver buying in India is largely a grassroots phenomenon, emanating from the general population due to deep-rooted customs and traditions; where the buying from China is predominantly from official sources (similar to the gold buying by Russia). To me, this makes the gold and silver buying from India more “free market” and price-sensitive in nature because the more participants in any market, the freer the market is by definition. The many tens and even hundreds of millions of gold and silver buyers from India make the markets there the freest of all.

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Global Manufacturers Just Shrank For The First Time in 7 Years

Perhaps surprising no one, global manufacturers are now in contraction mode for the first time since 2012. That’s according to the most recent reading of the sector’s health, the purchasing manager’s index (PMI), which headed lower for a record 13th straight month in May. The PMI posted 49.8, down from 50.4 a month earlier. As a reminder, anything above 50.0 indicates expansion; anything below, contraction.

Less than half of world economies’ manufacturing sectors are expanding right now, “the worst showing since the throes of the euro area sovereign debt crisis in 2012,” according to analysis by Neil Dutta, head of economics at Renaissance Macro Research (RenMac).

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