On UK Climate Policies

By Neil Lock – Re-Blogged From WUWT

“I’d expect that some probing by independent experts into the economic calculations, and the assumptions on which they are built, might bear fruit.” But where are these calculations, and who are the unbiased experts who have quality controlled them? I couldn’t find any such calculations, or the names of any such experts. Perhaps, I thought, I’d better take a look at this myself.

So, I set out to learn as much as I could about the economic calculations which – so we’re supposed to believe – justify the extreme measures proposed, all the way up to total de-carbonization of the UK economy, to avoid alleged catastrophic damage from global warming. This essay is the result of that exercise. If it reads like a cross between a layman’s guide to the economics of global warming and a political rant, that’s because it’s both!

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COMEX Gold EFP Use Surges

By Craig Hemke – Re-Blogged From Gold Eagle

If you’re a regular reader of these pages, you may recall that we’ve been documenting the ongoing fraud of “Exchanges For Physical” for the past several years. With trading volumes surging during these turbulent times, EFP use is surging again, too. Thus it’s time for an update.

Let’s start as we often do with a list of links to previous posts on this subject. You might note the first one is dated nearly two years ago:

• https://www.sprottmoney.com/Blog/comex-exchanges-f…

• https://www.sprottmoney.com/Blog/comex-efp-use-con…

• https://www.sprottmoney.com/Blog/more-on-comex-exc…

• https://www.sprottmoney.com/Blog/exchange-for-phys…

At Eric Sprott’s urging in late 2017, we began to record daily the total number of COMEX contracts “Exchanged For Physical”. As noted in the fourth link posted above, the two-year total for these alleged exchanges from COMEX contracts in New York to physical gold in London EXCEEDED 14,000 METRIC TONNES. That’s physically impossible, as there is nowhere near that amount of unencumbered physical gold in London…or Hong Kong…or Dubai…or anywhere else on the planet.

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Climate Change Refugees

By Willis Eschenbach – Re-Blogged From WUWT

I keep reading over and over about the world’s “First Climate Change Refugees”. As near as I can keep count, we are already up to the Ninth First Climate Change Refugees, and we’ve seen … well … none. Links to my previous posts, each discussing one of the earlier winners of the Annual First Climate Change Refugees Prize are in the endnotes.

So I had to laugh when I saw the following story from the reliably climate alarmist BBC.

Let’s be clear about the violence that they are doing to both logic and the English language. They are declaring people as being “refugees” from a possible disaster foretold for the year 2054! That’s hilarious!

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Independence And Its Consequences

Britain left the EU on the last day of January and is an independent nation once more. The new Johnson government is confident that Britain will do well outside the EU. Free trade will be embraced, and a no-deal outcome, now dubbed an Australian trade relationship, holds no fears for the British government.

This article summarises the political and economic consequences of this historic moment. The fly in the ointment is there is no sign that Britain’s government understands the importance of sound money, which will be crucial in the event a global economic and financial credit crisis materialises.

Independence and trade negotiations

Having given independence to all its colonies, now it’s Britain’s turn. On 1 February the UK became politically independent and entered an eleven-month transition period while trade terms with the EU and other trading nations are negotiated, with the objective of entering 2021 with freedom to trade without tariffs with as many nations as possible. If Britain succeeds in its initial objectives these trade agreements will include not only the EU but also America, Japan, South Korea, Canada, Australia, New Zealand, the other trans-Pacific Partnership nations and a host of sub-Saharan African nations in the Commonwealth. It amounts to about two-thirds of the world measured by nominal GDP, of which only 21% is with the EU.

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Irrational Fears Of Deflation

The benefits of a deflation of prices brought about by a combination of sound money and markets free from government intervention have been demonstrated to be the best economic environment, the denial of which in favour of inflationary financing has led to repeated monetary and systemic failures.

This article explains how this has come about and puts the record on deflation straight. The development of macroeconomic theory had to deny the benefits of a deflation of prices, unbelievably telling us we need higher prices to stimulate our consumption.

Deflation and investment funded by savings is a far better, natural economic environment than the false gods of easy debt and money printing. There can be no return to the stability of gentle price deflation without seismic shifts in economic thinking and government responsibilities.

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Rolls-Royce Is Building Tiny Nuclear Reactors

Lil Nuke

Rolls-Royce doesn’t just manufacture luxurious cars — it’s also involved in futuristic projects ranging from electric planes to laser weapon systems.

Now, the company is eyeing two sites for tiny nuclear power stations it calls “small modular reactors,” Popular Mechanics reports, in Wales and northern England — a program the UK government committed to funding in July 2019.

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Iran Makes Arrests Over Plane Disaster as Protests Rage on

Iran said on Tuesday it had arrested people accused of a role in shooting down a Ukrainian airliner and had also detained 30 people involved in protests that have swept the nation since the military belatedly admitted its error.

Wednesday’s shooting down of Ukraine International Airlines flight 752, killing all 176 people aboard, has led to one of the biggest public challenges to Iran’s clerical rulers since they took power in the 1979 Islamic revolution.

Protesters demonstrate in Tehran, Iran January 11, 2020 in this picture obtained from social media by Reuters via Reuters

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