The fascination for hyperinflation and its consequences has been with me since childhood. In third grade I went to a small school in Sweden with only two classrooms, one for grade 1 and 2, and one for grades 3 to 6. One boy had a very large stack of old German money, and we used to play with them. Many were hundred mark bills, stamped over with a cheap ink stamp 1ooooo Marks or 1 Million Marks. I collected stamps in those days also, from a 2 Pfennig stamp to 20 Milliarden Marks (That is 20 Billion Marks) stamp.
How did this hyperinflation happen? Germany lost the great war (WWI) and as a punishment were forced to pay large war reparation penalties. My own grandfather had a fishinf ketch, named Majblomma (Mayflower). They ysed to go fishing on Doggers Banks and land the catch in Aberdeen or Hull, then catch some more fish on the way home. One day a German u-boat came up and one officer informed them to go into the life boat, for they were ordered to torpedo the fishing boat. So they did. After the war my grandfather got compensated for his loss, and he bought a much larger schooner, and his team could aontinue fishing in the North Sea. These war reparations sank the German economy, and the Weimar Republic solved the problem by printing money. This worked for a whils, and then hyperinflation set in. This was in my opinion the major reason for Hitler’s rise. He got Germany back on strong economic footing, and being the Master Race, Germany was going to rule the world, after they had won the war. (WWII). With great sacrifice that didn’t happen.
Did it happen again? A few days ago, Nikki Haley sent a real 100 bolivar bill in the mail to my wife. There was probably a message in that, I for one grabbed the bill to see how much it is worth today. It was printed in August 2014, and was then worth on the official exchange 6,3 bolivars to the dollar, so the official value was over 15 dollars, but the real black market value was about one dollar. Then real inflation set in, and in 2018 they made a new bolívar soberano (sovereign bolívar) each worth 100,000 bolívar fuerte (strong bolívar), so the old 100 bolivar bill was then worth 0.1 cents. But it didn’t stop there. The March 7 exchange rate is 1,889,000 bolivars to the dollar, so the 100 Bolivar bill Nikki Haley gave my wife is now worth 0.000000053 cents
That is hyperinflation.
Could it happen here? I used to think never, but now i am not so sure. There are warning signs in the money supply, especially the M1 money supply. The Fed has stopped using it as an indicator of the nation’s fiscal state. Here is a chart of what is going on:
“As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.“
If I understand this right, the FED reduced the denominator in the equation for the velocity of money, meaning that the gain in the system can now be infinite.
This is a remake of verse 95of the Obama impeachment song.
Obama and all his cabinet and active generals called ISIS (the Islamic State of Iraq and Syria) ISIL (the Islamic state of Iraq and the Levant). This must mean he did send a signal to all his Muslim friends that Israel is part of the Islamic interest sphere. Take a look at the Geographic area called the Levant:
This leads to verse 95 of the Obama impeachment song (as if sung by former President Barack Hussein Obama to the tune of “Please release me, let me go”)
An old British saying used to be: “Everybody complains about the weather, but nobody does anything about it.” We may not be able to do much about the weather, but at least we can try to save the world from the “Climate Crisis”. The term used to be Climate Change, but with the new administration the term has been upgraded.
When I grew up a long time ago in Sweden the old folks used to say “If you make it through February, you will make it another year.” This was of course before electricity and central heating”.
There is a saying in Norway: “There is no bad weather, only bad clothes.” Here is an example, the souwester” It works well in freezing rain.
The long term weather forecast for February, issued January 21 by the weather channel looked like this:
Great, no need to buy that extra sweater, and Texans can go another season with thin t-shirts and designer pre-torn jeans.
But the weather forecast three weeks later looked like this:
But the windmills don’t work in freezing rain, so the electric grid was challenged when over half of the windmills froze just as the demand spiked. Normally coal and natural gas electrical plants would have kicked in, but many of the coal plants had been shut down due to environmental regulations, and the emergency request to restart them were denied due to environmental concerns. The natural gas plants ran full bore until the natural gas pressure in the pipelines started dropping below safe levels. This lead to rotating power-outs to preserve gas line pressure. But in the wisdom of the authorities the gas line pressure compressors had been switched from natural gas to electricity (environmental concerns), so if the compressors were in an area of electric blackout, there went the gas pressure, causing a chain reaction, and the whole power grid came within hours of a total collapse. Only nuclear power hummed along as if nothing had happened, but nuclear power is a base load and cannot increase the power above a certain level. Back in 2017, Secretary of Energy Rick Perry proposed paying Coal and Nuclear Power Stations to keep at least 90 days worth of coal onsite, for disaster resilience. At the time the resilience proposal was widely criticized as being a thinly disguised Trump scheme to pump government money into the coal and nuclear industries. So the plan was rejected by the bureaucracy. But in hindsight, a bit more resilience might have saved Texas from days of painful electricity blackouts, and even deaths.
The bill for these monumental miscalculations is yet to be paid. The cost of electricity for these 2 weeks off horror is yet to be paid. The Texans who were fortunate enough to have power have to pay the bill for intermittent electricity at a cost of two dollars per kilowatt-hour. A retired veteran on social security got a bill for over 16,000 dollars for part of February.
Since weather is so hard to predict, do we have any hope of being able to predict future climate? People keep trying. And they keep developing climate models. Here is a chart of most of them:
Not much has changed since this chart was first published. While the IPCC confidence in their climate models keep increasing, so does the difference between model prediction and actual temperature.
Climate finance continues to be the central issue in how the global community proposes to follow through with implementation of the Paris Agreement, which Joe Biden has decided to rejoin by executive fiat. This is in the opinion of his advisors, such as John Kerry appropriate in the context of the last IPCC report showing a USD 1.6-3.8 trillion energy system investment requirement to keep warming within a 1.5 degree Celsius scenario to avoid the most harmful effects of climate change (IPCC, 2018).
Ever since the election there have been loud voices proclaiming that the election was stolen. Most of the media have claimed that it was the greatest lie ever told by candidate Trump.
over 70% of Republican voters still believe that the election was stolen. Even about 30% of the Democrats believe so also, but many of them don’t mind, since it was for a greater purpose.
This is no way to try to unite the nation. There is a good way to resolve it, by conducting a forensic analysis of at least 6 states, all battleground states.
These are the allegations in the form of a handy chart.
In addition, such as the allegations from Antrim County in Michigan seem to question the validity of the whole voting system, with machines connected to the internet during counting and numerous other problems, and if these questions are not further investigated I will never believe in an election again.
If all of the allegations will be proven false, I stand corrected.
It is to be noted that the switched votes, from Trump to Biden and from Jo Jorgensen to Biden is not a complete list. It involves only six states, and the confessed vote switching that occurred in Italy is not yet included.
At the very least we should conduct an audit, involving manual recount. The audit done in Antrim County, Michigan where over 60% of the votes went for adjudication – over the internet is as big a red flag as I have ever seen.
If, after a manual audit and recount of all valid votes the reported numbers are correct I stand corrected, but if not I am convinced the election was stolen – by many foreign powers no less. I am not alone in this assertion, over 70% of Republicans believe the election was stolen and even 30% of Democrats believe so also.
Quote from Alexandria Occasio-Cortez in January 2019: “Millennials and Gen Z and all these folks that come after us are looking up, and we’re like, ‘The world is going to end in 12 years if we don’t address climate change, and your biggest issue is how are we gonna pay for it?’ ” she said.
I beg to differ.
We live in only one world. As a concerned citizen I realize we have immense environmental challenges before us, with water pollution; from plastics in the ocean, excess fertilizer in the rivers, poison from all kinds of chemicals, including antibiotics, birth control and other medicines flushed down the toilet after going through our bodies, animals fed antibiotics, pest control, weed control and so on. Increasing CO2 is not one of the problems, it will in fact help with erosion control, and allow us to feed more people on less agricultural land with proper management, and require less fertilizer and water to do so. In fact, proper water management is a larger problem, with some rivers no longer even reaching the ocean. All water is already spoken for, especially in the 10 to 40 degrees latitude, where most people live.
Allow me to be somewhat technical and give the background to why I know we will never experience the thermal runaway they are so afraid of.
Many years ago I worked at Hewlett Packard on an Atomic Absorption Detector. It was a huge technical success but a commercial failure, as it was too expensive to use for routine applications. However it found a niche and became the detector of choice when dismantling the huge nerve gas stockpiles remaining from the cold war. I was charged with doing the spectrum analysis and produce the final data from the elements. One day two salesmen came and tried to sell us a patented device that could identify up to 21 different elements with one analysis. They had a detector that divided the visual band into 21 parts, and bingo, with proper, not yet “fully developed” software you could now analyze up to 21 elements with one gas chromath analysis. What could be better? We could only analyze correctly four or five elements simultaneously. It turns out the elements are absorbing in the same wavelength bands, scientifically speaking they are not orthogonal, so software massaging can only go so far. It turned out that the promised new detector was inferior to what we already had and could only quantify three or 4 elements at the most.
In the atmosphere the two most important greenhouse gases are water vapor and CO2 with methane a distant third. Water vapor is much more of a greenhouse gas everywhere except near the tropopause high above the high clouds and near the poles when the temperature is below 0 F, way below freezing. A chart shows the relationship between CO2 and water vapor:
Even in Barrow, Alaska water vapor is the dominant greenhouse gas. Only at the South Pole (And North Pole) does CO2 dominate (but only in the winter).
All Climate models take this into account, and that is why they all predict that the major temperature increase will occur in the polar regions with melting icecaps and other dire consequences. But they also predict a uniform temperature rise from the increased forcing from CO2 and the additional water vapor resulting from the increased temperature.
This is wrong on two accounts. First, CO2 and H2O gas are nor orthogonal, that means they both absorb in the same frequency bands. There are three bands where CO2 absorbs more than H2O in the far infrared band, but other than that H2O is the main absorber. If H2O is 80 times as common as CO2 as it is around the equator, water vapor is still the dominant absorber, and the amount of CO2 is irrelevant.
Secondly gases cannot absorb more than 100% of the energy available in any given energy wavelength! So if H2O did absorb 80% of the energy and CO2 absorbed 50%, the sum is not 130%, only 90%. (0.8 + 0.5×0,2 or 0.5 + 0.8×0.5). In this example CO2 only adds one quarter of what the models predict.
How do I know this is true? Lucky for us we can measure what increasing CO2 in the atmosphere has already accomplished. For a model to have credibility it must be tested with measurements, and pass the test. There is important evidence suggesting the basic story is wrong. All greenhouse gases work by affecting the lapse rate in the tropics. They thus create a “hot spot” in the tropical troposphere. The theorized “hot spot” is shown in the early IPCC publications. (Fig A)
Fig. B shows observations. The hotspot is not there. If the hotspot is not there, the models must be wrong. So what is wrong with the models? This was reported in 2008 and the models still assume the additive nature of greenhouse gases, even to the point when more than 100% of the energy in a given band is absorbed.
How about Methane? Do not worry, it absorbs nearly exclusively in the same bands as water vapor and has no measurable influence on the climate.
But it will get warmer at the poles. That will cause melting of the ice-caps? Not so fast. When temperature rises the atmosphere can hold more water vapor, so it will snow more at higher latitudes. While winter temperatures will be higher with more snowfall, this will lower the summer temperatures until the extra snow has melted. And that is what is happening in the Arctics
As we can see from this picture, the winters were about 5 degrees warmer, but starting from late May through early August temperatures were lower. It takes time to melt all the extra snow that fell because of the less cold air, able to contain more water vapor.
These are my suggestions
Do not worry about increasing CO2 levels. The major temperature stabilizer is clouds, and they will keep the earth from overheating by reflecting back into space a large amount of incoming solar radiation. Always did, and always will, even when the CO2 concentration was more than 10000 ppm millions of years ago. Ice ages will still come, and this is the next major climate change, maybe 10000 years from now, probably less.
Clean up rivers, lakes and oceans from pollution. This is a priority.
Limit Wind turbine electric energy to areas not populated by large birds to save the birds. Already over 1.3 million birds a year are killed by wind turbines, including the bald and Golden Eagles that like to build their aeries on top of wind turbines.
Do not build large solar concentration farms. They too kill birds.
Solar panels are o.k. not in large farms, but distributed on roofs to provide backup power.
Exploit geothermal energy in geologically stable areas.
Where ever possible add peak power generation and storage capacity to existing hydroelectric power plants by pumping back water into the dams during excess capacity.
Add peak power storage dams, even in wildlife preserves. The birds and animals don’t mind.
Develop Thorium based Nuclear Power. Russia, China, Australia and India are ahead of us in this. Streamline permit processes. Prioritize research. This should be our priority, for when the next ice age starts we will need all the CO2 possible.
Put fusion power as important for the future but do not rush it, let the research and development be scientifically determined. However, hybrid Fusion -Thorium power generation should be developed.
When Thorium power is built up and has replaced coal and gas fired power plants, then is the time to switch to electric cars, not before.
Standard Nuclear Power plants should be replaced by Thorium powered nuclear plants, since they have only 0,01% of the really bad long term nuclear waste.
Start thinking about recovering CO2 directly from the air and produce aviation fuel. This should be done as Thorium power has replaced coal and gas fired power plants.
This is but a start, but the future is not as bleak as all fearmongers state.
Voting irregularities occurred in many ways in many states. Here are but a few of them:
Besides sworn testimonies of voter fraud there are also rumors about additional filled in ballots shipped from China. A forensic investigation will dispel these rumors.
Georgia is interesting. One small county did their recount by hand but came up with a different result than the voting machines. They had to back down since the law said that they had to be machine counted. A number of ballots were taken to the shredders.
Michigan is a special case. In Antrim county there was a vote about opening up a marijuana store in a small town. The vote came up tied, so a recount was ordered. It then showed the voting machines came up with different result dependent on which version of the software was used. The judge ordered an investigation of the voting machines, and the result was published
And the voting results for Biden did not follow Benford’s Law., but they did follow Benford’s law for Trump. This method is used forensically to find criminal behavior in economic audits to point to areas of fraud.
Yes, John Kerry must have been the only choice for environmental Czar. After all, he already has six houses, twelve cars, a yacht and his own private jet.
He will promote off-shore wind power, except outside one of his homes, solar power, but no new power lines anywhere near one of his homes, anddo away with coal.
I too want to limit coal consumption, but for an entirely different reason. I want to save some for future generations, and especially when we enter the next ice-age, which may be nearer than most people think.
If you hate Donald Trump, but can’t get yourself to vote for the Biden Harris ticket, what to do? After all Harris dropped out of the competition with less than 2% support before the Iowa primary and Biden came in fifth in the New Hampshire primary. I fully expected that the libertarian candidate Jo Jorgensen would get at least as many votes in 2020 as her predecessor got in 2016. Instead the vote count dropped from 3.3% to 1.2%.
Here is a hint of what happened; this time on election night in Pennsylvania:Between 12:09 a.m. and 12:15 a.m. Jo Jorgensen LOST 42,038 votes. Where did they go? It is my assumption that they went to Biden. Only a manual recount of Pennsylvania can resolve this. As it stands now, we have no election integrity.