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President Joe Biden keeps lecturing corporate America to “pay your fair share” of taxes. It turns out he’s right that some companies really are getting away scot-free from paying taxes.

But it isn’t Big Tech companies in Silicon Valley or the Wall Street financial company “fat cats” or big banks or Walmart. They pay billions in taxes.

The culprits here are the very companies that President Biden is in bed with: green-energy firms.

It turns out that despite all of the promises over the past decade about how renewable energy is the future of power production in the United States, by far the biggest tax dodgers in the country are the wind and solar power industries. Over the past several decades, the green-energy lobby—what I call the climate-change-industrial complex—hasn’t been paying its fair share. That’s because the vast majority of these companies pay nearly zero income taxes.

But they wade in rivers of federal direct and indirect subsidies that keep these zombie companies alive. Over the past two decades, the renewable energy lobby has collected more than $250 billion in subsidies—payments that we’ve been assured over and over would be temporary. The argument for these grants, loans, tax abatements, and other sweetheart kisses is that these were “infant industries” in need of a Head Start program for CEOs. Except that these companies have never even reached puberty after all these years.

What’s worse is that President Biden keeps spoiling the children with lavish gifts for bad performance. A new report by tax expert Adam Michel at the Cato Institute finds that the green-energy subsidies—mostly created by Biden policies such as the so-called Inflation Reduction Act—will drain the Treasury of as much as $1.8 trillion over 10 years.”

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

Britain’s Net-Zero Disaster and the Wind Power Scam

December 27, 2023

Britain’s Net-Zero Disaster and the Wind Power Scam

“This is not about complicated issues of cryptocurrency,” Assistant U.S. Attorney Nicolas Roos declared in the Sam Bankman-Fried trial, after accusing the defendant of building FTX on a “pyramid of deceit.” Much the same can be said about the foundations of Britain’s net-zero experiment. Energy is complicated, and electricity is essential to modern society and our quality of life, but as with FTX, the underlying story is straightforward: Wind power and net zero are built on a pyramid of deceit.

Net zero was sold to Parliament and the British people on claims that wind-power costs were low and falling. This was untrue: Wind-power costs are high and have been rising. In the net-zero version of “crypto will make you rich,” official analyses produced by the Treasury and the Office for Budget Responsibility rely on the falsehood that wind power is cheap, that net zero would have minimal costs, and that it could boost productivity and economic growth. None of these has any basis in reality.

The push for net zero began in 2019, when the UK’s Climate Change Committee produced a report urging the government to adopt the policy. Part of the justification was historic climate guilt. In the words of committee chair Lord Deben, Britain had been “one of the largest historical contributors to climate change.” But the key economic justification for raising Britain’s decarbonization from 80 percent to 100 percent by 2050—i.e., net zero—was “rapid cost reductions during mass deployment for key technologies,” notably in offshore wind. These illusory cost reductions, the committee claimed, “have made tighter emission reduction targets achievable at the same costs as previous looser targets.” It was green snake oil.

…click on the above link to read the rest…

Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

January 23, 2023

Carbon Credits Are the Biggest Scam Since Indulgences—How You Can Avoid Being Fleeced

In the Middle Ages, the Catholic Church convinced the commoners to buy indulgences to alleviate their sins. And they made a fortune in the process.

Similarly, today, our overlords—the mainstream media, central bankers, and their political allies—are working overtime to convince the commoners to pay for their alleged climate sins.

Enter carbon credits, government-issued permits that grant you the privilege to emit a certain amount of carbon dioxide.

Although advocates promote them as a way to “save the environment,” in reality, carbon credits are nothing more than a devious mechanism to tax, regulate, and control you.

It’s not a coincidence that the most philosophically and ethically bent people are promoting them.

For example, at a recent World Economic Forum (WEF) meeting in Davos, participants revealed and touted an “individual carbon footprint tracker.” It will track where people travel, how they travel, what they eat, and what they consume.

Carbon accounting is already creeping into many places, like Google Flights.

A federal carbon tax is already a reality in Trudeau’s Canada, and it’s causing the price of food and other goods and services to soar. But Canadians haven’t seen anything yet—the federal carbon tax will triple by 2030.

In short, there’s a growing push to implement the carbon credit scam worldwide. And that’s not a coincidence.

Remember, central banks only exist to harvest wealth from the populace through inflation and redirect it to the politically connected, an insidious practice known as seigniorage.

Fiat currency is the usual mechanism central banks use to perpetuate this fraud. They get most people to run on a hamster wheel most of their lives chasing after confetti money they create with no effort.

However, there is a limit to this process.

…click on the above link to read the rest…

Covid: A Collision of Historical and Scientific Illiteracy

January 6, 2022

Covid: A Collision of Historical and Scientific Illiteracy

It’s been a year since I’ve written anything for this blog. The reason, frankly, is that I have been at a loss for words. What has happened to human society in the last two years has been, for anyone with an understanding of history, beyond belief.

Of course, it should not be beyond belief because we know history repeats itself. And in the last two years it has been repeating with a vengeance.

I spent 18 years working to understand, and help others understand, the crimes of September 11, 2001. Those crimes were never honestly investigated apart from the work of independent researchers. The official accounts are widely known to be false and those who have taken the time to look deeper have found that there are good reasons to believe that people within government and major corporations were involved in planning and executing the attacks.

September 11th was a deception used by rich and powerful people to steal resources, consolidate power, and control the masses. It was just one example of such a mass deception. Others include the following.

The CIA’s assassination of JFK
The false Gulf of Tonkin incident that escalated the CIA’s war in Vietnam
The deceptions used to justify the 1991 Gulf War
The government-sponsored 2001 anthrax attacks
Claims of weapons of mass destruction used to justify the second invasion of Iraq
The many manufactured terrorist events following 9/11
Previously hyped pandemics, including the 2005 “Bird Flu” and 2009 “Swine Flu” that were grossly exaggerated by the World Health Organization for the benefit of big pharma companies

Along with these conveniently over-looked crimes, the last 18 months have shown that the 9/11 lie was not taken seriously. Anyone who still believes that governments and media care about our health has forgotten that deep state actors murdered thousands of citizens on 9/11…

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

Today’s Contemplation: Collapse Cometh XXXI

November 2, 2021

Today’s Contemplation: Collapse Cometh XXXI

So, dozens of political leaders, their hundreds of staff, multitudes of corporate leaders, and who knows how many ‘celebrities’ have all gathered in Glasgow, Scotland for an elite confab (#26) to discuss the ‘Climate Crisis’. Heaven knows how many resources have been extracted and pollutants dispersed in this latest political theatre (mostly? all? at taxpayer expense). The irony is not lost on many, except perhaps much of the mainstream media that tends to simply regurgitate political media releases and share simplistic narratives for exceedingly complex issues — it is indeed difficult to get someone to understand something if their income depends on them not understanding it.

Needless to say I expect little of substance to result from this event. In fact, I am increasingly seeing this event as an expo for marketing of ‘green/clean’ energy products (and making sure most? all? countries pursue purchasing them) that do not address our fundamental predicament — ecological overshoot — of which greenhouse gases is but one negative consequence (and not even the worst). And, of course, all of this provides the justification to create trillions of more dollars out of thin air (the debt held by a variety of the ruling class) that will be funnelled towards specific industries (owned by others of the ruling class) while doing little to reduce actual consumption or ecologically-destructive extraction industries.

This is increasingly looking not like a problem that can be solved but a predicament that may at best be mitigated on the margins. One of the most significant dilemmas, however, appears to be the ‘solutions’ that are being bandied about also appear to be the ones that will simply make the situation worse: increasing technology and complexities in the form of ‘renewables’.

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

Tens Of Millions Of People Displaced By The ‘War On Terror’, The Greatest Scam Ever Invented

September 10, 2020

Tens Of Millions Of People Displaced By The ‘War On Terror’, The Greatest Scam Ever Invented

A new report from Brown University’s Costs of War project has found that at least 37 million people have been displaced as a result of America’s so-called “war on terror” since 9/11, a conservative estimate of a number that may actually be somewhere between 48 million to 59 million.

That number, “at least 37 million”, happens by pure coincidence to be the exact same number of Americans reported to suffer from food insecurity because their government spends their wealth and resources killing and displacing people overseas.

This inconvenient revelation, which was actually reported on by The New York Times for once, is causing conniptions for all the right people, with The Washington Post‘s neoconservative war propagandist Josh Rogin ejaculating, “The @nytimes should be ashamed for running this as ‘analysis.’ Blaming the U.S. for the displacement of 7 million Syrians is crazy and dishonest. Way to launder anti-American propaganda.”

Sure Josh, it’s not like the extremist forces who flooded Syria with the goal of toppling Damascus were backed by the US and its allies and sprung into existence as a direct result of the regional destabilization caused western interventionism in the name of fighting terror. Oh wait no that’s exactly what happened.

“This has been one of the major forms of damage, of course along with the deaths and injuries, that have been caused by these wars,” the lead author of the report David Vine told The New York Times. “It tells us that U.S. involvement in these countries has been horrifically catastrophic, horrifically damaging in ways that I don’t think that most people in the United States, in many ways myself included, have grappled with or reckoned with in even the slightest terms.”

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

The Economic “Reopening” Is A Fake Out

May 24, 2020

The Economic “Reopening” Is A Fake Out

How does one define an economic “reopening”? I think most people would say that a reopening means that everything goes back to the way it was before the crisis; or at least as close as possible. Most people would also say that a reopening is something that will last. Simply declaring “America has reopened” while keeping many restrictions in place in certain parts of the country is a bit of a farce. And, reopening with the intention of implementing lockdowns again in a matter of weeks without explaining the situation to the public is a scam of the highest order.

For example, states like New York, California, Illinois and New Jersey have extended their lockdowns; with LA’s extension remaining ambiguous after they initially declared restrictions for another 3 months. New York’s lockdown is extended to the end of May (so far). This is the case in many US states and cities, while rural areas are mostly open. This is being called a “partial reopening”, but is there a purpose behind the uneven approach?

As I predicted in my article ‘Pandemic And Economic Collapse: The Next 60 Days’, the restrictions will continue in major US population centers while rural areas have mostly opened with much fanfare. The end result of this will be a flood of city dwellers into rural towns looking for relief from more strict lockdown conditions. In about a month, we should expect new viral clusters in places where there was limited transmission. I suggest that before the 4^th of July holiday, state governments and the Federal government will be talking about new lockdowns, using the predictable infection spike as an excuse.

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

BIGGEST BREAKTHROUGH IN ENERGY: Petroteq Losses Nearly 90% Of Its Value Since Last Report

November 27, 2019

BIGGEST BREAKTHROUGH IN ENERGY: Petroteq Losses Nearly 90% Of Its Value Since Last Report

Every day a new sucker is born. That’s precisely why companies like Petroteq exist. Since I exposed Petroteq back in March 2018, the company has lost nearly 90% of its value. However, that hasn’t stopped the company from issuing new stock and racking up millions of dollars in funds to keep the scam alive.

I call Petroteq… the GIFT that keeps on TAKING.

Over the past year and a half, I have received several emails from followers or individuals who saw my article and asked if Petroteq was a good investment. I gather my article published on March 16th, 2018 didn’t provide enough information to “Educate” the individual on why Petroteq was a crappy company.

So, I decided it was best to do an update or PART 2 on the disaster called Petroteq.

Again, back in March, I posted this article on Petroteq, BIGGEST BREAKTHROUGH IN ENERGY: Investor Warning

If you haven’t read the article, I would recommend it. I am not going to rehash the information that I wrote back in March 2018, but what I am going to do is to show that this company continues to BAMBOOZLE INVESTORS even though the stock price is heading to ZERO.

I first came across the company from an article “TEASED” on Oilprice.com about a new technology that claims to produce oil at $20 a barrel.

Clean Oil That Only Costs $20

At first, I didn’t know what to think about this company because why would the editor in chief at Oilprice.com, James Stafford, publish this on their website if the company wasn’t legit? However, after a bit of research, I found out that Petroteq was nothing more than your typical RUN-OF-THE-MILL Stock scam.

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

The Company Store

May 4, 2019

The Company Store

Leaves almost nothing to live on

In the song Sixteen Tons by Merle Travis (and made famous by Tennessee Ernie Ford), the idea of the ‘company store’ referred to a system of debt bondage that effectively trapped workers within an unfair system designed to harvest all of their labor at very low cost.

You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don’t you call me ’cause I can’t go
I owe my soul to the company store
Sixteen Tons – Merle Travis

How exactly did the company store system operate?

Under a scrip system, workers were not paid cash; rather they were paid with non-transferable credit vouchers that could be exchanged only for goods sold at the company store. This made it impossible for workers to store up cash savings.
Workers also usually lived in company-owned dormitories or houses, the rent for which was automatically deducted from their pay.
(Source – Wiki)

This model was simple enough to understand. “Pay” your workers with scrip vouchers, then sell them your marked up goods at the company store, pocketing a nice profit. On top of that, force your employees to live in company housing, too, also at terms very favorable to the company.

Add it all up and the workers found themselves in perpetual service to their employer. No matter how hard and long they toiled, there was nothing left for their own private benefit after all was said and done. The company succeeded in skimming off any and all ‘excess’ for itself.

This vast unfairness eventually led to the formation of unions as well as to regulations providing protection to the workers.

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

Global Warming A “Hoax And Scam” Pushed By Greedy Government Scientists: Greenpeace Co-Founder

March 8, 2019

Global Warming A “Hoax And Scam” Pushed By Greedy Government Scientists: Greenpeace Co-Founder

The co-founder and former president of Greenpeace, Patrick Moore, says that climate change is a “complete hoax and scam,” which has been “taking over science with superstition and a kind of toxic combination of religion and political ideology.”

Moore, who recently made headlines for calling Rep. Alexandria Ocasio-Cortez a “pompous little twit” and “garden-variety hypocrite” on climate change, sat down with SiriusXM’s Breitbart News Tonight with hosts Rebecca Mansour and Joel Pollak.

The Greenpeace co-founder’s message echoes that of John Coleman, the late Weather Channel founder who called global warming “the greatest scam in history.”

Moore told Breitbart how fear and guilt are driving the climate change argument, reports Breitbart News.

Fear has been used all through history to gain control of people’s minds and wallets and all else, and the climate catastrophe is strictly a fear campaign — well, fear and guilt — you’re afraid you’re killing your children because you’re driving them in your SUV and emitting carbon dioxide into the atmosphere and you feel guilty for doing that. There’s no stronger motivation than those two.

LISTEN:

According to Moore, the climate change movement has co-opted and corrupted politicans and bureaucracies in order to exert further control over people, Moore explained – noting that “green” companies only exist on the back of taxpayers.

And so you’ve got the green movement creating stories that instill fear in the public. You’ve got the media echo chamber — fake news — repeating it over and over and over again to everybody that they’re killing their children, and then you’ve got the green politicians who are buying scientists with government money to produce fear for them in the form of scientific-looking materials, and then you’ve got the green businesses, the rent-seekers and the crony capitalists who are taking advantage of massive subsidies, huge tax write-offs, and government mandates requiring their technologies to make a fortune on this, and then of course you’ve got the scientists who are willingly, they’re basically hooked on government grants.

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

60 minutes promotes what is probably a cellulosic biomass scam on 2019-1-6

January 11, 2019

60 minutes promotes what is probably a cellulosic biomass scam on 2019-1-6

Preface. Hey 60 minutes, do some fact checking first.

On January 6, 2019, 60 Minutes had a segment on an amazing biofuels breakthrough invention by Marshall Medoff, an “81-year old eccentric with no science degree” (watch the video or read the transcript here).

His stunning innovation has won over many famous board members, such as Steven Chu, the former Secretary of Energy, as well as Shell Oil executive Sir John Jennings, George Shultz, former secretary of state and former defense secretary, William Perry.

Medoff’s company, Xyleco, has also garnered hundreds of millions of dollars from investors impressed with his inventive use of accelerators. Sixty minutes describes this as his “novel idea of using these large blue machines called electron accelerators to break apart nature’s chokehold on the valuable sugars inside plant life – or biomass”.

But wait! There are thousands of research papers going back as far as Imamura (1972) about using electron accelerators to break down lignocellulosic biomass. This is done to create more surface area for the next step, in Xyleco’s case, enzymes to break down the cellulose further. Other ways biomass can be shattered are milling, chipping, shredding, grinding, and pyrolysis.

But all of these are highly energy intensive methods. In fact, one paper thought that electronic beams were probably economically infeasible (Saini 2015).

This plant is also likely to fail because all other commercial level cellulosic ethanol plants have gone out of business. Only one plant still exists, POET’s $275 million Emmetsburg, Iowa facility, with a capacity of 25 million gallons per year. I can’t find out how much was actually produced there, but even if all 25 million gallons were made, that is a far cry from the 8.5 billion gallon cellulosic ethanol mandate of 2007, which will be reduced to 418 million gallons in 2019 because cellulosic ethanol is clearly not commercial yet (Rapier 2018).

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

IMF Reveals That Cryptocurrency Is The New World Order End Game

November 22, 2018

IMF Reveals That Cryptocurrency Is The New World Order End Game

There are two kinds of globalist schemes: First, there are the schemes they spring on the public out of nowhere haphazardly in the hopes that the speed of the event along with some shock and awe will confuse the masses and make them psychologically pliable. This strategy loses effectiveness quickly, though; the longer the plan takes to implement, the more time the people have to reconsider what is actually happening and why.

Second, there are schemes they slowly implant in the collective psyche of the citizenry over many years, much like subliminal messaging or hypnosis. This strategy is designed to make the public embrace certain destructive ideologies or ideas as if these ideas were their own.

The cryptocurrency scam is of the second variety.

I have been suspicious of the cryptocurrency narrative of a “decentralized and anonymous monetary revolution” since 2009, when I was first approached by people claiming to be “representatives” of bitcoin and asked to become a promoter of the technology. After posing a few very simple questions and receiving no satisfactory answers, I declined to join the bandwagon or act as a frontman.

The “currency” was backed by nothing tangible (and no, math is not a tangible resource). Anyone could create a cryptocurrency out of thin air that had attributes identical to bitcoin, therefore there was no intrinsic value to the technology and nothing stopping the creation of thousands of similar currency systems, eventually making bitcoin worthless. The scarcity argument for crypto was fraudulent. And, in the event of a grid down or an internet lock-down scenario (as has occurred in the past in nations under crisis), crypto was useless because the blockchain ledger was no longer accessible.

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

Pushing Past the Breaking Point

November 3, 2018

Pushing Past the Breaking Point

Schemes and Shams

Man’s willful determination to resist the natural order are in vain. Still, he pushes onward, always grasping for the big breakthrough. The allure of something for nothing is too enticing to pass up.

From the “displays of disbelief, revealing touching old-fashioned notions” file… [PT]

Systems of elaborate folly have been erected with the most impossible of promises. That prosperity can be attained without labor. That benefits can be paid without taxes. That cheap credit can make everyone rich.

Central to these promises are the central government and central planning authorities. They take your money and, in return, they make you a dependent. They promise you a secure retirement, and free drugs, while running a scheme that’s well beyond anything Charles Ponzi ever dreamed of.

According to the government’s statistics, the economy has never been better. By the official numbers, we’re living in a magical world of full employment, 2.3 percent price inflation, and the second-longest growth period in the post-World War II era. Agreeable reports like these are broadcast each month without question.

Still, we have some reservations. How come, with the nirvana of full employment, 62 percent of all U.S. jobs don’t pay enough to support a middle class life? An economy with full employment should be an employee’s market; one where employees can name their price.

Surely, workers would select a middle class life if they could. But they can’t… because full employment is a sham.

Left: Charles Ponzi back in his heyday. Right: the almost free lunch, a.k.a. the no free lunch theorem ATM [PT]

An $8 Trillion Purge

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

What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing Scams to Make a Fortune Overnight, even if They Already Crashed the First Time?

April 3, 2018

What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing Scams to Make a Fortune Overnight, even if They Already Crashed the First Time?

It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

Shares of “blockchain” company LongFin (LFIN) plunged 17% today to $14.31, the sixth trading day in a row of plunges. Intraday on Friday, March 23, shares still traded at $73. The astonishing thing isn’t that they’ve plunged 81% over those six trading days, but that they had more than doubled over the prior two weeks, and that they’re still trading above penny-stock status to begin with.

LFIN started trading on December 13, following their IPO. On December 15, LongFin announced – with what I called it “a mix of gobbledygook, hype, and silliness” – that it had acquired a “Blockchain-empowered solutions provider,” namely a website that belonged to a Singapore corporation that is 95% owned by Longfin’s CEO and chairman.

Though neither the announcement nor the transaction passed the smell-test, shares skyrocketed 2,700% to an intraday high of $142.55 on December 18, giving it a market cap of $7 billion and making it the role model for a bevy of other “blockchain” companies. Then, as stock jockeys grappled with reality, shares plunged. As did the shares of other “blockchain” companies.

But then on March 12, it started all over again, when index provide FTSE Russell announced that LongFin would be added to some of its indices, including the widely-tracked Russell 2000, effective March 16:

Then all kinds of things happened.

On March 26, short-seller Citron Research tweeted: “If you are fortunate enough to get a borrow, indeed $LFIN is a pure stock scheme. @sec_enforcement should not be far behind. Filings and press releases are riddled with inaccuracies and fraud.”

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

How Much Longer Can We Get Away With It?

March 16, 2018

How Much Longer Can We Get Away With It?

Alas, fakery isn’t actually a solution to fiscal/financial crisis..

This chart of “debt securities and loans”–i.e. total debt in the U.S. economy–is also a chart of the creation and distribution of new money, as the issuance of new debt is the mechanism in our financial system for creating (or “emitting” in economic jargon) new currency: when a bank issues a new home mortgage, for example, the loan amount is new currency created out of the magical air of fractional reserve banking.

Central banks also create new currency at will, and emitting newly created money is how they’ve bought $21 trillion in assets such as bonds, mortgages and stocks since 2009. Is there an easier way to push asset valuations higher than creating “money” out of thin air and using it to buy assets, regardless of the price? If there is an easier way, I haven’t heard of it.

Which brings us to the question: how much longer can we get away with this travesty of a mockery of a sham? How much longer can we get away with creating “money” by issuing new debt/liabilities to grease the consumption of more goods and services and the purchases of epic bubble-valuation assets?

Since humans are still using Wetware 1.0 (a.k.a. human nature), we can constructively refer to the Roman Empire’s experience with creating “money” with no intrinsic value. The reason why the Roman Empire (Western and Eastern) attracts such attention is 1) we have a fair amount of documentation for the period, something we don’t have for other successful empires such as the Incas, and 2) we’re fascinated by the decline and collapse of the Western Empire, a structure so vast and successful that collapse seemed impossible just a few decades before the final unraveling.

One of the books I’m currently enjoying is The Fate of Rome: Climate, Disease, and the End of an Empire, a new exploration of the impact of climate change and pandemics on the Roman Empire’s final few centuries.

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

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