In light of the continued push by state AGs to go after Exxon on climate change, five senators have sent a letter to U.S. Attorney General Loretta Lynch demanding that in two weeks, the Department of Justice "immediately cease its ongoing use of law enforcement resources to stifle private debate on one of the most controversial public issues of our time - climate change." Or, said otherwise, to end the government witch hunt against political opponents of president Obama's energy agenda.
There will be no more discussion as to whether or not humans are contributing to climate change in the Portland, Oregan public school system, as the school board plans to ban all material that denies the existence of man-made climate change. Although the topic is still being heavily debated within the scientific community, young and impressionable students will now only receive the politically correct side of the issue. ‘Man is causing climate change, no questions asked.’
The globalist reset needs a trigger, a crisis which admittedly we do not have the ability to avoid. But, the reset also depends on the right people in place to rebuild the system after the crisis unfolds. Here is where the future can be determined. Whoever is left standing after the opening salvo will have a choice: to hide and hope for the best, or to fight for the position to choose who builds tomorrow. Will it be the psychotic globalist cabal, or will it be free people of conscience? It may not seem like it now, but the end result is up to us.
Things are getting ‘weird’ out there if you’re trying to be polite, and downright 'chaotic' if you're being blunt. Everywhere we look, we see signs that the systems that support us are breaking down.
"This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one. It is Europe's new Weimar moment.."
"Sell in May and go away" -- the old equity-market adage still holds water, but, as Bloomberg's Mark Cudmore explains, it's important to note how the seasonals have evolved since the great financial crisis.
"248 pages of leaked Transatlantic Trade and Investment Partnership (TTIP) negotiating texts” show that the American negotiating position, as Greenpeace put the matter, allows "No place for climate protection in TTIP,” and, though "We have known that the EU position was bad, now we see the US position is even worse.”
In Davos, they chug bottles of Chateau Lafite Rothschild and plot how to pillage small nations. At Berkshire, we will eat Dilly bars and plot how to pillage the middle class. Capitalism is beautiful and crony capitalism is the end product of politicians who prostitute the laws. I don’t have the power to change the current rules, but I can certainly learn to thrive within them.
The Vision for 2030 is mostly smoke and mirrors. Saudi Arabia probably cannot replace the money it will lose if oil goes out of style and so is doomed to downward mobility and very possibly significant instability. It has been a great party since the 1940s; it is going to be a hell of a hangover.
For those who thought that the world's biggest company losing over $40 billion in market cap in an instant on disappointing Apple earnings, would have been sufficient to put a dent in US equity futures, we have some disappointing news: with just over 7 hours until the FOMC reveals its April statement, futures are practically unchanged, even though the Nasdaq appears set for an early bruising in the aftermath of what is becoming a disturbing quarter for tech companies. Instead of tech leading, however, the upside has once again come from the energy complex where moments ago WTI rose above $45 a barrel for the first time since November after yesterday's unexpected 1.07 million barrel API inventory drawdown.
"As a skeptic of man-made global warming, I love our environment as much as anyone. I share the deepest commitment to protecting our planet for our children and grandchildren. However, I desperately want to get politics out of the climate debate. The Paris climate agreement is all about empowering the U.N. and has nothing to do with the climate."
- World stocks gain along with oil, clock ticks down to ECB (Reuters)
- Draghi Expected to Defend ECB in Face of German Criticism (WSJ)
- Trump, Cruz, Kasich seek to win over Republican leaders at party meeting (Reuters)
- Donald Trump Plans to Adopt More-Traditional Campaign Tactics (WSJ)
- Japan, Not Germany, Leads World in Negative-Yield Bonds (BBG)
The Winter of 2015-2016, which came to an end a few weeks ago, has been officially designated as the mildest in the U.S. in 121 years according to NOAA. While this fact will certainly add a major talking point in the global warming debate, it should also be front and center in the current economic discussion. The fact that it isn’t is testament to the blatantly self-serving manner in which economic cheerleaders blame the weather when it’s convenient, but ignore it when it’s not.