Its the business cycle. Smart companies are slowing production.
toastmeister
joined 6 days ago
Their margins are being squeezed by AMD, so they already are.
It seems like a buggy mess to me.
I run my own anti-wef Bot. It alerts me of incoming digital currencies.
Well I mentioned France, who are using nuclear as a backup to the rewables they implemented.
You're also burning lignite coal now, which you take from Africa who is now having blackouts. But it went pretty poorly overall phasing out nuclear for renewables.
https://en.m.wikipedia.org/wiki/Energy_in_Germany
Key to Germany's energy policies and politics is the Energiewende, meaning "energy turnaround" or "energy transformation". The policy includes nuclear phaseout (completed in 2023) and progressive replacement of fossil fuels by renewables. However, contrary to plan, the nuclear electricity production lost in Germany's phase-out was primarily replaced with coal electricity production and electricity importing. One study found that the nuclear phase-out caused $12 billion in social costs per year, primarily due to increases in mortality due to exposure to pollution from fossil fuels.
This study disagrees after taking into account storage.
https://advisoranalyst.com/2023/05/11/bofa-the-nuclear-necessity.html/
Storage and production of renewables is also done by shipping in Chinese products created burning coal and ignoring environmental concerns. This all hinges on exporting emissions and labor to areas that don't care about pollution.
I'd also argue that nuclear tech can likely proceed faster than storage, given the dangerous nature of energy storage. Even something as basic as storing water can cause deaths given what happens when dams break, stored energy is volatile by nature.
Well we have a negative productivity growth as well at the moment. Hence the BoC ringing the alarm bells. That makes it harder to pay our growing debt load even with spreading it out to more people.
Well wind farms won't help, if you need 100% reliability. Storage I figured was more expensive than nuclear after adding all the costs together, creating enough hydro for backup is extremely expensive as well.
You're essentially building a hydro power plant, water storage, pumps, and wind turbine at that point.
Why do you need to force industrial users off during the day, and how do you decommission your backup nuclear power with intermittent wind, when all you did was move from 100% uptime nuclear to variable uptime wind and solar?
Everyone is so mad at the cons who havent held power for a decade, meanwhile the party that won was ordering unions back to work and importing UN wage slaves to depress salaries, as they borrow money to buy half of all mortgage bonds to provide more full recourse loans to for-profit banks to extort the population during a clearly deliberate housing crisis.
I think that the capital gains tax hike Carney already rolled back was all a ploy to win the election, as was Freelands fake outrage over the massive budget overage. The party that won is just an entity that scams the population to continue to rob the poor; who knew Trudeau's best before date was expiring, and orchestrated Trudeau's further unpopularity in order to bring in a savior to roll it all back and promise to restore fiscal sanity. Yet everyone is here clapping about our current situation while we literally have no labor party, after the NDP likely intentionally destroyed itself via a rich lawyer in a rolex, who hasnt raised taxes on the rich a solitary dime to fund anything despite holding the entire balance of power in his hands.
Canada is screwed, we've been scammed again. The rich orchestrated all of this, and nothing about the Liberals plans have changed; the immigration numbers are the same as planned, the spending is the same, the entire cabinet is the same. The wealth inequality will continue to grow, and if you're poor you'll get to keep your unfunded dental checks while your cost of living continues to rise far more than the scraps you are given.
The most clear proof is you've never heard Carney talk about the housing crisis prior to the election, you've never heard him say a single word against forcing unions back to work, never made mention of the insane spending or negative per capita GDP growth, it was radio silence as all these terrible things happened. The most progressive thing he did was make millions promoting ESG for Brookfield to sell investments at an inflated markup, because Brookfield is an alternative investment corporation, no different than Blackrock whose fees are also significantly higher on ESG funds they promote.