Josh writes: Business Standard reports that the US is stalling on the $100 Billion Climate Finance:
The US also asked that the economic reality at present should be taken into consideration, while asking countries to contribute to the climate funds.
H/t The GWPF
Leading from behind again?
Perhaps even the ecolunacy, which represents the current US government, can see the pointlessness of handing even more blank checks to Third World dictatorships, kleptocracies and ineptocracies.
Or maybe it’s getting too close to an election year
With Cthulhu and None of the Above running so strongly, it’ll be interesting to see how the election pans out.
We’re always close to an election year in Australia. My first preference will go to Hangthelotof’em.
Money is rarely given to any country, when you stop and look at the reality, that doesn’t get given back to US corporations or the country gets overthrown. Yes, the “leaders” may get some, but the bulk of it is passed back to the corporations that paid for the US government officials that are elected by them. We are lead to believe that money is given to these “third world nations” by the ministry of propaganda, but an honest look at it will show I’ve just told the truth. Just look at those that used to get “aid” and when they started to develop some stability – Iraq and Libya come to mind – by ceasing to insure that US corporations continue to rape their country, well, the outcome of both speaks for itself.
If “Sam” is trying to back out from giving, it has to be because US corporations have no vested interest in those nations.
Evidently the third-world recipients-in-waiting are not willing to kick back enough bucks to the US politicians.
The whole idea of “climate reparations” is so preposterous that it sounds like a plot from a science fiction novel on an alien planet.
“The Martian” is a great book. The movie is pretty good too.
I prefer “Welcome to Mars” by James Blish.
Hello Poor Developing Nations,
You will perhaps recall that we were considering offering you a massive bribe in exchange for your compliance with our current set of delusional priorities here in the west.
Notable for your complicit agreement with the CAGW delusion which has recently become the primary concern of the rich western academic and bureaucratic elite.
We are struggling in our attempts to collect up the required bribe money.
We wanted to ask if, whilst we fished around for the cash…COULD YOU POSSIBLY BRIBE YOURSELVES?
This would be greatly appreciated.
With love and kisses, from the rich Imbeciles who came up with this bullshit.
They could always play the Illinois lottery. They might actually get some money, as long as it’s less than $600.00.
Another wonderful result from a state run by liberals.
Dear indefatigablefrog,
Now that’s what I call A LETTER ! (Brilliant)
Regards,
WL
Before that, the US reiterated their long-standing position that public funds were expected to be a small portion of the $100 billion that the developed world is required to provide annually starting 2020.
Good to see these countries have to learn ‘Political Spin Speech”. Hope they didn’t think it was the Progressive “Name Your Price” tool, as that only works at Progressive.
Maybe they asked the Chinese for an advance on the next $ Trillion of US National Debt loans and got turned down…
I know it’s wrong, but I do take some small solice from the fact that in the end, it is Chinese money being thrown away, since the USA is massively in debt and has a deficit run rate. We will never pay it back. At best we can inflate it away. Well, I did say it was a small solice…
@E.M., remember , nobody is in debt, all they do is print some more cyberspace “money”. 1913-1914 all over again.
Case study in what happens when a pack of lying, thieving imbeciles gets together to decide who gets to pay and who gets to receive money stolen from others.
Bruce you got it half right, Its really all about the bean feast, now Paris next Honolulu and after hmmmmm?
George,
I believe the next beano after Honolulu is tentatively scheduled for Norilsk, not far from the shores of the Kara sea, probably in early February 2017.
Host will be President Putin, who is not, he avers, the richest man in the known universe.
By then the melted permafrost will allow millions of nearby hectares of rice paddies to feed the world, and unicorns will frolic in the gently warming littoral waters nearby.
We will forget the notorious Ship of Fools, replacing them in folk memory with An Entire Conference Centre of Fools.
[Not Putin – absolutely not – one of the finest intellects of the last millennium – as he probably knows where I live! And in no way could this sort of thought influenced, in any way, the award of the 2018 World Football [OK, Soccer] Cup to a hugely deserving Russia.
2022 – Qatar – not even the seventeenth root of a small fraction of a femto-comment].
Mods, think – look – this is mostly /sarc.
Apart from, obviously, those bit suitably, if not quite disgustingly, laudatory of Vladimir Putin, the first known Homo twenty-second-centuryius [Yeah – Ugh!].
Auto
@ Auto,
“George,
I believe the next beano after Honolulu is tentatively scheduled for Norilsk, not far from the shores of the Kara sea, probably in early February 2017.”
Auto , do you really think these guys are going to get to that meeting?… Oh wait with global warming it might be the next destination.
$100 Billion is easy. This money will never come from taxpayers. The US and Europe will create the money out of thin air, but will call it “quantitative easing” or “bond purchase program”, as they did during the last financial crisis.
In a nutshell, central banks buy government bonds by creating money. Those bonds add to the national debt.
Down the line, though, things are going to get much dicier when it becomes more and more obvious that the national debts of many developped and supposedly prosperous countries can’t be repayed. The Greek debt crisis will have just been a free preview.
It’s not as simple as that. You can implement QE without increasing national debt.
The treasury/BankofEngland could issue new currency and/or buy bonds without requiring that new bonds are issued.
New bonds tend to be issued all of the time, of course. But that is not a requirement.
Ultimately QE is a kind of stealth tax upon anyone foolish enough to be holding currency or bank accounts denominated in their national currency. i.e. people with savings.
Taken to an extreme, it leads to hyperinflation, and those who believed they had savings discover that their savings are worthless. Which has happened on numerous occasions, of course.
All currency inflation is a tax. In fact, it is the easiest and cheapest tax to administer, and the only tax that nobody can escape. So it is perfect for governments – especially ones in dire straits. And it is also reasonably fair, being a straight percentage tax, although there are no exemptions and allowances for the poor.
R
Inflation hits those whose assets are in cash the hardest.
If you own stuff, inflation doesn’t bother you that much.
Those who owe money make out like bandits. The value of the house you bought goes up with inflation. The value of the money with which you pay back your loan goes down.
Ralfellis:
As are increases in minimum wages. Every dollar in minimum wage increase sends 15 more cents to the government in FICA taxes. Sadly the employer is saddled with each dollar increase in wage and an additional 7.5 cents for their portion of FICA. All without any productivity increase on the part of the employees.
Or perhaps it’s just that with $19 trillion in debt and another $50+ trillion in unfunded liabilities, Obama isn’t sure he can get the Republican congress to finance this waste.
So $100 billion is chicken feed in comparison (0.15%).
what a coincidence, 0.15% would be a very good value for the amount of CO2 required for proper plant growth.
It’s per year. 10 years is another $1 tril in debt.
Uh-oh … “economic reality”. Maybe, finally, the green idiot politicians are waking up.
great cartoon Josh! There’s another article in the press today that greens are complaining that “big oil” and “big business” are co-opting the noble purposes of the IPCC and it is just “alarming”
Sheesh. There’s no satisfying the watermelons. Why would they complain if Big Oil has a ‘coming to Gaia’ moment? 😄
I’m all for giving all my money to some third world despot….
…especially after the UN gives them a title
“One of the greatest mistakes is to judge policies and programs by their intentions, rather than their results.”
-Milton Friedman
I guess this grant would help the “fossil drug addict” binge himself to death? Or is it, Anything to inject some more petro-dollar inflation around about the globe? These warmists propose that the world is addicted to oil, yet fail to understand that you cant bribe or force an addict to quit. He has to do it when he feels the need to, any manipulation will only prove the manipulator as ignorant as the addict.
Go here and wait 24 hours to post, lol
http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=3162
http://www.powerlineblog.com/archives/2015/10/the-only-global-warming-chart-you-need-from-now-on.php
A couple of interesting charts….don’t know if they’ve been cited here, but thought I’d post.
Charts about what?
Do you really think I am going to waste my time clicking, when you cannot even be bothered to write a sentence to explain? It must be rubbish, whatever it is.
R
They’re graphs of things drawn “properly” with Y axes that reach to zero. So CO2 levels are nearly flat, temperatures are nearly flat, etc. Crap compared to the contents of http://www.edwardtufte.com/tufte/books_vdqi – The Visual Display of Quantitative Information.
Ya done fine, I think, just Steve, thanks.
Everyone gets to wet their beak. That is often a winning strategy everywhere at all times. I suspect the recipients of this largess are simply trying their best to ensure they are not played as suckers in what they know is a rigged game.
After the collapse of communism as a valid example the West had some success in spreading it’s liberal economic and political doctrine’s. We’ve seen that ability to influence shredded by engineered financial crises, internal political turmoil, and self-flagellating climate policies.
The Climate payments cannot be rationally justified to a majority of the US voters and their representatives. Keeping the amount as small as possible will help with that.
In the 1800s before the American Civil War, California and Texas were departments of Mexico. They were over-run and subverted by migrants who demanded rights to land ownership and voting in elections. The EU or “New Germanic Empire” following the Austria-Hungary Empire’s destruction during WWI and II has the same problem. So how many few years does the EU have left before the migrants gain control and teardown the EU and erect something more suitable for them? In which case the USA should do nothing (no $100 billion or even $0 promises) and just wait for the inevitable.
Would that be the inevitable annexation of Western Europe into the Russian empire?
Or would that be…
The inevitable Arabization of the native people of the member states of the European Union?
The inevitable fact that there would be more mosques than churches in Europe, as Chancellor Angela Merkel said, in 2012?
fossilsage October 22, 2015 at 12:14 pm says, “Would that be the inevitable annexation of Western Europe into the Russian empire?”
Or would that be the inevitable secret treaty between Russia and Germany to divide up European territories, as well as the US, as they have done in the past?
Inevitable_______ (fill in the blank)
The $100 billion Green Climate Fund should be viewed in the context of the Official Development Assistance already provided by members of the OECD Development Assistance Committee and by non-OECD countries like China. In 2013, total assistance by the OECD countries was $167 billion, which included $31 billion from the United States. The non-OECD countries gave $16 billion. The Green Climate Fun at $100 billion per year is supposed to be on top of the official development assistance; it would raise total assistance by 54%. However, the developing countries are claiming that $100 billion per year is not enough. They may accept it as a starting number so long as there is a commitment in principle to increase the transfers substantially over time. There has been some discussion of funding this through a new carbon tax on all air travel, which would make sense from the perspective of the CAGW crowd, as they want to drastically reduce aircraft fuel consumption (at least, when not going to climate-related meetings).
Oh, so you are saying: It’s worse than we thought!
(and even more scam money needs to be shut off…)
Political ploy meets reality