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A fork in the road…At this moment in history, as AI takes off, France has a couple of gigawatts of reliable baseload power to spare. It has a vision of being one of the global Big Three industrial hubs of AI development along with China and the USA. The French Energy giant EDF is offering land near the power plants to build big new AI datacenters, and is already signing those deals. With AI on the cusp of self-directed robots to transform manufacturing, transportation, medicine, research, and farming, it could be remaking whole economies soon. Ten or twenty years ago, Australia could have joined this party. We could have expanded our economy vastly, putting us at the front of the new technology. Instead we wrecked the grid, blew up the coal plants, and ran out of gas. All so we “wouldn’t be left behind” or called mean names by someone at the UN. France tempts AI firms with its nuclear electricityWorld Nuclear News UK-based AI cloud provider Fluidstack has signed a memorandum of understanding with the French government to construct one of the world’s largest decarbonised AI supercomputers in France. Meanwhile, utility EDF has identified four sites on its own land that it will offer for data centres. AI firms with its nuclear electricity. It added: “Fluidstack and the French government recognise that AI’s future hinges on three core pillars: energy, compute power, and AI models. By leveraging France’s nuclear assets, the advanced grid infrastructure enabled by [grid operator] RTE, leading AI talent, and cutting-edge compute technologies, this partnership will establish France amongst the world’s top three AI hubs alongside the United States and China.” Nobody tempts anyone with solar panels, voltage surges, price rises and unreliable power. Fifty years ago France built 56 nuclear plants in just 15 years, and they’re still reaping rewards and opportunities from them.
By Jo Nova If it was the end of a Big Green Bubble, it would look a lot like this…Australia is still launching itself to Net Zero Land at the top of the Magic Faraway Tree. There was no election in Australia, and no change to the green policies. Yet, a month after the US banks quietly peeled themselves away from the Globalist Banker Blob, the first Australian bank starts backing away slowly too. They don’t explain why in any convincing fashion. Have they just lost the faith that renewables are going to work, or is this just the end of the subsidy train with the collapse of the USAID grift and graft? Banks must hold firm on net zeroKyle Robertson, Senior banking analyst, Australian Financial Review This decision by Macquarie makes little sense, prioritising political expediency and short-term financial interests over the longer-term viability of its business and the economy. Macquarie Bank has sent shockwaves around the world by quietly announcing it has quit the Net Zero Banking Alliance (NZBA) this week, taking the dubious honour of being the first major Australian financial institution to pull out of a global climate initiative. The senior banking analyst is baffled after Macquarie spent years pumping up renewables: It is hard to understand this sudden backslide after Macquarie spent years building up its reputation as a green bank. Macquarie chief executive Shemara Wikramanayake has been a feature of global climate conferences for years, promoting the need for large-scale public and private sector investment into renewable energy and climate adaptation initiatives. The CEO was even recognized as “Time’s 100 Most Influential Climate Leaders in Business for 2023” ferrgoodnesssake! Yet look at the power of bully bankers…Robertson speaks in approving tones about the Australian bankers that are hobbling law abiding companies from providing a service consenting adults want to pay for. ANZ and Westpac are still using corporate finance and bonds to finance companies expanding oil and gas. In contrast, the country’s largest bank, Commonwealth Bank, has ended finance for oil and gas producers without a credible Paris-aligned transition plan. At its 2024 AGM, NAB chairman Philip Chronican indicated that by October this year, the bank would end finance for companies pursuing oil and gas field expansion. Who voted for the bankers to set Australian energy policy anyway?If fossil fuels are so awful Robertson (or the bankers) could always try persuading people not to use them. Until then Australians allow the bankers to hold banking licences and make squillions of dollars in profits. But in a free market, a new banker could turn up and offer loans to all the unfashionable fossil fuel companies that the precious banker club eschew. Instead, citizens pay for regulatory watchdogs and police that protect these smug banker bullies against newcomers and competition. Shh — it’s just a moment of backslidingThe announcement was made in muted tones, probably printed in grey ink, and filled with soothing words about how boring and normal it was to adjust the settings. Since Macquarie is still a significant investor in renewables projects — it probably doesn’t want to crash renewable share prices, and the CEO and the board don’t want to actually rub salt into the wounds of Labor Party policies either. So unlike the fanfare when the bankers united, the dissolution of the same banker club will be dressed up to look as boring as possible. Does anyone believe this rot? Net Zero is all sorted now so they can step back “like many others” have? “The NZBA helped develop global frameworks and assisted member banks as they established their initial decarbonisation plans. With those building blocks now in place, like many peers Macquarie will no longer be a member of NZBA, as we focus on updating and delivering our plans and reporting in line with regulatory requirements,” Macquarie said in a statement. — The Australian Only the occasional “shock” from a die hard believer bank analyst gives away what a radical change in direction this is. Macquarie said it would provide a further update on its net zero ambitions in May (probably right after the election). PS: Yet again we see how The US Government de facto sets the policies of so many other nations all around the world. UPDATE: Commenter Serge Wright #9 — Nuclear power in Australia will hurt renewablesTheir move is all about monetary sustainability and it’s probably partly due to Dutton’s nuclear plan, which will have a big impact on the viability of RE [Renewable Energy] projects. If a nuclear plant goes into service it would be classed as clean energy and it would therefore be able to bid 24/7, forcing wind and solar to dump more excess energy at midday and also reducing the huge price spikes at peak periods that RE relies on to make profits. Just this policy being on the table is enough to scare away RE investment and it’s probably no coincidence that all of the offshore wind and green hydrogen projects have evaporated since the nuclear plan was put forward. The decision by Macquarie is interesting because it’s happened before the election which is probably our most significant from a RE and CC perspective. A Dutton win would obviously be bad for RE, but a minority Labor win would be a disaster in the opposite direction with the Greens and Teals possibly legislating complete bans on all FF projects and energy sources. In the latter scenario there would be a huge short term influx of borrowed taxpayer money being pumped into the RE industry but followed by a collapse in the economy as the energy system and energy exports collapsed. I would expect the banks to pull out of the Net Zero alliance only after a Dutton win because there is some short term opportunity here in a minority Labor government. But perhaps Macquarie has realised that with Trump in office, Net Zero is dead anyway and a Dutton win would open up more FF export and gas projects as well as funding for the nuclear plants if they get legs. The Trump win makes a conservative win (and nuclear power) more likely to happen in the next Australian election (due before the end of May).
February 13th, 2025 | Tags: Bankers, GFANZ | Category: Big-Government, Global Warming |  Print This Post | | By Jo Nova Earth faces a mass extinction, 99.9% of ScientistsTM agree, yet 90% of all nations plumb forgot to update their targets. (90%!) According to the UN, these “are the most important policy documents of this century”.Almost all nations miss UN deadline for new climate targetsAFP Only one country on Earth has a reasonable target to keep planetary temperatures to 1.5C Nearly all nations missed a UN deadline Monday to submit new targets for slashing carbon emissions, including major economies under pressure to show leadership following the US retreat on climate change. Just 10 of nearly 200 countries required under the Paris Agreement to deliver fresh climate plans by February 10 did so on time, according to a UN database tracking the submissions. Only one nation has a plan to keep temperatures to 1.5 degrees above whatever they were 150 years ago, when the weather was supposedly perfect. (That’s the UK — commiserations to the Brits). Almost all the biggies missed — China, India and even the EU missed the deadline. The US was one of the only big nations that got in early, ….but then Trump axed the Paris deal. Australia didn’t update its target because an election is coming, obviously, and they don’t want to scare the voters. The same is true for the EU, and they even admitted as much. Elections are such a nuisance: The EU, historically a leader on climate policy, has been delayed by elections and internal processes and is bracing for fresh polls in Germany and Poland. Remember, voters want climate action all over the world — they just don’t want to be told about it before they vote.
By Jo Nova Are we tired of winning yet? Not a bit… Just like that, Donald Trump gutted the UN Green Climate Fund. Among all the blockbuster scandals this last week, hardly anyone even registered that it happened. Politico, the government funded fake news organization, mentioned it on Feb 5th, and its barely made a ripple. There’s been no parade of extinctionists dressed as red witches, and no one has glued themselves to a freeway. The mainstream media have barely mentioned it. It’s almost like they don’t want to say it, in case other countries think — “great idea“. Instead of outrage — “think of the children” — The State Department said “no comment” and so did the UN. The Green Climate Fund is the world’s largest unguarded bucket of money labeled “climate change”. It was founded in 2010 and so far has squandered $16 billion on renewables and adaption projects in developing countries without spending 10 cents checking the evidence and assumptions. Trump rescinds $4B in US pledges for UN climate fundKarl Matheisen, Politico The U.S. had committed the most money to the global fund, which helps over 100 countries grapple with the changing world. “The government of the United States rescinds any outstanding pledges to the Green Climate Fund,” U.S. Secretary of State Marco Rubio wrote to U.N. Secretary-General António Guterres in a note dated Jan. 27, parts of which were seen by POLITICO. The climate fund confirmed the decision. The U.S. withdrawal follows President Donald Trump’s order revoking and rescinding the country’s federal climate finance program, signed on his first day in office. Four billion may not sound like much in the scheme of things — especially when USAID is tossing around ten times as much, but it goes a long way among scientists, student activists and the rent-a-crowd protestors. It buys a lot of press releases, and it adds a large layer of dedicated cheerleaders for a “climate crisis” all around the world. In terms of performance art, it’s a lot of money. The wild thing at the moment though, is all that money supposedly just vanished and hardly anyone is saying a thing. There don’t seem to be many abandoned beneficiaries screaming for help, wondering if storms will be worse next year. It’s almost like we are not supposed to notice. The UNFCCC Green Climate Fund page on the UN site is so low key it barely exists. The latest report is 178 pages of blah. Does anyone, anywhere read it? This was a fund that was originally supposed to be $100 billion dollars, yet somehow the logo looks like it was done by a high schooler. It’s like this money is hidden behind a wall of boring.
February 11th, 2025 | Tags: Climate Money, Corruption, US Politics | Category: Big-Government, Global Warming, Politics | Print This Post | | It’s an avalanche. Twenty stories today could have been a Front Page HeadlineThe newest addition to the grift, graft and fraud list are terrorist organisations. — USAID sent $310 million US dollars to Hamas to build a cement factory in Gaza which would have helped make the tunnels of terror. Senator John Kennedy said Mr Musk discovered the American taxpayer was also giving money to Yemen, Afghanistan, Syria, and even $10 million to an al-Qaeda-linked terrorist group called the Nusra Front. So far, Musk and co, with his team of hot young tech-coders, have found that USAID spent $164 million to support radical organizations around the world. In other inexplicable calls, the US government gave nearly $8 million to help teach Sri Lankan journalists how to avoid binary gendered language. A lot of Americans worked hard all year to pay their tax bill to cover that. Why? But where are all the pleas from foreign leaders to save USAID?Question of the week on the suspension of USAID comes from Mike Benz:
What’s the grift to charity ratio?Forty or fifty billion dollars is a lot of money to spend to NOT create a photogenic fan club and an instant response team to protest the sudden end of the funding. Even if 10% of USAID was spent on things like feeling starving babies in Malawi, that’s still $4 or $5 billion worth of skinny-baby photo-ops and impassioned pleas from desperate leaders. The BBC has found an AIDS patient in Ukraine and 1,077 students in Egypt. But where are the national leaders and surely, hundreds of thousands, or millions of beneficiaries? Were the recipients of USAID all dodgy dealers or terrorists who don’t want to embarrass their donors? Are they Prime Ministers and Presidents who don’t want to admit they needed USAID help to “win” their jobs? Are the governments of recipient-countries silent because the money was being used to control them or foment dissent against them, and they are happy it’s over? Any way we look at this is not good. Then we find out USAID spent $268 million on the worlds independent media which presumably makes them dependent mediaWithout USAID money, journalism as we know it, might not exist. The global US media octopus has 6,000 arms. US Taxpayers were spending money 6,200 journalists and 707 news outlets, and nearly 280 organizations to “strengthen” independent media, whatever that means. And this information was out there, but no one went looking. And that is an annual budget. Wow. USA: Trump’s foreign aid freeze throws journalism around the world into chaosUSAID programs support independent media in more than 30 countries, but it is difficult to assess the full extent of the harm done to the global media. Many organizations are hesitant to draw attention for fear of risking long-term funding or coming under political attacks. According to a USAID fact sheet which has since been taken offline, in 2023, the agency funded training and support for 6,200 journalists, assisted 707 non-state news outlets, and supported 279 media-sector civil society organizations dedicated to strengthening independent media. The 2025 foreign aid budget included $268,376,000 allocated by Congress to support “independent media and the free flow of information.” In Ukraine, where 9 out of 10* outlets rely on subsidies and USAID is the primary donor… Blaim Game captures this moment:
But US funding of terrorists and extremists will be hard for the Blob to explain:
In other big news… Donald Trump is bringing back plastic straws~! We’re in a culture war, and Trump is winning.
And of course, in Australia, under the cover of these fireworks, our Uniparty politicians have brought in radical HateSpeech laws after 30 microseconds of discussion and no consultation. That’s a 7 year jail sentence for reckless speech. By golly, that was oddly efficient. Almost like a well funded global shadow government blob called in its last favors to shut down any hints of the Trump-Musk-MAGA contagion arising here in an election year? More on Australian hatespeech laws soon. The Senators who voted NO were Rennick, Babet, Antic, and Payman, Tyrell and Pocock. Right about now, we need Donald Trump to say nations that don’t allow free speech can’t be trusted with our nuclear subs or something like that…
February 8th, 2025 | Tags: Benz (Mike), Corruption (Media), DOGE, Free Speech, USAID | Category: Big-Government, Free Speech | Print This Post | |
By Jo Nova Another day, another racketAs Elon excavates the Motherlode of global funding, the pieces start to fit together. Kanekoa the Great wonders why USAID gave $68 million dollars to the World Economic Forum — a group of networking billionaires who meet in January each year to ski in Davos. They turn up in private jets to discuss how they can stop the average man flying. You ‘vill own nothing! Jo Nova wonders why no media outlet on Earth seemingly figured this out for themselves. Perhaps it was the millions in funding the government paid some media outlets, presumably, to say nothing at all the right moments?
It’s almost like we already had One World Government all along, we just didn’t know it. As Mike Benz said we’ve lived our whole life in “the Truman show”. We think we have free press. We think US foreign aid buys tents for refugees and food for starving children. Then we find out the “aid money” was paid to media hacks, academics and billionaires. And we see pictures like these:
USAID also help fund the Soros prosecutors. (So sweet of them to help fund a billionaires dream, not to mention helping homeless guys with rocket-launchers.) If Trump and Musk manage to turn off the funding spigot from the US, it will be felt around the world. A huge burden will be lifted. NGO’s spared no excess, –Ruairi ht David and Fuel Filter.
February 7th, 2025 | Tags: Benz (Mike), Corruption, DOGE, Trump (Donald), USAID, WEF (World Economic Forum) | Category: Big-Government, Corruption, Lies-by-Omission, USA | Print This Post | |
It turns out the Non-Government Organizations were really The GovernmentThe word for that is GONGO — a government organised non-government organization — at once, an impossible thing and also a tautology. Hands up who is still reeling with the news that USAID had 50 thousand million dollars of political and media influence? The annual budget of $50 billion dollars in the hands of unaccountable activist NGOs buys a lot of “journalists”, editors and teenage protestors. Suddenly a lot of odd repeated patterns around the world make more sense. Why were all governments suddenly worried about disinformation, or the rights of transexuals? Today we found out that news outlets like Politico, and the New York Times were being given millions of dollars from the US government. This is the biggest scandal in news media history: No employee at Politico got paid yesterday. First time ever the company missed a pay period. This is a crisis. Now we learn Politico — a “news company” — which spent the last 10 years trying to destroy the MAGA Movement was being massively funded by USAID. It seems some $27 million dollars went to Politico during the Biden years — and that’s just the subscriptions (not the USAID). Truly, Politico charges as much as $10,000 for a single “Politico Pro” subscription — and so the taxpayers fork out big bucks to pay for politicians “work expenses”, and the money ends up covering the salaries of journalists who are working hard to deceive the hapless taxpayers. As ZeroHedge reminds us, Politico went in hard in the 2020 election to cover for the Hunter Biden laptop from hell. They also point out that the Blob has many other ways to keep newspapers toeing the line… It’s not just the subscriptions: there are huge “ad contracts”, dinner parties DC throws itself under the guise of “media conferences”, sponsorships, etc all paid for by taxpayers. Once done with Politico look at its spawn Axios, founded by Politico veterans
The Soviet quote fits disturbingly well. February 6th, 2025 | Tags: Benz (Mike), Corruption, Corruption (Media), DOGE, GONGO, US Politics, USAID | Category: Big-Government, Corruption, Lies-by-Omission, USA | Print This Post | |  … By Jo Nova On closing it down Musk said: “USAID is a criminal organisation. Time for it to die.””On Friday last week, Elon Musk and DOGE wanted access to agency systems of the giant USAID. When senior officials refused, by Saturday they were put on leave. “Spent the weekend feeding USAID into the wood chipper,” Musk boasted on X.“It became apparent that it’s not an apple with a worm it in,” Musk said in a live session on X Spaces early Monday. “What we have is just a ball of worms. You’ve got to basically get rid of the whole thing. It’s beyond repair.” — AP News Elon Musk and DOGE closed the doors, and sent the head honcho’s packing. One officeworker said staff rushed to take down things like Pride Flags and incriminating books (whatever that means), and now they have lost access to their computers, and the site is down. As Donald Trump and Elon Musk cut back rogue government agencies, USAID looks more and more like a giant money laundering racket. It has (or had) 10,000 employees and a budget of $50 billion dollars. It’s presented as a humanitarian aid group, but the AID in US-AID means the US Agency for International Development which turns out to mean anything and everything. The humanitarian projects include giving $53 million dollars to the starving EcoHealth Alliance which used that to pay for bioweapon research in Wuhan, China, helping to create Covid-19. USAID also funded the production of heroin in Afghanistan. The WhiteHouse revealed that USAID also funded DEI projects in Serbia, and DEI musicals in Ireland. They spent US Taxpayer money on transgender operas in Colombia and a trans comic book in Peru. As Mike Benz describes it, USAID was the Ultimate Nerve Center Of A Rogue Foreign Policy Establishment
Mike Benz, former State Department Cyber expert, has studied USAID closely and says: “USAID grantee NGOs literally take their USAID money then turn around and lobby all key members of Congress to give more and more US taxpayer money to USAID each year in the budget. USAID buys an army of lobbyists with your tax dollars to give it more of your money.“ He also wonders why USAID gave $27 million to the US fiscal sponsor of the group controlling Soros-funded prosecutors and telling them which American citizens and politicians to prosecute? Indeed, somehow USAID is also one of the “BBC Media Actions” top ten donors? Go figure? It’s just the US of A helping out third world countries like the UK, right? As Mike Benz said: the “BBC was in direct cahoots with USAID leadership on Internet censorship efforts to crush BBC’s online populist news competitors since 2017. I went over 9 hours of receipts on this in a 3-part private livestream lecture for my X subscribers”. The BBC part of The Blob takes Blob money to lobby to cripple the media outside The Blob’s control. The words “Self Serving” come to mind. Ron Paul agrees — USAID is a key component of US Regime change, meddling in foreign affairs. The news from Ukraine is essentially being controlled by USAID. Ukrainian media is Blob media. How sweet — USAID provides bioweapons to poor nations that can’t afford their own
Mike Benz — “The Blob uses AID workers to get s*** done”Benz considers USAID as the core tool the Deep State use to make things happen. He argues that the State Department can’t get directly involved in other nations politics — not in underhanded ways, and nor can the CIA openly do that, but correctly funded aid-workers can. He doesn’t think the funding of DEI and Pride marches is necessarily just crazy lefty religious zeal, it’s a strategy he calls “tactical wokeness in service of statecraft.”. The idea, he argues, is that to topple governments — like say, Bangladesh or Cuba — a bit of tactical wokeness would inflame and divide populations who then rise up and protest and unsettle the elected governments that the CIA don’t like. The DEI Wokeness programs are designed to incite street riots and sometimes “color revolutions”. He gives one example where, the International Republican Institute (IRI)* funded dance festivals and woke identity events in Bangladesh, and minority rappers that culminated in throngs of street protests that forced the democratically elected leader to leave the country in a helicopter, as a Clinton Global Initiative fellow was installed as the new President, and they cancelled the elections. The push to censor:The US State department created the CIA to do the dirty jobs that it wanted to do. Then in the 1970s the CIA got caught, so they captured the USAID program, and according to Mike Benz, used the “aid” program to get inside the doors and mess with politics at arms length, in a dirty way. Now that they are being caught again, it’s no accident they’ve become the leading sponsor of censorship programs all over the world so that their dirty work isn’t discussed and unraveled in public. More on that soon… The Background on the Deep State: Dont miss the first post on how the US intelligence agencies started rigging elections in 1948, and Mike Benz’s “History of the Intelligence State” see it here. It is essential background to understanding how the Blob grew out of good intentions after WWII and metastasized into a global monster. It is how The Spy agency became the Lie Agency. __________ * is the Republican arm of the NED (National Endowment for Democracy.).
February 5th, 2025 | Tags: Benz (Mike), Big-Government, CIA, Corruption, DOGE, NGO, Trump (Donald), US Politics, USAID | Category: Big-Government | Print This Post | | |
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