Jun 262019
 
 June 26, 2019  Posted by at 9:46 am Finance Tagged with: , , , , , , , , , , , ,


Pablo Picasso The muse 1935

 

Iran Says It Will Never Pursue A Nuclear Weapon (ZH)
Iran Foreign Minister Accuses Bolton Of Plotting For War (R.)
NATO Calls On Russia To Destroy New Missile, Warns Of Response (R.)
Mueller To Testify Before Two House Committees July 17 (AFP)
A. Gary Shilling Says The US Is Already In A Recession
Housing Market Slump Could Drive Global Growth To A Decade Low (MW)
Merrill Lynch Caught Criminally Manipulating Precious Metals Market (ZH)
Apple Doubles Down On Buybacks (Axios)
Italy’s Gold Now Belongs To The ECB (ZH)
Investors With $34 Trillion Demand Urgent Climate Change Action (R.)

 

 

“How many people have you killed with a nuclear weapon? How many generations have you wiped out with these weapons?”

Iran Says It Will Never Pursue A Nuclear Weapon (ZH)

Following Iran’s statement that diplomacy with the United States is “closed forever” after Washington sanctioned the Supreme Leader and other key officials, including on the foreign minister himself – making it practically hard to actually “do” diplomacy given sanctions also have the impact of restricting travel for the nation’s top diplomat – FM Javad Zarif slammed America’s track record with nukes. “You were really worried about 150 people? How many people have you killed with a nuclear weapon? How many generations have you wiped out with these weapons?” Zarif said Tuesday in reference to Trump’s calculus that he refrained from ordering last Thursday night’s readied military strike against Iran when informed 150 people would die.


“It is us who, because of our religious views, will never pursue a nuclear weapon,” Zarif added. Indeed it’s been long understood that since Iran’s Islamic revolution the Ayatollahs have been consistently against nuclear weapons on moral grounds, citing Koranic principles. The US remains the only country in the world to have ever deployed nuclear weapons in a wartime situation, dropping two on Japan at the end of WWII. Though scholars generally agree that the overwhelming destruction on Hiroshima and Nagasaki made counting impossible, conservative estimates tend to be at over 200,000 dead and wounded total wrought by the twin atom bombs dropped over those cities. And of course, the overwhelming majority of the Japanese dead and wounded were civilians.

Read more …

How dare he.

Iran Foreign Minister Accuses Bolton Of Plotting For War (R.)

Iran’s Foreign Minister Mohammad Javad Zarif accused U.S. National Security Adviser John Bolton of plotting for war against Iran in a tweet on Tuesday. “Wanna know why those with proven record of detesting diplomacy are suddenly interested in talks? Just read @AmbJohnBolton’s 2017 recipe for destroying the #JCPOA,” Zarif wrote, adding a link to a 2017 article written by Bolton in the National Review. The Joint Comprehensive Plan of Action, or JCPOA, is the landmark 2015 nuclear deal Iran signed with world powers. “Iran never left the negotiation table. #B_Team dragged the U.S. out, while plotting for war,” Zarif added. Zarif has in the past said that a “B-team” including Bolton, an ardent Iran hawk, and Israeli Prime Minister Benjamin Netanyahu, could goad Trump into a conflict with Tehran.

Read more …

An excuse for more rockets on Russia’s border.

NATO Calls On Russia To Destroy New Missile, Warns Of Response (R.)

NATO urged Russia on Tuesday to destroy a new missile before an August deadline and save a treaty that keeps land-based nuclear warheads out of Europe or face a more determined alliance response in the region. NATO defense ministers will discuss on Wednesday their next steps if Moscow keeps the missile system that the United States says would allow short-notice nuclear attacks on Europe and break the 1987 Intermediate-range Nuclear Forces Treaty (INF). “We call on Russia to take the responsible path, but we have seen no indication that Russia intends to do so,” Secretary-General Jens Stoltenberg told a news conference. “We will need to respond,” Stoltenberg said.


He declined to go into more details. But diplomats said defense ministers will consider more flights over Europe by U.S. warplanes capable of carrying nuclear warheads, more military training and the repositioning U.S. sea-based missiles. The United States and its NATO allies want Russia to destroy its 9M729/SSC-8 nuclear-capable cruise missile system, which Moscow has so far refused to do. It denies any violations of the INF treaty, accusing Washington of seeking an arms race. Without a deal, the United States has said it will withdraw from the INF treaty on Aug. 2, removing constraints on its own ability to develop nuclear-capable, medium-range missiles.

Read more …

Brought to you by the Trump 2020 re-election committee.

Mueller To Testify Before Two House Committees July 17 (AFP)

Former US special counsel Robert Mueller is to testify in public about his report into Russian electoral interference, paving the way for a historic television moment in which Democrats will attempt to make the case for President Donald Trump’s impeachment before the American people. The scrupulously tight-lipped Mueller will appear at back-to-back hearings on July 17 of the House Judiciary and Intelligence Committees, which announced Tuesday that the prosecutor had agreed to abide by subpoenas for his testimony. “Russia attacked our democracy to help Trump win. Trump welcomed and used that help,” House Intelligence Committee chairman Adam Schiff said on Twitter.


“As Mueller said, that should concern every American. And now, every American will get to hear directly from Mueller.” Trump’s apparent response to the announcement came swiftly in a two-word tweet in which he complained, without referring to Mueller, of “Presidential Harassment!” The Mueller report released in April outlined numerous contacts between Trump’s 2016 election campaign and government-linked Russians, as well as evidence that the president tried on several occasions to stymie the investigation. The Democrats have been split on whether to launch impeachment proceedings against the Republican president but — fearing that much of the country is unaware of the Mueller report’s contents — have been asking major figures in the probe to testify in public on its findings.

Read more …

He says it will be mild.

A. Gary Shilling Says The US Is Already In A Recession

Gary Shilling, an economist and financial analyst who is credited with predicting several recessions over the past 40 years, thinks the U.S. is in a relatively mild slump. “I think we’re probably already in a recession but I think it will probably be a run-of-the-mill affair, which means real GDP would decline 1.5% to 2%, not the 3.5% to 4% you had in the very serious recessions,” Shilling, president of economic and financial research firm A. Shilling & Co., said in a recent interview broadcast this week by Real Vision. In such a tempered slide, he says, “Stocks probably wouldn’t fall” but if they did, they likely would tumble about 22% — similar to other recent recessions. That, he says, would take the Standard and Poor’s 500 index about 200 points below it’s Christmas Eve nadir of 2,351.


His view is at odds with the vast majority of economists who expect the economy to grow a solid 2% to 2.5% this year after expanding at about a 3% clip last year and in the first quarter. Shilling points to: • Declining industrial production, a result of a weak global economy and the Trump administration’s trade war with China. • Feeble job growth of 75,000 in May, along with downward revisions to prior months. • The Federal Reserve Bank of New York’s recession probability chart, which shows about a 30% chance of a downturn the next 12 months, up from about 10% early this year. That data is based on an inversion of the yield curve, which has shown rates on 3-month Treasury bonds topping 10-year notes recently – a sign that investors don’t have much faith in the longer-term outlook. Inversions do herald recessions but often two years in advance.

Read more …

China: $6.8 trillion in household debt, a 70% rise in personal debt from just three years ago.

Housing Market Slump Could Drive Global Growth To A Decade Low (MW)

The global housing market is showing cracks. Those fissures could spread throughout the world-wide economy, potentially sending world-wide gross domestic product, or GDP, to its lowest annual pace of in 10 years, according to research from Oxford Economics, led by economists Adam Slater, and John Payne in a research report dated June 24. “A combined slump in house prices and housing investment in the major economies could cut world growth to a 10-year low of 2.2% by 2020 – and to below 2% if it also triggered a tightening in global credit conditions.” the Oxford Economics researchers wrote.

A decade since the 2008-09 U.S. housing bubble imploded, sparking a global financial crisis, worries about the health of the global housing market persist. An Oxford Economics’ proprietary gauge of housing conditions in the globe shows that home prices have declined by 10% and investments in houses have shrunk by 8%. Housing prices across the globe have come in to focus as a protracted tariff squabble between the U.S. and China ripples throughout the global economy, compelling a number of central bankers to entertain the idea of lowering benchmark borrowing costs in an effort to stimulate, or just maintain, economic expansion.

The Federal Reserve last Wednesday signaled a willingness to lower federal-funds rates, currently at 2.25%-2.50%, if financial conditions worsen. In China, a decade long housing boom has sent home values to the lofty levels, with buying in the region underpinned by some $6.8 trillion in household debt, according to the Bank for International Settlements, a 70% rise in personal debt from just three years ago, with much of that tied to residential mortgages. Oxford Economics says data show that residential investment in China is slowing as are starts for new construction also ebb

Read more …

Nopbody goes to jail, nobody even pays a fine. A broken system indeed.

Merrill Lynch Caught Criminally Manipulating Precious Metals Market (ZH)

On Tuesday after the close, the CFTC announced that Merrill Lynch Commodities (MLCI), a global commodities trading business, agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the COMEX (Commodity Exchange Inc.). The announcement was made by Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office. In other words, if the Merrill Lynch Commodities group was an individual, he would have gotten ye olde perp walk.

As MLCI itself admitted, beginning in 2008 and continuing through 2014, precious metals traders employed by MLCI schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market. They did so in the now traditional market manipulation way – by placing fraudulent orders for precious metals futures contracts that, at the time the traders placed the orders, they intended to cancel before execution. In doing so, the traders intended to “spoof” or manipulate the market by creating the false impression of increased supply or demand and, in turn, to fraudulently induce other market participants to buy and to sell futures contracts at quantities, prices and times that they otherwise likely would not have done so.

Over the relevant period, the traders placed thousands of fraudulent orders. Of course, since we are talking about a bank, and since banks are in charge of not only the DOJ, and virtually every other branch of government, not to mention the Fed, nobody will go to jail and MLCI entered into a non-prosecution agreement and agreed to pay a combined – and measly – $25 million in criminal fines, restitution and forfeiture of trading profits.

Read more …

Stock manipulation

Apple Doubles Down On Buybacks (Axios)

Apple again led S&P 500 companies in buybacks, spending a new record $23.8 billion in Q1, more than doubling its spend from the previous quarter, data from S&P Global shows. Apple has long been a buyback behemoth. The company holds 8 of the 10 all-time records for quarterly buybacks, and has spent more than $75 billion on buybacks over just the past year. It has spent $234.7 billion over the most recent 5-year period, and $284.3 billion over the last 10-year period. Apple accounted for 23% of share buybacks made by the top 20 S&P 500 companies. The big picture: While Apple has increased its buyback spending, other S&P 500 companies have slowed from 2018’s record pace.


Companies bought back just $205.8 billion worth of their own shares, a 7.7% decline from Q4 2018, S&P reported. That ended the streak of 4 consecutive quarters of record buybacks. Yes, but: Buybacks rose 8.9% from Q1 2018, which set a record at the time. Outside analysis of the broader stock market, beyond just the S&P, shows announced buyback spending was higher in Q1 2019 than Q4 2018. Ratings agency Moody’s warned last month that companies are spending more on share buybacks and dividends than they were paying in taxes before the 2017 tax cut. The tax savings “can be wiped out entirely by even a modest change in share buybacks,” Christina Padgett, senior vice president at Moody’s, told Axios at the time.

Read more …

Italy has quite a lot of it.

Italy’s Gold Now Belongs To The ECB (ZH)

As the squabbling over Italy’s populist government’s plans to blow out its budget deficit to finance an agenda of tax cuts and social spending (including a ‘citizen’s income’ that’s essentially UBI-lite) crowded the headlines, the issue of who owns the 2,451 metric tons of gold reserves held by the Bank of Italy has been quietly ignored – at least, outside of Italy. But that might be about to change. On Tuesday, the ECB asked the League, the dominant party in Italy’s ruling coalition, to remove a reference to the Bank of Italy holding gold as an “exclusive title of deposit” according to Bloomberg. Translation? If Italy is not allowed to have title to Italian gold, then Italy’s gold now belongs to the ECB.

Today’s escalation over Italy’s gold “title” comes two months after the WSJ reported that Italy’s ruling populists pushed ahead with efforts to seize control of the central bank and its gold reserves. Complaining that hundreds of thousands of small individual investors lost billions of dollars after several Italian banks failed in recent years, the current Italian government depicted the central bank as a symbol of a technocratic elite aloof from the needs of ordinary Italians. “We need a change of course at the Bank of Italy if we think about what happened in the last years,” said Deputy Prime Minister Luigi Di Maio, leader of the 5 Star Movement. Shortly thereafter, 5 Star lawmakers asked parliament to pass two draft laws.

One law would instruct the central bank’s owners, most of them private banks , to sell their shares to the Italian Treasury at prices from the 1930s.The other law would declare the Italian people to be the owners of the Bank of Italy’s reserve of 2451.8 metric tons of gold, worth around $102 billion at current prices. “The gold belongs to the Italians, not to the bankers,” said Giorgia Meloni, leader of the Brothers of Italy, a far-right opposition party that supports both bills. “We are ready to battle everywhere in Italy and to bring Italians to the streets if necessary.” So far there has been no fighting but if indeed Draghi just told Italy that its gold now belongs to the Frankfurt-based central bank we expect that to change..

Read more …

So how much are they willing to pay?

Investors With $34 Trillion Demand Urgent Climate Change Action (R.)

Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. In an open letter to the “governments of the world” seen by Reuters, groups representing 477 investors stressed “the urgency of decisive action” on climate change to achieve the Paris Agreement target. Almost 200 nations agreed in Paris in 2015 to limit the global average temperature rise to well below 2 degrees Celsius above pre-industrial times. Current policies put the world on track for at least a 3C rise by the end of the century.


The letter comes ahead of a June 28-29 G20 summit in Japan and as United Nations Secretary-General Antonio Guterres urges countries to back more ambitious climate goals. “There is an ambition gap… This ambition gap is of great concern to investors and needs to be addressed, with urgency,” a statement from the investors accompanying the letter said. Governments were urged to strengthen their Paris Agreement targets by 2020; phase out thermal coal power and fossil fuel subsidies by set deadlines; set a robust global carbon price by 2020 and improve climate-related financial reporting. “It is vital for our long-term planning and asset allocation decisions that governments work closely with investors to incorporate Paris-aligned climate scenarios into their policy frameworks and energy transition pathways,” the statement said.

Read more …

 

Arundhati Roy:

 

 

 

 

 

Home Forums Debt Rattle June 26 2019

This topic contains 7 replies, has 5 voices, and was last updated by  V. Arnold 2 weeks, 5 days ago.

Viewing 8 posts - 1 through 8 (of 8 total)
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  • #48207

    Pablo Picasso The muse 1935   • Iran Says It Will Never Pursue A Nuclear Weapon (ZH) • Iran Foreign Minister Accuses Bolton Of Plotting For War (
    [See the full post at: Debt Rattle June 26 2019]

    #48209

    zerosum
    Participant

    Are everyone making better weapons that the USA?
    It seems that making expensive and useless weapons is the USA specialty.

    • NATO Calls On Russia To Destroy New Missile, Warns Of Response (R.)

    Time to send the navy kids back to school to get a refresher course on potential and kinetic energy.

    https://www.zerohedge.com/news/2019-06-25/us-combat-ship-collides-canadian-freighter-montreal-0
    ———-

    • Apple Doubles Down On Buybacks (Axios)

    Buyback is a good way of describing how the rich get to sell their shares at the top of the market.

    “Laughing all the way to the bank.”

    #48210

    John Day
    Participant

    My bcc news snd to 190 recipients was just blocked today. Google algorithm on Democratic Debate Day, I suspect.
    I started the blog in 2016 Primary season to bypass this problem.
    Things sent out fine 2 days after each vote in 2016 and 2018.
    I think the AI is blocking posts/emails more nimbly now.
    http://www.johndayblog.com/2019/06/negotiations.html
    I guess all of this is being discussed right now.
    This week’s National Security Advisor summit in Jerusalem is an historic event because of the participation of the Russian, Israeli, and American representatives during this multi-day meeting from 24-26 June, but it’s also a juicy one too because of the many rumors that it’s given rise to, the most popular being the possibility of a so-called “grand deal” being clinched about the future of the Middle East.
    US National Security Adviser John Bolton together with his Israeli and Russian counterparts Meir Ben-Shabbat and Nikolai Patrushev will meet behind closed doors in what is described as an “unprecedented summit” in Jerusalem.
    According to the Israeli media: “The chaos in Syria, rising tensions in the Persian Gulf” are on the agenda.

    Secret US-Russia-Israel National Security Summit in Jerusalem: What is the Hidden Agenda?

    CJ Hopkins has something like a crackpot conspiracy theory:
    ​ ​See, according to this crackpot conspiracy theory that I would put forth if I were a geopolitical analyst instead of just a political satirist, there have been no “catastrophic policy blunders,” not for global capitalism.
    ​ ​The Restructuring of the Greater Middle East is proceeding exactly according to plan. The regional ruling classes are playing ball, and those who wouldn’t ​(cooperate) ​have been regime-changed, or are being regime-changed, or are scheduled for regime change.
    ​ ​Sure, for the actual people of the region, and for regular Americans, the last thirty years of wars, “strategic” bombings, sanctions, fomented coups, and other such shenanigans have been a pointless waste of lives and money … but global capitalism doesn’t care about people or the “sovereign nations” they believe they live in, except to the extent they are useful.​..​
    ​ ​Global capitalism has no nations. All it has are market territories, which are either open for business or not.
    What you’re looking at is global capitalism cleaning up after winning the Cold War. And yes, I do mean global capitalism, not the United States of America (i.e., the “nation” most Americans think they live in, despite all evidence to the contrary)…
    The point is, “America” is not at war with Iran. Global capitalism is at war with Iran. The supranational corporatist empire. Yes, it wears an American face, and waves a big American flag, but it is no more “American” than the corporations it comprises, or the governments those corporations own, or the military forces those governments control, or the transnational banks that keep the whole show running.

    The Ongoing Restructuring of the Greater Middle East

    Caitlin Johnstone: “For example, while ‘only’ 33 percent of the US public prefer a US preventive nuclear strike that would kill 15,000 North Koreans, 50 percent approve,” the report reads.

    Survey: Americans Have Remarkably Ignorant Attitude Toward Nukes And North Korea

    Ahead of the Democratic Party Presidential Debates, this is all they can say about the anti-war candidate:
    Rep. Tulsi Gabbard (D-HI) may have met with Donald Trump during the presidential transition and Trump’s transition team may have put together a vetting document on the Hawaii Democrat as part of considering her for the post of Secretary of Veterans Affairs. But a spokesperson for Gabbard now insists to The Daily Beast that she didn’t know she was considered for the position and was never asked about it.
    https://www.thedailybeast.com/tulsi-gabbard-insists-she-was-never-vetted-for-a-trump-cabinet-post

    ​ ​The New York Times published a series of video interviews in which it queried Democratic presidential hopefuls on, among other questions, whether “Israel meets international standards of human rights,” in what it described as an attempt to gauge their willingness to voice criticism of the Jewish state.
    ​ ​Most, the newspaper said, were reluctant to do so…
    ​ ​The paper asked 21 candidates — excluding former vice president Joe Biden, who refused to participate — the question, “Do you think Israel meets international standards of human rights?”
    https://www.timesofisrael.com/queried-on-israel-and-human-rights-democratic-hopefuls-offer-guarded-criticism/

    Most Democratic Candidates Still Afraid to Criticize Israel’s Violations of Palestinian Rights

    What does it cost to kill a nice old man with a security detail?
    ​ ​Sen. Bernie Sanders on Monday released a sweeping higher education plan that includes canceling all of the nearly $1.6 trillion of existing student loan debt that’s owed by roughly 45 million Americans.
    ​ ​Sanders announced his legislation alongside progressive lawmakers, including Reps. Pramila Jayapal (D-Wash.), Ilhan Omar (D-Minn.) and Alexandria Ocasio-Cortez (D-N.Y.), who are filing a companion bill to Sanders’ proposal in the House.​..
    The overall higher education plan, including the debt cancellation, would cost $2.2 trillion. Sanders would pay for it by imposing a new tax on Wall Street transactions. His campaign said the tax would generate more than $2.4 trillion over the next decade.
    https://www.politico.com/story/2019/06/24/bernie-sanders-2020-student-loan-debt-forgiveness-plan-1296863
    https://www.jacobinmag.com/2019/06/bernie-student-loan-debt-forgiveness-aoc

    ​In an otherwise slow news-cycle, the mainstream media has somehow failed to report on an undercover exposé by Project Veritas in which a senior Google employee admits that the company is manipulating its algorithms ahead of the 2020 election in order to prevent the “next Trump situation.”
    ​ ​”We all got screwed over in 2016, again it wasn’t just us, it was, the people got screwed over, the news media got screwed over, like, everybody got screwed over so we’re rapidly been like, what happened there and how do we prevent it from happening again,” said longtime Google employee and head of “Responsible Innovation,” Jen Gennai, in the undercover Veritas sting.
    “We’re also training our algorithms, like, if 2016 happened again, would we have, would the outcome be different?” she added.
    ​ ​As noted by Infowars’ Jamie White, “CNN, WaPo, CNBC, HuffPost, The New York Times, Vox, Vice, Newsweek, Politico, and even The Daily Beast haven’t written a single piece on the devastating evidence.”
    ​ ​Meanwhile, YouTube parent Google has scrubbed the video from its video sharing platform (also ignored by the MSM).
    https://www.zerohedge.com/news/2019-06-25/msm-silent-after-google-election-meddling-bombshell-video-scrubbed-youtube

    #48211

    Dr. D
    Participant

    RUSSIA is leaving the INF treaty? We left that over a year ago. …But because it’s true, we can’t report it, but report the OPPOSITE. As here:

    “Democrats will attempt to make the case for President Donald Trump’s impeachment”

    AFP being today’s journalists, making s—t up. Are they really? Seems like the two wings of the DNC are having a civil war over that. You’re sure? Why? But unlike Pelosi, Schumer, and AOC, he has the “savoir faire”. He knows. Really.

    “the prosecutor had agreed to abide by subpoenas for his testimony.”

    Gosh, how generous for him to show up to court when ordered to by law. Because apparently Clapper and Brennan can perjure themselves and just like Clinton, Mueller doesn’t have to show up, along with 90,000 illegals jumping court. The only one on earth who has to follow the law is me. But we knew that as it’s parcel of NeoLiberal, NeoCon, NeoFeudalism we all support when we say Google should control free speech and openly rig elections.

    Probably he’s only showing up so they can all go golfing later. Saves the carpool.

    Gosh Doctor, you’re so cynical. It’s not all fixed by insiders and their wealthy billionaire oligarchs:

    “Merrill Lynch Caught Criminally Manipulating Precious Metals Market (ZH)” –Thousands and thousands of times over 6 years, minimum.

    Just like we’ve been saying since ’94, or at least 2000. But when we all stated the obvious it was “crazy.” –Just like the tech bubble and mortgage crash. Later, after the first 10 lawsuits…oh yeah, it was still crazy, still not happening. Now it’s either still a) a “crazy conspiracy” on even-numbered days, or b) “everybody knows and has ALWAYS known, and we’re never going to fix it, quit bugging me.” on odd-numbered days. And a second later the same blinding obvious things, the SAME economists and 10,000 bloggers say, will be ANOTHER crazy conspiracy theory, until 10 years later, “everybody always knew” that too. That part: fine. But never prosecuting it and STILL participating in these markets as if they’re at all real? Tell me who’s really crazy here.

    PS, from this morning’s end of USD reserve currency, as browbeaten by DJT all over the world, when this gold market stops being rigged, the USD reserve ends. That’s the reset. So admitting it’s rigged more and more each day? Part of the end.

    “Italy’s Gold Now Belongs to the ECB (ZH)”

    Speaking of needing gold, stealing gold, rigging gold, and resetting gold …But Italy can get that gold back, in a way, by taking it out of the hide of the Euro. Anyone follow Tier 2 banking lately, with what’s owed to Germany and the ECB? Default on that and buy your gold with the new, rapidly depreciating Lira2. Bonus question: is Germany actually rich and well-off when their riches are owed by those who will never pay them but giggle hysterically? Or did they also get screwed by the EU free-continental-screwing plan? So if all this money disappeared and neither Italy, Greece, or Germany got any, who left with it? Isn’t that your private billionaires? Asking for a friend who’s looking at some pitchfork investments.

    “Investors With $34 Trillion Demand Urgent Climate Change Action (R.)”

    Sure, they pre-invested in Tesla and Solyndra and want governments to force up the price of their investments rather than go bankrupt on them as they thermodynamically should. …Not that the joining of state and corporation, direct transfer of taxpayer money to my insider friends is fascism or anything. Nope. Totally green! …Yeah, they’re seeing green alright.

    Speaking of AGW, it’s 20 degrees cooler this summer and raining all over, just like the Maunder minimum and the sun-cycle models predicted. Stay tuned, but if you want to eat this winter, you might want to take a commercial break and Buy Today! Only HALF the fields have been planted, in the world’s top Ag exporter by leagues. When that happens, God himself cannot help you. The cycle flips, stocks are worthless compared to eating, commodities rise. Gold will be one of those along for the ride.

    #48212

    zerosum
    Participant

    Did anything change?
    Re.: A drowned child being picked off the beach?
    I can’t remember when, but it was on a beach in the med.
    I think it was a Syrian child.
    NOW ….
    There is another picture of a man and his 22 month old toddler drowned, face down, in the river, trying to cross into the USA
    Do you think that this picture will motivate Americans to become “holier than thou” and become example humanitarians?

    #48213

    zerosum
    Participant
    #48225

    V. Arnold
    Participant

    Highs and lows are higher and lower in 2019

    Here in the tropics (13°N latitude), at least the area I live in, has been remarkably “normal” so far.
    Three years ago we hit 41°/43°c for a few days in April (our hottest month). I weathered that with no air-conditioning; just fans. At that point I had been here for 14 years with no air; so aclimated pretty well in that time.
    I never know quite what to think when I read about all the deaths in the U.S. and Europe in temperatures like that.
    We did finally get air, a little over 2 years ago. At 74yo anything over 38°c does tend to get to me now…
    So, I know age can be a factor in temperature tolerance…
    😉

    #48226

    V. Arnold
    Participant

    I never know quite what to think when I read about all the deaths in the U.S. and Europe in temperatures like that.

    Well, I thought about what I said above and realized that the key word is acclimated.
    Living in the northern climes; one has no chance to acclimate.
    Hitting temps like 41°/43°c would stress everything in the human body…
    …okay, I get it… 😉

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