Category: Great Reset

Temporarily Unexpected

The fed has a major problem. It must let rates rise to meet some termination point, which means above the rate of inflation. But in so doing, it creates the conditions that lead to a genuine decline in the supply of money itself, which creates serious upheaval of an unpredictable sort. There is no winner in this game.

Keep in mind that this is happening even as price inflation is still intolerably high, with the Fed’s favorite measure (the Personal Consumption Expenditures index) hitting records for the year. That was not supposed to happen. This is called stagflation.

It strikes me as impossible that we can avoid a serious recession with such monetary shocks going on. To be sure, we’ve never seen anything like this in the postwar period—either the pumping in or the sucking out of money—so this could be wrong. We’ll see. But generally, starving the economy of that on which it has come to rely will topple lots of illusions.

Related: “Commercial real estate is melting down fast. Home values next,” the Tesla and SpaceX chief tweeted on Monday.

Y2Kyoto: Stop Making Sense

5 Things I Truly Don’t Understand About The ‘Inevitable Energy Transition’

In a world that is apparently getting both warmer and colder because of global warming, how is it that we can increasingly rely on non-dispatchable (i.e., intermittent, usually unavailable), weather-dependent electricity from wind and solar plants to displace, not just supplement, dispatchable (i.e., baseload, almost always available) coal, gas, and nuclear power? In other words, if our weather is becoming less predictable, how is it that a consuming economy like ours can, or should even try, predictably rely on weather-dependent resources? ERCOT exemplifies this: the Texas grid operator has around 31,000 MW of wind capacity but goes into winter expecting only 6,000 MW (just 20%) of wind farms to be available to generate electricity. Again, in the marketplace, the “alternatives” you keep hearing about are proving to be far more supplemental than alternative.

Further, good wind and solar spots are finite, based on geography, so new builds, naturally, will be forced into areas that are less windy and less sunny, lowering their already very low 35% capacity factors. And because they devour immense swaths of land, interrupting a whole host of things, that Renewable Rejection Database is mounting very quickly. If wind, solar, and electric cars too are as effective and low-cost as so many keep promising us, there would obviously be no need for government subsidies for broad adoption. Yet, there is, gigantically so. Huge amounts of taxpayer money going into this, what I call “the holy climate panacea triad,” are vulnerable to changing politics and bound to become politically untenable at some point:“Ford Is Losing $66,446 On Every EV It Sells.”

The Global Common’s Alliance

Roger Pielke Jr;

Today I argue that an influential element of the “degrowth” campaign is both watermelon-flavored and also adjacent to the institutionalization of a much deeper and more serious challenge to science and democratic governance. That challenge involves the blossoming of myriad non-state actors funded by large foundations who are implementing a framework of “planetary boundaries” into the decision making of businesses, governments and multilateral institutions.

This is not a conspiracy — it is simply a group of powerful and well-funded groups organizing to advance their shared special interests. They are doing so out in plain sight. This is the normal stuff of politics. However, the complexity of the organizational arrangements, their work outside of governmental oversight and the incredible pervasiveness of their work can make them hard to see, much less to hold accountable. For whatever reasons, journalists and academics have spent essentially no time documenting the rise of these organizations, their goals or their influence. Today’s sunshine is just a start of the attention I’ll be paying to them.

In this new world of independent publishing, consider subscribing to one or two of your best reads to support them (particularly those who don’t already have large audiences already). Roger is a good place to start, but there are dozens of others that we link to frequently.

I’m Not Eating Bugs And I’m Not Eating Chicken-19

They’ll do for chicken what they did for coronavirus;

GOOD Meat’s filing reveals the China-linked firm JOINN is integral to the production and quality control of the newly-licensed cultivated chicken. The company, founded in 2018 as an offshoot of its parent JOINN Laboratories, has a facility not far from Eat Just’s headquarters in San Francisco.

According to the filing, “JOINN Biologics US Inc (CA, USA) currently produces the chicken cells in a dedicated manufacturing suite” in Richmond, California. The filing goes on to describe how “the cells harvested at JOINN Biologics are frozen for shipment without cryopreservation agents to locations where the finished meat food products are prepared.” In addition to manufacturing the chicken, JOINN is responsible for ensuring the raw materials it is produced from are of a suitable quality and “food safety risks from potential adventitious agents or other contaminants” are mitigated.

Chinese Biowarfare.

JOINN Biologics made national headlines in 2022 when it bought 1,400 acres of land in Morriston, Florida at a cost of $5.5 million, to build a new primate quarantine and breeding facility to expand the parent company’s existing lab-animal-breeding operations. The purchase was one of the largest single purchases of American real estate by a Chinese company to date.

News of the purchase led to the revelation that JOINN, like most Chinese companies, has extremely close ties to the Chinese government and its biowarfare program.

Temporarily Unexpected

Morning update: Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay large projects and buy fewer big-ticket items like patio sets and grills.

Ban All The Things!

Shut up and eat your raw bugs, kook:

Four months ago, the media told us that conservatives were conspiracy theorists stoking the culture wars for warning the American public that the Biden Administration was attempting to ban natural gas stoves through excessive regulation.

This week, Minnesota Attorney General (AG) Keith Ellison has signed on to a letter with ten other AGs urging the Biden administration to effectively ban gas stoves through excessive regulation, despite the fact that numerous studies show no connection between gas stoves and asthma.

We Don’t Need No Flaming Sparky Cars

It’s not about the emissions, it was never about emissions.

The rush to subsidize and mandate EVs is animated by a fatal conceit: the assumption that they will radically reduce CO2 emissions. That assumption is embedded orthodoxy not just among green pundits and administrators of the regulatory state but also among EV critics, who take issue with a forced transition mainly on grounds of lost freedoms, costs, and market distortions.

But the truth is, because of the nature of uncertainties in global industrial ecosystems, no one really knows how much widespread adoption of EVs could reduce emissions, or whether they might even increase them. (And no, this has nothing to do with the truth / joke that Teslas are coal-fired when fueled at night in many places.) While grid realities will indeed matter more than most realize, the relevant and surprising emissions wildcard comes from the gargantuan, energy-hungry processes needed to make EV batteries. This is one of those technical issues that tends to attract slogans, simplifications, and illusions of accuracy; a better understanding requires some patience.

That’s why “whose the biggest emitter” is a losing argument. The electrification of everything is fueled by rent seeking, political donations and naked cronyism. Emissions are just the cover story.

The Decline And Fall Of The American Empire

More: The New York Times comment section on Title 42 border crisis reads like Breitbart comment section.

Ponzi alert

In the latest iteration of a failed monetary system, Zimbabwe has announced plans to launch a new currency: a “digital, gold-backed token“. It’s likely that anyone who purchases these tokens are probably the same people looking to buy the Brooklyn Bridge.

I’m quite certain that if anyone was able to actually look in the vault which allegedly holds all this gold, it would be empty. Since these digital tokens cannot be redeemed for gold on demand, this is about as close to a gold standard as moon rocks are to swiss cheese.

In Zimbabwe, the new tokens “will be fully backed by physical gold held by the bank” and will go into circulation on May 8, Reserve Bank of Zimbabwe Gov. John Mangudya said. People can buy the tokens and use them as a way to save their money or conduct “person-to-person and person-to-business transactions and settlements,” Mangudya said.

What Could Possibly Go Wrong?

Affirmative action comes of age.

A developing medical school trend to ditch the Medical College Admission Test (MCAT) requirement may not bode well for the future of the profession, medical watchdog group Do No Harm told the Daily Caller News Foundation.

Approximately 40 medical schools across the country have dropped the MCAT, a multiple choice exam that determines an individual’s ability to problem solve, think critically, and understand concepts about medical study, as a requirement for some applying students, according to a list compiled by Inspira Advantage. Do No Harm alleged that dropping the requirement is another way schools aim to bolster diversity on campus but asserted that it is a “dangerous trend,” according to its analysis.

It’s Probably Nothing

More: This is unprecedented humiliation for the @federalreserve

Update:

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