30 responses | 0 likes
Started by 12345 - March 10, 2023, 12:34 p.m.
By MarkB - March 11, 2023, 10:50 p.m.
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There might be some adversity in other banks. But not on the level of 2008. Sounds like this was mostly "in house".

However, I did find the reference to the 2008 "crisis" rather lacking in explanation. "In 2007, the biggest financial crisis since the Great Depression rippled across the globe after mortgage-backed securities tied to ill-advised housing loans collapsed in value." Wonder why? <snicker> Either you know, or you don't.

By cutworm - March 12, 2023, 1:45 p.m.
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Biden Admin Makes Major Announcement After Silicon Valley Bank Collapse

By Jack Phillips

March 12, 2023Updated: March 12, 2023

“Well let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we’re certainly not looking” to bail out SVB, Yellen said Sunday in response to a question about a possible bailout of the bank. “And the reforms that have been put in place means that we’re not going to do that again,” she added. “But we are concerned about depositors and are focused on trying to meet their needs.”

Later in the CBS interview, Yellen noted that rising interest rates—hiked by the Federal Reserve in what its board members say is a bid to combat decades-high inflation—is the core problem for Silicon Valley Bank. Assets such as mortgage-backed securities and bonds lost their market value as interest rates climbed, she noted.

On Saturday, more than 3,000 CEOs and company founders representing some 220,000 workers signed a petition to appeal to Yellen and other officials to backstop SVB’s depositors. They warned that more than 100,000 jobs could be cut if no action is taken.

My take: so she says the fed caused the collapse by raising rates is the main problem.  100,000 jobs could be cut. And it looks like she's telling them to pound salt. This will not end well. JMHO

By metmike - March 12, 2023, 1:59 p.m.
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Better to spend that money forgiving student loans for people that acquired debt based on their personal decisions than to save jobs of people that will be lost because of governments bad policies.

Student loan forgiveness generates more democratic votes from young people.

or even better, spend it on fake green energy schemes that will destroy our efficient energy delivery system, ruin the economy and wreck the planet.

best of all, spend it to sustain a stupid war to kill hundreds of thousands and decimate Ukraine to accomplish nothing ……then spend several times that to rebuilt the Ukraine that we caused to be destroyed.

like paying people to dig holes, then paying them to fill the holes up…….but leaving hundreds of thousands dead, a country decimated,  US citizens unemployed and tax payers being the ones paying for it all…..and at the same time, wrecking the planet to supposedly save it.

the US has the means to do extremely well but retarded, corrupt decisions at the top are sabotaging us.

However, this particular bank was heavy into green energy schemes and actually deserves to go broke for perpetrating the fake climate crisis on investors. 

By metmike - March 12, 2023, 10:49 p.m.
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Turns out that the fake climate crisis schemes are what played a big role in bankrupting this big piece of crap entity, financing the hijacking of climate science, destroying our energy system and ripping off Americans for crony capitalism. 

Silicon Valley Bank Collapse Threatens Climate Start-Ups

The bank had relationships with more than 1,500 companies working on technologies aimed at curbing global warming.



 The death of Silicon Valley Bank is bad news for climate change  1,500+ climate and energy-tech companies relied on the bank

The bank published influential annual reports on the climate-tech sector, and it sponsored events for climate VCs and startups It also provided more than half a billion dollars in revolving credit to Sunrun, the country's largest residential solar company

Biden vows to hold those responsible for Silicon Valley Bank failure ‘fully accountable’


Wow! President Biden and his no more fossil fuels, green energy agenda/fake climate crisis/fake inflation reduction act is likely responsible for at least part to most of  this!!!! 

These start up fake climate crisis companies were being hit by the real world UNDER performing the promises/expectation of the fake, theoretical world on paper which caused their venture capital to start drying up at the same time from the record developments of entities all trying to capitalize on the fake climate crisis crony capitalism at the same time but coming late to the party.

This caused the need for many of them to greatly draw down funds held at SVB because of the drains and losses from the under performing fake climate crisis tech investments/companies. It quickly drained SVB of all its liquidity in an incredibly fast period because there were a massive 1,500 of just fake climate crisis/global warming investments at the same place.  

As I've been saying for numerous months now, the fake green energy schemes are falling apart because they are all vastly under performing in the real world compared to the fairy tale physics, energy and economics they all promised. 

Look what happened to electric car investments/Tesla when the actual NOT viable technology of electric cars to replace fossil fuels became obvious to the market and investors.

This crony capitalism needs to die off ASAP before it hurts our energy sector and economy even more.

The biggest supporter that caused this?

The Biden administration and "no more fossil fuels" false narratives. 

Most of these 1,500 climate start up company's were relying on the government to subsidize them and provide massive tax breaks and free money. 

They were always destined to fail. The thing that makes most of these companies viable/competitive is free money and favorable treatment from the government.

This bank clearly had a relationship with these junk science companies that were operating on a crony capitalism premise to milk the fake climate crisis for all they can get.

How do I know that?

Because we're having a climate OPTIMUM!!!

CO2 is a beneficial gas and the slight warming has been beneficial to most life, including humans.

Any company in business to make money supposedly to help stop something that's beneficial to life on this planet is already going to be fraudulent. 

Wind turbines, for instance are wrecking the planet/hurting wildlife, to obtain diffuse, intermittent  energy so that crony capitalists can exploit the fake climate crisis for personal gains.

Outside of the dishonest, politically motivated government, this bank appears to be the biggest financing entity helping the explosive growth of fake climate crisis, crony capitalism!

Let em die and let it be a lesson about how wind, solar and battery technology (that still doesn't exist to store it on a grid/large scale) that would cost over $420 trillion to replace fossil fuels(20 times the GDP) with economy suppressing crap energy CAN NEVER WORK AS THEY PROMISED.  NEVER!!

Calculating The Full Costs Of Electrifying Everything Using Only Wind, Solar And Batteries

"Gregory provides a tentative number for the additional storage costs that could be necessary for full electrification of the United States system, with all current fossil fuel generation replaced by wind and solar.  That number is $433 trillion.  Since the current U.S. annual GDP is about $21 trillion, you will recognize that the $433 trillion represents more than 20 times full U.S. annual GDP.  In the post I will give some reasons why Gregory may even be underestimating what the cost would ultimately prove to be."


They are just looking to exploit the hell out of Americans and the system, using our ignorance on climate and energy and the government willing to throw money at fake climate crisis projects/entities.

Almost everything below is total bs.

Biden's policies gave these start up climate change companies the incentive and need to be financed and obviously, this bank was there to do it. 

The Inflation Reduction Act is the biggest climate bill in U.S. history

How will carbon pricing impact inflation?

The Inflation Reduction Act and Climate Change

Environmental justice concerns about the Inflation Reduction Act


This is the truth based on authentic science, empirical data and the real world!

By metmike - March 13, 2023, 2:55 a.m.
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Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy


Could it be the far left, fake climate crisis investments they were heavily invested in that are miserably failing had something to do with it, Bernie?

Bernie Sanders: ‘Major Cities Going Under Water’ in ‘8 or 9 Years’ Due to Climate Change


Bernie wouldn't happen to be a little bit biased for investing in scientific hoaxes, then blaming somebody else when the most absurd ones collapse first,  would he?

Hypocrisy of Bernie

Bernie is a millionaire who owns three houses. Why doesn’t Bernie share his homes with multiple families? Why doesn’t Bernie share the wealth or pay more taxes than what is due?

Bernie bellyaches about climate change being the single greatest threat facing our planet, yet Bernie flies around on private jets a lot. How much of a carbon footprint do Bernie’s three homes add?

Bernie advocates for a higher minimum wage, yet Bernie doesn’t pay higher wages to his campaign staff. Why isn’t Bernie sharing his millions with his socialist brethren?

Bernie lists women’s rights as a priority yet he never addressed the sexual harassment of women who worked for his campaign.

By metmike - March 13, 2023, 3:13 a.m.
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By metmike - March 13, 2023, 3:26 a.m.
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The Economic Case for Net Zero Is Zero

By Gordon Tomb


Implementing net zero will depress the global economy more than the atmospheric warming that the campaign against carbon dioxide emissions is supposed to prevent, according to a comparison of research by recognized experts. In other words, abandoning efforts to eliminate the greenhouse gas emissions of fossil fuels likely would make virtually everybody richer. 

The comparison is presented in a short 12min video titled “How human disruptions impact GDP” by Dr. Lars Schernikau, an energy economist, commodity trader, and author of “The Unpopular Truth… about Electricity and the Future of Energy.”

 Dr. Schernikau reviews cost of “human” disruptions such as from Covid or the Ukraine-Russia war with estimates of implementing net zero, which were calculated by consultants McKinsey & Company and Wood Mackenzie, and projections by the Intergovernmental Panel on Climate Change for atmospheric warming’s effect on GDP.  

According to the data, the cost of implementing net zero would range from seven to 10 percent of GDP by 2050 while the cost of abandoning net zero would be but a fraction of that – 0.5 to four percent of GDP from a temperature increase of 2.5 degrees Celsius by 2100. The difference is measured in many trillions of dollars. Moreover, the higher cost of net zero is compounded by being incurred 50 years earlier than the predicted effect of warming. 

“When we step back and look at predictions for warming and GDP growth (gross domestic product), we must consider that the more wealth we create the better people can withstand severe weather or whatever climate impacts there might be,” says Dr. Schernikau.

By metmike - March 13, 2023, 3:54 a.m.
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We live in the best time in human history by an extraordinarily wide margin, however.

the same advanced technology that makes it that way……to educate, entertain and inform, is being used by the government, media an oth3r message gatekeeper  to control us.

they make Up false narratives, disinformation, junk science  and sensationalize and mislead with convincing sounding stories telling peoplewhat they want to hear/read To generate more power, profits, votes and funding.

By 12345 - March 13, 2023, 9:56 a.m.
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By metmike - March 13, 2023, 10:34 a.m.
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You want to bring down inflation?

the life blood of every developed country’s economy is cheap, reliable and abundant fossil fuels with their beneficial CO2 emissions.

stop the charade, psing  away trillions of dollars in start up money for fake green crap, expensive energy and use it for fossil fuelproduction.

his will lower energy prices with 100% certainty and this will reduce inflation with certainty.

also, end the stupid war in ukraine by negotiating and the retarded Russian embargo that is punishing the US with higher costs for energy and food.

inflation with higher interest rates does enormous damage. Ending it with more cheap fossil fuels is a win, win, win, win, win situation……for Consumers, for our country, for the planet, for honest people, for science.

By 12345 - March 13, 2023, 1:20 p.m.
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MM ~ "for honest people"



By metmike - March 13, 2023, 1:38 p.m.
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The gatekeepers controlling the false narratives have increased power with today's technology and divisiveness.

People compelled to tune into their favorite echo chambers or biased sources,  get the news the way they want to hear/read it.


This below explains the biggest problem.

They got over loaded in climate investments based on fraudulent science looking to make some fast bucks with crony capitalism.......that started falling apart in 2022/2023 when they couldn't meet the impossible promises. They needed more cash all at once without being able to generate income from the junk science.

                Silicon Valley Bank          

                   The Future of Climate Tech


Investors warm up to climate tech          

US VC investment in climate tech increased 80% between 2020 and 2021, reaching $56 billion, with energy and power experiencing the fastest growth. 


Exit activity on the rise            

The value of climate tech exits reached at least $114 billion with over 104 US companies exiting in 2021, a 70% year-over-year increase.

Climate tech investment reemerges 

Climate tech has rebounded from its poor performance in the mid-to-late 2000s. VC fundraising increased nearly 3x and VC investment increased more than 5x over the last six years, reaching $56 billion in the US.            

VC investment soared in the energy and power sector with 181% year-over-year growth led by fusion — the top three fusion deals totaled $2.6 billion. 



By metmike - March 13, 2023, 1:43 p.m.
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SVB was very biased and got too greedy and got overloaded with bad green investments in an environment of extreme crony capitalism that looked like easy money. ..........if you believed in junk science, fake green energy and crony capitalism.

The number of exits of climate technology companies dedicated to sustainability has quadrupled in 4 years.

Climate technology

By 12345 - March 13, 2023, 1:49 p.m.
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"The gatekeepers controlling the false narratives have increased power with today's technology and divisiveness.

People compelled to tune into their favorite echo chambers or biased sources,  get the news the way they want to hear/read it."




By metmike - March 13, 2023, 1:53 p.m.
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Silicon Valley Bank collapse puts new spotlight on a 2018 bank deregulation law

Democratic Sen. Elizabeth Warren, who led the push against that Trump-era law, now wants to restore those rules on financial institutions. Biden is also calling on Congress to act.

WASHINGTON — The failures of Silicon Valley Bank and Signature Bank are putting new scrutiny on a 2018 law that rolled back some banking regulations, with some Democrats calling to restore those rules as the federal government steps in to protect depositors.

"Congress, the White House‌ and banking regulators should reverse the dangerous bank deregulation of the Trump era. Repealing the 2018 legislation that weakened the rules for banks like S.V.B. must be an immediate priority for Congress," Sen. Elizabeth Warren, D-Mass., wrote in a New York Times opinion piece Monday.


While they have a point, the biggest thing they are intentionally covering up is that if these were smart investments, we wouldn't be here right now. Nobody is discussing the crap green investments based on crony capitalism and a fake climate crisis.

Instead, they are trying to put all the blame on Trump and acting like they are stepping in to save the day.

These are the exact same people that  gave this bank and its clients the incentive to put on these crap green investments based on crony capitalism because of the laws they passed, like the fake inflation reduction act which massively increased incentive for exactly what went wrong!

By metmike - March 13, 2023, 2:09 p.m.
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Biden, Warren and Sanders are acting just like an arsonist that gets a job as a fire fighter because they like to be around fires.

They light a fire that does millions in damage and hurts numerous people but are one of the first on the scene to report it and get accolades from the public because of their heroic, life risking fight to put the fire (they started) out.

By metmike - March 13, 2023, 3:59 p.m.
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 By metmike - March 13, 2023, 3:57 p.m.            

            It's laughable the way they want to blame Trump for this bank failure and its the far left coming out with the biggest bs........the exact ones most responsible.

Failing green energy schemes at this particular bank that got too greedy with the government incentives for widespread green crony capitalism investments ...... along with the government leaving interest rates near 0 for too long, then finally increasing rates too late then increasing them too fast.

In addition, refusing to negotiate with Putin and instead, choosing  to have a war in Ukraine, in addition to the sanctions on Russia, along with killing fossil fuel agenda added enormous inflationary pressures because of the supply disruptions(including the US blowing up Russia's NG pipeline) in the global markets, many intentional and all completely unnecessary.

The quintessential example of how government intervention, while helpful at times can REALLY mess things up bad when corrupted by money and politics.

Joe Biden administration and the left, YOU OWN THIS ONE!


Now, we get to read and listen to complete hogwash of a manufactured reality of why somebody else caused this and how they are the ones fixing it.

Addition:  I keep forgetting to mention the key role in this of the Fed printing way too much money.

By metmike - March 13, 2023, 6:23 p.m.
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the biggest upward pressure on inflation recently has come from the war on fossil fuels which resulted in much higher energy prices….which results in the cost of  everything going higher.

if you remember in his first year that Biden told us this inflationary pain was needed to make the switch to his fake green crap energy.

added to that, Biden’s/NATOs  war against Russia and boycott of russias energy, grain and other products Have disrupted global supplies, with higher prices across the board for the boycotters. . And absurdly, they call it “Putins price hike”.

ironically, China, India and others are filling the void to buy Russian goods at a discount.

so we are punishing ourselves the most and benefiting the countries that support Putin.

this administration had been making one catastrophic, very costly blunder after another in this realm…....then coming out with false propaganda nonsense making themselves and guys like psychopath, Zelensky as great hero’s……killing hundreds of thousands, decimating a country, global inflation and energy poverty for Putins enemies…….brought on by Putins enemies themselves from idiocy.

if there ever was an example of being your own worst enemy……this is  it!

fortunately, Biden sees the damage his war on fossil fuels has caused and is changing his tune.

no sign that he will see the light on Ukraine soon. I guess 1 trillion dollars to rebuild Ukraine isn’t enough yet. Sadly, we can’t bring back all the dead people or extra trillions that global,consumers paid from inflation  for his war.

this was exactly according to his original plan to make expensive crummy fake green energy more competitive.

but then something happened that he didn’t expect.

the crummy fake green energy massively underperformed and cant Do as promised……which is why those markets have been collapsing! The jig is up, man. 

now he has to go back to fossil fuels or face energy poverty and a depression in short order.

but the crony  capitalists  will bleed every drop of blood they can out of the fake green energy plays for years, even as they continue to be exposed in the real world.

And the false propaganda and false narratives, DISinformation and junk science will continue to gush out without missing a beat.

while nobody was paying attention or at least not reporting it, Europe had to make a huge adjustment to their fraudulent green energy scheme.

they now categorize the fossil fuel, natural gas as “green energy”


talk about moving the goal posts!

just like the critical temperature at which the planet would reach the point of no return was at +2 deg C compared to a century ago……and the science was settled.

but temps were not increasing fast enough so they had to lower that to +1.5 deg. C  to really scare people and inspire immediate actions…..and called that settled science.

but there still wasn’t enough action, so they created new global-climate models with different mathematical equations that showed it getting even hotter by 2100 to really, really scare people into action to save the planet….even though the existing models have almost all been too hot.

This is more like a crazy science fiction novel but they did all this and much more and effectively sold  it to the people……most of whom believed it.

CO2, a beneficial gas and building block for life on this planet, currently at half the optimal level for life on this greening planet, with its booming biosphere ……...has been defined as pollution killing the planet.

and people believe all this nonsense!

while ignoring most of the real pollution.

because cleaning up real pollution isn’t worth hundreds of trillions.

By 12345 - March 13, 2023, 8:16 p.m.
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By 12345 - March 13, 2023, 9:21 p.m.
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By metmike - March 14, 2023, 12:13 a.m.
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 By metmike - May 24, 2022, 7 p.m.          

Biden praises high gas prices as part of ‘incredible transition

“Here’s the situation,” Biden answered in-part. “And when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.”

metmike: That was NO GAFFE. That was THE PLAN.

There is no chance of THE PLAN to work with its current design.

To put that into odds, the current plan has a 0.001% chance of working without tremendous, permanent damage to most people in the US.......not the world but the US.

China, Russia, India and others are full steam ahead with fossil fuels, including building many new coal plants and with CO2 well mixed in the global atmosphere, it means the US has a recipe to obliterate it's economy and cause great hardship to it's people...............for no authentic reason.

We're having a climate optimum NOT a climate crisis.

Maybe more people will wake up to what a few of us have been saying for more than 15 years because this was always going to be the result. You can defy physical, energy, climate/meteorological, biological and economic laws with manufactured realities sold to people with green fairy tales.

When it comes time to apply the fairy tales to the real world...........this is what happens.

                Climate Reality discussions            

                         Started by metmike - April 15, 2019, 4:10 p.m.    


One huge cause of the recent bout of very high inflation has been a supply side issue. NOT ENOUGH cheap reliable energy(and other products), so prices went higher as Obama and Biden intended.

To combat that, they decided to raise interest rates really fast instead of fixing the supply side issue.

And that came after a record OVER printing of new money......the recipe for inflation.

Biden's war on fossil fuels and throwing trillions at fake green energy by itself in causing a great deal of inflation but the embargo on Russian energy has got to be one of the dumbest, counter productive acts ever. It's hurting the US much more than Russia.

Trying to bankrupt Russia could backfire

In the initial aftermath of the invasion, Western allies mostly issued threats to stop buying Russian oil and gas. That still helped push up energy prices, giving Putin a bonanza. Russia’s current account surplus doubled to $227 billion last year.

Global inflation shot up. European consumers had to pay through the nose to secure alternative sources of energy and governments racked up large fiscal deficits to cushion the impact on businesses and households. This led to tensions between those countries which could afford to do so, such as Germany, and those which couldn’t.

Meanwhile, emerging economies led by China got a big discount on the oil they bought from Russia. It is hardly in Western interests for the People’s Republic, its biggest geopolitical and economic rival, to benefit from cheaper energy.


Much of what Biden has done related to energy, since taking office has hurt Americans. Some of it the complete opposite of common sense.

And what in the hell was he thinking, blowing up the pipeline from Russia to Europe ahead of Winter when ng supplies were low in Europe?

By metmike - March 14, 2023, 12:25 a.m.
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The Silicon Valley Bank Crisis Is Complicated. But Donald Trump’s Role In It Isn’t

In rolling back key financial regulations passed after 2008, the former president enabled SVB to take on risky investments that ultimately backfired.


Right, it's Trump's fault.

They will just make up their own reasons and scenarios with the real reasons covered up. Biden, avoids any blame, and is seen as a savior, coming to the rescue. 

2024 can't come soon enough to get this guy out.

By 12345 - March 14, 2023, 5 a.m.
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M MIKE ~ "2024 can't come soon enough to get this guy out."





By metmike - March 14, 2023, 12:13 p.m.
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Bank collapses are a reckoning for Team Biden’s sheer economic incompetence

After doing nothing to tame inflation the previous year, the Federal Reserve hiked rates repeatedly in 2022 to make up for its inaction.

Those rapid rate hikes, the most drastic in decades, made the banks’ bonds lose value. 

A week before Yellen’s climate-change harangue, Moody’s Investors Service already had delivered SVB the bad news that it was about to be downgraded several notches because its bond inventory was not worth enough to repay depositors.

President Joe Biden created the perfect storm for what may become a string of banking busts.  

In 2021, he lied about inflation, saying it was temporary and “no serious economist” considered it a threat.  

Yellen and Federal Reserve Chairman Jerome Powell, whose first term was about to expire, went along with Biden and did nothing to bring down prices.  

It was the single biggest monetary-policy mistake in half a century.

Instead, he’s looking at the list of Democratic campaign donors. Silicon Valley residents coughed up nearly $200 million for Democrats in the 2020 election.  

No surprise that when a crisis occurs in Silicon Valley, Treasury and the Fed are offering a bailout, whether they use that word or not.  

Biden’s reckless spending and incompetent monetary policy are causing this string of banking busts.  

And John Q. Public, in some way eventually, will get socked with the bill.


By 12345 - March 14, 2023, 1:51 p.m.
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By metmike - March 14, 2023, 8:18 p.m.
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Some excellent points from somebody that knows much more than me but is saying the same thing.

Stupid (green/climate) loans by idiot management caused this and other banks were not as stupid and won't be following the same path.

They should have let it fail........suffer the consequences/be held accountable for being stupid.

As he stated, now, other bank management knows they can be stupid and do similar crazy things with no risk because the government will step in to save them.


What the Silicon Valley Bank collapse means for science start-ups

SVB was known for funding technology start-ups. Its location in Silicon Valley, a region in the San Francisco Bay Area of northern California, meant that many of these were green energy or biotech companies.

The situation after the collapse was “absolutely terrifying”, says Ethan Cohen-Cole, chief executive of Capture6, a clean-technology start-up in Berkeley, California, that is developing ways of capturing carbon dioxide directly from the air . “Your first thought is: ‘This is the end of your company.’”


The title should say "JUNK" science!

This is exactly what Kevin and I've been talking about.

Capturing CO2 from the air and sequestering it in the ground is one of the most stupid, expensive and counterproductive ideas in human history.

It's completely based on fraudulent science and what exactly does it produce?

It  generates a great deal of its income from the government paying them carbon credits for taking beneficial CO2 out of the air as well as being subsidized/receiving tax incentives.   This is an extremely stupid idea based entirely on crony capitalism and junk science that should be allowed to fail, along with most of the other fake green 1,500 start up companies like that. 

That's exactly the biggest thing that bankrupted this bank. Retarded ideas that are coming to roost in the real world and miserably everybody wanted out at the same time!

By metmike - March 14, 2023, 8:31 p.m.
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Silicon Valley Bank marketed itself as a climate tech-friendly bank. How will its collapse impact the industry?

Insiders are worried about a possible "chilling effect" on investments.

Silicon Valley Bank provided financing for over 1,550 clients working on climate technology and sustainability, according to its website. As of December 2021, SVB had committed $3.2 billion to such projects.



Why Intermittent Wind & Solar Will Never Amount to Serious Power Sources


metmike: The government is forcing energy investments to pick wind and solar. 

  $555billion to fight the fake climate crisis            

                            Started by metmike - Nov. 2, 2021, 12:19 p.m.    


Figure 2. Average annual climate-related (blue line) and non-climate-related (red line) deaths in natural disasters. Data from OFDA/CRED International Disaster Database

Death by Greening:

Annual fossil CO2 emissions since 1960, projected through 2022. Based on data from Global Carbon Budget 2022.

CO2 is well mixed in the global atmosphere.

By metmike - March 15, 2023, 12:18 a.m.
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The conservative battle against ‘woke’ banks is backfiring

States and cities fear that blacklisting financial giants for their climate policies will hurt their bottom line, because of reduced competition


Updated February 28, 2023 at 5:54 p.m. EST|Published February 28, 2023 at 6:00 a.m. EST

Across the country, the battle rages over sustainable investing, with more than $500 billion pouring into climate and socially conscious investments in 2021, according to JPMorgan Chase.

On Jan. 26, half the country’s state attorneys general filed a lawsuit against the Labor Department over a regulation that gives money managers greater freedom to consider environmental, social and governance factors when selecting investments.

On Tuesday, the Republican-controlled House voted 216-204 to limit the latitude of money managers who want to factor ESG into account when investing the Labor Department’s large pensions. The effort may be moot, however, since Senate Democrats are expected to block it.


How ironic that doing exactly what this guy was pushing 2 weeks earlier, is what brought the King of the wokeness banks down.

This is why far left hypocrites Sanders and Warren were the first to come out swinging, absurdly blaming Trump for this banks failures,  because they know that it was the mindset and agenda that they push hardest and was adopted by this bank  for that caused the failure


By metmike - March 15, 2023, 12:48 a.m.
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   Inside Climate News

Republicans Are Primed to Take on ‘Woke Capitalism’ in 2023, with Climate Disclosure Rules for Corporations in Their Sights

   January 3, 2023

Conservative politicians argue that environmental, social and governance principles—known as "ESG"—are diverting asset managers from their duties to investors, and may even amount to illegal collusion.

"But clouding the future for ESG—and undermining its effectiveness as a driver in the clean energy transition—are unsupportable green claims by both companies and investment funds. Some companiesand asset managers have faced enforcement actions in egregious cases of false statements to investors."

Let's repeat and underline that profound statement again because it defines why most fake green energy investments/schemes have a huge problem without crony capitalism and massive government assistance to keep them afloat.

"But clouding the future for ESG—and undermining its effectiveness as a driver in the clean energy transition—are unsupportable green claims by both companies and investment funds. Some companiesand asset managers have faced enforcement actions in egregious cases of false statements to investors."

This is a huge reason for why investors at SVB bank lost confidence and panicked. The market is reacting to the gross failure of fake green energy to live up to promises. It's under performing across the board because green fairy, magic  energy doesn't exist in the real world where the laws of science, physics and energy rule.

This was always destined to happen.

By 12345 - March 18, 2023, 2:37 p.m.
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