Speculative uncertainties caused by previously latent but now unleashed inflationary and deflationary forces are now clearly evident. A deflationary collapse in demand is again in motion which monetary authorities may attempt to offset by a hyperinflationary deluge of printed money.
Much more on this at the end.
In the manner of climate
Australia’s High Quality Data: 12-year-sites used for “long term” trends
What would you say if you knew our high quality temperature record included sites with 100 year long “records” which were based on just 12 years of data and some undisclosed method was used to construct 90% of the graph?
Acid Oceans and Acid Rain
Matt Ridley writes about ocean acidification
Oct 31, 2010
It’s Time To Pardon Carbon
By Dr. Larry Bell, UAH in Forbes.com
CO-2’s bad rep is undeserved.
It’s high time we recognize that carbon dioxide has been treated unfairly. Not only have the good deeds of that wonderful molecule so essential to rain forests, begonias and plants that feed God’s creatures been ignored, it has even come to be demonized as an endangering pollutant and climate-ravaging menace. What real evidence has been offered up to support these defamatory charges? Absolutely none.
Nov 03, 2010
Arctic Temperatures and Ice - Why it is All About Natural Variability
By Joseph D’Aleo, CCM
Update: See Guest Post By Arnd Bernaerts on Verity Jones’ Digging in the Clay here with much more on the arctic. See also here how the decade is almost up for the arctic ice disappearing here.
On October 21st the Associated Press hit the wires with a story entitled ”Sea Ice Melting as Arctic Temperatures Rise.”
The temperatures in the arctic have indeed risen in recent years and ice has declined, bottoming out in 2007 but it is not unprecedented nor unexpected. The arctic temperatures and arctic ice extent varies in a very predictable 60-70 year cycle that relates to ocean cycles which are likely driven by solar changes.
In 2007, NASA scientists reported that after years of research, their team had assembled data showing that normal, decade-long changes in Arctic Ocean currents driven by a circulation known as the Arctic Oscillation was largely responsible for the major Arctic climate shifts observed over the past several years. These periodic reversals in the ocean currents move warmer and cooler water around to new places, greatly affecting the climate. The AO was at a record low level last winter explaining the record cold and snow in middle latitudes. A strongly negative AO pushes the coldest air well south while temperatures in the polar regions are warmer than normal under blocking high pressure. /continues
Nov 04, 2010
Greens desperate to avoid blame
Environmentalists are trying to stomp out the suggestion that they had anything to do with the tidal wave that washed away US House Democrats in Tuesday’s midterm elections.
Who are the deniers now?
This story below came in this morning about Roger Helmer MEP (UK), who was invited to speak to the VC of East Anglia (ie. Climategate central). He asked if he could bring “two friends”, which was fine until they turned out to be Monckton and Delingpole, at which point the UEA’s staff were suddenly forced into a demeaning dance, doing all they could to limit the damage by artificially splitting up the group into separate appointments. /more
Global Warming Hoax Weekly Round-Up, Nov. 4th 2010
Geo-engineers, the wild-eyed mad scientists who want to seed clouds, dump iron into the oceans and erect shiny sails in space were shut down by the UN. Either the ideas were really crazy or the UN figured Israel was profiting somehow; there’s no other way to explain the UN’s rapid response.
Warmists spent $52 million to study the warming Bering Sea, just in time to record the three coldest years ever.
Why AGW Is Logically Impossible
Bankruptcy of U.S. is ‘Mathematical Certainty,’ Says Former CEO of Nation’s 10th Largest Bank
John Allison, who for two decades served as chairman and CEO of BB&T, the nation’s 10th largest bank, told CNSNews.com it is a “mathematical certainty” that the United States government will go bankrupt unless it dramatically changes its fiscal direction.
Dollar Begins Crash in Response to QE2 as Gold Scores New High
Earlier this year, Lindsey Williams told Alex Jones the globalists would devalue the dollar and jack up the price of oil. Both are now happening.
CLSA’s Chris Wood Says Bernanke Will Continue “Mad Experiment” Until He Kills US Dollar Paper Standard, Looks Toward QE3
The announcement of QE2 has come in as expected, namely an incremental approach. Still, the approach is sufficiently gung-ho to continue to give the benefit of the doubt to the risk trade.
(Quantitative easing is just devaluation [a hidden tax])
Goldman: Real Cost Of Fed “Easing” Will Exceed $2 Trillion – Gold Hits Record High
Goldman Sachs anticipates that the real cost of the second round of quantitative easing will be in excess of $2 trillion and will continue well into 2012, while other prominent economists have denounced the Fed’s actions.
WASHINGTON and BEIJING - Germany yesterday dubbed the U.S. Federal Reserve's money-printing policy as "clueless," and China rebuffed a U.S. plan to set limits for trade imbalances, setting the stage for what could be a fractious G20 summit next week.
Washington believes an undervalued yuan is a major cause of economic imbalances and has pressed Beijing, largely in vain, to let it rise more swiftly to reflect the strength of the world's second-largest economy.
The waters of the debate have been muddied by the Federal Reserve's decision to buy US$600-billion in long-term bonds with new money in an effort to revive the flagging U.S. economy.
Resentment is rumbling worldwide that the initiative will generate even more instability by ramping up currencies against the U.S. dollar, inflating asset bubbles and increasing inflation.
"With all due respect, U.S. policy is clueless," German Finance Minister Wolfgang Schaeuble told a conference. The problem "is not a shortage of liquidity. It's not that the Americans haven't pumped enough liquidity into the market, and now to say let's pump more into the market is not going to solve their problems."
New U.S. unemployment figures yesterday, showing a surprisingly strong 151,000 jobs were created in October, caused some analysts to question whether the Fed's pledge was even necessary.
Is Bernanke a globalist? Perhaps there is method behind the madness.
Shadowy ‘Foundation X’ Group Offers To Give UK Government Billions
A mysterious organisation called Foundation X has offered the British Government £5billion and wants nothing in return, according to a Tory peer. The old saying tells us that there’s no such thing as a free lunch and in these testing economic times, an offer of no-strings cash seems far too good to believe.
Sounds to me like someone has a guilty conscience.
British Lord - 'I Laundered Money for Terrorists for the Bank of England
Lies cost British MP his seat
A former British immigration minister lost his seat as an MP yesterday after he was accused of smearing his opponent in last May's general election by linking him to Muslim extremists.
A special elections court decided Labour MP Phil Woolas should be barred from being elected to the House of Commons for three years and that the election in the Oldham East and Saddleworth riding should be re-run.
Mr. Woolas was found guilty of knowingly making false statements about his opponent Elwyn Watkins.
Calling the verdict "a historic victory" for voters, Mr. Watkins said, "I hope this judgment makes it very clear that if you deceive your constituents you should be kicked out of parliament."
Tea Party Movement Is Europe’s Latest Anti-American Bogeyman
Fearful that disenchanted voters in Europe may try to replicate the American Tea Party movement on European soil, media outlets across the continent are resorting to anti-Americanism in an effort to discredit American voters.
Merkel’s Message to the West: Be Not Afraid
Self-censorship in the face of Islamist violence directed against free speech does not demonstrate respect for other cultures. It shows fear.
Is California Hopeless?
On Tuesday, running counter to most of the rest of country, the citizens of California simply stuck their collective heads in the sand and said: Fiscal insolvency? Bring it on!
Soros invested a million bucks to get cannabis use legalised in California. The pot smokers voted against him. Tough shit George, couldn't happen to a nicer pr*ck.
UN, Soros Push Global Tax To Fight Man-Made Climate Change
A top UN panel on Friday called for increased taxes on carbon emissions and air and sea transport to raise 100 billion dollars a year to combat climate change.
The delightful regime that Cameron is so enthusiastic about:
Israel: Jews must breed with Jews only to keep the chosen race pure or face prison
Thanks: Icecap, Junk Science, Climate Realists, Jo, Prison Planet
Fiat currencies like carbon credits, the dollar, pound, euro etc are crimes against humanity. For the profit of a handful of "humans".
Example of deposit multiplication
The table below displays how loans are funded and how the money supply is affected. It also shows how central bank money is used to create commercial bank money from an initial deposit of $100 of central bank money. In the example, the initial deposit is lent out 10 times with a fractional-reserve rate of 20% to ultimately create $400 of commercial bank money. Each successive bank involved in this process creates new commercial bank money on a diminishing portion of the original deposit of central bank money. This is because banks only lend out a portion of the central bank money deposited, in order to fulfill reserve requirements and to ensure that they always have enough reserves on hand to meet normal transaction demands.The process begins when an initial $100 deposit of central bank money is made into Bank A. Bank A takes 20 percent of it, or $20, and sets it aside as reserves, and then loans out the remaining 80 percent, or $80. At this point, the money supply actually totals $180, not $100, because the bank has loaned out $80 of the central bank money, kept $20 of central bank money in reserve (not part of the money supply), and substituted a newly created $100 IOU claim for the depositor that acts equivalently to and can be implicitly redeemed for central bank money (the depositor can transfer it to another account, write a check on it, demand his cash back, etc.). These claims by depositors on banks are termed demand deposits or commercial bank money and are simply recorded in a bank's accounts as a liability (specifically, an IOU to the depositor). From a depositor's perspective, commercial money is equivalent to central bank money – it is impossible to tell the two forms of money apart unless a bank run occurs (at which time everyone wants central bank money).
At this point, Bank A now only has $20 of central bank money on its books. The loan recipient is holding $80 in central bank money, but he soon spends the $80. The receiver of that $80 then deposits it into Bank B. Bank B is now in the same situation as Bank A started with, except it has a deposit of $80 of central bank money instead of $100. Similar to Bank A, Bank B sets aside 20 percent of that $80, or $16, as reserves and lends out the remaining $64, increasing money supply by $64. As the process continues, more commercial bank money is created. To simplify the table, a different bank is used for each deposit. In the real world, the money a bank lends may end up in the same bank so that it then has more money to lend out.
Fractional Reserve Banking System Basis of Bankster Fraud
What is the nature of this fraud? Counterfeiting. Banks are government-licensed institutions that issue bogus IOUs. Because these IOUs function as money, they are counterfeit money. This is the heart, mind, and soul of all modern banking.
Fiat Money Systems
The main reason that the masses ignore the inevitable failure of fiat money systems, such as that which is employed by the US and virtually the rest of the world today, is because just prior to their demise, they have more recently been remembered for generating a widespread period of prosperity that has enriched its supporters, if not the masses as well.
Fiat currency fraud
Basically, fiat currencies could well be considered the biggest forex fraud ever committed on the people of the world as they have now grown to accept virtually worthless pieces of paper in exchange for their labor, instead of assets of real intrinsic value like gold. If so, the fiat currency scam has now been perpetrated on almost all populations of the developed world.
Why does fiat money seemingly work?
You can pay your taxes with it.
Climategate: How To Follow the Money
Wednesday, May 19, 2010
At a recent Council on Foreign Relations speech in Montreal, co-founder with David Rockefeller of the Trilateral Commission and regular Bilderberg attendee Zbigniew Brzezinski warned that a “global political awakening,” in combination with infighting amongst the elite, was threatening to derail the move towards a one world government. Link
Is arrogance and a low iq requisite to be an elite? Huhne, Osborne and Cameron make a strong case.
Friday, January 1, 2010
Does Algae Reduce the Ice Core CO2?
Under the stone
Global Warming Alarmist Calls For Eco-Gulags To Re-Educate Climate Deniers
Goodbye Global Warming, Hello Biodiversity
After three decades of trying to push the global warming scam to a point where billions could be made selling and trading bogus “carbon credits”, the global schemers have abandoned it in the wake of 2009 revelations that a handful of rogue climate scientists were literally inventing the data to support it. If there is one lesson to be learned from and about environmentalists, it is that they are utterly relentless. The ultimate goal is one-world government directed from the United Nations by unelected bureaucrats who are soulless strangers to the truth, to morality, to humanity.
The United States supports this abomination to the tune of billions every year.
Pay up or die
Who will pay for conservation?After all, the market value is high. The economic value of biodiversity is estimated at €550 billion (according to a European Commission study), and its loss would require between $2-4.5 trillion annually to compensate, according to a report by the UN Environment Programme issued on October 20th.
Motl's take on the biodiversity scam here.
What I'm working on:
The Sun shines, it meets ozone and UVB is mostly stopped. ~10% proceeds to warm the ground surface and oceans down several metres. Clouds are mostly transparent to UV.
TSI increases (as it did up to ~2000) and more UV enters the oceans, evaporation and IR emissions increase.
More WV in the air with more IR raises the air temperature.
Warmed air rises more rapidly conveying higher levels of WV to the upper atmosphere.
The accelerated air increases turbulence at the Tpause and higher volumes of WV cross the barrier. The higher volume increases the reservoir of HO that depletes ozone (H2O is broken down by UV) and increases polar cloudiness that also depletes ozone.
This leads to higher levels of UV at the surface repeating the cycle.
The cycle is broken when cooling due to reducing O3 volume increases ice crystal volume at the Tpause where it moves across due to mass and the stratosphere loses its H2O reservoir source of HO to a point where O3 production exceeds loss. UV reaching the surface reduces, reducing warming.
The N. hemisphere sees more warming due to biomass response to rising UV levels. Trees, ferns and lichen etc. produce isoprenes that react with NOx to form ozone, a defence against UV but at the same time a warming gas. UV reaching the surface also increases photochemical ozone formation from human pollution emissions.