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November 4, 2023

How did it ever happen? I woke up this morning, and was already halfway through my coffee when I felt a shock to the solar plexus, or was it my brain. A voice spoke to me and asked: “How could you ever have written an article on “Let’s Stop Lying about Solar: The Seven Dirty Secrets” and left out the most important one of all, the eighth dirty secret? Here is the headline in The Economist that woke me up: “Is Germany once again the Sick Man of Europe?” And it goes on to inform us that Germany’s consumers have a bigger carbon footprint than either France or Italy, and, in a frightening step with no alternative backup plans, decommissioned all its nuclear power plants. So now, dirty coal plants are being fired up to meet demand. As Reuters warns, “Germany is bleeding cash to keep the lights on.”

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Why did I omit this key point in my article? The answer was simple. It was because—like most folks—I had forgotten “the big picture,” the picture that politicians and economists want us to forget. That’s why they write the way they do, deploying abstractions, jargon, and statistical charts. Their purpose is to trigger MEGO syndrome in the reader, “my eyes glaze over.” You stop reading the article and turn to some “real” news, like about tsunamis in Tahiti, which is much more exciting. You leave the macro-economics to the 700 Economics PhDs sitting in the Federal Reserve, to figure this stuff out. After all, they’re the smart ones, aren’t they?  This is dangerous. You should at least know what’s going on. Your financial health is at stake.

The 8th Dirty Secret of Solar:

  • Overspending for Solar Can Capsize an Entire National Economy.  It is turning Germany into “The Sick Man of Europe”

Here is the story of how solar helped cripple Germany’s economy. It is a story consisting of three simple steps: overspending, printing money, and triggering inflation. It can stand as an object lesson in macro-economics, and as a warning against Big Solar for the world.

Step #1: BLEEDING RED INK: MASSIVE OVERSPENDING ON SOLAR, CREATING LOSSES

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A living example of this: Germany has spent a half trillion dollars on energy, apparently with no R&D prototyping, ROI analyses, backup plans, or clear project management protocols. It is being run by politicians, not by professional electrical engineers and climate scientists.

Step #2: FAKE MONEY TO THE RESCUE: FIAT CURRENCY

In a Desperate Move to Prevent Bankruptcies, the Government prints Fiat Currency to cover its Massive Mismanagement of the Economy, producing all its Losses

Here’s how Fiat currency works, using Germany again as our example. Having already spent more than half a trillion dollars on renewables, with negligible results for solar (except for getting re-elected for 16 years in a row), Germany was so deeply in debt that the government created a self-bailout. And how did they do this? They simply printed half-a-trillion dollars to cover their losses (search “half-a-trillion Germany Reuters”). This frightening trick is called by economists creating “Fiat” money, which is now practiced by many countries.

In common parlance, Fiat money is essentially fake or government counterfeit money—except that it’s legal. It is supported by neither gold nor silver nor commodities in the real world, but simply by a government “decree” or Fiat. (If only we could pay our income taxes that way!) It saves countries from bankruptcy after they have gone massively into debt mismanaging taxpayer money. Frequently, it is to pay for wars, after these have decimated an entire economy. What is extraordinary in the German case, however, is the sheer size of the self-bailout—a half-trillion, a staggering amount, even for the largest economy in Europe.

And why don’t we naïve citizens know about this trick? Because it goes under a flurry of aliases—which already should trigger our suspicions about the practice. Why be straight with the public? It’s just more government Gruberization at work. These aliases include the following: quantitative easing (QE), increasing the money supply, monetarism, printing money, stimulus money, digital currency, Globalist currency, bazooka policies (large-scale stimuluses) reflation, bond-buying schemes, easy monetary adpolicies, funny money, loose money, keystroke currency (electronically created money, by mere keystrokes on a computer, which are then passed through layers of complex financial instruments), or, most bluntly and on target, vampire squid currency (money sucking the lifeblood out of fellow, honest money).