Podcasts about renewables

Renewables and electric vehicles are on a tear, and they'll soon likely attract $2 trillion in yearly investment. But global emissions have not peaked.  So what are the new frontiers of technology that will make renewables and storage more valuable – and draw down emissions at the speed needed? This week, we're going to reflect on that question coming out of RE+, a major American conference where our editors were covering emerging tech.  Then, the battery recycling boom is on. It's attracting billions of dollars in investment. Will it address supply chain security and a looming waste problem? Finally, Hawaii's difficult transition away from coal. Why couldn't it build renewables and batteries fast enough to fill the gap? Joining us this week to talk through these stories are Jeff St. John, Julian Spector, and Lisa Martine Jenkins.  Resources mentioned in this episode: A preview of Latitude Media Financial Times: Peak fossil fuels will happen this decade. Canary Media: Redwood Materials lands $1 billion  Canary Media: Another US battery recycler just raised a massive round Canary Media: Hawaii quit coal a year ago – how's it going? Don't forget your tickets to Transition-AI: New York on October 19th. Our listeners get a 10% discount with the code pspods10. And make sure to get your seat at Canary Live: Bay Area on October 3rd. The Carbon Copy is supported by FischTank PR, a specialized climatetech PR firm dedicated to bringing meaningful results for companies in sectors spanning grid edge, solar, energy storage, battery, EVs, alternative fuels, VC and green building. FischTank helps clients stand out in an increasingly competitive and noisy space. Visit FischTank PR to learn more. The Carbon Copy is brought to you by Savant Power. Savant's end-to-end power systems provide energy generation, inverter and battery storage, generator control, flexible load management for every circuit, and level two EV charging. Learn more about the only company that can deliver an integrated smart home and energy solution controlled via a single award-winning app at Savant.com.

The power sector generates the electricity that sustains modern life -- but it's also the number one contributor to climate change. We need a swift and equitable shift to renewable energy, says 2023 Audacious Project grantee and ReNew2030 executive director Rebecca Collyer. In conversation with TED's David Biello, she introduces a new coalition of governments, businesses and communities that aims to drastically scale wind and solar capacity in the 30 highest-emitting countries. Learn more about their plan -- and why Collyer has hope for a greener, more equitable future. (This ambitious idea is part of the Audacious Project, TED's initiative to inspire and fund global change.)

The power sector generates the electricity that sustains modern life -- but it's also the number one contributor to climate change. We need a swift and equitable shift to renewable energy, says 2023 Audacious Project grantee and ReNew2030 executive director Rebecca Collyer. In conversation with TED's David Biello, she introduces a new coalition of governments, businesses and communities that aims to drastically scale wind and solar capacity in the 30 highest-emitting countries. Learn more about their plan -- and why Collyer has hope for a greener, more equitable future. (This ambitious idea is part of the Audacious Project, TED's initiative to inspire and fund global change.)

The power sector generates the electricity that sustains modern life -- but it's also the number one contributor to climate change. We need a swift and equitable shift to renewable energy, says 2023 Audacious Project grantee and ReNew2030 executive director Rebecca Collyer. In conversation with TED's David Biello, she introduces a new coalition of governments, businesses and communities that aims to drastically scale wind and solar capacity in the 30 highest-emitting countries. Learn more about their plan -- and why Collyer has hope for a greener, more equitable future. (This ambitious idea is part of the Audacious Project, TED's initiative to inspire and fund global change.)

Artificial intelligence and machine learning will make a big difference in boosting our reliance on intermittent renewable wind and solar power.In this episode of Grid Talk, host Marty Rosenberg interviews Dalia Patiño-Echeverri, professor at the Nicholas School of the Environment at Duke University. With renewable energy being deployed at a rapid pace, making sure there is back up, or reserve, power available to meet peak demand is critical. Patiño-Echeverri is using sophisticated forecasting models to precisely predict fluctuations in renewables and reserve generation needs to be ramped up or down. “We will be in a better position to integrate the valuable renewable energy that we get from solar and from wind because we will be considering all the possibilities and we'll be prepositioning our system in the best way to cope with the variability and the uncertainty of these resources,” said Patiño-Echeverri. “The number one benefit that we see in our technology is that we're going to have the right level of reserves at each moment and in time in our system.”“And with artificial intelligence and with machine learning, we have found ways to run these models that are more sophisticated, more demanding of computational resources. We have found ways to simplify those requirements and we have found ways to run them faster.”interviews Dalia Patiño-Echeverri Dalia Patiño-Echeverri is the Gendell Associate Professor of Energy Systems and Public Policy at the Nicholas School of the Environment at Duke University where she explores, assesses, and proposes technological, policy, and market approaches to contribute to the goal of striking a balance between environmental sustainability, affordability, and reliability in electricity systems. She received B.S. and M.Sc. degrees in Industrial Engineering from University of The Andes, Bogotá, Colombia and the PhD degree in Engineering and Public Policy from Carnegie Mellon University.

We've dug ourselves into a deep hole and we can't stop digging. Climate change is here, and humans are still burning fossil fuels and increasing carbon emissions year after year. Arizona's power grid will fail. Maui will have more wildfires. Ocean pollution will render oceans lifeless. Students, teachers, and schools will underperform. Florida homeowners will lose everything. Emperor penguins will go extinct. This is our near future. The power grid (02:02), Renewables need support (05:41), School needs AC (08:20), Ocean pollution (11:08), Ocean polluting (13:22), Rising sea levels (17:01), Maui Wildfires Tap Water PSA (17:46), Corn of the future (21:15), is the corn sweet (24:24), Ron DeSantis Insurance (27:44), Goodbye, Emperor Penguins (31:36), Climate Change tasting (36:47)

Cross pollination within the energy sector is a must in order to achieve the global targets we have set out for ourselves. As energy demand rises rapidly, the need to decarbonize increases in importance, I believe the energy sector will actually shrink. Not in production or employees, but in how many once siloed companies and industries cross over into new territory. Join me as I talk with the one, the only Patrick Hanson, Senior Geothermal Development Manager with Expro about this very thing and how he is excited to be part of this future energy ecosystem. Expro https://www.expro.com/region/locations/corporate-hq-1Patrick Hansonhttps://www.linkedin.com/in/phanson610/Patrick's book recommendation The subtle art of not giving an F$%!CORE Knowledgehttps://www.linkedin.com/company/75072170/admin/feed/posts/Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/

In this episode, hosts Chris Sass and Niall Riddell are joined by Gerard Barron, the CEO & Chair of The Metals Company, who provides a unique perspective on the essential resources needed for our electric vehicle transition.The Metals Company, with over a decade of experience, has made substantial investments in licenses, cutting-edge processes, rigorous environmental assessments, and advanced technology to extract polymetallic nodules from the ocean floor. These remarkable efforts take place in the abyssal zone, a staggering 4,000 meters deep and 1,000 miles off the coast of Mexico.Tune in as we delve into the intricacies of this operation, where robots venture into the deep to recover these nodules, which are then 100% utilized to extract base metals crucial for battery production. Nickel, Copper, Cobalt, and Manganese are the primary metals at play. Join us as we unravel the political, economic, and technological factors that underpin this extraordinary endeavor.

Judith A. Curry is a climatologist, the founder of Climate Forecast Applications Network, and the author of a new book: Climate Uncertainty and Risk: Rethinking Our Response. In her third appearance on the podcast (the last was December 27, 2022) Curry talks about her new book, the “oversimplified analysis” of climate that's being used by legacy media and policymakers, censorship, the importance of Twitter, and why we need to see the global climate as a “complex, chaotic, non-linear system.” (Recorded August 18, 2023.)

In this episode, we explore gender-lens investing with Finnfund, a Finnish development financier and impact investor in emerging markets. Dr. Anne Valto and Lauri Etelämäki, senior advisors leading Finnfund's work in this area, discuss the investment criteria and requirements for projects and share examples of gender-focused investments. We also discuss current priorities and future prospects for gender-conscious investing.

The renewable energy industry has roots in agriculture. Chevron is known for its start in the petroleum side of energy. Kevin Lucke is the president of the newly formed Chevron Renewable Energy Group. We have a conversation with Lucke at the Iowa State Fair about the mixing of renewable sources with one of the old guards of energy.

In the fourth episode of the Distributed Energy For People & The Planet series, we are joined by Rachita Misra - Associate Director of Knowledge and Advocacy with SELCO Foundation in India, and Heather Adair-Rohani - Acting Head of Air Quality, Energy and Health at the World Health Organization (WHO) to discuss the energy and health nexus. Focusing first on ways to bridge the gap between grassroots solutions and high-level policy.  This series is hosted by Marilyn Smith of the Energy Action Project (EnAct)Guest Bios:Rachita Misra is the Associate Director of Knowledge and Advocacy with SELCO Foundation in India. Heather Adair-Rohani leads the work on energy and health at the World Health Organization Headquarters.  She has led the establishment of the Health and Energy Platform of Action and the High-level Coalition on Health and Energy. Ms. Adair-Rohani co-led the coordination and development of the WHO guidelines for indoor air quality: household fuel combustion and is currently overseeing the work to support countries in the implementation of these Guidelines through the Clean Household Energy Solutions Toolkit.  She also actively participates and represents WHO at various global initiatives focused on health, air pollution, and energy like UN-Energy, Sustainable Energy for All, Inter-Agency Expert Group on Sustainable Development Goal Indicators, and the Global Strategy for Women, Children, and Adolescent Health.Learn more about SELCO Foundation | WHO | EnAct | Global SDG7 HubsConnect on LinkedIn:  Marilyn | The Energy Talk | Global SDG7 Hubs | EnActFollow on Twitter:  The Energy Talk | Global SDG7 Hubs | EnAct | Marilyn SmithFollow on Instagram: The Energy Talk | Global SDG7 Hubs | EnAct Subscribe to our newsletter

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Karol Kissane, Senior Policy Executive for Farm Business & Renewables, IFA discusses the impact of the introduction of the 5% concrete levy today.

Every three years Montana's largest electric utility tells the public how it's planning to meet energy demands, which is going on now. And it follows a major court ruling that found the state's energy policy is contributing to climate change. MTPR's Austin Amestoy sat down with reporter Ellis Juhlin to break down where NorthWestern's plan fits into the new legal landscape.

Before you know it, summer is gone and its back to school!  Peter and Jackie look back on the energy headlines of summer 2023.   They start the podcast by discussing the new nuclear capacity announced in Ontario, with three additional small modular reactors (SMRs) announced and the potential for a significant expansion at the Bruce Power nuclear plant.  The excitement over room-temperature superconductors and another net-energy gain nuclear fusion reaction got their attention.  Next, a review of why oil prices rallied in July and the outlook for the supply-demand fundamentals for the remainder of the year. Finally, Peter and Jackie cover some additional news on the pause for new renewable energy permits in Alberta, as well as some feedback and clarification on the draft Clean Electricity Regulations.Content referenced on this podcast:·       Canada's Draft Clean Electricity Regulation (released August 10, 2023) ·       The Alberta Government's Frequently Asked Questions on the Renewables Inquiry and the Related Pause (August 25, 2023)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media:X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research InstituteSubscribe to ARC Energy Ideas PodcastApple Podcasts Google Podcasts Amazon Music Spotify

If a negative climate tipping point refers to a critical threshold that triggers irreversible damage, then it stands to reason that a positive tipping point is the exact opposite - a beneficial axis that, when reached, staves off the worst planetary outcomes. Our guest today, Dr. Tim Lenton, is the Chair in Climate Change and Earth System Science at the University of Exeter and is the Founder of the Global Systems Institute, an organization that uses a whole systems approach to solve global challenges and build a flourishing future. In this interview, we look at some examples of positive tipping points, discuss the social movements that are having real impact, and the individual actions we can all take to lower our carbon footprint. Show NotesProfessor Tim Lenton, University of ExeterGlobal Systems InstituteEarth System Science: A Very Short Introduction by Tim LentonRevolutions That Made the Earth by Tim Lenton and Andrew WatsonGaia: A New Look at Life on Earth by Jim Lovelock Positive Tipping Points Could Save the Climate - This Man is Showing Us How (Positive.News)

Is nuclear worth the risk? How much are you willing to pay for gas or an electric car? Justin and Lance break down six big problems we need to address as we make the switch to renewable energy. tags: tsou, podcast, justin weller, lance jackson, energy, renewable, clean, nuclear, wind, water, solar, electric, car, gas, oil, coal, taxes, government

On this episode of Energy Evolution, our guests discuss the recent boom in jobs and manufacturing in the renewable energy sector in the United States. The one-year-old Inflation Reduction Act drives much of this growth, which is leading to significant cost savings projected for wind and solar developers using U.S.-made components. Today's guests include Matthew Rand, managing director, research and analytics, at Link Logistics, and Ben Beachy, manufacturing and industrial policy vice president, at the BlueGreen Alliance, a coalition of labor and environmental organizations. CORRECTION: A previous version of these notes misidentified Matthew Rand's current job title. The episode misidentifies Rand's title at the time of the interview. Matthew Rand is the managing director, research and analytics, at Link Logistics. The episode also mentions that Link "estimates that renewable energy companies currently drive 5-10% of its leasing volumes." This figure represents specific markets rather than the company's national portfolio, in which Rand said it represents "2.3% to 3% of leasing activity." Energy Evolution co-hosts Dan Testa and Taylor Kuykendall are veteran journalists with broad expertise covering the energy and mining sectors. In addition, Camellia Moors and Camilla Naschert, reporters who write about mining and power issues, are correspondents for Energy Evolution and regularly contribute to the show. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes! We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

In this episode of Smart Energy Voices, host Debra Chanil talks with Alise Porto, SVP of Sustainability and Strategic Initiatives at Switch and two-time winner of SED's WISE (Women in Smart Energy) Award. They discuss how Switch has driven sustainability through innovative water conservation and renewable energy initiatives. You will want to hear this episode if you are interested in... Alise's journey to Switch [02:28] The Regional Water Improvement Pipeline [04:10] Switch's ESG strategy [08:20] Advice for women in sustainability [12:10] Prioritizing sustainability Switch is a technology infrastructure ecosystem corporation with a core business to design, construct, and operate the most advanced data centers. While headquartered in Las Vegas, Nevada, Switch also has locations in Northern Nevada, Michigan, Atlanta, and Texas. CEO and founder, Rob Roy, has prioritized sustainability since he founded the company. Switch believes data runs the planet and that working together can ensure it doesn't harm the planet. Regional Water Improvement Pipeline Project Switch can now cool all of its data centers at its Northern Nevada campus on 100% recycled water while being powered by 100% renewable power. The company's Northern Nevada campus in the Tahoe Reno Industrial Center is situated approximately 16 miles away from a water reclamation facility. This facility caters to the Reno and Sparks region, as well as Washoe County. Recognizing the potential benefits, Switch established a pipeline spanning 16 miles from the pump station.  This pipeline will provide over 4,000 acre-feet of water to the industrial park, allowing the construction of around 30,000 more homes in the area. Furthermore, it will save ratepayers $30 million in maintenance costs for the water reclamation facility. Using water cooling is 30% more efficient than electricity. Working together for sustainability Switch collaborated with the State of Nevada and Storey County to establish a tax increment area to secure funding for the construction of a pipeline, which cost nearly $40 million. This successful collaboration involved numerous stakeholders, including Tesla and Google, and allowed for the use of 100% recycled water while promoting sustainability. This opportunity was a win for everyone involved as it helps each company with sustainability initiatives.    Resources & People Mentioned Tahoe-Reno Industrial Center Switch - Las Vegas Connect with Alise Porto On LinkedIn Alise Porto joined the Switch team in 2015 and has held several key senior management roles, currently serving as Vice President of Sustainability & Strategic Initiatives. As an invaluable member of the Sustainability Team, she is responsible for the oversight of Switch's environmental, social, and governance initiatives (ESG) and implementing sustainable energy and resource management strategies that align with the company's overall policies and goals of being environmentally and socially sustainable, in partnership with the Policy team. In addition, Porto leads Switch's energy procurement strategy and energy resources, including Switch's retail electric provider activities in Texas and various resource management initiatives. She similarly leads the development and execution of special projects associated with business development and innovative sustainable water resource management. Alise received her degree from the University of Nevada Las Vegas and completed the University of California Berkeley Sustainable Capitalism & ESG program. Connect With Smart Energy Decisions https://smartenergydecisions.com   Follow them on LinkedIn Subscribe to Smart Energy Voices If you're interested in participating in the next Smart Energy Decision Event, visit smartenergydecisions.com or email our Community Development team at attend@smartenergydecisions.com

Building solar farms and wind parks is one thing. Plugging them into the grid is another. How does our power system need to change to cope with more renewables?

Sponsored by DeloitteAccording to a recent report from the Solar Energy Industries Association, US solar and storage companies have announced more than $100 billion in private sector investments since the passage of the Inflation Reduction Act in August of 2022. So while there's certainly momentum (and capital) flowing in the right direction for solar, the forecast is not entirely sunny. Daniel Cruise, partner and Head of Renewables at Lium Research, joins the show to discuss which segments of the solar sector are looking bright ... and which segments might have a cloudy future.From DeloittePower, Utilities & Renewables servicesStart charting your decarbonization path todayDiscover what's sustainable, renewable, and possible in the future of energy. Deloitte's Renewable Energy Seminar is back September 27-29, 2023! Register today!Sustainability SmartPod episode featuring Deloitte's John MennelHighlights from Daniel CruiseCurrent trends in the renewables sector - (5:06)Clouds in the forecast for residential solar - (6:46)Utility-scale solar looking bright - (11:36)SOLARSAT insights - (14:11)Battery storage moving slow, but remains crucial - (17:18)Big-picture risks for the renewable sector - (18:09)Daniel's bold predictions - (19:56)More resources from Lium ResearchUtility-scale solar analysis Residential solar analysis Daniel's previous appearance on this podcast Learn more about SOLARSAT from Lium ResearchSign up for the Renewable Energy SmartBriefFollow the show on Twitter @RenewablesPod

In this News Flash: Brookfield plans to invest $30B in Australia. As Phil Totaro explains, Brookfield's partnerships with Envision may bring wind turbine manufacturing to Australia. Pearce Renewables is acquiring Natron Resources which adds engineering services for solar PV and energy storage systems to the Pearce offerings. Cubico is being proffered by the UK's Public Sector Pension Investment Board and the Ontario Teachers' Pension Plan for $6B. Joel Saxum provides insight in Cubico's EBITA multiple and what could lie ahead. Pardalote Consulting - https://www.pardaloteconsulting.comWind Power LAB - https://windpowerlab.comWeather Guard Lightning Tech - www.weatherguardwind.comIntelStor - https://www.intelstor.com Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard's StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes' YouTube channel here. Have a question we can answer on the show? Email us!  News Flash August 21 Allen Hall: I'm Allen Hall and I'm here with Joel Saxum and Phil Totaro. And this is your News Flash. Canadian funds management giant Brookfield plans to invest $30 billion in new renewables and storage assets in Australia. Brookfield aims to take control of Australia's largest energy, utility, Origin Energy, and invest heavily in new renewables and storage projects. The $18.7 billion offer for Origin Energy has been accepted by the board and awaits regulatory approval. Now, Phil, there's a lot. About this acquisition and, and all this transfer of funds that is under the surface. You wanna explain what's actually happening here?  Phil Totaro: Yes. So this is a really exciting and fascinating deal. So it's opening up a door into the Australian market for Invision Energy, which they've never been active in, in that market, certainly in the power generation side of their, their business before. But now that Invision has, you know, a well-established wind turbine manufacturing capability, a well-established battery storage and ev battery manufacturing capability, and they're investigating all kinds of power to x type of applications like hydrogen and green ammonia production. This fits very well. With a company like Brookfield that's looking for, for that type of technology to, to exploit. And a market that, you know, as, as we've talked about on, on the show before Australia's definitely interested in, in trying to cultivate a market for some of these power to X applications like hydrogen and green ammonia for export purposes. So this is all told this package is a very impressive very impressive deal.  Joel Saxum: Yeah. One thing not to miss here is Brookfield staying true to what their business strategy is. Origin that they're buying for that 18.7 billion has a large liquid natural gas business. They're gonna spin that off. They're gonna sell it over to us-based, EIG. While Brookfield is gonna continue on with the utility business and they plan to build 12 gigawatts of new wind, solar, and storage projects by 2030 in Australia. So that's, that's big time for the country of Australia.  Allen Hall: Pearce Renewables division of Pearce Services has acquired Natron Resources, a leading provider of design and engineering services for solar PV and energy storage systems. Natron resources headquartered. The San Francisco Bay Area offers comprehensive electrical, civil and structural engineering services for renewable energy and commercial customers. So Pearce is growing again. Joel?  Joel Saxum: Yeah. Pearce. I mean, we talked with them at ACP. They were great. Great group of guys. Over 2,800 employees over there. So this is gonna broaden their scope into being able to do more design work, right?

OUTLINE of today's show with TIMECODESSo many facets of the Maui fires point to government neglect and malice, but the most attention has been paid to speculation about Directed Energy Weapons (DEW). So let's revisit it again…along with many listeners emails and live comments during the show (2:48) This one thing has the potential to create unaffordable energy bills, poverty, austerity, AND is a massive fire risk that could burn down our homes and land— what is it? (12:10) Everything the people do, like building a deck, is scrutinized in minute detail with permits and inspections. But NOT so with governments reckless restructuring of our infrastructure (28:23)The land confiscation angle: Hawaiian governor's comments, BLM (Bureau of Land Management) destroying property and property rights of ranchers, loggers, miners — and suburban homeowners (51:22)The Grid as an Energy Weapon — Massive Lithium Storage Centers SpreadA necessary component of "renewable" energy grid is storage. But massive uncontrollable fires have already happened in Australia, California, New York, Arizona, in just the last couple of years as these lithium battery storage facilities are rapidly proliferating in the USA especially CA & NY. But rural Tennessee is now in the crosshairs and so will the rest of the country. High cost, low reliability energy and unprecedented fire hazards — the perfect combination to burn us out for the Great Reset. (1:16:53)WATCH Putting Wind Energy (and Renewables) on Trial (1:26:10)Tesla Mega Battery Storage sites are colossal expense and proven uncontrollable FIRE risk. You think EV car fires are bad? Details of fires in California (1:28:56)No better example of Regulatory Capture than this statement about battery storage site from a regulatory agency… (1:42:09)"Smells like glue". Unlike napalm in the morning (to paraphrase "Apocalypse Now") gigantic lithium grid batteries don't smell like victory — except perhaps to the globalists at war with us. Fires at BESS (Battery Energy Storage Sites) in NY (1:48:21)Biden's ATF shutting down a record number of gun stores and FFL without laws or due process — regulatory tyranny. When will we shut down ATF? No Republicans even put it on the list of useless or malicious agencies (2:10:46)California Governor Grabbin' Nuisance wants to amend the Second Amendment. His changes show that HE DOESN'T BELIEVE THEY HAVE AUTHORITY FOR GUN CONTROL NOW (2:26:59) Tennessee's Republican Gov Bill Lee has called a Special Session that begins today as a response to the Nashville Shooting (where the tranny killer's manifesto is still hidden). What's on the Agenda and what is likely to happen? (2:40:11)Brazil goes live with CBDC - "just like that". Don't worry, says the Fed, about "FedNow" — the name doesn't mean they're about to go live with FedCoin CBDC or does it? (2:53:02)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

OUTLINE of today's show with TIMECODES So many facets of the Maui fires point to government neglect and malice, but the most attention has been paid to speculation about Directed Energy Weapons (DEW). So let's revisit it again…along with many listeners emails and live comments during the show (2:48) This one thing has the potential to create unaffordable energy bills, poverty, austerity, AND is a massive fire risk that could burn down our homes and land— what is it? (12:10) Everything the people do, like building a deck, is scrutinized in minute detail with permits and inspections. But NOT so with governments reckless restructuring of our infrastructure (28:23)The land confiscation angle: Hawaiian governor's comments, BLM (Bureau of Land Management) destroying property and property rights of ranchers, loggers, miners — and suburban homeowners (51:22)The Grid as an Energy Weapon — Massive Lithium Storage Centers SpreadA necessary component of "renewable" energy grid is storage. But massive uncontrollable fires have already happened in Australia, California, New York, Arizona, in just the last couple of years as these lithium battery storage facilities are rapidly proliferating in the USA especially CA & NY. But rural Tennessee is now in the crosshairs and so will the rest of the country. High cost, low reliability energy and unprecedented fire hazards — the perfect combination to burn us out for the Great Reset. (1:16:53)WATCH Putting Wind Energy (and Renewables) on Trial (1:26:10)Tesla Mega Battery Storage sites are colossal expense and proven uncontrollable FIRE risk. You think EV car fires are bad? Details of fires in California (1:28:56)No better example of Regulatory Capture than this statement about battery storage site from a regulatory agency… (1:42:09)"Smells like glue". Unlike napalm in the morning (to paraphrase "Apocalypse Now") gigantic lithium grid batteries don't smell like victory — except perhaps to the globalists at war with us. Fires at BESS (Battery Energy Storage Sites) in NY (1:48:21)Biden's ATF shutting down a record number of gun stores and FFL without laws or due process — regulatory tyranny. When will we shut down ATF? No Republicans even put it on the list of useless or malicious agencies (2:10:46)California Governor Grabbin' Nuisance wants to amend the Second Amendment. His changes show that HE DOESN'T BELIEVE THEY HAVE AUTHORITY FOR GUN CONTROL NOW (2:26:59)Tennessee's Republican Gov Bill Lee has called a Special Session that begins today as a response to the Nashville Shooting (where the tranny killer's manifesto is still hidden). What's on the Agenda and what is likely to happen? (2:40:11)Brazil goes live with CBDC - "just like that". Don't worry, says the Fed, about "FedNow" — the name doesn't mean they're about to go live with FedCoin CBDC or does it? (2:53:02)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

Tory Rushton is the Minister of Natural Resources and Renewables. He spoke with Jeff Douglas about the provincial government's stance on the Atlantic Loop project, the province's net-zero goals, and working with the federal government.

Patrick is a former diplomat, policy advisor and business consultant with specialist expertise in climate change, energy, resources, environmental, investment and public policy issues. For almost 20 years he has been at the forefront of Australian climate policy development, advising both sides of politics as a senior member of staff in Federal and State ministerial offices, working for major international energy and resource firms, and the financial sector. He helped establish key parts of Australia's current climate policy framework including the Emissions Reduction Fund and Safeguards mechanism. Patrick commenced his career in the Department of Foreign Affairs and Trade and represented Australia in the Middle East and at international climate change negotiations. Misha and Patrick chat about: The geopolitics of resources and energy. Why new and old minerals are suddenly “critical”. China's determination to dominate the future of energy. The sometimes ugly truth about clean energy inputs and global resource competition. What Australia can do to maximise the economic opportunities. How democracies can work together to ensure reliable supply. See omnystudio.com/listener for privacy information.

Chris Caldwell is on a mission to bring renewal energy to all, even those in remote and isolated regions of the world. As CEO of United Renewables, a leading renewable energy developer and cleantech investor, he has become known as a go-to authority in this space.   In this conversation with Chris, we explored: - His start in developing little turbines with a small team to a globally recognized sector leader. - The team's passion for making a difference in the world's energy transition. - Why building renewables and expanding clean tech, such as carbon capture and storage biological solutions, is very important. - The unfortunate truth that not everyone understands renewables are essential. - His role as host of Conversations on Climate, where he shares how to ethically leverage sustainability to attract new customers, talent, and increase profits.   United Renewables is an established leader in the world of renewable energy. Their primary focus is on the improvement of lives in island communities through the generation of renewable energy. They develop, own, and operate renewable energy sites in the UK, the Republic of Ireland, and the Isle of Man, as well as operating in island communities globally.   Prior to founding United Renewables, Chris was an investment banker and a corporate lawyer. As a part of the transition into entrepreneurship, Chris obtained an MBA from London Business School.   Chris hosts the Conversations on Climate podcast series exploring the wide range of solutions to the global climate crisis through interviews with leading thinkers, researchers, builders, and makers who are tackling the issue of climate change from a range of perspectives.   Connect with Chris:   Website: https://unitedrenewables.co.uk/ LinkedIn: https://www.linkedin.com/in/christopher-caldwell-a8a196/ Podcast YouTube: https://www.youtube.com/@conversationsonclimate/videos   Connect with Allison: LinkedIn: https://www.linkedin.com/in/allisonsummerschicago/ Website: DisruptiveCEONation.com Twitter: @DisruptiveCEO    #futurist #CEO #startup #startupstory #founder #founderstory #business #businesspodcast #podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

The podcast is back after a summer break! This week, Vittoria Bellissimo, President and CEO of the Canadian Renewable Energy Association (CanREA) joins the podcast to discuss the recent developments in Canada's electricity markets. On August 4th the Alberta government announced that Alberta is pausing new approvals for large-scale wind and solar projects for six months. Peter and Jackie asked Vittoria about the industry's reaction to this news and if a pause was required to address the concerns raised by the government, such as the impact on pristine landscapes, reclamation security requirements, and the implications for the reliability of the power grid.  A week later, the Canadian federal government released draft Clean Electricity Regulations. The policy aims to create a net zero electricity system in Canada by 2035.  Starting in 2025, the draft rules require all new power generation assets to have low emissions (limit of 30 tonnes of CO2/GWh) by 2035. Natural gas generation is permitted if the emissions are captured or if the facility is used for short periods or in emergencies.  Natural gas power plants built before 2025 can continue to operate with unabated emissions until they are 20 years old. Peter and Jackie discuss the draft policy, including the negative response from provinces with high-emitting power systems, including Alberta and Saskatchewan. Content referenced on this podcast: Canada's Draft Clean Electricity Regulation (released August 10, 2023) Electricity Transformation Canada Conference is being held October 23-25 in Calgary  Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media:X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research InstituteInstagram: @arcenergyresearchinstituteYouTube: @arcenergyresearchinstitute9600Subscribe to ARC Energy Ideas PodcastApple PodcastsGoogle podcastsAmazon musicSpotify

The following is the entire conversation from our episode "Forging Alliances for Climate Action: A Conversation with Sierra Club's Ben Jealous."  Please show your appreciation for our dedication to bringing you coverage on movements by becoming a sustaining member go to https://LauraFlanders.org/donate  Monthly supporters receive early releases of our full uncut conversations.  Thank you for your continued support! In this enlightening conversation on climate change, Laura Flanders sits down with Ben Jealous, the dynamic leader of the Sierra Club, to discuss the pressing challenges and opportunities in the realm of climate change news. As we navigate the climate crisis in 2023, Jealous delves deep into the Sierra Club's transformative journey, shedding light on its historical figures and the organization's evolution towards inclusivity and environmental justice.Drawing from personal narratives and the ongoing climate change debate, Jealous shares the inspiring story of his ancestor, Edward David Bland, emphasizing the power of collaboration across racial and political divides in the face of global warming. The conversation also touches upon recent environmental incidents like the chemical train derailment in East Palestine, Ohio, underscoring the disparities in media attention and within our world news.Jealous passionately speaks about the Sierra Club's innovative efforts, from wilderness outings to urban "Toxic Tours," highlighting the organization's commitment to connecting people with both nature and pressing urban environmental issues. This episode highlights the broader environmental movement's need to resonate with a diverse audience, offering solutions that not only address the climate crisis but also promise economic benefits and social change.Laura concludes the conversation with insightful commentary on the environmental challenges that the Biden administration is facing, spotlighting the Southeast Alaska Sustainability Strategy (SASS) as a beacon of hope for sustainability.Join us for a deep dive into the world of environmental activism, the challenges we face, and the collaborative solutions that promise a greener, more equitable future in the face of the climate crisis.“. . . We've got to show up to the American people with a vision that says we can build a better economy that lifts all boats. We have the technology, we have the resources, we have the demand, we have the will.” - Ben Jealous Guest:  Ben Jealous: Executive Director, Sierra Club Full Episode Notes are located HERE.  They include related episodes, articles, and more.Music Included:    "In and Out" and "Steppin" by Podington Bear FOLLOW The Laura Flanders ShowTwitter: twitter.com/thelfshow Facebook: facebook.com/theLFshow Instagram: instagram.com/thelfshow/YouTube:  youtube.com/@thelfshow ACCESSIBILITY - This episode is available with closed captioned by clicking here for our YouTube Channel

Artificial intelligence has captured the interest of the world in recent months, particularly as advances in generative AI continue to push the envelope. In this episode of the Energy Evolution podcast, Hussein Shel, director, chief technologist for energy and utilities at Amazon Web Services, discusses the $100 million Generative AI Innovation Center launched by AWS. The program aims to help enterprises develop and experiment with generative AI. Energy Evolution co-host Taylor Kuykendall asked Shel about using artificial intelligence to optimize energy production. Energy Evolution co-hosts Dan Testa and Taylor Kuykendall are veteran journalists with broad expertise covering the energy and mining sectors. In addition, Camellia Moors and Camilla Naschert, reporters who write about mining and power issues, are correspondents for Energy Evolution and regularly contribute to the show. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes! We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Scaling up many of the low carbon solutions that will help to decarbonize our world need extensive investment along with support in the form of access to market. Who better than incumbent energy companies to do this? They have balance sheets, established supply chains across the entire value chain of energy, social reputations and beyond. Ecopetrol is leading the way and setting a great example. They were the first energy company to announce roadmap to lower carbon intensity and emissions by 2040. Join in on my conversation with the Vice President of Low Carbon Solutions, Yeimy Baez and learn a little more on what exactly that roadmap entails. Ecopetrol https://www.ecopetrol.com.co/wps/portalYeimy Baezhttps://www.linkedin.com/in/yeimyb%C3%A1ez/Yeimy's Book Recommendation Love in the time of cholera by Gabriel Garcia Marquez CORE Knowledge https://www.linkedin.com/company/core-geothermal/Nick Cestari https://www.linkedin.com/in/nick-cestari-48059268/

August 9, 2023 - New York State Energy Research & Development Authority President & CEO Doreen Harris provides an update on the state's transition to green energy, including the third solicitation of offshore wind projects and the rising costs facing projects in the state's renewable energy pipeline.

The world is in a state of flux when it comes to energy production. Australian coal is being bought up by China as fast as it can be mined, Europe is coming to terms with Russian gas supplies being a bargaining chip in international politics, and the US is grappling with how to produce more energy whilst meeting green targets and keeping people in mining areas employed. It's a tough balancing act. So how can countries realistically become more energy independent in a sustainable way with the tech that's viable today? This is the first of a two part special. Next time we'll be looking at how to make the most of the energy we already have.We start off by meeting Doug Kothe, a Nuclear Scientist who, until recently, headed up the Exascale computing team at the Oak Ridge National Laboratory in the US. He's hugely excited by recent developments in the field, but is also a realist who understands that Fusion energy is still a way off being commercially viable and scaleable. So what are the alternatives? Professor Patricia Thornley from Aston University is Director of the Energy & Bioproducts Research Institute. They look at the energy potential of waste biomass - sewage and agricultural by-products - to provide not only electricity, but also materials such as plastics, and fuels such as gasoline, diesel and even jet fuel and hydrogen. Their research shows enormous promise -  up to 45% of the UK's energy needs could be provided in a carbon-neutral or even net negative way simply by processing agri-waste. In many parts of the world, close to 100% is achievable. But what about countries where land is at a premium? There's alternatives here, too. Carnegie Clean Energy is an Australian-based engineering firm who are perfecting their CETO wave-generation technology. They use submerged bouys pulling on cords to generate energy in an environmentally non-destructive way. As Carnegie CEO Jonathan Fievez explains, the difference in their technology is that the generators can pull on their own cords to raise, lower or angle themselves. That lets them both generate more electricity, and protect themselves from the bad weather and turbulent seas which have traditionally made the tech difficult to implement commercially. They do this via an ingenious AI tool called reinforcement learning, whereby an AI learns to control the bouys by being rewarded for the amount of energy they generate. Testing is currently ongoing, but early results suggest a 20-40% performance improvement with less wear and tear, which could be a lifeline for remote and island communities currently relying on diesel generators. Driving this AI technology is Hewlett Packard Enterprise Labs, who have been working in partnership with Carnegie. Christian Temporale and Maria Ridruejo have been implementing the project for HPE, and are excited by the progress that's been made. They believe that machine learning techniques such as this could make significant improvements in other technologies, such as 'smart' wind turbines, and developing better forms of solar panels.

Lewis Lix loved the oil industry but he grew weary of the boom and bust cycles and being away from his family all the time. After one false start and a great deal of discussion with his family, he eventually enrolled in the 2-year NAIT Alternative Energy Program in Edmonton, Alberta. This is the story of his long and winding journey and where he wound up. GreenEnergyFutures.ca CKUA.com Podcast

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It's now August and we finally have a good set of China's 1H economic and energy statistics to parse, and it looks like a bit of a mixed bag. While economic growth has been notably weak, energy demand has held up somewhat better. Meanwhile, in the power sector, there is a supply-side push underway across […] The post OIES Podcast – 1H China data: a mixed bag of weaker economic growth and stronger renewables appeared first on Oxford Institute for Energy Studies.

In this Energy Evolution episode, we talk about how renewable energy resources played a critical role in supporting Texas' electricity grid during a recent heat wave. Our guests discuss the importance of a mix of renewable energy sources, battery storage, and reforms that will support developers and make it easier to develop renewable energy projects. Our hosts are joined by Katya Ghosh, a business strategist at Kayrros, who used satellite imagery to forecast and monitor the progress of solar capacity additions in Texas. They also talk to Michael Lee, the CEO of Octopus Energy, and Devrim Celal, the CEO of KrakenFlex, about the importance of demand response programs, which incentivize customers to reduce their energy consumption during periods of high demand and high energy prices. Energy Evolution co-hosts Dan Testa and Taylor Kuykendall are veteran journalists with broad expertise covering the energy and mining sectors. In addition, Camellia Moors and Camilla Naschert, reporters who write about mining and power issues, are correspondents for Energy Evolution and regularly contribute to the show. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes! We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

The Joint Venture: inspiratia insightsThe team look over the past week of news and give their views on market trends in the energy sectorIn returning episode, we kick off a new series by bringing you up to date on several exclusive stories secured by inspiratia over the summer. This includes, from the world of funds, details on Macquarie's Green Investment Group's new open-ended fund, the imminent close of the Gresham House BSIF II, and insights from DIF Capital Partners.   We look over a challenging few stories from Vattenfall, who are facing setbacks at home and in the UK in the offshore space, and consider what's driving new divestments from Horensea 2 transmission assets. Also, in this episode, we take a tour through inspiraita's latest set of analysis pieces and see how trends in nuclear, domestic heating, and CCUS policies are all realigning along 'energy security' lines and deemphasising net-zero goals. And finally, we bring you up to date on the winners from inspiratia's league tables and offer a sneak peek at some of our own projects in the works.Hosted by:Oliver Carr - Lead AnalystDila Cebeci - AnalystAshkenaz Al - Reporter Ashley Marzimin - Data Analyst Further reading:Offshore:inspiratia > Renewables > Europe > UK > Market Insight > The rise of qualitative auctions inspiratia > Renewables > Europe > Denmark > Market Insight > Battered Blades: The Rising Storm of Wind Turbine Failuresinspiratia > Renewables > Europe > UK > Market Insight > What makes developers comfortable with merchant operations?Q&A: inspiratia > Renewables > Europe > Market Insight > Q&A - DIF Capital Partners: Attractive returns from 'vanilla' assetsCCUS: inspiratia > Renewables > Europe > UK > Market Insight > CCUS: A game changing technology or greenwashing?Reach out to us at: podcasts@inspiratia.comFind all of our latest news and analysis by subscribing to inspiratiaListen to all our episodes on Apple Podcasts, Spotify, and other providers.

Cesar Vargas, senior executive, structured finance and infrastructure at CAF – Development Bank of Latin America, joins Sarah Devine and Rebecca Abou-Chedid for a conversation about clean transportation and e-mobility in Latin America. We discuss the current landscape of Latin America's transportation infrastructure from a climate impact perspective and efforts to develop and finance low carbon transport and infrastructure projects. We also discuss CAF's energy transition agenda and explore successes and challenges to advancing “green” mobility in the region.

Today, we're looking at Alberta's decision to take a six month pause on approvals of renewable energy projects, citing rural and environmental concerns. Plus, Conservative Leader Pierre Poilievre is surging in the polls. Could an election be on the horizon or will Trudeau hold onto power, backed by Jagmeet Singh's NDP. And finally, it doesn't look like record immigration to Canada will be slowing down any time soon, so does this mean the housing crisis is only going to get worse?

A couple of years ago, China set an ambitious goal for renewable energy capacity – which includes wind, solar, hydroelectric, and nuclear power – for it to exceed fossil fuel capacity by 2025.  According to a recent report by Reuters, China has hit this goal two years ahead of schedule.  Renewables now make up 50.9% […]

Economy, planet, markets and you    Welcome fellow energy explorers! In this episode of “2050 Investors” we're embarking on a wild and thrilling adventure into the world of energy. Why is the energy transition taking so long? And what awaits us when we eventually deplete our energy reserves?  Kokou Agbo-Bloua addresses all your energy concerns. Learn about the intriguing concept of energy density and its significance in our quest to find sustainable energy sources.  Later in this investigation, Kokou invites Irene Himona, Societe Generale's Oil & Gas equity research analyst, to explain the strategic approaches energy companies are adopting amidst this transformative era. Could we be heading towards an energy bipolar world?  Get ready for some electric insights into the future of energy! “2050 Investors” offers an investigation into tomorrow's economic and market mega-trends, ahead of 2050's global sustainability targets. Sourcing information directly from market practitioners, the financial press, research reports, the podcast provides you with insights from all around the globe. New episodes monthly: please subscribe, leave comments and spread the word! Credits: Presenter & Writer: Kokou Agbo-Bloua. Editor: Vincent Nickelsen, Jovaney Ashman. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer : Fanny Giniès. Sound Director: Marc Valenduc. Music: Rone. Graphic Design: Cédric Cazaly. Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.  

In EcoNet News, Volume 25, Issue #7, Ted puts China's renewable revolution in perspective. He also highlights the U.S. EV charging networks, celebrates clean energy job growth, and shares some renewable energy news from around the world. There are stories on the Volkswagen Group commissioning a major solar installation in France, the EPA's rating of most efficient cars in 2023, and wind updates out of China and Sweden, as well as global wind capacity breaking record - 1 terawatt, or 1,000 gigawatts, or 1 million megawatts, or one billion kilowatt of wind capacity globally!

Welcome back our little green chicken friend, otherwise known as Doomberg. Doomberg talks about their habit of doom-scrolling - searching for the next area of impending disaster. Defensive pessimism is discussed in relation to being prepared. With so much 'noise' out there, they have to find a way to stand out, and have opted for writing detailed pieces, which are distributed through a subscription model. The rise of the Degrowth Movement, which is incongruent with capitalism and efficiency, is an example of how 'green is the new red'. This 'programmed socialism' wants to shrink the economy, as can be seen at the Degrowth conference, where 18 hours of intense debates present ideas like blackouts being intentionally accepted as normal and beneficial. The levels of propoganda are staggering. We are slowly heading towards a centralized, Maoist/Stalinesque level of control. The resistance against nuclear energy continues, despite the two being worlds apart. Millions of people live near hydroelectric dams without too much concern for safety; however, nuclear is viewed on a completely different level. Thankfully, this trend is changing, and nuclear technology is a necessary component for providing cheap, reliable power. A great example of this is Ontario, which has repealed its inefficient green energy policy to embrace nuclear energy. Canada is well-equipped with the knowledge and skills to become a world leader in this field. Europe was lucky last winter, but this winter may be different, as they take a lot of risks. Wind generation is generally experimental and difficult to implement on a large-scale, due to failure rates which have been higher than expected. Finally, Doomy considers the importance of having a second passport and financial diversification. Time Stamp References:0:00 - Introduction0:43 - Pivotal Moments?6:22 - The Degrowth Movement11:57 - Alien Concepts14:11 - Resistance to Nuclear18:06 - Pitching Nuclear RFK20:55 - Ontario & Nuclear24:55 - Renewables & Politics28:54 - European Gas Reserves30:04 - Wind Energy & Failures33:30 - Practical Renewables35:03 - EROI & Nuclear?36:53 - The Hydrogen Cycle40:52 - Heat Pump Mandates42:18 - BRICS & New Currency45:19 - Doomberg's Role47:56 - A Second Passport?50:05 - Bank Risk & Politics55:33 - Crypto & Energy58:55 - The Bonus Question1:00:36 - Wrap Up Talking Points From This Episode Doom scrolling is searching for the next area of impending disaster, and Doomberg is fighting through the noise with detailed pieces distributed in a subscription model. How the Degrowth movement is pushing Western nations towards programmed socialism. Nuclear energy has advantages but has been met with a lot of resistance, but luckily, some areas like Ontario are continuing to embrace it. Financial diversification and having a second passport are key elements in being financially prepared for disasters. Guest Links:Twitter: https://twitter.com/DoombergTWebsite: https://doomberg.substack.comBeyondGrowth - AKA DeGrowth: https://www.youtube.com/watch?v=8Jpe4HVGJsI Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity, and finance to deliver innovative thinking and clarity to complex problems.

On Today's Episode: Meghan Gainer, VP of Marketing at DSD Renewables, delves into the multifaceted role of marketing, highlighting its dual function to cater to both the sales team and external customers, and shares her strategy for balancing these obligations.Gainer emphasizes the importance of a customer-first approach and building a brand from the ground up. She also shares her experience with renowned corporations like Comcast, SunEdison, and Tesla, providing listeners with a roadmap on how curiosity and embracing challenges can bolster personal and professional growth.Listeners will gain insight into Gainer's hiring considerations, learning that she highly values quick adaptability and the ability to articulate one's career trajectory. Moreover, Gainer discloses her effective strategy for managing brand perceptions both within and outside DSD Renewables. Her unique approach to managing marketing agencies as integrated parts of her team, rather than as separate entities, also provides valuable lessons for budding and established marketers alike. She has gleaned priceless experience from years working in the trenches at major Corporate brands, most recently at GE, before lending her credentials and savvy to building the DSD Renewables brand.This episode serves as a comprehensive guide, encompassing various aspects of marketing, with tips, strategies, and personal experiences shared by one of the industry's leading professionals to help you in your career journey. And if you missed Meghan's full Executive Profile on the podcast, well, you can go back and listen to it here.https://mysuncast.com/suncast-episodes/338 If you want to connect with today's guest(s), you'll find links to their contact info in the show notes on the blog at https://mysuncast.com/suncast-episodes/.SunCast is presented by Sungrow, the world's most bankable inverter brand.You can learn more about all the sponsors who help make this show free for you at www.mysuncast.com/sponsors.Remember, you can always find resources, learn more about today's guest(s) and explore recommendations, book links, and more than 616 other founder stories and startup advice at www.mysuncast.com.You can connect with me, Nico Johnson, on:Twitter - https://www.twitter.com/nicomeoLinkedIn - https://www.linkedin.com/in/nickalus

Walls, Bridges & Dilemmas in the Energy Transition with Eirik Waerness Eirik Waerness, Chief Economist of Equinor, the global energy major, joins us to discuss their Energy Perspectives 2023-  an independent scenario analysis describing the development paths up to 2050 for the world economy, energy markets and energy-related greenhouse gas emissions. What are the blockages, accelerators and dilemmas the world faces in trying to hit 2050 goals? Have we already blown past 1.5c?  A clear-eyed, sobering look at the challenges the world faces in reducing greenhouse emissions and the solutions needed 

Long-distance electric transmission lines are a critical to the energy transition, yet construction of new lines has come to a near standstill in the U.S. Rob Gramlich of Grid Strategies discusses recent market and regulatory action to resurrect transmission development. --- Electric transmission line mileage will need to triple by the middle of this century to make a net-zero carbon grid a reality, according to estimates cited by the U.S. Department of Energy. Yet new transmission development has plummeted over the past decade, while efforts to spur new construction of long-distance power lines have largely come up short. Rob Gramlich, president of power sector consultancy Grid Strategies and a frequent expert witness on grid issues before Congress, discusses transmission's critical role in making the grid of the future clean and reliable, and the reasons behind the development slowdown. He reviews the results of a recent report card analysis of transmission development activity across the country, and highlights efforts among grid operators and regulators to incentivize new development. Rob Gramlich is president of power sector consultancy Grid Strategies. Related Content Energy Transition Puts Grid Reliability to the Test https://kleinmanenergy.upenn.edu/podcast/energy-transition-puts-grid-reliability-to-the-test/ The Prospects for Pennsylvania as a RGGI Member https://kleinmanenergy.upenn.edu/research/publications/the-prospects-for-pennsylvania-as-a-rggi-member/ Wholesale Electricity Justice https://kleinmanenergy.upenn.edu/research/publications/wholesale-electricity-justice/   Energy Policy Now is produced by The Kleinman Center for Energy Policy at the University of Pennsylvania. For all things energy policy, visit kleinmanenergy.upenn.eduSee omnystudio.com/listener for privacy information.

The PJM Interconnection, the nation's largest electricity grid operator, is working to alleviate a logjam of renewable projects waiting to be connected to its system, while also warning in a recent analysis that thermal generation retirements could outpace these new intermittent resource replacements. Darren Sweeney, a senior reporter at S&P Global Commodity Insights, joined Energy Evolution for this episode to share interviews with James Wilson, an economist who has critiqued PJM's energy transition analysis, along with Sierra Club senior attorney Casey Roberts and Todd Snitchler, president and CEO of the Electric Power Supply Association.  Energy Evolution co-hosts Dan Testa and Taylor Kuykendall are veteran journalists with broad expertise covering the energy and mining sectors. In addition, Camellia Moors and Camilla Naschert, reporters who write about mining and power issues, are correspondents for Energy Evolution and regularly contribute to the show. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes! We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Get our newsletter free here or text “GRE” to 66866. Higher interest rates are cracking the economy—failing banks and failing commercial RE loans. With many expecting rates to go much higher, what else will break? Keith Weinhold, the host of the Get Rich Education podcast, discusses the current state of interest rates and their potential future trajectory.  Jim Rogers, legendary investor with an estimated $300M net worth, returns. He shares his insights on interest rates and inflation.  We discuss the impact of inflation on various asset classes, including real estate, and the potential for higher interest rates in the future.  The conversation also touches on topics such as agricultural real estate, the oil market, central bank digital currencies, and the role of gold and bitcoin as alternative forms of wealth storage.  Overall, the episode provides valuable insights into the current economic landscape and its implications for investors. Title [00:01:56] Introduction and overview of the current state of interest rates and market distortions. Title [00:05:03] Discussion on the unpredictability of interest rate predictions and the acknowledgment of inflation by Jerome Powell. Title [00:08:28] Explanation of the historical trend of interest rates, the recent rise in rates, and predictions for future rate movements. Title [00:12:09] Jim Rogers on Borrowing Money and Interest Rates Discussion on the benefits of borrowing money at low interest rates and the prediction of interest rates going higher. Title [00:14:27] Jerome Powell and the Possibility of a Soft Landing Questioning whether Jerome Powell can raise interest rates enough to control inflation without causing an economic crash. Title [00:18:41] Inflation, Interest Rates, and Real Estate Exploring the impact of inflation and interest rates on real estate investments and the potential risks for property owners. Topic 1: Agricultural Real Estate [00:22:21] Discussion on the opportunities in agricultural real estate due to erratic weather patterns and reduced yields in various crops. Topic 2: Oil Market [00:24:16] Conversation about the current state of the oil market, the decline in known reserves, and the potential for higher energy prices. Topic 3: Central Bank Digital Currencies (CBDCs) [00:26:04] Exploration of the proliferation of CBDCs and the implications of a digital currency controlled by central authorities, including potential restrictions on spending and increased government control. Title [00:32:06] History of Money and Gold Standard Discussion on the different forms of money throughout history and the transition from silver to gold as the basis for the US currency. Title [00:32:47] The Diminishing Value of the Dollar The prediction that the value of the dollar will continue to diminish over time and the suggestion to invest in real estate instead of saving in dollars. Title [00:33:33] Invest in What You Know Advice for investors to only invest in what they know about and not rely on advice from others, emphasizing the importance of knowledge and understanding in investment decisions. Resources mentioned: Show Notes: www.GetRichEducation.com/457 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Interest rates rose fast last year, but a lot of experts think that they're going to go substantially higher from today's level, including our guest today, who is a legendary investor. How much higher will rates go and what's driving them higher today on get rich education.   Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing.   Speaker 1 (00:01:10) - Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Speaker 1 (00:01:56) - Welcome to GRE! From Mount Washington, New Hampshire to Mount Whitney, California, and across 188 nations worldwide. I'm Keith Whitefield and you are listening to Get Rich Education. Hey, it's great to have you back. Interest rates are not high today. They're just moderate by historic standards. But of course, the rapid rate of increases last year was faster than it's ever been in our lives. And that's what introduces market distortions. Today's guest is going to talk about that with us later. That's the legendary Jim Rogers. And it's public information that he has an estimated $300 million net worth. When Jim talks, people listen. When he was here with us in 2019, he was emphatic that interest rates were going to go much higher.   Speaker 1 (00:02:43) - He was completely correct. And few others were saying that then. In fact, when he's with us here shortly, all recite the interest rate quote that he stated here on this show back then and get his forecast from this point on as well before discussing interest rates a quarter recently ended. So let's whip around the asset classes as we do here at times, because you need to be able to compare real estate with other investments. The first half of this year, the S&P 500 was up a fat 17%. I'm just running to the nearest whole percent here. The tech heavy Nasdaq index had its best first half of the year in four decades. Gold was up 6%. Oil was down 34%. Bitcoin up an astounding 84% the first six months of the year. And that's partly because it really bottomed out near the beginning of this year per Freddie Mac. The 30 year fixed mortgage began the year at 6.5%, and now it's up to 6.7 for real estate. Since it lags, we've got a realtor.com year over year figure.   Speaker 1 (00:03:48) - The median listing price was up 1% to 440 K financial institutions aced their Fed stress test that they call it that measures how banks are holding up during a downturn. Q1 GDP was revised way higher than they previously calculated, so the economy is doing even better than many thought. And the number of Americans that are filing for new unemployment claims that fell the most in 20 months. So therefore, the economy is still hot by a lot of measures. Well, that puts more upward pressure on interest rates. Well, an interest rate that can be thought of as your cost of money, and they can even affect factors beyond the economic world. For example, in demographics, I mean, historically high interest rates, they've actually been a mild impediment to people's very migration and mobility. Understand the Fed's interest rate predictions and really all of their predictions have been awful, just awful. A long line of them. Fed Chair Jerome Powell's inflation is transitory. I mean, this is the latest notable one. He said that in 2021.   Speaker 1 (00:05:03) - I mean, though, look on your phones weather app, you don't trust the weather forecast ten days into the future. So I don't know why we would listen so intently, even reverentially to what the Fed economists predict for the next month or the next year. I mean, the economy can have as many or more variables than the weather. I'm going to assume. And these people know nothing Volcker, Greenspan, Bernanke, Yellen, Powell. They know nothing but see, they act like they know. So I just sort of wish they'd say we don't know more often. And by the way, this is why I do not predict interest rates like virtually everyone else. I know nothing on that. I joke around and I say I will let someone else be wrong and go ahead and predict interest rates. It's really hard to do now. A little credit to Jerome Powell later on, though, he did acknowledge that they ought to stop calling inflation transitory. So I think the word transitory has different meanings to different people.   Speaker 1 (00:06:08) - To many, it carries.   Speaker 3 (00:06:09) - A time, a sense of of short lived. We tend to to to use it to mean that that it won't leave a permanent mark in the form of higher inflation. I think it's it's probably a good time to retire that that word and try to explain more clearly what we mean.   Speaker 1 (00:06:26) - Another credit to Powell in today's Fed is that they'll tell you what interest rate decisions they plan to make at upcoming meetings, which is certainly a welcome departure from the opaque Alan Greenspan where you needed to try to translate his Fed speak. So if the Fed rate goes higher, then you can generally expect other rates to go higher. The prime rate mortgage rates, credit card interest rates, automobile loans and more. Jim Grant. Who's been running the interest rate observer since 1983. He recently said that we are embarking into a long era of higher interest rates. He says that that's due to inflation and asset price speculation and of course rates wouldn't move up in some sort of straight line from here. During recessions, interest rates fall.   Speaker 1 (00:07:14) - Well, in that case, if you had recessions during a longer term up spell, where you'd have is higher interest rate lows in a recession. Now, starting in 1958, something strange happened in America. In a recession, prices did not fall into many. This marked the beginning of the age of inflation. That was 65 years ago. So you're pretty used to that. If there is a recession, prices don't fall. All right. Well, after that period, rates went up, up, up until they peaked in 1981. And then they went down. Rates fell from 1981 until 2021, and now they have begun to rise again. Well, because artificially low rates that were set to deal with Covid, because they're still recent, I mean, many people have this sort of muscle memory of zero zero interest rate policy. Maybe you do, too. And it was an all you can eat buffet table of credit. And that buffet table was open for business for ten years. Well, now that we've hiked up the Fed funds rate from 0 to 5%.   Speaker 1 (00:08:28) - All right. Well, back on June 28th, Powell said that more restrictive policy is still the COB because they're continuing to fight inflation. And that includes the likelihood of quarter point interest rate hikes at consecutive meetings and two or more increases by the end of this year. Now, our frequent macro economist contributor here on the show, Richard Duncan. He says there is an unusual divergence between weak credit growth and solid economic growth. And that was probably brought about by the surge in savings from people's government checks during the pandemic. Well, if that divergence persists, then the Fed might have to raise rates even more than the half percent plus that they suggested is necessary by the end of this year. And Duncan says that the stock market is not prepared for the Fed rate to go from 5% today up to 6%. And if it does, the stock market could be in for a painful correction in the months ahead. Now, to my point about interest rates being hard to predict, some economists think that rates will generally fall after this year as well.   Speaker 1 (00:09:34) - So some people see it that way, but I think there are more now predicting that they will rise rather than fall. As the legendary investor that predicted that interest rates were going to go way higher when he was back here with us in 2019 is he joins us soon. We could have some challenging audio quality on this remote to Singapore, but people really hang on what Jim has to say. That's next. I'm Keith Wild. You're listening to episode 457 of Get Rich Education. 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Hi, this is Russell Gray, co-host of the Real Estate Guys radio show. And you're listening to Get Rich Education with Keith Reinhold. Don't Quit Your Day Dreams. Today's guest is one of the most esteemed celebrated and legendary business moguls, investors and financial commentators of our time. He co-founded the Quantum Fund, one of the world's first truly global funds. He's created his own commodities index, his own ETF, and he is a popular author of a great many books. Welcome back. For your third appearance on Jim Rogers case. There's no reason to go into all that. I'm just a simple Earth. That's why people like listening to you, because you rather plain spoken on what some people deem to be some pretty complex concepts.   Speaker 1 (00:12:09) - So it's good to have you here joining remotely from where you live in Singapore. You were here with us in both 2019 and 2021 and in 2019 here on the show you said and I've got the quote right here, if you can borrow a lot of money for a long period of time at low interest rates, rush out and do it right now, That's what you said. That was prescient. And also in 2019 here on the show, you said, and I quote again, interest rates are going to go much, much, much higher over the next few decades and it is going to ruin a lot of people. And here we are today. So what are your thoughts with regard to interest rates and inflation here? Jim.   Speaker 4 (00:12:52) - You make many mistake. Please. It's made many, many mistakes and I'm sure hope I live long enough to make many, many more mistakes. Yes, interest rates are up. They're up substantially. It sent them, but it is not over yet. Interest rates will go much, much higher because we have friend, not just we, but central banks everywhere have printed huge amounts of money.   Speaker 4 (00:13:17) - And whenever you print lots of money, inflation, college interest rates go higher and the usual amount of money inflation gets very high. And that always leads to central banks having to raise interest rates too high level because they don't know what else to do. In 1980, before you were born, interest rates on central US government Treasury bills, 90 day Treasury bills, interest rates were over 21%. Gosh, that's not a typo. 21% because inflation was out of control and we had to take drastic measures, which meant you have to do something like that again.   Speaker 1 (00:13:58) - That would be interesting. So to bring us up to where we are right now, the federal funds rate is basically gone from 0 to 5% since last year. Mortgage rates rose from 3% to 7% just last year alone. And a lot of nations are jacking up interest rates. Turkey just decided that they are going to raise interest rates 6.5% all at once. And some people don't think that is enough. So here we are. I mean, you talked about what happened about 40 years ago.   Speaker 1 (00:14:27) - Can Jerome Powell engineer a soft landing? Does he have any chance of doing that where he can raise rates enough to quell inflation but yet not crash the economy?   Speaker 4 (00:14:37) - No, of course not. First of all, in 1980, America was still a creditor nation. Now with the largest detonation in the history of the world. Yeah, that's staggering. And they go up every week, and the amount of money that's been printed is beyond comprehension. I don't know how they can solve this problem without really getting drastic and taking interest rates to very high levels back in 1980. The Federal Reserve had the support of the president. The president told him to do whatever you have to do because the head of the central bank was all over. It was a smart man. He knew what he had to do, but he made sure he had political support before he did it. Now, the president did not get reelected because Volcker did what had to be done. We don't have as smart a central bank head now as we did then.   Speaker 4 (00:15:31) - And the amount of money that's been printed is overwhelming. And America's debt with the largest detonation in the history of the world and we were a creditor then. So there are things that are different. So he would be worried if I were you. In fact, I am worried, so I'll leave it to you. But I'm more.   Speaker 1 (00:15:50) - Well, that's right. Carter was a one term president. We'll see if Jerome Powell ends up breaking too many things. If Biden only ends up being a one term president, then as well, whether it's his fault or not, oftentimes the onus could fall on him. You bring up all this debt, the greatest detonation in the history of the world. And maybe the first time you and I spoke back in 2019, I don't know what our debt was then. Maybe it was 25 trillion. Now it's more than $32 trillion. Maybe just as concerning. More our debt to GDP ratio is about 121%. So I guess really what I'm getting at, Jim, is how will we know that things break and things are already breaking in a world of higher interest rates with failing banks and more stress in the commercial real estate market.   Speaker 1 (00:16:37) - So what else is going to break?   Speaker 4 (00:16:40) - Jimmy Carter did say to go do whatever you have to do and I will go you. I doubt Biden would say to the central bank, do whatever you have to do without or you. And I doubt if the central bank Powell, the head of the central bank, now really comprehend what he's gotten us into. You know, he kept saying all along, oh, don't worry, everything is under control. The secretary of the Treasury, Janet Yellen, he's got Ivy League degrees, also kept saying, don't worry, everything is under control. We know what we're doing. We do have different people this time, not many Paul Volcker's that comes along in history. To me, the indications are going to get worse. They will not solve the problem until we have a very, very serious problem. I'm not optimistic. Having said that, if I'm not selling short or anything else at the moment, I'm worried about the markets in a year or two. But at the moment, since nobody seems to understand what they're doing at the Reserve or in the presidency, we can have okay times for a while, but the ultimate problem gets worse and worse and worse unless you deal with it.   Speaker 1 (00:17:56) - I don't know whether the economy has been slowed down enough yet or not. So in the midst of higher interest rates, we continue to create an awful lot of jobs. But there's a greater body of work that shows a lot of these jobs are just jobs that have recovered, that were lost in the pandemic.   Speaker 4 (00:18:13) - The economy is not bad in the US, economy is still strong. You mentioned office. You'll have a lot of jobs. ET cetera. Yes, we have inflation, but inflation is not as bad as it was in the 70s. And you look out the window and everything seems okay. At the moment. I'm just worried about what's coming down the road because I know that some throughout history, if you print a huge amount of money, you create big problems.   Speaker 1 (00:18:41) - We are avid real estate investors here directly investing in real estate. And as we have this chat about inflation and interest rates is real estate investors, ideally we would have low interest rates and high inflation. However, those two are positively correlated.   Speaker 1 (00:18:57) - You typically have both high interest rates and high inflation or low interest rates in low inflation. That positive correlation.   Speaker 4 (00:19:05) - Inflation always in the history has led to higher interest rates for a variety of reasons, which I'm sure you understand. If history is any guide, interest rates are going to go much, much higher eventually. And then you know very well I interest rates are not good for property, not good for real estate investors. They never have that. Even if you don't have any big debt and you don't have that problem or mortgage problems or anything, maybe your neighbors do. And if your neighbors have problems, that means their property prices will go down and that's going to affect you because you're nearby and everybody will say, oh, that property is collapsing. What about teeth? And teeth can say, Oh, no, don't worry about me. I don't have any debt. They'll say, okay, you don't have any debt, but we can buy property in your neighborhood. Very cheap because your neighbors have problems.   Speaker 4 (00:20:06) - That gives you a problem.   Speaker 1 (00:20:08) - That's right. Fortunately, Americans have plenty of protective equity in their properties despite these higher rates. You know, residential real estate here in the second half of 2023 is still doing just fine, probably because there's still a scarce supply of residential real estate. You've got more people working from home driving demand for residential real estate. But of course, office real estate has probably been hit the worst, crunched by high interest rates and the work from home trend both. So really that's where we've seen so many of the cracks in the real estate world, especially around the office space. Where else might we see cracks as interest rates continue to go higher like you think they will?   Speaker 4 (00:20:46) - Well, again, throughout history, when interest rates go higher and it attracts investors and money and people take their money out of property or stocks or whatever with their money and say yielding is you can buy the Treasury bills at 21%. That's attractive to a lot of people. And that's, you know, risk free and it's very high return.   Speaker 4 (00:21:12) - So as interest rates go higher in attracts money from other investment classes in other areas, it's very simple. People are not that dumb. We know that if we can get high interest rates safe, they will do it. And we have to take a risk and the stock market or something else for that spike to do.   Speaker 1 (00:21:33) - Sure. Higher rates just incentivize a few more people to be savers as they can now safely get above 4% in these online bank accounts today, where they are getting pretty close to 0% just a couple years ago. We talk about real estate investment. Oftentimes here we talk about improved property on a piece of land. But of course, the more traditional use of real estate is growing crops on a piece of land. And I know you've been a long time agricultural investing enthusiast and a thought leader in agricultural real estate investing. What are your thoughts about agricultural real estate, since in these past few years really we've seen more of these erratic weather patterns that have resulted in things like reduced peach yields in Georgia and reduced ores yields in Florida.   Speaker 1 (00:22:21) - Something else, Jim, we've seen reduced coffee yield in Panama, that last one, that's sort of a fractional ownership investment that we featured on the show here. Fractional ownership investment in coffee farm parcels in Panama. That's created some problems with their yield. Of course, you can see that reflected in the low levels of the Panama Canal as well that looks to threaten the economy. But what are your thoughts about agricultural real estate in this erratic weather that we've had? Perhaps that's an opportunity if that's reflected in lower agricultural real estate prices?   Speaker 4 (00:22:52) - I'm optimistic about agricultural land prices because, you know, for a long time, nobody wants to be a farmer. The average age of farmers in America is 58. The average age in Japan is 66. Mean, I can go on and on. Although the highest rate of bankruptcy in the UK is in agriculture. So agricultural disaster worldwide for a long time and disaster usually leads to great opportunities. If you know how to drive a tractor, if you should go buy yourself some farmland and become a farmer, if you like getting hot and sweaty every day, it can be a very exciting way to live.   Speaker 4 (00:23:38) - I just see I know from history when something gets very bad for a long time, it usually leads to a great opportunity.   Speaker 1 (00:23:48) - Well, you are so experienced in commodities trading in the number one, the most traded commodity in the world is oil. And it seems that the oil price really isn't very high now, especially when you adjust that for all the inflation that we've had the past few years and of course the oil market and the oil price drives the prices of so many other downstream products. So what are your thoughts with regard to the oil market and where we're headed there? Jim.   Speaker 4 (00:24:16) - I know that known reserves of oil have peaked and are in decline just about worldwide. Does it mean it has to continue going up? But unless somebody finds a lot of oil quickly in accessible areas, the price of energy undoubtedly will go higher. The price of energy is going to stay high. Oil and natural gas, whether we like it or not, and I know we don't like it, but unless you wave a magic wand and you know, in Washington, they keep doing things that they don't help the supply of energy, they they damage it because they put restrictions and controls on energy.   Speaker 4 (00:24:55) - So unless something happens somewhere in the world pretty quickly, energy is not going to be cheap.   Speaker 1 (00:25:01) - Renewables like solar and wind may be the future, but oil has a high degree of energy density that a lot of those renewables still don't. We're talking with legendary investor Jim Rogers. He's joining us from Singapore. You talked about all this dollar printing, which has created inflation. And in order for central governments and central banks to get more control over people, discussion with Cbdcs central bank digital currencies has really percolated quite a bit in the past few years here. And with your international perspective, your world view. I'd like to know what your thoughts are on Cbdcs, whether you see a proliferation of it, where you see it starting for those that aren't aware of it. Central bank, digital currencies. That gives a government central control where all money is digital issued by the central authority, where your money can be stored digitally on your phone so that a central authority like a bank or a government can have control over you.   Speaker 1 (00:26:04) - For example, if your local economy is sagging, well, the government could tell you through your cbdc, your central bank, digital currency, for example, that you need to spend 30% of your income within a ten mile radius or else your money expires. Or this would give central authorities power to do something like say, you know, there's a curfew so you can't spend any of your money after 9 p.m. or this is where they could push ESG, environmental, social and governance agendas through targeting your spending or targeting your spending through diversity, equity and inclusion and getting more control that way through Cbdc. So what are your thoughts with the proliferation potentially of Cbdcs, Jim?   Speaker 4 (00:26:44) - We're all going to have digital money in the future, whether we like it or not. It already happened and China's way ahead of it. You can't take a tax in China with money. You have to have your digital money. Your own money. Yeah. And the ice cream in China with money. So it is happening. And nearly every country is working on computer money.   Speaker 4 (00:27:06) - Let's call it whatever you want to put your money. And governments love computer money is cheaper. It's easier. They don't have to transport it all they love. But mainly they love it because they've complete control over all of us. As you point out, they know everything you do. They'll call you up one day and say, Keith, you've had too much coffee this month. Stop drinking so much. Whatever it is, they love control and they love knowledge. I don't, but they do. So this is the world we're coming to. None of us will have money in our pockets except on our own. And yes, that's the new world. It's not far away in 2023. Okay. Anything that's not good for the citizen, Washington will catch up very fast if it's good for them. So no money is coming.   Speaker 1 (00:28:00) - Yeah. Let's hope the cbdcs don't turn up the coffee for anybody. This might make one wonder, you know, what can they do about it is you see more cbdc sentiment building in other nations with them potentially doing something like this.   Speaker 1 (00:28:15) - Is it a smart thing then for someone rather than store dollars, to instead borrow dollars by having loans on real estate? Or is it better to just completely be out of the government system of currency issuance or at least park more of your prosperity outside of the government system of dollars and euros and pesos and riyals and yen, and instead into a non governmental alternative like gold or Bitcoin. Would that be a better path? What are your thoughts there?   Speaker 4 (00:28:44) - When the government says, okay, now this is money, they're not going to say, okay, but if you want to use that money over there, use their money. We don't care. Governments love control and they love Monopoly, especially when it comes to money. So there may be competing types of money that you dollars now anyway. I guess you and I could swap gold coins or seashells or something if we wanted to. Most of the people in the US use government money and that's the way it's going to be. Whether we like it or not, the government has the monopoly.   Speaker 4 (00:29:22) - They have the guns. And if you can say, All right, I'm not going to use government money, I'll say, okay, but you're not going to be able to pay your taxes, then you're money. You're not going to be able to buy a driver's license or pay your other fees with other money. You're going to have to use government approved money.   Speaker 1 (00:29:42) - Well, the government tried to shut down ownership of gold like they did previously or Bitcoin, which would be unprecedented. I'm talking about the United States government, especially in this case or other developed economies.   Speaker 4 (00:29:54) - But when the US took away the right to go in 30s, that was gold was the basis for. Monetary system. It is much, much, much more important to the world economy. Then gold is not that important in the world's economy now. It's important, but so is right. So a lot of stuff. So I doubt if they will take gold away again. I don't see them outlawing digital money currency unless it becomes very successful and competitive to the government.   Speaker 4 (00:30:30) - Then they'll do. They always have.   Speaker 1 (00:30:33) - Bitcoin's market cap is still under $1 trillion, but increasingly you do have more and more politicians that own Bitcoin and there are a few advocates for Bitcoin there in Congress. So if that's the change you want to see, maybe you want to vote in people that are promoting the holding of prosperity outside of US dollars really by being Bitcoin advocates in Congress there. That's one thing that you can possibly do. But we talk about gold and silver. You know, I really like the fact that it is scarce. Just like Bitcoin has scarcity. There will never be more than 21 million Bitcoin. And of course gold and silver have a finite supply.   Speaker 4 (00:31:14) - Well, but first of all, please remember many digital currencies, not Bitcoin, but many have already disappeared and gone to zero.   Speaker 1 (00:31:23) - And there are some Bitcoin critics out there that say something like, well, there have been more than 20,000 cryptocurrencies. So what makes Bitcoin any better? Well, I think the fact that a lot of these cryptocurrencies that have little or no utility or mean coins, so if they come by and then they die, I don't think that should diminish Bitcoin in its utility in any way.   Speaker 1 (00:31:42) - Just like there have been over 20,000 stocks in history. And if a new stock comes by that doesn't have any value or any fundamentals and it fails, it doesn't diminish the market cap leader Apple one bit at all. So I don't think it's a valid comparison to say that just because a new cryptocurrency comes and goes that shouldn't diminish or knock Bitcoin at all, just like it shouldn't Apple, if a flashy new stock comes by and dies?   Speaker 4 (00:32:06) - Well, throughout history, money has come and gone. People use seashells, people use cows, People use lots of things, glass beads all over the world. You know, the US was founded on a silver standard at 1792. Silver was the basis for the US currency that later changed to gold.   Speaker 1 (00:32:27) - What's so interesting, Jim, written in our United States Constitution, it stated that gold and silver shall be money, but of course it's not. In Nixon completely departed the last vestige of that in 1971. Yet there was no amendment written to the Constitution to supersede it.   Speaker 1 (00:32:47) - Gold and silver shall be money when it comes to currency and how one measures the prosperity in the United States. It is the dollar. We know it's going to continue to be the dollar for some period of time yet, and you can't get too many certainties in investing. And really the second near certainty we can get is that the dollar is going to continue to diminish in value. So that's why rather than save it, we borrow for real estate. Jim, wrap it up here. In this world of higher inflation, though, it's come down in higher interest rates where you tend to think they will keep going higher. What should one do, maybe especially a younger person today, You know, any direction that you would have for a younger person, a younger investor, or maybe that's even investing in themselves and developing skills themselves. So what are your thoughts?   Speaker 4 (00:33:33) - They're all investors. Young, old, whatever should invest only in what they themselves know a lot about. If you want to be successful, don't listen to somebody on the TV or in the magazine or even on the Internet.   Speaker 4 (00:33:48) - You know your program. They should invest only in what they know about you. Listen to somebody and she said, Buy X and you buy x and x goes up. You don't know what to do because you don't know why you bought it. Right? X goes down, you don't know what to do because you don't know why you bought it. So if you want to be successful, just stay with what you yourself know a lot about. You might say that's boring. Be boring If you want to be successful, be boring. You know, invest in what you know. And I cannot tell you how important that is for all investors, young or old.   Speaker 1 (00:34:31) - Yeah, well, to sum it up on rates, Jim Rogers said that governments have debt, therefore governments will keep printing. So then governments will raise rates to keep inflation in check. Remember, just last year, a lot of people didn't think that Powell would have the guts to raise rates so high. Well, he sure did. Who else did I ask about how high interest rates will go? Will, I asked you on our get Recession Instagram poll, the majority of you think.   Speaker 1 (00:35:01) - That the Fed rate will exceed 6%. And again, it's about 5% now. All right. Well, then with mortgage rates around six and three quarters now, perhaps they'd go up to about 8%. But of course, mortgage rates don't track the Fed rate in lockstep. They more closely follow the yield on the ten year note. Now, this is really interesting for real estate investors when inflation is low. So interest rates, well, in those environments, real estate people seem to love that. But you know what? Those two things pretty much cancel out. Well, since we're big borrowers as real estate investors, you get less benefit from low inflation and more benefit from low interest rates, just like high inflation and high interest rates cancel out because now you've got your debt being debase faster and a greater interest expense to pay. So really it's a wash either way. If for some reason real estate investors seem to be more concerned about high interest than they are thinking about the benefits of the high inflation and in fact, real estate investors, hey, we can totally have our cake and eat it too, because when inflation goes high, well, you can stay fixed on your low interest rates.   Speaker 1 (00:36:16) - And then when inflation and rates go low, you can refinance. So savvy real estate investors then in fact benefit from the inflation and interest rate dance. This kind of tango that they do where they stay together. If you enjoy the show here each week, do you mind doing something as a give back that takes less than two minutes of your time? Leave a podcast rating and review. The fastest way to do this is just perform a search. Either search how to leave in Apple Podcasts Review, or how to leave a Spotify podcast review. I'd be grateful that helps others find the show. And we've got a bunch of terrific episodes coming up for you here on Gray, providing you with free content and reliably showing up for you every week. I would greatly appreciate your podcast rating in review. Again, it's easiest to simply search how to leave an Apple Podcasts Review or how to leave a Spotify podcast review until next week. I'm your host, Keith Weintraub. Don't quit, dude. Adrian.   Speaker 5 (00:37:24) - Nothing on this show should be considered specific, personal or professional advice.   Speaker 5 (00:37:28) - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:37:52) - The preceding program was brought to you by your home for wealth building Get rich education.com.