My continued advice for the asset owners
I am warning the reader that the asset markets will continue doing well, regardless of sentiment, as the international elite need to achieve their 2030 objectives. This means that the governments, who are just customer service windows for the globalists, must continue spending the many trillions of dollars needed to achieve their lofty goals.
As reported in this Bloomberg article, of the $37 trillion needed to achieve the 2030 climate and other targets, $18 trillion of it has yet to be sourced. Of course, this means that this $18 trillion will most likely come from fiscal deficit spending.
Thus, we want to continue owning the income generating assets. Given the secular inflationary growth that has been caused by open borders, rapid demographic shifts, dubious crises, and multiculturalism, United States real estate and equities are still the place to be. All of these quixotic goals require many trillions of dollars in fiscal deficit spending. This also means that fixed income investors are going to continue paying a steep price. Indeed, bond holders and taxpayers will be stuck with the vast majority of this burden.
All of this additional spending will cause money stock measures to continue increasing, much to the chagrin of the diverse common man, and will put a floor underneath inflation.
Diversity is a weakness, not a strength, which is why it’s pushed so forcefully upon the unsuspecting population. Diversity shatters resistance and push back, so do not look for any deceleration in the promulgation of the globalists desired targets. Despite the propagandizing to the contrary, this decade will prove brutal financially for the average person. Only those who can hold on to their income generating assets can keep their heads above water and prosper. For those of us who already own these assets, we must tune out the double-mindedness in the media, because we already know the outcome. These 2030 goals must be met.
The following is an unedited Bloomberg article discussing this matter and reports on a BCG study indicating that out of the $37 trillion dollars that is needed, 18 trillion dollars is being withheld due to red tape and political reluctance. This indicates to me that the massive multi trillion dollar deficits will remain and become a permanent feature until at least the end of the decade.
We have studied in great length about how deficit spending enriches those with the income generating assets, while destroying the financial lives of the many. This is all intentional and I am warning those who are reluctant to ostensibly pay up for assets now. Barring a global conflict, we will look back a few years from now and think that today’s house and stock prices are relatively cheap.
Red Tape Holding Up $18 Trillion Needed for 2030 Climate Goals
5 hours ago
(Bloomberg) — Grid constraints, the still high cost of green technology and planning delays are holding up $18 trillion worth of investments needed to reach global 2030 climate goals, making any rapid energy transition increasingly unlikely.
The incorporation of renewable and other low-carbon sources of energy must happen three times faster than previous fuel transitions to limit global warming to 1.5C (34.7F) above preindustrial levels, according to a report from management consulting firm Boston Consulting Group.
“There’s still some blue sky from getting from policy tailwinds to viable business cases,” Maurice Berns, chair of the group’s Center for Energy Impact and one of the report’s co-authors, said in an interview. “We need to get past the top level and into more implementation, the regulations, the disbursements, the actions needed at state level and member state level to get us there.”
Fossil fuel emissions are warming the planet, triggering extreme weather, from flooding in India and the US to wildfires in Greece and Canada. July was the world’s hottest month on record.
Current policies and the speed of the energy transition in sectors such as industrial manufacturing and buildings would permit warming to 2.7C by 2100, which is “woefully insufficient.”
The main shortfall in funding was in the electricity and end-user categories, where the gap was primarily of investments in renewable power, the report said.
“For renewables, the higher cost of finance negatively impacts the cost of renewable energy produced, increasing the competitiveness of fossil investments,” it added.
Several studies have assessed the investment requirements and gaps in the world’s energy transition targets. According to BloombergNEF, global annual investment needs to triple throughout this decade in order to achieve a net zero emissions world by 2050. Current levels of capital spending are not aligned with that goal, the BNEF report shows.
However, the world already has the tools and capital needed to effect the changes, the BCG report said. Out of the $37 trillion needed by 2030, roughly $19 trillion has already been committed, the consulting firm calculated by using a bottom up build methodology across 270 energy companies.
Governments and the private sector need to need work together on finding a way to bring down the cost of deploying low carbon technologies and make the business cases viable to bridge the $18 trillion gap. That’s where policies like the US Inflation Reduction Act can help, according to the report.
In the UK alone, it’s estimated that there’s about 220 gigawatts capacity — about two-thirds in wind and the rest in solar — in the connection queue, while in Spain there’s about 180 gigawatts in the queue, which is also similar across systems and countries around the world, Berns said.
“It’s not a technical challenge because we know what technologies we need to put into place and they exist,” he added. “It’s a matter of getting a bit of acceleration into the system, to see things progress.”
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