JoNova A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).
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The nerds have the numbers on precious metals investments on the ASX
Think it has been debunked? See here.
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The most dangerous Big-Government Qango of all may well be the Central Banks (not the NIH). Money drives all the incentives across national economies, but one small unelected group decides the price of money, and all corruption flows downstream from there. Ponder how they set the temperature that drives the global currents of goods, resources and opportunity. They feed Big Government, Big Pharma and Big Tech.
Saddle Up: There is no hiding inflation. Despite the global economy grinding to a halt in a pandemic, house prices set surging records and paradoxically the Dow hit all times highs.
It is just supply and demand. As more dollars are printed, a bigger supply of money competes for the same number of goods. And boy, have they been printing money.
It’s a temporary spike they say:
This is the money base of USD, a rough measure of “how many dollars there are”.
US St Louis Federal Reserve, Money Base graph 1918-2008 | Source
For perspective, below is the history of the growth in US Dollars since 1918 up until the GFC. The US left the Gold Standard in stages between 1913 and 1971, and the growth in money supply since then […]
Easy Money Begats Easy Billionaires, who build Easy Foundations, which are easily captured. And before you know it, the apolitical becomes political, and the political becomes a lobbying machine. Big Money becomes Huge Money and Huge Money wields power.
And a perfectly good civilization goes to waste.
h/t Scott of the Pacific
How Charity Foundations Damage Western Societies
by John Smoke, im1776
by Freestocks-photos
Charities are as large as the entire University sector.
Charitable foundations, and the specific charities they fund, are the single most important force in modern Western societies. They complete a triumvirate of the “journalism plus academia” shorthand of the Cathedral as Curtis Yarvin sees it. The amount of money sloshing around these organisations is simply mind-boggling. The latter is hard to reliably quantify, but in the UK, the charity ‘industry’ apparently registered £45 billion in revenues in 2021 alone. Compare this to the £40.5 billion total income in the UK higher education sector a couple of years ago and you get the idea.
John Smoke adroitly connects the dots and draws the spiral vortex that draws most charities in.
It starts so gently:
Imagine a billionaire. He’s an […]
Who knew?
It doesn’t matter how much a company panders to the Religion.
The Pagan Chieftan hath spoken and decided that Shell not only has to cut its own emissions nearly in half, it improbably, somehow, is responsible for its customers emissions too. Will Shell put photos of heatwave casualties with warning labels on oil cans: “This product may cause Tornadoes”?
Shell is reaping the rewards of playing the “climate” game. They didn’t stand up against the climate witchery when it came for the coal industry, and now its come for them.
Oil Giants Are Dealt Major Defeats on Climate Change as Pressures Intensify
By Sarah McFarlane and Christopher M. Matthews, Wall Street Journal
In a first-of-its-kind ruling, a Dutch court found that Shell is partially responsible for climate change, and ordered the company to sharply reduce its carbon emissions. Hours later in the U.S., an activist investor won at least two seats on Exxon’s board, a historic defeat for the oil giant that will likely require it to alter its fossil-fuel focused strategy.
The Shell ruling, issued by the district court in The Hague, found that Shell must curb its carbon […]
UPDATED: See below
The Western World has mostly succeeded in reducing emissions by shifting their emissions to factories in developing nations. In industries like Steel, Cement and Plastic as much as 20 – 50% of all production has gone overseas.
All this was achieved in just 20 years or so…
…
In the game of emissions reductions the West will become irrelevant (and in so many other ways too):
…The even more important and larger question: even if the US succeeds, what about everyone else? Over the last 25 years, the developed world shifted much of its carbon-intensive manufacturing of steel, cement, ammonia and plastics to the developing world. As a result, developing world adoption of wind, solar, storage and nuclear power may end up being the primary determinant of future global emissions outcomes. That has certainly been the case over the last decade: Europe and Japan reduced primary energy use by 4%-6% but developing world increases were 6x higher than their reductions
–Michael Cembalist, JP Morgan Annual Energy Paper
UPDATE: David Wojick makes the good point that some of shift is due to an increase in China for China’s own use, as […]
I knew they were bad, but this was blistering:
Big Tech’s Monopoly Creep
by Napolean Linarthatos, The AmericanConservative
… generations that come after us will have the opportunity to wonder how on earth we had been duped for so long and so pathetically by a few Big Tech monopolists, how it was possible to have such a grand accumulation of power and wealth preserved by a system so bluntly corrupt in its modus operandi.
In October 2020, the House Antitrust Subcommittee issued a damning report of steamrolling corruption. It was so brazen, Amazon even sold counterfeit copies of products until the targets gave in — even big names, like Nike. The supergiant went into business against smaller companies, dumping product on the market in impossibly good offers, until it beat them, and stole their customers, and then bought them anyway. (After that customers discovered the deals were not so sweet.) Employees of Amazon even admitted they used private customer data to find market opportunities for Amazon to exploit. The situation is so rapacious now that little companies are not even bought out anymore, they are just cloned and crushed.
And it’s not just Amazon. Smaller partners […]
Evil weather-destroying equipment will be banished:
Photo Kwon Junho
Victorians building new homes will be denied the choice to pick their preferred heating and cooking appliances in the hope that this will stop storms and droughts for their great grandchildren.
As household prices rise, the money that could have been used for holidays, health, or education will be used to enrich a few corporations and make a small percentage of the population feel important and calmer.
If only the low carbon revolution was clean, green and cheap, no one would have to ban anything.
Suffer the children:
Push to turn off gas to help reach state’s climate goal
Tom Cowie and Nick O’Malley, The Age
Gas appliances including heaters, hot water services and cooktops would be phased out under a proposed moratorium on new gas connections to Victorian households to help the state achieve its 2030 target to cut carbon emissions by up to 50 per cent.
Victorians are the nation’s biggest users of natural gas for heating, hot water and cooking due to the state’s historically cheap and plentiful supply piped in from Bass Strait since the 1970s.
But […]
China has become the Wild West of bio-research
…
The ZMan spots a repeat cycle of knowledge-hauls as China siphons off Western intellectual property, often with the help of the West.
First China hauled (and we gave) the factories, then it was the hi tech industry, now it’s biomedical ingenuity. The pattern repeats. China offered cheap labor for manufacturers and the tech industry with few annoying environmental burdens. Now China offers money and freedom from ethical quandaries for researchers who want to clone, create bioweapons, or hybrid human-animal cells.
The question for the West is, if environmental or ethical standards matter at home, shouldn’t they matter overseas too? If we aren’t happy to buy shirts made by slaves at home, why are foreign slave shirts OK? If we aren’t keen to fund bioweapons research in our own lands, why was it OK to help do that in China? (Thank Anthony Fauci).
Chinese Ethics, The ZMan
China makes it so easy for Western Scientists to collaborate:
There is no doubt that most Western governments operate biological research facilities. The fact that China is doing the same is no surprise. The difference is Western governments have to […]
And so the mask comes off. After forty years of cheating in a “forced technology transfer” the game is up. Trump called China for the theft of intellectual property, then launched a trade war, but the CCP already had stolen much of the information it needed.
This is not just an economic war, this is a big wet blanket on some kinds of scientific research. With one big bad player in the game breaking the rules, there is less incentive for people to announce and share discoveries. Royalties can’t be enforced, and a competitor might copy and compete against you. Are we entering a new era cold war of secrecy?
Back to Zang: Now that there is no need to hide the theft, nor pander in the hope of taking more, another Chinese Professor openly bragged about the situation last week:
China ‘Copied Its Way’ to Economic Success, Chinese Professor Boasts
Nicole Hao and Cathy He, Epoch Times
For the past 40 years, the Chinese regime only did one thing: plagiarize, Zang Qichao, a prominent marketing expert and visiting professor of Beijing’s Tsinghua University, told a group of Chinese entrepreneurs recently.
“We plagiarized wildly, […]
The latest academic voodoo doll tossed at Fossil Fuels is a study claiming that the industry gets $65 billion in “implicit” subsidies in the US.
The authors of the latest paper assume the broken climate models work, and then guesstimate what the cost of all that theoretical warming would be with economic models that aren’t much better. It’s a paywalled paper, but they don’t appear to account for all the net benefits of coal, oil and gas which include, keeping people alive and fertilizing forests and fields around the world for free. These aren’t guesstimates from the future but known good and great gifts from the last century or two.
Greening the Earth. Zaichun Zhu, (2016)
Send them the bill: the fossil fuel companies are subsidizing taxpayers
How much is a hundred years of free fertilizer worth?
If only academic institutions were more than Big Gov advertising agencies they might also have considered that fossil fuel companies are never paid for their part in boosting agricultural yields, nor in greening the forests. Some 18 million square kilometers of Earths surface has more biomass. Arid regions of the world are 11% greener, mostly thanks to CO2 and deserts are […]
The USA might just unify despite Joe Biden. There are not many things that can bring the Occupy and Antifa crowd together with Proud Boys but sticking it to the overlords of Wall Street is just the ticket.
The Gamestop monster battle between the ruling class and the peasants
The naked short sellers of Wall Street were never a healthy part of a free market — they were selling shares they didn’t own. Their predatory behaviour could create the very destruction they profited from, ruining potentially productive assets in the process. In a bonfire of gambling greed, the Predators could effectively sell more shares than even existed — betting they could drive the price lower and buy back for a bargain. But the little-guy-punters in the reddit/Wallstreetbets crowd got organized and called the bluff. They pushed the $4 stock to $400, busting the Smarty-pants players and reveling in it. There are estimates that hedge funds have already lost nearly $20 billion. One group of short-selling gurus have been burnt so badly they’ve abandoned publishing short selling research. The wake from this is just beginning.
The problem for the Democrats is that this wave is a form of Draining The Swamp. […]
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