Too Much Climate Research Money Being Spent on Science

By David Middleton – Re-Blogged From WUWT

I couldn’t make this sort of schist up if I was trying…

Very little money is actually spent on climate research
Researchers have looked at where USD 1.3 trillion in research funding is spent across the globe. Less than 5 per cent of this money has gone to climate research. Studies that examine how society can cope with the climate of the future are given a very small share of this pot.

Ulla Gjeset Schjølberg
JOURNALIST

Nancy Bazilchuk
ENGLISH VERSION

PUBLISHED Friday 07. February 2020

In a recent study, researchers at the Norwegian Institute of International Affairs (NUPI) and the University of Sussex reviewed how much of US 1.3 trillion (NOK 11.4 trillion) in research funding is dedicated to climate research.

Continue reading

The Days the Music Died

The music died many times in the past. To name a few:

  • 1929 Market crash
  • 1933 President Roosevelt confiscates citizen gold and declares it illegal to own more than a few ounces.
  • 1971 President Nixon “closed the gold window” and severed the last link between the devaluing dollar and gold.
  • 1987 Stock market crash
  • 2000 Stock market and “dot-com” crash
  • 2008 Stock market and housing crash
  • 2019? Stock market and “everything bubble” correction/crash
  • 2020-2025? “Inflate or Die” QE, bond monetization, helicopter dollars etc.

Continue reading

Borrowing, Spending, and Sustainability

  By Bob Shapiro

Keith Weiner blogged recently explaining how borrowing to consume is a bad thing. Nice job Keith.

However, extending Keith’s arguments, it would imply that any consumption makes us poorer. Do you really need to trade in your 10 year old car when it’s still doing a fine job getting you where you want to go?

Keith makes the distinction between borrowing to consume but I don’t see it. Consuming is consuming. It’s only in the aggregate that the situation makes a difference.

Continue reading

US Budget Deficit And Interest

By David Haggith – Re-Blogged From Gold Eagle

“Black Swan” Author Just Issued a Powerful Warning About Global Debt

By Frank Holmes – Re-Blogged From Gold Eagle

The world is more fragile today than it was in 2007. That’s the opinion of former derivatives trader Nassim Taleb, whose bestseller, The Black Swan, is about how people make sense of unexpected events, especially in financial markets. True to form, he made a whole lot of money after predicting the global financial crisis more than a decade ago.

Speaking with Bloomberg’s Erik Schatzker last week, Taleb said the reason why he has reservations about today’s economy is that it suffers from the “same disease” as before. The meltdown in 2007 was a “crisis of debt,” and if anything, the problem has only worsened.

Continue reading

Greatest Demographic Shift In History

By Marin Katusa – Re-Blogged From Silver Phoenix

The economy depended on the spending habits of baby boomers the last three decades.

The success and failure of many companies depended on the spending habits of those same baby boomers.

It was all about the baby boomers.

Continue reading