Slow Recovery From Virus Unlikely To impede Strong Demand For Metals

By Rick Mills – Re-Blogged From Gold Eagle

Daily coronavirus cases may be down in the United States, but that is no reason to be complacent, especially given that cold and flu season is only a few weeks away, says the nation’s top doctor.

In a roundtable discussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that “we need to hunker down and get through this fall and winter, because it’s not going to be easy.” He compared the pandemic to the early days of HIV in terms of how quickly it escalated, and how it might continue to escalate, if current trends of low mask-wearing and social distancing continue. “We’ve been through this before,” he said. “Don’t ever, ever underestimate the potential of the pandemic. And don’t try and look at the rosy side of things.”

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UK Covid-19 Tax Rises Considered, While the UK Squanders Billions on Renewable Energy

By Eric Worrall – Re-Blogged From WUWT

The British Government is reportedly considering tax rises of £30 billion+ to plug the hole in the government budget created by the Covid-19 lockdown.

My question – instead of punishing ordinary people by raising £30 billion of new taxes, why doesn’t the British Government plug their budget shortfall by cutting £30 billion of useless expenditure, by cancelling all subsidies for renewable energy, the foreign aid guarantee, and other assorted big government boondoggles?

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Boris Johnson Pledges to Change Hong Kong Immigration Rules if China Passes Law

By Uzair Ahmed (View on Facebook at www.facebook.com/TheZair

Boris Johnson pledged to allow millions of Hong Kong residents to seek refuge in the UK if China passes a new national security law. While this decision opens the door of opportunities for Hong Kongers, it leaves many questions unanswered about how challenging it would be for these migrants to get British citizenship.

According to Mr. Johnson, “Britain would have no choice but to uphold our profound ties of history and friendship with the people of Hong Kong”.

If China imposes its national security law, the British government will change our immigration rules and allow any holder of these passports from Hong Kong to come to the UK for a renewable period of 12 months and be given further immigration rights, including the right to work, which could place them on a route to citizenship,” he added.

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Wind Energy in Scotland

By David Redfern – Re-Blogged From WUWT

I was invited by Charles the Moderator to write an essay with the emphasis on Scottish wind derived electricity.

I’m not a scientist, nor an engineer, in fact barely educated beyond high school, so, whilst you won’t get ‘shorthand’ scientific terms here, you will get something laymen can grasp, hopefully.

And that’s important as, whilst there are a small number of scientists/engineers etc. in the world, the majority of voters are like me, just plain old laymen and the subject of climate change is now political so every voter is vital.

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You Can’t Just Print More Gold

By Frank Holmes – Re-Blogged From Gold Eagle

“I think there is a strong likelihood we will need another bill.”

That’s according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus—within reason.

The secretary’s statement comes after the House passed a record-shattering $3 trillion relief package, though leaders in the Senate have said they will not put it up for a vote. Senate Majority Leader Mitch McConnell has made it clear that the next coronavirus bill “cannot exceed $1 trillion,” according to reporting by Axios.

Even so, the U.S. government’s response is already massive, dwarfing anything that’s come before it.

Low Electricity Demand and System Balancing Problems during The UK’s Coronavirus Lockdown

By Dr John Constable – Re-Blogged From GWPF

The restrictions on economic and personal activity imposed to address the spread of the coronavirus are reducing electricity demand in the UK to unusually low levels, increasing the difficulties of operating the system, particularly in the presence of embedded solar and wind generation.

As a result of the restrictions on economic activity and personal movement, designed to reduce the rate of transmission of Covid-19, there are striking anomalies in the British electricity markets. The following chart, drawn by the author from BM Reports data, shows daily electrical energy (GWh) transmitted over the network, and gives evidence of a substantial fall in electricity consumption. Domestic consumption may be rising as a result of the Stay at Home policy, but it is nowhere near offsetting the fall in industrial and commercial consumption.

Figure 1: Daily electrical energy (GWh) transmitted over the British electricity network, from 1st of January to 23rd April 2020 (red line), compared to the historical norm (grey line). Source: Chart by the author, data from BM Reports.

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Excess Costs of UK Weather Dependent Renewable Energy

Re-Blogged From WUWT

Summary

These straightforward calculations are intended to answer the simple question:

“roughly how much would it cost to generate the same amount of power as is produced by the present fleet of UK Weather Dependent Renewables, using conventional generation technologies, (Nuclear or Gas-firing) ? and how do those figures compare ?”.

Accordingly the post quantifies the scale of the fiscal waste and the burdens on utility bills attributable to the use of UK Weather Dependent Renewables as in 2019.  The approximate long-term cost commitment is ~250 £billion according to these calculations.  The present long-term cost estimate for the UK Weather Dependent Renewables fleet amounts to about twice the annual, cost of the NHS or about 11% of annual UK GDP.  As can be seen later these estimates show that using Weather Dependent Renewables costs about 12 times as much as using Natural Gas and about 3 times as much as Nuclear power.

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The Chinese-virus lockdowns that have done their job

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

In Italy and Spain, two of Europe’s hardest-hit nations, the compound daily growth rates in cumulative cases of Chinese-virus infection have fallen to 2.8% and 3.4% respectively. The lockdowns in these two countries are, for the first time, being eased.

clip_image002

Fig. 1. Mean compound daily growth rates in confirmed cases of COVID-19 infection for the world excluding China (red) and for several individual nations averaged over the successive seven-day periods ending on all dates from March 28 to April 12, 2020. A link to the high-definition PowerPoint slides is at the end of this posting.

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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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BBC: Blend 20% Hydrogen in Natural Gas to Reduce Home CO2 Emissions

By Eric Worrall – Re-Blogged From WUWT

Last time someone tried to create a Hydrogen economy – the Hindenburg Hydrogen Explosion Disaster – By Gus Pasquerella – http://www.lakehurst.navy.mil/nlweb/images/1213d.gif, Public Domain, https://commons.wikimedia.org/w/index.php?curid=632191

BBC’s Roger Harrabin and Keele University thinks it would be a great idea to pump vast quantities of hydrogen into people’s homes, to reduce CO2 emissions from gas powered appliances.

Hindenburg Hydrogen Explosion Disaster

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Tips for Saving Money on Air Travel in 2020

By Associated Press – Re-Blogged From Headline Wealth

Summer vacation season will be here sooner than you think, making this a good time to start planning that trip and figuring out how to get the most fun and value for your dollar.

The good news for U.S. travelers is that airfares are around their lowest levels since the federal government started keeping track in 1995. The average domestic ticket price is down more than one-fourth over that time, although some of the price drop is offset by fees on everything from checked bags to aisle seats.

Last week, airlines including American, Delta and United were showing round-trip fares between the New York City area and Paris for under $300 for several dates in February and March. Part of the last week in April was available for just a few bucks more. There were deals between the West Coast and Asia for around $400.

“It’s a great time to be a traveler now,” said Matthew Ma, a co-founder of The Flight Deal. “The seats are tighter, the pitch (between rows) is much tighter, but overall it’s a lot cheaper to fly now than say 10 years ago. How long can the airlines sustain that and still make money, who knows?”

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Margaret Thatcher: The Woman Who Saved Great Britain

Niall Ferguson

You’ve heard her name. You might even have seen a film about her. Bhttps://www.prageru.com/video/margaret-thatcher-the-woman-who-saved-great-britain/ut do you know the whole story of Margaret Thatcher – where she came from, what she stood for, and the impact she had on Great Britain and the world? Renowned historian Niall Ferguson explains how the Iron Lady earned her status as one of the most important and influential women of the 20th century.

Please watch the VIDEO.

CONTINUE READING –>https://www.prageru.com/video/margaret-thatcher-the-woman-who-saved-great-britain/

British Police Admit Electric Vehicles are Useless for Police Work

By Eric Worrall – Re-Blogged From WUWT

h/t Breitbart; Police forces in Britain are facing questions over the waste of millions of pounds purchasing electric vehicles which are not up to the job of chasing criminals or responding to emergency situations.

Police ‘waste’ £1.5MILLION on electric cars that they admit are useless for chasing criminals because they ‘can’t go fast enough or far enough without a battery change’

  • Reports found cars do not meet demands of urgent response or pursuit driving
  • Forces have bought at least 448 environmentally-friendly vehicles to help them 
  • However almost all cars and vans are being used in non-emergency situations
UK Police Lego. Rob Young from United Kingdom [CC BY 2.0], via Wikimedia Commons (image modified)

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More Evidence That a Cold Climate Kills

Re-Blogged From WUWT

From the EARTH INSTITUTE AT COLUMBIA UNIVERSITY and the “Columbia’s press release writers have no shame” department comes this load of tosh presser trying to give readers a lesson on Brexit. On the plus side, the paper shows the MWP being warmer than today on Scotland and says nary a word about “Brexit”.


In ancient Scottish tree rings, a cautionary tale on climate, politics and survival

A 1600s famine with echoes in the age of Brexit

Using old tree rings and archival documents, historians and climate scientists have detailed an extreme cold period in Scotland in the 1690s that caused immense suffering. It decimated agriculture, killed as much as 15 percent of the population and sparked a fatal attempt to establish a Scottish colony in southern Panama. The researchers say the episode–shown in their study to have been during the coldest decade of the past 750 years–was probably caused by faraway volcanic eruptions. But it was not just bad weather that brought disaster. Among other things, Scotland was politically isolated from England, its bigger, more prosperous neighbor that might have otherwise helped. Propelled in part by the catastrophe, the two nations merged in 1707 to become part of what is now the United Kingdom. Such a famine-related tragedy was never repeated, despite later climate swings.

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Post-Brexit Planning

Brexit will be done by the end of next month, when trade negotiations with the EU will begin. Importantly, Britain’s negotiating position has strengthened immeasurably, and the new government is not afraid to use it.

This Conservative government has a greater sense of political and economic direction than Britain has seen in a long time. Unbeknown to the public, not only will the establishment that obstructed Brexit be side-lined, but a slimmed-down post-Brexit cabinet through a network of special advisers lead by Dominic Cummings will revolutionise central government, reducing bureaucracy and refocusing resources on public service objectives instead of wasted on process.

But there is a dichotomy. While both the government and the new intake of MPs lean towards free markets, Cummings and Johnson will increase government intervention to secure their electoral advantage for the future, and to ensure a planned outcome in a world which in following decades will be dominated by new large Asian economies.

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What the Boris Landslide Means for the Climate Debate

By Christopher Monckton of Brenchley – Re-Blogged From WUWT

The fasmunist haters of democracy in Antifa have been rioting in London in protest at the landslide that the voters accorded to Boris Johnson and the Conservative Party in Thursday’s general election.

Like the election of Donald Trump in 2016, the election of Boris Johnson in 2019 demonstrates just how far the totalitarians in the “Democratic” and “Labor” parties have departed from their working-class roots, and how much they hate and fear democracy itself, and how much good reason they have to fear the common sense of the voters – especially those in the working class.

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Excess costs of UK Weather Dependent Renewable Energy: 2018

Reposted from edmhdotme – Re-Blogged From WUWT

Summary:  2018 using Renewable Energy Foundation data

Screenshot 2019-11-22 at 13.17.15.png

In 2018 UK Weather dependent renewables generated some 7.7 Gigawatts of power from an installed fleet of ~34 Gigawatts achieving a satisfactory overall capacity factor for Renewables of ~23%.  The installed fleet cost ~84£billion in capital costs with average costs of ~11£billion/Gigawatt produced in capital costs and ~42£billion/Gigawatt produced long-term.  Because of the comparative capacity factors Offshore wind and Solar PV were roughly equivalent in capital costs at ~15£billion / Gigawatt produced and ~60£billion / Gigawatt produced over the long-term.  The direct comparison in the UK situation with similar measures for traditional generation technologies, Gas-firing and Nuclear, can be seen to be substantially lower above.

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Eastern European Nations Buy And Repatriate Gold Due To Growing Risks To Euro And Dollar

By Mark O’Byrne – Re-Blogged From Gold-Eagle
Prudent leaders in Eastern European countries are repatriating their national gold reserves and diversifying into gold due to geopolitical risks and monetary risks posed to the dollar, euro and pound

Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England and the New York Federal Reserve

Queen Elizabeth tours a gold vault during a visit to the Bank of England

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150 Years Of Bank Credit Expansion Is Near Its End

By Alasdair Macleod – Re-Blogged From GoldMoney

The legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of expansion and collapse of outstanding bank credit.

Erroneously attributed to business, the origin of the boom and bust cycle is found in bank credit. Monetary policy evolved with attempts to control the cycle with added intervention, leading to the abandonment of sound money. Today, we face infinite monetary inflation as a final solution to 150 years of monetary failures. The coming systemic and monetary collapse will probably mark the end of cycles of bank credit expansion as we know it, and the final collapse of fiat currencies.

This article is based on a speech I gave on Monday to the Ludwig von Mises Institute Europe in Brussels.

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UK Plans to Give All Children Full Genome Sequence at Birth

By Dan Robitzski – Re-Blogged From Futurism

The U.K. may start offering full genome sequencing to every child born in the country, an official says.

Health Secretary Matt Hancock sees the future ubiquity of genetic sequencing as a way to offer “predictive, personalized” care for children who have rare diseases and other genetic conditions, according to The Telegraph. While the tests could theoretically improve medical treatment, it also raises a slew of questions about medical privacy, consent, and the future of the human race.

Right now, the U.K. intends to offer full-genome sequencing to every child with cancer by the end of 2019, The Telegraph reports, along with adults who have uncommon types of cancer or other diseases. Hancock hopes, however, to take the initiative even further.

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Global Industrial Slump And Brexit Dance Go On

By Arkadiusz Sieroń – Re-Blogged From Gold Eagle

The Brexit saga continues. Both the U.S. and China’s industrial sectors suffer from the trade war. How will the Fed react to these downside risks tomorrow? The expectation is that it’ll cut rates, but will that really happen? And how will gold take to that?

Brexit Dance Goes On

Last week, we wrote about the Brexit saga, diving into the latest battles between Johnson and Parliament. But the drama has not ended yet. As we concluded one week ago, “Brexit is far from over, and British politics may surprise us again.” Indeed, Johnson wanted to call a snap general election in December to gain more leverage in the House of Commons, but the UK parliament has rejected Johnson’s proposal. For the third time. But Boris does not like losing, so he proposed today a new bill that lowers the number of MPs requires to pass the decision to hold an early election from two thirds to simple majority.

In the meantime, the EU agreed to the Brexit extension until the end of January 2020. Importantly, the EU offered a “flextension,” which means that the UK could leave before the deadline if a deal is approved by the British Parliament. Brexit is still far from concluded and snap elections could significantly change the political landscape. But one thing is sure for now, the possibility of a non-deal Brexit has been postponed until January 31, 2020 at least. This should reduce the safe-haven demand for gold, but also support the pound and euro against the U.S. dollar, gold’s nemesis.

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Climate Protestors are Forcing the Diversion of Crime Investigation Resources

By Eric Worrall – Re-Blogged From WUWT

According to London’s police chief, resources are being diverted from criminal investigations to perform frontline duties, because of the acute manpower shortage caused by having to deal with Extinction Rebellion’s climate protest stunts.

Extinction Rebellion protests cost police £37 million and led to other investigations being shut

Policing the Extinction Rebellion protests has cost Scotland Yard £37million so far this year and has caused other investigations to be closed down.

Metropolitan Police Commissioner Cressida Dick said on Tuesday that the cost of the two-week protest action this month had cost £21million, a bill set to rise by several million pounds.

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French Gold In World War II

By Larry LaBorde – Re-Blogged From Gold Eagle

This story is about one of the world’s largest gold hoards stored in one of the largest most secure vaults ever built. The French stored their 2,500 tons of gold in their secure underground vault in Paris. When the Germans began their offensive, the French started to remove its gold as a precaution. When the Maginot Line was breached and it was clear Paris would be overrun the remaining gold was rushed out of France. The gold traveled over thousands of miles in different directions by ship, train, truck, and airplane during WWII. So grab your Indiana Jones fedora and a globe so you can follow along.

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UK Faces Huge Loss From Electric Vehicle Adoption

If Great Britain keeps its commitment to switch over its vehicles to electric by 2050, the government will see a whopping loss of 28 billion pounds ($35 billion) paid by motorists driving traditional gasoline- and diesel-powered vehicles.

That comes from a study released Friday by London-based Institute for Fiscal Studies examining the impact of the UK’s net-zero greenhouse gas emissions law adopted in June and signed by previous Prime Minister Theresa May. England became the first G7 country to set the goal of reaching zero net emissions by 2050.

Renewable Energy is a Blackout Risk After Blackout

By Helen Cahill For The Mail On Sunday – Re-Blogged From This is Money

  •  Company has downplayed the role of wind energy in the power cut
  • In April a study warned renewable power sources could risk network’s ‘stability’ 
  •  Half UK’s power generated from wind at one point on the day the power failed

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Major Climate Change Review of British Food Production

By Eric Worrall – Re-Blogged From WUWT

The UK government wants academics, industry and the public to provide evidence to a major inquiry into British food, whose mandate appears to have a strong emphasis on considering the climate impacts of current means of food production.

Press release
Public to have their say on the food system of the future

British shoppers will be able to buy environmentally friendly, healthy and affordable food under plans for a radical shake-up of the UK’s food industry.

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Is Your Freight Prepared for Brexit?

By Alina Grace of Haulystic Innovations

Aren’t you getting frustrated listening to different scenarios about Brexit every day? Brexit is around the corner and we still do not have a clear picture on what is going to happen to UK and the world after the 31ST of October, 2019. Logistics is an industry that has adapted to economic and political changes throughout the years.

So, why do we worry about Brexit?

Is the fact that United Kingdom will leave the EU, with or without a deal, so important that will change the landscape of the global supply chain services forever?

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Trump and Johnson Add Unpredictability to French Summit

[Related: Trump offered to buy Greenland from Denmark whose Prime Minister said th idea was “absurd.” -Bob]

By Reuters – Re-Blogged From IJR

Brexit Britain’s overtures to U.S. President Donald Trump risk further complicating the search for common ground this weekend at a Group of Seven summit already clouded by transatlantic rifts over trade, Iran and climate change.

The summit host, President Emmanuel Macron of France, has set the bar low for Biarritz to avoid a repeat of the fiasco last year when Trump threw Canada’s G7 summit into disarray by leaving early, scotching the final communique.

Macron, an ardent europhile and staunch defender of multilateralism, will count on incremental advances in areas where a united front can be presented, with the meeting, which runs from Saturday to Monday, officially focusing on the broad theme of reducing inequality.

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Transport Chaos Across England and Wales After Major Power Cuts

Energy watchdog Ofgem warns it could take ‘enforcement action’ over the outage

Power cuts spark transport chaos in London – video

Large parts of England and Wales were left without electricity following a major power cut that had a serious impact on rail and road services, including city traffic lights.

Passengers were shut out of some of the country’s busiest train stations during the Friday evening rush hour, while hundreds of thousands of homes were left without electricity after what the National Grid described as a problem with two generators.

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Inflationary Financing And GDP

By Alasdair Macleod – Re-Blogged From Gold Eagle

We tend to think of a nation’s accounts as being split between government and the private sector. It is for this reason that key tests of a nation’s economic sustainability and prospects for the currency are measures such as a government’s share of a nation’s economic output, and the level of government debt relative to gross domestic product.

While there is value in statistics of this sort, it is principally to give a quick overview in comparisons with other nations. For a more valuable analysis it is always worthwhile following different analytical approaches in assessing the prospective evolution of a currency’s future purchasing power.

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Extinction Rebellion: You Can’t Arrest Us All’

By Andy Gregory from the Independent – Re-Blogged From WUWT

‘If and when 10,000 people sit in a street and refuse to be moved, then what the police will ‘allow’ is neither here nor there’

Extinction Rebellion have dismissed Scotland Yard‘s claim that the force would not allow large-scale London protests planned for October.

The climate change activist group said the matter would likely be ”out of their hands, however hard they try to arrest us”.

The group is planning demonstrations on a bigger scale than those in April, when they occupied four sites in the capital for 11 days with one of the UK’s largest civil disobedience campaigns in decades.

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Casting Off The EU Millstone

Introduction

It should have been no surprise that Boris Johnson is now Prime Minister. It should also be no surprise he will implement Brexit on 31 October, the last date agreed between Mrs May’s government and the EU. Johnson was elected by Conservative constituency members to do just that. His cabinet appointees are fully supportive, including ex-Remainers (that’s politics!) and he has appointed an aggressive rottweiler, Dominic Cummings, as his Brexit enforcer. Already, his influence over Brexit strategy can be detected. There are no compromises to be had, a point which slower minds in the commentariat find difficult to comprehend and accept.

It is likely there will be an agreement on the way forward after Brexit, which could involve a transition period, but nothing like that agreed with Mrs May. If, as seems unlikely, the EU digs its heels in, the UK will walk away. That is the message being given by the new administration.

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To Survive, Britain’s Conservatives Must ‘Get Rid of the Green Crap’

By James Delingpole – Re-Blogged From Breitbart

Besides the Brexit Party, one of the big winners of the European Parliament elections — in Germany, France, Austria, Sweden, Ireland, Belgium, the Netherlands, Denmark and the UK — were the Greens.

There’s a lesson buried in this story — but it’s not what you might think. And it’s definitely, definitely the opposite of the conclusion being drawn by the Conservative Party.

In the Conservative mindset, green issues are one of those politically neutral, morally and socially positive causes you can embrace without betraying your principles or alienating your base.

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China Gets UK Aid to Boost Fracking

BRITAIN has given thousands of pounds of taxpayers’ cash to help fracking in China, it has been revealed – to the anger of cross-party MPs. Foreign Office minister Mark Field has admitted since 2016 the department spent £87,000 on projects to improve the “environmental regulation of shale gas development in China”.

By David Williamson – Re-Blogged From WUWT

PUBLISHED: 07:45, Sun, May 26, 2019 | UPDATED: 07:56, Sun, May 26, 2019

Fracking

The Tories are spending UK aid to support fracking in China (Image: GETTY)

The move has been condemned by politicians, who expressed astonishment that Britain was boosting the economic superpower’s energy sector.

Fracking, which involves breaking open rock layers to release underground gas, has transformed the global energy market but is a source of fierce controversy in the UK.

James Roberts at TaxPayers’ Alliance said: “When it comes to our aid cash, China is big enough to look after itself.

“And at a time when we are crippling our own energy market with rules and regulations, it beggars belief we’re giving the Chinese a leg-up in the shale sector with our foreign aid.”

A senior Conservative source also voiced concern: “The aid budget tops £14billion a year and ministers have lost all financial discipline and control as to where taxpayers’ cash is going.

“To be giving money to China at a time when they threaten our national security is unacceptable.”

Alex Norris, shadow minister for international development, accused the Government of hypocrisy.

He said: “The Tories are hypocritically spending UK aid to support fracking in China, while also announcing the climate crisis will be a top priority of their international development agenda.

CONTINUE READING –>

Extinction Rebellion protests: Met Wants to Charge More than 1,100 Activists

By Bonnie Christian – Re-Blogged From Evening Standard

Scotland Yard wants to charge more than 1,100 people who were arrested during last month’s Extinction Rebellion protests, a senior office has said.

More than 70 activists have so far been charged in connection with the demonstrations that brought parts of London to a standstill for 10 days.

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US & World Issues Affect Gold Market

By Andy Hecht – Re-Blogged From Gold Eagle

Summary

  • The dollar steps on the rally with a bullish reversal last week.
  • Issues around the world warn not to get too bearish.
  • Technical levels to watch in gold on the up and the downside.
  • Gold mining stocks are waiting for gold to make a move – GDX is likely to outperform gold if the price breaks higher.

Gold is a safe haven asset that market participants tend to flock to during periods of fear, uncertainty, and inflation. The yellow metal is both a commodity and a financial asset, making it unique. Along with its many industrial and ornamental uses, gold serves as an asset for countries around the world that hold the metal as part of their foreign currency reserves. Not only do central banks, governments, and monetary authorities hold gold, but they have been net buyers of the precious metal over the past few years. China and Russia are both absorbing their domestic production and purchasing the metal in the international market to build reserves.

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Italy Is Latest Country Seeking To Bring Their People’s Gold Home

By Mark O’Byrne – Re-Blogged From Gold Eagle

Gold Is A “Reserve Of Safety” – Mario Draghi

By Virginia Filder for Gold Telegraph

European Central Bank’s President Mario Draghi recently announced that the ECB would be required to approve any management of gold reserves within the euro zone countries.

The statement was specifically directed at two Italian members. Why was Italy singled out?

Increasing Electricity System Fragility in the UK

By Dr John Constable – Re-Blogged From GWPF

The UK’s electricity network is likely to become significantly weaker within five years, due to falling Short Circuit Levels that reduce the reliability of protection systems designed to limit the geographical extent of supply loss during a fault, and also make it more likely that asynchronous sources of electricity such as wind, solar and High Voltage Direct Current interconnectors will disconnect during a fault. Ironically, Short Circuit Levels are falling because of a rising input from asynchronous sources. A remedy for this problem is unlikely to be cheap. Who will pay?

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How A ‘No Deal’ Brexit Could Lead To The “Lehmanization” Of Europe

[Some of us think the disaster is way overdone. -Bob]
By Mark O’Byrne – Re-Blogged From Gold Eagle

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27, albeit by a smaller, yet still considerable, margin than in the past.

This is why, for the first time in a while, speculation about ‘no deal”s impact, not only on the UK, but on the European, and broader global, economy is at the forefront of the market’s mind, as investors have finally been forced to confront the reality that the UK crashing out of the EU next week isn’t only possible, but extremely probable.

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London Property Slide Worsens With Biggest Drop Since 2009

By Mark O’Byrne – Re-Blogged From Gold Eagle

3.8% fall y/y in Q1, the seventh straight decline in values – Nationwide
– Nationally, U.K. real-estate market remains ‘subdued’
– Some of the weakness relates to Brexit as economic uncertainty impacts sentiment

London continued to lead the U.K.’s weakening property market at the start of 2019, with prices falling the most since the financial crisis a decade ago.

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Gold – Preparing For The Next Move

By Alasdair Macleod – Re-Blogged From Gold Money

The global economic outlook is deteriorating. Government borrowing in the deficit countries will therefore escalate. US Treasury TIC data confirms foreigners have already begun to liquidate dollar assets, adding to the US Government’s future funding difficulties. The next wave of monetary inflation, required to fund budget deficits and keep banks solvent, will not prevent financial assets suffering a severe bear market, because the scale of monetary dilution will be so large that the purchasing power of the dollar and other currencies will be undermined. Failing fiat currencies suggest the dollar-based financial order is coming to an end. But with few exceptions, investors own nothing but fiat-currency dependent investments. The only portfolio protection from these potential dangers is to embrace sound money – gold.

The global economy is at a cross-road, with international trade stalling and undermining domestic economies. Some central banks, notably the European Central Bank, the Bank of Japan and the Bank of England were still reflating their economies by supressing interest rates, and the ECB had only stopped quantitative easing in December. The Fed and the Peoples’ Bank of China had been tightening in 2018. The PBOC quickly went into stimulation mode in November, and the Fed has put monetary tightening and interest rates on hold, pending further developments.

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Continuing Brexit Travails

  • Mr Barclay voted against a Government plan for a delay to Brexit last night
  • He said he would support a short extension to Article 50  but not a long one 
  • Mrs May expected to make third attempt to get a Brexit deal thought next week 
  • Mr Barclay said: ‘If we don’t have a deal then we should leave with no deal ‘

Is May about to lose her THIRD Brexit secretary? Stephen Barclay hints he could quit if PM backs a long extension to Article 50 saying ‘we shouldn’t be afraid to leave with no deal’

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