Central banks (including the Bank of England, the European Central Bank, the Federal Reserve) all failed to spot that inflation was coming. Why in the name of everything fiscal do we give money to these incompetent, overpaid buffoons? And why does anyone take any notice of what they say? It wasn’t difficult to see that inflation was coming. (I warned that inflation was coming fast and hard two years ago. I told you it was going into double figures.) Similarly, it was easy to see (and again you could have read it on this website) that interest rates were going up. The days of absurdly low, artificial interest rates are over. They’ve served their purpose – and lined up millions of people for penury, bankruptcy and homelessness. (You’ll find more about inflation in my book Moneypower.)
The idiots in governments keep saying that energy prices will fall next year. But they’re either being very, very stupid or they are lying. There is no way that energy prices are going to fall. They may go up and down a bit but the trend will be upwards. The officially supported and protected global warming cultists will ensure that energy prices go higher by helping to prevent oil companies finding new supplies. This winter is going to be a doddle compared to next winter. If you agree with me it might be a good idea to make appropriate plans. Congratulate yourself if you have a working chimney.
In the UK, the crypto-fascist-communist Government is now telling us how to heat our homes. They’re banning gas boilers and log burners and they want us all to install heat pumps and cavity wall insulation. They can sod off. When they pay my heating bills they can decide how it’s heated.
As Europeans burn garbage to stay warm, climate activists step up the war on natural gas
“Some men just want to watch the world burn.”
— Alfred Pennyworth
In Europe, they’re burning garbage to stay warm. “It’s so bad this season that you can smell trash burning every day, which is completely new,” said the 35-year-old mother of three from Jablonna, Poland, near Warsaw. “Rarely can you smell a regular fuel. It’s scary to think what happens when it really gets cold.” The Polish government suspended quality regulations on coal burning for those who can still afford it; 60% of households no longer can. Because of all the garbage burning, the government may soon hand out masks so its residents don’t inhale toxic fumes. Said one of Poland’s most powerful politicians last month, “one needs to burn almost everything, except for tires and similarly harmful things.” The government estimates that 40,000 people died annually from premature deaths from air pollution before the current crisis.
Forests are being hammered. In Estonia and Finland, forests that had been set aside to capture carbon dioxide to reduce climate change are now being so heavily logged that they are net emitters. Hungary lifted conservation regulations so old-growth forests could be logged; it then banned the export of wood pellets. “People buy wood pellets thinking they’re the sustainable choice, but in reality, they’re driving the destruction of Europe’s last wild forests,” said one conservationist. Wood pellets prices have doubled even in nuclear-heavy France which, under pressure from Germany, and in the grip of renewable energy mania, had been shutting down its nuclear plants so rapidly that it had stopped properly maintaining them. Romania has been forced to cap the price of firewood, which had skyrocketed. Burning wood releases more greenhouse gas emissions than burning coal, something most experts finally acknowledge.
Europeans are vigorously protesting not against Vladimir Putin but against their own WEF errand boy and girl rulers. With winter coming and energy in short supply, those protests will get even more intense, perhaps violent. From Eamon McKinney at strategic-culture.org:
With rapidly rising costs of living and the prospect of a winter without heat, anger against national governments is rapidly reaching breaking point.
European unity was always a questionable concept between a collection of diverse countries who have historically distrusted and disliked each other. The strength of that always questionable unity is now being tested as the EU is facing its greatest challenge. The initial enthusiasm among EU leaders for the conflict with Russia has waned considerably in recent months as the reality of its ludicrous and self-destructive war on Russia continues to backfire spectacularly on them.
With the long hot European summer now behind them the citizens of Europe are rising up in protest against their governments in huge numbers. While national leaders continue to lecture their people on the necessary sacrifices they must make to support Ukraine, fewer and fewer agree with them. With rapidly rising costs of living and the prospect of a winter without heat, anger against national governments is rapidly reaching breaking point. Germany, France, The Czech Republic, Austria and Italy have witnessed immense angry demonstrations that are seriously panicking their governments. To the extent that many are now trying to backtrack and seek solutions outside of EU directives, Hungary and Serbia have refused to tow the party line and have secured their energy interests with Russia. While the EU has demanded an energy sharing scheme among its member states, only energy-starved Germany seems keen.
Europe and China are both in the throes of energy shortages and it’s not yet winter. From Tyler Durden at zerohedge.com:
At least 20 Chinese provinces and regions making up more than 66% of the country’s GDP have announced some form of power cuts. Guangdong province, the southern industrial hub, is cutting ~10% of its peak power demand…
And as the severe power crunch hits major industrial hubs in China’s northeastern heartland, top political leaders face mounting pressure from businesses and citizens to solve the crisis through increasing coal imports to keep the lights on and factories humming.
Reuters spoke with Han Jun, governor of the northeastern province of Jilin, who said new coal suppliers are needed from Russia, Mongolia, and Indonesia. He added the province would also need to acquire coal mining contracts in the neighboring region of Inner Mongolia to ensure adequate supply.
Jilin is one of the ten provinces that have been hit hard by the power crunch. The government has rationed power to energy-intensive heavy industries like steel, cement, and aluminum plants to solve the problem, but that has yet to work. Power plants are also facing a surge in thermal coal prices and are unwilling to pass on to consumers.
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