The modern road to Mulberry Money, Shin Plaster and Cubic Currency.
Today’s world is awash with Fiat Money.
“Fiat” means “let it be so”.
Fiat money is token currency supplied and regulated by governments and central banks. Its value relies on a government decree that it alone must be used as “legal tender” in paying for anything in that country. Its value falls as its supply increases.
The Covid-19 lockdown as a blueprint for a permanent economic shutdown to ‘save the Earth’
By Paul Driessen
More than 1.4 million cases of Wuhan Coronavirus and 106,000 deaths in the United States alone have accompanied stay-home lockdowns, businesses bankruptcies, over 40 million unemployed workers, plummeting tax revenues and unprecedented debt. Ongoing rioting, vandalism, arson and looting are compounding problems for many cities and minority communities.
But where many see disaster, others see opportunity. Some want to use the crises to enact laws and welfare programs they could never get otherwise. More ambitious activists see the lockdown as a blueprint or dress rehearsal for a total energy, economic and lifestyle transformation to “save the planet.” If three months of Covid lockdowns can reduce fuel use and greenhouse gas emissions, they argue, permanent fossil fuel bans are possible, essential and should be undertaken immediately. Continue reading “The Green New Deal Dress Rehearsal”
The Australian Minister for Promoting Useless Energy thinks that hydrogen fuel, carbon capture and storage, soil carbon and biofuels are priorities for energy policy and greenhouse gas reduction.
If that’s the best our leaders can come up with, Australia should have voted Green last election to speed the inevitable recession and blackouts that will eventually kill this tsunami of energy nonsense.
The Nationals oppose the idea of planting more trees to reduce our Carbon emissions. Their objection is that subsidised tree planting will consume arable farms and threaten food security for Australia. It’s a fair point.
So, if we think carbon dioxide is bad and we want to reduce it, we can either reduce our output or lock more carbon away in carbon sinks, where it cannot get back into the atmosphere. Continue reading “Sawmills Save the World”
The response to our appeal for Naomi Seibt has been splendid – but more of us need to help her, because the State Media Authority in North Rhine Westphalia, in the hope of interfering with Naomi’s right to post YouTube videos critical of the Party Line on climate, have menaced her not only with two enormous fines and two sets of costs but also with prison.
The Lockdown Depression is rushing towards us. Many in politics, media and industry are digging the hole deeper, some through panic and ignorance, others cynically pushing anti-industry agendas or serving vested interests.
Canberra breeds many white elephants, but now they are breeding a gigantic new breed of pachyderm in Australia’s Snowy Mountains – a Green Elephant. Grandly named “Snowy 2.0 Hydro-Electric”, it has the compulsory green skin, but it is just another big white elephant under a thick layer of green paint.
Snowy 2.0 plans a hugely expensive complex of dams, tunnels, pumps, pipes, generators, roads and powerlines. Water will be pumped up-hill using grid power in times of low demand, and then released when needed to recover some of that energy. To call it “hydro-electric” is a fraud – it will not store one extra litre of water and will be a net consumer of electric power. It is a giant electric storage battery to be recharged using grid power.
After 20 years of subsidies, intermittent renewables account for just 3.6% of total energy generation. That’s the tiny purple sliver in the graph. Global power means not just electricity, but also fuel used in transport. And this is where wind and solar power are respectively old and slow, or modern but useless.