First, for some overall perspective let’s recognize that about 80 percent of all U.S. energy (always measured in BTUs) comes from fossil sources, with another 8.6 percent contributed by nuclear. Total energy from “renewables,” a term which probably doesn’t mean what you imagine it does, amounts to 11.4 percent. Of that total U.S. energy amount, solar and wind combined contributed barely over three percent.
“’Green Energy’ Capacities Are Overblown Hot Air.”
A Note To Readers
So the Democrats in the House impeached the President yesterday. Now what? Well, unless as reported this morning Pelosi stalls sending the impeachment to the Senate, the President would be quickly acquitted there.
Meanwhile from the billionaires, like Sir Michael Bloomberg, to the socialists like Bernie Sanders, the Democratic presidential candidates have only offered what most Americans already reject: Policies that shutdown even our now moribund economy. As the last item in this report makes clear, more than 80% of the energy we use comes from fossil fuels. And they want to shut all of that down!!
Torturing the nation, rather than getting on with building and rebuilding the broken-down infrastructure of the nation, must stop now.
Whether it is called the Green New Deal, or, as the head of the Bank of England Mark Carney said unequivocally at Jackson Hole, Wyoming in August, a dictatorship over governments by central banks for “greening the world economy,” the result will be the kind of population reduction that would make the British-led “Depopulation Lobby,” like Prince Phillip, blush: Report: ‘CO₂ Reduction’ Is a Mass Murder Policy https://action.larouchepac.com/green_fraud .
The alternative is a return to the system of national development created by Benjamin Franklin and Alexander Hamilton, and advanced by Abraham Lincoln, FDR, and Lyndon LaRouche. To totally defeat this unrelenting coup, the American People must support President Trump’s adoption of the American System of development defined today as LaRouche’s Four Laws, and lead the world to a new era of prosperity and peace. Let’s have some fun and revive the true United States!
In This Week’s Report
We begin with a report on the snow and rain, and yes it is much more than most Decembers and means, well not too much. For predicting what the rest of the winter will bring is an exercise for fools.
‘The water wars have begun,’ so reads the first words of one article in the next section of this report, which focuses on the completely insane attempt to divide up the state’s water when there is not enough of it for people, agriculture, fish and whatever else we wish to use it for.
That section is followed by this week’s report on PG&E. But, since over the past few months this report has covered the “PG&E Saga” of fires, electricity cut-offs, bankruptcy and the vulture funds attempting to take over the company. I think many readers here may be tired of it. So, this week I shall just give you the titles of articles and their links, which cover the bankruptcy process, the governor’s attempts to steer that and a few other odds and ends.
Since “A Real Economy Is Not a Financial Bubble,” the alarm bells are beginning to ring as the Federal Reserve is slated to pump into the banking system $2.93 trillion in short-term loans over the next month. Yes this is an echo of 2008, which is the last time the Federal Reserve intervened into the “Repo Market” shortly before the crash.
Next, under the headline “Infrastructure,” you will find reports on the deficit of $1 trillion in deferred maintenance, small nuclear reactors, China’s Move South Water North Project, and more.
This week’s report concludes with an article by Professor Larry Bell, “’Green Energy’ Capacities Are Overblown Hot Air.”
