There are some things that bring happiness to my soul. My enjoyments are easy ones. Peanut butter on toast (the food of gods), experiencing Macron getting a slap, and this …
The remarkable thing here is that what is happening is that our competitors on bidding for coal possessions has disappeared in a cloud of woke smoke.
This will rapidly end up being geopolitical, and the concern is this: can BlackRock, Citi, Prudential, HSBC, and their other woke mates choose the fate of countries?
They are currently impacting the fate of countries. Witness Canada and all of Western Europe.
I found a live shot of their respective energy policies:
But will they do the exact same to China?
Will they do the same to Russia? The answer to that will just be totally exposed in the due course of time, but we don’t actually need any crystal balls here as we simply watch actions, not words.
“China put 38.4 gigawatts (GW) of brand-new coal-fired power capability into operation in 2020, according to new global research study, more than three times the amount built in other places all over the world and possibly undermining its short-term climate objectives.”
Nearly all of the 60 new coal plants planned across Eurasia, South America and Africa– 70 gigawatts of coal power in all– are financed nearly specifically by Chinese banks”
We see all of this on the ground, and while it is taking place, previously reputable media outlets such as the FT, Reuters, and Bloomberg inform us that: “China’s belt and road effort creates a problem for China with respect to their environment goals.”
Actually?
There is no dispute or problem. Let me explain. Here is what is taking place. They will keep paying lip service to the woke ideology while catching the bulk of the energy market, and by the time all of us awaken, they’ll control the world’s energy and logistics chains. And as soon as they have actually done that, they’ll be able to manage the reserve currency and once they’ve done that … well, they will be the dominant power. Video game over. At this rate they’ll get there in a frighteningly rapid time period. No more than a number of decades.
Every week I find myself saying to myself “I just can’t believe this sheit I am reading.” It is the exact same old story. The West see themselves as above the East which the West (The United States And Canada and Europe) can determine to the remainder of the world what they must do.
From the BlackRock post:
“BlackRock Inc. and other major banks are working on plans to accelerate the closure of coal-fired power plants in Asia in a bid to phase out making use of the worst man-made contributors to climate change.
“The world can not perhaps hit the Paris environment targets unless we speed up the retirement and replacement of existing coal-fired electrical power,” Don Kanak, chairman of Prudential’s insurance growth markets division, said in a declaration. “This is specifically in Asia where existing coal fleets are huge and young and will otherwise operate for years.””
So shut down coal fired power stations, and hope inform, what are you going to change them with? How will this impact their standards of living?
Let’s put some numbers behind this to understand likelihoods. China has an enormous industrial sector. So huge it currently takes in 4x more primary energy than its transportation sector and more primary energy than all of the United States and European commercial sectors COMBINED. So, it’s huge.
Will the CCP willingly adversely affect this sector whereby it threatens China’s growing lead in the worldwide economy and, thus increasing worldwide political impact? I’ll let you be the decider.
In contrast to the United States, China utilizes 10x more coal than gas. In 2020, China built over 3x as much new coal capacity as all other nations combined, equal to one big coal plant EACH WEEK. In truth, in 2020 alone China’s fleet of coal fired power plants was broadened by a net 29.8 GW.
Think that’s a lot? In 2020 they commissioned 73.5 GW of brand-new coal plant propositions, which is over 5x that of the remainder of the entire world combined.
Editor’s Note: The 2020s will likely to be a significantly unpredictable years. More federal governments are putting their cash printing on overdrive. Negative interests are ending up being the guideline instead of the exception to it.
One thing is for sure, there will be a great deal of modification taking place in the years ahead.
That’s exactly why famous speculator Doug Casey and his team launched an urgent new report entitled Doug Casey’s Leading 7 Forecasts.