Weekly Climate and Energy News Roundup #364

The Week That Was: June 22, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

The Greenhouse Effect – It’s Simple Physics – NOT: One of the disturbing characteristics of many politicians, “experts” on climate science, and even established scientific organizations is to talk about the greenhouse effect as simple physics. It is not. It is a complex process that has been ongoing for billions of years with varying concentrations of atmospheric gases, that have changed significantly. Human emissions of carbon dioxide are not changing the atmosphere to something that has not existed before. One cannot be certain, but the early atmosphere may have been mostly of carbon dioxide, along with smaller amounts of methane, ammonia, nitrogen and water vapor. Today, “dry” atmosphere (from which all water has been removed) is about 78% nitrogen, 21% oxygen, 1% argon and 0.4% carbon dioxide. (Due to rounding, numbers may not equal 100%.)

Of course, dry air only exists in a laboratory, and any calculations based on dry air must be verified by observations. Unfortunately, such necessary observations are ignored by the UN Intergovernmental Panel on Climate Change (IPCC) and its followers such as the US Global Change Research Program (USGCRP). Instead, these organizations add an assumed influence of the importance of water vapor, not one based on observations.

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2018’s ‘Short’ Of The Year

By Michael Bllanger – Re-Blogged From http://www.Gold-Eagle.com

There is a famous quote about short-selling that comes from Olde English business folklore that goes something like this:

“He who sells what isn’t his’n.
Must deliver or goes to prison!”

That old horse chestnut was used to frighten the Rothchildian short-sellers that used to hang out on the old New York “curb” back before governments and influence- peddling lobbyists conspired to change the rules. I used to love to find overvalued stocks or commodities and get our trading desk to call over to the loan post to see what it would cost to borrow a few thousand shares of some pumped up bowser of a stock and then attempt to catch it on an uptick in order to sell it. The entire concept was rather civilized because everyone would know that there was a highly visible bear out there trying to get short something and invariably, the principals like the CEO or CFO would find out and then the ancient game of cat-and-mouse would begin.

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Illinois’ Debt Crisis Foreshadows America’s Financial Future

By Clint Siegner – Re-Blogged From http://www.Silver-Phoenix500.com

Those wanting a glimpse into the future of our federal government’s finances should have a gander at Illinois. The state recently “resolved” a high-profile battle over its budget. Taxpayers were clubbed with a 32% hike in income taxes in an effort to shore up massive underfunding in public employee pensions, among other deficiencies.

But, predictably, it isn’t working. People are leaving the state in droves.

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Crisis Investing in Brazil

By Doug Casey – Re-Blogged From International Man

Editor’s Note: Brazil is in crisis once again.

This time, Brazil’s president, Michel Temer, has been accused of corruption, bribery, and obstruction of justice.

When news of this scandal broke, it triggered a huge selloff in Brazilian stocks. The iShares MSCI Brazil Capped ETF (EWZ), which tracks Brazil’s stock market, plummeted 18% in one day. It was the fund’s worst day since the 2008 financial crisis.

Most investors now want nothing to do with Brazilian stocks. But we’re not like most investors. We understand crises can actually lead to huge moneymaking opportunities.

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