Legarde pushing the AGW Global Warming Narrative reported on Watts Up With That today. Upticks in CLimate Stories and developments on the Petro Dollar are quite common.
I am certain that the two things are not unrelated.
rogerglewis Your comment is awaiting moderation.
October 25, 2017 at 11:51 pm
Things are really hotting up on the Future Prospects of the Petro Dollar. Climate Change particularly the AGW CO2 Narrative is clung to with religious zeal and promoted by Finance Elites, why is that?
China are rolling out the Petro Yuan, backed by gold. http://www.golemxiv.co.uk/2017/10/chinas-rise-americas-fall/
“Why Russia — a country with less money than Canada and fewer people than Nigeria — runs the world now” wondered the Canadian newspaper National Post in January. The piece doesn’t give useful answers: nuclear weapons, good diplomacy, yes, but also the usual claptrap about “ruthlessness” and “Abandon[ing] economic worries to double down on efforts to grab geopolitical status”; in short only a brute lashing out in delirium tremens. The editors should better have wondered whether the headline even made sense: the first point is wrong and the second irrelevant. But, like so much of what passes for analysis in the Western media, it’s written backwards: it’s decision-based evidence making.
Talking about the relative insignificance of Russia’s GDP is an old game: Wikipedia says Canada’s GDP is greater than Russia’s and Germany’s is about two and a half times greater. These comparisons all assume that the price…
The development of SEEDS – the Surplus Energy Economics Data System – enables us to put individual economies under the magifying glass, and this discussion responds to reader requests by looking at China.
Before we start, it’s necessary to remind ourselves that China remains a one-party state in which the authorities exercise considerable influence over the private sector. This matters, because the over-riding concern of the government is to avoid the unrest which would be likely to result from unemployment.
This objective can be a tough call. Despite family control policies sometimes criticized by outsiders, the population of China does continue to expand, and has increased by an estimated 68 million – more than the entire population of Britain – since 2006. Additionally, Chinese citizens continue to migrate from the countryside in search of better-paid work in the cities. Together, these trends make it