Suddenly, “De-Dollarization” Is A Thing

By John Rubino – Re-Blogged From Dollar Collapse

For what seems like decades, other countries have been tiptoeing away from their dependence on the US dollar. China, Russia, and India have cut deals in which they agree to accept each others’ currencies for bi-lateral trade while Europe, obviously, designed the euro to be a reserve asset and international medium of exchange.

These were challenges to the dollar’s dominance, but they weren’t mortal threats.

What’s happening lately, however, is a lot more serious. It even has an ominous-sounding name: de-dollarization. Here’s an excerpt from a much longer article by “strategic risk consultant” F. William Engdahl:

Continue reading

Advertisements

China to Ban Gasoline Powered Passenger Cars (Maybe)

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

The purveyors of greenschist (a geologically inspired euphemism for green sh!t) seem to have an obsession with a phrase that they clearly do not comprehend: Tipping point.

Electric Cars Reach a Tipping Point

David Fickling

Sep 10, 2017

Say goodbye to gasoline. The world’s slow drift toward electric cars is about to enter full flood.

China, one-third of the world’s car market, is working on a timetable to end sales of fossil-fuel-based vehicles, the country’s vice minister of industry and information technology, Xin Guobin, told an industry forum in Tianjin on Saturday. That would probably see the country join Norway, France and the U.K. in switching to a wholly electric fleet within the lifetime of most current drivers.

[…]

Bloomberg Gadfly

Continue reading

Oil Rich Venezuela Stops Accepting Dollars

By Mark O’Byrne – Re-Blogged From http://www.Silver-PHoenix500.com

  • President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,”
  • Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil
  • Order comes following calls from Russia and China to find alternatives to current reserve system
  • U.S. Dollar accounts for two-thirds of global trade
  • Venezuela has over ten-times more oil than United States
  • Super powers are gradually turning to gold to avoid using world’s main reserve currency
  • Are we seeing the beginning of the end for the U.S. dollar?

Continue reading

Hear the Cry of the Poor!

By Christopher Monckton of Brenchley – Re-Blogged From http://www.WattsUpWithThat.com

Open letter on behalf of the worldwide Catholic and Orthodox lay faithful in response to Pope Francis and Patriarch Bartholomew on climate change

A FALSE BALANCE is abomination to the Lord, but a just weight is His delight (Prov. XI:1).

Your Holinesses’ recent admonition to your flocks about climate and the environment, though it was at one level a practical attempt at rapprochement between two faiths whose religious beliefs are in essence identical, demonstrated a naïve, unbalanced, scientifically ill-informed, disfiguringly totalitarian and, therefore, environmentally destructive political partisanship that it was and remains Your Holinesses’ bounden duty to eschew.

clip_image002

Unrighteous write-off: signing away the rights of the poor

Continue reading

So What Happened to Integrity?

By John Ridgway – Re-Blogged From http://www.WattsUpWithThat.com

My father, when he was alive, used to be a wire rope salesman. In that capacity he would tour the coalmines of the North of England, trying to sell the cables by which colliers would be lowered into their abyss. One day during the early 1980s, when prime minister Margaret Thatcher was at her zenith, he returned from work to reveal a startling fact:

“I can predict which coalmine is the next to be closed down,” he proclaimed. We all sat back and listened obediently.

Continue reading

Weekly Climate and Energy News Roundup #282

The Week That Was: August 26, 2017 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

###################################################

Quote of the Week. “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he already knows, without a shadow of a doubt, what is laid before him.” – Leo Tolstoy, 1894

###################################################

Number of the Week: 1,000,000 atomic bombs exploding per day

###################################################

History of Climate Change: In the second edition of “Climate, History, and the Modern World”, climate change research pioneer H.H. Lamb expressed disappointment with the direction the Climatic Research Unit (CRU) at the University of East Anglia was taking. Lamb had worked diligently to establish the unit to understand the causes of climate change, both warming and cooling, before any undue influence from increased

Continue reading

Cabot Oil And Gas Declines To Play Sue And Settle

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

 

960x0

A Cabot Oil & Gas sign stands at the entrance to a natural gas well drilling site in Dimock, Pennsylvania. Photographer: Daniel Acker/Bloomberg

There is a great, overriding bias in corporate America that favors entering into settlement agreements in litigation rather than engage in the trial process.  The oil and natural gas industry is no exception to this corporate inertia.

Continue reading