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Robert Wagner

 
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  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    Big threat for Obama's climate efforts from GOP-run Congress

    WASHINGTON (AP) — President Barack Obama's determined efforts to combat global warming face their biggest trial yet as Republicans take full control of Congress this week. The GOP vows to move fast and forcefully to roll back his environmental rules and force his hand on energy development.

    The GOP's first order of business: the Keystone XL pipeline. The Republican-led House has repeatedly passed legislation to approve the pipeline, which would carry tar sands oil from Canada deep into the United States.

    http://yhoo.it/1HJyCLE
    Jan 6, 2015. 09:24 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    The bad news just keeps coming, my bet is 2015 will see the end of the Bitcoin.

    Major bitcoin exchange suspended after price plunge

    Bitstamp, the second-largest dollar-bitcoin exchange, suspended operations early Monday, signalling what some are calling a watershed moment for the cryptocurrency.

    The U.K.-based exchange said it would be halting withdrawals and dissuaded customers from making deposits following what it implied was a security lapse. Still, some have argued that this could be an excuse for a larger liquidity problem after the weekend's big drop in bitcoin's price.

    "We have reason to believe that one of Bitstamp's operational wallets was compromised on January 4th, 2015," the company wrote in a message on its website.

    http://cnb.cx/1rZzSq4__source=yahoo|finance...
    Jan 5, 2015. 09:44 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    "The #1 priority of eBay and any other merchant should be to protect the consumer so that they can continue to shop on eBay or any other store. Bitcoin fails miserably at that. EBAY, or any other merchant, should not be encouraging its customers to become high risk currency speculators, it should be developing a solution that works for the customer, not against them.

    The Bitcoin peaked near $1,200 and now trades near $260. Consumers that merchants encouraged to use the Bitcoin now have about 75% LESS purchasing power. Only the most foolish of merchants would want to bankrupt their consumers. As I've been saying in countless articles and posts, the computer geniuses in Silicon Valley need to put down their programing manuals and pick up a Money and Banking 301 Economics book. The Bitcoin never had a chance, never. Any 2nd year economics student could have told them that, at least those that understood how flawed the Austrian School's monetary theories are.
    Jan 4, 2015. 03:17 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    1) Best performing currency isn't something that is good for a currency. Stability is far far far more important than the investment returns of a currency. That is what Bitcoin followers refuse to accept.
    2) The Bitcoin used to trade over $1,000 and now trades near $250. That drop took about a year, so the annualized inflation rate of the Bitcoin for 2014 was about 400%. Really? 400%. That is a joke, and would have bankrupted any Merchant foolish enough to rely on it.
    Jan 4, 2015. 03:05 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    Neil, thanks for your comments. My point isn't that Bitcoin isn't a masterful piece of computer code, it is, I totally accept that point. My point is that this masterful piece of computer code is based upon some extremely misguided and misunderstood economics. Everything about the foundation of the Bitcoin is flawed. It was claimed to be noninflationary, and has been proven to be just the opposite. The Bitcoin peaked at aver $1,000 and not trades around $250. That means that Bitcoin has experienced an inflation rate of 400% in a single year. That is absurd, and in no way better than the US Dollar. People simply wanted to believe in the absolute lie that this was a deflationary currency, better than the the US$ and that it was a better store of value than the $US. Now all those people are down 60 or more % on this Bitcoin investments. If Overstock had accepted Bitcoin and held them instead of converting to the $US dollar it is highly likely that Overstock would now be bankrupt. That is how dangerous this "virtual currency" is, and people seem to want to take those risks lightly. Be thankful Overstock never jumped head first into using the Bitcoin and be thankful most of your consumers use the $US. If Overstock really wants to promote the concept of a viable virtual currency they should copy the code of the Bitcoin, but make one adjustment, the Overstock Virtual Coin will be 100% backed by the $US. Basically make it a Virtual Gift Card that has a set value tied to the $US Dollar. Overstock sells the Virtual Giftcard and stands ready to redeem it for the Full $100 for any of its goods. The Virtual Overstock Gift card can then be traded and the people getting it know that they can always convert it back to $100 by shopping at Overstock. Personally I can't understand why Casinos haven't started issuing Virtual Casino Chips. It is a great way to bring people to their Casinos.
    Jan 4, 2015. 02:57 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    Mark516, it isn't the technology that I'm interested in, it is the base economics. The code may be a masterpiece, but the computer scientist that wrote the code never bothered to take Money and Banking 101. The economics on which it is based are 100% misguided and the current Bitcoin trend is proving just about every point I've made 100% correct.
    Jan 4, 2015. 02:41 PM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    DavidUCSB says "author: Now that bitcoin is at $650 are you reconsidering your ill-informed article?"

    I guess those who laugh last laugh loudest. Bitcoin is now trading below $270. Don't be gullible enough to buy the Bitcoin nonsense and hype, it is almost certain to fail.
    Jan 4, 2015. 11:23 AM | Likes Like |Link to Comment
  • Bitcoin Is Sinking Fast, So Are Hopes Of Bitcoin-Related Investments [View article]
    When I wrote this article the Bitcoin was at $456, it is now trading at $262, and sinking fast. I expect 2015 will be the death of the Bitcoin. As the $US strengthens, commodities prices keep falling, gold should continue to collapse and the economy should regains some of its strength. All are death sentences for Bitcoin. Bitcoin was simply founded in a very very very misguided philosophy, and was always bound to fail. Anything founded on a lie/misrepresentation/... is bound to fail eventually.
    Jan 4, 2015. 11:20 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    The following summarizes levels of CO2 under various conditions:

    40,000 ppm: The exhaled breath of normal, healthy people.

    8,000 ppm: CO2 standard for submarines

    2,500 ppm: CO2 level in a small hot crowded bar in the city

    2,000 ppm: The point at which my CO2 meter squawks by playing Fur Elise

    1,000 to 2,000 ppm: Historical norms for the earth’s atmosphere over the past 550 million years

    1,000 to 2,000 ppm: The level of CO2 at which plant growers like to keep their greenhouses

    1,000 ppm: Average level in a lecture hall filled with students

    600 ppm: CO2 level in my office with me and my husband in it

    150 ppm: The point below which most plants die of CO2 starvation
    http://exm.nr/1K3B29Z
    Jan 1, 2015. 04:55 AM | Likes Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    You will NEVER, NEVER with a capital N see this highly significant information on the front page of the NYTs or any other major media outlet. In order for the AGW theory to maintain support, the general public can only be given cherry picked half truths and one side of the story.

    Global Sea Ice Breaks Record High For The Day – Antarctic Sea Ice Also Breaks Record High For the Day
    http://bit.ly/1B24aKE

    Carbon dioxide emissions help tropical rainforests grow faster: Study shows trees absorb more greenhouse gas than expected
    http://dailym.ai/1K3AGQz

    Climate alarmists need to chill out
    Every time it gets unseasonably cold and someone says the chill is proof global warming isn’t happening, the climate alarmists shriek that one cold spell proves nothing.

    Of course the reverse is never true. Every heatwave, hurricane or drought is trumpeted by the same fear mongers as proof that a warming catastrophe is imminent. Whenever local temperatures exceed the seasonal norm, some climate scientist or eco-activist will insist that these are the kind of hot times humans will have to get used to if we don’t dramatically reduce our lifestyles and our carbon emissions.

    Indeed, just imagine what the environmentalists would be shouting right now if, instead of being the coldest November on record in parts of North America, this was the warmest.
    http://bit.ly/1K3AIYE
    Jan 1, 2015. 04:51 AM | Likes Like |Link to Comment
  • Alibaba May Be The Amazon Killer [View article]
    Amazon.com AMZN +0.02% turned in its worst year on the market since 2008, taking a big bite out of founder Jeff Bezos’ personal net worth.

    Chief Executive Bezos saw his Amazon holdings lose about $7.4 billion in value over the course of the year as the e-commerce giant’s shares fell more than 22%. Still, Bezos’ 84 million shares, equal to 18.3% of the company, will ring in the New Year with a value of roughly $26.1 billion.

    Shareholders punished Amazon for its free spending on projects such as the Fire smartphone and other gadgets and a widening network of warehouses close to urban centers. The company has admitted it botched the phone’s rollout, mainly blaming its price for slow sales.

    In this year’s third quarter – marked by Amazon’s worst net loss in 14 years – the company took a $170 million charge for the Fire phone and said it had $83 million in inventory. It has dropped the price with a contract to 99 cents.

    http://on.wsj.com/13KRLh0
    Jan 1, 2015. 04:40 AM | Likes Like |Link to Comment
  • GOP Hearings On Climate Change May Threaten Entire Green Economy [View article]
    Inhofe: GOP Senate to push against regulations

    OKLAHOMA CITY (AP) - The Republican Party’s takeover of the U.S. Senate gives the GOP its best chance to push back against government regulations and ramp up military spending since Democratic President Barack Obama was elected in 2008, Oklahoma’s senior U.S. senator, Jim Inhofe, says.

    Elected to a fourth full six-year term in November’s general election, the 80-year-old Inhofe, a Republican, will be part of a 54-seat majority when the Senate convenes in January.

    http://bit.ly/1K2vlco
    Dec 31, 2014. 05:32 PM | 1 Like Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    Five U.S. Electricity Myths Debunked

    Myth 1: Wind and Solar Will Displace Coal
    Myth #2: Fossil Fuels Get More “Subsidies” Than Renewables
    Myth #3: Americans Will be Using Less Electricity
    Myth #4: Only Renewable Energy Systems are Evolving
    Myth #5: Europe is the Example to Follow
    http://onforb.es/1zsTOzb
    Dec 30, 2014. 05:13 AM | 1 Like Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    PayPal Co-Founder Is Skeptical of Man-Made Global Warming for This Reason

    PayPal co-founder Peter Thiel, often considered one of the most influential people in Silicon Valley, said Tuesday that he is skeptical of man-made global warming because many refuse to allow debate the subject.

    “Whenever you can’t have a debate, I often think that’s evidence that there’s a problem,” Thiel said on The Glenn Beck Program. “When people use the word ‘science,’ it’s often a tell, like in poker, that you’re bluffing. It’s like we have ‘social science’ and we have ‘political science,’ [but] we don’t call it ‘physical science’ or ‘chemical science.’ We just call them physics and chemistry because we know they’re right.”

    Thiel said no one will be upset if you ask questions about the periodic table, because it is actually science. But referring to man-made climate change as “science” tells you “that people are exaggerating and they’re bluffing a little bit,” Thiel said.

    “The weather has not been getting warmer for the last 15 years. The hockey stick that Al Gore predicted in the early 2000s on the climate has not happened,” he remarked. “And I think as this monolithic culture breaks down, you can have more debates.”

    http://bit.ly/1zsTAI9
    Dec 30, 2014. 05:10 AM | 1 Like Like |Link to Comment
  • Investors' Guide To El Nino, Climate Change And Summer Weather Forecast [View article]
    Bingo, I've pointed this out thousands of times. Funny how as more research get published the skeptic's side seems to always be supported by the evidence. The glaciers slide on melted water. Water is the lubricant that allows the glaciers to move. They always show cracks in glaciers and water pouring down into them, but that is an annual event, and few cracks go the entire depth of a glacier, and even if they did it would pool and fill up the crack if it didn't simply run out of the glacier like a river. Water lubricates the entire bottom of these glaciers, that fact along with the fact that Greenland IS BASICALLY A VOLCANO pretty much points to the fact that the glacier is melted from beneath, much like dropping an ice cube on a hot skillet. Bottom line, the more people look into the claims and reasons for global warming, they more they will decide warming is due to natural forces.

    Greenland Ice Melt Geothermal, Not Manmade

    Newly released research, primarily from NASA and the GFZ German Research Center for Geosciences, indicates that melting of selective Greenland Glaciers is related to geologically induced heat flow, and not manmade atmospheric global warming.

    Previous articles posted here and here have documented the effect of geologically induced geothermal heat flow on the West Antarctic continent and Arctic Ocean Ice Sheets. In both cases relatively recent research was used to show natural variations in climate, climate-related events, and warmed from geothermal heat.
    http://bit.ly/1zsStIA
    Dec 30, 2014. 04:58 AM | Likes Like |Link to Comment
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