Debt Rattle June 19 2017
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[See the full post at: Debt Rattle June 19 2017]Hello,
A while ago, there was an article on the FED data concerning household wealth and the fact that the general increase in wealth was misleading.If I remember correctly, it is because a large part of household wealth is locked into real estate and real-estate values are in a bubble.
Can anyone point me to that article?
Thank you,
XYZCan anyone smell what hit the fan?
https://www.bbc.com/news/world-40321287
UN refugee agency: Record 65.6 million people displaced worldwide
Image copyrightAFP
Image caption
Syrians fleeing conflict account for 12 million of the world’s displaced people
A record 65.6 million people are either refugees, asylum seekers or internally displaced across the globe, the UN refugee agency said.
The estimated figure for the end of 2016 is an increase of 300,000 on 2015, according to its annual report.
It is a smaller increase than 2014-15, when the figure rose by five million.
But the UN high commissioner for refugees Filippo Grandi said it was still a disheartening failure of international diplomacy.
“The world seems to have become unable to make peace,” Mr Grandi said.
“So you will see old conflicts that continue to linger, and new conflicts erupting, and both produce displacement… forced displacement is a symbol for wars that never end.”
Uganda: The ‘best place’ to be a refugee?
Image copyrightGETTY IMAGES
Image caption
The village of Bidi Bidi has been transformed into one of the world’s largest refugee settlements
In 2016, some 340,000 people fled the violence in South Sudan into neighbouring Uganda. That was more than any other country – even more than the 200,000 people estimated to have fled Syria.
Just 36 hours after crossing the border by a simple wooden plank bridge, refugees are given a small plot of land and the materials they need to start growing their own food.
A year ago, the village of Bidi Bidi was just that, but now it is one of the biggest refugee settlements in the world – home to more than a quarter of a million people and covering 250 square kilometres.
The wooden bridge between death and safety
Uganda: ‘One of the best places to be a refugee’
A woman’s world for South Sudanese refugees
The UN said it hoped Monday’s record breaking numbers of displaced would encourage wealthy countries to think again: not just to accept more refugees, but to invest in peace promotion, and reconstruction.
Mr Grandi also warned of the burden being placed on many of the world’s poorest states, as some 84% of the world’s displaced people are living in poor and middle income countries.
“How am I to ask countries with far less resources, in Africa, in the Middle East, in Asia, to take millions of refugees if the richer countries are refusing to do so?” he said.
The world’s displaced people – in numbers
There are 65.6 million displaced people in the world – more people than live in the UK. Of these:
22.5 million are refugees
40.3 million are displaced in their own country
2.8 million are seeking asylum
Where do the refugees come from?
Syria: 5.5 million*
Afghanistan: 2.5 million
South Sudan: 1.4 million
Who is hosting the refugees?
Turkey: 2.9 million
Pakistan: 1.4 million
Lebanon: 1 million
Iran: 979,4000
Uganda: 940,800
Ethiopia: 791,600
*Another 6.3 million Syrians are internally displaced“Australia Has The World’s Most Costly Energy Bills (MB)”
I took out a subscription for this publication – but they have banned my comments. The people running it are unable to accept that Renewable Energy in Australia is just another scam. I guess they must be making money out of it.
Typically, they say “Today, 77 per cent of Australian electricity comes from mostly brown and black coal, 10 per cent from gas, and 13 per cent from renewable sources”
Well, most of the 13% is actually dispatchable hydro electricity – which was built 50+ years ago and has absolutely nothing to do with solar or wind. It was only relabelled as Renewable Energy a short while ago. Furthermore, the Greens block all such developments.
Here is the situation for Eastern Australia at this moment in time: 04:10PM local time on a sunny afternoon in Melbourne:
Wind plus large solar is generating 1.279GW of electricity – 4.5% of demand. Obviously, there will be no solar in a short while. Also, when the sun goes down, much of the wind goes as well. Many of these turbines are sited close to the coast to profit from the wind created by the temperature differences between land and sea.
Also, note how dispatchable hydro is providing 1.52GW – 5.5% of demand. When the drought returns – which it will – they will have to decide whether to conserve it for the crops or to use it to keep the grid stable and the lights on.
I have never met such a powerful and influential set of idiots as those who propose that Australia should lead the world in the fake RE narrative.
And here it is for 8:05 PM
As expected, there is no solar. Wind is now down to 1.176GW – only 4.1% of demand. Traditional dispatchable generation (coal, gas and hydro) accounts for 95.9% of supply.
At peak demand, 6:00 PM, RE would have been an even smaller percentage.
This information is never passed to those who get their information from the MSM.
Renewables can take a pleasant portion of the load, but not the way these guys do it. Renewables are so marginal, so energy anemic that you can’t afford to lose 10-20% in transmission losses. Therefore, any centralization in them is a non-starter, instead working small in an independent, distributed household level. But then there’s no subsidies and profit centers, just very long term energy savings — kind of like when Carter promoted the ultra-un-cool house insulation. Goes to show what they, the greens + government really care about. Not the earth, not energy, but the power of centralized control, taking money from others, and forcing other people to do what they want without doing it themselves. And wouldn’t that be the definition of tyranny? Not a fan.
If they want this to work, call an engineer. They’ll set you straight about what’s possible and cost effective real solution to the problem parameters.
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