Global Solar Industry Goes up in Flames

solar-power-californiaAP

Don’t believe the hype from the increasingly desperate renewables industry: solar power has crashed and burned.

Goldman Sachs is predicting a 24 percent drop in solar installations this year. By any measure, that constitutes a major industry slump.

According to Bloomberg:

The pace of global installations will contract by 24 percent in 2018, Goldman analysts led by Brian Lee said in a research note late Wednesday. That’s far more dire than the 3 percent decline forecast by Bloomberg NEF in the bleakest of three scenarios outlined in a report earlier this month. Credit Suisse Group AG is forecasting a 17 percent contraction.

Read the rest at Breitbart.

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Here is Proof That President Trump Cannot Trust Gary ‘Wormtongue’ Cohn on Paris Agreement

gary cohn
Drew Angerer/Getty

“If he were standing here, he would tell you that he feels much more knowledgable on the topic today,” said Trump’s economic advisor Gary Cohn, referring to the president’s position on climate change and the Paris agreement.

Well if that’s the case, it’s certainly no thanks to Cohn – whose advice on these matters is about as sound, reliable and unbiased as that provided by Grima Wormtongue – slippery henchman of the evil wizard Saruman – to King Theoden in Lord of the Rings.

Cohn wants Trump to keep the U.S. in the Paris climate agreement. Of course, he does. As an ex-Goldman Sachs man Cohn is a fully paid up member of the $1.5 trillion-a-year Climate Industrial Complex. It was Goldman Sachs – along with Enron – which pioneered the carbon trading schemes that helped enrich enviro-troughers like Al Gore. If the global warming Ponzi scheme ever collapses – and it will – then many of Cohn’s friends and former clients stand to lose millions in crony-capitalist “investments” currently propped up by Obama-era regulation which Cohn and his cronies are desperate to keep in place.

This also explains Cohn’s extraordinary recent attack on the coal industry – “coal doesn’t even make that much sense anymore as a feedstock” – and his risibly dishonest claim that solar and wind power can help the U.S. become “a manufacturing powerhouse.”

It’s extraordinary firstly because it is in direct and explicit contradiction of Trump’s election trail promises to bring back jobs in the coal industry.

And it’s extraordinary secondly because it is in direct contradiction of observable reality, viz: there is no economic case for wind (or solar) – inefficient, expensive energy which is heavily reliant on taxpayer subsidy. For Trump’s Economic Advisor (!) to claim otherwise is at best irresponsibly misleading, at worst a flat-out lie.

Read the rest at Breitbart.

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Would You Buy a Used Carbon Tax from Hank Paulson?

AP Photo/Pablo Martinez Monsivais

“I screwed up the economy, your jobs and your mortgages so – hey – I’m just the guy you can trust to tell you what to do about climate change!”

That was my take home message of a piece Hank Paulson penned for the New York Times a couple of years ago on the urgent need for a carbon tax.

Two years on – with fellow GOP Establishment stooges James Baker and George Shultz – he’s still harping on the same tedious theme.

This copper-bottomed, ocean-going shyster Paulson is the kind of Dubya-period  throwback whose advice the Trump administration should avoid like the plague.

As Treasury Secretary Hank Paulson not only failed to predict the 2008 financial crash – the US economy is “very healthy” and “robust” he insisted in 2007 – but it’s quite possible that his encouragement of risky lending while he was at Goldman Sachs helped cause it.

But that’s because Paulson is the very embodiment of the liberal elite which both the Brexit vote and the election of Donald Trump were designed to overthrow.

Paulson may notionally identify as a Republican. Or, at least, he served with a “Republican” administration. But what’s quite evident from his demands for a carbon tax is that he belongs to that shiftless DC/corporatist/bankster elite which couldn’t give two hoots whether it’s a Democrat or Republican in charge, just so long as the elite get to maintain their power base and their revenue stream.

Note how, back in 2014 when he was calling for that carbon tax in the New York Times, he boasted about teaming up with Tom Steyer (arch-liberal hedge funder, creator of the NextGen super PAC) and Michael Bloomberg. These men are not conservatives.

What they are is crony capitalists. They are the embodiment of almost everything that America voted against when it voted for Donald Trump.

Read the rest at Breitbart.

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David Cameron Reverts to Toffish Type. He’d Always Have Been Happier Outside Politics

In both cases, my thought was the same: if only these were the private holiday photographs of private people of whose existence we never had to know!

What I mean by this is that I know lots and lots of people just like Cameron and Carney. They have good degrees from good universities; they have big houses in London and stonkingly gorgeous retreats in expensive parts of the country; they’ve married well (Cameron to a baronet’s daughter and heiress; Carney to the sister of Lady Rotherwick, chatelaine of the big house at Cornbury Park where the Wilderness Festival is staged); they’re all mates with Jeremy Clarkson; they’ll all be spending at least a week this summer in Cornwall to go with their Mediterranean fortnight either in a £20,000 a week villa or on a mate’s yacht; they’re all tremendous fun to be with because they’re very comfortably off and actually money does buy you happiness; they’ve all got kids at Eton, Radley and Marlborough or Wycombe Abbey; and so on.

But here’s where the similarity ends: unlike Cameron and Carney you’ve never heard of these people – at least outside the Bystander pages of Tatler – because they keep themselves to themselves.

They’ve spent their lives doing what most people from moneyed backgrounds do: keeping what they’ve got and accumulating more of it in order that their beautiful, immaculately mannered children can go on to enjoy existences as charmed as their parents’.

Personally I have no objection to this because I’m not a class warrior and anyway some of these people are my friends. (Also, I like to think that one day my children will marry into one of those families and I rather like the idea of being able to spend my twilight years in one of the tied cottages on a 20,000 acre Cotswold estate.)

There’s only one set of circumstances where I do find myself set against these people – when, indeed, it occurs to me that the sans-culottes who offed Marie Antoinette and the rest might have had a point: and that’s when you catch them trying to pull up the drawbridge to ensure that no one else gets to enjoy what they have.

The most obvious recent example of this was the Brexit referendum when they voted en masse to preserve their special privileges by keeping us proles locked inside the European superstate.

Usually, the only time they cause genuine harm to the rest of us is when they go into public office.

Even then, this wouldn’t be a problem if they were capable of acting against their class interests. But neither Cameron nor Carney has possessed the moral fibre to achieve this.

Read the rest at Breitbart.

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Vote Remain to Make Piers Morgan More Smug and Goldman Sachs More Disgustingly Rich

If there are two better reasons for voting Leave in the referendum, I’m hard pushed to think of them.

Morgan was on breakfast TV this morning deploying his favoured rapid-fire bluster-bully interview technique on pro-Brexit MP Dominic Raab. Raab was trying to make the factually correct point that under EU law Britain is not allowed to deport criminals (not rapists, not murderers…) back to EU member states. Morgan wouldn’t let him get a word in. It’s an effective way of closing down arguments you don’t like because it throws your interviewee off the points he wants to make and needles him into looking shifty, evasive and angry. It’s also very unfair. But of course, anyone complaining that it’s unfair is left looking whiney and needy, like they don’t understand that politics is a rough game, like they’re not up to the job.

Read the rest at Breitbart.

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Goldman Sachs rules the world

“The governments don’t rule the world.”

The Vampire Squid: Our New Master

“Goldman Sachs rules the world,” claimed a shockingly outspoken trader, Alessio Rastani, on the BBC two months ago. “The savings of millions of people are going to vanish,” he said, warning viewers they should “get prepared” because “economic crisis is like a cancer, if you just wait and wait thinking this will go away, just like a cancer it’s going to grow and it’s going to be too late.”

What was interesting about the media response to this was that, rather than focus on the substance of what the trader was saying, it instead went on a wild goose chase trying to decide whether or not he was a hoaxer belonging to a group called the “Yes Men”. But on one point at least Rastani was absolutely right: Goldman Sachs – aka the Vampire Squid – really have the world squeezed tighter and tighter right now within its blood-sucking tentacles.

Consider the three biggest new EU appointments:

The new president of the European Central Bank, Mario Draghi, Italy’s new prime minister, Mario Monti, and the new Greek prime minister Lucas Papademos all reportedly have the US investment bank as a common denominator.

Here’s James Creedon with the full details:

Papademos was involved in Greece’s transition from the drachma to the euro. One of the things that made this transition possible was, of course, a gross exaggeration of the health of Greece’s finances – aided and abetted by advisers from Goldman Sachs who showed Greece how to conceal its debts using complicated financial instruments called swaps.

I think most of us, on whichever side of the political argument we find ourselves, can agree that these developments are not healthy. Here is the take on it from a blogger at Liberal Conspiracy (not normally considered Telegraph Blogs’ ideological soulmate):

Some serious questions must now be asked about democracy in the Eurozone. What Draghi, Monti and Papademos also have in common is that they are classically trained orthodox economists who have spent a good part of their lives working for the European bureaucracies and banks that have bought about this disaster.

I disagree with his analysis of why this is a problem. (He’s from the Left-leaning New Economics Foundation, and is worried that these Eurocrat banksters might get in the way of the massive Keynesian public expenditure he believes is the solution to all our ills…). But I share his disgust, as indeed I share the disgust at bankster corruption and profligacy expressed by the Occupy crowd.

We need to find common ground here, I think – those of us who believe (as the Occupy crowd do) that the current crisis is caused by the failure of capitalism and those of us who believe (as I do) that it is caused by the failure of corporatism, welfarism and – ultimately – the fiat money system. While we are busy being distracted by our particular ideological hobby horses, we are being shafted by a political bankster corporatist elite which doesn’t give a stuff about us because we are the little people and we are of no consequence to the New World Order they wish to impose on us.

Beware the Vampire Squid: whether you are on the Left or the Right it will feast on your blood and suck you dry all the same.

Related posts:

  1. ‘Wind farms cure cancer, save kittens, create world peace’ says new wind industry report
  2. Earth does not have a cancer; the cancer is not man
  3. Rogue trader in $38.6 billion ‘green jobs’ fraud
  4. Warmists: ‘We can’t win the game, so let’s change the rules’

Posted on 17th November 2011Author jamesCategories Blog

2 thoughts on “Goldman Sachs rules the world”

  1. Martin Lack says:23rd November 2011 at 10:02 amAnd may God help us all
  2. Velocity says:23rd November 2011 at 11:22 amNew Climategate Redux 2.0 just out.Just in time for Durbon climate conference (Govt crone jolly in a holiday spot)

    http://wattsupwiththat.com/2011/11/22/climategate-2-0/

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CCX lay offs: You’d need a heart of stone not to laugh… | James Delingpole

August 15, 2010

“If you own any shares in alternative energy companies I should start dumping them NOW!” (hat tip: Marc Morano)

That was how I began my Climategate blog in November last year and now, it seems, the CURSE OF DELINGPOLE has come to pass:

LONDON, Aug 11 (Reuters) – Market operator Intercontinental Exchange Inc. (ICE.N) is laying off staff at newly acquired U.S. environmental bourse the Chicago Climate Exchange (CCX), industry sources told Reuters, citing a lack of U.S. action on climate change.

They said the first round of layoffs began on July 23 and, although the total number of jobs to be cut was unknown, one said around 25 employees, or roughly half CCX’s headcount at the time of ICE’s acquisition, had already been or were being let go.

ICE would not confirm or comment on the layoffs.

“ICE just came in one day and started hacking away … We were told the company was restructuring,” said one source, who declined to be named.

Another said ICE cut around 20 roles at the CCX late last month, and at least another six high-level layoffs would come before next spring.

ICE bought Climate Exchange plc, owners of the CCX as well as London’s European Climate Exchange (ECX), the world’s largest marketplace for carbon credits, in April for 395 million pounds ($622 million), despite failed UN climate talks in Copenhagen last December and a lack of U.S. action on climate change.

I am so sad, especially since among the significant shareholders in CCX are Al Gore and Goldman Sachs. Truly, it just couldn’t have happened to nicer people!

One Response to “CCX lay offs: You’d need a heart of stone not to laugh…”

  1. Richard Cumming says:August 16, 2010 at 12:52 amJames,Do you recall making the statement “Let the Court cases begin” or similar in your November Climategate blog?

    Well…

    “The New Zealand Climate Science Coalition said it had lodged papers with the High Court asking the court to invalidate the official temperatures record of the National Institute of Water and Atmospheric Research (Niwa).”

    That from a report of the stoush developing linked here:

    http://www.stuff.co.nz/national/4026553/Court-challenge-to-Niwa-climate-records

    Details of NZ Climate Science Coalition High Court action against NIWA:-

    Background to our application for judicial review

    Our Statement of Claim against NIWA

    Dynamite changes to raw readings

    High Court asked to veto NIWA graph

    All here: http://www.climateconversation.wordshine.co.nz/

    Is this another symptom of the CURSE OF DELINGPOLE ?

    Richard Cumming (NZ)

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