Debt Rattle December 17 2015

 

Home Forums The Automatic Earth Forum Debt Rattle December 17 2015

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #25692

    Unknown Fed Ponders Interest Rates 1917 • Fed Raises Interest Rates, Citing Ongoing US Recovery (Reuters) • Fed Removes Reverse Repo Cap to Ensure Con
    [See the full post at: Debt Rattle December 17 2015]

    #25696
    Nassim
    Participant

    “Ambrose sees climate change as a profit opportunity.”

    Of course it is a “profit opportunity” – for the politicians who will reap in the taxes and subsidise their favourite companies/friends.

    In Sydney, a water-filtering plant – which was built because of the predicted “climate change” drought and never put to use during its 4 years of life has just been party demolished by a tornado.

    “The plant has not produced a drop of desalinated water outside of testing. It was turned off in 2012. However, it still costs water consumers about $195 million a year to keep the facility on standby. Green MP John Kaye said the storm damage should force the reconsideration of whether the plant should be completely shut. “One option that should be on the table is to stop throwing good money after bad and consider shutting the white elephant down once and for all,” Mr Kaye said. “It may be that one of the only silver linings in the storm is that it forces a reconsideration of the hundreds of millions of dollars that will be squandered on the desalination plant.” The NSW government leased the plant to a private investment company for $2.3 billion for 50 years in 2012. Minister for Water Niall Blair said his government could not shirk its contract obligations. “The NSW government cannot simply tear up legally binding contracts; that would leave the state open to a potentially massive compensation claim,” Mr Blair said. “As the plant is currently on shutdown, it is costing the NSW government the minimum amount possible,” he said. The desalination plant would not be turned on unless Sydney’s dam levels dropped below 70 per cent. Levels are at 94 per cent. It was built by the Labor government as an insurance policy against drought and was in “water security mode”, or long-term hibernation.”

    https://www.smh.com.au/environment/sydney-tornado-kurnell-desalination-plant-suffers-significant-damage-20151217-glpzkd.html

    If this is not corruption, I don’t know what is.

    #25697
    Nassim
    Participant

    Here is what Martin Armstrong has to say:

    “it is interesting to note that an important meteorological satellite (NOAA 16) reportedly broke apart on November 25. The Joint Space Operations Center (JSpOC) of the American forces noticed at 15:41 ET “an unknown number of related objects” that circled the suddenly destroyed NOAA 16 satellite.”

    Archives

    It is pretty obvious that not only is historical data being altered, but modern data that is inconvenient is being discarded.

    Don’t forget that the same people who have been pretending to be bombing ISIS have actually created ISIS and are supplying it. These are the people who were behind the Paris conference. Some American pilots are fed up and – despite threats of imprisonment or worse – leaking that they have orders _not_ to bomb ISIS

    It took the Financial Times years to come around to try and explain the finances of that very expensive investment and they came up with a report suggesting that the “rebels” (who come from places like Chechnya, Morocco, Libya and Uzbekistan) were carrying oil in cans or using horses to take it across the border to Turkey. I am not joking.

    “On foot: A popular crossing point for smugglers carrying jerry cans of fuel on their backs has been from Kharbet al-Jawz in rebel-held Syria to Guvecci in Turkey. This has been largely shut down by Turkish forces, but the remote terrain makes it impossible to stop.
    Horseback: DonkeyIn places like al-Sarmada and al-Rai, smugglers have crossed the border by mule, donkey or horses that can carry four to eight jerry cans at a time.”

    https://ig.ft.com/sites/2015/isis-oil/

    Putin gave it all away. He could have done so years ago, but he perceived it not to be in Russia’s interests to antagonise the USA. The fact that the Americans are backtracking on Syria suggests that he has threatened to similarly give away the real data on 9/11.

    #25699
    Ken Barrows
    Participant

    As laypeople, we’re always suspectible to altered data, so go ahead and speculate. I will say, though, that carbon dioxide has gone from 320 ppm in 1965 to 400 ppm today. CO2 and temperature correlated in the paleoclimate data (correlation is not causation, I know). Half of all CO2 emissions since 1988. No realistic change of CO2 levels halting for decades. Let’s hope CO2 is not a greenhouse gas.

    And, finally, yes, it’s a doggone dirty shame if Goldman Sachs profits from climate policy. Let’s all just conserve, k?

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.

Sorry, the comment form is closed at this time.