Debt Rattle March 12 2017

[Raúl Ilargi Meijer]

NPC Newsstand with Out-of-Town Papers, Washington DC 1925   • Individual Investors Wade In as Stocks Soar (WSJ) • Stock Market Valuations Are Tot
[See the full post at: Debt Rattle March 12 2017]

[Nassim]

“Bruce Cannon Gibney traces many of our nation’s most pressing issues, including climate change and the rising cost of education, back to baby boomers’ idiosyncrasies and enormous political power”

Not to worry, I won’t blame anyone for “climate change”

In Australia, we have the luxury of watching our mainstream media self-destructing – by the use of overt and easily disproven propaganda.

If the temperature goes up and it doesn’t rain much, it’s climate change. If the temperature goes down and it rains a lot, it’s climate change. This is rainfall in southern WA, where a reduction of almost 15% since the 1970s is usually touted as evidence of climate change.

Anyone who accepts this nonsense deserves to have electricity prices that are skyrocketing and killing the real economy.

From next summer, on hot days, there may not be enough electricity in either state to go around. In South Australia, wholesale prices are regularly spiking to the market-allowed maximum of $14,000 per megawatt hour.

I attended an energy meetup in Melbourne. The fanaticism of these young guys (all males) and their determination to bring the economy to a halt is remarkable. They refused to look at the evidence of the German experience – so I quit the group.

German Power Sector In Massive Trauma As Electricity Giant EON Set To Post Colossal €12.4 BILLION Loss!

[Nassim]

A$14,000 per megawatt hour is equivalent to over USD 10,000 per megawatt hour

In the USA, the wholesale electricity price varies between USD 30-50 per megawatt hour. The Australian price is up to 280 times greater. 🙂

https://www.eia.gov/electricity/wholesale/#history

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