toastmeister
Daylight savings time please. Call it the sleep an extra hour referendum so there’s no ambiguity.
Making room for the intermittent nature of solar imposes upon the grid a large cost for backup power, adding to the levelized cost of electricity, yet this cost is never ascribed to the cost of the solar panel. The more solar you have the more idle backup power you need.
https://en.wikipedia.org/wiki/Levelized_cost_of_electricity
In France 70% of their power came from nuclear and they added renewables, they then need to throttle the nuclear power plants which is not an easy task, and they then make less money and require tax funded bailouts.
Canada has had 0.7% per capita GDP growth since 2015. Which puts us 2nd last only to Luxembourg in all 38 countries of the OECD.
We elected a person who said oil needs to stay in the ground in their book, who wants to grow population at more than 450k a year (1% cap, plus births) to prop up GDP despite the current high unemployment and the severe housing shortage, and who wants to join Germany and the UK in spinning up solar and wind which clearly did not go well for either of them.
https://newsletter.doomberg.com/p/let-ed-run-it
Through that lens I could see how they could be fearful of Canada’s demise, especially if we have another 10 years like the last. Gross government debt also somehow doubled since 2015 as well to achieve this lethargic growth, before subtracting pensions to create the net debt figure the government generally uses.
Then theres yesterdays Alberta separation fear with bill 54, and the fact Alberta contributes significantly more to Ottawa than any other province. As tariffs have a chance to wipe out manufacturing and you’ll be asking Alberta to contribute even more to fund unemployed auto workers and the like, after some provinces block Alberta’s access to new trade routes, I could see some clear catalyst for separation. Which would put Canada in a deeply negative current account balance and would be the end of Canada as we know it now.
Central bank monetary policy requires that we pay 2% more for goods every year as technology makes things cheaper and we exclude asset price inflation. They construct a wall of debt via low interest rates for inelastic goods like housing in order to provide a windfall to boomers in order to force the prices of goods upwards, every new mortgage new money supply being created.
That wall of debt that is gatekeeping inelastic shelter is what poverty looks like, prices can’t rise without providing new money supply, and some poor smuck holding that IOU for the first movers to consume. Blaming the rich, whose nominal asset value is inflated by this system, is a naive view; they are simply being spoon fed wealth in a desperate attempt to get them to consume a portion of it. Every bailout for any type of correction caused by an error or oversight in the system is then funneled back to them as wages are debased.
This likely explains the fanaticism around Bitcoin and gold, I think we can all see who is served by the existing system, and its definitely not the poor.
Europe broke their own procurement laws in order to choose Microsoft for the cloud, its good that tariffs were enough for them to finally follow their own laws.