Tag Archives: Uranium

Doug Casey’s #1 Speculation for 2023

Doug Casey likes gold and uranium. From Casey at internationalman.com:

Doug Casey #1 Speculation

International Man: Will 2023 be the year of central bank digital currencies (CBDCs)? Or will this terrible idea be consigned to the dustbin of history?

Doug Casey: CBDCs are a disastrous idea. But that’s never stopped “the elite” in the past. First, they did zero interest rates and negative interest rates, which I thought was metaphysically impossible. But they did it. Then they went to massive “quantitative easing,” a dishonest euphemism for money printing.

The next thing is going to be Central Bank Digital Currencies (CBDCs), which will give them unprecedented control over the finances of the average person.

On the one hand, it should be cause for a revolution because it will actually turn people into serfs. But on the other hand, the average American has almost no understanding of economics. He has little grip on what’s going on and believes propaganda.

We’re going to get CBDCs in 2023, and this is one of the scariest things on the horizon.

International Man: Will 2023 be the year uranium really takes off?

Doug Casey: Let’s recall the last uranium boom, which we were fortunate enough to catch back in 2001 to 2007. Uranium ran from $10 a pound up to $140 a pound. And that was in the days when the Russians and the Americans still had large nuclear weapon stockpiles, from which they recaptured lots of U-235 for use in reactors. That’s gone.

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Doug Casey on Why Uranium has Enormous Upside Potential

Casey is probably right; uranium could be a real home run. From Doug Casey at internationalman.com:

Upside Potential

International Man: What makes uranium attractive as a speculation?

Doug Casey: First of all, consider simple physical reality. Uranium is the cleanest, cheapest, and safest form of mass power generation. I understand that most people will be shocked to hear that, so let me explain.

It’s the cleanest. Unlike coal—which generates millions of tons of pollutants that need to be buried or are dumped into the air—a large nuclear power plant only turns out waste that can be measured in cubic yards.

It’s the cheapest. Of course, this is something that’s very hard to determine since the nuclear industry is burdened with so many counterproductive regulations, controls, and requirements. But uranium itself amounts to less than 5% of the overall cost of running a nuclear plant. In a free market—which we don’t have—nuclear would be, by far, the cheapest type of mass power generation.

And it’s the safest. Notwithstanding what happened at Chernobyl—which failed because of backward and shoddy Soviet technology, or Fukushima, which had literally a one in a million chance of occurring—nobody has ever died of because of nuclear power. But many thousands of people die every year from the pollution caused by burning coal. And when a dam producing hydropower collapses, typically thousands of people die. There are risks and costs to absolutely everything.

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Doug Casey on Why Uranium has Enormous Upside Potential

One of these days, and it may not be too far in the future, most people will recognize that nuclear power’s advantages far outweigh its disadvantages and new nuclear power plants will be constructed in the U.S. That’s bullish for uranium. From Doug Casey at internationalman.com:

Upside Potential

International Man: What makes uranium attractive as a speculation?

Doug Casey: First of all, consider simple physical reality. Uranium is the cleanest, cheapest, and safest form of mass power generation. I understand that most people will be shocked to hear that, so let me explain.

It’s the cleanest. Unlike coal—which generates millions of tons of pollutants that need to be buried or are dumped into the air—a large nuclear power plant only turns out waste that can be measured in cubic yards.

It’s the cheapest. Of course, this is something that’s very hard to determine since the nuclear industry is burdened with so many counterproductive regulations, controls, and requirements. But uranium itself amounts to less than 5% of the overall cost of running a nuclear plant. In a free market—which we don’t have—nuclear would be, by far, the cheapest type of mass power generation.

And it’s the safest. Notwithstanding what happened at Chernobyl—which failed because of backward and shoddy Soviet technology, or Fukushima, which had literally a one in a million chance of occurring—nobody has ever died of because of nuclear power. But many thousands of people die every year from the pollution caused by burning coal. And when a dam producing hydropower collapses, typically thousands of people die. There are risks and costs to absolutely everything.

I’m not mentioning wind and solar because, contrary to the huge volumes of propaganda touting them and the hundreds of billions malinvested in them, they’re only viable for select and isolated applications. They only produce a couple of percent of the world’s power and do so at great cost. They’re not viable alternatives for an industrial civilization.

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FBI uncovered Russian bribery plot before Obama administration approved controversial nuclear deal with Moscow, by John Solomon and Alison Spain

This story, which is a real story of Russian influence on the Obama administration and the Clintons, would, in a just world, push the fake Russiagate story out of the public eye. It’s not a just world, but this story may stir things up a bit. From John Solomon and Alison Spann at thehill.com:

Before the Obama administration approved a controversial deal in 2010 giving Moscow control of a large swath of American uranium, the FBI had gathered substantial evidence that Russian nuclear industry officials were engaged in bribery, kickbacks, extortion and money laundering designed to grow Vladimir Putin’s atomic energy business inside the United States, according to government documents and interviews.

Federal agents used a confidential U.S. witness working inside the Russian nuclear industry to gather extensive financial records, make secret recordings and intercept emails as early as 2009 that showed Moscow had compromised an American uranium trucking firm with bribes and kickbacks in violation of the Foreign Corrupt Practices Act, FBI and court documents show.

They also obtained an eyewitness account — backed by documents — indicating Russian nuclear officials had routed millions of dollars to the U.S. designed to benefit former President Bill Clinton’s charitable foundation during the time Secretary of State Hillary Clinton served on a government body that provided a favorable decision to Moscow, sources told The Hill.

The racketeering scheme was conducted “with the consent of higher level officials” in Russia who “shared the proceeds” from the kickbacks, one agent declared in an affidavit years later.

Rather than bring immediate charges in 2010, however, the Department of Justice (DOJ) continued investigating the matter for nearly four more years, essentially leaving the American public and Congress in the dark about Russian nuclear corruption on U.S. soil during a period when the Obama administration made two major decisions benefiting Putin’s commercial nuclear ambitions.

The first decision occurred in October 2010, when the State Department and government agencies on the Committee on Foreign Investment in the United States unanimously approved the partial sale of Canadian mining company Uranium One to the Russian nuclear giant Rosatom, giving Moscow control of more than 20 percent of America’s uranium supply.

To continue reading: FBI uncovered Russian bribery plot before Obama administration approved controversial nuclear deal with Moscow

Cash Flowed to Clinton Foundation Amid Russian Uranium Deal, by Jo Becker and Mike McIntire

Let’s face it, if Hillary Clinton were captured on video murdering someone, 95 percent of those who are “ready” for her would still be ready. The mainstream media and Democratic party are supine, and the Clinton’s counterattack machine is ruthless and vicious. Which means the following article, from The New York Times, may turn out to be enormously important. It details a fairly simple story that goes far beyond the usual Clinton scandal allegations, involving hefty donations to the Clinton Foundation and later, payment of a half-a-million dollars speaker’s fee to Bill Clinton from a Canadian company, Uranium One, and its officials in 2010, while the sale of its majority control to a Russian company was under consideration by the Committee on Foreign Investment in the United States (CFIUS), on which Hillary was a member. The Canadian company controlled 20 percent of US uranium production and two important mines in Kazakhstan. Neither Russia nor the US are self-sufficient in uranium.

The implications of the story are inescapable, but the subtext is important as well. The New York Times could have sat on, or downplayed, this story, as it has done many times for the Clintons. That it published this story now may simply be a matter of strategic positioning: Peter Schweizer’s book, Clinton Cash, will be released next month; he has allowed the Times a preview; the book details some of the connections between Uranium One and the Clintons. Even if that is the case, however, through the years the Times has ignored countless meritorious books and stories in other news outlets about the Clintons’ scandals. This one appears to be both too big and too straightforward to ignore: the Clinton’s accept money to allow a company based in Russia, almost by definition in bed with the Russian government, the head of which Hillary last year likened to Adolf Hitler, to buy up a good chunk of the world’s productive capacity of what is obviously one of its most important strategic minerals, uranium. Anyone who wants to mount a defense of Hillary, and undoubtedly many will try, has to explain why the donations to the Clinton Foundation were not disclosed, in clear contravention of Hillary’s pledge to do so when she became Secretary of State.

The New York Times and The Washington Post are to the Democratic party what The Wall Street Journal and Fox News are to the Republican party. That the Times has published this story suggests that perhaps the Democratic powers that be have decided that there are just too many scandals and Hillary is just too maladroit a campaigner to carry the party to victory in 2016. Therefore, it’s time to cut her loose, while there is still time to come up with another candidate (the Democrats don’t have much of a bench). That, however, is conjecture; stay tuned. From Jo Becker and Mike McIntire at nytimes.com:

The headline on the website Pravda trumpeted President Vladimir V. Putin’s latest coup, its nationalistic fervor recalling an era when its precursor served as the official mouthpiece of the Kremlin: “Russian Nuclear Energy Conquers the World.”

The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had taken over a Canadian company with uranium-mining stakes stretching from Central Asia to the American West. The deal made Rosatom one of the world’s largest uranium producers and brought Mr. Putin closer to his goal of controlling much of the global uranium supply chain.

But the untold story behind that story is one that involves not just the Russian president, but also a former American president and a woman who would like to be the next one.

At the heart of the tale are several men, leaders of the Canadian mining industry, who have been major donors to the charitable endeavors of former President Bill Clinton and his family. Members of that group built, financed and eventually sold off to the Russians a company that would become known as Uranium One.

Beyond mines in Kazakhstan that are among the most lucrative in the world, the sale gave the Russians control of one-fifth of all uranium production capacity in the United States. Since uranium is considered a strategic asset, with implications for national security, the deal had to be approved by a committee composed of representatives from a number of United States government agencies. Among the agencies that eventually signed off was the State Department, then headed by Mr. Clinton’s wife, Hillary Rodham Clinton.

As the Russians gradually assumed control of Uranium One in three separate transactions from 2009 to 2013, Canadian records show, a flow of cash made its way to the Clinton Foundation. Uranium One’s chairman used his family foundation to make four donations totaling $2.35 million. Those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs. Clinton had struck with the Obama White House to publicly identify all donors. Other people with ties to the company made donations as well.

And shortly after the Russians announced their intention to acquire a majority stake in Uranium One, Mr. Clinton received $500,000 for a Moscow speech from a Russian investment bank with links to the Kremlin that was promoting Uranium One stock.

At the time, both Rosatom and the United States government made promises intended to ease concerns about ceding control of the company’s assets to the Russians. Those promises have been repeatedly broken, records show.

http://www.nytimes.com/2015/04/24/us/cash-flowed-to-clinton-foundation-as-russians-pressed-for-control-of-uranium-company.html?hp&action=click&pgtype=Homepage&module=first-column-region&region=top-news&WT.nav=top-news

To continue reading: Cash Flowed to Clinton Foundation Amid Russian Uranium Deal