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Worried about Earth’s future? Well, the outlook is worse than even scientists can grasp

 

Worried about Earth’s future? Well, the outlook is worse than even scientists can grasp

Anyone with even a passing interest in the global environment knows all is not well. But just how bad is the situation? Our new paper shows the outlook for life on Earth is more dire than is generally understood.

The research published today reviews more than 150 studies to produce a stark summary of the state of the natural world. We outline the likely future trends in biodiversity decline, mass extinction, climate disruption and planetary toxification. We clarify the gravity of the human predicament and provide a timely snapshot of the crises that must be addressed now.

The problems, all tied to human consumption and population growth, will almost certainly worsen over coming decades. The damage will be felt for centuries and threatens the survival of all species, including our own.

Our paper was authored by 17 leading scientists, including those from Flinders University, Stanford University and the University of California, Los Angeles. Our message might not be popular, and indeed is frightening. But scientists must be candid and accurate if humanity is to understand the enormity of the challenges we face.

Do experts have something to add to public debate?

Girl in breathing mask attached ot plant in container
Humanity must come to terms with the future we and future generations face. Shutterstock

Getting to grips with the problem

First, we reviewed the extent to which experts grasp the scale of the threats to the biosphere and its lifeforms, including humanity. Alarmingly, the research shows future environmental conditions will be far more dangerous than experts currently believe.

This is largely because academics tend to specialise in one discipline, which means they’re in many cases unfamiliar with the complex system in which planetary-scale problems — and their potential solutions — exist.

…click on the above link to read the rest of the article…

 

The Two Faces Of The US Empire

The Two Faces Of The US Empire

The Biden/Harris inauguration event is going to be a star-studded celebration spanning an unprecedented five days, a giddy orgy of excitement at a murderous oligarchic empire having a new face behind the front desk after promising wealthy donors that nothing will fundamentally change.

This comes at a time when Americans are now reporting that they trust corporations more than they trust their own government or media, when pundits are gleefully proclaiming in The New York Times that “CEOs have become the fourth branch of government” as they pressure the entire political system to smoothly install Biden, when the leading contender for the Department of Justice’s Antitrust Division is an Obama holdover who went from the administration to working for both Amazon and Google, and when Americans are being paced into accepting an increasing amount of authoritarian changes for their own good.

And this manic celebration and increasing brazenness of corporate power are of course overlaid atop an unceasing river of human blood as the globe-spanning empire continues to smash any nation which disobeys it into compliance so as to ensure lasting uncontested planetary hegemony.

But hey, at least they voted out fascism.

The US empire is ugly and creepy. The more you look at it, the uglier and creepier it gets. That’s why so much effort goes into keeping the public from looking at it directly.

The US empire has two faces, one rooted in the west coast and the other in the east. The first face, which sprouts up from Hollywood, presents a grinning plastic smile to the world depicting how fun and wonderful and righteous America is and how all its systems are working completely fine. The second face, which sprouts up from DC, Arlington and Langley, is wild-eyed and covered in blood.

…click on the above link to read the rest of the article…

 

The Hydrogen-Based Economy: Is it Enough to Paint Something Blue to Make it Green?

The Hydrogen-Based Economy: Is it Enough to Paint Something Blue to Make it Green?

A hopeful image for a hopeful article by Bertrand Piccard. “Blue Hydrogen” seems to be popular, nowadays. But is it enough to paint something blue to make it green? It turns out that “green” hydrogen, assuming it exists, is too expensive for what we need to do now in order to move away from fossil fuels and stabilize Earth’s climate.

Hydrogen has come a long way since the time when it was discovered by Henry Cavendish as a component of the water molecule in the 1700s and then given its name of “creator of water” by Henry Lavoisier in 1783. It was later discovered that hydrogen is the most abundant element in the universe and the main component of stars.

Using hydrogen as a fuel is an old idea. It was, again, Cavendish who discovered that it can burn. The idea that hydrogen could be cycled as an energy storage medium is probably as old as the “fuel cell,” developed by William Grove in the early 1800s. In the 1950s and 1960s, the dream of “energy too cheap to meter” associated with nuclear technologies made it possible to think of hydrogen as an energy vector able to carry energy to the points of use, even vehicles, from a limited number of large nuclear plants. The first explicit mention of the concept of “hydrogen economy” was made by John Bockris in 1970. The nuclear promise never materialized, but the concept of the hydrogen economy was later linked to renewable energy.

…click on the above link to read the rest of the article…

 

Entire Dutch Government Resigns Because of Corruption

The Entire Dutch Government resigned today showing that career politicians are just corrupt and this is what we will see as revolutions start to unfold. The resignations came after a scandal involving the mismanagement of childcare funds where the politicians demanded thousands of families into financial hardship had to repay the money they were given. An investigation revealed last December that tax officials wrongly accused thousands of working families of fraud. They ordered them to repay childcare benefits between 2013 and 2019.

This is yet another example of how corrupt governments have become and why Republics always fail. It is time that we give DEMOCRACY a try where people MUST be qualified to run for office and the term limit is one time ONLY. No career politicians. The people must oversee the bureaucracy or our future will always be in jeopardy. All legislation MUST be voted on by the people.

Creating an online means to vote can easily be secure. You vote with your Social Security number which is then crossed reference to the income tax records and SS payments for disabilities. That way one vote per LIVING person – no dead people and no-nonsense of mail-in ballots. You cannot scan the same vote twice and no human counts the votes. If we can buy secured online from Amazon, surely we can also vote in a secured manner.

 

Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans

Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans

It’s odd to see it occur while almost every market reports record home sales. 

Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high in Q3 2020. The record was reached with the biggest surge in the annual rate of growth since the Great Recession.

Today’s data point is the allowance for credit losses, specifically for mortgages. You might have already guessed what this is – the amount banks set aside in the event of non-payment. When lenders expect a loan has become unrecoverable, they have to add more money to this pile. We’re going to be looking at the aggregate amount across all lenders.

The amount set aside for losses has climbed to a new record high, and is growing unusually fast. Allowances reached $3.9 billion in Q3 2020, up 22.01% from the previous quarter. This represents an increase of 54.11% when compared to the same quarter last year. It’s not just a record high for dollars, but also the highest rate of growth in over a decade.

Biggest Growth Loss Allowances Since Great Recession

Mortgage loss allowances at Canadian lenders grew at the fastest pace since the Great Recession. There’s been consistent growth since 2018, but the annual rate of growth has been tapering. That is, until the most recently reported quarters. Both Q2 and Q3 in 2020, showed a very large surge in growth. It was Q3’s annual growth that was the largest print since 2009 though.

…click on the above link to read the rest of the article…

2021 may be the year that the world loses confidence in the dollar

Nearly 186 years ago to the day, on January 8, 1835, US President Andrew Jackson accomplished what no other American president has done before, or since: he paid off the national debt.

Jackson was a staunch fiscal conservative. He despised banks, and, according to his biographer, he considered central banking “black magic”, and the national debt a “moral failing”.

So he paid it all off– roughly $5 million.

That was the first and only time that the US national debt was zero. By the end of 1835, the debt had increased to a trivial $33,733. Within three years it was 100x that amount at $3.3 million. And by 1847 it had increased another 10x to $33 million.

The trajectory continued; the national debt crossed $1 billion for the first time during the Civil War. Then $10 billion for the first time during World War I. Then $100 billion for the first time during World War II.

It crossed $1 trillion for the first time during the peak of the Cold War in the early 1980s.

And it crossed $10 trillion for the first time in 2008 after years of war in Iraq and Afghanistan, followed by the Global Financial Crisis.

The national debt is now nearly $28 trillion– 40% larger than the entire US economy. And the debt will most certainly hit $30 trillion over the next several months.

Last year alone the debt grew by $4.5 trillion due to all the Covid stimulus.

This matters. Because, sooner or later, that debt is going to mature and will need to be repaid.

Now, traditionally, whenever government bonds mature, many investors simply reinvest their proceeds into a brand new bond.

In this way, the government doesn’t actually have to pay anyone back; they just keep refinancing and kicking the can down the road farther out into the future.

…click on the above link to read the rest of the article…

united states, simon black, us dollar, sovereign man, world reserve currency, fiat currency, government, debt,

Silver Eagle Sales Explode During First Two Weeks In January

Silver Eagle Sales Explode During First Two Weeks In January

With the continued disintegration of the economic and financial system in 2021, investment demand for physical precious metals continues to be strong.  After the U.S. Mint posted a stunning 2.7 million Silver Eagles sold during the first week in January, they just posted another update, which already blew past last year’s figure by a wide margin.

Remarkably, just the U.S. Mint Silver Eagle sales for the first two weeks in January accounts for 7% of the average monthly global silver mine supply.  That’s a lot of silver demand, considering the U.S. Silver Eagle sales are only a small segment of the total global silver market.  As I have mentioned in several articles, if we see another record year of physical and ETF silver demand this year like we had last year, the silver price will likely surpass the $35 level.

Now, according to the U.S. Mint’s most recent update, they sold almost 2 million more Silver Eagles this week to the Authorized Dealers.  Total Silver Eagle sales as of Jan 12th, are 4,646,000.  Already, for the first half of the month, the U.S. Mint sold 800,000 more Silver Eagles than during the entire month last year.

What’s interesting about Silver Eagles, even though the quality of .999 silver is less than its closest competitor, the Canadian Silver Maple coin at .9999 silver, the premium is higher.  Silver Eagle premiums can run $1+ more than a Canadian Silver Maple.  But, for whatever reason, Americans continue to buy a lot more Silver Eagles than Silver Maples.

With demand for silver investment reaching a record last year, Silver Eagle sales surpassed 30 million in 2020.

…click on the above link to read the rest of the article…

srsrocco report, us silver eagles, silver, silver coins, precious metals,

Electricity Has Been in a Slump for 14 Years, But All Heck Has Broken Loose in How it’s Generated

Electricity Has Been in a Slump for 14 Years, But All Heck Has Broken Loose in How it’s Generated

Electricity generating capacity additions & retirements in 2021, and the long-term change in the power mix.

In 2021, developers and power plant owners plan to bring 39.7 gigawatts (GW) of new electricity generating capacity on line, and retire 9.1 GW in generating capacity, for a net increase in capacity of 30.6 GW, according to the EIA today. 70% of the capacity additions will be from wind and solar, 16% will be from natural gas, and 3% will be from a nuclear reactor. These are utility-scale power generators and exclude rooftop solar. Of the retirements, 86% will be coal and nuclear.

Electricity generation in the US has been a no-growth business since 2006, as efficiencies in electrical equipment (LED lights, appliances, air conditioning, etc.) and further offshoring of manufacturing have kept consumption roughly stable despite growth in the economy and population. But where all heck has broken loose is in how this power is being generated (data via the EIA).

Coal-fired power generation has collapsed by over 60% in 12 years, from around 169 GW hours per month on average in 2008 to 65 GW hours per month on average over the past 12 months, according to data from the EIA. It went from “King Coal” by a wide margin in 2008 (black line in the chart below) to #3, after surging natural gas-fired power generation (green line) blew by it in 2015 as the US has become the largest NG producer in world. And toward the end of 2020, coal fell even below nuclear power (brown line).

In a few years, wind and solar combined (red line) will blow by coal as well. With wind and solar, the big enticement for power generators is that the “fuel” is free and that there won’t be any “fuel” price increases in the future, no matter what inflation will do:

…click on the above link to read the rest of the article…

wolfstreet, wolf richter, electricity generation, fossil fuels, renewable power, electricity

The Great Reset: The Western Path to Dekulakization

The Great Reset: The Western Path to Dekulakization

 

One of the Soviet propaganda posters promoting the collectivization of agriculture in the 1930s. On the lower right, you can see a small man opposing the line of the marching peasants, He is recognizable as a “Kulak,” one of the local independent farmers who were dispossessed and partly exterminated to leave space for collectivized farms, considered more efficient. There exist several similarities between the fall of the Kulaki and the current “Great Reset” that sees the destruction of a number of economic activities, such as retail commerce, seen as inefficient in comparison to modern electronic commerce.

In the 1930s, the Soviet Union carried out the “dekulakization (раскулачивание) of Ukraine. It was the term given to the removal of the relatively wealthy, independent farmers (“kulaki“), to be replaced by collective farms. Their properties were confiscated, many of them were relocated to remote regions, and some were exterminated. We don’t know the exact numbers, but surely we are in the range of a few million people. The transition to collectivized farms may have been one of the causes of the great Ukrainian famine of the early 1930s, known as the “Holodomor,”

The reasons for the dekulakization are several. In part, they were related to the belief that large-scale, centrally planned enterprises were the most efficient way to organize production. Then, the Kulaki were seen as a potential enemy for the Soviet Government, while the region they occupied was a strategic asset in terms of food production in an age when famines were an effective war weapon.

But these considerations are not enough to explain why the Kulaki were so ruthlessly destroyed in just a few years. It was, rather, just a simple power game: the Soviet Government aimed at controlling all the means of production of the state. It couldn’t tolerate that an important section of the economy, food production in Ukraine, was independently managed. And so it intervened with all the might it could muster.

…click on the above link to read the rest of the article…

 

Facebook Bans Ron Paul

After criticizing Facebook for censorship, they banned Ron Paul, who must in Zuckerberg’s mind be a Domestic Terrorist because he does not support his anti-Constitution movement. Facebook and Twitter and Google are running the risk that 50% of the population will seek alternatives and refuse to invest in any fund that invests in any of these three. I am getting a lot of emails with people calling in a boycott of all three. They are now in control of the Democrats and will support the suppression of all resistance. There is now no hope of ever getting a real investigation in their corruption.

How Silicon Valley, in a Show of Monopolistic Force, Destroyed Parler

How Silicon Valley, in a Show of Monopolistic Force, Destroyed Parler

In the last three months, tech giants have censored political speech and journalism to manipulate U.S. politics, while liberals, with virtual unanimity, have cheered.

Users of the social media platform Parler encountered this error message as of Jan. 11, 2021, after Apple, Google and Amazon united to remove them from app stores and hosting services (Photo by Lorenzo Di Cola/NurPhoto via Getty Images).

Critics of Silicon Valley censorship for years heard the same refrain: tech platforms like Facebook, Google and Twitter are private corporations and can host or ban whoever they want. If you don’t like what they are doing, the solution is not to complain or to regulate them. Instead, go create your own social media platform that operates the way you think it should.

The founders of Parler heard that suggestion and tried. In August, 2018, they created a social media platform similar to Twitter but which promised far greater privacy protections, including a refusal to aggregate user data in order to monetize them to advertisers or algorithmically evaluate their interests in order to promote content or products to them. They also promised far greater free speech rights, rejecting the increasingly repressive content policing of Silicon Valley giants.

Over the last year, Parler encountered immense success. Millions of people who objected to increasing repression of speech on the largest platforms or who had themselves been banned signed up for the new social media company.

As Silicon Valley censorship radically escalated over the past several months — banning pre-election reporting by The New York Post about the Biden family, denouncing and deleting multiple posts from the U.S. President and then terminating his access altogether, mass-removal of right-wing accounts —…

…click on the above link to read the rest of the article…

 

Bloomberg Analysts: “Gold the Asset to Beat in 2021”

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Gold to spearhead precious metals’ outperformance in 2021, why 2020 was a very good year for national mints, and birdwatcher unearths biggest-ever hoard of Celtic gold in Britain.

Bloomberg analysts: A $2,000 price tag will make gold the asset to beat in 2021

Among traditional assets, it would be difficult to beat gold for the title of top performer in 2020. Having hit a new all-time high of $2,070 in August, the metal has traded around its previous all-time high of $1,911 ever since. And though gold has appeared somewhat rangebound over the previous months, Bloomberg Intelligence senior commodity strategist Mike McGlone sees this as a stepping stone on the way towards an even better year.

According to McGlone, the $2,000 level that gold appears to have had difficulty recapturing is poised to become the metal’s next support, making it the asset to beat once again. “In an investment landscape increasingly dominated by how low — or negative — central banks will set base rates, along with rising debt-to-GDP and QE, we see the foundation solidifying under the price of gold. Resistance at about $2,000 an ounce in 2020 is set to transition to support in 2021,” he explained.

McGlone added rising volatility to the list of reasons why he can’t imagine gold’s price rise stopping, especially as the metal has held steadfast to its upwards-pointing 12-month moving average. In what has by now become a common scenario, McGlone expects gold to continue outperforming the record-setting S&P 500 along with sovereign bonds.

…click on the above link to read the rest of the article…

 

Uprising Against BigTech?

Many are calling it the time to revolt against BigTech. Instead of using Google for searching, which is tracking everything you do, perhaps switch to DuckDuckGo. I would NOT post any personal information on Facebook. Just look at the agenda of the IMF — they will look at everything in the future which is why BigTech is conspiring against the people and the government. While they ban Parlar, when they are banned, then it is illegal.

 

2021 – The Choppiness Ahead

QUESTION #1: OK. Now what? The Democrats seem to be just vindictive and do not represent all the people. Any thoughts on the future?

FC

QUESTION #2:  Hello Martin.
You and Socrates are the only sane people/AI in a totally insane world for the time being. Thanks for that.
From a Swedish perspective, it is completely absurd what we see unfolding in Washington DC among these corrupt politicians. If Trump leaves without some security guarantees, they will probably chase him and his entire family all the way to hell with various accusations, lawsuits, and maybe even arrests. Maybe he can make an art of the deal with Pence and let him step in 24 hours before noon 20th and pardon Trump and his family against all possible accusations or maybe even make an art of the deal with Biden, for the good of the country, etc.

What do you think and what does Socrates say?

BN

ANSWER: Trump’s biggest flaw is he does not know when to stop. Think a rally would show he had support was not necessary because he had the support and a number of Republicans were going to contest the vote despite the fact it would not win. All the conspiracy theories that Pence would just unilaterally declare Trump the winner were absurd. That was a fringe opinion at best. I stated that once the Supreme Court rejected the Texas suit it was over. The absurd statements that they were telling him how to bring the suit were obviously made up by people that do not understand the law. I do think he should step down, cut a deal with Pence, get a pardon for him and his family. The press will never allow him to come back.

…click on the above link to read the rest of the article…

 

We Need a New Media System

We Need a New Media System

If you sell culture war all day, don’t be surprised by the real-world consequences

The moment a group of people stormed the Capitol building last Wednesday, news companies began the process of sorting and commoditizing information that long ago became standard in American media.

Media firms work backward. They first ask, “How does our target demographic want to understand what’s just unfolded?” Then they pick both the words and the facts they want to emphasize.

It’s why Fox News uses the term, “Pro-Trump protesters,” while New York and The Atlantic use “Insurrectionists.” It’s why conservative media today is stressing how Apple, Google, and Amazon shut down the “Free Speech” platform Parler over the weekend, while mainstream outlets are emphasizing a new round of potentially armed protests reportedly planned for January 19th or 20th.

What happened last Wednesday was the apotheosis of the Hate Incera, when this audience-first model became the primary means of communicating facts to the population. For a hundred reasons dating back to the mid-eighties, from the advent of the Internet to the development of the 24-hour news cycle to the end of the Fairness Doctrine and the Fox-led discovery that news can be sold as character-driven, episodic TV in the manner of soap operas, the concept of a “Just the facts” newscast designed to be consumed by everyone died out.

News companies now clean world events like whalers, using every part of the animal, funneling different facts to different consumers based upon calculations about what will bring back the biggest engagement kick. The Migrant Caravan? Fox slices off comments from a Homeland Security official describing most of the border-crossers as single adults coming for “economic reasons.” The New York Times counters by running a story about how the caravan was deployed as a political issue by a Trump White House staring at poor results in midterm elections.

…click on the above link to read the rest of the article…

 

Olduvai IV: Courage
In progress...

Olduvai II: Exodus
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