Disclaimer: I don't subscribe to McAlvany Financial's advocacy of gold and their tendency to conflate (all forms of) government debt with household debt. Having said that this shop has interesting guests and William White --currently at the BIS and formerly at the BOC and BOE-- is one worth listening to.
Thursday, February 20, 2014
Sunday, February 9, 2014
55.6% of Energy Produced is Rejected
Because it is thermal energy that cannot be readily utilized yet the reality that the energy needs of the global populace are increasing is lost on those who cannot grasp the laws of thermodynamics and the systems dynamics of climate modelling.
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