Steve Bull's Blog, page 35
May 16, 2024
Bill Gates Wants to Block-Off the Sun
From the beginning, scientists, politicians and leading cabal figureheads of fake green persuasion, have spoken about “considering carrying out stratospheric geoengineering programs” to block sunlight and cool the planet.
The irony of such statements is that they are made even while such activities are being carried out on a daily basis – in plain sight – and have been for at least the past 25 years.
Then the decidedly deranged Bill Gates steps in to add a further sun dimming dimension to the geoengineered toxic chemtrails already blocking vital sunshine from getting through to all elements of life that depend on it, not least we humans.
The prestigious Forbes ‘millionaire’s magazine’ reports that billionaire Gates’s intervention involves financing Harvard University scientists to establish what is being called ‘The Stratospheric Controlled Perturbation Experiment’ (SCoPEx) to examine if a sun dimming solution might be achieved by spaying calcium carbonate (CaCo3) dust into the atmosphere.
Forbes simply takes for granted this form of geophysical climate tampering to be a reality of life.
No doubt multi-millionaires don’t want to be unduly disturbed by investigations into the truth.
Calcium carbonate, the leaders of this project believe, will act as a sun reflecting aerosol that could offset the effects of global warming. It all sounds very familiar, doesn’t it?
Initial experiments, Forbes reports, would be done from near Kiruna in Sweden, from a high altitude balloon releasing some Ca Co3 into the atmosphere at the behest of the ‘Swedish Space Corporation’ (note ‘corporation’) the results being measured by scientific instruments carried by the balloon.
Such devilry, practised today by deviants of humankind like Gates, Schwab, Harari and Ceo’s of the United Nations, The World Health Organisation and the World Economic Forum within the domains of Covid, Climate and the biosphere, is dark indeed.
No wonder they are scared of the sunlight!
…click on the above link to read the rest of the article…
Will sucking carbon from air ever really help tackle climate change?
The direct air capture industry got a boost last week with the opening of Mammoth, the largest plant yet for sucking carbon dioxide out of the atmosphere, but questions remain about whether the technology can scale up.
Humanity has spent the past few centuries releasing ever greater amounts of carbon dioxide into the atmosphere – a state of affairs that must be reversed if we are to get to grips with climate change. Removing such CO2 in a process called direct air capture (DAC) has been on the cards for some time, but finally, after years of research and small-scale pilot projects, giant carbon-sucking facilities are becoming a reality. The question is, will the industry grow large enough, fast enough?
The Mammoth direct air capture plant in Iceland is the largest in the worldClimeworks
DAC got a big boost last week when Swiss company Climeworks switched on a new plant called Mammoth. This can extract up to 36,000 tonnes of CO2 a year from the atmosphere – living up to its name, at least when compared with its predecessor Orca, which boasted a maximum capture capacity of just 4000 tonnes per year.
The new plant instantly quadrupled global capacity for DAC and is a sign of a step change under way in the industry. Mammoth will only hold the title of world’s largest DAC plant until next year, when the Stratos plant, built by a subsidiary of energy firm Occidental Petroleum using technology from Canadian DAC company Carbon Engineering, comes online. It will be able to extract half a million tonnes of CO2 a year.
…click on the above link to read the rest of the article…
How Europe and Britain are getting ready for ‘WWIII’: Interactive graphic reveals how West will stop Putin unleashing Armageddon, with nukes at Russia’s doorstep, mass conscription at 18 and arms factories firing up
Russia’s invasion of Ukraine in February 2022 saw the horrors of a large-scale war darken Europe’s doorstep for the first time since the end of World War II.
For a short while, hope endured that a swift resolution to the conflict would materialise, but before long the prospect of a speedy diplomatic solution lay in tatters as Moscow’s drones and missiles continued to batter Ukraine’s cities.
Now more than two years into the conflict, Vladimir Putin has doubled down.
His forces have made noticeable gains on the frontlines in recent weeks as they pressure war-weary and ammo-starved Ukrainian defenders, and his decision to appoint civilian economist Andrei Belousov as defence minister suggests the Kremlin is committed to sustaining its war economy over the long run.
Meanwhile, the president’s long-serving and intensely loyal foreign minister Sergei Lavrov earlier this week challenged what Russia calls the ‘collective West’, declaring Moscow‘s troops are ready to meet NATO on the battlefield.
In light of the downward spiral of East-West relations – not to mention the alarming escalation of tensions further afield in the Middle East and Indo-Pacific – the UK and its European partners could soon be forced to contend with any number of major military threats.
As a result, many countries are reversing decades of peacetime policy to reignite their war engines. Others never stopped and are only consolidating efforts to ensure they are fit for conflict.
But there is little doubt that all Europe is now scrambling to prepare in anticipation of what may lie over the horizon.
…click on the above link to read the rest of the article…JFK, MLK, RFK: Three Murders Most Foul That Killed America’s Soul
As increasing numbers of people in the USA, also in the entire world, agonize over the never-ending, highly destructive wars of the USA, they also seek to trace the roots of where exactly things went so wrong and the US polity drifted towards its endless aggressions.
Many scholars and historians also try to find this answer, and increasingly many of them are led back to those three terrible days when three of the greatest leaders of the USA were assassinated.
One of the most important aspects of these assassinations was that these were used to silence forever the most promising voices of peace and justice in the USA, and there is increasing evidence that the conspiracies to kill these great leaders started shaping up soon after they had declared their strong commitment to peace as well as their determination to oppose wars.
During 1963-68 the USA was shaken by assassinations of its three most promising and popular leaders.
The overall impact was in terms of a big loss to the forces of peace and civil rights, and a boost to forces of foreign aggression and domestic injustice. The three lives lost were those of President John F. Kennedy followed by the loss 5 years later of prominent civil rights leader Martin Luther King Jr. and Presidential candidate Robert F. Kennedy.
On November 22, 1963 President John F. Kennedy, the popular and young President of the USA, was assassinated in Dallas, Texas. The youngest US President died at the age of only 46. Two days later the man accused of this assassination, Oswald (who had been denying any role in this) was also killed. Since then there have been widespread allegations of some wider planning behind these two killings (as well as of a local police official).
…click on the above link to read the rest of the article…
I’ve Got A Bad Feeling About This
Ideally, I would have written this on May 4th not 14th, but I am going to talk Star Wars.
I was a fan in 1977, kept the flame alive when only battered VHS cassettes of the original trilogy existed, and was delighted to get prequels. Until the opening crawl announced, “The taxation of trade routes to outlying star systems is in dispute.” I recall thinking, “This is my job – boring!” But the prequels were better than the sequels and all the TV shows I don’t watch. Indeed, the prequels’ clunky theme of democracy crumbling into autocracy, dispute over trade routes, then war, seems even more prescient than my 2016 ‘Thin Ice’ report, which underlined how the 21st century could echo the 20th, and our more detailed fragmented ‘World in 2030’ report in 2020.
In just the last week: the IMF warned the world risks splitting into walled-off FX/trade blocs; The Economist stated “The liberal international order is slowly coming apart,” with “a worrying number of triggers that could set off a descent into anarchy”; Germany flagged conscription for all 18-year olds and spending over 3% of GDP on defence; China introduced military training for all High School students; Biden raised tariffs on Chinese EVs to 102.5%, and Trump said he would make it 200%, with tariffs on used cooking oil likely next; Bloomberg warned “The US, China, Russia are in a spiral towards war”; the manager of the Hong Kong trade office in London was arrested for spying; and, as some underline Russia has shifted to a full war economy that incentivises the martial, my prediction that markets will serve national security going forwards came true in Putin firing his defence minister to appoint an economist to the role instead.
…click on the above link to read the rest of the article…
New Schiff Interview: All Inflation Has One Source
On Wednesday, Peter appeared on This Week in Mining with Jay Martin. Jay and Peter discuss the state of the economy, the government’s assault on sound money, and why the mining sector constitutes a good investment.
Early on in the interview, Peter lays out the dilemma the Federal Reserve will face in the near future:
“Inflation is going to get much stronger as the economy weakens and enters recession. … Then the Fed has to choose, and it’s going to be at the point where it’s damned if it does and damned if it doesn’t. But it’s going to have to make a choice, a very unpopular choice. Does it fight inflation, which means much higher rates than the rates we have now (the rates we have now are not high enough)? Does the Fed hike rates even though there’s a recession and even though the hikes will make this recession worse and potentially cause a massive financial crisis? … Or will the Fed ignore the inflation problem and try to rescue the economy by creating more inflation?”
As the government continues to grow and encroach on individual liberty, Peter explains what would happen if gold is ever outlawed, as it was in the 1930s:
“There always will be a market. If it’s illegal, then there’s a black market. People sell all kinds of drugs in this country, and they’re not legal. But there are plenty of buyers. It just means the market is underground, and of course, even if it’s illegal in America, that doesn’t mean it’s going to be illegal in every country, so there will be plenty of legal gold markets…
…click on the above link to read the rest of the article…
May 14, 2024
Shocking Headline of the Day: Germany to Re-Introduce Slavery
Young Germans will have to choose between the Bundeswehr (military service) and unpaid social service work. Libertarians to a person, will call this slavery, because that is what it is.
Germany to Re-Introduce Slavery
Please consider the Eurointelligence headline story Germany to Re-Introduce Slavery
The headline might be bordering on the hysterical, but the big idea in German politics right now is to re-introduce the general draft. This is not happening because Germany expects to be at war. It is not about the military at all. Under the plans, young people, male and female, can choose between the Bundeswehr or a year of forced labour in the social services, essentially uncompensated.
The main reason we see is that their fiscal rules have depleted them with the resources to fund the Bundeswehr and critical social services like old-age care. For example, there is a big row going on right now within the coalition currently between Boris Pistorius, the defence minister, and Christian Lindner, over Pistorius’ demands for another €6bn for the Bundeswehr. The discussions on the reintroduction of the draft are at an early stage. They won’t affect the current budget dispute. But it could go some way to fix the Bundeswehr’s budget issues.
The SPD leader Lars Klingbeil sugar-coated the idea as giving young people an opportunity to serve the state at one point in their lives. Another underlying assumption is that young people are infinitely stupid. German high school goes until the age of 19. This is higher than elsewhere because German children do not start school until they are 6. With a year of enforced military or social services, they won’t start their studies or apprenticeship until they are 20…
…click on the above link to read the rest of the article…
Our Curious Propensity to Ignore New Evidence
What is a “belief” anyway, and how does it get “there”?
The word belief comes from the old Germanic root that also gives us love and it originally meant something (impersonal) we care about and trust strongly.
I would argue that beliefs are unique to the human brain, and that they are the building blocks of our worldview — the coherent sense-making lens through which we judge, filter and assess events and information to assign them meaning.
Wild creatures have no need for beliefs, judgements and abstract sense-making. Their brains were designed for feature-detection, in order to inform their instincts. If they’re conditioned by humans, they will (provided there isn’t too long a gap between the prompt and the reward or punishment) behave in a way that anticipates a reward or punishment (dopamine again), and do what has been rewarded (ie maximize pleasure) and avoid what has been punished (ie minimize pain). There is no need for a worldview or a set of beliefs. As Melissa Holbrook Pierson explained in The Secret History of Kindness :
This is the basis of my dogs’ storied love for me, their one and only. Only I know the real truth. It is not this Melissa they love. If they bark menacingly at someone who approaches, they are not doing it to ensure my safety. There is but one thought in their minds: do not harm this person, for she is my most valuable possession. My large Swiss army knife, the one with all the extra attachments…
The same law of behavior affects all creatures’ actions: we do something, it produces pleasure or it produces pain or it produces nothing, and the result determines whether we continue doing it, stop doing it, or do it differently, and these are the only options.
…click on the above link to read the rest of the article…
US Producer Prices Accelerating At Fastest Rate In 12 Months, Wall Street Reacts…
Ahead of tomorrow’s CPI, traders are eyeing this morning’s Producer Prices for any hints that the disinflation trend will return…or not.
The answer is “not!”
April Producer Prices rose 0.5% MoM (vs +0.3% exp), with March’s +0.2% MoM revised down to -0.1% MoM. The downward revision did not stop the YoY read rising to 2.2% (from +2.1% in March)…
Source: Bloomberg
This is the highest YoY read since April 2023 and is the fourth hotter than expected headline PPI print…
Source: Bloomberg
Producer Prices have been aggressively downwardly revised for 4 of the last 7 months…
Source: Bloomberg
Services costs soared, dominating April’s PPI gains with Energy the second most important factor. Food prices actually declined on a MoM basis.
Source: Bloomberg
On a YoY basis, headline PPI’s rise was dominated by Services (rising at their hottest since July 2023). For the first time since Feb 2023, none of the underlying factors were negative on a YoY basis…
Source: Bloomberg
On a 6-month annualized rate, Final Demand Core Services PPI is rising at its highest since Q3 2021…
Source: Goldman Sachs
After last month’s farcical ‘seasonally adjusted’ gasoline price, April saw the PPI Gasoline index rise (with actual prices at the pump) but still has a long way to go…
Source: Bloomberg
Core PPI was worse – rising 0.5% MoM (more than double the +0.2% MoM expected) – which pushed the Core PPI YoY up to +2.4%…
Source: Bloomberg
And finally US PPI Final Demand Less Foods Energy and Trade Services rose by 0.4% MoM and 3.1% YoY (the highest in 12 months).
Worse still the pipeline for primary PPI is not good as intermediate demand is starting to accelerate…
Source: Bloomberg
Here are Wall Street’s reactions to PPI:
Chris Larkin at E*Trade from Morgan Stanley:
…click on the above link to read the rest of the article…
Transitioning Fleet Trucks to Electric Raises Costs by up to 114 Percent, Report Warns Mandating EV trucks in today’s market leads to even ‘more supply chain disruptions,’ said an industry expert. Friends Read Free 596 291 Save Transitioning Fleet Trucks
Transitioning conventional truck fleets to electric vehicles (EVs) pushes up annual operational costs, which subsequently increases economic inflation, according to a recent report from transportation and logistics firm Ryder.
Florida-based Ryder analyzed the potential cost of transportation if internal combustion engine trucks are converted to EVs. There is a 5 percent cost increase for light-duty EVs and a 94–114 percent increase for heavy-duty trucks, the May 8 report states. For a fleet of 25 mixed vehicles—light-, medium-, and heavy-duty trucks—costs surge by 56–67 percent.As transportation costs have a direct bearing on the price of goods sold in markets across the country, Ryder estimates such increases to eventually add about 0.5–1 percent to overall price inflation in the economy.
“There are specific applications where EV adoption makes sense today, but the use cases are still limited. Yet we’re facing regulations aimed at accelerating broader EV adoption when the technology and infrastructure are still developing,” said Karen Jones, executive vice president and head of new product development for Ryder.
“Until the gap in TCT [total cost to transport] for heavier duty vehicles is narrowed or closed, we cannot expect many companies to make the transition; and, if required to convert in today’s market, we face more supply chain disruptions, transportation cost increases, and additional inflationary pressure.”
In California, the annual TCT increase for a heavy-duty EV tractor was approximately $315,000, with the number rising to more than $330,000 in Georgia. In both cases, equipment costs were the biggest contributor to the increase, rising by 500 percent.
Ryder noted there were 16.4 million Class 3 to Class 8 commercial vehicles in operation in the United States, out of which only an estimated 18,000 EVs have been deployed.
…click on the above link to read the rest of the article…
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