Shell kijkt vooruit >> naar de subsidiepot voor duurzame energie, terwijl nog vele jaren lang veruit de belangrijkste bezigheid olie- en gaswinning zal blijven

Schreef gisteren al over de topgraaier van Exxon Darren Woods deze hufter vindt de draai van collega
oliemaffialeden naar duurzame energie een vorm van ‘greenwashing’*,
ofwel een mooi beeld scheppen voor het wereldtoneel, terwijl het
niets voorstelt. Te zot voor woorden dat iemand die niets doet commentaar heeft op
anderen, ook al heeft Darren in feite gelijk.

Echter waar
Woods niet aan heeft gedacht is het feit dat er met duurzame
energie een hele bak subsidie is te halen en wat dat betreft is hij
dus een hele slechte CEO. Inderdaad er is met duurzame
energie vele miljarden aan subsidie binnen te slepen, niet voor niets dat Shell en nog een paar
andere oliereuzen zich op duurzame energiemarkt hebben gestort.

Malcolm
Harris, de schrijver van het hieronder opgenomen artikel kijkt verder
dan de neus lang is en stelt dat ook de oliemaatschappijen die zich
nu op de alternatieve energiemarkt storten, tegelijkertijd
zoveel mogelijk fossiele brandstoffen
uit de grond willen halen
, dat is voor deze bedrijven zelfs het allerbelangrijkste doel
voor de komende jaren, immers er zijn enorme winsten te maken en dat
is men voorlopig niet van plan op te geven….. Ofwel firma’s als
Shell proberen de wereld duidelijk te maken dat men op het goede pad
is, terwijl de werkelijkheid er totaal anders uitziet…. De werkelijkheid laat dan ook zien dat er jaar op jaar meer fossiele brandstof worden uitgestoten, waar politici hun doorzichtige valse beloften doen dat we teruggaan naar de uitstoot van 1990….**

Lees het
uitstekende artikel van Harris en geeft het door! Jaarlijks worden er
meer fossiele brandstoffen gebruikt, waardoor de uitstoot met het
jaar groeit, terwijl een groot aantal westerse politici zich voordoen
als begaan met de klimaatverandering en dan m.n. de negatieve
gevolgen daarvan, zoals de immer groeiende weergerelateerde rampen,
neem de maandenlange bosbranden in Australië, of de steeds vaker
optredende orkanen, die ook aan sterkte winnen (waar
men in de Filipijnen eertijds sprak over het orkaanseizoen, vinden
deze nu het jaarrond plaats…..***)

In het artikel besteedt Harris ook aandacht aan het stelen van grondstoffen in arme landen door de grote oliemaatschappijen, zoals Exxon Guyana op een gigantische manier heeft belazerd en waar onervaren politici akkoord gingen met ronduit diefstal…. (al moet je niet vergeten dat grote bedrijven als Exxon, Shell en Unilever politici in die landen omkopen, het is dan ook in het belang van grote bedrijven dat de corruptie in die landen in stand wordt gehouden…..)

Het
artikel van Harris werd eerder gepubliceerd op de Intellingencer, ik
werd erop gewezen door een mail van Unearthed (Greenpeace):

Shell
Is Looking Forward

The
fossil-fuel companies expect to profit from climate change. I went to
a private planning meeting and took notes.

By
Malcolm Harris

We think
democracy is better,”
said
the jet-fuel salesperson. “But is it? In terms of outcomes?”

In a conference room
overlooking the gray Thames, a group of young corporate types tried
to imagine how the world could save itself, how the international
community could balance the need for growth with our precarious
ecological situation. For the purposes of our speculative scenarios,
everything except for carbon was supposed to be up in the air, and
democracy’s track record is mixed.

A graph from Chinese
social media showing how many trees the country is planting — a
patriotic retort to the Swedish
climate activist Greta Thunberg
— had a real effect on the
room. Combine that with the Chinese state-led investment in
clean-energy technology and infrastructure and everyone admired how
the world’s largest source of fossil-fuel emissions was going about
transition. That’s what the salesperson meant by “outcomes”:
decarbonization.

Regional experts from
sub-Saharan Africa and the Middle East–North Africa also
entertained the democracy question, pointing to Iraqi disillusionment
with voting and economic growth in Rwanda under Paul Kagame (“He’s
technically a dictator, but it’s working”). The China expert said
the average regional Communist Party official is probably more
accountable for his or her performance than the average U.K. member
of Parliament, a claim no one in the room full of Brits seemed to
find objectionable. The moderator didn’t pose the question to me,
the American expert, presumably because our national sense of
democratic entitlement is inviolable.

Actually, the
moderator didn’t ask me any questions during the plenary that
followed our regional-perspectives panel, either. That might have had
something to do with my talk, which included bullet points like
“Green growth is a myth” and “Your corporate existence is
incompatible with a livable future for cohorts that are already
born.” But I didn’t get that impression, not really. I was
repeatedly asked to be honest, and everyone was really nice about it.
Everyone was really nice in general.

Since
2017,
when
I published a book
about American millennials
, I’ve had the occasional cold call
from corporations to come talk about my work, all but one of which
I’ve turned down. But last fall, the Shell Scenarios team — as in
Royal Dutch Shell, one of the biggest oil companies in the world —
offered me £2,000 in exchange for a 15-minute talk and my
participation in a group exercise. Its internal corporate think tank
was holding a daylong conference about how generational change would
affect the hopefulness projected in what the company calls the “Sky
Scenario,” which it describes as “a technically possible but
challenging pathway for society to achieve the goals of the Paris
Agreement.” I’m not a climate expert, but apparently I qualify as
a generational whisperer, at least to Shell, and to talk to me about
global warming, the giant energy conglomerate wanted to fly me to
London from Philadelphia, business class. I warned them that I
couldn’t keep their money and asked if I’d need to sign an NDA.
When they said no, I saw an opportunity to report on the oil company,
undercover while in plain sight, without technically lying to anyone.
It was too good to pass up. I said yes, then I emailed my editor.

The October 2019
workshop, it turned out, was timely. Fossil-fuel divestment used to
be a fringe, college-campus concern, but over the past year, it has
become increasingly in vogue in the world’s financial centers,
including Davos, where it recently dominated conversation at the
World Economic Forum (WEF). In December, a couple of months after the Shell
workshop, the Bank of England proposed a new climate stress test to
measure the resiliency of its banks in the face of warming — a move
echoing that of Christine Lagarde of the European Central Bank and
reportedly being considered by the chair of the U.S. Federal Reserve,
Jerome Powell. Germany announced major coal phaseouts in January with
coal-fired power generation scheduled to halt by 2038 at the latest.
In a much-celebrated letter the same month, Larry Fink, the CEO of
BlackRock, the world’s largest asset manager, declared an
about-face on fossil fuels, saying climate change was now a “defining
factor in companies’ long-term prospects.” The entire country of
Finland proclaimed it would go carbon neutral by 2035. Even the
investor cartoon Jim Cramer, of
Mad
Money,

got in on divestment, tweeting, “I am taking a hard pass on
anything fossil.” Now ExxonMobil is down $184 billion-with-a-
b
since its 2014 peak.

From a certain
vantage, the momentum looks almost definitive, as though nothing
could stand in the way of a renewable future. But unlike coal, oil
and gas companies are still definitely profitable, even investable,
and more oil and gas are being produced, and used, every year —
which helps explain why carbon emissions keep rising too. There’s
little doubt that fossil-fuels are, culturally speaking, on the wrong
side of history. But there is still a lot more money to extract from
those wells, and the fossil-fuel businesses are intent on extracting
as much as they can. It’s not necessarily such a bad time to be an
oil and gas company, in other words, but it is a bad time to look
like one. These companies aren’t planning for a future without oil
and gas, at least not anytime soon, but they want the public to think
of them as part of a climate solution. In reality, they’re a
problem trying to avoid being solved.

Few organizations have
been paying as much attention to global warming for as long as the
companies that have helped cause it. Journalists at the Dutch
publication
The
Correspondent

tracked down an educational video Shell released in 1991 called
“Climate of Concern,” which warned, “Global warming is not yet
certain, but many think that to wait for final proof would be
irresponsible. Action now is seen as the only safe insurance.”
There’s good evidence Exxon knew a decade earlier. But not only did
these companies continue exploiting their reserves, not only did they
explore for new sources and develop new modes of extraction, like
fracking, but they funded politicians and groups that claimed not to
believe in global warming, agents that have worked to delay the same
action they knew was “our only safe insurance.” So far, the oil
and gas companies’ calculations — that delay would make them
money and that they could avoid consequences for misleading the
public — have been spot on. But denial-backed delay is no longer
sufficient, it seems. They’re now hoping to leverage their
incumbency, and fossil-fuel wealth, to lay claim to the world’s
clean-energy future as well. To do that, they’ll have to persuade
young people to forget who caused climate change in the first place,
or at least to let bygones be bygones. And if they can transition
their corporate profiles from fossil fuel to green energy without
missing a profitable quarter, that wouldn’t be a repudiation of
their delay strategy; it would be a vindication.

Of course, to judge by
the advertisements, the transition to renewables has already
happened. British Petroleum is now a solar-energy company called BP,
ExxonMobil brews giant swimming pools of cool green-algae fuel, and
Shell maintains mountain canyons lined with wind turbines floating in
fog. All these initiatives actually do exist, though they are a tiny
fraction of each company’s budget; so far, the main product of
Exxon’s algae program seems to be propaganda. Right now, these
companies have to convince governments and their publics to let them
run out the clock with fossil fuels, and they’ve decided the best
way to do that is to appear to be an essential partner for whatever’s
coming next. I was ostensibly there to help plan the timing.

Organizers
broke

the conference up into three parts: first, a panel on polling and
millennial politics; then the regional-perspectives panel; and
finally, a collaborative exercise in which “deductive” and
“inductive” groups imagined different paths to 2050. By gathering
millennial employees from throughout the company, along with experts
on the cohort and senior management, the strategies team surely hoped
to infuse the firm’s leadership with a drip of youth consciousness,
the way some oligarchs are rumored to inject themselves with young
people’s blood. It’s supposed to help them stay agile. Other than
the eight outside experts, there were a couple dozen people from
Shell, ranging from HR specialists in their 20s to senior global
executives (mostly Gen X and boomers). Staffers quoted me the figure
“90,000 employees” (roughly the size of the company as a whole) a
few times when explaining that virtually none of them knew one
another.

Some of the most
revealing insights came the night before the sessions at a group
dinner at a minor Gordon Ramsay restaurant. The venue had two party
spaces, and it wasn’t immediately clear where we were supposed to
go, but when someone suggested putting up a sign rather than having
wait staff direct the party one by one, the younger Shell employees
grimaced. “Extinction Rebellion,” one said, less than
half-joking. The climate-protest group has a major presence in the
city with flyers and volunteers everywhere. “XR” targeted Shell
locally in April 2019, smashing windows at the company’s London
headquarters. In the U.K., it has succeeded at creating an ambient
sense of fear or at least shame. We gathered in the mezzanine dining
area and milled around doing introductions, and I asked young workers
from the far-flung corners of the Shell empire, “Oh, what’s that
like?” I tried to remember not to talk like a reporter.

When they called us to
the table for dinner, I was lucky enough to be seated next to one of
the senior Shell participants, Steven Fries, the firm’s chief
economist. We met over arancini, the likes of which you might find at
an upscale food court in a baseball stadium. Based in Shell’s
global headquarters in the Hague, Fries pronounces his words with a
precision that defies accent; even after speaking with him, his
colleagues didn’t realize he’s an American until he told them.
Like many people who studied economics at elite Western institutions
between 1975 and 1986 would, he blames the lack of affordable housing
in London on too much government regulation, which is why his support
for big public investments to transition society away from oil and
gas surprised me. That is, until I realized that, in his mind, those
big public investments would be going to energy companies. When the
proverbial light bulb went on above my head, he gave me a look that
seemed to say, “Come on, man. What do you think we’re doing
here?”

In the corporate
sector, there’s still faith at the top that economic incentives and
profit-seeking behavior can manage the crisis that capitalism has
wrought. In such thinking, climate change is like a redux of the hole
in the ozone layer: potentially bad but solvable with the tools on
hand and without real changes to our lifestyles. Fries estimates that
we’ll be able to cost-effectively fill two-thirds of world energy
demand with clean sources within 20 years. (That’s ten years more
optimistic than the optimistic scenario of the International
Renewable Energy Agency, an intergovernmental organization mandated
to propagate optimistic scenarios about renewable-energy transition.)
Even if that kind of turnaround is unrealistic, the Shell plan isn’t
so different from the mainstream climate left’s agenda. A recent
paper from Stanford professor and renewable advocate Mark Z. Jacobson
calls for $73 trillion in spending to transition most of the world’s
power grids no later than 2050, and he and his co-authors figure
it’ll pay for itself in energy savings alone within a decade. In
the analysis of Jacobson and other Green New Deal supporters, how
many of those trillions end up going to Shell is largely beside the
point. But for Shell, that’s the whole ball game.

In the meantime, I
asked Fries, if Shell is serious about transition, then couldn’t it
voluntarily speed it up by leaving some of its wells fallow,
constraining oil output and thereby driving the price relative to
renewables higher, faster? Sure, it would have to take some losses in
the short term, but we’re talking about the future of the planet
here. He dismissed the idea, telling me it’s important not to
artificially withhold supply, which would introduce price shocks that
could turn public opinion against environmentalist policy. Besides,
it would only end up sending money to the Saudis anyway.

We’re going to
get as much out of [oil and gas] for as long as we can,” he said.

That’s an
extremely frightening thing for you to say,” I said.

It doesn’t mean
every drop,” he said, failing to reassure me.

Shell would apparently
prefer us not to think about how to reduce carbon emissions by
raising the costs of fossil-fuel development. Which makes sense: No
matter their green branding, fossil-fuel companies do not want their
projects rendered uneconomic. Instead, they want to talk about how
their new projects can be rendered economic faster. Even planned
production from existing fossil-fuel infrastructure, it’s been
estimated, will push the planet past the Paris targets, and Shell is
still “exploring” for new oil deposits to exploit. “In terms of
emissions, it’s one of the cleanest ways to go,” a Shell employee
in deepwater strategy seated across from me explained about deepwater
drilling as compared with other kinds of drilling. “Of course, when
you put it in your car and burn it, it’s oil, but,” he said,
trailing off. Although the slice of revenue energy firms derive from
fossil fuels is by all accounts scheduled to shrink, Shell foresees a
sizable enduring demand. No one has viable plans for a
battery-powered container ship, and the world’s militaries aren’t
about to give up jet fighters pending the development of an electric
model. Not to mention that all this clean technology requires a lot
of energy in advance for manufacturing.
 

Deepwater wells operate on
a ten-year schedule, I’m told, so my dinner companion doesn’t
expect the ones he’s looking at now off the coast of Brazil to even
yield product until the 2030s, at which point it will take more time
just to earn back the initial investment and even longer to turn a
profit.

In February, Shell
announced the purchase of a 50 percent operating stake in three
deepwater blocks off Colombia’s Caribbean coast under an agreement
with Colombian state-controlled Ecopetrol. And Shell’s not the only
one looking in the water off South America: In January, based on
exploration in late 2019, Exxon revised its estimate upward for its
blocks off Guyana, from 6 billion barrels of recoverable crude to
8 billion. (A week later, the nonprofit watchdog Global Witness
released a report
estimating that Exxon’s 2016 agreement with the country, negotiated
with inexperienced government counterparts, had deprived the Guyanese
people of $55 billion compared with international contract norms.)
Fossil-fuel companies claim they’ve got one eye on 2050, but
they’ve clearly got the other on next week. “If these activities
are positive, these discoveries could be developed and potentially be
a substantial increase in gas supply in the medium term,” a Shell
spokesperson said of the Colombian offshore blocks, as if that would
be a good thing.

But if short- and
medium-term profit considerations are still driving plenty of
decision-making at Shell and the other energy companies, employees
are trying to think ahead when it comes to their careers. During the
cocktail hour before dinner, I met a geoscientist who has been
attempting his own transition (to the finance side of the business),
preparing to move from the declining subsurface field to clean tech.
I asked how he got involved in oil exploration in the first place. A
little embarrassed, he told me he liked rocks as a kid. When he
graduated from college, he saw two career paths: the energy sector or
academia, where he would just be training others for the energy
sector anyway. He said he was worried about the next generation of
Earth-science students, who are graduating into a shrinking industry.
Maybe they’ll be mining asteroids, suggested the deepwater
strategist.

According to the
geoscientist, one of the ways Shell incorporates climate change into
its calculations is that when it looks to develop a new fuel source,
it tries to figure out how much it’ll be able to sell it off for
when the company transitions out of fossil energy — when the
reputational costs start to exceed the returns. Whoever buys it will
almost certainly continue extracting but at a lower cost of
production, maybe because it has better technology or, more likely,
because it cuts corners on labor and safety. What this means:
Unregulated fossil-fuel production might come to look a lot like the
narcotics trade, with its brutal criminal organizations that thrive
in conjunction with corrupt state elements regardless of
international agreements. The problem is that once reserves are
discovered, there’s no way to undiscover them. “We don’t plan
to lose money,” the geoscientist turned finance analyst said, and
he meant it in the most general way.

The whole session was
conducted under “Chatham House Rule,” which means participants
are allowed to repeat what they hear but not who said it. The idea
behind the rule is that it creates circumstances under which
subordinates can speak freely to higher-ups about the company without
endangering their career path. (As an American reporter, I am
ignoring the rule when I see fit, having technically never agreed to
anything.) The deepwater strategist put it to the test, prodding the
senior executive Fries about the generational implications of green
regulation. Was Fries, he wondered, going to help pay for the new
electric car he’ll have to buy if the internal-combustion vehicle
he just saved up enough to purchase is banned?

At a pub after dinner,
away from the executives, the deepwater strategist confessed that he
often thinks about what he’ll have to tell his child someday about
the job he’s doing now. “I don’t have any kids, but, yeah,”
the geoscientist agreed. He didn’t know how to describe the people
to whom he owes an explanation, but he knows they’re out there.

The biggest
gap in politics

right now is generational, the Harvard polling expert told us. “This
is a two-thirds generation in a 50-50 country,” he said, meaning
that millennials are much more reliably progressive than the country
as a whole. This makes sense. Young people are fearful, they have
little trust in institutions, and they’re dealing with high levels
of stress and anxiety. This has led to generational tension,
especially around the existential challenge of climate change. One of
the session’s recurring themes was that millennials and Gen-Zers
have a stronger moral and ethical drive than their elders, and they
expect us to use our values to help force companies to do the right
thing. But Shell doesn’t seem to fear attacks on its brand from
consumers, since most of its business is with other companies, and
even when it comes to customers, most people don’t make choices
about where to buy gas based on the relative climate villainy of the
respective oil companies. On top of which, its product is not very
recognizably branded. “Jet fuel is jet fuel,” I was told.
Instead, it’s worried about being left behind by the curve of
social change, that if it doesn’t become more than an oil company,
it’ll stagnate, wither, and eventually die.

We were tasked with
trying to come up with ways Shell could see what’s coming, and
participants began by imagining various ways Shell would feel this
“rise of a new ethics,” as one of the experts called it:
millennial politicians forcing harsher regulations, millennial
investors divesting from fossil fuels, millennial potential recruits
who don’t want to be embarrassed about their work, and millennial
protesters who push everyone else. Shell strategists used the phrase
“long march through the institutions” — coined by the German
communist Rudi Dutschke for the ’60s student movement — to
describe the way they expect left-wing climate radicals to become
part of the Establishment.

Lees verder

===================================

*  
Zie: ‘Exxon ‘topman’ vindt klimaatdoelen najagen een onzinnige bezigheid

** Waarschijnlijk zal e.e.a pas worden bereikt als de
mensheid door bijvoorbeeld een enorme pandemie wordt getroffen, zo is het Coronavirus
nu al verantwoordelijk voor een enorme vermindering van uitstoot, een
vermindering zo groot dat politici zich de oren van de kop zouden moeten
schamen dat er zo weinig is bereikt terwijl er al zoveel overleg is geweest op de vele klimaattoppen (waar die toppen zelf ook al een fikse aanjager zijn van de klimaatverandering…)… Politici die nog steeds oliemaatschappijen laten plaatsnemen aan de
onderhandelingstafels en dat voor meer dan 90% van de tijd, terwijl milieuorganbisaties blij mogen zijn als ze 6% van de tijd mee mogen doen aan de onderhandelingen…..

*** Deze
bosbranden moeten gevolgen hebben voor de rest van onze kleine aarde,
als je ziet dat de ‘rookwolk’ van die bosbranden zo groot was als een
fiks deel van Europa…..

Zie ook:

Australië: film ‘Dirty Power: Burnt Country’ maakt gehakt van regeringsbeleid en media misinformatie‘ 

Australië: steenkoollobby werkt samen met de regering nog veel meer bosbranden in de hand

Groot Barrièrerif voor 60% verbleekt

Brekend Coronanieuws: koningshuis vraagt om overheidssteun: Shell keert aanmerkelijk minder dividend uit op de aandelenportefeuille‘ 

Shell scherpt klimaatdoelen aan, ofwel greenwashing op ‘topniveau’‘ 

Groot Barrièrerif voor 60% verbleekt‘ 

Houtstook professioneel en voor huishoudens moet worden verboden‘ 

Australië: steenkoollobby werkt samen met de regering nog veel meer bosbranden in de hand‘ 

CDA wenst geen EU ‘green deal’ en ‘klimaatambassadeur’ de Boer weet niet waar hij over spreekt‘   

Frits Böttcher een ‘klimaatsceptische wetenschapper’ die zich liet betalen door o.a. Shell, KLM en AkzoNobel 

Siemens heeft lak aan de klimaatverandering en haar slachtoffers‘ 

Australië slaat alarm over koraalriffen…….. AUW!!!‘ en zie wat het rif betreft ook:

Australische autoriteit geeft toestemming voor dumpen van 1 miljoen ton giftig havenslib in Groot Barrièrerif (Werelderfgoed)

De bosbranden in Australië zullen hun weerslag op de hele wereld hebben‘ 

Schildpad
animatievideo over plastic- en olievervuiling oceanen >> door
makers: Wallace and Gromit >> Greenpeace Nederland laat het alweer
afweten

10.000 dromedarissen worden in Australië afgeschoten vanwege droogte

Australische bosbranden: 500 miljoen dieren dood en een rookpluim die groter is dan Europa’

Greenpeace stelt dat de klimaatverandering is te stoppen ha! ha! ha! ha!(en zie de links in dat bericht over de klimaatverandering enz.)

Australië
staat in brand terwijl de regering milieuactivisten straft voor het
zich uitspreken tegen de oorzaken van de klimaatverandering
‘ 

Scott
Morrison (premier Australië) moest bezoek aan door bosbrand getroffen
gebied afbreken en vertrok met de staart tussen de benen

 

Australië staat olieboringen toe in de Grote Australische Bocht, inclusief seismische ontploffingen‘ 

Duitsland stelt CO2  belasting op € 25,– in plaats van € 10,– >> heibel in de deelstaten‘ (terwijl die € 25,– per ton CO2 een veel te lage belasting is…)

Remco de Boer (‘klimaatambassadeur’) wil de Nederlandse kolencentrales openhouden

Filipijnen geen orkaanseizoen, maar het jaarrond tropische cyclonen

BP stelt in milieuplan dat een olieramp op zee goed is voor de lokale economie……….

Australië geeft toestemming tot uitbaten enorm grote kolenmijn

Redt het Groot Barrièrerif, zet uw handtekening a.u.b.!

Het Groot Barrièrerif, dreigt te worden gesloopt voor een grote kolenhaven……..

Australië heeft VN gedwongen een passage uit een klimaatrapportage te verwijderen………..

Leard Forest: grootste kolenmijn ooit dreigt gerealiseerd te worden in dit vele duizenden jaren oude Australisch bos……… 

Australië exporteert dagelijks één miljoen ton steenkool, dit i.h.k.v. de klimaatverandering en de afgelopen klimaattop……..‘ (daar wordt jaarlijks nog eens 10 miljoen ton aan toegevoegd….)

Coca-Cola betaalt wetenschappers om haar producten te promoten en voor weerleggen kritiek……

Shell, ExxonMobil en andere oliemaatschappijen gaan 180 miljard dollar investeren in plasticproductie………

Bas Heijne weet, geenszins ‘onbehagelijk’, niet wat te denken van de klimaatverandering……. OEI!!!

ExxonMobil vervolgd voor ‘misleiding…’ Nou zeg maar het op grote schaal bedonderen van de kluit!!

Shell was al in 1989 overtuigd van klimaatverandering………….

Exxon lobbyist (politicus) dagvaardt milieugroepen voor kennis bij Exxon over klimaatverandering…….‘ (ongelofelijk ook…..)

De grootste diefstal uit de geschiedenis van de mens: inflatie

Ben
bepaald geen fan van Bill Bonner, echter het volgende artikel van
zijn hand bevat (althans zeker voor mij) aardige gezichtspunten op het
financiële beleid in de VS als instrument om dollars bij te kunnen
drukken en daarmee de waarde van de dollar te verminderen. Zo zou de
huidige dollar volgens Bonner in vergelijking met die van 1971 nog
maar 3 dollarcent waard zijn……

Eén en
ander is het gevolg van de ‘nieuwe dollar’ die in 1971 onder ‘tricky dick’ Nixon werd
geïntroduceerd en waarbij de Fed de macht kreeg om (fiks) dollars
bij te drukken en daarmee de inflatie te voeden…….. Het grootste
deel van het volk in de VS begreep niet waarom hun geld destijds zo
snel in waarde verminderde en gaven de schuld aan de arabieren
(vanwege de hoge olieprijs), echter de energiecrisis van de 70 er
jaren bracht alleen de prijs terug op het niveau van voor de grote
dollar diefstal in 1971* >> de OPEC besloot minder
olie te produceren, waarop de prijzen stegen naar het niveau van
voor 1971…… Zie in het artikel hieronder hoe de inflatie zelfs met dubbele cijfers groeide…… (het is een studie waard om te zien wat het effect van de nieuwe dollar en de infaltie in de VS was op
de Nederlandse economie en die van de ons omringende landen….)

Inflatie
is zoals Bonner zegt inderdaad een instrument om mensen nog meer
belasting te laten betalen, waar de winsten daarvan in de VS vooral
naar de superrijken stromen…… Terwijl 50% van de onderlaag in de VS sinds 1999 30% armer is geworden, stijgen de inkomens van de welgestelden jaar op jaar……

Vergeet bij dit alles niet dat ook in de EU, ofwel bij de Europese Centrale Bank (ECB) de geldpersen al jaren overuren maken……. Een zaak die in feite de ‘EU maatschappij’ steeds verder ontwricht…….

Lees het
artikel van Bonner, overigens onderdeel uit een soort ‘dagboek’, waar
je de link naar het vervolg van het hieronder opgenomen artikel, onder dat artikel terugvindt. Mocht je het interessant vinden dit ‘dagboek’ te volgen, neem dan
het adres van Bonner & Partners of van Money and Markets over en
houdt de boel in de gaten, dit artikel nam ik over van Money and Markets:

Bonner:
The Feds and the Biggest Money Heist In History

Bonner: The Feds and the Biggest Money Heist In History

Posted
by Bonner &
Partners
| Jan 28, 2020 | News

Inflation
is always and everywhere a rip-off. 

Bill Bonner

BALTIMORE, MARYLAND —
The nice thing about inflation, at least from the feds’ point of
view, is that it doesn’t leave fingerprints.

Today’s dollar, for
example, is worth only three cents of the pre-1971 dollar. But who
dunnit? Who stole 97 cents out of every dollar?



New-Buck Scam

People thought the
switch to a new buck in 1971 was just a “technical” move. Still
do. But there was a big difference. The old dollar was a killjoy. The
feds just couldn’t have much fun with it. But the new one was like
an inflatable sex toy — it would go along with anything.

And when the first
wave of consumer price inflation hit in the ’70s, few people
understood what had happened. They thought the Arabs had pulled a
fast one. But as we saw last week (catch up here and here),
the First Oil Shock only returned the real price to where it had been
before the feds’ funny-money printing began.

Investors didn’t
notice their pockets were being picked either. In new dollars, the
Dow barely moved throughout the ’70s. But it lost 92% of its real
value.

And still today, only
you… and we… seem to realize how the Federal Reserve’s money
printing and ultralow interest rate policies (from 2009 to 2015) put
$20-some trillion into the pockets of the richest people in the
country.

Most people got
nothing from it. And relatively, the poor got poorer as the rich got
richer. 

The bottom 50% of the population are actually 30% poorer
today than they were in 1999 — even using the feds’ phony
inflation calculator.

But does anyone blame
the real culprits? Nope. They blame the Mexicans and the Chinese. 

Do
they vote for someone who pledges to end inflation? Or someone who
calls for more of it?

It doesn’t matter
whether the inflation goes into the capital markets or the consumer
economy… it works the same way, like a thief in the night. And now
underway is probably the biggest heist in history…

Like
a Street Mugging

Milton Friedman was
wrong about inflation. It is “always and everywhere a monetary
phenomenon,” said he. But that misses the point of it. A shooting
star is a phenomenon. So is irritable bowel syndrome; nobody is sure
what causes it.

But inflation is no
more a “phenomenon” than a street mugging; it is done for a
reason, to transfer wealth from some people to other people. It’s a
way for the feds — and their clients, cronies, and hangers-on —
to get more than taxpayers are willing to give them.

If they tried to
support their boondoggles and jackass programs by direct taxation
alone, there would soon be mobs gathered in the Capitol, with pitch
bubbling and rails at-the-ready.

But inflation?

Here at the Diary,
we guess about a great number of things — always trying to connect
the dots. We’ve been at it for so long, we’ve probably been wrong
about most everything. We’ll get to the rest in due course.

But one thing we’re
probably not wrong about is inflation. And when the Fed announced at
its December 2015 meeting that it would stop inflating and
“normalize” its monetary policy, we knew it was BS. Why?

With its ultralow
interest rates and its quantitative
easing (QE)
programs, the Fed created a hothouse atmosphere. The
QE program alone gave some $3.6 trillion in new money to big
investors.

It was as if a very
rich person in a small town bid on all the houses that came up for
sale. 

Prices rose. Everyone thought he had gotten richer. But take
away the reckless buyer, and the market would quickly adjust to
normal supply and demand pressures. Prices would fall back to
“normal.”

Falling prices would
cause the “wealth effect” to reverse into a “negative wealth
effect.” The economy would go into recession.

Keep
the Heat On

Either you keep
feeding warm air into the hothouse… or the orchids die. Greenspan,
Bernanke, Yellen, and now Powell — have all kept the heat on.

The last Fed chief to
turn off the heat was the recently
deceased Paul Volcker.
He saw the “Inflate-or-Die” trap. To
escape it in 1980, he raised the Fed’s key rate to 20%, cut off the
hot air, and opened the windows, causing the worst U.S. recession
since the Great Depression.

Naturally,
politicians, economists, and the press howled and whined. A mob even
burned Volcker in effigy on the Capitol steps. But inflation quickly
fell, from nearly 14% in 1980 to only 3.2% in 1983.

Years before, another
great Fed chief, William McChesney Martin, explained why a good
central banker is more likely to be branded a villain than a hero:

In the field
of monetary and credit policy, precautionary action to prevent
inflationary excesses is bound to have some onerous effects… Those
who have the task of making such policy don’t expect you to
applaud.

Tough
Love

It’s been 40 years
since Volcker’s tough love. Since then U.S. federal debt has gone
from under $1 trillion to $23 trillion.

The Dow, too, went
from under 1,000 to over 29,000. And the people willing to support an
honest central banker — traditional fiscal conservatives and Ronald
Reagan — have disappeared.

As for the old
conservatives, they went AWOL when Republicans realized that, in a
funny-money world, “deficits don’t matter.”

William McChesney
Martin died in 1998. (He was replaced at the Fed in 1970 when he
resisted the new-money plotters.) Paul Volcker died late last year.

Today, Fed jefes are
willing to go along with the gag, and are described by the popular
press as “saving the world” (Greenspan), or “heroes” with
“the courage to act” (Bernanke).

And the current U.S.
president is not worried about curbing inflation. He wants more of
it. Here’s the commander in chief commenting on the Fed’s brief
fling with prudence:

It was a
killer when they raised the rate. It was just a big mistake. And they
admit to it. They admit to it. I was right. I don’t wanna be right,
but I was right.

More to come…

Regards,

Bill

This article
was originally published by Bonner & Partners. You can learn more
about Bill and Bill Bonner’s Diary right
here
.

Zie ook het vervolg van dit artikel: ‘Bonner: How Paper Money Became the Means for Modern Inflation

===============================

*  In Wikipedia spreekt men bij de eerste oliecrisis in 1973 over ‘een politieke actie van de arabieren gericht tegen het westen’, terwijl de olieprijs in dollars werd en wordt weergegeven, ofwel de arabieren kregen inderdaad veel minder voor hun olie, daar de inflatie destijds zelfs met dubbele cijfers groeide, zie het artikel hierboven….. Wikipedia……

Door de inflatie van de ‘petrodollar’ (ofwel de olieprijs in
dollars), was de prijs van olie op een veel lager niveau gekomen, waarop de
arabieren het westen maar vooral de VS ‘de bel aanbonden’ en begonnen met de vermindering van de olieproductie, zodat de prijs omhoog ging. De olieprijs werd overigens vanaf 1971 in dollars weergegeven. (al werd ook voor die tijd vooral naar de VS gekeken wat betreft de olieprijs, daar het land eerst de grootste olieleverancier was en later tot de grootste olieproducerende landen bleef behoren)

Trumps handelsoorlog en het ontstaan van een corporatieve fascistische staat

Door de economische aanval van Trump op China komt het neofascisme op in de politiek van
de VS, waar noch het congres, noch de rechterlijke macht ook maar
enige interesse tonen om de presidentiële macht in te perken. De
schrijver van het CounterPunch artikel dat hieronder is
opgenomen, Anthony Dimaggio, stelt dat ‘Trumps unieke vorm van
neofascisme eerst naar de voorgrond trad toen Trump de media
onderuithaalde en beschuldigde van verraad…… Ben het wat dat
betreft niet met Dimaggio eens, immers de VS was al onder Obama op
weg om een politiestaat te worden en toonde wat dat betreft al
kenmerken van fascisme, neem alleen al de militarisering van de
politie en de inzet op totale controle van de burgers, iets dat zich
hier overigens ook voltrekt al is het op een wat langzamer
manier…… 

Wat betreft de massamedia in de VS (en elders in het westen) moet ik zeggen dat deze inderdaad onbetrouwbaar zijn, al is het op een andere manier dan Trump bedoelt, neem de berichtgeving voorafgaand en tijdens de illegale oorlogen van de VS tegen Afghanistan, Irak, Libië en Syrië en dan gaat het alleen over deze eeuw….. Toch moet ik toegeven dat veel stemmingmakerij tegen Trump niet echt van een geweldig niveau was, om het maar voorzichtig te stellen….

Uiteraard
zijn de handelsoorlog en de woorden die Trump daarbij gebruikt van een
uitgesproken fascistoïde karakter, zo noemt hij de Chinese leider
Xi Jinping een vijand van de VS….. Eén van de middelen die hij
gebruikt, of beter misbruikt is de International Emergency Economic Powers Act (IEEPA) uit
1977, waarmee men drugssmokkelaars en terroristen te lijf kan gaan en
in uitzonderlijke situaties een misdadig regime kan isoleren, echter
niet om onenigheid over onderlinge handel te beslechten…..

Overigens laten de leugens van Trump over Latijns-Amerikaanse vluchtelingen niets aan de verbeelding over, ronduit fascistische leugens…… Gisteren liet Trump nog weten dat de ‘US Space Force’ de VS het machtigste land in de ruimte moet maken, waar hij zelfs stelde dat de VS zich het recht zal voorbehouden om satellieten van VS onwelgevallige landen te vernietigen….. (BBC World Service radio bracht dit bericht afgelopen nacht)

Trump
doet in feite wat eerder fascistische regimes deden die uit waren op
expansie* en meer macht: landen valselijk beschuldigen
om daarna een poging te doen met behulp van de CIA een gewelddadige opstand op te starten in zo’n land, met de opzet het regime ten val te brengen…… Als dat niet lukt blijft altijd de mogelijkheid over een dergelijk land binnen te vallen en daarmee heeft de VS al een
heel lange ervaring…….. Nu hoeft de VS niet per se een land
binnen te vallen om een VS gezind regime te installeren, zo heeft ook
Trump bedacht: een handelsoorlog en economische oorlogvoering kunnen
al veel in gang zetten (zelfs een roep om regime verandering uit ontevredenheid bij het volk), al lukt dat gelukkig niet altijd, zie
Syrië,Venezuela en Iran. Helaas vallen door deze economische terreur wel veel mensenlevens, zo heeft de economische oorlog tegen Venezuela al aan meer dan 40.000 mensen het leven gekost, mensen die in feite zijn vermoord door de VS……

Dan nog dit: het neoliberalisme dat ook in de EU hoogtij viert, is niets anders dan een vorm van fascisme, dit nog naast het feit dat een aantal EU landen in feite al fascistisch worden geregeerd, neem Hongarije, Polen en Roemenië (gelukkig zijn de fascistische Oostenrijkse en Italiaanse regering gevallen)…….

Dimaggio
heeft verder een uitstekend artikel geschreven over wat ik de
‘fascistische Trump doctrine’ zou willen noemen. Wel verontrustend
als je bedenkt dat de VS afgeladen is met kernwapens, waarover Trump
zich afvroeg waarom ze niet gebruikt worden ‘als we ze toch
hebben……’ 

AUGUST
28, 2019

Trump’s
Trade War and the Emerging Corporatist-Fascist State

by ANTHONY
DIMAGGIO

Drawing
by Nathaniel St. Clair

President
Donald Trump’s fit over China speaks to the rise of neofascism in
American politics, at a time when neither Congress nor the courts are
showing any interest in rolling back presidential power. Trump’s
unique brand of neofascism first emerged in the form of his attempt
to crack down on journalistic critics for “
treason,”
and via the onset of his white ethno-nationalist, which
he 
declared via
a “state of emergency” that allowed him to criminalize immigrants
in “concentration camp”-style detainment settings, and to
confiscate taxpayer funds to build a wall with Mexico that was never
authorized by Congress. This nascent fascism is quickly morphing into
full-blown fascism, via Trump’s efforts to dictate the rules of
investment to U.S. corporations, and in relation to his emerging
trade war with China.

In
late August, Trump 
announced he
would intensify the trade war against China, with the imposition of
an additional 5 percent duty on $250 billion in Chinese goods,
reaching a 30 percent tax by October 1st, coupled with a 15 percent
tax – over his previous 10 percent planned rate – on another $300
billion of imports, to take effect on September 1st. The major
controversy is not Trump’s saber rattling with China, but his
attempt to unilaterally require that American corporations no longer
do business in China. As Trump 
announcedon
Twitter, “Our great American companies are hereby ordered to
immediately start looking for an alternative to China, including
bringing our companies HOME and making your products in the USA.”
This “order” was political in motivation, in line with Trump’s
“America First” agenda, and as reflected in his 
announcement that
“We don’t need China and, frankly, would be far better off
without them.”

For
those who would defend the neofascist in chief for making merely
“tongue and cheek” comments by “ordering” U.S. corporations
around, the president was having none of it. He 
elaborated via
Twitter that his mandate to American corporations was permissible
under the International Emergency Economic Powers Act (IEEPA) of 1977, a law
the 
New
York Times
 reports “has
been used mainly to target terrorists” and “drug traffickers,”
and “originally meant to enable a president to isolate criminal
regimes, not sever economic ties with a major trading partner over a
tariff dispute.” In a sign of just how much further Trump has come
from the authoritarian politics of the Bush-“war on terror”
years, George W. Bush’s former international economic
advisor 
warned that
“Any invocation of the International Emergency Economic Powers Act
in these circumstances and for these purposes would be an abuse…
The act is intended to address extraordinary national security
threats and true national emergencies, not fits of presidential
pique.” But Trump was not deterred. In relation to his “emergency”
powers, he 
claimed:
“For all the Fake News Reporters that don’t have a clue as to
what the law is relative to Presidential powers, China, etc, try
looking at the Emergency Economic Powers Act of 1977. Case closed!”

It
should be no surprise that Trump sees this as a “case closed”
issue of presidential authority, considering his longstanding
contempt for the rule of law, and his routine dismissal of the courts
and Congress, both of which he has shown little interest in
consulting with regard to his presidential acts and orders. This
president believes in ruling by decree, and he isn’t going to let
inconvenient obstacles like Constitutionalism and judicial or
Congressional oversight get in his way.

A
closer look at the 1977 law that Trump cites reveals that it does, in
fact, grant presidents the power to regulate foreign commerce in
times of emergency. But the law is not what the president claims it
to be. It 
allows the
executive to “prohibit” the “importation or exportation” of
goods and “any transactions in foreign exchange” “in which any
foreign country or national thereof has any interest,” during
periods of “unusual and extraordinary threat,” as related to
national security and the economy.


The
key point of emphasis here is that this power exists during periods
of “unusual and extraordinary threat,” which would not under any
rational interpretation include simple trade disputes between
competing heads of state. Nor would it include trade disputes
occurring under an economy which Trump himself 
heralded last
week as “strong and good,” and 
commentedwithin
the last month that it is the “best it has ever been.”

Trump
would have his cake and eat it too, speaking out of both sides of his
mouth by declaring a national economic emergency on the one hand,
while celebrating the nation’s economic vitality and growth on the
other. But make no mistake: he realizes there is a very real danger
of an emerging recession as a result of his escalating trade war with
China. The problem is that he is too arrogant and vain to ever admit
that rising economic instability is a result of his own actions, and
to reverse course to avoid a possible recession.

In
his growing desperation and in response to a self-imposed “crisis,”
Trump has taken to demonizing domestic political figures. Consider,
for example, his
 attack the
head of the Federal Reserve (FED), Jay Powell, after he refused to
immediately lower interest rates to pull the economy back from
further volatility, following numerous hits to the stock market due
to the onset of Trump’s trade war. Trump hyper-ventilated on
Twitter, 
asking:
“who is our bigger enemy, Jay Powell or Chairman Xi?” following
Powell’s announcement that the Federal Reserve was limited in its
powers to stimulate the economy due to the uncertainty and volatility
imposed by Trump’s trade war.

The
risk of a declining economy to Trump’s political future shouldn’t
be dismissed. A president with a 40 percent approval rating cannot
afford to lose much by way of public support if he hopes to be
re-elected in 2020. And a full-blown economic recession will almost
certainly mean a significant decline in Trump’s already tenuous job
approval, likely putting him out of reach of a second term if
economic conditions continue to deteriorate in late 2019 and 2020.
Despite Trump’s bloviating about enemies at home and abroad, the
ultimate irony in this case is that he is his own worst enemy, and an
emerging recession, if it does come, will be of his own making.

Recent
political events do suggest that the United States is entering a
state of emergency, although it is not one that’s driven by an
economic downturn. Rather, the cancer that afflicts the nation is
neofascism. By neofascism, I am referring specifically to a system of
politics that is marked by extreme nationalism, racism and
xenophobia, authoritarian contempt for the rule of law, and most
recently, to active government efforts to impose new “rules of the
game” on the capitalist economy, contrary to “free market”
neoliberal principles. This final aspect of fascism – call it
corporatist fascism, was popularized in Nazi Germany under the Third
Reich, and places government at the helm in terms of making major
investment decisions for private corporations.

U.S.
capitalism has long been marked by an authoritarian organizational
structure, via corporate hierarchies that exercise power at the
expense of working Americans having a say in the workplace, while
deterring unionism and democracy in the workplace. But corporatist
neofascism, of the variety that Trump seeks to introduce, goes beyond
anything we have seen in modern history. Government has historically
been the junior partner in reinforcing the plutocratic power of the
business class over politics. It is not, under “free market”
capitalism, a legitimate guiding force when it comes to dictating the
terms of investment to business and the private sector.

Most
Americans are reluctant to apply the term “fascism” to Trump’s
politics because of longstanding 
aversion to
the notion that the U.S. could ever become a fascist nation.

The
“It Can’t Happen Here” ethos was well understood more than 80
years ago by novelist Sinclair Lewis, meaning that Americans have
historically been blind to the neofascistic elements of politics
unfolding before their very eyes. But ultimately, the
“fascism-not-fascism” dichotomy is extremely problematic,
dangerous, and self-defeating for those who still value principles of
democracy and limited government. If Americans wait to discuss the
“is it fascism?” question until after a neofascist state has been
fully institutionalized, that debate will be merely academic, and
utterly meaningless. The time to discuss a fascist threat is as it is
emerging, not
afterit
has been implemented.

Time
is growing short for those who would reel in Trump’s runaway
neofascistic policies, and in terms of reestablishing the rule of
law. Congress has it within its authority to countermand Trump’s
efforts to impose corporatist-neofascism on the U.S. economy. The
very emergency law that Trump cites states that “the president, in
every possible instance, shall consult with the Congress before
exercising any of the authorities granted” in the emergency law,
and that he must “consult regularly with the Congress so long as
such authorities are exercised.” He must provide regular updates to
the legislative branch on how such emergency powers are being used.
Which means that Congress is at liberty to reverse the “state of
emergency” Trump has declared by determining that he has abused his
political powers by pursuing an authoritarian, self-aggrandizing
policy that grants the president unprecedented authority to impose a
corporatist-neofascist regime.

Congress
should immediately begin impeachment proceedings, under the grounds
that Trump is unfit to be commander in chief, following his
recent 
claim that
he is God’s “chosen one” with regard to dictating trade policy,
and his efforts to claim dictatorial emergency powers in relation to
managing his trade war with China. Since, Trump’s neofascist
politics have received little pushback thus far, there is growing
concern that his recent trade actions will only further empower the
president moving forward. There is little standing in this
president’s way, short of legislative or judicial action, as he
seeks to destroy what remains of the “checks and balances” system
under the U.S. Constitution. Short of impeachment or a national
strike and mass protests across the country, Trump’s neofascist
politics are likely to intensify in the future.

Join
the debate on Facebook

More
articles by: 
ANTHONY
DIMAGGIO

Anthony
DiMaggio
 is
an Assistant Professor of Political Science at Lehigh University. He
holds a PhD in political communication, and is the author of the
newly released: 
The
Politics of Persuasion: Economic Policy and Media Bias in the Modern
Era
 (Paperback,
2018), and 
Selling
War, Selling Hope: Presidential Rhetoric, the News Media
,
and U.S. Foreign Policy After 9/11 (Paperback: 2016). He can be
reached at: anthonydimaggio612@gmail.com

======================================

* Over
expansie gesproken: het psychopathische beest Trump bood Denemarken
onlangs aan om Groenland te kopen, te belachelijk voor woorden, echter deze mafkloot was zo pissig over de afwijzing door Denemarken, dat hij een gepland bezoek heeft afgezegd……..