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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China says it ‘expelled’ U.S. Navy vessel from South China Sea

By Adela Suliman – Re-Blogged From NBC News

China’s military said it “expelled” a U.S. navy vessel from the hotly contested waters of the South China Sea this week. It said the “USS Barry” had illegally entered China’s Xisha territorial waters on Tuesday.

U.S. officials disputed the account.

A spokesman for the Department of Defense disputed Beijing’s account, saying “at no point were U.S. warships ‘expelled.'”
Image: The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations

The Arleigh-Burke class guided-missile destroyer USS Barry (DDG 52) conducting underway operations on Tuesday in the South China Sea.US Navy/Samuel Hardgrove / AFP – Getty Images

China is Bankrolling Renewable Projects Around the World

By Eric Worrall – Re-Blogged From WUWT

According to Time Magazine, China is increasingly participating in the financing of renewable energy projects, as well as provision of renewable infrastructure. But something ugly is happening behind the scenes.

China Is Bankrolling Green Energy Projects Around the World

Perched on the ochre scrub of Argentina’s sunbaked Puna Jujeña plateau, the $400 million Cauchari power station is the world’s highest-altitude solar farm at 13,000 ft (about 4,000 meters) above sea level. In Kenya’s volcano-strewn Rift Valley, a newly green-lit, super-efficient electrical substation will soon funnel clean power from the nearby Olkaria Geothermal Plant about 50 miles (80 km) to downtown Nairobi. Some 14 miles off blustery northeastern Scotland, Moray East is set to become the world’s largest offshore wind farm, helping to heat and light up to a million homes.

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Solar Power From Australia to Light up Singapore

By K.G. Chan – Re-Blogged From Asia Times

The desert outside Tennant Creek in Australia’s Northern Territory may hold the key to addressing Singapore’s future electricity supplies.

The world’s largest solar farm that could light up Singapore’s glittering shopping malls and office towers will be built on the barren dunes there.

It was reported that a huge amount of panels as well as supporting battery storage devices with a combined capacity of 10 gigawatts would be spread across 15,000 hectares of land there to ensure the solar farm could make the most of the outback’s clear skies and bright sunshine.

 

Solar power from Australia to light up Singapore

A solar farm in Australia. The nation has the best renewal energy mix in the developed world. Photo: Twitter

Indonesia Threatens to Withdraw From Paris Agreement Over Palm Oil

Re-Blogged From Telesur

Indonesia’s Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan referenced the U.S. and Brazil’s withdrawal from the agreement.

As the European Union proceeds with a plan to ban crude palm oil (CPO) from use in raw bio-fuel materials, the government of Indonesia is threatening to back out of the Paris Agreement under the United Nations Framework Convention on Climate Change.

The European Commission has approved acts that classify CPO as a non-sustainable product, removing it from a list of raw materials for the eco-friendly transport fuel. The European Union’s parliament will decide in a couple of months whether or not this classification will be enforced by 2030.

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Singapore’s Highly Successful Economic Evolution

By Larry Hamlin – Re-Blogged From WUWT

Singapore is an independent city/state republic located on the coast of the Straights of Singapore between the Indian Ocean and the South China Sea at the southern most tip of the Malay Peninsula.

The Republic was created in 1965 and since then has undergone at times a tumultuous but more recently a significant and spectacular economic, land development, educational, residential, commercial and industrial business evolution.

This evolution has been made possible by the massive and successful efforts to increase its available land by reclaiming these lands from the sea and powered by increased fossil fuel energy driven economic development.

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